CDE Coeur Mining Inc

COEUR D'ALENE, Idaho, Oct. 16 /PRNewswire-FirstCall/ -- Coeur d'Alene Mines Corporation (NYSE:CDENYSE:TSX:NYSE:CDM) said today that, as part of its ongoing work at the San Bartolome silver mine in Bolivia, it has begun construction of the mine's $29 million tailings facility. The work is being performed by ICE Ingenieros S.A., a Bolivian contractor with extensive experience in the mining industry, pursuant to a contract with Coeur's Bolivian subsidiary, Empresa Minera Manquiri S.A. As many as 350 Bolivian workers will be employed during construction of the tailings facility. "The tailings facility is the longest lead-time item at San Bartolome, and moving forward now is consistent with the construction schedule for the overall project, which we are aiming to complete near the end of 2007," said Coeur's Chairman, President, and Chief Executive Officer, Dennis E. Wheeler. "We feel good about advancing the project, which is creating much-needed jobs in Bolivia and especially in the Potosi region." The San Bartolome mine is expected to produce about eight million ounces of silver annually once it begins production. Coeur d'Alene Mines Corporation is the world's largest publicly traded primary silver producer and has a strong presence in gold. The company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, and Nevada. Cautionary Statement Company press releases may contain numerous forward-looking statements within the meaning of securities legislation in the United States and Canada relating to the Company's silver and gold mining business. Such statements are subject to numerous assumptions and uncertainties, many of which are outside the Company's control. Operating, exploration and financial data, and other statements in this document are based on information the Company believes reasonable, but involve significant uncertainties as to future gold and silver prices, costs, ore grades, estimation of gold and silver reserves, mining and processing conditions, currency exchange rates, and the completion and/or updating of mining feasibility studies, changes that could result from the Company's future acquisition of new mining properties or businesses, the risks and hazards inherent in the mining business (including environmental hazards, industrial accidents, weather or geologically related conditions), regulatory and permitting matters, risks inherent in the ownership and operation of, or investment in, mining properties or businesses in foreign countries, as well as other uncertainties and risk factors set out in the Company's filings from time to time with the SEC and the Ontario Securities Commission, including, without limitation, the Company's reports on Form 10-K and Form 10-Q. Actual results and timetables could vary significantly from the estimates presented. Readers are cautioned not to put undue reliance on forward-looking statements. The Company disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise. Contact: Scott Lamb 208-665-0777 DATASOURCE: Coeur d'Alene Mines Corporation CONTACT: Scott Lamb of Coeur d'Alene Mines Corporation, +1-208-665-0777 Web site: http://www.coeur.com/

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