Coeur's Commitment to Safety Earns Six Safety Awards for Company’s National and International Operations
May 21 2009 - 4:11PM
Business Wire
Coeur d�Alene Mines Corporation (NYSE:CDE) (TSX:CDM) (ASX:CXC)
today announced that it has again been recognized by the
International Society of Mine Safety Professionals with six
national and international safety awards at its operating and
exploration properties in North and South America.
The awards were presented this month at the ISMSP Conference in
recognition of the safety milestones set during the completion and
commissioning of Coeur�s San Bartolome mine in Bolivia, the largest
pure silver mine in the world, and the construction of Coeur�s
Palmarejo Mine in northern Mexico, which began operations in the
first quarter of this year. In addition, awards were presented for
worker safety achievement at the Company�s Rochester Mine in
Nevada, Coeur�s exploration groups in both Chile and Mexico, and
the Kensington gold project in Alaska.
Awards for Internal
Achievement for 2008 include:
- Coeur Exploration, Temoris,
Chihuahua, Mexico
� � � � � � � � One year and 72,000 employee hours worked without
experiencing a lost time accident at the Palmarejo project and
mine.
- Coeur Alaska Kensington Mine,
Juneau, Alaska
� � � � � � � � For one year and 186,894 employee hours worked
without experiencing a lost time accident.
- Coeur Rochester Mine,
Lovelock, Nevada
� � � � � � � �
One year and 67,434 employee hours
worked with �zero� accidents to report.
- Coeur South America
Exploration, Chile Chico, Chile
� � � � � � � � For one year and 135,990 employee hours worked with
�zero� accidents to report.
Awards for National or
International recognition in 2008 include:
- Empresa Manquiri, San
Bartolome Mine, Potosi, Bolivia
� � � � � � � � A total of 3.4 million employee hours worked during
2008 by the mostly Bolivian workforce without experiencing a lost
time accident.
- Coeur Mexicana Palmarejo
Project/Mine, Palmarejo, Chihuahua, Mexico
� � � � � � � � A total of 2.4 million employee hours worked during
2008 by the predominately Mexican workeforce without experiencing a
lost time accident.
�We are very pleased that the ISMSP has recognized Coeur worker
safety again in 2008 with these prestigious awards. Worker safety
is a hallmark at Coeur and a foundation upon which we build and
operate all our mines and development properties around the world,�
said Dennis E. Wheeler, Chairman, President and Chief Executive
Officer of Coeur. �Along with environmental stewardship, the
message at Coeur has always been to operate at the highest levels
of worker safety, and it is gratifying to gain recognition of this
from a prestigious industry group.�
The International Society of Mine Safety Professionals is an
organization dedicated to promoting the development of health and
safety professionals throughout the international mining community.
The achievements in safety are awarded at the ISMSP annual
professional conference.
About Coeur
Coeur d�Alene Mines Corporation is one of the world�s leading
silver companies and also a significant gold producer. Coeur will
have its first full year of production this year at the world�s
largest pure silver mine - San Bartolom� in Bolivia � and began
production in March at another world-leading silver mine �
Palmarejo in Mexico. The Company also operates underground mines in
southern Chile and Argentina and one surface mine in Nevada; and
owns non-operating interests in two low-cost mines in Australia.
The Company also owns a major gold project - Kensington in Alaska -
and conducts exploration activities in Argentina, Chile and Mexico.
Coeur common shares are traded on the New York Stock Exchange under
the symbol CDE, the Toronto Stock Exchange under the symbol CDM,
and its CHESS Depositary Interests are traded on the Australian
Securities Exchange under symbol CXC.
Cautionary Statement
This press release contains forward-looking statements within
the meaning of securities legislation in the United States, Canada,
and Australia, including statements regarding anticipated operating
results. Such statements are subject to numerous assumptions and
uncertainties, many of which are outside the control of Coeur.
Operating, exploration and financial data, and other statements in
this presentation are based on information that Coeur believes is
reasonable, but involve significant uncertainties affecting the
business of Coeur, including, but not limited to, future gold and
silver prices, costs, ore grades, estimation of gold and silver
reserves, mining and processing conditions, construction schedules,
currency exchange rates, and the completion and/or updating of
mining feasibility studies, changes that could result from future
acquisitions 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 filings made from time to time with the
SEC, the Canadian securities regulators, and the Australian
Securities Exchange, including, without limitation, Coeur�s reports
on Form 10-K and Form 10-Q. Actual results, developments and
timetables could vary significantly from the estimates presented.
Readers are cautioned not to put undue reliance on forward-looking
statements. Coeur disclaims any intent or obligation to update
publicly such forward-looking statements, whether as a result of
new information, future events or otherwise. Additionally, Coeur
undertakes no obligation to comment on analyses, expectations or
statements made by first parties in respect of Coeur, its financial
or operating results or its securities.
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