Coeur Garners Seven Top Safety Awards for Company’s National and International Operations
May 25 2010 - 9:00AM
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 seven
national and international safety awards at its operations in North
and South America for hours worked in 2009.
The awards were presented this month at the Annual ISMSP
Conference in recognition of the safety milestones set during final
construction at Coeur’s new Kensington gold mine in Alaska, which
is expected to begin initial production in July 2010, in addition
to worker safety achievement at the Company’s Rochester Mine in
Nevada, Martha Mine in Argentina, and Coeur’s exploration groups in
Mexico, Argentina and Chile.
Safety Achievement Awards for
2009 operations included:
- Coeur Rochester Mine, Lovelock,
Nevada: 2 years and 201,879 employee hours worked with “ZERO”
accidents to report.
- Coeur Alaska Kensington Mine,
Juneau, Alaska: 2 years and 218,061 employee hours worked without
experiencing a lost time accident.
- Coeur Martha Mine, Gregores,
Santa Cruz, Argentina: 1 year and 424,769 employee hours worked
without experiencing a lost time accident.
- Coeur Cerro Bayo Mine, Chile
Chico, Chile: 1 year and 112,152 employee hours worked with “ZERO”
accidents to report.
- Coeur South America Exploration,
Chile Chico, Chile: 4 years and 492,366 employee hours worked
without experiencing a lost time accident.
- Coeur Exploration, Temoris,
Chihuahua, Mexico: 2 years and 124,318 employee hours worked
without experiencing a lost time accident.
- Coeur Argentina Exploration,
Gregores, Santa Cruz, Argentina: 1 year and 16,260 employee hours
worked without experiencing a lost time accident.
“We are very pleased that the ISMSP has again recognized Coeur
worker safety with these prestigious 2009 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 is
also a recognized leader in environmental stewardship and worker
safety, with nine national and international awards earned over the
past year. The Company’s three new long-life mines include the San
Bartolomé silver mine in Bolivia which began operations in 2008,
the Palmarejo silver/gold mine in Mexico, which began operations in
2009, and the Kensington gold mine in Alaska, which is planned to
begin operations in July. The Company also owns underground mines
in southern Chile and Argentina and one surface mine in Nevada, and
owns a non-operating interest in a low-cost mine in Australia. The
Company conducts exploration activities in Alaska, Argentina, Chile
and Mexico. Coeur common shares are traded on the New York Stock
Exchange under the symbol CDE, and 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 fourth parties in respect of Coeur, its
financial or operating results or its securities.
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