Activities at Coeur’s San Bartolomé Silver Mine in Bolivia Return to Normal
August 17 2010 - 9:00AM
Business Wire
Mining activities at Coeur d’Alene Mines Corporation’s
(NYSE:CDE) (TSX:CDM) (ASX:CXC) San Bartolomé silver mine have now
returned to normal following several days of civic unrest in the
nearby city of Potosi, Bolivia.
Humberto Rada, President of Coeur South America and Manquiri –
Coeur’s Bolivian subsidiary – stated, “The civic unrest in Potosi
unrelated to our mine ended Monday following discussions between
the provincial and federal governments. As of Monday evening,
mining and processing activities at San Bartolomé have returned to
normal.”
The Company is maintaining its production guidance for the mine
for 2010 of 6.5 million ounces of silver at an average cash
operating cost of $8.00 per ounce.
About Coeur
Coeur d’Alene Mines Corporation is one of the world’s leading
silver companies and also a growing gold producer. Coeur is also a
recognized leader in environmental stewardship and worker safety,
with 13 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 began
production in June of this year. The Company also owns underground
mines in 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 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 third parties in respect of Coeur, its financial
or operating results or its securities.
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