Coeur Garners Five Top Safety Awards for Company’s National and International Operations
May 25 2011 - 9:00AM
Business Wire
Coeur d’Alene Mines Corporation (NYSE:CDE) (TSX:CDM) today
announced that it has again been recognized by the International
Society of Mine Safety Professionals with five national and
international safety awards for its operations in North and South
America.
The awards were presented this month at the Annual ISMSP
Conference in recognition of the safety milestones set at the
Company’s new Kensington mine in Alaska, Rochester Mine in Nevada
and Coeur’s exploration groups in Mexico, Argentina and Chile. The
awards are for the period through December 31, 2010.
Safety Achievement Awards for 2010
operations included:
- Coeur Rochester Mine, Lovelock, Nevada,
3 years and 348,884 employee hours worked without experiencing a
lost time accident.
- Coeur Alaska Kensington Mine, Juneau,
Alaska, 3 years and 757,664 employee hours worked without
experiencing a lost time accident.
- Coeur South America Exploration,
Santiago, Chile, 5 years and 520,110 employee hours worked without
experiencing a lost time accident.
- Coeur Exploration, Temoris, Chihuahua,
Mexico, 3 years and 162,988 employee hours worked without
experiencing a lost time accident.
- Coeur Argentina Exploration, Gregores,
Santa Cruz, Argentina, 2 years and 28,554 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 2010 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 the largest U.S.-based
primary silver producer and a growing gold producer. The Company
has three new, large precious metals mines generating significantly
higher production, sales and cash flow in continued strong metals
markets. In 2011, Coeur will realize the first full year of
production and cash flow from all three of its new, 100%-owned
mines: the San Bartolomé silver mine in Bolivia, the Palmarejo
silver/gold mine in Mexico, and the Kensington gold mine
in Alaska. In addition, the Company is expecting new production
from its long-time flagship Rochester mine in Nevada in the fourth
quarter of 2011. The Company also owns a non-operating interest in
a low-cost mine in Australia, and conducts ongoing
exploration activities near its operations in Argentina,
Mexico and Alaska.
Cautionary Statement
This press release contains forward-looking statements within
the meaning of securities legislation in the United States and
Canada, 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
United States Securities and Exchange Commission, and the Canadian
securities regulators, 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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