Coeur’s Kensington Gold Mine Production Continues
September 15 2011 - 5:43PM
Business Wire
Coeur d’Alene Mines Corporation (NYSE:CDE) (TSX:CDM) reports
that its wholly owned Kensington gold mine and processing facility,
located 45 miles northwest of Juneau, in Alaska, is operating at
full capacity following the fatal accident in the underground
operations on September 7, 2011. The Company currently does not
expect any material impact to its gold production guidance for
2011, and will continue to evaluate any potential impact to
projected guidance.
Miners are working in all areas of the Kensington underground
operations, including advancing development headings. The mill is
running at capacity this week following four days of shut down and
planned maintenance. The Company has been working in cooperation
with the Mine Safety and Health Administration (MSHA) in the
investigation of the accident as well as in finalizing updated
blasting protocol for the production stopes underground.
Cautionary Statement
This news 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 and
production information regarding the Kensington gold mine,
financial guidance for Coeur, and other statements in this release
are based on information that Coeur believes is reasonable, but
involve significant uncertainties affecting the business of Coeur,
including, but not limited to, any investigation or action by MHSA
or other governmental authorities relating to the fatal accident at
Kensington, future gold and silver prices, costs, ore grades,
estimation of gold and silver reserves, mining and processing
conditions, construction schedules, currency exchange rates, the
risks and hazards inherent in the mining business (including
environmental hazards, industrial accidents, weather or
geologically related conditions), regulatory and permitting
matters, 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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