Coeur Names Chief Financial Officer and Chief Operating Officer
September 19 2011 - 9:00AM
Business Wire
Coeur d’Alene Mines Corporation (NYSE:CDE) (TSX:CDM) today
announced the appointment of Frank L. Hanagarne Jr., as its new
Chief Financial Officer and Senior Vice President, effective
October 1, 2011. Coeur also announced that K. Leon Hardy, the
Company’s Senior Vice President of Operations, has been promoted to
Chief Operating Officer and Senior Vice President.
“We are very pleased to have Frank Hanagarne join our senior
management team as Chief Financial Officer,” said Mitchell J.
Krebs, President and Chief Executive Officer of Coeur. “Frank
brings to Coeur 29 years of industry experience in the finance,
operations, and business development areas. Frank will lead the
Company’s efforts to further strengthen its financial position,
deploy the Company’s growing cash flow in value-creating ways, and
provide his broad base of expertise throughout the
organization.
“In addition, Leon Hardy has led the Company’s efforts to bring
new, large mines into production in rapid succession. Going
forward, Leon will focus on bringing operational consistency and
efficiency to our portfolio of mines in his new role of Chief
Operating Officer.”
Mr. Hanagarne was most recently Chief Operating Officer of
Valcambi, SA, a precious metal refiner in Switzerland, in which
Newmont Mining Corporation has an equity interest. Prior to his
appointment as operations head of Valcambi in early 2011, Mr.
Hanagarne was a Director of Corporate Development for Newmont.
Mr. Hanagarne’s 17 years of service at Newmont has included
positions of increasing responsibility within key areas of
Newmont’s operations and business functions as well as
environmental, health and safety. He has a Master’s degree in
Business Administration from the University of Nevada, Reno, and a
Bachelor of Metallurgical Engineering degree from the New Mexico
Institute of Mining and Technology.
Mr. Hardy joined Coeur in 2003 and served as Vice President and
General Manager of Coeur Argentina. He was named Senior Vice
President of North America in 2008 and has been Senior Vice
President of Operations since early 2010. Prior to Coeur, he had
been the consulting operations manager for Apex Silver’s San
Cristobal mine in Bolivia from 1999 to 2001 and was Operations
Manager of Minera Alumbrera in Argentina from 1996 to 1998. He also
served with Cyprus Amax Minerals Company for 18 years, where he
held several mine management positions with increasing
responsibility.
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 Rochester silver-gold 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, Alaska, and Nevada.
Photos of projects and other information can be accessed through
the Company’s website at www.coeur.com.
Cautionary Statement
This news release contains forward-looking statements within the
meaning of securities legislation in the United States and Canada.
Words such as “expects,” “goals,” “plans,” “believes,” “continues,”
“may,” “will” and similar expressions are intended to identify
forward-looking statements. Examples of forward-looking statements
include, but are not limited to, statements we make regarding
anticipated operating results. These statements are based on
information that Coeur believes is reasonable, but involve
significant uncertainties affecting the business of Coeur that
could cause actual results to differ materially from those in the
forward-looking statement 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, the expected cost of capital
expenditures 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 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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