Full Production Resumes at Palmarejo Mine
August 28 2012 - 1:00AM
Business Wire
Coeur d’Alene Mines Corporation (NYSE:CDE) (TSX:CDM) reports
that the Company’s Palmarejo silver and gold mine in northern
Mexico is operating at full capacity following a regrettable fatal
accident at the mine late Sunday morning, August 26, 2012.
Production resumed yesterday morning. The Company currently does
not expect any change to its 2012 silver and gold production
guidance at Palmarejo.
Underground operations at the Palmarejo mine were suspended
following the accident, and have now resumed. The open pit mine and
milling facilities have remained in operation. The Company is
working with the appropriate authorities to complete a full
investigation of the incident.
The Palmarejo Mine is located 420 kilometers by road southwest
of the state capital city of Chihuahua and 15 kilometers northwest
of the town of Témoris.
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 production levels at the
Company’s Palmarejo mine. Such forward-looking statements involve
known and unknown risks, uncertainties and other factors which may
cause Coeur's actual results, performance or achievements to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking
statements. Such factors include, among others, any failure or
delay in obtaining required governmental approvals, the risks and
hazards inherent in the mining business (including environmental
hazards, industrial accidents, weather or geologically related
conditions), changes in the market prices of gold and silver, the
uncertainties inherent in Coeur's production, exploratory and
developmental activities, any future labor disputes or work
stoppages, the effects of environmental and other governmental
regulations, the risks inherent in the ownership or 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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