Coeur to Present at Denver Gold Forum
September 07 2012 - 6:02PM
Business Wire
Coeur d’Alene Mines Corporation’s (NYSE:CDE) (TSX:CDM)
President and Chief Executive Officer Mitchell J. Krebs will
present at the Denver Gold Forum at the Hyatt Regency Denver at
3:10 p.m. MST (5:10 p.m. EST) on September 11, 2012. There is a
webcast link to the presentation and a PDF of the slide
presentation available on the Company’s website at
www.coeur.com.
Highlights of Mr. Krebs’ presentation include:
- Company’s repurchase of 475,500 common
shares totaling approximately $10 million as part of its ongoing
$100 million share repurchase program, which has reduced the
Company’s outstanding shares to 89.4 million.
- Reaffirmation of Company’s expectation
to achieve the high-end of full-year 2012 production guidance of
18.5 – 20.0 million ounces of silver and 210,000 – 230,000 ounces
of gold, and the low-end of cash operating costs per ounce of
silver of $6.50-$7.50. Kensington’s cash operating costs per ounce
of gold for 2012 are expected to be $1,150-$1,250.
- Overview of the Rochester legal dispute
related to certain unpatented claims.
The Denver Gold Forum is an invitation-only investment
conference for fund and portfolio managers, institutional investors
and analysts and executive management of the world’s leading mining
companies.
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,
production levels and operating costs. 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, including risks relating
to permitting and regulatory delays and disputed mining claims, any
future labor disputes or work stoppages, the uncertainties inherent
in the estimation of gold and silver ore reserves, changes that
could result from Coeur's future acquisition of new mining
properties or businesses, reliance on third parties to operate
certain mines where Coeur owns silver production and reserves, the
loss of any third-party smelter to which Coeur markets silver and
gold, 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,
Coeur's ability to raise additional financing necessary to conduct
its business, make payments or refinance its debt, 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 most recent 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.
Current mineralized material estimates include disputed and
undisputed claims at Rochester. While the Company believes it holds
a superior position in the ongoing claim dispute, the Company
believes an adverse legal outcome would cause it to modify
mineralized material estimates. 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.
Donald J. Birak, Coeur's Senior Vice President of Exploration
and a qualified person under Canadian National Instrument 43-101,
supervised the preparation of the scientific and technical
information concerning Coeur's mineral projects in this
presentation. For a description of the key assumptions, parameters
and methods used to estimate mineral reserves and resources, as
well as data verification procedures and a general discussion of
the extent to which the estimates may be affected by any known
environmental, permitting, legal, title, taxation, socio-political,
marketing or other relevant factors, please see the Technical
Reports for each of Coeur's properties as filed on SEDAR at
www.sedar.com.
Non-U.S. GAAP Measures
We supplement the reporting of our financial information
determined under United States generally accepted accounting
principles (U.S. GAAP) with certain non-U.S. GAAP financial
measures, including cash operating costs, operating cash flow,
adjusted earnings, and EBITDA. We believe that these adjusted
measures provide meaningful information to assist management,
investors and analysts in understanding our financial results and
assessing our prospects for future performance. We believe these
adjusted financial measures are important indicators of our
recurring operations because they exclude items that may not be
indicative of, or are unrelated to our core operating results, and
provide a better baseline for analyzing trends in our underlying
businesses. We believe cash operating costs, operating cash flow,
adjusted earnings and EBITDA are important measures in assessing
the Company's overall financial performance.
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 realized 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 began producing silver and gold from its long-time
Rochester 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. Additional information can be
accessed through the Company’s website at www.coeur.com.
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