Coeur Announces Results of Exchange Offer
November 05 2013 - 5:00PM
Business Wire
Coeur Mining, Inc. (the “Company” or “Coeur”) (NYSE: CDE, TSX:
CDM) today announced the results of its offer to exchange (the
“Exchange Offer”) up to $300,000,000 aggregate principal amount of
its outstanding 7.875% Senior Notes due 2021 (the “Outstanding
Notes”) for a like principal amount of its new 7.875% Senior Notes
due 2021 (the “Exchange Notes”).
According to information provided by the exchange agent, The
Bank of New York Mellon, $299,880,000 aggregate principal amount,
or 99.9%, of the privately placed 7.875% Senior Notes due 2021 were
tendered for exchange in the Exchange Offer. The Exchange Offer
expired at 5:00 p.m. Eastern time on October 30, 2013.
This press release is for informational purposes only and is
neither an offer to exchange, nor a solicitation of an offer to
sell, the Exchange Notes. The Exchange Offer is made solely
pursuant to the prospectus dated September 30, 2013, including any
supplements thereto. The Exchange Offer is not being made to
holders in any jurisdiction in which the making or acceptance
thereof would not be in compliance with the securities, blue sky or
other laws of such jurisdiction.
About Coeur
Coeur Mining, Inc. is the largest U.S.-based primary silver
producer and a growing gold producer. The Company has four precious
metals mines in the Americas generating strong production, sales
and cash flow. Coeur produces from its wholly owned operations: the
Palmarejo silver-gold mine in Mexico, the San Bartolomé silver mine
in Bolivia, the Rochester silver-gold mine in Nevada and the
Kensington gold mine in Alaska. The Company also has a
non-operating interest in the Endeavor mine in Australia. In
addition, the Company has two silver-gold feasibility stage
projects - the La Preciosa project in Mexico and the Joaquin
project in Argentina. The Company also conducts ongoing exploration
activities in Mexico, Argentina, Nevada, Alaska and Bolivia. The
Company owns strategic investment positions in eight silver and
gold development companies with projects in North and South
America.
Cautionary Note Regarding Forward-Looking Statements
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, drilling results, reserve levels, and efforts to
generate high returns and long-term growth. 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, the
risk that permits necessary for the planned Rochester expansion may
not be obtained, the risks and hazards inherent in the mining
business (including risks inherent in developing large-scale mining
projects, environmental hazards, industrial accidents, weather or
geologically related conditions), changes in the market prices of
gold and silver and a sustained lower price environment, the
uncertainties inherent in Coeur's production, exploratory and
developmental activities, including risks relating to permitting
and regulatory delays, ground conditions, grade variability, 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.
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.
Coeur Mining, Inc.Bridget Freas, 312-489-5819Director, Investor
RelationsorDonna Mirandola, 312-489-5842Director, Corporate
Communicationswww.coeur.com
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