Coeur Announces Public Offering
November 12 2004 - 7:00AM
PR Newswire (US)
Coeur Announces Public Offering COEUR D'ALENE, Idaho, Nov. 12
/PRNewswire-FirstCall/ -- Coeur d'Alene Mines Corporation
(NYSE:CDE) announced today that it will be filing a preliminary
prospectus supplement with the Securities and Exchange Commission
relating to a proposed public offering of 25,000,000 shares of its
common stock. Coeur has also granted the underwriters a 30-day
option to purchase up to an additional 3,750,000 shares of common
stock at the public offering price to cover over allotments, if
any. CIBC World Markets and JPMorgan are acting as joint
book-running managers for the common stock offering with Bear
Stearns & Co., Inc. and Harris Nesbitt acting as co-managers. A
copy of the prospectus related to the offering can be obtained,
when available, from CIBC World Markets Corp., 417 Fifth Avenue,
New York, NY 10016, by fax at 212-667-6136 or by e-mail at , or
J.P. Morgan Securities Inc., Prospectus Department, One Chase
Manhattan Plaza, Floor 5B, New York, NY 10081, Ph. 212-552-5164.
The company currently intends to use the proceeds of the offering
to fund accelerated exploration and development at the Cerro Bayo
and Martha mine properties, the expansion program at Silver Valley,
definition drilling at Kensington to upgrade the reserve and mine
life beyond current levels, potential acquisition of new mining
projects or companies and/or general corporate purposes. Coeur
d'Alene Mines Corporation is the world's largest primary silver
producer, as well as a significant, low-cost producer of gold. The
Company has mining interests in Nevada, Idaho, Alaska, Argentina,
Chile and Bolivia. This press release shall not constitute an offer
to sell or the solicitation of any offer to buy the securities
described above, nor shall there be any sale of these securities in
any state in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of such a state. Contact: Tony Ebersole Director of
Investor Relations 208-665-0335 Cautionary Statement This document
contains numerous forward-looking statements relating to the
Company's silver and gold mining business. Such statements are
subject to numerous assumptions and uncertainties, many of which
are outside the Company's control. Operating, exploration and
financial data, and other statements in this document are based on
information the Company believes reasonable, but involve
significant uncertainties as to future gold and silver prices,
costs, ore grades, estimation of gold and silver reserves, mining
and processing conditions, the completion and/or updating of mining
feasibility studies, changes that could result from the Company's
future acquisition 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 the Company's filings from time to time with the SEC, including,
without limitation, the Company's reports on Form 10-K and Form
10-Q. Actual results and timetables could vary significantly from
the estimates presented. Readers are cautioned not to put undue
reliance on forward-looking statements. The Company disclaims any
intent or obligation to update publicly these forward-looking
statements, whether as a result of new information, future events
or otherwise. DATASOURCE: Coeur d'Alene Mines Corporation CONTACT:
Tony Ebersole, Director of Investor Relations of Coeur d'Alene
Mines Corporation, +1-208-665-0335 Web site: http://www.coeur.com/
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