Coeur Announces Closing of Public Offering
November 24 2004 - 1:29PM
PR Newswire (US)
Coeur Announces Closing of Public Offering COEUR D'ALENE, Idaho,
Nov. 24 /PRNewswire-FirstCall/ -- Coeur d'Alene Mines Corporation
(NYSE:CDE) announced today the closing of its previously announced
public offering of 25,000,000 shares of common stock, which Coeur
sold to the public at $4.50 per share. Coeur expects to receive net
proceeds, after payment of the underwriters' discount, of
approximately $106.9 million prior to any exercise of the over
allotment option. CIBC World Markets and JP Morgan acted as joint
book-running managers for the common stock offering, with Bear
Stearns & Co., Inc. and Harris Nesbitt acting as co-managers.
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 jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such jurisdiction.
Contact: Tony Ebersole Director of Investor Relations 800-523-1535
Cautionary Statement This document contains numerous
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 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, +1-800-523-1535 Web site:
http://www.coeur.com/
Copyright
Coeur Mining (NYSE:CDE)
Historical Stock Chart
From Jun 2024 to Jul 2024
Coeur Mining (NYSE:CDE)
Historical Stock Chart
From Jul 2023 to Jul 2024