COEUR D'ALENE,
Idaho, May 25, 2011 (BUSINESS WIRE) --
Coeur d'Alene Mines
Corporation (NYSE:CDE) (TSX:CDM) today announced that it has again been
recognized by the International Society of Mine Safety Professionals with
five national and international safety awards for its operations in North and
South America.
The awards were
presented this month at the Annual ISMSP Conference in recognition of the
safety milestones set at the Company's new Kensington mine in Alaska,
Rochester Mine in Nevada and Coeur's exploration groups in Mexico, Argentina
and Chile. The awards are for the period through December 31, 2010.
Safety Achievement
Awards for 2010 operations included:
- Coeur Rochester Mine, Lovelock, Nevada, 3 years
and 348,884 employee hours worked without experiencing a lost time
accident.
- Coeur Alaska Kensington Mine, Juneau, Alaska, 3
years and 757,664 employee hours worked without experiencing a lost time
accident.
- Coeur South America Exploration, Santiago,
Chile, 5 years and 520,110 employee hours worked without experiencing a
lost time accident.
- Coeur Exploration, Temoris, Chihuahua, Mexico,
3 years and 162,988 employee hours worked without experiencing a lost
time accident.
- Coeur Argentina Exploration, Gregores, Santa
Cruz, Argentina, 2 years and 28,554 employee hours worked without
experiencing a lost time accident.
"We are very
pleased that the ISMSP has again recognized Coeur worker safety with these
prestigious 2010 awards. Worker safety is a hallmark at Coeur and a
foundation upon which we build and operate all our mines and development
properties around the world," said Dennis E. Wheeler, Chairman,
President and Chief Executive Officer of Coeur. "Along with
environmental stewardship, the message at Coeur has always been to operate at
the highest levels of worker safety, and it is gratifying to gain recognition
of this from a prestigious industry group."
The International
Society of Mine Safety Professionals is an organization dedicated to
promoting the development of health and safety professionals throughout the
international mining community. The achievements in safety are awarded at the
ISMSP annual professional conference.
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 will realize 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 is
expecting new production from its long-time flagship Rochester mine 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 and Alaska.
Cautionary Statement
This press release
contains forward-looking statements within the meaning of securities
legislation in the United States and Canada, including statements regarding
anticipated operating results. Such statements are subject to numerous
assumptions and uncertainties, many of which are outside the control of
Coeur. Operating, exploration and financial data, and other statements in
this presentation are based on information that Coeur believes is reasonable,
but involve significant uncertainties affecting the business of Coeur,
including, but not limited to, future gold and silver prices, costs, ore
grades, estimation of gold and silver reserves, mining and processing
conditions, construction schedules, currency exchange rates, and the
completion and/or updating of mining feasibility studies, changes that could
result from future acquisitions 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 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.
SOURCE: Coeur d'Alene Mines Corporation
Coeur d'Alene Mines
Corporation
Tony Ebersole, 208-665-0777
Director of Corporate
Communications
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