Army Corps of Engineers Reactivates Permit at Coeur's Kensington Gold Mine, Clearing Way for Expected 2010 Production Start
COEUR D'ALENE, Idaho - Coeur d'Alene Mines Corporation (NYSE:CDE) (TSX:CDM) (ASX:CXC) announced Aug. 17 that the U.S. Army Corps of Engineers has reactivated the 404 permit for Coeur's Kensington Gold Mine located 40 miles northwest of Juneau, Alaska. With approximately 90 percent of the mine already complete, the Company will immediately begin to finalize construction of the remaining areas of the operation.
"There is an extensive list of groups and individuals to thank for their efforts and continued support of Kensington. The Company looks forward to getting back to accomplishing the main objective, which is to construct and operate a world-class gold mine that all stakeholders will be proud of," said Dennis E. Wheeler, Chairman, President and Chief Executive Officer of Coeur. "Kensington represents Coeur's third new mine in the past two years. This transformation to these large, long-life mines will continue to provide shareholders with further growth in production and cash flow."
Posted: August 17, 2009
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