Coeur Garners Seven Top Safety Awards for Company's National and International OperationsCOEUR D'ALENE, Idaho, May 25, 2010 (BUSINESS WIRE) --Coeur d'Alene Mines Corporation (NYSE:CDE) (TSX:CDM) (ASX:CXC) today announced that it has again been recognized by the International Society of Mine Safety Professionals with seven national and international safety awards at its operations in North and South America for hours worked in 2009.
The awards were presented this month at the Annual ISMSP Conference in recognition of the safety milestones set during final construction at Coeur's new Kensington gold mine in Alaska, which is expected to begin initial production in July 2010, in addition to worker safety achievement at the Company's Rochester Mine in Nevada, Martha Mine in Argentina, and Coeur's exploration groups in Mexico, Argentina and Chile.
Safety Achievement Awards for 2009 operations included:
- Coeur Rochester Mine, Lovelock, Nevada: 2 years and 201,879 employee hours worked with "ZERO" accidents to report.
- Coeur Alaska Kensington Mine, Juneau, Alaska: 2 years and 218,061 employee hours worked without experiencing a lost time accident.
- Coeur Martha Mine, Gregores, Santa Cruz, Argentina: 1 year and 424,769 employee hours worked without experiencing a lost time accident.
- Coeur Cerro Bayo Mine, Chile Chico, Chile: 1 year and 112,152 employee hours worked with "ZERO" accidents to report.
- Coeur South America Exploration, Chile Chico, Chile: 4 years and 492,366 employee hours worked without experiencing a lost time accident.
- Coeur Exploration, Temoris, Chihuahua, Mexico: 2 years and 124,318 employee hours worked without experiencing a lost time accident.
- Coeur Argentina Exploration, Gregores, Santa Cruz, Argentina: 1 year and 16,260 employee hours worked without experiencing a lost time accident.
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.
Coeur d'Alene Mines Corporation is one of the world's leading silver companies and also a significant gold producer. Coeur is also a recognized leader in environmental stewardship and worker safety, with nine national and international awards earned over the past year. The Company's three new long-life mines include the San Bartolomé silver mine in Bolivia which began operations in 2008, the Palmarejo silver/gold mine in Mexico, which began operations in 2009, and the Kensington gold mine in Alaska, which is planned to begin operations in July. The Company also owns underground mines in southern Chile and Argentina and one surface mine in Nevada, and owns a non-operating interest in a low-cost mine in Australia. The Company conducts exploration activities in Alaska, Argentina, Chile and Mexico. Coeur common shares are traded on the New York Stock Exchange under the symbol CDE, and the Toronto Stock Exchange under the symbol CDM, and its CHESS Depositary Interests are traded on the Australian Securities Exchange under symbol CXC.
This press release contains forward-looking statements within the meaning of securities legislation in the United States, Canada, and Australia, 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 SEC, the Canadian securities regulators, and the Australian Securities Exchange, 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 fourth parties in respect of Coeur, its financial or operating results or its securities.
SOURCE: Coeur d'Alene Mines Corporation
Posted: May 25, 2010
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