Dennis E. Wheeler Honored With Distinguished Service Award
COEUR D’ALENE, ID – November 12, 2010 - Coeur d’Alene Mines Corporation announced that the Alaska Miners Association has awarded Coeur CEO Dennis E. Wheeler its Distinguished Service Award at its recent Annual Convention, noting Mr. Wheeler’s efforts and leadership in bringing the Kensington Gold Mine near Juneau into production.
“People in Alaska and members of the Alaska Miners Association have been so grateful to Dennis for his tenacity and his determination to go forward with Kensington in the face of what appeared to be insurmountable odds,” said Steve Borell, Executive Director of the AMA. “This award is in gratitude and appreciation for what he and Coeur have accomplished here in Alaska, bringing jobs and economic development, along with environmentally sound resource development, to Juneau and Southeast Alaska.”
The Kensington mine began production in July 2010. The mine employs approximately 200 workers, with an expected mine life of 12.5 years based on current reserves of 1.5 million ounces of gold.
The award was presented at the recent AMA Annual Convention in Anchorage. The AMA is a 1,269 member non-profit organization started in 1939 and headquartered in Anchorage which works to promote the mining industry in Alaska, advocating the development and use of Alaska’s mineral resources to provide an economic base for the state.
About CoeurCoeur d'Alene Mines Corporation is one of the world's leading silver companies and also a growing gold producer. Coeur is also a recognized leader in environmental stewardship and worker safety, with 13 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 began production in July of this year. The Company also owns underground mines in 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 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.