Coeur's Kensington Gold Mine Production Continues
COEUR D'ALENE, Idaho, Sep 15, 2011 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (NYSE:CDE) (TSX:CDM) reports that its wholly owned Kensington gold mine and processing facility, located 45 miles northwest of Juneau, in Alaska, is operating at full capacity following the fatal accident in the underground operations on September 7, 2011. The Company currently does not expect any material impact to its gold production guidance for 2011, and will continue to evaluate any potential impact to projected guidance.
Miners are working in all areas of the Kensington underground operations, including advancing development headings. The mill is running at capacity this week following four days of shut down and planned maintenance. The Company has been working in cooperation with the Mine Safety and Health Administration (MSHA) in the investigation of the accident as well as in finalizing updated blasting protocol for the production stopes underground.
This news 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 and production information regarding the Kensington gold mine, financial guidance for Coeur, and other statements in this release are based on information that Coeur believes is reasonable, but involve significant uncertainties affecting the business of Coeur, including, but not limited to, any investigation or action by MHSA or other governmental authorities relating to the fatal accident at Kensington, future gold and silver prices, costs, ore grades, estimation of gold and silver reserves, mining and processing conditions, construction schedules, currency exchange rates, the risks and hazards inherent in the mining business (including environmental hazards, industrial accidents, weather or geologically related conditions), regulatory and permitting matters, 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
Posted: September 15, 2011