Coeur Mining / CDE (NYSE)

    Main Access Tunnel Completed All Non-tailings Related Construction Set for August Completion


    Last Update: 9:01 AM ET Jul 11, 2007


    COEUR D'ALENE, Idaho, Jul 11, 2007 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (CDE: Coeur d'Alene Mines Corporation) (CA:CDM) today announced that construction work has been completed on the main access tunnel at the Kensington Gold Mine in Alaska, with all remaining, non-tailings related surface facility construction scheduled for completion by mid-August.
    The completion of the 12,000-foot horizontal tunnel now allows for clear access between the Kensington Mine and the Jualin property, where the mill and processing facilities are located. Contractors from the Redpath/Kake Native corporation joint venture, along with Coeur Alaska, completed the final 6,800 feet of tunneling over the past year.
    The processing facility and mill, located outside the portal in the Jualin Valley, are expected for completion by August 15. In addition to connecting with the Kensington Mine for mining equipment and ventilation, the 18-foot wide by 15-foot high tunnel further opens up new territory in the historic Jualin and Comet mining areas to future exploration potential.
    The Kensington Mine is expected to produce 150,000 ounces of gold per year in its initial years at an estimated cash cost of $310 per ounce of gold, with an expected 10-15 year mine life based on current mineral inventory. The mine has 1.35 million ounces of proven and probable gold mineral reserves.
    The Company is continuing to review its options, including engaging the environmental organizations' plaintiffs, and hopes to find a solution to the tailings facility at Kensington so it may proceed with production.
    Coeur d'Alene Mines Corporation is one of the world's leading primary silver producers and has a strong presence in gold. The company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, Nevada and Tanzania.

    Construction Workers Surpass Milestone of One Million Man Hours Without a Lost Time Accident Project Remains on Schedule and on Budget toward January 2008 Startup


    COEUR D'ALENE, Idaho, Jul 16, 2007 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (CDE: Coeur d'Alene Mines Corporation) (CA:CDM) today announced that construction workers at its large San Bartolome silver project in Bolivia have collectively surpassed the milestone of one million man-hours without a lost time accident, while remaining on schedule and on budget toward an anticipated January 2008 startup date. Through June 30, the project had posted 1,110,867 man-hours without a lost time accident.
    The construction of San Bartolome, which is expected to produce approximately 9 million ounces of silver in its first year, currently employs approximately 1,100 workers through its South American Subsidiary Empresa Minera Manquiri, and its contractors, most of whom are Bolivians.
    Site preparation work is essentially complete, and concrete foundation work is well advanced. Construction of the leach tanks is also well advanced, and all major contracts have been awarded.
    "One million man-hours without a lost time accident is a major milestone for any mine, and with San Bartolome further demonstrates Coeur's worldwide approach to mine safety which has resulted in the safe working conditions and efficiency employed at our new silver mine," said Dennis E. Wheeler, Chairman, President and Chief Executive Officer of Coeur. "San Bartolome is not only bringing well-paying jobs to the people of Bolivia, it is doing so in a safe and productive work environment. We are extremely proud of the San Bartolome team, led by Jim Duff, all of Coeur's contractors, and the entire workforce in Bolivia for maintaining this positive construction momentum, while maintaining discipline over costs and schedule."
    "This is the kind of safety and efficiency Coeur strives to bring to all its projects around the world," Wheeler added.
    Additional photos of construction progress at San Bartolome are available on the Coeur website, http://www.coeur.com.
    Coeur d'Alene Mines Corporation is one of the world's leading primary silver producers and a growing gold producer. The company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, Nevada, and Tanzania.

    COEUR D'ALENE, Idaho, Jul 26, 2007 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (CDE: Coeur d'Alene Mines Corporation) (CA:CDM) today announced that Stuart Mathews, the Technical Director of Coeur Australia who has been assigned to the Company's South American properties, has been appointed interim project manager for the Palmarejo project in Mexico. Mathews is expected to be named General Manager at Palmarejo once the transaction is completed in the fourth quarter of 2007.
    Mathews will direct the newly established Project Development Committee at Palmarejo, whose focus is to develop the Rosario deposit at the project utilizing open pit mining methods. The Project Development Committee will complete a pre-feasibility study by the end of August, which will include a combined open-pit and underground mine development scenario.
    "Stuart's more than 20 years of experience and broad range of technical skills in exploration, mine geology, resource modelling and grade control methodology fit perfectly with our objectives in taking Palmarejo to the next level of development during this interim period," said Richard Weston, Coeur's Senior Vice President of Operations. "Stuart's new role will allow him to make an easy transition to General Manager of the Palmarejo Project once the transaction is completed, and the mine moves toward production."
    Mathews, who has a Master's Degree in Geology from the University of Canterbury, Christchurch, New Zealand, has worked in a number of senior geology, project development and management positions at major mines and mining projects throughout Australia, New Zealand, South America and Mexico.
    Coeur, Bolnisi Gold NL (ASX:BSG) and Palmarejo Silver and Gold Corporation (CA:PJO: news, chart, profile) expect to begin mailing information to shareholders in September. All three companies' shareholder meetings are expected to be held in October. Assuming timely completion of the required regulatory processes and receipt of the required shareholder and court approvals, the companies expect the transaction to be completed in the fourth quarter of 2007.
    About Coeur d'Alene
    Coeur d'Alene Mines Corporation is one of the world's leading primary silver producers and a growing gold producer. The company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, Nevada, and Tanzania.

    COEUR D'ALENE, Idaho, Aug 01, 2007 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (CDE: Coeur d'Alene Mines Corporation) (CA:CDM) will report its second quarter 2007 results on Wednesday, August 8, 2007 before the New York Stock Exchange opens for trading. There will be a conference call that day at 1:00 p.m. Eastern time.


    Dial-In Numbers: (866) 853 - 4681 (US and Canada)
    (660) 422 - 4718 (International)


    Conference ID: 11745658




    The conference call and presentation will also be web cast on the company's web site http://www.coeur.com.
    Hosting the call will be Dennis E. Wheeler, Chairman, President and Chief Executive Officer of the company, who will be joined by James A. Sabala, Executive Vice President and Chief Financial Officer, and other members of management.
    A replay of the call will be available through August 15, 2007. The replay dial-in numbers are (800) 642-1687 (US and Canada) and (706) 645-9291 (International) and the access code is 11745658. In addition, the call will be archived for a limited time on the company's web site.
    Coeur d'Alene Mines Corporation is one of the world's leading primary silver producers and has a strong presence in gold. The company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, Nevada and Tanzania.

    Bolnisi and Palmarejo transactions on track for fourth quarter close Substantial construction progress at San Bartolome with new safety milestones New veins discovered at the Cerro Bayo and Martha mines -- HIGHLIGHTS -- -- Quarterly net income of $11.9 million, or $0.04 per diluted share -- Cash provided by operations of $11.5 million during second quarter -- 3.0 million ounces of total consolidated quarterly silver production -- 25,453 ounces of gold production during second quarter -- Record budgeted exploration program discovers new veins, expands silver mineral reserves by 64% at Cerro Bayo and 49% at Martha -- San Bartolome construction progresses toward February 2008 startup, as workers surpass one million man-hours milestone without a lost time accident -- Acquisitions of Bolnisi Gold NL and Palmarejo Silver and Gold Corporation, expected to nearly double company production levels and resources, on-track for fourth quarter closing -- $272.5 million cash and short-term investments at June 30, 2007


    COEUR D'ALENE, Idaho, Aug 08, 2007 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (CDE: Coeur d'Alene Mines Corporation) (CA:CDM) today reported quarterly net income of $11.9 million, or $0.04 per diluted share, for the second quarter of 2007, compared to net income of $32.6 million, or $0.11 per diluted share for the second quarter of 2006. The second quarter of 2006 included the one-time gain of $11.2 million from the Company's sale of its Coeur Silver Valley (CSV) property, and income of $1.4 million from CSV operations.
    The Company also reported mid-year results from its 2007 exploration program, which resulted in significantly expanded mineral reserves levels at its Cerro Bayo and Martha mines, where several new veins were discovered. These increases, coupled with the previously announced increase to mineral reserves and resources at the Company's large San Bartolome silver project demonstrate the significant growth potential of Coeur's South American properties.
    For the first six months of 2007, the Company reported net income of $25.9 million, or $0.09 per diluted share, compared to net income of $47.0 million, or $0.16 per share, for the same period in 2006. Excluding the one-time gain mentioned above and $2.0 million of income from discontinued operations, the Company's net income for the first six months of 2006 was $33.9 million, or $0.12 per diluted share.
    Metal sales from continuing operations for the first six months of 2007 were $102.5 million, compared to $98.9 million in the year-ago period. Metal sales from continuing operations in the second quarter of 2007 were $51.7 million compared to $54.0 million in the year-ago quarter.
    In commenting on the Company's performance, Dennis E. Wheeler, Chairman, President and Chief Executive Officer, said, "We are pleased with the performance of our operating properties in the second quarter as the operational results were consistent overall with the second quarter of 2006. Operating cash flow for the second quarter was $11.5 million while metals prices for both silver and gold remain strong and at levels that enable the Company to generate healthy earnings and cash flows."
    "We are also very pleased to report significant reserve increases at both Cerro Bayo and Martha yielding from Coeur's strategic decision to invest a record $15.7 million in exploration this year," Mr. Wheeler continued. "This increased investment in exploration confirms a meaningful evolution in the entire Coeur Chilean and Argentinean exploration programs, building on years of geological information about new targets that are leading to discoveries. As this aggressive program continues, we are confident of achieving additional gains in mineral reserves to further extend the mine lives of these two important young mines, with a focus on finding new ore deposits to develop into new mines. The exploration success seen at Martha will have direct benefit to the standalone mill facility currently under construction and which is expected to be completed by the end of the year," Wheeler added.

    Erste Sahne! CDE muss man im Depot haben, dass ist Fakt!


    Analyse


    16.08.07 Bolnisi (AUS, Kurs 2,70 A$, MKP 771 Mio A$) meldet für das Juniquartal die Vereinbarung der Übernahme durch Coeur d’Alene (NA). Gleichzeitig übernimmt Coeur d’Alene die Anteile der Palmarejo. Die Bolnisi Aktien werden im Verhältnis von 1 Bolnisi Aktie in 0,682 Coeur d’Alene Aktien getauscht. Mit der Produktion der Palmarejo Mine, die jährlich 12 Mio oz Silber und 110.000 oz Gold produzieren soll, plant Coeur d’Alene die jährliche Produktion bis 2009 auf 32 Mio oz Silber und 290.000 oz Gold zu erhöhen. Die Ressourcen würden sich auf 364 Mio oz belaufen, was einer Lebensdauer von 11,4 Jahren entsprechen würde. Die Investitionskosten des Palmarejo Projekts, das im 4. Quartal 2008 in Produktion gehen soll, werden auf 200 Mio $ geschätzt. Da die Gesellschaft keine Vorwärtsverkäufe eingehen will, kann sie von jedem Silberpreisanstieg in vollem Umfang profitieren. Die Fusion kann voraussichtlich im Oktober mit der Zustimmung aller 3 Gesellschaften abgeschlossen werden. Am 31.12.06 verfügte Bolnisi über einen Cashbestand von 52,1 Mio A$ und war mit Krediten von insgesamt 10,6 Mio A$ belastet. Beurteilung: Bolnisi präsentiert sich mit dem Palmarejo-Trogan Projekt als interessanter Gold- und Silberexplorationswert mit einer bereits jetzt relativ hohen Bewertung. Positiv sind der hohe Silbergehalt der Erze und das verbleibende Explorationspotential. Negativ sind die erforderlichen Investitionskosten und das mittelmäßige Management der Coeur d’Alene. Durch den Kursanstieg über 3,00 A$ wurde Bolnisi zwischenzeitlich zu einer Verkaufsposition. Die Aktionäre können das Übernahmeangebot der Coeur d’Alene annehmen und die Aktien der Coeur d’Alene halten. Empfehlung: Über 3,00 A$ verkaufen, aktueller Kurs 2,70 A$, Rückkauf unter 2,00 A$. Bolnisi wird auch in Deutschland gehandelt (vgl. Halteempfehlung vom 13.03.07 bei 2,64 A$)




    © Martin Siegel

    COEUR D'ALENE, Idaho & LONGUEUIL, Quebec, Sep 05, 2007 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (CDE: CDE) (CA:CDM) ("Coeur") and Palmarejo Silver and Gold Corporation (CA:PJO) ("Palmarejo") announced today that a preliminary assessment report has been filed on the Palmarejo Project located in Northern Mexico. The purpose of this report is to provide details of the scoping study completed by Coeur that assumes mining at the Palmarejo Project takes place by both open pit and underground mining methods.
    Under this scenario, annual production at the Palmarejo Project is anticipated to begin initially by open pit mining methods in late 2008. During the initial five years of operations, production is expected to average approximately 10.4 million ounces of recovered silver and 115,000 ounces of recovered gold with average cash operating costs of negative $0.41 per ounce of silver after gold by-product credits.

    COEUR D'ALENE, Idaho, Sep 17, 2007 (BUSINESS WIRE) -- Dennis E. Wheeler, Chairman, President and Chief Executive Officer of Coeur d'Alene Mines Corporation (CDE: Coeur d'Alene Mines Corporation) (CA:CDM) , will speak at the Denver Gold Forum in Denver, Colorado on September 24 at 10:05 a.m. Eastern time (8:05 a.m. Denver time). Mr. Wheeler will present an overview of the company's strategy and growth prospects.
    The slides used by Mr. Wheeler will be available in the Investor Relations section of Coeur's web site, http://www.coeur.com.
    Coeur d'Alene Mines Corporation is one of the world's leading primary silver producers and has a strong presence in gold. The company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, Nevada and Tanzania.

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