PROXY Governance Recommends Coeur Shareholders Vote ''FOR'' Proposals Relating to Pending Acquisitions
Three Leading Proxy Advisory Firms Support Acquisitions
COEUR D'ALENE, Idaho, Nov 27, 2007 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (CDE: Coeur d'Alene Mines Corporation) (CA:CDM) today announced that PROXY Governance Inc., a leading independent proxy advisory firm, has recommended that Coeur shareholders vote "FOR" the proposals related to the acquisition of Bolnisi Gold NL (ASX: BSG) and Palmarejo Silver and Gold Corporation (CA:PJO: news, chart, profile) at the Company's Special Meeting of shareholders scheduled for Monday, December 3, 2007.
PROXY Governance joins Institutional Shareholder Services and Glass Lewis & Co. as the third independent proxy advisory firm recommending that Coeur shareholders vote "FOR" the proposed acquisitions.
In its report, PROXY Governance opined, "PROXY Governance supports this merger because we believe that it will enhance the company's long-term financial performance. In arriving at this decision, we are influenced by the board's reasoning for the acquisition and the favorable opinions of equity analysts."(a)
Coeur's Special Meeting is Less Than One Week Away
Vote Your Proxy Today
The Company urges all shareholders to vote FOR the proposals to ensure their votes are counted at the Special Meeting. The vote of Coeur shareholders is very important regardless of the number of shares of common stock they own. Coeur shareholders can vote FOR the proposals through the Internet, by telephone as described on the proxy card or by completing and returning the proxy card today. Please refer to your proxy for specific voting instructions. Shareholders who have questions or need assistance in voting should call D.F. King & Co., Inc. at 1-800-901-0068 (toll-free) or 212-269-5550.
The Special Meeting of Coeur shareholders is scheduled for Monday, December 3, 2007 at 9:30 a.m. local time at The Coeur d'Alene Resort and Conference Center, Second Street and Front Avenue, Coeur d'Alene. Coeur shareholders of record as of the close of business on October 19, 2007 are entitled to vote at the Special Meeting.
About Coeur
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. In 2006, Coeur produced 12.8 million ounces of silver and 116,000 ounces of gold. Cash costs in 2006 were $3.33 per ounce of silver for 2006.