Coeur d′Alene Mines Corporation (NYSE:CDE) (TSX:CDM) reports that the
Company′s Palmarejo silver and gold mine in northern Mexico is operating
at full capacity following a regrettable fatal accident at the mine late
Sunday morning, August 26, 2012. Production resumed yesterday morning.
The Company currently does not expect any change to its 2012 silver and
gold production guidance at Palmarejo.
Underground operations at the Palmarejo mine were suspended following
the accident, and have now resumed. The open pit mine and milling
facilities have remained in operation. The Company is working with the
appropriate authorities to complete a full investigation of the incident.
The Palmarejo Mine is located 420 kilometers by road southwest of the
state capital city of Chihuahua and 15 kilometers northwest of the town
of T?moris.
Cautionary Statement
This news release contains forward-looking statements within the meaning
of securities legislation in the United States and Canada, including
statements regarding anticipated production levels at the Company′s
Palmarejo mine. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause Coeur's
actual results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements. Such factors include, among
others, any failure or delay in obtaining required governmental
approvals, the risks and hazards inherent in the mining business
(including environmental hazards, industrial accidents, weather or
geologically related conditions), changes in the market prices of gold
and silver, the uncertainties inherent in Coeur's production,
exploratory and developmental activities, any future labor disputes or
work stoppages, the effects of environmental and other governmental
regulations, the risks inherent in the ownership or 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 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.
