Coeur d′Alene Mines Corporation′s (NYSE:CDE) (TSX:CDM) President
and Chief Executive Officer Mitchell J. Krebs will present at the Denver
Gold Forum at the Hyatt Regency Denver at 3:10 p.m. MST (5:10 p.m. EST)
on September 11, 2012. There is a webcast link to the presentation and a
PDF of the slide presentation available on the Company′s website at
Highlights of Mr. Krebs′ presentation include:
Company′s repurchase of 475,500 common shares totaling approximately
$10 million as part of its ongoing $100 million share repurchase
program, which has reduced the Company′s outstanding shares to 89.4
million.
Reaffirmation of Company′s expectation to achieve the high-end of
full-year 2012 production guidance of 18.5 ? 20.0 million ounces of
silver and 210,000 ? 230,000 ounces of gold, and the low-end of cash
operating costs per ounce of silver of $6.50-$7.50. Kensington′s cash
operating costs per ounce of gold for 2012 are expected to be
$1,150-$1,250.
Overview of the Rochester legal dispute related to certain unpatented
claims.
The Denver Gold Forum is an invitation-only investment conference for
fund and portfolio managers, institutional investors and analysts and
executive management of the world′s leading mining companies.
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 operating results, production levels
and operating costs. 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, including risks relating to
permitting and regulatory delays and disputed mining claims, any future
labor disputes or work stoppages, the uncertainties inherent in the
estimation of gold and silver ore reserves, changes that could result
from Coeur's future acquisition of new mining properties or businesses,
reliance on third parties to operate certain mines where Coeur owns
silver production and reserves, the loss of any third-party smelter to
which Coeur markets silver and gold, 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, Coeur's ability to raise additional financing necessary to
conduct its business, make payments or refinance its debt, 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 most recent 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. Current mineralized
material estimates include disputed and undisputed claims at Rochester.
While the Company believes it holds a superior position in the ongoing
claim dispute, the Company believes an adverse legal outcome would cause
it to modify mineralized material estimates. 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.
Donald J. Birak, Coeur's Senior Vice President of Exploration and a
qualified person under Canadian National Instrument 43-101, supervised
the preparation of the scientific and technical information concerning
Coeur's mineral projects in this presentation. For a description of the
key assumptions, parameters and methods used to estimate mineral
reserves and resources, as well as data verification procedures and a
general discussion of the extent to which the estimates may be affected
by any known environmental, permitting, legal, title, taxation,
socio-political, marketing or other relevant factors, please see the
Technical Reports for each of Coeur's properties as filed on SEDAR at
Non-U.S. GAAP Measures
We supplement the reporting of our financial information determined
under United States generally accepted accounting principles (U.S. GAAP)
with certain non-U.S. GAAP financial measures, including cash operating
costs, operating cash flow, adjusted earnings, and EBITDA. We believe
that these adjusted measures provide meaningful information to assist
management, investors and analysts in understanding our financial
results and assessing our prospects for future performance. We believe
these adjusted financial measures are important indicators of our
recurring operations because they exclude items that may not be
indicative of, or are unrelated to our core operating results, and
provide a better baseline for analyzing trends in our underlying
businesses. We believe cash operating costs, operating cash flow,
adjusted earnings and EBITDA are important measures in assessing the
Company's overall financial performance.
About Coeur
Coeur d′Alene Mines Corporation is the largest U.S.-based primary silver
producer and a growing gold producer. The Company has three new, large
precious metals mines generating significantly higher production, sales
and cash flow in continued strong metals markets. In 2011, Coeur
realized the first full year of production and cash flow from all three
of its new, 100%-owned mines: the San Bartolom? silver mine in Bolivia,
the Palmarejo silver-gold mine in Mexico, and the Kensington gold mine
in Alaska. In addition, the Company began producing silver and gold from
its long-time Rochester in Nevada in the fourth quarter of 2011. The
Company also owns a non-operating interest in a low-cost mine in
Australia, and conducts ongoing exploration activities near its
operations in Argentina, Mexico, Alaska and Nevada. Additional
information can be accessed through the Company′s website at
