Coeur d’Alene Mines Corporation (“Coeur”) (NYSE: CDE) (TSX: CDM) announced that its Mexican subsidiary Coeur Mexicana was recognized with the Socially Responsible Business Distinction Award for 2012 ("Distintivo Empresa Socialmente Responsable 2012") for its Palmarejo silver-gold mine operation in Chihuahua, Mexico.
Coeur Mexicana received this national award for the fifth consecutive year in recognition of its demonstrated leadership excellence in corporate social responsibility, environmental stewardship and sustainability in Mexico. The award also recognized the way Coeur Mexicana personnel conduct business in Mexico and the positive working environment Coeur Mexicana creates for employees and contractors.
“We are honored that the Mexican Centre for Philanthropy has once again recognized Coeur for its dedication to corporate social responsibility in Mexico,” said Mitchell J. Krebs, Coeur’s President and Chief Executive Officer. “We are solidly committed to conducting all of our operations in a socially and environmentally responsible manner that respects our workers, the environment and our host communities.”
Each year the Mexican Centre for Philanthropy ("Centro Mexicano para la Filantropia") recognizes companies that have demonstrated responsible corporate ethics and governance practices as well as a dedication to improving the social and environmental landscapes in which they operate.
The Palmarejo mine, located in the state of Chihuahua in northern Mexico, is a silver and gold mine commissioned in 2009. Mining at Palmarejo is conducted both underground and on the surface. Coeur’s operations in Mexico employ over 880 people.
Coeur d’Alene Mines Corporation is the largest U.S.-based primary silver producer and a growing gold producer. Coeur has four precious metals mines in the Americas generating strong production, sales and cash flow in continued robust metals markets. Coeur produces from its wholly owned operations: the Palmarejo silver-gold mine in Mexico, the San Bartolomé silver mine in Bolivia, the Rochester silver-gold mine in Nevada and the Kensington gold mine in Alaska. Coeur also owns a non-operating interest in a mine in Australia, and conducts ongoing exploration activities in Mexico, Argentina, Nevada, Alaska and Bolivia. In addition, Coeur owns strategic investment positions in eight silver and gold development companies with projects in North and South America.