Coeur d’Alene Mines Corporation (NYSE:CDE) (TSX:CDM) (ASX:CXC) today announced that it has again been recognized by the International Society of Mine Safety Professionals with six national and international safety awards at its operating and exploration properties in North and South America.
The awards were presented this month at the ISMSP Conference in recognition of the safety milestones set during the completion and commissioning of Coeur’s San Bartolome mine in Bolivia, the largest pure silver mine in the world, and the construction of Coeur’s Palmarejo Mine in northern Mexico, which began operations in the first quarter of this year. In addition, awards were presented for worker safety achievement at the Company’s Rochester Mine in Nevada, Coeur’s exploration groups in both Chile and Mexico, and the Kensington gold project in Alaska.
Awards for Internal Achievement for 2008 include:
|One year and 72,000 employee hours worked without experiencing a lost time accident at the Palmarejo project and mine.|
|For one year and 186,894 employee hours worked without experiencing a lost time accident.|
One year and 67,434 employee hours worked with “zero” accidents to report.
|For one year and 135,990 employee hours worked with “zero” accidents to report.|
Awards for National or International recognition in 2008 include:
|A total of 3.4 million employee hours worked during 2008 by the mostly Bolivian workforce without experiencing a lost time accident.|
|A total of 2.4 million employee hours worked during 2008 by the predominately Mexican workeforce without experiencing a lost time accident.|
“We are very pleased that the ISMSP has recognized Coeur worker safety again in 2008 with these prestigious awards. Worker safety is a hallmark at Coeur and a foundation upon which we build and operate all our mines and development properties around the world,” said Dennis E. Wheeler, Chairman, President and Chief Executive Officer of Coeur. “Along with environmental stewardship, the message at Coeur has always been to operate at the highest levels of worker safety, and it is gratifying to gain recognition of this from a prestigious industry group.”
The International Society of Mine Safety Professionals is an organization dedicated to promoting the development of health and safety professionals throughout the international mining community. The achievements in safety are awarded at the ISMSP annual professional conference.
Coeur d’Alene Mines Corporation is one of the world’s leading silver companies and also a significant gold producer. Coeur will have its first full year of production this year at the world’s largest pure silver mine - San Bartolomé in Bolivia – and began production in March at another world-leading silver mine – Palmarejo in Mexico. The Company also operates underground mines in southern Chile and Argentina and one surface mine in Nevada; and owns non-operating interests in two low-cost mines in Australia. The Company also owns a major gold project - Kensington in Alaska - and conducts exploration activities in Argentina, Chile and Mexico. Coeur common shares are traded on the New York Stock Exchange under the symbol CDE, the Toronto Stock Exchange under the symbol CDM, and its CHESS Depositary Interests are traded on the Australian Securities Exchange under symbol CXC.
This press release contains forward-looking statements within the meaning of securities legislation in the United States, Canada, and Australia, including statements regarding anticipated operating results. Such statements are subject to numerous assumptions and uncertainties, many of which are outside the control of Coeur. Operating, exploration and financial data, and other statements in this presentation are based on information that Coeur believes is reasonable, but involve significant uncertainties affecting the business of Coeur, including, but not limited to, future gold and silver prices, costs, ore grades, estimation of gold and silver reserves, mining and processing conditions, construction schedules, currency exchange rates, and the completion and/or updating of mining feasibility studies, changes that could result from future acquisitions of new mining properties or businesses, the risks and hazards inherent in the mining business (including environmental hazards, industrial accidents, weather or geologically related conditions), regulatory and permitting matters, risks inherent in the ownership and 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 SEC, the Canadian securities regulators, and the Australian Securities Exchange, 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 first parties in respect of Coeur, its financial or operating results or its securities.