-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TH06o0mbnT+vubDbp0ROjon9WQeTFDsmZSEvAx7Ela6Wd7DJE7pQW5mGss8w1ey6 c0jmo6L+HJ8enIr7KRQHxg== 0000897069-06-001044.txt : 20060410 0000897069-06-001044.hdr.sgml : 20060410 20060410164033 ACCESSION NUMBER: 0000897069-06-001044 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060409 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060410 DATE AS OF CHANGE: 20060410 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COEUR D ALENE MINES CORP CENTRAL INDEX KEY: 0000215466 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 820109423 STATE OF INCORPORATION: ID FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08641 FILM NUMBER: 06751252 BUSINESS ADDRESS: STREET 1: 400 COEUR D ALENE MINES BLDG STREET 2: 505 FRONT AVE CITY: COEUR D ALENE STATE: ID ZIP: 83814 BUSINESS PHONE: 2086673511 MAIL ADDRESS: STREET 1: 400 COEUR D ALENE MINES BLDG STREET 2: 505 FRONT AVE CITY: COEUR D STATE: ID ZIP: 83814 8-K 1 cmw2134.htm CURRENT REPORT

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15 (d) of the
Securities and Exchange Act of 1934

Date of Report (Date of earliest event reported): April 9, 2006

COEUR D’ALENE MINES CORPORATION
(Exact name of Registrant as specified in its charter)

Idaho 1-8641 84-0109423
(State or Other Jurisdiction of (Commission File Number) (I.R.S. Employer
Incorporation) Identification No.)

400 Coeur d’Alene Mines Bldg., 505 Front Avenue, 83814
Coeur d’Alene, Idaho (Zip Code)
(Address of Principal Executive Office)

Registrant’s telephone number, including area code: (208) 667-3511

Not Applicable
(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 8.01.      Other Events.

        On April 9, 2006, Coeur d’Alene Mines Corporation entered into an agreement to sell 100% of the shares of Coeur Silver Valley, a wholly-owned subsidiary of the Company, to U.S. Silver Corporation, a Delaware corporation, for $15 million in cash. Additional information relating to the agreement is set forth in the press release, dated April 10, 2006, filed as an exhibit hereto.

Item 9.01.      Financial Statements and Exhibits.

(d) Exhibits. The following exhibit is filed herewith:

Exhibit No. Document

 
99 Press Release issued by the Registrant on April 10, 2006


SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

COEUR D'ALENE MINES CORPORATION
(Registrant)


Dated:  April 10, 2006
By:  /s/ James A. Sabala
        James A. Sabala
        Executive Vice President and
            Chief Financial Officer
EX-99 2 cmw2134a.htm PRESS RELEASE

Exhibit 99

NEWS RELEASE
Contact: Scott Lamb 208-665-0777

COEUR SIGNS AGREEMENT FOR SALE OF SILVER VALLEY SUBSIDIARY

COEUR D’ALENE, Idaho * April 10, 2006 — Coeur d’Alene Mines Corporation (NYSE: CDE, TSX: CDM) announced today that it has entered into an agreement to sell 100% of the shares of Coeur Silver Valley (CSV) to U.S. Silver Corporation, a Delaware Corporation, for $15 million in cash. Coeur Silver Valley is a wholly owned subsidiary of Coeur d’Alene Mines Corporation that owns and operates the Galena underground silver mine and adjoining properties in Northern Idaho.

Dennis E. Wheeler, Coeur’s Chairman, President and Chief Executive Officer, commented, “Given our company’s long association with the Silver Valley, we are especially pleased to find a buyer whose management similarly has well established roots in the area. We wish U.S. Silver Corporation and the world-class workforce at the Galena mine nothing but the best. The sale of Coeur Silver Valley is another example of Coeur’s commitment to redirect its growth strategy toward lower-cost, longer-life silver assets that will generate high-margin cash flow and profits for our shareholders.”

The sale is contingent upon customary closing conditions such as U.S. Silver Corporation’s arrangements for financing, approval by the board of directors of Coeur d’Alene Mines, and completion of final documentation. Coeur and U.S. Silver Corporation will work together to ensure continuity of operations during the transition period. The transaction is expected to close by June 1, 2006.

Coeur d’Alene Mines Corporation is the world’s largest publicly traded primary silver producer and has a strong presence in gold. The Company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, Nevada, and Idaho.

Cautionary Statement
Company press releases may contain numerous forward-looking statements within the meaning of securities legislation in the United States and Canada relating to the Company’s silver and gold mining business. Such statements are subject to numerous assumptions and uncertainties, many of which are outside the Company’s control. Operating, exploration and financial data, and other statements in this document are based on information the Company believes reasonable, but involve significant uncertainties as to future gold and silver prices, costs, ore grades, estimation of gold and silver reserves, mining and processing conditions, currency exchange rates, and the completion and/or updating of mining feasibility studies, changes that could result from the Company’s future acquisition 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 the Company’s filings from time to time with the SEC and the Ontario Securities Commission, including, without limitation, the Company’s reports on Form 10-K and Form 10-Q. Actual results and timetables could vary significantly from the estimates presented. Readers are cautioned not to put undue reliance on forward-looking statements. The Company disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise.

-----END PRIVACY-ENHANCED MESSAGE-----