-----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, IvuR/+QDgG3jmo94ge4oLC4cyUkQuB0d52Wt1PHmEg+AeK6gsWqza6o1cP7t1Gbh SjUH1CKnFNMrirxSBs474Q== 0000950123-10-096081.txt : 20101026 0000950123-10-096081.hdr.sgml : 20101026 20101026151724 ACCESSION NUMBER: 0000950123-10-096081 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20101026 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20101026 DATE AS OF CHANGE: 20101026 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: 101141972 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 v57646e8vk.htm FORM 8-K e8vk
Table of Contents

 
 
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 EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): October 26, 2010
Coeur d’Alene Mines Corporation
(Exact name of registrant as specified in its charter)
IDAHO
(State or other jurisdiction
of incorporation or organization)
1-8641
(Commission File Number)
82-0109423
(IRS Employer Identification No.)
505 Front Ave., P.O. Box “I”
Coeur d’Alene, Idaho, 83816
(Address of Principal Executive Offices)
(208) 667-3511
(Registrant’s telephone number, including area code)
N/A
(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 (see General Instructions A.2 below):
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


TABLE OF CONTENTS

Item 7.01. Regulation FD Disclosure
Item 9.01. Financial Statements and Exhibits
SIGNATURE
EXHIBIT INDEX
EX-99.1


Table of Contents

Item 7.01. Regulation FD Disclosure.
On October 26, 2010, Coeur d’Alene Mines Corporation (the “Company”) issued the press release furnished as Exhibit 99.1 to this report. The press release is incorporated in this Item 7.01 by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits:
     
Exhibit    
Number   Description of Exhibit
99.1
  Press Release issued by the Company on October 26, 2010.

2


Table of Contents

SIGNATURE
     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 hereunto duly authorized.
                 
    Coeur d’Alene Mines Corporation    
 
               
Date: October 26, 2010
      By:   /s/ Mitchell J. Krebs
 
Name: Mitchell J. Krebs
   
 
          Title: Chief Financial Officer    

3


Table of Contents

EXHIBIT INDEX
     
Exhibit    
Number   Description of Exhibit
99.1
  Press Release issued by the Company on October 26, 2010.

4

EX-99.1 2 v57646exv99w1.htm EX-99.1 exv99w1
Exhibit 99.1
(COEUR LOGO)
NEWS RELEASE
COEUR’S ROCHESTER MINE RECEIVES POSITIVE BLM DECISION ALLOWING
FOR EXTENDED MINING OPERATIONS AND INCREASED PRODUCTION
Expected to contribute 2.3 million silver ounces and 32,000 gold
ounces of average annual production
COEUR D’ALENE, ID – October 26, 2010 — Coeur d’Alene Mines Corporation (NYSE:CDE, TSX:CDM, ASX:CXC) announced today that the Bureau of Land Management has issued a positive Decision Record (DR) for Coeur’s Rochester Mine in Nevada to extend silver and gold mining operations by several years with new production ounces expected to begin being recovered in the fourth quarter of 2011.
Work on the construction of a new leach pad and related infrastructure is expected to begin in the first quarter of 2011 with capital costs estimated to total approximately $29 million in 2011 and $38 million over the life of the project. This extension will increase total average annual silver and gold production to over 2.4 million ounces and 35,000 gold ounces over several years. This production profile represents a substantial increase compared to current expected annual production levels through 2014 of 700,000 ounces and 5,000 ounces of silver and gold, respectively, from existing residual leaching operations.
                         
    Total Ounces from   Total Est. Ounces from    
    New Production   Residual Leaching   Total Est. Ounces
Ounces in 000s   (2011-2018)   (2011-2014)   Of Production
Silver Production
    16,653       2,861       19,514  
Gold Production
    232       20       252  
At the beginning of 2010, Rochester contained proven and probable reserves measuring 25.9 million ounces of silver and 232,000 ounces of gold. A recently completed and updated feasibility study on the expansion plan includes 27.6 million contained ounces of silver and 247,000 contained ounces of gold within 48.3 million leach tons at average grades of 0.57 ounces of silver per ton and 0.005 ounces of gold per ton, based on metal prices of $1,025 per ounce of gold and $16.25 per ounce of silver (see table on last page of release). Expected cash flow and production is incremental to the ounces and cash flow currently being generated by ongoing residual leaching activities.
The expansion is expected to add approximately 200 jobs, providing a boost to the Nevada economy. In addition, the mine recently received awards from the Nevada Mining Association and the Mine Safety and Health Administration for safe operations. The mine currently has exceeded 1,224 days without a lost-time accident.
Rochester’s 2010 production forecast is expected to be 2.0 million silver ounces and 10,000 gold ounces at an average cash cost of approximately $3.00 per silver ounce.

 


 

Rochester has produced over 127.6 million ounces of silver and over 1.4 million ounces of gold in its 25 years of operations.
About Coeur
Coeur d’Alene Mines Corporation is one of the world’s leading silver companies and also a growing gold producer. Coeur is also a recognized leader in environmental stewardship and worker safety, with 13 national and international awards earned over the past year. The Company’s three new long-life mines include the San Bartolomé silver mine in Bolivia which began operations in 2008, the Palmarejo silver/gold mine in Mexico, which began operations in 2009, and the Kensington gold mine in Alaska, which began production in June of this year. The Company also owns underground mines in Argentina and one surface mine in Nevada, and owns a non-operating interest in a low-cost mine in Australia. The Company conducts exploration activities in Alaska, Argentina and Mexico. Coeur common shares are traded on the New York Stock Exchange under the symbol CDE, and the Toronto Stock Exchange under the symbol CDM.
For Additional Information:
Investors
Director of Investor Relations
Deborah Schubert, (208) 665-0332
Media
Director of Corporate Communications
Tony Ebersole, (208) 665-0777
Cautionary Statement
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 third parties in respect of Coeur, its financial or operating results or its securities.
Donald J. Birak, Coeur’s Senior Vice President of Exploration, is the qualified person responsible for 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 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 www.sedar.com.
Cautionary Note to U.S. Investors – The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically

 


 

and legally extract or produce. We use certain terms in this presentation, such as “measured,” “indicated,” and “inferred” “resources,” that are recognized by Canadian and Australian regulations, but that SEC guidelines generally prohibit U.S. registered companies from including in their filings with the SEC. U.S. investors are urged to consider closely the disclosure in our Form 10-K which may be secured from us, or from the SEC’s website at http://www.sec.gov/edgar.shtml.
Mineral Reserves – Rochester Mine
                                         
            Average Grades (ounces/ton)   Contained Ounces
Category   Short Tons   Au   Ag   Au   Ag
Proven
    35,959,300       0.006       0.54       196,100       19,498,800  
Probable
    12,311,700       0.004       0.65       51,300       8,057,300  
Total
    48,271,000       0.005       0.57       247,400       27,556,000  
Based on metal prices of $1,025 Au and $16.25 Ag and a cut-off grade of 0.48 ounces/ton Ag equivalent. Only for Rochester deposit; does not include Nevada Packard deposit.
Rounding differences may occur.

 

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