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Coeur d'Alene Mines Q1 gold production rises, silver down

By: Henry Lazenby Idaho-based precious metals miner Coeur d'Alene Mines on Monday said gold production for the first quarter ended March 31 had risen by 30% to 56 913 oz, mainly owing to significantly higher production from the company's Kensington mine in Alaska, and Rochester mine in Nevada. Despite... 

Coeur lifts profit 11%, resumes mining in Alaska

By: Henry Lazenby US-based precious-metals miner Coeur d’Alene on Monday posted higher first-quarter earnings, on the back of stronger gold and silver prices, significantly reduced costs of silver production and resumed mining at its Kensington mine, in Alaska. Earnings rose 11% year-on-year to $41.5-million, the... 

First university in the US to select local company’s simulation system

Designer and manufacturer of simulators Thoroughbred Technologies has supplied its ThoroughTec Simulation division’s fourth generation CYBERMINE4 simulator, becoming the US’s first advanced underground mine training simulator to be acquired by a university.  

Coeur mulls acquisitions, dividends

By: Liezel Hill US silver producer Coeur d'Alene Mines is looking to use its growing cash flow for acquisitions and will also look at returning money to shareholders, CEO Dennis Wheeler told analysts on Monday. The company, which has mines in Mexico, Bolivia, Argentina, Australia and the US, is forecasting... 

Higher output, prices buoy Coeur earnings

By: Liezel Hill Silver miner Coeur d'Alene Mines reported a first-quarter profit of $12,5-million, compared with a $12,9-million net loss a year earlier, helped by increased production and strong silver and gold prices. Excluding some once-off items, adjusted earnings rose to $37,5-million, up from $1,7-million... 

Coeur expects to hit 20Moz silver this year, won't hedge output

By: Liezel Hill Coeur d'Alene Mines, the biggest US silver producer, expects to increase silver output to as much as 20-million ounces this year, CEO Dennis Wheeler said on Monday. Shares in the miner jumped 15% in New York, to $31,83 apiece, after the company reported fourth quarter earnings, and amid... 

Coeur to start mining in July at Alaska project

By: Liezel Hill Idaho-based Coeur d'Alene Mines plans to begin mining operations at its Kensington mine in Alaska in July, the company announced on Wednesday. Coeur said the mine is expected to produce around 50 000 oz of gold this year, up from an earlier forecast of 40 000 oz.  

Coeur to start ramp up at Alaska mine early 2010

By: Liezel Hill US precious-metals miner Coeur d'Alene Mines has completed 90% of the construction of its new Kensington mine, in Alaska, and expects to start operational ramp up early in 2010, ahead of first production in the second half of the year. The company scored a big victory in June, when the US... 

Coeur reduces convertible debt

By: Liezel Hill US precious-metals miner Coeur d'Alene Mines lowered its convertible debt by more than $150-million, or around 37%, during the first half of 2009, the firm announced on Thursday. The debt was reduced in a series of privately negotiated transactions, and included the retiring of senior notes due... 

US top court rules Coeur can dump waste into Alaska lake

By: Liezel Hill Shares in precious-metals miner Coeur d'Alene Mines rose 5,2% on Monday, after the US Supreme Court upheld a permit that will allow the miner to pump rock waste from its new Kensington mine, in Alaska, into a nearby lake. The justices overturned an appeals court ruling that withdrew the mine... 

Coeur starts up world's biggest pure silver mine

By: Liezel Hill Precious-metals miner Coeur d'Alene Mines has begun introducing ore to the mill at its San Bartolome mine, in Bolivia, and expects to produce 6-million ounces of silver from the mine this year, chairperson, president and CEO Dennis Wheeler said on Monday. The mine, which will produce... 

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