22.10.2007 12:55:00

Coeur Strengthens Management Team in South America and Alaska

Coeur d’Alene Mines Corporation (NYSE:CDE) (TSX:CDM) today announced the appointment of key personnel at its growth projects, San Bartolomé, Bolivia silver mine and Kensington, Alaska Gold mine. Both mines are progressing toward the operations and production phase of development. "We are very pleased to announce that our San Bartolomé silver mine and Kensington gold mine have almost completed construction and are moving toward the operations and production phase,” said Dennis E. Wheeler, Chairman, President and Chief Executive Officer. "In tandem with this, Coeur has significantly strengthened its operations management team to secure the company’s position as it moves to its next level of strategic growth. Production at San Bartolomé remains on schedule to begin producing nine million ounces of silver annually, beginning in February. Additionally, construction at Kensington is over 90% complete and the process plant and ancillary construction activities, including pre-operational testing, are fully complete.” San Bartolomé, Bolivia At San Bartolomé, Rick Irvine has been appointed General Manager for the mine in Potosi, Bolivia. Rick recently joined Coeur and Empresa Minera Manquiri, Coeur’s Bolivian subsidiary. He has 17 years of mining experience in Canada, Argentina, Chile, Honduras, Nicaragua, as well as Bolivia. Rick was most recently Operations Manager at the Manantial Espejo development project in Argentina. He was also previously Vice President and Chief Operating Officer of Apogee Minerals. As San Bartolomé moves toward its expected February 2008 startup, over 1,600 personnel on site at the project have surpassed 2 million man hours without a lost time accident. All major construction contracts have been awarded for the project, with engineering 100% complete, and procurement of equipment and materials 98% complete. Kensington, Alaska At Kensington – Coeur’s major gold project near Juneau, Alaska – Tom Henderson has been promoted to General Manager for Coeur Alaska. Tom has been Mine Manager at Coeur’s Kensington Mine since beginning with the company in late 2006. Effective November 1, Mr. Henderson will also become General Manager of the Kensington as it moves toward its production phase. Tom was previously a mining manager at the Robinson Mine in Ruth, Nevada, and also worked at the Goldstrike Mines in Carlin, Nevada. Tom was also mine manager at the Grasberg Mine, one of the world’s largest mines located in Indonesia. Tom brings a total of 29 years of mining operations experience to his new position at Kensington. Construction at Kensington is over 90% complete. The process plant and ancillary construction activities, including pre-operational testing, are fully complete. A supplemental operations team remains focused on improving the process plant control systems, as well as other minor activities including sediment control, overall site maintenance, and weather conditioning. Additional Personnel Changes Bernie O’Leary was named Director of Technical Services, based in Sydney Australia. Bernie succeeds Stuart Mathews, who was promoted to lead the Palmarejo silver and gold project in Chihuahua Mexico. Bernie brings with him 23 years of mine production management and planning experience at small to large mine operations in both New Zealand and Australia and, most recently, was mining manager at Barrick’s Cowal Gold Mine in NSW, Australia. Greg Blaylock was named to Manager of Mining for the Palmarejo Project in Chihuahua, Mexico; Hector Figueroa was named to Geology Manager at Palmarejo. Coeur d'Alene Mines Corporation is one of the world's leading primary silver producers and a growing gold producer. The company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, Nevada, and Tanzania. Cautionary Statement: Company news releases and advisories may contain statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The company cautions that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those expressed or implied in the forward-looking statements as a result of various factors.
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