|Coeur Strengthens Management Team in South America and Alaska|
Monday October 22, 8:55 am ET
San Bartolome and Kensington Growth Projects Prepare
for Operations and Production
COEUR D'ALENE, Idaho--(BUSINESS WIRE)--
Coeur d’Alene Mines Corporation
(NYSE:CDE - News) (TSX:CDM - News) 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.