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U.S. Forest Service Affirms Final SEIS and ROD for Kensington
Gold Project in Alaska
COEUR D'ALENE, Idaho, March 31 /PRNewswire-FirstCall/ -- Coeur d'Alene Mines
Corporation (NYSE: CDE; TSX: CDM), the world's largest primary silver producer
and a growing gold producer, is pleased to report today that the U.S. Forest
Service as the lead agency has affirmed its previously-issued Final
Supplemental Environmental Impact Statement (FSEIS) and Record of Decision
(ROD) for Coeur's Kensington Gold Project in Alaska, which supports Coeur's
operating and development plan for the project.
"We are very pleased the U.S. Forest Service has affirmed the Final SEIS and
ROD for Kensington, which represents the most environmentally sound design and
economically practicable project," said Dennis E. Wheeler, Chairman, President
and Chief Executive Officer. "In addition to the affirmation of this
permitting milestone by the Forest Service, the National Marine Fisheries
Service has issued its biological opinion which concluded the project will not
jeopardize sensitive species. As the project nears permitting completion, we
look forward to working cooperatively and timely with the State of Alaska,
Corps of Engineers and EPA, as they complete their permitting processes, so
that Coeur can begin construction as targeted in July and be in full production
in 2006.
"Coeur is confidant Kensington will demonstrate our leading approach to sound
environmental stewardship and resource development," Mr. Wheeler added.
Kensington is designed to produce approximately 100,000 ounces of gold
annually, with a mine life of ten years.
Coeur d'Alene Mines Corporation is the world's largest primary silver producer,
as well as a significant, low-cost producer of gold. The Company has mining
interests in Nevada, Idaho, Alaska, Argentina, Chile and Bolivia.
Contact: Tony Ebersole
Director of Investor Relations
800-523-1535
Cautionary Statement
This document contains 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 these
forward-looking statements, whether as a result of new information, future
events or otherwise.
DATASOURCE: Coeur d'Alene Mines Corporation
CONTACT: Tony Ebersole, Director of Investor Relations of Coeur d'Alene
Mines Corporation, 800-523-1535
Web site: http://www.coeur.com/