bnn video interview, page-2

Coeur d'Alene still loves silver

http://www.nationalpost.com/todays-paper/story.html?id=1351303

Peter Koven, Financial Post Published: Wednesday, March 04, 2009

Despite an improving silver market, shares of Idaho-based producer Coeur d'Alene Mines Corp. have been under pressure for months. The market has worried about the company's liquidity, but chief financial officer Mitchell Krebs said those concerns should start to fade. "With last Friday's results, I think investor concerns are easing," he said in an interview.

The results showed that Coeur has US$100-million in the bank. At the same time, its low-cost Palmarejo mine in Mexico will be producing silver and gold within days. The company has also fought a battle over environmental concerns at its Kensington project in Alaska that has gone all the way to the Supreme Court.


A ruling is expected soon, and if it goes in Coeur's favour, Mr. Krebs said, Kensington could be up and running next year. That would remove another drag on the stock. He is also bullish on silver, noting that it is trading fairly cheaply compared to gold on a historical basis.