Streetinvesting.com: Progressive Following on Coeur Dalene Mines...

Streetinvesting.com: Progressive Following on Coeur Dalene Mines Corporation
11:09 a.m. 01/17/2008 Provided by


Jan 17, 2008 (M2 PRESSWIRE via COMTEX) -- Stocks were mixed in early morning trading Wednesday following the announcement that Intel Corp. had disappointing earnings. However, JP Morgan Chase & Co. did offer some relief for investors concerned about the current status with banks. Investor patience has been tested with predictions that a recession is looming with banks struggling to correct damaged balance sheets. The technology sector experienced some joy today, giving thanks to Oracle Corp's deal to purchase BEA Systems for approximately $7.85 billion.

On another note, Boeing has announced that it will delay its 787 launch once again until early 2009. And profits fell 34 percent for JP Morgan in its 4th.Quarter and 38 percent for Wells Fargo in their 4th.Quarter.

Coeur D'alene Mines Corporation (CDE) traded up 4% Thursday, early in the day with below-average volume, and nearing its 52 week high.

Our research resources have been aimed towards the Us Large Caps and the various prospective companies therein. Coeur D'alene Mines Corporation was among those that we have been closely examining due to their recent news and trading patterns.

Dec 15th 008, Coeur d'Alene Mines Corporation recently announced the promotions of key personnel at its San Bartolome, Palmarejo, and Kensington projects, to escort each project from construction into production phase. Promotions were also announced in the corporate Treasury and Human Resources divisions to plan for the Company's growth.

Coeur d'Alene Mines Corporation is one of the world's leading silver companies and also a significant gold producer. Coeur, which has no silver or gold production hedged, is presently constructing two of the world's largest silver mines - San Bartolome in Bolivia and Palmarejo in Mexico; operates two underground mines in southern Chile and Argentina and one surface mine in Nevada; and owns non-operating interests in two low-cost mines in Australia. The Company also owns a major gold project in Alaska and conducts exploration activities in Argentina, Bolivia, Chile, Mexico and Tanzania. Coeur common shares are traded on the New York Stock Exchange under the symbol CDE, the Toronto Stock Exchange under the symbol CDM, and its CHESS Depositary Interests are traded on the Australian Securities Exchange under symbol CXC.

Finally for Wednesday, the nation has found that higher costs for energy and food have pushed the inflation rate up by the largest amount in 17 years. Clothing costs and the price of new cars actually fell, while workers' wages failed to keep up with inflation. Energy costs rose by 17.4 percent this year while food costs rose by 4.9 percent. Both were the biggest increase since 1990.

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