COEUR DALENE, Idaho--(BUSINESS WIRE)--Coeur d’Alene Mines...

COEUR DALENE, Idaho--(BUSINESS WIRE)--Coeur d’Alene Mines Corporation (NYSE:CDE - News) (TSX:CDM - News) (ASX:CXC - News) announced today that it has started producing silver and gold at its new 100%-owned Palmarejo mine in northern Mexico, where the first gold/silver doré was poured Saturday evening.

Related Quotes
Symbol Price Change
CDE 0.89 -0.03


{"s" : "cde","k" : "c10,l10,p20,t10","o" : "","j" : ""} “We are extremely pleased with the on-time commencement of production at Palmarejo, Coeur’s newest mine project and one of the largest new silver/gold mines in the world,” said Dennis Wheeler, Chairman, President and Chief Executive Officer of Coeur. “We are proud of the work accomplished by our Palmarejo team, including the local workforce, who completed construction on schedule and on budget. Combined with production from our other new silver mine – San Bartolomé in Bolivia – Coeur expects silver production to increase 66% this year to approximately 20 million ounces.”

The mine recently was awarded the Socially Responsible Business Distinction for 2008 by the Centro Mexicano para la Filantropia (CEMEFI) for the mine’s demonstrated excellence in social responsibility. The award is a national recognition of Coeur Mexicana and its ongoing contributions to community and strategies and policies in this area. The award also recognized the way Coeur personnel conducts its business in Mexico, and the positive working environment for employees and contractors.