COEUR D'ALENE, Idaho, Feb. 23 /PRNewswire-FirstCall/ -- Coeur d'Alene Mines Corporation , the world's largest primary silver producer and a growing gold producer, announced today the appointment today of Richard M. Weston to the position of Managing Director of CDE Australia Pty. Ltd., a wholly-owned subsidiary of Coeur based in Sydney, Australia.
Mr. Weston has over 30 years of mine development and operations experience in Australia, New Zealand, and Indonesia. Most recently, he was the General Manager for Barrick Australia Ltd.'s Cowal Gold Project in New South Wales. Mr. Weston was previously employed by Coeur as the General Manager of the company's Golden Cross mine in New Zealand from 1994 to 1998.
Dennis E. Wheeler, Coeur's Chairman, President, and Chief Executive Officer, stated, "We are delighted that Richard has decided to re-join Coeur as Managing Director of CDE Australia Pty. Ltd. He is a highly seasoned mining professional, having worked for several of the world's leading mining companies during his career. Coeur is actively seeking to build on its Australian presence that it established last year and, with Richard's leadership and presence, I am confident that we can maximize the value of our existing investments while building a pipeline of new Australian silver opportunities."
Coeur d'Alene Mines Corporation is the world's largest primary silver producer and a growing gold producer. The Company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, Nevada, and Idaho.
Cautionary Statement
Company press releases may contain 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 such forward-looking statements, whether as a result of new information, future events or otherwise.
Contact: Scott Lamb, 208-665-0777
FCMN Contact: cturner@coeur.com
