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They're trying to knock it back down, look at that spread!
For those of you who don't read someone's blog, you might find this an interesting read.
Thursday, July 02, 2009
OK Here is a tidbit,any CCAJ holder will enjoy!!
Your favorite stock had a minority stake in 2 investigations.I say minority because the 2 different investigations involved a cpl of different people and certain other co's and what they were doing outside CCAJ then EZTO,but EZTO had been brought up by investigators to these people during grand jury precedings...Needless to say these investigations were of a very well known handful of co's,the Ihub8 debacle included.
In any case if there ever were to be anything EZTO/CCAJ related as a fallout from those investigations it would be all on Otto,thats why nobody would sign off on his #'s and a form 15 was filed.He signed off on an S8 back then and ya'll know what goes on with those thangs? Don't cha? lol Plus who knows what he did with funds that ran through EZTO..Needless to say if anything Otto did became an issue ever? The CEO now has a friendship type business relationship with an SEC atty in MW , who ran the SEC's enforcement division in ATL for 15 yrs .I posted MW's pedigree here already..I think MW can handle any problem anywhere,from what I've heard anyway lol
'Uh Huh, wait and see' What?
A little fire underneath it this AM
February, 2005
No, but we do get to ridicule and make fun of them. LOL
Back at you Lynx, your one of old timers as well. Looks like the wait is finally going to pay off.
We've been around for a long time Mikey, finally!
Here's a link to the Helix DC company.
http://www.helixdc.com/index.html
Can I get a strawberry malt with that burger?
Unfortunetly the market doesn't see it that way, this is getting ugly.
Looks like someone tired of waiting and dumped their shares!
Anything happening today with CDE. LOL
Major pull back this AM!
Did you ever speak to Rick? And if so, what did he have to say?
Here! Just not a whole lot to talk about yet.
Though it's nice to see volume, anything below 200 or 300 mill is nothing to get that excited about.
Reverse split news officially announced.
COEUR D'ALENE, Idaho, May 18, 2009 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (CDE)(CA:CDM)(ASX:CXC) today announced that its board of directors has authorized a one-for-ten reverse split of its common stock, which was approved by Coeur stockholders at the Annual Meeting of Stockholders on May 12, 2009. The reverse split will be effective at 6:01 p.m. EDT on May 26, 2009. The 1-for-10 reverse stock split will convert 10 shares of the Company's common stock into 1 share of common stock. The reverse stock split affects all issued and outstanding shares of the Company's common stock immediately prior to the effectiveness of the reverse stock split. The same 1-for-10 reverse stock split ratio will be used to effect the reverse split of the Company's CHESS Depositary Interests, or CDIs. The Company's common stock will start trading on a split-adjusted basis on the New York Stock Exchange at market open on May 27, 2009. Coeur's common stock will begin trading on the Toronto Stock Exchange on a split-adjusted basis two to three trading days following the date upon which letters of transmittal are sent to stockholders. Letters of transmittal are expected to be sent to stockholders on or about May 29, 2009. The number of shares of Coeur common stock issued and outstanding will be reduced from approximately 686,320,000 shares, to approximately 68,632,000 shares post-split, without accounting for fractional shares. The number of shares reserved for issuance under Coeur's equity compensation plans will also be reduced proportionately. Coeur will not issue any fractional shares of its common stock as a result of the reverse stock split. Instead, stockholders who would otherwise hold fractional shares will be entitled to receive cash (without interest or deduction) in lieu of such fractional shares in an amount equal to the fraction to which the shareholder would otherwise be entitled multiplied by the closing sales price of Coeur's common stock as reported on the NYSE or TSX, as applicable, on May 26, 2009, as adjusted for the reverse stock split. Coeur has retained Mellon Investor Services LLC, to act as exchange agent for the reverse stock split. Mellon will manage the exchange of old, pre-reverse stock split shares for new post-reverse stock split shares. Stockholders of record as of the Effective Time, which is May 26, 6:01 p.m. EDT, will receive a letter of transmittal providing instructions for the exchange of their shares. Stockholders who hold their shares in "street name" will be contacted by their banks or brokers with any instructions. For further information, stockholders and securities brokers should contact Mellon at 1-866-223-5997 after May 27, 2009. Computershare Investor Services will serve as the exchange agent with respect to the Australian CDIs. For further information, CDI holders should contact Computershare at 1300 850 505 (from outside Australia +61 3 9415 4000). The Company has posted a Frequently Asked Questions (FAQ) document to its website at . About Coeur Coeur d'Alene Mines Corporation is one of the world's leading silver companies and also a significant gold producer. Coeur will have its first full year of production this year at the world's largest pure silver mine - San Bartolome in Bolivia - and began production in March at another world-leading silver mine - Palmarejo in Mexico. The Company also operates 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 - Kensington in Alaska - and conducts exploration activities in Argentina, Chile and Mexico. 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.
My account, which I don't have, has been suspended.
A lot of profit taking place right now.
News-----
New Mines Lead to Record First Quarter Silver Production and Strong Quarterly Financial Performance
9:00a ET May 11, 2009 (Business Wire)
--65% increase in silver production to all-time company record of 3.9 million ounces
--Palmarejo silver and gold mine commenced production on-time and on-budget
--San Bartolome silver mine performed consistently during first quarter
--Operating cash flow during quarter of $6.8 million(1)
--Quarterly net income of $6.1 million, or $0.01 per share
--11% reduction in general and administrative expenses
--Consolidated cash operating costs of $5.67 per silver ounce(2)
--Total debt reduced over $100 million year-to-date
Coeur d'Alene Mines Corporation (NYSE:CDE) (TSX:CDM) (ASX:CXC) today announced an all-time first quarter production record of 3.9 million ounces of silver during the first quarter of 2009. This represents a 65% increase in silver production compared to last year's first quarter and was largely driven by new ounces of silver production from the new San Bartolome silver mine in Bolivia. In addition to this significant production growth in the first quarter, the Company commenced production at its Palmarejo silver/gold mine in Mexico. This represents the Company's second major new mine to begin production within the last nine months.
"The impact of Coeur's new mines is now beginning to be reflected in the Company's quarterly results, which we expect will lead to a 66% increase in total silver production and a 85% jump in gold production this year," said Dennis E. Wheeler, Chairman, President and Chief Executive Officer. "With the on-time and on-budget completion of Palmarejo - one of the largest new silver/gold mines in the world - Coeur's heaviest periods of capital investment in our two-year growth strategy plan are now behind us. As Palmarejo ramps up and San Bartolome continues to perform consistently, we look forward to the transition into positive and significant cash flow generation."
Palmarejo Commences Production On Schedule and On Budget
The Palmarejo silver and gold mine in northern Mexico poured its first silver and gold in late March and made its first shipment in mid-April. The mine continues to ramp up and the Company expects Palmarejo to reach full production capacity in July. Production during the reminder of 2009 is expected to reach 5.3 million ounces of silver and 72,000 ounce of gold. Average cash operating costs this year are expected to be approximately ($0.50) per ounce of silver. Capital expenditures during the first quarter totaled $65.5 million.
During the quarter, Palmarejo earned the Socially Responsible Business Distinction Award for 2008 from the Mexican Center for Philanthropy (CEMEFI) for the mine's demonstrated excellence in social responsibility during its development and construction. CEMEFI represents over 170 Mexican charitable foundations and promotes corporate social investment. The award is a national recognition of Coeur Mexicana and its ongoing contributions to the community through its strategies and policies.
Strong and Consistent Quarter of Performance at San Bartolome
The Company's San Bartolome mine in Bolivia, the world's largest pure silver mine, produced 2.1 million ounces of silver in the recent quarter at a cash operating cost of $6.74 per ounce. In 2009, the mine's first full year of production, it is expected to produce approximately 9.0 million ounces of silver at an average cash operating cost of $6.50 per ounce.
Summary of Company Liquidity
Coeur ended the first quarter with cash and equivalents of $38.1 million. During the quarter, capital expenditures totaled $78.3 million. Operating cash flow during the first quarter totaled $6.8 million(3). The Company expects full-year operating cash flow of approximately $100 million based on current prices. This expected growth in operating cash flow during the remaining three quarters of 2009 reflects the significant contribution from the new Palmarejo silver and gold mine. Between existing cash and equivalents and expected operating cash flow during the remainder of the year, the Company believes its liquidity position is sufficient.
About Coeur
Coeur d'Alene Mines Corporation is one of the world's leading silver companies and also a significant gold producer. Coeur will have its first full year of production this year at the world's largest pure silver mine - San Bartolome in Bolivia - and began production in March at another world-leading silver mine - Palmarejo in Mexico. The Company also operates 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 - Kensington in Alaska - and conducts exploration activities in Argentina, Chile and Mexico. 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.
Recent photos of projects and other information can be accessed through company website at www.coeur.com
Conference Call Information
Coeur will hold a conference call to discuss the Company's first quarter 2008 results at 1:00 p.m. Eastern time on May 11, 2009. To listen live via telephone, call (866) 853-4681 (US and Canada) or (660) 422-4718 (International). The conference ID number is 95673333. The conference call and presentation will also be webcast on the Company's web site www.coeur.com. A replay of the call will be available through May 18, 2009. The replay dial-in numbers are (800) 642-1687 (US and Canada) and (706) 645-9291 (International) and the access code is 95673333. In addition, the call will be archived for a limited time on the company's web site.
Non-GAAP Measures
We supplement the reporting of our financial information determined under generally accepted accounting principles (GAAP) with certain Non-GAAP financial measures, including cash operating costs. We believe that these adjusted measures provide meaningful information to assist management, investors and analysts in understanding our financial results and assessing our prospects for future performance. We believe these adjusted financial measures are important indicators of our recurring operations because they exclude items that may not be indicative of, or are unrelated to our core operating results, and provide a better baseline for analyzing trends in our underlying businesses. We also provide the amount of our operating cash flow to supplement our cash flow determined under GAAP. We define operating cash flow as cash flow from operations (US GAAP) less working capital changes as set forth in cash flow statement. We believe operating cash flow is an important measure in assessing the Company's overall financial performance. The following table provides a reconciliation of operating cash flow to cash provided by (used in) operating activities:
Three Months Ended March 31, 2009 2008 (In thousands) Cash provided by/(used in) operations: 1,603 (7,649 ) Subtract changes in operating assets and liabilities: Receivables and other current assets 2,653 (14,298 ) Inventories (5,162 ) 4,597 Accounts payable and accrued liabilities (2,710 ) (9,147 ) OPERATING CASH FLOW 6,822 11,119
Cautionary Statement
This press release contains forward-looking statements within the meaning of securities legislation in the United States, Canada, and Australia, including statements regarding anticipated operating results. Such statements are subject to numerous assumptions and uncertainties, many of which are outside the control of Coeur. Operating, exploration and financial data, and other statements in this presentation are based on information that Coeur believes is reasonable, but involve significant uncertainties affecting the business of Coeur, including, but not limited to, future gold and silver prices, costs, ore grades, estimation of gold and silver reserves, mining and processing conditions, construction schedules, currency exchange rates, and the completion and/or updating of mining feasibility studies, changes that could result from future acquisitions 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 filings made from time to time with the SEC, the Canadian securities regulators, and the Australian Securities Exchange, including, without limitation, Coeur's reports on Form 10-K and Form 10-Q. Actual results, developments and timetables could vary significantly from the estimates presented. Readers are cautioned not to put undue reliance on forward-looking statements. Coeur disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, Coeur undertakes no obligation to comment on analyses, expectations or statements made by first parties in respect of Coeur, its financial or operating results or its securities.
Donald J. Birak, Coeur's Senior Vice President of Exploration, is the qualified person responsible for the preparation of the scientific and technical information concerning Coeur's mineral projects in this press release. For a description of the key assumptions, parameters and methods used to estimate mineral reserves and resources, as well as a general discussion of the extent to which the estimates may be affected by any known environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant factors, please see the Technical Reports for each of Coeur's properties as filed on SEDAR at www.sedar.com.
Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this press release, such as "measured," "indicated," and "inferred" "resources," that are recognized by Canadian and Australian regulations, but that SEC guidelines generally prohibit U.S. registered companies from including in their filings with the SEC. U.S. investors are urged to consider closely the disclosure in our Form 10-K which may be obtained from us, or from the SEC's website at http://www.sec.gov/edgar.shtml
The following table presents information by mine and consolidated sales information for the three-month periods ended March 31, 2009 and 2008:
Three Months Ended March 31, 2009 2008 San Bartolome Tons milled 363,779 - Ore grade/Ag oz 6.80 - Recovery/Ag oz 85.4% - Silver production ounces 2,113,551 - Cash operating costs/oz $6.74 - Cash cost/oz $8.17 - Total cost/oz $10.62 - Martha Tons milled 27,817 8,977 Ore grade/Ag oz 31.69 74.46 Ore grade/Au oz 0.041 0.081 Recovery/Ag oz 91.7% 97.3% Recovery/Au oz 84.4% 89.9% Silver production ounces 808,007 650,636 Gold production ounces 973 654 Cash operating cost/oz $5.74 $5.98 Cash cost/oz $6.21 $6.67 Total cost/oz $7.62 $7.96 Cerro Bayo Tons milled - 91,517 Ore grade/Ag oz - 5.10 Ore grade/Au oz - 0.123 Recovery/Ag oz - 93.0% Recovery/Au oz - 90.2% Silver production ounces - 434,030 Gold production ounces - 10,129 Cash operating cost/oz - $1.25 Cash cost/oz - $1.25 Total cost/oz - $7.65 Rochester(A) Silver production ounces 469,861 680,510 Gold production ounces 2,818 5,851 Cash operating cost/oz $2.82 $(2.18) Cash cost/oz $3.36 $(1.26) Total cost/oz $4.44 $(0.24) Broken Hill Tons milled 365,193 500,970 Ore grade/Ag oz 1.47 1.04 Recovery/Ag oz 72.7% 74.3% Silver production ounces 389,410 386,481 Cash operating cost/oz $3.45 $3.72 Cash cost/oz $3.45 $3.72 Total cost/oz $5.37 $5.49 Endeavor Tons milled 166,971 247,163 Ore grade/Ag oz 1.19 1.63 Recovery/Ag oz 71.5% 56.8% Silver production ounces 141,814 228,499 Cash operating cost/oz $4.94 $2.35 Cash cost/oz $4.94 $2.35 Total cost/oz $7.52 $4.22 CONSOLIDATED PRODUCTION TOTALS Silver ounces 3,922,643 2,380,156 Gold ounces 3,791 16,634 Cash operating cost/oz $5.67 $2.07 Cash cost per oz/silver $6.61 $2.52 Total cost/oz $8.63 $4.80 CONSOLIDATED SALES TOTALS (B) Silver ounces sold 3,607,807 2,412,317 Gold ounces sold 5,096 14,762 Realized price per silver ounce $12.48 $18.45 Realized price per gold ounce $876 $965
"Operating Costs per Ounce" and "Cash Costs per Ounce" are calculated by dividing the operating cash costs and cash costs computed for each of the Company's mining properties for a specified period by the amount of gold ounces or silver ounces produced by that property during that same period. Management uses cash operating costs and cash costs per ounce as key indicators of the profitability of each of its mining properties. Gold and silver are sold and priced in the world financial markets on a U.S. dollar per ounce basis.
"Cash Operating Costs" and "Cash Costs" are costs directly related to the physical activities of producing silver and gold, and include mining, processing and other plant costs, third-party refining and smelting costs, marketing expense, on-site general and administrative costs, royalties, in-mine drilling expenditures that are related to production and other direct costs. Sales of by-product metals are deducted from the above in computing cash costs. Cash costs exclude depreciation, depletion and amortization, accretion, corporate general and administrative expense, exploration, interest, and pre-feasibility costs. Cash operating costs include all cash costs except production taxes and royalties, if applicable. Cash costs are calculated and presented using the "Gold Institute Production Cost Standard" applied consistently for all periods presented.
Total operating costs and cash costs per ounce are Non-GAAP measures and investors are cautioned not to place undue reliance on them and are urged to read all GAAP accounting disclosures presented in the consolidated financial statements and accompanying footnotes. In addition, see the reconciliation of cash costs to production costs under "Reconciliation of Non-GAAP Cash Costs to GAAP Production Costs" set forth on the following page.
The following table presents a reconciliation between Non-GAAP cash operating costs per ounce and cash costs per ounce to production costs applicable to sales including depreciation, depletion and amortization, calculated in accordance with U.S. GAAP:
THREE MONTHS ENDED MARCH 31, 2009 (In thousands except ounces and per ounce costs) San Martha Cerro Bayo Rochester Broken Hill Endeavor Total Bartolome Production of silver (ounces) 2,113,551 808,007 - 469,861 389,410 141,814 3,922,643 Cash operating costs per ounce $ 6.74 $ 5.74 $ - $ 2.82 $ 3.45 $ 4.94 $ 5.67 Cash costs per ounce $ 8.17 $ 6.21 $ - $ 3.36 $ 3.45 $ 4.94 $ 6.61 Total operating cost (Non-GAAP) $ 14,247 $ 4,635 $ - $ 1,326 $ 1,343 $ 701 $ 22,252 Royalties 3,024 384 - - - - 3,408 Production taxes - - - 254 - - 254 Total cash costs (Non-GAAP) 17,271 5,019 - 1,580 1,343 701 25,914 Add/Subtract: Third party smelting costs - (1,467 ) - - (530 ) (272 ) (2,269 ) By-product credit - 883 - 2,557 - - 3,440 Other adjustments 8 - - 35 - - 43 Change in inventory (2,091 ) 35 1,211 535 (28 ) (73 ) (411 ) Depreciation, depletion and amortization 5,173 1,140 - 470 747 366 7,896 Production costs applicable to sales, including depreciation, $ 20,361 $ 5,610 $ 1,211 $ 5,177 $ 1,532 $ 722 $ 34,613 depletion and amortization (GAAP)
THREE MONTHS ENDED MARCH 31, 2008 (In thousands except ounces and per ounce costs) Martha Cerro Bayo Rochester Broken Hill Endeavor Total Production of silver (ounces) 650,636 434,030 680,510 386,481 228,499 2,380,156 Cash operating cost per ounce $ 5.98 $ 1.25 $ (2.18 ) $ 3.72 $ 2.35 $ 2.07 Cash costs per ounce $ 6.67 $ 1.25 $ (1.26 ) $ 3.72 $ 2.35 $ 2.52 Total Operating Cost (Non-GAAP) $ 3,890 $ 544 $ (1,481 ) $ 1,436 $ 537 $ 4,926 Royalties 450 - - - - 450 Production taxes - - 626 - - 626 Total operating costs (Non-GAAP) $ 4,340 $ 544 $ (855 ) $ 1,436 $ 537 $ 6,002 Add/subtract: Third party smelting costs (374 ) (1,245 ) - (678 ) (310 ) (2,607 ) By-product credit 612 9,465 5,393 - - 15,470 Other adjustments 354 - 102 - - 456 Change in inventory (1,576 ) (708 ) 8,150 (73 ) 171 5,964 Depreciation, depletion and amortization 837 2,778 590 684 427 5,316 Production costs applicable to sales, including depreciation, $ 4,193 $ 10,834 $ 13,380 $ 1,369 $ 825 $ 30,601 depletion and amortization (GAAP)
COEUR D'ALENE MINES CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Unaudited) March 31, December 31, 2009 2008 ASSETS (In thousands) CURRENT ASSETS Cash and cash equivalents $ 38,146 $ 20,760 Short-term investments - 7,881 Receivables 47,313 53,187 Ore on leach pad 8,827 9,193 Metal and other inventory 40,624 34,846 Deferred tax assets - 240 Prepaid expenses and other 29,668 26,344 164,578 152,451 PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment 559,780 500,025 Less accumulated depreciation (93,109 ) (88,717 ) 466,671 411,308 MINING PROPERTIES Operational mining properties 294,858 293,564 Less accumulated depletion (134,558 ) (131,730 ) 160,300 161,834 Mineral interests 1,764,794 1,764,794 Less accumulated depletion (18,395 ) (16,796 ) 1,746,399 1,747,998 Non-producing and development properties 395,594 356,912 2,302,293 2,266,744 OTHER ASSETS Ore on leach pad, non-current portion 20,749 20,998 Restricted assets 23,146 23,110 Receivables, non-current 36,533 34,139 Debt issuance costs, net 8,994 10,253 Deferred tax assets 4,976 4,666 Other 4,344 4,452 98,742 97,618 TOTAL ASSETS $ 3,032,284 $ 2,928,121
COEUR D'ALENE MINES CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Unaudited) March 31, December 31, 2009 2008 (In thousands, except share data) LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable $ 77,910 $ 66,300 Accrued liabilities and other 32,641 64,673 Accrued income taxes 3,451 927 Accrued payroll and related benefits 6,492 8,106 Accrued interest payable 1,223 4,446 Current portion of capital lease obligations 11,357 14,608 Current portion of royalty obligation 14,812 - Current portion of reclamation and mine closure 1,984 1,924 149,870 160,984 LONG-TERM LIABILITIES Senior Secured Floating Rate Convertible Notes due 2012 - 1,830 3 1/4% Convertible Senior Notes due March 2028 173,751 185,001 1 1/4% Convertible Senior Notes due January 2024 157,850 180,000 Non-current portion of royalty obligation 77,454 - Non-current portion of capital lease obligations 15,938 16,837 Reclamation and mine closure 34,301 34,093 Deferred income taxes 556,006 557,449 Other long-term liabilities 5,933 6,015 1,021,233 981,225 COMMITMENTS AND CONTINGENCIES SHAREHOLDERS' EQUITY Common Stock, par value $1.00 per share; authorized 750,000,000, 685,056 567,799 685,056,209 shares issued at March 31, 2009 and 567,799,088 shares issued at December 31, 2008 Additional paid-in capital 1,590,030 1,651,256 Accumulated deficit (413,900 ) (419,958 ) Shares held in treasury (758 shares at March 31, 2009 and 1,059,211 (9 ) (13,190 ) shares at December 31, 2008) Accumulated other comprehensive income 4 5 1,861,181 1,785,912 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 3,032,284 $ 2,928,121
COEUR D'ALENE MINES CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited) Three Months Ended March 31, 2009 2008 REVENUES Sales of metal $ 49,793 $ 57,286 COSTS AND EXPENSES Production costs applicable to sales 26,717 25,285 Depreciation and depletion 9,279 5,663 Administrative and general 7,548 8,524 Exploration 3,827 3,742 Care and maintenance and other 1,526 - Pre-development - 5,785 Total cost and expenses 48,897 48,999 OPERATING INCOME 896 8,287 OTHER INCOME AND EXPENSE Unrealized gain on debt extinguishments 15,703 - Unrealized loss on derivatives (9,246 ) - Interest and other income 887 1,331 Interest expense, net of capitalized interest (765 ) (821 ) Total other income and expense 6,579 510 Income before income taxes 7,475 8,797 Income tax provision (1,417 ) (4,076 ) NET INCOME 6,058 4,721 Other comprehensive income (loss) (1 ) 712 COMPREHENSIVE INCOME $ 6,057 $ 5,433 BASIC AND DILUTED INCOME PER SHARE Basic income per share: Net income $ 0.01 $ 0.01 Diluted income per share: Net income $ 0.01 $ 0.01 Weighted average number of shares of common stock Basic 611,452 549,965 Diluted 611,595 574,798
COEUR D'ALENE MINES CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) Three Months Ended March 31, 2009 2008 (In Thousands) CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 6,058 $ 4,721 Add (deduct) non-cash items: Depreciation and depletion 9,279 5,663 Deferred income taxes (1,514 ) (928 ) Unrealized gain on debt extinguishment (15,703 ) - Unrealized loss (gain) on derivatives 6,802 (1,174 ) (Gain) on foreign currency transactions (66 ) 1,211 Share based compensation 1,703 1,591 Other charges 263 115 Changes in operating assets and liabilities: Receivables and other current assets 2,653 (14,298 ) Inventories (5,162 ) 4,597 Accounts payable and accrued liabilities (2,710 ) (9,147 ) CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 1,603 (7,649 ) CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of investments (7,358 ) (91,679 ) Proceeds from sales of investments 15,252 51,799 Capital expenditures (78,314 ) (64,509 ) Other (142 ) 51 CASH USED IN INVESTING ACTIVITIES (70,562 ) (104,338 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from sale of gold production royalty 75,000 - Proceeds from issuance of convertible notes 20,368 230,000 Repayment of long-term debt and capital leases (8,950 ) (2,488 ) Payments of debt issuance costs - (8,385 ) Proceeds from short-term borrowings - 703 Common stock repurchased (73 ) (372 ) Other - 36 CASH PROVIDED BY FINANCING ACTIVITIES: 86,345 219,494 INCREASE IN CASH AND CASH EQUIVALENTS 17,386 107,507 Cash and cash equivalents at beginning of period 20,760 98,671 Cash and cash equivalents at end of period $ 38,146 $ 206,178
SOURCE: Coeur d'Alene Mines Corporation
Coeur d'Alene Mines Corporation Karli Anderson, 208-665-0345 (Investors) Director of Investor Relations or Tony Ebersole, 208-665-0777 (Media) Director of Corporate Communications
I'm not seeing much resistance at 1.60
I have looked and looked but cannot find any news. If you can find it once again, it would be appreciated if you could than post it here.
Tons of 1.25 going through but level two is not changing to reflect it! What the ??????
You right about this being good news! No if they can just follow through with the actual signing.
What news release? In the know or just predicting?
IPO Scorecard: Update On Selected Initial Stock OfferingsLast update: 4/15/2009 2:39:27 PM
Company Symbol Percent Current Offer Date
Changyou.com Limited CYOU 70% $27.14 $16.00 3-Apr
Visa Inc. V 31% $57.80 $44.00 19-Mar
Grand Canyon Education LOPE 22% $14.68 $12.00 20-Nov
Mead Johnson Nutrition Co. MJN 10% $26.50 $24.00 10-Feb
Bridgepoint Education Inc. BPI 6% $11.10 $10.50 15-Apr
Hatteras Financial Corp HTS 1% $24.15 $24.00 25-Apr
Western Gas Partners WES -8% $15.25 $16.50 8-May
Heritage-Crystal Clean HCCI -13% $9.95 $11.50 12-Mar
Pioneer Southwest Energy PSE -15% $16.15 $19.00 30-Apr
American Water Works AWK -17% $17.92 $21.50 22-Apr
Energy Recovery ERII -18% $6.98 $8.50 2-Jul
RackSpace Hosting Inc. RAX -30% $8.75 $12.50 7-Aug
Intrepid Potash IPI -31% $22.00 $32.00 21-Apr
Fifth Street Finance FSC -50% $7.11 $14.12 11-Jun
Pansoft Company PSOF -64% $2.50 $7.00 9-Sep
Navios Maritime Acquisition NM -72% $2.85 $10.00 25-Jun
RHI Entertainment RHIE -79% $3.00 $14.00 17-Jun
Safe Bunkers Inc. SB -80% $3.85 $19.00 28-May
Real Goods Solar RSOL -82% $1.78 $10.00 8-May
(END) Dow Jones NewswiresApril 15, 2009 14:39 ET (18:39 GMT)
I've already posted the news for DNDN, it's going to explode when it begins trading again. Conference call at 8:00.
Haven't seen news yet, but something is happening suddenly! Pre-market already showing 425,000+ shares traded.
PROVENGE Significantly Prolongs Survival in Men With Advanced Prostate Cancer in Pivotal Phase 3 IMPACT Study
Last update: 4/14/2009 8:30:00 AM-- Study Meets Primary Endpoint Showing Statistically Significant Improvement in Overall Survival - -- First Active Immunotherapy for Cancer to Prolong Survival - -- Full Data to be Presented at Plenary Session at Upcoming AUA Annual Meeting - -- Company to Host a Conference Call Today at 9:00 AM ET - SEATTLE, April 14, 2009 /PRNewswire-FirstCall via COMTEX/ -- Dendreon Corporation (DNDN) announced today that the pivotal Phase 3 IMPACT study of PROVENGE(R) (sipuleucel-T) in men with advanced prostate cancer met its primary endpoint of improving overall survival compared to a placebo control. The magnitude of the survival difference observed in the intent to treat population resulted in the study successfully achieving the pre-specified level of statistical significance defined by the study's design. The safety profile of PROVENGE appeared to be consistent with prior trials. The 512-patient, multi-center, randomized, double-blind, placebo-controlled IMPACT (IMmunotherapy for Prostate AdenoCarcinoma Treatment) study enrolled men with metastatic androgen-independent prostate cancer was conducted under a Special Protocol Assessment agreement with the U.S. Food and Drug Administration (FDA). PROVENGE is Dendreon's investigational product candidate for men with advanced prostate cancer and may represent the first in a new class of active cellular immunotherapies specifically designed to engage the patient's own immune system against cancer. Detailed results from the IMPACT study will be presented during a plenary session at the American Urological Association's Annual Meeting in Chicago on Tues., Apr. 28 at 2:20 pm CT. "Survival is the gold standard outcome for oncology clinical trials, and overall survival was the primary endpoint of the IMPACT trial. The positive results from this landmark study provide confirmatory evidence demonstrating that treatment with PROVENGE may prolong survival," said Mitchell H. Gold, M.D., president and chief executive officer of Dendreon. "We are immensely grateful to our clinical investigators and the more than 1,000 men with advanced prostate cancer who have participated in our studies over the last decade and whose courage and contribution have significantly advanced the understanding and treatment of prostate cancer and the potential role of cancer immunotherapies." "The successful outcome from the Phase 3 IMPACT study provides validation of the long-pursued goal of harnessing the human immune system against a patient's own cancer," continued Dr. Gold. Because the data meet the criteria and specifications outlined in its Special Protocol Assessment (SPA) agreement with the FDA, Dendreon intends to file an amendment to its existing Biologic License Application (BLA) in the fourth quarter of this year to gain licensure of PROVENGE. Prostate cancer is the most common non-skin cancer in the United States and the third most common cancer worldwide. More than one million men in the United States have prostate cancer, with an estimated 186,320 new cases and approximately 28,660 men who were expected to die from the disease in 2008. Currently there are limited treatment options for men with advanced, metastatic prostate cancer. Conference Call Scheduled for Today at 9:00 a.m. ET Dendreon will host a conference call today at 9:00 a.m. ET. To access the live call, dial 1-877-419-6594 (domestic) or 719-325-4855 (international). The call will also be audio webcast and will be available from the Company's website at under the "Investor/Webcasts and Presentations" section. A recorded rebroadcast will be available for interested parties unable to participate in the live conference call by dialing 1-888-203-1112 (domestic) or 719-457-0820 (international); the conference ID number is 8182435. The replay will be available from 12:00 p.m. ET on April 14, 2009 until midnight April 16, 2009. In addition, the webcast will be archived for on-demand listening for 30 days at . About PROVENGE PROVENGE (R) (sipuleucel-T), an investigational product in development for men with androgen-independent prostate cancer, may represent the first product in a new class of active cellular immunotherapies (ACIs). PROVENGE and other ACIs are uniquely designed to use live human cells to engage the patient's own immune system with the goal of eliciting a specific long-lasting response against cancer. In controlled clinical trials, the most common adverse events were chills, fever, headache, fatigue, shortness of breath, vomiting and tremor. These events were primarily low grade with a short duration of 1-2 days following infusion. About Dendreon Dendreon Corporation is a biotechnology company whose mission is to target cancer and transform lives through the discovery, development and commercialization of novel therapeutics. The Company applies its expertise in antigen identification, engineering and cell processing to produce active cellular immunotherapy product candidates designed to stimulate an immune response. Dendreon is also developing an orally-available small molecule that targets TRPM8 that could be applicable to multiple types of cancer as well as benign prostatic hyperplasia. The Company has its headquarters in Seattle, Washington and is traded on the Nasdaq Global Market under the symbol DNDN. For more information about the Company and its programs, visit . Except for historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties surrounding the efficacy of PROVENGE to treat men suffering from prostate cancer, risks and uncertainties surrounding the presentation of data to the FDA and approval of product applications by the FDA and risks and uncertainties inherent in the process of discovering, developing and commercializing drugs that are safe and effective for use as human therapeutics. Factors that may cause such differences include risks related to our limited operating history, risks associated with completing our clinical trials, the risk that the safety and/or efficacy results of existing clinical trials or from additional clinical trials for PROVENGE will not support approval for a biologics license, the risk that the FDA may interpret data differently than we do or require more data or a more rigorous analysis of data than expected, the risk that the FDA will not approve a product for which a biologics license has been applied, the risk that the results of a clinical trial for PROVENGE or other product may not be indicative of results obtained in a later clinical trial, risks that we may lack the financial resources and access to capital to fund required clinical trials or commercialization of PROVENGE, our dependence on the efforts of third parties, and our dependence on intellectual property. Further information on the factors and risks that could affect Dendreon's business, financial condition and results of operations are contained in Dendreon's public disclosure filings with the U.S. Securities and Exchange Commission, which are available at . SOURCE Dendreon Corporation
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What will normal hours bring if pre-market is causing this to sky rocket?
For the first time in a lo-o-o-o-o-ng time, the ASK is about .0001
KU 2-0, Mizzu (unfortunetly) 2-0....
Go BIG 12!!!!
Environmental Power: Auditor To Report Going Concern DoubtLast update: 3/11/2009 12:26:21 PMDOW JONES NEWSWIRES
Environmental Power Corp. (EPG) said Wednesday its auditor will report substantial doubt about the company's ability to continue as a going concern. The company must raise "substantial" outside capital "in the very near future to avoid curtailing or ending our business operations," it said in a filing with the Securities and Exchange Commission Environmental Power said it is "aggressively pursuing capital from a number of sources," and hopes to obtain the financing required by the end of the first half of 2009. Environmental Power included the disclosure in a prospectus for an offering of $5 million in convertible notes. The company said there can be no assurance that the necessary financing will be available on reasonable terms or in a timely fashion, particularly in the current economic environment, in which capital-raising activities are especially challenging. The amount of funds raised, the company said, will determine the level of development and construction activity it can pursue and whether it will be able to continue as a going concern. Shares of the Tarrytown, N.Y.-based developer, owner, and operator of renewable energy production facilities traded Wednesday morning at 48 cents, down 2 cents. -Brian Kalish; Dow Jones Newswires; 202-862-1350; brian.kalish@dowjones.com (END) Dow Jones NewswiresMarch 11, 2009 12:26 ET (16:26 GMT)
Please provide feedback after you talk, it would be appreciated.
Upticks on the Bid with no sales.... Who will be the first to bite at the Ask?
And on 1000 shares!
.0075 on the ask.. YES!
Thanks, and it's good to see it continue upward.
That spread is definitely keeping CCAJ at bay today. Anyone have L2 that they can post?