Coeur Strengthens Management Team in South America and Alaska
Monday October 22, 8:55 am ET
San Bartolome and Kensington Growth Projects Prepare for Operations and Production
COEUR D'ALENE, Idaho--(BUSINESS WIRE)--
Coeur d’Alene Mines Corporation (NYSE:CDE - News) (TSX:CDM - News) today announced the appointment of key personnel at its growth projects, San Bartolomé, Bolivia silver mine and Kensington, Alaska gold mine.
Both mines are progressing toward the operations and production phase of development.
“We are very pleased to announce that our San Bartolomé silver mine and Kensington gold mine have almost completed construction and are moving toward the operations and production phase,” said Dennis E. Wheeler, Chairman, President and Chief Executive Officer.
“In tandem with this, Coeur has significantly strengthened its operations management team to secure the company’s position as it moves to its next level of strategic growth.
Production at San Bartolomé remains on schedule to begin producing nine million ounces of silver annually, beginning in February.
Additionally, construction at Kensington is over 90% complete and the process plant and ancillary construction activities, including pre-operational testing, are fully complete.”
San Bartolomé, Bolivia
At San Bartolomé, Rick Irvine has been appointed General Manager for the mine in Potosi, Bolivia.
Rick recently joined Coeur and Empresa Minera Manquiri, Coeur’s Bolivian subsidiary.
He has 17 years of mining experience in Canada, Argentina, Chile, Honduras, Nicaragua, as well as Bolivia.
Rick was most recently Operations Manager at the Manantial Espejo development project in Argentina.
He was also previously Vice President and Chief Operating Officer of Apogee Minerals.
As San Bartolomé moves toward its expected February 2008 startup, over 1,600 personnel on site at the project have surpassed 2 million man hours without a lost time accident.
All major construction contracts have been awarded for the project, with engineering 100% complete, and procurement of equipment and materials 98% complete.
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