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Army Corps of Engineers Reactivates Permit at Coeur's Kensington Gold Mine, Clearing Way for Expected 2010 Production StartLast update: 8/17/2009 9:00:03 AMCOEUR D'ALENE, Idaho, Aug 17, 2009 (BUSINESS WIRE) --
Coeur d'Alene Mines Corporation (CDE) (CA:CDM) (ASX:CXC) today announced that the U.S. Army Corps of Engineers has reactivated the 404 permit for Coeur's Kensington Gold Mine located 40 miles northwest of Juneau, Alaska. With approximately 90% of the mine already complete, the Company will immediately begin to finalize construction of the remaining areas of the operation. "There is an extensive list of groups and individuals to thank for their efforts and continued support of Kensington. The Company looks forward to getting back to accomplishing the main objective, which is to construct and operate a world-class gold mine that all stakeholders will be proud of," said Dennis E. Wheeler, Chairman, President and Chief Executive Officer of Coeur. "Kensington represents Coeur's third new mine in the past two years. This transformation to these large, long-life mines will continue to provide shareholders with further growth in production and cash flow." 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 a non-operating interest in a low-cost mine 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.
