Zeev's Turnips Patch-No Politics (ZEEV)

[basserdan]

*** Gold related post (WHT/CDE) ***

See the good thing that happens when you voted "NO?" <vbg>


Coeur to Allow Wheaton River Offer to Expire
Tuesday September 28, 7:03 pm ET
Postpones Special Shareholder Meeting

COEUR D'ALENE, Idaho, Sept. 28 /PRNewswire-FirstCall/ -- Coeur d'Alene Mines Corporation (NYSE: CDE - News) today announced that it expects to allow its tender offer to acquire all of the outstanding shares of Wheaton River Minerals Ltd. (TSX: WRM - News; Amex: WHT - News) to expire at 5:00 pm EST on September 30, 2004. The Company does not expect its current offer to meet the condition that 66 2/3% of outstanding Wheaton River shares be tendered into the offer.

Dennis E. Wheeler, Chairman and Chief Executive Officer of Coeur d'Alene, said, "Further increasing the consideration payable under the present offer terms would not be in the best interest of our Coeur shareholders. We greatly appreciate the strong support we have received from our shareholders, as well as the support from many Wheaton River shareholders. We also appreciate that Institutional Shareholder Services, an independent advisory firm, supported our proposals and recognized the strategic and financial merits of this combination."

"Coeur will continue with its plans to grow shareholder value," continued Mr. Wheeler. "We expect to make construction decisions on our two development projects - the San Bartolome silver project and the Kensington gold project - by the end of the year. In addition, we remain focused on reducing costs at our existing operations and pursuing both internal and select external growth opportunities."

Assuming the minimum tender condition is not met, Coeur intends to return any shares tendered pursuant to the offer promptly after the expiration of the offer in accordance with applicable law. Coeur also announced that it will postpone indefinitely the Special Meeting of Coeur Shareholders previously scheduled for 11:00 am local time on September 30, 2004.

Coeur d'Alene Mines Corporation is the world's largest primary silver producer, as well as a significant, low-cost producer of gold. The Company has mining interests in Nevada, Idaho, Alaska, Argentina, Chile and Bolivia.

http://biz.yahoo.com/prnews/040928/nytu192_1.html