Coeur to commence Kensington operations in July

Posted: Wednesday, April 28, 2010

COEUR D'ALENE, Idaho - Coeur d'Alene Mines Corp., owner of the Kensington gold mine northwest of Juneau, announced plans to commence mining operations in July at the Kensington gold mine.

The company earlier said it would begin mining again in the third quarter.

Mild winter weather helped crews keep construction on schedule and on-budget, the company said in a statement.

Partial first-year production will be about 50,000 ounces of gold.

The tailings line from the mill to the tailings facility is installed, and blasting activities will take place along the Kensington vein this month.

The 120-bed camp is complete and fully occupied.

Coeur in the first quarter also is optimizing silver recoveries at Palmarejo silver/gold mine in Mexico, and is obtaining access to important mining areas at San Bartolomé silver mine in Bolivia, company chairman, president and CEO Dennis E. Wheeler said.

"We believe that, along with a continued positive silver and gold price environment, Coeur is expected to achieve a record year in terms of revenues and cash flows for its shareholders," he said.

The company will release first-quarter earnings on May 10.

Hecla Mining Co., also of C'ouer d'Alene, Idaho, and owner of Greens Creek Mine on Admiralty Island, announces its first-quarter earnings today.

Trending this week:


© 2018. All Rights Reserved.  | Contact Us