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Coeur d'Alene Mines Corporation Reports On Status of New York Stock
Exchange Listing
COEUR D'ALENE, Idaho, Dec 13, 2001 (BUSINESS WIRE) -- Coeur d'Alene Mines
Corporation (NYSE:CDE) announced today that because the market price of its
common stock has been less than $1.00 per share for a period in excess of 30
consecutive trading days, the New York Stock Exchange (NYSE) notified the
Company that it had fallen below the Exchange's share price continued listing
standard.
The Exchange's rules allow the curing of the share price deficiency by the later
of six months following the Company's receipt of the Exchange notification of
the deficiency or promptly after the Company's next annual meeting of
shareholders if shareholder approval of an action relating to the deficiency is
to be taken.
Earlier this year, because of the Company's noncompliance with the NYSE's total
market capitalization and shareholders' equity continued listing standards, the
Company submitted a business plan to the Exchange setting forth its plan to
effect compliance with those continued listing standards by May 27, 2002. That
plan, which was approved by the NYSE, has been periodically monitored by the
Exchange.
Coeur d'Alene Mines Corporation is a leading international low-cost primary
silver producer, as well as a significant international producer of gold. The
Company has mining interests in Nevada, Idaho, Alaska, Chile and Bolivia.
CONTACT: Coeur d'Alene Mines Corporation
Investor Relations
Michael A. Steeves, 208/769-8155
URL: businesswire.com
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