Equity Alert on CDE,
follows below.
Coeur Achieves Compliance With All New York Stock Exchange Listing Requirements; NYSE Issues Company Certificate of Good Standing
COEUR D'ALENE, Idaho, Jun 25, 2002 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (NYSE:CDE) announced today that the New York Stock Exchange ("NYSE") has removed the company from its "Watch List" and now considers Coeur a "company in good standing" in relation to the NYSE's continued listing standards.
Coeur was first advised by the NYSE in November 2000 that the company was not in compliance with its continued listing standards.
Dennis E. Wheeler, Coeur's Chairman, President and Chief Executive Officer, commented, "We have been executing our turnaround plan over the past twelve months, and we are thrilled that this 'New Coeur' has once again placed the company in good standing with the NYSE. Our turnaround plan has resulted in a significantly strengthened balance sheet, strong increases in our silver production, and dramatic reductions in our operating costs. Our NYSE listing provides investors with a highly liquid way of participating in this unfolding story and in strengthening silver and gold prices. We look forward to maintaining our strong relationship with the Exchange."
Coeur d'Alene Mines Corporation is the country's largest silver producer, as well as a significant producer of gold. The Company has mining interests in Nevada, Idaho, Alaska, Argentina, Chile and Bolivia.
CONTACT: Coeur d'Alene Mines Corporation
Mitchell J. Krebs, 208/769-8155
URL: businesswire.com |
