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Gold/Mining/Energy : Coeur d'Alene Mining (CDE) -- Ignore unavailable to you. Want to Upgrade?

To: Robert J Mullenbach who wrote (362)	11/28/2001 2:33:06 PM
From: Robert J Mullenbach	Read Replies (1) \| Respond to of 621

Coeur Signs Exploration Agreement With Barrick Gold Corporation COEUR D'ALENE, Idaho--(BUSINESS WIRE)--Nov. 28, 2001--Coeur d'Alene Mines Corporation (NYSE:CDE - news) announced today that it has signed an exploration agreement with Barrick Gold Corporation covering Coeur's Puchuldiza gold property located approximately 155 miles northeast of the port city of Iquique in northern Chile. Under the terms of the agreement, Barrick can earn a 75 percent interest in the property for exploration expenditures of $2.25 million over the next five years. For an additional $5.75 million in exploration spending, Barrick can increase its property interest to 85 percent. Coeur, however, can recover its full 25 percent interest by making a cash payment to Barrick equivalent to 25 percent of Barrick's additional expenditure of $5.75 million, plus a 50 percent penalty. Puchuldiza is considered to be geologically unique in Chile in that it appears to be a large epithermal hot spring deposit in a setting very similar to other high-grade gold deposits in the USA, New Zealand and Japan. Gold mineralization can be found throughout the property in systems of veins, veinlets and stockworks developed in breccias and silicified zones. Geologic resource estimates calculated to date at Puchuldiza range from 492,000 ounces of gold to 983,000 ounces of gold depending on various cut-off grades and price assumptions. Coeur believes that there is considerable potential to expand the current near-surface resource. In addition, preliminary work has indicated the possible existence of a large high-grade feeder system at depth underlying the near-surface mineralization. Dennis E. Wheeler, Chairman, President and Chief Executive Officer of the Company said, ``We are very pleased to be associated with Barrick Gold Corporation, one of the world's largest gold producers, in this very promising project.'' Coeur d'Alene Mines Corporation is a leading international low-cost primary silver producer, as well as a significant producer of gold. The Company has mining interests in Nevada, Idaho, Alaska, Chile and Bolivia. This document contains numerous forward-looking statements relating to the Company's silver and gold mining business and financial condition. The United States Private Securities Litigation Reform Act of 1995 provides a ``safe harbor'' for certain forward-looking statements. Operating, exploration and financial data, and other statements in this document are based on information the company believes reasonable, but involve significant uncertainties as to future gold and silver prices, costs, ore grades, estimation of gold and silver reserves, mining and processing conditions, changes that could result from the Company's future acquisition of new mining properties or businesses, the risks and hazards inherent in the mining business (including environmental hazards, industrial accidents, weather or geologically related conditions), regulatory and permitting matters, and risks inherent in the ownership and operation of, or investment in, mining properties or businesses in foreign countries. Actual results and timetables could vary significantly from the estimates presented. Readers are cautioned not to put undue reliance on forward-looking statements. The Company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or otherwise. Contact: Coeur d'Alene Mines Corporation