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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 (363)	12/5/2001 1:31:40 AM
From: Robert J Mullenbach	Read Replies (1) \| Respond to of 621

$$$ NEWS $$ Coeur Signs U.S. Trade and Development Agency Grant to Complete San Bartolome Feasibility Study XXXXXXXXXXX Not dead yet, still trading CDE even if hits BB. I see Campbell Resources Did. COEUR D'ALENE, Idaho--(BUSINESS WIRE)--Dec. 4, 2001--Coeur d'Alene Mines Corporation (NYSE:CDE - news) today announced the formal signing of a U.S. Trade and Development Agency (``TDA'') grant to complete a final feasibility study at its San Bartolome silver project near Potosi, Bolivia. The signing ceremony which took place at the Bolivian Embassy to the United States in Washington, D.C. earlier today was attended by Carlos Kempff, Bolivian Minister of Economic Development, the Regional Director for Latin America and the Caribbean of the TDA and representatives of Coeur. Coeur's wholly-owned Bolivian subsidiary, Empresa Minera Manquiri S.A. (``EMMSA'') has been awarded a grant of $760,000 from the TDA to help fund the cost of the feasibility study which is scheduled for completion in the first quarter of 2002. In addition to verifying the pre-feasibility work already completed, the feasibility study is focusing on a number of previously identified optimization opportunities. The Company anticipates that these opportunities could significantly reduce project risk and improve economic returns, particularly the following: * The recent acquisition of additional exploration and mining rights adjacent to the Company's San Bartolome project. These areas are currently being evaluated and could lead to a significant increase in the 122 million ounce silver resource defined to date, much of which Coeur expects to be upgraded to proven and probable reserves as a result of the final feasibility study. * Coeur has signed a water supply agreement for the project at very competitive rates, below pre-feasibility study estimates. In addition, the Company is currently pursuing an electrical supply agreement with anticipated similar results. * Special tax incentives available in the Potosi region of Bolivia, such as lower value added taxes (``VAT'') and import duties, could reduce project working capital requirements by as much as $6 million. Dennis E. Wheeler, Chairman, President and Chief Executive Officer of the Company said: ``We have come a long way with our San Bartolome silver project. When Coeur first acquired San Bartolome in late 1999, the project was little more than an exploration property. Since that time, Coeur geologists and engineers have done an outstanding job to develop it into a first class silver project. We are also working on ways to further enhance project economics including further optimization of the flow sheet design, studying an alternative tailings facility which could reduce capital costs and possible opportunities to acquire mining rights to additional reserves and resources.'' ``Furthermore, we have received tremendous support from the Bolivian Government at all levels. I have recently been informed that by administrative ruling the San Bartolome silver project will indeed fall into the Potosi tax regime and therefore qualify for that region's special tax incentive programs.'' 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 Michael A. Steeves, 208/769-8155 biz.yahoo.com