Coeur d'Alene considers options for US silver/gold mine

Cujo, Mittwoch, 30.01.2008, 00:40 (vor 6571 Tagen) @ MI

Published: 29 Jan 08 - 23:32
Precious-metals miner Coeur d'Alene Mines is “reviewing strategic alternatives”, including a possible disposal, for its Rochester silver and gold mine, in Nevada, US, the firm said on Tuesday.

While the mine's low costs and exploration potential were attractive, the group wanted to focus on its larger, longer-life silver projects in Mexico and South America, president and CEO Dennis Wheeler said in a statement.

Rochester produced about 5,1-million ounces of silver and nearly 72 000 ounces of gold in 2006, according to the company's website.

Coeur d'Alene Mines operates two underground mines, in Chile and Argentina, as well as the Rochester surface mine.

It is developing the San Bartolome silver mine in Bolivia, and recently took control of the Palmajero project in Mexico, where it is building a two-million ton a year processing plant capable of producing 12-million ounces of silver and 110 000 oz/y of gold.

http://www.miningweekly.co.za/article.php?a_id=125606