Profile: Coeur d Alene Mines Corporation (CDE)
14.10USD
9 Feb 2010
$0.55 (+4.06%)
$14.10
--
$14.93
$13.52
3,940,223
3,281,709
$24.86
$5.50
Coeur d’Alene Mines Corporation (Coeur) is a silver producer with gold assets located in North America. The Company through its subsidiaries is engaged in the operation and/or ownership, development and exploration of silver and gold mining properties and companies located primarily within South America (Chile, Argentina and Bolivia), Mexico (Chihuahua), United States (Nevada and Alaska) and Australia (New South Wales). Coeur either directly or through wholly owned subsidiaries, owns, leases and has interests in certain exploration-stage mining properties located in the United States, Chile, Argentina, Bolivia, Mexico and Tanzania.
Coeur owns, either directly or indirectly, 100% of Empresa Minera Manquiri S.A. (Manquiri), a company that controls the mining rights for the San Bartolomé mine. Coeur owns, either directly or indirectly, 100% of the capital stock of Coeur Argentina S.R.L., which owns and operates the underground high-grade silver Martha mine located in Santa Cruz, Argentina. Coeur owns 100% of the Cerro Bayo mine in southern Chile, which comprises a high-grade gold and silver underground mine and processing facilities. The Company owns 100% of the Kensington property, located north of Juneau, Alaska, which is a development-stage underground gold property.
Silver and Gold Mining Properties
The San Bartolome open pit silver mine, operated by Empressa Minera Manquiri SA (Manquiri), a wholly owned subsidiary of the Company, is located on the flanks of the Cerro Rico Mountain bordering the town of Potosi, Bolivia. The mineral rights for the San Bartolome mine are held through joint venture and long-term lease agreements with several independent mining cooperatives and the Bolivian State Mining Company (COMIBOL). Coeur acquired 100% of Manquiri from Asarco Incorporated (ASARCO). Manquiri’s principal asset is the mining rights to the San Bartolome mine. The Martha mine is an underground silver and gold mine owned and operated by Coeur Argentina S.R.L., a wholly owned subsidiary of the Company, which is located in the Santa Cruz Province of southern Argentina. The mineral rights for the Martha property are fully-owned by Coeur Argentina S.R.L., totaling 195 square miles (50,623 hectares) of exploration concessions (claims), 86.4 square miles (22,377 hectares) of discovery concessions, and 0.54 square miles (142 hectares) of exploitation concessions.
The Cerro Bayo District is located south of Coyhaique, the capital of Region XI in southern Chile, and due west of the town of Chile Chico. The mineral rights for the Cerro Bayo property are fully-controlled by Compania Minera Cerro Bayo Ltd. (CMCB), a wholly-owned subsidiary of the Company. The Company also controls several other concessions southeast of the Cerro Bayo District. The Rochester Mine is an open pit silver and gold mine located in Pershing County, Nevada, which is located approximately 25 paved and all-weather gravel road miles northeast of the town of Lovelock. The Company owns 100% of the Rochester Mine by virtue of its 100% ownership of its subsidiary, Coeur Rochester, Inc. (Coeur Rochester). The mine consists of the main Rochester deposit and the adjacent Nevada Packard deposit, due south of Rochester.
The Endeavor Mine, an underground silver and base metal mine, is located in north central New South Wales, Australia. The ore reserves at Endeavor are covered by five Consolidated Mining Leases issued by the state of New South Wales to Cobar Operations Pty. Limited (Cobar), a wholly owned subsidiary of CBH Resources Ltd. (CBH). The Broken Hill Mine, an underground lead, zinc and silver mine, is located in western New South Wales, Australia. The ore reserves at Broken Hill are covered by nine Consolidated Mining Leases issued by the state of New South Wales to Perilya Broken Hill Ltd. (PBH).
Silver and Gold Development Properties
The Palmarejo project is being built as an open-pit and underground silver and gold mine and ore processing facility, located in the state of Chihuahua in northern Mexico. The Company’s property position at Palmarejo consists of 32 mining concessions totaling 46.9 square miles (12,141 hectares). Of the total concessions, 23 concessions consisting of 46.1 square miles (11,949 hectares) are owned 100% by Coeur Mexicana S.A. de C.V. (Coeur Mexicana), formerly Planet Gold S.A. de C.V. (a wholly owned subsidiary of the Company), and the remaining nine concessions, representing 0.74 square miles (191.96 hectares) are held by Coeur Mexicana under various agreements and leases. The Kensington underground gold project, consisting of the Kensington and adjacent Jualin properties, is located on the east side of the Lynn Canal about 45 miles north-northwest of Juneau, Alaska. Coeur Alaska, Inc., a wholly owned subsidiary of the Company (Coeur Alaska), controls two contiguous land groups: the Kensington and Jualin.
Company Address
Coeur d Alene Mines Corporation
505 Front Avenue
Coeur d'Alene ID 83814
P: +1208.6673511
F: +1208.6672213
Company Web Links
| Name | Compensation |
|---|---|
| Wheeler, Dennis | 2,245,160 |
| Krebs, Mitchell | 646,635 |
| Rada, Humberto | -- |
| Angelos, Thomas | -- |
| Kast, Kelli | -- |





