Two New Directors Elected to Coeur D'alene Mines Corporation at 2005 Annual Meeting
May 10 2005 - 7:24PM
PR Newswire (US)
Two New Directors Elected to Coeur D'alene Mines Corporation at
2005 Annual Meeting COEUR D'ALENE, Idaho, May 10
/PRNewswire-FirstCall/ -- Coeur d'Alene Mines Corporation (NYSE:
CDE; TSX: CDM) the world's largest primary silver producer, today
announced the election of Andrew Lundquist and Alex Vitale as the
newest members of its Board of Directors, at the Company's Annual
Shareholders meeting held today in Coeur d'Alene. Mr. Lundquist is
Managing Partner of Lundquist, Nethercutt & Griles LLC, a
business and government relations consulting and project management
firm he founded in 2002. He is also a Director of Pioneer Natural
Resources Company, an oil and gas company, and AREVA, the American
division of a French nuclear company. Mr. Vitale is Managing
Director in the Technology Investment Banking Department of
Deutsche Bank Securities Inc. Each of the nine members of Coeur's
Board of Directors were elected to one year terms by more than 95%
of the votes cast at the Annual Meeting and a quorum of 83% of
shareholders voting. In addition to Mr. Lundquist and Mr. Vitale,
re-elected directors to the board were Dennis E. Wheeler, James J.
Curran, Cecil D. Andrus, John H. Robinson, Robert E. Mellor,
Timothy R. Winterer and J. Kenneth Thompson. Voting on the proposal
for the 2005 Non- employee Directors' Equity Incentive Plan was
adjourned until June 3, 2005 due to lack of quorum established at
the meeting for this proposal. Coeur d'Alene Mines Corporation is
the world's largest primary silver producer, as well as a
significant, low-cost producer of gold. Coeur has mining interests
in Nevada, Idaho, Alaska, Argentina, Chile and Bolivia and
Australia. Contact: Tony Ebersole Director of Investor Relations
800-523-1535 Cautionary Statement This document contains numerous
forward-looking statements within the meaning of securities
legislation in the United States and Canada relating to the
Company's silver and gold mining business. Such statements are
subject to numerous assumptions and uncertainties, many of which
are outside the Company's control. 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, currency exchange rates, and the
completion and/or updating of mining feasibility studies, 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, risks inherent in the ownership and
operation of, or investment in, mining properties or businesses in
foreign countries, as well as other uncertainties and risk factors
set out in the Company's filings from time to time with the SEC and
the Ontario Securities Commission, including, without limitation,
the Company's reports on Form 10-K and Form 10-Q. 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.
DATASOURCE: Coeur d'Alene Mines Corporation CONTACT: Tony Ebersole,
Director of Investor Relations of Coeur d'Alene Mines Corporation,
1-800-523-1535 Web site: http://www.coeur.com/
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