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Coeur Acquires Silver Production and Reserves at Endeavor Mine in Australia From CBH Resources, Ltd. - Expected to add 1.3 million ounces annually to Company silver production - - Adds estimated $6.2m of annualized operating cash flow at current silver prices - - Increases Coeur's silver proven and probable mineral reserves by 12% -.

Publication: PR Newswire
Publication Date: 07-APR-05 		Format: Online - approximately 1114 words
Delivery: Immediate Online Access

Article Excerpt
COEUR D'ALENE, Idaho, April 7 /PRNewswire-FirstCall/ -- Coeur d'Alene Mines Corporation (NYSE: CDE; TSX: CDM), the world's largest primary silver producer, announced today that it has agreed to acquire all of the silver production and reserves contained at the Endeavor Mine in Australia, which is owned and operated by CBH Resources Ltd , for US$38.5 million.

The Endeavor Mine is located 720 km northwest of Sydney in New South Wales and has been in production since 1983. In addition to principal production of lead and zinc, Endeavor is expected to produce approximately 1.3 million ounces of silver annually from mineral reserves containing approximately 24.0 million silver ounces. In total, the Endeavor Mine reports measured and indicated mineral resources containing approximately 8.2 million ounces of silver, and inferred mineral resources containing approximately 0.5 million silver ounces.

Under the terms of the agreement, CDE Australia, a wholly-owned subsidiary of Coeur, will pay CBH US$15.4 million of cash at the closing. In addition, CDE Australia will...

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