ALASKA – COEUR D’ALENE MINES of Idaho plans to begin construction at its Kensington gold mine 45 miles north of Juneau this month, following the receipt of its discharge permit from the U.S. Environmental Protection Agency. The company previously received permits for its tailings facility, mill, road improvements and dock construction from the U.S. Army Corps of Engineers.
The Kensington project has undergone 17 years of studies, modification and improvements. Now Coeur believes it will be unrivalled as an environmentally sound operation. Production will begin in 2006 at an annual rate of 100,000 oz of gold over a 10-year mine life. Capital costs are put at US$91.5 million and operating costs at US$220/oz of gold.
Contact Tony Ebersole, Coeur’s director of investor relations, at 800-523-1535 or visit www.Coeur.com.