Cerro Bayo Produced 1.7 Million Ounces Of Silver

COEUR D'ALENE, ID - Coeur d'Alene Mines reported that the Cerro Bayo mine in souther Chile produced 1.7 million ounces of silver and 37,500 ounces of gold during 2007. Cash costs were $8.22 per ounce of silver for the entire year.
Compania Minera Cerro Bayo is Coeur's wholly owned subsidiary that owns and operates the Cerro Bayo Mine. The Company has implemented a recovery plan which includes improvement in mining methods and productivity, an organizational restructuring, reduced workforce, and a cost improvement program. During 2008, Cerro Bayo is expected to demonstrate improved performance each quarter, particularly the third and fourth quarters. The Company anticipates 2008 production to be 2.5 million ounces of silver and 40,000 ounces of gold at cash costs of $3.14 per ounce of silver.
As of December 31, 2007, Cerro Bayo contained 7.2 million ounces of proven and probable silver mineral reserves and 112,000 ounces of proven and probable gold reserves.
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