Movers & Shakers June 25, 2010
Kensington Mine production starts
Coeur d'Alene Mines Corp. said Thursday production has commenced ahead of schedule at its Kensington Gold Mine in Alaska. The company anticipates that Kensington will produce 50,000 ounces of gold during the remainder of 2010 and will average approximately 125,000 ounces of gold annually over the mine's initial 12.5 year life. Once in full production, cash costs are expected to average approximately $490 per ounce over the mine life.
"Kensington represents Coeur's third new precious metals mine to commence production in the past three years and will provide continued, meaningful growth to the company's production and cash flow," said Dennis E. Wheeler, chairman, president and chief executive officer of Coeur. "In addition, the startup of production at Kensington represents the culmination of a community-wide effort by the Juneau community, which has supported the project from the beginning and who will participate in the economic benefits Kensington will provide."
Coeur Alaska will employ close to 200 workers during operations. The Company works closely with Berners Bay Consortium, made up of Klukwan, Inc., Kake Tribal and Goldbelt Native Corporations on job training and supporting local and Native hire at Kensington.
Leon Hardy, Coeur's senior vice president of operations, commented, "We are extremely pleased with the timely completion and early startup at Kensington and look forward to ramping up production during the remainder of the year and delivering consistent results over the coming years."
Aamco welcomes John Peterson
ASE certified technician/master technician John Peterson joined Aamco Complete Car Care Experts at 415 N. Third St. He has 12 years of experience with seven years as lead technician.
His responsibilities include all facets of automobile repair, for all makes and models, from oil changes to performing manufacturer recommended mileage services, brakes, suspensions, steering, heating and air conditioning, engine mechanical problems and drivability and electrical problems.
"The most difficult problems end in my hands to fix," Peterson said. "I have the expertise and ability to diagnose most problems in an expeditious manner."
Jim Ihasz, Aamco center manager, said Peterson was hired when business increased significantly after becoming a full-service repair shop. Peterson is a highly skilled in the diagnosis and repair of electrical systems and computer-controlled automotive systems.
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