Movers & Shakers May 11, 2010
Cd'A Mines Corp. announces first quarter gold production
Coeur d'Alene Mines Corporation on Monday announced first quarter gold production of 25,782 ounces, up from 3,791 ounces in the first quarter a year ago.
The increase was driven by 22,577 ounces of gold production from the Company's Palmarejo mine, which began production in April 2009 and is expected to produce 109,000 ounces of gold in its first full year of operations in 2010.
Company-wide silver production in the first quarter was 3.4 million ounces, which was consistent with the first quarter of 2009. First quarter cash operating costs were $7.41 per silver ounce.
"Coeur continues to generate growth in production, metal sales and cash flow from its new, long-life precious metals mines as silver and gold prices remain robust," said Dennis E. Wheeler, chairman,
First quarter highlights:
• Metal sales increased to $87.5 million, or 94 percent as compared to last year's first quarter
• 308 percent increase in quarterly operating cash flow to $27.7 million compared to last year's first quarter
• 40 percent reduction in quarterly capital expenditures compared to last year's first quarter
• Quarterly gold production increased to 25,782 ounces, up from 3,791 ounces last year
Priano's honored for designs, techniques at conference
Priano's Billiards and Backyards, 7168 N. Government Way, was recently honored for its innovative swimming pool designs and construction techniques at the Aquatech Society of Pool Building Professionals annual member conference and Awards of Distinction.
Priano's earned honors for "Hot Tub Shell."
This is the 47th year that Aquatech has recognized members at its annual Society Awards program in Whistler, B.C.
Aquatech members competed for honors in more than 21 pool design and construction categories, as well as a number of advertising, public relations and promotions categories.
"These builders have been judged to be the best, by the best," said Thomas C. Brown, vice president, of the Aquatech Society. "The elite builders in the pool-construction industry have evaluated these companies, and chosen them as the ultimate winners."
Attorney General Wasden files lawsuit against two companies
Idaho Attorney General Lawrence Wasden filed lawsuits against two vehicle service contract sellers. The lawsuits target U.S. Fidelis and Credexx, which used direct-mail postcards and robodialers to market the contracts for third-party administrators.
"These companies advertised their contracts as providing 'bumper-to-bumper' coverage," Wasden said. "Relying on these representations, consumers spent hundreds of dollars for contracts that excluded practically everything between the front and rear bumpers."
U.S. Fidelis Inc., formerly known as National Auto Warranty Services Inc. and doing business as Dealer Services, is located in Wentzville, Mo.
Credexx Inc. is located in Irvine, Calif., and operates as Auto One Warranty Specialists.
Attorney General Wasden encourages Idaho consumers who have lost money due to U.S. Fidelis or Credexx to file a complaint with the Consumer Protection Division at http://www2.state.id.us/ag or by calling (208) 334-2424 or toll-free, (800) 432-3545.
Making their mark
• Karen Pierce has been hired as a receptionist at Affordable Hearing Aids in Coeur d'Alene.
Pierce has an extensive medical billing background to help patients with their insurance needs. She recently moved to North Idaho from Colorado a year ago.
If you have a new, relocated or expanded business, or announcement of events, promotions or awards, The Press wants to let our readers know. The service is free and items run Tuesday through Saturday. To get the word on the street on your movers and shakers, call city editor Bill Buley at 664-8176 Ext. 2016 or e-mail bbuley@cdapress.com.