Movers & Shakers May 26, 2010
Coeur earns safety awards
Coeur d'Alene Mines Corp. has again been recognized by the International Society of Mine Safety Professionals with seven national and international safety awards at its operations in North and South America for hours worked in 2009.
The awards were presented this month at the Annual ISMSP Conference in recognition of the safety milestones set during final construction at Coeur's new Kensington gold mine in Alaska, which is expected to begin initial production in July 2010, in addition to worker safety achievement at the Company's Rochester Mine in Nevada, Martha Mine in Argentina, and Coeur's exploration groups in Mexico, Argentina and Chile.
Safety Achievement Awards for 2009 operations included:
• Coeur Rochester Mine, Lovelock, Nev.: Two years and 201,879 employee hours worked with zero accidents to report.
• Coeur Alaska Kensington Mine, Juneau, Alaska: Two years and 218,061 employee hours worked without experiencing a lost time accident.
• Coeur Martha Mine, Gregores, Santa Cruz, Argentina: One year and 424,769 employee hours worked without experiencing a lost time accidents.
• Coeur Cerro Bayo Mine, Chile Chico, Chile: One year and 112,152 employee hours worked with zero accidents to report.
• Coeur South America Exploration, Chile Chico, Chile: Four years and 492,366 employee hours worked without experiencing a lost time accident.
• Coeur Exploration, Temoris, Chihuahua, Mexico: Two years and 124,318 employee hours worked without experiencing a lost time accident.
• Coeur Argentina Exploration, Gregores, Santa Cruz, Argentina: One year and 16,260 employee hours worked without experiencing a lost time accident.
"We are very pleased that the ISMSP has again recognized Coeur worker safety with these prestigious 2009 awards. Worker safety is a hallmark at Coeur and a foundation upon which we build and operate all our mines and development properties around the world," said Dennis E. Wheeler, chairman, president and chief executive officer of Coeur. "Along with environmental stewardship, the message at Coeur has always been to operate at the highest levels of worker safety, and it is gratifying to gain recognition of this from a prestigious industry group."
The International Society of Mine Safety Professionals is an organization dedicated to promoting the development of health and safety professionals throughout the international mining community. The achievements in safety are awarded at the ISMSP annual professional conference.
Stockholders approve Timberline deal
Timberline Resources Corp. (NYSE Amex:TLR) reported on Monday that Staccato Gold Resources Ltd. (TSX-V:CAT) received approval from its security holders for the proposed plan for Timberline to acquire all the issued and outstanding common shares of Staccato.
At the special meeting of Staccato security holders held on May 21, 98.1 percent of the securities that were voted favored the arrangement resolution, approving the proposed transaction. Timberline and Staccato expect to obtain all requisite approvals and remain on track to complete the transaction in early June. Timberline's shareholders will vote on the proposed plan of arrangement at their special meeting of shareholders to be held on Friday.
Timberline also announced that it has received conditional acceptance for the listing of its common shares on the TSX Venture Exchange in Toronto. Upon final acceptance, which is subject to shareholder and court approval of the plan of arrangement, the common shares of Timberline will be listed on the TSX Venture Exchange in substitution for common shares of Staccato.