Coeur Announces Management Changes at Its San Bartolome Silver Mine in Bolivia

Coeur Announces Management Changes at Its San Bartolome Silver Mine in Bolivia

August 19, 2008 Filed Under: Lead Mining, Precious Metal  

Coeur d’Alene Mines Corporation announced the resignation of Rick Irvine as Vice President and General Manager of the Company’s San Bartolomé silver mine, located in Potosi, Bolivia effectively immediately.

Leon Hardy will become Interim General Manager of the operation effective today. Leon was recently promoted to Senior Vice President of North American operations. Prior to his promotion, Leon was the General Manager at the Company’s Martha Mine in Argentina. Under his leadership at Martha, silver production increased each year and a new mill was constructed and commissioned in late 2007 and early 2008. Leon has over 25 years of experience in mine management and operations throughout North and South America, including Bolivia. Leon joined Coeur in 2003.

Supporting Leon in the effort to achieve full-scale production at San Bartolomé will be Don Gray, who was appointed Senior Vice President of Coeur’s South American operations in June. Prior to this new position, Don was the General Manager at Coeur’s Cerro Bayo operation, where he successfully led the efforts to implement cost reduction initiatives and drive production increases. In addition to supporting Leon and the operating activities at San Bartolomé, Don will continue to oversee the Company’s Cerro Bayo and Martha mines. Don has more than 27 years of mining operations and development experience including key South American operations roles with several leading mining companies.

As previously announced on August 11th, Humberto Rada has now assumed the role of President of Coeur’s Bolivian subsidiary, Empresa Minera Manquiri, S.A., and of Coeur South America. Mr. Rada will lead all the Company’s activities in South America, including its existing activities in Bolivia, Chile and Argentina. Mr. Rada has over 23 years of experience in South American mining management, most recently as General Manager of Empresa Minera Inti Raymi S.A., a Bolivian subsidiary of Newmont Mining Corporation. He is currently President of Bolivia’s National Mining Association.

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