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Coeur d'Alene to keep Nevada silver and gold mine

By Associated Press
June 5, 2008 | Comments (0)

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Gold and silver miner Coeur d'Alene Mines Corp. said Thursday that it will retain ownership of its Rochester silver and gold mine in Nevada after reviewing strategic alternatives for the property.

Coeur d'Alene said the mine continues to provide the company with an important source of cash flow given the current silver and gold prices.

The mine generated more than $12.4 million of free cash flow in the first quarter and continues to exceed budgeted levels, the company said.

Coeur d'Alene shares rose 2 cents to $3.17 in morning trading.

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