Leading Proxy Advisory Firms Recommend Coeur Shareholders Vote ''FOR'' Proposals Relating to Pending Acquisitions

    COEUR D'ALENE, IDAHO, November 21 /CNW/ - Coeur d'Alene Mines Corporation
(NYSE:  CDE) (TSX:CDM) today announced that two of the nation's most influential
independent proxy advisory firms, Institutional Shareholder Services (ISS) and
Glass Lewis & Co., have each recommended that Coeur shareholders vote "FOR"
the proposals related to the acquisition of Bolnisi Gold NL (ASX:BSG) and
Palmarejo Silver and Gold Corporation (TSX-V:PJO) at the Company's Special
Meeting of shareholders scheduled for December 3, 2007.

    In recommending that Coeur shareholders vote "FOR" the proposed
acquisition, ISS stated in its November 20, 2007 report:

    "Based on our review of the terms of the transaction and the factors
described above, in particular the strategic rationale, the opportunities
available to the combined company and the increased liquidity of the combined
company's stock, we believe that the merger agreement warrants shareholder

    Glass Lewis also recommended that shareholders vote "FOR" all proposals
relating to the acquisition. In its November 20, 2007 report, Glass Lewis

    "Given the strategic rationale of the Transactions, the financial
fairness of the proposed exchange ratios, and in the absence of significant
conflicts, we believe that shareholders should support this proposal. The
resulting scale of the three-way combination will yield operational and
strategic benefits otherwise not available to the Company as a stand-alone

    "We are very pleased to have the support of both ISS and Glass Lewis,"
said Dennis E. Wheeler, Coeur's Chairman, President and Chief Executive
Officer. "Clearly, both proxy advisory firms recognize the transformative
nature of this transaction and the potential for the tremendous value it will
create for all Coeur shareholders. On behalf of the entire Board of Directors,
I urge all Coeur shareholders to vote "FOR" the merger proposals. We look
forward to closing this transaction and working toward becoming the world's
undisputed leader in silver."

    Coeur shareholders are reminded that their vote is very important
regardless of the number of shares of common stock they own. Whether or not
shareholders are able to attend the Special Meeting in person, they should
complete, sign and date the proxy card and return it in the prepaid and
addressed envelope as soon as possible or submit a proxy through the Internet
or by telephone as described on the proxy card that accompanied the definitive
proxy statement.

    The Special Meeting of Coeur shareholders to consider and vote upon the
proposed merger has been scheduled for December 3, 2007 at 9:30 a.m. local
time at The Coeur d'Alene Resort and Conference Center, Second Street and
Front Avenue, Coeur d'Alene. Coeur shareholders of record as of the close of
business on October 19, 2007 will be entitled to vote at the special meeting.

    Shareholders who have questions about the transactions and the special
meeting, including the procedures for voting your shares, should call D.F.
King & Co., Inc., which is assisting Coeur, at 1-800-901-0068 (toll-free) or
(collect) at 212-269-5550.

    About Coeur

    Coeur d'Alene Mines Corporation is one of the world's leading primary
silver producers and a growing gold producer. The company has mining interests
in Alaska, Argentina, Australia, Bolivia, Chile, Nevada, and Tanzania. In
2006, Coeur produced 12.8 million ounces of silver and 116,000 ounces of gold.
Cash costs in 2006 were $3.33 per ounce of silver for 2006.

    Cautionary Statement

    This press release contains forward-looking statements within the meaning
of securities legislation in the United States and Canada, including
statements regarding the terms and conditions of the proposed transaction and
anticipated operating results. Such statements are subject to numerous
assumptions and uncertainties, many of which are outside the control of Coeur,
Bolnisi or Palmarejo, as the case may be. Operating, exploration and financial
data, and other statements in this press release are based on information that
Coeur, Bolnisi or Palmarejo, as the case may be, believes is reasonable, but
involve significant uncertainties affecting the business of Coeur, Bolnisi or
Palmarejo, as the case may be, including, but not limited to, future gold and
silver prices, costs, ore grades, estimation of gold and silver reserves,
mining and processing conditions, construction schedules, currency exchange
rates, and the completion and/or updating of mining feasibility studies,
changes that could result from future acquisitions of new mining properties or
businesses, the risks and hazards inherent in the mining business (including
environmental hazards, industrial accidents, weather or geologically related
conditions), regulatory and permitting matters, risks inherent in the
ownership and operation of, or investment in, mining properties or businesses
in foreign countries, as well as other uncertainties and risk factors set out
in filings made from time to time with the SEC and the Ontario Securities
Commission, including, without limitation, Coeur's reports on Form 10-K and
Form 10-Q and Palmarejo's Annual Information Form. Additionally, there are
risks that the parties will not proceed with the proposed transaction, that
the ultimate terms of the proposed transaction will differ from those that
currently are contemplated, and that the proposed transaction will be not be
successfully completed for any reason (including the failure to obtain the
required approvals or clearances from regulatory authorities). Actual results,
developments and timetables could vary significantly from the estimates
presented. Readers are cautioned not to put undue reliance on forward-looking
statements. Coeur, Bolnisi and Palmarejo disclaim any intent or obligation to
update publicly such forward-looking statements, whether as a result of new
information, future events or otherwise. Additionally, Coeur, Bolnisi and
Palmarejo undertake no obligation to comment on analyses, expectations or
statements made by third parties in respect of Coeur, Bolnisi and Palmarejo,
their financial or operating results or their securities or the proposed

    Additional Information

    The definitive proxy statement that Coeur has filed with the United
States Securities and Exchange Commission ("SEC") and Canadian securities
regulators and mailed to its shareholders contains information about Coeur,
Bolnisi, Palmarejo, the Palmarejo Project, the proposed transaction and
related matters. Shareholders are urged to read the definitive proxy statement
carefully, as it contains important information that shareholders should
consider before making a decision about the proposed transaction. In addition
to receiving the definitive proxy statement from Coeur by mail, shareholders
may also obtain the definitive proxy statement, as well as other filings
containing information about Coeur, without charge, from the SEC's website
(www.sec.gov) and the Canadian securities regulators' website (www.sedar.com)
or, without charge, from Coeur. Coeur and its executive officers and directors
may be deemed to be participants in the solicitation of proxies from Coeur's
shareholders with respect to the proposed transaction. Information regarding
any interests that Coeur's executive officers and directors may have in the
proposed transaction is set forth in the definitive proxy statement. The Coeur
shares to be issued in the proposed transaction have not been and will not be
registered under the Securities Act of 1933, as amended, and may not be
offered or sold in the United States absent registration or an applicable
exemption from registration requirements. Coeur intends to issue such Coeur
shares pursuant to the exemption from registration set forth in Section
3(a)(10) of the Securities Act.

    (a)Permission to use quotations from the ISS and Glass, Lewis reports
were neither sought nor obtained.

For further information:

For further information: Coeur d'Alene Mines Corporation Director --
Investor Relations Tony Ebersole, 208-665-0777 or Senior Vice President --
Corporate Development Mitchell J. Krebs, 888-545-1138

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