Coeur' d'Alene's major focus is the US, Chile, Argentina and Bolivia, however they chose to re-enter into Mexico late in 2003 with the purchase of a silver-producer located in southern Sinaloa. 

Coeur D'Alene Mines Corporation       [CDE:NYSE]  

La Verde, Sinaloa.  Idaho-based Coeur d'Alene said it plans to acquire the assets of a Mexican silver company. Coeur plans to acquire the La Verde silver mine and several other properties owned by Minera Realde Cosala S.A. de C.V. (MRC) in the Sinaloa state of Mexico. Under the terms of the agreement, Coeur will make annual escalating payments to MRC totaling $10 million over five years. Coeur may exercise its option to acquire the assets of MRC at any time by making the balance of remaining payments. It may also terminate its option at any time. Assuming Coeur exercises its option, the company expects to continue small-scale underground mining while developing a larger-scale operation, which will provide Coeur with immediate production and cash flow. Coeur d'Alene said numerous other zones lie in the area that potentially contain more silver reserves. The transaction is subject to due diligence and a final definitive agreement is currently under preparation. Small-scale underground mining has taken place at La Verde for over twenty years, with total reported production of more than 30 million ounces of silver and 40 million pounds of copper, Coeur d'Alene said.

COEUR D'ALENE, Idaho, Nov. 10  Coeur d'Alene Mines Corporation (NYSE: CDE - News), the world's largest primary silver producer, announced today the execution of a binding letter of intent granting Coeur an exclusive option to purchase the assets of Minera Real de Cosala S.A. de C.V. ("MRC"). MRC operates the La Verde underground silver mine and owns several other concessions situated on over 21,000 acres located 100 miles north of Mazatlan in Sinaloa State, Mexico. Small-scale underground mining has taken place at La Verde for over twenty years, with total reported production of over 30 million ounces of silver and 40 million pounds of copper. In addition to the main La Verde deposit, there are numerous other mineralized zones in the immediate area that have the potential to contain additional silver reserves. Dennis E. Wheeler, Coeur's Chairman and Chief Executive Officer, stated, "Coeur is excited to establish a presence in Mexico, which provides the Company with numerous opportunities to add to our production and reserves profile. The La Verde mine and surrounding areas represent a unique opportunity for Coeur to potentially develop a large, low-cost operation that will generate value over many years." Coeur will conduct a confirmation sampling and drilling program over the next several months, which will focus on the viability of developing a larger-scale, low-cost operation. Under the terms of the agreement, Coeur will make annual escalating payments to MRC totaling $10 million over five years. Coeur may exercise its option to acquire the assets of MRC at any time by making the balance of the remaining payments. Coeur may also terminate its option at anytime. Assuming Coeur exercises its option, the Company anticipates continuing small-scale underground mining while developing a larger-scale operation, which will provide Coeur with immediate production and cash flow. The transaction is subject to due diligence. A final definitive agreement is currently being prepared.

Press Release 10Nov03

Once explored advanced stage projects in Mexico, including Boleo Cu-Co through JV participation with International Curator as significant shareholder of same. Was operator of exploration at Boleo in '93-94. Initial drilling by Coeur gave preliminary resource of 141 M tonnes containing 4.3 billion lbs Cu and 250 million lbs Co. Eventually swapped assets with International Curator and bailed on Boleo. Don't presently have any Mexican exposure as far as the Old Prospector can tell. 

MBD August, 1994