Thursday, February 25, 2010

Coeur d'Alene Mines (NYSE:CDE) Senior Unsecured Notes

Coeur d'Alene Mines (NYSE:CDE) Senior Unsecured Notes

In an effort to raise capital for the construction of its tailings dam at their Kensington mine, Coeur d'Alene Mines sold $100 million in senior unsecured notes, while also selling shares of common stock in the company for another $3.75 million.

According to Coeur d'Alene Mines Chief Financial Officer Mitchell J. Krebs, some of the capital could be directed toward its Palmarejo silver and gold mine in Mexico, where more underground development is needed.

Coeur d'Alene Mines (NYSE:CDE) Senior Unsecured Notes

2 comments:

Gregory said...

I have taken a freakin beating in this damn stock while they continue to dilute. What the hell? They are supposed to be having RECORD production in both GOLD and SILVER yet they can't even update the new mines. What the hell is up with that ? If Wheeler can't do a better job than this, get rid of his weak ass.

Gregory said...

Lest we forget the 1 for 10 reverse stock split that was effected last year. Come on, get a management team in there that knows how to make the shareholder some money instead of all of the insiders stinking freaking rich.

These guys are real tools. Take a look. I'd slap the ass's around if I could get my hands on them.