Coeur Granted Court-Imposed Injunction
COEUR D'ALENE, ID - Coeur d'Alene Mines Corporation reported that the state district court in Pershing County, Nevada granted, in part, Coeur Rochester's motion for a preliminary injunction against Rye Patch Gold Corp. preventing Rye Patch from entering Coeur Rochester's active mining areas. Mining operations at the Rochester mine site remain unencumbered by this decision and exploration activities continue.
The court-ordered injunction remains in place until resolution of Coeur's legal complaint regarding certain disputed unpatented claims. This new injunction order supersedes the Temporary Restraining Order the judge implemented on December 5, 2011 against Rye Patch. The underlying legal action in this case will continue and discovery will commence with a trial expected in 2012.
While the dispute has no effect on Coeur's Rochester mineral reserves, it may have a minimal impact on the Rochester property's year-end 2010 estimated additional mineral resources. Coeur cannot predict the outcome of this matter, including legal outcomes or the potential for diminishment of its Rochester property package.