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Company creates Chicago mining jobs

Posted on April 2, 2013

A large company is relocating to Illinois and creating Chicago mining jobs.

Coeur d’Alene Mines Corporation is the largest U.S.-based primary silver producer and a growing gold producer. The Company has four precious metals mines in the Americas generating strong production, sales and cash flow in continued robust metals markets.

Coeur produces from its wholly owned operations: the Palmarejo silver-gold mine in Mexico, the San Bartolomé silver mine in Bolivia, the Rochester silver-gold mine in Nevada and the Kensington gold mine in Alaska. The Company also owns a non-operating interest in a mine in Australia, and conducts ongoing exploration activities in Mexico, Argentina, Nevada, Alaska and Bolivia.

The company expects to complete the move to Chicago in the third quarter of 2013 and to hire at least 60 employees at its downtown headquarters by the end of 2014. In addition, Coeur intends to change its name to Coeur Mining in mid-May following its Annual Meeting.

To attract Coeur, Mayor Emanuel and Governor Quinn worked with World Business Chicago and other organizations to ensure that the Company had a good sense of what the city and state could offer. One of the key tenets of World Business Chicago’s Plan for Economic Growth and Jobs is the attraction of corporate headquarters to Chicago, and staff from WBC and DCEO worked with Coeur through every step of the process to ensure that Chicago was the company’s ultimate choice. Coeur’s relocation to Chicago marks the 14th corporate headquarters to come to the City during Mayor Emanuel’s administration.

“Coeur today joins the growing number of companies that are choosing Illinois to invest and grow their business,” Governor Quinn said. “With our diverse economy, our pool of highly-skilled workers and our world-class transportation infrastructure, Illinois has what it takes for businesses to grow. We welcome Coeur and look forward to bringing more global corporations to Illinois.”

“Relocating our headquarters to Illinois will improve our access to key stakeholders and to our operations,” said Mitchell J. Krebs, Coeur’s President and CEO. “Chicago is a global, pro-business city, an international transportation hub and provides access to a broad and deep talent pool. We look forward to our active involvement in our new community and are proud to call Chicago our new home.”