Movers and Shakers May 8, 2012
Coeur d'Alene Press | UPDATED 12 years, 8 months AGO
Cd'A Mines releases production numbers
Coeur d'Alene Mines Corporation produced 4.9 million ounces of silver and 43,901 ounces of gold in the first quarter of 2012, which resulted in $204.6 million in sales and $93.8 million in operating cash flow during the first quarter of 2012.
"The first quarter operating and financial results reflect a solid start to 2012. We are particularly pleased that full production has resumed two months ahead of schedule at Kensington," said Mitchell J. Krebs, Coeur's President and Chief Executive Officer. "Despite cost pressures throughout our industry, we are proud to have reduced cash operating costs per ounce by 25 percent in the first quarter compared to the same period last year. In addition, we experienced a 38 percent reduction in our general and administrative costs.
First quarter highlights include:
• Net metal sales totaled $204.6 million, 3 percent higher than the first quarter of 2011.
• Silver production totaled 4.9 million ounces, 19 percent higher than last year's first quarter, and gold production totaled 43,901 ounces.
• Silver and gold sales totaled 4.3 million ounces and 38,884 ounces, respectively.
Chamber celebrates 100th birthday
The Coeur d'Alene Chamber of Commerce is celebrating its 100th birthday this year.
The chamber will hold a Membership Blitz on May 14-18 offering special Centennial incentives.
"During Blitz Week, we will have some awesome opportunities for our current membership, as well as new members or businesses rejoining," said Marilee Wallace, membership development director.
Membership is $295 a year for a business that has 30 employees or less and represents the best marketing investment a business can make. Also during Blitz Week, advertising options that are normally extra will be offered for a total saving of over $275. "This is the best deal we have ever offered. We are very happy to do this in celebration of our Centennial year," Wallace said.
Information: Wallace, 415-0111 or www.cdachamber.com.
McLenna to join HMH Engineering
David A. McLenna III, will join HMH Engineering, LLC as staff engineer in the Hayden office.
McLenna holds a bachelor of science degree in civil engineering from Boise State, where he graduated Cum Laude. He comes to HMH from the Idaho Transportation Department internship program where he has two years of experience working on transportation projects including roadway and traffic design, project administration, construction inspection, and materials testing. McLenna will be working in the Ponderay project office for the next two years on the U.S. 95 Sandpoint to Kootenai Cutoff project.
HMH Engineering, LLC is a locally owned Civil Engineering company, located in Hayden, which specializes in design, construction administration and inspection services for transportation projects.
If you have a new, relocated or expanded business, or announcement of events, promotions or awards, The Press wants to let our readers know. The service is free and items run Tuesday through Saturday. To get the word on the street on your movers and shakers, call city editor Bill Buley at 664-8176 Ext. 2016 or e-mail bbuley@cdapress.com.