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Recovery Report: Coeur d'Alene Mines Corp.'s Recovery Rating Profile Jan 13 Product Image

Recovery Report: Coeur d'Alene Mines Corp.'s Recovery Rating Profile Jan 13

  • Published: January 2013
  • Standard & Poors


  • Coeur d'Alene Mines Corp.
  • MORE

We are updating our recovery analysis on U.S.-based gold and silver producer Coeur d'Alene Mines Corp. (Coeur), to reflect our assignment of issue and recovery ratings to the company's proposed $200 million senior unsecured notes. Coeur may use the gross proceeds from the proposed notes offering to redeem part or all of its existing 3.25% subordinated notes, pay transaction-related fees and expenses, and for general corporate purposes. Standard & Poor's Ratings Services' simulated default scenario envisions a default in 2016, stemming from increased gold and silver mining costs and mining disruptions, compounded by a severe decline in gold and silver prices. (For Standard & Poor's recovery rating methodology, see "Criteria Guidelines For Recovery Ratings," published Aug. 10, 2009, on RatingsDirect.)...

Companies mentioned in this report are:
- Coeur d'Alene Mines Corp.

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings READ MORE >

- Coeur d'Alene Mines Corp.

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