Exhibit 99.19
July 13, 2004
Dear Wheaton River Shareholder:
Coeur’s Board of Directors is pleased to offer Wheaton River shareholders the opportunity to participate with Coeur shareholders in the creation of a global leader in the precious metals industry. A Coeur-Wheaton River combination is extremely attractive from both a financial and strategic perspective. Coeur’s offer represents a premium of approximately 20% to Wheaton River’s closing share price as of July 7, 2004, assuming all shareholders elect to receive cash.
Our combined company will be:
• | North America’s fourth largest precious metals company with proven operating expertise; | |||
• | A leading gold producer and the world’s leading primary silver producer with over 22 million ounces of annual production; | |||
• | Among the world’s most liquid publicly-traded precious metals mining companies with expected listings on both the NYSE and the TSX; | |||
• | One of the fastest growing precious metals companies with four attractive development projects including Amapari (Brazil), Kensington (Alaska), Los Filos (Mexico) and San Bartolome (Bolivia); | |||
• | Highly leveraged to commodity prices with completely unhedged production; and | |||
• | Financially powerful with strong free cash flow generation, balance sheet strength, and enhanced access to capital markets. |
Under the terms of our offer you can choose to receive for each of your Wheaton River common shares:
• | Cdn$5.47 in cash, subject to proration if Wheaton River shareholders request in the aggregate more than Cdn$570 million; or | |||
• | 0.796 shares of the combined company common stock; or | |||
• | 0.796 exchangeable shares of a Canadian subsidiary. |
We appreciate the ongoing expressions of support from Wheaton River’s shareholders. We look forward to completing the Coeur-Wheaton River combination.
We encourage you to tender your shares by following the procedures set forth in the enclosed materials, which describe Coeur’s offer in detail.
Sincerely, | ||
DENNIS E. WHEELER, | ||
Chairman of the Board and Chief Executive Officer |
If you have any questions regarding tendering your shares,
please contact the Information Agent for the Offer to Purchase:
105 Madison Avenue
New York, New York 10016
(212) 929-5500 (Call Collect)
or
Call Toll-Free (800) 322-2885
E-mail: proxy@mackenziepartners.com