SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported): July 7, 1995
COEUR D'ALENE MINES CORPORATION
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(Exact name of Registrant as specified in its charter)
Idaho 1-8641 82-0109423
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification
Number)
400 Coeur d'Alene Mines Bldg.
505 Front Avenue
Coeur d'Alene, Idaho 83814
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(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code: (208) 667-3511
Not Applicable
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(Former name or former address, if changed since last report)
Item 5. Other Events.
On July 7, 1995, Coeur d'Alene Mines Corporation (the "Company"),
through its wholly-owned subsidiary, Coeur Alaska, Inc. ("Coeur Alaska"),
acquired the undivided 50% ownership interest in the Kensington Venture from
Echo Bay Alaska, Inc. and Echo Bay Exploration, Inc. (collectively, the
"Sellers"), which are wholly-owned subsidiaries of Echo Bay Mines Ltd. ("Echo
Bay"), as a result of which the Company assumed full ownership and operating
control of the Venture, which is developing the Kensington gold mining property
located in Juneau, Alaska. The transaction was effected pursuant to the Venture
Termination and Asset Purchase Agreement among Coeur Alaska and the Sellers,
dated as of June 30, 1995 (the "Agreement"), a copy of which is filed as an
exhibit to this report and is incorporated herein by reference.
Pursuant to the Agreement, Coeur Alaska paid to the Sellers a total of
$32.5 million and, pursuant to the Royalty Deed set forth as Exhibit C to the
Agreement, Coeur Alaska agreed to pay Echo Bay Exploration, Inc. a scaled net
returns royalty on one million ounces of future gold production after Coeur
Alaska recoups the $32.5 million purchase price and its construction
expenditures incurred after July 7, 1995, in connection with placing the
property into commercial production.
Performance by Coeur Alaska of its obligations under the Agreement is
guaranteed by the Company and performance of the obligations of the Sellers
under the Agreement is guaranteed by Echo Bay.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits
(c) Exhibits. The following exhibit is filed herewith:
10 Venture Termination and Asset Purchase Agreement, dated as
of June 30, 1995, among Coeur Alaska, Inc., Echo Bay Alaska,
Inc. and Echo Bay Exploration, Inc.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
COEUR D'ALENE MINES CORPORATION
(Registrant)
Dated: July 12, 1995 By:/s/DENNIS E. WHEELER
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Dennis E. Wheeler
Chairman, President and
Chief Executive Officer
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