Kitco News
Forbes.com
Restructuring of the mining company Coeur d’Alene Mines Corp. is continuing and is something that will take time, said Mitchell Krebs, president and chief executive officer of the firm, on Thursday.
“We’re making steady progress,” Krebs said of the restructuring of the firm. He spoke in a conference call with analysts after the release of the company’s first-quarter earnings.
That restructuring is a top-down review of the firm, which included adding new staff in several areas, buying back shares, reducing costs and moving the company headquarters to Chicago this summer and changing the name to Coeur Mining, pending shareholder approval. The restructuring is something that started last year and will continue, even as prices fell sharply last month, he said.
Coeur, Krebs said, is looking to “succeed in the new world of mining.”