S&P Places Coeur D'Alene Mines On CreditWatch

NEW YORK (AP) — Standard & Poor's Ratings Services on Monday placed Coeur d'Alene Mines Corp. on CreditWatch with positive implications, but warned that the mining company may require more funding for its capital spending plan.

The ratings, including Standard & Poor's "CCC" corporate credit rating, reflects its assessment that near-term operating cash flow generation will likely increase due to higher metal volumes and continued favorable gold and silver prices, it said.

The Coeur D'Alene, Idaho, company's construction of its Palmarejo mine and start of operation in the first quarter of 2009 are increasing volumes. ...