Coeur d'Alene Mines approves $100M stock buyback

Coeur d'Alene Mines says it approved repurchase of up to $100M in stock

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COEUR D'ALENE, Idaho (AP) -- Coeur d'Alene Mines Corp. approved the repurchase of up to $100 million in company stock.

Shares of Coeur d'Alene Mines have trade between $16.21 and $30.99 in the last 12 months. Based on Wednesday's closing price of $18.95, the company said it will repurchase about 5.3 million shares, or around 6 percent of its outstanding stock.

Coeur d'Alene Mines Corp. stock lost 6 cents to $18.89 in afternoon trading Thursday.

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