Coeur Announces 2012 Summary Highlights, 2013 Production Guidance and New Expansion Initiative at its Rochester Operation

  Coeur Announces 2012 Summary Highlights, 2013 Production Guidance and New
  Expansion Initiative at its Rochester Operation

Business Wire

COEUR D'ALENE, Idaho -- January 17, 2013

Coeur d'Alene Mines Corporation (NYSE:CDE)(TSX:CDM) produced 3.8 million
ounces of silver and 60,775 ounces of gold in the fourth quarter of 2012 and
18.0 million ounces of silver and an all-time high 226,491 ounces of gold for
the full year 2012. On an unaudited basis, Coeur expects 2012 metal sales to
total $890 - $900 million and has provided other key financial highlights in
Table 2 below.

Table 1: Fourth Quarter and 2012 Production

(silver
ounces       4Q 2012            4Q 2011            Quarter          2012                 2011                 Year          
in                                                       Variance                                                         Variance
thousands)
            Silver   Gold     Silver   Gold     Silver  Gold    Silver    Gold      Silver    Gold      Silver  Gold 
Palmarejo      1,555    19,998   2,690    34,108   (42 %)  (41  %)  8,236     106,038   9,042     125,071   (9  %)  (15  %)
San            1,343     —          1,997     —          (33 %)   n.a.      5,930      —           7,501      —           (21 %)   n.a.
Bartolomé
Rochester      828       12,060     374       1,993      121 %    505  %    2,802      38,071      1,392      6,276       101 %    507  %
Martha         —         —          130       144        n.a.     n.a.      323        257         530        615         (39 %)   (58  %)
Kensington     —         28,717     —         13,299     n.a.     116  %    —          82,125      —          88,420      n.a.     (7   %)
Endeavor       106     —        112     —        (5  %)  n.a.    734      —         613      —         20  %   n.a. 
Total          3,832     60,775     5,303     49,544     (28 %)   23   %    18,025     226,491     19,078     220,382     (6  %)   3    %
                                                                                                                                        

Table 2: Key Unaudited 2012E Financial Highlights

(millions, except
average realized       4Q 2012E     4Q 2011A    2012E        2011A
prices)
Avg. realized price    $32.52/oz    $30.87/oz   $30.92/oz    $35.15/oz
per ounce - silver
Avg. realized price      $1,709/oz      $1,674/oz     $1,665/oz      $1,558/oz
per ounce - gold
Sales of metal           $202 -         $247          $890 -         $1,021
                         $207                         $900
Production costs         $105 -         $109          $450 -         $420
applicable to sales      $115                         $460
Administrative &         $8 - $10       $9            $34 - $37      $31
general expenses
Exploration expenses     $5 - $7        $8            $26 - $28      $19
Pre-development,
care, maintenance        $(1) - $3      $2            $5 - $10       $19
and other
Capital expenditures     $20 - $25      $40           $110 -         $120
                                                      $120
                                                                     

Fourth Quarter 2012 and Full Year 2012 Production

2012 gold production of 226,491 ounces exceeded Company guidance due to strong
fourth quarter performance from its Rochester silver and gold operation in
Nevada and its Kensington gold mine in Alaska. 2012 silver production of 18.0
million ounces reflects significant production growth at Rochester, which was
offset by lower grade ore in the second half of the year at its Palmarejo
silver and gold mine in Mexico and its San Bartolomé silver operation in
Bolivia.

During the fourth quarter of 2012, Palmarejo produced 1.6 million ounces of
silver and 19,998 ounces of gold compared with 1.8 million ounces of silver
and 23,702 ounces of gold in the third quarter of 2012. Underground operations
at Palmarejo resumed normal mining rates late in the fourth quarter from both
the 108 and 76 zones according to plan after experiencing temporary
unfavorable ground conditions in the upper level of the 76 zone during
September of 2012. Silver grades from open pit operations are expected to
increase throughout 2013 as mining transitions to the new phase of the pit.

2013 Guidance

Coeur estimates that it will produce 18.0 - 19.5 million ounces of silver in
2013 while gold production is expected to increase significantly in 2013
compared to 2012 to 250,000 - 265,000 ounces due to higher production levels
at the Company's Kensington and Rochester operations.

2013 cash operating costs^1 after by-product credit (assuming the current gold
price level of approximately $1,650 per ounce), are expected to be $8.00 -
$9.00 per silver ounce. Kensington's 2013 cash operating costs^1 are expected
to decline significantly to $900 - $950 per gold ounce. Higher silver and gold
production and corresponding lower cash operating costs per ounce of silver
and gold are expected in the second half of 2013 compared to the first half of
the year.

Table 3: 2013 Production Outlook

(silver ounces in   Country       Silver          Gold
thousands)
Palmarejo           Mexico        7,700-8,300     98,000-105,000
San Bartolomé         Bolivia         5,300-5,700       —
Rochester             Nevada, USA     4,500-4,900       44,000-46,000
Endeavor              Australia       500-600           —
Kensington          Alaska, USA   —               108,000-114,000
Total                            18,000-19,500   250,000-265,000
                                                                        

The Company expects Palmarejo to produce 7.7 - 8.3 million ounces of silver
and 98,000 - 105,000 ounces of gold in 2013, with 30% - 40% of the estimated
full year mill throughput of approximately 2.2 million tons derived from
underground mining and the remainder from the open pit. Approximately 60% of
the underground ore tons mined are expected to come from the 76 Clavo zone,
including the lower area, which has been expanded at depth from definition
drilling completed in 2012, and the remainder from the 108 Clavo zone.

Rochester Expansion

The Company plans a significant expansion of its Rochester operation in 2013.
As a result, silver production at Rochester is expected to increase to 4.5 -
4.9 million ounces in 2013 compared to 2.8 million ounces in 2012. 2013 gold
production is expected to increase to 44,000 - 46,000 ounces compared to
38,071 ounces in 2012.

The Company estimates 2013 capital expenditures for Rochester to be $30 - $35
million to expand production. The Company is investing approximately $4
million during 2013 to expand the capacity of the primary crusher from nine
million tons to the currently permitted rate of 14 million tons annually. In
addition, subject to receipt of final permitting, the Company expects to
nearly double the mine's remaining heap leach capacity on existing pads during
2013 to approximately 67 million tons at an estimated capital cost of
approximately $15 million. This increased capacity is necessary to accommodate
higher production rates of ore coming from historic stockpiles.

The Company also is pursuing an additional estimated $10 million expansion,
which is expected to provide 40 million tons of additional pad capacity
beginning in 2016, to further extend the mine life and increase production
rates from historic stockpiles. Permitting and engineering work for this
additional expansion will continue during 2013.

These planned expansions represent high return investment opportunities and
the Company believes they will not require any resolution to the existing
claims dispute. Following the implementation of the expansion opportunities
described above, the Company plans to pursue other longer-term expansion
opportunities at Rochester that are focused on mining and processing of the
existing mineralized material, which totaled 251.5 million short tons in
measured and indicated resources and 40.5 million short tons in inferred
resources as of December 31, 2011^2.

The Company expects to report audited financial results and complete
operational results for the fourth quarter and full year on or about Thursday,
February 21, 2013.

About Coeur

Coeur d'Alene Mines Corporation is the largest U.S.-based primary silver
producer and a growing gold producer. The Company has four precious metals
mines in the Americas generating strong production, sales and cash flow in
continued robust metals markets. Coeur produces from its wholly owned
operations: the Palmarejo silver-gold mine in Mexico, the San Bartolomé silver
mine in Bolivia, the Rochester silver-gold mine in Nevada and the Kensington
gold mine in Alaska. The Company also owns a non-operating interest in a
low-cost mine in Australia, and conducts ongoing exploration activities in
Mexico, Argentina, Nevada, Alaska and Bolivia. Additional information can be
accessed through the Company's website at www.coeur.com.

Cautionary Statement

This news release contains forward-looking statements within the meaning of
securities legislation in the United States and Canada, including statements
regarding anticipated Rochester expansion, improvements in the Palmarejo
operations, operating results, production levels and operating costs. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause Coeur's actual results, performance or
achievements to be materially different from any future results, performance
or achievements expressed or implied by the forward-looking statements. Such
factors include, among others, the risk that permits necessary for the planned
Rochester expansion may not be obtained, the risks and hazards inherent in the
mining business (including environmental hazards, industrial accidents,
weather or geologically related conditions), changes in the market prices of
gold and silver, the uncertainties inherent in Coeur's production, exploratory
and developmental activities, including risks relating to permitting and
regulatory delays and disputed mining claims, ground conditions, grade
variability, any future labor disputes or work stoppages, the uncertainties
inherent in the estimation of gold and silver ore reserves, changes that could
result from Coeur's future acquisition of new mining properties or businesses,
reliance on third parties to operate certain mines where Coeur owns silver
production and reserves, the loss of any third-party smelter to which Coeur
markets silver and gold, the effects of environmental and other governmental
regulations, the risks inherent in the ownership or operation of or investment
in mining properties or businesses in foreign countries, Coeur's ability to
raise additional financing necessary to conduct its business, make payments or
refinance its debt, as well as other uncertainties and risk factors set out in
filings made from time to time with the United States Securities and Exchange
Commission, and the Canadian securities regulators, including, without
limitation, Coeur's most recent reports on Form 10-K and Form 10-Q. Actual
results, developments and timetables could vary significantly from the
estimates presented. Readers are cautioned not to put undue reliance on
forward-looking statements. Coeur disclaims any intent or obligation to update
publicly such forward-looking statements, whether as a result of new
information, future events or otherwise. Current mineralized material
estimates include disputed and undisputed claims at Rochester. While the
Company believes it holds a superior position in the ongoing claim dispute,
the Company believes an adverse legal outcome would cause it to modify
mineralized material estimates. Additionally, Coeur undertakes no obligation
to comment on analyses, expectations or statements made by third parties in
respect of Coeur, its financial or operating results or its securities.

Donald J. Birak, Coeur's Senior Vice President of Exploration and a qualified
person under Canadian National Instrument 43-101, supervised the preparation
of the scientific and technical information concerning Coeur's mineral
projects in this news release. For a description of the key assumptions,
parameters and methods used to estimate mineral reserves and resources, as
well as data verification procedures and a general discussion of the extent to
which the estimates may be affected by any known environmental, permitting,
legal, title, taxation, socio-political, marketing or other relevant factors,
please see the Technical Reports for each of Coeur's properties as filed on
SEDAR at www.sedar.com.

Cautionary Note to U.S. Investors-The United States Securities and Exchange
Commission permits U.S. mining companies, in their filings with the SEC, to
disclose only those mineral deposits that a company can economically and
legally extract or produce. We may use certain terms in public disclosures,
such as "measured," "indicated," "inferred” and “resources," that are
recognized by Canadian regulations, but that SEC guidelines generally prohibit
U.S. registered companies from including in their filings with the SEC. U.S.
investors are urged to consider closely the disclosure in our Form 10-K which
may be secured from us, or from the SEC's website at http://www.sec.gov.

Non-U.S. GAAP Measures

We supplement the reporting of our financial information determined under
United States generally accepted accounting principles (U.S. GAAP) with
certain non-U.S. GAAP financial measures, including cash operating costs. We
believe that these adjusted measures provide meaningful information to assist
management, investors and analysts in understanding our financial results and
assessing our prospects for future performance. We believe these adjusted
financial measures are important indicators of our recurring operations
because they exclude items that may not be indicative of, or are unrelated to
our core operating results, and provide a better baseline for analyzing trends
in our underlying businesses. We believe cash operating costs is an important
measure in assessing the Company's overall financial performance.

^1. Cash operating costs per ounce is a non-GAAP measure. In the Company's
quarerly and year-end reporting, the Company provides a reconciliation of cash
operating costs to production costs, the most comparable GAAP measure.

^2. See detail of measured and indicated resources and inferred resources in
the table in the Appendix.

APPENDIX

                                                       
Table 4: Mineral Reserves and Resources for the Rochester Mine, December 31,
2011
                                                             
                           Short Tons   Grade            Contained Ounces
                           (000)          (Oz/Ton)
                                     Silver  Gold    Silver   Gold
                                                             (000)
Proven & Probable                                                   
Reserves
Proven                     31,532         0.59     0.006     18,681    178,800
Probable                  15,747       0.69    0.004   10,892   68,200
Total Proven & Probable   47,280       0.63    0.005   29,573   247,000
Reserves
Measured & Indicated
Resources
Measured                   131,085        0.46     0.004     60,586    500,500
Indicated                 120,387      0.43    0.003   51,762   366,300
Total Measured &          251,472      0.45    0.003   112,349  866,800
Indicated Resources
Total Inferred Resources  40,543       0.58    0.003   23,619   122,400
                                                                       

Notes:

1.  Metal prices used for Mineral Reserves were $23 per ounce of silver and
     $1,220 per ounce of gold.
2.   Mineral Resources are in addition to Mineral Reserves and have not
     demonstrated economic viability.
     Current Mineral Resources were inclusive of disputed and undisputed
3.   claims at Rochester. While the Company believes it holds a superior
     position in the ongoing claim dispute, the Company believes an adverse
     legal outcome would cause it to modify Mineral Resources.
     Rounding of short tons and troy ounces, as required by reporting
4.   guidelines may result in apparent differences between tons, grade and
     contained metal content.
5.   For details on the estimation of Mineral Resources and Reserves for
     Rochester, please refer to the Technical Report on file at www.sedar.com.

Contact:

Coeur d'Alene Mines Corporation
Wendy Yang, 208-665-0345
Vice President, Investor Relations
or
Stefany Bales, 208-667-8263
Director, Corporate Communications
 
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