Coeur Reports Strong Operating Cash Flow and Record Gold Production in 2012; Expected Production Growth in 2013 Driven by

  Coeur Reports Strong Operating Cash Flow and Record Gold Production in 2012;
  Expected Production Growth in 2013 Driven by Rochester Expansion

Business Wire

COEUR D'ALENE, Idaho -- February 21, 2013

Coeur d'Alene Mines Corporation (NYSE: CDE) (TSX: CDM) reported strong
operating cash flow^1 of $338.7 million from metal sales of $895.5 million for
the full year 2012. Production totaled 18.0 million silver ounces and a record
226,486 gold ounces. Coeur expects to generate robust operating cash flow from
anticipated 2013 production of 18.0 - 19.5 million ounces of silver and a
record 250,000 - 265,000 ounces of gold.

Coeur repurchased nearly $20.0 million, or 0.9 million common shares, during
the second half of 2012. Coeur also acquired the remaining interest of the
Joaquin silver-gold project in Argentina in December 2012 for $60 million of
cash and stock.

2012 Highlights

  *Silver production was 18.0 million ounces, a 6% decrease from 2011.
  *Gold production was a record 226,486 ounces, up 3% from 2011.
  *Average realized prices were $30.92 per silver ounce and $1,665 per gold
    ounce, down 12% for silver and up 7% for gold from 2011.
  *Net metal sales totaled $895.5 million, down 12% from 2011.
  *Operating cash flow^1 totaled $338.7 million, down 25% from 2011.
    Including changes in working capital, net cash from operating activities
    was $271.6 million compared with $416.2 million in 2011.
  *Consolidated cash operating costs^1 were $7.57 per silver ounce compared
    with $6.31 per silver ounce in 2011.
  *Kensington's cash operating costs^1 per gold ounce were $1,358 compared
    with $1,088 in 2011 and ended 2012 at $950 per ounce during December.
  *Adjusted earnings^1 were $121.5 million or $1.36 per share, compared with
    $232.5 million, or $2.60 per share, in 2011. Net income for 2012, which
    included a non-cash fair market value adjustment of negative $23.5
    million, was $48.7 million, or $0.54 per share, compared with net income
    of $93.5 million, or $1.05 per share, in 2011.
  *Cash, cash equivalents and short-term investments were $126.4 million at
    December 31, 2012, compared with $195.3 million a year ago.

2013 Outlook

  *Coeur expects to produce 18.0 - 19.5 million ounces of silver and 250,000
    - 265,000 ounces of gold in 2013.
  *Cash operating costs^1 per ounce are estimated at $8.00 - $9.00 per silver
    ounce, assuming a gold by-product price of $1,650 per ounce. Kensington's
    cash operating costs^1 are estimated at $900 - $950 per gold ounce.
  *Coeur expects to invest $40.0 million in exploration with the goal of
    increasing estimated mineral reserves and resources at year-end 2013.

              ^EBITDA, operating cash flow, adjusted earnings and cash
              operating costs are non-GAAP measures. Please see tables in the
   ^1.   Appendix for reconciliation to U.S. GAAP. Total debt includes
              short and long-term indebtedness and excludes capital leases and
              royalty obligations.
              

Mitchell J. Krebs, Coeur's President and Chief Executive Officer, said, “Coeur
has grown considerably over the past five years and is now one of the world's
largest silver producers. Today, we have a new management team, a stronger
balance sheet and a disciplined but aggressive approach to moving the Company
forward which we believe will lead to operational consistency, substantial
growth and long-term value creation for our shareholders.

“We expect 2013 to be a strong year for Coeur, supported by significant
expected growth at Rochester, a full year of steady state operations at
Kensington, and stable production at Palmarejo and San Bartolomé. We worked
through operational challenges at Palmarejo and San Bartolomé in the fourth
quarter and expect these operations to achieve sustainable production rates in
2013 and beyond.

“Production at Rochester is expected to increase 35% - 50% this year versus
2012 levels, which we anticipate will drive cash operating costs down and
significantly increase the mine's cash flow. This expansion will require an
investment of approximately $30 - $35 million in 2013 and we expect it will
allow annual production of 4.5 - 5.0 million silver ounces and approximately
45,000 gold ounces to continue for at least seven years. We are enthusiastic
about future opportunities to expand production at Rochester even further that
could make this asset the second largest producer in our portfolio.

“We are pleased to see positive results at Kensington after taking six months
to re-tool the operation to generate consistent performance. We will also
invest approximately $20 million of capital at San Bartolomé in 2013 in order
to boost annual production by 10% - 15% in 2014 and beyond. This investment is
expected to generate a near triple digit rate of return."

Commenting on further 2013 goals, Mr. Krebs said, “For good reason, investors
are demanding that mining companies demonstrate capital discipline, focus on
true value creation, return capital to shareholders, and control costs in
order to provide operating leverage to higher metals prices. Our organization
is focusing on these priorities and on reducing the risks to our business in
order to provide investors a compelling rationale to own our shares. Our key
objectives in 2013 are:

  *Achieve excellence in employee health and safety, environmental
    stewardship and community relations.
  *Double our efforts to achieve operational consistency and reliability by
    improving planning, maintenance and execution of our key capital projects.
  *Invest in accretive, high-return internal and external growth
    opportunities - including our own shares - in order to build net asset
    value and resources on a per share basis.
  *Maximize free cash flow by containing operating costs, identifying revenue
    enhancement opportunities, proactively managing working capital.
  *Continue strengthening our organizational structure and management.
  *Maintain an aggressive approach toward investing in exploration, which
    served the Company well in 2012.”

                                                                       
Table 1: Financial Highlights (Unaudited)
                                                                                    
(All amounts
in millions,
except per
share
amounts,         4Q         4Q         Quarter    YTD        YTD          YTD
average          2012         2011         Variance     2012         2011           Variance
realized
prices and
gold ounces
sold)
Sales of         $ 205.9      $ 246.9      (17  %)      $ 895.5      $ 1,021.2      (12  %)
Metal
Production       $ 107.4      $ 109.1      (2   %)      $ 456.8      $ 420.0        9    %
Costs
EBITDA ^(1)      $ 86.2       $ 119.7      (28  %)      $ 372.4      $ 531.3        (30  %)
Adjusted
Earnings         $ 26.2       $ 43.2       (39  %)      $ 121.5      $ 232.5        (48  %)
^(1)
Adjusted
Earnings Per     $ 0.29       $ 0.48       (40  %)      $ 1.36       $ 2.60         (48  %)
Share^(1)
Net Income       $ 37.6       $ 11.4       230  %       $ 48.7       $ 93.5         (48  %)
Earnings Per     $ 0.42       $ 0.13       223  %       $ 0.54       $ 1.05         (49  %)
Share
Operating
Cash Flow        $ 79.2       $ 97.5       (19  %)      $ 338.7      $ 454.4        (25  %)
^(1)
Cash From
Operating        $ 61.7       $ 87.4       (29  %)      $ 271.6      $ 416.2        (35  %)
Activities
Capital          $ 21.8       $ 40.2       (46  %)      $ 115.6      $ 120.0        (4   %)
Expenditures
Cash, Cash
Equivalents      $ 126.4      $ 195.3      (35  %)      $ 126.4      $ 195.3        (35  %)
& Short-Term
Investments
Total
Debt^(1)         $ 48.1       $ 121.5      (60  %)      $ 48.1       $ 121.5        (60  %)
(net of debt
discount)
Weighted
Average
Shares           89.1         89.5         —            89.4         89.4           —
Issued &
Outstanding
Average
Realized
Price Per        $ 32.52      $ 30.87      5    %       $ 30.92      $ 35.15        (12  %)
Ounce -
Silver
Average
Realized         $ 1,709      $ 1,674      2    %       $ 1,665      $ 1,558        7    %
Price Per
Ounce - Gold
Silver           3.6          5.1          (29  %)      18.0         19.1           (6   %)
Ounces Sold
Gold Ounces      55,565       55,308       —            213,185      238,551        (11  %)
Sold
                                                                                         

              ^EBITDA, operating cash flow, adjusted earnings and cash
              operating costs are non-GAAP measures. Please see tables in the
   ^1.   Appendix for reconciliation to U.S. GAAP. Total debt includes
              short and long-term indebtedness and excludes capital leases and
              royalty obligations.
              

Net metal sales for 2012 decreased from 2011 to $895.5 million due to lower
second half production at Palmarejo and San Bartolomé, closure of the Martha
underground mine in Argentina and a lower average realized silver price. This
decrease in metal sales was partially offset by increased production at
Rochester and a higher average realized gold price compared with 2011. Silver
contributed 61% of the Company's total metal sales in 2012 compared with 65%
in 2011.

Consolidated production costs were $456.8 million in 2012, a 9% increase from
2011. During the fourth quarter of 2012, total production costs of $107.4
million were flat compared with the fourth quarter 2011.

Higher cash operating costs^1 per silver ounce were due to lower production
compared with 2011, including low production from Martha, which ceased active
mining operations in September 2012. Unit costs were also impacted by
remediation work in the underground operations and increased stripping of
waste tons in the open pit operations at Palmarejo and overall increased
maintenance costs.

Prior to changes in working capital, Coeur generated $338.7 million in
operating cash flow^1 in 2012 compared with $454.4 million in 2011. Including
changes in working capital, net cash from operating activities was $271.6
million compared with $416.2 million in 2011. Fourth quarter operating cash
flow^1 of $79.2 million improved from $77.3 million in the third quarter 2012
but decreased from $97.5 million in the fourth quarter 2011.

Coeur reports a non-U.S. GAAP metric of adjusted earnings^1 as a measure of
operating income, which excludes non-cash fair value adjustments, other
non-cash adjustments, deferred taxes and discontinued operations. Adjusted
earnings were $121.5 million ($1.36 per share) in 2012, compared with $232.5
million ($2.60 per share) in 2011. Fourth quarter adjusted earnings were $26.2
million ($0.29 per share) compared with $25.8 million ($0.29 per share) in the
third quarter 2012 and $43.2 million ($0.48 per share) in the fourth quarter
2011.

On a U.S. GAAP basis, the Company realized net income of $48.7 million ($0.54
per share) in 2012 compared with net income of $93.5 million ($1.05 per share)
in 2011. Reduced metal sales and fair value adjustments of negative $23.5
million reduced net income for 2012, while 2011 net income was reduced by fair
value adjustments of negative $52.1 million. Fourth quarter net income, after
fair value adjustments of $21.2 million, was $37.6 million ($0.42 per share)
compared with net loss of $15.8 million, or $0.18 per share, after fair value
adjustments of negative $37.6 million, in the third quarter 2012 and a net
income of $11.4 million, or $0.13 per share, after fair value adjustments of
$19.0 million, in the fourth quarter 2011.

Fair value adjustments are driven primarily by lower or higher gold prices,
which decrease or increase, respectively, the estimated future liabilities
related to a gold royalty obligation at Palmarejo.

Capital expenditures were $115.6 million in 2012, a 4% decrease from 2011.
Capital expenditures were primarily related to capitalized exploration
drilling and development of the Guadalupe satellite operation located six
kilometers from the main Palmarejo operation, underground development at
Palmarejo, and tailings expansion, underground development and infrastructure
improvements at Kensington.

Cash, cash equivalents and short-term investments were $126.4 million at
December 31, 2012. In August 2012, the Company entered into a four year senior
secured revolving credit facility of up to $100 million, which remains
undrawn.

In January 2013, Coeur raised net proceeds of $291.1 million in 7.875% Senior
Notes due 2021, resulting in current cash, cash equivalents and short term
investments of approximately $400 million. Including the undrawn revolving
credit facility, the Company has available liquidity of approximately $500
million.

Shares outstanding at the end of 2012 totaled 90.3 million.

              ^EBITDA, operating cash flow, adjusted earnings and cash
              operating costs are non-GAAP measures. Please see tables in the
   ^1.   Appendix for reconciliation to U.S. GAAP. Total debt includes
              short and long-term indebtedness and excludes capital leases and
              royalty obligations.
              

                                                                                                                                  
Table 2: Operational Highlights: Production
                                                                                                                                                              
(silver                                                          Quarter                                                                       YTD
ounces in      4Q 2012                4Q 2011                Variance              2012                     2011                     Variance
thousands)
            Silver    Gold       Silver    Gold       Silver   Gold       Silver     Gold        Silver     Gold        Silver   Gold
Palmarejo      1,554     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         12,055       373         1,993        122 %      505 %        2,801        38,066        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          3,831       60,770       5,302       49,544       (28 %)     23  %        18,025       226,486       19,078       220,382       (6  %)     3   %
                                                                                                                                                              
^*Additional operating statistics can be found in the tables in the appendix.
                                                                                                                                                              

                                                                     
Table 3: Operational Highlights: Cash Operating Costs Per Ounce  ^1
                                                                                  
               4Q 2012    4Q 2011     Quarter    2012       2011        YTD
                                           Variance                               Variance
Palmarejo      $ 7.55        $ (2.13 )     454  %       $ 1.33     $ (0.97 )     237  %
San            13.97         9.18          52   %       11.76       9.10          29   %
Bartolomé
Rochester      2.17          37.99         (94  %)      9.62        22.97         (58  %)
Martha         —             33.75         n.a.         49.77       32.79         52   %
Endeavor       19.92      14.74      35   %     17.27     18.87      (8   %)
Total          $ 8.97        $ 6.19        45   %       $ 7.57      $ 6.31        20   %
Kensington     $ 1,065       $ 1,807       (41  %)      $ 1,358     $ 1,088       25   %
                                                                                       
^*Additional operating statistics can be found in the tables in the appendix.
                                                                                       

Palmarejo, Mexico - Lower Grades Offset Higher Tons Mined

  *Palmarejo produced 8.2 million ounces of silver and 106,038 ounces of gold
    in 2012, down 9% and 15%, respectively, compared with 2011.
  *Cash operating costs^1 per silver ounce of $1.33 in 2012 compared with
    negative cash operating costs^1 of $0.97 in 2011 were a result of lower
    production, remediation work in the underground operations, accelerated
    open pit mining and higher maintenance costs.
  *Normal mining rates resumed in the underground operation late in the
    fourth quarter in the upper 76 zone and production from zone 108 commenced
    as planned. A lower overall mining rate in zone 76 was partially offset by
    planned mining rates in zone 108, which contains lower grade ore.
  *A record 465,498 tons were mined in the open pit in the fourth quarter, a
    10% increase from the third quarter 2012 and 45% higher than open pit tons
    mined in the fourth quarter 2011. Silver grades in the new phase of the
    pit are expected to increase gradually over 2013.
  *A record 563,123 tons of ore processed partially offset lower mill feed
    grades in 2012. The Palmarejo mill recorded solid recovery rates of 84.2%
    in silver and 91.4% in gold for the fourth quarter.
  *Sales and operating cash flow^1 totaled $442.1 million and $233.1 million,
    respectively, in 2012, including $79.4 million and $33.2 million in the
    fourth quarter. Capital expenditures were $38.5 million in 2012.
  *The Company is optimizing the mine plan for Guadalupe and will provide
    operational details during the second half of the year. Guadalupe is
    expected to commence initial production in the second half of 2013.

              ^EBITDA, operating cash flow, adjusted earnings and cash
              operating costs are non-GAAP measures. Please see tables in the
   ^1.   Appendix for reconciliation to U.S. GAAP. Total debt includes
              short and long-term indebtedness and excludes capital leases and
              royalty obligations.
              

San Bartolomé, Bolivia - High Return Capital Investment Expected to Increase
Production in 2014

  *Silver production was 5.9 million ounces in 2012, compared with 7.5
    million ounces in 2011. Fourth quarter production of 1.3 million ounces of
    silver decreased from the third quarter due to lower silver grade and
    downtime resulting from grinding mill maintenance.
  *Cash operating costs^1 per silver ounce were $11.76 in 2012 compared to
    $9.10 in 2011, primarily due to lower production despite flat operational
    spending.
  *Sales and operating cash flow^1 totaled $178.0 million and $72.4 million,
    respectively, in 2012, including $37.0 million and $17.4 million,
    respectively, in the fourth quarter 2012. Capital expenditures were $25.7
    million.
  *The Company plans to increase mill capacity approximately 15% through an
    estimated capital expenditure of $17.0 - $20.0 million. This expansion is
    expected to increase the mine's annual production to 6.0 million ounces of
    silver over the next seven years at reduced cash operating costs per
    ounce^1.
  *Duilio Rivero has joined the Company as General Manager of San Bartolomé.
    Mr. Rivero was most recently the General Manager at Nyrstar's Campo Morado
    Mine in Mexico. Previously, he was General Manager for Nyrstar's El Toqui
    mine in Chile and for Yamana's Gualcamayo mine in Argentina. He is a
    mining engineer with over 20 years of experience in diverse roles in open
    pit and underground mines in South America. Mr. Rivero graduated from the
    University of San Juan, Argentina.

Rochester, Nevada - High Return Investment Drives Expanded Production in 2013
and Beyond

  *Rochester achieved its highest production quarter of the year in the
    fourth quarter, reaching full year production of 2.8 million silver ounces
    and 38,066 gold ounces, significantly higher than 2011. Increased
    production was the result of the first full year of production from a new
    heap leach pad, which was commissioned in late 2011.
  *Cash operating costs^1 of $9.62 per silver ounce in 2012 were 58% lower
    than $22.97 in 2011. Fourth quarter cash operating costs^1 were $2.17 per
    silver ounce compared to $37.99 per silver ounce in the fourth quarter of
    2011.
  *Sales and operating cash flow^1 totaled $132.4 million and $53.5 million,
    respectively, in 2012, including $43.2 million and $21.5 million,
    respectively, in the fourth quarter 2012. Capital expenditures were $11.8
    million.
  *In 2013, the Company plans a major crusher and heap leach capacity
    expansion at Rochester to boost production to 4.5 - 4.9 million ounces of
    silver and 44,000 - 46,000 ounces of gold.
  *Total capital expenditures are expected to be $30.0 - $35.0 million in
    2013, including $23.0 - $26.0 million of growth capital and the remainder
    for sustaining capital. The Company is investing $4.0 million during 2013
    to expand the capacity of the primary crusher from 9.0 million tons to the
    currently permitted annual rate of 14.0 million tons. In addition (subject
    to final permits) the Company expects to expand the mine's heap leach
    capacity on existing pads to approximately 67.0 million tons at an
    estimated capital cost of approximately $15.0 million to accommodate
    higher production rates of ore coming from historic stockpiles.
  *Further expansion potential is being planned. Engineering and permitting
    are underway for 40.0 million tons of additional pad capacity with
    expected initial production in 2016 to further extend the mine life and
    increase production rates from historic stockpiles. This capital project
    is estimated to cost $10.0 million scheduled for 2015-2016.

Kensington, Alaska - First Full Year of Steady Operations to Drive Higher
Production and Cash Flow

  *Kensington produced 28,717 ounces of gold in the fourth quarter, its
    highest quarterly production for the year, and 18% higher than third
    quarter. Full year 2012 gold production was 82,125 ounces.
  *Cash operating costs^1 per gold ounce were $1,358 in 2012, compared to
    $1,088 per ounce in 2011, due to a short-term production scale back to
    complete several underground and surface infrastructure projects and to
    establish increased underground development footage.
  *As production ramped up in April 2012, cash operating costs^1 per gold
    ounce declined 40% through year-end to $1,065 per ounce in the fourth
    quarter and to $950 per ounce in December 2012.
  *Sales totaled $111.0 million in 2012 and $43.0 million in the fourth
    quarter 2012. Kensington generated $14.5 million in operating cash flow^1
    in the fourth quarter and $14.5 million for the full year 2012 after
    roughly breaking even on a cash flow basis after the first nine months of
    2012. Capital expenditures were $37.0 million in 2012.

              ^EBITDA, operating cash flow, adjusted earnings and cash
              operating costs are non-GAAP measures. Please see tables in the
   ^1.   Appendix for reconciliation to U.S. GAAP. Total debt includes
              short and long-term indebtedness and excludes capital leases and
              royalty obligations.
              

Organizational Update

Frank L. Hanagarne, Jr. was appointed Senior Vice President and Chief
Operating Officer effective February 4, 2013, as reported in the Company's
Form 8-K filed on February 7, 2013. The Company is conducting a search for a
new Chief Financial Officer while Mr. Hanagarne continues in that role in the
interim. Mr. Hanagarne joined Coeur as Senior Vice President and Chief
Financial Officer in October 2011 and assumed the duties of principal
operating officer in January 2013. Mr. Hanagarne has over 30 years of industry
experience in operations, finance and business development. He was previously
the Chief Operating Officer of Valcambi, a precious metal refiner in
Switzerland in which Newmont has an equity interest. Prior to that, he was
Director of Corporate Development for Newmont. In his 17 years at Newmont,
Frank also served as Mill Project Superintendent, Advisor in Corporate Health
and Safety and Loss Prevention and held various positions of increasing
responsibility in operations, business functions and environmental, health and
safety.Mr. Hanagarne has a Master's in Business Administration degree from
the University of Nevada, Reno, and a Bachelor of Metallurgical Engineering
degree from the New Mexico Institute of Mining and Technology.

In addition, Antonio Adames has been promoted to Vice President of Mexican and
South American Operations. In his new role, Mr. Adames is responsible for
overseeing the Palmarejo and San Bartolomé mines, the Joaquin project, new
projects and business development, directing operational procedures and site
management teams. Mr. Adames joined Coeur in 2008 as the Operations Manager
for San Bartolomé and was promoted to General Manager of the mine in 2010. He
was previously the Commissioning Manager for Pan American's San Vicente
project in Bolivia. He has broad mining and processing experience in Bolivia,
Honduras, Nicaragua and the Dominican Republic. Mr. Adames graduated with a
Bachelor of Science degree in Chemical Engineering from the University of
Santo Domingo, Dominican Republic.

Acquisition of Full Interest in Joaquin Project

In December 2012, Coeur consolidated its ownership of the Joaquin project in
the prolific mining province of Santa Cruz, Argentina, in a stock and cash
transaction. As noted in the Company's news release of December 11, 2012, the
Company believes that Joaquin has substantial exploration upside and potential
to become a significant silver producer. Joaquin has measured and indicated
resources of 65.2 million ounces of silver and 61,000 ounces of gold, and
inferred resources of 3.1 million ounces of silver and 4,000 ounces of gold at
year-end 2012.^2 Coeur intends to continue the drilling program at Joaquin and
advance feasibility work during 2013. The subsequent development decision will
be based on the economics of the project and our assessment of the political
and business environment in Argentina at that time.

Mineral Reserves and Resources^2

As reported in its news release dated February 15, 2013, Coeur increased its
total combined proven and probable reserves and measured and indicated
resources of silver and gold by 19% and 12%, respectively, resulting in the
addition of 85.2 million silver ounces and 462,000 gold ounces at year-end
2012 over 2011. These gains exclude the 18.0 million ounces of silver and
226,486 ounces of gold produced during 2012.

Companywide proven and probable silver reserves increased 2% from 2011 to
220.4 million ounces. Measured and indicated silver resources increased 36% in
2012 compared to 305.0 million ounces in 2011. Proven and probable gold
reserves declined 13% to 2.0 million ounces in 2012 while measured and
indicated gold resources increased 45% to 2.4 million ounces compared to
year-end 2011.

At Rochester, the Company increased silver and gold reserves by 52% and 25%,
respectively, over 2011 after producing 2.8 million silver ounces and 38,071
gold ounces in 2012. As described in the Company's January 17, 2013 news
release, Rochester expects to increase production by 35 - 50% based on
continued processing of historic stockpiles. These historic stockpiles
contributed to the increases in silver and gold reserves.

At Palmarejo, year-end 2012 consolidated silver and gold measured and
indicated resources increased 169% from 17.0 million to 45.7 million ounces of
silver and 370% from 205,000 to 964,000 ounces of gold compared to year-end
2011.

              ^EBITDA, operating cash flow, adjusted earnings and cash
              operating costs are non-GAAP measures. Please see tables in the
   ^1.   Appendix for reconciliation to U.S. GAAP. Total debt includes
              short and long-term indebtedness and excludes capital leases and
              royalty obligations.
              ^Please refer to the tables in the Appendix for tons and average
      ^2.     grades associated with references of contained ounces in each
              category in this news release. All reserves and resources
              reported herein comply with Canadian National Instrument 43-101.
              

Exploration

The Company invested $40.0 million in exploration in 2012, a 51% increase from
2011. A total of 625,152 feet (190,546 meters) were completed at the
operations, with approximately 88% devoted to the operations. A similar
portion of the $40.0 million exploration program for 2013 is focused on
resource-to-reserve conversion at the operations.

During 2013, the Company plans to invest another $40.0 million in exploration
with a goal to increase mineral resources and to further define its measured,
indicated and inferred resources, which should drive increases in its mineral
reserves. The Company will focus in 2013 on 1) continuing to drill the
historic stockpiles at Rochester to add low-cost reserves and resources; 2)
expanding the existing reserves and resources at Palmarejo, including the
nearby Guadalupe and La Patria deposits; 3) adding high-grade mineral
resources at Kensington; 4) expanding the size of the mineral resources at the
Joaquin project in Argentina; and 5) exploring for new silver and gold
deposits at all of our properties.

Palmarejo, Mexico^2

In 2012, the $19.9 million exploration program at the Palmarejo district
completed 341,975feet (104,234 meters) of drilling. This included 149,635
feet (45,609 meters) of surface and underground drilling around the current
Palmarejo mine. The remainder was devoted to the Guadalupe and La Patria
deposits and other new targets such as La Independencia in the district. In
2013, over 95% of a $15.8 million exploration program in Mexico is earmarked
for the Palmarejo district.

  *Year-end silver and gold measured and indicated resources grew 169% from
    17.0 million to 45.7 million ounces of silver and 370% from 205,000 to
    964,000 ounces of gold compared to year-end 2011. Gains were realized in
    the immediate Palmarejo mine area followed by La Patria and Guadalupe.
  *Guadalupe grew by 42% in silver and 31% in gold measured and indicated
    resources to 11.9 million ounces of silver and 134,000 ounces of gold,
    respectively.
  *First time indicated resources from La Patria, located approximately nine
    kilometers from the main Palmarejo mine processing facility, totaled 9.8
    million ounces of silver and 0.5 million ounces of gold. La Patria is
    being evaluated for standalone mining and processing and as feed for
    Palmarejo.
  *During 2012, drilling to expand the main known Palmarejo deposits focused
    on the Tucson-Chapotillo zones with surface drilling and on the Rosario,
    76 and 108 zones with underground drilling.
  *At year-end 2012, Palmarejo's proven and probable reserves totaled 53.1
    million ounces of silver and 665,000 ounces of gold.

Rochester, Nevada, USA^2

The Company spent $3.9 million in exploration at Rochester in 2012, resulting
in significant increases in reserves and measured and indicated resources at
year-end 2012. The Company completed 138,121 feet (42,099 meters) of reverse
circulation, Sonic® (rotary vibratory drilling) and core drilling at the
Rochester North and West historic stockpiles, and Northwest Rochester, Nevada
Packard and South Mystic areas in 2012. The Company has allocated $3.5million
for exploration at the Rochester property in 2013.

  *Drilling on just two of six historic stockpiles was successful in defining
    new mineral resources and mineral reserves at Rochester. Drilling will
    continue on these and the other stockpiles in 2013.
  *Rochester's year-end silver proven and probable reserves were 44.9 million
    ounces of silver and 308,000 of gold, up 52% and 25%, respectively, over
    2011. Silver measured and indicated resources increased 7% from 112.3
    million ounces at year-end 2011 to 120.7 million ounces at year-end 2012.

Kensington, Alaska, USA^2

During 2012, the Company spent $7.1 million on exploration at Kensington,
completing 143,796feet (43,829 meters) of core drilling mostly devoted to
in-fill drilling of Block K and the Raven veins. Additional drilling focused
on other targets such as Kensington South, the Ann Trend, Elmira and the
historic Jualin mine. The Company plans for an additional underground drilling
program in 2013 on Zone 10, Zone 50, Zone 30, Kensington South, Elmira vein,
and Ann. Continued surface drilling is planned at Jualin and several other
targets on the property. The total 2013 Kensington exploration program is
expected to be $8.6 million.

      ^EBITDA, operating cash flow, adjusted earnings and cash operating costs
^1.  are non-GAAP measures. Please see tables in the Appendix for
      reconciliation to U.S. GAAP. Total debt includes short and long-term
      indebtedness and excludes capital leases and royalty obligations.
      ^Please refer to the tables in the Appendix for tons and average grades
^2.   associated with references of contained ounces in each category in this
      news release. All reserves and resources reported herein comply with
      Canadian National Instrument 43-101.
      

  *Increased definition drilling to $3.9 million improved model
    reconciliation to production in 2012 has improved the Company's overall
    understanding of the Kensington deposit. This has enabled the Company to
    develop a more reliable and accurate mine plan, and improve exploration
    targeting, which is expected to subsequently add to the reserve and
    resource base.
  *Drilling results at the Raven vein, located approximately 2,000 feet (600
    meters) from the main underground workings at Kensington, identified
    initial proven and probable reserves of 50,400 ounces contained within
    151,000 tons, at an average gold grade of 0.33 opt, 51% higher than the
    overall average reserve grade at Kensington.
  *Kensington's proven and probable reserves totaled 1.0 million ounces of
    gold compared with 1.3 million ounces of gold in 2011.

San Bartolomé, Bolivia^2

In 2012, the Company invested $0.4 million in exploration trenching and
sampling at several silver-bearing gravel deposits at San Bartolomé. The
Company has planned a $0.7 million exploration program in 2013.

  *Exploration in the second half of 2012 confirmed a new silver discovery
    called Pucka Loma, which occurs approximately 2.4 miles (4 kilometers)
    northwest of the San Bartolomé mill facility. Exploration trenching and
    sampling has defined silver mineralization in two separate zones. The
    largest of which, Pucka Loma Main, measures approximately 1,300 feet (400
    meters) east to west by 2,800 feet (850 meters) north to south. Infill
    trenching and sampling are underway now,the results of which will be used
    to prepare an estimate of the in-situ silver tons and grade.
  *San Bartolomé has long lived proven and probable reserves of 109.1 million
    ounces of silver, after production of 5.9 million ounces of silver in
    2012, compared with 118.0 million ounces of silver at year-end 2011.

Joaquin Project, Argentina^2

The Company spent $5.8 million at the Joaquin project in the prolific mining
province of Santa Cruz, Argentina, completing 54,809feet of drilling (16,706
meters) at the two known deposits, LaNegra and LaMorocha, and conducting
preliminary metallurgical work. Joaquin is located about 70 kilometers north
of the Company's former Martha mine, which closed in September 2012. In
December 2012, the Company acquired the remaining interest in Joaquin to
consolidate its ownership. The Company has earmarked $3.3 million for
exploration drilling in 2013, which is expected to expand the two deposits,
allow the Company to test new targets on the property and to conduct further
engineering and metallurgical work to advance the feasibility work.

  *Joaquin's silver and gold ounces of measured and indicated resources
    increased by over 234% and 74%, respectively, from the pro forma 100%
    interest year-end 2011 mineral estimates, to 65.2 million ounces of silver
    and 61,000 ounces of gold.
  *The average silver grade of the measured and indicated mineral resources
    increased 52% from 2.48 to 3.78 ounces per ton.

Lejano Project, Argentina^2

The Lejano project in Argentina, located approximately 80 kilometers north of
Joaquin, reported first time indicated resources of 3.0 million ounces of
silver and 10,000 ounces of gold and inferred resources of 5.7 million ounces
of silver and 19,000 ounces of gold. In 2012, the Company invested $1.4
million at at Lejano completing 4,888 feet of drilling (1,490 meters). Coeur
expects to invest $1.8 million in exploration activities at Lejano in 2013.

              ^EBITDA, operating cash flow, adjusted earnings and cash
              operating costs are non-GAAP measures. Please see tables in the
   ^1.   Appendix for reconciliation to U.S. GAAP. Total debt includes
              short and long-term indebtedness and excludes capital leases and
              royalty obligations.
              ^Please refer to the tables in the Appendix for tons and average
      ^2.     grades associated with references of contained ounces in each
              category in this news release. All reserves and resources
              reported herein comply with Canadian National Instrument 43-101.
              

2013 Outlook

Estimated production for 2013 is provided in the table below and was reported
in the Company's January 17, 2013 news release. 2013 cash operating costs^1
after by-product credit (assuming the current gold price 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^1 per ounce of silver and gold are
expected in the second half of 2013 compared to the first half of the year.
Capital expenditures for 2013 are estimated at $125 - $140 million, including
$64 - $69 million in sustaining capital and $60 - $71 million in growth
capital.

                                                        
Table 4: 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
                                                               

Conference Call Information

Coeur will hold a conference call to discuss the Company's 2012 and fourth
quarter 2012 results at 1 p.m. Eastern time on February 21, 2013.

                          
          Dial-In Numbers:           (877) 768-0708 (US and Canada)
                                     (660) 422-4718 (International)
                                     
          Conference ID:             9061 3404
                                     

The conference call and presentation will also be webcast on the Company's
website at www.coeur.com. A replay of the call will be available through March
14, 2013.

                               
          Replay number:                  (855) 859-2056 (U.S. and Canada)
          International replay:           (404) 537-3406 (International)
                                          
          Conference ID:                  9061 3404
                                          

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 operating results, production levels, exploration
results 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, 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.

              ^EBITDA, operating cash flow, adjusted earnings and cash
              operating costs are non-GAAP measures. Please see tables in the
   ^1.   Appendix for reconciliation to U.S. GAAP. Total debt includes
              short and long-term indebtedness and excludes capital leases and
              royalty obligations.
              

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,
operating cash flow, adjusted earnings, and EBITDA. 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, operating cash flow,
adjusted earnings and EBITDA are important measures in assessing the Company's
overall financial performance.

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.

                                                          
Table 5: Operating Statistics from Continuing Operations - (Unaudited):
                                                                 
                                 2012            2011            2010
PRIMARY SILVER OPERATIONS:
Palmarejo^(1)
Tons milled                      2,114,366       1,723,056       1,835,408
Ore grade/Ag oz                  4.70            6.87            4.60
Ore grade/Au oz                  0.05            0.08            0.06
Recovery/Ag oz (%)^(1)           83.0            76.4            69.8
Recovery/Au oz (%)^(1)           94.4            92.2            91.1
Silver production ounces^(3)     8,236,013       9,041,488       5,887,576
Gold production ounces^(3)       106,038         125,071         102,440
Cash operating costs/oz^(4)      $   1.33        $  (0.97  )     $  4.10
Cash cost/oz^(4)                 $   1.33        $  (0.97  )     $  4.10
Total production cost/oz         $   19.26       $  16.80        $  19.66
San Bartolomé
Tons milled                      1,477,271       1,567,269       1,504,779
Ore grade/Ag oz                  4.49            5.38            5.03
Recovery/Ag oz (%)               89.5            88.9            88.6
Silver production ounces^(3)     5,930,394       7,501,367       6,708,775
Cash operating costs/oz^(4)      $   11.76       $  9.10         $  7.87
Cash cost/oz^(4)                 $   12.95       $  10.64        $  8.67
Total production cost/oz         $   15.81       $  13.75        $  11.72
Rochester^(2)
Tons Mined                       11,710,795      2,028,889       —
Ore grade/Ag oz                  0.55            0.47            —
Ore grade/Au oz                  0.0047          0.0047          —
Recovery/Ag oz (%)^(2)           57.0            165.1           —
Recovery/Au oz (%)^(2)           89.9            75.6            —
Silver production ounces^(3)     2,801,405       1,392,433       2,023,423
Gold production ounces^(3)       38,066          6,276           9,641
Cash operating costs/oz^(4)      9.62            22.97           2.93
Cash cost/oz^(4)                 11.65           24.82           3.78
Total production cost/oz         14.05           27.21           4.82
                                                                 

   ^1.   ^Recoveries are affected by timing inherent in the leaching
              process.
              ^Recoveries at Rochester are affected by residual leaching on
      ^2.     Stage IV pad and timing differences inherent in the heap
              leaching process.
              

                                                             
                                    2012            2011            2010
Martha^(5)
Tons milled                         100,548         101,167         56,401
Ore grade/Ag oz                     4.01            6.29            31.63
Ore grade/Au oz                     0.0035          0.0082          0.04
Recovery/Ag oz ^(%)                 80.3            83.2            88.3
Recovery/Au oz ^(%)                 72.2            74.0            84.1
Silver production ounces            323,386         529,602         1,575,827
Gold production ounces              257             615             1,838
Cash operating costs/oz^(4)         $   49.77       $   32.79       $   13.16
Cash cost/oz^(4)                    $   50.71       $   34.08       $   14.14
Total production cost/oz            $   55.03       $   36.19       $   20.02
Endeavor
Tons milled                         791,209         743,936         653,550
Ore grade/Ag oz                     2.26            1.83            1.96
Recovery/Ag oz ^(%)                 41.0            45.0            44.3
Silver production ounces            734,008         613,361         566,134
Cash operating costs/oz^(4)         $   17.27       $   18.87       $   10.15
Cash cost/oz^(4)                    $   17.27       $   18.87       $   10.15
Total production cost/oz            $   23.52       $   24.00       $   13.66
GOLD OPERATIONS:
Kensington
Tons milled                         394,780         415,340         174,028
Ore grade/Au oz                     0.22            0.23            0.28
Recovery/Au oz ^(%)                 95.6            92.7            89.9
Gold production ounces^(3)          82,125          88,420          43,143
Cash operating costs/oz^(4)         $   1,358       $   1,088       $   989
Cash cost/oz^(4)                    $   1,358       $   1,088       $   989
Total production cost/oz            $   1,865       $   1,494       $   1,394
CONSOLIDATED PRODUCTION TOTALS
Silver ounces^(3)                   18,025,206      19,078,251      16,761,735
Gold ounces^(3)                     226,486         220,382         157,062
Cash operating costs/oz^(4)         $   7.57        $   6.31        $   6.53
Cash cost per oz/silver^(4)         $   8.30        $   7.09        $   7.05
Total production cost/oz            $   18.14       $   17.14       $   14.52
CONSOLIDATED SALES TOTALS
Silver ounces sold^(3)              17,965,383      19,057,503      17,221,335
Gold ounces sold^(3)                213,185         238,551         130,142
Realized price per silver ounce     $   30.92       $   35.15       $   20.99
Realized price per gold ounce       $   1,665       $   1,558       $   1,237
                                                                        

^(1)  ^Palmarejo commenced commercial production on April 20, 2009. Mine
       statistics do not represent normal operating results
       ^The leach cycle at Rochester requires 5 to 10 years to recover gold
       and silver contained in the ore. The Company estimates the
^(2)   metallurgical recovery to be approximately 61% for silver and 92% for
       gold. Current recovery may vary significantly from ultimate recovery.
       See Critical Accounting Policies and Estimates — Ore on Leach Pad.
^(3)   ^Current production ounces and recoveries reflect final metal
       settlements of previously reported production ounces.
^(4)   ^See "Reconciliation of Non-GAAP Cash Costs to GAAP Production Costs."
^(5)   ^The Martha mine ceased active mining operations in September of 2012.
       

                                                            
Table 6:
COEUR D’ALENE MINES CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS - (Unaudited)
                                                                 
                                             December 31,        December 31,
                                             2012                2011
ASSETS                                       (In thousands, except share data)
CURRENT ASSETS
Cash and cash equivalents                    $  125,440          $ 175,012
Short term investments                       999                 20,254
Receivables                                  62,438              83,497
Ore on leach pad                             22,991              27,252
Metal and other inventory                    170,670             132,781
Deferred tax assets                          2,458               1,869
Restricted assets                            396                 60
Prepaid expenses and other                   20,790             24,218      
                                             406,182             464,943
NON-CURRENT ASSETS
Property, plant and equipment, net           683,860             687,676
Mining properties, net                       1,991,951           2,001,027
Ore on leach pad, non-current portion        21,356              6,679
Restricted assets                            24,970              28,911
Marketable securities                        27,065              19,844
Receivables, non-current portion             48,767              40,314
Debt issuance costs, net                     3,713               1,889
Deferred tax assets                          955                 263
Other                                        12,582             12,895      
TOTAL ASSETS                                 $  3,221,401       $ 3,264,441 
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable                             $  57,482           $ 78,590
Accrued liabilities and other                10,002              13,126
Accrued income taxes                         27,108              47,803
Accrued payroll and related benefits         21,306              16,240
Accrued interest payable                     478                 559
Current portion of debt and capital          55,983              32,602
leases
Current portion of royalty obligation        65,104              61,721
Current portion of reclamation and mine      668                 1,387
closure
Deferred tax liabilities                     121                53          
                                             238,252             252,081
NON-CURRENT LIABILITIES
Long-term debt and capital leases            3,460               115,861
Non-current portion of royalty               141,879             169,788
obligation
Reclamation and mine closure                 34,670              32,371
Deferred tax liabilities                     577,488             527,573
Other long-term liabilities                  27,372             30,046      
                                             784,869             875,639
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY
Common stock, par value $0.01 per share;
authorized 150,000,000 shares, issued
and outstanding 90,342,338 at December       903                 897
31, 2012 and 89,655,124 at December 31,
2011
Additional paid-in capital                   2,601,254           2,585,632
Accumulated deficit                          (396,156      )     (444,833    )
Accumulated other comprehensive loss         (7,721        )     (4,975      )
                                             2,198,280          2,136,721   
TOTAL LIABILITIES AND SHAREHOLDERS’          $  3,221,401       $ 3,264,441 
EQUITY
                                                                             

                              
Table 7:
COEUR D’ALENE MINES CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS - (Unaudited)
                                 
                                 Years Ended December 31,
                                 2012          2011            2010
                                 (In thousands, except share data)
Sales of metal                   $ 895,492     $ 1,021,200     $ 515,457
Production costs applicable      (456,757  )     (419,956    )     (257,636  )
to sales
Depreciation, depletion and      (218,857  )   (224,500    )   (141,619  )
amortization
Gross profit                     219,878         376,744           116,202
COSTS AND EXPENSES
Administrative and general       32,977          31,379            24,176
Exploration                      26,270          19,128            14,249
Loss on impairment               5,825           —                 —
Pre-development, care,           1,261        19,441         2,877     
maintenance and other
Total cost and expenses          66,333       69,948         41,302    
OPERATING INCOME                 153,545         306,796           74,900
OTHER INCOME AND EXPENSE,
NET
Loss on debt extinguishments     (1,036    )     (5,526      )     (20,300   )
Fair value adjustments, net      (23,487   )     (52,050     )     (117,094  )
Interest income and other,       14,436          (6,610      )     771
net
Interest expense, net of         (26,169   )   (34,774     )   (30,942   )
capitalized interest
Total other income and           (36,256   )   (98,960     )   (167,565  )
expense, net
Income (loss) from
continuing operations before     117,289         207,836           (92,665   )
income taxes
Income tax (provision)           (68,612   )   (114,337    )   9,481     
benefit
Income (loss) from               $ 48,677        $ 93,499          $ (83,184 )
continuing operations
Loss from discontinued           —               —                 (6,029    )
operations
Loss on sale of net assets       —            —              (2,095    )
of discontinued operations
NET INCOME (LOSS)                $ 48,677     $ 93,499       $ (91,308 )
BASIC AND DILUTED INCOME
(LOSS) PER SHARE
Basic income (loss) per
share:
Net income (loss) from           $ 0.54          $ 1.05            $ (0.95   )
continuing operations
Net income (loss) from           —            —              (0.10     )
discontinued operations
Net income (loss)                0.54         1.05           (1.05     )
Diluted income (loss) per
share:
Net income (loss) from           $ 0.54          $ 1.04            $ (0.95   )
continuing operations
Net income (loss) from           $ —          $ —            $ (0.10   )
discontinued operations
Net income (loss)                $ 0.54       $ 1.04         $ (1.05   )
Weighted average number of
shares of common stock
Basic                            89,437          89,383            87,185
Diluted                          89,603          89,725            87,185
                                                                             

                                 
Table 8:
COEUR D’ALENE MINES CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS - (Unaudited)
                                   
                                   Years ended December 31,
                                   2012          2011          2010
                                   (In thousands)
CASH FLOWS FROM OPERATING
ACTIVITIES:
Net income (loss)                  $ 48,677        $ 93,499        $ (91,308 )
Add (deduct) non-cash items
Depreciation, depletion and        218,857         224,500         143,813
amortization
Accretion of discount on debt      3,431           4,041           3,374
and other assets, net
Accretion of royalty obligation    18,294          21,550          19,018
Deferred income taxes              16,163          51,792          (37,628   )
Loss on debt extinguishment        1,036           5,526           20,300
Fair value adjustments, net        18,421          46,450          115,458
Loss (gain) on foreign currency    (1,381    )     380             3,867
transactions
Share-based compensation           8,010           8,122           7,217
Loss (gain) on sale of assets      1,101           (1,145    )     (25       )
Loss on impairment                 5,825           —               —
Loss (gain) on asset retirement    279             (335      )     (167      )
Changes in operating assets and
liabilities:
Receivables and other current      9,756           (21,950   )     (6,228    )
assets
Prepaid expenses and other         2,489           (8,839    )     5,871
Inventories                        (48,305   )     (30,408   )     (47,887   )
Accounts payable and accrued       (31,019   )     22,990         29,888    
liabilities
CASH PROVIDED BY OPERATING         271,634        416,173        165,563   
ACTIVITIES
CASH FLOWS FROM INVESTING
ACTIVITIES
Capital expenditures               (115,641  )     (119,988  )     (155,994  )
Acquisition of Joaquin mineral     (29,297   )     —               —
interests
Purchase of short term
investments and marketable         (12,959   )     (49,501   )     (5,872    )
securities
Proceeds from sales and
maturities of short term           21,695          6,246           24,244
investments, marketable
securities
Other                              3,087          2,282          5,927     
CASH USED IN INVESTING             (133,115  )     (160,961  )     (131,695  )
ACTIVITIES
CASH FLOWS FROM FINANCING
ACTIVITIES:
Proceeds from issuance of notes    —               27,500          176,166
and bank borrowings
Payments on long-term debt,
capital leases, and associated     (97,170   )     (85,519   )     (106,827  )
costs
Payments on gold production        (74,734   )     (73,191   )     (43,125   )
royalty
Proceeds from gold lease           —               —               18,445
facility
Payments on gold lease facility    —               (13,800   )     (37,977   )
Proceeds from sale-leaseback       —               —               4,853
transactions
Reductions of (additions to)
restricted assets associated       4,645           (1,326    )     (2,353    )
with the Kensington Term
Facility
Share repurchases                  (19,971   )     —               —
Other                              (861      )     18             286       
CASH (USED IN) PROVIDED BY         (188,091  )     (146,318  )     9,468     
FINANCING ACTIVITIES
(DECREASE) INCREASE IN CASH AND    (49,572   )     108,894         43,336
CASH EQUIVALENTS
Cash and cash equivalents at       175,012        66,118         22,782    
beginning of period
Cash and cash equivalents at end   $ 125,440      $ 175,012      $ 66,118  
of period
                                                                             

                                                                   
Table 9:
Operating Cash Flow Reconciliation - (Unaudited)
                                                                              
(in              4Q 2012      3Q 2012      2Q 2012       1Q 2012      4Q 2011
thousands)
                                                                              
Cash
provided by      $ 61,694       $ 79,735       $ 113,203       $ 17,002       $ 87,412
operating
activities
Changes in
operating
assets and
liabilities:
Receivables
and other        (8,040   )     5,648          (10,319   )     2,956          (8,904   )
current
assets
Prepaid
expenses and     (3,054   )     2,481          2,857           (4,774   )     8,839
other
Inventories      12,919         13,762         (3,097    )     24,722         17,574
Accounts
payable and    15,706      (24,341  )   (14,276   )   53,929      (7,452   )
accrued
liabilities
Operating      $ 79,225    $ 77,285    $ 88,368     $ 93,835    $ 97,469 
Cash Flow
                                                                                       

                                                            
(in thousands)                                   2012          2011
                                                                 
Cash provided by operating activities            $ 271,634       $ 416,173
Changes in operating assets and liabilities:
Receivables and other current assets             (9,756    )     21,950
Prepaid expenses and other                       (2,489    )     8,839
Inventories                                      48,305          30,408
Accounts payable and accrued liabilities       31,019       (22,990   )
Operating Cash Flow                            $ 338,713    $ 454,380 
                                                                           

                                                                       
Table 10:
EBITDA Reconciliation - (Unaudited)
                                                                                  
(in thousands)      4Q 2012      3Q 2012       2Q 2012       1Q 2012      4Q 2011
Net income          $ 37,550       $ (15,821 )     $ 22,973        $ 3,975        $ 11,364
(loss)
Income tax          11,839         17,475          23,862          15,436         52,390
provision
Interest
expense, net of     4,591          7,351           7,557           6,670          8,222
capitalized
interest
Interest and        14             (12,664   )     3,221           (5,007   )     4,697
other income
Fair value
adjustments,        (21,235  )     37,648          (16,039   )     23,113         (19,035   )
net
Loss on debt        1,036          —               —               —              3,886
extinguishments
Depreciation      52,397      52,844       61,024       52,592      58,166    
and depletion
EBITDA            $ 86,192    $ 86,833     $ 102,598    $ 96,779    $ 119,690 
                                                                                            

(in thousands)                                  2012          2011
Net income (loss)                                 $ 48,677      $ 93,499
Income tax provision                              68,612          114,337
Interest expense, net of capitalized interest     26,169          34,774
Interest and other income (loss), net             (14,436   )     6,610
Fair value adjustments, net                       23,487          52,050
Loss on debt extinguishments                      1,036           5,526
Depreciation, depletion, and amortization       218,857      224,500
EBITDA                                          $ 372,402    $ 531,296

                                                                      
Table 11:
Adjusted Earnings Reconciliation - (Unaudited)
                                                                                 
(in thousands)      4Q 2012      3Q 2012       2Q 2012      1Q 2012      4Q 2011
Net income          $ 37,550       $ (15,821 )     $ 22,973       $ 3,975        $ 11,364
(loss)
Share based         1,476          3,364           1,033          2,137          2,861
compensation
Deferred income     3,738          (4,942    )     9,690          7,677          38,614
tax provision
Interest
expense,
accretion of        3,946          4,276           5,492          4,580          5,523
royalty
obligation
Fair value
adjustments,        (21,235  )     37,648          (16,039  )     23,113         (19,035  )
net
Loss on             (281     )     1,293           4,813          —              —
impairment
Gain on debt      1,036       —            —           —           3,886    
extinguishments
Adjusted          $ 26,230    $ 25,818     $ 27,962    $ 41,482    $ 43,213 
Earnings
                                                                                          

                                                                
(in thousands)                                       2012          2011
Net income (loss)                                    $ 48,677        $ 93,499
Share based compensation                             8,010           8,122
Deferred income tax provision                        16,163          51,792
Interest expense, accretion of royalty               18,294          21,550
obligation
Fair value adjustments, net                          23,487          52,050
Loss on impairment                                   5,825           —
Loss on debt extinguishments                       1,036        5,526
Adjusted Earnings                                  $ 121,492    $ 232,539
                                                                       

                                                                  
Table 12:
Results of Operations by Mine - Palmarejo - (Unaudited)
                                                                               
in millions      2012        4Q 2012   3Q 2012   2Q 2012   1Q 2012   4Q 2011
of US$
Sales of         $442.1        $79.4       $102.6      $136.4      $123.7      $134.3
metal
Production       $197.5        $40.4       $48.7       $62.5       $45.9       $47.0
costs
EBITDA           $237.0        $36.6       $51.6       $72.3       $76.5       $83.7
Operating        $90.4         $4.5        $17.7       $29.5       $38.8       $38.7
income
Operating        $233.1        $33.2       $54.9       $63.6       $81.4       $77.4
cash flow
Capital          $38.5         $8.8        $11.3       $11.2       $7.2        $12.1
expenditures
Gross profit     $98.0         $6.8        $20.0       $31.1       $40.1       $44.7
Gross margin     22.2%         8.7%        19.5%       22.8%       32.4%       33.3%
                                                                               
                 2012        4Q 2012   3Q 2012   2Q 2012   1Q 2012   4Q 2011
Underground
Operations:
Tons mined       604,522       139,925     143,747     162,820     158,030     191,966
Average
silver grade     6.99          4.70        6.13        8.91        7.82        8.04
(oz/t)
Average gold     0.11          0.08        0.09        0.14        0.11        0.11
grade (oz/t)
Surface
Operations:
Tons mined       1,559,245     465,498     424,380     321,758     347,609     321,881
Average
silver grade     3.58          2.62        2.79        4.14        5.32        5.88
(oz/t)
Average gold     0.03          0.02        0.03        0.04        0.04        0.05
grade (oz/t)
Processing:
Total tons       2,114,366     563,123     532,775     489,924     528,543     505,619
milled
Average
recovery         83.0%         84.2%       90.0%       84.2%       76.8%       77.9%
rate – Ag
Average
recovery         94.4%         91.4%       102.5%      92.0%       93.3%       92.4%
rate – Au
Silver
production -     8,236         1,555       1,833       2,365       2,483       2,690
oz (000's)
Gold
production -     106,038       19,998      23,702      31,258      31,081      34,108
oz
Cash
operating        $1.33         $7.55       $3.75       $(0.85)     $(2.27)     $(2.13)
costs/Ag Oz
                                                                               

                                                      
Table 13:
Co-Product Cash Cost Per Ounce for Palmarejo - (Unaudited)
                                                             
                                   2012       2011       2010
Cash operating cost per ounce:
Silver                             $ 13.45      $ 12.82      $ 19.90
Gold                               $ 742        $ 581        $ 328
Total cash cost per ounce:
Silver                             $ 13.45      $ 12.82      $ 19.90
Gold                               $ 742        $ 581        $ 328
                                                               

                                                                              
Table 14:
Reconciliation of EBITDA for Palmarejo - (Unaudited)
                                                                                           
in millions of      2012         4Q 2012     3Q 2012     2Q 2012     1Q 2012     4Q 2011
US$
Sales of metal      $ 442.1        $ 79.4        $ 102.6       $ 136.4       $ 123.7       $ 134.3
Production
costs               $ (197.5 )     $ (40.4 )     $ (48.7 )     $ (62.5 )     (45.9   )     (47.0   )
applicable to
sales
Administrative      $ —            $ —           $ —           $ —           —             —
and general
Exploration         $ (7.6   )     $ (2.4  )     $ (2.3  )     $ (1.6  )     (1.3    )     (2.8    )
Pre-development
care and          $ —         $ —        $ —        $ —        —          (0.8    )
maintenance and
other
EBITDA            $ 237.0     $ 36.6     $ 51.6     $ 72.3     $ 76.5     $ 83.7  
                                                                                                   

                                                                       
Table 15:
Operating Cash Flow for Palmarejo - (Unaudited)
                                                                                      
in millions      2012        4Q 2012    3Q 2012    2Q 2012     1Q 2012    4Q 2011
of US$
Cash
provided by      $ 237.0       $ 22.9       $ 58.2       $ 90.5        $ 65.3       $ 70.9
operating
activities
Changes in
operating                                                              
assets and
liabilities:
Receivables
and other        $ (12.5 )     $ (1.3 )     $ (4.1 )     $ (12.5 )     $ 5.4        $ 5.7
current
assets
Prepaid
expenses and     $ (3.2  )     $ (1.0 )     $ (0.8 )     $ 0.5         $ (1.9 )     $ (3.2 )
other
Inventories      $ (0.8  )     $ 3.6        $ 2.5        $ (11.5 )     $ 4.6        $ 9.9
Accounts
payable and    $ 12.6     $ 9.0     $ (0.9 )   $ (3.4  )   $ 8.0     $ (5.9 )
accrued
liabilities
Operating      $ 233.1    $ 33.2    $ 54.9    $ 63.6     $ 81.4    $ 77.4 
Cash Flow
                                                                                           

                                                                   
Table 16:
Results of Operations by Mine - San Bartolomé - (Unaudited)
                                                                                
in millions      2012        4Q 2012   3Q 2012   2Q 2012   1Q 2012    4Q 2011
of US$
Sales of         $178.0        $37.0       $46.2       $53.4       $41.4        $62.8
metal
Production       $71.4         $15.1       $19.9       $22.8       $13.6        $21.4
costs
EBITDA           $106.3        $21.9       $26.2       $30.5       $27.7        $41.2
Operating        $89.6         $17.5       $22.0       $26.6       $23.5        $34.9
income
Operating        $72.4         $17.4       $11.2       $23.0       $20.8        $28.7
cash flow
Capital          $25.7         $3.3        $4.4        $7.8        $10.2        $6.5
expenditures
Gross profit     $89.7         $17.6       $22.1       $26.5       $23.5        $35.3
Gross margin     50.5%         47.7%       47.8%       49.6%       56.8%        56.2%
                                                                                
                 2012        4Q 2012   3Q 2012   1Q 2012   1Q 2012    4Q 2011
Tons milled      1,477,271     363,813     344,349     391,005     378,104      371,983
Average
silver grade     4.5           4.2         4.9         4.3         4.6          5.4
(oz/t)
Average
recovery         89.5%         88%         90.3%       88.3%       91.2%        90.5%
rate
Silver
production       5,930         1,343       1,526       1,470       1,591        1,997
(000's)
Cash
operating        $11.76        $13.97      $12.13      $11.05      $10.21       $9.18
costs/Ag Oz
                                                                                

                                                                         
Table 17:
Reconciliation of EBITDA for San Bartolomé - (Unaudited)
                                                                                      
in millions of      2012        4Q 2012    3Q 2012    2Q 2012    1Q 2012    4Q 2011
US$
Sales of metal      $ 178.0       $ 37.1       $ 46.2       $ 53.4       $ 41.4       $ 62.8
Production
costs               (71.4   )     (15.1  )     (19.9  )     (22.8  )     (13.6  )     (21.4  )
applicable to
sales
Administrative      —             —            —            —            —            —
and general
Exploration         (0.3    )     (0.1   )     (0.1   )     (0.1   )     (0.1   )     —
Pre-development
care and          —          —         —         —         —         (0.2   )
maintenance and
other
EBITDA            $ 106.3    $ 21.9    $ 26.2    $ 30.5    $ 27.7    $ 41.2 
                                                                                             

                                                                       
Table 18:
Operating Cash Flow for San Bartolomé - (Unaudited)
                                                                                      
in millions      2012       4Q 2012    3Q 2012     2Q 2012    1Q 2012     4Q 2011
of US$
Cash
provided by
(used in)        $ 33.0       $ 9.5        $ 19.8        $ 31.0       $ (27.4 )     $ 22.3
operating
activities
Changes in
operating
assets and
liabilities:
Receivables
and other        $ 5.6        $ (3.0 )     $ 7.1         $ (0.6 )     $ 2.2         $ 0.2
current
assets
Prepaid
expenses and     $ 0.9        $ (1.4 )     $ 0.8         $ 4.4        $ (2.8  )     $ 4.6
other
Inventories      $ 16.0       $ 9.6        $ 5.0         $ (3.4 )     $ 4.7         $ 2.9
Accounts
payable and    $ 16.9    $ 2.7     $ (21.5 )   $ (8.4 )   $ 44.1     $ (1.3 )
accrued
liabilities
Operating      $ 72.4    $ 17.4    $ 11.2     $ 23.0    $ 20.8     $ 28.7 
Cash Flow
                                                                                           

                                                                  
Table 19:
Results of Operations by Mine - Kensington - (Unaudited)
                                                                               
in millions       2012      4Q 2012   3Q 2012   2Q 2012   1Q 2012    4Q 2011
of US$
Sales of          $111.0      $43.0       $36.5       $21.1       $10.4        $32.9
metal
Production        $87.1       $27.0       $26.9       $16.1       $17.1        $31.7
costs
EBITDA            $20.6       $14.7       $8.1        $4.7        $(6.9)       $0.5
Operating         $(21.1)     $0.9        $(3.5)      $(5.0)      $(13.6)      $(6.6)
income/(loss)
Operating         $14.6       $14.5       $7.3        $0.6        $(7.8)       $(4.1)
cash flow
Capital           $37.0       $7.8        $9.0        $9.3        $10.9        $12.0
expenditures
Gross             $(17.7)     $2.2        $(1.9)      $(4.7)      $(13.3)      $(5.7)
profit/(loss)
Gross margin      (15.9)%     5.1%        (5.2)%      (22.3)%     (127.9)%     (17.3)%
                                                                               
                  2012      4Q 2012   3Q 2012   2Q 2012   1Q 2012    4Q 2011
Tons mined        395,843     140,626     113,770     84,632      56,815       68,831
Tons milled       394,780     129,622     123,428     97,794      43,936       71,700
Average gold      0.20        0.23        0.21        0.23        0.18         0.19
grade (oz/t)
Average           95.6%       96.9%       95.9%       94.2%       93.4%        96.5%
recovery rate
Gold              82,125      28,718      24,391      21,572      7,444        13,299
production
Cash
operating         $1,358      $1,065      $1,298      $1,348      $2,709       $1,807
costs/Ag Oz
                                                                               

                                                                         
Table 20:
Reconciliation of EBITDA for Kensington - (Unaudited)
                                                                                      
in millions of      2012        4Q 2012    3Q 2012    2Q 2012    1Q 2012    4Q 2011
US$
Sales of metal      $ 111.0       $ 43.0       $ 36.5       $ 21.1       $ 10.4       $ 32.9
Production
costs               (87.1   )     (27.0  )     (26.9  )     (16.1  )     (17.1  )     (31.7  )
applicable to
sales
Administrative      —             —            —            —            —            —
and general
Exploration         (3.2    )     (1.3   )     (1.5   )     (0.3   )     (0.2   )     (0.5   )
Pre-development
care and          (0.1    )   —         —         —         —         (0.2   )
maintenance and
other
EBITDA            $ 20.6     $ 14.7    $ 8.1     $ 4.7     $ (6.9 )   $ 0.5  
                                                                                             

*Story too large*
                                            
Table 21:
Operating Cash Flow for Kensington - (Unaudited)
                                                          
     2012   4Q 2012   3Q 2012   2Q 2012

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