Coeur Reports Steady First Quarter Production and Reaffirms Full-Year Production Guidance

  Coeur Reports Steady First Quarter Production and Reaffirms Full-Year
  Production Guidance

 Production levels expected to accelerate during remaining three quarters of
                                     2013

Growing contribution from gold relative to silver as gold production rises at
                               U.S. operations

Business Wire

COEUR D'ALENE, Idaho -- April 15, 2013

Coeur d'Alene Mines Corporation (the “Company” or “Coeur”)  (NYSE: CDE, TSX:
CDM) announced it produced 3.8 million ounces of silver and 56,913 ounces of
gold during the first quarter of 2013. The Company also reaffirmed its full
year production guidance of 18.0-19.5 million ounces of silver and
250,000-265,000 ounces of gold in 2013. Coeur will report its full operating
and financial results on May 9, 2013.

First Quarter Operating Highlights

  *Companywide silver production of 3.8 million ounces was 22% lower than the
    first quarter 2012 due to lower grade ore processed from both open pit and
    underground operations at the Company's Palmarejo mine.
  *Companywide gold production of 56,913 ounces was 30% higher than the first
    quarter 2012 due to significantly higher production from the Company's
    Kensington and Rochester mines.
  *Metal sales were $178.6 million, down 13% compared with the first quarter
    2012.
  *Average realized silver and gold prices were $30.61 per ounce and $1,630
    per ounce, respectively, representing decreases of 6% and 4%,
    respectively, compared with the first quarter of 2012.
  *Grades and mining rates rebounded at Palmarejo late in the first quarter
    compared to the third and fourth quarters of 2012. Palmarejo produced 1.6
    million ounces of silver and 22,965 ounces of gold in the first quarter
    2013. While lower than first quarter 2012 levels, silver and gold
    production was 6% and 15% higher, respectively, compared to the fourth
    quarter 2012. Production rates are expected to climb in the second half of
    2013.
  *San Bartolomé produced 1.4 million ounces of silver, which was 12% lower
    than the first quarter of 2012 due to lower silver grades, but the mine
    performed better than planned and this level should reflect anticipated
    production rates during the remainder of the year.
  *Rochester's production was temporarily affected by extremely cold
    temperatures and heavier than normal snowfall during January and February,
    which impacted ore crushing. Rochester produced 0.6 million ounces of
    silver and 8,742 ounces of gold, which was lower than production in the
    fourth quarter 2012, but 47% and 65% higher than the first quarter 2012,
    respectively.
  *Kensington's gold production more than tripled compared to the first
    quarter of 2012, reaching 25,206 ounces. Kensington's production is
    expected to increase in the second half of 2013 over the first half of
    2013 due to anticipated improved grades and higher throughput rates.


Table 1: Operational Highlights: Production

(silver ounces in         1Q 2013          1Q 2012          Quarter
thousands)                                                     Variance
                         Silver  Gold    Silver  Gold    Silver  Gold
Palmarejo                  1,646   22,965  2,483   31,081  (34 %)  (26 %)
San Bartolomé              1,391    —        1,591    —        (13 %)   n.a.
Rochester                  648      8,742    441      5,292    47  %    65  %
Martha^(1)                 —        —        123      84       n.a.     n.a.
Kensington                 —        25,206   —        7,444    n.a.     239 %
Endeavor                   150     —       248     —       (40 %)   n.a.
Total                      3,835    56,913   4,886    43,901   (22 %)   30  %


1. The Martha mine in Argentina ceased production at the end of the third
quarter 2012.

2013 Outlook

In addition to its unchanged 2013 production outlook provided in Table 2
below, Coeur reiterated its full-year 2013 projected cash operating costs^1 of
$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 for 2013.




Table 2: 2013 Production Outlook

(silver ounces in thousands)  Country      Silver         Gold
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


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 has a non-operating interest in a mine
in Australia. The Company also conducts ongoing exploration activities in
Mexico, Argentina, Nevada, Alaska and Bolivia. In addition, the Company owns
strategic investment positions in eight silver and gold development companies
with projects in North and South America.

Cautionary Statement

This news release contains forward-looking statements within the meaning of
securities legislation in the United States and Canada, including statements
improvements in the Palmarejo operations, operating results, production
levels, grades 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. 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.

1. Cash operating costs are non-GAAP measures.

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.

Table 3:
Operating Statistics from Continuing Operations - (Unaudited):

                                  Three months ended
                                   March 31,
                                   2013           2012
Silver Operations:
Palmarejo
Tons milled                        573,170         528,543
Ore grade/Ag oz                    3.65            6.12
Ore grade/Au oz                    0.04            0.06
Recovery/Ag oz^(1)                 78.8       %    76.8      %
Recovery/Au oz^(1)                 90.1       %    93.3      %
Silver production ounces           1,646,397       2,482,814
Gold production ounces             22,965          31,081
San Bartolomé
Tons milled                        374,985         378,104
Ore grade/Ag oz                    4.09            4.62
Recovery/Ag oz^(1)                 90.6       %    91.2      %
Silver production ounces           1,391,099       1,591,292
Martha^(3)
Tons milled                        —               34,069
Ore grade/Ag oz                    —               4.43
Ore grade/Au oz                    —               0.004
Recovery/Ag oz^(1)                 —          %    81.4      %
Recovery/Au oz^(1)                 —          %    64.6      %
Silver production ounces           —               122,793
Gold production ounces             —               84
Rochester
Tons milled                        2,439,757       2,009,518
Ore grade/Ag oz                    0.52            0.55
Ore grade/Au oz                    0.003           0.004
Recovery/Ag oz^(2)                 50.8       %    40.2      %
Recovery/Au oz^(2)                 108.6      %    62.1      %
Silver production ounces           647,589         441,337
Gold production ounces             8,742           5,292
Endeavor
Tons milled                        194,519         195,846
Ore grade/Ag oz                    1.61            3.35
Recovery/Ag oz^(1)                 47.8       %    37.8      %
Silver production ounces           149,594         247,958
Gold Operation:
Kensington
Tons milled                        129,057         43,936
Ore grade/Au oz                    0.20            0.18
Recovery/Au oz^(1)                 96.2       %    93.4      %
Gold production ounces             25,206          7,444
CONSOLIDATED PRODUCTION TOTALS
Total silver ounces                3,834,679       4,886,194
Total gold ounces                  56,913          43,901


1. Recoveries are affected by timing inherent in the leaching process.
2. Recoveries at Rochester are affected by residual leaching on Stage IV pad
and timing differences inherent in the heap leaching process.
3. The Martha mine ceased active mining operations in September of 2012.


Table 4:
Results of Operations by Mine - Palmarejo - (Unaudited)
                                                                
                               1Q 2013  4Q 2012  3Q 2012  2Q 2012  1Q 2012
Underground Operations:
Tons mined                     151,232   139,925   143,747   162,820   158,030
Average silver grade (oz/t)    4.22      4.70      6.13      8.91      7.82
Average gold grade (oz/t)      0.09      0.08      90        0.14      0.11
Surface Operations:
Tons mined                     388,651   465,498   424,380   321,758   347,609
Average silver grade (oz/t)    3.45      2.62      2.79      4.14      5.32
Average gold grade (oz/t)      0.03      0.02      0.03      0.04      0.04
Processing:
Total tons milled              573,170   563,123   532,775   489,924   528,543
Average recovery rate – Ag     78.8%     84.2%     90%       84.2%     76.8%
Average recovery rate – Au     90.1%     91.4%     102.5%    92%       93.3%
Silver production - oz         1,646     1,555     1,833     2,365     2,483
(000's)
Gold production - oz           22,965    19,998    23,702    31,258    31,081



Table 5:
Results of Operations by Mine - San Bartolomé - (Unaudited)
                                                                
                              1Q 2013  4Q 2012  3Q 2012  2Q 2012  1Q 2012
Tons milled                   374,985   363,813   344,349   391,005   378,104
Average silver grade (oz/t)   4.09      4.20      4.91      4.30      4.60
Average recovery rate         90.6%     88.0%     90.3%     88.3%     91.2%
Silver production (000's)     1,391     1,343     1,526     1,470     1,591
                                                                      


Table 6:
Results of Operations by Mine - Kensington - (Unaudited)
                                                              
                            1Q 2013  4Q 2012  3Q 2012  2Q 2012  1Q 2012
Tons mined                  116,747   140,626   113,770   84,632    56,815
Tons milled                 129,057   129,622   123,428   97,794    43,936
Average gold grade (oz/t)   0.20      0.23      0.21      0.23      0.18
Average recovery rate       96.2%     96.9%     95.9%     94.2%     93.4%
Gold production             25,206    28,718    24,391    21,572    7,444



Table 7:
Results of Operations by Mine - Rochester - (Unaudited)

                    1Q 2013    4Q 2012    3Q 2012    2Q 2012    1Q 2012
Tons mined           2,924,472  3,031,428  3,170,129  2,585,914  2,923,324
Average silver       0.52        0.51        0.52        0.63        0.55
grade (oz/t)
Average gold grade   0.003       0.005       0.004       0.005       0.004
(oz/t)
Silver production    647         828         819         713         441
(000's)
Gold production      8,742       12,055      10,599      10,120      5,292
                                                                     


Table 8:
Results of Operations by Mine - Endeavor - (Unaudited)

                           1Q 2013  4Q 2012  3Q 2012  2Q 2012  1Q 2012
Silver Production (000's)   150      105      140      240      248
                                                                    


Table 9:
Results of Operations by Mine - Martha^(1) - (Unaudited)

                          1Q 2013  4Q 2012  3Q 2012  2Q 2012     1Q 2012
Total tons milled           —        —        27,281   39,199,000  34,068
Average silver grade        —         —         4.17      3,520        4.43
(oz/t)
Average gold grade (oz/t)   —         —         3.4       —            —
Average recovery rate –     —%        —%        81.5%     78.2%        81.4%
Ag
Average recovery rate –     —%        —%        82.6%     72.4%        64.6%
Au
Silver production (000's)   —         —         93        108          123


1. The Martha mine ceased active operations in September of 2012.

Contact:

Coeur d'Alene Mines Corporation
Wendy Yang, 208-665-0345
Vice President, Investor Relations
or
Stefany Bales, 208-667-8263
Director, Corporate Communications
www.coeur.com
 
Press spacebar to pause and continue. Press esc to stop.