COEUR D’ALENE, Idaho–(BUSINESS WIRE)–Feb. 21, 2013– Coeur d’Alene Mines Corporation (NYSE: CDE) (TSX: CDM) reported strong operating cash flow¹ 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 flow¹ 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 costs¹ were $7.57 per silver ounce compared with $6.31 per silver ounce in 2011.
  
• Kensington’s cash operating costs¹ per gold ounce were $1,358 compared with $1,088 in 2011 and ended 2012 at $950 per ounce during December.
  
• Adjusted earnings¹ 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 costs¹ 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 costs¹ 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.

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.”

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 costs¹ 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 flow¹ 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 flow¹ 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 earnings¹ 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.

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 costs¹ per silver ounce of $1.33 in 2012 compared with negative cash operating costs¹ 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 flow¹ 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.

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 costs¹ 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 flow¹ 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 ounce¹.
  
• 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 costs¹ of $9.62 per silver ounce in 2012 were 58% lower than $22.97 in 2011. Fourth quarter cash operating costs¹ were $2.17 per silver ounce compared to $37.99 per silver ounce in the fourth quarter of 2011.
  
• Sales and operating cash flow¹ 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 costs¹ 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 costs¹ 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 flow¹ 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.

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 Resources²

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.

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, Mexico²

In 2012, the $19.9 million exploration program at the Palmarejo district completed 341,975 feet (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, USA²

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 $3.5 million 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, USA²

During 2012, the Company spent $7.1 million on exploration at Kensington, completing 143,796 feet (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.

• 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, Bolivia²

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, Argentina²

The Company spent $5.8 million at the Joaquin project in the prolific mining province of Santa Cruz, Argentina, completing 54,809 feet of drilling (16,706 meters) at the two known deposits, La Negra and La Morocha, 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, Argentina²

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.

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 costs¹ 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 costs¹ are expected to decline significantly to $900 – $950 per gold ounce. Higher silver and gold production and corresponding lower cash operating costs¹ 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.

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.

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.

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.

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.