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EX-99.1 - EX-99.1 - Coeur Mining, Inc.d488798dex991.htm
8-K - FORM 8-K - Coeur Mining, Inc.d488798d8k.htm
NYSE: CDE
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Superior proposal to acquire Orko Silver
(Updated for 2012 mineral reserves and resources estimates from the original conference call
presentation of February 13, 2013.)
February 18, 2013
Exhibit 99.2
NYSE: CDE
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2
Cautionary Statement
This presentation contains forward-looking statements within the meaning of securities legislation in the United States and Canada, including expectations
regarding the enterprise value of Orko Silver Corp. (“Orko”), the value of Coeur d’Alene Mines Corporation (“Coeur”) shares and Orko shares, the consideration to
be issued pursuant to the proposal, the ability of Coeur and Orko to consummate the transaction on the terms and in the manner contemplated thereby, and
Coeur’s estimated production data, expected operating schedules, results of operations, mineral reserves and resources, expected capital costs and other
expected operating data, share purchases and permit and other regulatory approvals.  Such forward-looking statements are identified by the use of words such as
“believes,”
“intends,”
“expects,”
“hopes,”
“may,”
“should,”
“will,”
“plan,”
“projected,”
“contemplates,”
“anticipates”
or
similar
words.
Actual
results,
performance,
achievements,
production,
operating
schedules,
results
of
operations,
mineral
reserves
and
resources,
capital
costs
and
permit
and
regulatory
approvals could differ materially from those projected in the forward-looking statements. The factors that could cause actual results to differ materially from
those in the forward-looking statements include: (i) the risk factors set forth in Coeur’s reports on Form 10-K and Form 10-Q; (ii) the risk that permits necessary for
the
planned
Rochester
expansion
may
not
be
obtained,
(iii)
risks
and
hazards
inherent
in
the
mining
business
(including
environmental
hazards,
industrial
accidents, weather or geologically related conditions); (iv) changes in the market prices of gold and silver; (v) uncertainties inherent in Coeur’s production,
exploratory and developmental activities, including risks relating to permitting and regulatory delays and disputed mining claims; (vi) any future labor disputes or
work stoppages; (vii) uncertainties inherent in the estimation of gold and silver ore reserves; (vii) changes that could result from Coeur’s future acquisition of new
mining properties or businesses; (ix) reliance on third parties to operate certain mines where Coeur owns silver production and reserves; (x) the loss of any third-
party smelter to which Coeur markets silver and gold; (xi) effects of environmental and other governmental regulations; (xii) risks inherent in the ownership or
operation
of
or
investment
in
mining
properties
or
businesses
in
foreign
countries;
(xiii)
the
worldwide
economic
downturn
and
difficult
conditions
in
the
global
capital and credit markets; and (xiv) Coeur’s possible inability to raise additional financing necessary to conduct its business, make payments or refinance its debt. 
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
these
forward-looking
statements,
whether
as
a
result
of
new
information,
future
events or otherwise.  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
resource
estimates
include
disputed
and
undisputed
claims
at
Rochester.
While
Coeur
believes
it
holds
a
superior
position
in
the
ongoing claim dispute, Coeur believes an adverse legal outcome would cause it to modify resource estimates.
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
contained
in
this
presentation.
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, and the technical report for Orko’s La Preciosa property, as filed on SEDAR at www.sedar.com, the mineral resources estimates for the La Preciosa
Property contained in this presentation are derived from the La Preciosa technical report. Donald J. Birak did not have access to, and did not verify, the data
underlying the technical information respecting the La Preciosa property contained in this presentation.


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3
Cautionary Statement (Cont’d)
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 use certain terms in this presentation, 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
most
recent
Form
10-K
and
Form
10-Q
which may be obtained from us, or from the SEC’s website at http://www.sec.gov.
This document relates to Coeur d’Alene Mines Corporation’s (“Coeur”) proposed acquisition (the “Transaction”) of Orko Silver Corp.  Shares of Coeur’s
common stock (the “Coeur Shares”) issuable upon (i) the exercise of warrants (the “Warrants”) to acquire Coeur Shares to be issued by Coeur in connection with
the proposed Transaction and (ii) the exchange of exchangeable securities (the “Exchangeable Shares”) to be issued by a subsidiary of Coeur in connection with
the proposed Transaction which may be registered pursuant to a registration statement on Form S-4 to be filed with the U.S. Securities and Exchange Commission
(the “SEC”) or issued pursuant to an available exemption.  This document is not a substitute for any registration statement or any other document that Coeur may
file
with
the
SEC
or
send
to
its
shareholders
in
connection
with
the
offer
and/or
issuance
of
Coeur
Shares
in
connection
with
the
exercise
of
the
Warrants
and
exchange of the Exchangeable Shares.  Investors who may receive Warrants or Exchangeable Shares in the Transaction are urged to read Coeur’s registration
statement on Form S-4, if and when filed, including the prospectus, and all other relevant documents that may be filed with the SEC as and if they become
available because they will contain important information about the issuance of Coeur Shares upon the exercise of any Warrants and exchange of any
Exchangeable Shares.  All documents, if and when filed, will be available free of charge at the SEC’s website (www.sec.gov).  You may also obtain these documents
by contacting Coeur’s Investor Relations department at Coeur d’Alene Mines Corporation; Investor Relations; (208) 665-0345; wyang@coeur.com.  This document
does not constitute an offer to sell or the solicitation of an offer to buy any securities.
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 Adjusted
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 operating cash flow, adjusted earnings, and Adjusted EBITDA are important measures in assessing the Company's overall
financial performance.


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4
Transaction Highlights
Attractive
Orko’s key asset, the La Preciosa project, is one of the largest undeveloped silver
deposits in the world
Long-life mine potential with compelling economics assuming open pit mine plan
Large-scale development opportunity with significant exploration upside
Mining friendly jurisdiction with well-developed local infrastructure
Further diversifies Coeur’s portfolio by jurisdiction and across a larger
platform of assets
Proven ability to develop large-scale, world class projects similar to La Preciosa
Once developed, La Preciosa is expected to deliver significant growth to all Coeur
shareholders
Disciplined
Accretive
on
an
NAV
and
mineral
resource¹
per
share
basis
Acquisition represents just 18% of Coeur’s market cap
Coeur’s cash flow and strong liquidity position available to support La Preciosa’s
development
Consistent with Coeur’s stated M&A strategy
1. Does not include inferred resources.
Solidifies Coeur’s position as a leading growth-oriented silver producer
Strategic


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5
Transaction Summary
Offer
C$2.70 per share based on the closing price of Coeur’s shares on February 12, 2013
0.0815 Coeur shares and C$0.70 cash per Orko share (total cash component of C$100 million; cash /
stock mix will be at the election of Orko shareholders, subject to pro-ration)
In addition, Orko shareholders will receive 0.01118 warrants for
each Orko share. Each full warrant is
exchangeable for four years at a strike price of US$30 per common share of Coeur
Represents a 25% premium to the implied value of Orko shares under the First Majestic transaction as
of February 12, 2013, and 71% to the unaffected Orko share price
on December 14, 2012
Structure
Implies ~C$384 million in transaction value, including the value
of warrants
74% stock / 26% cash consideration mix including warrants
Utilizes C$100 million of Coeur existing cash and ~11.6 million new Coeur shares
89% CDE / 11% Orko pro forma ownership (not including warrants)
Process and
timing
5 business days for First Majestic to match from February 13, 2013
Proposed agreement subject to customary closing conditions and Orko shareholders’
vote
No Coeur shareholder vote required
Closing expected in 2Q 2013
Coeur
pro
forma
Orko Board has unanimously concluded Coeur’s offer constitutes a Superior Proposal
1. See slide 7 and Appendix slides for tons, grade and effective date for La Preciosa mineral resources and Coeur’s mineral reserves and resources. Silver equivalents use gold and silver prices of
$1,643 and $30.78  per ounce respectively; 2. For production estimates, refer to page 10.
871 million oz of Ag eq reserves and M&I resources; 261 million oz of Ag eq inferred resources¹
Potential for 27 million oz of combined annual pro forma silver production²


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6
Benefits of the Transaction
Adds significant new production and future
cash flow to Coeur’s existing profile
Enhances portfolio diversity over a larger
number of assets
Improved geopolitical risk profile
Accretive to NAV and total mineral resources
per share
1
Extensive drilling has identified large resource
with expansion potential
Supplements development profile and allows
Coeur to deliver growth to all shareholders
Once on-line, La Preciosa would represent
Coeur’s third global top-ten silver mine as
ranked by production
Long mine life and significant cash flow
contribution are expected to support other
forms of returning of capital to shareholders
Coeur Shareholders
Coeur has the technical experience and the financial resources
to successfully develop La Preciosa
Superior proposal to the First Majestic stock
offer
Attractive consideration mix, with C$100 million
cash component providing immediate value
realization and upside participation through
shares and warrants
Opportunity to participate in the upside of La
Preciosa with potential large-scale open pit
mine plan
Highly liquid Coeur shares trading at an
attractive valuation, demonstrated by buyback
program and analysts’
price targets
Gain exposure to a diverse set of open pit and
underground operations located in five
different countries
Attractive silver / gold profile of ~75% / ~25%
pro forma for this transaction
Orko Shareholders
1. Does not include inferred resources.


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7
Overview of La Preciosa
1
Located in the Durango State of Mexico, 47 km northeast of
the city of Durango and 45 minutes from an international
airport
Together with adjacent mineral concessions, project covers
~32,400 hectares of contiguous mining claims
October 25, 2012: silver resource estimate of 99 million oz
indicated and 140 million oz inferred (42% indicated & 58%
inferred)
+99% of Indicated mineral resources within an open pit
configuration
1
~91% of the potential resource value is silver (based
upon $30.78 / Ag ounce Ag and $1,643 / Au ounce)
Coeur envisions developing La Preciosa as a large-scale, open
pit operation to maximize value
Significant infrastructure in place
Access by paved highway
8 km to national power grid
8 km to rail lines
Located in the heart of Mexico’s prolific Sierra Madre Mining Belt,
which hosts large silver deposits such as Fresnillo
Contained Metal
Tonnes
(million)
Ag Grade
(g/t)
Ag
(million oz)
Au
(million oz)
Indicated resources
Open-Pit
29.6
104
99.0
0.2
Underground
0.1
99
0.2
0.0
Total indicated
29.7
104
99.2
0.2
Inferred Resources
Open-Pit
47.7
86
131.9
0.2
Underground
2.0
124
7.6
0.0
Total Inferred
49.7
87
139.5
0.3
Orko Project
Historic/producing mines or Ag deposits
Legend
1. Based on information derived from the technical report entitled, “La Preciosa Silver Deposit,
Updated Mineral Resource Estimate Statement, Durango, Mexico”, prepared by Mining Plus,
dated November 5, 2012 as filed on SEDAR.
Durango
MEXICO
Guanacevi
La Cienaga
La Parilla
San Martin
Colorada
Fresnillo
Zacatecas
Penasquito
San Sebastian
Sierra de Ramirez
Velardeña
Platosa
Avino
El Cairo
Coneto
Pitarrilla
Inde
Durango
Gomez Palacio/Torreon
La Preciosa
Project


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8
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Mexico is a Mining-Friendly Jurisdiction
2012 ranking of countries for mining investment
Mexico rankings by category
Note: For simplicity, rankings shown do not reflect ties.
Mexico rank
Economic system
Tie 5
Political system
Tie 6
Social issues
Tie 13
Permitting delays
Tie 2
Corruption
5
Currency stability
Tie 7
Tax regime
Tie 1
57
52
51
45
43
41
39
37
36
36
33
32
32
30
29
29
28
27
26
25
22
22
19
17
16
Australia
Canada
Chile
Brazil
Mexico
United States
Colombia
Botswana
Peru
Ghana
Namibia
Mongolia
Tanzania
Argentina
India
Philippines
China
Indonesia
Zambia
South Africa
Kazakhstan
Papua New Guinea
D.R. Congo
Bolivia
Russia
Total points
Source: Behre Dolbear’s – 2012 ranking of countries for mining investment.
Rank


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9
La Preciosa Expected to Become One of the World’s
Leading Silver Mines
Production Benchmarking
Source: The Silver Institute, 2011.
1. For production estimates, refer to page 10.
La  Preciosa
future production
potential of
~7-9 million
oz
1
32.2
30.3
13.6
10.1
8.8
8.4
7.1
6.5
6.1
5.9
5.9
5.5
5.3
Rank
Mine/Country
Operating Company
Production (Million of ozs)
1
Cannington, Australia
BHP Billiton
2
Fresnillo, Mexico
Fresnillo plc
3
Dukat, Russia
JSC Polymetal
4
Uchucchacua, Peru
Compania de Minas Buenaventura
5
Palmarejo, Mexico
Coeur
6
Palancata, Peru
Hochschild Mining/International Minerals
7
Gumuskoy, Turkey
Eti Gumus, A.S.
8
San Bartolomé, Bolivia
Coeur
9
Pirquitas, Argentina
Silver Standard
10
Greens Creek, U.S.
Hecla Mining
11
Arcata, Peru
Hochschild Mining
12
Saucito, Mexico
Fresnillo plc
13
San Jose, Argentina
Hochschild Mining/McEwen Mining
14
Imiter, Morocco
Societe Metallurgique d’Imiter
15
Alamo Dorado, Mexico
Pan American Silver Corp.


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10
Opportunity to Develop La Preciosa as a Large-Scale,
Open Pit Mine
2011 PEA¹
Highlights
Re-Engineering La Preciosa Project
Outlines an open pit/underground operation
Mine life of 12 years
Annual production of 6.8 million oz of Ag
and 12,000 oz of Au
Capital costs of $270 million
5,000 tpd operation
Cash costs of $11.84/oz Ag
Base case IRR of >20%
Coeur believes developing La Preciosa as an open pit adds significant long-term value
Significant diligence conducted and re-engineering
under way
Coeur believes developing La Preciosa as a large-
tonnage, open pit operation will maximize value
~7-9
million
oz
of
annual
silver
production²
+15 year initial mine life
Reduced mining risk
Enhance overall project economics
Coeur believes shallow dipping vein, rock
mechanics, and grade issues make underground
mining challenging
AMEC commenced work on a new PEA
1.
2. 7-9 million ounces contributed by La Preciosa using assumptions and parameters contained in 2011 PEA and assumption of open-pit mining with higher throughput.
The PEA, June 30, 2011, (“2011 PEA”) is preliminary in nature, includes inferred mineral resources that are considered too speculative geologically to have the economic
considerations applied to them that would enable them to be categorized as mineral reserves.  There is no certainty that the preliminary economic assessment will be realized.


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11
A Premier Americas Focused Silver Mining Company…
Palmarejo
San Bartolomé
Rochester
Kensington
La Preciosa
Operating NAV = ~$1.8bn
Orko
Coeur
Pro forma
Source: Select equity research.
Endeavor
Operating NAV = ~$0.4bn
Operating NAV = ~$2.2bn
Operating NAV = ~$1.8bn
Orko
Coeur
Pro forma
Operating NAV = ~$0.4bn
Operating NAV = ~$2.2bn
Mexico
Bolivia
United States
Australia
41%
29%
28%
1%
52%
24%
23%
1%
100%
41%
28%
16%
13%
1%
100%
34%
23%
13%
11%
1%
19%
Operating NAV contribution by mine and jurisdiction ($bn) – Increased Focus on Mining-Friendly Jurisdictions


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12
…With Increased Growth Potential
Source: Equity research, Public disclosure, Company projections.
1. For production estimates, refer to page 10.
Note: Company information where available and equity research.
~7-9 million¹
~25-27
18
Million ounces
Pro forma for
La Preciosa
2012
Silver
Production
Orko
Provides
Significant
Growth
Potential
0
5
10
15
20
25
30
35
40
45
Fresnillo
Coeur
pro forma
Pan American
Silver
Wheaton
Coeur
Hochschild
Silver
Standard
First Majestic
Hecla
Silvercorp
Endeavour
Fortuna


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13
Expanding Portfolio of Assets, with a Track Record of
Developing, Starting-Up, and Operating Large-Scale Projects
Overview of Coeur d’Alene assets
Operation
Investment
Feasibility stage project
Note: R&R figures pro forma for La Preciosa.
Improved portfolio
Coeur has recent experience with similar sized
projects that are relevant to La Preciosa
San Bartolomé: 2008 start up; $238 million
capital cost
Palmarejo: 2009 start up; $353 million
capital cost
Kensington: 2010 start up; $435 million
capital cost
Rochester: 2011 re-start; $27 million capital
cost
XX
Start up/re-start year
La Preciosa provides Coeur with an enhanced
growth profile, reduced geopolitical risk, and
greater diversity in mining-friendly Mexico
Kensington Mine, Alaska
2012: 82,125 oz Au
2013E:
108,000
-
114,000
oz
Au
2010
Rochester Mine, Nevada
2012: 2.8 million oz Ag; 38,071
oz Au
2013E:
4.5
-
4.9
million
oz
Ag;
44,000
-46,000
oz
Au
2011
Palmarejo Mine, Mexico
2012: 8.2 million oz Ag; 106,038
oz Au
2013E: 7.7 -
8.3 million oz Ag;
98,000
105,000
oz
Au
2009
La Preciosa, Mexico
Indicated resources:
Ag : 99 million oz
Au: 0.2 million oz
Inferred resources:
Ag: 140 million oz
Au: 0.3 million oz
Joaquin Silver-Gold Project¹
Argentina
San Bartolomé
Mine, Bolivia
2012: 5.9 million oz Ag
2013E:
5.3
-
5.7
million
oz
Ag
2008
Endeavor Mine, Australia
2012: 0.7 million oz Ag
2013E: 0.5 –
0.6 million oz Ag
Total
1,2
Silver
Ounces
(millions)
Gold
Ounces
(000s)
Proven & Probable
Reserves
220
1,988
Measured &
Indicated Resources
404
2,618
Inferred Resources
206
1,035
1. Mineral reserves and resources effective December 31, 2012 except Endeavor effective June 30, 2012. See slides in the Appendix for tons and grade pertaining to reserves and resources; 2. Includes La Preciosa


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14
Transaction Highlights
Attractive
Disciplined
1.
Based on La Preciosa indicated mineral resources only.
Solidifies Coeur’s position as a leading growth-oriented silver producer
Strategic
Orko’s key asset, the La Preciosa project, is one of the largest undeveloped silver
deposits in the world
Long-life mine potential with compelling economics assuming open pit mine plan
Large-scale development opportunity with significant exploration upside
Mining friendly jurisdiction with well-developed local infrastructure
Further diversifies Coeur’s portfolio by jurisdiction and across a larger
platform of assets
Proven ability to develop large-scale, world class projects similar to La Preciosa
Once developed, La Preciosa is expected to deliver significant growth to all Coeur
shareholders
Accretive on an NAV and mineral resource¹
per share basis
Acquisition represents just 18% of Coeur’s market cap
Coeur’s cash flow and strong liquidity position available to support La Preciosa’s
development
Consistent with Coeur’s stated M&A strategy


15
Appendix


Substantial
and Sustainable Annual Production
Base
(Not Including La Preciosa)
Silver Production
2012 Silver Production by Mine (millions of ounces)
2012 Gold Production by Mine (millions of ounces)
Gold Production
106,038
38,071
257
82,125
Palmarejo
Rochester
Martha
Kensington
46,115
72,112
157,062
220,382
226,491
250,000-
265,000
2008
2009
2010
2011
2012
2013E
12.0
16.9
16.8
19.1
18.0
18.0-19.5
2008
2009
2010
2011
2012
2013E
Palmarejo
Rochester
Martha
Endeavor
San Bartolomé
2.8
5.9
8.2
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16
0.3
0.7


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17
Palmarejo –
Solid Silver and Gold Producer and
Major Cash Flow Generator
Quarterly Production & Cash Operating Costs¹
World’s 5th largest primary silver mine.  Silver-gold operation located in northern Mexico
Expect
to
commence
initial
underground
production
from
Guadalupe
satellite
operation
in
2013
Proven and probable reserves of 53.1 million silver oz and 665,000 gold oz²
M&I resources of 45.7 million silver oz and 964,000 gold oz and inferred resources of 22.1 million silver oz and
457,000 gold oz²
First nine months 2012 metal sales of $362.7 million
First
nine
months
2012
operating
cash
flow¹
of
$199.9
million
2013E:
7.7
-
8.3
million
silver
oz
and
98,000
105,000
gold
oz
1. Non-GAAP measure. Please see reconciliation tables to U.S. GAAP in appendix to this presentation. Coeur expects to report cash operating costs per ounce with financial results on or about 2/21/13.
2. At Dec. 31, 2012. The Company expects to be filing its latest technical report on SEDAR, associated with its 2012 operating results. The last technical report as filed on SEDAR was “Palmarejo Project, SW
Chihuahua State, Mexico, Technical Report”, dated January 1, 2012. 


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18
San Bartolomé
Long-Lived Silver Producer
Quarterly Production & Cash Operating Costs¹
World’s 8th largest primary silver mine
100% silver operation in Bolivia
Proven and probable reserves of 109.1 million silver oz²
M&I resources of 45.5 million silver oz and inferred resources of 3.3 million silver oz²
First nine months 2012 metal sales of $141.0 million
First
nine
months
2012
operating
cash
flow¹
of
$56.8
million
2013E:
5.3
5.7
million
silver
oz
2.0
1.6
1.5
1.5
1.3
$9.18
$10.21
$11.05
$12.13
4Q'11
1Q'12
2Q'12
3Q'12
4Q'12
Silver (millions)
Cash Op Costs per Silver Ounce¹
1. Non-GAAP measure. Please see reconciliation tables to U.S. GAAP in appendix to this presentation. Coeur expects to report cash operating costs per ounce with financial results on or about 2/21/13.
2. At Dec. 31, 2012. The Company expects to be filing its latest technical report on SEDAR, associated with its 2012 operating results. The last technical report as filed on SEDAR was “San Bartolomé, Potosi,
Bolivia, Technical Report”, dated January 1, 2012.


NYSE: CDE
|   TSX: CDM
19
Rochester –
Production Continues to Rise
Quarterly Production & Cash Operating Costs¹
Silver-gold operation located in Nevada
In operation since 1986
Proven and probable reserves of 44.9 million silver oz and 308,000 gold oz²
M&I
resources
of
120.7
million
silver
oz
and
865,000
gold
oz
and
inferred
resources
of
27.2
million
silver
oz
and
123,000 gold oz²
First nine months 2012 metal sales of $89.2 million
First
nine
months
2012
operating
cash
flow¹
of
$32.0
million
2013E
production
of
4.5
4.9
million
silver
oz
and
44,000
46,000
gold
oz
High return investment opportunity with planned expansion of leach pad capacity
1. Non-GAAP measure. Please see reconciliation tables to U.S. GAAP in appendix to this presentation. Coeur expects to report cash operating costs per ounce with financial results on or about 2/21/13.
2. At Dec. 31, 2012. The Company expects to be filing its latest technical report on SEDAR, associated with its 2012 operating results. The last technical report as filed on SEDAR was “Rochester, Nevada,
USA, Technical Report”, dated January 1, 2011.


NYSE: CDE
|   TSX: CDM
20
Kensington –
Record Quarterly Production in 4Q 2012
Quarterly Production & Cash Operating Costs¹
100% gold operation located in southeast Alaska
Proven and probable reserves of 1.0 million gold oz²
M&I resources of 0.5 million gold oz and inferred resources of 0.2 million gold oz²
First nine months 2012 metal sales of $68.0 million
First nine months 2012 operating cash flow¹
of $0.1 million; resumed full production rate in April 2012
2013E:
108,000
114,000
gold
oz
13,047
7,444
21,572
24,391
28,717
$1,807
$2,709
$1,348
$1,298
4Q'11
1Q'12
2Q'12
3Q'12
4Q'12
Gold
Cash Op Costs per Silver Ounce¹
1. Non-GAAP measure. Please see reconciliation tables to U.S. GAAP in appendix to this presentation. Coeur expects to report cash operating costs per ounce with financial results on or about 2/21/13.
2. At Dec. 31, 2012. The Company expects to be filing its latest technical report on SEDAR, associated with its 2012 operating results. The last technical report as filed on SEDAR was “Kensington Gold Mine,
Southeast Alaska, USA”, dated January 1, 2010.


NYSE: CDE
|   TSX: CDM
21
Pipeline
Growth:
Joaquin
Silver-Gold
Project
Advancing Significant Silver Asset
1. At Dec. 31, 2012. The Company expects to be filing its latest technical report on SEDAR, associated with its 2012 operating results. The last technical report as filed on SEDAR was  “Joaquin Project, Santa
Cruz, Argentina Technical Report”, dated September 21, 2012.
Potential significant silver producer
Consolidated ownership by acquiring remaining 49% interest in Joaquin in
December 2012
Potential to add significant silver production and cash flow with further
exploration upside
Project fits Company’s stated financial and operating criteria
Measured and Indicated resources of 65.2 million silver ounces¹
and Inferred
resources of 3.1 million silver ounces
Mineral resources being updated to include all drilling data subsequent to
September 2012 Technical Report
Accelerating feasibility work
Positive results from initial metallurgical tests
Subsequent development decision will be based on economics and assessment
of political and business environment in Argentina
Exploration upside
Doubled silver Measured and Indicated resources in September 2012¹
Continuing exploration drilling to expand and upgrade resources
The La Negra and La Morocha deposits account for less than 5% of
the total
28,400 ha land package, double the size of Palmarejo


NYSE: CDE
|   TSX: CDM
22
Non-GAAP to U.S. GAAP Reconciliation
Adjusted EBITDA¹
Adjusted EBITDA Reconciliation (in thousands of
US$)
LTM 3Q 2012
3Q 2012
2Q 2012
1Q 2012
4Q 2011
Net income
$22,491
$(15,821)
$22,973
$3,975
$11,364
Income tax provision
109,163
17,475
23,862
15,436
52,390
Interest expense, net of capitalized interest
29,800
7,351
7,557
6,670
8,222
Interest and other income
(9,753)
(12,664)
3,221
(5,007)
4,697
Fair value adjustments, net
25,687
37,648
(16,039)
23,113
(19,035)
Loss on debt extinguishments
3,886
3,886
Depreciation and depletion
224,626
52,844
61,024
52,592
58,166
Adjusted EBITDA
$405,900
$86,833
$102,598
$96,779
$119,690
1. Coeur expects to report fourth quarter and full year 2012 audited financial results on Thursday, February 21, 2013.


NYSE: CDE
|   TSX: CDM
23
Non-GAAP to U.S. GAAP Reconciliation (Cont’d)
Operating Cash Flow –
Consolidated¹
1. Coeur expects to report fourth quarter and full year 2012 audited financial results on Thursday, February 21, 2013.
Operating Cash Flow Reconciliation
(in thousands of US$)
3Q 2012
2Q 2012
1Q 2012
4Q 2011
3Q 2011
Cash provided by operating activities
$79,735
$113,203
$17,002
$87,412
$181,911
Changes in operating assets and liabilities
Receivables and other current assets
5,648
(10,319)
2,956
(8,904)
10,513
Prepaid expenses and other
2,481
2,857
(4,774)
8,839
8,697
Inventories
13,762
(3,097)
24,722
17,574
(23,234)
Accounts payable and accrued liabilities
(24,342)
(14,276)
53,929
(7,452)
(26,930)
Operating cash flow
$77,284
$88,368
$93,835
$97,469
$150,957


NYSE: CDE
|   TSX: CDM
24
Non-GAAP to U.S. GAAP Reconciliation (Cont’d)
Operating Cash Flow –
Palmarejo¹
1. Coeur expects to report fourth quarter and full year 2012 audited financial results on Thursday, February 21, 2013.
Operating Cash Flow Reconciliation (in thousands of US$)
3Q 2012
2Q 2012
1Q 2012
4Q 2011
3Q 2011
Cash provided by operating activities
$58.2
$90.5
$65.3
$70.9
$104.7
Changes in operating assets and liabilities
Receivables and other current assets
(4.1)
(12.5)
5.4
5.7
(0.8)
Prepaid expenses and other
(0.8)
0.5
(1.9)
(3.2)
3.4
Inventories
2.5
(11.5)
4.6
9.9
(16.2)
Accounts payable and accrued liabilities
(0.9)
(3.4)
8.0
(5.9)
0.1
Operating cash flow
$54.9
$63.6
$81.4
$77.4
$91.2
Operating Cash Flow –
San Bartolomé¹
Operating Cash Flow Reconciliation (in thousands of US$)
3Q 2012
2Q 2012
1Q 2012
4Q 2011
3Q 2011
Cash provided by operating activities
$19.8
$31.0
$(27.4)
$22.3
$78.1
Changes in operating assets and liabilities
Receivables and other current assets
7.1
(0.7)
2.2
0.2
5.0
Prepaid expenses and other
0.8
4.4
(2.8)
4.6
0.2
Inventories
5.0
(3.4)
4.7
2.9
(7.2)
Accounts payable and accrued liabilities
(21.5)
(6.5)
44.1
(1.3)
(26.5)
Operating cash flow
$11.2
$24.8
$20.8
$28.7
$49.6


NYSE: CDE
|   TSX: CDM
25
Non-GAAP to U.S. GAAP Reconciliation (Cont’d)
Operating Cash Flow –
Kensington¹
1. Coeur expects to report fourth quarter and full year 2012 audited financial results on Thursday, February 21, 2013.
Operating Cash Flow Reconciliation (in thousands of US$)
3Q 2012
2Q 2012
1Q 2012
4Q 2011
3Q 2011
Cash provided by operating activities
$5.0
$(12.5)
$1.1
$9.3
$8.6
Changes in operating assets and liabilities
Receivables and other current assets
2.3
4.6
(10.3)
(5.1)
5.0
Prepaid expenses and other
0.5
(0.5)
(1.0)
0.5
1.3
Inventories
1.8
9.9
3.3
(10.1)
(1.3)
Accounts payable and accrued liabilities
(2.3)
(0.9)
(0.9)
1.3
0.9
Operating cash flow
$7.3
$0.6
$(7.8)
$(4.1)
$14.5
Operating Cash Flow –
Rochester¹
Operating Cash Flow Reconciliation (in thousands of US$)
3Q 2012
2Q 2012
1Q 2012
4Q 2011
3Q 2011
Cash provided by operating activities
$7.3
$10.1
$(7.1)
$(11.4)
$0.9
Changes in operating assets and liabilities
Receivables and other current assets
0.6
(0.1)
0.3
(0.2)
0.2
Prepaid expenses and other
0.2
(1.0)
1.4
0.7
0.7
Inventories
6.5
3.9
11.2
14.2
5.9
Accounts payable and accrued liabilities
(1.6)
(1.1)
1.4
0.1
(5.0)
Operating cash flow
$13.0
$11.8
$7.2
$3.4
$2.7


NYSE: CDE
|   TSX: CDM
26
Non-GAAP to U.S. GAAP Reconciliation (Cont’d)
Cash Operating Costs¹
1. Coeur expects to report fourth quarter and full year 2012 audited financial results on Thursday, February 21, 2013.
(In thousands except ounces and per ounce costs)
Three months ended September 30,2012
Palmarejo
San
Bartolomé
Kensington
Rochester
Martha
Endeavor
Total
Total cash operating cost (Non-US GAAP)
$6,878
$18,504
$31,660
$7,853
$4,461
$2,241
$71,597
Royalties
1,879
1,441
100
3,420
Production taxes
Total cash costs (Non-US GAAP)
$6,878
$20,383
$31,660
$9,294
$4,561
$2,241
$75,017
Add/Subtract:
Third party smelting costs
(3,141)
(541)
(605)
(4,287)
By-product credit
39,034
17,506
124
56,664
Other adjustments
424
720
2
85
798
2,029
Change in inventory
2,337
(1,166)
(1,639)
(5,871)
1,539
345
(4,455)
Depreciation, depletion and amortization
33,997
4,161
11,512
2,061
66
898
52,695
Production costs applicable to sales, including
depreciation, depletion and amortization (US GAAP)
$82,670
$24,098
$38,394
$23,075
$6,547
$2,879
$177,663
Production of silver (in thousand ounces)
1,833,109
1,525,725
819,349
92,698
140,267
4,411,148
Cash operating cost per silver ounce
$3.75
$12.13
$9.58
$48.12
$15.97
$9.05
Cash costs per silver ounce
$3.75
$13.36
$11.34
$49.20
$15.97
$9.83
Production of gold (ounces)
24,391
24,391
Cash operating cost per gold ounce
$1,298
$1,298
Cash cost per gold ounce
$1,298
$1,298


NYSE: CDE
|   TSX: CDM
27
Non-GAAP to U.S. GAAP Reconciliation (Cont’d)
Cash Operating Costs¹
(In thousands except ounces and per ounce costs)
Three months ended June 30,2012
Palmarejo
San
Bartolomé
Kensington
Rochester
Martha
Endeavor
Total
Total cash operating cost (Non-US GAAP)
$(2,009)
$16,249
$29,083
$7,008
$5,942
$4,204
$60,477
Royalties
1,457
510
124
2,091
Production taxes
641
641
Total cash costs (Non-US GAAP)
$(2,009)
$17,706
$29,083
$8,159
$6,066
$4,204
$63,209
Add/Subtract:
Third party smelting costs
(2,820)
(1,444)
(1,449)
(5,713)
By-product credit
50,363
16,295
157
66,815
Other adjustments
124
117
7
229
26
503
Change in inventory
14,060
4,950
(10,165)
(3,931)
2,297
(202)
7,009
Depreciation, depletion and amortization
42,741
4,070
9,719
2,060
631
1,592
60,813
Production costs applicable to sales, including
depreciation, depletion and amortization (US GAAP)
$105,279
$26,843
$25,824
$22,812
$7,733
$4,145
$192,636
Production of silver (in thousand ounces)
2,365,484
1,470,342
712,706
107,895
240,168
4,896,595
Cash operating cost per silver ounce
($0.85)
$11.05
$9.83
$55.07
$17.50
$6.41
Cash costs per silver ounce
($0.85)
$12.04
$11.45
$56.21
$17.50
$6.97
Production of gold (ounces)
24,572
24,572
Cash operating cost per gold ounce
$1,348
$1,348
Cash cost per gold ounce
$1,348
$1,348
1. Coeur expects to report fourth quarter and full year 2012 audited financial results on Thursday, February 21, 2013.


NYSE: CDE
|   TSX: CDM
28
Non-GAAP to U.S. GAAP Reconciliation (Cont’d)
Cash Operating Costs¹
(In thousands except ounces and per ounce costs)
Three months ended March 31,2012
Palmarejo
San
Bartolomé
Kensington
Rochester
Martha
Endeavor
Total
Total cash operating cost (Non-US GAAP)
$(5,643)
$16,253
$20,168
$10,303
$5,708
$4,127
$50,916
Royalties
2,036
609
82
2,727
Production taxes
12
12
Total cash costs (Non-US GAAP)
$(5,643)
$18,289
$20,168
$10,924
$5,790
$4,127
$53,655
Add/Subtract:
Third party smelting costs
(1,083)
(1,975)
(788)
(3,846)
By-product credit
52,526
8,957
141
61,624
Other adjustments
244
(194)
7
87
57
201
Change in inventory
(1,268)
(4,487)
(2,001)
(10,403)
(320)
(601)
(19,080)
Depreciation, depletion and amortization
37,761
4,219
6,604
1,642
520
1,644
52,390
Production costs applicable to sales, including
depreciation, depletion and amortization (US GAAP)
$83,620
$17,827
$23,695
$11,207
$4,213
$4,382
$144,944
Production of silver (ounces)
2,482,814
1,591,292
441,337
122,793
247,958
4,886,194
Cash operating cost per silver ounce
($2.27)
$10.21
$23.35
$46.48
$16.64
$6.29
Cash costs per silver ounce
($2.27)
$11.49
$24.75
$47.15
$16.64
$6.85
Production of gold (ounces)
7,444
7,444
Cash operating cost per gold ounce
$2,709
$2,709
Cash cost per gold ounce
$2,709
$2,709
1. Coeur expects to report fourth quarter and full year 2012 audited financial results on Thursday, February 21, 2013.


NYSE: CDE
|   TSX: CDM
29
Non-GAAP to U.S. GAAP Reconciliation (Cont’d)
Cash Operating Costs¹
(In thousands except ounces and per ounce costs)
Three months ended December 31,2011
Palmarejo
San
Bartolomé
Kensington
Rochester
Martha
Endeavor
Total
Total cash operating cost (Non-US GAAP)
$(5,730)
$18,332
$24,035
$14,191
$4,386
$1,647
$56,861
Royalties
3,279
98
3,377
Production taxes
124
124
Total cash costs (Non-US GAAP)
$(5,730)
$21,611
$24,234
$14,315
$4,484
$1,647
$60,362
Add/Subtract:
Third party smelting costs
(1,881)
(516
(483)
(2,880)
By-product credit
57,501
3,344
242
61,068
Other adjustments
233
608
266
97
1,204
Change in inventory
(5,054)
(869)
9,407
(13,722)
(296)
(112)
(10,646)
Depreciation, depletion and amortization
42,646
6,021
7,016
1,152
474
750
58,059
Production costs applicable to sales, including
depreciation, depletion and amortization (US GAAP)
$89,596
$27,370
$38,577
$5,356
$4,486
$1,802
$167,187
Production of silver (ounces)
2,690,368
1,997,416
373,589
129,972
111,723
5,303,068
Cash operating cost per silver ounce
($2.13)
$9.18
$37.99
$33.75
$14.74
$6.19
Cash costs per silver ounce
($2.13)
$10.82
$38.32
$34.50
$14.74
$6.85
Production of gold (ounces)
13,299
13,299
Cash operating cost per gold ounce
$1,807
$1,807
Cash cost per gold ounce
$1,807
$1,807
1. Coeur expects to report fourth quarter and full year 2012 audited financial results on Thursday, February 21, 2013.


NYSE: CDE
|   TSX: CDM
30
Non-GAAP to U.S. GAAP Reconciliation (Cont’d)
Cash Operating Costs¹
(In thousands except ounces and per ounce costs)
Three months ended September 30,2011
Palmarejo
San
Bartolomé
Kensington
Rochester
Martha
Endeavor
Total
Total cash operating cost (Non-US GAAP)
$(2,607)
$19,210
$25,000
$12,912
$4,660
$3,068
$62,153
Royalties
3,217
827
234
4,278
Production taxes
260
260
Total cash costs (Non-US GAAP)
$(2,607)
$22,337
$25,000
$13,999
$4,894
$3,068
$66,691
Add/Subtract:
Third party smelting costs
(3,096)
(566)
(808)
(4,470)
By-product credit
51,185
2,433
198
53,816
Other adjustments
435
111
117
290
953
Change in inventory
15,099
7,637
2,443
(5,193)
3,328
949
24,263
Depreciation, depletion and amortization
41,174
6,062
9,568
556
237
914
58,511
Production costs applicable to sales, including
depreciation, depletion and amortization (US GAAP)
$105,286
$36,147
$33,915
$11,912
$8,381
$4,123
$199,764
Production of silver (ounces)
2,250,818
2,051,426
351,717
118,523
137,843
4,910,327
Cash operating cost per silver ounce
($1.16)
$9.32
$36.71
$39.31
$22.26
$7.57
Cash costs per silver ounce
($1.16)
$10.89
$39.80
$41.29
$22.26
$8.49
Production of gold (ounces)
25,687
725,687
Cash operating cost per gold ounce
$973
$973
Cash cost per gold ounce
$973
$973
1. Coeur expects to report fourth quarter and full year 2012 audited financial results on Thursday, February 21, 2013.


NYSE: CDE
|   TSX: CDM
31
Non-GAAP to U.S. GAAP Reconciliation (Cont’d)
Cash Operating Costs¹
(In thousands except ounces and per ounce costs)
Nine months ended September 30,2012
Palmarejo
San
Bartolomé
Kensington
Rochester
Martha
Endeavor
Total
Total cash operating cost (Non-US GAAP)
$(774)
$51,006
$80,911
$25,164
$16,110
$10,571
$182,988
Royalties
5,372
1,959
305
7,636
Production taxes
1,255
1,255
Total cash costs (Non-US GAAP)
$(774)
$56,378
$80,911
$28,378
$16,415
$10,571
$191,879
Add/Subtract:
Third party smelting costs
(7,044)
(3,959)
(2,843)
(13,846)
By-product credit
141,923
42,758
422
185,103
Other adjustments
792
642
17
401
882
2,734
Change in inventory
15,129
(703)
(13,805)
(20,206)
3,516
(457)
(16,526)
Depreciation, depletion and amortization
114,499
12,450
27,836
5,763
1,216
4,134
165,898
Production costs applicable to sales, including
depreciation, depletion and amortization (US GAAP)
$271,569
$68,767
$87,915
$57,094
$18,492
$11,405
$515,242
Production of silver (in thousand ounces)
6,681,407
4,587,359
1,973,392
323,286
628,393
14,193,197
Cash operating cost per silver ounce
($0.12)
$11.12
$12.75
$49.82
$16.82
$7.19
Cash costs per silver ounce
($0.12)
$12.29
$14.38
$50.76
$16.82
$7.82
Production of gold (ounces)
53,407
53,407
Cash operating cost per gold ounce
$1,515
$1,515
Cash cost per gold ounce
$1,515
$1,515
1. Coeur expects to report fourth quarter and full year 2012 audited financial results on Thursday, February 21, 2013.


NYSE: CDE
|   TSX: CDM
32
Non-GAAP to U.S. GAAP Reconciliation (Cont’d)
Cash Operating Costs¹
(In thousands except ounces and per ounce costs)
Nine months ended September 30,2011
Palmarejo
San
Bartolomé
Kensington
Rochester
Martha
Endeavor
Total
Total cash operating cost (Non-US GAAP)
$(3,014)
$49,946
$72,199
$17,787
$12,981
$9,926
$159,825
Royalties
8,281
1,734
587
10,602
Production taxes
728
728
Total cash costs (Non-US GAAP)
$(3,014)
$58,227
$72,199
$20,249
$13,568
$9,926
$171,155
Add/Subtract:
Third party smelting costs
(9,122)
(2,366)
(2,390)
(13,878)
By-product credit
139,842
6,554
706
147,102
Other adjustments
1,208
298
19
256
462
2,243
Change in inventory
1,216
(196)
7,015
(3,005)
(869)
45
4,206
Depreciation, depletion and amortization
116,584
16,387
28,823
1,655
81
2,398
165,928
Production costs applicable to sales, including
depreciation, depletion and amortization (US GAAP)
$255,836
$74,716
$98,934
$25,709
$11,582
$9,979
$476,756
Production of silver (ounces)
6,351,120
5,503,951
1,018,844
399,630
501,638
13,755,183
Cash operating cost per silver ounce
($0.47)
$9.07
$17.46
$32.48
$19.79
$6.36
Cash costs per silver ounce
($0.47)
$10.58
$19.87
$33.95
$18.85
$7.18
Production of gold (ounces)
75,121
75,121
Cash operating cost per gold ounce
$961
$961
Cash cost per gold ounce
$961
$961
1. Coeur expects to report fourth quarter and full year 2012 audited financial results on Thursday, February 21, 2013.


NYSE: CDE
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33
Coeur’s Mineral Reserves
Grade (oz/ton)
Contained ounces (000)
Year end 2012
Location
Short tons (000)
Silver
Gold
Silver
Gold
Proven  Reserves
Rochester
Nevada, USA
56,304
0.54
0.004
30,501
230
Martha
Argentina
San Bartolomé
Bolivia
1,187
2.92
3,460
Kensington
Alaska, USA
647
0.277
179
Endeavor
Australia
2,258
4.32
9,757
Palmarejo
Mexico
5,747
4.67
0.061
26,858
348
Total Proven Reserves
66,143
70,577
757
Probable Reserves
Rochester
Nevada, USA
23,619
0.61
0.003
14,396
78
Martha
Argentina
San Bartolomé
Bolivia
41,699
2.53
105,628
Kensington
Alaska, USA
4,020
0.208
837
Endeavor
Australia
2,508
1.43
3,588
Palmarejo
Mexico
7,105
3.69
0.045
26,251
317
Total Probable Reserves
78,951
149,863
1,231
Proven and Probable Reserves
Rochester
Nevada, USA
79,923
0.58
0.004
44,896
308
Martha
Argentina
San Bartolomé
Bolivia
42,886
2.54
109,088
Kensington
Alaska, USA
4,667
0.218
1,016
Endeavor
Australia
4,766
2.80
13,345
Palmarejo
Mexico
12,852
4.13
0.052
53,110
665
Total Proven and Probable Reserves
145,094
220,439
1,988
Mineral Reserves and Mineral Resources


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34
Mineral Reserves and Mineral Resources (Cont’d)
Coeur’s Measured and Indicated Resources (Excluding Reserves)
Grade (oz/ton)
Contained ounces (000)
Year end 2012
Location
Short tons (000)
Silver
Gold
Silver
Gold
Measured Resources
Rochester
Nevada, USA
135,558
0.47
0.004
53,921
498
Martha
Argentina
San Bartolomé
Bolivia
Kensington
Alaska, USA
382
0.239
91
Endeavor
Australia
10,639
1.98
21,088
Palmarejo
Mexico
3,186
7.13
0.099
22,720
315
Joaquin
Argentina
5,942
4.58
0.003
27,191
19
Lejano
Argentina
Total Measured Resources
155,707
134,920
924
Indicated Resources
Rochester
Nevada, USA
128,724
0.44
0.003
56,795
367
Martha
Argentina
57
13.57
0.017
775
1
San Bartolomé
Bolivia
20,040
2.27
45,463
Kensington
Alaska, USA
2,224
0.196
435
Endeavor
Australia
302
10.23
3,090
Palmarejo
Mexico
20,526
1.12
0.032
23,021
649
Joaquin
Argentina
11,398
3.33
0.004
37,980
42
Lejano
Argentina
1,233
2.42
0.008
2,983
10
Total Indicated Resources
184,504
170,108
1,504


NYSE: CDE
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35
Mineral Reserves and Mineral Resources (Cont’d)
Coeur’s Measured and Indicated Resources (Excluding Reserves) (Cont’d)
Grade (oz/ton)
Contained ounces (000)
Year end 2012
Location
Short tons (000)
Silver
Gold
Silver
Gold
Measured and Indicated Resources
Rochester
Nevada, USA
264,283
0.46
0.003
120,717
865
Martha
Argentina
57
13.57
0.017
775
1
San Bartolomé
Bolivia
20,040
2.27
45,463
Kensington
Alaska, USA
2,606
0.202
526
Endeavor
Australia
10,941
2.21
24,179
Palmarejo
Mexico
23,712
1.93
0.041
45,741
964
Joaquin
Argentina
17,340
3.76
0.004
65,171
61
Lejano
Argentina
1,233
2.42
0.008
2,983
10
Total Measured and Indicated Resources
340,210
305,028
2,427


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36
Mineral Reserves and Mineral Resources (Cont’d)
Coeur’s Inferred Resources
Grade (oz/ton)
Contained ounces (000)
Year end 2012
Location
Short tons (000)
Silver
Gold
Silver
Gold
Inferred Resources
Rochester
Nevada, USA
45,643
0.60
0.003
27,201
123
Martha
Argentina
204
4.75
0.005
969
1
San Bartolomé
Bolivia
2,826
1.17
3,319
Kensington
Alaska, USA
704
0.244
172
Endeavor
Australia
3,527
1.09
3,836
Palmarejo
Mexico
11,903
1.86
0.038
22,104
457
Joaquin
Argentina
1,060
2.94
0.003
3,113
4
Lejano
Argentina
3,307
1.73
0.006
5,713
19
Total Inferred Resources
69,174
66,254
775
Notes to the above Mineral Reserves and Resources.
1. Effective December 31, 2012 except Endeavor effective June 30, 2012. Joaquin’s Mineral Resources reflect Coeur’s 100% ownership of the project after acquiring the remaining 49% in
December 2012.
2. Metal prices used for Mineral Reserves were $27.50 per ounce of silver and $1,450 per ounce of gold, except Endeavor at $2,200 per metric ton of lead, $2,200 per metric ton of zinc and
$34 per ounce of silver.
3. Metal prices used for Mineral Resources were $33 per ounce of silver and $1,700 per ounce of gold except Endeavor at $2,200 per metric ton of lead, $2,200 per metric ton of zinc and
$34 per ounce of silver.
4. Mineral Resources are in addition to Mineral Reserves and have not demonstrated economic viability.
5. Palmarejo Mineral Reserves and Resources are the addition of Palmarejo, Guadalupe and La Patria.
6. Current Mineral Resources are inclusive of disputed and undisputed claims at Rochester. While the Company believes it holds superior position in the ongoing claim dispute, the Company
believes an adverse legal outcome would cause it to modify Mineral Resources.
7. Rounding of short tons and troy ounces, as required by reporting guidelines, may result in apparent differences between tons, grade and contained metal content.
8. For details on the estimation of Mineral Resources and Reserves for each property, please refer to the Technical Report on file at www.sedar.com.


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37
Mineral Reserves and Mineral Resources (Cont’d)
La Preciosa Mineral Resources
Category
Cutoff
g/t Ag
Tonnes
Ag
Grade (g/t)
Silver Ounces
Au
Grade (gt)
Gold
Ounces
Open Pit
Indicated
25
29,600,000
104
99,000,000
0.20
190,400
Inferred
25
47,700,000
86
132,000,000
0.16
245,400
Underground
Indicated
60
50,000
99
200,000
0.16
280
Inferred
60
1,960,000
124
7,600,000
0.21
13,200
Note: Data as per latest technical report filed on SEDAR. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability; Open pit resources stated as
contained within a potentially economically minable pit shell; Strip Ratio of 13:1; Pit optimization is based on assumed silver and gold prices of US$25.90/oz, US$1,465/oz, respectively, mill
recoveries of 88%, 78% respectively, mining costs of US$1.45/t, and a processing costs of US$17.25/t and G&A cost of US$4.35/t; Break-even cut-off grades used were 25 g/t Ag for open
pit mill material and 60 g/t Ag for underground material; Silver equivalency is based on unit values calculated from the above metal prices, and assumes 100% recovery of all metals;
Mineral resource tonnage and contained metal have been rounded to reflect the accuracy of the estimate, and numbers may not add due to rounding; George Cavey, P.Geo., is the
Qualified Person responsible for the preparation of the scientific and technical information related to La Preciosa that is included in this presentation.


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38
Contact Information
Head Office:
Coeur d’Alene Mines Corporation
505 Front Avenue
Coeur d’Alene, Idaho 83816-0316
Main Tel:
(208) 667-3511
Tickers:
CDE: NYSE; CDM: TSX
Website:
www.coeur.com
Mitch Krebs
President and Chief Executive Officer
Wendy Yang
Mike Harrison
Vice President, Investor Relations
Vice President, Business Development
(208) 665-0345
(208) 651-6428
wyang@coeur.com
mharrison@coeur.com