Coeur d'Alene Mines - Increasing Production & Cash Flow

5 Silver, 1 Gold mine(s) operating - Reserves of: Silver 500m oz, Gold 5m oz

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Message: CDE Q2 Production Results & Guidance
Coeur Reports Strong Second Quarter Production Results and Reaffirms Full-Year Production Guidance

Palmarejo's silver and gold production rose 24% and 23%, respectively, versus prior quarter

CHICAGO--(BUSINESS WIRE)--Jul. 16, 2013-- Coeur Mining, Inc. (the “Company” or “Coeur”) (NYSE: CDE) (TSX: CDM) announced it produced 4.6 million ounces of silver and 60,757 ounces of gold during the second quarter of 2013. These production levels represent increases of 21% for silver and 7% for gold compared to the first quarter. Palmarejo's silver and gold production increased 24% and 23%, respectively, over the first quarter of 2013.

The Company also reaffirmed its full-year 2013 consolidated production guidance of 18.0-19.5 million ounces of silver and 250,000-265,000 ounces of gold.

Coeur will report its full second quarter operating and financial results on August 8, 2013.

Table 1: Operational Highlights: Production

(silver ounces in thousands) 2Q 2013 1Q 2013

Quarter

Variance

Silver Gold Silver Gold Silver Gold
Palmarejo 2,045 28,191 1,646 22,965 24 % 23 %
San Bartolomé 1,523 1,391 9 % n.a.
Rochester 844 9,404 648 8,742 30 % 8 %
Kensington 23,162 25,206 n.a. (8 %)
Endeavor 221 150 47 % n.a.
Total 4,633 60,757 3,835 56,913 21 % 7 %

2013 Outlook

The Company's 2013 production guidance remains unchanged. Coeur anticipates higher than planned silver production from San Bartolomé and higher than planned gold production from Palmarejo to offset lower than planned silver and gold production fromRochester.

Table 2: 2013 Production Outlook

(silver ounces in thousands) Country Silver Gold
Palmarejo Mexico 7,700-8,300 104,000-109,000
San Bartolomé Bolivia 5,600-5,900
Rochester Nevada, USA 4,100-4,500 38,000-42,000
Kensington Alaska, USA 108,000-114,000
Endeavor Australia 600-800
Total 18,000-19,500 250,000-265,000

Mitchell Krebs, President and Chief Executive Officer, commented, “Our second quarter operating performance improved significantly compared to this year's first quarter and last year's fourth quarter. Operating consistency is a key priority for Coeur and I believe we're making solid progress.

“Since late last year, Coeur has been pursuing a four-prong strategy designed to maximize the Company's operating cash flow: (1) identifying and implementing revenue enhancement opportunities at existing operations such as process recovery improvements; (2) reducing operating costs, including third party services, overtime wages, and usage rates of certain consumables; (3) completing existing capital projects on-time and on-budget and targeting significantly lower capital expenditures in 2014; and (4) effectively managing working capital, including drawing down inventory levels of certain operating supplies.

“Since May, the management team has been pursuing other initiatives in response to lower silver and gold prices. We have eliminated 40 current or open positions from the organization, several capital projects have been deferred, a review of all general and administrative costs is underway, nearly 15% of our 2013 generative exploration budget has been reallocated to nearer-term, higher-grade targets, and our mine plans at each operation are currently being reviewed and optimized,” Mr. Krebs added.

“While we will continue to focus on these initiatives in order to maximize operating cash flow, we will also seek to take advantage of the current environment to invest in high-quality, high-return opportunities - both internal and external - that we believe will strengthen the Company over the long-term,” he said.

Table 3:

Results of Operations by Mine - Palmarejo

2Q 2013 1Q 2013 4Q 2012 3Q 2012 2Q 2012
Underground Operations:
Tons mined 183,267 151,232 139,925 143,747 162,820
Average silver grade (oz/t) 4.59 4.22 4.70 6.13 8.91
Average gold grade (oz/t) 0.11 0.09 0.08 0.09 0.14
Surface Operations:
Tons mined 363,758 388,651 465,498 424,380 321,758
Average silver grade (oz/t) 4.95 3.45 2.62 2.79 4.14
Average gold grade (oz/t) 0.04 0.03 0.02 0.03 0.04
Processing:
Total tons milled 570,322 573,170 563,123 532,775 489,924
Average recovery rate – Ag 76.5% 78.8% 84.2% 90.0% 84.2%
Average recovery rate – Au 81.2% 90.1% 91.4% 102.5% 92.0%
Silver production - oz (000's) 2,045 1,646 1,555 1,833 2,365
Gold production - oz 28,191 22,965 19,998 23,702 31,258

Table 4:

Results of Operations by Mine - San Bartolomé

2Q 2013 1Q 2013 4Q 2012 3Q 2012 2Q 2012
Tons milled 424,310 374,985 363,813 344,349 391,005
Average silver grade (oz/t) 4.0 4.1 4.2 4.9 4.3
Average recovery rate 90.3% 90.6% 88% 90.3% 88.3%
Silver production (000's) 1,523 1,391 1,343 1,526 1,470

Table 5:

Results of Operations by Mine - Rochester

2Q 2013 1Q 2013 4Q 2012 3Q 2012 2Q 2012
Tons mined 2,457,423 2,924,472 3,031,428 3,170,129 2,585,914
Average silver grade (oz/t) 0.58 0.52 0.51 0.52 0.63
Average gold grade (oz/t) 0.003 0.003 0.005 0.004 0.005
Silver production (000's) 844 648 828 819 713
Gold production 9,404 8,742 12,055 10,599 10,120

Table 6:

Results of Operations by Mine - Kensington

2Q 2013 1Q 2013 4Q 2012 3Q 2012 2Q 2012
Tons mined 135,123 116,747 140,626 113,770 84,632
Tons milled 127,987 129,057 129,622 123,428 97,794
Average gold grade (oz/t) 0.18 0.20 0.23 0.21 0.23
Average recovery rate 98.2% 96.2% 96.9% 95.9% 94.2%
Gold production 23,162 25,206 28,718 24,391 21,572

Table 7:

Results of Operations by Mine - Endeavor

2Q 2013 1Q 2013 4Q 2012 3Q 2012 2Q 2012
Silver Production (000's) 221 150 105 140 240

Source: Coeur Mining, Inc.

Coeur Mining, Inc.
Bridget Freas, Director, Investor Relations
(312) 268-5784

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