Coeur Reports Solid First Quarter Results

COEUR D'ALENE, ID - Coeur d'Alene Mines Corporation produced 4.9 million ounces of silver and 43,901 ounces of gold in the first quarter of 2012, which resulted in $204.6 million in sales and $93.8 million in operating cash flow1 during the first quarter of 2012.

The first quarter operating and financial results reflect a solid start to 2012. We are particularly pleased that full production has resumed two months ahead of schedule at Kensington, in Alaska, said Mitchell J. Krebs, President and Chief Executive Officer. Despite cost pressures throughout our industry, we are proud to have reduced cash operating costs1 per ounce by 25% in the first quarter compared to the same period last year. In addition, we experienced a 38% reduction in our general and administrative costs. Our 2012 production guidance of 18.5 - 20.0 million ounces of silver and 210,000 - 230,000 ounces of gold remains unchanged. With silver and gold prices remaining resilient, we are on-track for a robust second quarter and full-year 2012 performance.

Krebs continued, Palmarejo, in Mexico, remains our largest producer and cash flow contributor and posted a strong first quarter. San Bartolom, in Bolivia, performed consistently in the first quarter and successfully operated above the 4,400 meter level during most of the quarter. The first quarter marked Rochester's initial three months of operation since resuming active mining in December. We expect production at Rochester, in Nevada, to increase each quarter of 2012 as more material is added to the new leach pad. With Kensington now completing several critical projects, the focus will turn to achieving sustainable production levels and reducing costs. With Kensington and Rochester reaching operational consistency, all four of our major long-lived mines are expected to contribute to strong second quarter and full-year performance.

The company's address is 505 Front Avenue, P.O. Box I, Coeur d'Alene, ID 83816-0316.