Coeur Mining / CDE (NYSE)

    Gold is trading at its highest level in almost 28 years and the outlook appears favourable with analysts forecasting that prices next year could challenge the record $850 a troy ounce reached in 1980.


    Dennis Wheeler, chief executive of Coeur d’Alene Mines, told the Denver Gold Forum on Monday that precious metals could be heading for a “perfect storm” that would boost prices.

    Parties Provide Transaction Update


    COEUR D'ALENE, Idaho & SYDNEY, Australia & LONGUEUIL, Quebec, Sep 24, 2007 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (CDE:
    CDE) (CA:CDM) , Bolnisi Gold NL (ASX: BSG) and Palmarejo Silver and Gold Corporation (CA:PJO) today announced that Coeur has filed its preliminary proxy statement with the Securities and Exchange Commission ("SEC") with respect to the issuance of Coeur shares pursuant to Coeur's proposed acquisition of Bolnisi and Palmarejo.
    The date of the special meeting of Coeur shareholders and the record date for the meeting will be specified in a definitive proxy statement that will be mailed to shareholders following the SEC's review of the preliminary proxy statement or, alternatively, the SEC's election to not review the preliminary proxy statement. For shareholders' general information, the preliminary proxy statement is available on the SEC's website at http://www.sec.gov, the Canadian securities regulators' website at http://www.sedar.com or Coeur's website at http://www.coeur.com.
    Transaction Update
    On May 3, 2007, Coeur, Bolnisi Gold NL, and Palmarejo announced that they entered into agreements to merge, which were approved unanimously by their respective boards of directors. Pursuant to the agreements, Coeur will acquire all of the shares of Bolnisi, and all the shares of Palmarejo not owned by Bolnisi, in a transaction valued at approximately US$1.1 billion.
    The companies have agreed to amend the Merger Implementation Agreements and the Bolnisi directors' option deeds to allow for adequate time for the required regulatory processes and receipt of the required shareholder and court approvals. The parties expect to close the transaction in the fourth quarter of 2007.
    The companies also announced that Bolnisi, with the consent of Coeur, will enter into a $20 million credit facility with Macquarie Bank Limited to fund ongoing project development. The facility will enable Bolnisi and Palmarejo to continue to develop the Palmarejo Project under the direction of the Project Development Committee, which consists of professional staff from Bolnisi, Palmarejo and Coeur.
    About Coeur
    Coeur d'Alene Mines Corporation is one of the world's leading primary silver producers and a growing gold producer. The company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, Nevada, and Tanzania. In 2006, Coeur produced 12.8 million ounces of silver and 116,000 ounces of gold. Cash costs in 2006 were $3.33 per ounce of silver for 2006.
    About Bolnisi Gold
    Bolnisi Gold NL is an Australia-based company engaged in mining and exploration for gold and minerals. The Company's activities are all Mexican precious metals operations with an existing portfolio of projects, which include the Palmarejo Silver-Gold project (including Trogan), Chihuahua; the Yecora Gold-Silver project, Sonora, and the El Realito Gold-Silver project, Chihuahua.
    About Palmarejo Silver & Gold
    Palmarejo Silver And Gold Corporation is a silver/gold exploration company listed on the TSX Venture Exchange under the symbol "PJO". Palmarejo's principal activity is to explore and develop gold and silver properties located in the Temoris District of Chihuahua, Mexico within the Sierra Madre Occidental mountain range.

    COEUR D'ALENE, Idaho, Sep 28, 2007 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (CDE: CDE) (CA:CDM) today announced updated exploration results at its Cerro Bayo Mine in Chile, where the accelerated drilling program on the company's large land holdings has continued to return consistently high-grade silver and gold intercepts close to the mine's processing facilities.
    The recent results are a continuation of the full-year $4.7 million program in 2007, which through the first six months of the year increased mineral reserve levels at Cerro Bayo by 51% over 2006 year-end levels. Due to the high grade nature of the new vein intercepts and their proximity to the processing facilities, permitting for underground access and future mine development has started.
    Exploration in the Cerro Bayo district has focused on five new major veins, discovered over the last four months of this year, located about one kilometer east of the Cerro Bayo ore processing facility. Nearly 10,000 meters of core drilling have been completed on Dagny, the parallel Fabiola vein, which lies about 250 meters to the east of Dagny, and the Dalila and Yasna veins in the same area. The Coyita vein, located about 300 meters to the east of Fabiola, is scheduled for initial drilling in October.
    The drill-defined mineralized body at Dagny is now over 600 meters long and nearly 150 meters in vertical height. Mineralization is still open for expansion to the southeast. At the parallel Fabiola vein, the drill-defined body is currently about 350 meters in strike length and about 120 meters in height. Mineralization is open both to the southeast and northwest and at depth.
    In addition, results from initial drilling on Yasna and Dalila discovered ore-grade mineralization in those veins with the most significant results to-date being 2.43 drill meters averaging 0.96 grams of gold per tonne (g/t) and 391 grams of silver per tonne in Yasna, and 0.43 drill meters averaging 59.12 grams of gold per tonne and 1,250 grams of silver per tonne in Dalila.

    Coeur Announces Filing of Definitive Proxy Statement
    Special Meeting of Shareholders to Vote on Matters Related to Proposed Acquisition of Bolnisi and Palmarejo to Be Held on December 3, 2007


    COEUR D'ALENE, Idaho, Oct 19, 2007 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (CDE: Coeur d'Alene Mines Corporation) (CA:CDM) today announced that it has filed a definitive proxy statement regarding the proposed acquisition of Bolnisi Gold NL (ASX: BSG) and Palmarejo Silver and Gold Corporation (CA:PJO) . The Company expects to commence mailing the proxy statement and all relevant materials to Coeur shareholders early next week.
    A special meeting of the shareholders of Coeur, to consider matters relating to the proposed acquisitions of Bolnisi and Palmarejo, will be held on December 3, 2007 at 9:30 a.m., local time, at The Coeur d'Alene Resort and Conference Center, Second Street and Front Avenue, Coeur d'Alene, Idaho. Coeur stockholders of record as of the close of business on October 19, 2007 will be entitled to vote at the special meeting. The merger is expected to close in the fourth quarter of 2007.
    As previously announced on May 3, 2007, Coeur, Bolnisi, and Palmarejo entered into agreements to merge, which were approved unanimously by their respective Boards of Directors. Pursuant to the agreements, Coeur will acquire all of the shares of Bolnisi, and all the shares of Palmarejo not owned by Bolnisi, in a transaction valued at approximately US$1.1 billion. The combination will create the world's undisputed leader in silver.
    The Board of Directors of Coeur unanimously approved the transaction and the issuance of Coeur common stock, and recommends that all Coeur shareholders vote "FOR" the issuance of Coeur shares in the transaction and the amendment to Coeur's articles of incorporation to increase the authorized number of Coeur shares. The proposals require the approval of a majority of the Coeur shares that are present or represented by proxy at the shareholder meeting.
    Shareholders are encouraged to read the Company's definitive proxy materials in their entirety as they provide, among other things, a detailed discussion of the process that led to the proposed merger and the reasons behind the Board of Directors' unanimous recommendation that stockholders vote FOR the issuance of Coeur shares in the transaction and the amendment to Coeur's articles of incorporation to increase the authorized number of Coeur shares.
    Coeur shareholders are reminded that their vote is very important regardless of the number of shares of common stock they own. Whether or not shareholders are able to attend the Special Meeting in person, they should complete, sign and date the proxy card and return it in the prepaid and addressed envelope as soon as possible or submit a proxy through the Internet or by telephone as described on the proxy card accompanying the definitive proxy statement.
    Shareholders who have questions about the merger or need assistance in submitting their proxy or voting their shares should contact D.F. King & Co., Inc., which is assisting Coeur, toll-free at (800) 901-0068 or (collect) at (212) 269-5550.
    About Coeur
    Coeur d'Alene Mines Corporation is one of the world's leading primary silver producers and a growing gold producer. The company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, Nevada, and Tanzania. In 2006, Coeur produced 12.8 million ounces of silver and 116,000 ounces of gold. Cash costs in 2006 were $3.33 per ounce of silver for 2006.

    Coeur Strengthens Management Team in South America and Alaska
    San Bartolome and Kensington Growth Projects Prepare for Operations and Production


    COEUR D'ALENE, Idaho, Oct 22, 2007 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (CDE: Coeur d'Alene Mines Corporation) (CA:CDM) today announced the appointment of key personnel at its growth projects, San Bartolome, Bolivia silver mine and Kensington, Alaska gold mine. Both mines are progressing toward the operations and production phase of development.
    "We are very pleased to announce that our San Bartolome silver mine and Kensington gold mine have almost completed construction and are moving toward the operations and production phase," said Dennis E. Wheeler, Chairman, President and Chief Executive Officer. "In tandem with this, Coeur has significantly strengthened its operations management team to secure the company's position as it moves to its next level of strategic growth. Production at San Bartolome remains on schedule to begin producing nine million ounces of silver annually, beginning in February. Additionally, construction at Kensington is over 90% complete and the process plant and ancillary construction activities, including pre-operational testing, are fully complete."
    San Bartolome, Bolivia
    At San Bartolome, Rick Irvine has been appointed General Manager for the mine in Potosi, Bolivia. Rick recently joined Coeur and Empresa Minera Manquiri, Coeur's Bolivian subsidiary. He has 17 years of mining experience in Canada, Argentina, Chile, Honduras, Nicaragua, as well as Bolivia. Rick was most recently Operations Manager at the Manantial Espejo development project in Argentina. He was also previously Vice President and Chief Operating Officer of Apogee Minerals.
    As San Bartolome moves toward its expected February 2008 startup, over 1,600 personnel on site at the project have surpassed 2 million man hours without a lost time accident. All major construction contracts have been awarded for the project, with engineering 100% complete, and procurement of equipment and materials 98% complete.
    Kensington, Alaska
    At Kensington - Coeur's major gold project near Juneau, Alaska - Tom Henderson has been promoted to General Manager for Coeur Alaska. Tom has been Mine Manager at Coeur's Kensington Mine since beginning with the company in late 2006. Effective November 1, Mr. Henderson will also become General Manager of the Kensington as it moves toward its production phase.
    Tom was previously a mining manager at the Robinson Mine in Ruth, Nevada, and also worked at the Goldstrike Mines in Carlin, Nevada. Tom was also mine manager at the Grasberg Mine, one of the world's largest mines located in Indonesia. Tom brings a total of 29 years of mining operations experience to his new position at Kensington.
    Construction at Kensington is over 90% complete. The process plant and ancillary construction activities, including pre-operational testing, are fully complete. A supplemental operations team remains focused on improving the process plant control systems, as well as other minor activities including sediment control, overall site maintenance, and weather conditioning.
    Additional Personnel Changes
    Bernie O'Leary was named Director of Technical Services, based in Sydney Australia. Bernie succeeds Stuart Mathews, who was promoted to lead the Palmarejo silver and gold project in Chihuahua Mexico. Bernie brings with him 23 years of mine production management and planning experience at small to large mine operations in both New Zealand and Australia and, most recently, was mining manager at Barrick's Cowal Gold Mine in NSW, Australia.
    Greg Blaylock was named to Manager of Mining for the Palmarejo Project in Chihuahua, Mexico; Hector Figueroa was named to Geology Manager at Palmarejo.
    Coeur d'Alene Mines Corporation is one of the world's leading primary silver producers and a growing gold producer. The company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, Nevada, and Tanzania.

    COEUR D'ALENE, Idaho, Oct 26, 2007 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (CDE: CDE) (CA:CDM) today announced the appointment of Donald Gray as Vice President and General Manager of Compania Minera Cerro Bayo, Coeur's wholly owned subsidiary that owns and operates the Cerro Bayo Mine in southern Chile.
    Don joins Coeur with more than 27 years of operational and developmental mining experience, most recently as Vice President and General Manager of Minera Hecla Venezolana, in Venezuela. He is a graduate of the University of Idaho in mining engineering and also holds a masters degree in civil engineering from the Massachusetts Institute of Technology. Don has also worked for Newmont Mining, Exxon and Climax Molybdenum.
    In addition to its ongoing silver and gold production, Cerro Bayo has a $4.8 million exploration program underway in 2007, which already through the first half of the year increased silver mineral reserves by 51% over year-end 2006 levels.
    Coeur d'Alene Mines Corporation is one of the world's leading primary silver producers and a growing gold producer. The company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, Nevada, and Tanzania.

    COEUR D'ALENE, Idaho, Oct 26, 2007 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (CDE: CDE ) (CA:CDM) will report its third quarter 2007 results on Friday, November 2, 2007 before the New York Stock Exchange opens for trading. There will be a conference call that day at 2:00 p.m. Eastern time.


    Dial-In Numbers: (866) 853 - 4681 (US and Canada)
    (660) 422 - 4718 (International)


    Conference ID: 21052099




    The conference call and presentation will also be web cast on the company's web site http://www.coeur.com.
    Hosting the call will be Dennis E. Wheeler, Chairman, President and Chief Executive Officer of the company, who will be joined by James A. Sabala, Executive Vice President and Chief Financial Officer, and other members of management.
    A replay of the call will be available through November 9, 2007. The replay dial-in numbers are (800) 642-1687 (US and Canada) and (706) 645-9291 (International) and the access code is 21052099. In addition, the call will be archived for a limited time on the company's web site.
    Coeur d'Alene Mines Corporation is one of the world's leading primary silver producers and has a strong presence in gold. The company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, Nevada and Tanzania.

    COEUR D'ALENE, Idaho, Oct 30, 2007 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (CDE: CDE) (CA:CDM) said today that a three-judge panel of the United States Court of Appeals for the Ninth Circuit has issued a ruling that denies the Petitions for Rehearing En Banc filed by Coeur Alaska, the State of Alaska and Goldbelt, Inc. as well the limited Petition for Rehearing filed by the Department of Justice, representing the U.S. Forest Service and the U.S. Army Corps of Engineers.
    The same Ninth Circuit three-judge panel had previously ruled on the legal challenge filed by Southeast Conservation Council, the Sierra Club and Lynn Canal Conservation challenging the Kensington Section 404 Permit issued by the U.S. Army Corps of Engineers. The Federal District Court in Alaska had upheld the permit, and the Plaintiffs appealed that decision to the Ninth Circuit in August, 2006. The Ninth Circuit three-judge panel reversed the District Court on May 22, 2007. The Department of Justice, representing the U.S. Forest Service and the U.S. Army Corps of Engineers, as well as Coeur Alaska, the State of Alaska and Goldbelt, a native corporation, all asked the Ninth Circuit Court to reconsider the prior May 22 decision. Today's order denies the reconsideration by this Court.
    The Company is continuing its discussions with the Plaintiffs to explore options for the Kensington Mine to begin production as well as reviewing a possible appeal to the Supreme Court of the United States.
    Coeur d'Alene Mines Corporation is one of the world's leading primary silver producers and has a strong presence in gold. The company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, Nevada and Tanzania.

    COEUR D'ALENE, Idaho, Nov 02, 2007 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (CDE: Coeur d'Alene Mines Corporation) (CA:CDM) today reported quarterly revenue of $52.9 million compared to $50.6 million during last year's third quarter. Quarterly net income totaled $3.6 million, or $0.01 per diluted share, compared to net income of $18.4 million, or $0.06 per diluted share for the third quarter of 2006. Included in the third quarter results for 2007 are expenses of $2.5 million associated with the cessation of mining activities at the Rochester mine during the third quarter.
    For the first nine months of 2007, revenue was $155.4 million, compared to $149.5 million in the year-ago period. Net income during the first nine months of 2007 was $29.6 million, or $0.10 per diluted share, compared to net income of $65.3 million, or $0.23 per share, for the same period in 2006. Results for the first nine months of 2006 included a gain of $11.1 million from the sale of Coeur Silver Valley ("CSV") as well as $2.0 million of income from CSV operations.
    In terms of production levels, Coeur produced 2.7 million ounces of silver and 20,500 ounces of gold during the third quarter and 8.3 million ounces of silver and 70,500 ounces of gold through the first nine months of the year. Coeur produced 3.3 million ounces of silver and 30,000 ounces of gold during the third quarter of 2006 and 9.4 million ounces of silver and 84,500 ounces of gold during the first nine months of 2006.
    In commenting on the Company's performance, Dennis E. Wheeler, Chairman, President and Chief Executive Officer, said, "During the recent quarter, we made substantial progress on all of the Company's strategic initiatives that we believe will result in Coeur becoming the world's undisputed leader in silver. The San Bartolome silver mine in Bolivia, the world's largest pure silver mine under construction, remains on schedule for a February 2008 production start up.
    "In Australia, both Broken Hill and Endeavor continue to deliver improved results in 2007. Cash costs remain consistently low and we are nearing complete payback of our investments made just 2 years ago. The Company expects to continue receiving silver production from Endeavor for at the least the next 15 years and from Broken Hill for the next 7 years," Mr. Wheeler continued.
    "The Bolnisi Gold NL and Palmarejo Silver and Gold Corporation merger transaction is expected to close in mid-December following the Coeur shareholder vote on December 3, 2007. Construction is progressing at the Palmarejo project under Coeur's management. We believe the Palmarejo project is the largest and highest quality silver-gold project currently under development in the world today. Once Palmarejo is in production in 2009, Coeur expects to produce nearly 29 million ounces of silver--a 142% increase over current levels--at industry-low cash costs below $1.75 per ounce--a 55% reduction from current levels."

    Mayor of Juneau Announces Progress in Discussions between Coeur d'Alene Mines Corporation (Coeur Alaska) and Environmental Groups on Kensington Tailings Plan


    COEUR D'ALENE, Idaho, Nov 16, 2007 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (CDE: Coeur d'Alene Mines Corporation) (CA:CDM) reported that Bruce Botelho, Mayor of Juneau, Alaska, has announced that the Southeast Alaska Conservation Council, Lynn Canal Conservation, the Juneau Group of the Sierra Club, and Coeur Alaska all stated they will ask the U.S. Forest Service to examine the use of an alternative site using paste technology for disposal of mine tailings at Coeur's Kensington Gold Mine.

    COEUR D'ALENE, Idaho, Nov 20, 2007 (BUSINESS WIRE) -- Dennis E. Wheeler, Chairman, President, and Chief Executive Officer of Coeur d'Alene Mines Corporation (CDE: Coeur d'Alene Mines Corporation) (CA:CDM) , will speak at the Bear Stearns Third Annual Commodities and Capital Goods Conference in New York City on November 28 at 4:00 p.m. Eastern time. Mr. Wheeler will present an overview of the company's strategy and growth prospects.
    The slides used by Mr. Wheeler will be available in the Investor Relations section of Coeur's web site, http://www.coeur.com.
    Coeur d'Alene Mines Corporation is one of the world's leading primary silver producers and has a strong presence in gold. The Company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, and Nevada.

    Leading Proxy Advisory Firms Recommend Coeur Shareholders Vote ''FOR'' Proposals Relating to Pending Acquisitions



    COEUR D'ALENE, Idaho, Nov 21, 2007 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (CDE: Coeur d'Alene Mines Corporation) (CA:CDM) today announced that two of the nation's most influential independent proxy advisory firms, Institutional Shareholder Services (ISS) and Glass Lewis & Co., have each recommended that Coeur shareholders vote "FOR" the proposals related to the acquisition of Bolnisi Gold NL (ASX:BSG) and Palmarejo Silver and Gold Corporation (CA:PJO) at the Company's Special Meeting of shareholders scheduled for December 3, 2007.
    In recommending that Coeur shareholders vote "FOR" the proposed acquisition, ISS stated in its November 20, 2007 report:
    "Based on our review of the terms of the transaction and the factors described above, in particular the strategic rationale, the opportunities available to the combined company and the increased liquidity of the combined company's stock, we believe that the merger agreement warrants shareholder support."(a)
    Glass Lewis also recommended that shareholders vote "FOR" all proposals relating to the acquisition. In its November 20, 2007 report, Glass Lewis stated:
    "Given the strategic rationale of the Transactions, the financial fairness of the proposed exchange ratios, and in the absence of significant conflicts, we believe that shareholders should support this proposal. The resulting scale of the three-way combination will yield operational and strategic benefits otherwise not available to the Company as a stand-alone entity."(a)
    "We are very pleased to have the support of both ISS and Glass Lewis," said Dennis E. Wheeler, Coeur's Chairman, President and Chief Executive Officer. "Clearly, both proxy advisory firms recognize the transformative nature of this transaction and the potential for the tremendous value it will create for all Coeur shareholders. On behalf of the entire Board of Directors, I urge all Coeur shareholders to vote "FOR" the merger proposals. We look forward to closing this transaction and working toward becoming the world's undisputed leader in silver."
    Coeur shareholders are reminded that their vote is very important regardless of the number of shares of common stock they own. Whether or not shareholders are able to attend the Special Meeting in person, they should complete, sign and date the proxy card and return it in the prepaid and addressed envelope as soon as possible or submit a proxy through the Internet or by telephone as described on the proxy card that accompanied the definitive proxy statement.
    The Special Meeting of Coeur shareholders to consider and vote upon the proposed merger has been scheduled for December 3, 2007 at 9:30 a.m. local time at The Coeur d'Alene Resort and Conference Center, Second Street and Front Avenue, Coeur d'Alene. Coeur shareholders of record as of the close of business on October 19, 2007 will be entitled to vote at the special meeting.
    Shareholders who have questions about the transactions and the special meeting, including the procedures for voting your shares, should call D.F. King & Co., Inc., which is assisting Coeur, at 1-800-901-0068 (toll-free) or (collect) at 212-269-5550.
    About Coeur
    Coeur d'Alene Mines Corporation is one of the world's leading primary silver producers and a growing gold producer. The company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, Nevada, and Tanzania. In 2006, Coeur produced 12.8 million ounces of silver and 116,000 ounces of gold. Cash costs in 2006 were $3.33 per ounce of silver for 2006.

    SAN FRANCISCO (MarketWatch) -- Coeur d'Alene Mines Corp. (CDE:
    Coeur d'Alene Mines Corporation) said Tuesday that Proxy Governance Inc., an independent proxy advisory firm, recommended Coeur shareholders vote for the proposed buyout of Bolnisi Gold NL and Palmarejo Silver and Gold Corp. (CA:PJO: palmarejo silver & gold corp com) at the special shareholders' meeting scheduled for Monday. In May, Coeur d'Alene said it agreed to merge with Bolnisi and Palmarejo in a deal valued at about $1.1 billion. End of Story

    SYDNEY, Nov 28, 2007 (Dow Jones Commodities News via Comtex) -- Australia-listed miner Bolnisi Gold NL (BSG.AU) said Thursday its shareholders will be eligible for capital gains tax relief on gains made as a result of the merger with Coeur D'Alene Mines Corp. (CDE), citing a ruling from the Austalian Tax Office.
    Coeur, a silver producer, accounted the US$1.1 billion merger with Bolnisi and Palmajero Silver & Gold Corp. (PJO.T) in May this year, seeking to create the world's largest silver producer.
    Bolnisi shareholders will be eligible for capital gains tax 'scrip for scrip' rollover relief when exchanging Bolnisi shares for replacement shares in Coeur.
    The ruling relates to shareholders that are Australian tax residents.

    -- San Bartolome Remains on Track for February Startup; Sets New Safety Milestones --



    COEUR D'ALENE, Idaho, Nov 26, 2007 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (CDE: Coeur d'Alene Mines Corporation) (CA:CDM) today announced that the Bolivian Congress on Friday approved a reform to the mining tax code, bringing tax certainty to the country's mining industry and Coeur's San Bartolome silver mine in Potosi, Bolivia.
    Construction at San Bartolome, which is nearing three million man hours without a lost time accident, is scheduled for completion and startup in February, 2008, at an annualized rate of 9 million ounces of silver per year.
    As reported in newswires late last week, Bolivia's Congress approved a reform to the mining tax code that will increase income tax rates to 37.5 percent from 25 percent. In addition, payments under Bolivia's Complementary Mining Tax (CMT), which are based on gross revenues and range from 1% to 10% and are tied to metals prices, will now be deductible for tax purposes rather than creditable against income taxes under the previous mining tax code.
    "We are pleased that the Bolivian Congress has passed President Morales' legislation which brings certainty to the mining tax issue, as well as to Coeur's San Bartolome project, the largest new pure silver mine in the world," said Dennis E. Wheeler, Chairman, President and Chief Executive Officer of Coeur. "Coeur considers these tax reforms to be consistent with what the company has utilized in its economic model for the mine. We look forward to startup in February, and the mine's ongoing contribution to Bolivian worker safety, representative of Coeur's approach to safe and environmentally sound development."
    The 1,600 strong workforce, made up primarily of Bolivians, is nearing three million man hours without a lost time accident.
    San Bartolome is expected to produce at an annualized rate of approximately 9 million silver ounces per year. In 2007, silver ore reserves were increased by 3.5 million ounces to a total of 155.4 million ounces at June 30. Additional indicated mineral resources increased to 32.3 million silver ounces.
    Coeur d'Alene Mines Corporation is one of the world's leading primary silver producers and a growing gold producer. The company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, Nevada, and Tanzania.
    Cautionary Statement: Company press releases may contain numerous forward-looking statements within the meaning of securities legislation in the United States and Canada relating to the company's silver and gold mining business. Such statements are subject to numerous assumptions and uncertainties, many of which are outside the company's control. Operating, exploration and financial data, and other statements in this document are based on information the company believes reasonable, but involve significant uncertainties as to future gold and silver prices, costs, ore grades, estimation of gold and silver reserves, mining and processing conditions, construction schedules, currency exchange rates, and the completion and/or updating of mining feasibility studies, changes that could result from the company's future acquisition of new mining properties or businesses, the risks and hazards inherent in the mining business (including environmental hazards, industrial accidents, weather or geologically related conditions), regulatory and permitting matters, risks inherent in the ownership and operation of, or investment in, mining properties or businesses in foreign countries, as well as other uncertainties and risk factors set out in the company's filings from time to time with the SEC and the Ontario Securities Commission, including, without limitation, the company's reports on Form 10-K and Form 10-Q. Actual results and timetables could vary significantly from the estimates presented. Readers are cautioned not to put undue reliance on forward-looking statements. The company disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise. Donald J. Birak, Coeur's Senior Vice President of Exploration, is the qualified person responsible for the preparation of the scientific and technical information in this document. Mr. Birak has reviewed the available data and procedures and believes the collection of exploration data and calculation of mineral reserves reported in this document was conducted in a professional and competent manner. For a description of the key assumptions, parameters and methods used to estimate mineral reserves and resources, as well as 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 project as filed on SEDAR at http://www.sedar.com.
    SOURCE: Coeur d'Alene Mines Corporation


    Coeur d'Alene Mines Corporation
    Tony Ebersole, Director of Investor Relations
    208-665-0777

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