Coeur Reports Third Quarter 2007 Results



    COEUR D'ALENE, IDAHO, November 2 /CNW/ - Coeur d'Alene Mines Corporation
(NYSE:  CDE) (TSX: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."

    
    Update on Strategic Growth Initiatives:
    ----------------------------------------------------------------------

    --Bolnisi and Palmarejo Transactions: On May 3, 2007, Coeur, Bolnisi
       Gold NL, and Palmarejo Silver and Gold Corporation announced the
       companies had entered into agreements to merge. Coeur has commenced
       mailing of the proxy materials to its shareholders, will hold a
       shareholder meeting on December 3, 2007, and expects to close these
       transactions in mid-December. The record date for this shareholder
       vote is October 19, 2007. The Bolnisi and Palmarejo shareholder
       meetings are scheduled to be held on December 3.

      The Palmarejo Project is expected to be the largest and highest
       quality silver-gold project currently being built in the world
       today. The mine is expected to begin production in the first
       quarter of 2009 at an average annual rate of production of 10.4
       million ounces of silver and 115,000 ounces of gold, which will
       nearly double Coeur's current production profile. Once in
       production, cash costs at Palmarejo are projected to average
       negative $0.41 per ounce of silver(1) (after gold by-product
       credits), which will result in a 55% reduction in Coeur's
       companywide projected cash costs to an industry-low of $1.75 per
       ounce of silver. Capital costs to place the project into production
       are estimated to be approximately $200 million.

      When combined with Coeur's production from its existing operations
       and expected production from San Bartolome, the combined companies
       expect to produce nearly 29 million ounces of silver in 2009,
       making Coeur the largest primary silver producer in the world. The
       combined companies also expect to produce approximately 200,000
       ounces of gold, which will allow Coeur to maintain its current
       revenue split between silver and gold of two-thirds/one-third,
       respectively. Compared with current production levels, Coeur is
       anticipating increases of 142% and 65% in silver and gold
       production, respectively, between 2007 and 2009.

      Palmarejo Silver and Gold and Bolnisi Gold announced substantial
       mineral resource increases at the Palmarejo project during the
       third quarter. Mineral resources at the Guadalupe deposit, located
       seven kilometers from the main Palmarejo project area, more than
       doubled to 39 million ounces of silver (3.8 million indicated
       ounces; 35.1 million inferred ounces) and nearly 400,000 ounces of
       gold (49,000 indicated ounces; 345,000 inferred ounces).

      In total, the current Palmarejo mineral resource stands at 150
       million ounces of silver resources (88.7 million measured and
       indicated ounces; 61.4 million inferred ounces) and 1.7 million
       ounces of gold resources (987,000 measured and indicated ounces;
       719,000 inferred ounces).

      Also during the third quarter, Coeur announced the appointment of
       Stuart Mathews as Interim Project Manager for the Palmarejo Project
       and he is expected to be named General Manager at Palmarejo once
       the transaction is completed. Mr. Mathews has a Master's Degree in
       Geology from the University of Canterbury, Christchurch, New
       Zealand, and has worked in a number of senior geology, project
       development and management positions at major mines and mining
       projects throughout Australia, New Zealand, South America and
       Mexico.

    (1) Costs are averaged over the initial mine life of an estimated
     eight year period assessed in Coeur's Preliminary Assessment for the
     Palmarejo project.
    

    
    --San Bartolome Silver Project (Bolivia): San Bartolome is expected to
       initially produce an annualized rate of approximately 6 to 9
       million ounces of silver per year, which will increase Coeur's
       total silver production by approximately 75% over current levels.
       Construction activities continue with over two million man hours
       worked without a lost-time accident. Recent tax legislation has
       been passed by Bolivia's House and is currently in the Senate,
       which would result in a 50% effective tax rate. Coeur considers
       this proposed tax package to be acceptable and believes it would
       not materially impact the project's existing financial metrics.

      The Company is pleased to report that Rick Irvine has been appointed
       General Manager for San Bartolome. Rick recently joined Coeur and
       Empresa Minera Manquiri, Coeur's Bolivian subsidiary, with 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.
    

    
    --Kensington Gold Project (Alaska): At Kensington, the mill and
       related surface facilities are now 100% complete, as is the nearly
       two-and-a-half mile underground tunnel connecting the Kensington
       and the Jualin properties, where the mill and processing facilities
       are located. Contractors from Kake Tribal/Redpath Native
       Corporation joint venture, along with Coeur Alaska, completed the
       final 6,800 feet of tunneling over the past year.

      The Company is continuing to review its options to resolve the
       Kensington litigation relating to the tailings disposal facility to
       enable the mine to proceed to production. As announced by the Mayor
       of Juneau, Bruce Botelho, the parties met in Juneau on October 2nd
       and October 15th and plan to hold further meetings next month. In
       addition, the City and Borough of Juneau has agreed to sponsor a
       third party facilitator to meet with the parties to work toward a
       desirable outcome.

      The Kensington Mine is expected to produce 150,000 ounces of gold
       per year in its initial years at an estimated cash cost of $310 per
       ounce of gold, with an expected 10-15 year mine life based on
       current mineral inventory. The mine has 1.35 million ounces of
       proven and probable gold mineral reserves.

      On October 18, Coeur announced the appointment of Tom Henderson as
       General Manager for Coeur Alaska. Mr. Henderson was Mine Manager at
       Kensington for the past year and brings a total of thirty years of
       mining operations experience to Coeur Alaska, including management
       roles at the Grasberg Mine in Indonesia and the Robinson Mine and
       Goldstrike mines in Nevada.
    

    Balance Sheet and Capital Investment Highlights

    The Company had $208.8 million in cash, equivalents and short term
investments as of September 30, 2007. Capital expenditures during the third
quarter of 2007 totaled $57.3 million, most of which was spent on the San
Bartolome silver project.

    Mr. Wheeler commented, "Our liquidity position remains very strong, with
$209 million in cash, equivalents and short-term investments. Together with
cash flow from operations, we expect to complete the construction of the San
Bartolome silver project, the Palmarejo silver and gold project, and the
Kensington gold project without the need for additional outside capital."

    
    3Q Production Highlights by Individual Property
    ----------------------------------------------------------------------

    --Cerro Bayo (Chile) - Silver production increased 5% and gold
       production was comparable to last year's third quarter; however,
       cash costs during the third quarter were $15.58 per ounce compared
       to $8.33 per ounce in the prior year's quarter. Costs were
       significantly higher due to increases in contract and outside
       services, supplies, diesel, explosives, supervision and other
       operating costs associated with the transition to bulk mining
       methods.

      Mr. Wheeler commented, "Clearly, we are disappointed with the
       operating performance at Cerro Bayo. We have made several recent
       personnel changes that are expected to improve operating
       performance. Most importantly, we have hired Don Gray as the new
       General Manager for Cerro Bayo. Mr. Gray was most recently Vice
       President and General Manager for Hecla at its La Camorra operation
       in Venezuela. Mr. Gray is a mining engineering graduate of the
       University of Idaho with a Masters degree in civil engineering from
       MIT. He has 27 years of mining industry experience, including 16
       years with Hecla. He has also worked for Newmont, Exxon and Climax
       Molybdenum.

      "In addition, we are conducting a full review of the mine planning
       and scheduling processes. We are also expanding the exploration
       program to increase the number of higher-grade, wider veins that
       will be mined going forward. As previously reported, these
       exploration efforts have already resulted in a 51% increase in
       Cerro Bayo's mineral reserves. These reserve additions represent
       higher-grade ounces that are located near existing processing
       facilities, open in most directions, and are already being
       incorporated in the operation's development and mining plan."
    

    
    --Martha (Argentina) - Silver production was nearly 544,000 ounces in
       the third quarter of 2007 compared to approximately 806,000 ounces
       in the third quarter of 2006. The decrease in silver production was
       primarily due to a 35% decrease in silver ore grades. This
       reduction in grade contributed to higher cash costs per ounce in
       the third quarter of $8.33 per ounce compared to $4.01 per ounce in
       the third quarter of 2006. Cash costs per ounce were also impacted
       by increases in certain operating expenses, including labor,
       royalties and export taxes.

      Year-to-date, Martha has produced nearly 2.0 million ounces of
       silver, which is comparable to the production levels achieved
       during the first nine months of 2006.

      Completion of a 240 tonnes per day, $13.9 million stand-alone mill
       at Martha is on schedule for a completion in December. The mill
       will support the Company's ongoing success in expanding the mine's
       reserve and resource base and is expected to lower per ounce cash
       costs.
    

    
    --Rochester (Nevada) - Mining operations ceased, as scheduled, during
       August as Rochester entered its residual leaching phase, which is
       expected to continue through 2011. During this phase, we expect to
       experience continued low cash costs and generate substantial net
       cash flow. As a result of this transition to processing-only
       operations, cash costs declined 43% to $0.65 per ounce of silver,
       compared to $1.14 per ounce in the previous year's third quarter.
       Both silver and gold production were lower than the previous year's
       third quarter due to this scheduled transition.
    

    
    --Endeavor (Australia) - Silver production increased by 26% from the
       third quarter of last year, with cash costs consistent at $2.65 per
       ounce of silver. The mine continues to show production improvement
       since last fall, as mine development accelerates into the fourth
       quarter of 2007. Year-to-date, silver production is up 51% compared
       to the first nine months of 2006 to nearly 457,000 ounces.

      Since acquiring the silver reserves and production from the Endeavor
       mine in May of 2005, Coeur has recouped nearly 50% of its initial
       investment from approximately 1.1 million payable ounces of silver
       produced to date. According to the terms of the acquisition, Coeur
       will pay the remainder of the acquisition price of approximately
       $26.6 million, subject to certain conditions and will be entitled
       to receive an additional 18.9 million payable silver ounces before
       reaching the agreed-upon cap of 20.0 million payable ounces. Coeur
       expects to continue generating cash flow and silver production from
       Endeavor for at least fifteen more years, making this transaction a
       high-return investment for Coeur's shareholders.
    

    
    --Broken Hill (Australia) - Silver production was 427,000 ounces in
       the third quarter compared to 587,000 ounces in the year-ago
       quarter. Cash costs of $3.10 per ounce of silver were consistent
       with the year ago period. Broken Hill continues to steadily
       increase its production rates each month since suffering a fatality
       on-site in January, which caused the mine to be shut-down for
       approximately six weeks as it reviewed its safety practices and
       implemented safety training to all mine employees.

      Since acquiring the silver reserves and production from the historic
       Broken Hill mine in September of 2005, Coeur has recouped over 75%
       of its initial investment from approximately 3.7 million payable
       ounces of silver produced to date. According to the terms of the
       transaction, Coeur is entitled to receive an additional 13.5
       million ounces of silver production before reaching the agreed upon
       cap of 17.2 million payable ounces. Based on current mining levels,
       Coeur expects to continue generating cash flow from silver
       production from Broken Hill for another seven years, producing a
       high return on investment for Coeur's shareholders.
    

    Exploration Results Continuing at South American Properties

    Exploration results at the Company's aggressive drilling programs at its
Cerro Bayo and Martha Mines in southern Chile and Argentina continued to
return positive results in the third quarter, a continuation of a exploration
program that in the first six months of the year have resulted in a 51%
increase in silver mineral reserves at Cerro Bay and a 25% increase in silver
mineral reserves at Martha through the first six months of the year over last
year's levels.

    In addition to the positive drill results announced in September at Cerro
Bayo, drilling continues on the new Coigues Este area, including two new
veins, Dalila and Yasna, which brings the total to five new veins now under
exploration within approximately one kilometer of the existing plant
facilities. Focus remains on the Dagny and Fabiola systems, plus new drill
holes on Dalila and Yasna with continued good results.

    Drilling also began on a new target at Martha--the Isabel Oeste vein.
This target is about one kilometer north of the Martha mine, and southwest of
the nearby Betty West structure discovered last year. So far on the new Isabel
Oeste, the first three drill holes intersected high-grade silver and gold in
rock types similar to the Martha mine. Coeur's Martha mine staff is currently
planning a decline into the Betty West zone, and will drive by the Isabel
zone, which could be accessed by the Betty West decline.

    Drilling has also commenced at the Rochester mine at new high-grade
structures identified last quarter in the Rochester deposit. These structures
extend below and between the Rochester and Nevada Packard deposits. In
addition, at Kensington in Alaska, drilling began recently on targets in the
Jualin area adjacent to the Kensington Mine.

    About Coeur

    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.

    Conference Call Information

    Coeur d'Alene Mines Corporation will hold a conference call to discuss
the Company's third quarter 2007 results at 2 p.m. Eastern time on November 2,
2007. To listen live via telephone, call 866-853-4681 (US and Canada) or
660-422-4718 (International). The conference ID number is 21052099. The
conference call and presentation will also be web cast on the Company's web
site, www.coeur.com. 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.

    
    New drill data from the Coigues Este area of Cerro Bayo and from the
     Martha mine area:

                    Mineralized Interval (meters) Assays (g/t)
    Drill Hole I.D.--------------------------------------------   Vein
                     From    To   Interval Horiz.   Au    Ag
                                            Width
    ----------------------------------------------------------------------
    Cerro Bayo District drilling data (October 2007)
    ----------------------------------------------------------------------
        FCH-227     96.73  97.14    0.41    0.37   3.99   591  Dagny
    ----------------------------------------------------------------------
          228       262.58 267.3    4.72    2.9    3.40   158  Dagny
    ----------------------------------------------------------------------
          231       357.24 359.69   2.45    1.2    0.18   17   Dagny
    ----------------------------------------------------------------------
          232       54.84  55.15    0.30    0.25   0.05    5   Fabiola
    ----------------------------------------------------------------------
          233       104.34 105.7    1.36    1.36   1.43   460  Fabiola
    ----------------------------------------------------------------------
          234       62.95  63.84    0.89    0.75   1.19   298  Dagny
    ----------------------------------------------------------------------

    ----------------------------------------------------------------------
    Martha District, new Isabel Oeste and Martha Este drilling (October
     2007)
    ----------------------------------------------------------------------
    M-558           301.76 302.9    1.14    1.12   1.27  1,277 Isabel
    ----------------------------------------------------------------------
                    304.95 305.5    0.55    0.54   0.05  1,633 Loop
    ----------------------------------------------------------------------
    M-559           288.6  289.1    0.50    0.49   0.35   363  Isabel
    ----------------------------------------------------------------------
    M-560           266.2  267.3    1.10    1.08   0.19   912  Isabel
    ----------------------------------------------------------------------
                    274.5  276.0    1.50    1.47   0.05   152  Loop
    ----------------------------------------------------------------------

    ----------------------------------------------------------------------
    M-564            95.4  95.96    0.56    0.48   1.00   889  Martha Este
    ----------------------------------------------------------------------
    

    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 concerning Coeur's mineral reserve information in this
document. For a description of the key assumptions, parameters and methods
used to estimate mineral reserves, 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 www.sedar.com.

    Additional Information

    The proxy statement that Coeur filed with the United States Securities
and Exchange Commission ("SEC") and Ontario Securities Commission and mail to
its shareholders contains information about Coeur, Bolnisi, Palmarejo, the
Palmarejo Project, the transaction and related matters. Shareholders are urged
to read the proxy statement carefully, as it will contain important
information that shareholders should consider before making a decision about
the transaction. In addition to receiving the proxy statement from Coeur by
mail, shareholders may also obtain the proxy statement, as well as other
filings containing information about Coeur, without charge, from the SEC's
website (www.sec.gov) and the Canadian securities regulators' website
(www.sedar.com) or, without charge, from Coeur. This announcement is neither a
solicitation of a proxy, an offer to purchase, nor a solicitation of an offer
to sell shares of Coeur. Coeur and its executive officers and directors may be
deemed to be participants in the solicitation of proxies from Coeur's
shareholders with respect to the proposed transaction. Information regarding
any interests that Coeur's executive officers and directors may have in the
transaction will be set forth in the proxy statement. The Coeur shares to be
issued in the transaction have not been and will not be registered under the
Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent registration or an applicable exemption from registration
requirements. Coeur intends to issue such Coeur shares pursuant to the
exemption from registration set forth in Section 3(a)(10) of the Securities
Act.

    Copies of the merger implementation agreements and certain related
documents are filed with the SEC and Canadian securities regulators and are
available at the SEC's website at www.sec.gov and at the Canadian securities
regulators' website at www.sedar.com.

    
              COEUR D'ALENE MINES CORPORATION AND SUBSIDIARIES
       CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
                                 (Unaudited)

                                     Three Months         Nine Months
                                  Ended September 30, Ended September 30,
                                      2007     2006       2007     2006
                                     -------  -------    -------  -------
    REVENUES                       (In thousands except per share data)

    Sales of metal                  $ 52,863 $ 50,606   $155,388 $149,501

    COSTS AND EXPENSES
    Production costs applicable to
     sales                            38,231   21,915     85,991   63,602
    Depreciation and depletion         3,895    6,536     16,669   19,843
    Administrative and general         4,706    4,045     16,590   13,662
    Exploration                        3,268    2,572      8,699    6,474
    Litigation settlement                  -      874        507    1,343
                                     -------  -------    -------  -------

      Total costs and expenses        50,100   35,942    128,456  104,924

    OTHER INCOME AND EXPENSE
    Interest and other income          3,436    5,619     12,301   12,933
    Interest expense, net of
     capitalized interest                (79)    (232)      (249)  (1,120)
                                     -------  -------    -------  -------
      Total other income and
       expense                         3,357    5,387     12,052   11,813

    Income from continuing
     operations before income
     taxes                             6,120   20,051     38,984   56,390
    Income tax provision              (2,485)  (1,673)    (9,413)  (4,155)
                                     -------  -------    -------  -------

    INCOME FROM CONTINUING
     OPERATIONS                        3,635   18,378     29,571   52,235
    Income from discontinued
     operations, net of income
     taxes                                 -        -          -    1,969
    Gain (loss) on sale of net
     assets of discontinued
     operations                            -      (27)         -   11,132
                                     -------  -------    -------  -------

    NET INCOME                         3,635   18,351     29,571   65,336
    Other comprehensive income
     (loss)                             (226)     420        290    2,161
                                     -------  -------    -------  -------

    COMPREHENSIVE INCOME            $  3,409 $ 18,771   $ 29,861 $ 67,497
                                     -------  -------    -------  -------

    BASIC AND DILUTED INCOME PER
     SHARE
    Basic income per share:
    Income from continuing
     operations                     $   0.01 $   0.07   $   0.11 $   0.19
    Income from discontinued
     operations                            -        -          -     0.05
                                     -------  -------    -------  -------
    Net income                      $   0.01 $   0.07   $   0.11 $   0.24
                                     -------  -------    -------  -------

    Diluted income per share:
    Income from continuing
     operations                     $   0.01 $   0.06   $   0.10 $   0.18
    Income from discontinued
     operations                            -        -          -     0.05
                                     -------  -------    -------  -------
    Net income                      $   0.01 $   0.06   $   0.10 $   0.23
                                     -------  -------    -------  -------

    Weighted average number of
     shares of common stock
       Basic                         277,800  277,543    277,747  269,259
       Diluted                       302,336  302,172    302,249  293,975
    

    
    Operating Statistics From Continuing Operations

    The following table presents information by mine and consolidated
     sales information for the three- and nine-month periods ended
     September 30, 2007 and 2006:

                                 Three Months Ended    Nine Months Ended
                                     September 30,        September 30,
                                    2007      2006       2007      2006
                                 ---------- --------- ---------- ---------
    Rochester
       Tons processed               911,925 2,648,263  4,861,935 7,917,710
       Ore grade/Ag oz                 0.51      0.83       0.65      0.75
       Ore grade/Au oz                 0.00      0.01       0.01      0.01
       Recovery/Ag oz (A)            244.6%     63.9%     108.9%     62.0%
       Recovery/Au oz (A)            465.0%     93.0%     135.3%     68.1%
       Silver production ounces   1,144,622 1,403,302  3,554,651 3,704,960
       Gold production ounces        12,244    21,583     40,679    55,965
       Cash cost/oz                   $0.65     $1.14      $2.72     $2.58
       Total cost/oz                  $2.47     $4.02      $5.51     $5.68
    Cerro Bayo
       Tons milled                  105,767   105,945    263,312   321,581
       Ore grade/Ag oz                 4.28      4.04       4.60      5.64
       Ore grade/Au oz                0.076     0.075       0.11     0.088
       Recovery/Ag oz                 93.8%     94.9%      94.5%     94.4%
       Recovery/Au oz                 90.0%     92.0%      92.7%     92.1%
       Silver production ounces     424,206   405,586  1,145,654 1,711,153
       Gold production ounces         7,229     7,325     26,874    26,054
       Cash cost/oz                  $15.58     $8.33      $8.45     $3.86
       Total cost/oz                 $18.92    $11.25     $12.09     $6.20
    Martha Mine
       Tons milled                    9,382     9,101     27,246    24,767
       Ore grade/Ag oz                60.10     92.82      76.27     84.56
       Ore grade/Au oz                0.118     0.123      0.116     0.111
       Recovery/Ag oz                 96.5%     95.5%      95.1%     94.7%
       Recovery/Au oz                 91.7%     91.9%      92.8%     91.9%
       Silver production ounces     543,803   806,384  1,975,927 1,982,884
       Gold production ounces         1,015     1,026      2,939     2,535
       Cash cost/oz                   $8.33     $4.01      $6.34     $4.51
       Total cost/oz                  $9.03     $4.39      $6.83     $4.94
    Endeavor (B)
       Tons milled                  280,978   218,997    818,844   440,776
       Ore grade/Ag oz                 1.27      0.94       1.07      1.07
       Recovery/Ag oz                 48.3%     66.1%      52.3%     63.9%
       Silver production ounces     171,834   136,849    456,552   302,019
       Cash cost/oz                   $2.65     $2.52      $2.91     $2.48
       Total cost/oz                  $3.66     $3.39      $3.90     $3.59
    Broken Hill
       Tons milled                  472,531   614,620  1,221,918 1,721,512
       Ore grade/Ag oz                 1.12      1.27       1.19      1.33
       Recovery/Ag oz                 80.4%     75.1%      83.3%     73.3%
       Silver production ounces     427,254   587,360  1,206,595 1,672,713
       Cash cost/oz                   $3.10     $3.05      $3.16     $3.07
       Total cost/oz                  $4.87     $5.01      $5.05     $5.54
    CONSOLIDATED PRODUCTION
     TOTALS
       Silver ounces              2,711,719 3,339,481  8,339,379 9,373,729
       Gold ounces                   20,488    29,934     70,492    84,554
       Cash cost per oz/silver        $5.04     $3.10      $4.44     $3.31
       Total cost/oz                  $6.82     $5.14      $6.57     $5.53
    CONSOLIDATED SALES TOTALS
       Silver ounces sold         2,984,932 3,020,351  8,466,845 9,148,095
       Gold ounces sold              22,249    26,595     72,401    81,486
       Realized price per silver
        ounce                        $12.87    $11.55     $13.34    $11.73
       Realized price per gold
        ounce                          $702      $634       $669      $625

    (A) The leach cycle at Rochester requires 5 to 10 years to recover
     gold and silver contained in the ore.  The Company estimates the
     ultimate recovery to be approximately 61.5% for silver and 93% for
     gold.  However, ultimate recoveries will not be known until leaching
     operations cease which is currently estimated to occur in 2011.
     Current recovery may vary significantly from ultimate recovery.  See
     Critical Accounting Policies and Estimates - Ore on Leach Pad.
    

    
    Operating Statistics From Discontinued Operation

    The following table presents information for Coeur Silver Valley which
     was sold on June 1, 2006:

                                     Three Months         Nine Months
                                  Ended September 30, Ended September 30,
                                    2007      2006      2007     2006(1)
                                  --------- ------------------------------
    Silver Valley/Galena
       Tons milled                        -         -         -     52,876
       Ore grade/Silver oz                -         -         -      15.15
       Recovery/Silver oz                 -         -         -      96.0%
       Silver production ounces           -         -         -    768,674
       Cash cost/oz                       -         -         -      $9.75
       Total cost/oz                      -         -         -     $10.64
       Gold production                    -         -         -        180

    (1)Amounts represent five months ended May 31, 2006.
    

    "Cash Costs per Ounce" are calculated by dividing the cash costs computed
for each of the Company's mining properties for a specified period by the
amount of gold ounces or silver ounces produced by that property during that
same period. Management uses cash costs per ounce as a key indicator of the
profitability of each of its mining properties. Gold and silver are sold and
priced in the world financial markets on a US dollar per ounce basis.

    "Cash Costs" are costs directly related to the physical activities of
producing silver and gold, and include mining, processing and other plant
costs, third-party refining and smelting costs, marketing expense, on-site
general and administrative costs, royalties, in-mine drilling expenditures
that are related to production and other direct costs. Sales of by-product
metals are deducted from the above in computing cash costs. Cash costs exclude
depreciation, depletion and amortization, corporate general and administrative
expense, exploration, interest, and pre-feasibility costs and accruals for
mine reclamation. Cash costs are calculated and presented using the "Gold
Institute Production Cost Standard" applied consistently for all periods
presented.

    Total cash costs per ounce is a non-GAAP measurement and investors are
cautioned not to place undue reliance on it and are urged to read all GAAP
accounting disclosures presented in the consolidated financial statements and
accompanying footnotes. In addition, see the reconciliation of "cash costs" to
production costs under "Reconciliation of Non-GAAP Cash Costs to GAAP
Production Costs" set forth below.

    Reconciliation of Non-GAAP Cash Costs to GAAP Production Costs

    The tables below present reconciliations between Non-GAAP cash costs per
ounce to production costs applicable to sales including depreciation,
depletion and amortization (GAAP).

    Total cash costs include all direct and indirect operating cash costs
related directly to the physical activities of producing metals, including
mining, processing and other plant costs, third-party refining and marketing
expense, on-site general and administrative costs, royalties and mining
production taxes, net of by-product revenues earned from all metals other than
the primary metal produced at each unit. Total cash costs are a performance
measure and provide management and investors an indication of net cash flow,
after consideration of the realized price received for production sold.
Management also uses this measurement for the comparative monitoring of
performance of our mining operations period-to-period from a cash flow
perspective. "Total cash cost per ounce" is a measure developed by precious
metals companies in an effort to provide a comparable standard, however, there
can be no assurance that our reporting of this non-GAAP measure is similar to
that reported by other mining companies.

    Production costs applicable to sales including depreciation, depletion
and amortization, is the most comparable financial measure calculated in
accordance with GAAP to total cash costs. The sum of the production costs
applicable to sales and depreciation, depletion and amortization for our mines
as set forth in the tables below is included in our Consolidated Statement of
Operations and Comprehensive Loss.

    
    THREE MONTHS ENDED SEPTEMBER 30, 2007
    (In thousands except ounces and per ounce costs)


                                           Rochester  Cerro Bayo  Martha
                                           ---------- ---------- ---------

    Production of Silver (ounces)           1,144,622   424,206   543,803
    Cash Costs per ounce                   $     0.65 $   15.58  $   8.33
                                           ---------- ---------- ---------

    Total Cash Costs (Non-GAAP)            $      739 $   6,611  $  4,532
    Add/Subtract:
    Third party smelting costs                      -      (901)     (420)
    By-product credit (1)                       8,332     4,912       692
    Other adjustments                           1,177         -         -
    Change in inventory                         7,572     3,974        (1)
    Depreciation, depletion and
     amortization                               2,088     1,416       382
                                           ---------- ---------- ---------

    Production costs applicable to sales,
     including depreciation, depletion and
     amortization (GAAP)                   $   19,908 $  16,012  $  5,185
                                           ---------- ---------- ---------


                                         Endeavor  Broken Hill    Total
                                         --------- ----------- -----------

    Production of Silver (ounces)         171,834     427,254   2,711,719
    Cash Costs per ounce                 $   2.65    $   3.10  $     5.04
                                         --------- ----------- -----------

    Total Cash Costs (Non-GAAP)          $    456    $  1,325  $   13,663
    Add/Subtract:
    Third party smelting costs               (294)       (482)     (2,097)
    By-product credit (1)                       -           -      13,936
    Other adjustments                           -           -       1,177
    Change in inventory                       (21)         28      11,552
    Depreciation, depletion and
     amortization                             174         756       4,816
                                         --------- ----------- -----------

    Production costs applicable to
     sales, including depreciation,
     depletion and amortization (GAAP)   $    315    $  1,627  $   43,047
                                         --------- ----------- -----------
    

    
    THREE MONTHS ENDED SEPTEMBER 30, 2006
    (In thousands except ounces and per ounce costs)


                                           Rochester  Cerro Bayo  Martha
                                          ----------- ---------- ---------

    Production of Silver (ounces)          1,403,302    405,586   806,384
    Cash Costs per ounce                  $     1.14  $    8.33  $   4.01
                                          ----------- ---------- ---------

    Total Cash Costs (Non-GAAP)           $    1,598  $   3,380  $  3,230
    Add/Subtract:
    Third party smelting costs                     -       (672)     (552)
    By-product credit (1)                     13,423      4,542       630
    Other adjustments                            383          -         -
    Change in inventory                       (4,635)      (546)        -
    Depreciation, depletion and
     amortization                              4,037      1,184       313
                                          ----------- ---------- ---------

    Production costs applicable to sales,
     including depreciation, depletion
     and amortization (GAAP)              $   14,806  $   7,888  $  3,621
                                          ----------- ---------- ---------


                                         Endeavor  Broken Hill    Total
                                         --------- ----------- -----------

    Production of Silver (ounces)         136,849     587,360   3,339,481
    Cash Costs per ounce                 $   2.52  $     3.05  $     3.10
                                         --------- ----------- -----------

    Total Cash Costs (Non-GAAP)          $    346  $    1,791  $   10,345
    Add/Subtract:
    Third party smelting costs               (224)       (666)     (2,114)
    By-product credit (1)                       -           -      18,595
    Other adjustments                           -           -         383
    Change in inventory                       (35)        (78)     (5,294)
    Depreciation, depletion and
     amortization                             119       1,152       6,805
                                         --------- ----------- -----------

    Production costs applicable to
     sales, including depreciation,
     depletion and amortization (GAAP)   $    206  $    2,199  $   28,720
                                         --------- ----------- -----------
    

    
    NINE MONTHS ENDED SEPTEMBER 30, 2007
    (In thousands except ounces and per ounce costs)


                                        Rochester  Cerro Bayo    Martha
                                        ---------- ----------- -----------

    Production of Silver (ounces)        3,554,651  1,145,654   1,975,927
    Cash Costs per ounce                $     2.72 $     8.45  $     6.34
                                        ---------- ----------- -----------

    Total Cash Costs (Non-GAAP)         $    9,673 $    9,682  $   12,531
    Add/Subtract:
    Third party smelting costs                   -     (2,352)     (1,402)
    By-product credit (1)                   27,028     17,827       1,962
    Other adjustments                        1,828          -           -
    Change in inventory                      4,296      1,641         517
    Depreciation, depletion and
     amortization                            9,919      4,165         966
                                        ---------- ----------- -----------

    Production costs applicable to
     sales, including depreciation,
     depletion and amortization (GAAP)  $   52,744 $   30,963  $   14,574
                                        ---------- ----------- -----------


                                         Endeavor  Broken Hill    Total
                                         --------- ----------- -----------

    Production of Silver (ounces)         456,552   1,206,595   8,339,379
    Cash Costs per ounce                 $   2.91  $     3.16  $     4.44
                                         --------- ----------- -----------

    Total Cash Costs (Non-GAAP)          $  1,328  $    3,809  $   37,023
    Add/Subtract:
    Third party smelting costs               (910)     (1,451)     (6,115)
    By-product credit (1)                       -           -      46,817
    Other adjustments                           -           -       1,828
    Change in inventory                        10         (26)      6,438
    Depreciation, depletion and
     amortization                             453       2,284      17,787
                                         --------- ----------- -----------

    Production costs applicable to
     sales, including depreciation,
     depletion and amortization (GAAP)   $    881  $    4,616  $  103,778
                                         --------- ----------- -----------
    

    
    NINE MONTHS ENDED SEPTEMBER 30, 2006
    (In thousands except ounces and per ounce costs)


                                        Rochester  Cerro Bayo    Martha
                                       ----------- ----------- -----------

    Production of Silver (ounces)       3,704,960   1,711,153   1,982,884
    Cash Costs per ounce               $     2.58  $     3.86  $     4.51
                                       ----------- ----------- -----------

    Total Cash Costs (Non-GAAP)        $    9,570  $    6,602  $    8,939
    Add/Subtract:
    Third party smelting costs                  -      (2,464)     (1,333)
    By-product Credit (1)                  33,899      15,713       1,523
    Other adjustments                       1,320           -           -
    Change in inventory                   (11,657)     (2,142)          -
    Depreciation, depletion and
     amortization                          11,491       4,004         853
                                       ----------- ----------- -----------

    Production costs applicable to
     sales, including depreciation,
     depletion and amortization (GAAP) $   44,623  $   21,713  $    9,982
                                       ----------- ----------- -----------


                                         Endeavor  Broken Hill    Total
                                         --------- ----------- -----------

    Production of Silver (ounces)         302,019   1,672,713   9,373,729
    Cash Costs per ounce                 $   2.48  $     3.07  $     3.31
                                         --------- ----------- -----------

    Total Cash Costs (Non-GAAP)          $    750  $    5,127  $   30,988
    Add/Subtract:
    Third party smelting costs               (481)     (2,000)     (6,278)
    By-product Credit (1)                       -           -      51,135
    Other adjustments                           -           -       1,320
    Change in inventory                       (89)        325     (13,563)
    Depreciation, depletion and
     amortization                             334       4,137      20,819
                                         --------- ----------- -----------

    Production costs applicable to
     sales, including depreciation,
     depletion and amortization (GAAP)   $    514  $    7,589  $   84,421
                                         --------- ----------- -----------
    

    
    The following tables present a reconciliation between non-GAAP cash
     costs per ounce to GAAP production costs applicable to sales reported
     in Discontinued Operations:

    Coeur Silver Valley/Galena                         NINE MONTHS
                                                   ENDED SEPTEMBER 30,
    -------------------------------------------
                                                         2006 (2)
                                                --------------------------

    Production of Silver (ounces)                                  768,674
    Cash Costs per ounce                                             $9.75
                                                --------------------------

    Total Cash Costs (Non-GAAP)                                     $7,498
    Add/Subtract:
    Third party smelting costs                                     (1,464)
    By-Product credit (1)                                            1,473
    Change in inventory                                                726
    Depreciation, depletion and amortization                           681
                                                --------------------------

    Production costs applicable to sales,
     including depreciation, depletion and
     amortization (GAAP)                                           $ 8,914
                                                --------------------------

    (1) By-product credits are based upon production units and the
     period's average metal price for the purposes of reporting cash costs
     per ounce.

    (2) Amounts represent five months ended May 31, 2006.
    

    
               COEUR D'ALENE MINES CORPORATION AND SUBSIDIARIES
                         CONSOLIDATED BALANCE SHEETS
                                 (Unaudited)

                                                September 30, December 31,
                                                    2007          2006
                                                ------------- ------------
    ASSETS                                            (In Thousands)


    CURRENT ASSETS
      Cash and cash equivalents                    $ 170,490    $ 270,672
      Short-term investments                          38,300       70,373
      Receivables                                     45,900       43,233
      Ore on leach pad                                31,354       31,302
      Metal and other inventory                       15,369       16,341
      Deferred tax assets                              3,436        3,629
      Prepaid expenses and other                      16,517        6,047
                                                ------------- ------------
                                                     321,366      441,597


    PROPERTY, PLANT AND EQUIPMENT
      Property, plant and equipment                  193,087      132,315
      Less accumulated depreciation                  (69,347)     (64,206)
                                                ------------- ------------
                                                     123,740       68,109

    MINING PROPERTIES
      Operational mining properties                  138,211      130,447
      Less accumulated depletion                    (123,077)    (116,361)
                                                ------------- ------------
                                                      15,134       14,086

      Mineral interests                               74,526       72,201
      Less accumulated depletion                     (10,565)      (7,828)
                                                ------------- ------------
                                                      63,961       64,373

      Non-producing and development properties       288,924      190,988
                                                ------------- ------------
                                                     368,019      269,447

    OTHER ASSETS
      Ore on leach pad, non-current portion           30,959       35,367
      Restricted cash and cash equivalents            21,946       19,492
      Debt issuance costs, net                         4,924        5,151
      Deferred tax assets                              2,564        2,544
      Other                                           15,973        7,919
                                                ------------- ------------
                                                      76,366       70,473
                                                ------------- ------------
        TOTAL ASSETS                               $ 889,491    $ 849,626
                                                ------------- ------------
    

    
               COEUR D'ALENE MINES CORPORATION AND SUBSIDIARIES
                         CONSOLIDATED BALANCE SHEETS
                                 (Unaudited)

                                           September 30,    December 31,
                                                2007            2006
                                          ---------------- ---------------
                                          (In thousands except share data)

    LIABILITIES AND SHAREHOLDERS' EQUITY

    CURRENT LIABILITIES
        Accounts payable                  $        37,175  $       22,315
        Accrued liabilities and other               8,950          11,865
        Accrued income taxes                        6,161          10,317
        Accrued payroll and related
         benefits                                   6,867           8,527
        Accrued interest payable                      469           1,031
        Current portion of reclamation
         and mine closure                           4,330           4,460
                                          ---------------- ---------------
                                                   63,952          58,515
    LONG-TERM LIABILITIES
        1 1/4% Convertible Senior Notes
         due January 2024                         180,000         180,000
        Reclamation and mine closure               27,715          27,226
        Other long-term liabilities                 4,336           2,891
                                          ---------------- ---------------
                                                  212,051         210,117
    COMMITMENTS AND CONTINGENCIES

    SHAREHOLDERS' EQUITY
        Common Stock, par value $1.00 per
         share; authorized 500,000,000
         shares, issued 279,525,051 and
         279,054,344 shares in 2007 and
         2006 (1,059,211 shares held in
         treasury)                                279,525         279,054
        Additional paid-in capital                779,960         777,798
        Accumulated deficit                      (433,650)       (463,221)
        Shares held in treasury                   (13,190)        (13,190)
        Accumulated other comprehensive
         income                                       843             553
                                          ---------------- ---------------
                                                  613,488         580,994
                                          ---------------- ---------------
    TOTAL LIABILITIES AND SHAREHOLDERS'
     EQUITY                               $       889,491  $      849,626
                                          ---------------- ---------------
    

    
               COEUR D'ALENE MINES CORPORATION AND SUBSIDIARIES
                    CONSOLIDATED STATEMENTS OF CASH FLOWS
                                 (Unaudited)

                                    Three Months          Nine Months
                                 Ended September 30,  Ended September 30,
                                   2007      2006       2007       2006
                                ---------- --------- ---------- ----------
                                              (In Thousands)

    CASH FLOWS FROM OPERATING
     ACTIVITIES:
    Net income                  $   3,635  $ 18,351  $  29,571  $  65,336
    Add (deduct) non-cash
     items:
        Depreciation and
         depletion                  3,895     6,536     16,669     19,843
        Deferred taxes               (469)     (816)       806     (3,947)
        Unrealized loss (gain)
         on embedded
         derivative, net             (983)     (954)       107      2,247
        Share based
         compensation                 910       655      2,516      1,819
        Other charges (credits)       162      (268)       (71)       253
    Changes in Operating Assets
     and Liabilities:
        Receivables               (14,781)      282     (8,996)     1,092
        Metal and other
         inventory                 10,773    (5,345)     5,328    (14,290)
        Prepaid and other
         current assets            (7,755)     (846)   (10,915)    (1,872)
        Accounts payable and
         accrued liabilities         (936)    3,196     (6,354)    10,832
    Discontinued operations             -        27          -    (11,308)
                                ---------- --------- ---------- ----------

    CASH (USED IN) PROVIDED BY
     OPERATING ACTIVITIES          (5,549)   20,818     28,661     70,005

    CASH FLOWS FROM INVESTING
     ACTIVITIES:
        Capital expenditures      (57,325)  (49,021)  (157,029)  (102,505)
        Purchases of short-term
         investments              (26,455)  (32,983)   (77,034)  (257,131)
        Proceeds from sales of
         short-term investments    24,130   298,390    106,392    399,496
        Other                         (97)       25        330       (409)
        Discontinued operations         -     1,081          -     15,446
                                ---------- --------- ---------- ----------
    CASH (USED IN) PROVIDED BY
     INVESTING ACTIVITIES         (59,747)  217,492   (127,341)    54,897

    CASH FLOWS FROM FINANCING
     ACTIVITIES:
        Retirement of long-term
         debt and capital
         leases                      (370)     (377)    (1,148)    (1,066)
        Proceeds from issuance
         of common stock                -         -          -    154,560
        Payment of public
         offering costs                 -        59          -     (8,329)
        Common stock
         repurchased                 (102)        -       (379)         -
        Other                          26       167         25         93
                                ---------- --------- ---------- ----------
        CASH (USED IN) PROVIDED
         BY FINANCING
         ACTIVITIES                  (446)     (151)    (1,502)   145,258

    (DECREASE) INCREASE IN CASH
     AND CASH EQUIVALENTS         (65,742)  238,159   (100,182)   270,160

        Cash and cash
         equivalents at
         beginning of period      236,232    86,897    270,672     54,896
                                ---------- --------- ---------- ----------
        Cash and cash
         equivalents at end of
         period                 $ 170,490  $325,056  $ 170,490  $ 325,056
                                ---------- --------- ---------- ----------
    




For further information:

For further information: Coeur d'Alene Mines Corporation Jim Sabala,
208-769-8152

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