Stand-Alone Mill at Coeur's Mina Martha Mine Commissioned



    COEUR D'ALENE, IDAHO, December 20 /CNW/ - Coeur d'Alene Mines Corporation
(NYSE:  CDE) (TSX:CDM) (ASX:CXC) today announced that commissioning of the new
240 tonne per day flotation mill at the Company's high-grade Martha silver
mine in southern Argentina has begun this week with the first shipment of
concentrate expected in January.

    Since purchasing Martha for $2.5 million in 2002, the Company has
produced over 11.5 million silver ounces from Martha and has steadily
increased Martha's proven and probable silver mineral reserves and mineral
resources through an aggressive exploration program. In the first half of
2007, Martha produced approximately 1.4 million ounces of silver and as of
June 30, 2007, proven and probable silver mineral reserves totaled 7.6 million
ounces, a 25% increase compared to year-end 2006 levels.

    With the continuing drilling through the second half of the year, further
reserve increases are expected at year-end.

    The new facility was completed in nine months at a cost of approximately
$15 million and will accommodate annual silver production of as much as three
million ounces of silver. Previously, Martha's ore was shipped 270 miles to
the Company's Cerro Bayo mine in Chile for processing. With the commissioning
of this new mill at Martha, these transportation costs will be eliminated.

    About Coeur

    Coeur d'Alene Mines Corporation is one of the world's leading silver
companies and also a significant gold producer. Coeur, which has no silver or
gold production hedged, is presently constructing two of the world's largest
silver mines -- San Bartolome in Bolivia and Palmarejo in Mexico; operates two
underground mines in southern Chile and Argentina and one surface mine in
Nevada; and owns non-operating interests in two low-cost mines in Australia.
The Company also owns a major gold project in Alaska and conducts exploration
activities in Argentina, Bolivia, Chile, Mexico and Tanzania. Coeur common
shares are traded on the New York Stock Exchange under the symbol CDE, the
Toronto Stock Exchange under the symbol CDM, and its CHESS Depositary
Interests are traded on the Australian Securities Exchange under the symbol
CXC.

    
    Proven Mineral Reserves (June 30, 2007)
    ----------------------------------------------------------------------

                                         Average Grade      Contained
                                 Short   (ounces/ton)     Ounces (000s)
                                 Tons   ----------------------------------
       Property      Location   (000s)  Silver   Gold     Silver    Gold
    ----------------------------------------------------------------------

    Martha          Argentina    33.6    78.85   0.118    2,646      3.9

    ----------------------------------------------------------------------
    Probable Mineral Reserves (June 30, 2007)
    ----------------------------------------------------------------------

                                         Average Grade      Contained
                                 Short   (ounces/ton)     Ounces (000s)
                                 Tons   ----------------------------------
       Property      Location   (000s)  Silver   Gold     Silver    Gold
    ----------------------------------------------------------------------

    Martha          Argentina    80.1    61.49   0.083    4,930      6.6

    Mineral Reserves correspond to Ore Reserves per US SEC classification.
     Metal prices used to determine ore reserves were $10.00/oz. Ag and
     $550/oz Au.

    Cut-off grades: 800 grams/tonne Ag equivalent. For an explanation of
     the determination of cut-off grades, please refer to Coeur's
     Technical Reports on www.sedar.com.

    January through June, 2007 mine production: Martha; 17,900 tons
     grading 84.77 oz/ton Ag and 0.115 oz/ton Au.

    Proven Mineral Reserves (December 31, 2006)
    ----------------------------------------------------------------------

                                         Average Grade      Contained
                                 Short   (ounces/ton)     Ounces (000s)
                                 Tons   ----------------------------------
       Property      Location   (000s)  Silver   Gold     Silver    Gold
    ----------------------------------------------------------------------

    Martha          Argentina    33.1    64.06   0.10     2,118      3.3

    ----------------------------------------------------------------------
    Probable Mineral Reserves (December 31, 2006)
    ----------------------------------------------------------------------

                                         Average Grade      Contained
                                 Short   (ounces/ton)     Ounces (000s)
                                 Tons   ----------------------------------
       Property      Location   (000s)  Silver   Gold     Silver    Gold
    ----------------------------------------------------------------------

    Martha          Argentina    66.1    59.97   0.083    3,966      5.5

    Metal prices used to determine ore reserves were $8.00/oz Ag and
     $475.00/oz Au. Cut-off grade was 800 g/t Ag equivalent.
    

    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 www.sedar.com.




For further information:

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

Organization Profile

COEUR D'ALENE MINES CORPORATION

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890