Coeur Reports Record Second Quarter and First Half Results

Coeur d’Alene Mines Corporation (NYSE:CDE) (TSX:CDM) today announced record quarterly metal sales of $231.1 million and operating cash flow1 of $115.8 million. The Company’s strong second quarter results were led by its Palmarejo silver and gold mine in Mexico, which produced a record 2.4 million ounces of silver and 33,389 ounces of gold.

2nd Quarter 2011 Highlights:

Record net metal sales of $231.1 million represents 16% increase over prior quarter and is 129% higher than last year’s second quarter
Record $115.8 million of operating cash flow1 represents 29% jump over prior quarter and 425% increase over last year’s second quarter
Adjusted earnings2 of $58.0 million, or $0.65 per share, versus an adjusted loss of ($8.9) million, or ($0.10) per share during last year’s second quarter
Silver production of 4.8 million ounces, up 16% compared to prior quarter and 15% over last year’s second quarter
Record gold production of 60,656 ounces, up 14% over prior quarter and 162% compared to last year’s second quarter
Consolidated cash operating costs of $3.39 per silver ounce3, down 59% compared to prior quarter and 58% versus last year’s second quarter
Average realized prices of $39.11 per ounce of silver and $1,504 per ounce of gold
Cash and equivalents were $106.8 million at June 30, 2011, up 159% from June 30, 2010

First Six Months 2011 Highlights:

Record net metal sales of $430.7 million represents 128% increase over first six months of 2010
Record operating cash flow of $206.0 million up 314% compared to first six months of 2010
Adjusted earnings2 of $95.6 million, or $1.07 per share compared to an adjusted loss of ($7.2) million, or ($0.08) per share during the first six months of 2010
Silver production of 8.9 million ounces, up 17% versus the first six months of 2010
Gold production of 113,786 ounces, up 133% over first six months of 2010
Consolidated cash operating costs of $5.69 per silver ounce3, down 27% versus first six months of 2010
Average realized prices of $35.42 per ounce of silver and $1,430 per ounce of gold

2011 Outlook:

Anticipating full-year production of 19.5 million – 20.5 million ounces of silver and 240,000 - 250,000 ounces of gold. Higher production levels are expected in the fourth quarter from Rochester, San Bartolomé and Martha.
Kensington is expected to slightly increase its gold production during the second half compared to the first six months of 2011, resulting in lower cash operating costs per gold ounce.
Expecting full-year net metal sales of approximately $1.0 billion and operating cash flow in excess of $500.0 million based on price assumptions of $35.09 per ounce of silver and $1,426 per ounce of gold (first half 2011 average spot prices).
Expecting capital expenditures for 2011 to total $130 million-$140 million. A total of $42 million of which was spent during the first six months of the year. Projected capital expenditures are higher than the previous estimate of $120 million due to additional capital projects at Kensington that are expected to enhance productivity and reduce costs.
Forecasting average full-year cash operating costs of approximately $5.75 per ounce of silver and approximately $850 per ounce of gold at Kensington.
Increasing second half exploration expenditures by 67% to approximately $14.0 million to accelerate drilling activities at Palmarejo, Rochester and Joaquin due to ongoing positive results.

“Our second quarter performance reflects record high production and record low costs per ounce at Palmarejo, another consistent quarter at San Bartolomé, and steady progress at Kensington,” said Mitchell J. Krebs, Coeur’s newly appointed President and Chief Executive Officer. “Overall, we feel comfortable that full-year 2011 silver production will reach 19.5 million to 20.5 million ounces and gold production will be 240,000 to 250,000 ounces.”

“As we continue focusing on operational consistency at our new, large mines, we are also pursuing new internal and external growth initiatives that will create value for shareholders. Our Rochester silver and gold mine in Nevada is one such opportunity. We have now resumed active mining and expect to generate additional silver and gold ounces in the fourth quarter from a newly constructed leach pad. Rochester offers opportunity for further high-return growth beyond this initial expansion, which we are actively pursuing,” Mr. Krebs said.

1 Operating cash flow is a non-U.S. GAAP measure defined as net income plus depreciation, depletion and amortization and other non-cash items prior to changes in operating assets and liabilities. On a U.S. GAAP basis, the Company generated cash flow from operations of $111.1 million in the second quarter of 2011 and $146.9 million in the first six months of 2011. See the reconciliation from non-U.S. GAAP to U.S. GAAP at the end of this news release.

2 Adjusted earnings is a non-U.S. GAAP measure defined as operating income plus interest and other income less interest expense and current taxes. Adjusted earnings exclude non-cash fair value adjustments, other non-cash adjustments, deferred taxes and discontinued operations. The Company realized net income of $38.6 million in the second quarter of 2011 and $51.1 million during the first six months of 2011. See reconciliation between non-U.S. GAAP adjusted earnings and U.S. GAAP at the end of this news release.

3 Cash operating costs is a non-U.S. GAAP measure defined as cash costs less production taxes and royalties if applicable. See reconciliation between non-U.S. GAAP adjusted earnings and U.S. GAAP at the end of this news release. Consolidated cash operating costs per silver ounce are net of gold by-product credit and represent the consolidation of all Coeur’s mines except for Kensington, which is a primary gold mine and reports cash operating costs per gold ounce.

Financial Highlights

US$ in millions (except price of

YOY Qtr. 1st 6 Mo 1st 6 Mo YOY 1st 6 Mo.

silver and gold)

2Q 2011 2Q 2010 Variance 2011 2010 Variance Sales of Metal $231.1 $101.0 129% $430.7 $189.3 128% Production Costs 77.1 58.6 32% 169.6 110.4 54% EBITDA4 137.0 31.8 331% 225.6 58.7 284% Adjusted Earnings2 58.0 (8.9) 751% 95.6 (7.2) 1428% Operating Cash Flow1 115.8 22.0 425% 206.0 49.8 314% Capital Expenditures 25.8 45.5 -43% 41.7 92.7 -55% Cash and Equivalents 106.8 $41.2 159% 106.8 $41.2 159% Total Debt5 157.0 181.0 -13% 157.0 181.0 -13% Shares Issued & Outstanding 89.5 89.3 0% 89.5 89.3 0% Avg. Realized Price – Silver 39.11 18.56 111% 35.42 17.74 100% Avg. Realized Price – Gold 1,504 1,176 28% 1430 1,139 26%

Note: Reflects results from continuing operations.

Second quarter 2011 metal sales totaled $231.1 million, up 129% compared to last year’s second quarter and up 16% compared to the prior quarter. This year-over-year increase is mostly due to record silver and gold production from Palmarejo, gold production from Kensington (which was not yet in operation during last year’s second quarter), and higher silver and gold prices.

The Company realized average silver and gold prices during the second quarter of $39.11 and $1,504 per ounce, representing increases of 111% and 28%, respectively, compared to last year’s second quarter. Sales of silver contributed 69% of the Company’s total metal sales during the recent quarter while the remainder was derived from the sale of gold.

Adjusted earnings2 in the second quarter were $58.0 million, or $0.65 per share, compared to an adjusted loss of $8.9 million, or ($0.10) per share in the second quarter of 2010. Second quarter 2011 net income was $38.6 million, or $0.43 per share compared to a net loss of $50.7 million, or ($0.57) per share in the second quarter of 2010.

Second quarter operating cash flow1 of $115.8 million represented a five-fold increase compared to the second quarter of 2010 and a 26% increase over the prior quarter.

Capital expenditures totaled $25.8 million during the second quarter, 43% lower than last year’s second quarter, during which construction at Kensington was nearing completion.

Cash and equivalents were $106.8 million at June 30, 2011.

Operational Highlights: Production6

Year Over Year First Six Months Year Over Year

2Q '11

2Q '10

Qtr. Variance

2011

2010

1H Variance

Silver Gold Silver Gold Silver Gold Silver Gold Silver Gold Silver Gold Palmarejo 2,370 33,389 1,071 19,950 121% 67% 4,100 61,148 2,371 42,527 73% 44% San Bartolomé 1,742 - 1,863 - -6% - 3,453 - 2,903 0 19% - Rochester 333 1,397 533 2,616 -38% -47% 667 2,848 1,055 5,306 -37% -46% Martha 101 112 550 558 -82% -80% 281 356 915 1,074 -69% -67% Endeavor 215 - 139 - 55% - 364 - 344 - 6% - Kensington - 25,758 - - - - - 49,434 - - - - Total 4,761 60,656 4,156 23,124 15% 162% 8,865 113,786 7,588 48,907 17% 133%

Operational Highlights: Cash Operating Costs6

YOY Qtr.

First Six Months

YOY 1st 6 Mo. 2Q '11 2Q '10

Variance

2011 2010 Variance Palmarejo $ (3.68 ) $ 10.78 -134 % $ (0.10 ) $ 7.83 -101 % San Bartolomé $ 8.73 $ 7.78 12 % $ 8.93 $ 8.57 4 % Rochester $ 4.34 $ 2.44 78 % $ 7.31 $ 2.06 255 % Martha $ 38.79 $ 8.97 332 % $ 29.60 $ 11.57 156 % Endeavor $ 20.04 $ 8.98 123 % $ 18.85 $ 8.04 134 % Total $ 3.39 $ 8.06 -58 % $ 5.69 $ 7.77 $ (0.27 ) Kensington $ 924 - - $ 955 - -

4 EBITDA is a non-U.S. GAAP measure defined as earnings before interest, taxes, depreciation and amortization. A reconciliation of this measure to U.S. GAAP is provided at the end of this news release.

5 Includes short and long-term indebtedness; excludes capital leases, royalty obligations and Mitsubishi gold lease facility.

6 For additional operating statistics by mine, please refer to the tables in the Appendix of this news release.

In the second quarter, the Company produced 4.8 million ounces of silver and 60,656 ounces of gold compared to 4.1 million and 53,130 ounces of silver and gold, respectively, in the prior quarter and 4.2 million and 23,124 ounces of silver and gold, respectively, during the second quarter of 2010.

Quarterly cash operating costs declined 58% from a year ago to $3.39 per silver ounce. Cash operating costs at Kensington, the Company’s only pure gold mine, were $924 per ounce in the second quarter.

Palmarejo, Mexico – Record Quarter

Quarterly silver production jumped 37% compared to the prior quarter due to increases in open pit and underground grades. In addition, silver recovery rates increased from 72.7% in the first quarter to 78.3% in the second quarter.
Quarterly gold production increased 20% compared to the prior quarter.
During the second half of 2011, mill throughput is expected to increase and silver recovery rates are expected to remain near second quarter levels, leading to increased production compared to the first half of the year.
Second quarter metal sales were $123.7 million, operating cash flow was $78.6 million, and capital expenditures totaled $10.3 million.

San Bartolomé, Bolivia – Consistent Performance

Second quarter operational performance was similar to the prior quarter and slightly lower compared to the same quarter last year.
Throughput is expected to be higher during the remainder of 2011 while the average silver grade is anticipated to drop slightly.
Second quarter metal sales were $55.6 million, operating cash flow was $40.7 million, and capital expenditures totaled $3.3 million.

Kensington, Alaska – Completing Initial Year of Operations

Throughput increased 15% in the second quarter compared to the prior quarter while the average gold grade declined 4%. Since the end of the second quarter, the mill has been processing approximately 1,400 tons of ore per day (tpd), above its 1,250 tpd design rate. Mining activities took place in lower-grade areas during the second quarter. As underground development accelerates, higher-grade areas are expected to be mined, resulting in slightly higher production levels during the second half of the year.
Kensington's projected capital expenditures for the remainder of 2011 are expected to be higher by approximately $10 million - $20 million. This additional investment will complete additional surface facilities, accelerate underground development, purchase additional mining equipment, and complete the underground paste back fill plant.
In April 2011, John M. Kinyon joined the Company as Vice President and General Manager of Coeur Alaska with overall responsibility for Kensington. He was most recently General Manager of the Wolverine Mine with Yukon Zinc and formerly held senior operational management positions with Oceana Gold and Barrick Gold’s Eskay Creek Mine.
Second quarter metal sales were $26.0 million, operating cash flow was $11.4 million, and capital expenditures totaled $7.4 million.

Rochester, Nevada – Expansion on Schedule

Ore is now being crushed and stacked on the new leach pad, which will lead to increased silver and gold production in the fourth quarter.
Metal sales were $14.4 million, operating cash flow was ($2.3) million and capital expenditures totaled $4.2 million. Operating cash flow was negative because of costs related to pre-stripping activities for the expansion. These costs are expensed during the period in which they are incurred rather than capitalized.
Over 200 million tons of additional mineral resources are located in the existing pit walls and represent a further significant growth opportunity.

Martha, Argentina – Additional Silver and Gold Production

The doubling of mill throughput from 240 tpd to 480 tpd is expected to be completed in third quarter.
Development of the Betty vein, located approximately 500 meters north of the mill, commenced during the second quarter.
Higher production is anticipated during the second half of 2011 due to the mining of higher grade ore in the Betty and associated Betty Sur veins and from the reprocessing of existing tailings.

Exploration Highlights

Don Birak, Senior Vice President of Exploration, said, “Exploration on our large landholdings around existing operations is another example of value-creating growth. We are significantly increasing the amount spent on drilling during the second half of the year to identify additional silver and gold resources. We have also made a series of strategic investments in five early-stage silver exploration companies in both North and South America with promising silver projects in order to increase our exposure to silver exploration opportunities.”

The Company has increased the amount it plans to invest in exploration activities during the remainder of the year by 67% to approximately $14.0 million. The exploration budget for the full year is approximately $23 million, which is 31% higher than 2010. The decision to increase exploration expenditures was driven by ongoing positive drill results – primarily at Palmarejo – and by a commitment to generate high returns on the Company’s free cash flow by cost-effectively adding new mineral resources and reserves near existing mines, and to demonstrate the long-life potential and long-term value of the Company’s existing operations.

Palmarejo, Mexico

The Company completed 16,841 meters (55,253 feet) of core drilling in the second quarter in the large Palmarejo District. This work was divided nearly equally between targets around the Palmarejo mine from both surface and underground drill platforms, specifically the Rosario, Tucson and Chapotillo zones, and at the Guadalupe and La Patria deposits, located near the mine. Drilling at La Patria represents the first drilling by Coeur on this mineralized, northwest-trending, district-scale structure. La Patria is over four kilometers (2.5 miles) long and consists of three separate zones. This year’s drilling on just the north zone of La Patria has encountered several gold- and silver-bearing veins located near the surface, suggesting the potential for a surface mineable deposit.

Joaquin Project and Martha, Argentina

Coeur is actively engaged in defining the mineral resources at Joaquin and advancing towards completion of a feasibility study, which will lift the Company’s managing joint venture interest in the Joaquin project from 51% to 61%. The Company holds rights to further its interest to 71%. The Joaquin project is located approximately 100 kilometers (62 miles) by road northwest of the Martha mine.

A total of 4,556 meters (14,948 feet) of core drilling was completed on all targets in the Santa Cruz Province of southern Argentina in the second quarter of 2011. This included 3,072 meters (10,079 feet) at Joaquin with the remainder focused around Coeur’s wholly owned and operated Martha mine. Targets drilled this quarter were extensions of the La Morena, La Morocha and La Negra zones at Joaquin, as well initial definition of the high-grade portions of La Negra at Joaquin, and new targets at the Martha mine and at the nearby Wendy target. At Joaquin, La Morocha and La Negra are open along strike and at depth. Both need further in-fill drilling to advance the current mineral resources for use in scoping and feasibility studies.

Kensington, Alaska, USA

Exploration consisted of just over 1,000 meters (3,300 feet) of core drilling to discover new mineralization and expand ore reserves. The main focus of this drilling was on the Comet exploration target, which is located approximately 1,000 meters (3,300 feet) north of the ore processing facility. Comet is one of several gold-bearing vein structures, occurring within a 305 to 457 meter (1,000 to 1,500 feet) corridor, extending over 3,000 meters (9,800 feet) southward from the Raven zone at the north to the Jualin deposit, near the mill, to the south.

Rochester, Nevada, USA

Drilling shifted from ore control to exploration in the second quarter. A total of 6,809 meters (22,346 feet) of reverse circulation drilling was completed in the second quarter at the LM target, northwest of the mine and at the Nevada Packard area.

San Bartolomé, Bolivia

The new program of trenching and sampling, which commenced late in the first quarter, continued into the second quarter of 2011. Year to date, over 133 new trenches have been completed and sampled resulting in 672 new samples collected from the trenches on one-meter vertical intervals. All of this work was centered on the Huacajchi and Santa Rita areas to identify targets for follow up.

Strategic Investments

Year to date, Coeur has made an aggregate of $17.9 million of strategic, minority investments in four publicly-listed silver exploration companies and one soon-to-be-listed company. These silver exploration companies have primary silver projects in Canada, Mexico, Chile, Peru and Bolivia.

The Company will continue to evaluate opportunities and make similar investments based on the project’s potential, location, management team, and return potential for shareholders. These assets are classified as Marketable Securities on the balance sheet. The Company classifies its short-term investments as available-for-sale securities. The securities are measured at fair market value in the financial statements with unrealized gains or losses recorded in other comprehensive income.

Conference Call Information

Coeur will hold a conference call to discuss the Company's second quarter 2011 results at 1:00 p.m. Eastern time on August 8, 2011. To listen live via telephone, call (877) 464-2820 (US and Canada) or (660) 422-4718 (International). The conference ID number is 84576190. The conference call and presentation will also be webcast on the Company's web site at www.coeur.com. A replay of the call will be available through August 15, 2011. The replay dial-in numbers are (855) 859-2056 (US and Canada) and (404) 537-3406 (International) and the access code is 84576190. In addition, the call will be archived for a limited time on the Company’s web site.

Cautionary Statement

This news release contains forward-looking statements within the meaning of securities legislation in the United States and Canada, including statements regarding anticipated operating results. Such statements are subject to numerous assumptions and uncertainties, many of which are outside the control of Coeur. Operating, exploration and financial data, and other statements in this presentation are based on information that Coeur believes is reasonable, but involve significant uncertainties affecting the business of Coeur, including, but not limited to, future gold and silver prices, costs, ore grades, estimation of gold and silver reserves, mining and processing conditions, construction schedules, currency exchange rates, the expected cost of capital expenditures and the completion and/or updating of mining feasibility studies, changes that could result from future acquisitions 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 filings made from time to time with the United States Securities and Exchange Commission, and the Canadian securities regulators, including, without limitation, Coeur’s reports on Form 10-K and Form 10-Q. Actual results, developments and timetables could vary significantly from the estimates presented. Readers are cautioned not to put undue reliance on forward-looking statements. Coeur disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, Coeur undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Coeur, its financial or operating results or its securities.

Donald J. Birak, Coeur's Senior Vice President of Exploration and a qualified person under NI 43-101, supervised the preparation of the scientific and technical information concerning Coeur's mineral projects in this news release. For a description of the key assumptions, parameters and methods used to estimate mineral reserves and resources, as well as data verification procedures and 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 of Coeur's properties as filed on SEDAR at www.sedar.com.

Cautionary Note to U.S. Investors – The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this presentation, such as “measured,” “indicated,” and “inferred resources,” that are recognized by Canadian regulations, but that SEC guidelines generally prohibit U.S. registered companies from including in their filings with the SEC. U.S. investors are urged to consider closely the disclosure in our Form 10-K, which may be secured from us, or from the SEC’s website at http://www.sec.gov.

Non-U.S. GAAP Measures

We supplement the reporting of our financial information determined under United States generally accepted accounting principles (U.S. GAAP) with certain non-U.S. GAAP financial measures, including cash operating costs, operating cash flow, adjusted earnings, and EBITDA. We believe that these adjusted measures provide meaningful information to assist management, investors and analysts in understanding our financial results and assessing our prospects for future performance. We believe these adjusted financial measures are important indicators of our recurring operations because they exclude items that may not be indicative of, or are unrelated to our core operating results, and provide a better baseline for analyzing trends in our underlying businesses. We believe cash operating costs, operating cash flow, adjusted earnings and EBITDA are important measures in assessing the Company's overall financial performance.

About Coeur

Coeur d’Alene Mines Corporation is the largest U.S.-based primary silver producer and a growing gold producer. The Company has three new, large precious metals mines generating significantly higher production, sales and cash flow in continued strong metals markets. In 2011, Coeur will realize the first full year of production and cash flow from all three of its new, 100%-owned mines: the San Bartolomé silver mine in Bolivia, the Palmarejo silver-gold mine in Mexico, and the Kensington gold mine in Alaska. In addition, the Company is expecting new production from its long-time Rochester silver-gold mine in Nevada in the fourth quarter of 2011. The Company also owns a non-operating interest in a low-cost mine in Australia, and conducts ongoing exploration activities near its operations in Argentina, Mexico, Alaska, and Nevada.

Photos of projects and other information can be accessed through the Company’s website at www.coeur.com.

COEUR D’ALENE MINES CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

June 30, December 31, 2011 2010 ASSETS (In thousands, except share data) CURRENT ASSETS Cash and cash equivalents $ 106,830 $ 66,118 Short term investments 480 - Receivables 74,624 58,880 Ore on leach pad 6,528 7,959 Metal and other inventory 155,640 118,340 Prepaid expenses and other 13,112 14,914 357,214 266,211 NON-CURRENT ASSETS Property, plant and equipment, net 663,510 668,101 Mining properties, net 2,060,740 2,122,216 Ore on leach pad, non-current portion 10,205 10,005 Restricted assets 29,711 29,028 Marketable securities 9,056 - Receivables, non-current portion 40,941 42,866 Debt issuance costs, net 3,167 4,333 Deferred tax assets 564 804 Other 13,863 13,963 TOTAL ASSETS $ 3,188,971 $ 3,157,527 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable $ 66,235 $ 67,209 Accrued liabilities and other 7,005 39,720 Accrued income taxes 31,581 28,155 Accrued payroll and related benefits 18,116 17,953 Accrued interest payable 567 834 Current portion of capital leases and other debt obligations 55,839 63,317 Current portion of royalty obligation 57,366 51,981 Current portion of reclamation and mine closure 1,423 1,306 Deferred tax liabilities 462 242 238,594 270,717 NON-CURRENT LIABILITIES Long-term debt and capital leases 135,322 130,067 Non-current portion of royalty obligation 183,987 190,334 Reclamation and mine closure 28,334 27,779 Deferred income taxes 483,897 474,264 Other long-term liabilities 23,241 23,599 854,781 846,043 COMMITMENTS AND CONTINGENCIES SHAREHOLDERS' EQUITY

Common stock, par value $0.01 per share; authorized 150,000,000 shares, 89,530,624 issued at June 30, 2011 and 89,315,767 issued at December 31, 2010

895 893 Additional paid-in capital 2,583,345 2,578,206 Accumulated deficit (487,257 ) (538,332 ) Accumulated other comprehensive loss (1,387 ) - 2,095,596 2,040,767 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 3,188,971 $ 3,157,527

COEUR D’ALENE MINES CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

AND COMPREHENSIVE INCOME (LOSS)

(Unaudited)

Three months ended Six months ended June 30, June 30, 2011 2010 2011 2010 (In thousands, except per share data) Sales of metal $ 231,090 $ 101,018 $ 430,714 $ 189,307 Production costs applicable to sales (77,102 ) (58,590 ) (169,576 ) (110,393 ) Depreciation, depletion and amortization (57,641 ) (29,983 ) (107,682 ) (57,702 ) Gross profit 96,347 12,445 153,456 21,212 COSTS AND EXPENSES Administrative and general 1,827 6,859 14,058 13,794 Exploration 4,077 3,161 6,839 5,681 Pre-development, care, maintenance and other 11,104 565 14,678 732 Total cost and expenses 17,008 10,585 35,575 20,207 OPERATING INCOME 79,339 1,860 117,881 1,005 OTHER INCOME AND EXPENSE Loss on debt extinguishments (389 ) (4,050 ) (856 ) (11,908 ) Fair value adjustments, net (12,432 ) (42,516 ) (17,700 ) (46,774 ) Interest income and other 2,763 (3,821 ) 4,664 (2,088 ) Interest expense, net of capitalized interest (9,268 ) (5,646 ) (18,573 ) (11,451 ) Total other income and expense (19,326 ) (56,033 ) (32,465 ) (72,221 ) Income (loss) from continuing operations before income taxes 60,013 (54,173 ) 85,416 (71,216 ) Income tax benefit (provision) (21,402 ) 9,372 (34,341 ) 16,370 Income (loss) from continuing operations 38,611 (44,801 ) 51,075 (54,846 ) Loss from discontinued operations, net of income taxes - (2,966 ) - (5,778 ) Loss on sale of net assets of discontinued operations, net of income taxes - (2,977 ) - (2,977 ) NET INCOME (LOSS) 38,611 (50,744 ) 51,075 (63,601 ) Other comprehensive loss, net of income taxes (1,387 ) - (1,387 ) (5 ) COMPREHENSIVE INCOME (LOSS) $ 37,224 $ (50,744 ) $ 49,688 $ (63,606 ) BASIC AND DILUTED INCOME PER SHARE Basic income (loss) per share: Income (loss) from continuing operations $ 0.43 $ (0.50 ) $ 0.57 $ (0.64 ) Income (loss) from discontinued operations - (0.07 ) - (0.11 ) Net income (loss) $ 0.43 $ (0.57 ) $ 0.57 $ (0.75 ) Diluted income (loss) per share: Income (loss) from continuing operations $ 0.43 $ (0.50 ) $ 0.57 $ (0.64 ) Income (loss) from discontinued operations - (0.07 ) - (0.11 ) Net income (loss) $ 0.43 $ (0.57 ) $ 0.57 $ (0.75 ) Weighted average number of shares of common stock Basic 89,310 88,501 89,299 85,145 Diluted 89,712 88,501 89,683 85,145

COEUR D’ALENE MINES CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

Three months ended Six months ended June 30, June 30, 2011 2010 2011 2010 (In thousands)

(In thousands)

CASH FLOWS FROM OPERATING ACTIVITIES: Net income (loss) $ 38,611 $ (50,744 ) $ 51,075 $ (63,601 ) Add (deduct) non-cash items Depreciation, depletion and amortization 57,641 31,010 107,682 59,784 Accretion of discount on debt and other assets, net 494 - 944 - Accretion of royalty obligation 5,770 4,637 11,037 9,629 Deferred income taxes 4,223 (14,892 ) 10,093 (21,388 ) Loss on debt extinguishment 389 4,050 856 11,908 Fair value adjustments, net 13,933 43,052 20,593 46,723 (Gain) loss on foreign currency transactions (848 ) 1,471 (737 ) 1,821 Share-based compensation (3,351 ) 622 4,804 2,009 (Gain) loss on sale of assets (1,223 ) 2,826 (1,224 ) 2,805 Other non-cash charges 200 15 831 71 Changes in operating assets and liabilities: Receivables and other current assets (6,784 ) 3,662 (11,644 ) (7,625 ) Inventories (23,575 ) (2,251 ) (36,068 ) (4,908 ) Accounts payable and accrued liabilities 25,585 8,998 (11,392 ) (14,002 ) CASH PROVIDED BY OPERATING ACTIVITIES 111,065 32,456 146,850 23,226 CASH FLOWS FROM INVESTING ACTIVITIES Purchase of investments (11,881 ) - (13,110 ) - Proceeds from sales and maturities of investments 2,773 - 3,360 - Capital expenditures (25,764 ) (45,467 ) (41,681 ) (92,656 ) Other 325 150 273 76 CASH USED IN INVESTING ACTIVITIES (34,547 ) (45,317 ) (51,158 ) (92,580 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from issuance of notes and bank borrowings - 22,041 27,500 134,810 Payments on long-term debt, capital leases, and associated costs (16,704 ) (11,377 ) (34,099 ) (18,978 ) Payments on gold production royalty (17,441 ) (9,582 ) (32,059 ) (18,533 ) Proceeds from gold lease facility - - - 4,517 Payments on gold lease facility - (2,210 ) (13,800 ) (17,101 ) Proceeds from sale-leaseback transactions - - - 4,853

Additions to restricted assets associated with the Kensington Term Facility

- (786 ) (1,325 ) (1,584 ) Other 30 - (1,197 ) (225 ) CASH PROVIDED (USED IN) BY FINANCING ACTIVITIES: (34,115 ) (1,914 ) (54,980 ) 87,759 INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 42,403 (14,775 ) 40,712 18,405 Cash and cash equivalents at beginning of period 64,427 55,962 66,118 22,782 Cash and cash equivalents at end of period $ 106,830 $ 41,187 $ 106,830 $ 41,187

The Company’s operating cash flow, excluding changes in operating assets and liabilities, consisted of the following (in thousands):

OPERATING CASH FLOW RECONCILIATION 2Q 11 1Q 11 4Q 10 3Q 10 2Q 10 Cash provided by operating activities 111,065 35,786 129,397 12,939 32,456 Changes in operating assets and liabilities: Receivables and other current assets 6,784 4,860 (5,908 ) 4,511 (3,662 ) Prepaid expenses and other - - (5,871 ) - - Inventories 23,575 12,493 19,999 22,980 2,251 Accounts payable and accrued liabilities (25,585 ) 36,977 (38,186 ) (5,704 ) (8,998 ) OPERATING CASH FLOW 115,839 90,116 99,431 34,726 22,047

Reconciliation of EBITDA to net income (loss) is shown below (in thousands):

EBITDA RECONCILIATION 2Q 11 1Q 11 2010 4Q 10 3Q 10 2Q 10 Net income (loss) 38,611 12,464 (91,308 ) (5,078 ) (22,628 ) (50,744 ) Gain (loss) on sale of net assets of discontinued operations, net of income taxes - - 2,095 1 (883 ) 2,977 Income (loss) from discontinued operations, net of income taxes - - 6,029 - 251 2,966 Income tax benefit 21,402 12,939 (9,481 ) 3,655 3,233 (9,372 ) Interest expense, net of capitalized interest 9,268 9,304 30,942 9,539 9,951 5,646 Interest and other income (2,763 ) (1,934 ) (771 ) (3,495 ) 638 3,821 Fair value adjustments, net 12,432 5,302 117,094 51,213 19,107 42,516 Gain (loss) on debt extinguishments 389 467 20,300 7,586 806 4,050 Depreciation and depletion 57,641 50,041 141,619 46,116 37,801 29,983 EBITDA 136,980 88,583 216,519 109,537 48,276 31,843

Reconciliation of adjusted earnings to net income (loss) is shown below (in thousands):

ADJUSTED EARNINGS RECONCILIATION 2Q 11 1Q 11 2010 4Q 10 3Q 10 2Q 10 Net income (loss) 38,611 12,464 (91,308 ) (5,078 ) (22,628 ) (50,744 ) Gain (loss) on sale of net assets of discontinued operations, net of income taxes - - 2,095 1 (883 ) 2,977 Share Based Compensation (3,351 ) 8,155 7,217 3,248 1,960 622 Income (loss) from discontinued operations, net of income taxes - - 6,029 - 251 2,966 Deferred income tax provision 4,198 5,870 (38,901 ) (8,386 ) (7,860 ) (15,935 ) Interest expense, accretion of royalty obligation 5,770 5,267 19,018 4,611 4,778 4,637 Fair value adjustments, net 12,432 5,302 117,094 51,213 19,107 42,516 Gain (loss) on debt extinguishments 389 467 20,300 7,586 806 4,050 ADJUSTED EARNINGS (LOSS) 58,049 37,525 41,544 53,195 (4,469 ) (8,911 )

Operating Statistics from Continuing Operations

Three months ended June 30, Six months ended June 30, 2011 2010 2011 2010

Silver Operations:

Palmarejo Tons milled 414,719 457,268 813,459 915,275 Ore grade/Ag oz 7.30 3.23 6.65 3.57 Ore grade/Au oz 0.08 0.05 0.08 0.05 Recovery/Ag oz 78.3 % 72.5 % 75.8 % 72.6 % Recovery/Au oz 95.2 % 87.3 % 91.5 % 89.4 % Silver production ounces 2,370,536 1,070,638 4,100,303 2,371,231 Gold production ounces 33,389 19,950 61,148 42,527 Cash operating costs/oz $ (3.68 ) $ 10.78 $ (0.10 ) $ 7.83 Cash cost/oz $ (3.68 ) $ 10.78 $ (0.10 ) $ 7.83 Total production cost/oz $ 14.16 $ 29.73 $ 18.48 $ 25.16 San Bartolomé Tons milled 378,640 446,909 766,308 740,014 Ore grade/Ag oz 5.24 5.00 5.11 4.50 Recovery/Ag oz 87.7 % 83.4 % 88.2 % 87.2 % Silver production ounces 1,741,578 1,863,141 3,452,525 2,903,068 Cash operating costs/oz $ 8.73 $ 7.78 $ 8.93 $ 8.57 Cash cost/oz $ 10.32 $ 8.32 $ 10.40 $ 9.22 Total production cost/oz $ 13.51 $ 11.56 $ 13.44 $ 12.39 Martha Tons milled 22,122 12,421 39,940 29,996 Ore grade/Ag oz 5.44 50.24 8.39 35.21 Ore grade/Au oz 0.01 0.06 0.01 0.04 Recovery/Ag oz 84.0 % 88.1 % 83.8 % 86.6 % Recovery/Au oz 72.4 % 81.7 % 74.3 % 89.5 % Silver production ounces 101,122 549,885 281,107 915,111 Gold production ounces 112 558 356 1,074 Cash operating costs/oz $ 38.79 $ 8.97 $ 29.60 $ 11.57 Cash cost/oz $ 40.47 $ 9.57 $ 30.86 $ 12.12 Total production cost/oz $ 33.83 $ 14.10 $ 30.92 $ 17.38 Rochester (A) Silver production ounces 333,432 533,093 667,127 1,055,253 Gold production ounces 1,397 2,616 2,848 5,306 Cash operating costs/oz $ 4.34 $ 2.44 $ 7.31 $ 2.06 Cash cost/oz $ 6.88 $ 2.93 $ 9.37 $ 2.64 Total production cost/oz $ 8.92 $ 3.97 $ 11.22 $ 3.67 Endeavor Tons milled 207,388 143,371 374,674 273,244 Ore grade/Ag oz 2.41 2.01 2.23 2.61 Recovery/Ag oz 42.9 % 48.4 % 43.5 % 48.2 % Silver production ounces 214,613 139,447 363,795 343,700 Cash operating costs/oz $ 20.04 $ 8.98 $ 18.85 $ 8.04 Cash cost/oz $ 20.04 $ 8.98 $ 18.85 $ 8.04 Total production cost/oz $ 24.07 $ 12.21 $ 22.93 $ 11.27 Three months ended June 30, Six months ended June 30, 2011 2010 2011 2010

Gold Operation:

Kensington(B) Tons milled 121,565 - 227,385 - Ore grade/Au oz 0.23 - 0.23 - Recovery/Au oz 93.0 % - 92.7 % - Gold production ounces 25,758 - 49,434 - Cash operating costs/oz $ 923.56 $ - $ 954.78 $ - Cash cost/oz $ 923.56 $ - $ 954.78 $ - Total production cost/oz $ 1,308.24 $ - $ 1,344.67 $ - CONSOLIDATED PRODUCTION TOTALS(C) Total silver ounces 4,761,281 4,156,204 8,864,857 7,588,363 Total gold ounces 60,656 23,124 113,785 48,907

Silver Operations:(D)

Cash operating costs per oz/silver $ 3.39 $ 8.06 $ 5.69 $ 7.77 Cash cost per oz/silver $ 4.19 $ 8.44 $ 6.46 $ 8.17 Total production cost/oz $ 14.42 $ 15.62 $ 16.55 $ 15.72

Gold Operation:(E)

Cash operating costs/oz $ 923.56 $ - $ 954.78 $ - Cash cost/oz $ 923.56 $ - $ 954.78 $ - Total production cost/oz $ 1,308.24 $ - $ 1,344.67 $ - CONSOLIDATED SALES TOTALS (F) Silver ounces sold 4,133,283 4,051,838 7,792,587 7,685,594 Gold ounces sold 49,930 23,645 115,852 49,379 Realized price per silver ounce $ 39.11 $ 18.56 $ 35.42 $ 17.74 Realized price per gold ounce $ 1,504 $ 1,176 $ 1,430 $ 1,139 (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% for silver and 92% for gold. However, ultimate recoveries will not be known until leaching operations cease, which is currently estimated for 2014 for the current leach pad. Current recovery may vary significantly from ultimate recovery. See Critical Accounting Policies and Estimates – Ore on Leach Pad in the Company’s Form 10-K for the year ended December 31, 2010. (B) Kensington achieved commercial production on July 3, 2010. (C) Current production ounces and recoveries reflect final metal settlements of previously reported production ounces. (D) Amount includes by-product gold credits deducted in computing cash costs per ounce. (E) Amounts reflect Kensington per ounce statistics only. (F) Units sold at realized metal prices will not match reported metal sales due primarily to the effects on revenues of mark-to-market adjustments on embedded derivatives in the Company’s provisionally priced sales contracts.

“Operating Costs per Ounce” and “Cash Costs per Ounce” are calculated by dividing the operating cash costs and 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 operating costs per ounce and cash costs per ounce as key indicators of the profitability of each of its mining properties. Gold and silver are sold and priced in the world financial markets on a U.S. dollar per ounce basis.

“Cash Operating Costs” and “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 expenses, on-site general and administrative costs, royalties, in-mine drilling expenditures 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, accretion, corporate general and administrative expenses, exploration, interest, and pre-feasibility costs. Cash operating costs include all cash costs except production taxes and royalties, if applicable. Cash costs are calculated and presented using the “Gold Institute Production Cost Standard” applied consistently for all periods presented.

Total operating costs and cash costs per ounce are non-U.S. GAAP measures and investors are cautioned not to place undue reliance on them and are urged to read all U.S. 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-U.S. GAAP Cash Costs to U.S. GAAP Production Costs” set forth below.

Reconciliation of Non-GAAP Cash Costs to GAAP Production Costs

The following table presents a reconciliation between non-GAAP cash operating costs per ounce and cash costs per ounce to production costs applicable to sales including depreciation, depletion and amortization, calculated in accordance with U.S. 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. Cash operating costs include all cash costs except production taxes and royalties if applicable. Total cash costs and cash operating costs are performance measures which we believe provide management and investors with an indication of net cash flow, after consideration of the realized price received for production sold. Management also uses these measurements for the comparative monitoring of performance of our mining operations period-to-period from a cash flow perspective. “Cash operating costs per ounce” and “Total cash costs per ounce” are measures developed by precious metals companies in an effort to provide a comparable standard, however, there can be no assurance that our reporting of these non-GAAP measures are similar to that reported by other mining companies. Cash operating costs and total cash costs, as alternative measures, have the limitation of excluding potentially large amounts related to inventory adjustments, non-cash charges and byproduct credits. Management compensates for this limitation by using both the GAAP production costs and the non-GAAP cash costs metrics in its planning.

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 Statements of Operations and Comprehensive Income.

Reconciliation of Non-U.S. GAAP Cash Costs to U.S. GAAP Production Costs Three months ended June 30, 2011

(In thousands except ounces and per ounce

San

costs)

Palmarejo

Bartolomé

Kensington Rochester Martha Endeavor Total Production of silver (ounces) 2,370,537 1,741,577 - 333,431 101,122 214,613 4,761,280 Production of gold (ounces) 25,758 25,758 Cash operating cost per Ag ounce $ (3.68 ) $ 8.73 $ 4.34 $ 38.79 $ 20.04 $ 3.39 Cash costs per Ag ounce $ (3.68 ) $ 10.32 $ 6.88 $ 40.47 $ 20.04 $ 4.19 Cash operating cost per Au ounce $ 923.56 $ 923.56 Cash cost per Au ounce $ 923.56 $ 923.56 Total Cash Operating Cost (Non-U.S. GAAP) $ (8,719 ) $ 15,211 $ 23,789 $ 1,446 $ 3,922 $ 4,301 $ 39,950 Royalties 2,760 - 578 170 - 3,508 Production taxes - - 268 - - 268 Total Cash Costs (Non-U.S. GAAP) (8,719 ) 17,971 23,789 2,292 4,092 4,301 43,726 Add/Subtract: Third party smelting costs - - (3,375 ) - (426 ) (1,018 ) (4,819 ) By-product credit 50,188 - - 2,106 169 - 52,463 Other adjustments 552 376 19 97 76 - 1,120 Change in inventory (4,252 ) (4,221 ) (7,588 ) 846 (162 ) (10 ) (15,387 ) Depreciation, depletion and amortization 41,745 5,182 9,889 584 (748 ) 865 57,517

Production costs applicable to sales, including depreciation, depletion and amortization (U.S. GAAP)

$ 79,514 $ 19,308 $ 22,734 $ 5,925 $ 3,001 $ 4,138 $ 134,620 Reconciliation of Non-U.S. GAAP Cash Costs to U.S. GAAP Production Costs Six months ended June 30, 2011

(In thousands except ounces and per ounce

San

costs)

Palmarejo Bartolomé Kensington Rochester Martha Endeavor Total Production of silver (ounces) 4,100,303 3,452,525 667,127 281,107 363,795 8,864,857 Production of gold (ounces) 49,434 49,434 Cash operating cost per Ag ounce $ 0.10 $ 8.93 $ 7.31 $ 29.60 $ 18.85 $ 6.07 Cash costs per Ag ounce $ 0.10 $ 10.40 $ 9.37 $ 30.86 $ 18.85 $ 6.84 Cash operating cost per Au ounce $ 954.78 $ 954.78 Cash cost per Au ounce $ 954.78 $ 954.78 Total Cash Operating Cost (Non-U.S. GAAP) $ (407 ) $ 30,825 $ 47,199 $ 4,875 $ 8,322 $ 6,859 $ 97,673 Royalties - 5,064 - 908 353 - 6,325 Production taxes - - - 468 - - 468 Total Cash Costs (Non-U.S. GAAP) (407 ) 35,889 47,199 6,251 8,675 6,859 104,466 Add/Subtract: Third party smelting costs - - (6,025 ) - (1,799 ) (1,581 ) (9,405 ) By-product credit 88,656 - - 4,121 508 - 93,285 Other adjustments 773 188 19 138 172 - 1,290 Change in inventory (13,884 ) (7,833 ) 4,572 2,188 (4,196 ) (905 ) (20,058 ) Depreciation, depletion and amortization 75,411 10,325 19,254 1,098 (157 ) 1,483 107,414

Production costs applicable to sales, including depreciation, depletion and amortization (U.S. GAAP)

$ 150,549 $ 38,569 $ 65,019 $ 13,796 $ 3,203 $ 5,856 $ 276,992 Three months ended June 30, 2010

(In thousands except ounces and per

San

ounce costs)

Palmarejo Bartolomé Rochester Martha Endeavor Total Production of silver (ounces) 1,070,638 1,863,142 533,094 549,885 139,447 4,156,206 Cash operating cost per Ag ounce $ 10.78 $ 7.78 $ 2.44 $ 8.97 $ 8.98 $ 8.06 Cash costs per Ag ounce $ 10.78 $ 8.32 $ 2.93 $ 9.57 $ 8.98 $ 8.44 Total Operating Cost (Non-U.S. GAAP) $ 11,542 $ 14,490 $ 1,298 $ 4,937 $ 1,252 $ 33,519 Royalties - 999 - 329 - 1,328 Production taxes - - 260 - - 260 Total Cash Costs (Non-U.S. GAAP) 11,542 15,489 1,558 5,266 1,252 35,107 Add/Subtract: Third party smelting costs - - - (1,133 ) (346 ) (1,479 ) By-product credit 23,846 - 3,131 666 - 27,643 Other adjustments - - 95 253 - 348 Change in inventory (3,289 ) (148 ) 811 (920 ) 517 (3,029 ) Depreciation, depletion and amortization 20,289 6,032 458 2,236 450 29,465

Production costs applicable to sales, including depreciation, depletion and amortization (U.S. GAAP)

$ 52,388 $ 21,373 $ 6,053 $ 6,368 $ 1,873 $ 88,055 Six months ended

June 30, 2010

(In thousands except ounces and per

San

ounce costs)

Palmarejo Bartolomé Rochester Martha Endeavor Total Production of silver (ounces) 2,371,231 2,903,068 1,055,253 915,111 343,700 7,588,363 Cash operating cost per Ag ounce $ 7.83 $ 8.57 $ 2.06 $ 11.57 $ 8.04 $ 7.77 Cash costs per Ag ounce $ 7.83 $ 9.22 $ 2.64 $ 12.12 $ 8.04 $ 8.17 Total Operating Cost (Non-U.S. GAAP) $ 18,572 $ 24,869 $ 2,175 $ 10,585 $ 2,764 $ 58,965 Royalties - 1,891 - 506 - 2,397 Production taxes - - 608 - - 608 18,572 26,760 2,783 11,091 2,764 61,970 Total Cash Costs (Non-U.S. GAAP) 61,970 Add/Subtract: Third party smelting costs - - - (1,826 ) (610 ) (2,436 ) By-product credit 48,891 - 6,119 1,237 - 56,247 Other adjustments - - 163 259 - 422 Change in inventory (6,697 ) (2,016 ) 2,318 697 (112 ) (5,810 ) Depreciation, depletion and amortization 41,083 9,209 923 4,553 1,110 56,878

Production costs applicable to sales, including depreciation, depletion and amortization (U.S. GAAP)

$ 101,849 $ 33,953 $ 12,306 $ 16,011 $ 3,152 $ 167,271

Financial information relating to the Company’s segments is as follows (in thousands):

Palmarejo San Bartolomé Kensington Rochester Martha Endeavor Three months ended June 30, 2011 Mine Mine Mine Mine Mine Mine Other Total Sales of metals $ 123,727 $ 55,598 $ 26,012 $ 14,434 $ 4,769 $ 6,550 $ - $ 231,090 Productions costs applicable to sales (37,770 ) (14,126 ) (12,844 ) (5,341 ) (3,749 ) (3,272 ) - (77,102 ) Depreciation and depletion (41,753 ) (5,182 ) (9,890 ) (584 ) 747 (865 ) (114 ) (57,641 ) Gross profit (loss) 44,204 36,290 3,278 8,509 1,767 2,413 (114 ) 96,347 Exploration expense 1,276 31 320 340 1,527 - 583 4,077 Other operating expenses - 70 116 11,025 - - 1,720 12,931 OPERATING INCOME (LOSS) 42,928 36,189 2,842 (2,856 ) 240 2,413 (2,417 ) 79,339 Interest and other income 539 180 2 5 (179 ) - 2,216 2,763 Interest expense (6,112 ) (2 ) (1,360 ) - (68 ) - (1,726 ) (9,268 ) Loss on debt extinguishment - - - - - - (389 ) (389 ) Fair value adjustments, net (13,731 ) - 2,374 - - - (1,075 ) (12,432 ) Income tax benefit (expense) (6,286 ) (12,109 ) - - (410 ) (3 ) (2,594 ) (21,402 ) Net income (loss) $ 17,338 $ 24,258 $ 3,858 $ (2,851 ) $ (417 ) $ 2,410 $ (5,985 ) $ 38,611 Segment assets (A) $ 2,095,411 $ 269,439 $ 507,531 $ 35,606 $ 19,341 $ 40,760 $ 16,201 $ 2,984,289 Capital expenditures (B) $ 10,278 $ 3,276 $ 7,365 $ 4,201 $ 573 $ - $ 71 $ 25,764 Palmarejo San Bartolomé Kensington Rochester Martha Endeavor Three months ended June 30, 2010 Mine Mine Mine Mine Mine Mine Other Total Sales of metals $ 44,834 $ 31,275 $ - $ 12,416 $ 9,187 $ 3,306 $ - $ 101,018 Productions costs applicable to sales (32,100 ) (15,340 ) - (5,595 ) (4,132 ) (1,423 ) - (58,590 ) Depreciation and depletion (20,291 ) (6,032 ) - (458 ) (2,619 ) (450 ) (133 ) (29,983 ) Gross profit (loss) (7,557 ) 9,903 - 6,363 2,436 1,433 (133 ) 12,445 Exploration expense 1,307 - 229 20 1,205 - 400 3,161 Other operating expenses 38 - - 601 - - 6,785 7,424 OPERATING INCOME (LOSS) (8,902 ) 9,903 (229 ) 5,742 1,231 1,433 (7,318 ) 1,860 Interest and other income (1,903 ) (105 ) - 1 (2,180 ) - 366 (3,821 ) Interest expense (5,401 ) (92 ) - - (17 ) - (136 ) (5,646 ) Loss on debt extinguishment - - - - - - (4,050 ) (4,050 ) Fair value adjustments, net (32,633 ) - (6,089 ) - - - (3,794 ) (42,516 ) Income tax benefit (expense) (4,006 ) (3,909 ) - - (2,160 ) - 19,447 9,372 Net loss from discontinued operations - - - - - - (5,943 ) (5,943 ) Net income (loss) $ (52,845 ) $ 5,797 $ (6,318 ) $ 5,743 $ (3,126 ) $ 1,433 $ (1,428 ) $ (50,744 ) Segment assets (A) $ 2,140,633 $ 274,156 $ 477,800 $ 28,625 $ 26,269 $ 39,210 $ 10,683 $ 2,997,376 Capital expenditures (B) $ 10,811 $ 1,325 $ 33,195 $ 86 $ 11 $ - $ 39 $ 45,467 Palmarejo San Bartolomé Kensington Rochester Martha Endeavor Six months ended June 30, 2011 Mine Mine Mine Mine Mine Mine Other Total Sales of metals $ 211,892 $ 101,919 $ 74,122 $ 28,696 $ 4,455 $ 9,630 $ - $ 430,714 Productions costs applicable to sales (75,139 ) (28,244 ) (45,764 ) (12,698 ) (3,359 ) (4,372 ) - (169,576 ) Depreciation and depletion (75,428 ) (10,325 ) (19,255 ) (1,098 ) 155 (1,484 ) (247 ) (107,682 ) Gross profit (loss) 61,325 63,350 9,103 14,900 1,251 3,774 (247 ) 153,456 Exploration expense 1,912 35 366 362 2,823 - 1,341 6,839 Other operating expenses - 108 136 14,561 - - 13,931 28,736 OPERATING INCOME (LOSS) 59,413 63,207 8,601 (23 ) (1,572 ) 3,774 (15,519 ) 117,881 Interest and other income 1,828 787 3 51 (489 ) - 2,484 4,664 Interest expense (11,815 ) (36 ) (2,607 ) - (413 ) - (3,702 ) (18,573 ) Loss on debt extinguishment - - - - - - (856 ) (856 ) Fair value adjustments, net (20,041 ) - 1,676 - - - 665 (17,700 ) Income tax benefit (expense) (10,062 ) (22,146 ) (20 ) - (369 ) (3 ) (1,741 ) (34,341 ) Net income (loss) $ 19,323 $ 41,812 $ 7,653 $ 28 $ (2,843 ) $ 3,771 $ (18,669 ) $ 51,075 Segment assets (A) $ 2,095,411 $ 269,439 $ 507,531 $ 35,606 $ 19,341 $ 40,760 $ 16,201 $ 2,984,289 Capital expenditures (B) $ 15,359 $ 6,812 $ 12,734 $ 5,869 $ 824 $ - $ 83 $ 41,681 Palmarejo San Bartolomé Kensington Rochester Martha Endeavor Six months ended June 30, 2010 Mine Mine Mine Mine Mine Mine Other Total Sales of metals $ 90,448 $ 45,867 $ - $ 23,167 $ 24,207 $ 5,618 $ - $ 189,307 Productions costs applicable to sales (60,767 ) (24,743 ) - (11,384 ) (11,458 ) (2,041 ) - (110,393 ) Depreciation and depletion (41,084 ) (9,209 ) - (923 ) (5,104 ) (1,110 ) (272 ) (57,702 ) Gross profit (loss) (11,403 ) 11,915 - 10,860 7,645 2,467 (272 ) 21,212 Exploration expense 1,787 - 242 41 2,415 - 1,196 5,681 Other operating expenses 351 - - 773 - - 13,402 14,526 OPERATING INCOME (LOSS) (13,541 ) 11,915 (242 ) 10,046 5,230 2,467 (14,870 ) 1,005 Interest and other income 261 (144 ) - 1 (2,950 ) - 744 (2,088 ) Interest expense (10,868 ) (163 ) - - (55 ) - (365 ) (11,451 ) Loss on debt extinguishment - - - - - - (11,908 ) (11,908 ) Fair value adjustments, net (36,179 ) - (6,552 ) - - - (4,043 ) (46,774 ) Income tax benefit (expense) 2,857 (4,501 ) - - (2,173 ) - 20,187 16,370 Net loss from discontinued operations - - - - - - (8,755 ) (8,755 ) Net income (loss) $ (57,470 ) $ 7,107 $ (6,794 ) $ 10,047 $ 52 $ 2,467 $ (19,010 ) $ (63,601 ) Segment assets (A) $ 2,140,633 $ 274,156 $ 477,800 $ 28,625 $ 26,269 $ 39,210 $ 10,683 $ 2,997,376 Capital expenditures (B) $ 27,319 $ 1,871 $ 63,097 $ 87 $ 3 $ - $ 279 $ 92,656

(A) Segment assets consist of receivables, prepaids, inventories, property, plant and equipment, and mining properties

(B) Balance represents cash flow amounts

Segment Information from Continuing Operations

Palmarejo in millions of US$ 2Q 2011 1Q 2011 4Q 2010 3Q 2010 2Q 2010 Sales of Metal $123.7 $88.2 $78.1 $61.5 $44.8 Production Costs 37.7 37.4 35.6 31.3 32.1 EBITDA 84.7 50.2 41.0 28.9 11.4 Operating Income/(Loss) 43.0 16.5 13.0 6.4 -8.9 Operating Cash Flow1 78.6 44.4 40.1 28.9 0.1 Capital Expenditures 10.3 5.1 11.1 15.8 10.8 Ounces unless otherwise noted 2Q 2011 1Q 2011 4Q 2010 3Q 2010 2Q 2010 Underground Operations: Tons Mined 144,614 143,800 151,032 146,682 166,381 Average Silver Grade (oz/t) 10.1 8.3 6.3 5.6 5.1 Average Gold Grade (oz/t) 0.1371 0.14 0.10 0.10 0.09 Surface Operations: Tons Mined 276,699 246,879 281,177 256,927 306,246 Average Silver Grade (oz/t) 5.8 4.6 7.3 5.2 2.0 Average Gold Grade (oz/t) 0.0559 0.05 0.07 0.07 0.03 Processing: Total Tons Milled 414,719 398,740 514,391 405,742 457,268 Average Recovery Rate – Ag 78.30% 72.70% 66.72% 69.60% 72.50% Average Recovery Rate – Au 95.20% 87.40% 90.32% 94.30% 86.70% Silver Production - oz 2,371 1,730 2,010 1,507 1,071 Gold Production - oz 33 28 30 30 20 Cash Operating Costs/Ag Oz ($3.68) $4.80 $2.68 $0.15 $10.78 San Bartolome in millions of US$ 2Q 2011 1Q 2011 4Q 2010 3Q 2010 3Q 2010 Sales of Metal $55.6 $46.3 $67.1 $30.0 $30.0 Production Costs 14.1 14.1 22.4 12.9 12.9 EBITDA 41.4 $31.8 44.7 17.1 17.1 Operating Income/(Loss) 36.2 27.0 39.2 12.2 12.2 Operating Cash Flow1 40.7 32.2 34.0 10.3 10.3 Capital Expenditures 3.3 3.5 3.5 0.8 0.8 Ounces unless otherwise noted 2Q 2011 1Q 2011 4Q 2010 3Q 2010 2Q 2010 Tons Milled 378,640 387,668 404,160 360,605 446,909 Average Silver Grade (oz/t) 5.75 5.6 5.4 5.7 5.0 Average Recovery Rate 87.70% 88.60% 92.04% 87.20% 83.40% Silver Production 1,742 1,711 2,011 1,795 1,863 Gold Production 0 0 0 0 0 Cash Operating Costs/Ag Oz $8.73 $9.13 $7.53 $7.05 $7.78 Kensington in millions of US$ 2Q 2011 1Q 2011 4Q 2010 3Q 2010 2Q 2010 Sales of Metal 26.0 $48.1 $15.1 $8.5 nm Production Costs 12.8 32.9 6.6 7.4 nm EBITDA 12.8

12.8

8.5 0.5 nm Operating Income/(Loss) 2.8 5.8 (1.8) (6.7) nm Operating Cash Flow1 11.4 0.0 7.8 -0.5 nm Capital Expenditures 7.4 5.4 9.6 20.0 33.2 Ounces unless otherwise noted 2Q 2011 1Q 2011 4Q 2010 3Q 2010 2Q 2010 Tons Milled 121,565 105,820 83,774 90,254 0 Average Gold Grade (oz/t) 0.23 0.24 0.37 0.19 0 Average Recovery Rate 93.00% 92.40% 91 87.70% 0 Gold Production 26 24 28 15 0 Cash Operating Costs/Ag Oz $923.56 $988.75 $874.60 $1,199.20 $0.00 Rochester in millions of US$ 2Q 2011 1Q 2011 4Q 2010 3Q 2010 2Q 2010 Sales of Metal $14.4 $14.3 $25.3 $5.8 $12.4 Production Costs 5.3 7.4 10.6 2.8 5.6 EBITDA (2.2) 3.4 14.7 2.8 6.2 Operating Income/(Loss) (2.9) 2.9 15.2 2.3 5.7 Operating Cash Flow1 -2.3 3.4 14.8 2.8 6.2 Capital Expenditures 4.2 1.7 2.1 0.1 0.1 Ounces unless otherwise noted 2Q 2011 1Q 2011 4Q 2010 3Q 2010 2Q 2010 Silver Production 333 334 549 419 533 Gold Production 1 2 2 2 3 Cash Operating Costs/Ag Oz $4.34 $10.28 $2.94 $5.10 $2.44 Martha in millions of US$ 2Q 2011 1Q 2011 4Q 2010 3Q 2010 2Q 2010 Sales of Metal $4.8 ($0.3) $18.6 $11.0 $9.2 Production Costs 3.9 -0.4 10.3 5.3 4.1 EBITDA (0.6) -1.2 6.4 4.3 3.9 Operating Income/(Loss) -0.4 -1.8 5.2 2.1 1.2 Operating Cash Flow1 1.3 -0.3 3.5 -0.2 -0.5 Capital Expenditures 0.6 0.3 0.1 0.0 0.0 Ounces unless otherwise noted 2Q 2011 1Q 2011 4Q 2010 3Q 2010 2Q 2010 Total Tons Milled 22,122 17,818 13,616 12,790 12,421 Average Silver Grade (oz/t) 5.44 12.06 14.53 42.42 50.24 Average Gold Grade (oz/t) 0.01 0.02 0.02 0.05 0.06 Average Recovery Rate – Ag 84.00% 83.70% 75.85% 96.30% 88.10% Average Recovery Rate – Au 72.40% 75.30% 57.68% 93.60% 81.70% Silver Production 101 180 150 511 550 Gold Production 0 0 0 1 1 Cash Operating Costs/Ag Oz $38.79 $24.44 $33.99 $9.86 $8.97 Endeavor in millions of US$ 2Q 2011 1Q 2011 4Q 2010 3Q 2010 2Q 2010 Sales of Metal $6.6 $3.1 $3.3 $1.7 $3.3 Production Costs 3.3 1.1 1.4 0.7 1.4 EBITDA 3.3 2.0 1.9 1.0 1.9 Operating Income/(Loss) 2.4 1.4 1.3 0.7 1.4 Operating Cash Flow1 3.2 2.0 1.9 1.0 1.9 Capital Expenditures 0.0 0.0 0.0 0.0 0.0 Ounces unless otherwise noted 2Q 2011 1Q 2011 4Q 2010 3Q 2010 2Q 2010 Silver Production 215 149 120 102 139 Gold Production 0 0 0 0 0 Cash Operating Costs/Ag Oz $20.04 $17.15 $16.03 $10.32 $8.98

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