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Coeur D Alene Mines Corp (CDE) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2012

Coeur Mining, Inc.

CIK: 215466 Ticker: CDE


NEWS RELEASE

Coeur Reports Strong Operating Cash Flow and Record Gold Production in 2012;
Expected Production Growth in 2013 Driven by Rochester Expansion
COEUR D'ALENE, Idaho - February 21, 2013 -
Coeur d'Alene Mines Corporation (NYSE:CDE, TSX:CDM) reported strong operating cash flow1 of $338.7 million from metal sales of $895.5 million for the full year 2012. Production totaled 18.0 million silver ounces and a record 226,486 gold ounces. Coeur expects to generate robust operating cash flow from anticipated 2013 production of 18.0 - 19.5 million ounces of silver and a record 250,000 - 265,000 ounces of gold.
Coeur repurchased nearly $20.0 million, or 0.9 million common shares, during the second half of 2012. Coeur also acquired the remaining interest of the Joaquin silver-gold project in Argentina in December 2012 for $60 million of cash and stock.

2012 Highlights
Silver production was 18.0 million ounces, a 6% decrease from 2011.
Gold production was a record 226,486 ounces, up 3% from 2011.
Average realized prices were $30.92 per silver ounce and $1,665 per gold ounce, down 12% for silver and up 7% for gold from 2011.
Net metal sales totaled $895.5 million, down 12% from 2011.
Operating cash flow1 totaled $338.7 million, down 25% from 2011. Including changes in working capital, net cash from operating activities was $271.6 million compared with $416.2 million in 2011.
Consolidated cash operating costs1 were $7.57 per silver ounce compared with $6.31 per silver ounce in 2011.
Kensington's cash operating costs1 per gold ounce were $1,358 compared with $1,088 in 2011 and ended 2012 at $950 per ounce during December.
Adjusted earnings1 were $121.5 million or $1.36 per share, compared with $232.5 million, or $2.60 per share, in 2011. Net income for 2012, which included a non-cash fair market value adjustment of negative $23.5 million, was $48.7 million, or $0.54 per share, compared with net income of $93.5 million, or $1.05 per share, in 2011.
Cash, cash equivalents and short-term investments were $126.4 million at December 31, 2012, compared with $195.3 million a year ago.
2013 Outlook
Coeur expects to produce 18.0 - 19.5 million ounces of silver and 250,000 - 265,000 ounces of gold in 2013.
Cash operating costs1 per ounce are estimated at $8.00 - $9.00 per silver ounce, assuming a gold by-product price of $1,650 per ounce. Kensington's cash operating costs1 are estimated at $900 - $950 per gold ounce.
Coeur expects to invest $40.0 million in exploration with the goal of increasing estimated mineral reserves and resources at year-end 2013.
Mitchell J. Krebs, Coeur's President and Chief Executive Officer, said, “Coeur has grown considerably over the past five years and is now one of the world's largest silver producers. Today, we have a new management team, a stronger balance sheet and a disciplined but aggressive approach to moving the Company forward which we believe will lead to operational consistency, substantial growth and long-term value creation for our shareholders.
“We expect 2013 to be a strong year for Coeur, supported by significant expected growth at Rochester, a full year of steady state operations at Kensington, and stable production at Palmarejo and San Bartolomé. We worked through operational challenges at Palmarejo and San Bartolomé in the fourth quarter and expect these operations to achieve sustainable production rates in 2013 and beyond.

1.
EBITDA, operating cash flow, adjusted earnings and cash operating costs are non-GAAP measures. Please see tables in the Appendix for reconciliation to U.S. GAAP. Total debt includes short and long-term indebtedness and excludes capital leases and royalty obligations.

1

The following information was filed by Coeur Mining, Inc. (CDE) on Thursday, February 21, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Condensed Consolidated Balance Sheets (unaudited)
Condensed Consolidated Balance Sheets (unaudited) (parenthetical)
Condensed Consolidated Statements Of Cash Flows (unaudited)
Condensed Consolidated Statements Of Changes In Shareholders' Equity (unaudited)
Condensed Consolidated Statements Of Operations And Comprehensive Income (loss) (unaudited)
Consolidated Statement Of Comprehensive Income (loss)
Acquisition Of Joaquin Mineral Interests
Acquisition Of Joaquin Mineral Interests (details 1)
Acquisition Of Joaquin Mineral Interests (details Textual)
Acquisition Of Joaquin Mineral Interests (details)
Acquisition Of Joaquin Mineral Interests (tables)
Basis Of Presentation
Commitment And Contigencies (details Textual)
Commitments And Contingencies
Commitments And Contingencies (details)
Commitments And Contingencies (tables)
Debt, Capital Leases And Royalty Obligation
Debt, Capital Leases And Royalty Obligation (details 1)
Debt, Capital Leases And Royalty Obligation (details Textual)
Debt, Capital Leases And Royalty Obligation (details)
Debt, Capital Leases And Royalty Obligation (table)
Defined Contribution And 401(k) Plans
Defined Contribution And 401(k) Plans (details)
Derivative Financial Instruments
Derivative Financial Instruments (details 1)
Derivative Financial Instruments (details 2)
Derivative Financial Instruments (details Textual)
Derivative Financial Instruments (details)
Derivative Financial Instruments (tables)
Discontinued Operations
Discontinued Operations (details Textual)
Discontinued Operations (details)
Discontinued Operations (tables)
Earnings Per Share
Earnings Per Share (details)
Earnings Per Share (tables)
Fair Value Measurements
Fair Value Measurements (details)
Fair Value Measurements (tables)
Fair Value Measurements Fair Value Measurements (details 1)
Income Taxes
Income Taxes (details 1)
Income Taxes (details 2)
Income Taxes (details 3)
Income Taxes (details 4)
Income Taxes (details 5)
Income Taxes (details Textual)
Income Taxes (details)
Income Taxes (tables)
Investment In Marketable Securities
Investments (details)
Investments (tables)
Litigation And Other Events
Litigation And Other Events (details)
Metal And Other Inventory
Metal And Other Inventory (details)
Metal And Other Inventory (tables)
Mining Properties
Mining Properties (details Textual)
Mining Properties (details)
Mining Properties (tables)
Nature Of Operations
Property, Plant And Equipment
Property, Plant And Equipment (details 1)
Property, Plant And Equipment (details 2)
Property, Plant And Equipment (details Textual)
Property, Plant And Equipment (details)
Property, Plant And Equipment (tables)
Receivables
Receivables (details)
Receivables (tables)
Recently Adopted Accounting Standards
Reclamation And Mine Closure
Reclamation And Mine Closure (details)
Reclamation And Mine Closure (tables)
Segment Reporting
Segment Reporting (details 1)
Segment Reporting (details 2)
Segment Reporting (details Textual)
Segment Reporting (details)
Segment Reporting (tables)
Share-based Compensation Plans
Share-based Compensation Plans (details 1)
Share-based Compensation Plans (details 2)
Share-based Compensation Plans (details 3)
Share-based Compensation Plans (details Textual)
Share-based Compensation Plans (details)
Share-based Compensation Plans (tables)
Significant Customers
Significant Customers (details Textual)
Significant Customers (details)
Significant Customers Significant Customers (tables)
Subsequent Events
Subsequent Events (details)
Summary Of Quarterly Financial Data (unaudited)
Summary Of Quarterly Financial Data (unaudited) (details)
Summary Of Quarterly Financial Data (unaudited) (tables)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (details 1)
Summary Of Significant Accounting Policies (details Textual)
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies Summary Of Significant Accounting Policies (details)
Ticker: CDE
CIK: 215466
Form Type: 10-K Annual Report
Accession Number: 0000215466-13-000048
Submitted to the SEC: Thu Feb 21 2013 5:20:54 PM EST
Accepted by the SEC: Thu Feb 21 2013
Period: Monday, December 31, 2012
Industry: Gold And Silver Ores

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