Record Setting Fourth Quarter Leads to Exceptional 2010 Financial Performance and Positions Coeur for First Full Year of Contribution From All Three New Precious Metals Mines

Coeur d′Alene Mines Corporation (NYSE:CDE) (TSX:CDM) today announced its
best fourth quarter in the Company′s history, leading to record
quarterly and full-year performance.

Fourth Quarter Highlights:¹

• 
  75% increase in metal sales to record $208 million.
  
• 
  186% increase in operating cash flow² to record $99.4
  million.
  
• 
  Adjusted earnings³ of $49.9 million, or $0.56 per share.
  
• 
  12% increase in total silver production and 28% increase in total gold
  production.
  
• 
  28% drop in total capital expenditures to $26.5 million.
  
• 
  Cash & equivalents doubled from prior quarter-end to over $66 million.
  

2010 Full-Year Highlights:⁴

• 
  72% increase in metal sales to record $515 million.
  
• 
  199% jump in annual operating cash flow³ to record $183.9
  million.
  
• 
  Adjusted earnings³ of $34.3 million, or $0.39 per share.
  
• 
  29% decline in capital expenditures to $156.0 million.
  
• 
  118% increase in gold production to 157,062 ounces.
  

2011 Outlook:

• 
  Estimated silver production of 20 million ounces and gold production
  of 250,000 ounces.
  
• 
  Rochester expansion on-track for additional silver and gold production
  in the fourth quarter.
  
• 
  Accelerated exploration program focused on increasing silver and gold
  resources and reserves.
  
• 
  Precious metals market expected to remain strong.
  

'Coeur′s very strong fourth quarter performance demonstrates the
powerful combination of our three new long-life silver and gold
operations with exceptionally strong precious metals prices. The Company
materially outperformed the prior quarter and year during the fourth
quarter and 2010,? said Dennis E. Wheeler, Chairman, President and Chief
Executive Officer. 'While we continue to fine-tune our new mines as we
enter 2011, the fourth quarter provides shareholders with a benchmark
for the operating and financial results Coeur expects to generate
throughout 2011 assuming continued strong metals prices.?

Mr. Wheeler continued, 'We took advantage of strong fourth quarter free
cash flow to further reduce remaining indebtedness, fund remaining
capital projects at our new mines, support ongoing exploration programs
at all of the Company′s locations, and build our cash balance to
position Coeur for an even stronger 2011.?

'Gold and silver were leading price performers in 2010, up 29% and 83%,
respectively. In the fourth quarter alone, the silver price rose 42% and
gold increased 10%. We remain bullish on both metals given continued
robust investment and monetary demand for both silver and gold, along
with growing industrial demand,? Mr. Wheeler added.

Fourth quarter metal sales jumped $89 million to a record $207.6
million, up 75% compared to the prior quarter, primarily due to the
significant rise in silver production from the Palmarejo mine, increased
gold production at the Kensington mine, and from substantially higher
average realized silver and gold prices. Sales of silver contributed 72%
of the Company′s total fourth quarter metal sales and 69% of 2010 metal
sales. While metals sales materially increased, production costs rose at
a substantially lower rate, leading to significant increases in gross
profit, operating income and operating cash flow in both the fourth
quarter and the full-year of 2010.

Quarterly operating cash flow increased 186% to $99.4 million in the
fourth quarter compared to $34.7 million in the prior quarter while
capital expenditures declined 28% to $26.5 million. For 2010, operating
cash flow jumped 199% to $183.9 million while capital expenditures
dropped 29% to $156.0 million.

Quarterly adjusted earnings increased to $49.9 million, or $0.56 per
share from $2.5 million in the fourth quarter of last year. Quarterly
net income/(loss) was ($9.9) million during the fourth quarter, which
included $59.9 million of non-cash adjustments and deferred taxes.
Full-year 2010 adjusted earnings totaled $34.3 million, or $0.39 per
share, compared to an adjusted loss of $23.5 million in 2009. 2010 net
income/(loss) was ($91.3) million which included $117.5 million of
non-cash adjustments and deferred taxes. Going forward, the Company
plans to report adjusted earnings each quarter and fiscal year, which is
intended to provide shareholders with a measure of the performance of
the Company's ongoing operations during each reporting period by
removing certain non-cash items caused primarily by mark-to-market
adjustments required under U.S. GAAP as well as deferred taxes.¹⁰

Quarterly operating income increased 505% to $63.4 million in the fourth
quarter versus $10.5 million during the third quarter. Full-year 2010
operating income totaled $74.9 million versus an $8.9 million operating
loss in 2009.

The Company′s average realized silver and gold prices during the fourth
quarter were $26.83 and $1,357 per ounce, respectively, representing
increases of 42% and 10% over the third quarter. For 2010, Coeur
realized $20.99 per ounce of silver sold and $1,237 per ounce of gold
sold, representing increases of 42% and 23%, respectively.

At December 31^st, 2010, cash and equivalents totaled $66.1
million, doubling the Company′s cash balance since the end of the third
quarter. Total shares outstanding remain at 89.3 million. Total debt
declined 14% compared to three months ago and dropped 18% compared to
year-end 2009.

Mr. Wheeler stated, 'This new year represents the first full year that
all three of the Company′s new anchor mines will be in operation at the
same time, which has been the key driver to Coeur′s strategy over the
past three years. As a result, we look ahead to a record year for silver
and gold production, metal sales, and cash flow in sustained metals
markets. We also look forward to the planned rebirth at our long-time
flagship Rochester mine, which will begin adding new production in the
fourth quarter, and which continues to be a key contributor to the
Company′s growing production and asset base.?

In the fourth quarter, the Company produced 4.8 million ounces of silver
and 60,640 ounces of gold versus 4.3 million and 47,514 ounces of silver
and gold, respectively, in the third quarter. Coeur′s quarterly silver
production was higher due to a record quarter at Palmarejo in which the
mine exceeded 2.0 million ounces of silver production for the first time
since commencing production in April 2009. Gold production increased 28%
in the fourth quarter due to the continued ramp-up at Kensington, which
produced 27,988 ounces of gold in the fourth quarter, and due to
Palmarejo′s strong fourth quarter, during which the mine exceeded 30,000
ounces of quarterly gold production for the first time since commencing
production in April 2009.

In 2010, Coeur produced 16.8 million silver ounces and 157,061 gold
ounces compared to 16.9 million silver ounces and 72,112 gold ounces in
2009. 2010 silver production was lower at San Bartolom?nd Martha
compared to 2009. This was offset by increased silver production at
Palmarejo in its first full year of operation. The 118% increase in 2010
gold production was attributable to the start-up of operations at
Kensington in July and to the first full year of mining at Palmarejo in
2010.

The Company′s production base and long mine lives continue to be
supported substantial silver and gold reserves and resources. At
year-end, the Company′s proven and probable silver reserves totaled 227
million ounces, measured and indicated silver resources were 206 million
ounces, and inferred silver resources were 54 million ounces. In
addition, Coeur′s growing gold production is backed by a large and
growing reserve base of 2.5 million ounces of proven and probable
reserves, 1.4 million ounces of measured and indicated resources, and
816,195 ounces of inferred resources.¹²

Kensington (Alaska) ? Entering First Full Year
of Operations in 2011

• 
  Commenced commercial production on July 3, 2010.
  
• 
  85% increase in quarterly gold production from 15,155 gold ounces in
  the third quarter to 27,988 ounces in the fourth quarter for total
  2010 production of 43,143 ounces.
  
• 
  Cash costs continue to decline as production increases, with fourth
  quarter costs dropping 27% to $875 per ounce.
  
• 
  93% increase in average gold grade in the fourth quarter versus the
  third quarter.
  
• 
  Quarterly metal sales increased 77% to $15.1 million while production
  costs declined 11% compared to the prior quarter.
  
• 
  Quarterly capital expenditures dropped to $9.5 million from $20.0
  million in the prior quarter.
  
• 
  2010 capital expenditures totaled $92.7 million in order to complete
  construction and commence production ahead of schedule.
  
• 
  Year-end proven and probable reserves totaled 1.4 million gold ounces,
  measured and indicated gold resources were 478,245 ounces, and
  inferred gold resources were 121,182 ounces.
  

Rochester (Nevada) ? Construction and Mining
Activities Underway on Mine′s New Life

• 
  Backfilling, pre-stripping, hiring, and construction of new leach pad
  underway with new silver and gold production ounces anticipated in the
  fourth quarter of 2011.
  
• 
  New operation is expected to increase total average annual production
  to more than 2.4 million silver ounces and 35,000 gold ounces for the
  next eight years.
  
• 
  Produced 548,737 silver ounces and 2,400 gold ounces in the fourth
  quarter and 2.0 million silver ounces and 9,641 gold ounces in 2010.
  Cash operating costs were $2.94 per silver ounce in the fourth quarter
  and $2.93 per silver ounce for the full-year.
  
• 
  Year-end proven and probable reserves totaled 27.6 million silver
  ounces and 247,400 gold ounces, measured and indicated resources were
  94.4 million silver ounces and 708,800 gold ounces, and inferred
  resources were 14.3 million silver ounces and 68,700 gold ounces.
  
• 
  Year-end measured and indicated silver resources increased 72% while
  measured and indicated gold resources increased 73%, which the Company
  believes bodes well for further expansion opportunities at this
  historic silver and gold mine that commenced operations in 1986 and
  has produced over 127 million silver ounces and 1.5 million gold
  ounces.
  

Palmarejo (Mexico) ? First Full Year Completed
with Record Fourth Quarter

• 
  Fourth quarter silver production rose 33% compared to the prior
  quarter to a record 2.0 million ounces while gold production reached a
  record of 30,089 ounces at an average cash operating cost of $2.67 per
  silver ounce.
  
• 
  Produced 5.9 million ounces of silver and 102,440 ounces of gold in
  2010 compared to 3.0 million silver ounces and 54,740 gold ounces
  during the mine′s initial, partial year of operations in 2009.
  
• 
  2010 cash operating costs dropped 58% to $4.10 per silver ounce
  compared to 2009.
  
• 
  Fourth quarter metal sales jumped 27% to $78.1 million versus the
  third quarter.
  
• 
  Quarterly operating cash flow increased 39% to $40.1 million while
  capital expenditures dropped 30% to $11.0 million during the fourth
  quarter.
  
• 
  Full-year operating cash flow totaled $93.6 million while 2010 capital
  expenditures declined from $162.7 million in 2009 to $54.2 million.
  
• 
  Year-end proven and probable reserves totaled 71.8 million silver
  ounces and 870,200 gold ounces, measured and indicated resources were
  16.6 million silver ounces and 191,474 gold ounces, and inferred
  resources were 33.8 million silver ounces and 625,319 gold ounces.
  

San Bartolom?Bolivia) ? Sustained Performance
Throughout 2010

• 
  Fourth quarter silver production increased 12% compared to the prior
  quarter to 2.0 million ounces at an average cash operating cost of
  $7.60 per ounce.
  
• 
  Produced 6.7 million ounces of silver in 2010 at an average cash
  operating cost of $7.87 per ounce.
  
• 
  Record quarterly and full-year metal sales of $67.1 million and $143.0
  million, respectively.
  
• 
  Record quarterly and annual operating cash flow of $34.0 million and
  $60.6 million, respectively.
  
• 
  Capital expenditures declined from $11.1 million in 2009 to $6.2
  million in 2010.
  
• 
  Year-end proven and probable reserves totaled 107.0 million silver
  ounces, measured and indicated resources were 64.6 million silver
  ounces, and inferred resources were 1.6 million silver ounces.
  

Exploration Highlights

Coeur invested a total of $17.9 million in its exploration and reserve
development activities in 2010 compared to $15.8 million in 2009.

The main components of the 2010 program included:

• 
  Over 89,000 meters (292,000 feet) of drilling to discover new mineral
  resources and define mineral reserves. The largest component of the
  exploration program was invested at Palmarejo.
  
• 
  Drilling at the Guadalupe deposit in the Palmarejo district expanded
  the length of the deposit to over 2.7 kilometers long (+1.7 miles).
  Mineral reserves and resources increased at year-end with potential to
  expand with further exploration drilling. Initial testing of several
  new targets in the Palmarejo district with favorable results from two
  new targets: La Victoria, to the northeast of the Palmarejo deposit,
  San Juan de Dios structure located southeast of Palmarejo.
  
• 
  Underground drilling to define and expand known mineralized zones in
  and around the current Palmarejo surface and underground mine.
  
• 
  Positive results in other areas of the Company′s large Palmarejo land
  position, including the Don Ese vein structure. Paramount Gold and
  Silver has recently drilled on this structure located on Coeur′s
  concessions, which is a situation the Company is aggressively
  addressing in order to defend its property rights.
  
• 
  Exploration and definition drilling on the La Negra and La Morocha
  targets on the Joaquin advanced exploration property in Argentina.
  Earned initial 51% equity position in the Joaquin joint venture.
  
• 
  Initial drilling on the Sat?te and Tornado prospects, two new
  targets in Argentina near the Company′s Martha mine. Follow-up
  exploration is planned for 2011.
  
• 
  Over 20,000 feet of drilling on the Raven Vein at Kensington, which
  represents the first drilling program conducted by the Company on this
  prospective target, which returned locally high gold grades. Follow-up
  drilling is planned for 2011.
  
• 
  Nearly 14,000 feet of new drilling at Nevada Packard at Rochester to
  test extensions of the main mineralized trends located between Nevada
  Packard and Rochester. Results indicate strong potential to expand
  mineral resources at depth and to the north.
  

¹ Quarterly comparisons are to the third quarter of 2010.

² 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 $129.4 million of cash flow
from operations during the fourth quarter of 2010 and $165.6 million
during the fiscal year ending December 31, 2010. See the reconciliation
from non-U.S. GAAP to U.S. GAAP at the end of this news release.

³ 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 excludes non-cash fair value
adjustments, other non-cash adjustments, deferred taxes and discontinued
operations. The Company realized a net loss of $9.9 million in the
fourth quarter of 2010 and a net loss of $91.3 million during the fiscal
year ended December 31, 2010 based on U.S. GAAP. See reconciliation
between non-U.S. GAAP adjusted earnings and U.S. GAAP at the end of this
news release.

⁴ Full-year comparisons are to 2009 full-year results.

⁵ Represents sales of metal less production costs. Excludes
depreciation, depletion, and amortization expense.

⁶ 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.

⁷ 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 excludes non-cash fair value
adjustments, other non-cash adjustments, deferred taxes and discontinued
operations. The Company realized a net loss of $9.9 million in the
fourth quarter of 2010 and a net loss of $91.3 million during the fiscal
year ended December 31, 2010 based on U.S. GAAP. See reconciliation
between non-U.S. GAAP adjusted earnings and U.S. GAAP at the end of this
news release.

⁸ 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 $129.4 million of cash flow
from operations during the fourth quarter of 2010 and $165.6 million
during the fiscal year ending December 31, 2010. See the reconciliation
from non-U.S. GAAP to U.S. GAAP at the end of this news release.

⁹ Includes short and long-term indebtedness; excludes capital
leases, royalty obligations and Mitsubishi gold lease facility.

¹⁰ 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 excludes non-cash fair value
adjustments, other non-cash adjustments, deferred taxes and discontinued
operations. See reconciliation between non-U.S. GAAP adjusted earnings
and U.S. GAAP at the end of this news release.

¹¹ For additional operating statistics by mine, please refer
to the tables located at the end of this news release.

¹² As of December 31, 2010. Please refer to the Endeavor
table and the Mineral Reserves table of this release for additional
detail.

Conference Call Information

Coeur will hold a conference call to discuss the Company's fourth
quarter and 2010 results at 1:00 p.m. Eastern time on February 28, 2011.
To listen live via telephone, call (877) 464-2820 (US and Canada) or
(660) 422-4718 (International). The conference ID number is 39113688.
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 March 7, 2011. The replay
dial-in numbers are (800) 642-1687 (US and Canada) and (706) 645-9291
(International) and the access code is 39113688. In addition, the call
will be archived for a limited time on the Company′s web site.

Cautionary Statement

This press 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, 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 presentation. 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 and Australian 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/edgar.shtml.

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 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: San Bartolom?n 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
flagship Rochester mine in Nevada. The Company also owns non-operating
interest a  low-cost mine in Australia, and  conducts  ongoing exploration
activities near its operations in Argentina, Mexico  and Alaska.

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

Operating Statistics From Discontinued Operations

The following table presents information for Broken Hill which was sold
on July 30, 2009, effective as of July 1, 2009 and Cerro Bayo which was
sold on August 9, 2010, effective as of August 1, 2010:

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.