Coeur Reports Healthy Increases in Combined Reserves and Measured and Indicated Resources
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Coeur d'Alene Mines Corporation (NYSE:CDE) (TSX:CDM) today announced
that the Company increased its total combined proven and probable
reserves and measured and indicated resources of silver and gold by 17%
and 12%, respectively, resulting in the addition of 85.2 million silver
ounces and 462,000 gold ounces at year-end 2012 over 2011. These gains
exclude the 18.0 million ounces of silver and 226,486 ounces of gold
produced during 2012.
The Company′s Rochester mine in Nevada increased silver and gold
reserves by 52% and 25%, respectively, over 2011 after producing 2.8
million silver ounces and 38,071 gold ounces in 2012. As described in
the Company′s January 17, 2013 news release, Rochester expects to
increase production by 35 - 50% over 2012 based on continued processing
of historic stockpiles. These historic stockpiles contributed to the
increases in silver and gold reserves.
At the Palmarejo mine in Mexico, silver and gold measured and indicated
resources grew 169% from 17.0 million to 45.7 million ounces of silver
and 370% from 205,000 to 964,000 ounces of gold from 2011 to 2012.
Highlights:
(All comparisons below refer to year-end 2012
compared with year-end 2011)
Company Total Consolidated Silver Mineral Reserves and Measured and
Indicated Resources:
Proven and probable silver reserves increased 2% from 216.3 million
ounces to 220.4 million ounces
36% increase in additional measured and indicated silver resources
from 223.9 million ounces to 305.0 million ounces
Company Total Consolidated Gold Mineral Reserves and Measured and
Indicated Resources:
Proven and probable gold reserves declined 13% from 2.3 million ounces
to 2.0 million ounces
45% increase in measured and indicated gold resources from 1.7 million
ounces to 2.4 million ounces
Rochester:
Proven and probable silver reserves increased 52% from 29.6 million
ounces to 44.9 million ounces
Proven and probable gold reserves increased 25% from 247,000 ounces to
308,000 ounces
Palmarejo:
Consolidated proven and probable silver reserves declined 7% from 56.8
million ounces to 53.1 million ounces
Consolidated proven and probable gold reserves declined 3% from
688,000 ounces to 665,000 ounces
Consolidated measured and indicated silver resources increased 169%
from 17.0 million ounces to 45.7 million ounces
Consolidated measured and indicated gold resources increased 370% from
205,000 ounces to 964,000 ounces
Guadalupe′s measured and indicated silver resources increased 42%
and measured and indicated gold resources increased 31%
Initial indicated resources at La Patria of 9.8 million silver
ounces and 0.5 million gold ounces
Kensington:
Proven and probable reserves declined 24% from 1.3 million gold ounces
to 1.0 million gold ounces
Increased definition drilling at a cost of approximately $3.9 million
was completed and has improved the Company′s overall understanding of
the Kensington deposit. This will enhance development of a more
reliable and accurate mine plan and improve exploration targeting.
San Bartolom?:
Proven and probable reserves declined 8% from 118.1 million silver
ounces to 109.1 million silver ounces.
Favorable results from the new Pucka Loma target included trench
samples with silver values averaging 113 grams per tonne (3.3 ounces
per ton) over an average of four meters (13.1 feet) deep. An initial
mineral resource estimate of this new zone is expected by mid-year
2013.
Joaquin:
Year-end silver measured and indicated resources stood at 65.2 million
ounces, representing a 70% increase from the September 2012 estimates
(100% basis) and with a 32% increase in the average silver grade from
the previous 98 grams per tonne (3.76 ounces per ton) to 129 grams per
tonne (2.85 ounces per ton).
Lejano:
Exploration led to the first estimate of mineral resources at Lejano,
located in southern Argentina. Measured and indicated resources
totaled 3.0 million silver ounces and 10,000 gold ounces and inferred
resources of 5.7 million silver ounces and 19,000 gold ounces.
Donald J. Birak, Senior Vice President of Exploration for Coeur, said,
'Our 2012 exploration program of $40.0 million was successful in
cost-effectively adding approximately 109.6 million silver equivalent
ounces of new proven and probable reserves and new measured and
indicated resources, not taking into account the production of 29.9
million silver equivalent ounces in 2012.1 We remain
committed to maintaining an aggressive exploration program given the
results achieved through these investments and the opportunities they
provide for further mineral resource and reserve growth.
'During 2013, we plan to invest another $40.0 million in exploration
with a goal to increase mineral resources and to further define our
measured, indicated and inferred resources, which should drive increases
in our mineral reserves. We will focus in 2013 on (i) continuing to
drill the historic stockpiles at Rochester to add low-cost reserves and
resources; (ii) expanding the existing reserves and resources at
Palmarejo, including the nearby Guadalupe and La Patria deposits; (iii)
adding high-grade mineral resources at Kensington; and (iv) expanding
the size of the mineral resources at the Joaquin project in Argentina
and (v) exploring for new silver and gold deposits at all our
properties.?
Please refer to the tables in the Appendix for tons and average grades
associated with references of contained ounces in each category in this
news release. All reserves and resources reported herein comply with
Canadian National Instrument 43-101.
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, production levels,
initial mineral resource estimates and future reserve and resource
additions. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause Coeur's actual
results, performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by the
forward-looking statements. Such factors include, among others, the
risks and hazards inherent in the mining business (including
environmental hazards, industrial accidents, weather or geologically
related conditions), changes in the market prices of gold and silver,
the uncertainties inherent in Coeur's production, exploratory and
developmental activities, including risks relating to permitting and
regulatory delays and disputed mining claims, any future labor disputes
or work stoppages, the uncertainties inherent in the estimation of gold
and silver ore reserves, changes that could result from Coeur's future
acquisition of new mining properties or businesses, reliance on third
parties to operate certain mines where Coeur owns silver production and
reserves, the loss of any third-party smelter to which Coeur markets
silver and gold, the effects of environmental and other governmental
regulations, the risks inherent in the ownership or operation of or
investment in mining properties or businesses in foreign countries,
Coeur's ability to raise additional financing necessary to conduct its
business, make payments or refinance its debt, 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
most recent 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. Current mineralized
material estimates include disputed and undisputed claims at Rochester.
While the Company believes it holds a superior position in the ongoing
claim dispute, the Company believes an adverse legal outcome would cause
it to modify mineralized material estimates. 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 Canadian National Instrument 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 may use certain terms in
public disclosures, such as 'measured,' 'indicated,' 'inferred? and
'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 four precious
metals mines in the Americas generating strong production, sales and
cash flow in continued robust metals markets. Coeur produces from its
wholly owned operations: the Palmarejo silver-gold mine in Mexico, the
San Bartolom? silver mine in Bolivia, the Rochester silver-gold mine in
Nevada and the Kensington gold mine in Alaska. The Company also owns a
non-operating interest in a low-cost mine in Australia, and conducts
ongoing exploration activities in Mexico, Argentina, Nevada, Alaska and
Bolivia.
1. | ? | Silver equivalent ounces were calculated using Coeur′s 2012 |
APPENDIX
The following notes apply to Charts 3, 4, 5 and 6:
a) | ? | For 2012, metal prices used for mineral reserves were $27.50 |
b) | For 2011, metal prices used for mineral reserves were $23.00 | |
? |
Table 1: 2012 Proven and Probable Reserves | ||||||||||||||||||
? | ? | ? | ? | ? | ? | ? | ? | |||||||||||
SHORT TONS | GRADE (Oz/Ton) | OUNCES | ||||||||||||||||
YEAR END 2012 | ? | ? | LOCATION | ? | ? | ? | ? | ? | SILVER | ? | ? | GOLD | ? | ? | SILVER | ? | ? | GOLD |
? | ? | ? | ? | |||||||||||||||
PROVEN RESERVES | ||||||||||||||||||
Rochester | Nevada, USA | 56,304,000 | 0.54 | 0.004 | 30,501,000 | 230,000 | ||||||||||||
Martha | Argentina | ? | ? | ? | ? | ? | ||||||||||||
San Bartolom? | Bolivia | 1,187,000 | 2.92 | ? | 3,460,000 | ? | ||||||||||||
Kensington | Alaska, USA | 647,000 | ? | 0.277 | ? | 179,000 | ||||||||||||
Endeavor | Australia | 2,258,000 | 4.32 | ? | 9,957,000 | ? | ||||||||||||
Palmarejo | Mexico | 5,747,000 | 4.67 | 0.061 | 26,858,000 | 348,000 | ||||||||||||
Joaquin | ? | ? | Argentina | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? |
Total | ? | ? | ? | ? | ? | 66,143,000 | ? | ? | ? | ? | ? | ? | ? | ? | 70,577,000 | ? | ? | 757,000 |
? | ||||||||||||||||||
PROBABLE RESERVES | ||||||||||||||||||
Rochester | Nevada, USA | 23,619,000 | 0.61 | 0.003 | 14,396,000 | 78,000 | ||||||||||||
Mina Martha | Argentina | ? | ? | ? | ? | ? | ||||||||||||
San Bartolom? | Bolivia | 41,699,000 | 2.53 | ? | 105,628,000 | ? | ||||||||||||
Kensington | Alaska, USA | 4,020,000 | ? | 0.208 | ? | 837,000 | ||||||||||||
Endeavor | Australia | 2,508,000 | 1.43 | ? | 3,588,000 | ? | ||||||||||||
Palmarejo | Mexico | 7,105,000 | 3.69 | 0.045 | 26,251,000 | 317,000 | ||||||||||||
Joaquin | ? | ? | Argentina | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? |
Total | ? | ? | ? | ? | ? | 78,951,000 | ? | ? | ? | ? | ? | ? | ? | ? | 149,863,000 | ? | ? | 1,231,000 |
? | ||||||||||||||||||
PROVEN AND PROBABLE RESERVES | ||||||||||||||||||
Rochester | Nevada, USA | 79,923,000 | 0.56 | 0.004 | 44,896,000 | 308,000 | ||||||||||||
Martha | Argentina | ? | ? | ? | ? | ? | ||||||||||||
San Bartolom? | Bolivia | 42,886,000 | 2.54 | ? | 109,088,000 | ? | ||||||||||||
Kensington | Alaska, USA | 4,667,000 | ? | 0.218 | ? | 1,016,000 | ||||||||||||
Endeavor | Australia | 4,766,000 | 2.80 | ? | 13,345,000 | ? | ||||||||||||
Palmarejo | Mexico | 12,852,000 | 4.13 | 0.052 | 53,110,000 | 665,000 | ||||||||||||
Joaquin | ? | ? | Argentina | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? |
Total Proven and Probable | ? | ? | ? | ? | ? | 145,094,000 | ? | ? | ? | ? | ? | ? | ? | ? | 220,439,000 | ? | ? | 1,988,000 |
? | ||||||||||||||||||
? |
Table 2: 2012 Measured and Indicated Resources (Excluding | ||||||||||||||||||
? | ||||||||||||||||||
? | ? | ? | ? | SHORT TONS | ? | ? | GRADE (Oz/Ton) | ? | ? | OUNCES | ||||||||
YEAR END 2012 | ? | ? | LOCATION | ? | ? | ? | ? | ? | SILVER | ? | ? | GOLD | ? | ? | SILVER | ? | ? | GOLD |
? | ? | ? | ? | |||||||||||||||
MEASURED RESOURCES | ||||||||||||||||||
Rochester | Nevada, USA | 135,558,000 | 0.47 | 0.004 | 63,921,000 | 498,000 | ||||||||||||
Martha | Argentina | ? | ? | ? | ? | ? | ||||||||||||
San Bartolom? | Bolivia | ? | ? | ? | ? | ? | ||||||||||||
Kensington | Alaska, USA | 382,000 | ? | 0.239 | ? | 91,000 | ||||||||||||
Endeavor | Australia | 10,639,000 | 1.98 | ? | 21,088,000 | ? | ||||||||||||
Palmarejo | Mexico | 3,186,000 | 7.13 | 0.099 | 22,720,000 | 315,000 | ||||||||||||
Joaquin | ? | ? | Argentina | ? | ? | 5,942,000 | ? | ? | 4.58 | ? | ? |
| ? | ? | 27,191,000 | ? | ? | 19,000 |
Total | ? | ? | ? | ? | ? | 155,707,000 | ? | ? | ? | ? | ? | ? | ? | ? | 134,920,000 | ? | ? | 924,000 |
? | ||||||||||||||||||
INDICATED RESOURCES | ||||||||||||||||||
Rochester | Nevada, USA | 128,724,000 | 0.44 | 0.003 | 56,795,000 | 367,000 | ||||||||||||
Mina Martha | Argentina | 57,000 | 13.57 | 0.017 | 775,000 | 1,000 | ||||||||||||
San Bartolom? | Bolivia | 20,040,000 | 2.27 | ? | 45,463,000 | ? | ||||||||||||
Kensington | Alaska, USA | 2,224,000 | ? | 0.196 | ? | 435,000 | ||||||||||||
Endeavor | Australia | 302,000 | 10.23 | ? | 3,090,000 | ? | ||||||||||||
Palmarejo | Mexico | 20,526,000 | 1.12 | 0.032 | 23,021,000 | 649,000 | ||||||||||||
Joaquin | Argentina | 11,398,000 | 3.33 | 0.004 | 37,980,000 | 42,000 | ||||||||||||
Lejano | ? | ? | Argentina | ? | ? | 1,233,000 | ? | ? | 2.42 | ? | ? | 0.008 | ? | ? | 2,983,000 | ? | ? | 10,000 |
Total | ? | ? | ? | ? | ? | 184,504,000 | ? | ? | ? | ? | ? | ? | ? | ? | 170,108,000 | ? | ? | 1,504,000 |
? | ||||||||||||||||||
MEASURED AND INDICATED RESOURCES | ||||||||||||||||||
Rochester | Nevada, USA | 264,283,000 | 0.46 | 0.003 | 120,717,000 | 865,000 | ||||||||||||
Martha | Argentina | 57,000 | 13.57 | 0.017 | 775,000 | 1,000 | ||||||||||||
San Bartolom? | Bolivia | 20,040,000 | 2.27 | ? | 45,463,000 | ? | ||||||||||||
Kensington | Alaska, USA | 2,606,000 | ? | 0.202 | ? | 526,000 | ||||||||||||
Endeavor | Australia | 10,941,000 | 2.21 | ? | 24,179,000 | ? | ||||||||||||
Palmarejo | Mexico | 23,712,000 | 1.93 | 0.041 | 45,741,000 | 964,000 | ||||||||||||
Joaquin | Argentina | 17,340,000 | 3.76 | 0.004 | 65,171,000 | 61,000 | ||||||||||||
Lejano | ? | ? | Argentina | ? | ? | 1,233,000 | ? | ? | 2.42 | ? | ? | 0.008 | ? | ? | 2,983,000 | ? | ? | 10,000 |
Total Measured and Indicated | ? | ? | ? | ? | ? | 340,210,000 | ? | ? | ? | ? | ? | ? | ? | ? | 305,028,000 | ? | ? | 2,427,000 |
? | ||||||||||||||||||
? |
Table 3: 2012 Inferred Resources | ||||||||||||||||||
? | ||||||||||||||||||
? | ? | ? | ? | SHORT TONS | ? | ? | GRADE (Oz/Ton) | ? | ? | OUNCES | ||||||||
YEAR END 2012 | ? | ? | LOCATION | ? | ? | ? | ? | ? | SILVER | ? | ? | GOLD | ? | ? | SILVER | ? | ? | GOLD |
? | ? | ? | ? | |||||||||||||||
INFERRED RESOURCES | ||||||||||||||||||
Rochester | Nevada, USA | 45,643,000 | 0.60 | 0.003 | 27,201,000 | 123,000 | ||||||||||||
Martha | Argentina | 204,000 | 4.75 | 0.005 | 969,000 | 1,000 | ||||||||||||
San Bartolom? | Bolivia | 2,826,000 | 1.17 | ? | 3,319,000 | ? | ||||||||||||
Kensington | Alaska, USA | 704,000 | ? | 0.244 | ? | 172,000 | ||||||||||||
Endeavor | Australia | 3,527,000 | 1.09 | ? | 3,836,000 | ? | ||||||||||||
Palmarejo | Mexico | 11,903,000 | 1.86 | 0.038 | 22,104,000 | 457,000 | ||||||||||||
Joaquin | Argentina | 1,060,000 | 2.94 | 0.003 | 3,113,000 | 4,000 | ||||||||||||
Lejano | ? | ? | Argentina | ? | ? | 3,307,000 | ? | ? | 1.73 | ? | ? | 0.006 | ? | ? | 5,713,000 | ? | ? | 19,000 |
Total Inferred | ? | ? | ? | ? | ? | 69,174,000 | ? | ? | ? | ? | ? | ? | ? | ? | 66,254,000 | ? | ? | 775,000 |
? |
Notes to the above Mineral Reserves and Resources:
1. | ? | Effective December 31, 2012. |
2. | Metal prices used for mineral reserves were $33.00 per ounce | |
3. | Palmarejo mineral resources are the addition of Palmarejo, | |
4. | Mineral Resources are in addition to mineral reserves and | |
5. | Current mineral resources were inclusive of disputed and | |
6. | Rounding of tons and ounces, as required by reporting | |
7. | For details on the estimation of mineral resources and | |
? |
Table 4: 2011 Proven and Probable Reserves | ||||||||||||||||||
? | ||||||||||||||||||
? | ? | ? | ? | SHORT TONS | ? | ? | GRADE (Oz/Ton) | ? | ? | OUNCES | ||||||||
YEAR END 2011 | ? | ? | LOCATION | ? | ? | ? | ? | ? | SILVER | ? | ? | GOLD | ? | ? | SILVER | ? | ? | GOLD |
? | ? | ? | ? | |||||||||||||||
PROVEN RESERVES | ||||||||||||||||||
Rochester | Nevada, USA | 31,532,000 | 0.59 | 0.006 | 18,681,000 | 179,000 | ||||||||||||
Martha | Argentina | ? | ? | ? | ? | ? | ||||||||||||
San Bartolom? | Bolivia | 959,000 | 3.01 | ? | 2,888,000 | ? | ||||||||||||
Kensington | Alaska, USA | 1,164,000 | ? | 0.280 | ? | 326,000 | ||||||||||||
Endeavor | Australia | 2,635,000 | 1.39 | ? | 3,674,000 | ? | ||||||||||||
Palmarejo | Mexico |
| 5.31 | 0.067 | 26,091,000 | 330,000 | ||||||||||||
Joaquin (51%) | ? | ? | Argentina | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? |
Total | ? | ? | ? | ? | ? | 41,206,000 | ? | ? | ? | ? | ? | ? | ? | ? | 51,334,000 | ? | ? | 835,000 |
? | ||||||||||||||||||
PROBABLE RESERVES | ||||||||||||||||||
Rochester | Nevada, USA | 15,747,000 | 0.69 | 0.004 | 10,892,000 | 68,000 | ||||||||||||
Martha | Argentina | 53,000 | 12.79 | 0.011 | 671,000 | 1,000 | ||||||||||||
San Bartolom? | Bolivia | 43,556,000 | 2.64 | ? | 115,192,000 | ? | ||||||||||||
Kensington | Alaska, USA | 4,842,000 | ? | 0.209 | ? | 1,104,000 | ||||||||||||
Endeavor | Australia | 2,998,000 | 2.50 | ? | 7,501,000 | ? | ||||||||||||
Palmarejo | Mexico | 7,581,000 | 4.05 | 0.047 | 30,727,000 | 358,000 | ||||||||||||
Joaquin (51%) | ? | ? | Argentina | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? |
Total | ? | ? | ? | ? | ? | 74,777,000 | ? | ? | ? | ? | ? | ? | ? | ? | 164,983,000 | ? | ? | 1,441,000 |
? | ||||||||||||||||||
PROVEN AND PROBABLE RESERVES | ||||||||||||||||||
Rochester | Nevada, USA | 47,280,000 | 0.63 | 0.005 | 29,573,000 | 247,000 | ||||||||||||
Martha | Argentina | 53,000 | 12.79 | 0.011 | 671,000 | 1,000 | ||||||||||||
San Bartolom? | Bolivia | 44,515,000 | 2.65 | ? | 118,080,000 | ? | ||||||||||||
Kensington | Alaska, USA | 6,006,000 | ? | 0.223 | ? | 1,340,000 | ||||||||||||
Endeavor | Australia | 5,633,000 | 1.98 | ? | 11,175,000 | ? | ||||||||||||
Palmarejo | Mexico | 12,497,000 | 4.55 | 0.055 | 56,818,000 | 688,000 | ||||||||||||
Joaquin (51%) | ? | ? | Argentina | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? |
Total Proven and Probable | ? | ? | ? | ? | ? | 115,983,000 | ? | ? | ? | ? | ? | ? | ? | ? | 216,317,000 | ? | ? | 2,276,000 |
? | ||||||||||||||||||
? |
Table 5: 2011 Measured and Indicated Resources (Excluding | ||||||||||||||||||
? | ||||||||||||||||||
? | ? | ? | ? | SHORT TONS | ? | ? | GRADE (Oz/Ton) | ? | ? | OUNCES | ||||||||
YEAR END 2011 | ? | ? | LOCATION | ? | ? | ? | ? | ? | SILVER | ? | ? | GOLD | ? | ? | SILVER | ? | ? | GOLD |
? | ? | ? | ? | |||||||||||||||
MEASURED RESOURCES | ||||||||||||||||||
Rochester | Nevada, USA | 131,085,000 | 0.46 | 0.004 | 60,586,000 | 501,000 | ||||||||||||
Martha | Argentina | ? | ? | ? | ? | ? | ||||||||||||
San Bartolom? | Bolivia | ? | ? | ? | ? | ? | ||||||||||||
Kensington | Alaska, USA | 495,000 | ? | 0.234 | ? | 116,000 | ||||||||||||
Endeavor | Australia | 10,924,000 | 2.67 | ? | 29,149,000 | ? | ||||||||||||
Palmarejo | Mexico | 1,793,000 | 4.24 | 0.052 | 7,594,000 | 93,000 | ||||||||||||
Joaquin (51%) | ? | ? | Argentina | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? |
Total | ? | ? | ? | ? | ? | 144,297,000 | ? | ? | ? | ? | ? | ? | ? | ? | 97,329,000 | ? | ? | 710,000 |
? | ||||||||||||||||||
INDICATED RESOURCES | ||||||||||||||||||
Rochester | Nevada, USA | 120,387,000 | 0.43 | 0.003 | 51,762,000 | 366,000 | ||||||||||||
Martha | Argentina | 35,000 | 12.15 | 0.011 | 427,000 | 0 | ||||||||||||
San Bartolom? | Bolivia | 21,264,000 | 2.59 | ? | 54,968,000 | ? | ||||||||||||
Kensington | Alaska, USA | 2,544,000 | ? | 0.185 | ? | 471,000 | ||||||||||||
Endeavor | Australia | 124,000 | 0.01 | ? |
| ? | ||||||||||||
Palmarejo | Mexico | 3,269,000 | 2.88 | 0.034 | 9,399,000 | 111,000 | ||||||||||||
Joaquin (51%) | Argentina | 4,050,000 | 2.48 | 0.005 | 10,043,000 | 18,000 | ||||||||||||
Lejano | ? | ? | Argentina | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? |
Total | ? | ? | ? | ? | ? | 151,672,000 | ? | ? | ? | ? | ? | ? | ? | ? | 126,601,000 | ? | ? | 968,000 |
? | ||||||||||||||||||
MEASURED AND INDICATED RESOURCES | ||||||||||||||||||
Rochester | Nevada, USA | 251,472,000 | 0.45 | 0.003 | 112,349,000 | 867,000 | ||||||||||||
Martha | Argentina | 35,000 | 12.15 | 0.011 | 427,000 | 0 | ||||||||||||
San Bartolom? | Bolivia | 21,264,000 | 2.59 | ? | 54,968,000 | ? | ||||||||||||
Kensington | Alaska, USA | 3,039,000 | ? | 0.193 | ? | 587,000 | ||||||||||||
Endeavor | Australia | 11,047,000 | 2.64 | ? | 29,151,000 | ? | ||||||||||||
Palmarejo | Mexico | 5,062,000 | 3.36 | 0.040 | 16,993,000 | 205,000 | ||||||||||||
Joaquin (51%) | Argentina | 4,050,000 | 2.48 | 0.005 | 10,043,000 | 18,000 | ||||||||||||
Lejano | ? | ? | Argentina | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? |
Total Measured and Indicated | ? | ? | ? | ? | ? | 295,969,000 | ? | ? | ? | ? | ? | ? | ? | ? | 223,930,000 | ? | ? | 1,677,000 |
? | ||||||||||||||||||
? |
Table 6: 2011 Inferred Resources | ||||||||||||||||||
| ||||||||||||||||||
? | ? | ? | ? | SHORT TONS | ? | ? | GRADE (Oz/Ton) | ? | ? | OUNCES | ||||||||
YEAR END 2011 | ? | ? | LOCATION | ? | ? | ? | ? | ? | SILVER | ? | ? | GOLD | ? | ? | SILVER | ? | ? | GOLD |
? | ? | ? | ? | |||||||||||||||
INFERRED RESOURCES | ||||||||||||||||||
Rochester | Nevada, USA | 40,543,000 | 0.58 | 0.003 | 23,619,000 | 122,000 | ||||||||||||
Martha | Argentina | 259,000 | 4.32 | 0.005 | 1,121,000 | 1,000 | ||||||||||||
San Bartolom? | Bolivia | 3,385,000 | 1.07 | ? | 3,617,000 | ? | ||||||||||||
Kensington | Alaska, USA | 731,000 | ? | 0.232 | ? | 170,000 | ||||||||||||
Endeavor | Australia | 3,527,000 | 1.09 | ? | 3,836,000 | ? | ||||||||||||
Palmarejo | Mexico | 11,653,000 | 2.40 | 0.052 | 27,928,000 | 612,000 | ||||||||||||
Joaquin (51%) | Argentina | 7,755,000 | 3.15 | 0.003 | 24,456,000 | 21,000 | ||||||||||||
Lejano | ? | ? | Argentina | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? | ? |
Total | ? | ? | ? | ? | ? | 67,853,000 | ? | ? | ? | ? | ? | ? | ? | ? | 84,576,000 | ? | ? | 926,000 |
? |
In reference to the above 2011 reserves and resources tables, effective
December 31, 2011, for details on the estimation of mineral resources
and reserves for each property, please refer to the relevant Technical
Report on file at www.sedar.com.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20130215005233/en/
Coeur d'Alene Mines Corporation
Wendy Yang, Vice President of
Investor Relations
208-665-0345
or
Stefany Bales,
Director of Corporate Communications
208-667-8263
www.coeur.com