Exploration

Coeur conducts exploration to sustain our current operation through discovery of new mineral resources and conversion to mineral reserves (brownfields) and to help grow the company with discovery of new deposits in favorable geologic and geographic environments (greenfields)

In 2007 we spent nearly $15 million (US) on this balanced approach to exploration. For 2008 our approved exploration budget is a record $26.7 million. Similar to 2007, this aggressive program will be conducted in our large and prospective land holding at Cerro Bayo (Chile), Martha (Argentina), Kensington (Alaska, USA), Rochester (Nevada, USA) as well as in the Deseado Massif of Santa Cruz, Argentina, Bolivia, and Tanzania. Our most recent addition to this global profile is Mexico and the Palmarejo District of Chihuahua and other properties acquired from our successful acquisition of Bolnisi Gold and Palmarejo Silver and Gold in December, 2007. Nearly 30% of the 2008 exploration budget is devoted to Palmarejo.