Operations
Coeur Mines

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Cash Operating Costs – Full Year 2011

(In thousands except ounces and per ounce costs) Palmarejo San Bartolomé Kensington Rochester Martha Endeavor Total
Total Cash Operating Cost (Non-U.S. GAAP) $(8,743) $68,277 $96,234 $31,978 $17,367 $11,573 $216,686
Royalties - 11,561 - 2,177 685 - 14,423
Production taxes - - - 409 - - 409
Total Cash Costs (Non-U.S. GAAP) (8,743) 79,838 96,234 34,564 18,052 11,573 231,518
Add/Subtract:
Third party smelting costs - - (11,003) - (2,882) (2,872) (16,757)
By-product credit 197,342 - - 9,898 949 - 208,189
Other adjustments 1,441 906 19 522 559 - 3,447
Change in inventory (3,839) (1,065) 16,422 (16,727) (1,165) (67) (6,441)
Depreciation, depletion and amortization 159,231 22,408 35,839 2,807 554 3,148 223,987
Production costs applicable to sales, including depreciation, depletion and amortization (U.S. GAAP) $345,432 $102,087 $137,511 $31,064 $16,067 $11,782 $643,943
Production of silver (ounces) 9,041,488 7,501,367 - 1,392,433 529,602 613,361 19,078,251
Cash operating cost per silver ounce ($0.97) $9.10 - $22.97 $32.79 $18.87 $6.31
Cash costs per silver ounce ($0.97) $10.64 - $24.82 $34.08 $18.87 $7.09
Production of gold (ounces) - - $88,420.00 - - - $88,420.00
Cash operating cost per gold ounce - - $1,088.37 - - - $1,088.37
Cash cost per gold ounce - - $1,088.37 - - - $1,088.37