| Properties
Rochester - the World's 7th largest
primary silver mine
The Rochester mine is a silver and
gold surface mining operation located in northwestern Nevada and is
100% owned and operated by Coeur. It is one of the largest primary
silver mines in the United States. During 1999, the Company
acquired the mineral rights to the Nevada Packard property, which is
located one and one-half miles south of the Rochester mine, and
commenced mining there in the first quarter of 2003.

Mining at Rochester is expected to
continue until 2007, with metal recovery ongoing through 2011. The
post-mining metal recovery is expected to be at extremely low cash
cost per ounce.
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