Coeur Achieves Record Production, Sales and Operating Cash Flow in 2011

Add, after Table 6 and before Conference Call information, the following
footnote:

1. EBITDA, operating cash flow, adjusted earnings and cash operating
costs per ounce are non-GAAP measures. Please see the tables in the
Appendix for reconciliation to GAAP.

The corrected release reads:

COEUR ACHIEVES RECORD PRODUCTION, SALES AND OPERATING CASH FLOW IN
2011

Coeur d'Alene Mines Corporation (NYSE:CDE)(TSX:CDM) realized all-time
record full-year production, metal sales and operating cash flow¹
in 2011.

2011 Highlights:

• 
  Net metal sales nearly doubled compared to 2010 to a record $1.0
  billion.
  
• 
  Operating cash flow¹ increased 147% compared to 2010 to a
  record $454.4 million.
  
• 
  Adjusted earnings¹ reached a record $232.5 million, or
  $2.60 per share, nearly a five-fold increase compared to 2010 adjusted
  earnings of $41.5 million, or $0.48 per share.
  
• 
  Net income totaled a record $93.5 million, or $1.05 per share,
  compared to a net loss of ($91.3) million, or ($1.05) per share in
  2010.
  
• 
  Average realized silver and gold prices were $35.15 per ounce and
  $1,588 per ounce, 67% and 26% respectively, higher than 2010.
  
• 
  Record silver production topped 19.1 million ounces, a 14% increase
  over 2010, at cash operating costs of $6.31 per ounce¹, a
  3% decrease from 2010.
  
• 
  Record gold production reached 220,382 ounces in 2011, a 40% increase
  over 2010. Kensington's cash operating costs were $1,088 per gold
  ounce, a 10% increase from 2010.
  
• 
  Proven and probable silver reserves totaled 216.3 million ounces at
  year-end, while proven and probable gold reserves totaled 2.3 million
  ounces.
  
• 
  Working capital was $212.8 million at year-end compared to negative
  working capital at year-end 2010.
  
• 
  Cash and equivalents increased to $175.0 million at December 31, 2011,
  up 165% from year-end 2010.
  

Fourth Quarter Highlights:

• 
  Silver production of 5.3 million ounces.
  
• 
  Cash operating costs¹ of $6.19 per silver ounce.
  
• 
  Gold production of 49,544 ounces.
  
• 
  Metal sales totaled $246.9 million.
  
• 
  Adjusted earnings¹ were $43.2 million, or $0.50 per share.
  
• 
  Operating cash flow¹ totaled $97.5 million.
  

2012 Outlook:

• 
  Estimated silver production of 18.5 million - 20.0 million ounces and
  gold production of 210,000 - 230,000 ounces.
  
• 
  Estimated cash operating costs¹ of $6.50 to $7.50 per ounce
  of silver (assuming $1,500 per ounce gold for the by-product credit).
  
• 
  Estimated $40.0 million exploration program, a 53% increase compared
  to 2011 levels, targeting resource-to-reserve conversions, and reserve
  and resource expansions by year-end 2012.
  

Mitchell J. Krebs, Coeur's President and Chief Executive Officer, said,
'Our successful year was driven by record production levels at our two
largest operations, Palmarejo and San Bartolom?, supported by higher
silver and gold prices.?

He continued, '2011 was a transformational year for the Company. It
marked the first full year that all three of our newer mines were in
production together. The resulting cash flow was put to good use. We
aggressively paid down nearly $50 million of debt, invested $120 million
in capital expenditures intended to benefit shareholders over the
long-term, invested $25 million in five silver exploration and
development companies, and funded a robust $26 million exploration
program. We also transformed the Company's management team at all
levels, which better positions us to achieve our objectives of operating
more efficiently and consistently, growing the business in
value-creating ways, containing operating and non-operating costs, and
re-dedicating ourselves to the highest level of worker safety,
environmental stewardship, and effective community relationships where
we operate.?

Looking to 2012, Mr. Krebs added, 'We expect 2012 to be a year of
important decisions and catalysts for the Company. We are focused on
resuming full production at Kensington in Alaska in the second half of
the year and operating more efficiently and effectively. Our increased
exploration program is expected to generate new targets and ounces
around our existing operations, particularly at Palmarejo. At Rochester
in Nevada, where we invested $27 million last year to construct a new
leach pad, mining is now underway and forecasted to add seven more years
of mine life. At the Joaquin project in southern Argentina, we expect to
provide an updated resource estimate by mid-2012 and continue to advance
work on a feasibility study. We are passionate about materially reducing
non-operating costs during 2012 and containing operating costs at our
mines. We also expect to continue to develop and bolster our team. Solid
execution of our objectives depends on attracting and retaining highly
motivated and highly skilled professionals, something on which we are
keenly focused.?

Table reflects continuing operations

Sales of metal increased by $505.7 million, or 98.1%, to $1.0 billion
from 2010 to 2011, due to higher silver production from Palmarejo and
San Bartolom?, the first full year of gold production from the
Kensington mine, and substantially higher silver and gold prices.

Sales of silver contributed 65% of the Company's total metal sales, with
gold sales contributing the remainder. In 2011, the Company sold 19.1
million ounces of silver and 238,551 ounces of gold, compared to 17.2
million ounces of silver and 130,142 ounces of gold in 2010. During the
fourth quarter of 2011, sales were 5.1 million ounces of silver and
55,308 ounces of gold.

Coeur reports a non-U.S. GAAP metric of adjusted earnings¹ as
a measure of operating income, which excludes non-cash fair value
adjustments, other non-cash adjustments, deferred taxes and discontinued
operations. Full year and fourth quarter adjusted earnings¹
were $232.5 million, or $2.60 per share, and $43.2 million, or $0.50 per
share, respectively, compared with adjusted earnings¹ of
$41.5 million, or $0.50 per share, and $53.2 million or $0.60 per share,
for 2010 and the fourth quarter of 2010, respectively.

In 2011, the Company realized net income of $93.5 million, or $1.05 per
share, including net income of $11.4 million, or $0.13 per share, for
the fourth quarter of 2011. The earnings reflected an income tax
provision of $114.3 million compared to an income tax benefit of $9.5
million in 2010. In addition, earnings were impacted by fair value
adjustments that decreased net income by $52.1 million for the year
ended December 31, 2011 and increased income by $19.0 million in the
fourth quarter of 2011. These fair value adjustments are driven
primarily by the change in gold prices which increases or decreases the
estimated future liability related to a gold royalty obligation at
Palmarejo and a small gold collar option position related to a term
credit facility secured by the Company's Alaskan subsidiary. Net income
for 2011 was also affected by a $5.5 million non-cash loss from early
retirement of Senior Term Notes.

During 2010, the Company reported a net loss of ($91.3 million) or
($1.05) per share, which included fair value adjustments of $117.1
million and a $20.3 million loss from debt extinguishments. In the
fourth quarter of 2010, the net loss was ($5.1 million) or ($0.06) per
share.

Coeur generated operating cash flow¹ of $454.4 million during
2011, including $97.5 million in the fourth quarter. This is compared
with operating cash flow of $183.9 million and $99.4 million in 2010 and
the fourth quarter of 2010, respectively.

Capital expenditures totaled $120.0 million in 2011, a 23% reduction
from 2010. Most of the capital expenditures were at Palmarejo for
activities at the tailings facility, at Kensington for the construction
of the underground paste backfill plant and for underground development,
and at Rochester for construction of the new leach pad. Capital
expenditures in 2012 are expected to total approximately $90.0
million-$120.0 million, with approximately $20.0 million of this total
representing capital that was budgeted to be spent in 2011.

Cash and cash equivalents totaled $175.0 million at December 31, 2011,
an increase of approximately 165% from 2010. Total shares outstanding
remained flat at 89.7 million at year-end 2011 compared to the year-end
2010.

Table reflects continuing operations. Additional operating statistics
are in the tables in the appendix.

Table reflects continuing operations. Additional operating statistics
are in the tables in the appendix.

Palmarejo, Mexico - Flag Ship Mine Generates Strong Cash Flow

• 
  Palmarejo produced 9.0 million ounces of silver and 125,071 ounces of
  gold at cash operating costs of ($0.97) per silver ounce in 2011. In
  2010, Palmarejo produced 5.9 million ounces of silver and 102,440
  ounces of gold at cash operating costs of $4.10 per silver ounce.
  
• 
  This increased production resulted from significantly higher silver
  and gold grades and higher silver recovery rates compared to 2010.
  Cash operating costs per silver ounce were lower than 2010 due mostly
  to the gold by-product credit.
  
• 
  Palmarejo is the Company's largest contributor of sales and operating
  cash flow¹, reaching $454.4 million and $298.8 million,
  respectively, in 2011. Capital expenditures were $37.0 million. In
  2010, sales at Palmarejo totaled $230.0 million, operating cash flow¹
  was $86.6 million and capital expenditures totaled $54.2 million.
  

San Bartolom?, Bolivia - Consistent in 2011

• 
  San Bartolom? produced 7.5 million ounces of silver at cash operating
  costs¹ of $9.10 per silver ounce in 2011, compared to
  production of 6.7 million ounces of silver at cash operating costs¹
  of $7.87 per silver ounce in 2010. This increased production was
  driven by higher mill throughput and higher ore grade while costs were
  higher due to higher production-related taxes as a result of the
  increased production levels.
  
• 
  In December 2011, the Bolivian government granted the Company an
  exemption to mine the Huacajchi Sur deposit located above the
  4,400-meter mining restriction level mandated by the federal
  government. Continued mining over the next two years of the
  higher-grade Huacajchi Sur ore should enable Coeur to realize higher
  margins to help offset expected higher labor and consumable costs in
  2012.
  
• 
  San Bartolom? contributed $267.5 million in sales and $127.6 million
  in operating cash flow¹ in 2011. Capital expenditures were
  $17.7 million. In 2010, sales at San Bartolom? totaled $143.0 million
  while operating cash flow¹ was $54.4 million and capital
  expenditures were $6.2 million.
  

Kensington, Alaska - First Half Reduction Expected to Drive to
Long-Term Consistency

• 
  As previously announced, production levels at Kensington have been
  curtailed during the first half of 2012 to complete several key
  projects designed to improve operational efficiency and consistency.
  Highlights of the progress at Kensington include:
  
  
  • 
    Underground development activities, which we expect to provide
    operational flexibility and facilitate in-fill drilling and
    exploration work, are on schedule.
    
  • 
    Construction of the paste backfill plant is nearly complete with
    electrical and piping work underway.
    
  • 
    New surface facilities including a miners' dormitory, kitchen and
    dining facilities are completed and in use. An expanded warehouse
    and administrative offices are currently under construction.
    
• 
  Coeur announced the promotion of Wayne Zigarlick to General Manager at
  Kensington, effective January 23, 2012. Mr. Zigarlick previously
  served as the Assistant General Manager. Prior to joining Coeur at the
  Kensington Mine in March 2011, he served as Operations Manager at
  Kinross' Kettle River-Buckhorn operation in Washington State. He has
  over 20 years of mining and metallurgical experience with past
  positions at Kinross and the former Echo Bay Mines in the United
  States and Canada.
  
• 
  The mine contributed $151.2 million in sales and $36.1 million in
  operating cash flow¹ in 2011. Capital expenditures were
  $34.0 million. In 2010, Kensington's sales were $23.6 million,
  operating cash flow¹ totaled $7.4 million and capital
  expenditures totaled $92.7 million.
  

Rochester, Nevada - Commencing Full Production from Heap Leach
Expansion

• 
  2011 was a transitional year at Rochester as residual leaching of
  older pads continued to trail off as planned, while construction of a
  new heap leach pad was completed in the fourth quarter. As a result,
  2011 production of 1.4 million ounces of silver and 6,276 ounces of
  gold was lower than 2010 production levels. Commercial production from
  the new leach pad commenced in November. Production is expected to
  accelerate each quarter for a full year estimated production of 2.6
  million to 2.9 million ounces of silver and 30,000 to 35,000 ounces of
  gold. The conveyor system and crushing plant are now operating at full
  capacity and leach recovery rates have been improving in February 2012
  as the flow rates of solution have increased.
  
• 
  As expected, cash operating costs¹ per silver ounce were
  significantly higher in 2011 compared to 2010. Pre-strip and ore
  haulage costs associated with the development of the new leach pad and
  related mining activities were expensed during 2011, while ounces
  produced were lower as described above. As a result, costs per silver
  ounce were higher. In 2012 and over the estimated seven year mine life
  from the new leach pad, cash operating costs are expected to average
  approximately $12 per silver ounce.
  
• 
  Coeur has appointed Carl Waggoner as General Manager at Rochester.
  With over 30 years of industry experience, Mr. Waggoner previously
  served as Manager of Construction and Engineering of Barrick's
  Turquoise Ridge joint venture operation in Nevada and worked at BHP
  Copper, Asarco and Fluor.
  
• 
  Based on the year-end 2011 reserves and resources estimate, the
  ongoing legal dispute related to certain disputed unpatented claims
  has no effect on Rochester's 2011 mineral reserves estimate and may
  have some impact to Rochester's 2011 mineral resources estimate,
  depending on the legal outcome of the November 2012 court case.
  
• 
  The mine contributed $57.3 million in sales and $3.1 million in
  operating cash flow¹ in 2011, with 84% of sales derived
  from silver and the remainder from gold. Capital expenditures were
  $27.2 million. In 2010, sales from Rochester totaled $54.3 million,
  operating cash flow¹ was $24.9 million and capital
  expenditures were $2.3 million.
  

Reserves and Resources

The Company realized steady levels of silver and gold reserves and
increased silver and gold resources, which did not reflect the Company's
aggressive exploration drilling completed in the second half of 2011.

1. 
   Ounces shown as contained
   
2. 
   Reflects mill feed
   

Exploration Highlights

Exploration and reserve development expenditures were $26.2 million in
2011, 51% greater than 2010. In 2012, the Company plans to continue
accelerated exploration, especially in the first half of the year, with
a $40.0 million exploration program, a 53% increase over 2011. The
Company expects to increase contained silver and gold reserves and
resources year-over-year in 2012.

The exploration program for 2012 will focus on advancing the Guadalupe
and La Patria deposits at Palmarejo, the Kensington gold mine in Alaska,
and the Joaquin silver-gold project in Argentina in which Coeur has a
51% managing joint venture interest.

During 2011, exploration highlights included:

• 
  Completion of the first Canadian National Instrument 43-101-compliant
  mineral resource estimate on the Joaquin property in Argentina
  containing 19.7 million silver ounces of Indicated Resources and 48.0
  million ounces of silver in Inferred Resources, all in two deposits,
  La Negra and La Morocha; both remain open for expansion. Coeur's
  current share of this initial mineral resource is 51%. Drilling in the
  fourth quarter of 2011 focused on expansion and definition of the two
  deposits and this work will continue into 2012, followed by
  exploration of the greater property. An updated mineral resource
  estimate is expected to be completed in mid-2012. With completion of a
  feasibility study, Coeur will earn a 61% interest.
  
• 
  Over 12,800 meters of drilling were completed on the La Patria deposit
  at Palmarejo. This drilling was the first drilling by Coeur on this
  nearly 2 kilometer-long mineralized structure, which is located about
  six kilometers south of the current Palmarejo mining operations. Gold
  and silver mineralization at La Patria has been exposed in new surface
  trenches as zone veins and stockwork, from 4 to 28 meters wide, and
  extends over 350 meters deep. Much of the new drilling cut multiple
  intersections of mineralization. At this time, the program's focus is
  on completing a new mineral resource model and defining the extent of
  higher-grade shoots, or 'clavos? that have been defined with our
  drilling.
  
• 
  At Guadalupe, also in the Palmarejo area, over 20,500 meters of
  drilling was completed; mostly in the second half of 2011.
  Mineralization at Guadalupe, in wide veins and associated stockwork,
  has been defined over a strike length of +2.5 kilometers and remains
  open along strike and at depth. Further drilling is planned to define
  and expand the zone, especially on the northern half where initial
  mining is scheduled to commence in 2013.
  
• 
  In addition, drilling at the main Palmarejo open pit and underground
  deposits focused on the Tucson-Chapotillo surface zones with
  underground drilling at the Rosario and 76 zones. Rosario drilling
  results have been encouraging and follow up drilling is underway.
  
• 
  One hole was completed on a new target at Palmarejo, called
  Independencia, in December 2011. This hole cut three zones of
  mineralization ranging from 1.1 meters to 3.7 meters true width
  grading from 2.2 to 6.8 grams per tonne of gold and 192 to 452 grams
  per tonne of silver. Follow-up drilling on this new structure is
  underway.
  
• 
  At Kensington, underground drilling was conducted on the Raven zone,
  located approximately 2,000 feet (600 meters) west of the main
  Kensington mine area and on a new target, Kensington South, located
  about 1,000 feet (300 meters) south of the know southern limit of the
  Kensington mine. Work on a new model of Raven mineral resources is
  scheduled to commence following drilling planned for the first half of
  2012.
  

2012 Outlook

Coeur expects to produce between 18.5 million and 20.0 million ounces of
silver and 210,000 and 230,000 ounces of gold in 2012. Cash operating
costs¹ are expected to be between $6.50 and $7.50 per ounce
of silver (assuming $1,500 per ounce of gold for the by-product credit).
Kensington's cash operating costs¹ are expected to be between
$1,150 and $1,250 per ounce of gold in 2012. Kensington's cash operating
costs¹ are anticipated to be approximately $1,750 per ounce
in the first half of 2012 while production remains temporarily scaled
back, and then improve to $800 to $1,000 per ounce in the fourth
quarter. Approximately 30% of Kensington's full-year production is
expected to take place during the first half of 2012 with the remaining
70% expected in the second half.¹

*G&A includes $6 million of non-cash net stock compensation.

1. EBITDA, operating cash flow, adjusted earnings and cash operating
costs per ounce are non-GAAP measures. Please see the tables in the
Appendix for reconciliation to GAAP.

Conference Call Information

Coeur's fourth quarter and
year-end 2011 financial results conference call will be held at 1:00
p.m. Eastern Time today, Thursday, February 23, 2012.

Dial-in
number: (877) 464-2820

International dial-in number: (660) 422-4718

Conference
ID: 48487351

Webcast: www.coeur.com

A replay of the conference call will be available through March 2, 2012.

Replay
number: (855) 859-2056

International replay number: (404) 537-3406

Replay
code: 48487351

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. 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 release 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 delays and
related disruptions in production, disputed mineral claims, currency
exchange rates, costs of capital expenditures and the completion and/or
updating of mining feasibility studies, changes that could result from
future acquisitions of new mining properties or businesses, risks and
hazards inherent in the mining business (including environmental
hazards, industrial accidents, weather and geologically related
conditions), permitting and regulatory matters (including penalties,
fines, sanctions, and shutdowns), 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. Current mineralized material estimates were inclusive of 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. 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 Canadian NI 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 use certain terms in
this presentation, such as 'measured,? 'indicated,? and 'inferred
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 analysing 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 built and commenced
production from three wholly-owned, long-lived mines between 2008 and
2010: the San Bartolom? silver mine in Bolivia, the Palmarejo
silver-gold mine in Mexico and the Kensington gold mine in Alaska.
Further production has commenced from a new heap leach pad at Coeur's
long-time Rochester silver-gold mine in Nevada. The Company also owns
and operates the Martha silver-gold mine in Argentina and owns a
non-operating interest in a silver-base metal mine in Australia. Coeur
conducts ongoing exploration activities near and within its operating
properties in Argentina, Mexico, Alaska, Nevada and Bolivia. In
addition, Coeur owns strategic minority shareholdings in five silver
development companies in North and South America.

APPENDIX:

(1) Palmarejo commenced commercial production on April ?20, 2009. Mine
statistics do not represent normal operating results.

(2) The leach cycle at Rochester requires 5 to 10 ?years to recover gold
and silver contained in the ore. The Company estimates the metallurgical
recovery to be approximately 61% for silver and 92% for gold. Current
recovery may vary significantly from ultimate recovery. See Critical
Accounting Policies and Estimates ?? Ore on Leach Pad.

(3) Current production ounces and recoveries reflect final metal
settlements of previously reported production ounces.

(4) See 'Reconciliation of Non-GAAP Cash Costs to GAAP Production Costs.'

Table 11:Operating Cash Flow Reconciliation

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 cash flow from operations of $97.5 million
in the fourth quarter of 2011 and $454.4 million in the year ended
December 31, 2011. See the reconciliation from non-U.S. GAAP to U.S.
GAAP at the end of this news release.

Table 12:EBITDA Reconciliation

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.