NEW KENSINGTON GOLD MINE

Very Independent Research, LLC 
Knight Capital Group
Metals Conference November 18th & 19th, 2009

Cautionary Statement
This presentation contains forward‐looking statements within the meaning of securities legislation in the United States, Canada, and Australia, 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 presentation 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 schedules, currency exchange rates, and the completion and/or updating of mining feasibility studies, changes that could result from future acquisitions of new
mining properties or businesses, the risks and hazards inherent in the mining business (including environmental hazards, industrial accidents, weather or geologically related
conditions), regulatory and permitting matters, 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 SEC, the Canadian securities regulators, and the Australian Securities Exchange, including,
without limitation, Coeur’s 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. 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, is the qualified person responsible for the preparation of the scientific and technical information concerning Coeur's
mineral projects in this presentation. For a description of the key assumptions, parameters and methods used to estimate mineral reserves and resources, as well as 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 and Australian 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/edgar.shtml
Non‐GAAP Measures
We supplement the reporting of our financial information determined under generally accepted accounting principles (GAAP) with certain non‐GAAP financial measures,
including cash operating costs. 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 also provide the amount of our operating cash flow to supplement our cash flow determined under GAAP. We define operating cash flow as net income plus depreciation,
depletion and amortization and plus/minus any other non‐cash items. We believe operating cash flow is an important measure in assessing the Company's overall financial
performance.

2

Company Snapshot
• Incorporated in 1928 (CDE:NYSE, CDM:TSX, CXC:ASX)
• Rapidly growing silver and gold producer
• 18 million ounces of silver production expected in 2009 –
up 50% from previous year
• Diversified precious metals asset base with Kensington 
Gold mine opening in 2010
• 3 new large, long‐life mines + cost reductions = rapidly 
rising cash flow
• Solidified liquidity position
• Industry‐leading reserve and resource base
3

Diverse Precious Metals Asset Base
Kensington Gold Mine 
Alaska
120k oz gold*
Rochester Mine, Nevada
1‐2m oz silver

Palmarejo Silver Gold 
Mine  Mexico
9m oz silver 
110k oz gold
Larger new mines

Cerro Bayo Mine, Chile
2.5m oz silver*

Endeavor Mine, Australia
.5 m oz silver

San Bartolomé  Silver 
Mine, Bolivia
8‐9 m oz silver
Martha  Mine, Argentina
3m oz silver, 10k oz gold

Volumes represent annual estimated production
*Kensington and Cerro Bayo are not currently in production but are forecast to produce in 2010

4

New Mines Driving Unparalleled Growth




86% increase in silver production over 3Q 2008 to all‐
time quarterly record of 5.2 million ounces
3Q gold production up 222% compared to last year to 
nearly 29,000 ounces
146% increase in revenue to all‐time quarterly record of 
$89.8 million compared to 3Q 2008
Quarterly operating cash flow of $23.0 million versus 
$1.2 million during last year’s 3Q
New mineral reserves at Guadalupe boost Palmarejo  
silver and gold ounces nearly 40% relative to beginning 
of the year
5

86% Production Growth vs 3Q 08
Silver Ounces of Production

Palmarejo
6,000,000 

San 
Bartolome

5,000,000 

Endeavor
4,000,000 

Martha

3,000,000 
2,000,000 

Cerro Bayo

1,000,000 

Rochester


3Q '08

3Q '09
6

Our Three Newest Mines
San Bartolomé, Bolivia

• Third consecutive quarter of 
consistent production and 
operating costs
• YTD silver production of 6.1 
million ounces with average 
cash operating costs of 
$7.54/oz

7

Our Three Newest Mines
Palmarejo, Mexico

• Production continues to increase; 
costs continue to decline
• Favorable upward trend in 
recoveries
• Now approaching full‐scale 
production rates
• Well‐positioned to achieve its 
full‐year 2010 production targets:
– 9 million ounces of silver production 
– 110,000 ounces of gold production 
– Cash operating costs1 of 
approximately $1.50/oz
(1) Non‐GAAP measure: Defined as operating costs less by‐product credits(if any) 
divided by silver production; excludes royalties and taxes

8

Our Three Newest Mines
Kensington, Alaska

• Final construction activities 
began during 3Q
• On‐track for a 2H 2010 startup; 
40,000 ounces of expected 
2010 gold production; 120,000 
ounces of production expected 
in 2011
• $45 million term loan now in 
place to ensure sufficient 
financial flexibility
9

Rebirth of Rochester Mine


Large, high quality mineral resource
New leach pad to be constructed
Incremental annual production expect 
to add six add’l years:


Rochester Mine,  Nevada

Average of 2.9 million silver ounces 
annually
Average of 30,000 gold ounces annually

Total expected production 16.5 million 
silver ounces and 204,000 gold ounces
Residual leaching continues and is 
expected to continue through 2014
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Impressive Top‐Line Growth
$140
$115

$120
$100

$90
$73

$80
$60

$50

$40

$40

$42

3Q08

4Q08

$50

$20
$0
2Q08

1Q09

2Q09

3Q09 4Q09‐Est
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Rapidly Growing Cash Flow
45
$40

40

In millions of US$

35
30
$23

25
20

$17

15
10
5

$1.2

$1.5

$1.6

3Q08

4Q08

1Q09

0
‐5

‐$2.5
2Q08

2Q09

3Q09

4Q09‐Est
12

Capital Spending Trends
$120

$108.6

$104

In millions of US$

$100
$88
$78

$80

$55

$60

$48

$43
$40
$20
$0
2Q08

3Q08

4Q08

1Q09

2Q09

3Q09

4Q09‐Est
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Balance Sheet Update
In millions

As of 12/31/08

As of 9/30/09

% Change

Cash & Equivalents

$29

$46

+59%

1.25% Converts

$180

$65

‐64%

3.25% Converts

$230

$150

‐35%

Floating Rate Notes

$50

$0

‐100%

$431

$170

‐61%

Net Debt

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Continued Strong Price Environment





Up 74% YTD to high of $18.76 in Nov.
18% increase during 3Q
Continued strong investor demand
Growing silver ETF vehicles
Increasing industrial demand with 
global economic recovery

• Up 32% YTD, breaching $1,150 mark
• 6.6% increase during 3Q
• Recent price support through IMF sale of 
200m ounces to Reserve Bank of India
• China asserting itself in global gold market
• Expanding budget deficits, dollar 
weakness, inflation outlook
15

Commitment to Company Strategy

Continue primary silver production profile and a 
significant gold component

Leverage substantial investments now in place to 
generate superior rates of return for shareholders

Focused but significant exploration around/near existing 
operations, such as Palmarejo and Kensington
Pursue mining opportunities in areas with an existing 
presence, like Rochester

Maintain a conservative, flexible balance sheet

16

Significant Upside for Coeur in 2010

First full‐year of operations at Palmarejo will lead to substantial 
cash flow growth

Construction/start‐up at Kensington 




Continued exploration activity
Renewed exploration program already underway

Rochester restart
Substantially reduced capital expenditure program
Ability to fund growth without dilution
Improved cost structure/continued “no silver hedging” policy 
will lead to excellent leverage to strong precious metals  price
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Inquiries 
Please direct inquiries, requests for assistance and copies of the Company’s Annual 
Report to:
Karli Anderson
Director, Investor Relations North America
(208) 771‐2728
kanderson@coeur.com
For current press releases and Company news, visit the Coeur website at 
www.coeur.com.

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Appendix

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New Mineral Reserves at Guadalupe, Palmarejo District

Mineral Reserve 
Classification

Tonnes

Proven 

Average Grade (g/t)

Contained Ounces

Au

Ag

Au

Ag

657,000

1.91

183.3

40,400

3,872,300

Probable

4,314,200

1.98

158.3

274,800

21,961,400

Proven + Probable

4,971,200

1.97

161.6

315,200

25,833,700

Guadalupe effective November 4, 2009 at $800/Au ounce and $14/Ag ounce.
AuEq (equivalent) = Au g/t + (Ag g/t/57).
AuEq Cutoff for reserves = (mining cost per tonne + processing cost per tonne + transportation cost per tonne + G&A cost per tonne)/(((gold 
price per ounce‐refining cost per ounce)/31.103)*% recovery Au* % payable Au).
Mining stopes were diluted with internal dilution (material less than 2.5 g/t AuEq) and external dilution of a minimum of 0.2 meters in the 
hanging wall and foot wall.  
Designed mining stopes had a minimum diluted thickness of 3 meters.

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Mineral Resources at Rochester, Nevada

Mineral Resource 
Classification

Short Tons

Measured 

Average Grade (oz/t)

Contained Ounces

Au

Ag

Au

Ag

83,179,000

0.005

183.3

408,100

43,640,000

Indicated

30,879,000

0.004

158.3

122,900

18,120,000

Measured + 
Indicated

114,058,000

0.005

161.6

531,000

61,810,000

Rochester effective January 1, 2009 at $1,000/Au ounce and $16/Ag ounce.
Total mineral resources
Ag Eq (equivalent) = Silver (Ag opt) + [Gold (Au opt)*Gold Multiplier1]
1 Gold Multiplier=[(gold price/oz‐refining cost/oz) * % gold recovery]/[(Silver price/oz‐refining cost/oz)*% silver recovery]
Crushed ore cutoff Ag Eq = 0.49 opt
Run of Mine ore cutoff Ag Eq = 0.56 opt

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