very independent research metals conference new...

Very Independent Research Metals Conference

New York, NY

November 12, 2008

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This presentation contains forward-looking statements within the meaning of securities legislation in the United States, Canada, and Australia, includingstatements regarding anticipated operating results. Such statements are subject to numerous assumptions and uncertainties, many of which are outsidethe control of Coeur. Operating, exploration and financial data, and other statements in this presentation are based on information that Coeur believes isreasonable, but involve significant uncertainties affecting the business of Coeur, including, but not limited to, future gold and silver prices, costs, oregrades, estimation of gold and silver reserves, mining and processing conditions, construction schedules, currency exchange rates, and the completionand/or updating of mining feasibility studies, changes that could result from future acquisitions of new mining properties or businesses, the risks andhazards inherent in the mining business (including environmental hazards, industrial accidents, weather or geologically related conditions), regulatoryand permitting matters, risks inherent in the ownership and operation of, or investment in, mining properties or businesses in foreign countries, as wellas other uncertainties and risk factors set out in filings made from time to time with the SEC, the Canadian securities regulators, and the AustralianSecurities Exchange, including, without limitation, Coeur’s reports on Form 10-K and Form 10-Q. Actual results, developments and timetables couldvary significantly from the estimates presented. Readers are cautioned not to put undue reliance on forward-looking statements. Coeur disclaims anyintent 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 financialor 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 technicalinformation concerning Coeur's mineral projects in this presentation. For a description of the key assumptions, parameters and methods used to estimatemineral 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 asfiled 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 theSEC, 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 guidelinesgenerally prohibit U.S. registered companies from including in their filings with the SEC. U.S. investors are urged to consider closely the disclosure inour Form 10-K which may be secured from us, or from the SEC’s website at http://www.sec.gov/edgar.shtml

Cautionary Statement

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http://www.sedar.com/

http://www.sec.gov/edgar.shtml

Company Snapshot

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• Incorporated in 1928• One of the world’s largest and fastest-growing

silver producers with a significant gold base• Six operating mines; 2 development projects and

significant exploration holdings on 4 continents• Shares traded on NYSE, TSX, and ASX• Cash on hand of approximately US$120 million

• 8.0m ozs. of silver produced• Avg. cash costs of $4.99/oz.

• $147.1m of metal sales• $4.3m net loss includes $23.3m of pre-development

costs and mark-to-market adjustments• Avg. realized prices-$17.17/oz Ag and $952/oz Au

YTD Key Results

Performance on track for 12.5m ozs Ag production in 2008 and 55% in 2009 to 20m Ag ozs

• Successfully accessed capital markets in challenging environment to ensure execution of growth strategy

• Streamlined organization will result in 40%, or $10 million, reduction in annual G&A expenses

• Decision to preserve capital and mineral reserves at Cerro Bayo given metals prices and operating costs while sustainable mine plan is developed

Strong Financial Position

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• Will lead to 40% reductions, or $10 million, in annual G&A expenses

• 2009 budgets reflect dramatic reductions in use of outside services, hiring/salary freeze

• 60% reduction in Santiago office personnel• 25% reduction in La Paz office personnel

• 60% reduction in Kensington costs implemented while awaiting U.S. Supreme Court decision

Streamlined Organization

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• Current cash position of nearly $120 million

• $20-$25m to be received in 4Q from sale/leasebacks

• 4Q capex expected to total $100m • $80m at Palmarejo/$20m at San Bartolome• 4Q is most capital intensive quarter in growth plan

• 4Q OCF expected to be positive at current prices

Execution of Financial Plan

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Execution of Growth Strategy

• Mill reaching design capacity• Over 600,000 oz of

production in October –55% than Sept.

• 3.2m oz of silver production still expected in 2008

• 9m oz of silver production forecast in 2009

San Bartolome (Bolivia)

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San Bartolome (Bolivia)

0

100,000

200,000

300,000

400,000

500,000

600,000

700,000

Jun Jul Aug Sep Oct

Monthly Silver Production

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Palmarejo’s Impact on Coeur

2009E OCF Contribution

San Bartolomé Palmarejo Martha Rochester Broken Hill/Endeavor

2009E Silver Production Contribution

San Bartolomé Palmarejo Martha Rochester Broken Hill/Endeavor

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• World’s newest & largest silver project on schedule for 1Q ‘09 startup

• Construction activities on schedule • Crusher to be completed in Dec.• SAG and ball mill work well-advanced• All other areas progressing as planned

• Open pit pre-stripping on schedule• Underground tunnel development ahead of

schedule for 4th Quarter completion

Palmarejo (Mexico)

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Palmarejo (Mexico)

12Crusher Area Completion by December


Palmarejo (Mexico)

13Grinding Area On Schedule


Palmarejo (Mexico)

14Flotation Area – for Recovery of Concentrates


Palmarejo (Mexico)

15Power Station Completion in 4th Quarter


• Large and growing deposit in world-class district

• 2km long• 200m vertical

• Developing initial mineral reserves

New Guadalupe Deposit Results

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Palmarejo Surface and Underground mine Guadalupe Deposit

Los Bancos

Exploration Targets


Guadalupe Deposit Long Section (SE to NW)+2000m long and +200m vertical

North

Assays through September 30, 2008

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• New mill performing up to expectations

• Production 32% • 30% in costs to

$6.73/oz• Levels expected to be

sustained in 4Q• 2008 production of 3.0

million ounces

Martha Mine (Argentina)

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• Mine life extended three years to 2014

• Additional 5.4m oz of added production

• 3.0m ozs of silver production in 2008

• 2008 and future cash costs below $1.00/oz

Rochester Mine (Nevada)

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Kensington Gold Project

•All surface facilities completed except for tailings facility

•140,000 oz. annual production levels

•1.4m oz. reserves•Supreme Court decision on tailings permit in 2Q

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Focus at Cerro Bayo in 2009Exploration Continues on Prospective Systems

Coigues Este area contains numerous structures to support objective of resuming ops with upgraded mine-plan• Delia – discovered in 2Q• Dagny – mineral

resources and reserves being estimated

• Fabiola – drilling to be completed 4Q; mineral resources and reserves expected at year-end

• Several other structures21

Recent Delia core intercept…3.34 drill meters (2.97 true) of 2.19 gold g/t and 419 silver g/t in hole FCH-353

Open

Focus at Cerro Bayo in 2009Exploration Continues on Prospective Systems

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• 55% off Ag high of $20.92/oz and 27% off Au high of $1,011/oz – both set on March 17th

• Prices impacted by deleveraging, lack of access to credit, and liquidation of funds

• US Dollar at two-year high• Positive long term fundamental strength• Growing deficits, inflationary pressures longer-term

Silver & Gold Markets

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• San Bartolomé plant now achieving capacity levels• Palmarejo remains on-schedule for 1Q startup• Reserve/resource growth at Palmarejo & Cerro Bayo• Martha and Rochester to continue adding low-cost

ounces of silver production• Cost discipline – both non-operating & operating• Balance sheet strength to fund growth strategy• 2009E production of 20m Ag ozs - 55%

Growth Plan on Track

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Appendix

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Delia Vein – Q3 2008 Core Intercepts

From To Length True Au AgFCH-313 359.1 362.0 2.92 2.05 2.19 110FCH-324 151.4 154.2 2.77 2.60 1.22 188FCH-327 115.8 116.8 1.02 0.97 0.91 140FCH-330 74.2 76.8 2.63 2.48 0.97 185FCH-332 142.8 146.4 3.63 3.52 4.90 580FCH-336 92.0 96.8 4.74 4.08 1.39 172FCH-338 137.7 141.7 3.97 3.39 5.94 339FCH-340 66.0 67.5 1.52 1.47 0.19 19FCH-341 83.1 86.8 3.64 2.69 1.46 300FCH-343 101.1 103.0 1.96 1.88 0.84 140FCH-346 136.6 139.2 2.53 2.26 4.78 399FCH-348 174.8 177.4 2.89 2.28 1.38 97FCH-351 99.4 104.6 5.2 4.49 6.61 1,280

FCH-353 154.2 157.5 3.34 2.97 12.19 419FCH-355 176.2 180.3 4.13 3.36 1.38 76FCH-357 83.0 87.1 4.06 3.68 4.34 504FCH-359 58.7 63.5 4.74 4.14 1.46 241

Hole I.D.Mineralized Interval (meters) Assays (g/t)

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