San Bartolomé (Bolivia) – One of the World’s Largest Pure Silver Mines

Empresa Minera Manquiri (Manquiri), a wholly owned subsidiary of Coeur d’Alene Mines Corporation (Coeur), has constructed the world class San Bartolomé silver mine near Potosi, Bolivia. This project was developed through strong partnerships with local mining Cooperatives and with the Bolivian State Mining Company (COMIBOL).  At San Bartolomé, Manquiri is mining previously unrecoverable silver deposits, employing over 300 people and contributing over $22 million annually to the local economy, while at the same time improving the surrounding environment by use of modern mining techniques and mining only the loose rock of the area.

2Q Highlights

• Second quarter operational performance was similar to the prior quarter and slightly lower compared to the same quarter last year.
• Throughput is expected to be higher during the remainder of 2011 while the average silver grade is anticipated to drop slightly.
• Second quarter metal sales were $55.6 million, operating cash flow was $40.7 million, and capital expenditures totaled $3.3 million.

• Year-end 2010 proven and probable reserves totaled 107.0 million silver ounces, measured and indicated resources were 64.6 million silver ounces, and inferred resources were 1.6 million silver ounces.

• Reserves and Resources

To topPrint