10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

___________________________________________ 

FORM 10-Q

___________________________________________

þ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended March 31, 2013

OR

¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from to

Commission file number 001-08641

____________________________________________ 

COEUR D’ALENE MINES CORPORATION

(Exact name of registrant as specified in its charter)

____________________________________________

Idaho	82-0109423
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
PO Box I, 505 Front Ave. Coeur d’Alene, Idaho	83816
(Address of principal executive offices)	(Zip Code)

(208) 667-3511

(Registrant’s telephone number, including area code)

_________________________________________

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days:    Yes  þ    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files.)    Yes  þ    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	þ	Accelerated filer	¨
Non-accelerated filer	¨	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  þ

The Company has 150,000,000 shares of common stock, par value of $0.01, authorized of which 101,476,722 shares were issued and outstanding as of May 8, 2013.

1

COEUR D’ALENE MINES CORPORATION

INDEX

		Page No.
Part I.	Financial Information
Item 1.	Financial Statements (Unaudited)
	Condensed Consolidated Balance Sheets – March 31, 2013 and December 31, 2012	3
	Condensed Consolidated Statements of Operations – Three Months Ended March 31, 2013 and 2012	4
	Condensed Consolidated Statements of Comprehensive Income - Three Months Ended March 31, 2013 and 2012	5
	Condensed Consolidated Statement of Changes in Shareholders’ Equity - Three Months Ended March 31, 2013	5
	Condensed Consolidated Statements of Cash Flows - Three Months Ended March 31, 2013 and 2012	6
	Notes to Unaudited Condensed Consolidated Financial Statements	7
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	28
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	42
Item 4.	Controls and Procedures	43
Part II.	Other Information	44
Item 1.	Legal Proceedings	44
Item 1A.	Risk Factors	44
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	44
Item 4.	Mine Safety Disclosures	45
Item 6.	Exhibits	46

2

COEUR D’ALENE MINES CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

		March 31, 2013			December 31, 2012
ASSETS	Notes	(In thousands, except share data)
CURRENT ASSETS
Cash and cash equivalents		$	331,311		$	125,440
Short term investments	5	1,498			999
Receivables	6	68,182			62,438
Ore on leach pad		26,748			22,991
Metal and other inventory	7	184,690			170,670
Deferred tax assets		2,627			2,458
Restricted assets		—			396
Prepaid expenses and other		22,324			20,790
		637,380			406,182
NON-CURRENT ASSETS
Property, plant and equipment, net	8	667,696			683,860
Mining properties, net	9	1,969,952			1,991,951
Ore on leach pad, non-current portion		24,073			21,356
Restricted assets		24,882			24,970
Marketable securities	5	23,498			27,065
Receivables, non-current portion	6	39,061			48,767
Debt issuance costs, net		12,429			3,713
Deferred tax assets		946			955
Other		23,765			12,582
TOTAL ASSETS		$	3,423,682		$	3,221,401
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable		$	52,636		$	57,482
Accrued liabilities and other		9,964			10,002
Accrued income taxes		6,186			27,108
Accrued payroll and related benefits		13,816			21,306
Accrued interest payable		4,283			478
Current portion of debt and capital leases	10	6,130			55,983
Current portion of royalty obligation	10,15	61,541			65,104
Current portion of reclamation and mine closure	11	758			668
Deferred tax liabilities		53			121
		155,367			238,252
NON-CURRENT LIABILITIES
Long-term debt and capital leases	10	307,791			3,460
Non-current portion of royalty obligation	10,15	119,681			141,879
Reclamation and mine closure	11	35,252			34,670
Deferred tax liabilities		585,073			577,488
Other long-term liabilities		24,684			27,372
		1,072,481			784,869
COMMITMENTS AND CONTINGENCIES (Notes 10, 11, 12, 15, 16 and 19)
SHAREHOLDERS’ EQUITY
Common stock, par value $0.01 per share; authorized 150,000,000 shares, issued and outstanding 89,743,142 at March 31, 2013 and 90,342,338 at December 31, 2012		897			903
Additional paid-in capital		2,590,075			2,601,254
Accumulated deficit		(383,886		)	(396,156		)
Accumulated other comprehensive loss		(11,252		)	(7,721		)
		2,195,834			2,198,280
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		$	3,423,682		$	3,221,401

The accompanying notes are an integral part of these condensed consolidated financial statements.

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COEUR D’ALENE MINES CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

		Three months ended March 31,
		2013			2012
	Notes	(In thousands, except share data)
Sales of metal		$	171,797		$	204,564
Production costs applicable to sales		(88,784		)	(92,554		)
Depreciation, depletion and amortization		(50,436		)	(52,592		)
Gross profit		32,577			59,418
COSTS AND EXPENSES
Administrative and general		10,227			7,596
Exploration		6,841			6,567
Loss on impairment and other		119			—
Pre-development, care, maintenance and other		4,485			1,068
Total cost and expenses		21,672			15,231
OPERATING INCOME		10,905			44,187
OTHER INCOME AND EXPENSE
Fair value adjustments, net	4,15	17,796			(23,113		)
Interest income and other, net		3,821			5,007
Interest expense, net of capitalized interest	10	(9,732		)	(6,670		)
Total other income and expense, net		11,885			(24,776		)
Income before income taxes		22,790			19,411
Income tax provision	12	(10,520		)	(15,436		)
NET INCOME		$	12,270		$	3,975
BASIC AND DILUTED INCOME PER SHARE
Basic income per share:
Net income	3	$	0.14		$	0.04
Diluted income per share:
Net income	3	$	0.14		$	0.04
Weighted average number of shares of common stock
Basic	3	89,948			89,591
Diluted	3	90,036			89,821

The accompanying notes are an integral part of these condensed consolidated financial statements.

4

COEUR D’ALENE MINES CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(Unaudited)

	Three months ended March 31,
	2013			2012
	(In thousands)
Net income (loss)	$	12,270		$	3,975
OTHER COMPREHENSIVE INCOME (LOSS) net of tax:
Unrealized gain (loss) on available for sale securities	(3,531		)	424
Other comprehensive income (loss)	(3,531		)	424
COMPREHENSIVE INCOME	$	8,739		$	4,399

The accompanying notes are an integral part of these condensed consolidated financial statements.

COEUR D’ALENE MINES CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY

Three months ended March 31, 2013

(Unaudited)

(In thousands)	Common Stock Shares		Common Stock Par Value			Additional Paid- In Capital			Accumulated Deficit			Accumulated Other Comprehensive Loss			Total
Balances at December 31, 2012	90,342		$	903		$	2,601,254		$	(396,156	)	$	(7,721	)	$	2,198,280
Net income	—		—			—			12,270			—			12,270
Other comprehensive loss	—		—			—			—			(3,531		)	(3,531		)
Common stock share buy back	(655	)	(7		)	(12,550		)	—			—			(12,557		)
Common stock issued/cancelled under long-term incentive plans and director fees and options, net	56		1			1,371			—						1,372
Balances at March 31, 2013	89,743		$	897		$	2,590,075		$	(383,886	)	$	(11,252	)	$	2,195,834

The accompanying notes are an integral part of these condensed consolidated financial statements.

5

COEUR D’ALENE MINES CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	Three months ended March 31,
	2013			2012
	(In thousands)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	12,270		$	3,975
Add (deduct) non-cash items
Depreciation, depletion and amortization	50,436			52,592
Accretion of discount on debt and other assets, net	522			541
Accretion of royalty obligation	3,670			4,580
Deferred income taxes	7,425			7,677
Fair value adjustments, net	(16,042		)	21,778
Gain (loss) on foreign currency transactions	(465		)	299
Share-based compensation	1,096			2,137
Gain on sale of assets	(868		)	—
Loss on impairment	119			—
Other non-cash charges	561			256
Changes in operating assets and liabilities:
Receivables and other current assets	3,968			(2,956		)
Prepaid expenses and other	(2,240		)	4,774
Inventories	(20,493		)	(24,722		)
Accounts payable and accrued liabilities	(27,025		)	(53,929		)
CASH PROVIDED BY OPERATING ACTIVITIES	12,934			17,002
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of short term investments and marketable securities	(4,649		)	(1,035		)
Proceeds from sales and maturities of short term investments	4,822			20,018
Capital expenditures	(12,827		)	(31,647		)
Investment in Other Assets	(11,565		)	—
Other	955			185
CASH USED IN INVESTING ACTIVITIES	(23,264		)	(12,479		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of notes and bank borrowings	300,000			—
Payments on long-term debt, capital leases, and associated costs	(55,340		)	(5,166		)
Payments on gold production royalty	(15,448		)	(21,374		)
Share repurchases	(12,557		)	—
Other	(454		)	(1,112		)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	216,201			(27,652		)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	205,871			(23,129		)
Cash and cash equivalents at beginning of period	125,440			175,012
Cash and cash equivalents at end of period	$	331,311		$	151,883

The accompanying notes are an integral part of these condensed consolidated financial statements.

6

Coeur d'Alene Mines Corporation and Subsidiaries

Notes to Condensed Consolidated Financial Statements (Unaudited)

NOTE 1 – BASIS OF PRESENTATION

Basis of Presentation: The Company’s unaudited interim condensed consolidated financial statements have been prepared under United States Generally Accepted Accounting Principles (“U.S. GAAP”) and applicable rules of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting and include the accounts of Coeur d’Alene Mines Corporation and its consolidated subsidiaries (“Coeur” or the “Company”). All significant intercompany transactions and balances have been eliminated during consolidation. Certain information and note disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. Accordingly, these unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in the Company’s Form 10-K for the year ended December 31, 2012. The condensed consolidated balance sheet as of December 31, 2012, included herein, was derived from the audited consolidated financial statements as of that date.

The unaudited interim condensed consolidated financial statements have been prepared on the same basis as the audited consolidated financial statements and include all adjustments, consisting only of normal recurring adjustments, necessary for the fair presentation of the Company’s financial position as of March 31, 2013 and December 31, 2012 and the Company’s results of operations and cash flows for the three months ended March 31, 2013 and 2012. The results for the three months ended March 31, 2013 are not necessarily indicative of the results to be expected for the year ending December 31, 2013. All references to March 31, 2013 or to the three months ended March 31, 2013 and 2012 in the notes to the condensed consolidated financial statements are unaudited.

Use of Estimates: The preparation of the Company’s consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in its consolidated financial statements and accompanying notes. The areas requiring the use of management’s estimates and assumptions relate to recoverable ounces from proven and probable reserves that are the basis of future cash flow estimates and units-of-production depreciation and amortization calculations; useful lives utilized for depreciation, depletion and amortization; estimates of future cash flows for long lived assets; estimates of recoverable gold and silver ounces in ore on leach pads; the amount and timing of reclamation and remediation costs; valuation allowance for deferred tax assets; and other employee benefit liabilities.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Recently Adopted Accounting Pronouncements:

In December, 2011, the FASB issued ASU 2011-11, "Balance Sheet (Topic 201): Disclosures about Offsetting Assets and Liabilities." This ASU adds certain additional disclosure requirements about financial instruments and derivative instruments that are subject to netting arrangements. ASU 2011-11 is effective for fiscal years, and interim periods within those years, beginning January 1, 2013, with retrospective application required. The adoption of ASU 2011-11 had no effect on the Company's financial position, results of operations or cash flows.  

Effective January 1, 2013, the Company adopted ASU 2013-02, "Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income." This ASU adds the following disclosure requirements:

• For items reclassified out of accumulated other comprehensive income (AOCI) and into net income in their entirety, the effect of the reclassification on each affected net income line item; and

• For AOCI reclassification items that are not reclassified in their entirety into net income, a cross reference to other required U.S. GAAP disclosures.

The adoption of ASU 2013-02 had no effect on the Company's consolidated financial position, results of operations or cash flows.

NOTE 3 – EARNINGS PER SHARE

Basic earnings per share is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during each period. Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. For the three months ended March 31, 2013, 780,421 shares of common stock equivalents related to equity-based awards have not been included in the diluted per share calculation as the shares would be antidilutive. For the three months ended March 31, 2012, 1,167 shares of common stock equivalents related to equity-based awards have not been included in the diluted per share calculation as the shares would be antidilutive. The 3.25% Convertible Senior Notes were not included in the computation of diluted earnings per share for the three months endedMarch 31, 2013 and 2012 because there is no excess value upon conversion over the principal amount of the Notes.

7

Coeur d'Alene Mines Corporation and Subsidiaries

Notes to Condensed Consolidated Financial Statements (Unaudited) - (Continued)

The effect of potentially dilutive stock outstanding as of March 31, 2013 and 2012 are as follows (in thousands, except per share data):

	Three months ended March 31, 2013
	Income (Numerator)		Shares (Denominator)	Per-Share Amount
Basic EPS
Net income available to common shareholders	$	12,270	89,948	$	0.14
Effect of Dilutive Securities
Equity awards	—		88
Diluted EPS
Net income available to common shareholders	$	12,270	90,036	$	0.14
	Three months ended March 31, 2012
	Income (Numerator)		Shares (Denominator)	Per-Share Amount
Basic EPS
Net income available to common shareholders	$	3,975	89,591	$	0.04
Effect of Dilutive Securities
Equity awards	—		230
Diluted EPS
Net income available to common shareholders	$	3,975	89,821	$	0.04

NOTE 4 – FAIR VALUE MEASUREMENTS

Accounting standards establish a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below:

Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2 Quoted market prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and

Level 3 Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).

The following table sets forth the Company’s financial assets and liabilities measured at fair value on a recurring basis (at least annually) by level within the fair value hierarchy. As required by accounting guidance, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement (in thousands):

	Fair Value at March 31, 2013
	Total		Level 1		Level 2		Level 3
Assets:
Short term investments	$	1,498	$	1,498	$	—	$	—
Marketable equity securities	23,498		23,498		—		—
	$	24,996	$	24,996	$	—	$	—
Liabilities:
Royalty obligation embedded derivative	$	121,564	$	—	$	121,564	$	—
Put and call options	4,532		—		4,532		—
Other derivative instruments, net	1,225		—		1,225		—
	$	127,321	$	—	$	127,321	$	—

8

Coeur d'Alene Mines Corporation and Subsidiaries

Notes to Condensed Consolidated Financial Statements (Unaudited) - (Continued)

	Fair Value at December 31, 2012
	Total		Level 1		Level 2		Level 3
Assets:
Short term investments	$	999	$	999	$	—	$	—
Marketable securities	27,065		27,065		—		—
Other derivative instruments, net	943		—		943		—
	$	29,007	$	28,064	$	943	$	—
Liabilities:
Royalty obligation embedded derivative	$	145,098	$	—	$	145,098	$	—
Put and call options	9,299		—		9,299		—
	$	154,397	$	—	$	154,397	$	—

The Company’s short-term investments are readily convertible to cash and, therefore, these investments are classified within Level 1 of the fair value hierarchy.

The Company’s marketable equity securities are recorded at fair market value in the financial statements based on quoted market prices, which are accessible at the measurement date for identical assets. Such instruments are classified within Level 1 of the fair value hierarchy. Please see Note 5 - INVESTMENTS for additional details on marketable equity securities.

The Company’s derivative instruments related to the gold put and call options, royalty obligation embedded derivative, and other derivative instruments, net, which relate to the concentrate sales contracts and foreign exchange contracts, are valued using pricing models which require inputs that are derived from observable market data, including contractual terms, forward market prices, yield curves and credit spreads. The model inputs can generally be verified and do not involve significant management judgment. Such instruments are classified within Level 2 of the fair value hierarchy.

The Company had no Level 3 financial assets and liabilities as of March 31, 2013 or December 31, 2012.

There were no transfers between levels of fair value measurements of financial assets and liabilities during the first three months of 2013.

Financial assets and liabilities that are not measured at fair value at March 31, 2013 and December 31, 2012 are set forth below (in thousands):

	Fair Value at March 31, 2013
	Total		Level 1		Level 2		Level 3
Liabilities:
3.25% Convertible Senior Notes	$	5,394	$	5,394	$	—	$	—
7.875% Senior Notes due 2021	$	300,000	$	—	$	300,000	$	—
Palmarejo Gold Production Royalty Obligation	$	85,290	$	—	$	85,290	$	—

	Fair Value at December 31, 2012
	Total		Level 1		Level 2		Level 3
Liabilities:
3.25% Convertible Senior Notes	$	48,220	$	48,220	$	—	$	—
Palmarejo Gold Production Royalty Obligation	$	90,617	$	—	$	90,617	$	—

The fair value at March 31, 2013 and December 31, 2012 of the 3.25% Convertible Senior Notes outstanding were determined by active market transactions. As such, the notes are classified as Level 1 in the fair value hierarchy.

The fair value of the Palmarejo Gold Production Royalty Obligation is valued using a pricing model which requires inputs that are derived from observable market data, including contractual terms, yield curves, and credit spreads. The model inputs can generally be verified and do not involve significant management judgment. As such, the obligation is classified within Level 2 of the fair value hierarchy.

9

Coeur d'Alene Mines Corporation and Subsidiaries

Notes to Condensed Consolidated Financial Statements (Unaudited) - (Continued)

The fair value of the Company's cash equivalents, receivables, restricted assets, accounts payable, accrued liabilities, and capital leases approximate book value due to the nature of these assets and liabilities and are classified as Level 1 in the fair value hierarchy, except for capital leases which are classified as Level 2.

The fair value of the Company's 7.875% Senior Notes due 2021 has been determined to be at par as there has been minimal variance in fair value due to their recent issuance.

The fair value of the Company's non-current portion of the refundable value added tax is not practicable to estimate due to the uncertainty of the timing of the expected future cash flows to be received.

NOTE 5 – INVESTMENTS

The Company classifies the marketable securities in which it invests as available-for-sale securities. Such securities are measured at fair market value in the financial statements with unrealized gains or losses recorded in other comprehensive income (loss). Please see Note 4 - FAIR VALUE MEASUREMENT for additional information on fair value classification of marketable securities. At the time securities are sold or otherwise disposed of, gains or losses are included in net income. Gross realized gains and losses are based on cost, net of discount or premium, of investments sold and there were no losses realized during the first three months of 2013 or 2012.

The equity securities reflected in the table below consist of equity securities of silver and gold exploration and development companies that the Company purchased. The following table summarizes the Company’s available-for-sale securities on hand as of March 31, 2013 and December 31, 2012 (in thousands):

	Investments in marketable securities
	Cost		Gross Unrealized Losses			Gross Unrealized Gains		Estimated Fair Value
Marketable securities at March 31, 2013	$	34,751	$	(13,072	)	$	1,819	$	23,498
Marketable securities at December 31, 2012	$	34,786	$	(10,443	)	$	2,722	$	27,065

The following table summarizes the gross unrealized losses on investment securities for which other-than-temporary impairments have not been recognized and the fair values of those securities, aggregated by the length of time the individual securities have been in a continuous unrealized loss position, at March 31, 2013 (in thousands):

	Less than twelve months					Twelve months or more					Total
	Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value
Marketable equity securities	$	(1,270	)	$	3,861	$	(11,802	)	$	10,874	$	(13,072	)	$	14,735

In the three months ended March 31, 2013 and 2012, the Company recognized an unrealized loss of $3.5 million and an unrealized gain of $0.4 million, respectively, in other comprehensive income (loss). The Company performs a quarterly assessment on each of its marketable securities with unrealized losses to determine if the security is other than temporarily impaired. The Company's management team uses industry knowledge and expertise to evaluate each investment and has determined that unrealized losses on seven investments it currently holds are not other than temporary based on a review of the potential for each issuer of securities held by the Company. The Company has the intent and ability to hold these investments until they recover or increase in value.

In addition, the Company had $1.5 million and $1.0 million of short-term investments at March 31, 2013 and December 31, 2012, respectively. These investments are held with various banks and all have maturity dates of less than one year.

10

Coeur d'Alene Mines Corporation and Subsidiaries

Notes to Condensed Consolidated Financial Statements (Unaudited) - (Continued)

NOTE 6 – RECEIVABLES

Receivables consist of the following (in thousands):

	March 31, 2013		December 31, 2012
Receivables - current portion
Accounts receivable - trade	$	9,487	$	8,701
Refundable income tax	4,131		9,331
Refundable value added tax	49,149		40,020
Accounts receivable - other	5,415		4,386
	$	68,182	$	62,438
Receivables - non-current portion
Refundable value added tax	$	39,061	$	48,767

Trade receivables and other receivable balances are reported at outstanding principal amounts, net of an allowance for doubtful accounts. Management evaluates the collectability of receivable account balances to determine the allowance, if any. There were no allowances against receivable balances at March 31, 2013 or December 31, 2012.

Taxes paid to foreign governments that are refundable to the Company are classified as “Refundable value added tax” at the face value of the amount of the tax refund due. Refunds expected to be received in the next twelve months are classified as “current” and amounts that are expected to be received after twelve months are classified as “non-current”.

NOTE 7 – METAL AND OTHER INVENTORY

Metal and other inventory consist of the following (in thousands):

	March 31, 2013		December 31, 2012
Concentrate and doré inventory	$	107,960	$	91,130
Supplies	76,730		79,540
Metal and other inventory	$	184,690	$	170,670

NOTE 8 – PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following (in thousands):

	March 31, 2013			December 31, 2012
Land	$	2,010		$	2,010
Buildings and improvements	582,681			581,286
Machinery and equipment	370,381			360,199
Capitalized leases for machinery, equipment, buildings, and land	28,270			35,129
	983,342			978,624
Accumulated depreciation and amortization	(333,470		)	(313,067		)
	649,872			665,557
Construction in progress	17,824			18,303
	$	667,696		$	683,860

11

Coeur d'Alene Mines Corporation and Subsidiaries

Notes to Condensed Consolidated Financial Statements (Unaudited) - (Continued)

NOTE 9 – MINING PROPERTIES

Mining properties consist of the following (in thousands):

March 31, 2013	Palmarejo			San Bartolomé			Kensington			Rochester			Martha			Endeavor			Joaquin		Other		Total
Mining properties	$	158,718		$	70,351		$	335,424		$	115,963		$	11,416		$	—		$	—	$	—	$	691,872
Accumulated depletion	(87,359		)	(19,349		)	(53,519		)	(100,844		)	(11,416		)	—			—		—		(272,487		)
	71,359			51,002			281,905			15,119			—			—			—		—		419,385
Mineral interests	1,658,389			26,642			—			—			—			44,033			93,430		—		1,822,494
Accumulated depletion	(248,942		)	(7,678		)	—			—			—			(15,449		)	—		—		(272,069		)
	1,409,447			18,964			—			—			—			28,584			93,430		—		1,550,425
Non-producing and development properties	—			—			—			—			—			—			—		142		142
Total mining properties	$	1,480,806		$	69,966		$	281,905		$	15,119		$	—		$	28,584		$	93,430	$	142	$	1,969,952

December 31, 2012	Palmarejo			San Bartolomé			Kensington			Rochester			Martha			Endeavor			Joaquin		Other		Total
Mining properties	$	155,722		$	70,322		$	333,619		$	114,973		$	11,416		$	—		$	—	$	—	$	686,052
Accumulated depletion	(82,037		)	(18,439		)	(46,649		)	(100,437		)	(11,416		)	—			—		—		(258,978		)
	73,685			51,883			286,970			14,536			—			—			—		—		427,074
Mineral interests	1,658,389			26,642			—			—			—			44,033			93,429		—		1,822,493
Accumulated depletion	(235,795		)	(7,338		)	—			—			—			(14,625		)	—		—		(257,758		)
	1,422,594			19,304			—			—			—			29,408			93,429		—		1,564,735
Non-producing and development properties	—			—			—			—			—			—			—		142		142
Total mining properties	$	1,496,279		$	71,187		$	286,970		$	14,536		$	—		$	29,408		$	93,429	$	142	$	1,991,951

Operational Mining Properties

Palmarejo Mine: Palmarejo is located in the State of Chihuahua in northern Mexico, and its principal silver and gold properties are collectively referred to as the “Palmarejo mine.” The Palmarejo mine commenced production in April 2009.

San Bartolomé Mine: The San Bartolomé mine is a silver mine located near the city of Potosi, Bolivia. The mineral rights for the San Bartolomé project are held through long-term joint venture/lease agreements with several local independent mining co-operatives and the Bolivian state owned mining organization, (“COMIBOL”). The Company commenced commercial production at San Bartolomé in June 2008.

Kensington Mine: The Kensington mine is an underground gold mine and consists of the Kensington and adjacent Jualin properties located on the east side of the Lynn Canal about 45 miles north-northwest of Juneau, Alaska. The Company commenced commercial production in July of 2010.

Rochester Mine: The Company has conducted operations at the Rochester mine, located in Western Nevada, since September 1986. The mine utilizes the heap-leaching process to extract both silver and gold from ore mined using open pit methods. Rochester’s primary product is silver with gold produced as a by-product.

Martha Mine: The Martha mine is an underground silver mine located in Argentina. Coeur acquired a 100% interest in the Martha mine in April 2002. The Martha mine ceased active mining operations in September 2012.

Mineral Interests

Endeavor Mine: In May 2005, CDE Australia Pty Ltd, (“CDE Australia”), a wholly-owned subsidiary of Coeur acquired the silver production and reserves, up to a maximum 17.7 million  payable ounces, contained at the Endeavor mine in Australia, which is owned and operated by Cobar Operations Pty. Limited (“Cobar”), a wholly-owned subsidiary of CBH Resources Ltd. (“CBH”). In March 2006, CDE Australia entered into an amended agreement under which it owns all silver production and reserves up to a total of 20.0 million payable ounces.

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Notes to Condensed Consolidated Financial Statements (Unaudited) - (Continued)

CDE Australia began realizing reductions in revenues in the fourth quarter of 2008 as a result of a silver price sharing provision that was part of the purchase agreement. CDE Australia has received approximately 4.3 million payable ounces to-date and the current ore reserve contains approximately 4.3 million payable ounces based on current metallurgical recovery and current smelter contract terms.

Joaquin Project: The Joaquin project is located in the Santa Cruz province of southern Argentina. The Company commenced exploration of this large property located north of the Company's Martha silver mine in November 2007. Since that time, the Company has defined silver and gold mineralization in two deposits at Joaquin, La Negra and La Morocha, collectively referred to as the "Joaquin Project," and has recently commenced work on detailed drilling and other technical, economic and environmental programs. Please see Note 8 - ACQUISITION OF JOAQUIN MINERAL INTERESTS in the Company’s Form 10-K for the year ended December 31, 2012.

NOTE 10 – DEBT AND CAPITAL LEASE OBLIGATIONS

The current and non-current portions of long-term debt and capital lease obligations as of March 31, 2013 and December 31, 2012 are as follows (in thousands):

	March 31, 2013				December 31, 2012
	Current		Non-Current		Current		Non-Current
3.25% Convertible Senior Notes due March 2028	$	—	$	5,334	$	48,081	$	—
7.875% Senior Notes due 2021	—		300,000		—		—
Capital lease obligations	6,130		2,457		7,902		3,460
	$	6,130	$	307,791	$	55,983	$	3,460

3.25% Convertible Senior Notes

Per the indenture governing the 3.25% Convertible Senior Notes due 2028 (the “Convertible Notes”), the Company announced on February 13, 2013 that it was offering to repurchase all of its outstanding 3.25% Convertible Senior Notes due 2028. As of February 12, 2013, there was $48.7 million aggregate principal amount of Convertible Notes outstanding. The Company repurchased $43.3 million in aggregate principal amount, leaving a balance of $5.3 million at March 31, 2013. The carrying value of the equity component was $10.9 million at March 31, 2013 and December 31, 2012.

For the three months ended March 31, 2013 and 2012 interest expense recognized was $0.3 million and $0.4 million, respectively. For the three months ended March 31, 2013 and 2012 accretion of the debt discount was $0.6 million. The effective interest rate on the Convertible Notes was 8.9%.

7.875% Senior Notes

On January 29, 2013, the Company completed an offering of $300 million in aggregate principal amount of 7.875% Senior Notes due 2021 (the “Notes”) in a private placement conducted pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). As of March 31, 2013, the outstanding balance of the 7.875%  Senior Notes due 2021 was $300.0 million.

The Notes are governed by an Indenture, dated as of January 29, 2013 (the “Indenture”), among the Company, as issuer, certain of the Company's subsidiaries named therein, as guarantors thereto (the “Guarantors”), and the Bank of New York Mellon, as trustee (the “Trustee”).

The Notes bear interest at a rate of 7.875% per year from the date of original issuance or from the most recent payment date to which interest has been paid or provided for. Interest on the Notes is payable semi-annually in arrears on February 1 and August 1 of each year, commencing on August 1, 2013. The Company will make each interest payment to the holders of record of the Notes on the immediately preceding January 15 and July 15. In certain circumstances the Company may be required to pay additional interest. For the three months ended March 31, 2013 interest expense recognized was $4.1 million.

At any time prior to February 1, 2017, the Company may redeem all or part of the Notes upon not less than 30 nor more than 60 days prior notice at a redemption price equal to the sum of (i) 100% of the principal amount thereof, plus (ii) a make-whole premium as of the date of redemption, plus (iii) accrued and unpaid interest and additional interest, if any, thereon, to the date of redemption. In addition, the Company may redeem some or all of the Notes on or after February 1, 2017, at redemption prices set forth in the Indenture, together with accrued and unpaid interest. At any time prior to February 1, 2016, the Company may use the proceeds of certain equity offerings to redeem up to 35% of the aggregate principal amount of the Notes, including any permitted additional Notes, at a redemption price equal to 107.875% of the principal amount.

The Indenture also contains certain “Events of Default” (as defined in the Indenture) customary for indentures of this type.

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Notes to Condensed Consolidated Financial Statements (Unaudited) - (Continued)

If an Event of Default has occurred and is continuing, the Trustee or the holders of not less than 25% in aggregate principal amount of the Notes then outstanding may, and the Trustee at the request of the holders of not less than 25% in aggregate principal amount of the Notes then outstanding shall, declare all unpaid principal of, premium, if any, and accrued interest on all the Notes to be due and payable.

The terms of the notes include affirmative and negative covenants that the Company believes are usual and customary, including covenants that, among other things, restrict the ability of the Company and its subsidiaries to incur additional debt, incur or permit liens on assets, make investments and acquisitions, consolidate or merge with any other company, engage in asset sales, pay dividends and distributions or repurchase or redeem capital stock, restrict the ability of subsidiaries to pay dividends to the Company, prepay, redeem or repurchase certain debt, or enter into transactions with affiliates. 

Revolving Credit Facility

On August 1, 2012, Coeur Alaska, Inc. and Coeur Rochester, Inc. (the “Borrowers”), each a wholly-owned subsidiary of the Company, entered into a new Credit Agreement (the “Credit Agreement”) by and among the Company, the Borrowers, the lenders party thereto and Wells Fargo Bank, N.A., as administrative agent. The Credit Agreement provides for a senior secured revolving credit facility (the “Revolving Credit Facility”) in an aggregate principal amount of up to $100.0 million, which principal amount may be increased, subject to receiving additional commitments therefor, by up to $50.0 million. There is a commitment fee of 0.10% on the unused portion of the line. The unused line fee for the three months ended March 31, 2013 was $0.1 million and was charged to interest expense.

The term of the Revolving Credit Facility is four years. Amounts may be borrowed under the Revolving Credit Facility to finance working capital and general corporate purposes of the Company and its subsidiaries, including the payment of fees and expenses incurred in connection with the Revolving Credit Facility. The obligations under the Revolving Credit Facility are secured by substantially all of the assets of the Company and its domestic subsidiaries, including the land, mineral rights and infrastructure at the Kensington and Rochester mines, as well as a pledge of the shares of certain of the Company's subsidiaries. In addition, in connection with the Revolving Credit Facility, Coeur Alaska, Inc. retained its existing hedge positions established under the Kensington Term Facility described below, with Wells Fargo Bank, N.A. as hedge provider.

Borrowings under the Revolving Credit Facility bear interest at a rate selected by the Borrowers equal to either LIBOR plus a margin of 2.25%-3.25% or an alternate base rate plus a margin of 1.25%-2.25%, with the margin determined by reference to the Company's ratio of consolidated debt to adjusted EBITDA.

Voluntary prepayments of the loans and voluntary reductions of the unutilized portion of the commitments under the Revolving Credit Facility are permitted without prepayment premium or penalty, subject to payment of customary LIBOR breakage costs. Amounts so repaid may be re-borrowed subject to customary requirements.

The Revolving Credit Facility contains representations and warranties, events of default and affirmative and negative covenants that the Company believes are usual and customary, including covenants that, among other things, restrict the ability of the Company and its subsidiaries to incur additional debt, incur or permit liens on assets, make investments and acquisitions, consolidate or merge with any other company, engage in asset sales and make dividends and distributions. The Revolving Credit Facility also contains financial covenants that require (i) ratio of consolidated debt to adjusted EBITDA to be not greater than 3.25 to 1.00 (subject to a step-down to 3.00 to 1.00 after two years), (ii) ratio of adjusted EBITDA to interest expense to be not less than 3.00 to 1.00 and (iii) tangible net worth to be not less than 90% of tangible net worth as of March 31, 2012 plus 25% of net income for each fiscal quarter ending after March 31, 2012 to the date of measurement.

As of March 31, 2013, no amounts were outstanding under the Revolving Credit Facility.

Kensington Term Facility

On August 16, 2012, Coeur Alaska prepaid all obligations and indebtedness outstanding under the Coeur Alaska, Inc. Term Facility Agreement, as amended and restated on December 20, 2010, with Credit Suisse AG (the "Kensington Term Facility"), which totaled approximately $68.6 million. Upon payment in full, the Kensington Term Facility was terminated and all of the liens granted under the Kensington Term Facility were released.

As a condition to the Kensington Term Facility with Credit Suisse, the Company agreed to enter into a gold hedging program which protects a minimum of 243,750 ounces of gold production over the life of the term facility against the risk associated with fluctuations in the market price of gold. This program consists of a series of zero cost collars which consist of a floor price and a ceiling price of gold. Coeur Alaska has transferred these hedge positions to Wells Fargo Bank, N.A., as hedge provider. Call options protecting 92,000 ounces of gold were outstanding at March 31, 2013. The weighted average strike price of the call options was $1,966.14. Put options protecting 109,500 ounces of gold were outstanding at March 31, 2013. The weighted average strike price of the put options was $973.14. Call options protecting 97,000 ounces of gold were outstanding at December 31, 2012. The weighted average strike price of the call options was $1,967.89. Put options protecting 122,000 ounces of gold were outstanding

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Coeur d'Alene Mines Corporation and Subsidiaries

Notes to Condensed Consolidated Financial Statements (Unaudited) - (Continued)

at December 31, 2012. The weighted average strike price of the put options was $967.86.

Capital Lease Obligations

As of March 31, 2013 and December 31, 2012, the Company had outstanding balances on capital leases of $8.6 million and $11.4 million, respectively.

Palmarejo Gold Production Royalty Obligation

The Company recognized accretion expense on the Palmarejo gold production royalty obligation for the three months ended March 31, 2013 and 2012 of $4.1 million and $5.1 million, respectively. As of March 31, 2013 and December 31, 2012, the remaining minimum obligation under the royalty agreement was $59.7 million and $61.9 million, respectively. Please see Note 15 - DERIVATIVE FINANCIAL INSTRUMENTS for additional information on the gold production royalty obligation.

Interest Expense

The Company expenses interest incurred on its various debt instruments as a cost of operating its properties. For the three months ended March 31, 2013 and 2012, the Company expensed interest of $9.7 million and $6.7 million, respectively.

	Three months ended March 31,
	2013			2012
	(in thousands)
3.25% Convertible Senior Notes due March 2028	$	337		$	395
7.875% Senior Notes due January 2021	4,134			—
Revolving Credit Facility	125			—
Kensington Term Facility (terminated in 2012)	—			974
Capital lease obligations	168			343
Other debt obligations	197			69
Accretion of Franco Nevada royalty obligation	4,062			5,104
Amortization of debt issuance costs	525			256
Accretion of debt discount	577			612
Capitalized interest	(393		)	(1,083		)
Total interest expense, net of capitalized interest	$	9,732		$	6,670

Capitalized Interest

The Company capitalizes interest incurred on its various debt instruments as a cost of properties under development. For the three months ended March 31, 2013 and 2012, the Company capitalized interest of $0.4 million and $1.1 million, respectively.

NOTE 11 – RECLAMATION AND MINE CLOSURE

Reclamation and mine closure costs are based principally on legal and regulatory requirements. Management estimates costs associated with reclamation of mining properties as well as remediation costs for inactive properties. The Company uses assumptions about future costs, mineral prices, mineral processing recovery rates, production levels, capital costs and reclamation costs. Such assumptions are based on the Company’s current mining plan and the best available information for making such estimates. The sum of the expected costs by year is discounted, using the Company's credit adjusted risk free interest rate. On an ongoing basis, management evaluates its estimates and assumptions; however, actual amounts could differ from those based on such estimates and assumptions.

Changes to the Company’s asset retirement obligations are as follows (in thousands):

15

	Three months ended March 31,
	2013			2012
Asset retirement obligation - Beginning	$	33,434		$	32,714
Accretion	743			724
Addition and changes in estimates	—			—
Settlements	(2		)	(4		)
Asset retirement obligation - March 31	$	34,175		$	33,434

In addition, the Company has accrued $0.8 million and $0.9 million as of March 31, 2013 and December 31, 2012, respectively, for reclamation liabilities related to former mining activities. These amounts are also included in reclamation and mine closure liabilities.

NOTE 12 – INCOME TAXES

For the three months ended March 31, 2013, the Company reported an income tax provision of approximately $10.5 million compared to an income tax provision of $15.4 million for the three months ended March 31, 2012.

The following table summarizes the components of the Company’s income tax provision from continuing operations for the three months ended March 31, 2013 and 2012 (in thousands):

	Three months ended March 31,
	2013			2012
United States	$	(2,487	)	$	(3,137	)
Argentina	73			(201		)
Australia	(105		)	(711		)
Mexico	(3,673		)	(3,698		)
Bolivia	(4,328		)	(7,689		)
Income tax provision from continuing operations	$	(10,520	)	$	(15,436	)

The income tax provision for the three months ended March 31, 2013 varies from the statutory rate primarily because of differences in tax rates for the Company's foreign operations and changes in valuation allowances for net deferred tax assets, permanent differences and foreign exchange rate differences. The variance is also attributable to an audit of San Bartolomé's 2009 Bolivian tax return, whereby San Bartolomé incurred an additional $1.5 million of tax expense, including interest and penalties related to uncertainty in similar tax positions.

The Company has U.S. net operating loss carryforwards which expire in 2017 through 2031. Net operating losses in foreign countries have an indefinite carryforward period, except in Mexico where net operating loss carryforwards are limited to ten years.

NOTE 13 – SHARE-BASED COMPENSATION PLANS

The Company has an annual incentive plan and a long-term incentive plan. The Company’s shareholders approved the Amended and Restated 2003 Long-Term Incentive Plan of Coeur d’Alene Mines Corporation at the 2010 annual shareholders meeting.

The compensation expense recognized in the Company’s consolidated financial statements for the three months ended March 31, 2013 and 2012 for share based compensation awards was $0.6 million and $1.7 million, respectively. The stock appreciation rights (SARs) outstanding under the plan are liability-based awards and are required to be re-measured at the end of each reporting period with corresponding adjustments to previously recognized and future stock-based compensation expense. As of March 31, 2013, there was $8.0 million of total unrecognized compensation cost (net of estimated forfeitures) related to unvested stock options, SARs, restricted stock, and performance shares which is expected to be recognized over a weighted-average remaining vesting period of 1.9 years.

The following table summarizes the new grants issued during the three months ended March 31, 2013:

16

Coeur d'Alene Mines Corporation and Subsidiaries

Notes to Condensed Consolidated Financial Statements (Unaudited) - (Continued)

Grant date	Restricted stock	Grant date fair value of restricted stock		Stock options	Grant date fair value of stock options		Performance shares	Grant date fair value of performance shares
January 2, 2013	1,805	$	25.20	—	$	—	—	$	—
January 22, 2013	47,994	$	23.90	77,715	$	14.77	95,991	$	27.41
February 4, 2013	18,668	$	22.63	17,692	$	14.00	21,828	$	25.96

The following options and stock appreciation rights were exercised during the three months ended March 31, 2013:

Award Type	Number of Units	Weighted Average Exercise Price
Options	926	$	20.80
Stock Appreciation Rights	3,846	$	15.40

The following shows the weighted average fair value of SARs outstanding at March 31, 2013:

	SARs
Weighted average fair value	$	8.11

The following table shows the options and SARs exercisable at March 31, 2013:

Options Exercisable	Weighted Average Exercise Price		SARs Exercisable	Weighted Average Exercise Price
252,171	$	33.15	65,019	$	14.21

NOTE 14 – DEFINED CONTRIBUTION AND 401(k) PLANS

Defined Contribution Plan

The Company provides a noncontributory defined contribution retirement plan for all eligible U.S. employees. Total contributions, which are based on a percentage of the salary of eligible employees, were $0.6 million and $0.5 million, for the three months ended March 31, 2013 and 2012, respectively.

401(k) Plan

The Company maintains a retirement savings plan (which qualifies under Section 401(k) of the U.S. Internal Revenue Code) covering all eligible U.S. employees. Under the plan, employees may elect to contribute up to 100% of their cash compensation, subject to ERISA limitations. The Company adopted a Safe Harbor Tiered Match and is required to make matching contributions equal to 100% of the employee’s contribution up to 3% of the employee’s compensation plus matching contributions equal to 50% of the employee’s contribution up to an additional 2% of the employee’s compensation. Total plan expenses recognized in the Company’s consolidated financial statements for the three months ended March 31, 2013 and 2012 were $0.7 million and $0.6 million, respectively.

NOTE 15 – DERIVATIVE FINANCIAL INSTRUMENTS

Palmarejo Gold Production Royalty

On January 21, 2009, the Company entered into a gold production royalty transaction with Franco-Nevada Corporation. The royalty covers 50% of the life of mine production from the Palmarejo mine and adjacent properties. The royalty transaction included a minimum obligation of 4,167 ounces per month that ends when payments have been made on a total of 400,000 ounces of gold. As of March 31, 2013, a total of 184,851 ounces of gold remain outstanding under the minimum royalty obligation.

The price volatility associated with the minimum royalty obligation is considered an embedded derivative financial instrument under U.S. GAAP. As such, the Company is required to recognize the change in fair value of the remaining minimum obligation due to the changing gold prices. Unrealized gains are recognized in periods when the forward gold price has decreased from the previous period and unrealized losses are recognized in periods when the forward gold price increases. The fair value of the embedded derivative is reflected net of the Company's current credit adjusted risk free rate, which was 4.2% and 4.2% at March 31, 2013 and December 31, 2012, respectively. The fair value of the embedded derivative at March 31, 2013 and December 31, 2012, based on forward gold prices averaging approximately $1,609 and $1,694 per ounce, respectively, was a liability of $121.6 million and $145.1 million, respectively. During the three months ended March 31, 2013 and 2012, mark-to-market adjustments for this embedded derivative amounted to a gain of $23.5 million and a loss of $12.4 million, respectively.

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Coeur d'Alene Mines Corporation and Subsidiaries

Notes to Condensed Consolidated Financial Statements (Unaudited) - (Continued)

Payments on the royalty obligation occur monthly resulting in a decrease to the carrying amount of the minimum obligation and the derivative liability and the recognition of realized gains or losses as a result of changing prices for gold. Each monthly payment is an amount equal to the greater of the minimum of 4,167 ounces of gold or 50% of the actual gold production per month multiplied by the excess of the monthly average market price of gold above $400 per ounce (which $400 floor is subject to a 1% annual inflation compounding adjustment beginning on January 21, 2013). For the three months ended March 31, 2013 and 2012, realized losses on settlement of the liabilities were $9.1 million and $13.2 million, respectively. The mark-to-market adjustments and realized losses are included in fair value adjustments, net in the consolidated statement of operations.

Forward Foreign Exchange Contracts

The Company periodically enters into forward foreign currency contracts to reduce the foreign exchange risk associated with forecasted Mexican peso (“MXN”) operating costs at its Palmarejo mine. At March 31, 2013, the Company had MXN foreign exchange contracts of $29.4 million in U.S. dollars. These contracts require the Company to exchange U.S. dollars for MXN at a weighted average exchange rate of 12.91 MXN to each U.S. dollar and the Company had an asset with a fair value of $0.8 million at March 31, 2013. At December 31, 2012, the Company had MXP foreign exchange contracts of $26.1 million in U.S. dollars. These contracts required the Company to exchange U.S. dollars for MXN at a weighted average exchange rate of 13.11 MXN to each U.S. dollar and the Company had a liability with a fair value of $0.1 million at December 31, 2012. The Company recorded mark-to-market gains on these contracts of $0.7 million and $2.7 million for the three months ended March 31, 2013 and 2012, respectively. These mark-to-market adjustments are reflected in fair value adjustments, net. The Company recorded a realized gain of $0.6 million and a realized loss of $0.8 million in production costs applicable to sales during the three months ended March 31, 2013 and 2012, respectively.

In connection with an arrangement agreement entered into with Orko Silver Corp., the Company entered into a forward foreign currency contract in the first quarter of 2013 to reduce the foreign exchange risk associated with forecasted Canadian dollars ("CAD"). Please see Note 20 - SUBSEQUENT EVENTS for additional information. At March 31, 2013, the Company had a CAD foreign exchange contract of $100 million in U.S. dollars. This contract requires the Company to exchange U.S. dollars for CAD at an exchange rate of 1.0 CAD to each U.S. dollar and the contract had a fair value of $98.4 million at March 31, 2013. The Company recorded a mark-to-market loss on this contract of $1.6 million for the three months ended March 31, 2013. This mark-to-market adjustment is reflected in fair value adjustments, net.

Concentrate Sales Contracts

The Company enters into concentrate sales contracts with third-party smelters. The contracts, in general, provide for a provisional payment based upon provisional assays and quoted metal prices. The provisionally priced sales contain an embedded derivative that is required to be separated from the host contract for accounting purposes. The host contract is the receivable from the sale of concentrates at the forward price at the time of sale. The embedded derivative, which is the final settlement price based on a future price, does not qualify for hedge accounting. These embedded derivatives are recorded as derivative assets (in Prepaid expenses and other) or derivative liabilities (in Accrued liabilities and other) on the balance sheet and are adjusted to fair value through earnings each period until the date of final settlement. At March 31, 2013, the Company had outstanding provisionally priced sales of $30.1 million, consisting of 0.1 million ounces of silver and 15,685 ounces of gold, which had a fair value of $29.6 million including the embedded derivative. At December 31, 2012, the Company had outstanding provisionally priced sales of $33.2 million consisting of 0.4 million ounces of silver and 11,957 ounces of gold, which had a fair value of approximately $34.1 million including the embedded derivative.

Commodity Derivatives

As of March 31, 2013, the Company had outstanding call options requiring it to deliver 92,000 ounces of gold at a weighted average strike price of $1,966.14 per ounce if the market price of gold exceeds the strike price. At March 31, 2013, the Company had outstanding put options allowing it to sell 109,500 ounces of gold at a weighted average strike price of $973.14 per ounce if the market price of gold were to fall below the strike price. The contracts expire by their terms over the next three years. At December 31, 2012, the Company had written outstanding call options requiring it to deliver 97,000 ounces of gold at a weighted average strike price of $1,967.89 per ounce if the market price of gold exceeds the strike price. At December 31, 2012, the Company had outstanding put options allowing it to sell 122,000 ounces of gold at a weighted average strike price of $967.86 per ounce if the market price of gold were to fall below the strike price. As of March 31, 2013 and December 31, 2012, the fair market value of these contracts was a net liability of $4.5 million and $9.3 million, respectively. During the three months ended March 31, 2013, 12,500 ounces of gold put options expired at a weighted average strike price of $921.60 per ounce, resulting in a realized loss of $0.5 million. During the three months ended March 31, 2013, 5,000 ounces of gold call options at a weighted average strike price of $2,000.00 expired. During the three months ended March 31, 2013 and 2012, the Company recorded unrealized gains of $4.8 million and $0.2 million, respectively, related to the outstanding options which was included in fair value adjustments, net.

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Coeur d'Alene Mines Corporation and Subsidiaries

Notes to Condensed Consolidated Financial Statements (Unaudited) - (Continued)

As of March 31, 2013, the Company had the following derivative instruments that settle in each of the years indicated in the table (in thousands except average prices, ounces and notional data):

	2013		2014		2015		Thereafter
Palmarejo gold production royalty	$	21,297	$	24,895	$	24,691	$	20,766
Average gold price in excess of minimum contractual deduction	$	502	$	498	$	494	$	490
Notional ounces	42,433		50,004		50,004		42,409
Mexican peso forward purchase contracts	$	29,400	$	—	$	—	$	—
Average rate (MXP/$)	$	12.91	$	—	$	—	$	—
Mexican peso notional amount	379,422		—		—		—
Canadian dollar forward purchase contracts	$	100,000	$	—	$	—	$	—
Average rate (CAD/$)	$	1.00	$	—	$	—	$	—
Canadian dollar notional amount	100,000		—		—		—
Silver concentrate sales agreements	$	4,395	$	—	$	—	$	—
Average silver price	$	29.72	$	—	$	—	$	—
Notional ounces	147,898		—		—		—
Gold concentrates sales agreements	$	25,683	$	—	$	—	$	—
Average gold price	$	1,637	$	—	$	—	$	—
Notional ounces	15,685		—		—		—
Gold put options purchased	$	1,260	$	720	$	—	$	—
Average gold strike price	$	931	$	979	$	1,010	$	—
Notional ounces	32,500		47,000		30,000		—
Gold call options sold	$	—	$	720	$	—	$	—
Average gold strike price	$	2,000	$	1,934	$	2,000	$	—
Notional ounces	15,000		47,000		30,000		—

The following summarizes the classification of the fair value of the derivative instruments as of March 31, 2013 and December 31, 2012 (in thousands):

	March 31, 2013
	Prepaid expenses and other		Accrued liabilities and other		Other long- term liabilities		Current portion of royalty obligation		Non-current portion of royalty obligation
Forward foreign exchange contracts Peso	$	814	$	—	$	—	$	—	$	—
Forward foreign exchange contracts Canadian dollars	—		1,598		—		—		—
Palmarejo gold production royalty	—		—		—		37,279		84,285
Put and call options, net	—		1,551		2,981		—		—
Concentrate sales contracts	71		512		—		—		—
	$	885	$	3,661	$	2,981	$	37,279	$	84,285

19

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Notes to Condensed Consolidated Financial Statements (Unaudited) - (Continued)

	December 31, 2012
	Prepaid expenses and other		Accrued liabilities and other		Other long- term Liabilities		Current portion of royalty obligation		Non-current portion of royalty obligation
Forward foreign exchange contracts Peso	$	376	$	300	$	—	$	—	$	—
Palmarejo gold production royalty	—		—		—		41,146		103,952
Put and call options, net	—		2,025		7,274		—		—
Concentrate sales contracts	1,030		163		—		—		—
	$	1,406	$	2,488	$	7,274	$	41,146	$	103,952

The following represent mark-to-market gains (losses) on derivative instruments for the three months ended March 31, 2013 and 2012 (in thousands):

		Three months ended March 31,
Financial statement line	Derivative	2013			2012
Sales of metal	Concentrate sales contracts	$	(1,755	)	$	1,336
Production costs applicable to sales	Forward foreign exchange contracts	627			(783		)
Fair value adjustments, net	Forward foreign exchange contracts MXN Peso	738			2,690
Fair value adjustments, net	Forward foreign exchange contracts Canadian dollar	(1,598		)	—
Fair value adjustments, net	Silver ounces receivable	—			359
Fair value adjustments, net	Palmarejo gold royalty	14,429			(25,611		)
Fair value adjustments, net	Put and call options	4,228			(551		)
		$	16,669		$	(22,560	)

Please see Note 4 - FAIR VALUE MEASUREMENTS for additional detail on the fair value amounts for derivatives.

Credit Risk

The credit risk exposure related to any potential derivative instruments is limited to the unrealized gains, if any, on outstanding contracts based on current market prices. To reduce counter-party credit exposure, the Company deals with financial institutions management deems credit worthy and limits credit exposure to each. The Company does not anticipate non-performance by any of its counterparties. In addition, to allow for situations where positions may need to be revised, the Company deals only in markets that management considers highly liquid.

NOTE 16 – COMMITMENTS AND CONTINGENCIES

Labor Union Contracts

The Company maintains one labor agreement with Sindicato de la Empresa Minera Manquiri at the San Bartolomé mine in Bolivia. The labor agreement, which became effective October 11, 2007, does not have a fixed term. As of March 31, 2013, approximately 10.6% of the Company’s worldwide labor force was covered by collective bargaining agreements.

Termination Benefits

The Company established a termination benefit program for its employees at the Rochester mine in 2005. The program provided a financial benefit in the form of severance pay to terminated employees if their employment was terminated due to curtailment of operations. The individual benefit was based on the employee’s service time and rate of pay at the time of termination. The Rochester mine resumed mining and crushing operations in late 2011. As of November 2012, the plan was terminated.

20

Coeur d'Alene Mines Corporation and Subsidiaries

Notes to Condensed Consolidated Financial Statements (Unaudited) - (Continued)

Changes to the Company's termination benefits are as follows (in thousands):

	Three months ended March 31,
	2013		2012
Beginning Balance	$	—	$	3,335
Accruals	—		87
Ending Balance	$	—	$	3,422

The Company does not have a written severance plan for any of its operations including those operations located in Chile, Argentina, Bolivia and Mexico. However, laws in these foreign jurisdictions require payment of certain minimum statutory termination benefits. Accordingly, in situations where minimum statutory termination benefits must be paid to the affected employees, the Company records employee severance costs in accordance with U.S. GAAP. The Company has accrued obligations for post-employment benefits in these locations of approximately $7.7 million and $7.6 million as of March 31, 2013 and December 31, 2012, respectively.

Kensington Production Royalty

On July 7, 1995, Coeur, through its wholly-owned subsidiary, Coeur Alaska, Inc., acquired the 50% ownership interest of Echo Bay Exploration Inc., or Echo Bay, giving Coeur 100% ownership of the Kensington property. Coeur Alaska is obligated to pay Echo Bay, a subsidiary of Kinross Gold Corporation, a scaled net smelter return royalty on 1.0 million ounces of future gold production after Coeur Alaska recoups the $32.5 million purchase price and its construction and development expenditures incurred after July 7, 1995 in connection with placing the property into commercial production. The royalty ranges from 1% at gold prices of $400 per ounce to a maximum of 2.5% at gold prices above $475 per ounce, with the royalty to be capped at 1.0 million ounces of production. No royalty has been paid to date.

Rochester Production Royalty

The Company acquired the Rochester property from ASARCO, a subsidiary of Grupo Mexico SA de CV, in 1983. The Company is obligated to pay a net smelter royalty interest to ASARCO when the market price of silver equals or exceeds $23.60 per ounce up to a maximum rate of 5%. Royalty expense was $1.0 million and $0.6 million, respectively for the three months ended March 31, 2013 and 2012, respectively.

Palmarejo Gold Production Royalty

On January 21, 2009, Coeur Mexicana entered into a gold production royalty transaction with Franco-Nevada Corporation under which Franco-Nevada purchased a royalty covering 50% of the life of mine gold to be produced from its Palmarejo silver and gold mine in Mexico. The royalty agreement provides for a minimum obligation to be paid monthly on a total of 400,000 ounces of gold, or 4,167 ounces per month over an initial eight year period. Please see Note 15 - DERIVATIVE FINANCIAL INSTRUMENTS for additional detail on the Palmarejo gold production royalty.

NOTE 17 – SIGNIFICANT CUSTOMERS

The Company markets its doré to credit worthy bullion trading houses, market makers and members of the London Bullion Market Association, industrial companies and sound financial institutions. The refined metals are sold to end users for use in electronic circuitry, jewelry, silverware, pharmaceutical products, and the technology industry. The Company currently has eight trading counterparties (International Commodities, Mitsui, Mitsubishi, Standard Bank, TD Securities, Valcambi, Johnson Matthey and Auramet) and the sales of metals to these companies amounted to approximately 70% and 90% of total metal sales for the three months ended March 31, 2013 and 2012, respectively. Generally, the loss of a single bullion trading counterparty would not adversely affect the Company due to the liquidity of the markets and the availability of alternative trading counterparties.

Sales of silver and gold concentrates to third parties (Nyrstar, Aurubis, Sumitomo, Trafigura, Auramet, and China National Gold) amounted to approximately 30% and 10% of total metal sales for the three months ended March 31, 2013, and 2012, respectively. The loss of any one smelting and refining client may have a material adverse effect if alternate smelters and refiners are not available. The Company believes there is sufficient global capacity available to address the loss of any one smelter.

21

Coeur d'Alene Mines Corporation and Subsidiaries

Notes to Condensed Consolidated Financial Statements (Unaudited) - (Continued)

The following table indicates customers that represent 10% or more of total sales of metal for the three months ended March 31, 2013 and 2012 (in millions):

Customer	Three months ended March 31,		Three months ended March 31,		Segments reporting sales of metal
	2013		2012
Valcambi	$	12.2	$	107.9	Palmarejo, San Bartolomé
Auramet	$	24.2	$	13.9	San Bartolomé, Kensington
Mitsui	$	22.4	$	16.7	Palmarejo, San Bartolomé, Rochester
Standard Bank	$	17.4	$	14.5	Palmarejo
Johnson Matthey	$	25.2	$	—	Palmarejo, San Bartolomé, Rochester

NOTE 18 – SEGMENT REPORTING

Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or decision-making group, in deciding how to allocate resources and in assessing performance. The Company’s chief operating decision-making group is comprised of the Chief Executive Officer, Chief Financial Officer, and the Chief Operating Officer.

The operating segments are managed separately because each segment represents a distinct use of company resources and a separate contribution to the Company’s cash flows. The Company’s reportable operating segments include the Palmarejo, San Bartolomé, Martha, Rochester, Kensington and Endeavor mining properties and the Joaquin exploration property. All operating segments are engaged in the discovery and/or mining of gold and silver and generate the majority of their revenues from the sale of these precious metal concentrates and/or refined precious metals. Through September 2012, the Martha mine sold precious metal concentrates, typically under long-term contracts, to trading partners located in the United States and Switzerland. The Company ceased active mining operations at the Martha mine in September of 2012. The Kensington mine sells precious metals and concentrates, typically under long-term contracts to smelters in China and Germany. Refined gold and silver produced by the Rochester, Palmarejo, and San Bartolomé mines are principally sold on a spot basis to precious metals trading banks such as International Commodities, Mitsui, Mitsubishi, Standard Bank, TD Securities, Valcambi and Auramet. Concentrates produced at the Endeavor mine are sold to Nyrstar (formerly Zinifex), an Australian smelter. The Company’s exploration programs, other than the Joaquin project, are reported in its other segment. The other segment also includes the corporate headquarters, elimination of intersegment transactions and other items necessary to reconcile to consolidated amounts. The accounting policies of the operating segments are the same as those described in the summary of significant accounting policies above. The Company evaluates performance and allocates resources based on profit or loss before interest, income taxes, depreciation and amortization, unusual and infrequent items and extraordinary items.    

22

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Notes to Condensed Consolidated Financial Statements (Unaudited) - (Continued)

Financial information relating to the Company’s segments is as follows (in thousands):

Three months ended March 31, 2013	Palmarejo Mine			San Bartolomé Mine			Kensington Mine			Rochester Mine			Martha Mine			Endeavor Mine			Joaquin			Other			Total
Sales of metals	$	57,426		$	33,141		$	39,274		$	39,474		$	(501	)	$	2,983		$	—		$	—		$	171,797
Productions costs applicable to sales	(26,718		)	(15,678		)	(23,565		)	(21,502		)	—			(1,321		)	—			—			(88,784		)
Depreciation and depletion	(28,950		)	(4,756		)	(13,386		)	(2,181		)	(117		)	(824		)	—			(222		)	(50,436		)
Gross profit (loss)	1,758			12,707			2,323			15,791			(618		)	838			—			(222		)	32,577
Exploration expense	1,980			53			672			484			2,995			—			—			657			6,841
Loss on impairment	—			—			—			—			119			—			—			—			119
Other operating expenses	—			3,721			76			144			1,045			—			11			9,714			14,711
OPERATING INCOME (LOSS)	(222		)	8,933			1,575			15,163			(4,777		)	838			(11		)	(10,593		)	10,906
Interest and other income, net	1,941			605			130			57			908			(13		)	(14		)	206			3,820
Interest expense, net	(3,738		)	(32		)	(259		)	(5		)	(15		)	—			15			(5,698		)	(9,732		)
Fair value adjustments, net	14,429			—			4,227			—			—			—			—			(860		)	17,796
Income tax expense	(3,534		)	(4,328		)	—			—			73			—			—			(2,731		)	(10,520		)
Net income (loss)	$	8,876		$	5,178		$	5,673		$	15,215		$	(3,811	)	$	825		$	(10	)	$	(19,676	)	$	12,270
Segment assets (A)	$	1,900,071		$	303,761		$	498,762		$	114,381		$	8,304		$	93,770		$	31,054		$	13,561		$	2,963,664
Capital expenditures (B)	$	5,314		$	457		$	3,330		$	3,299		$	—		$	—		$	—		$	427		$	12,827

A. Segment assets consist of receivables, prepaids, inventories, property, plant and equipment, and mining properties

B. Balance represents cash flow amounts 

Three months ended March 31, 2012	Palmarejo Mine			San Bartolomé Mine			Kensington Mine			Rochester Mine			Martha Mine			Endeavor Mine			Joaquin		Other			Total
Sales of metals	$	123,722		$	41,376		$	10,377		$	18,758		$	3,618		$	6,713		$	—	$	—		$	204,564
Productions costs applicable to sales	(45,860		)	(13,608		)	(17,090		)	(9,565		)	(3,694		)	(2,737		)	—		—			(92,554		)
Depreciation and depletion	(37,769		)	(4,219		)	(6,605		)	(1,642		)	(596		)	(1,644		)	—		(117		)	(52,592		)
Gross profit (loss)	40,093			23,549			(13,318		)	7,551			(672		)	2,332			—		(117		)	59,418
Exploration expense	1,320			70			222			709			3,412			—			—		834			6,567
Other operating expenses	—			5			19			1,341			197			—			—		7,102			8,664
OPERATING INCOME (LOSS)	38,773			23,474			(13,559		)	5,501			(4,281		)	2,332			—		(8,053		)	44,187
Interest and other income, net	4,581			95			—			49			(75		)	—			—		357			5,007
Interest expense	(4,810		)	—			(892		)	(8		)	—			—			—		(960		)	(6,670		)
Fair value adjustments, net	(25,611		)	—			(551		)	—			—			—			—		3,049			(23,113		)
Income tax benefit (expense)	(3,544		)	(7,689		)	—			—			(201		)	—			—		(4,002		)	(15,436		)
Net income (loss)	$	9,389		$	15,880		$	(15,002	)	$	5,542		$	(4,557	)	$	2,332		$	—	$	(9,609	)	$	3,975
Segment assets (A)	$	2,008,004		$	285,276		$	504,082		$	90,072		$	24,183		$	36,372		$	—	$	17,104		$	2,965,093
Capital expenditures (B)	$	7,170		$	10,207		$	10,878		$	2,639		$	659		$	—		$	—	$	94		$	31,647

A. Segment assets consist of receivables, prepaids, inventories, property, plant and equipment, and mining properties

B. Balance represents cash flow amounts 

23

Coeur d'Alene Mines Corporation and Subsidiaries

Notes to Condensed Consolidated Financial Statements (Unaudited) - (Continued)

	March 31, 2013		December 31, 2012
Assets
Total assets for reportable segments	$	2,963,664	$	2,974,056
Cash and cash equivalents	331,311		125,440
Short term investments	1,498		999
Other assets	127,209		120,906
Total consolidated assets	$	3,423,682	$	3,221,401

Geographic Information

	March 31, 2013		December 31, 2012
Long Lived Assets:
United States	$	505,593	$	514,663
Australia	28,584		29,408
Chile	21		24
Argentina	95,053		95,134
Bolivia	237,157		240,905
Mexico	1,771,240		1,795,677
Total	$	2,637,648	$	2,675,811

	Three months ended March 31,
	2013			2012
Revenues:
United States	$	78,748		$	29,135
Mexico	57,426			123,722
Bolivia	33,141			41,376
Australia	2,983			6,713
Argentina	(501		)	3,618
Total	$	171,797		$	204,564

NOTE 19 – LITIGATION AND OTHER EVENTS

Sites Related to Callahan Mining Corporation

In 1991, the Company acquired all of the outstanding common stock of Callahan Mining Corporation. Since then, the Company has received requests for information or notices of potential liability from state or federal agencies with regard to Callahan's operations at sites in Idaho, Maine, Colorado and Washington. The Company did not make any decisions with respect to generation, transport or disposal of hazardous waste at these sites. Therefore, the Company believes that it is not liable for any potential cleanup costs either directly as an operator or indirectly as a parent. To date, none of these agencies have made any claims against the Company or Callahan for cleanup costs. The Company anticipates that further agency interaction may be possible with respect to three of these sites, discussed below.

Callahan operated a mine and mill in Brooksville, Maine from 1968 until 1972 and subsequently disposed of the property. In 2000, the U.S. Environmental Protection Agency, or EPA, made a formal request to the Company for information regarding the site. The site was placed on the National Priorities List on September 5, 2002, and the Maine Department of Transportation, a partial owner of the property, signed a consent order in 2005. In January 2009, the EPA and the State of Maine made additional formal requests to the Company for information relating to the site, to which the Company responded. The first phase of cleanup at the site began in April 2011.

24

Coeur d'Alene Mines Corporation and Subsidiaries

Notes to Condensed Consolidated Financial Statements (Unaudited) - (Continued)

The Van Stone Mine in Stevens County, Washington consists of several parcels and was mined from 1926 until 1993. Callahan sold its parcel in 1990. In February 2010, the State of Washington Department of Ecology notified Callahan Mining Corporation that it, among others, is a potentially liable person (PLP) under Washington law. Asarco LLC ("Asarco"), an affiliate of American Smelting and Refining Company, which developed the mill on the site in 1951, settled for $3.5 million. Another potentially liable person, Vaagen Brothers, signed a consent order which allows access to the site for a Remedial Investigation and Feasibility Study. Neither the Company nor Callahan Mining Corporation has received any further notices from the Washington Department of Ecology. On June 5, 2012, Asarco filed a lawsuit in the U.S. District Court for the Eastern District of Washington against five named defendants, including Callahan Mining Corporation, seeking contribution for the $3.5 million settlement. Callahan Mining Corporation filed a response and defense to the lawsuit on December 11, 2012 and does not believe it has any liability to Asarco. The Court has set a trial date for April 28, 2014.

Callahan controlled the Akron Mine in Gunnison County, Colorado under lease and option agreements with several owners from 1937-1960. In December 2003, the United States Forest Service (“USFS”) made a formal request for information to the Company for information regarding the site, to which the Company responded. In February 2007, the USFS made a formal request for information to Callahan for information regarding the site, to which Callahan responded. In April 2013, the USFS made a formal request for information to the Company regarding the site, to which the Company intends to respond.

Bolivian Temporary Restriction on Mining above 4,400 Meters

On October 14, 2009, the Bolivian state-owned mining organization, COMIBOL, announced by resolution that it was temporarily suspending mining activities above the elevation of 4,400 meters above sea level while stability studies of Cerro Rico mountain are undertaken. The Company holds rights to mine above this elevation under valid contracts with COMIBOL as well as under authorized contracts with local mining cooperatives that hold their rights under contract themselves with COMIBOL. The Company temporarily adjusted its mine plan to confine mining activities to the ore deposits below 4,400 meters above sea level and timely notified COMIBOL of the need to lift the restriction.

The Cooperative Reserva Fiscal, with which the Company has one of those contracts, subsequently interpreted the COMIBOL resolution and determined that the Huacajchi deposit was not covered by such resolution. In March 2010, the Cooperative Reserva Fiscal notified COMIBOL that, based on its interpretation, it was resuming mining of high grade material above the 4,400 meter level in the Huacajchi deposit. In December 2011, the Cooperative Reserva Fiscal sent a similar notification to COMIBOL with respect to a further area above the 4,400 meter level known as Huacajchi Sur. Based on these notifications and on the absence of any objection from COMIBOL, the Company resumed mining operations at the San Bartolomé mine on the Huacajchi deposit and Huacajchi Sur. Mining in other areas above the 4,400 meter level continues to be suspended.

The partial suspension may reduce production until the Company is able to resume mining above 4,400 meters generally. It is uncertain at this time how long the suspension will remain in place. In addition, it is possible that COMIBOL may decide that the Company's operations at the Huacajchi deposit or Huacajchi Sur are subject to the COMIBOL resolution, which may force the Company to cease mining at such deposits. If COMIBOL objects to the Company mining at the Huacajchi deposit or Huacajchi Sur or if the other restrictions are not lifted, the Company may need to write down the carrying value of the asset. It is also uncertain if any new mining or investment policies or shifts in political attitude may affect mining in Bolivia.

Unpatented Mining Claims Dispute at Rochester in Nevada

On December 5, 2011, Coeur Rochester filed a lawsuit in the Sixth Judicial District Court of Nevada against Rye Patch Gold Corp and Rye Patch Gold US, Inc. seeking a declaratory judgment as to Coeur Rochester's ownership of 447 unpatented mining claims covering approximately 8,600 acres of federal lands in and surrounding the Coeur Rochester mine operation.  On December 5, 2011, Rye Patch Gold US, Inc. filed a similar action asserting its interest in the claims in the Second Judicial District Court of Nevada.  The Rye Patch action was subsequently moved to the Sixth Judicial Court and consolidated with Coeur Rochester's pending action.  The dispute stems from competing asserted interests in the mining claims between Coeur Rochester and Rye Patch following Coeur Rochester's inadvertent failure to pay annual mining claim maintenance fees.   On December 5, 2011, the court issued a temporary restraining order prohibiting Rye Patch from entering the property.  On December 20, 2011, following a hearing, the District Court judge issued a preliminary injunction, enjoining Rye Patch from entering certain active mine areas at the Coeur Rochester mine operation.  On March 6, 2012 Rye Patch filed a Motion for Preliminary Injunction to which Coeur Rochester responded in opposition on March 21, 2012. It is Coeur Rochester's position that there is no new material for review by the Court since the original preliminary injunction was granted in favor of Coeur Rochester. However, if granted in favor of Rye Patch, a preliminary injunction could halt Coeur Rochester's mining operations on the disputed claims. On May 7, 2012, the Court appointed a Special Master to address certain pre-trial matters. A hearing on the Motion was held before the Special Master appointed by the Court on June 27-28, 2012. On August 6, 2012, the Special Master issued a recommendation that the Court deny Rye Patch's motion on the grounds that Rye Patch did not demonstrate a likelihood of success on the merits of the case and did not show that it would suffer irreparable harm if a preliminary injunction were not granted. On August 9-10, 2012, the Court entered orders adopting a number of recommendations made by the Special Master regarding several pending motions, including

25

Coeur d'Alene Mines Corporation and Subsidiaries

Notes to Condensed Consolidated Financial Statements (Unaudited) - (Continued)

an order denying Rye Patch's motion to revoke the appointment of the Special Master. On October 12, 2012, the Court continued the original November 2012 trial date, which has since been re-scheduled for September 2013.

On August 27, 2012, Coeur Rochester filed a Motion for Partial Summary Judgment with the Court, requesting the Court enter an Order declaring that Rye Patch's LH Claims located within Coeur Rochester's current Bureau of Land Management (BLM) approved plan of operations boundary are invalid because claims located by trespass cannot be valid. On August 29, 2012, Rye Patch filed a competing Motion for Partial Summary Judgment requesting the Court enter an Order declaring Coeur Rochester's old unpatented mining claims as forfeited for failure to pay the annual maintenance fees to the BLM and that Rye Patch had a federal statutory right to locate the LH claims. Coeur Rochester and Rye Patch each has responded in opposition to the other party's motions and filed subsequent replies to the opposition.

On September 7, 2012, Rye Patch filed a petition with the Nevada Supreme Court requesting a special writ be issued to the District Court to prevent its enforcement of its appointment of the Special Master. On October 5, 2012, the Nevada Supreme Court entered an order granting Rye Patch's request for a temporary stay of the appointment of the Special Master. Coeur Rochester filed an answer to Rye Patch's appeal with respect to the appointment of the Special Master on November 5, 2012. A hearing on the petition is scheduled for May 13, 2013.

The Company believes it holds a superior property interest to Rye Patch based on flaws in the Rye Patch claims, and the Company's valid possessory rights in the claims. The mine operates under an approved BLM plan of operations and has continued normal operations while the legal action is pending.  The Company cannot predict how the court will rule on the ownership interest in the claims and if all or some of the claims at issue will be retained by the Company.  The Company believes there will be no impact to the current silver and gold reserves at Coeur Rochester as a result of the claims dispute. Furthermore, the Company believes the likelihood of a loss or impairment of assets is remote. The Company believes an adverse outcome would cause it to modify existing plans to further expand future mining operations, would require permits to be updated to reflect changes in claim ownership arising from an adverse outcome and would prevent the Company from future exploration in areas that are subject to any claims ultimately determined to be held by third parties.

Appeal of Plan of Operations Amendment at Rochester in Nevada

The Rochester property is also the subject of an administrative appeal filed by Great Basin Resource Watch (“GBRW”) with the Interior Board of Land Appeals (“IBLA”). This appeal challenges the decision of the U.S. Bureau of Land Management (“BLM”) to approve a plan of operations amendment permitting resumed mining in the existing mine pit and construction of a new heap leach pad.  GBRW asserts that the National Environmental Policy Act (“NEPA”) required an Environmental Impact Statement for the plan of operations amendment, as opposed to the Environmental Assessment (“EA”) that was prepared.  GBRW further alleges that BLM violated the Federal Land Policy & Management Act (“FLPMA”) by failing to avoid unnecessary and undue degradation of public lands.  Because GBRW did not seek a stay of BLM's decision, operations are proceeding as approved. Coeur was granted intervenor status in the appeal and is actively participating in its resolution.  The BLM and Coeur assert that the EA complies with NEPA and that BLM complied with FLPMA by, among other things, requiring mitigation of any possible future effects on water quality.  BLM filed a Supplemental Briefing on March 1, 2012 regarding additional analysis conducted by the BLM further supporting and strengthening BLM and Coeur's positions that the EA complies with NEPA. The Company cannot predict whether this will result in further briefing with the IBLA, when the IBLA will rule on the appeal or what impact, if any, an adverse ruling may have on Rochester's operations.

NOTE 20 – SUBSEQUENT EVENTS

Orko Aquisition

On February 20, 2013 the Company entered into an Arrangement Agreement among the Company, 0961994 B.C. Ltd., a corporation wholly-owned by the Company and incorporated under the laws of British Columbia, and Orko Silver Corp., a corporation incorporated under the laws of British Columbia engaged in the acquisition and exploration of mineral properties(“Orko” and, together with the Company and 0961994 B.C. Ltd., the “Parties”), and on March 12, 2013, the Parties entered into a Memorandum of Agreement amending certain terms of the Arrangement Agreement. Pursuant to the Arrangement Agreement, as amended, the Company acquired ("the Arrangement") all of the issued and outstanding common shares of Orko pursuant to a Plan of Arrangement under the Business Corporations Act (British Columbia). Orko’s shareholders adopted and approved the Arrangement on April 10, 2013.

The Supreme Court of British Columbia issued a final order approving the Plan of Arrangement on April 12, 2013. On April 16, 2013, the Company’s acquisition of the equity interests of Orko from the Orko shareholders was consummated by way of the Plan of Arrangement and Orko became a wholly-owned subsidiary of the Company. As a result of the completion of the arrangement, Coeur now owns all of the issued and outstanding shares of Orko. As consideration, Coeur paid a total of CAD $100 million in cash and issued an aggregate 11,572,918 common shares of Coeur and 1,588,768 warrants to acquire common shares of Coeur.

26

Letter of Intent to Sell Certain Assets

On April 11, 2013, the Company announced that it has entered into a letter of intent with XDM Royalty Corp. (“XDM”) to sell its interest in the silver production and reserves from the Endeavor mine in Australia (the “Endeavor silver stream”) and the royalty from the Cerro Bayo gold and silver mine in southern Chile (the “Cerro Bayo royalty”) for up to $67 million in total cash and XDM equity consideration.

At March 31, 2013, the carrying value of the Endeavor silver stream, consisting of capitalized mineral interest acquisition costs, was $28.6 million and the Cerro Bayo royalty was $6.1 million.

On May 9, 2013, the Company announced that the letter of intent with XDM has been terminated due to the dislocation in metals markets, and that the parties are continuing discussions to possibly reach a revised agreement.

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Item 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) is designed to provide the reader of the Company's financial statements with a narrative from management’s perspective on its financial condition, results of operations, liquidity and other factors that may affect our future results. The Company believes it is important to read its MD&A in conjunction with its Annual Report on Form 10-K for the year ended December 31, 2012 (the "2012 10-K"), as well as other publicly available information.

This report contains numerous forward-looking statements relating to the Company’s gold and silver mining business, including estimated production data, expected operating schedules, results of operations, ore reserves and resources, expected capital costs and other expected operating data and permit and other regulatory approvals. Such forward-looking statements are identified by the use of words such as “believes,” “intends,” “expects,” “hopes,” “may,” “should,” “will,” “plan,” “projected,” “contemplates,” “anticipates” or similar words. Actual production, operating schedules, results of operations, ore reserves and resources, capital costs and permit and regulatory approvals could differ materially from those projected in the forward-looking statements. The factors that could cause actual results to differ materially from those in the forward-looking statements include: (i) the risk factors set forth below under Part II, Item 1A and in the "Risk Factors" section of the 2012 10-K and the risks and uncertainties discussed in this MD&A; (ii) risks and hazards inherent in the mining business (including environmental hazards, industrial accidents, weather or geologically related conditions); (iii) changes in the market prices of gold and silver; (iv) uncertainties inherent in the Company’s production, exploratory and developmental activities, including risks relating to permitting and regulatory delays and disputed mining claims; (v) any future labor disputes or work stoppages; (vi) uncertainties inherent in the estimation of gold and silver ore reserves; (vii) changes that could result from the Company’s future acquisition of new mining properties or businesses; (viii) reliance on third parties to operate certain mines where the Company owns silver production and reserves; (ix) the loss of any third-party smelter to which the Company markets silver and gold; (x) effects of environmental and other governmental regulations; (xi) risks inherent in the ownership or operation of or investment in mining properties or businesses in foreign countries; (xii) the worldwide economic downturn and difficult conditions in the global capital and credit markets; and (xiii) the Company’s possible inability to raise additional financing necessary to conduct its business, make payments or refinance its debt. Readers are cautioned not to put undue reliance on forward-looking statements. The Company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or otherwise.

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, total cash costs, and operating cash flow. 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 believe cash operating costs and operating cash flow are important measures in assessing the Company's overall financial performance.

Introduction to the Company

The Company is a large primary silver producer with growing gold production and has assets located in the United States, Mexico, Bolivia, Argentina and Australia. The Palmarejo mine, San Bartolomé mine, Kensington mine, and Rochester mine , each of which is operated by the Company, and the Endeavor mine, which is operated by a non-affiliated party, constituted the Company’s principal sources of mining revenues during the first three months of 2013.

The Company’s business strategy is to discover, acquire, develop and operate low-cost silver and gold operations that it expects to produce long-term cash flow, provide opportunities for growth through continued exploration, and generate superior and sustainable returns for shareholders. The Company’s management focuses on maximizing cash flow from its existing operations, the main elements of which are silver and gold prices, cash costs of production and capital expenditures. The Company also focuses on controlling its non-operating costs in order to maximize cash flow.

The results of the Company’s operations are significantly affected by the prices of silver and gold, which may fluctuate widely and are affected by numerous factors beyond the Company’s control, including interest rates, expectations regarding inflation, currency values, governmental decisions regarding the disposal of precious metals stockpiles, global and regional political and economic conditions and other factors. In addition, the Company faces challenges including raising capital, increasing production and managing social, political and environmental issues. Operating costs at its mines are subject to variation due to a number of factors such as changing commodity prices, ore grades, metallurgy, revisions to mine plans and changes in accounting

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principles. At foreign locations, operating costs are also influenced by currency fluctuations that may affect the Company’s U.S. dollar costs.

Overview of Performance

Production

In the first quarter of 2013, the Company’s total silver production decreased 21.5% to 3.8 million ounces as compared to 4.9 million ounces in the comparable period in 2012. The decrease is primarily due to decreased production at the Palmarejo and San Bartolomé mines. The decrease at Palmarejo was the result of lower grade ore processed from both open pit and underground operations compared to the same time period in 2012. The reduction at San Bartolomé was due to lower silver ore grades. The Company’s total gold production in the first quarter of 2013 increased by 13,012 ounces, or 29.6%, to 56,913 ounces, as compared to 43,901 ounces in the comparable period in 2012. The increase was primarily driven by increased gold production at the Kensington mine.

Sales of Metal

Sales of metal decreased $32.8 million, or 16.0%, to $171.8 million in the first quarter of 2013, compared to $204.6 million in the first quarter of 2012, primarily due to lower silver and gold prices and the production decreases at the Palmarejo and San Bartolomé mines. The Company sold 3.1 million ounces of silver and 51,926 ounces of gold during the first quarter compared to 4.3 million ounces of silver and 38,884 ounces of gold in the comparable period of 2012. The Company’s average realized silver and gold prices during the first quarter of 2013 were $30.30 per ounce and $1,630 per ounce, respectively, representing a decrease of 7.1% and 4.2%, respectively, over last year’s first quarter. Sales of silver contributed 53.4% of the Company’s total metal sales during the first quarter of 2013, compared to 68.1% during the first quarter of 2012.

Earnings

The Company reported net income of $12.3 million, or $0.14 per share, compared to net income of $4.0 million, or $0.04 per share, for the three months ended March 31, 2013 and 2012, respectively. The earnings reflect non-cash fair value adjustments that increased net income by $17.8 million and decreased net income by $23.1 million in the three months ended March 31, 2013 and 2012, respectively. These fair value adjustments are driven primarily by changing forward gold prices which impact the estimated future liabilities related to the Palmarejo gold production royalty obligation.

Production costs decreased by $3.8 million or 4.1% for the three months ended March 31, 2013 compared to the same time period in 2012. The decrease was due primarily to a lower volume of ounces sold when compared to the same time period during 2012.

Depreciation, depletion, and amortization decreased by $2.2 million or 4.1% for the three months ended March 31, 2013 compared to the same time period in 2012 as a result of decreased depletion at Palmarejo due to a decrease in volume.

Administrative and general expenses increased by $2.6 million or 34.6% during the three months ended March 31, 2013 compared to the same time period in 2012. The increase was primarily due to increased legal and finance related expense and salaries and relocation costs for new employees.

Exploration expense increased by $0.3 million or 4.2% for the three months ended March 31, 2013 compared to the same time period in 2012 as a result of increased exploration activity at the Palmarejo, Kensington and Rochester mines, and at the Joaquin and Lejano projects.

Pre-development, care, maintenance and other expenses increased by $3.4 million or 319.9% during the three months ended March 31, 2013 compared to the same time period in 2012. The increase was primarily the result of the Company's settlement of a royalty right in Bolivia.

Interest expense increased $3.1 million or 45.9% during the three months ended March 31, 2013 as compared to the same period in 2012, primarily due to an increase in total debt outstanding as a result of issuing the 7.875% Senior Notes.

Other Highlights

In addition to the matters discussed above regarding the key elements of the Company’s business strategy, the matters management considers most important in evaluating the Company’s financial condition and results of operations include:

• The average price of silver (Handy & Harman) and gold (London Gold PM) for the three months ended March 31, 2013 was $30.08 and $1,631 per ounce, respectively, compared to $32.72 and $1,691 per ounce, respectively, for the three months ended March 31, 2012. The closing market price of silver and gold on May 8, 2013 was $23.75 per ounce and $1,468 per ounce, respectively.

• Net cash provided by operating activities for the first quarter of 2013 was $12.9 million, compared to $17.0 million during the first quarter of 2012. The reduction was primarily the result of lower sales during the quarter.

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• The Company spent $12.8 million on capital expenditures in the first quarter of 2013, which is $18.8 million lower than the same time period last year. Capital expenditures in the first quarter were primarily related to capitalized drilling and development of the Guadalupe satellite underground mine; underground development at Palmarejo, underground development at Kensington, and the stage 3 leach pad, metal removal system, and crusher at Rochester.

• The Company’s ratio of current assets to current liabilities was 4.10 to 1 at March 31, 2013, compared to 1.70 to 1 at December 31, 2012.

Operating Highlights and Statistics

Palmarejo Mine:

Production during the first quarter of 2013 was 1.6 million ounces of silver, which represented a 33.7% decrease compared to the first quarter of 2012. Gold production was 22,965 ounces, which represented a 26.1% decrease from the first quarter of 2012. The reduced production was primarily the result of lower grade ore processed from both open pit and underground operations compared to the same time period in 2012.

Cash operating costs and total cash costs per silver ounce during the first quarter increased to $2.20 compared to $(2.27) for the first quarter of 2012. Higher cash operating costs per ounce were due to decreased production, increased mining costs for additional ground support, increased maintenance costs and lower gold by-product credits as a result of lower gold production. Production costs applicable to sales for the three months ended March 31, 2013 decreased by 41.7% compared to the same time period in 2012 due primarily to a lower volume of ounces sold.

San Bartolomé Mine:

Silver production for the first quarter of 2013 decreased 12.6% to 1.4 million ounces of silver compared to 1.6 million ounces of silver in the first quarter of 2012 due primarily to lower silver ore grades.

Production costs applicable to sales increased by 15.2% during the first quarter of 2013 as compared to the first quarter of 2012 due primarily to increased throughput of lower ore grade at the mine.

Total cash operating costs per ounce during the first quarter of 2013 were $13.27 and total cash costs per ounce, including royalties and taxes, were $14.32 compared to $10.21 and $11.49, respectively, in the first quarter of 2012.

On October 14, 2009, the Bolivian state-owned mining organization, COMIBOL, announced by resolution that it was temporarily suspending mining activities above the elevation of 4,400 meters above sea level while stability studies of the Cerro Rico mountain are undertaken. The Company holds rights to mine above this elevation under valid contracts with COMIBOL as well as under authorized contracts with local mining cooperatives that hold their rights under contract themselves with COMIBOL. The Company temporarily adjusted its mine plan to confine mining activities to the ore deposits below 4,400 meters above sea level and timely notified COMIBOL of the need to lift the restriction.

The Cooperative Reserva Fiscal, with which the Company has one of those contracts, subsequently interpreted the COMIBOL resolution and determined that the Huacajchi deposit was not covered by such resolution. In March 2010, the Cooperative Reserva Fiscal notified COMIBOL that, based on its interpretation, it was resuming mining of high grade material above the 4,400 meter level in the Huacajchi deposit. In December 2011, the Cooperative Reserva Fiscal sent a similar notification to COMIBOL with respect to a further area above the 4,400 meter level known as Huacajchi Sur. Based on these notifications and on the absence of any objection from COMIBOL, the Company resumed mining operations at the San Bartolomé mine on the Huacajchi deposit and Huacajchi Sur. Mining in other areas above the 4,400 meter level continues to be suspended.

The partial suspension may reduce production until the Company is able to resume mining above 4,400 meters generally. It is uncertain at this time how long the suspension will remain in place. In addition, it is possible that COMIBOL may decide that the Company's operations at the Huacajchi deposit or Huacajchi Sur are subject to the COMIBOL resolution, which may force the Company to cease mining at such deposits. If COMIBOL objects to the Company mining at the Huacajchi deposit or Huacajchi Sur or if the other restrictions are not lifted, the Company may need to write down the carrying value of the asset. It is also uncertain if any new mining or investment policies or shifts in political attitude may affect mining in Bolivia.

Kensington Mine:

Production at Kensington during the first quarter of 2013 was 25,206 ounces of gold, as compared to 7,444 ounces of gold for the same time period of 2012, which was affected by the temporary scale back in production from November of 2011 until April 2012 to allow for the completion of several critical underground and surface infrastructure projects.

Total cash operating costs per ounce in the first quarter of 2013 were $1,055 as compared to $2,709 for the same time period during 2012.

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Continuous improvements at the mill resulted in a 96.2% recovery rate in the first quarter of 2013 compared to 93.4% in the first quarter 2012.

Rochester Mine:

Production was 0.6 million ounces of silver and 8,742 ounces of gold during the first quarter of 2013 compared to 0.4 million ounces of silver and 5,292 ounces of gold in the first quarter of 2012. Production costs applicable to sales increased to $21.5 million during the first quarter of 2013, as compared to $9.6 million during the same time period in 2012 due to the increase in production. Total cash operating costs per silver ounce in the first quarter of 2013 were $13.54 and total cash costs per silver ounce, including production taxes and royalties, were $16.24 in the first quarter of 2013 as compared to total cash operating costs per silver ounce of $23.35 and total cash costs per silver ounce of $24.75 in the first quarter of 2012.

In 2008, the Company commenced studies to investigate the potential to recommence mining and leaching of new material and in 2009 and 2010 completed feasibility studies demonstrating the viability of an expansion of mining and leaching operations at the mine through 2017. The Company prepared an Amended Plan of Operations for resumption of mining within the existing and permitted Rochester pit and construction of an additional heap leach pad, all within the currently permitted mine boundary. The Bureau of Land Management (BLM) deemed this plan complete in August 2009 under federal regulations and initiated the National Environmental Policy Act process. The BLM issued a positive Decision Record (DR) for the mine to extend silver and gold mining operations by several years. The Company began to recover new production ounces in the fourth quarter of 2011.

Endeavor Mine:

Silver production at the Endeavor mine in the first quarter of 2013 was 0.1 million ounces compared to 0.2 million ounces in the first quarter of 2012. Production costs applicable to sales were $1.3 million for the quarter compared to $2.7 million in the first quarter of 2012. Total cash costs per ounce of silver produced were $17.30 in the first quarter of 2013 compared to $16.64 in the first quarter of 2012.

As of March 31, 2013, CDE Australia Pty Ltd had recovered approximately 102% of the original transaction consideration to acquire the silver stream, consisting of 4.3 million payable ounces, or 21.5% of the 20.0 million maximum payable silver ounces to which CDE Australia Pty. Ltd is entitled under the terms of the silver sale and purchase agreement.

Minority Investments in Silver and Gold Development Companies

Between January 1, 2011 and March 31, 2013, the Company made strategic minority investments in eight silver and gold development companies in North and South America as part of its business growth strategy. Coeur made such investments in Apogee Silver Ltd; Caracara Silver Peru, Inc.; Huldra Silver, Inc.; Silver Bull Resources, Inc.; Soltoro Ltd.; Pershing Gold Corporation; International Northair Mines Ltd; and Commonwealth Silver and Gold Mining, Inc. As of March 31, 2013, the Company's investments in these companies had an estimated fair value of $23.5 million.

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Operating Statistics from Continuing Operations

The following table presents information by mine and consolidated sales information for the three month periods ended March 31, 2013 and 2012:

	Three months ended March 31,
	2013			2012
Silver Operations:
Palmarejo
Tons milled	573,170			528,543
Ore grade/Ag oz	3.65			6.12
Ore grade/Au oz	0.04			0.06
Recovery/Ag oz(F)	78.8		%	76.8		%
Recovery/Au oz(F)	90.1		%	93.3		%
Silver production ounces	1,646,397			2,482,814
Gold production ounces	22,965			31,081
Cash operating cost/oz	$	2.20		$	(2.27	)
Cash cost/oz	$	2.20		$	(2.27	)
Total production cost/oz	$	20.14		$	13.04
San Bartolomé
Tons milled	374,985			378,104
Ore grade/Ag oz	4.09			4.62
Recovery/Ag oz(F)	90.6		%	91.2		%
Silver production ounces	1,391,099			1,591,292
Cash operating cost/oz	$	13.27		$	10.21
Cash cost/oz	$	14.32		$	11.49
Total production cost/oz	$	18.13		$	14.02
Martha
Tons milled	—			34,069
Ore grade/Ag oz	—			4.43
Ore grade/Au oz	—			0.01
Recovery/Ag oz(F)	—		%	81.4		%
Recovery/Au oz(F)	—		%	64.6		%
Silver production ounces	—			122,793
Gold production ounces	—			84
Cash operating cost/oz	$	—		$	46.48
Cash cost/oz	$	—		$	47.15
Total production cost/oz	$	—		$	51.85
Rochester(A)
Tons milled	2,439,757			2,009,518
Ore grade/Ag oz	0.52			0.55
Ore grade/Au oz	0.003			0.004
Recovery/Ag oz(G)	50.8		%	40.2		%
Recovery/Au oz(G)	108.6		%	62.1		%
Silver production ounces	647,589			441,337
Gold production ounces	8,742			5,292
Cash operating cost/oz	$	13.54		$	23.35
Cash cost/oz	$	16.24		$	24.75
Total production cost/oz	$	19.61		$	28.67

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	Three months ended March 31,
	2013			2012
Endeavor
Tons milled	194,519			195,846
Ore grade/Ag oz	1.61			3.35
Recovery/Ag oz(F)	47.8		%	37.8		%
Silver production ounces	149,594			247,958
Cash operating cost/oz	$	17.30		$	16.64
Cash cost/oz	$	17.30		$	16.64
Total production cost/oz	$	22.81		$	23.27
Gold Operation:
Kensington
Tons milled	129,057			43,936
Ore grade/Au oz	0.20			0.18
Recovery/Au oz(F)	96.2		%	93.4		%
Gold production ounces	25,206			7,444
Cash operating cost/oz	$	1,055		$	2,709
Cash cost/oz	$	1,055		$	2,709
Total production cost/oz	$	1,586		$	3,598
CONSOLIDATED PRODUCTION TOTALS (B)
Total silver ounces	3,834,679			4,886,194
Total gold ounces	56,913			43,901
Silver Operations:(C)
Cash operating cost per oz - silver	$	8.73		$	6.29
Cash cost per oz - silver	$	9.56		$	6.85
Total production cost oz - silver	$	19.43		$	16.26
Gold Operation:(D)
Cash operating cost per oz - gold	$	1,055		$	2,709
Cash cost per oz - gold	$	1,055		$	2,709
Total production cost per oz - gold	$	1,586		$	3,598
CONSOLIDATED SALES TOTALS(E)
Silver ounces sold	3,076,535			4,290,049
Gold ounces sold	51,926			38,884
Realized price per silver ounce	$	30.30		$	32.61
Realized price per gold ounce	$	1,630		$	1,702

^(A)  The Rochester mine recommenced production in the fourth quarter of 2011. The leach cycle at Rochester requires five to ten years to recover gold and silver contained in the ore. The Company estimates the ultimate recovery to be approximately 61% for silver and 92% for gold. However, ultimate recoveries will not be known until leaching operations cease, which is currently estimated for 2017. Current recovery may vary significantly from ultimate recovery. See Critical Accounting Policies and Estimates – Ore on Leach Pad in the Company’s Form 10-K for the year ended December 31, 2012.

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

^(C)  Amount includes by-product gold credits deducted in computing cash costs per ounce.

^(D)  Amounts reflect Kensington per ounce statistics only.

^(E)  Units sold at realized metal prices will not match reported metal sales due primarily to the effects on revenues of mark-to-market adjustments on embedded derivatives in the Company’s provisionally priced sales contracts.

(F) Recoveries are affected by timing inherent in the leaching process.

(G) Recoveries at Rochester are affected by residual leaching on Stage IV and timing differences inherent in the heap leaching process.

“Cash Operating Costs per Ounce” and “Cash Costs per Ounce” are calculated by dividing the operating cash costs and cash costs computed for each of the Company’s mining properties for a specified period by the amount of gold ounces or silver ounces produced by that property during that same period. Management uses cash operating costs per ounce and cash costs per ounce as

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key indicators of the profitability of each of its mining properties. Gold and silver are sold and priced in the world financial markets on a U.S. dollar per ounce basis.

“Cash Operating Costs” and “Cash Costs” are costs directly related to the physical activities of producing silver and gold, and include mining, processing and other plant costs, third-party refining and smelting costs, marketing expenses, on-site general and administrative costs, royalties, in-mine drilling expenditures related to production and other direct costs. Produced by-product metal units at the average market price is deducted from the above in computing cash costs. Cash costs exclude depreciation, depletion and amortization, accretion, corporate general and administrative expenses, exploration, interest, and pre-feasibility costs. Cash operating costs include all cash costs except production taxes and royalties, if applicable. Cash costs are calculated and presented using the “Gold Institute Production Cost Standard” applied consistently for all periods presented.

Total cash operating costs and cash costs per ounce are non-U.S. GAAP measures and investors are cautioned not to place undue reliance on them and are urged to read all U.S. GAAP accounting disclosures presented in the consolidated financial statements and accompanying footnotes. In addition, see the reconciliation of “cash costs” to production costs under “Reconciliation of Non-U.S. GAAP Cash Costs to U.S. GAAP Production Costs” set forth below. 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, cash costs and operating cash flow. 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 believe cash operating costs, cash costs and operating cash flow are important measures in assessing the Company's overall financial performance.

The following tables present a reconciliation between non-U.S. GAAP cash operating costs per ounce and cash costs per ounce to production costs applicable to sales including depreciation, depletion and amortization, which are calculated in accordance with U.S. GAAP:

Reconciliation of Non-U.S. GAAP Cash Costs to U.S. GAAP Production Costs Three months ended March 31, 2013
(In thousands except ounces and per ounce costs)	Palmarejo			San Bartolomé			Kensington			Rochester			Martha			Endeavor			Total
Total cash operating cost (Non-U.S. GAAP)	$	3,618		$	18,465		$	26,582		$	8,769		$	33		$	2,588		$	60,055
Royalties	—			1,452			—			1,025			—			—			2,477
Production taxes	—			—			—			725			—			—			725
Total cash costs (Non-U.S. GAAP)	$	3,618		$	19,917		$	26,582		$	10,519		$	33		$	2,588		$	63,257
Add/Subtract:
Third party smelting costs	—			—			(3,266		)	—			(33		)	(920		)	(4,219		)
By-product credit	37,263			—			—			14,288			—			—			51,551
Other adjustments	604			554			—			—			—			—			1,158
Change in inventory	(14,767		)	(4,793		)	248			(3,305		)	—			(347		)	(22,964		)
Depreciation, depletion and amortization	28,935			4,755			13,386			2,181			—			824			50,081
Production costs applicable to sales, including depreciation, depletion and amortization (U.S. GAAP)	$	55,653		$	20,433		$	36,950		$	23,683		$	—		$	2,145		$	138,864
Production of silver (ounces)	1,646,397			1,391,099			—			647,589			—			149,594			3,834,679
Cash operating cost per silver ounce	$	2.20		$	13.27		$	—		$	13.54		$	—		$	17.30		$	8.73
Cash costs per silver ounce	$	2.20		$	14.32		$	—		$	16.24		$	—		$	17.30		$	9.56
Production of gold (ounces)	—			—			25,206			—			—			—			25,206
Cash operating cost per gold ounce	$	—		$	—		$	1,055		$	—		$	—		$	—		$	1,055
Cash cost per gold ounce	$	—		$	—		$	1,055		$	—		$	—		$	—		$	1,055

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Reconciliation of Non-U.S. GAAP Cash Costs to U.S. GAAP Production Costs Three months ended March 31, 2012
(In thousands except ounces and per ounce costs)	Palmarejo			San Bartolomé			Kensington			Rochester			Martha			Endeavor			Total
Total cash operating cost (Non-U.S. GAAP)	$	(5,643	)	$	16,253		$	20,168		$	10,303		$	5,708		$	4,127		$	50,916
Royalties	—			2,036			—			609			82			—			2,727
Production taxes	—			—			—			12			—			—			12
Total cash costs (Non-U.S. GAAP)	$	(5,643	)	$	18,289		$	20,168		$	10,924		$	5,790		$	4,127		$	53,655
Add/Subtract:
Third party smelting costs	—			—			(1,083		)	—			(1,975		)	(788		)	(3,846		)
By-product credit	52,526			—			—			8,957			141			—			61,624
Other adjustments	244			(194		)	7			87			57			—			201
Change in inventory	(1,268		)	(4,487		)	(2,001		)	(10,403		)	(320		)	(601		)	(19,080		)
Depreciation, depletion and amortization	37,761			4,219			6,604			1,642			520			1,644			52,390
Production costs applicable to sales, including depreciation, depletion and amortization (U.S. GAAP)	$	83,620		$	17,827		$	23,695		$	11,207		$	4,213		$	4,382		$	144,944
Production of silver (ounces)	2,482,814			1,591,292			—			441,337			122,793			247,958			4,886,194
Cash operating cost per silver ounce	$	(2.27	)	$	10.21		$	—		$	23.35		$	46.48		$	16.64		$	6.29
Cash costs per silver ounce	$	(2.27	)	$	11.49		$	—		$	24.75		$	47.15		$	16.64		$	6.85
Production of gold (ounces)	—			—			7,444			—			—			—			7,444
Cash operating cost per gold ounce	$	—		$	—		$	2,709		$	—		$	—		$	—		$	2,709
Cash cost per gold ounce	$	—		$	—		$	2,709		$	—		$	—		$	—		$	2,709

Gold is accounted for as a by-product credit at the Palmarejo and Rochester mines whereby revenues from gold are deducted from operating costs in the calculation of cash costs per ounce.  Significant by-product credits are due in part to gold production and an increase in price over the last three years.  For the three months ended March 31, 2013 and 2012, gold by-products credits for Palmarejo were approximately $22.63 and $21.16 per silver ounce, respectively, and gold by-product credits for Rochester were $22.06 and $20.30 per silver ounce, respectively.  If the Company's accounting policy was changed to treat gold as a co-product, the following costs per ounce would be reported:

	Three months ended March 31,
	2013
	Palmarejo	Rochester
Total cash operating costs	$40,881	$23,057
Total cash costs	$40,881	$24,807
Revenue
Silver	59%	55%
Gold	41%	45%
Ounces produced
Silver	1,646,397	647,589
Gold	22,965	8,742
Total cash operating costs per ounce
Silver	$14.64	$19.49
Gold	$731	$1,194
Total cash costs per ounce
Silver	$14.64	$20.97
Gold	$731	$1,284

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	Three months ended March 31,
	2012
	Palmarejo	Rochester
Total cash operating costs	$46,883	$19,261
Total cash costs	$46,883	$19,882
Revenue
Silver	60%	71%
Gold	40%	29%
Ounces produced
Silver	2,482,814	441,337
Gold	31,081	5,292
Total cash operating costs per ounce
Silver	$11.35	$31.07
Gold	$602	$1,049
Total cash costs per ounce
Silver	$11.35	$32.07
Gold	$602	$1,083

Exploration Activity

During the first quarter, the Company invested $6.8 million in expensed exploration for discovery of new mineralization and $1.7 million in capitalized exploration for definition of new mineralization, completing nearly 138,000 feet (42,000 meters) of drilling and trenching.

Coeur's exploration program utilized up to 10 drill rigs and a trenching crew: four drills at Palmarejo, three at Kensington (including one drill devoted to definition drilling), two in Argentina (Joaquin and Lejano projects), one at Rochester and the trenching crew at San Bartolomé.

Palmarejo

• Drilling for discoveries of new mineralization was conducted around the Palmarejo surface and underground mines to test new targets generated in 2012. The most significant results received in the first quarter were the footwall and at depth extension of the known Tucson-Chapotillo deposit.

• Drilling was performed underground on the 108 zone at Palmarejo and on the surface at the Las Animas zone at the southeastern part of the Guadalupe deposit to upgrade the confidence of and extend the known mineralized zones. Results received from both areas have been largely favorable and are expected to extend and upgrade the current mineralization at the 108 zone and at Las Animas.The third phase of metallurgical sampling continued at La Patria to test the amenability of the current mineralized zones to cyanidation recovery methods. Construction of a model of the metallurgical rock types - oxide, mixed and sulfide - commenced, which is expected to enable the Company to match metallurgical responses to deposit geology.

Kensington

• Drilling during the first quarter was mostly devoted to production definition drilling in order to develop stoping (mining) blocks from year-end reserves.

• Exploration drilling focused on upgrading and expanding existing mineralized zones to be used in subsequent reserve estimation, mostly at zones 10 and 50 of the main Kensington deposit.

• In addition, drilling was performed at the Comet target, a zone of gold-bearing quartz and sulfide veining situated about 5,000 feet (1,500 meters) southeast of the Raven deposit. Assays are pending.

• New assay results from the Kensington South zone drilled in the fourth quarter of 2012 showed potential for Kensington-style mineralization from this large, relatively untested area. Kensington South is situated south of the main Kensington deposit. To facilitate future drilling, construction of a new cross-cut drift began in the first quarter with completion of 430 feet (131 meters) of the planned 700 feet (213 meters).

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Rochester

• Continuing the exploration focus of 2012, drilling was performed to define grades and tons of existing stockpiles. In the first quarter, over 27,600 feet (8,400 meters) of reverse circulation rotary drilling was completed on two of the stockpiles, called South and Limerick, with favorable results reported.

• Drilling is also planned for the West and Charlie stockpiles during 2013. This work, along with metallurgical sampling, is expected to continue throughout most of this year.

San Bartolomé

• All of the work in the first quarter was devoted to upgrade the confidence of and extend known mineralization of the Pucka Loma zone in the northwest sector of the San Bartolomé mine area.

• The next stage of work planned is to prepare a new model of the mineralization to be used in reserve estimation. To date, two-thirds of the completed trenches encountered bedrock at the base of the gravel (“pallaco”) mineralized layers. The remainder represents an opportunity to extend the thickness of the mineralized gravels, which remain open at depth.

• Exploration trenching is planned now to shift to new targets around the mine.

Argentina

• Drilling was devoted to testing new targets at the Joaquin project, north and northwest of the two known deposits, La Negra and La Morocha, and at the Lejano project. Both projects are located in the Santa Cruz province of Argentina. Results are pending. At the end of the quarter all planned drilling had been completed.

• A ground geophysical survey (CSAMT) commenced on the Company's Tornado property, also located in Santa Cruz, which is expected to assist in future drill targeting.

• In the coming months, work is planned to focus on refining the geological models of the La Negra, La Morocha and Lejano deposits to support ongoing metallurgical testing, and focus on detailed mapping and sampling of new targets defined in the central and western portions of the extensive Joaquin property.

Critical Accounting Policies and Estimates

Use of Estimates: The preparation of the Company’s consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in their consolidated financial statements and accompanying notes. The areas requiring significant management estimates and assumptions relate to: recoverable ounces from proven and probable reserves that are the basis of future cash flow estimates and units-of-production depreciation and amortization calculations; useful lives utilized for depreciation, depletion and amortization; estimates of future cash flows for long-lived assets; estimates of recoverable gold and silver ounces in ore on leach pad; amount and timing of reclamation and remediation costs; valuation allowance for deferred tax assets; assessment of valuation allowance for value added tax receivables; and other employee benefit liabilities.

Please see Note 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES contained in the Company’s Form 10-K for the year ended December 31, 2012 for additional critical accounting policies and estimates.

RESULTS OF OPERATIONS

Three Months Ended March 31, 2013 Compared to Three Months Ended March 31, 2012

Sales of metal from continuing operations in the first quarter of 2013 decreased by 16.0% to $171.8 million from $204.6 million in the first quarter of 2012. The decrease in sales of metal was due to a decrease in silver ounces sold and a decrease in the realized price per ounce of silver and gold. In the first quarter of 2013, the Company sold 3.1 million ounces of silver and 51,926 ounces of gold compared to 4.3 million ounces of silver and 38,884 ounces of gold for the same period in 2012. Realized silver and gold prices in the first quarter of 2013 decreased 7.1% and 4.2%, respectively, over the first quarter 2012. Realized silver and gold prices were $30.30 and $1,630 per ounce, respectively, in the first quarter of 2013, compared to $32.61 and $1,702 per ounce, respectively, in the comparable quarter of 2012.

Included in sales of metals are the by-product sales derived from the sale of gold by the Company's silver mines. Total gold sales for the three months ended March 31, 2013 and 2012 were $80.0 million and $65.3 million, respectively. Of those totals, by-product metal sales in the same periods were $40.7 million and to $54.8 million, respectively.

In the first quarter of 2013, the Company produced a total of 3.8 million ounces of silver and 56,913 ounces of gold, compared to 4.9 million ounces of silver and 43,901 ounces of gold in the first quarter of 2012. The decrease in silver production is primarily due to decreased production at the Palmarejo and San Bartolomé mines. The decrease at Palmarejo was the result of lower grade ore processed from both open pit and underground operations compared to the same time period in 2012. The reduction at San Bartolomé was due to lower silver ore grades.

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While quarterly sales of metal declined 16.0%, production costs applicable to sales of metal decreased from $92.6 million in the first quarter of 2012 to $88.8 million in the first quarter of 2013 as a result of the decrease in ounces sold.

Depreciation, depletion, and amortization decreased by $2.2 million, from $52.6 million to $50.4 million, compared to the first quarter of 2012, as a result of decreased depletion at Palmarejo due to a decrease in volume. This was offset by increased depreciation at Palmarejo, Kensington, and Rochester from new projects that have been completed and placed in service this year.

Costs and Expenses

Administrative and general expenses increased by $2.6 million or 34.6% during the three months ended March 31, 2013 compared to the same time period in 2012. The increase was primarily due to increased legal and finance related expenses and consulting and recruiting expenses related to the relocation of employees.

Exploration expenses increased to $6.8 million in the first quarter of 2013 compared to $6.6 million in the same period of 2012 primarily due to increased exploration activity at the Palmarejo, Kensington and Rochester mines, and at the Joaquin and Lejano projects.

Other Income and Expenses

Non-cash fair value adjustments, net in the three months ended March 31, 2013 were a gain of $17.8 million compared to a loss of $23.1 million in the first quarter of 2012. These fair value adjustments are driven primarily by changing forward gold prices which impact the estimated future liabilities related to the Palmarejo gold production royalty obligation.

Interest income and other decreased by $1.2 million to $3.8 million in the first quarter of 2013 compared with $5.0 million in the first quarter of 2012. The decrease was primarily due to reductions in foreign currency gains on revaluation of foreign denominated accounts offset slightly by gains recognized on the sale of various assets in 2013.

Interest expense, net of capitalized interest, increased to $9.7 million in the first quarter of 2013 from $6.7 million in the first quarter of 2012. The increase is primarily due to an increase in total debt outstanding as a result of issuing the 7.875% Senior Notes.

Income Taxes

For the three months ended March 31, 2013, the Company reported an income tax provision of approximately $10.5 million compared to an income tax provision of $15.4 million for the same time period in 2012. The following table summarizes the components of the Company’s income tax provision from continuing operations for the three months ended March 31, 2013 and 2012 (in thousands):

	Three months ended March 31,
	2013			2012
United States	$	(2,487	)	$	(3,137	)
Argentina	73			(201		)
Australia	(105		)	(711		)
Mexico	(3,673		)	(3,698		)
Bolivia	(4,328		)	(7,689		)
Income tax provision	$	(10,520	)	$	(15,436	)

During the three months ended March 31, 2013, the Company recognized a current provision primarily related to higher metal prices and inflation adjustments on non-monetary assets. Also as a result of an audit of the 2009 Bolivian tax return, the Company has recognized an additional $1.5 million of tax expense, including interest and penalties, related to uncertainty in similar tax positions. In addition, the Company recognized a net $7.6 million deferred tax provision for the recognition of deferred taxes on deductible temporary differences, foreign exchange rate adjustments and net operating loss carryforwards in various jurisdictions (principally in Bolivia and Mexico).

During the three months ended March 31, 2012, the Company recognized a current provision in Bolivia, Mexico and Australia primarily related to higher metal prices and inflationary adjustments on non-monetary assets. In addition, the Company recognized a net $7.7 million deferred tax provision for the recognition of deferred taxes on deductible temporary differences, foreign exchange rate adjustments and net operating loss carryforwards in various jurisdictions (principally in Bolivia and Mexico).

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LIQUIDITY AND CAPITAL RESOURCES

Liquidity

Working Capital; Cash and Cash Equivalents

As of March 31, 2013, the Company’s cash, cash equivalents and short-term investments totaled $332.8 million compared to $126.4 million as of December 31, 2012.

The Company’s working capital increased by $314.1 million between December 31, 2012 and March 31, 2013 to $482.0 million, compared to $167.9 million at December 31, 2012. The ratio of current assets to current liabilities was 4.10 to 1 at March 31, 2013 and was 1.70 to 1 at December 31, 2012. The increase was primarily attributable to the proceeds from the offering of the 7.875% Senior Notes due 2021, which are classified as long-term liabilities.

The Company intends to reinvest indefinitely a portion of its earnings from its Palmarejo operations in Mexico. Accordingly, U.S. and non-U.S. income and withholding taxes for which deferred taxes might otherwise be required, have not been provided on a cumulative amount of temporary differences (including, for this purpose, any difference between the tax basis in the stock of a consolidated subsidiary and the amount of the subsidiary’s net equity determined for financial reporting purposes) related to investments in foreign subsidiaries of approximately $170.0 million for the three months ended March 31, 2013 and the year ended December 31, 2012. The additional U.S. and non-U.S. income and withholding tax that would arise on the reversal of the temporary differences could be offset in part, by tax credits. Because the determination of the amount of available tax credits and the limitations imposed on the annual utilization of such credits are subject to a highly complex series of calculations and expense allocations, it is impractical to estimate the amount of net income and withholding tax that might be payable if a reversal of temporary differences occurred. The Company does not believe that the amounts permanently reinvested will have a material impact on liquidity.

Cash Provided by Operating Activities

Excluding changes in operating assets and liabilities, the Company’s operating cash flow consisted of the following:

	Three months ended March 31,
	2013			2012
	(In thousands)
CASH PROVIDED BY OPERATING ACTIVITIES	$	12,934		$	17,002
Changes in operating assets and liabilities:
Receivables and other current assets	(3,968		)	2,956
Prepaid expenses and other	2,240			(4,774		)
Inventories	20,493			24,722
Accounts payable and accrued liabilities	27,025			53,929
Operating cash flow (Non GAAP)	$	58,724		$	93,835

Cash Used in Investing Activities

Net cash used in investing activities in the three months ended March 31, 2013 was $23.3 million, compared to $12.5 million in the three months ended March 31, 2012. The increase was primarily the result of decreased proceeds from maturities of short term investments.

The Company spent $12.8 million on capital expenditures in the first quarter of 2013, compared with $31.6 million during the same time period last year. Capital expenditures in the first quarter were primarily related to capitalized drilling and development of the Guadalupe satellite underground mine; underground development at Palmarejo, underground development at Kensington, and the stage 3 leach pad, metal removal system, and crusher at Rochester.

The Company also provided $11.6 million to Orko as an advance toward settling the break fee obligation Orko had under a prior agreement to be acquired by a third party.

Cash Used in Financing Activities

Net cash provided by financing activities during the three months ended March 31, 2013 was $216.2 million compared to net cash used of $27.7 million for the same time period last year. The increase in cash provided by financing activities is primarily the result of the proceeds from the offering of the 7.875% Senior Notes. During the three months ended March 31, 2013, the Company paid $70.8 million to reduce existing debt and royalty obligations, primarily repurchasing $43.3 million in aggregate

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principal amount of the 3.25% Convertible Senior Notes due 2028 and paying down the minimum obligation under the Palmarejo gold production royalty.

Debt and Capital Resources

7.875% Senior Notes due 2021

On January 29, 2013, the Company completed an offering of $300 million in aggregate principal amount of 7.875% Senior Notes due 2021 (the “Notes”) in a private placement conducted pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). As of March 31, 2013, the outstanding balance of the Notes was $300.0 million.

The Notes are governed by an Indenture, dated as of January 29, 2013 (the “Indenture”), among the Company, as issuer, certain of the Company's subsidiaries named therein, as guarantors thereto (the “Guarantors”), and The Bank of New York Mellon, as trustee (the “Trustee”).

The Notes bear interest at a rate of 7.875% per year from the date of original issuance or from the most recent payment date to which interest has been paid or provided for. Interest on the Notes is payable semi-annually in arrears on February 1 and August 1 of each year, commencing on August 1, 2013. The Company will make each interest payment to the holders of record of the Notes on the immediately preceding January 15 and July 15. In certain circumstances the Company may be required to pay additional interest. For the three months ended March 31, 2013 interest expense recognized was $4.1 million.

At any time prior to February 1, 2017, the Company may redeem all or part of the Notes upon not less than 30 nor more than 60 days prior notice at a redemption price equal to the sum of (i) 100% of the principal amount thereof, plus (ii) a make-whole premium as of the date of redemption, plus (iii) accrued and unpaid interest and additional interest, if any, thereon, to the date of redemption. In addition, the Company may redeem some or all of the Notes on or after February 1, 2017, at redemption prices set forth in the Indenture, together with accrued and unpaid interest. At any time prior to February 1, 2016, the Company may use the proceeds of certain equity offerings to redeem up to 35% of the aggregate principal amount of the Notes, including any permitted additional Notes, at a redemption price equal to 107.875% of the principal amount.

The terms of the notes include affirmative and negative covenants that the Company believes are usual and customary, including covenants that restrict the ability of the Company and its subsidiaries to incur additional debt, incur or permit liens on assets, make investments and acquisitions, consolidate or merge with any other company, engage in asset sales, pay dividends and distributions or repurchase or redeem capital stock, restrict the ability of subsidiaries to pay dividends to the Company, prepay, redeem or repurchase certain debt, or enter into transactions with affiliates. 

The Indenture also contains certain “Events of Default” (as defined in the Indenture) customary for indentures of this type. If an Event of Default has occurred and is continuing, the Trustee or the holders of not less than 25% in aggregate principal amount of the Notes then outstanding may, and the Trustee at the request of the holders of not less than 25% in aggregate principal amount of the Notes then outstanding shall, declare all unpaid principal of, premium, if any, and accrued interest on all the Notes to be due and payable.

Revolving Credit Facility

On August 1, 2012, Coeur Alaska, Inc. and Coeur Rochester, Inc. (the “Borrowers”), each a wholly-owned subsidiary of the Company, entered into a Credit Agreement (the “Credit Agreement”) by and among the Company, the Borrowers, the lenders party thereto and Wells Fargo Bank, N.A., as administrative agent. The Credit Agreement provides for a senior secured revolving credit facility (the “Revolving Credit Facility”) in an aggregate principal amount of up to $100.0 million, which principal amount may be increased, subject to receiving additional commitments therefor, by up to $50.0 million. There is a quarterly commitment fee of 0.1% on the unused portion of the line. The unused line fee for the three months ended March 31, 2013 was $0.1 million and was charged to interest expense.

The term of the Revolving Credit Facility is four years. Amounts may be borrowed under the Revolving Credit Facility to finance working capital and general corporate purposes of the Company and its subsidiaries, including the payment of fees and expenses incurred in connection with the Revolving Credit Facility. The obligations under the Revolving Credit Facility would be secured by substantially all of the assets of the Company and its domestic subsidiaries, including the land, mineral rights and infrastructure at the Kensington and Rochester mines, as well as a pledge of the shares of certain of the Company's subsidiaries. In addition, in connection with the Revolving Credit Facility, Coeur Alaska, Inc. transferred its existing hedge positions established under the Kensington Term Facility, to Wells Fargo Bank, N.A. as hedge provider.

Borrowings under the Revolving Credit Facility would bear interest at a rate selected by the Borrowers equal to either LIBOR plus a margin of 2.25%-3.25% or an alternate base rate plus a margin of 1.25%-2.25%, with the margin determined by reference to the Company's ratio of consolidated debt to adjusted EBITDA.

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Voluntary prepayments of the loans and voluntary reductions of the unutilized portion of the commitments under the Revolving Credit Facility are permitted without prepayment premium or penalty, subject to payment of customary LIBOR breakage costs. Amounts so repaid may be re-borrowed subject to customary requirements.

The Revolving Credit Facility contains representations and warranties, events of default and affirmative and negative covenants that the Company believes are usual and customary, including covenants that, among other things, restrict the ability of the Company and its subsidiaries to incur additional debt, incur or permit liens on assets, make investments and acquisitions, consolidate or merge with any other company, engage in asset sales and make dividends and distributions. The Revolving Credit Facility also contains financial covenants that require (i) ratio of consolidated debt to adjusted EBITDA to be not greater than 3.25 to 1.00 (subject to a step-down to 3.00 to 1.00 after two years), (ii) ratio of adjusted EBITDA to interest expense to be not less than 3.00 to 1.00 and (iii) tangible net worth to be not less than 90% of tangible net worth as of March 31, 2012 plus 25% of net income for each fiscal quarter ending after March 31, 2012 to the date of measurement.

As of March 31, 2013, no amounts have been drawn.

3.25% Convertible Senior Notes due 2028

Per the indenture governing the 3.25% Convertible Senior Notes due 2028 (the “Convertible Notes”), the Company announced on February 13, 2013 that it was offering to repurchase all of its outstanding Convertible Notes. As of February 12, 2013, there was $48.7 million aggregate principal amount of Convertible Notes outstanding. The Company repurchased $43.3 million in aggregate principal amount, leaving a balance of $5.3 million at March 31, 2013.

    The fair value of the notes outstanding, as determined by market transactions at March 31, 2013 and December 31, 2012 was $5.4 million and $48.2 million, respectively. The carrying value of the equity component at March 31, 2013 and December 31, 2012 was $10.9 million.

For the three months ended March 31, 2013 and 2012, interest expense recognized was $0.3 million and $0.4 million, respectively. For the three months ended March 31, 2013 and 2012 accretion of the debt discount was $0.6 million and $0.6, respectively. The effective interest rate on the notes was 8.9%.

Each holder of the Convertible Notes may require that the Company repurchase some or all of the holder’s notes on March 15, 2015, March 15, 2018 and March 15, 2023 at a repurchase price equal to 100% of the principal amount of the notes to be repurchased, plus accrued and unpaid interest, in cash, shares of common stock or a combination of cash and shares of common stock, at the Company’s election. Holders would also have the right, following certain fundamental change transactions, to require the Company to repurchase all or any part of their notes for cash at a repurchase price equal to 100% of the principal amount of the notes to be repurchased plus accrued and unpaid interest. The Company may redeem the notes for cash in whole or in part at any time on or after March 22, 2015 at 100% of the principal amount of the notes to be redeemed plus accrued and unpaid interest.

The Convertible Notes provide for “net share settlement” of any conversions. Pursuant to this feature, upon conversion of the notes, the Company (1) would pay the note holder an amount in cash equal to the lesser of the conversion obligation or the principal amount of the notes and (2) would settle any excess of the conversion obligation above the notes’ principal amount in the Company’s common stock, cash or a combination thereof, at the Company’s election.

The Convertible Notes are convertible under certain circumstances, as defined in the indenture, at the holder’s option, at an initial conversion rate of 17.60254 shares of the Company’s common stock per $1,000 principal amount of notes, which is equivalent to an initial conversion price of approximately $56.81 per share, subject to adjustment in certain circumstances.

Kensington Term Facility

On August 16, 2012, Coeur Alaska prepaid all obligations and indebtedness outstanding under the Term Facility Agreement dated October 27, 2009 by and among Coeur Alaska, Inc. and the Financial Institutions listed on schedule 1 thereto (the "Kensington Term Facility"), which totaled approximately $68.6 million. Upon payment in full, the Kensington Term Facility was terminated and all of the liens granted under the Kensington Term Facility were released.

As a condition to the Kensington Term Facility, the Company agreed to enter into a gold hedging program which protects a minimum of 243,750 ounces of gold production over the life of the facility against the risk associated with fluctuations in the market price of gold. This program consists of a series of zero cost collars which consist of a floor price and a ceiling price of gold. Coeur Alaska has transferred these hedge positions to Wells Fargo Bank, N.A., as hedge provider. Call options protecting 92,000 ounces of gold were outstanding at March 31, 2013. The weighted average strike price of the call options was $1,966.14. Put options protecting 109,500 ounces of gold were outstanding at March 31, 2013. The weighted average strike price of the put options was $973.14. Call options protecting 97,000 ounces of gold were outstanding at December 31, 2012. The weighted average strike price of the call options was $1,967.89. Put options protecting 122,000 ounces of gold were outstanding at December 31, 2012. The weighted average strike price of the put options was $967.86.

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Capital Lease Obligations

As of March 31, 2013 and December 31, 2012, the Company had outstanding balances on capital leases of $8.6 million and $11.4 million, respectively.

Palmarejo Gold Production Royalty Obligation

The Company recognized accretion expense on the Palmarejo gold production royalty obligation of $4.1 million and $5.1 million for the three months ended March 31, 2013 and 2012, respectively. As of March 31, 2013 and December 31, 2012, the remaining minimum obligation under the royalty agreement was $59.7 million and $61.9 million, respectively.

Capitalized Interest

The Company capitalizes interest incurred on its various debt instruments as a cost of properties under development. For the three months ended March 31, 2013 and 2012, the Company capitalized interest of $0.4 million and $1.1 million, respectively.

Litigation and Other Events

For a discussion of litigation and other events, see Note 19 to the Company’s Condensed Consolidated Financial Statements, Litigation and Other Events.

Item 3. Quantitative and Qualitative Disclosure about Market Risk

Risk Mitigation Overview

The Company is exposed to various market risks as a part of its operations. In an effort to mitigate losses associated with these risks, the Company may, at times, enter into derivative financial instruments. These may take the form of forward sales contracts, foreign currency exchange contracts and interest rate swaps. The Company does not actively engage in the practice of trading derivative instruments for profit. This discussion of the Company’s market risk assessments contains “forward looking statements” that are subject to risks and uncertainties. Actual results and actions could differ materially from those discussed below.

The Company’s operating results are substantially dependent upon the world market prices of silver and gold. The Company has no control over silver and gold prices, which can fluctuate widely and are affected by numerous factors, such as supply and demand and investor sentiment. From time to time, in order to mitigate some of the risk associated with these fluctuations, the Company may enter into forward sale contracts. The Company continually evaluates the potential benefits of engaging in these strategies based on current market conditions. The Company may be exposed to nonperformance risk by counterparties as a result of its hedging activities. This exposure would be limited to the amount that the spot price of the metal falls short of the contract price. The Company enters into contracts and other arrangements from time to time in an effort to reduce the negative effect of price changes on its cashflows. These arrangements typically consist of managing the Company’s exposure to foreign currency exchange rates and market prices associated with changes in gold and silver commodity prices. The Company also may manage price risk by purchasing put options.

Concentrate Sales Contracts

The Company enters into concentrate sales contracts with third-party smelters. The contracts, in general, provide for a provisional payment based upon provisional assays and quoted metal prices. The provisionally priced sales contain an embedded derivative that is required to be separated from the host contract for accounting purposes. The host contract is the receivable from the sale of concentrates at the forward price at the time of sale. The embedded derivative, which is the final settlement price based on a future price, does not qualify for hedge accounting. These embedded derivatives are recorded as derivative assets (in Prepaid expenses and other) or derivative liabilities (in Accrued liabilities and other) on the balance sheet and are adjusted to fair value through earnings each period until the date of final settlement. At March 31, 2013, the Company had outstanding provisionally priced sales of $30.1 million, consisting of 0.1 million ounces of silver and 15,685 ounces of gold, which had a fair value of $29.6 million including the embedded derivative. For each one cent per ounce change in realized silver price, revenue would vary (plus or minus) approximately $1,000; and for each one dollar per ounce change in realized gold price, revenue would vary (plus or minus) approximately $15,700. At December 31, 2012, the Company had outstanding provisionally priced sales of $33.2 million consisting of 0.4 million ounces of silver and 11,957 ounces of gold, which had a fair value of approximately $34.1 million including the embedded derivative. For each one cent per ounce change in realized silver price, revenue would vary (plus or minus) approximately $4,000 and for each one dollar per ounce change in realized gold price, revenue would vary (plus or minus) approximately $12,000.

Foreign Currency Contracts

The Company operates, or has mining interests, in several foreign countries, specifically Argentina, Australia, Bolivia and Mexico, which exposes the Company to risks associated with fluctuations in the exchange rates of the currencies involved. From time to time, as part of its program to manage foreign currency risk, the Company may enter into foreign currency forward exchange

42

contracts. These contracts enable the Company to purchase a fixed amount of foreign currencies at pre-established exchange rates. Gains and losses on foreign exchange contracts that are related to firm commitments are designated and effective as hedges and are deferred and recognized in the same period as the related transaction. The Company has no outstanding firm commitments at March 31, 2013. All other contracts that do not qualify as hedges are marked to market and the resulting gains or losses are recorded in income. The Company continually evaluates the potential benefits of entering into these contracts to mitigate foreign currency risk and proceeds when it believes that the exchange rates are most beneficial.

The Company periodically enters into forward foreign currency contracts to reduce the foreign exchange risk associated with forecasted Mexican peso (“MXN”) operating costs at its Palmarejo mine. At March 31, 2013, the Company had MXN foreign exchange contracts of $29.4 million in U.S. dollars. These contracts require the Company to exchange U.S. dollars for MXN at a weighted average exchange rate of 12.91 MXN to each U.S. dollar and had a fair value of $0.8 million at March 31, 2013. The Company recorded a mark-to-market gain of $0.7 million and $2.7 million for the three months ended March 31, 2013 and 2012, respectively. The mark-to-market gains are reflected in fair value adjustments, net. A 10% weakening of the MXN would result in an increase in fair value of $3.4 million. The Company recorded a realized gain of $0.6 million and a realized loss of $0.8 million in production costs applicable to sales during the three months ended March 31, 2013 and 2012, respectively.

In connection with the arrangement agreement entered into with Orko Silver Corp., the Company entered into a forward foreign currency contract in the first quarter of 2013 to reduce the foreign exchange risk associated with forecasted Canadian dollars ("CAD"). Please see Note 20 - SUBSEQUENT EVENTS for additional information. At March 31, 2013, the Company had a CAD foreign exchange contract of $100 million in U.S. dollars. This contract requires the Company to exchange U.S. dollars for CAD at an exchange rate of 1.0 CAD to each U.S. dollar and the contract had a fair value of $98.4 million at March 31, 2013. The Company recorded a mark-to-market loss on this contract of $1.6 million for the three months ended March 31, 2013. This mark-to-market adjustment is reflected in fair value adjustments, net.

Palmarejo Gold Production Royalty

On January 21, 2009, the Company entered into the gold production royalty transaction with Franco-Nevada Corporation. The minimum royalty obligation ends when payments have been made on a total of 400,000 ounces of gold. As of March 31, 2013, a total of 184,851 ounces of gold remain outstanding under the minimum royalty obligation. The price volatility associated with the minimum royalty obligation is considered an embedded derivative financial instrument under U.S. GAAP. The fair value of the embedded derivative at March 31, 2013 and December 31, 2012 was a liability of $121.6 million and $145.1 million, respectively. During the three months ended March 31, 2013 and 2012, the mark-to-market adjustments for this embedded derivative amounted to a gain of $23.5 million and a loss of $12.4 million, respectively. For the three months ended March 31, 2013 and 2012, realized losses on settlement of the liabilities were $9.1 million and $13.2 million, respectively. The mark-to-market adjustments and realized losses are included in fair value adjustments, net in the consolidated statement of operations.

For each $1.00 increase in the price of gold, the fair value of the net derivative liability at March 31, 2013 would have increased by approximately $0.2 million. For each $1.00 decrease in the price of gold, the fair value of the net derivative liability at March 31, 2013 would have decreased by approximately $0.2 million.

Gold Hedges

On March 31, 2013 the Company had outstanding call options requiring it to deliver 92,000 ounces of gold at a weighted average strike price of $1,966.14 per ounce if the market price of gold exceeds the strike price. At March 31, 2013, the Company had outstanding put options allowing it to sell 109,500 ounces of gold at a weighted average strike price of $973.14 per ounce if the market price of gold were to fall below the strike price. The contracts expire by their terms over the next four years. As of March 31, 2013 the fair market value of these contracts was a net liability of $4.5 million.

Additional information about the Company’s derivative financial instruments may be found in Note 15 to the Company’s Condensed Consolidated Financial Statements, Derivative Financial Instruments and Fair Value of Financial Instruments.

Item 4. Controls and Procedures

(a) Disclosure Controls and Procedures

As of the end of the period covered by this quarterly report, the Company carried out an evaluation, under the supervision and with the participation of the Company’s management, including its Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934 (the Exchange Act), and management necessarily applied its judgment in assessing the costs and benefits of such controls and procedures, which by their nature, can provide only reasonable assurance regarding management’s control objectives. The design of any system of controls is based in part upon certain assumptions about the likelihood of future events. Based upon the foregoing, the Company’s Chief Executive Officer and Chief Financial Officer concluded that the Company’s disclosure controls and procedures were effective and operating to provide reasonable

43

assurance that information required to be disclosed by it in the reports it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and to provide reasonable assurance that such information is accumulated and communicated to the Company’s management, including its Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

(b) Changes in Internal Control over Financial Reporting

Based on an evaluation by the Company’s Chief Executive Officer and Chief Financial Officer, such officers concluded that there was no change in the Company’s internal control over financial reporting during the quarter ended March 31, 2013 that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

PART II. Other Information

Item 1. Legal Proceedings

The information contained under Note 19 to the Company’s Condensed Consolidated Financial Statements in this Form 10-Q is incorporated herein by reference.

Item 1A. Risk Factors

Item 1A (Risk Factors) of the Company's Annual Report on Form 10-K for the year ended December 31, 2012 sets forth information relating to important risks and uncertainties that could materially adversely affect the Company's business, financial condition or operating results. Those risk factors continue to be relevant to an understanding of the Company's business, financial condition and operating results. In addition, those risk factors have been supplemented and updated in this Form 10-Q. Additional risks and uncertainties that we do not presently know or that we currently deem immaterial also may impair our business operations.

The Company's acquisition of Orko Silver Corp. and the La Preciosa primary silver project introduces significant risks as to development, operation and regulation.

As a development phase project, La Preciosa is subject to numerous risks.  These risks include uncertainty as to the ultimate extent, quality, grade and mineability of silver mineralization.  Further, the Company may be unable to complete project and environmental permitting within an economically acceptable time frame.  We cannot assure that the development of the La Preciosa project will continue in accordance with current expectations or at all. 

The preliminary economic assessment (“PEA”) for the La Preciosa project does not have sufficient certainty to constitute a pre-feasibility study or a feasibility study.  The PEA includes mineralized material that is considered too speculative geologically to have economic considerations applied to it that would enable it to be categorized as proven and probable reserves.  We cannot assure that the PEA will be realized or that the Company will ever be in a position to identify proven and probable reserves at the La Preciosa project.  In particular, the PEA uses estimated capital costs and operating costs which are based on factors including tonnage and grades of metal expected to be mined and processed and expected recovery rates, none of which has been completed to a pre-feasibility study or a feasibility study level.  Whether the Company completes a feasibility study on the La Preciosa project, and thereby identifies proven and probable reserves, depends on a number of factors, including the attributes of the deposit (including size, grade, geological formation and proximity to infrastructure), metal prices, government regulations (including with respect to taxes, royalties, land use, international trade and permitting) and environmental protections.  It is possible that proven and probable reserves will never be identified at the La Preciosa project, which would inhibit the Company's ability to develop the La Preciosa project into a commercial mining operation.

The Company plans to re-engineer the La Preciosa project as a large-tonnage, open pit operation in an effort to maximize annual production and mine life.  However, the Company may be unable to obtain the permits required for this re-engineering, or the Company may be unable to complete the re-engineering in a manner that complies with environmental laws.  Further, geological  or technological impediments to extraction and processing may render the re-engineering impracticable or uneconomic. 

As a result of these and related risks, actual cash operating costs and economic returns of the La Preciosa project may materially differ from the costs and returns estimated, and accordingly, the Company's financial condition, results of operations and cash flows may be negatively affected.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Issuer Purchases of Equity Securities

On June 7, 2012, the Company announced that its Board of Directors had approved a program to repurchase up to $100 million of the Company's common stock. Common stock repurchase activity during the first quarter of 2013, all of which was under the program announced on June 7, 2012, was as follows (in thousands, except per share amounts):

44

Period	Total Number of Shares Purchased	Average Price Paid Per Share	Dollar Value of Shares that May Yet Be Purchased Under the Plans
January 1, 2013 - January 31, 2013	—	$0.00	$80,052
February 1, 2013 - February 28, 2013	557.2	$19.30	$69,299
March 1, 2013 - March 31, 2013	98.3	$18.19	$67,511
Total	655.5	$19.13	$67,511

Item 4. Other Information

Mine Safety Disclosures

Information concerning any mine safety violations and other regulatory matters required by Section 1503(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act has been included in Exhibit 95.1 to this Quarterly Report on Form 10-Q.

45

Item 6. Exhibits

Exhibits
2.1	Arrangement Agreement, dated February 20, 2013, among Coeur d'Alene Mines Corporation, 0961994 B.C. Ltd. and Orko Silver Corp. (Incorporated herein by reference to Exhibit 2.1 to the Registrant's Current Report on Form 8-K filed on February 20, 2013).
2.2	Memorandum of Agreement, dated March 12, 2013, among Coeur d'Alene Mines Corporation, 0961994 B.C. Ltd. and Orko Silver Corp (Incorporated herein by reference to Exhibit 2.1 to the Registrant's Current Report on Form 8-K filed on March 13, 2013).
4.1	Indenture, dated January 29, 2013, among the Registrant, as issuer, certain subsidiaries of the Registrant, as guarantors thereto, and The Bank of New York Mellon, as trustee (Incorporated herein by reference to Exhibit 4.4 to the Registrant's Current Report on Form 10-K filed on February 22, 2013).
4.2	Registration Rights Agreement, dated January 29, 2013, among the Registrant, certain subsidiaries of the Registrant, and Barclays Capital Inc. (Incorporated herein by reference to Exhibit 4.2 to the Registrant's Current Report on Form 8-K filed on January 29, 2013).
10.1	Offer letter dated February 4, 2013 from the Company to Frank L. Hanagarne, Jr. (Incorporated herein by reference to Exhibit 10.1 to the Registrant's Current Report on Form 8-K filed on February 7, 2013).
31.1	Certification of the CEO
31.2	Certification of the CFO
32.1	Certification of the CEO (18 U.S.C. Section 1350)
32.2	Certification of the CFO (18 U.S.C. Section 1350)
95.1	Mine Safety Disclosure Exhibit
101.INS	XBRL Instance Document
101.SCH	XBRL Schema Document
101.CAL	XBRL Calculation Linkbase Document
101.DEF	Definition Linkbase Document
101.LAB	XBRL Labels Linkbase Document
101.PRE	XBRL Presentation Linkbase Document

46

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

		COEUR D’ALENE MINES CORPORATION
		(Registrant)
Dated	May 9, 2013	/s/ Mitchell J. Krebs
		MITCHELL J. KREBS
		President and Chief Executive Officer (Principal Executive Officer)
Dated	May 9, 2013	/s/ Frank L. Hanagarne Jr.
		FRANK L. HANAGARNE JR.
		Senior Vice President, Chief Operating Officer and Chief Financial Officer (Principal Financial Officer)

47

EX-31.1

Exhibit 31.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

I, Mitchell J. Krebs, certify that:

1. I have reviewed this Form 10-Q of Coeur d'Alene Mines Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation, and

d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	May 9, 2013	By:	/s/ Mitchell J. Krebs
			Mitchell J. Krebs

EX-31.2

Exhibit 31.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER

I, Frank L. Hanagarne Jr., certify that:

1. I have reviewed this Form 10-Q of Coeur d'Alene Mines Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation, and

d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	May 9, 2013	By:	/s/ Frank L. Hanagarne Jr.
			Frank L. Hanagarne Jr.

EX-32.1

Exhibit 32.1

Written Statement of the Chief Executive Officer

Pursuant to 18 U.S.C. Section 1350

Solely for the purposes of complying with 18 U.S.C. Section 1350, I, the undersigned President and Chief Executive Officer of Coeur d'Alene Mines Corporation (the “Company”), hereby certify, based on my knowledge, that the Quarterly Report on Form 10-Q of the Company for the quarter ended March 31, 2013 (the “Report”) fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934 and that information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Mitchell J. Krebs

Mitchell J. Krebs

May 9, 2013

EX-32.2

Exhibit 32.2

Written Statement of the Chief Financial Officer

Pursuant to 18 U.S.C. Section 1350

Solely for the purposes of complying with 18 U.S.C. Section 1350, I, the undersigned Senior Vice President and Chief Financial Officer of Coeur d'Alene Mines Corporation (the “Company”), hereby certify, based on my knowledge, that the Quarterly Report on Form 10-Q of the Company for the quarter ended March 31, 2013 (the “Report”) fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934 and that information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Frank L. Hanagarne Jr.

Frank L. Hanagarne Jr.

May 9, 2013

EX-95.1

Exhibit 95.1

Mine Safety Disclosure

In July 2010, the U.S. Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act, which requires certain disclosures by companies that are required to file periodic reports under the Securities Exchange Act of 1934 and operate mines regulated under the Federal Mine Safety and Health Act of 1977 (“FMSHA”). The following mine safety information is provided pursuant to this legislation for the period ended March 31, 2013.

Two of the Company's mines, the Kensington mine and the Rochester mine, are subject to FMSHA. The FMSHA is administered by the Mine Safety and Health Administration (“MSHA”).

Mine or Operating Name	Section 104 S&S Citations (#)	Section 104 (b) Orders (#)	Section 104 (d) Citations and Orders (#)	Section 110 (b) (2) Violations (#)	Section 107 (a) Orders (#)	Total Dollar Value of MSHA Assessments Proposed ($) (1)	Total Number of Mining Related Fatalities (#)	Received Notice of Pattern of Violations Under Section 104(e) (Yes/No)	Received Notice of Potential to Have Pattern Under Section 104(e) (Yes/No)	Legal Actions Pending as of Last Day of Period (#)	Legal Actions Initiated During Period (#)	Legal Actions Resolved During Period (#)
Kensington	2	—	—	—	—	$36,926	—	NO	NO	12(2)	—	0 (3)
Rochester	—	—	—	—	—	$0	—	NO	NO	1	—	6
Totals	2	—	—	—	—	$36,926	—	NO	NO	13	—	6

1. The total dollar value of the Proposed Assessments includes all assessments received during the first quarter of 2013.

2. Four of the twelve legal actions pending are contest proceedings, the remainder are penalty proceedings.

3. One legal action was resolved on April 2, 2013 and will be reflected in the next reporting period.

XML

Share-Based Compensation Plans (Tables)

3 Months Ended

Mar. 31, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Issuance of new grants

The following table summarizes the new grants issued during the three months ended March 31, 2013:

Grant date	Restricted stock	Grant date fair value of restricted stock		Stock options	Grant date fair value of stock options		Performance shares	Grant date fair value of performance shares
January 2, 2013	1,805	$	25.20	—	$	—	—	$	—
January 22, 2013	47,994	$	23.90	77,715	$	14.77	95,991	$	27.41
February 4, 2013	18,668	$	22.63	17,692	$	14.00	21,828	$	25.96

Summary of stock option and SAR's activity

The following options and stock appreciation rights were exercised during the three months ended March 31, 2013:

Award Type	Number of Units	Weighted Average Exercise Price
Options	926	$	20.80
Stock Appreciation Rights	3,846	$	15.40

Weighted average fair value of SAR's, performance units and RSU's outstanding

The following shows the weighted average fair value of SARs outstanding at March 31, 2013:

	SARs
Weighted average fair value	$	8.11

Options and SAR's exercisable

The following table shows the options and SARs exercisable at March 31, 2013:

Options Exercisable	Weighted Average Exercise Price		SARs Exercisable	Weighted Average Exercise Price
252,171	$	33.15	65,019	$	14.21

XML

Debt and Capital Lease Obligations (Details) (USD $)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2012
Long term debt and capital lease obligations
Current	$ 6,130,000		$ 55,983,000
Non-current	307,791,000		3,460,000
Interest expenses incurred for various debt instruments
Accretion of Franco Nevada royalty obligation	4,062,000	5,104,000
Accretion expense on royalty obligation discount	4,100,000	5,100,000
Amortization of debt issuance costs	525,000	256,000
Accretion of debt discount	577,000	612,000
Capitalized interest	(393,000)	(1,083,000)
Total interest expense, net of capitalized interest	9,732,000	6,670,000
3.25% Convertible Senior Notes due March 2028 [Member]
Long term debt and capital lease obligations
Current	0		48,081,000
Non-current	5,334,000		0
Interest expenses incurred for various debt instruments
Convertible debt, interest expense	337,000	395,000
7.875% Senior Notes due 2021 [Member]
Long term debt and capital lease obligations
Current	0		0
Non-current	300,000,000		0
Interest expenses incurred for various debt instruments
Interest Expense	4,134,000	0
Revolving Credit Facility [Member]
Interest expenses incurred for various debt instruments
Interest Expense	125,000	0
Kensington Term Facility [Member]
Interest expenses incurred for various debt instruments
Interest Expense	0	974,000
Capital Lease Obligations [Member]
Long term debt and capital lease obligations
Current	6,130,000		7,902,000
Non-current	2,457,000		3,460,000
Interest expenses incurred for various debt instruments
Interest Expense	168,000	343,000
Other debt obligations [Member]
Interest expenses incurred for various debt instruments
Interest Expense	$ 197,000	$ 69,000

XML

Investments Continuous Unrealized Loss (Details) (Marketable equity securities [Member], USD $) In Thousands, unless otherwise specified	Mar. 31, 2013
Marketable equity securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Less than twelve months, Unrealized Losses	$ (1,270)
Available-for-sale Securities, Less than twelve months, Fair Value	3,861
Available-for-sale Securities, Twelve months or more, Unrealized Losses	(11,802)
Available-for-sale Securities, Twelve months or more, Fair Value	10,874
Available-for-sale Securities, Total, Unrealized Losses	(13,072)
Available-for-sale Securities, Total, Fair Value	$ 14,735

XML

Segment Reporting (Details 2) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2012
Long Lived Assets
Long Lived Assets, Total	$ 2,637,648		$ 2,675,811
Revenues
Total Revenue	171,797	204,564
UNITED STATES
Long Lived Assets
Long Lived Assets in Entity's Country of Domicile	505,593		514,663
Revenues
Total Revenue	78,748	29,135
AUSTRALIA
Long Lived Assets
Long Lived Assets in Individual Foreign Countries	28,584		29,408
Revenues
Total Revenue	2,983	6,713
CHILE
Long Lived Assets
Long Lived Assets in Individual Foreign Countries	21		24
ARGENTINA
Long Lived Assets
Long Lived Assets in Individual Foreign Countries	95,053		95,134
Revenues
Total Revenue	(501)	3,618
BOLIVIA
Long Lived Assets
Long Lived Assets in Individual Foreign Countries	237,157		240,905
Revenues
Total Revenue	33,141	41,376
MEXICO
Long Lived Assets
Long Lived Assets in Individual Foreign Countries	1,771,240		1,795,677
Revenues
Total Revenue	$ 57,426	$ 123,722

XML

Debt and Capital Lease Obligations (Details Textual) (USD $)	3 Months Ended		12 Months Ended					3 Months Ended				3 Months Ended					0 Months Ended	3 Months Ended			0 Months Ended	3 Months Ended			3 Months Ended			0 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2012	Mar. 31, 2013 Call Option [Member] oz	Dec. 31, 2012 Call Option [Member] oz	Mar. 31, 2013 Put Option [Member] oz	Dec. 31, 2012 Put Option [Member] oz	Mar. 31, 2013 3.25% Convertible Senior Notes due March 2028 [Member]	Mar. 31, 2012 3.25% Convertible Senior Notes due March 2028 [Member]	Feb. 12, 2013 3.25% Convertible Senior Notes due March 2028 [Member]	Dec. 31, 2012 3.25% Convertible Senior Notes due March 2028 [Member]	Mar. 31, 2013 7.875% Senior Notes due 2021 [Member]	Mar. 31, 2012 7.875% Senior Notes due 2021 [Member]	Jan. 29, 2013 7.875% Senior Notes due 2021 [Member]	Dec. 31, 2012 7.875% Senior Notes due 2021 [Member]	Mar. 31, 2013 Debt After Step Down [Member]	Aug. 16, 2012 Kensington Term Facility [Member]	Mar. 31, 2013 Kensington Term Facility [Member] oz	Mar. 31, 2012 Kensington Term Facility [Member]	Mar. 31, 2012 Minimum [Member]	Jan. 29, 2013 Minimum [Member] 7.875% Senior Notes due 2021 [Member]	Mar. 31, 2013 LIBOR [Member]	Mar. 31, 2013 LIBOR [Member] Maximum [Member]	Mar. 31, 2013 LIBOR [Member] Minimum [Member]	Mar. 31, 2013 Alternate Base Rate [Member]	Mar. 31, 2013 Alternate Base Rate [Member] Maximum [Member]	Mar. 31, 2013 Alternate Base Rate [Member] Minimum [Member]	Jan. 29, 2013 Any time prior to February 1,2017 [Member] 7.875% Senior Notes due 2021 [Member]	Jan. 29, 2013 Any time prior to February 1,2017 [Member] Maximum [Member] 7.875% Senior Notes due 2021 [Member]	Jan. 29, 2013 Any time prior to February 1,2017 [Member] Minimum [Member] 7.875% Senior Notes due 2021 [Member]	Jan. 29, 2013 Ant time prior to February 1, 2016 [Member] 7.875% Senior Notes due 2021 [Member]
Debt and capital lease obligations (Textual) [Abstract]
Interest rate on notes								3.25%			3.25%			7.875%
Principal amount of bank loan								$ 5,300,000		$ 48,700,000				$ 300,000,000
Debt Instrument, Repurchased Face Amount								43,300,000
Current	6,130,000		55,983,000					0			48,081,000	0			0
Carrying value of the equity component								10,900,000			10,900,000
Interest expense								337,000	395,000
Interest Expense, Debt												4,134,000	0					0	974,000
Debt Instrument, Notice of Redemption																													60 days	30 days
Debt Instrument, Redemption Price, Percentage																												100.00%			107.875%
Debt Instrument, Event of Default, Percentage of Principal																					25.00%
Debt Instrument, Redemption Price, Percentage of Principal Amount																															35.00%
Accretion of Debt Discount	577,000	612,000
Accretion expense	3,670,000	4,580,000
Effective interest rate on the notes								8.90%
Long-term debt and capital leases	307,791,000		3,460,000					5,334,000			0	300,000,000			0
Borrowing under term facility	100,000,000
Line of Credit Facility, Increase, Additional Borrowings	50,000,000
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.10%
Line of Credit Facility, Commitment Fee Amount	0.1
Debt Instrument, Basis Spread on Variable Rate																							3.25%	2.25%		2.25%	1.25%
Ratio of consolidated debt to adjusted EBITDA	3.25															3.00
Ratio of adjusted EBITDA to interest expense	3.00
Percentage of tangible net worth																				90.00%
Percentage of net income	25.00%
Line of Credit Facility, Amount Outstanding	0
Repayments of Long-term Debt																	68,600,000
Debt Instrument, Description of Variable Rate Basis																						LIBOR			alternate base rate
Protection of gold under gold hedging program																		243,750
Gold under collars protection				92,000	97,000	109,500	122,000
Weighted average call feature of each collar	1,966.14		1,967.89
Weighted average put feature of each collar	973.14		967.86
Outstanding amount of capital leases	8,600,000,000		11,400,000
Additional Long term debt and capital lease obligations(Textual) [Abstract]
Accretion expense on royalty obligation discount	4,100,000	5,100,000
Remaining Minimum Obligation Under Royalty Agreements	59,700,000		61,900,000
Expensed Interest	9,732,000	6,670,000
Capitalized interest	$ 393,000	$ 1,083,000

XML

Fair Value Measurements Fair Value Measurements (Details 1) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013 Convertible Senior Notes Due March 2028 [Member]	Dec. 31, 2012 Convertible Senior Notes Due March 2028 [Member]	Jan. 29, 2013 7.875% Senior Notes due 2021 [Member]	Mar. 31, 2013 Portion at Other than Fair Value, Fair Value Disclosure [Member]	Dec. 31, 2012 Portion at Other than Fair Value, Fair Value Disclosure [Member]	Mar. 31, 2013 Portion at Other than Fair Value, Fair Value Disclosure [Member] Fair Value, Inputs, Level 1 [Member]	Dec. 31, 2012 Portion at Other than Fair Value, Fair Value Disclosure [Member] Fair Value, Inputs, Level 1 [Member]	Mar. 31, 2013 Portion at Other than Fair Value, Fair Value Disclosure [Member] Fair Value, Inputs, Level 2 [Member]	Dec. 31, 2012 Portion at Other than Fair Value, Fair Value Disclosure [Member] Fair Value, Inputs, Level 2 [Member]	Mar. 31, 2013 Portion at Other than Fair Value, Fair Value Disclosure [Member] Fair Value, Inputs, Level 3 [Member]	Dec. 31, 2012 Portion at Other than Fair Value, Fair Value Disclosure [Member] Fair Value, Inputs, Level 3 [Member]	Mar. 31, 2013 Portion at Other than Fair Value, Fair Value Disclosure [Member] Convertible Senior Notes Due March 2028 [Member]	Dec. 31, 2012 Portion at Other than Fair Value, Fair Value Disclosure [Member] Convertible Senior Notes Due March 2028 [Member]	Mar. 31, 2013 Portion at Other than Fair Value, Fair Value Disclosure [Member] Convertible Senior Notes Due March 2028 [Member] Fair Value, Inputs, Level 1 [Member]	Dec. 31, 2012 Portion at Other than Fair Value, Fair Value Disclosure [Member] Convertible Senior Notes Due March 2028 [Member] Fair Value, Inputs, Level 1 [Member]	Mar. 31, 2013 Portion at Other than Fair Value, Fair Value Disclosure [Member] Convertible Senior Notes Due March 2028 [Member] Fair Value, Inputs, Level 2 [Member]	Dec. 31, 2012 Portion at Other than Fair Value, Fair Value Disclosure [Member] Convertible Senior Notes Due March 2028 [Member] Fair Value, Inputs, Level 2 [Member]	Mar. 31, 2013 Portion at Other than Fair Value, Fair Value Disclosure [Member] Convertible Senior Notes Due March 2028 [Member] Fair Value, Inputs, Level 3 [Member]	Dec. 31, 2012 Portion at Other than Fair Value, Fair Value Disclosure [Member] Convertible Senior Notes Due March 2028 [Member] Fair Value, Inputs, Level 3 [Member]	Mar. 31, 2013 Portion at Other than Fair Value, Fair Value Disclosure [Member] 7.875% Senior Notes due 2021 [Member]	Mar. 31, 2013 Portion at Other than Fair Value, Fair Value Disclosure [Member] 7.875% Senior Notes due 2021 [Member] Fair Value, Inputs, Level 1 [Member]	Mar. 31, 2013 Portion at Other than Fair Value, Fair Value Disclosure [Member] 7.875% Senior Notes due 2021 [Member] Fair Value, Inputs, Level 2 [Member]	Mar. 31, 2013 Portion at Other than Fair Value, Fair Value Disclosure [Member] 7.875% Senior Notes due 2021 [Member] Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt, Fair Value												$ 5,394	$ 48,220	$ 5,394	$ 48,220	$ 0	$ 0	$ 0	$ 0	$ 300,000	$ 0	$ 300,000	$ 0
Royalty Obligation Fair value				$ 85,290	$ 90,617	$ 0	$ 0	$ 85,290	$ 90,617	$ 0	$ 0
Debt Instrument, Interest Rate, Stated Percentage	3.25%	3.25%	7.875%

XML

Metal and Other Inventories (Tables)

3 Months Ended

Mar. 31, 2013

Inventory Disclosure [Abstract]

Inventories

Metal and other inventory consist of the following (in thousands):

	March 31, 2013		December 31, 2012
Concentrate and doré inventory	$	107,960	$	91,130
Supplies	76,730		79,540
Metal and other inventory	$	184,690	$	170,670

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Income Taxes (Details) (USD $)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Income tax provision from continuing operations
Income tax benefit (provision) from continuing operations	$ (10,520,000)	$ (15,436,000)
Income Taxes (Textual) [Abstract]
Income tax benefit (Provision)	(10,520,000)	(15,436,000)
Income Tax Reconciliation, Prior Year Income Taxes	1,500,000
United States - Foreign Withholding [Member]
Income tax provision from continuing operations
Federal tax expense (benefit)	(2,487,000)	(3,137,000)
ARGENTINA
Income tax provision from continuing operations
Foreign tax expense (benefit)	73,000	(201,000)
AUSTRALIA
Income tax provision from continuing operations
Foreign tax expense (benefit)	(105,000)	(711,000)
MEXICO
Income tax provision from continuing operations
Foreign tax expense (benefit)	(3,673,000)	(3,698,000)
Income Taxes (Textual) [Abstract]
Net operating loss carryforward period	10 years
BOLIVIA
Income tax provision from continuing operations
Foreign tax expense (benefit)	$ (4,328,000)	$ (7,689,000)

XML

Litigation and Other Events (Details) (USD $) In Millions, unless otherwise specified	1 Months Ended
	Feb. 28, 2010	Mar. 31, 2013 site	Oct. 14, 2009 m	Dec. 05, 2011 Rochester [Member] acre claim
Litigation and Other Events (Textual) [Abstract]
Settlement Amount Under Law	$ 3.5
Maximum height for temporary restriction on mining			4,400
Litigation and Other Events (Additional) (Textual)
Number Of Operation Sites, Possible Further Federal Or State Agency Interaction		3
Number of Unpatented Mining Claims				447
Approximate Area of Federal Lands Covering for Unpatented Mining Claims				8,600

XML

Segment Reporting

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Segment Reporting

SEGMENT REPORTING

Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or decision-making group, in deciding how to allocate resources and in assessing performance. The Company’s chief operating decision-making group is comprised of the Chief Executive Officer, Chief Financial Officer, and the Chief Operating Officer.

The operating segments are managed separately because each segment represents a distinct use of company resources and a separate contribution to the Company’s cash flows. The Company’s reportable operating segments include the Palmarejo, San Bartolomé, Martha, Rochester, Kensington and Endeavor mining properties and the Joaquin exploration property. All operating segments are engaged in the discovery and/or mining of gold and silver and generate the majority of their revenues from the sale of these precious metal concentrates and/or refined precious metals. Through September 2012, the Martha mine sold precious metal concentrates, typically under long-term contracts, to trading partners located in the United States and Switzerland. The Company ceased active mining operations at the Martha mine in September of 2012. The Kensington mine sells precious metals and concentrates, typically under long-term contracts to smelters in China and Germany. Refined gold and silver produced by the Rochester, Palmarejo, and San Bartolomé mines are principally sold on a spot basis to precious metals trading banks such as International Commodities, Mitsui, Mitsubishi, Standard Bank, TD Securities, Valcambi and Auramet. Concentrates produced at the Endeavor mine are sold to Nyrstar (formerly Zinifex), an Australian smelter. The Company’s exploration programs, other than the Joaquin project, are reported in its other segment. The other segment also includes the corporate headquarters, elimination of intersegment transactions and other items necessary to reconcile to consolidated amounts. The accounting policies of the operating segments are the same as those described in the summary of significant accounting policies above. The Company evaluates performance and allocates resources based on profit or loss before interest, income taxes, depreciation and amortization, unusual and infrequent items and extraordinary items.    

Financial information relating to the Company’s segments is as follows (in thousands):

Three months ended March 31, 2013	Palmarejo Mine			San Bartolomé Mine			Kensington Mine			Rochester Mine			Martha Mine			Endeavor Mine			Joaquin			Other			Total
Sales of metals	$	57,426		$	33,141		$	39,274		$	39,474		$	(501	)	$	2,983		$	—		$	—		$	171,797
Productions costs applicable to sales	(26,718		)	(15,678		)	(23,565		)	(21,502		)	—			(1,321		)	—			—			(88,784		)
Depreciation and depletion	(28,950		)	(4,756		)	(13,386		)	(2,181		)	(117		)	(824		)	—			(222		)	(50,436		)
Gross profit (loss)	1,758			12,707			2,323			15,791			(618		)	838			—			(222		)	32,577
Exploration expense	1,980			53			672			484			2,995			—			—			657			6,841
Loss on impairment	—			—			—			—			119			—			—			—			119
Other operating expenses	—			3,721			76			144			1,045			—			11			9,714			14,711
OPERATING INCOME (LOSS)	(222		)	8,933			1,575			15,163			(4,777		)	838			(11		)	(10,593		)	10,906
Interest and other income, net	1,941			605			130			57			908			(13		)	(14		)	206			3,820
Interest expense, net	(3,738		)	(32		)	(259		)	(5		)	(15		)	—			15			(5,698		)	(9,732		)
Fair value adjustments, net	14,429			—			4,227			—			—			—			—			(860		)	17,796
Income tax expense	(3,534		)	(4,328		)	—			—			73			—			—			(2,731		)	(10,520		)
Net income (loss)	$	8,876		$	5,178		$	5,673		$	15,215		$	(3,811	)	$	825		$	(10	)	$	(19,676	)	$	12,270
Segment assets (A)	$	1,900,071		$	303,761		$	498,762		$	114,381		$	8,304		$	93,770		$	31,054		$	13,561		$	2,963,664
Capital expenditures (B)	$	5,314		$	457		$	3,330		$	3,299		$	—		$	—		$	—		$	427		$	12,827

A. Segment assets consist of receivables, prepaids, inventories, property, plant and equipment, and mining properties

B. Balance represents cash flow amounts 

Three months ended March 31, 2012	Palmarejo Mine			San Bartolomé Mine			Kensington Mine			Rochester Mine			Martha Mine			Endeavor Mine			Joaquin		Other			Total
Sales of metals	$	123,722		$	41,376		$	10,377		$	18,758		$	3,618		$	6,713		$	—	$	—		$	204,564
Productions costs applicable to sales	(45,860		)	(13,608		)	(17,090		)	(9,565		)	(3,694		)	(2,737		)	—		—			(92,554		)
Depreciation and depletion	(37,769		)	(4,219		)	(6,605		)	(1,642		)	(596		)	(1,644		)	—		(117		)	(52,592		)
Gross profit (loss)	40,093			23,549			(13,318		)	7,551			(672		)	2,332			—		(117		)	59,418
Exploration expense	1,320			70			222			709			3,412			—			—		834			6,567
Other operating expenses	—			5			19			1,341			197			—			—		7,102			8,664
OPERATING INCOME (LOSS)	38,773			23,474			(13,559		)	5,501			(4,281		)	2,332			—		(8,053		)	44,187
Interest and other income, net	4,581			95			—			49			(75		)	—			—		357			5,007
Interest expense	(4,810		)	—			(892		)	(8		)	—			—			—		(960		)	(6,670		)
Fair value adjustments, net	(25,611		)	—			(551		)	—			—			—			—		3,049			(23,113		)
Income tax benefit (expense)	(3,544		)	(7,689		)	—			—			(201		)	—			—		(4,002		)	(15,436		)
Net income (loss)	$	9,389		$	15,880		$	(15,002	)	$	5,542		$	(4,557	)	$	2,332		$	—	$	(9,609	)	$	3,975
Segment assets (A)	$	2,008,004		$	285,276		$	504,082		$	90,072		$	24,183		$	36,372		$	—	$	17,104		$	2,965,093
Capital expenditures (B)	$	7,170		$	10,207		$	10,878		$	2,639		$	659		$	—		$	—	$	94		$	31,647

A. Segment assets consist of receivables, prepaids, inventories, property, plant and equipment, and mining properties

B. Balance represents cash flow amounts 

	March 31, 2013		December 31, 2012
Assets
Total assets for reportable segments	$	2,963,664	$	2,974,056
Cash and cash equivalents	331,311		125,440
Short term investments	1,498		999
Other assets	127,209		120,906
Total consolidated assets	$	3,423,682	$	3,221,401

Geographic Information

	March 31, 2013		December 31, 2012
Long Lived Assets:
United States	$	505,593	$	514,663
Australia	28,584		29,408
Chile	21		24
Argentina	95,053		95,134
Bolivia	237,157		240,905
Mexico	1,771,240		1,795,677
Total	$	2,637,648	$	2,675,811

	Three months ended March 31,
	2013			2012
Revenues:
United States	$	78,748		$	29,135
Mexico	57,426			123,722
Bolivia	33,141			41,376
Australia	2,983			6,713
Argentina	(501		)	3,618
Total	$	171,797		$	204,564

XML

Metal and Other Inventories (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Inventories
Concentrate and dore inventory	$ 107,960	$ 91,130
Supplies	76,730	79,540
Metal and other inventory	$ 184,690	$ 170,670

XML

Significant Customers Significant Customers (Tables)

3 Months Ended

Mar. 31, 2013

Significant Customers [Abstract]

Schedule of Significant Customers

OTE 17 – SIGNIFICANT CUSTOMERS

The Company markets its doré to credit worthy bullion trading houses, market makers and members of the London Bullion Market Association, industrial companies and sound financial institutions. The refined metals are sold to end users for use in electronic circuitry, jewelry, silverware, pharmaceutical products, and the technology industry. The Company currently has eight trading counterparties (International Commodities, Mitsui, Mitsubishi, Standard Bank, TD Securities, Valcambi, Johnson Matthey and Auramet) and the sales of metals to these companies amounted to approximately 70% and 90% of total metal sales for the three months ended March 31, 2013 and 2012, respectively. Generally, the loss of a single bullion trading counterparty would not adversely affect the Company due to the liquidity of the markets and the availability of alternative trading counterparties.

Sales of silver and gold concentrates to third parties (Nyrstar, Aurubis, Sumitomo, Trafigura, Auramet, and China National Gold) amounted to approximately 30% and 10% of total metal sales for the three months ended March 31, 2013, and 2012, respectively. The loss of any one smelting and refining client may have a material adverse effect if alternate smelters and refiners are not available. The Company believes there is sufficient global capacity available to address the loss of any one smelter.

The following table indicates customers that represent 10% or more of total sales of metal for the three months ended March 31, 2013 and 2012 (in millions):

Customer	Three months ended March 31,		Three months ended March 31,		Segments reporting sales of metal
	2013		2012
Valcambi	$	12.2	$	107.9	Palmarejo, San Bartolomé
Auramet	$	24.2	$	13.9	San Bartolomé, Kensington
Mitsui	$	22.4	$	16.7	Palmarejo, San Bartolomé, Rochester
Standard Bank	$	17.4	$	14.5	Palmarejo
Johnson Matthey	$	25.2	$	—	Palmarejo, San Bartolomé, Rochester

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Reclamation and Mine Closure (Tables)

3 Months Ended

Mar. 31, 2013

Asset Retirement Obligation Disclosure [Abstract]

Asset Retirement Obligation

Changes to the Company’s asset retirement obligations are as follows (in thousands):

	Three months ended March 31,
	2013			2012
Asset retirement obligation - Beginning	$	33,434		$	32,714
Accretion	743			724
Addition and changes in estimates	—			—
Settlements	(2		)	(4		)
Asset retirement obligation - March 31	$	34,175		$	33,434

XML

Mining Properties (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Mining Properties
Operational mining properties:	$ 691,872	$ 686,052
Accumulated depletion	(272,487)	(258,978)
Operational mining properties, net	419,385	427,074
Mineral interest	1,822,494	1,822,493
Accumulated depletion	(272,069)	(257,758)
Mineral interest, net	1,550,425	1,564,735
Non-producing and developmental properties	142	142
Total mining properties	1,969,952	1,991,951
Palmarejo [Member]
Mining Properties
Operational mining properties:	158,718	155,722
Accumulated depletion	(87,359)	(82,037)
Operational mining properties, net	71,359	73,685
Mineral interest	1,658,389	1,658,389
Accumulated depletion	(248,942)	(235,795)
Mineral interest, net	1,409,447	1,422,594
Non-producing and developmental properties	0	0
Total mining properties	1,480,806	1,496,279
San Bartolome [Member]
Mining Properties
Operational mining properties:	70,351	70,322
Accumulated depletion	(19,349)	(18,439)
Operational mining properties, net	51,002	51,883
Mineral interest	26,642	26,642
Accumulated depletion	(7,678)	(7,338)
Mineral interest, net	18,964	19,304
Non-producing and developmental properties	0	0
Total mining properties	69,966	71,187
Kensington [Member]
Mining Properties
Operational mining properties:	335,424	333,619
Accumulated depletion	(53,519)	(46,649)
Operational mining properties, net	281,905	286,970
Mineral interest	0	0
Accumulated depletion	0	0
Mineral interest, net	0	0
Non-producing and developmental properties	0	0
Total mining properties	281,905	286,970
Rochester [Member]
Mining Properties
Operational mining properties:	115,963	114,973
Accumulated depletion	(100,844)	(100,437)
Operational mining properties, net	15,119	14,536
Mineral interest	0	0
Accumulated depletion	0	0
Mineral interest, net	0	0
Non-producing and developmental properties	0	0
Total mining properties	15,119	14,536
Martha [Member]
Mining Properties
Operational mining properties:	11,416	11,416
Accumulated depletion	(11,416)	(11,416)
Operational mining properties, net	0	0
Mineral interest	0	0
Accumulated depletion	0	0
Mineral interest, net	0	0
Non-producing and developmental properties	0	0
Total mining properties	0	0
Endeavor [Member]
Mining Properties
Operational mining properties:	0	0
Accumulated depletion	0	0
Operational mining properties, net	0	0
Mineral interest	44,033	44,033
Accumulated depletion	(15,449)	(14,625)
Mineral interest, net	28,584	29,408
Non-producing and developmental properties	0	0
Total mining properties	28,584	29,408
Joaquin [Member]
Mining Properties
Operational mining properties:	0	0
Accumulated depletion	0	0
Operational mining properties, net	0	0
Mineral interest	93,430	93,429
Accumulated depletion	0	0
Mineral interest, net	93,430	93,429
Non-producing and developmental properties	0	0
Total mining properties	93,430	93,429
Other [Member]
Mining Properties
Operational mining properties:	0	0
Accumulated depletion	0	0
Operational mining properties, net	0	0
Mineral interest	0	0
Accumulated depletion	0	0
Mineral interest, net	0	0
Non-producing and developmental properties	142	142
Total mining properties	$ 142	$ 142

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Significant Customers (Details Textual)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Significant Customers (Textual) [Abstract]
Approximate percentage of sales of metals to counterparties companies related to metal sales	70.00%	90.00%
Approximate percentage of sales of silver concentrates to third party smelters related to metal sales	30.00%	10.00%

XML

Derivative Financial Instruments and Fair Value of Financial Instruments (Details 1) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Prepaid expenses and other [Member]
Fair value of the derivative instruments
Derivative, Fair Value, Net	$ (885)	$ (1,406)
Accrued liabilities and other [Member]
Fair value of the derivative instruments
Derivative, Fair Value, Net	3,661	2,488
Other long-term liabilities [Member]
Fair value of the derivative instruments
Derivative, Fair Value, Net	2,981	7,274
Current portion of royalty obligation [Member]
Fair value of the derivative instruments
Derivative, Fair Value, Net	37,279	41,146
Non-current portion of royalty obligation [Member]
Fair value of the derivative instruments
Derivative, Fair Value, Net	84,285	103,952
Forward foreign exchange contracts MXN peso [Member] | Prepaid expenses and other [Member]
Fair value of the derivative instruments
Derivative, Fair Value, Net	(814)	(376)
Forward foreign exchange contracts MXN peso [Member] | Accrued liabilities and other [Member]
Fair value of the derivative instruments
Derivative, Fair Value, Net		300
Forward foreign exchange contracts MXN peso [Member] | Other long-term liabilities [Member]
Fair value of the derivative instruments
Derivative, Fair Value, Net
Forward foreign exchange contracts MXN peso [Member] | Current portion of royalty obligation [Member]
Fair value of the derivative instruments
Derivative, Fair Value, Net
Forward foreign exchange contracts MXN peso [Member] | Non-current portion of royalty obligation [Member]
Fair value of the derivative instruments
Derivative, Fair Value, Net
Canadian Dollar Forward Exchange Contract [Member] | Prepaid expenses and other [Member]
Fair value of the derivative instruments
Derivative, Fair Value, Net
Canadian Dollar Forward Exchange Contract [Member] | Accrued liabilities and other [Member]
Fair value of the derivative instruments
Derivative, Fair Value, Net	1,598
Canadian Dollar Forward Exchange Contract [Member] | Other long-term liabilities [Member]
Fair value of the derivative instruments
Derivative, Fair Value, Net
Canadian Dollar Forward Exchange Contract [Member] | Current portion of royalty obligation [Member]
Fair value of the derivative instruments
Derivative, Fair Value, Net
Canadian Dollar Forward Exchange Contract [Member] | Non-current portion of royalty obligation [Member]
Fair value of the derivative instruments
Derivative, Fair Value, Net
Palmarejo gold production royalty [Member] | Prepaid expenses and other [Member]
Fair value of the derivative instruments
Derivative, Fair Value, Net
Palmarejo gold production royalty [Member] | Accrued liabilities and other [Member]
Fair value of the derivative instruments
Derivative, Fair Value, Net
Palmarejo gold production royalty [Member] | Other long-term liabilities [Member]
Fair value of the derivative instruments
Derivative, Fair Value, Net
Palmarejo gold production royalty [Member] | Current portion of royalty obligation [Member]
Fair value of the derivative instruments
Derivative, Fair Value, Net	37,279	41,146
Palmarejo gold production royalty [Member] | Non-current portion of royalty obligation [Member]
Fair value of the derivative instruments
Derivative, Fair Value, Net	84,285	103,952
Put and call options, net [Member] | Prepaid expenses and other [Member]
Fair value of the derivative instruments
Derivative, Fair Value, Net
Put and call options, net [Member] | Accrued liabilities and other [Member]
Fair value of the derivative instruments
Derivative, Fair Value, Net	1,551	2,025
Put and call options, net [Member] | Other long-term liabilities [Member]
Fair value of the derivative instruments
Derivative, Fair Value, Net	2,981	7,274
Put and call options, net [Member] | Current portion of royalty obligation [Member]
Fair value of the derivative instruments
Derivative, Fair Value, Net
Put and call options, net [Member] | Non-current portion of royalty obligation [Member]
Fair value of the derivative instruments
Derivative, Fair Value, Net
Concentrate sales contracts [Member] | Prepaid expenses and other [Member]
Fair value of the derivative instruments
Derivative, Fair Value, Net	(71)	(1,030)
Concentrate sales contracts [Member] | Accrued liabilities and other [Member]
Fair value of the derivative instruments
Derivative, Fair Value, Net	512	163
Concentrate sales contracts [Member] | Other long-term liabilities [Member]
Fair value of the derivative instruments
Derivative, Fair Value, Net
Concentrate sales contracts [Member] | Current portion of royalty obligation [Member]
Fair value of the derivative instruments
Derivative, Fair Value, Net
Concentrate sales contracts [Member] | Non-current portion of royalty obligation [Member]
Fair value of the derivative instruments
Derivative, Fair Value, Net

XML

Investments (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013 investment	Mar. 31, 2012	Dec. 31, 2012
Investment in Marketable Securities (Textual) [Abstract]
Other comprehensive unrealized gain	$ (3,531)
Marketable Securities, Unrealized Gain (Loss)		424
Number of investments, unrealized loss position, not other than temporary impairment	7
Short term investments	1,498		999
Marketable securities [Member]
Available-for-sale Securities
Available-for-sale Securities, Amortized Cost	34,751		34,786
Available-for-sales Securities, Gross Unrealized Losses	(13,072)		(10,443)
Available-for-sale Securities, Gross Unrealized Gains	1,819		2,722
Available-for-sale Securities, Estimated Fair Value	$ 23,498		$ 27,065

XML

Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2013

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Recently Adopted Accounting Pronouncements:

In December, 2011, the FASB issued ASU 2011-11, "Balance Sheet (Topic 201): Disclosures about Offsetting Assets and Liabilities." This ASU adds certain additional disclosure requirements about financial instruments and derivative instruments that are subject to netting arrangements. ASU 2011-11 is effective for fiscal years, and interim periods within those years, beginning January 1, 2013, with retrospective application required. The adoption of ASU 2011-11 had no effect on the Company's financial position, results of operations or cash flows.  

Effective January 1, 2013, the Company adopted ASU 2013-02, "Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income." This ASU adds the following disclosure requirements:

• For items reclassified out of accumulated other comprehensive income (AOCI) and into net income in their entirety, the effect of the reclassification on each affected net income line item; and

• For AOCI reclassification items that are not reclassified in their entirety into net income, a cross reference to other required U.S. GAAP disclosures.

The adoption of ASU 2013-02 had no effect on the Company's consolidated financial position, results of operations or cash flows.

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Derivative Financial Instruments and Fair Value of Financial Instruments (Details 2) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Derivative Instruments, Gain (Loss) [Line Items]
Fair value adjustments	$ 17,796	$ (23,113)
Fair value adjustments, net	16,669	(22,560)
Concentrate Sales Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Sales of Metals	(1,755)	1,336
Forward foreign exchange contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Production costs applicable to sales	627	(783)
Fair value adjustments	(1,598)	0
Forward foreign exchange contracts MXN peso [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Fair value adjustments	738	2,690
Silver Ounces Receivables [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Fair value adjustments	0	359
Palmarejo gold production royalty [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Fair value adjustments	14,429	(25,611)
Put and call options [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Fair value adjustments	$ 4,228	$ (551)

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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Financial information relating to the reporting segments

Financial information relating to the Company’s segments is as follows (in thousands):

Three months ended March 31, 2013	Palmarejo Mine			San Bartolomé Mine			Kensington Mine			Rochester Mine			Martha Mine			Endeavor Mine			Joaquin			Other			Total
Sales of metals	$	57,426		$	33,141		$	39,274		$	39,474		$	(501	)	$	2,983		$	—		$	—		$	171,797
Productions costs applicable to sales	(26,718		)	(15,678		)	(23,565		)	(21,502		)	—			(1,321		)	—			—			(88,784		)
Depreciation and depletion	(28,950		)	(4,756		)	(13,386		)	(2,181		)	(117		)	(824		)	—			(222		)	(50,436		)
Gross profit (loss)	1,758			12,707			2,323			15,791			(618		)	838			—			(222		)	32,577
Exploration expense	1,980			53			672			484			2,995			—			—			657			6,841
Loss on impairment	—			—			—			—			119			—			—			—			119
Other operating expenses	—			3,721			76			144			1,045			—			11			9,714			14,711
OPERATING INCOME (LOSS)	(222		)	8,933			1,575			15,163			(4,777		)	838			(11		)	(10,593		)	10,906
Interest and other income, net	1,941			605			130			57			908			(13		)	(14		)	206			3,820
Interest expense, net	(3,738		)	(32		)	(259		)	(5		)	(15		)	—			15			(5,698		)	(9,732		)
Fair value adjustments, net	14,429			—			4,227			—			—			—			—			(860		)	17,796
Income tax expense	(3,534		)	(4,328		)	—			—			73			—			—			(2,731		)	(10,520		)
Net income (loss)	$	8,876		$	5,178		$	5,673		$	15,215		$	(3,811	)	$	825		$	(10	)	$	(19,676	)	$	12,270
Segment assets (A)	$	1,900,071		$	303,761		$	498,762		$	114,381		$	8,304		$	93,770		$	31,054		$	13,561		$	2,963,664
Capital expenditures (B)	$	5,314		$	457		$	3,330		$	3,299		$	—		$	—		$	—		$	427		$	12,827

A. Segment assets consist of receivables, prepaids, inventories, property, plant and equipment, and mining properties

B. Balance represents cash flow amounts 

Three months ended March 31, 2012	Palmarejo Mine			San Bartolomé Mine			Kensington Mine			Rochester Mine			Martha Mine			Endeavor Mine			Joaquin		Other			Total
Sales of metals	$	123,722		$	41,376		$	10,377		$	18,758		$	3,618		$	6,713		$	—	$	—		$	204,564
Productions costs applicable to sales	(45,860		)	(13,608		)	(17,090		)	(9,565		)	(3,694		)	(2,737		)	—		—			(92,554		)
Depreciation and depletion	(37,769		)	(4,219		)	(6,605		)	(1,642		)	(596		)	(1,644		)	—		(117		)	(52,592		)
Gross profit (loss)	40,093			23,549			(13,318		)	7,551			(672		)	2,332			—		(117		)	59,418
Exploration expense	1,320			70			222			709			3,412			—			—		834			6,567
Other operating expenses	—			5			19			1,341			197			—			—		7,102			8,664
OPERATING INCOME (LOSS)	38,773			23,474			(13,559		)	5,501			(4,281		)	2,332			—		(8,053		)	44,187
Interest and other income, net	4,581			95			—			49			(75		)	—			—		357			5,007
Interest expense	(4,810		)	—			(892		)	(8		)	—			—			—		(960		)	(6,670		)
Fair value adjustments, net	(25,611		)	—			(551		)	—			—			—			—		3,049			(23,113		)
Income tax benefit (expense)	(3,544		)	(7,689		)	—			—			(201		)	—			—		(4,002		)	(15,436		)
Net income (loss)	$	9,389		$	15,880		$	(15,002	)	$	5,542		$	(4,557	)	$	2,332		$	—	$	(9,609	)	$	3,975
Segment assets (A)	$	2,008,004		$	285,276		$	504,082		$	90,072		$	24,183		$	36,372		$	—	$	17,104		$	2,965,093
Capital expenditures (B)	$	7,170		$	10,207		$	10,878		$	2,639		$	659		$	—		$	—	$	94		$	31,647

A. Segment assets consist of receivables, prepaids, inventories, property, plant and equipment, and mining properties

B. Balance represents cash flow amounts 

Consolidated Assets

	March 31, 2013		December 31, 2012
Assets
Total assets for reportable segments	$	2,963,664	$	2,974,056
Cash and cash equivalents	331,311		125,440
Short term investments	1,498		999
Other assets	127,209		120,906
Total consolidated assets	$	3,423,682	$	3,221,401

Long Lived Assets by Country

Geographic Information

	March 31, 2013		December 31, 2012
Long Lived Assets:
United States	$	505,593	$	514,663
Australia	28,584		29,408
Chile	21		24
Argentina	95,053		95,134
Bolivia	237,157		240,905
Mexico	1,771,240		1,795,677
Total	$	2,637,648	$	2,675,811

Revenue by Country

	Three months ended March 31,
	2013			2012
Revenues:
United States	$	78,748		$	29,135
Mexico	57,426			123,722
Bolivia	33,141			41,376
Australia	2,983			6,713
Argentina	(501		)	3,618
Total	$	171,797		$	204,564

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Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

Effect of potentially dilutive stock outstanding

The effect of potentially dilutive stock outstanding as of March 31, 2013 and 2012 are as follows (in thousands, except per share data):

	Three months ended March 31, 2013
	Income (Numerator)		Shares (Denominator)	Per-Share Amount
Basic EPS
Net income available to common shareholders	$	12,270	89,948	$	0.14
Effect of Dilutive Securities
Equity awards	—		88
Diluted EPS
Net income available to common shareholders	$	12,270	90,036	$	0.14
	Three months ended March 31, 2012
	Income (Numerator)		Shares (Denominator)	Per-Share Amount
Basic EPS
Net income available to common shareholders	$	3,975	89,591	$	0.04
Effect of Dilutive Securities
Equity awards	—		230
Diluted EPS
Net income available to common shareholders	$	3,975	89,821	$	0.04

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Summary of Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2013

Accounting Policies [Abstract]

Use of Estimates

Use of Estimates: The preparation of the Company’s consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in its consolidated financial statements and accompanying notes. The areas requiring the use of management’s estimates and assumptions relate to recoverable ounces from proven and probable reserves that are the basis of future cash flow estimates and units-of-production depreciation and amortization calculations; useful lives utilized for depreciation, depletion and amortization; estimates of future cash flows for long lived assets; estimates of recoverable gold and silver ounces in ore on leach pads; the amount and timing of reclamation and remediation costs; valuation allowance for deferred tax assets; and other employee benefit liabilities.

Recently Adopted Accounting Pronouncements

Recently Adopted Accounting Pronouncements:

In December, 2011, the FASB issued ASU 2011-11, "Balance Sheet (Topic 201): Disclosures about Offsetting Assets and Liabilities." This ASU adds certain additional disclosure requirements about financial instruments and derivative instruments that are subject to netting arrangements. ASU 2011-11 is effective for fiscal years, and interim periods within those years, beginning January 1, 2013, with retrospective application required. The adoption of ASU 2011-11 had no effect on the Company's financial position, results of operations or cash flows.  

Effective January 1, 2013, the Company adopted ASU 2013-02, "Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income." This ASU adds the following disclosure requirements:

• For items reclassified out of accumulated other comprehensive income (AOCI) and into net income in their entirety, the effect of the reclassification on each affected net income line item; and

• For AOCI reclassification items that are not reclassified in their entirety into net income, a cross reference to other required U.S. GAAP disclosures.

The adoption of ASU 2013-02 had no effect on the Company's consolidated financial position, results of operations or cash flows.

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Reclamation and Mine Closure (Details) (USD $)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2012
Asset retirement obligation
Asset retirement obligation - Beginning	$ 33,434,000	$ 32,714,000
Accretion	743,000	724,000
Addition and changes in estimates	0	0
Settlements	(2,000)	(4,000)
Asset retirement obligation - March 31	34,175,000	33,434,000
Reclamation and Mine Closure (Textual) [Abstract]
Accrued reclamation liabilities	$ 800,000		$ 900,000

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Earnings Per Share (Details) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2013 Stock Options [Member]	Mar. 31, 2012 Stock Options [Member]	Mar. 31, 2013 Convertible Senior Notes Due March 2028 [Member]	Dec. 31, 2012 Convertible Senior Notes Due March 2028 [Member]
Earnings Per Share (Textual) [Abstract]
Number of shares of common stock equivalents related to convertible debt			780,421	1,167
Debt Instrument, Interest Rate, Stated Percentage					3.25%	3.25%
Basic EPS
Net loss available to common stockholders	$ 12,270	$ 3,975
Net Income available to common stockholders, Shares	89,948,000	89,591,000
Net Income available to common stockholders, Per-Share	$ 0.14	$ 0.04
Effect of Dilutive Securities
Equity awards, Income	0	0
Equity awards, Shares	88,000	230,000
Diluted EPS
Net loss available to common stockholders	$ 12,270	$ 3,975
Net income available to common stockholders, shares	90,036,000	89,821,000
Net Income available to common stockholders, Per-Share	$ 0.14	$ 0.04

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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2013

Fair Value Disclosures [Abstract]

Financial assets and liabilities measured at fair value on recurring basis

	Fair Value at December 31, 2012
	Total		Level 1		Level 2		Level 3
Assets:
Short term investments	$	999	$	999	$	—	$	—
Marketable securities	27,065		27,065		—		—
Other derivative instruments, net	943		—		943		—
	$	29,007	$	28,064	$	943	$	—
Liabilities:
Royalty obligation embedded derivative	$	145,098	$	—	$	145,098	$	—
Put and call options	9,299		—		9,299		—
	$	154,397	$	—	$	154,397	$	—

The following table sets forth the Company’s financial assets and liabilities measured at fair value on a recurring basis (at least annually) by level within the fair value hierarchy. As required by accounting guidance, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement (in thousands):

	Fair Value at March 31, 2013
	Total		Level 1		Level 2		Level 3
Assets:
Short term investments	$	1,498	$	1,498	$	—	$	—
Marketable equity securities	23,498		23,498		—		—
	$	24,996	$	24,996	$	—	$	—
Liabilities:
Royalty obligation embedded derivative	$	121,564	$	—	$	121,564	$	—
Put and call options	4,532		—		4,532		—
Other derivative instruments, net	1,225		—		1,225		—
	$	127,321	$	—	$	127,321	$	—

Financial Assets and Liabilities not Measured at Fair Value

Financial assets and liabilities that are not measured at fair value at March 31, 2013 and December 31, 2012 are set forth below (in thousands):

	Fair Value at March 31, 2013
	Total		Level 1		Level 2		Level 3
Liabilities:
3.25% Convertible Senior Notes	$	5,394	$	5,394	$	—	$	—
7.875% Senior Notes due 2021	$	300,000	$	—	$	300,000	$	—
Palmarejo Gold Production Royalty Obligation	$	85,290	$	—	$	85,290	$	—

	Fair Value at December 31, 2012
	Total		Level 1		Level 2		Level 3
Liabilities:
3.25% Convertible Senior Notes	$	48,220	$	48,220	$	—	$	—
Palmarejo Gold Production Royalty Obligation	$	90,617	$	—	$	90,617	$	—

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Investments (Tables)

3 Months Ended

Mar. 31, 2013

Investments, Debt and Equity Securities [Abstract]

Investments

The following table summarizes the Company’s available-for-sale securities on hand as of March 31, 2013 and December 31, 2012 (in thousands):

	Investments in marketable securities
	Cost		Gross Unrealized Losses			Gross Unrealized Gains		Estimated Fair Value
Marketable securities at March 31, 2013	$	34,751	$	(13,072	)	$	1,819	$	23,498
Marketable securities at December 31, 2012	$	34,786	$	(10,443	)	$	2,722	$	27,065

Available-for-sale securities, continuous unrealized loss position, fair value

The following table summarizes the gross unrealized losses on investment securities for which other-than-temporary impairments have not been recognized and the fair values of those securities, aggregated by the length of time the individual securities have been in a continuous unrealized loss position, at March 31, 2013 (in thousands):

	Less than twelve months					Twelve months or more					Total
	Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value
Marketable equity securities	$	(1,270	)	$	3,861	$	(11,802	)	$	10,874	$	(13,072	)	$	14,735

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Basis of Presentation

3 Months Ended

Mar. 31, 2013

Organization, Consolidation and Presentation of Financial Statements [Abstract]

BASIS OF PRESENTATION

BASIS OF PRESENTATION

Basis of Presentation: The Company’s unaudited interim condensed consolidated financial statements have been prepared under United States Generally Accepted Accounting Principles (“U.S. GAAP”) and applicable rules of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting and include the accounts of Coeur d’Alene Mines Corporation and its consolidated subsidiaries (“Coeur” or the “Company”). All significant intercompany transactions and balances have been eliminated during consolidation. Certain information and note disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. Accordingly, these unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in the Company’s Form 10-K for the year ended December 31, 2012. The condensed consolidated balance sheet as of December 31, 2012, included herein, was derived from the audited consolidated financial statements as of that date.

The unaudited interim condensed consolidated financial statements have been prepared on the same basis as the audited consolidated financial statements and include all adjustments, consisting only of normal recurring adjustments, necessary for the fair presentation of the Company’s financial position as of March 31, 2013 and December 31, 2012 and the Company’s results of operations and cash flows for the three months ended March 31, 2013 and 2012. The results for the three months ended March 31, 2013 are not necessarily indicative of the results to be expected for the year ending December 31, 2013. All references to March 31, 2013 or to the three months ended March 31, 2013 and 2012 in the notes to the condensed consolidated financial statements are unaudited.

Use of Estimates: The preparation of the Company’s consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in its consolidated financial statements and accompanying notes. The areas requiring the use of management’s estimates and assumptions relate to recoverable ounces from proven and probable reserves that are the basis of future cash flow estimates and units-of-production depreciation and amortization calculations; useful lives utilized for depreciation, depletion and amortization; estimates of future cash flows for long lived assets; estimates of recoverable gold and silver ounces in ore on leach pads; the amount and timing of reclamation and remediation costs; valuation allowance for deferred tax assets; and other employee benefit liabilities.

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Receivables (Tables)

3 Months Ended

Mar. 31, 2013

Receivables [Abstract]

Receivables

Receivables consist of the following (in thousands):

	March 31, 2013		December 31, 2012
Receivables - current portion
Accounts receivable - trade	$	9,487	$	8,701
Refundable income tax	4,131		9,331
Refundable value added tax	49,149		40,020
Accounts receivable - other	5,415		4,386
	$	68,182	$	62,438
Receivables - non-current portion
Refundable value added tax	$	39,061	$	48,767

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Derivative Financial Instruments and Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative instruments Settlement

As of March 31, 2013, the Company had the following derivative instruments that settle in each of the years indicated in the table (in thousands except average prices, ounces and notional data):

	2013		2014		2015		Thereafter
Palmarejo gold production royalty	$	21,297	$	24,895	$	24,691	$	20,766
Average gold price in excess of minimum contractual deduction	$	502	$	498	$	494	$	490
Notional ounces	42,433		50,004		50,004		42,409
Mexican peso forward purchase contracts	$	29,400	$	—	$	—	$	—
Average rate (MXP/$)	$	12.91	$	—	$	—	$	—
Mexican peso notional amount	379,422		—		—		—
Canadian dollar forward purchase contracts	$	100,000	$	—	$	—	$	—
Average rate (CAD/$)	$	1.00	$	—	$	—	$	—
Canadian dollar notional amount	100,000		—		—		—
Silver concentrate sales agreements	$	4,395	$	—	$	—	$	—
Average silver price	$	29.72	$	—	$	—	$	—
Notional ounces	147,898		—		—		—
Gold concentrates sales agreements	$	25,683	$	—	$	—	$	—
Average gold price	$	1,637	$	—	$	—	$	—
Notional ounces	15,685		—		—		—
Gold put options purchased	$	1,260	$	720	$	—	$	—
Average gold strike price	$	931	$	979	$	1,010	$	—
Notional ounces	32,500		47,000		30,000		—
Gold call options sold	$	—	$	720	$	—	$	—
Average gold strike price	$	2,000	$	1,934	$	2,000	$	—
Notional ounces	15,000		47,000		30,000		—

Fair value of the derivative instruments

The following summarizes the classification of the fair value of the derivative instruments as of March 31, 2013 and December 31, 2012 (in thousands):

	March 31, 2013
	Prepaid expenses and other		Accrued liabilities and other		Other long- term liabilities		Current portion of royalty obligation		Non-current portion of royalty obligation
Forward foreign exchange contracts Peso	$	814	$	—	$	—	$	—	$	—
Forward foreign exchange contracts Canadian dollars	—		1,598		—		—		—
Palmarejo gold production royalty	—		—		—		37,279		84,285
Put and call options, net	—		1,551		2,981		—		—
Concentrate sales contracts	71		512		—		—		—
	$	885	$	3,661	$	2,981	$	37,279	$	84,285

	December 31, 2012
	Prepaid expenses and other		Accrued liabilities and other		Other long- term Liabilities		Current portion of royalty obligation		Non-current portion of royalty obligation
Forward foreign exchange contracts Peso	$	376	$	300	$	—	$	—	$	—
Palmarejo gold production royalty	—		—		—		41,146		103,952
Put and call options, net	—		2,025		7,274		—		—
Concentrate sales contracts	1,030		163		—		—		—
	$	1,406	$	2,488	$	7,274	$	41,146	$	103,952

Gain losses on derivative instruments

The following represent mark-to-market gains (losses) on derivative instruments for the three months ended March 31, 2013 and 2012 (in thousands):

		Three months ended March 31,
Financial statement line	Derivative	2013			2012
Sales of metal	Concentrate sales contracts	$	(1,755	)	$	1,336
Production costs applicable to sales	Forward foreign exchange contracts	627			(783		)
Fair value adjustments, net	Forward foreign exchange contracts MXN Peso	738			2,690
Fair value adjustments, net	Forward foreign exchange contracts Canadian dollar	(1,598		)	—
Fair value adjustments, net	Silver ounces receivable	—			359
Fair value adjustments, net	Palmarejo gold royalty	14,429			(25,611		)
Fair value adjustments, net	Put and call options	4,228			(551		)
		$	16,669		$	(22,560	)

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Mining Properties (Details Textual) (USD $) In Thousands, unless otherwise specified	1 Months Ended	3 Months Ended		4 Months Ended		1 Months Ended
	Mar. 31, 2006 oz	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2008 oz	Dec. 31, 2012	Apr. 30, 2002 Martha [Member]	May 23, 2005 Endeavor [Member] oz
Property, Plant and Equipment (Textual) [Abstract]
Acquisition of interest in mine						100.00%
Impairment of Long-Lived Assets Held-for-use		$ 119	$ 0
Assets		$ 3,423,682			$ 3,221,401
Quantity of acquired silver production and reserves							17,700,000
Mining Properties (Textual) [Abstract]
Cumulative ounces of silver received by CDE Australia				4,300,000
Current ore reserve payable ounces based on current metallurgical recovery and current smelter contract terms				4,300,000
Silver production and reserves payable ounces	20,000,000

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Subsequent Events (Details) (Subsequent Event [Member]) In Millions, except Share data, unless otherwise specified			0 Months Ended
	Mar. 31, 2013 Endeavor Silver Stream [Member] USD ($)	Mar. 31, 2013 Cerro Bayo Royalty [Member] USD ($)	Apr. 16, 2013 Orko Silver Corporation [Member] CAD	Apr. 11, 2013 Maximum [Member] Endeavor Silver Stream and Cerro Bayo Royalty [Member] USD ($)
Subsequent Event [Line Items]
Cost of acquired entity, cash paid			100
Business acquisition, equity interest issued or issuable, number of shares			11,572,918
Business acquisition, warrants issued			1,588,768
Disposal group, potential consideration transferred				67
Mining property, at carrying value	28.6
Royalty asset, at carrying value		$ 6.1

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Condensed Consolidated Balance Sheets (Unaudited) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
CURRENT ASSETS
Cash and cash equivalents	$ 331,311	$ 125,440
Short term investments	1,498	999
Receivables	68,182	62,438
Ore on leach pad	26,748	22,991
Metal and other inventory	184,690	170,670
Deferred tax assets	2,627	2,458
Restricted assets	0	396
Prepaid expenses and other	22,324	20,790
Total Current Assets	637,380	406,182
NON-CURRENT ASSETS
Property, plant and equipment, net	667,696	683,860
Mining properties, net	1,969,952	1,991,951
Ore on leach pad, non-current portion	24,073	21,356
Restricted assets	24,882	24,970
Marketable securities	23,498	27,065
Receivables, non-current portion	39,061	48,767
Debt issuance costs, net	12,429	3,713
Deferred tax assets	946	955
Other	23,765	12,582
TOTAL ASSETS	3,423,682	3,221,401
CURRENT LIABILITIES
Accounts payable	52,636	57,482
Accrued liabilities and other	9,964	10,002
Accrued income taxes	6,186	27,108
Accrued payroll and related benefits	13,816	21,306
Accrued interest payable	4,283	478
Current portion of debt and capital leases	6,130	55,983
Current portion of royalty obligation	61,541	65,104
Current portion of reclamation and mine closure	758	668
Deferred tax liabilities	53	121
Total Current Liabilities	155,367	238,252
NON-CURRENT LIABILITIES
Long-term debt and capital leases	307,791	3,460
Non-current portion of royalty obligation	119,681	141,879
Reclamation and mine closure	35,252	34,670
Deferred tax liabilities	585,073	577,488
Other long-term liabilities	24,684	27,372
Total Noncurrent Liabilities	1,072,481	784,869
COMMITMENTS AND CONTINGENCIES (Notes 10, 11, 12, 15, 16 and 19)
SHAREHOLDERS' EQUITY
Common stock, par value $0.01 per share; authorized 150,000,000 shares, issued and outstanding 89,743,142 at March 31, 2013 and 90,342,338 at December 31, 2012	897	903
Additional paid-in capital	2,590,075	2,601,254
Accumulated deficit	(383,886)	(396,156)
Accumulated other comprehensive loss	(11,252)	(7,721)
Total Shareholders' Equity	2,195,834	2,198,280
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 3,423,682	$ 3,221,401

XML

Fair Value Measurements (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012	Dec. 31, 2012 Silver ounces received from Mandalay [Member]	Mar. 31, 2013 Royalty obligation embedded derivative [Member]	Dec. 31, 2012 Royalty obligation embedded derivative [Member]	Mar. 31, 2013 Put and call options [Member]	Dec. 31, 2012 Put and call options [Member]	Mar. 31, 2013 Other derivative instrument [Member]	Mar. 31, 2013 Short-term Deposit [Member]	Dec. 31, 2012 Short-term Deposit [Member]	Mar. 31, 2013 Marketable securities [Member]	Dec. 31, 2012 Marketable securities [Member]	Mar. 31, 2013 Fair Value, Inputs, Level 1 [Member]	Dec. 31, 2012 Fair Value, Inputs, Level 1 [Member]	Dec. 31, 2012 Fair Value, Inputs, Level 1 [Member] Silver ounces received from Mandalay [Member]	Mar. 31, 2013 Fair Value, Inputs, Level 1 [Member] Royalty obligation embedded derivative [Member]	Dec. 31, 2012 Fair Value, Inputs, Level 1 [Member] Royalty obligation embedded derivative [Member]	Mar. 31, 2013 Fair Value, Inputs, Level 1 [Member] Put and call options [Member]	Dec. 31, 2012 Fair Value, Inputs, Level 1 [Member] Put and call options [Member]	Mar. 31, 2013 Fair Value, Inputs, Level 1 [Member] Other derivative instrument [Member]	Mar. 31, 2013 Fair Value, Inputs, Level 1 [Member] Short-term Deposit [Member]	Dec. 31, 2012 Fair Value, Inputs, Level 1 [Member] Short-term Deposit [Member]	Mar. 31, 2013 Fair Value, Inputs, Level 1 [Member] Marketable securities [Member]	Dec. 31, 2012 Fair Value, Inputs, Level 1 [Member] Marketable securities [Member]	Mar. 31, 2013 Fair Value, Inputs, Level 2 [Member]	Dec. 31, 2012 Fair Value, Inputs, Level 2 [Member]	Dec. 31, 2012 Fair Value, Inputs, Level 2 [Member] Silver ounces received from Mandalay [Member]	Mar. 31, 2013 Fair Value, Inputs, Level 2 [Member] Royalty obligation embedded derivative [Member]	Dec. 31, 2012 Fair Value, Inputs, Level 2 [Member] Royalty obligation embedded derivative [Member]	Mar. 31, 2013 Fair Value, Inputs, Level 2 [Member] Put and call options [Member]	Dec. 31, 2012 Fair Value, Inputs, Level 2 [Member] Put and call options [Member]	Mar. 31, 2013 Fair Value, Inputs, Level 2 [Member] Other derivative instrument [Member]	Mar. 31, 2013 Fair Value, Inputs, Level 2 [Member] Short-term Deposit [Member]	Dec. 31, 2012 Fair Value, Inputs, Level 2 [Member] Short-term Deposit [Member]	Mar. 31, 2013 Fair Value, Inputs, Level 2 [Member] Marketable securities [Member]	Dec. 31, 2012 Fair Value, Inputs, Level 2 [Member] Marketable securities [Member]	Mar. 31, 2013 Fair Value, Inputs, Level 3 [Member]	Dec. 31, 2012 Fair Value, Inputs, Level 3 [Member]	Dec. 31, 2012 Fair Value, Inputs, Level 3 [Member] Silver ounces received from Mandalay [Member]	Mar. 31, 2013 Fair Value, Inputs, Level 3 [Member] Royalty obligation embedded derivative [Member]	Dec. 31, 2012 Fair Value, Inputs, Level 3 [Member] Royalty obligation embedded derivative [Member]	Mar. 31, 2013 Fair Value, Inputs, Level 3 [Member] Put and call options [Member]	Dec. 31, 2012 Fair Value, Inputs, Level 3 [Member] Put and call options [Member]	Mar. 31, 2013 Fair Value, Inputs, Level 3 [Member] Other derivative instrument [Member]	Mar. 31, 2013 Fair Value, Inputs, Level 3 [Member] Short-term Deposit [Member]	Dec. 31, 2012 Fair Value, Inputs, Level 3 [Member] Short-term Deposit [Member]	Mar. 31, 2013 Fair Value, Inputs, Level 3 [Member] Marketable securities [Member]	Dec. 31, 2012 Fair Value, Inputs, Level 3 [Member] Marketable securities [Member]	Mar. 31, 2013 Convertible Senior Notes Due March 2028 [Member]	Dec. 31, 2012 Convertible Senior Notes Due March 2028 [Member]	Jan. 29, 2013 7.875% Senior Notes due 2021 [Member]
Assets:
Short-term Deposits									$ 1,498	$ 999											$ 1,498	$ 999											$ 0	$ 0											$ 0	$ 0
Restricted certificates of deposits											23,498	27,065											23,498	27,065											0	0											0	0
Derivative Asset, Fair Value			943												0												943												0
Total assets	24,996	29,007											24,996	28,064											0	943											0	0
Liabilities:
Derivative fair value of derivative liability				121,564	145,098	4,532	9,299	1,225								0	0	0	0	0								121,564	145,098	4,532	9,299	1,225								0	0	0	0	0
Total liabilities	$ 127,321	$ 154,397											$ 0	$ 0											$ 127,321	$ 154,397											$ 0	$ 0
Debt Instrument, Interest Rate, Stated Percentage																																																	3.25%	3.25%	7.875%

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Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (USD $) In Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated (Deficit)	Accumulated Other Comprehensive Loss
Balances at Dec. 31, 2012	$ 2,198,280	$ 903	$ 2,601,254	$ (396,156)	$ (7,721)
Balances, Shares at Dec. 31, 2012		90,342
Net income	12,270	0	0	12,270	0
Other comprehensive loss	(3,531)	0	0	0
Stock Repurchased During Period, Shares		(655)
Stock Issued During Period, Value, Other		(7)
Stock Repurchased During Period, Value	(12,557)
Adjustments to Additional Paid in Capital, Other			(12,550)
Common stock issued/cancelled under long-term incentive plans and director fees and options, net	1,372	1	1,371	0
Common stock issued/cancelled under long-term incentive plans and director fees and options, net, shares		56
Balances at Mar. 31, 2013	$ 2,195,834	$ 897	$ 2,590,075	$ (383,886)	$ (11,252)
Balances, Shares at Mar. 31, 2013		89,743

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Defined Contribution and 401(k) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Defined Contribution and 401(k) (Textual) [Abstract]
Total contribution by employees	$ 0.6	$ 0.5
Retirement Savings Plan under Section 401 (k) [Member]
Additional Defined Contribution And 401(k) (Textual) [Abstract]
Percentage of maximum limit for employees to contribute their cash compensation	100.00%
Percentage of employers matching contribution	100.00%
Percentage of employee contribution	3.00%
Percentage of employee compensation plus matching contribution	50.00%
Percentage of additional employee contribution	2.00%
Total plan expenses	$ 0.7	$ 0.6

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Mining Properties (Tables)

3 Months Ended

Mar. 31, 2013

Mining Properties [Abstract]

Mining Properties

Mining properties consist of the following (in thousands):

March 31, 2013	Palmarejo			San Bartolomé			Kensington			Rochester			Martha			Endeavor			Joaquin		Other		Total
Mining properties	$	158,718		$	70,351		$	335,424		$	115,963		$	11,416		$	—		$	—	$	—	$	691,872
Accumulated depletion	(87,359		)	(19,349		)	(53,519		)	(100,844		)	(11,416		)	—			—		—		(272,487		)
	71,359			51,002			281,905			15,119			—			—			—		—		419,385
Mineral interests	1,658,389			26,642			—			—			—			44,033			93,430		—		1,822,494
Accumulated depletion	(248,942		)	(7,678		)	—			—			—			(15,449		)	—		—		(272,069		)
	1,409,447			18,964			—			—			—			28,584			93,430		—		1,550,425
Non-producing and development properties	—			—			—			—			—			—			—		142		142
Total mining properties	$	1,480,806		$	69,966		$	281,905		$	15,119		$	—		$	28,584		$	93,430	$	142	$	1,969,952

December 31, 2012	Palmarejo			San Bartolomé			Kensington			Rochester			Martha			Endeavor			Joaquin		Other		Total
Mining properties	$	155,722		$	70,322		$	333,619		$	114,973		$	11,416		$	—		$	—	$	—	$	686,052
Accumulated depletion	(82,037		)	(18,439		)	(46,649		)	(100,437		)	(11,416		)	—			—		—		(258,978		)
	73,685			51,883			286,970			14,536			—			—			—		—		427,074
Mineral interests	1,658,389			26,642			—			—			—			44,033			93,429		—		1,822,493
Accumulated depletion	(235,795		)	(7,338		)	—			—			—			(14,625		)	—		—		(257,758		)
	1,422,594			19,304			—			—			—			29,408			93,429		—		1,564,735
Non-producing and development properties	—			—			—			—			—			—			—		142		142
Total mining properties	$	1,496,279		$	71,187		$	286,970		$	14,536		$	—		$	29,408		$	93,429	$	142	$	1,991,951

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Commitment and Contigencies (Details Textual) (USD $)	3 Months Ended			3 Months Ended			3 Months Ended
	Mar. 31, 2013 oz Agreements	Dec. 31, 2012	Jan. 21, 2009	Mar. 31, 2013 Rochester [Member]	Mar. 31, 2012 Rochester [Member]	Jul. 07, 1995 Echo Bay [Member] oz	Mar. 31, 2013 Kensington [Member]	Jul. 07, 1995 Kensington [Member]	Jul. 07, 1995 Coeur Alaska Inc [Member]
Commitment and Contingencies (Textual) [Abstract]
Acquisition of ownership interest						50.00%		100.00%
Volume related to net smelter return royalty of future gold production						1,000,000
Purchase price and construction and development expenses									$ 32,500,000
Minimum royalty range for gold price per ounce							1.00%
Gold price per ounce for minimum royalty range							400
Maximum royalty range for gold price per ounce				5.00%			2.50%
Gold price per ounce for maximum royalty range				23.60			475
Royalty expenses				1,000,000	600,000
Additional Commitment and Contingencies (Textual) [Abstract]
Number of labor agreements in South America	1
Percentage of labor force covered by collective bargaining agreements	10.60%
Accrued obligations postemployment benefits	$ 7,700,000	$ 7,600,000
Royalty to be capped in terms of ounces of production	1,000,000
Purchased royalty			50.00%
Royalty agreement minimum obligation for the period	400,000
Royalty Agreement Minimum Obligation for Per Month	4,167
Royalty Agreement Period			8 years

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Derivative Financial Instruments and Fair Value of Financial Instruments

3 Months Ended

Mar. 31, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVE FINANCIAL INSTRUMENTS AND FAIR VALUE OF FINANCIAL INSTRUMENTS

DERIVATIVE FINANCIAL INSTRUMENTS

Palmarejo Gold Production Royalty

On January 21, 2009, the Company entered into a gold production royalty transaction with Franco-Nevada Corporation. The royalty covers 50% of the life of mine production from the Palmarejo mine and adjacent properties. The royalty transaction included a minimum obligation of 4,167 ounces per month that ends when payments have been made on a total of 400,000 ounces of gold. As of March 31, 2013, a total of 184,851 ounces of gold remain outstanding under the minimum royalty obligation.

The price volatility associated with the minimum royalty obligation is considered an embedded derivative financial instrument under U.S. GAAP. As such, the Company is required to recognize the change in fair value of the remaining minimum obligation due to the changing gold prices. Unrealized gains are recognized in periods when the forward gold price has decreased from the previous period and unrealized losses are recognized in periods when the forward gold price increases. The fair value of the embedded derivative is reflected net of the Company's current credit adjusted risk free rate, which was 4.2% and 4.2% at March 31, 2013 and December 31, 2012, respectively. The fair value of the embedded derivative at March 31, 2013 and December 31, 2012, based on forward gold prices averaging approximately $1,609 and $1,694 per ounce, respectively, was a liability of $121.6 million and $145.1 million, respectively. During the three months ended March 31, 2013 and 2012, mark-to-market adjustments for this embedded derivative amounted to a gain of $23.5 million and a loss of $12.4 million, respectively.

Payments on the royalty obligation occur monthly resulting in a decrease to the carrying amount of the minimum obligation and the derivative liability and the recognition of realized gains or losses as a result of changing prices for gold. Each monthly payment is an amount equal to the greater of the minimum of 4,167 ounces of gold or 50% of the actual gold production per month multiplied by the excess of the monthly average market price of gold above $400 per ounce (which $400 floor is subject to a 1% annual inflation compounding adjustment beginning on January 21, 2013). For the three months ended March 31, 2013 and 2012, realized losses on settlement of the liabilities were $9.1 million and $13.2 million, respectively. The mark-to-market adjustments and realized losses are included in fair value adjustments, net in the consolidated statement of operations.

Forward Foreign Exchange Contracts

The Company periodically enters into forward foreign currency contracts to reduce the foreign exchange risk associated with forecasted Mexican peso (“MXN”) operating costs at its Palmarejo mine. At March 31, 2013, the Company had MXN foreign exchange contracts of $29.4 million in U.S. dollars. These contracts require the Company to exchange U.S. dollars for MXN at a weighted average exchange rate of 12.91 MXN to each U.S. dollar and the Company had an asset with a fair value of $0.8 million at March 31, 2013. At December 31, 2012, the Company had MXP foreign exchange contracts of $26.1 million in U.S. dollars. These contracts required the Company to exchange U.S. dollars for MXN at a weighted average exchange rate of 13.11 MXN to each U.S. dollar and the Company had a liability with a fair value of $0.1 million at December 31, 2012. The Company recorded mark-to-market gains on these contracts of $0.7 million and $2.7 million for the three months ended March 31, 2013 and 2012, respectively. These mark-to-market adjustments are reflected in fair value adjustments, net. The Company recorded a realized gain of $0.6 million and a realized loss of $0.8 million in production costs applicable to sales during the three months ended March 31, 2013 and 2012, respectively.

In connection with an arrangement agreement entered into with Orko Silver Corp., the Company entered into a forward foreign currency contract in the first quarter of 2013 to reduce the foreign exchange risk associated with forecasted Canadian dollars ("CAD"). Please see Note 20 - SUBSEQUENT EVENTS for additional information. At March 31, 2013, the Company had a CAD foreign exchange contract of $100 million in U.S. dollars. This contract requires the Company to exchange U.S. dollars for CAD at an exchange rate of 1.0 CAD to each U.S. dollar and the contract had a fair value of $98.4 million at March 31, 2013. The Company recorded a mark-to-market loss on this contract of $1.6 million for the three months ended March 31, 2013. This mark-to-market adjustment is reflected in fair value adjustments, net.

Concentrate Sales Contracts

The Company enters into concentrate sales contracts with third-party smelters. The contracts, in general, provide for a provisional payment based upon provisional assays and quoted metal prices. The provisionally priced sales contain an embedded derivative that is required to be separated from the host contract for accounting purposes. The host contract is the receivable from the sale of concentrates at the forward price at the time of sale. The embedded derivative, which is the final settlement price based on a future price, does not qualify for hedge accounting. These embedded derivatives are recorded as derivative assets (in Prepaid expenses and other) or derivative liabilities (in Accrued liabilities and other) on the balance sheet and are adjusted to fair value through earnings each period until the date of final settlement. At March 31, 2013, the Company had outstanding provisionally priced sales of $30.1 million, consisting of 0.1 million ounces of silver and 15,685 ounces of gold, which had a fair value of $29.6 million including the embedded derivative. At December 31, 2012, the Company had outstanding provisionally priced sales of $33.2 million consisting of 0.4 million ounces of silver and 11,957 ounces of gold, which had a fair value of approximately $34.1 million including the embedded derivative.

Commodity Derivatives

As of March 31, 2013, the Company had outstanding call options requiring it to deliver 92,000 ounces of gold at a weighted average strike price of $1,966.14 per ounce if the market price of gold exceeds the strike price. At March 31, 2013, the Company had outstanding put options allowing it to sell 109,500 ounces of gold at a weighted average strike price of $973.14 per ounce if the market price of gold were to fall below the strike price. The contracts expire by their terms over the next three years. At December 31, 2012, the Company had written outstanding call options requiring it to deliver 97,000 ounces of gold at a weighted average strike price of $1,967.89 per ounce if the market price of gold exceeds the strike price. At December 31, 2012, the Company had outstanding put options allowing it to sell 122,000 ounces of gold at a weighted average strike price of $967.86 per ounce if the market price of gold were to fall below the strike price. As of March 31, 2013 and December 31, 2012, the fair market value of these contracts was a net liability of $4.5 million and $9.3 million, respectively. During the three months ended March 31, 2013, 12,500 ounces of gold put options expired at a weighted average strike price of $921.60 per ounce, resulting in a realized loss of $0.5 million. During the three months ended March 31, 2013, 5,000 ounces of gold call options at a weighted average strike price of $2,000.00 expired. During the three months ended March 31, 2013 and 2012, the Company recorded unrealized gains of $4.8 million and $0.2 million, respectively, related to the outstanding options which was included in fair value adjustments, net.

As of March 31, 2013, the Company had the following derivative instruments that settle in each of the years indicated in the table (in thousands except average prices, ounces and notional data):

	2013		2014		2015		Thereafter
Palmarejo gold production royalty	$	21,297	$	24,895	$	24,691	$	20,766
Average gold price in excess of minimum contractual deduction	$	502	$	498	$	494	$	490
Notional ounces	42,433		50,004		50,004		42,409
Mexican peso forward purchase contracts	$	29,400	$	—	$	—	$	—
Average rate (MXP/$)	$	12.91	$	—	$	—	$	—
Mexican peso notional amount	379,422		—		—		—
Canadian dollar forward purchase contracts	$	100,000	$	—	$	—	$	—
Average rate (CAD/$)	$	1.00	$	—	$	—	$	—
Canadian dollar notional amount	100,000		—		—		—
Silver concentrate sales agreements	$	4,395	$	—	$	—	$	—
Average silver price	$	29.72	$	—	$	—	$	—
Notional ounces	147,898		—		—		—
Gold concentrates sales agreements	$	25,683	$	—	$	—	$	—
Average gold price	$	1,637	$	—	$	—	$	—
Notional ounces	15,685		—		—		—
Gold put options purchased	$	1,260	$	720	$	—	$	—
Average gold strike price	$	931	$	979	$	1,010	$	—
Notional ounces	32,500		47,000		30,000		—
Gold call options sold	$	—	$	720	$	—	$	—
Average gold strike price	$	2,000	$	1,934	$	2,000	$	—
Notional ounces	15,000		47,000		30,000		—

The following summarizes the classification of the fair value of the derivative instruments as of March 31, 2013 and December 31, 2012 (in thousands):

	March 31, 2013
	Prepaid expenses and other		Accrued liabilities and other		Other long- term liabilities		Current portion of royalty obligation		Non-current portion of royalty obligation
Forward foreign exchange contracts Peso	$	814	$	—	$	—	$	—	$	—
Forward foreign exchange contracts Canadian dollars	—		1,598		—		—		—
Palmarejo gold production royalty	—		—		—		37,279		84,285
Put and call options, net	—		1,551		2,981		—		—
Concentrate sales contracts	71		512		—		—		—
	$	885	$	3,661	$	2,981	$	37,279	$	84,285

	December 31, 2012
	Prepaid expenses and other		Accrued liabilities and other		Other long- term Liabilities		Current portion of royalty obligation		Non-current portion of royalty obligation
Forward foreign exchange contracts Peso	$	376	$	300	$	—	$	—	$	—
Palmarejo gold production royalty	—		—		—		41,146		103,952
Put and call options, net	—		2,025		7,274		—		—
Concentrate sales contracts	1,030		163		—		—		—
	$	1,406	$	2,488	$	7,274	$	41,146	$	103,952

The following represent mark-to-market gains (losses) on derivative instruments for the three months ended March 31, 2013 and 2012 (in thousands):

		Three months ended March 31,
Financial statement line	Derivative	2013			2012
Sales of metal	Concentrate sales contracts	$	(1,755	)	$	1,336
Production costs applicable to sales	Forward foreign exchange contracts	627			(783		)
Fair value adjustments, net	Forward foreign exchange contracts MXN Peso	738			2,690
Fair value adjustments, net	Forward foreign exchange contracts Canadian dollar	(1,598		)	—
Fair value adjustments, net	Silver ounces receivable	—			359
Fair value adjustments, net	Palmarejo gold royalty	14,429			(25,611		)
Fair value adjustments, net	Put and call options	4,228			(551		)
		$	16,669		$	(22,560	)

Please see Note 4 - FAIR VALUE MEASUREMENTS for additional detail on the fair value amounts for derivatives.

Credit Risk

The credit risk exposure related to any potential derivative instruments is limited to the unrealized gains, if any, on outstanding contracts based on current market prices. To reduce counter-party credit exposure, the Company deals with financial institutions management deems credit worthy and limits credit exposure to each. The Company does not anticipate non-performance by any of its counterparties. In addition, to allow for situations where positions may need to be revised, the Company deals only in markets that management considers highly liquid.

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Debt and Capital Lease Obligations (Table)

3 Months Ended

Mar. 31, 2013

Debt Disclosure [Abstract]

Long term debt and capital lease obligations

The current and non-current portions of long-term debt and capital lease obligations as of March 31, 2013 and December 31, 2012 are as follows (in thousands):

	March 31, 2013				December 31, 2012
	Current		Non-Current		Current		Non-Current
3.25% Convertible Senior Notes due March 2028	$	—	$	5,334	$	48,081	$	—
7.875% Senior Notes due 2021	—		300,000		—		—
Capital lease obligations	6,130		2,457		7,902		3,460
	$	6,130	$	307,791	$	55,983	$	3,460

Interest expenses incurred for various debt instruments

For the three months ended March 31, 2013 and 2012, the Company expensed interest of $9.7 million and $6.7 million, respectively.

	Three months ended March 31,
	2013			2012
	(in thousands)
3.25% Convertible Senior Notes due March 2028	$	337		$	395
7.875% Senior Notes due January 2021	4,134			—
Revolving Credit Facility	125			—
Kensington Term Facility (terminated in 2012)	—			974
Capital lease obligations	168			343
Other debt obligations	197			69
Accretion of Franco Nevada royalty obligation	4,062			5,104
Amortization of debt issuance costs	525			256
Accretion of debt discount	577			612
Capitalized interest	(393		)	(1,083		)
Total interest expense, net of capitalized interest	$	9,732		$	6,670

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Significant Customers

3 Months Ended

Mar. 31, 2013

Significant Customers [Abstract]

SIGNIFICANT CUSTOMERS

OTE 17 – SIGNIFICANT CUSTOMERS

The Company markets its doré to credit worthy bullion trading houses, market makers and members of the London Bullion Market Association, industrial companies and sound financial institutions. The refined metals are sold to end users for use in electronic circuitry, jewelry, silverware, pharmaceutical products, and the technology industry. The Company currently has eight trading counterparties (International Commodities, Mitsui, Mitsubishi, Standard Bank, TD Securities, Valcambi, Johnson Matthey and Auramet) and the sales of metals to these companies amounted to approximately 70% and 90% of total metal sales for the three months ended March 31, 2013 and 2012, respectively. Generally, the loss of a single bullion trading counterparty would not adversely affect the Company due to the liquidity of the markets and the availability of alternative trading counterparties.

Sales of silver and gold concentrates to third parties (Nyrstar, Aurubis, Sumitomo, Trafigura, Auramet, and China National Gold) amounted to approximately 30% and 10% of total metal sales for the three months ended March 31, 2013, and 2012, respectively. The loss of any one smelting and refining client may have a material adverse effect if alternate smelters and refiners are not available. The Company believes there is sufficient global capacity available to address the loss of any one smelter.

The following table indicates customers that represent 10% or more of total sales of metal for the three months ended March 31, 2013 and 2012 (in millions):

Customer	Three months ended March 31,		Three months ended March 31,		Segments reporting sales of metal
	2013		2012
Valcambi	$	12.2	$	107.9	Palmarejo, San Bartolomé
Auramet	$	24.2	$	13.9	San Bartolomé, Kensington
Mitsui	$	22.4	$	16.7	Palmarejo, San Bartolomé, Rochester
Standard Bank	$	17.4	$	14.5	Palmarejo
Johnson Matthey	$	25.2	$	—	Palmarejo, San Bartolomé, Rochester

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Segment Reporting (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013		Mar. 31, 2012		Dec. 31, 2012
Financial information relating to reporting segments
Sales of metal	$ 171,797		$ 204,564
Production costs applicable to sales	(88,784)		(92,554)
Depreciation and depletion	(50,436)		(52,592)
Gross profit	32,577		59,418
Exploration expense	6,841		6,567
Loss on impairment	119		0
OPERATING INCOME	10,905		44,187
Interest and other income	3,821		5,007
Interest expense	(9,732)		(6,670)
Fair value adjustments, net	17,796		(23,113)
Income tax benefit (expense)	(10,520)		(15,436)
Net income	12,270		3,975
Capital expenditures	12,827		31,647
Assets	3,423,682				3,221,401
Palmarejo [Member]
Financial information relating to reporting segments
Sales of metal	57,426		123,722
Production costs applicable to sales	(26,718)		(45,860)
Depreciation and depletion	(28,950)		(37,769)
Gross profit	1,758		40,093
Exploration expense	1,980		1,320
Other operating expenses	0		0
OPERATING INCOME	(222)		38,773
Interest and other income	1,941		4,581
Interest expense	(3,738)		(4,810)
Fair value adjustments, net	14,429		(25,611)
Income tax benefit (expense)	(3,534)		(3,544)
Net income	8,876		9,389
Capital expenditures	5,314	[1]	7,170	[1]
Assets	1,900,071	[2]	2,008,004	[2]
San Bartolome [Member]
Financial information relating to reporting segments
Sales of metal	33,141		41,376
Production costs applicable to sales	(15,678)		(13,608)
Depreciation and depletion	(4,756)		(4,219)
Gross profit	12,707		23,549
Exploration expense	53		70
Other operating expenses	3,721		5
OPERATING INCOME	8,933		23,474
Interest and other income	605		95
Interest expense	(32)		0
Fair value adjustments, net	0		0
Income tax benefit (expense)	(4,328)		(7,689)
Net income	5,178		15,880
Capital expenditures	457	[1]	10,207	[1]
Assets	303,761	[2]	285,276	[2]
Kensington [Member]
Financial information relating to reporting segments
Sales of metal	39,274		10,377
Production costs applicable to sales	(23,565)		(17,090)
Depreciation and depletion	(13,386)		(6,605)
Gross profit	2,323		(13,318)
Exploration expense	672		222
Other operating expenses	76		19
OPERATING INCOME	1,575		(13,559)
Interest and other income	130		0
Interest expense	(259)		(892)
Fair value adjustments, net	4,227		(551)
Income tax benefit (expense)	0		0
Net income	5,673		(15,002)
Capital expenditures	3,330	[1]	10,878	[1]
Assets	498,762	[2]	504,082	[2]
Rochester [Member]
Financial information relating to reporting segments
Sales of metal	39,474		18,758
Production costs applicable to sales	(21,502)		(9,565)
Depreciation and depletion	(2,181)		(1,642)
Gross profit	15,791		7,551
Exploration expense	484		709
Other operating expenses	144		1,341
OPERATING INCOME	15,163		5,501
Interest and other income	57		49
Interest expense	(5)		(8)
Fair value adjustments, net	0		0
Income tax benefit (expense)	0		0
Net income	15,215		5,542
Capital expenditures	3,299	[1]	2,639	[1]
Assets	114,381	[2]	90,072	[2]
Martha [Member]
Financial information relating to reporting segments
Sales of metal	(501)		3,618
Production costs applicable to sales	0		(3,694)
Depreciation and depletion	(117)		(596)
Gross profit	(618)		(672)
Exploration expense	2,995		3,412
Loss on impairment	119
Other operating expenses	1,045		197
OPERATING INCOME	(4,777)		(4,281)
Interest and other income	908		(75)
Interest expense	(15)		0
Fair value adjustments, net	0		0
Income tax benefit (expense)	73		(201)
Net income	(3,811)		(4,557)
Capital expenditures	0	[1]	659	[1]
Assets	8,304	[2]	24,183	[2]
Endeavor [Member]
Financial information relating to reporting segments
Sales of metal	2,983		6,713
Production costs applicable to sales	(1,321)		(2,737)
Depreciation and depletion	(824)		(1,644)
Gross profit	838		2,332
Exploration expense	0		0
Other operating expenses	0		0
OPERATING INCOME	838		2,332
Interest and other income	(13)		0
Interest expense	0		0
Fair value adjustments, net	0		0
Income tax benefit (expense)	0		0
Net income	825		2,332
Capital expenditures	0	[1]	0	[1]
Assets	93,770	[2]	36,372	[2]
Joaquin [Member]
Financial information relating to reporting segments
Sales of metal	0		0
Production costs applicable to sales	0		0
Depreciation and depletion	0		0
Gross profit	0		0
Exploration expense	0		0
Other operating expenses	11		0
OPERATING INCOME	(11)		0
Interest and other income	(14)		0
Interest expense	15		0
Fair value adjustments, net	0		0
Income tax benefit (expense)	0		0
Net income	(10)		0
Capital expenditures	0	[1]	0	[1]
Assets	31,054	[2]	0	[2]
Other Mining Properties [Member]
Financial information relating to reporting segments
Sales of metal	0		0
Production costs applicable to sales	0		0
Depreciation and depletion	(222)		(117)
Gross profit	(222)		(117)
Exploration expense	657		834
Other operating expenses	9,714		7,102
OPERATING INCOME	(10,593)		(8,053)
Interest and other income	206		357
Interest expense	(5,698)		(960)
Fair value adjustments, net	(860)		3,049
Income tax benefit (expense)	(2,731)		(4,002)
Net income	(19,676)		(9,609)
Capital expenditures	427	[1]	94	[1]
Assets	13,561	[2]	17,104	[2]
Reportable Segment [Member]
Financial information relating to reporting segments
Sales of metal	171,797		204,564
Production costs applicable to sales	(88,784)		(92,554)
Depreciation and depletion	(50,436)		(52,592)
Gross profit	32,577		59,418
Exploration expense	6,841		6,567
Loss on impairment	119
Other operating expenses	14,711		8,664
OPERATING INCOME	10,906		44,187
Interest and other income	3,820		5,007
Interest expense	(9,732)		(6,670)
Fair value adjustments, net	17,796		(23,113)
Income tax benefit (expense)	(10,520)		(15,436)
Net income	12,270		3,975
Capital expenditures	12,827	[1]	31,647	[1]
Assets	$ 2,963,664	[2]	$ 2,965,093	[2]

[1] Balance represents cash flow amounts

[2] Segment assets consist of receivables, prepaids, inventories, property, plant and equipment, and mining properties

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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 12,270	$ 3,975
Add (deduct) non-cash items
Depreciation, depletion and amortization	50,436	52,592
Accretion of discount on debt and other assets, net	522	541
Accretion of royalty obligation	3,670	4,580
Deferred income taxes	7,425	7,677
Fair value adjustments, net	(16,042)	21,778
Gain (loss) on foreign currency transactions	(465)	299
Share-based compensation	1,096	2,137
(Gain) loss on Disposition of Assets	(868)	0
Loss on impairment	119	0
Other non-cash charges	561	256
Changes in operating assets and liabilities:
Receivables and other current assets	3,968	(2,956)
Prepaid expenses and other	(2,240)	4,774
Inventories	(20,493)	(24,722)
Accounts payable and accrued liabilities	(27,025)	(53,929)
CASH PROVIDED BY OPERATING ACTIVITIES	12,934	17,002
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of short term investments and marketable securities	(4,649)	(1,035)
Proceeds from sales and maturities of short term investments	4,822	20,018
Capital expenditures	(12,827)	(31,647)
Investment in Other Assets	(11,565)	0
Other	955	185
CASH USED IN INVESTING ACTIVITIES	(23,264)	(12,479)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of notes and bank borrowings	300,000	0
Payments on long-term debt, capital leases, and associated costs	(55,340)	(5,166)
Payments on gold production royalty	(15,448)	(21,374)
Payments for Repurchase of Common Stock	(12,557)	0
Other	(454)	(1,112)
CASH USED IN FINANCING ACTIVITIES:	216,201	(27,652)
INCREASE IN CASH AND CASH EQUIVALENTS	205,871	(23,129)
Cash and cash equivalents at beginning of period	125,440	175,012
Cash and cash equivalents at end of period	$ 331,311	$ 151,883

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Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $)	Mar. 31, 2013	Dec. 31, 2012
SHAREHOLDERS' EQUITY
Common stock, par value	$ 0.01	$ 0.01
Common stock, share authorized	150,000,000	150,000,000
Common stock, share issued	89,743,142	90,342,338

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Debt and Capital Lease Obligations

3 Months Ended

Mar. 31, 2013

Debt Disclosure [Abstract]

DEBT AND CAPITAL LEASE OBLIGATIONS

DEBT AND CAPITAL LEASE OBLIGATIONS

The current and non-current portions of long-term debt and capital lease obligations as of March 31, 2013 and December 31, 2012 are as follows (in thousands):

	March 31, 2013				December 31, 2012
	Current		Non-Current		Current		Non-Current
3.25% Convertible Senior Notes due March 2028	$	—	$	5,334	$	48,081	$	—
7.875% Senior Notes due 2021	—		300,000		—		—
Capital lease obligations	6,130		2,457		7,902		3,460
	$	6,130	$	307,791	$	55,983	$	3,460

3.25% Convertible Senior Notes

Per the indenture governing the 3.25% Convertible Senior Notes due 2028 (the “Convertible Notes”), the Company announced on February 13, 2013 that it was offering to repurchase all of its outstanding 3.25% Convertible Senior Notes due 2028. As of February 12, 2013, there was $48.7 million aggregate principal amount of Convertible Notes outstanding. The Company repurchased $43.3 million in aggregate principal amount, leaving a balance of $5.3 million at March 31, 2013. The carrying value of the equity component was $10.9 million at March 31, 2013 and December 31, 2012.

For the three months ended March 31, 2013 and 2012 interest expense recognized was $0.3 million and $0.4 million, respectively. For the three months ended March 31, 2013 and 2012 accretion of the debt discount was $0.6 million. The effective interest rate on the Convertible Notes was 8.9%.

7.875% Senior Notes

On January 29, 2013, the Company completed an offering of $300 million in aggregate principal amount of 7.875% Senior Notes due 2021 (the “Notes”) in a private placement conducted pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). As of March 31, 2013, the outstanding balance of the 7.875%  Senior Notes due 2021 was $300.0 million.

The Notes are governed by an Indenture, dated as of January 29, 2013 (the “Indenture”), among the Company, as issuer, certain of the Company's subsidiaries named therein, as guarantors thereto (the “Guarantors”), and the Bank of New York Mellon, as trustee (the “Trustee”).

The Notes bear interest at a rate of 7.875% per year from the date of original issuance or from the most recent payment date to which interest has been paid or provided for. Interest on the Notes is payable semi-annually in arrears on February 1 and August 1 of each year, commencing on August 1, 2013. The Company will make each interest payment to the holders of record of the Notes on the immediately preceding January 15 and July 15. In certain circumstances the Company may be required to pay additional interest. For the three months ended March 31, 2013 interest expense recognized was $4.1 million.

At any time prior to February 1, 2017, the Company may redeem all or part of the Notes upon not less than 30 nor more than 60 days prior notice at a redemption price equal to the sum of (i) 100% of the principal amount thereof, plus (ii) a make-whole premium as of the date of redemption, plus (iii) accrued and unpaid interest and additional interest, if any, thereon, to the date of redemption. In addition, the Company may redeem some or all of the Notes on or after February 1, 2017, at redemption prices set forth in the Indenture, together with accrued and unpaid interest. At any time prior to February 1, 2016, the Company may use the proceeds of certain equity offerings to redeem up to 35% of the aggregate principal amount of the Notes, including any permitted additional Notes, at a redemption price equal to 107.875% of the principal amount.

The Indenture also contains certain “Events of Default” (as defined in the Indenture) customary for indentures of this type. If an Event of Default has occurred and is continuing, the Trustee or the holders of not less than 25% in aggregate principal amount of the Notes then outstanding may, and the Trustee at the request of the holders of not less than 25% in aggregate principal amount of the Notes then outstanding shall, declare all unpaid principal of, premium, if any, and accrued interest on all the Notes to be due and payable.

The terms of the notes include affirmative and negative covenants that the Company believes are usual and customary, including covenants that, among other things, restrict the ability of the Company and its subsidiaries to incur additional debt, incur or permit liens on assets, make investments and acquisitions, consolidate or merge with any other company, engage in asset sales, pay dividends and distributions or repurchase or redeem capital stock, restrict the ability of subsidiaries to pay dividends to the Company, prepay, redeem or repurchase certain debt, or enter into transactions with affiliates. 

Revolving Credit Facility

On August 1, 2012, Coeur Alaska, Inc. and Coeur Rochester, Inc. (the “Borrowers”), each a wholly-owned subsidiary of the Company, entered into a new Credit Agreement (the “Credit Agreement”) by and among the Company, the Borrowers, the lenders party thereto and Wells Fargo Bank, N.A., as administrative agent. The Credit Agreement provides for a senior secured revolving credit facility (the “Revolving Credit Facility”) in an aggregate principal amount of up to $100.0 million, which principal amount may be increased, subject to receiving additional commitments therefor, by up to $50.0 million. There is a commitment fee of 0.10% on the unused portion of the line. The unused line fee for the three months ended March 31, 2013 was $0.1 million and was charged to interest expense.

The term of the Revolving Credit Facility is four years. Amounts may be borrowed under the Revolving Credit Facility to finance working capital and general corporate purposes of the Company and its subsidiaries, including the payment of fees and expenses incurred in connection with the Revolving Credit Facility. The obligations under the Revolving Credit Facility are secured by substantially all of the assets of the Company and its domestic subsidiaries, including the land, mineral rights and infrastructure at the Kensington and Rochester mines, as well as a pledge of the shares of certain of the Company's subsidiaries. In addition, in connection with the Revolving Credit Facility, Coeur Alaska, Inc. retained its existing hedge positions established under the Kensington Term Facility described below, with Wells Fargo Bank, N.A. as hedge provider.

Borrowings under the Revolving Credit Facility bear interest at a rate selected by the Borrowers equal to either LIBOR plus a margin of 2.25%-3.25% or an alternate base rate plus a margin of 1.25%-2.25%, with the margin determined by reference to the Company's ratio of consolidated debt to adjusted EBITDA.

Voluntary prepayments of the loans and voluntary reductions of the unutilized portion of the commitments under the Revolving Credit Facility are permitted without prepayment premium or penalty, subject to payment of customary LIBOR breakage costs. Amounts so repaid may be re-borrowed subject to customary requirements.

The Revolving Credit Facility contains representations and warranties, events of default and affirmative and negative covenants that the Company believes are usual and customary, including covenants that, among other things, restrict the ability of the Company and its subsidiaries to incur additional debt, incur or permit liens on assets, make investments and acquisitions, consolidate or merge with any other company, engage in asset sales and make dividends and distributions. The Revolving Credit Facility also contains financial covenants that require (i) ratio of consolidated debt to adjusted EBITDA to be not greater than 3.25 to 1.00 (subject to a step-down to 3.00 to 1.00 after two years), (ii) ratio of adjusted EBITDA to interest expense to be not less than 3.00 to 1.00 and (iii) tangible net worth to be not less than 90% of tangible net worth as of March 31, 2012 plus 25% of net income for each fiscal quarter ending after March 31, 2012 to the date of measurement.

As of March 31, 2013, no amounts were outstanding under the Revolving Credit Facility.

Kensington Term Facility

On August 16, 2012, Coeur Alaska prepaid all obligations and indebtedness outstanding under the Coeur Alaska, Inc. Term Facility Agreement, as amended and restated on December 20, 2010, with Credit Suisse AG (the "Kensington Term Facility"), which totaled approximately $68.6 million. Upon payment in full, the Kensington Term Facility was terminated and all of the liens granted under the Kensington Term Facility were released.

As a condition to the Kensington Term Facility with Credit Suisse, the Company agreed to enter into a gold hedging program which protects a minimum of 243,750 ounces of gold production over the life of the term facility against the risk associated with fluctuations in the market price of gold. This program consists of a series of zero cost collars which consist of a floor price and a ceiling price of gold. Coeur Alaska has transferred these hedge positions to Wells Fargo Bank, N.A., as hedge provider. Call options protecting 92,000 ounces of gold were outstanding at March 31, 2013. The weighted average strike price of the call options was $1,966.14. Put options protecting 109,500 ounces of gold were outstanding at March 31, 2013. The weighted average strike price of the put options was $973.14. Call options protecting 97,000 ounces of gold were outstanding at December 31, 2012. The weighted average strike price of the call options was $1,967.89. Put options protecting 122,000 ounces of gold were outstanding at December 31, 2012. The weighted average strike price of the put options was $967.86.

Capital Lease Obligations

As of March 31, 2013 and December 31, 2012, the Company had outstanding balances on capital leases of $8.6 million and $11.4 million, respectively.

Palmarejo Gold Production Royalty Obligation

The Company recognized accretion expense on the Palmarejo gold production royalty obligation for the three months ended March 31, 2013 and 2012 of $4.1 million and $5.1 million, respectively. As of March 31, 2013 and December 31, 2012, the remaining minimum obligation under the royalty agreement was $59.7 million and $61.9 million, respectively. Please see Note 15 - DERIVATIVE FINANCIAL INSTRUMENTS for additional information on the gold production royalty obligation.

Interest Expense

The Company expenses interest incurred on its various debt instruments as a cost of operating its properties. For the three months ended March 31, 2013 and 2012, the Company expensed interest of $9.7 million and $6.7 million, respectively.

	Three months ended March 31,
	2013			2012
	(in thousands)
3.25% Convertible Senior Notes due March 2028	$	337		$	395
7.875% Senior Notes due January 2021	4,134			—
Revolving Credit Facility	125			—
Kensington Term Facility (terminated in 2012)	—			974
Capital lease obligations	168			343
Other debt obligations	197			69
Accretion of Franco Nevada royalty obligation	4,062			5,104
Amortization of debt issuance costs	525			256
Accretion of debt discount	577			612
Capitalized interest	(393		)	(1,083		)
Total interest expense, net of capitalized interest	$	9,732		$	6,670

Capitalized Interest

The Company capitalizes interest incurred on its various debt instruments as a cost of properties under development. For the three months ended March 31, 2013 and 2012, the Company capitalized interest of $0.4 million and $1.1 million, respectively.

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Document and Entity Information	3 Months Ended
	Mar. 31, 2013	May 08, 2013
Document and Entity Information [Abstract]
Entity Registrant Name	COEUR D ALENE MINES CORP
Entity Central Index Key	0000215466
Document Type	10-Q
Document Period End Date	Mar. 31, 2013
Amendment Flag	false
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q1
Trading Symbol	CDE
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		101,476,722

XML

Reclamation and Mine Closure

3 Months Ended

Mar. 31, 2013

Asset Retirement Obligation Disclosure [Abstract]

Asset retirement obligation

RECLAMATION AND MINE CLOSURE

Reclamation and mine closure costs are based principally on legal and regulatory requirements. Management estimates costs associated with reclamation of mining properties as well as remediation costs for inactive properties. The Company uses assumptions about future costs, mineral prices, mineral processing recovery rates, production levels, capital costs and reclamation costs. Such assumptions are based on the Company’s current mining plan and the best available information for making such estimates. The sum of the expected costs by year is discounted, using the Company's credit adjusted risk free interest rate. On an ongoing basis, management evaluates its estimates and assumptions; however, actual amounts could differ from those based on such estimates and assumptions.

Changes to the Company’s asset retirement obligations are as follows (in thousands):

	Three months ended March 31,
	2013			2012
Asset retirement obligation - Beginning	$	33,434		$	32,714
Accretion	743			724
Addition and changes in estimates	—			—
Settlements	(2		)	(4		)
Asset retirement obligation - March 31	$	34,175		$	33,434

In addition, the Company has accrued $0.8 million and $0.9 million as of March 31, 2013 and December 31, 2012, respectively, for reclamation liabilities related to former mining activities. These amounts are also included in reclamation and mine closure liabilities.

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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Statement of Other Comprehensive Income [Abstract]
Sales of metal	$ 171,797	$ 204,564
Production costs applicable to sales	(88,784)	(92,554)
Depreciation, depletion and amortization	(50,436)	(52,592)
Gross profit	32,577	59,418
COSTS AND EXPENSES
Administrative and general	10,227	7,596
Exploration	6,841	6,567
Loss on impairment	119	0
Pre-development, care, maintenance and other	4,485	1,068
Total cost and expenses	21,672	15,231
OPERATING INCOME	10,905	44,187
OTHER INCOME AND EXPENSE
Fair value adjustments, net	17,796	(23,113)
Interest income and other	3,821	5,007
Interest expense, net of capitalized interest	(9,732)	(6,670)
Total other income and expense	11,885	(24,776)
Income before income taxes	22,790	19,411
Income tax provision	(10,520)	(15,436)
Net income	$ 12,270	$ 3,975
Basic income per share:
Net income	$ 0.14	$ 0.04
Diluted income per share:
Net income	$ 0.14	$ 0.04
Weighted average number of shares of common stock
Basic	89,948	89,591
Diluted	90,036	89,821

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Investment in Marketable Securities

3 Months Ended

Mar. 31, 2013

Investments, Debt and Equity Securities [Abstract]

INVESTMENTS

INVESTMENTS

The Company classifies the marketable securities in which it invests as available-for-sale securities. Such securities are measured at fair market value in the financial statements with unrealized gains or losses recorded in other comprehensive income (loss). Please see Note 4 - FAIR VALUE MEASUREMENT for additional information on fair value classification of marketable securities. At the time securities are sold or otherwise disposed of, gains or losses are included in net income. Gross realized gains and losses are based on cost, net of discount or premium, of investments sold and there were no losses realized during the first three months of 2013 or 2012.

The equity securities reflected in the table below consist of equity securities of silver and gold exploration and development companies that the Company purchased. The following table summarizes the Company’s available-for-sale securities on hand as of March 31, 2013 and December 31, 2012 (in thousands):

	Investments in marketable securities
	Cost		Gross Unrealized Losses			Gross Unrealized Gains		Estimated Fair Value
Marketable securities at March 31, 2013	$	34,751	$	(13,072	)	$	1,819	$	23,498
Marketable securities at December 31, 2012	$	34,786	$	(10,443	)	$	2,722	$	27,065

The following table summarizes the gross unrealized losses on investment securities for which other-than-temporary impairments have not been recognized and the fair values of those securities, aggregated by the length of time the individual securities have been in a continuous unrealized loss position, at March 31, 2013 (in thousands):

	Less than twelve months					Twelve months or more					Total
	Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value
Marketable equity securities	$	(1,270	)	$	3,861	$	(11,802	)	$	10,874	$	(13,072	)	$	14,735

In the three months ended March 31, 2013 and 2012, the Company recognized an unrealized loss of $3.5 million and an unrealized gain of $0.4 million, respectively, in other comprehensive income (loss). The Company performs a quarterly assessment on each of its marketable securities with unrealized losses to determine if the security is other than temporarily impaired. The Company's management team uses industry knowledge and expertise to evaluate each investment and has determined that unrealized losses on seven investments it currently holds are not other than temporary based on a review of the potential for each issuer of securities held by the Company. The Company has the intent and ability to hold these investments until they recover or increase in value.

In addition, the Company had $1.5 million and $1.0 million of short-term investments at March 31, 2013 and December 31, 2012, respectively. These investments are held with various banks and all have maturity dates of less than one year.

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Fair Value Measurements

3 Months Ended

Mar. 31, 2013

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS

Accounting standards establish a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below:

Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2 Quoted market prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and

Level 3 Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).

The following table sets forth the Company’s financial assets and liabilities measured at fair value on a recurring basis (at least annually) by level within the fair value hierarchy. As required by accounting guidance, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement (in thousands):

	Fair Value at March 31, 2013
	Total		Level 1		Level 2		Level 3
Assets:
Short term investments	$	1,498	$	1,498	$	—	$	—
Marketable equity securities	23,498		23,498		—		—
	$	24,996	$	24,996	$	—	$	—
Liabilities:
Royalty obligation embedded derivative	$	121,564	$	—	$	121,564	$	—
Put and call options	4,532		—		4,532		—
Other derivative instruments, net	1,225		—		1,225		—
	$	127,321	$	—	$	127,321	$	—

	Fair Value at December 31, 2012
	Total		Level 1		Level 2		Level 3
Assets:
Short term investments	$	999	$	999	$	—	$	—
Marketable securities	27,065		27,065		—		—
Other derivative instruments, net	943		—		943		—
	$	29,007	$	28,064	$	943	$	—
Liabilities:
Royalty obligation embedded derivative	$	145,098	$	—	$	145,098	$	—
Put and call options	9,299		—		9,299		—
	$	154,397	$	—	$	154,397	$	—

The Company’s short-term investments are readily convertible to cash and, therefore, these investments are classified within Level 1 of the fair value hierarchy.

The Company’s marketable equity securities are recorded at fair market value in the financial statements based on quoted market prices, which are accessible at the measurement date for identical assets. Such instruments are classified within Level 1 of the fair value hierarchy. Please see Note 5 - INVESTMENTS for additional details on marketable equity securities.

The Company’s derivative instruments related to the gold put and call options, royalty obligation embedded derivative, and other derivative instruments, net, which relate to the concentrate sales contracts and foreign exchange contracts, are valued using pricing models which require inputs that are derived from observable market data, including contractual terms, forward market prices, yield curves and credit spreads. The model inputs can generally be verified and do not involve significant management judgment. Such instruments are classified within Level 2 of the fair value hierarchy.

The Company had no Level 3 financial assets and liabilities as of March 31, 2013 or December 31, 2012.

There were no transfers between levels of fair value measurements of financial assets and liabilities during the first three months of 2013.

Financial assets and liabilities that are not measured at fair value at March 31, 2013 and December 31, 2012 are set forth below (in thousands):

	Fair Value at March 31, 2013
	Total		Level 1		Level 2		Level 3
Liabilities:
3.25% Convertible Senior Notes	$	5,394	$	5,394	$	—	$	—
7.875% Senior Notes due 2021	$	300,000	$	—	$	300,000	$	—
Palmarejo Gold Production Royalty Obligation	$	85,290	$	—	$	85,290	$	—

	Fair Value at December 31, 2012
	Total		Level 1		Level 2		Level 3
Liabilities:
3.25% Convertible Senior Notes	$	48,220	$	48,220	$	—	$	—
Palmarejo Gold Production Royalty Obligation	$	90,617	$	—	$	90,617	$	—

The fair value at March 31, 2013 and December 31, 2012 of the 3.25% Convertible Senior Notes outstanding were determined by active market transactions. As such, the notes are classified as Level 1 in the fair value hierarchy.

The fair value of the Palmarejo Gold Production Royalty Obligation is valued using a pricing model which requires inputs that are derived from observable market data, including contractual terms, yield curves, and credit spreads. The model inputs can generally be verified and do not involve significant management judgment. As such, the obligation is classified within Level 2 of the fair value hierarchy.

The fair value of the Company's cash equivalents, receivables, restricted assets, accounts payable, accrued liabilities, and capital leases approximate book value due to the nature of these assets and liabilities and are classified as Level 1 in the fair value hierarchy, except for capital leases which are classified as Level 2.

The fair value of the Company's 7.875% Senior Notes due 2021 has been determined to be at par as there has been minimal variance in fair value due to their recent issuance.

The fair value of the Company's non-current portion of the refundable value added tax is not practicable to estimate due to the uncertainty of the timing of the expected future cash flows to be received.

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Commitments and Contingencies

3 Months Ended

Mar. 31, 2013

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES

Labor Union Contracts

The Company maintains one labor agreement with Sindicato de la Empresa Minera Manquiri at the San Bartolomé mine in Bolivia. The labor agreement, which became effective October 11, 2007, does not have a fixed term. As of March 31, 2013, approximately 10.6% of the Company’s worldwide labor force was covered by collective bargaining agreements.

Termination Benefits

The Company established a termination benefit program for its employees at the Rochester mine in 2005. The program provided a financial benefit in the form of severance pay to terminated employees if their employment was terminated due to curtailment of operations. The individual benefit was based on the employee’s service time and rate of pay at the time of termination. The Rochester mine resumed mining and crushing operations in late 2011. As of November 2012, the plan was terminated.

Changes to the Company's termination benefits are as follows (in thousands):

	Three months ended March 31,
	2013		2012
Beginning Balance	$	—	$	3,335
Accruals	—		87
Ending Balance	$	—	$	3,422

The Company does not have a written severance plan for any of its operations including those operations located in Chile, Argentina, Bolivia and Mexico. However, laws in these foreign jurisdictions require payment of certain minimum statutory termination benefits. Accordingly, in situations where minimum statutory termination benefits must be paid to the affected employees, the Company records employee severance costs in accordance with U.S. GAAP. The Company has accrued obligations for post-employment benefits in these locations of approximately $7.7 million and $7.6 million as of March 31, 2013 and December 31, 2012, respectively.

Kensington Production Royalty

On July 7, 1995, Coeur, through its wholly-owned subsidiary, Coeur Alaska, Inc., acquired the 50% ownership interest of Echo Bay Exploration Inc., or Echo Bay, giving Coeur 100% ownership of the Kensington property. Coeur Alaska is obligated to pay Echo Bay, a subsidiary of Kinross Gold Corporation, a scaled net smelter return royalty on 1.0 million ounces of future gold production after Coeur Alaska recoups the $32.5 million purchase price and its construction and development expenditures incurred after July 7, 1995 in connection with placing the property into commercial production. The royalty ranges from 1% at gold prices of $400 per ounce to a maximum of 2.5% at gold prices above $475 per ounce, with the royalty to be capped at 1.0 million ounces of production. No royalty has been paid to date.

Rochester Production Royalty

The Company acquired the Rochester property from ASARCO, a subsidiary of Grupo Mexico SA de CV, in 1983. The Company is obligated to pay a net smelter royalty interest to ASARCO when the market price of silver equals or exceeds $23.60 per ounce up to a maximum rate of 5%. Royalty expense was $1.0 million and $0.6 million, respectively for the three months ended March 31, 2013 and 2012, respectively.

Palmarejo Gold Production Royalty

On January 21, 2009, Coeur Mexicana entered into a gold production royalty transaction with Franco-Nevada Corporation under which Franco-Nevada purchased a royalty covering 50% of the life of mine gold to be produced from its Palmarejo silver and gold mine in Mexico. The royalty agreement provides for a minimum obligation to be paid monthly on a total of 400,000 ounces of gold, or 4,167 ounces per month over an initial eight year period. Please see Note 15 - DERIVATIVE FINANCIAL INSTRUMENTS for additional detail on the Palmarejo gold production royalty.

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Income Taxes

3 Months Ended

Mar. 31, 2013

Income Tax Disclosure [Abstract]

INCOME TAXES

INCOME TAXES

For the three months ended March 31, 2013, the Company reported an income tax provision of approximately $10.5 million compared to an income tax provision of $15.4 million for the three months ended March 31, 2012.

The following table summarizes the components of the Company’s income tax provision from continuing operations for the three months ended March 31, 2013 and 2012 (in thousands):

	Three months ended March 31,
	2013			2012
United States	$	(2,487	)	$	(3,137	)
Argentina	73			(201		)
Australia	(105		)	(711		)
Mexico	(3,673		)	(3,698		)
Bolivia	(4,328		)	(7,689		)
Income tax provision from continuing operations	$	(10,520	)	$	(15,436	)

The income tax provision for the three months ended March 31, 2013 varies from the statutory rate primarily because of differences in tax rates for the Company's foreign operations and changes in valuation allowances for net deferred tax assets, permanent differences and foreign exchange rate differences. The variance is also attributable to an audit of San Bartolomé's 2009 Bolivian tax return, whereby San Bartolomé incurred an additional $1.5 million of tax expense, including interest and penalties related to uncertainty in similar tax positions.

The Company has U.S. net operating loss carryforwards which expire in 2017 through 2031. Net operating losses in foreign countries have an indefinite carryforward period, except in Mexico where net operating loss carryforwards are limited to ten years.

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Property, Plant and Equipment

3 Months Ended

Mar. 31, 2013

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following (in thousands):

	March 31, 2013			December 31, 2012
Land	$	2,010		$	2,010
Buildings and improvements	582,681			581,286
Machinery and equipment	370,381			360,199
Capitalized leases for machinery, equipment, buildings, and land	28,270			35,129
	983,342			978,624
Accumulated depreciation and amortization	(333,470		)	(313,067		)
	649,872			665,557
Construction in progress	17,824			18,303
	$	667,696		$	683,860

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Derivative Financial Instruments and Fair Value of Financial Instruments (Details)	3 Months Ended	12 Months Ended										3 Months Ended																																			3 Months Ended
	Mar. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)	Dec. 31, 2012 MXN	Mar. 31, 2013 2013 [Member]	Mar. 31, 2013 2013 [Member] MXN	Mar. 31, 2013 2014 [Member]	Mar. 31, 2013 2014 [Member] MXN	Mar. 31, 2013 Derivative Instruments Settle in Year 2014 Member [Member]	Mar. 31, 2013 Derivative Instruments Settle in Year 2014 Member [Member] MXN	Mar. 31, 2013 Thereafter [Member]	Mar. 31, 2013 Thereafter [Member] MXN	Mar. 31, 2013 Franco-Nevada warrant [Member] USD ($)	Mar. 31, 2012 Franco-Nevada warrant [Member] USD ($)	Mar. 31, 2013 Palmarejo gold production royalty [Member] 2013 [Member] USD ($) oz	Mar. 31, 2013 Palmarejo gold production royalty [Member] 2014 [Member] USD ($) oz	Mar. 31, 2013 Palmarejo gold production royalty [Member] Derivative Instruments Settle in Year 2014 Member [Member] USD ($) oz	Mar. 31, 2013 Palmarejo gold production royalty [Member] Thereafter [Member] USD ($) oz	Mar. 31, 2013 Mexican peso forward purchase contracts [Member] 2013 [Member] USD ($)	Mar. 31, 2013 Mexican peso forward purchase contracts [Member] 2014 [Member] USD ($)	Mar. 31, 2013 Mexican peso forward purchase contracts [Member] Derivative Instruments Settle in Year 2014 Member [Member] USD ($)	Mar. 31, 2013 Mexican peso forward purchase contracts [Member] Thereafter [Member] USD ($)	Mar. 31, 2013 Mexican Peso Notional Amount [Member] 2013 [Member] oz	Mar. 31, 2013 Mexican Peso Notional Amount [Member] 2014 [Member] oz	Mar. 31, 2013 Mexican Peso Notional Amount [Member] Derivative Instruments Settle in Year 2014 Member [Member] oz	Mar. 31, 2013 Mexican Peso Notional Amount [Member] Thereafter [Member] oz	Mar. 31, 2013 Silver ounces received from Mandalay [Member] 2013 [Member] USD ($) oz	Mar. 31, 2013 Silver ounces received from Mandalay [Member] 2014 [Member] USD ($) oz	Mar. 31, 2013 Silver ounces received from Mandalay [Member] Derivative Instruments Settle in Year 2014 Member [Member] USD ($) oz	Mar. 31, 2013 Silver ounces received from Mandalay [Member] Thereafter [Member] USD ($) oz	Mar. 31, 2013 Silver concentrate sales agreements [Member] 2013 [Member] USD ($) oz	Mar. 31, 2013 Silver concentrate sales agreements [Member] 2014 [Member] USD ($) oz	Mar. 31, 2013 Silver concentrate sales agreements [Member] Derivative Instruments Settle in Year 2014 Member [Member] USD ($) oz	Mar. 31, 2013 Silver concentrate sales agreements [Member] Thereafter [Member] USD ($) oz	Mar. 31, 2013 Gold concentrates sales agreements [Member] 2013 [Member] USD ($) oz	Mar. 31, 2013 Gold concentrates sales agreements [Member] 2014 [Member] USD ($) oz	Mar. 31, 2013 Gold concentrates sales agreements [Member] Derivative Instruments Settle in Year 2014 Member [Member] USD ($) oz	Mar. 31, 2013 Gold concentrates sales agreements [Member] Thereafter [Member] USD ($) oz	Mar. 31, 2013 Gold put options purchased [Member] 2013 [Member] USD ($) oz	Mar. 31, 2013 Gold put options purchased [Member] 2014 [Member] USD ($) oz	Mar. 31, 2013 Gold put options purchased [Member] Derivative Instruments Settle in Year 2014 Member [Member] USD ($) oz	Mar. 31, 2013 Gold put options purchased [Member] Thereafter [Member] USD ($) oz	Mar. 31, 2013 Gold call options sold [Member]	Mar. 31, 2013 Gold call options sold [Member] 2013 [Member] USD ($) oz	Mar. 31, 2013 Gold call options sold [Member] 2014 [Member] USD ($) oz	Mar. 31, 2013 Gold call options sold [Member] Derivative Instruments Settle in Year 2014 Member [Member] USD ($) oz	Mar. 31, 2013 Gold call options sold [Member] Thereafter [Member] USD ($) oz	Mar. 31, 2013 Foreign Exchange Forward [Member] Mexican peso forward purchase contracts [Member] USD ($)	Mar. 31, 2012 Foreign Exchange Forward [Member] Mexican peso forward purchase contracts [Member] USD ($)
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net																																															$ 700,000	$ 2,700,000
Derivative Instruments, Loss Recognized in Income												9,100,000	13,200,000
Derivative instruments Settlement
Derivative, Notional Amount														21,297,000	24,895,000	24,691,000	20,766,000									100,000,000	0	0	0	4,395,000	0	0	0	25,683,000	0	0	0	1,260,000	720,000	0	0		0	720,000	0	0
Derivative average gold price in excess of minimum contractual Deduction Rate	400													502,000	498,000	494,000	490,000
Fair value of foreign exchange contracts																		29,400,000	0	0	0
Average rate			13.11		12.91		0.00		0		0
Average forward price																										1.00	0	0	0
Derivative average price																										29.72	0	0	0					1,637	0	0	0
Average strike price				2,000	2,000	1,934	1,934	2,000	2,000	0	0																											931	979	1,010	0	2,000.00
Notional ounces														42,433	50,004	50,004	42,409					379,422	0	0	0	100,000	0	0	0	147,898	0	0	0	15,685	0	0	0	32,500	47,000	30,000	0		15,000	47,000	30,000	0
Derivative Instruments, Gain (Loss) Recognized in Income, Net																																															600,000	800,000
Weighted Average Put Feature of Each Collar	$ 973.14	$ 967.86

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Receivables

3 Months Ended

Mar. 31, 2013

Receivables [Abstract]

RECEIVABLES

RECEIVABLES

Receivables consist of the following (in thousands):

	March 31, 2013		December 31, 2012
Receivables - current portion
Accounts receivable - trade	$	9,487	$	8,701
Refundable income tax	4,131		9,331
Refundable value added tax	49,149		40,020
Accounts receivable - other	5,415		4,386
	$	68,182	$	62,438
Receivables - non-current portion
Refundable value added tax	$	39,061	$	48,767

Trade receivables and other receivable balances are reported at outstanding principal amounts, net of an allowance for doubtful accounts. Management evaluates the collectability of receivable account balances to determine the allowance, if any. There were no allowances against receivable balances at March 31, 2013 or December 31, 2012.

Taxes paid to foreign governments that are refundable to the Company are classified as “Refundable value added tax” at the face value of the amount of the tax refund due. Refunds expected to be received in the next twelve months are classified as “current” and amounts that are expected to be received after twelve months are classified as “non-current”.

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Metal and Other Inventories

3 Months Ended

Mar. 31, 2013

Inventory Disclosure [Abstract]

METAL AND OTHER INVENTORIES

METAL AND OTHER INVENTORY

Metal and other inventory consist of the following (in thousands):

	March 31, 2013		December 31, 2012
Concentrate and doré inventory	$	107,960	$	91,130
Supplies	76,730		79,540
Metal and other inventory	$	184,690	$	170,670

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Mining Properties

3 Months Ended

Mar. 31, 2013

Mining Properties [Abstract]

MINING PROPERTIES

MINING PROPERTIES

Mining properties consist of the following (in thousands):

March 31, 2013	Palmarejo			San Bartolomé			Kensington			Rochester			Martha			Endeavor			Joaquin		Other		Total
Mining properties	$	158,718		$	70,351		$	335,424		$	115,963		$	11,416		$	—		$	—	$	—	$	691,872
Accumulated depletion	(87,359		)	(19,349		)	(53,519		)	(100,844		)	(11,416		)	—			—		—		(272,487		)
	71,359			51,002			281,905			15,119			—			—			—		—		419,385
Mineral interests	1,658,389			26,642			—			—			—			44,033			93,430		—		1,822,494
Accumulated depletion	(248,942		)	(7,678		)	—			—			—			(15,449		)	—		—		(272,069		)
	1,409,447			18,964			—			—			—			28,584			93,430		—		1,550,425
Non-producing and development properties	—			—			—			—			—			—			—		142		142
Total mining properties	$	1,480,806		$	69,966		$	281,905		$	15,119		$	—		$	28,584		$	93,430	$	142	$	1,969,952

December 31, 2012	Palmarejo			San Bartolomé			Kensington			Rochester			Martha			Endeavor			Joaquin		Other		Total
Mining properties	$	155,722		$	70,322		$	333,619		$	114,973		$	11,416		$	—		$	—	$	—	$	686,052
Accumulated depletion	(82,037		)	(18,439		)	(46,649		)	(100,437		)	(11,416		)	—			—		—		(258,978		)
	73,685			51,883			286,970			14,536			—			—			—		—		427,074
Mineral interests	1,658,389			26,642			—			—			—			44,033			93,429		—		1,822,493
Accumulated depletion	(235,795		)	(7,338		)	—			—			—			(14,625		)	—		—		(257,758		)
	1,422,594			19,304			—			—			—			29,408			93,429		—		1,564,735
Non-producing and development properties	—			—			—			—			—			—			—		142		142
Total mining properties	$	1,496,279		$	71,187		$	286,970		$	14,536		$	—		$	29,408		$	93,429	$	142	$	1,991,951

Operational Mining Properties

Palmarejo Mine: Palmarejo is located in the State of Chihuahua in northern Mexico, and its principal silver and gold properties are collectively referred to as the “Palmarejo mine.” The Palmarejo mine commenced production in April 2009.

San Bartolomé Mine: The San Bartolomé mine is a silver mine located near the city of Potosi, Bolivia. The mineral rights for the San Bartolomé project are held through long-term joint venture/lease agreements with several local independent mining co-operatives and the Bolivian state owned mining organization, (“COMIBOL”). The Company commenced commercial production at San Bartolomé in June 2008.

Kensington Mine: The Kensington mine is an underground gold mine and consists of the Kensington and adjacent Jualin properties located on the east side of the Lynn Canal about 45 miles north-northwest of Juneau, Alaska. The Company commenced commercial production in July of 2010.

Rochester Mine: The Company has conducted operations at the Rochester mine, located in Western Nevada, since September 1986. The mine utilizes the heap-leaching process to extract both silver and gold from ore mined using open pit methods. Rochester’s primary product is silver with gold produced as a by-product.

Martha Mine: The Martha mine is an underground silver mine located in Argentina. Coeur acquired a 100% interest in the Martha mine in April 2002. The Martha mine ceased active mining operations in September 2012.

Mineral Interests

Endeavor Mine: In May 2005, CDE Australia Pty Ltd, (“CDE Australia”), a wholly-owned subsidiary of Coeur acquired the silver production and reserves, up to a maximum 17.7 million  payable ounces, contained at the Endeavor mine in Australia, which is owned and operated by Cobar Operations Pty. Limited (“Cobar”), a wholly-owned subsidiary of CBH Resources Ltd. (“CBH”). In March 2006, CDE Australia entered into an amended agreement under which it owns all silver production and reserves up to a total of 20.0 million payable ounces.

CDE Australia began realizing reductions in revenues in the fourth quarter of 2008 as a result of a silver price sharing provision that was part of the purchase agreement. CDE Australia has received approximately 4.3 million payable ounces to-date and the current ore reserve contains approximately 4.3 million payable ounces based on current metallurgical recovery and current smelter contract terms.

Joaquin Project: The Joaquin project is located in the Santa Cruz province of southern Argentina. The Company commenced exploration of this large property located north of the Company's Martha silver mine in November 2007. Since that time, the Company has defined silver and gold mineralization in two deposits at Joaquin, La Negra and La Morocha, collectively referred to as the "Joaquin Project," and has recently commenced work on detailed drilling and other technical, economic and environmental programs. Please see Note 8 - ACQUISITION OF JOAQUIN MINERAL INTERESTS in the Company’s Form 10-K for the year ended December 31, 2012.

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Commitments and Contingencies (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Amount Accrued
Beginning Balance	$ 0	$ 3,335
Accruals	0	87
Ending Balance	$ 0	$ 3,422

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Significant Customers (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Standard [Member] | Palmarejo [Member]
Customers total revenue
Customers total revenue	$ 17.4	$ 14.5
Valcambi [Member] | Palmarejo San Bartolome [Member]
Customers total revenue
Customers total revenue	12.2	107.9
Auramet [Member] | Palmarejo San Bartolome [Member]
Customers total revenue
Customers total revenue	24.2	13.9
International Commodities [Member] | Palmarejo San Bartolome Rochester [Member]
Customers total revenue
Customers total revenue	25.2	0
Mitsui [Member] | Palmarejo San Bartolome Rochester [Member]
Customers total revenue
Customers total revenue	$ 22.4	$ 16.7
Sales Revenue, Segment [Member]
Revenue, Major Customer [Line Items]
Concentration Risk, Percentage	10.00%

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Derivative Financial Instruments and Fair Value of Financial Instruments (Details Textual)	3 Months Ended	12 Months Ended						3 Months Ended					3 Months Ended				3 Months Ended			3 Months Ended		3 Months Ended
	Mar. 31, 2013 USD ($) oz	Dec. 31, 2012 USD ($) oz	Dec. 31, 2012 MXN	Mar. 31, 2013 Call Option [Member] oz	Dec. 31, 2012 Call Option [Member] oz	Mar. 31, 2013 Put Option [Member] oz	Dec. 31, 2012 Put Option [Member] oz	Mar. 31, 2013 Franco-Nevada warrant [Member] USD ($)	Mar. 31, 2012 Franco-Nevada warrant [Member] USD ($)	Dec. 31, 2012 Franco-Nevada warrant [Member] USD ($)	Mar. 31, 2013 Gold call options sold [Member]	Mar. 31, 2013 Gold Call Options Expired [Member] oz	Mar. 31, 2013 Gold put options expired [Member] [Member] USD ($) oz	Mar. 31, 2013 Palmarejo gold production royalty [Member] oz	Dec. 31, 2012 Palmarejo gold production royalty [Member]	Jan. 21, 2009 Palmarejo gold production royalty [Member]	Mar. 31, 2013 Forward foreign exchange contracts [Member] Mexican peso forward purchase contracts [Member] USD ($)	Mar. 31, 2012 Forward foreign exchange contracts [Member] Mexican peso forward purchase contracts [Member] USD ($)	Dec. 31, 2012 Forward foreign exchange contracts [Member] Mexican peso forward purchase contracts [Member] USD ($)	Mar. 31, 2013 Forward foreign exchange contracts [Member] Canadian Dollar Forward Exchange Contract [Member] USD ($)	Mar. 31, 2013 Silver [Member] Cerro Bayo Mine [Member] USD ($)	Mar. 31, 2013 Commodity [Member] USD ($)	Mar. 31, 2012 Commodity [Member] USD ($)	Dec. 31, 2012 Commodity [Member] USD ($)	Mar. 31, 2013 Maximum [Member] Palmarejo gold production royalty [Member] oz	Mar. 31, 2013 Mexican Peso To United States Dollar [Member] MXN	Mar. 31, 2013 Canadian Dollar To United States Dollar [Member]
Derivative [Line Items]
Life of Mine Production, Percentage																50.00%
Additional Derivative Financial Instruments and Fair Value of Financial Instruments (Textual) [Abstract]
Payment made for gold on the end of royalty obligation														4,167
Percentage of Gold Production														50.00%
Derivative Average Gold Price in Excess of Minimum Contractual Deduction Rate	$ 400
Annual Inflation Compounding Adjustment														1.00%
Royalty Guarantees, Commitments, Amount																									400,000
Total gold remain outstanding														184,851
Fair Value Assumptions, Risk Free Interest Rate	4.20%	4.20%
Derivative, Average Forward Price														1,609	1,694
Fair value liability of the embedded derivative								121,600,000		145,100,000
Company recognized Mark to Market loss								23,500,000	12,400,000
Realized losses on settlement of the liabilities								9,100,000	13,200,000
Weighted average exchange rate			13.11																							12.91	1.0
Fair value of foreign exchange contracts																	800,000		(100,000)	(98,400,000)
Mark-to-market gains and losses on forward foreign exchange contract																	700,000	2,700,000		(1,600,000)
Mark-to-market Realized gains on forward foreign exchange contract																	600,000	800,000
Notional Amount of Foreign Currency Derivatives																	29,400,000		26,100,000	100,000,000
Gold under collars protection				92,000	97,000	109,500	122,000
Weighted Average Put Feature of Each Collar	973.14	967.86
Weighted Average Call Feature of Each Collar	1,966.14	1,967.89
Contract expiration date						3 years
Notional ounces												5,000	12,500
Derivative fair value of derivative liability																						9,300,000		4,500,000
Realized loss from transaction													500,000
Average strike price											2,000.00	921.60
Unrealized gain																						4,800,000	200,000
Fair value of the contract																					0
Derivative Financial Instruments and Fair Value of Financial Instruments (Textual) [Abstract]
Outstanding provisionally priced sales consists of silver	0	400,000
Outstanding provisionally priced sales consists of Gold	15,685	11,957
Outstanding provisionally priced sales	0	33,200,000
Fair value of gold and silver including embedded derivative		$ 34,100,000

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Property, Plant and Equipment (Tables)

3 Months Ended

Mar. 31, 2013

Property, Plant and Equipment [Abstract]

Property, plant and equipment

Property, plant and equipment consist of the following (in thousands):

	March 31, 2013			December 31, 2012
Land	$	2,010		$	2,010
Buildings and improvements	582,681			581,286
Machinery and equipment	370,381			360,199
Capitalized leases for machinery, equipment, buildings, and land	28,270			35,129
	983,342			978,624
Accumulated depreciation and amortization	(333,470		)	(313,067		)
	649,872			665,557
Construction in progress	17,824			18,303
	$	667,696		$	683,860

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Property, Plant and Equipment (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Property, plant and equipment
Land	$ 2,010	$ 2,010
Building improvements	582,681	581,286
Machinery and equipment	370,381	360,199
Capitalized leases for machinery, equipment and buildings	28,270	35,129
Property, plant and equipment, gross	983,342	978,624
Accumulated depreciation and amortization	(333,470)	(313,067)
Property Plant and Equipment Net before Construction in Progress	649,872	665,557
Construction in Progress	17,824	18,303
Property, plant and equipment, net	$ 667,696	$ 683,860

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Defined Contribution and 401(k)

3 Months Ended

Mar. 31, 2013

Postemployment Benefits [Abstract]

DEFINED CONTRIBUTION AND 401(k)

DEFINED CONTRIBUTION AND 401(k) PLANS

Defined Contribution Plan

The Company provides a noncontributory defined contribution retirement plan for all eligible U.S. employees. Total contributions, which are based on a percentage of the salary of eligible employees, were $0.6 million and $0.5 million, for the three months ended March 31, 2013 and 2012, respectively.

401(k) Plan

The Company maintains a retirement savings plan (which qualifies under Section 401(k) of the U.S. Internal Revenue Code) covering all eligible U.S. employees. Under the plan, employees may elect to contribute up to 100% of their cash compensation, subject to ERISA limitations. The Company adopted a Safe Harbor Tiered Match and is required to make matching contributions equal to 100% of the employee’s contribution up to 3% of the employee’s compensation plus matching contributions equal to 50% of the employee’s contribution up to an additional 2% of the employee’s compensation. Total plan expenses recognized in the Company’s consolidated financial statements for the three months ended March 31, 2013 and 2012 were $0.7 million and $0.6 million, respectively.

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Litigation and Other Events

3 Months Ended

Mar. 31, 2013

Commitments and Contingencies Disclosure [Abstract]

LITIGATION AND OTHER EVENTS

LITIGATION AND OTHER EVENTS

Sites Related to Callahan Mining Corporation

In 1991, the Company acquired all of the outstanding common stock of Callahan Mining Corporation. Since then, the Company has received requests for information or notices of potential liability from state or federal agencies with regard to Callahan's operations at sites in Idaho, Maine, Colorado and Washington. The Company did not make any decisions with respect to generation, transport or disposal of hazardous waste at these sites. Therefore, the Company believes that it is not liable for any potential cleanup costs either directly as an operator or indirectly as a parent. To date, none of these agencies have made any claims against the Company or Callahan for cleanup costs. The Company anticipates that further agency interaction may be possible with respect to three of these sites, discussed below.

Callahan operated a mine and mill in Brooksville, Maine from 1968 until 1972 and subsequently disposed of the property. In 2000, the U.S. Environmental Protection Agency, or EPA, made a formal request to the Company for information regarding the site. The site was placed on the National Priorities List on September 5, 2002, and the Maine Department of Transportation, a partial owner of the property, signed a consent order in 2005. In January 2009, the EPA and the State of Maine made additional formal requests to the Company for information relating to the site, to which the Company responded. The first phase of cleanup at the site began in April 2011.

The Van Stone Mine in Stevens County, Washington consists of several parcels and was mined from 1926 until 1993. Callahan sold its parcel in 1990. In February 2010, the State of Washington Department of Ecology notified Callahan Mining Corporation that it, among others, is a potentially liable person (PLP) under Washington law. Asarco LLC ("Asarco"), an affiliate of American Smelting and Refining Company, which developed the mill on the site in 1951, settled for $3.5 million. Another potentially liable person, Vaagen Brothers, signed a consent order which allows access to the site for a Remedial Investigation and Feasibility Study. Neither the Company nor Callahan Mining Corporation has received any further notices from the Washington Department of Ecology. On June 5, 2012, Asarco filed a lawsuit in the U.S. District Court for the Eastern District of Washington against five named defendants, including Callahan Mining Corporation, seeking contribution for the $3.5 million settlement. Callahan Mining Corporation filed a response and defense to the lawsuit on December 11, 2012 and does not believe it has any liability to Asarco. The Court has set a trial date for April 28, 2014.

Callahan controlled the Akron Mine in Gunnison County, Colorado under lease and option agreements with several owners from 1937-1960. In December 2003, the United States Forest Service (“USFS”) made a formal request for information to the Company for information regarding the site, to which the Company responded. In February 2007, the USFS made a formal request for information to Callahan for information regarding the site, to which Callahan responded. In April 2013, the USFS made a formal request for information to the Company regarding the site, to which the Company intends to respond.

Bolivian Temporary Restriction on Mining above 4,400 Meters

On October 14, 2009, the Bolivian state-owned mining organization, COMIBOL, announced by resolution that it was temporarily suspending mining activities above the elevation of 4,400 meters above sea level while stability studies of Cerro Rico mountain are undertaken. The Company holds rights to mine above this elevation under valid contracts with COMIBOL as well as under authorized contracts with local mining cooperatives that hold their rights under contract themselves with COMIBOL. The Company temporarily adjusted its mine plan to confine mining activities to the ore deposits below 4,400 meters above sea level and timely notified COMIBOL of the need to lift the restriction.

The Cooperative Reserva Fiscal, with which the Company has one of those contracts, subsequently interpreted the COMIBOL resolution and determined that the Huacajchi deposit was not covered by such resolution. In March 2010, the Cooperative Reserva Fiscal notified COMIBOL that, based on its interpretation, it was resuming mining of high grade material above the 4,400 meter level in the Huacajchi deposit. In December 2011, the Cooperative Reserva Fiscal sent a similar notification to COMIBOL with respect to a further area above the 4,400 meter level known as Huacajchi Sur. Based on these notifications and on the absence of any objection from COMIBOL, the Company resumed mining operations at the San Bartolomé mine on the Huacajchi deposit and Huacajchi Sur. Mining in other areas above the 4,400 meter level continues to be suspended.

The partial suspension may reduce production until the Company is able to resume mining above 4,400 meters generally. It is uncertain at this time how long the suspension will remain in place. In addition, it is possible that COMIBOL may decide that the Company's operations at the Huacajchi deposit or Huacajchi Sur are subject to the COMIBOL resolution, which may force the Company to cease mining at such deposits. If COMIBOL objects to the Company mining at the Huacajchi deposit or Huacajchi Sur or if the other restrictions are not lifted, the Company may need to write down the carrying value of the asset. It is also uncertain if any new mining or investment policies or shifts in political attitude may affect mining in Bolivia.

Unpatented Mining Claims Dispute at Rochester in Nevada

On December 5, 2011, Coeur Rochester filed a lawsuit in the Sixth Judicial District Court of Nevada against Rye Patch Gold Corp and Rye Patch Gold US, Inc. seeking a declaratory judgment as to Coeur Rochester's ownership of 447 unpatented mining claims covering approximately 8,600 acres of federal lands in and surrounding the Coeur Rochester mine operation.  On December 5, 2011, Rye Patch Gold US, Inc. filed a similar action asserting its interest in the claims in the Second Judicial District Court of Nevada.  The Rye Patch action was subsequently moved to the Sixth Judicial Court and consolidated with Coeur Rochester's pending action.  The dispute stems from competing asserted interests in the mining claims between Coeur Rochester and Rye Patch following Coeur Rochester's inadvertent failure to pay annual mining claim maintenance fees.   On December 5, 2011, the court issued a temporary restraining order prohibiting Rye Patch from entering the property.  On December 20, 2011, following a hearing, the District Court judge issued a preliminary injunction, enjoining Rye Patch from entering certain active mine areas at the Coeur Rochester mine operation.  On March 6, 2012 Rye Patch filed a Motion for Preliminary Injunction to which Coeur Rochester responded in opposition on March 21, 2012. It is Coeur Rochester's position that there is no new material for review by the Court since the original preliminary injunction was granted in favor of Coeur Rochester. However, if granted in favor of Rye Patch, a preliminary injunction could halt Coeur Rochester's mining operations on the disputed claims. On May 7, 2012, the Court appointed a Special Master to address certain pre-trial matters. A hearing on the Motion was held before the Special Master appointed by the Court on June 27-28, 2012. On August 6, 2012, the Special Master issued a recommendation that the Court deny Rye Patch's motion on the grounds that Rye Patch did not demonstrate a likelihood of success on the merits of the case and did not show that it would suffer irreparable harm if a preliminary injunction were not granted. On August 9-10, 2012, the Court entered orders adopting a number of recommendations made by the Special Master regarding several pending motions, including an order denying Rye Patch's motion to revoke the appointment of the Special Master. On October 12, 2012, the Court continued the original November 2012 trial date, which has since been re-scheduled for September 2013.

On August 27, 2012, Coeur Rochester filed a Motion for Partial Summary Judgment with the Court, requesting the Court enter an Order declaring that Rye Patch's LH Claims located within Coeur Rochester's current Bureau of Land Management (BLM) approved plan of operations boundary are invalid because claims located by trespass cannot be valid. On August 29, 2012, Rye Patch filed a competing Motion for Partial Summary Judgment requesting the Court enter an Order declaring Coeur Rochester's old unpatented mining claims as forfeited for failure to pay the annual maintenance fees to the BLM and that Rye Patch had a federal statutory right to locate the LH claims. Coeur Rochester and Rye Patch each has responded in opposition to the other party's motions and filed subsequent replies to the opposition.

On September 7, 2012, Rye Patch filed a petition with the Nevada Supreme Court requesting a special writ be issued to the District Court to prevent its enforcement of its appointment of the Special Master. On October 5, 2012, the Nevada Supreme Court entered an order granting Rye Patch's request for a temporary stay of the appointment of the Special Master. Coeur Rochester filed an answer to Rye Patch's appeal with respect to the appointment of the Special Master on November 5, 2012. A hearing on the petition is scheduled for May 13, 2013.

The Company believes it holds a superior property interest to Rye Patch based on flaws in the Rye Patch claims, and the Company's valid possessory rights in the claims. The mine operates under an approved BLM plan of operations and has continued normal operations while the legal action is pending.  The Company cannot predict how the court will rule on the ownership interest in the claims and if all or some of the claims at issue will be retained by the Company.  The Company believes there will be no impact to the current silver and gold reserves at Coeur Rochester as a result of the claims dispute. Furthermore, the Company believes the likelihood of a loss or impairment of assets is remote. The Company believes an adverse outcome would cause it to modify existing plans to further expand future mining operations, would require permits to be updated to reflect changes in claim ownership arising from an adverse outcome and would prevent the Company from future exploration in areas that are subject to any claims ultimately determined to be held by third parties.

Appeal of Plan of Operations Amendment at Rochester in Nevada

The Rochester property is also the subject of an administrative appeal filed by Great Basin Resource Watch (“GBRW”) with the Interior Board of Land Appeals (“IBLA”). This appeal challenges the decision of the U.S. Bureau of Land Management (“BLM”) to approve a plan of operations amendment permitting resumed mining in the existing mine pit and construction of a new heap leach pad.  GBRW asserts that the National Environmental Policy Act (“NEPA”) required an Environmental Impact Statement for the plan of operations amendment, as opposed to the Environmental Assessment (“EA”) that was prepared.  GBRW further alleges that BLM violated the Federal Land Policy & Management Act (“FLPMA”) by failing to avoid unnecessary and undue degradation of public lands.  Because GBRW did not seek a stay of BLM's decision, operations are proceeding as approved. Coeur was granted intervenor status in the appeal and is actively participating in its resolution.  The BLM and Coeur assert that the EA complies with NEPA and that BLM complied with FLPMA by, among other things, requiring mitigation of any possible future effects on water quality.  BLM filed a Supplemental Briefing on March 1, 2012 regarding additional analysis conducted by the BLM further supporting and strengthening BLM and Coeur's positions that the EA complies with NEPA. The Company cannot predict whether this will result in further briefing with the IBLA, when the IBLA will rule on the appeal or what impact, if any, an adverse ruling may have on Rochester's operations.

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Receivables (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Receivables - current portion
Accounts Receivable - Trade	$ 9,487	$ 8,701
Refundable income tax	4,131	9,331
Refundable value added tax	49,149	40,020
Accounts Receivable - Other	5,415	4,386
Receivables, net current portion	68,182	62,438
Receivables - non-current portion
Refundable value added tax	$ 39,061	$ 48,767

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Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2013

Commitments and Contingencies Disclosure [Abstract]

Amount Accrued

Changes to the Company's termination benefits are as follows (in thousands):

	Three months ended March 31,
	2013		2012
Beginning Balance	$	—	$	3,335
Accruals	—		87
Ending Balance	$	—	$	3,422

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Condensed Consolidated Statement of Comprehensive Income (Loss) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Net income	$ 12,270	$ 3,975
Other Comprehensive Income:
Other Comprehensive Unrealized Gain	(3,531)
Unrealized loss on available for sale securities		424
Other comprehensive loss	(3,531)	424
COMPREHENSIVE INCOME	$ 8,739	$ 4,399

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Earnings Per Share

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

Basic earnings per share is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during each period. Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. For the three months ended March 31, 2013, 780,421 shares of common stock equivalents related to equity-based awards have not been included in the diluted per share calculation as the shares would be antidilutive. For the three months ended March 31, 2012, 1,167 shares of common stock equivalents related to equity-based awards have not been included in the diluted per share calculation as the shares would be antidilutive. The 3.25% Convertible Senior Notes were not included in the computation of diluted earnings per share for the three months endedMarch 31, 2013 and 2012 because there is no excess value upon conversion over the principal amount of the Notes.

The effect of potentially dilutive stock outstanding as of March 31, 2013 and 2012 are as follows (in thousands, except per share data):

	Three months ended March 31, 2013
	Income (Numerator)		Shares (Denominator)	Per-Share Amount
Basic EPS
Net income available to common shareholders	$	12,270	89,948	$	0.14
Effect of Dilutive Securities
Equity awards	—		88
Diluted EPS
Net income available to common shareholders	$	12,270	90,036	$	0.14
	Three months ended March 31, 2012
	Income (Numerator)		Shares (Denominator)	Per-Share Amount
Basic EPS
Net income available to common shareholders	$	3,975	89,591	$	0.04
Effect of Dilutive Securities
Equity awards	—		230
Diluted EPS
Net income available to common shareholders	$	3,975	89,821	$	0.04

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Share-Based Compensation Plans (Details) (USD $) In Millions, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Share-Based Compensation Plans (Textual) [Abstract]
Allocated Share-based Compensation Expense	$ 0.6	$ 1.7
Total unrecognized compensation cost	$ 8.0
Expected period to recognized, in years	1 year 10 months 24 days
Employee Stock Option [Member]
Issuance of new grants
Options exercisable	252,171
Weighted Average Exercise price	$ 33.15
Number of Units	926
Weighted Average Exercise Price	$ 20.80
SARs [Member]
Issuance of new grants
Weighted average fair value	$ 8.11
SARs Exercisable	65,019
Weighted Average Exercise price	$ 14.21
Number of Units	3,846
Weighted Average Exercise Price	$ 15.40
January 31, 2012 [Member]
Issuance of new grants
Grant Date	Jan. 02, 2013
January 31, 2012 [Member] | Restricted Stock [Member]
Issuance of new grants
Restricted and Performance shares	1,805
Granted date fair value of Restricted and Performance shares	$ 25.20
January 31, 2012 [Member] | Employee Stock Option [Member]
Issuance of new grants
Stock options	0
Grant date fair value of stock options	$ 0.00
January 31, 2012 [Member] | Performance Shares [Member]
Issuance of new grants
Restricted and Performance shares	0
Granted date fair value of Restricted and Performance shares	$ 0.00
March 1, 2012 [Member]
Issuance of new grants
Grant Date	Jan. 22, 2013
March 1, 2012 [Member] | Restricted Stock [Member]
Issuance of new grants
Restricted and Performance shares	47,994
Granted date fair value of Restricted and Performance shares	$ 23.90
March 1, 2012 [Member] | Employee Stock Option [Member]
Issuance of new grants
Stock options	77,715
Grant date fair value of stock options	$ 14.77
March 1, 2012 [Member] | Performance Shares [Member]
Issuance of new grants
Restricted and Performance shares	95,991
Granted date fair value of Restricted and Performance shares	$ 27.41
April 2, 2012
Issuance of new grants
Grant Date	Feb. 04, 2013
April 2, 2012 | Restricted Stock [Member]
Issuance of new grants
Restricted and Performance shares	18,668
Granted date fair value of Restricted and Performance shares	$ 22.63
April 2, 2012 | Employee Stock Option [Member]
Issuance of new grants
Stock options	17,692
Grant date fair value of stock options	$ 14.00
April 2, 2012 | Performance Shares [Member]
Issuance of new grants
Restricted and Performance shares	21,828
Granted date fair value of Restricted and Performance shares	$ 25.96

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Segment Reporting (Details 1) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013		Dec. 31, 2012	Mar. 31, 2012		Dec. 31, 2011
Assets
Cash and cash equivalents	$ 331,311		$ 125,440	$ 151,883		$ 175,012
Short term investments	1,498		999
Other assets	127,209		120,906
TOTAL ASSETS	3,423,682		3,221,401
Palmarejo [Member]
Assets
TOTAL ASSETS	1,900,071	[1]		2,008,004	[1]
Reportable Segment [Member]
Assets
Total assets for reportable segments	2,963,664		2,974,056
TOTAL ASSETS	2,963,664	[1]		2,965,093	[1]
San Bartolome [Member]
Assets
TOTAL ASSETS	303,761	[1]		285,276	[1]
Kensington [Member]
Assets
TOTAL ASSETS	498,762	[1]		504,082	[1]
Rochester [Member]
Assets
TOTAL ASSETS	114,381	[1]		90,072	[1]
Martha [Member]
Assets
TOTAL ASSETS	8,304	[1]		24,183	[1]
Endeavor [Member]
Assets
TOTAL ASSETS	93,770	[1]		36,372	[1]
Other Mining Properties [Member]
Assets
TOTAL ASSETS	13,561	[1]		17,104	[1]
Joaquin [Member]
Assets
TOTAL ASSETS	$ 31,054	[1]		$ 0	[1]

[1] Segment assets consist of receivables, prepaids, inventories, property, plant and equipment, and mining properties

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Subsequent Events

3 Months Ended

Mar. 31, 2013

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

Orko Aquisition

On February 20, 2013 the Company entered into an Arrangement Agreement among the Company, 0961994 B.C. Ltd., a corporation wholly-owned by the Company and incorporated under the laws of British Columbia, and Orko Silver Corp., a corporation incorporated under the laws of British Columbia engaged in the acquisition and exploration of mineral properties(“Orko” and, together with the Company and 0961994 B.C. Ltd., the “Parties”), and on March 12, 2013, the Parties entered into a Memorandum of Agreement amending certain terms of the Arrangement Agreement. Pursuant to the Arrangement Agreement, as amended, the Company acquired ("the Arrangement") all of the issued and outstanding common shares of Orko pursuant to a Plan of Arrangement under the Business Corporations Act (British Columbia). Orko’s shareholders adopted and approved the Arrangement on April 10, 2013.

The Supreme Court of British Columbia issued a final order approving the Plan of Arrangement on April 12, 2013. On April 16, 2013, the Company’s acquisition of the equity interests of Orko from the Orko shareholders was consummated by way of the Plan of Arrangement and Orko became a wholly-owned subsidiary of the Company. As a result of the completion of the arrangement, Coeur now owns all of the issued and outstanding shares of Orko. As consideration, Coeur paid a total of CAD $100 million in cash and issued an aggregate 11,572,918 common shares of Coeur and 1,588,768 warrants to acquire common shares of Coeur.

Letter of Intent to Sell Certain Assets

On April 11, 2013, the Company announced that it has entered into a letter of intent with XDM Royalty Corp. (“XDM”) to sell its interest in the silver production and reserves from the Endeavor mine in Australia (the “Endeavor silver stream”) and the royalty from the Cerro Bayo gold and silver mine in southern Chile (the “Cerro Bayo royalty”) for up to $67 million in total cash and XDM equity consideration.

At March 31, 2013, the carrying value of the Endeavor silver stream, consisting of capitalized mineral interest acquisition costs, was $28.6 million and the Cerro Bayo royalty was $6.1 million.

On May 9, 2013, the Company announced that the letter of intent with XDM has been terminated due to the dislocation in metals markets, and that the parties are continuing discussions to possibly reach a revised agreement.

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Income Taxes (Tables)

3 Months Ended

Mar. 31, 2013

Income Tax Disclosure [Abstract]

Income tax provision from continuing operations

The following table summarizes the components of the Company’s income tax provision from continuing operations for the three months ended March 31, 2013 and 2012 (in thousands):

	Three months ended March 31,
	2013			2012
United States	$	(2,487	)	$	(3,137	)
Argentina	73			(201		)
Australia	(105		)	(711		)
Mexico	(3,673		)	(3,698		)
Bolivia	(4,328		)	(7,689		)
Income tax provision from continuing operations	$	(10,520	)	$	(15,436	)

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Share-Based Compensation Plans

3 Months Ended

Mar. 31, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

SHARE-BASED COMPENSATION PLANS

SHARE-BASED COMPENSATION PLANS

The Company has an annual incentive plan and a long-term incentive plan. The Company’s shareholders approved the Amended and Restated 2003 Long-Term Incentive Plan of Coeur d’Alene Mines Corporation at the 2010 annual shareholders meeting.

The compensation expense recognized in the Company’s consolidated financial statements for the three months ended March 31, 2013 and 2012 for share based compensation awards was $0.6 million and $1.7 million, respectively. The stock appreciation rights (SARs) outstanding under the plan are liability-based awards and are required to be re-measured at the end of each reporting period with corresponding adjustments to previously recognized and future stock-based compensation expense. As of March 31, 2013, there was $8.0 million of total unrecognized compensation cost (net of estimated forfeitures) related to unvested stock options, SARs, restricted stock, and performance shares which is expected to be recognized over a weighted-average remaining vesting period of 1.9 years.

The following table summarizes the new grants issued during the three months ended March 31, 2013:

Grant date	Restricted stock	Grant date fair value of restricted stock		Stock options	Grant date fair value of stock options		Performance shares	Grant date fair value of performance shares
January 2, 2013	1,805	$	25.20	—	$	—	—	$	—
January 22, 2013	47,994	$	23.90	77,715	$	14.77	95,991	$	27.41
February 4, 2013	18,668	$	22.63	17,692	$	14.00	21,828	$	25.96

The following options and stock appreciation rights were exercised during the three months ended March 31, 2013:

Award Type	Number of Units	Weighted Average Exercise Price
Options	926	$	20.80
Stock Appreciation Rights	3,846	$	15.40

The following shows the weighted average fair value of SARs outstanding at March 31, 2013:

	SARs
Weighted average fair value	$	8.11

The following table shows the options and SARs exercisable at March 31, 2013:

Options Exercisable	Weighted Average Exercise Price		SARs Exercisable	Weighted Average Exercise Price
252,171	$	33.15	65,019	$	14.21