GoldMinerPulse.com -- Coeur d'Alene Mines Corporation:  (NI) 43-101 Metal Valuation Report

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Coeur d'Alene Mines Corporation (CDM)

Company Web Site: www.coeur.com

(NI) 43-101 reports from projects located in: Argentina (AR)  |  Australia (AU)  |  Bolivia (BO)  |  Chile (CL)  |  Mexico (MX)  |  USA (US)

This report is based on NI 43-101 disclosures and fully diluted share counts available on: 2010-03-01. Metrics have been updated with stock price and metal prices in effect at the close of Canadian markets on 2010-03-10.

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  |  2009 Q1 Conference Call Transcript  |  Canadian Insider Trading  |  

Coeur Sells Broken Hill Interest for US$55 Million in Cash July 16, 2007.

Recent Production

  • 2009 : 17.7 M oz Silver and 72,112 oz Gold
  • 2008 : 12.0 M oz Silver and 46,115 M oz Gold
  • 2007 : Silver: 11.5 M oz
Source(s): 2009 Q1 Silver production numbers are from Coeur Reports All-Time Record Annual Silver Production and Largest Silver Reserves in Company's History (viewed February 2010).

Hedge Notes:

Quote January 21, 2009 News Release Coeur Receives $80 Million from Royalty Transaction with Franco-Nevada Corporation for Future Palmarejo Gold Production :

COEUR D'ALENE, Idaho--(BUSINESS WIRE)--Jan. 21, 2009--Coeur d'Alene Mines Corporation (NYSE:CDE) (TSX:CDM) (ASX:CXC) announced today it has entered into a gold royalty stream transaction with Franco-Nevada Corporation (TSX:FNV) under which Franco-Nevada will purchase 50% of the life of mine gold to be produced by Coeur from its Palmarejo silver and gold mine in Mexico. [emphasis added]

Coeur will receive total proceeds of US$80.0 million consisting of a US$75.0 million upfront cash payment plus a contingent payment of US$5.0 million comprised of special warrants that are each exercisable to purchase one common share of Franco-Nevada for no additional consideration once the mine achieves certain completion tests. In addition to this consideration, Coeur will retain the benefit of the lesser of US$400 (increasing by 1% per annum beginning on the fourth anniversary of the transaction) and the prevailing market price for each ounce of gold delivered to Franco-Nevada.

GoldMinerPulse Most Optimistic Resource Estimate Summary (MORE):
Metrics last with prices in effect at the TSX/TSXV close on 2010-03-10

Project/Deposit CC MVpSh  PP%  MI%  I% GoldSilver
    PalmarejoMX$57.3259%10%31%1.98 M oz    147.19 M oz    
    San BartolomeBO$38.6664%35%1%     186.24 M oz    
    KensingtonUS$30.4466%22%12%2.25 M oz         
    RochesterUS$26.4132%64%4%648.44 K oz    84.96 M oz    
    EndeavorAU$12.6839%59%2%     61.08 M oz    
    Cerro BayoCL$12.0919%27%54%370.68 K oz    34.07 M oz    
    MarthaAR$0.7040%56%4%3.08 K oz    3.15 M oz    
 
GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Mar-10
Metric / MetalGoldSilver
    Metal Totals5.25 M oz    516.69 M oz    
    Metal Prices in US$ (from 2010-03-10)$1,107.10 per oz    $16.99 per oz    
    Metal Value per Share (MVpSh)
(Shown in US$ and based on fully diluted share count shown below)
$71.03    $107.27    
    Percentage of Total Metal Value39.84%    60.16%    
    PP% | MI% | I%55% | 23% | 22%    52% | 35% | 13%    
 
GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Mar-10
    Metal Value per Share (MVpSh)   US$178.30
    Average Ore Value per Tonne   US$53.65
    Metal Value Leverage (MVL)    10.96
    Market Capitalization as % of Metal Value   9.1%
    Recent Stock Price   C$16.69   (TSX/TSXV close on 2010-03-10.)
  Conversion rate used: 1 Cnd$ = 0.974756 US$ )
    Fully Diluted Share Count   81.84 M    ( Filly diluted share count estimated based on shares outstanding count at Coeurs Stock Information web page (viewed February 2010) plus outstanding options estimate based on the September 30, 2009 Form 10-Q (IFS). )
    PP% | MI% | I%   53% | 30% | 17%
Gold Metrics-- all Projects/Deposits
    Average Gold Ore Grade   0.894 g/t
    Market Capitalization
    per oz of Gold In Ground
   $253.56   US$  |   260.13   C$
    Gold Eq Oz Estimate   13.18 M oz   ( 5.25 M oz are in ground)
    Market Capitalization
    per oz of Gold Equilavent
   $101.02   US$  |   103.63   C$
Silver Metrics-- all Projects/Deposits
    Average Silver Ore Grade   60.9 g/t
    Market Capitalization
    per oz of Silver In Ground
   $2.58   US$  |   2.64   C$
    Silver Eq Oz Estimate   858.85 M oz   ( 516.69 M oz are in ground)
    Market Capitalization
    per oz of Silver Equilavent
   $1.55   US$  |   1.59   C$
 
See terms for more about GoldMinerPulse metrics.

Additional Notes:

Technical Reports Filed March 4, 2009

March 4, 2009: updated all projects using Technical reports released on March 3, 2009. 

GoldMinerPulse Coverage Status:

  • GoldMinerPulse coverage of Coeur d'Alene Mines Corporation is complete pending a final internal review.


Cerro Bayo    -  ^top^

(NI) 43-101 Report:

Title: CERRO BAYO MINE Chile Chico, Chile TECHNICAL REPORT
Date: 2010-01-01 (144 pages)

Updates:

Project Location: Chile Chico, Chile

Map View: View Cerro Bayo Mine on a Google Map.

Most Optimistic Resource Estimates (MORE):

   •Proven + Probable
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$0.77    57.26 K oz     2.530 g/t     703.90 K t    
   Silver$1.58    7.59 M oz     335.300 g/t     703.90 K t    
Estimate notes: See Table 1.2: CMCB Mineral Reserves on p. 8 of 144 of the (NI) 43-101 report dated Janaury 2010.
5.2 g/t Au equivalent cut-off grade.
   •Measured + Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$1.58    117.16 K oz     5.220 g/t     698.10 K t    
   Silver$1.66    8.00 M oz     356.400 g/t     698.10 K t    
Estimate notes: See Table 1.3: CMCB Remaining Mineral Resource Exclusive of Reserves on p. 8 of 120 of the (NI) 43-101 report dated Janaury 2009.
4 g/t Au equivalent cut-off grade
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$2.65    196.26 K oz     3.250 g/t     1.88 M t    
   Silver$3.84    18.48 M oz     306.000 g/t     1.88 M t    
Estimate notes: See Measured + Indicated note.


Endeavor    -  ^top^

(NI) 43-101 Report:

Title: ENDEAVOR MINE Cobar, New South Wales, Australia TECHNICAL REPORT
Date: 2010-01-01 (142 pages)

Updates:

Project Location: New South Wales, Australia

Map View: View project on a Google Map.

Most Optimistic Resource Estimates (MORE):

   •Proven + Probable
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Silver$4.97    23.95 M oz     98.000 g/t     7.60 M t    
Estimate notes: See Table 1.1: Proven and Probable Mineral Reserves on p. 9 of 142 in the (NI) 43-101 report dated January 2010.
   •Measured + Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Silver$7.46    35.95 M oz     61.000 g/t     18.33 M t    
Estimate notes: See Table 1.4: Remaining Mineral Resource – Exclusive of Reserves on p. 10 of 107 in the (NI) 43-101 report dated January 2009.
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Silver$0.25    1.19 M oz     97.000 g/t     380.00 K t    
Estimate notes: See Measured + Indicated note.


Kensington    -  ^top^

(NI) 43-101 Report:

Title: KENSINGTON GOLD MINE Southeast Alaska, USA TECHNICAL REPORT
Date: 2010-01-01 (162 pages)

Project Location: Alaska, USA

Map View: View Kensington Gold Mine on a Google Map.

Most Optimistic Resource Estimates (MORE):

   •Proven + Probable
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$20.09    1.49 M oz     9.260 g/t     4.99 M t    
Estimate notes: See Table 1.2: Mineral Reserves on p. 10 of 153 of the (NI) 43-101 report dated Janaury 2009.
cutoff of 0.17 opt Au
   •Measured + Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$6.63    490.21 K oz     6.170 g/t     2.47 M t    
Estimate notes: See Table 1.3: Remaining Mineral Resources Exclusive of Reserves on p. 11 of 153 of the (NI) 43-101 report dated Janaury 2009.
cutoff of 0.12 oz/ton
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$3.72    274.63 K oz     12.690 g/t     673.13 K t    
Estimate notes: See notes for Measured + Indicated above.


Martha    -  ^top^

(NI) 43-101 Report:

Title: MARTHA MINE Santa Cruz, Argentina TECHNICAL REPORT
Date: 2010-01-01 (105 pages)

Project Location: Santa Cruz, Argentina

Map View: View Martha Mine on a Google Map.

Most Optimistic Resource Estimates (MORE):

   •Proven + Probable
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$0.02    1.40 K oz     1.270 g/t     34.20 K t    
   Silver$0.26    1.25 M oz     1,136.300 g/t     34.20 K t    
Estimate notes: See Table 1.2: Mineral Reserves on p. 7 of 105 of the (NI) 43-101 report dated Janaury 2010.
Cut-off grade of 730g/t Ag Equivalent for underground minable Resources
   •Measured + Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$0.02    1.59 K oz     1.840 g/t     26.80 K t    
   Silver$0.37    1.76 M oz     2,041.300 g/t     26.80 K t    
Estimate notes: See Table 1.3: Remaining Mineral Resources Exclusive of Mineral Reserves on p. 7 of 105 of the (NI) 43-101 report dated Janaury 2009.
Mineral Resources are reported at a 350 g/t Ag equivalent cut-off grade.
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$0.00    0.09 K oz     0.150 g/t     19.40 K t    
   Silver$0.03    144.58 K oz     231.800 g/t     19.40 K t    
Estimate notes: See Measured + Indicated note.


Palmarejo    -  ^top^

(NI) 43-101 Report:

Title: PALMAREJO PROJECT SW Chihuahua State, Mexico TECHNICAL REPORT
Date: 2009-01-01 (243 pages)

Project Location: Chihuahua State, Mexico  /  Mining Region: Sierra Madre Occidental

Map View: View project on a Google Map.

Most Optimistic Resource Estimates (MORE):

   •Proven + Probable
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$14.90    1.10 M oz     2.110 g/t     16.24 M t    
   Silver$18.79    90.53 M oz     173.400 g/t     16.24 M t    
Estimate notes: See Table 1.2: Total Palmarejo Project Mineral Reserves on p. 15 of 243 of the (NI) 43-101 report dated January 2010.
Includes Mineral Reserves for Palmarejo and Guadalupe deposits.
   •Measured + Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$2.68    197.89 K oz     1.510 g/t     4.08 M t    
   Silver$3.23    15.58 M oz     118.900 g/t     4.08 M t    
Estimate notes: See Table 1.3: Total Palmarejo District Mineral Resource Exclusive of Mineral Reserves on p. 16 of 243 of the (NI) 43-101 report dated January 2010.
Cut-off grade for Palmarejo deposit: open pit 0.76 g/tAuEq,
underground 2.02 g/t AuEq Cut-off grade for Guadalupe deposit: open pit 0.95 g/t AuEq,
underground 1.93 g/t AuEq Cut-off grade for La Patria deposit 0.80 g/t AuEq
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$9.18    678.91 K oz     1.570 g/t     13.45 M t    
   Silver$8.53    41.08 M oz     95.000 g/t     13.45 M t    
Estimate notes: See Measured + Indicated note.


Rochester    -  ^top^

(NI) 43-101 Report:

Title: ROCHESTER MINE Lovelock, Nevada, USA TECHNICAL REPORT
Date: 2010-01-01 (133 pages)

Updates:

Project Location: Nevada, USA

Map View: View Rochester Mine on a Google Map.

Most Optimistic Resource Estimates (MORE):

   •Proven + Probable
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$3.18    235.06 K oz     0.190 g/t     38.48 M t    
   Silver$5.37    25.87 M oz     20.910 g/t     38.48 M t    
Estimate notes: See Table 1.2: Coeur Rochester Mine Mineral Reserves on p. 8 of 133 of the (NI) 43-101 report dated Janaury 2010.
   •Measured + Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$5.15    380.66 K oz     0.130 g/t     91.08 M t    
   Silver$10.21    49.19 M oz     16.800 g/t     91.08 M t    
Estimate notes: See Rochester portion of Table 1.3: Total Coeur Rochester Mineral Resources Exclusive of Mineral Reserves on p. 8 of 133 of the (NI) 43-101 report dated Janaury 2010.
   •Measured + Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$0.23    16.64 K oz     0.130 g/t     3.98 M t    
   Silver$1.20    5.79 M oz     45.260 g/t     3.98 M t    
Estimate notes: See Nevada Packard portion of Table 1.3: Total Coeur Rochester Mineral Resources Exclusive of Mineral Reserves on p. 8 of 133 of the (NI) 43-101 report dated Janaury 2010.
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$0.22    15.97 K oz     0.130 g/t     3.82 M t    
   Silver$0.84    4.04 M oz     32.910 g/t     3.82 M t    
Estimate notes: See Rochester portion of Table 1.3: Total Coeur Rochester Mineral Resources Exclusive of Mineral Reserves on p. 8 of 133 of the (NI) 43-101 report dated Janaury 2010.
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$0.00    0.11 K oz     0.130 g/t     26.67 K t    
   Silver$0.01    63.51 K oz     74.060 g/t     26.67 K t    
Estimate notes: See Nevada Packard portion of Table 1.3: Total Coeur Rochester Mineral Resources Exclusive of Mineral Reserves on p. 8 of 133 of the (NI) 43-101 report dated Janaury 2010.


San Bartolome    -  ^top^

(NI) 43-101 Report:

Title: San Bartolomé Potosi, Bolivia TECHNICAL REPORT
Date: 2010-01-01 (125 pages)

Updates:

Project Location: Potosi, Bolivia

Map View: View project on a Google Map.

Most Optimistic Resource Estimates (MORE):

   •Proven + Probable
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Silver$24.92    120.05 M oz     131.200 g/t     28.46 M t    
Estimate notes: See Table 1.2: San Bartolomé Mineral Reserves on p. 8 of 125 of the (NI) 43-101 report dated Janaury 2010.
   •Measured + Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Silver$13.40    64.56 M oz     59.900 g/t     33.52 M t    
Estimate notes: See Table 1.3: San Bartolomé Remaining Mineral Resources Exclusive of Reserves on p. 8 of 126 of the (NI) 43-101 report dated Janaury 2009.
Cut-off grade of 50 g/t Ag.
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Silver$0.34    1.63 M oz     47.400 g/t     1.07 M t    
Estimate notes: See Measured + Indicated note.

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