Coeur Mining (CDE) 8-K Results of Operations and Financial Condition

Contact: Scott Lamb 208-665-0777

COEUR REPORTS SHARPLY IMPROVED RESULTS FOR THIRD QUARTER OF 2006 

—HIGHLIGHTS —  

• Quarterly net income of $18.4 million, or $0.06 per diluted share

• Quarterly cash provided by operations of $20.8 million

• 38% increase in silver mineral reserves at Endeavor mine

• $3.10 silver cash production cost/oz

• 3.3 million ounces of silver production

• Almost 30,000 ounces of gold production

• Recent commencement of construction of tailings facility at San Bartolome

COEUR D’ALENE, Idaho – November 6, 2006 – Coeur d’Alene Mines Corporation (NYSE:CDE, TSX:CDM) today reported net income of $18.4 million, or $0.06 per diluted share, for the third quarter of 2006, compared to net income of $3.5 million, or $0.01 per diluted share, for the year-ago period.  Cash provided by operations was $20.8 million, compared to $3.9 million of cash provided by operations in the year-ago quarter.

For the first nine months of 2006, the company reported net income of $65.3 million, or $0.23 per diluted share, compared to net income of $0.6 million, or $0.00 per diluted share, for the same period of 2005. Results for the first nine months of 2006 include a pre-tax gain of $11.1 million from the strategic sale of Coeur Silver Valley (CSV), as well as $2.0 million of income from CSV operations at the Galena mine.

Metal  sales in the third quarter of 2006 increased 29 percent to $50.6 million from $39.3 million in the year-ago quarter.   Metal sales for the first nine months of 2006 increased 42 percent to $149.5 million from $105.0 million in the year-ago period.

In commenting on the company’s performance, Dennis E. Wheeler, Chairman, President and Chief Executive Officer, said, “Four of our five mines showed sequential-quarter increases in silver and gold production in the third quarter of 2006, which is consistent with our expectation for higher production levels in the second half of the year. The strong earnings in the third quarter of 2006 relative to the year-ago period were attributable largely to higher realized prices for silver and gold in combination with a decline in production costs applicable to sales and lower administrative expense.”

Wheeler added, “We are entering an exciting period in which we expect to begin realizing the benefits of previous investment in exploration, particularly at Cerro Bayo and Martha. At Cerro Bayo, for example, we recently began development in the first of two relatively new high-grade vein systems. At Martha, we have acquired two new properties near the mine – and have signed a letter of intent on two additional properties – all of which show great potential for production of high-grade ore. In addition, the recently announced reserve increases at Endeavor and Broken Hill in Australia bode well for the long-term production profiles of each of these mines.”

Third Quarter 2006 Results (November 6, 2006) Page 1 of 14

Wheeler said, “We remain bullish on precious metals markets. A continuation of recent price levels and demand trends will enable Coeur to maintain very healthy earnings and cash flows.”

Coeur currently expects 2006 silver production to be approximately 14 million ounces, including production from discontinued operations at CSV, with a full-year consolidated silver cash cost per ounce of approximately $3.25. The company expects full-year gold production to be approximately 120,000 ounces.

Highlights by Individual Property

• Rochester (Nevada) – Following the heavy precipitation experienced in the first half of 2006, silver production was up 22 percent in the third quarter as compared to the second quarter of 2006 in accordance with the previously forecasted trend of improving solution grade. Gold production also rebounded strongly during the third quarter as compared to the second quarter of 2006. Silver cash cost per ounce was 56 percent below that of the second quarter of 2006 due mainly to an increased gold by-product credit and improved recoveries for silver and gold. Silver cash cost per ounce declined by 69 percent relative to the year-ago quarter because higher gold prices resulted in an increased by-product credit. Silver production was below the level of the year-ago quarter due to the heavy precipitation experienced earlier this year.

• Cerro Bayo (Chile) – Silver and gold production were below year-ago levels due primarily to lower grades. Lower silver and gold production caused the cash cost per ounce of silver produced in the third quarter to be higher than the cost in the year-ago period. Under its 2006 mine plan, Cerro Bayo has been making a transition from narrow, lower-grade veins to newly developed, wider and higher-grade veins as the year progresses. Specifically, since the recent discovery of two new vein systems, the Marcela Sur and Cascada systems, Cerro Bayo has made relatively quick progress to put the veins into production. In October, Cerro Bayo began development of the Cascada system, which is expected to make a meaningful contribution to production in the fourth quarter of 2006 and beyond. Marcela Sur production is expected to commence in early 2007. Drilling is ongoing at both vein systems to expand and define the new high-grade silver and gold mineralization in these areas (see “Exploration” below).

•  Martha (Argentina) – Silver production increased 42 percent relative to the year-ago period due to a 53 percent increase in silver grade. Production also increased in the third quarter of 2006 relative to the preceding quarter due to an increase in tons milled. The higher production volumes, combined with increased gold by-product credits, helped reduce silver cash cost per ounce relative to both the year-ago period and the second quarter of 2006.

• Endeavor (Australia)– As compared to the results for the second quarter of 2006, silver production was up 69 percent as Endeavor continues to recover from an October 2005 rock fall. The company expects Endeavor to return to a more typical run rate sometime during the fourth quarter. Endeavor reported a 38 percent increase in proven and probable silver mineral reserves to 32.3 million ounces from 23.3 million ounces in the prior year.

• Broken Hill (Australia) – As compared to the results for the second quarter of 2006, silver production was up 11 percent. Comparison to the year-ago period is not meaningful because Coeur acquired its interest during the third quarter of 2005. During the year, Broken Hill has reported a 20 percent increase in proven and probable silver mineral reserves to 18 million ounces from 15 million ounces in the prior year.

Balance Sheet and Capital Investment Highlights 

The company had $365.2 million in cash and short-term investments as of September 30, 2006.  Capital expenditures during the third quarter of 2006 totaled $49.0 million, most of which was spent on the Kensington (Alaska) gold project.

• At Kensington, capital expenditures totaled $41.9 million during the quarter as the company continued with an aggressive construction schedule.  The company is aiming to complete the project and start producing gold near the end of 2007. Recent activity has focused on completion of the mill and crusher buildings. Kensington is expected to produce 100,000 ounces of gold annually.

Third Quarter 2006 Results (November 6, 2006) Page 2 of 14

• At San Bartolome, engineering and procurement activities are ongoing and, as recently announced, the company has commenced construction of the tailings facility. Capital expenditures totaled $4.1 million during the quarter.  The company is aiming to complete construction activities near the end of 2007. San Bartolome is expected to produce about 8 million ounces of silver annually.

Exploration

The company invested $2.6 million in exploration activity in the third quarter of 2006. Highlights of exploration activity are presented below.

• Argentina — The company signed a letter of intent with Mirasol Resources Ltd to explore the Sascha and Joaquin silver-gold projects in the Santa Cruz province of Argentina. This agreement comes on the heels of the company’s acquisition in the second quarter of 2006 of two new silver-gold exploration properties in the province where Coeur’s Martha mine is located.

• Cerro Bayo – Drilling is ongoing at the Cascada and Marcela vein systems to expand and define the new high-grade silver and gold mineralization in these areas. Recent Cascada drilling has targeted the north high-grade ore shoot that was discovered with exploratory drilling earlier this year. This recent drilling has returned values up to 124 grams of gold per tonne and 1,926 grams of silver per tonne (3.6 troy ounces of gold and 56.2 silver ounces per short ton).

• Kensington – The company has an ongoing program to build upon Kensington’s existing base of 1 million ounces of probable gold mineral reserves and its resource base of 269,000 indicated gold mineral ounces and 584,000 inferred gold mineral ounces. The company completed more than 4,600 feet of core drilling during the third quarter, bringing the year-to-date total to more than 32,000 feet. Surface drilling on the adjacent Jualin property began in the third quarter and totaled 4,200 feet.

• Tanzania – The company completed a rotary air blast drill program on one of its concessions in the Lake Victoria Goldfields District of northern Tanzania, where the company holds licenses covering approximately 731 square kilometers. Drilling defined numerous gold anomalies, the largest of which is 1.6 kilometers long by 0.4 kilometers wide. During the quarter, drilling totaled approximately 43,000 feet.  

Coeur d’Alene Mines Corporation is one of the world’s leading primary silver producers and has a strong presence in gold.  The company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, and Nevada. 

Conference Call Information

Coeur d’Alene Mines Corporation will hold a conference call to discuss the company’s third quarter 2006 results at 1 p.m. Eastern time on November 6, 2006. To listen live via telephone, call (877) 704-5378 (US and Canada) or (913) 312-1292 (International). The conference call and presentation will also be web cast on the company’s web sitewww.coeur.com.  A replay of the call will be available through November 13, 2006.  The replay dial-in numbers are (888) 203-1112 (US and Canada) and (719) 457-0820 (International) and the access code is 5043185.

Cautionary Statement

Company press releases may contain numerous forward-looking statements within the meaning of securities legislation in the United States and Canada relating to the company’s silver and gold mining business. Such statements are subject to numerous assumptions and uncertainties, many of which are outside the company’s control.  Operating, exploration and financial data, and other statements in this document are based on information the company believes reasonable, but involve significant uncertainties as to future gold and silver prices, costs, ore grades, estimation of gold and silver reserves, mining and processing conditions, construction schedules, currency exchange rates, and the completion and/or updating of mining feasibility studies, changes that could result from the company’s future acquisition of new mining properties or businesses, the risks and hazards inherent in the mining business (including environmental hazards, industrial accidents, weather or geologically related conditions), regulatory and permitting matters, risks inherent in the ownership and operation of, or investment in, mining properties or businesses in foreign countries, as well as other uncertainties and risk factors set out in the company’s filings from time to time with the SEC and the Ontario Securities Commission, including, without limitation, the company’s reports on Form 10-K and Form 10-Q.  Actual results and timetables could vary significantly from the estimates presented. Readers are cautioned not to put undue reliance on forward-looking statements. The company disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise. 

Third Quarter 2006 Results (November 6, 2006) Page 3 of 14

The definitions of proven and probable mineral reserves and resources under Canadian National Instrument 43-101 are substantially identical to the definitions of such reserves under Guide 7 of the SEC’s Securities Act Industry Guides. Mineral resources are in addition to mineral reserves and have not demonstrated economic viability.

Donald J. Birak, Coeur’s Senior Vice President of Exploration, is the qualified person responsible for the preparation of the scientific and technical information in this document. Mr. Birak has reviewed the available data and procedures and believes the collection of exploration data and calculation of mineral reserves reported in this document was conducted in a professional and competent manner. For a description of the key assumptions, parameters and methods used to estimate the Kensington, Endeavor and Broken Hill mineral reserves and resources, as well as a general discussion of the extent to which the estimates may be affected by any known environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant factors, please see the Kensington Gold Project Technical Report dated April 20, 2006, the Endeavor Mine Technical Report dated May 5, 2005, and the Broken Hill Mine Technical Report dated October 7, 2005 and filed on SEDAR atwww.sedar.com.

Metallurgical recovery factor of 54% should be applied to the silver reserve ounces.

Endeavor Mineral Reserves
June 30, 2006	Short Tons (000s)		Silver Grade Ounces/ton		Silver Ounces Contained (000s)
Proven		9,700		1.60		15,560
Probable		11,684		1.43		16,699
Total		21,385		1.51		32,259

Mineral Reserves at June 30, 2006:

Metal prices: $10.00/ounce silver and $2.95/pound of copper
$0.907/pound of zinc and $0.34/pound of lead

Cut-off grade: 4.3% zinc equivalent (equates to $41.20 gross revenue per ore block)

Metallurgical recovery factor of 54% should be applied to the silver reserve ounces.

Year-end 2005
Proven	5,512	1.58	8,682
Probable	6,614	2.22	14,662
Total	12,125	1.93	23,344

Third Quarter 2006 Results (November 6, 2006) Page 4 of 14

Broken Hill Mineral Reserves
June 30, 2006	Short Tons (000s)		Silver Grade Ounces/ton		Silver Ounces Contained (000s)
Proven		10,064		1.46		14,647
Probable		2,843		1.18		3,368
Total		12,907		1.40		18,015

Mineral Reserves at June 30, 2006:

Metal prices: $10.12/ounce silver
$0.907/pound of zinc and $0.408/pound of lead

Cut-off grade: 8% combined lead and zinc for the North Mine.
7% combined lead and zinc for all other deposits.

Metallurgical recovery factor of 74% should be applied to the silver reserve ounces.

Year-end 2005
Proven	8,522	1.31	11,134
Probable	2,998	1.27	3,822
Total	11,520	1.30	14,956

Third Quarter 2006 Results (November 6, 2006) Page 5 of 14

COEUR D’ALENE MINES CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
(Unaudited)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2006			2005			2006			2005
REVENUES	(In thousands except per share data)
Sales of metal	$	50,606		$	39,281		$	149,501		$	105,020
COSTS AND EXPENSES
Production costs applicable to sales		21,915			24,448			63,602			60,602
Depreciation and depletion		6,536			4,344			19,843			12,866
Administrative and general		4,045			4,326			13,662			15,031
Exploration		2,572			2,525			6,474			8,130
Pre-development		--			(35	)		--			6,051
Litigation settlements		874			--			1,343			1,600
Total costs and expenses		35,942			35,608			104,924			104,280
OTHER INCOME AND EXPENSE
Interest and other income		5,619			2,067			12,933			5,351
Interest expense, net of capitalized interest		(232	)		(737	)		(1,120	)		(1,869	)
Total other income and expense		5,387			1,330			11,813			3,482
Income from continuing operations before income taxes		20,051			5,003			56,390			4,222
Income tax provision		(1,673	)		(281	)		(4,155	)		(813	)
INCOME FROM CONTINUING OPERATIONS		18,378			4,722			52,235			3,409
Income (loss) from discontinued operations, net of income taxes		--			(1,269	)		1,969			(2,802	)
Gain (loss) on sale of net assets of discontinued operations		(27	)		--			11,132			--
NET INCOME		18,351			3,453			65,336			607
Other comprehensive income		420			134			2,161			255
COMPREHENSIVE INCOME	$	18,771		$	3,587		$	67,497		$	862
BASIC AND DILUTED INCOME (LOSS) PER SHARE
Basic income per share:
Income from continuing operations	$	0.07		$	0.02		$	0.19		$	0.01
Income (loss) from discontinued operations		--			(0.01	)		0.05			(0.01	)
Net income	$	0.07		$	0.01		$	0.24		$	0.00
Diluted income per share:
Income from continuing operations	$	0.06		$	0.02		$	0.18		$	0.01
Income (loss) from discontinued operations		--			(0.01	)		0.05			(0.01	)
Net income	$	0.06		$	0.01		$	0.23		$	0.00
Weighted average number of shares of common stock
Basic		277,543			241,683			269,259			240,572
Diluted		302,172			266,161			293,975			241,345

Third Quarter 2006 Results (November 6, 2006) Page 6 of 14

Operating Statistics From Continuing Operations

        The following table presents information by mine and consolidated sales information for the three- and nine-month periods ended September 30, 2006 and 2005:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2006			2005			2006			2005
Rochester
Tons processed		2,648,263			2,131,844			7,917,710			6,783,878
Ore grade/Ag oz		0.83			0.94			0.75			0.98
Ore grade/Au oz		0.01			0.01			0.01			0.01
Recovery/Ag oz (A)		63.9	%		84.9	%		62.0	%		60.9	%
Recovery/Au oz (A)		93.0	%		97.5	%		68.1	%		74.2	%
Silver production ounces		1,403,302			1,708,950			3,704,960			4,053,531
Gold production ounces		21,583			21,436			55,965			49,840
Cash cost/oz	$	1.14		$	3.64		$	2.58		$	5.56
Total cost/oz	$	4.02		$	5.07		$	5.68		$	7.49
Cerro Bayo
Tons milled		105,945			103,213			321,581			294,463
Ore grade/Ag oz		4.04			7.63			5.64			7.49
Ore grade/Au oz		.075			.176			0.088			0.171
Recovery/Ag oz		94.9	%		94.3	%		94.4	%		94.9	%
Recovery/Au oz		92.0	%		92.0	%		92.1	%		92.7	%
Silver production ounces		405,586			742,825			1,711,153			2,093,964
Gold production ounces		7,325			16,744			26,054			46,711
Cash cost/oz	$	8.33		$	0.37		$	3.86		$	0.33
Total cost/oz	$	11.25		$	1.86		$	6.20		$	1.97
Martha Mine
Tons milled		9,101			9,966			24,767			26,719
Ore grade/Ag oz		92.82			60.64			84.56			61.21
Ore grade/Au oz		0.123			0.079			0.111			0.078
Recovery/Ag oz		95.5	%		94.3	%		94.7	%		95.1	%
Recovery/Au oz		91.9	%		92.0	%		91.9	%		92.9	%
Silver production ounces		806,384			569,873			1,982,884			1,555,054
Gold production ounces		1,026			726			2,535			1,933
Cash cost/oz	$	4.01		$	4.24		$	4.51		$	4.52
Total cost/oz	$	4.39		$	4.62		$	4.94		$	4.91
Endeavor (B)
Tons milled		218,997			299,311			440,776			377,637
Ore grade/Ag oz		0.94			1.48			1.07			1.48
Recovery/Ag oz		66.1	%		49.8	%		63.9	%		50.0	%
Silver production ounces		136,849			220,613			302,019			279,078
Cash cost/oz	$	2.52		$	1.95		$	2.48		$	1.94
Total cost/oz	$	3.39		$	3.19		$	3.59		$	3.18
Broken Hill (B)
Tons milled		614,620			98,281			1,721,512			98,281
Ore grade/Ag oz		1.27			1.16			1.33			1.16
Recovery/Ag oz		75.1	%		73.1	%		73.3	%		73.1	%
Silver production ounces		587,360			83,010			1,672,713			83,010
Cash cost/oz	$	3.05		$	2.69		$	3.07		$	2.69
Total cost/oz	$	5.01		$	4.62		$	5.54		$	4.62
CONSOLIDATED PRODUCTION TOTALS
Silver ounces		3,339,481			3,325,271			9,373,729			8,064,637
Gold ounces		29,934			38,906			84,554			98,484
Cash cost per oz/silver	$	3.10		$	2.87		$	3.31		$	3.85
Total cost/oz	$	5.14		$	4.14		$	5.53		$	5.38
CONSOLIDATED SALES TOTALS (C)
Silver ounces sold		3,020,351			3,154,544			9,148,095			8,688,786
Gold ounces sold		26,595			38,303			81,486			107,516
Realized price per silver ounce	$	11.55		$	7.29		$	11.73		$	7.13
Realized price per gold ounce	$	634		$	452		$	625		$	436

Third Quarter 2006 Results (November 6, 2006) Page 7 of 14

^(A) The leach cycle at Rochester requires 5 to 10 years to recover gold and silver contained in the ore. The Company estimates the ultimate recovery to be approximately 61.5% for silver and 93% for gold. However, ultimate recoveries will not be known until leaching operations cease which is currently estimated for 2011. Current recovery may vary significantly from ultimate recovery. See Critical Accounting Policies and Estimates – Ore on Leach Pad.

^(B) The Company acquired its interests in the Endeavor and Broken Hill mines in May 2005 and September 2005, respectively.

^(C) Units sold at realized metal prices will not match reported metal sales due primarily to the effects of embedded derivatives in the Company’s previously priced sales contracts.

“Cash Costs per Ounce” are calculated by dividing the 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 costs per ounce as a key indicator of the profitability of each of its mining properties. Gold and silver are sold and priced in the world financial markets on a US dollar per ounce basis.

“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 expense, on-site general and administrative costs, royalties, in-mine drilling expenditures that are related to production and other direct costs. Sales of by-product metals are deducted from the above in computing cash costs. Cash costs exclude depreciation, depletion and amortization, corporate general and administrative expense, exploration, interest, and pre-feasibility costs and accruals for mine reclamation. Cash costs are calculated and presented using the “Gold Institute Production Cost Standard” applied consistently for all periods presented.

Total cash costs per ounce is a non-GAAP measurement and investors are cautioned not to place undue reliance on it and are urged to read all 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-GAAP Cash Costs to GAAP Production Costs” set forth below.

Operating Statistics From Discontinued Operation

        The following table presents information for Coeur Silver Valley which was sold on June 1, 2006:

	Three Months Ended September 30,					Nine Months Ended September 30,
	2006		2005			2006 (1)			2005
Silver Valley/Galena
Tons milled		--		28,498			52,876			101,889
Ore grade/Silver oz		--		16.62			15.15			17.46
Recovery/Silver oz		--		97.1	%		96.0	%		97.2	%
Silver production ounces		--		459,805			768,674			1,729,801
Cash cost/oz		--	$	8.39		$	9.75		$	7.60
Total cost/oz		--	$	9.47		$	10.64		$	8.47
Gold production		--		60			180			205

(1) Amounts represent five months ended May 31, 2006.

Reconciliation of Non-GAAP Cash Costs to GAAP Production Costs

        The tables below present reconciliations between non-GAAP cash costs per ounce to production costs applicable to sales including depreciation, depletion and amortization (GAAP).

        Total cash costs include all direct and indirect operating cash costs related directly to the physical activities of producing metals, including mining, processing and other plant costs, third-party refining and marketing expense, on-site general and administrative costs, royalties and mining production taxes, net of by-product revenues earned from all metals other than the primary metal produced at each unit. Total cash costs are a performance measure and provide management and investors with an indication of net cash flow, after consideration of the realized price received for production sold. Management also uses this measurement for the comparative monitoring of performance of our mining operations period-to-period from a cash flow perspective. “Total cash costs per ounce” is a measure developed by precious metals companies in an effort to provide a comparable standard, however, there can be no assurance that our reporting of this non-GAAP measure is similar to that reported by other mining companies.

Third Quarter 2006 Results (November 6, 2006) Page 8 of 14

        Production costs applicable to sales including depreciation, depletion and amortization, is the most comparable financial measure calculated in accordance with GAAP to total cash costs. The sum of the production costs applicable to sales and depreciation, depletion and amortization for our mines as set forth in the tables below is included in our Consolidated Statement of Operations and Comprehensive Loss.

THREE MONTHS ENDED SEPTEMBER 30, 2006 (In thousands except ounces and per ounce costs)
	Rochester			Cerro Bayo			Martha			Endeavor (1)			Broken Hill (1)			Total
Production of Silver (ounces)		1,403,302			405,586			806,384			136,849			587,360			3,339,481
Cash Costs per ounce	$	1.14		$	8.33		$	4.01		$	2.52		$	3.05		$	3.10
Total Cash Costs (Non-GAAP)	$	1,598		$	3,380		$	3,230		$	346		$	1,791		$	10,345
Add/Subtract:
Third party smelting costs		--			(672	)		(552	)		(224	)		(666	)		(2,114	)
By-Product credit (2)		13,423			4,542			630			--			--			18,595
Other adjustments		383			--			--			--			--			383
Change in inventory		(4,635	)		(546	)		--			(35	)		(78	)		(5,294	)
Depreciation, depletion and
amortization		4,037			1,184			313			119			1,152			6,805
Production costs applicable to
sales, including depreciation,
depletion and amortization (GAAP)	$	14,806		$	7,888		$	3,621		$	206		$	2,199		$	28,720
THREE MONTHS ENDED SEPTEMBER 30, 2005 (In thousands except ounces and per ounce costs)
	Rochester			Cerro Bayo			Martha			Endeavor (1)			Broken Hill (1)			Total
Production of Silver (ounces)		1,708,950			742,825			569,873			220,613			83,010			3,325,271
Cash Costs per ounce	$	3.64		$	0.37		$	4.24		$	1.95		$	2.69		$	2.87
Total Cash Costs (Non- GAAP)	$	6,217		$	273		$	2,415		$	430		$	224		$	9,559
Add/Subtract:
Third party smelting costs		--			(861	)		(312	)		(235	)		(70	)		(1,478	)
By-Product credit (2)		9,476			7,350			320			--			--			17,146
Other Adjustment		(55	)		10			174			--			--			129
Change in inventory		(3,326	)		2,005			410			3			--			(908	)
Depreciation, depletion and
amortization		2,437			1,109			219			274			160			4,199
Production costs applicable to
sales, including depreciation,
depletion and amortization (GAAP)	$	14,749		$	9,886		$	3,226		$	472		$	314		$	28,647

Third Quarter 2006 Results (November 6, 2006) Page 9 of 14

NINE MONTHS ENDED SEPTEMBER 30, 2006 (In thousands except ounces and per ounce costs)
	Rochester			Cerro Bayo			Martha			Endeavor (1)			Broken Hill (1)			Total
Production of Silver (ounces)		3,704,960			1,711,153			1,982,884			302,019			1,672,713			9,373,729
Cash Costs per ounce	$	2.58		$	3.86		$	4.51		$	2.48		$	3.07		$	3.31
Total Cash Costs (Non-GAAP)	$	9,570		$	6,602		$	8,939		$	750		$	5,127		$	30,988
Add/Subtract:
Third party smelting costs		--			(2,464	)		(1,333	)		(481	)		(2,000	)		(6,278	)
By-product Credit (2)		33,899			15,713			1,523			--			--			51,135
Other adjustments		1,320			--			--			--			--			1,320
Change in inventory		(11,657	)		(2,142	)		--			(89	)		325			(13,563	)
Depreciation, depletion and
amortization		11,491			4,004			853			334			4,137			20,819
Production costs applicable to
sales, including depreciation,
depletion and amortization (GAAP)	$	44,623		$	21,713		$	9,982		$	514		$	7,589		$	84,421
NINE MONTHS ENDED SEPTEMBER 30, 2005 (In thousands except ounces and per ounce costs)
	Rochester			Cerro Bayo			Martha			Endeavor (1)			Broken Hill (1)			Total
Production of Silver (ounces)		4,053,531			2,093,964			1,555,054			279,078			83,010			8,064,637
Cash Costs per ounce	$	5.56		$	0.33		$	4.52		$	1.94		$	2.69		$	3.85
Total Cash Costs (Non- GAAP)	$	22,536		$	691		$	7,030		$	541		$	224		$	31,022
Add/Subtract:
Third party smelting costs		--			(2,099	)		(811	)		(292	)		(70	)		(3,272	)
By-Product credit (2)		21,637			20,150			834			--			--			42,621
Other adjustment		(256	)		--			--			--			--			(256	)
Change in inventory		(15,124	)		5,271			376			(36	)		--			(9,513	)
Depreciation, depletion and
amortization		7,805			3,431			600			346			160			12,342
Production costs applicable to
sales, including depreciation,
depletion and amortization (GAAP)	$	36,598		$	27,444		$	8,029		$	559		$	314		$	72,944

Third Quarter 2006 Results (November 6, 2006) Page 10 of 14

The following tables present a reconciliation between non-GAAP cash costs per ounce to GAAP production costs applicable to sales reported in Discontinued Operations (see Note D):

Coeur Silver Valley/Galena	THREE MONTHS ENDED SEPTEMBER 30,					NINE MONTHS ENDED SEPTEMBER 30,
	2006 (3)		2005			2006 (3)			2005
	(In thousands except ounces and per ounce costs)
Production of Silver (ounces)		--		459,805			768,674			1,729,801
Cash Costs per ounce		--	$	8.39		$	9.75		$	7.60
Total Cash Costs (Non-GAAP)		--	$	3,859		$	7,498		$	13,149
Add/Subtract:
Third party smelting costs		--		(662	)		(1,464	)		(2,620	)
By-Product credit (2)		--		596			1,473			2,223
Change in inventory		--		3			726			(321	)
Depreciation, depletion and
amortization		--		493			681			1,506
Production costs applicable to
sales, including depreciation,
depletion and amortization (GAAP)		--	$	4,289		$	8,914		$	13,937

⁽¹⁾ The Company’s share of silver production at Endeavor and Broken Hill commenced in May 2005 and September 2005, respectively.

⁽²⁾ By-product credits are based upon production units and the period’s average metal price for the purposes of reporting cash costs per ounce.

⁽³⁾ Amounts represent five months ended May 31, 2006.

Third Quarter 2006 Results (November 6, 2006) Page 11 of 14

COEUR D’ALENE MINES CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Unaudited)

ASSETS	September 30, 2006			December 31, 2005
	(In Thousands)
CURRENT ASSETS
Cash and cash equivalents	$	354,051		$	214,616
Short-term investments		11,180			25,726
Receivables		27,207			27,986
Ore on leach pad		28,205			25,394
Metal and other inventories		17,143			12,807
Deferred tax assets		5,442			2,255
Prepaid expenses and other		5,803			4,707
Assets of discontinued operations held for sale (Note D)		--			14,828
		449,031			328,319
PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment		119,467			105,107
Less accumulated depreciation		(61,805	)		(57,929	)
		57,662			47,178
MINING PROPERTIES
Operational mining properties		126,862			121,441
Less accumulated depletion		(113,513	)		(105,486	)
		13,349			15,955
Mineral interests		72,201			72,201
Less accumulated depletion		(6,688	)		(2,218	)
		65,513			69,983
Non-producing and development properties		160,053			72,488
		238,915			158,426
OTHER ASSETS
Ore on leach pad, non-current portion		36,396			29,254
Restricted cash and cash equivalents		19,863			16,943
Debt issuance costs, net		5,227			5,454
Deferred tax assets		1,890			923
Other		7,754			8,319
		71,130			60,893
TOTAL ASSETS	$	816,738		$	594,816

Third Quarter 2006 Results (November 6, 2006) Page 12 of 14

COEUR D’ALENE MINES CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Unaudited)

	September 30, 2006			December 31, 2005
	(In thousands except share data)
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable	$	25,312		$	17,189
Other current liabilities		12,652			6,274
Accrued interest payable		469			1,031
Accrued salaries and wages		6,405			7,840
Current taxes payable		7,477			66
Liabilities of discontinued operations held for sale (Note D)		--			12,908
		52,315			45,308
LONG-TERM LIABILITIES
11/4% Convertible Senior Notes due January 2024		180,000			180,000
Reclamation and mine closure		24,459			24,082
Other long-term liabilities		3,022			3,873
		207,481			207,955
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY
Common Stock, par value $1.00 per share; authorized 500,000,000
shares, issued 279,063,659 and 250,961,353 shares in 2006 and
2005 (1,059,211 shares held in treasury)		279,064			250,961
Additional paid-in capital		777,117			656,977
Accumulated deficit		(486,372	)		(551,357	)
Shares held in treasury		(13,190	)		(13,190	)
Accumulated other comprehensive income (loss)		323			(1,838	)
		556,942			341,553
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$	816,738		$	594,816

Third Quarter 2006 Results (November 6, 2006) Page 13 of 14

COEUR D’ALENE MINES CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2006			2005			2006			2005
	(In Thousands)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	18,351		$	3,453		$	65,336		$	607
Add (deduct) non-cash items:
Depreciation and depletion		6,536			4,344			19,843			12,866
Deferred taxes		(816	)		(175	)		(3,947	)		(55	)
Unrealized loss on embedded derivative, net		(954	)		(389	)		2,247			(353	)
Share based compensation		655			313			1,819			887
Other charges		(268	)		346			253			1,350
Changes in Operating Assets and Liabilities:
Receivables		282			(463	)		1,092			(13,334	)
Prepaid and other current assets		(846	)		(371	)		(1,872	)		(1,093	)
Inventories		(5,345	)		(1,086	)		(14,290	)		(10,278	)
Accounts payable and accrued liabilities		3,196			(1,978	)		10,832			386
Discontinued operations		27			(127	)		(11,308	)		1,242
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES		20,818			3,867			70,005			(7,775	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures		(49,021	)		(57,305	)		(102,505	)		(82,693	)
Purchases of short-term investments		(7,558	)		(11,502	)		(17,441	)		(34,419	)
Proceeds from sales of short-term investments		15,465			13,019			29,081			35,207
Other		25			(53	)		(409	)		(20	)
Discontinued operations		1,081			(981	)		15,446			(2,346	)
CASH USED IN INVESTING ACTIVITIES		(40,008	)		(56,822	)		(75,828	)		(84,271	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Retirement of long-term debt		(377	)		(147	)		(1,066	)		(208	)
Proceeds from issuance of common stock		--			35,949			154,560			35,397
Payment of public offering costs		59			--			(8,329	)		--
Other		167			(65	)		93			(160	)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES		(151	)		35,737			145,258			35,029
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(19,341	)		(17,218	)		139,435			(57,017	)
Cash and cash equivalents at beginning of period		373,392			233,269			214,616			273,079
Cash and cash equivalents at end of period	$	354,051		$	216,051		$	354,051		$	216,062

Third Quarter 2006 Results (November 6, 2006) Page 14 of 14