Mill Near Completion At Martha

COEUR D'ALENE, ID - Coeur d'Alene Mines reported that commissioning of a new 240 tonne per day flotation mill is nearly completed at it's Martha Silver Mine in Southern Argentina and will accommodate annual silver production of as much as three million ounces of silver. Previously, Martha's ore was trucked to Cerro Bayo in Chile for processing. With the commissioning of this new mill, these transportation costs will be eliminated. In addition, the mine's cut-off grade will now be reduced, allowing the overall mine life to be extended due to the inclusion of additional reserves into the operation's mine plan. The Company is projecting 2008 production to exceed 3.0 million ounces of silver at cash costs of under $5.00 per ounce.
Martha produced 728,000 ounces of silver during the fourth quarter and 2.7 million ounces of silver during the full-year of 2007. Cash costs during the fourth quarter were $6.10 per ounce of silver and $6.27 per ounce of silver for the entire year.
As of December 31, 2007, Martha's proven and probable silver mineral reserves totaled 8.3 million ounces.
For more information contact: 208-665-0777.