On October 20, 2008, Coeur d'Alene Mines Corporation (the "Company") issued warrants (the "Warrants") for the purchase of up to $25.0 million aggregate principal amount of its Senior Secured Floating Rate Convertible Notes due 2012 (the "Notes"). On January 16, 2009, the holders of all the outstanding Warrants exercised their Warrants in full. In connection with the exercise of the Warrants, the Company issued $25.0 million aggregate principal amount of Notes and received approximately $20.4 million in net proceeds.

The Notes will bear interest at a rate of 12.0% until July 15, 2009. Thereafter, the interest rate will be subject to reset quarterly at an interest rate of LIBOR plus 7.5% per year, provided that in no event will the annual rate be less than 9.0% or more than 12.0%. Interest on the Notes is payable quarterly on January 15, April 15, July 15 and October 15 of each year, beginning on January 15, 2009. The Notes mature on October 15, 2012, unless earlier converted, redeemed or repurchased by the Company. The Notes will be secured by certain assets of the Company's subsidiary, Coeur Rochester, Inc.

For a more detailed description of the terms and provisions of the Notes, reference is hereby made to the indenture, supplemental indenture and amendment to the supplemental indenture, each of which governs the Notes and is incorporated herein by reference as Exhibits 4.1, 4.2 and 4.3, respectively.

Exhibit Number Description of Exhibit



4.1          Indenture, between the Company and The Bank of New York Mellon, as
             trustee, dated October 20, 2008 (incorporated by reference to
             Exhibit 4.1 to the Company's Form 8-K filed on October 22, 2008).



4.2          First Supplemental Indenture and Security Agreement, among the
             Company, Coeur Rochester, Inc., as grantor, and The Bank of New York
             Mellon, as trustee, dated as of October 20, 2008 (incorporated by
             reference to Exhibit 4.2 to the Company's Form 8-K filed on October
             22, 2008).



4.3          Amendment No. 2, dated as of January 12, 2009, between the Company
             and The Bank of New York Mellon, as trustee, to the First
             Supplemental Indenture and Security Agreement, dated as of October
             20, 2008, among the Company, Coeur Rochester, Inc., as grantor, and
             The Bank of New York Mellon, as trustee and collateral agent
             (incorporated by reference to Exhibit 4.2 to the Company's Form 8-K
             filed January 12, 2009).

99.1 Press Release dated January 20, 2009.