Coeur d'Alene Mines Corp. (CDE)

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Franco-Nevada Cleaning up on CDE Gold "Royalty"
Reports Record Quarterly Gold Revenue and Declares Dividend

TORONTO, Nov. 9 /CNW/ -- Franco-Nevada Corporation (TSX: FNV) today reported its financial results for the three and nine months ended September 30, 2009. All figures are in US dollars unless otherwise noted.

Palmarejo - Ramp up of production continues with Franco-Nevadarealizing Royalty Revenue of $7.5 million in the third quarter, whichexceeded the minimum royalty requirement. The Palmarejo royaltystream was acquired in January 2009 and the operation poured itsfirst dore in March, 2009. Coeur d'Alene Mines Corporation recentlyannounced a 40% increase in their gold reserves at Palmarejo, whichnow stand at more than one million ounces.




Royalty Revenue was $36.4 million in the third quarter of 2009, anincrease of 11% from $32.9 million in the second quarter of 2009 anda decrease of 9% from $39.9 million in the third quarter of 2008.- Q3 2009 vs. Q2 2009: The increase in Royalty Revenue wasattributable primarily to higher receipts from Palmarejo as itcontinues to ramp up production, higher oil and gas revenues dueto higher commodity prices and revenue from development ore atHollister.- Q3 2009 vs. Q3 2008: The decrease in Royalty Revenue wasattributable largely to lower oil and gas and PGM commodity pricesand lower production from the Company's Goldstrike NPI royaltyoffset by revenue from the newly acquired Gold Quarry andPalmarejo royalty interests.

The Company recorded $4.5 million in fair value gains associated withthe Palmarejo Gold Royalty Stream and another small royalty interestdue to an increase in forward gold prices. It is anticipated thatfluctuations in the fair value of the minimum royalty associated withthese royalty interests will become a recurring item on the Company'sstatement of operations. These gains are excluded from RoyaltyRevenue.

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