Exhibit 12.1

COEUR D’ALENE MINES CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(dollars in thousands)

	June 30,						December 31,
	2008			2007			2007			2006			2005			2004			2003
Fixed Charges:
Interest expense	$	1,411,253		$	18,754		$	61,635		$	921,317		$	2,095,917		$	2,483,530		$	12,211,817
Capitalized interest		4,028,666			1,139,857			2,280,139			1,450,366			227,229			64,352			—
Amortization of debt issuance costs		276,195			151,499			302,998			302,998			302,998			407,899			696,755
Amortization of capital lease costs		—			—			—			—			—			687			10,880
Portion of rent expense representative of interest		1,171,516			612,671			1,717,109			1,702,999			1,687,277			1,430,833			1,501,075
Total Fixed Charges		6,887,630			1,922,781			4,361,881			4,377,680			4,313,421			4,387,301			14,420,527
Earnings:
Income (loss) from continuing operations before income taxes		4,537,000			32,685,000			58,817,000			83,645,000			16,229,000			(23,821,000	)		(61,794,000	)
Fixed charges		6,887,630			1,922,781			4,361,881			4,377,680			4,313,421			4,387,301			14,420,527
Less interest capitalized		(4,028,666	)		(1,139,857	)		(2,280,139	)		(1,450,366	)		(227,229	)		(64,352	)		—
		7,395,964			33,467,924			60,898,742			86,572,314			20,315,192			(19,498,051	)		(47,373,473	)
Earnings in excess of fixed charges (fixed charges in excess of earnings)	$	508,334		$	31,545,143		$	56,536,861		$	82,194,634		$	16,001,771		$	(23,885,352	)	$	(61,794,000	)
Ratio of Earnings to Fixed Charges(1)		1.07			17.41			13.96			19.78			4.71			N/A			N/A

⁽¹⁾ N/A — represents coverage ratio of less than 1.