Coeur d'Alene Mines Corporation Announces 2004 Form 10-K Filing: Reduced Expected Benefit of Net Operating Loss Carryforwards

Coeur d'Alene Mines Corporation Announces 2004 Form 10-K Filing:
Reduced Expected Benefit of Net Operating Loss Carryforwards 


COEUR D'ALENE, Idaho, March 30  /PRNewswire-FirstCall/ -- Coeur d'Alene Mines
Corporation (NYSE:CDENYSE:TSX:NYSE:CDM) today announced the expected filing
with the Securities and Exchange Commission of its Annual Report on Form 10-K
for 2004.  The Company has received an unqualified opinion on its 2004
financial statements.  Management's assessment pursuant to Section 404 of the
Sarbanes-Oxley Act reported certain material weaknesses in the Company's system
of internal controls and it plans to remediate all reported weaknesses.

The Company booked a net $4.7 million ($0.02 per share) non-cash, deferred tax
adjustment to its previously released, unaudited financial statements for 2004.
 The net deferred tax adjustment resulted primarily from a reduction in the
expected future effective tax rate used in connection with the valuation
allowance for deferred tax assets.

As a result of the adjustment, net loss for 2004 increased from $12.2 million
($0.06 per share) to $16.9 million ($0.08 per share).  Net cash flow was not
affected.

Net income for the fourth quarter of 2004 decreased from $13.0 million ($0.05
per diluted share) to $8.3 million ($0.03 per diluted share). Operating income
remained unchanged at $1.8 million.

Coeur d'Alene Mines Corporation is the world's largest primary silver producer,
as well as a significant, low-cost producer of gold.  Coeur has mining
interests in Nevada, Idaho, Alaska, Argentina, Chile and Bolivia.

Cautionary Statement

This document contains 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, 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 these
forward-looking statements, whether as a result of new information, future
events or otherwise.

Contact:  Tony Ebersole, Director of Investor Relations of Coeur d'Alene Mines
Corporation, 800-523-1535. 

DATASOURCE: Coeur d'Alene Mines Corporation



CONTACT:  Tony Ebersole, Director of Investor Relations of Coeur d'Alene

Mines Corporation, 800-523-1535



Web site:  http://www.coeur.com/

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