Coeur Reports Improved First Quarter Results

Coeur Reports Improved First Quarter Results
- New Endeavor acquisition to immediately add to silver production, net income
and cash flow -



COEUR D'ALENE, Idaho, May 9  /PRNewswire-FirstCall/ -- Coeur d'Alene Mines
Corporation (NYSE: CDE; TSX: CDM), the world's largest primary silver producer
and a growing gold producer, today reported financial results for the first
quarter 2005.

  First Quarter Highlights

  -- Income of $0.5 million before income tax provision and non-recurring
     item.  Net loss of $1.8 million.
  -- Silver production of 2,884,646 ounces.
  -- Gold production of 29,423 ounces.
  -- Consolidated cash costs of $4.77 per ounce of silver produced during
     the first quarter, expected to average approximately $3.90 for the
     full-year 2005.
  -- April 2005 acquisition of Endeavor mine (Australia) silver production
     and reserves, expected to immediately increase silver production,
     income and operating cash flow.
  -- Strong cash, cash equivalents and short-term investments of $314.2
     million at March 31, 2005.

  2005 Outlook

  -- Full year expected silver production of 13.5 million ounces.
  -- Full year expected gold production of 130,000 ounces.
  -- Estimated consolidated cash operating costs of $3.90 per ounce of
     silver for full year.
  -- Expanded exploration program expected to deliver additional reserves
     and resources in 2005.



"Coeur continued to focus on its internal and external growth initiatives
during the first quarter of 2005.  Despite a heavy investment in exploration
and pre-development expenses totaling $5.5 million, we delivered income of $0.5
million before income taxes and a one-time charge for litigation settlement. 
We remain committed to improving the performance of our North American
operations, adding reserves and resources through aggressive development at our
South American operations, and continuing to develop our major San Bartolome
and Kensington mines," said Dennis E. Wheeler, Chairman, President and Chief
Executive Officer of Coeur.

"In April, we announced the acquisition of the silver contained at the Endeavor
mine in Australia.  This acquisition, which represents a re-entry for us in
mineral-rich Australia, will increase Company-wide silver production by 10% and
reserves by 12%, as well as providing additional leverage to silver prices for
our shareholders," Mr. Wheeler added.

"The majority of the Company's $314 million of cash, cash equivalents, and
short term investments is earmarked to develop our two major projects, both of
which advanced during the first quarter.  Construction is in the early stages
at San Bartolome and permitting is near completion at Kensington, where we have
a July 1 target date to begin construction. By 2006, these major projects are
expected to life silver and gold production 66% and 77%, respectively, over
current levels.

"Meanwhile, we expect to achieve further efficiencies at our operating
properties, in North America in particular, as the year progresses, with full
year cash costs expected to be $3.90 per ounce of silver produced, while
continuing to strategically exploit our vast exploration potential near Coeur's
existing low-cost operations.  The Company's investment in exploration has
increased 250% over the past three years to a budget of $13.4 million in 2005,
which is already generating positive results.  We expect these efforts,
combined with the strong silver and gold markets, to further extend Coeur's
dominance as the leading primary silver producer." Mr. Wheeler said.

Financial Summary

Coeur d'Alene Mines Corporation reported first quarter 2005 revenues of $38.1
million, an increase of 31% compared to revenue of $29.0 million in the first
quarter of 2004.  Company-wide production was 2,884,646 ounces of silver and
29,423 ounces of gold in the first quarter, compared to 3,435,091 ounces of
silver and 22,011 ounces of gold in the same period last year.  The 34%
increase in first quarter gold production was due to higher production from
both the Rochester and Cerro Bayo operations.  The decreased silver production
was due to lower production at Rochester, as anticipated in the mine plan, and
lower than expected mined grade at Silver Valley which is expected to improve
in the remainder of 2005.

For the first quarter of 2005, the Company reported a net loss of $1.8 million,
or $0.01 per share, compared to a net loss of $1.7 million, or $0.01 per share,
for the same period in the prior year.  During the quarter, the Company
recorded a one-time non-recurring provision to settle outstanding litigation of
$1.6 million.  In addition, the first quarter included 60% higher exploration
expense of $3.1 million, part of Coeur's expanded exploration program, and $2.4
million was invested in pre-development activities at Kensington.  Operating
income before these items was $5.3 million. During the first quarter of 2005,
the Company also spent $0.9 million in connection with the Sarbanes-Oxley
compliance program.  During the first quarter, the Company recorded sales
totaling 3,265,000 ounces of silver and 35,000 ounces of gold.  For the first
quarter, Coeur realized an average silver price of $6.85 per ounce, compared to
an average silver price of $6.94 per ounce during last year's first quarter.  
For its gold sales, Coeur realized an average price of $424 per ounce during
the first quarter of 2005 compared to an average gold price of $392 per ounce
during the same period last year.

The Company's balance sheet remained very strong in the first quarter, with
cash, cash equivalents and short-term investments of $314.2 million at March
31, 2005.

For the full year 2005, the Company expects to produce 13.5 million ounces of
silver and 130,000 ounces of gold at an average cash operating cost of $3.90
per ounce of silver.

  Coeur does not currently have any of its silver or gold production hedged.

  New Australian acquisition builds on Company silver production, reserves
   and cash flow

  Endeavor mine (Australia)



In April, 2005, Coeur acquired the entire estimated silver reserves and
production of the Endeavor mine in Australia for $38.5 million, payable in two
payments.  Endeavor is expected to have an immediate positive impact on the
Coeur's production, income and operating cash flow beginning in the second
quarter.

The Endeavor mine, which is owned and operated by CBH Resources Ltd. of
Australia, produces approximately 1.3 million silver ounces per year.  Total
proven and probable silver reserves measure 24.0 million ounces(1),
representing a 12% increase in Coeur's total silver reserves over the Company's
year-end 2004 levels.  In addition, under the terms of the agreement, Coeur is
entitled to receive a maximum of 17.7 million payable ounces from the current
contained resource at the Endeavor mine.

For ongoing silver production until April 2007, Coeur will pay a cash operating
cost of $1.00 per ounce.  Thereafter, Coeur will pay a further increment equal
to 50% of the amount by which the silver price exceeds $5.23 per ounce. 
Expected production to Coeur for the remainder of 2005 is approximately 900,000
ounces, with full-year production levels of 1.3 million beginning in 2006,
which would translate to an estimated $6.2 million of operating cash flow at
current silver price levels.

Coeur will also participate in results of new exploration at Endeavor, which is
considered to have excellent potential for new silver.  In addition to existing
reserves, the mine currently has measured and indicated mineral resources of
approximately 8.2 million ounces of silver, and inferred mineral resources
containing approximately 0.5 million silver ounces(1).  Coeur will pay a cost
contribution of an additional $0.25 per ounce for new ounces of proven and
probable silver reserves as they are discovered.

The Endeavor mine is a lead/zinc/silver mine located in New South Wales and
first commenced production in 1983.  CBH Resources Ltd. is one of Australia's
leading zinc and lead producers.

  South American Operations - Very low cash operating costs at Cerro
   Bayo/Exploration successes at Martha.

  Cerro Bayo (Chile)

  -- First quarter production of 659,293 ounces of silver and 14,868 ounces
     of gold.
  -- Cash costs of minus ($0.15) per ounce of silver, giving effect to the
     gold by-product credit as a reduction of operating costs.
  -- Completion of approximately 69,000 feet of drilling in the quarter as
     part of the accelerated 2005 exploration program.



For the full year 2005, Cerro Bayo is expected to produce approximately 3.0
million ounces of silver and 56,500 ounces of gold at an estimated average cash
cost of approximately $1.01 per ounce of silver.

The Company's exploration program, near existing infrastructure at Cerro Bayo,
continued at an accelerated level in the first quarter from last year's rate.  
Drilling continued at a high pace with five drills operating. The full-year
2005 exploration budget at Cerro Bayo is $3.9 million, and is focused on
extensions of existing vein systems and the discovery of new systems. The
near-term target is to define reserves sufficient to support at least three
years of future production. The exploration potential to discover additional
high-grade veins within the entire Cerro Bayo trend, which is 2.5 miles
east-west by 6 miles north-south, is considered to be excellent(2).

  Martha (Argentina)

  -- First quarter production of 379,060 ounces of silver and 471 ounces of
     gold.
  -- Cash costs of $5.07 per ounce of silver in the first quarter, 2005.
  -- Completion of 28,600 feet of drilling in the quarter of the accelerated
     2005 exploration program.
  -- Expected full year production of 1.8 million ounces of silver and 1,760
     ounces of gold at a cash operating cost of $4.16 per ounce of silver.



Martha in the first quarter produced 379,060 ounces of silver compared to
421,271 in last year's comparable period.  Mining continued in the R4 Deep and
Martha Deep areas, while accelerated exploration drilling continued to define
additional tonnage and the high-grade potential of the Martha area, where
reserve levels tripled based on the 2004 exploration program.

Encouraging drilling results were obtained during the quarter, especially at
the R4 Deep, which remains open at depth, and the Francisca, Catalina and
Martha Norte veins.  Drilling and development will continue on these veins and
other targets during the year.

The 2005 exploration budget at Martha is $2.7 million, an increase of 17% over
last year, with a near term target of building reserves to support to a minimum
of three-years production.

In addition, Coeur believes there is excellent potential to discover additional
silver resources on prospects within the 530 square miles the Company controls
in the Santa Cruz province(2).

  North American Operations - higher production/lower costs expected through
   2005

  Rochester Mine (Nevada)

  -- 1,135,997 ounces of silver and 13,992 ounces of gold produced during
     the first quarter.
  -- Cash costs of $6.30 per ounce of silver during the first quarter,
     expected to decline to approximately $5.55 per ounce for the full year.
  -- Anticipated full year production of approximately 4.0 million ounces of
     silver and 72,500 ounces of gold.



In the first quarter, Rochester produced 1,135,997 ounces of silver and 13,992
ounces of gold, a 22% increase in gold production from last year's first
quarter and 13% below the quarterly silver production of a year ago, which were
expected in the long-range mine plan.  First quarter cash costs were impacted
early in the year due to weather-related issues and slower than expected gold
production. During the rest of 2005, cash cost per ounce of silver is expected
to decrease as higher gold ores now on the pad lead are recovered.

In 2005, Rochester expects to produce approximately 72,500 ounces of gold and
4.0 million ounces of silver at an average cash cost of approximately $5.55 per
ounce.

  Coeur Silver Valley - Galena Mine (Idaho)

  -- First quarter production - 710,296 ounces of silver.
  -- Cash costs of $6.73 per ounce, expected to decline to $5.20 per ounce
     for the full year.
  -- Positive first quarter results from expanded exploration drilling and
     development program.
  -- Full-year production expected of 3.6 million ounces.
  -- Exploration drilling of over 19,200 feet in the quarter.



Mining continued on the Upper Silver Vein and on the 5500 down ramp area in the
72 Vein, which has shown improved grades at depth.  Cash costs are projected to
be significantly lower during the remainder of the year, averaging an expected
$5.20 for 2005.

Aggressive exploration drilling continues at Silver Valley, primarily in the
West Caladay area, where early results indicated the potential to bring that
area into production by year-end.

During 2005, Coeur Silver Valley is expected to produce 3.6 million ounces of
silver.  Successful exploration and development work is targeted to increase
production levels to five to seven million ounces per year, with lower cash
operating costs(2).

  Development Projects progressing toward 2006 startups

  San Bartolome (Bolivia)



Construction activities continued at San Bartolome in the first quarter, with a
targeted production start-up in 2006.  Focus in the recent first quarter was on
advancing engineering and procurement activities.  Coeur has completed
assembling its mine management team, headed by Americo Villafuerte in Potosi,
Bolivia.  An international construction and engineering team has also been
assembled for construction of the mine and processing facilities. Local
personnel from the historically mining-rich region of Potosi will be utilized
during both construction and operation.

During the first quarter of 2005, the Company capitalized $1.9 million in
connection with construction activities at San Bartolome.  Construction is
currently expected to cost approximately $135 million, with production startup
in 2006. Optimization is ongoing to lower capital expenditures and operating
costs.

Initial average annual production of eight million ounces of silver is expected
from San Bartolome during the first five years of production at an anticipated
cash operating cost of $3.50 per ounce, designed to generate significant cash
flow for the Company.  The mine has an initial estimated mine life of 15 years.

Kensington (Alaska)

Construction of the major Kensington gold project is expected to begin early in
the third quarter. Initial mine production of 100,000 ounces per year is
anticipated to begin in late 2006.

During the first quarter of this year, the U.S. Forest Service, as the lead
agency, affirmed it's previously issued Final Supplemental Environmental Impact
Statement (FSEIS) and Record of Decision (ROD) which supports Coeur's operating
and development plan for the project.  During the same time, the National
Marine Fisheries Service (NMFS) issued its biological opinion which concluded
the project will not jeopardize any species listed as endangered or threatened.
The State of Alaska, Department of Natural Resources announced that is has
completed coordination of the State's review of the proposed Kensington Mine
for consistency with the Alaska Coastal Management Program ("ACMP") and has
determined that the project is consistent with the ACMP. The few remaining
federal and state permits are expected by the end of the second quarter.

Direct construction cost at Kensington is estimated at $91.5 million, with
annualized cash operating cost of $220 per ounce of gold.

2005 Outlook

For the full year 2005, the Company expects to produce approximately 13.5
million ounces of silver and 130,000 ounces of gold.  Consolidated cash costs
of silver production (net of gold by-product credits) are expected to average
approximately $3.90 per ounce of silver.  The company anticipates spending
$13.7 million in sustaining capital during 2005.

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

(1) Donald Earnest, PG, Independent Consultant to Coeur, is the qualified
person responsible for the preparation of the scientific and technical
information related to the Endeavor mine, which is included in this press
release.  Mr. Earnest has reviewed the available data and procedures and
believes the calculation of the Endeavor mine reserves and resources was
conducted in a professional and competent manner.

(2) Donald J. Birak, Coeur's Senior Vice President of Exploration is the
qualified person responsible for the preparation of the scientific and
technical information in this press release related to Cerro Bayo, Martha,
Rochester, Silver Valley, San Bartolome and Kensington.  Mr. Birak has reviewed
the available data and procedures and believes the calculation of resources and
reserves in connection with these properties was conducted in a professional
and competent manner.

Technical reports for above-mentioned properties are filed on SEDAR at
http://www.sedar.com/.

                     COEUR D'ALENE MINES CORPORATION
                          PRODUCTION STATISTICS

                                                   Three Months Ended
                                                        March 31,
                                                  2005            2004

  ROCHESTER MINE
     Silver ozs.                                1,135,997       1,310,295
     Gold ozs.                                     13,992          11,475
     Cash Costs per oz./silver                      $6.30           $5.58
     Full Costs per oz./silver                      $8.53           $7.21

  GALENA MINE
     Silver ozs.                                  710,296         906,980
     Gold ozs.                                         92             101
     Cash Costs per oz./silver                      $6.73           $4.93
     Full Costs per oz./silver                      $7.45           $5.44

  CERRO BAYO(A)(B)
     Silver ozs.                                  659,293         796,545
     Gold ozs.                                     14,868           9,957
     Cash Costs per oz./silver                     $(0.15)          $1.52
     Full Costs per oz./silver                      $1.78           $3.59

  MARTHA MINE(B)
     Silver ozs.                                  379,060         421,271
     Gold ozs.                                        471             579
     Cash Costs per oz./silver                      $5.07           $3.81
     Full Costs per oz./silver                      $5.51           $4.80

  CONSOLIDATED PRODUCTION TOTALS
     Silver ozs.                                2,884,646       3,435,091
     Gold ozs.                                     29,423          22,011
     Cash costs per oz./Silver                      $4.77           $4.25
     Full Costs per oz./Silver                      $6.32           $5.61

  CONSOLIDATED SALES TOTALS
     Silver ozs. sold                           3,265,000       3,293,000
     Gold ozs. sold                                35,000          20,000
     Realized price per silver oz.                  $6.85           $6.94
     Realized price per gold oz.                     $424            $392

  (A)  The negative cash cost per ounce of silver is the result of the gold
       by-product credit as a reduction of operating costs.
  (B)  During the first quarter of 2005, the Company has segregated
       operating statistics to conform to current year presentation.



Note: "Cash Costs per Ounce" are calculated by dividing the cash costs computed
for each of the Company's mining properties for a specified period by the
amount of gold ounces or silver ounces produced by that property during that
same period.  Management uses cash costs per ounce produced as a key indicator
of the profitability of each of its mining properties.  Gold and silver are
sold and priced in the world financial markets on a US dollar per ounce basis.
By calculating the cash costs from each of the Company's mines on the same unit
basis, management can easily determine the gross margin that each ounce of gold
and silver produced is generating.

"Cash Costs" are costs directly related to the physical activities of producing
silver and gold and include mining, processing and other plant costs, deferred
mining adjustments, third-party refining and smelting costs, marketing expense,
on-site general and administrative costs, royalties, in- mine drilling
expenditures that are related to production and other direct costs.  Sales of
by-product metals (primarily gold and copper) are deducted from the above in
computing cash costs.  Cash costs exclude depreciation, depletion and
amortization, corporate general and administrative expense, exploration,
interest, and pre-feasibility costs and accruals for mine reclamation.  Cash
costs are calculated and presented using the "Gold Institute Production Cost
Standard" applied consistently for all periods presented.

Total cash costs per ounce is a non-GAAP measurement and investors are
cautioned not to place undue reliance on it and are urged to read all GAAP
accounting disclosures presented in the consolidated financial statements and
accompanying footnotes.  In addition, see the reconciliation of "cash costs" to
production costs under "Costs and Expenses" set forth below:

The following tables present a reconciliation between cash costs per ounce and
GAAP production costs reported in the Statement of Operations:

  Three months ended March 31, 2005


                            Rochester   Silver    Cerro    Martha    Total
                                        Valley    Bayo
  Production of Silver
   (ounces)                 1,135,997  710,296  659,293   379,060  2,884,646
  Cash Costs per ounce          $6.30    $6.73   $(0.15)    $5.07      $4.77
  Total Cash Costs
   (thousands)                 $7,153   $4,782     $(98)   $1,921    $13,758

  Add/(Subtract):
   Third Party Smelting Costs    (210)  (1,206)  (1,008)     (222)   (2,646)
   By-Product Credit            5,991      938    6,348       201    13,478
   Deferred Stripping and
    other adjustments            (100)      --       --        --      (100)
   Change in Inventory         (2,932)    (697)     673      (275)   (3,231)
  Production Costs             $9,902   $3,817   $5,915    $1,625   $21,259


  Three months ended March 31, 2004

                            Rochester   Silver    Cerro    Martha    Total
                                        Valley    Bayo

  Production of Silver
   (ounces)                 1,310,295  906,980  796,545   421,271 3,435,091
  Cash Costs per ounce          $5.58    $4.93    $1.52     $3.81     $4.25
  Total Cash Costs
   (thousands)                 $7,317   $4,468   $1,208     1,603   $14,596

  Add/(Subtract):
   Third Party Smelting Costs    (232)  (1,279)    (757)     (448)   (2,716)
   By-Product Credit            4,688      793    4,071       237     9,789
   Deferred Stripping
    and other  adjustment        (101)      --       --        --      (101)
   Change in Inventory         (3,895)   1,260   (1,644)     (339)   (4,618)
  Production Costs             $7,777   $5,242   $2,878    $1,053   $16,950


                       CONSOLIDATED BALANCE SHEETS
             COEUR D'ALENE MINES CORPORATION AND SUBSIDIARIES
                               (Unaudited)

                                               March 31,     December 31,
                                                  2005          2004
                                                     (In Thousands)
  ASSETS

  CURRENT ASSETS
      Cash and cash equivalents                 $261,276       $273,079
      Short-term investments                      52,920         48,993
      Receivables                                 12,199         10,634
      Ore on leach pad                            14,137         15,046
      Metal and other inventory                   17,131         17,639
      Deferred tax assets                          1,824          2,592
      Prepaid expenses and other                   3,450          3,727
                                                 362,937        371,710


  PROPERTY, PLANT AND EQUIPMENT
      Property, plant and equipment               85,931         85,070
      Less accumulated depreciation              (55,869)       (54,154)
                                                  30,062         30,916
  MINING PROPERTIES
      Operational mining properties              122,641        121,344
      Less accumulated depletion                (102,484)      (100,079)
                                                  20,157         21,265

      Mineral interests                           20,125         20,125
      Non-producing and development properties    27,936         26,071
                                                  68,218         67,461

  OTHER ASSETS
      Non-current ore on leach pad                33,511         28,740
      Restricted cash and cash equivalents        11,145         10,847
      Debt issuance costs, net                     5,681          5,757
      Deferred tax assets                          1,900          1,811
      Other                                        8,274          8,535
                                                  60,511         55,690
          TOTAL ASSETS                          $521,728       $525,777



             COEUR D'ALENE MINES CORPORATION AND SUBSIDIARIES
                       CONSOLIDATED BALANCE SHEETS
                               (Unaudited)

                                               March 31,     December 31,
                                                 2005           2004
                                                    (In Thousands)
  LIABILITIES AND SHAREHOLDERS' EQUITY

  CURRENT LIABILITIES
      Accounts payable                           $7,144         $8,389
      Accrued liabilities and other               7,134          5,192
      Accrued interest payable                      473          1,035
      Accrued salaries and wages                  3,863          6,379
      Current portion of remediation costs          802          1,041
      Current portion of capital lease
       obligations                                   83            114
                                                 19,499         22,150
  LONG-TERM LIABILITIES
      1 1/4% Convertible Senior Notes due
       January 2024                             180,000        180,000
      Reclamation and mine closure               24,089         23,670
      Other long-term liabilities                 6,625          6,503
                                                210,714        210,173
  COMMITMENTS AND CONTINGENCIES

  SHAREHOLDERS' EQUITY
      Common Stock, par value $1.00 per
  share-authorized 500,000,000 shares,
  issued 241,074,417 and 241,028,303 shares
  in 2005 and 2004 (1,059,211 shares held in
  treasury)                                     241,074        241,028
        Additional paid-in capital              629,595        629,809
        Accumulated deficit                    (563,678)      (561,908)
        Shares held in treasury                 (13,190)       (13,190)
        Accumulated other comprehensive loss     (2,286)        (2,285)
                                                291,515        293,454

  TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY   $521,728       $525,777


       CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
             COEUR D'ALENE MINES CORPORATION AND SUBSIDIARIES
                               (Unaudited)

                                         Three Months ended March 31,
                                              2005           2004
                                    (In Thousands, except per share data)
  REVENUES
  Sales of metal                             $36,207        $29,650
  Interest and other                           1,941           (647)
      Total revenues                          38,148         29,003

  COSTS AND EXPENSES
  Production                                  21,259         16,950
  Depreciation and depletion                   4,661          4,846
  Administrative and general                   5,526          3,608
  Exploration                                  3,118          1,944
  Pre-development                              2,369          1,614
  Interest                                       570            938
  Litigation settlement                        1,600             --
  Other holding costs                            136            756
      Total cost and expenses                 39,239         30,656

  LOSS FROM CONTINUING OPERATIONS BEFORE
   TAXES                                      (1,091)        (1,653)
  Income tax provision                          (679)            --

  NET LOSS                                    (1,770)        (1,653)
  Other comprehensive loss                        (1)          (208)
  COMPREHENSIVE LOSS                          (1,771)       $(1,861)

  BASIC AND DILUTED LOSS PER SHARE:

  Net loss                                    $(0.01)        $(0.01)

  Weighted average number of shares of
   common stock (000's)                     $239,985       $213,142


             COEUR D'ALENE MINES CORPORATION AND SUBSIDIARIES
                  CONSOLIDATED STATEMENTS OF CASH FLOWS
                Three Months Ended March 31, 2004 and 2003
                               (Unaudited)

                                           Three Months Ended March 31,
                                              2005              2004
                                                  (In Thousands)
  CASH FLOWS FROM OPERATING ACTIVITIES:
  Net loss                                  $(1,770)          $(1,653)
  Add (deduct) non-cash items:
      Depreciation and depletion              4,661             4,846
      Deferred taxes                            679                --
      Unrealized loss (gain) on embedded
       derivative                              (626)           (1,127)
      Amortization of premium/discount          313               385
      Amortization of restricted stock
       compensation                             423               567
      Amortization of debt issuance
       costs                                     76               181
      Other charges                              (2)              229
  Changes in Operating Assets and
  Liabilities:
      Receivables                            (1,564)           (3,435)
      Prepaid and other current assets          882               436
      Inventories                            (3,353)           (4,650)
      Accounts payable and accrued
       liabilities                           (2,182)           (3,854)
      CASH USED IN OPERATING ACTIVITIES      (2,463)           (8,075)

  CASH FLOWS FROM INVESTING ACTIVITIES:
      Purchases of short-term
       investments                          (10,546)          (52,107)
      Proceeds from sales of short-term
       investments                            6,015             9,590
      Capital expenditures                   (4,177)           (1,480)
      Other                                      17               215
      CASH USED IN INVESTING ACTIVITIES      (8,691)          (43,782)

  CASH FLOWS FROM FINANCING ACTIVITIES:
      Retirement of Long Term Debt               --            (9,561)
      Debt issuance costs                        --            (6,097)
      Proceeds from issuance of
       subordinated notes                        --           180,000
      Bank borrowings on working capital
       facility                                  --             6,056
      Payments to bank on working
       capital facility                          --            (5,696)
      Common stock repurchase                  (569)             (793)
      Retirement of building loan                --            (1,200)
      Other                                     (80)               45
  CASH PROVIDED BY (USED IN) FINANCING
  ACTIVITIES:                                  (649)          162,754

  INCREASE (DECREASE) IN CASH AND CASH
  EQUIVALENTS                               (11,803)          110,897
      Cash and cash equivalents at
       beginning of period                  273,079            62,417
      Cash and cash equivalents at end
       of period                           $261,276          $173,314



The Company's first quarter earnings conference call and web cast will be held
on May 9, 2005 beginning at 1:00 p.m. Eastern time.  To participate:

  Dial-In Number:   [phone] (US and Canada)
                    [phone] (International)
  Host:             Dennis E. Wheeler



The conference call will also be simultaneously carried on our web site at
http://www.coeur.com/ under Investor Relations/Presentations and will be
archived for a limited time.

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. 

DATASOURCE: Coeur d'Alene Mines Corporation



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

Mines Corporation, [phone], 



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

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