Coeur Completes Cerro Bayo Working Capital Facility With Standard Bank London, Limited.

Business Editors

Short-Term Facility Will Accelerate Receipt

of Cerro Bayo Cash Flows

Coeur d'Alene Mines Corporation (NYSE:CDE) announced the implementation of a working capital facility arranged by the New York office of Standard Bank London, Limited for its new high-grade Cerro Bayo silver and gold mine in Chile.

Geoffrey A. Burns, Coeur's Senior Vice President and Chief Financial Officer, commented, "We are pleased to develop this relationship with Standard Bank and look forward to finding other ways of working together as we continue to grow Coeur. This facility enables Coeur to accelerate the receipt of cash flows from the sale of concentrate at Cerro Bayo by approximately 2-3 months and is expected to result in a steady stream of high margin cash flows. Due to these significant cash flows from Cerro Bayo and the nearby Martha Mine, we expect Coeur to generate positive cash flow in the third quarter of this year."

The facility has a twelve-month term with an option to extend for an additional twelve months and allows Coeur to drawdown against 90% of the value of Cerro Bayo's concentrates that are delivered to the port of Chacabuco, Chile for shipment. The interest rate on this facility is equal to the gold and silver lease rate (currently 1.25%) plus 4.75%.

For 2002, Cerro Bayo is expected to contribute 52,000 ounces of gold and 3.6 million ounces of silver to Coeur's total forecast production of approximately 15.0 million ounces of silver and 100,000 ounces of gold. Of the 3.6 million ounces of total silver production at Cerro Bayo, 1.6 million ounces is expected to come from Coeur's nearby high-grade Martha silver mine, which the company acquired earlier this year. Cash costs for the year at Cerro Bayo are forecast to be under $150 per gold equivalent ounce.

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

This document contains numerous forward-looking statements relating to the Company's silver and gold mining business. The United States Private Securities Litigation Reform Act of 1955 provides a "safe harbor" for certain forward-looking statements. 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, 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, and risks inherent in the ownership and operation of, or investment in, mining properties or businesses in foreign countries. 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.