Coeur Receives Another Key Permit for Kensington Project.

COEUR d'ALENE, Idaho--(BUSINESS WIRE)--Nov. 5, 1997--Coeur d'Alene Mines Corporation (NYSE:CDE) is pleased to announce that it has received the City and Borough of Juneau (CBJ) Large Mine Permit for its Kensington Project located 45 miles north of Juneau, Alaska.

Coeur's Chairman, President and CEO Dennis E. Wheeler, said, "The community of Southeast Alaska clearly supports the project as demonstrated by the many positive letters and testimony at the most recent Juneau Planning Commission hearing. The approval by the CBJ clears one of the final hurdles in the permitting process at Kensington."

Currently, Coeur is working on a mine optimization study with independent consultants which is intended to reduce the project's capital and operating costs and a development program designed to increase the current 1.9 million ounce gold reserve. A decision by Coeur to proceed with construction of the project is subject to an increase in the price of gold and the receipt of the remaining required permits. Once a construction decision is made, there will be an 18-month construction phase, after which Kensington would be expected to produce approximately 200,000 ounces of gold per year over the initial 10-year life of the mine.

Coeur d'Alene Mines is an international silver and gold producer engaged in the development and operation of silver and gold mining properties located in the United States, Australia, Chile and New Zealand. Coeur also engages in significant silver and gold exploration activities on properties located in those countries as well as in Guyana and Mexico.

CONTACT: Coeur d'Alene Mines Corp.

Mitchell Krebs, 208/667-3511

208/667-2213 (fax)