Coeur d'Alene Mines completes redemption of its 7% convertible subordinated debentures.

COEUR D'ALENE, Idaho--(BUSINESS WIRE)--Dec. 19, 1995--Coeur d'Alene Mines Corp. (NYSE:CDE) announced that it has completed the underwritten call for redemption of its $75 million principal amount of 7% convertible subordinated debentures due 2002, with the entire debenture indebtedness converted into equity.

Prior to Dec. 15, 1995, the holders of $74,649,000 principal amount of the debentures had converted the debentures into a total of approximately 4,844,000 shares of Coeur common stock. Converting debentureholders received approximately 64.9 shares of common stock for each $1,000 principal amount, with cash paid in lieu of any fractional shares.

The balance of $351,000 principal amount of the debentures was redeemed by Coeur on Dec. 15, 1995, at a price of $1,070 for each $1,000 principal amount of debentures.

Pursuant to a standby agreement with UBS Securities Inc., that firm purchased from Coeur on Dec. 19, 1995, a total of approximately 20,000 shares of common stock of the corporation, representing the number of shares of common stock that would have been issued upon conversion of those debentures that were not surrendered for conversion.

As a result of that standby arrangement, the entire principal amount of the outstanding debenture indebtedness was converted into equity.

Coeur issued a total of approximately 4,864,000 new shares of common stock in connection with the debenture conversions and standby arrangement, increasing its total shares of outstanding common stock to approximately 20.5 million shares.

Coeur is an international gold and silver mining company with operating mines in Nevada, New Zealand and Chile.

CONTACT: Coeur d'Alene Mines Corp.

Anthony R. Ebersole, 208/667-3511