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COEUR D'ALENE MINES CORP. REPORTS RESULTS OF OPERATIONS

 COEUR D'ALENE MINES CORP. REPORTS RESULTS OF OPERATIONS
 COEUR D'ALENE, Idaho, March 13 /PRNewswire/ -- Coeur d'Alene Mines Corp. (NYSE: CDE; PSE) today reported net losses for the quarter and year ended Dec. 31, 1991, which retroactively give effect to and reflect substantial nonrecurring, non-cash writedowns recognized in connection with Coeur d'Alene Mines Corp.'s acquisition of Callahan Mining Corp. effective at the end of 1991.
 Coeur d'Alene Mines Corp. also today reported a net profit for January 1992, the first full month following Coeur's merger with Callahan.
 For the year ended Dec. 31, 1991, Coeur d'Alene Mines reported a net loss of $14,399,000, or 94 cents per share, on total revenues of $67,046,000, compared to a 1990 net loss of $4,190,000, or 30 cents per share, on total revenues of $73,451,000. Fourth-quarter results were a net loss of $5,384,000, or 35 cents per share, on total revenues of $16,381,000. The company reported a net loss of $6,441,000, or 42 cents per share, on total revenues of $18,188,000 for the fourth quarter of 1990.
 For the fourth quarter of 1991, and for 1991 as a whole, a $5.2 million nonrecurring Callahan merger expense, $5.7 million allocated for the writedown of the Ropes gold mine and Calady silver project, and a nearly $1 million increase in exploration outlays were primarily responsible for Coeur d'Alene Mines' reported loss.
 Results for January of 1992 were net income of $123,000, or 1 cent per share, on total revenues of $4.1 million. This compares to a net loss of $528,000, or 3 cents per share, on total revenues of $4.9 million for January 1991. (Coeur d'Alene Mines' merger agreement with Callahan required that Coeur d'Alene Mines publish the consolidated results of operations of the first full month of post- merger operations.)
 Results for January 1991, for both quarters and for the years 1990 and 1991, have been restated on a pooling of interests basis to reflect the merger. This accounting method shows the financial results of both companies as if they had operated as a single entity in 1990 and 1991.
 Coeur d'Alene Mines' mining activities experienced an operating profit in 1991 despite market prices which averaged $362 (London final quotation) per ounce for gold and $4.04 (Handy & Harman) per ounce for silver in 1991 compared to $383 for gold and $4.82 for silver in 1990. The company's lightweight flexible hose and duct and metal tubing manufacturing operation, the Flexaust Co., acquired by Coeur d'Alene Mines in connection with its merger with Callahan, was profitable for the fourth quarter and for the full year in 1991, as it was in 1990.
 COEUR D'ALENE MINES CORP.
 (Unaudited)
 Three Months(A) 12 Months(A)
 Ended Dec. 31: 1991 1990 1991 1990
 Total
 revenues $16,381,000 $18,188,000 $ 67,046,000 $73,451,000
 Total income $ 4,816,000 $ 4,770,000 $ 15,301,000 $18,900,000
 Net (loss) $(5,384,000) $(6,441,000) $(14,399,000) $(4,190,000)
 Net (loss)
 per share $ (0.35) $ (0.42) $ (0.94) $ (0.30)
 Weighted avg.
 number of
 shares 15,309,950 15,258,447 15,307,953 13,791,529
 (A) Results reflect a pooling of interests accounting method due to the merger on Dec. 31, 1991, of Callahan Mining Corp. into a wholly owned subsidiary of Coeur d'Alene Mines Corp.
 -0- 3/13/92
 /CONTACT: Arthur C. Johnson of Coeur d'Alene Mines, 208-667-3511/
 (CDE) CO: Coeur d'Alene Mines Corp.; Callahan Mining Corp. ST: Idaho IN: MNG SU: ERN


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Date:Mar 13, 1992
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