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COEUR D'ALENE MINES REPORTS IMPROVED NINE-MONTH, THIRD-QUARTER RESULTS

COEUR D'ALENE MINES REPORTS IMPROVED NINE-MONTH, THIRD-QUARTER RESULTS
 COEUR D'ALENE, Idaho, Nov. 9 /PRNewswire/ -- Coeur d'Alene Mines Corp. (NYSE: CDE; PSE) today reported improved financial results for the first nine months and third quarter of 1992, despite lower prices for silver and gold and a decrease in interest income. The company had a net loss of $2,075,000, or 14 cents per share, on total revenues of $41,913,000 for the first nine months of 1992, compared to a net loss of $9,014,000, or 59 cents per share, on total revenues of $50,665,000 for the first nine months of 1991. The reduced loss was achieved through an ongoing expense control program in mining operations, administration and exploration.
 For the third quarter of 1992, the company recorded a net loss of $1,169,000, or 8 cents per share, on total revenues of $13,159,000, compared to a net loss of $5,629,000, or 37 cents per share, on total revenues of $17,363,000 for the third quarter of 1991.
 The decline in revenues for the first nine months and third quarter of 1992 compared to the same periods in 1991 is due to decreases in silver and gold production, lower average gold and silver prices, and declines in interest and other income.
 For the first nine months of 1992, Coeur d'Alene Mines produced 41,175 ounces of gold, compared to 44,048 ounces for the first nine months of 1991. Silver production for the first nine months of 1992 was 4,923,832 ounces, compared with 5,463,021 ounces for the first nine months of 1991. Silver production declined primarily because of the temporary closure of the Coeur mine in April 1991 and the Galena mine in July 1992.
 The average price of silver for the first nine months of 1992 was $4.00 per ounce (Handy & Harman), compared to $4.04 for the first nine months of 1991. Gold experienced a decline to $345.62 per ounce (London Final Quotation) in the first nine months of 1992, compared to $362.84 per ounce for the first nine months of 1991.
 Coeur d'Alene Mines' mining operations continued to generate gross profits for the first nine months of 1992 and for the year's third quarter. Interest and other income received for the nine months and third quarter of 1992 declined substantially due primarily to lower interest rates. For the nine-month period of 1992, total expenses declined 52 percent, or $10,757,000, and total expenses for 1992's third quarter declined 68 percent, or $6,799,000, when compared with 1991's comparable period. For both periods, the decrease in total expenses was due mainly to a $6-million provision for a mine closure recorded in the third quarter of 1991. However, decreases also occurred in administrative and general expenses, mining exploration, interest expense and idle facilities expense. The Flexaust Co., a wholly owned industrial manufacturing subsidiary of Coeur d'Alene Mines Corp., continued to experience gross profits in the first nine months and third quarter of 1992.
 The financial information for the third quarter and first nine months of 1991 has been restated to give retroactive effect to a merger in which Callahan Mining Corp. became a wholly owned subsidiary of Coeur d'Alene Mines Corp. The merger was effective Dec. 31, 1991, and is being accounted for on a pooling-of-interest basis.
 COEUR D'ALENE MINES CORP.
 (Unaudited)
 Three Months Nine Months
 Ended Sept. 30: 1992 1991 1992 1991
 (restated) (restated)
 Total revenues $13,159,000 $17,363,000 $41,913,000 $50,665,000
 Total income $ 1,719,000 $ 4,694,000 $ 7,496,000 $11,915,000
 Net loss $(1,169,000) $(5,629,000) $(2,075,000) $(9,014,000)
 Net loss per
 share $ (0.08) $ (0.37) $ (0.14) $ (0.59)
 Weighted average
 number of
 shares 15,321,950 15,320,967 15,316,169 15,316,442
 Dividend per share -- -- $ 0.15 $ 0.12
 -0- 11/9/92
 /CONTACT: Arthur C. Johnson, investor relations manager of Coeur d'Alene Mines, 208-667-3511/
 (CDE) CO: Coeur d'Alene Mines Corp. ST: Idaho IN: MNG SU: ERN


SW-JH -- SE001 -- 8719 11/09/92 12:49 EST
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Date:Nov 9, 1992
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