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-->Press Release Source: Coeur d'Alene Mines Corporation

Coeur Reports Further $34 Million Reduction in Debt
Monday July 14, 9:02 am ET
- 66% Reduction in Total Indebtedness Since End of 1st Quarter -

COEUR D'ALENE, Idaho, July 14 /PRNewswire-FirstCall/ -- Coeur d'Alene Mines Corporation (NYSE: CDE - News), the world's largest primary silver producer, announced today that it has reduced the Company's outstanding convertible indebtedness by an additional $34 million. That amount represents a 66% reduction in Company-wide debt since the end of the first quarter of 2003. After these recent debt reductions, the Company's convertible indebtedness due in December 2003 and 2004 totals $15.2 million. Coeur's cash and cash equivalents as of June 30, 2003 was $19.8 million.

Since the beginning of 1998, Coeur's total debenture indebtedness has been reduced from $288.6 million to the current $28.9 million.

"Coeur is pleased to announce additional meaningful reductions in the Company's remaining indebtedness, further strengthening our balance sheet and essentially completing the major restructuring begun five years ago," said Dennis E. Wheeler, Chairman and Chief Executive Officer."The timing of this debt reduction is also beneficial to current shareholders since Coeur is issuing less shares now than if the convertible notes had been held to full maturity.

"Meanwhile, our cash position remains strong, with nearly $20 million of cash and equivalents as of the end of June. This allows us to aggressively pursue our growth strategy, led by Coeur's new generation of high grade/low cost mines in South America, which have combined to fuel our production growth, lower cash costs, and significantly improve Coeur's cash-flow profile," Mr. Wheeler added.

The transactions involved the conversion of 27.5 million shares of common stock for $32.6 million principal amount of the Company's 9% Senior Subordinated Notes due February 2007. The exchange of the 9% Senior Subordinated Notes resulted in a 1.1 million share reduction in the number of shares that would have been issued had the Notes been outstanding until maturity. In addition, the Company exchanged.4 million shares of common stock for $0.5 million principal amount of 6.375% Convertible Subordinated Debentures due January 2004, and the exchange of.6 million shares of common stock for $0.8 million principal amount of 7.25% Convertible Subordinated Debentures due October 2005 in privately negotiated transactions.

After taking these exchanges and other recent conversions into account, Coeur now has approximately 178.6 million shares outstanding. Additional information will be presented in a Current Report on Form 8-K to be filed by Coeur with the SEC.

Coeur d'Alene Mines Corporation is the world's largest primary 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.


<ul> ~ http://biz.yahoo.com/prnews/030714/sfm046a_1.html</ul>

-->komme soeben zurück aus dem Fürstentum und sehe was da alles angerichtet wurde
durch die Greenspan Forecasts.

CDE:
Einige Limiten sind letzte Woche bei 1.69 bis 1.70 ausgeführt worden, aber nur
jene der Trading Accounts. Dafür habe ich SGI gekauft, welche heute 1.30 (Kauf 1.14 und 1.17)
an der Eröffnung teilweise weggegangen sind, und meine Tafel zeigt dunkelrot
so weit das Auge reicht. Nur CHN welche ich noch nicht kaufte weil die mir
zu schnell gelaufen sind, sind satt im Plus.

Aber morgen ist wieder ein Tag und ich muss mir vorerst über die Devisen
klar werden, welche dank Greenie wilde Stoploss-Orders auslösten. Ich meine
es war der letzte Zwick beim Dollar, aber festlegen will ich mich noch nicht,
weil zuviele noch short sind.

Einen schönen Abend an alle.

Emerald.

-->das ist jedenfalls sehr positiv und spricht für das Management. Da der Silberkurs durchsackte, haben die Aktien negativ reagiert, aber keine
Sorge, jetzt muss man limitiert nach unten wieder zukaufen. Die Hecla
Puts hats mir alle hereingeschneit.


Emerald.

-->also das seltene Ereignis Ausübung von puts?
(Du hattest mal gesagt, das geschehe sehr selten).

Gruss,
BillyGoat

-->guten, early Morning, BGG!

nein nicht Assignment, sondern meine Verkaufs-Limiten f.d. Puts wurden alle
ausgeführt: 500 Stück.

Also ich habe die Prämie kassiert von $ 00.75 und warte jetzt die weitere
Entwicklung ab.

Gruss nach dort.

Emerald.

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