COEUR D ALENE MINES CORP
10-K/A, 1994-05-25
SILVER ORES
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                      SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C.  20549

                                                  

                               FORM 10-K/A No. 1

                    Pursuant to Section 13 or 15(d) of the 
                        Securities Exchange Act of 1934

Amendment No. 1 to Annual Report on Form 10-K for the year ended
December 31, 1993
 
                   COEUR D'ALENE MINES CORPORATION               
            (Exact name of Registrant as specified in its charter)

          Idaho                  1-8641          82-0109423    
(State or other jurisdiction   (Commission     (IRS Employer 
      of incorporation)        File Number)    Identification  
                                                 Number)
                                   
              505 Front Avenue 
           Coeur d'Alene, Idaho                   83814  
 (Address of principal executive offices)      (zip code)

Registrant's telephone number, including area code: (208) 667-3511

The undersigned registrant hereby amends the following items,
financial statements, exhibits or other portions of its Annual
Report on Form 10-K for the year ended December 31, 1991, as set
forth in the pages attached hereto:

            Item 7 (Management's Discussion and Analysis
            of Financial Condition and Results of Operat-
            ions), Item 8 (Financial Statements and Sup-
            plementary Data), Item 14(a)(1) (Financial
            Statements) and Item 14(c) (Exhibits).

Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this amendment to be signed on
its behalf by the undersigned, thereunto duly authorized.


                               COEUR D'ALENE MINES CORPORATION
                                        (Registrant)


Date: May 24, 1994             By: JAMES A. SABALA            
                                   James A. Sabala
                                          Senior Vice President and
                                            Chief Financial Officer
<PAGE>
                        COEUR D'ALENE MINES CORPORATION

                         AMENDMENT NO. 1 TO FORM 10-K

                     FOR THE YEAR ENDED DECEMBER 31, 1993


      The Annual Report on Form 10-K for the year ended December 31,
1993 (the "Form 10-K") of Coeur d'Alene Mines Corporation (the
"Company") is hereby revised as set forth in this Amendment No. 1
(the "Amendment") to the Form 10-K.
<PAGE>
<PAGE>
                                    PART II

            
Item 7.   Management's Discussion and Analysis of Financial
          Condition and Results of Operations.             

General

     The results of the Company's operations are significantly
affected by the market prices of gold and silver which may
fluctuate widely and are affected by many factors beyond the
Company's control, including interest rates, expectations regarding
inflation, currency values, governmental decisions regarding the
disposal of precious metal stockpiles, global and regional
political and economic conditions, and other factors.  The
Company's Rochester Mine, which it wholly owns and operates, and
the Golden Cross Mine, in which the Company has an 80% operating
interest, currently are generating positive cash flow from
operations and are the Company's only mining properties currently
in operation.  The Company plans to continue to operate those mines
so long as they continue to generate positive cash flow from
operations.

     The depressed level of silver prices led to the suspension of
mining activity at the Galena Mine in July 1992 (during which month
the average price of silver was $3.95 per ounce) and at the Coeur
Mine in April 1991 (during which month the average price of silver
was $3.97 per ounce).  The Company does not believe the operator of
the Coeur and Galena Mines will consider the recommencement of
operations at those mines in the absence of an increase in silver
prices above currently prevailing levels.

     The Company plans to continue its developmental activities at
the Kensington and Fachinal Properties.  Although the Company
believes operation of the Fachinal Property is economically
feasible at current gold and silver prices, a decision to proceed
will not be made until a recently commenced final feasibility study
is completed (expected in May 1994) and such study demonstrates the
project's economic viability.  A production decision relating to
the Kensington Property is subject to the approval by the Company
and its joint venture partner, a market price of gold of at least
$400 per ounce and the receipt of certain required permits.

     Because the Company's exploration expenses are discretionary
in nature, they could be curtailed in the event of prolonged
adverse metals price cycles.  The Company will continue to
carefully monitor both its operating and administrative costs and
expenses in connection with its mining as well as manufacturing
operations with a view toward increasing operating efficiency and
cash flow.

     The Company plans, in connection with its evaluation of
potential acquisition candidates, to focus primarily upon mining
properties and businesses that are operational or expected to
become operational in the near future so that they can reasonably
<PAGE>
be expected to contribute to the Company's near-term cash flow from
operations.

     As stated above, the Company incurred net losses in each of the
past five years.  Although such losses include non-recurring write-
offs, the Company is unable to ascertain or reasonably project
whether and the extent to which its production of precious metals
and the market prices thereof will increase and, therefore, whether
or when profitable operations will resume.


Results of Operations - 1993 Compared to 1992

  Sales and Gross Profits

     Sales of concentrates and dore in 1993 increased by
$26,575,500, or 64%, over 1992.  The increase is primarily
attributable to an increase in gold production and increases in
metal prices.  Silver and gold prices averaged $4.30 and $359.77
per ounce, respectively, in 1993 compared to $3.94 and $343.73 per
ounce, respectively, in 1992.  During 1993, the Company produced
6,119,219 ounces of silver and 123,310 ounces of gold compared to
6,254,273 ounces of silver and 56,638 ounces of gold in 1992.  The
decrease in silver production is due to the temporary closure of
the Galena Mine in July 1992.  The Galena Mine contributed 822,904
ounces of silver production during 1992.  The increase in gold
production is due to the Company's acquisition of an 80% interest
in the Golden Cross Mine effective April 30, 1993.  The Company's
80% interest in Golden Cross Mine production in 1993 amounted to
56,898 ounces of gold and 175,325 ounces of silver.

  The cost of mine operations in 1993 increased by $21,974,182, or
58%, over 1992 and is primarily due to the acquisition of the
Golden Cross Mine in 1993.  Gross profit from mine operations
increased by $4,601,318, or 128%, in 1993 from 1992.  Mine
operations gross profit as a percent of sales increased to 12.0% in
1993 compared to 8.7% in 1992.  The increase was primarily
attributable to the increases in silver and gold prices in 1993
from the prior year.

  Sales of industrial products in 1993 increased by $84,116, or
.8%, compared to 1992.  Cost of manufacturing increased by
$101,134, or 1.1%, in 1993, compared to the prior year.  As a
result, gross profit from manufacturing for 1993 decreased by
$17,018, or 1.5%, compared to 1992.

  Expenses

     Total expenses in 1993 increased by $17,429,334, or 123%, over
the prior year.  The increase is primarily due to non-recurring
write-offs of $9,373,564, or $.61 per share ($.49 per share net of
taxes), effected in the third quarter of 1993.  The write-offs
<PAGE>
include a one time provision  for litigation settlement of
$5,875,000, resolution of an environmental matter of $1,230,000 and
the write-off of uncollectible notes receivable of $2,268,564.  The
increase is also attributable to an increase in interest expense of
$4,267,802, which is related to the issuance of $75 million
principal amount of 7% Convertible Subordinated Debentures in
December 1992, and increases in accounting and legal expenses of
$1,641,235, idle facilities expense of $769,902, corporate expenses
of $617,067 and administrative expenses of $485,501.


  Non-recurring Charges

     On November 12, 1993, the Company's Board of Directors
approved the proposed settlement of Kassover v. Coeur d'Alene Mines
Corporation (the "Lawsuit"), the class action originally filed in
November 1990 and amended in March 1991 alleging violations of the
federal securities laws and common law primarily in connection with
the Company's public offering of common stock in September 1990. 
The proposed settlement calls for the Company to (i) issue to the
class members common stock of the Company having a fair market
value of $4 million based on the average closing sale price of the
common stock on the New York Stock Exchange during the five trading
days immediately preceding the court hearing to be held in
connection with the settlement and (ii) pay $1,875,000 in cash. 
The Company expects the settlement will be effected in late 1994
and that upon issuance, the shares to be issued in the settlement
(based on the closing sale price of the Common Stock reported on
the New York Stock Exchange Composite Tape on March 4, 1994) would
constitute approximately 1.3% of the Company's presently outstand-
ing shares of Common Stock.  The Board's decision reflects its
desire to avoid the continuing substantial costs and expenses
associated with the Lawsuit and the inherent uncertainties of
litigation.  Accordingly, the Company has recorded a litigation
settlement expense of $5,875,000 in the third quarter of 1993.  As
of December 21, 1993, the Company and counsel for the plaintiff
entered into a Stipulation relating to the settlement.  The Company
has consistently denied any liability or wrongdoing in connection
with the suit.  The settlement is subject to approval by the
plaintiff class members and the court.

     The Company knows of no material environmental liabilities to
which it currently is subject.  During October 1993, the Company
and Callahan negotiated a tentative settlement agreement with the
U.S. Environmental Protection Agency (the "EPA") and a group of
other companies that are potentially responsible parties ("PRPs")
in connection with the Bunker Hill Superfund site.  The Company and
Callahan were notified in February 1990 by the EPA that they were
PRPs in connection with that site, where the EPA claims there is a
need for cleanup action under the Comprehensive Environmental
Response Compensation and Liability Act of 1980 ("Superfund" or
"CERCLA").  The negotiated settlement agreement calls for the
<PAGE>
Company and Callahan to pay a total of $1,230,000 to a group of
other PRPs in order to remove the Company and Callahan from any
additional cleanup liability relating to the site.  Accordingly,
the Company recorded a non-recurring environmental settlement
expense of $1,230,000 during the third quarter of 1993.  For
additional information regarding the Bunker Hill Superfund site,
see "Liquidity and Capital Resources--Bunker Hill Superfund Site"
below.

     During September 1993, the Company commenced foreclosure
proceedings upon the collateral underlying two delinquent collater-
alized promissory notes, the recorded principal and accrued
interest on which amounted to $2,268,564.  The notes originally
were acquired by a corporation that merged with the Company in
1988.  Demand for payment had been made without satisfaction and
the Company discontinued accruing interest on the notes in October
1991.  As a result of the institution of the foreclosure proceed-
ings and the Company's inability to ascertain what amounts, if any,
may be realized therefrom, the Company effected a non-recurring
write-off of uncollectible notes receivable of $2,268,564 in the
third quarter of 1993.

  Income (Loss) Before Taxes and Accounting Change

     As a result of the above, the Company's loss before income
taxes and the cumulative effect of a change in accounting amounted
to $16,720,820 in 1993, compared to $4,506,391 in 1992.  The
benefit for income taxes amounted to $3,430,760 in 1993, compared
to $3,747,136 in 1992.  The Company reported a net loss before the
cumulative effect of a change in accounting of $13,290,060, or $.87
per share, in 1993, compared to $759,255, or $.05 per share, in
1992.

  Change in Accounting

     Effective January 1, 1993, the Company changed its method of
accounting for income taxes by adopting the mandatory Statement of
Financial Accounting Standards (FAS) 109, "Accounting for Income
Taxes."  FAS 109 requires an asset and liability approach to
accounting for income taxes and establishes criteria for recogniz-
ing deferred tax assets.  Accordingly, the Company adjusted its
existing deferred income tax assets and liabilities to reflect
current statutory income tax rates and previously unrecognized tax
benefits related to federal and certain state net operating loss
carry forwards.  The cumulative effect of the accounting change on
prior years at January 1, 1993, results in a non-recurring gain of
$5,181,188, or $.34 per share, and is included in the results of
operations for 1993.

  Net Income (Loss)

     The Company reported a net loss of $8,108,872, or $.53 per
share, in 1993, compared to a net loss of $759,255, or $.05 per
share, in 1992.
<PAGE>

Results of Operations - 1992 Compared to 1991

  Sales and Gross Profits

     Sales of concentrates and dore' decreased by $7.6 million, or
16%, in 1992 compared with 1991 and was primarily attributable to
a decrease in metal prices and a decrease in the Company's silver
and gold production.

     In 1992, the Company produced approximately 6,254,273 ounces
of silver and approximately 56,638 ounces of gold compared to
approximately 7,536,953 ounces of silver and approximately 60,771
ounces of gold in 1991.

     Silver and gold prices averaged $3.94 and $343.73 per ounce,
respectively, in 1992 compared with $4.04 and $362.18 per ounce,
respectively, in 1991.

     Sales of industrial products decreased by $79,303, or 1%, in
1992 compared to 1991.  The decrease in sales in 1992 is primarily
attributed to recessionary economic conditions in Canada and the
United States and is believed by the Company to have been partially
attributable to the use of independent factory representatives
rather than a Company-employed sales force.  In mid-1992, the
Company terminated its arrangements with the independent factory
representatives and employed its own employee-based sales force.

     Cost of mine operations in 1992 decreased by $6.2 million, or
14%, compared to 1991 primarily as a result of improved operating
efficiencies at the Rochester Mine and the temporary closure of the
Galena Mine in July 1992.

  Other Income

     Other income decreased by $2.9 million, or 37%, in 1992 from
1991, and is the result of fluctuating interest rates and invest-
ment portfolio levels for the comparative periods.

  Expenses

     In 1992, total expenses decreased by $15.1 million, or 52%,
from the prior year.  The decrease was primarily due to expenses of
$5.2 million incurred in 1991 in connection with the Company's
acquisition by merger of Callahan on December 31, 1991, and mine
closure write-downs of $5.7 million effected by Callahan in 1991. 
Also contributing to the decrease was an overall reduction in
expenses due to increased efficiencies achieved following the
merger of the Company and Callahan on December 31, 1991.  Interest
<PAGE>
expense in 1992 decreased by $611,255 compared to 1991 due to an
increase in the amount of interest capitalized as a result of the
increased investment in development stage properties.  During 1992
and 1991, $3,007,866 and $2,209,213, respectively, of interest
expense was capitalized as development costs.  Idle facilities
expense decreased by $272,402 in 1992 compared with 1991.  The idle
facilities expense in 1991 and 1992 was the result of the suspen-
sion of operations at the Coeur Mine in April 1991 and the Galena
Mine in July 1992.  Both the Coeur and Galena Mines are operated by
ASARCO Incorporated ("Asarco").

  Net Income (Loss)

     As a result of the above, Coeur's loss before income tax
benefit amounted to $4.5 million in 1992 compared to a loss of
$15.0 million in 1991.  As a result of income tax benefits of
$3,747,136 and $596,310 for 1992 and 1991, respectively, Coeur's
net loss amounted to $759,255, or $.05 per share in 1992, compared
to $14,398,777, or $.94 per share in 1991.


Liquidity and Capital Resources

  Working Capital; Cash and Cash Equivalents

     The Company's working capital at December 31, 1993 was
approximately $107.6 million compared to $181.8 million at December
31, 1992.  The decrease is attributable to the decrease in cash and
cash equivalents.  The decrease in cash and cash equivalents of
approximately $119.4 million during 1993 primarily resulted from
(i) approximately $4.6 million expended to purchase plant, property
and equipment, (ii) approximately $50.8 million (net) to purchase
short-term investments and marketable securities, (iii) $52.8
million (net of cash received) to purchase the 80% interest in the
Golden Cross Mine and (iv) $8.9 million expended on developmental
properties.  The ratio of current assets to current liabilities was
6.0 to one at December 31, 1993 compared to 19.5 to one at December
31, 1992. 

     As reported by the Company's Statements of Cash Flows, net
cash provided by (used in) operating activities amounted to
approximately $4.2 million in 1993 compared to $(3.0 million) in
1992.  The occurrence of such positive cash flow in 1993 was
primarily attributable to the increase in total income described
above.  Net cash used in investing activities amounted to approxi-
mately $119.6 million in 1993 compared to $42.1 million in 1992. 
Significantly impacting the increase in cash used in investing
activities was the approximately $52.8 million net cash used in
connection with the Company's purchase of Cyprus Gold New Zealand
Ltd.  Net cash provided by (used in) financing activities amounted
to approximately $(4.1 million) in 1993 compared to $67.5 million
in 1992.  The change was primarily attributable to the Company's
<PAGE>
receipt of approximately $71.4 million of net proceeds from the
issuance of convertible subordinated debentures in December
1992.      

     During 1993, short-term investments increased by $48.5 million
primarily as a result of the Company's allocation of a portion of
its cash and cash equivalent portfolio from cash equivalents to
other securities with durations longer than 90 days.  Accounts
receivable increased by $3.8 million primarily as a result of the
placement of $1.875 million in escrow pending settlement of a
shareholder class action suit and the maintenance of $1.1 million
in connection with acquisition of the Company's 80% operating
interest in the Golden Cross Mine.  Marketable equity securities
increased by $2.1 million in 1993 as a result of the Company's
investment in shares of capital stock of a Canadian company that
owns property adjacent to the Company's Kensington Property and
certain other exploratory properties.

  Acquisition of Golden Cross New Zealand Limited

     Effective April 30, 1993, the Company acquired all of the
outstanding capital stock of Cyprus Gold New Zealand Limited
("Cyprus NZ"), a New Zealand corporation that owns an 80% operating
interest in the Golden Cross Mine in New Zealand.  The Company also
acquired from the former parent of Cyprus NZ in the transaction,
which was treated as a purchase for accounting purposes, a term
loan receivable from Cyprus NZ in the principal amount of approxi-
mately $53.2 million.  The cash purchase price paid by the Company
for the Cyprus NZ capital stock and term loan approximated $54
million.  The most significant Cyprus NZ long-term liability
acquired by the Company is a reclamation reserve of approximately
$1.0 million.  The acquisition was funded by a portion of the
proceeds of the Company's December 1992 public sale of $75 million
principal amount of 7% Subordinated Convertible Debentures Due
2002.  Pro forma information relating to the acquisition is set
forth in Note C of the Notes to the Selected Consolidated Financial
Data.

  Revolving Credit Agreement

     The Company has a $38 million revolving credit agreement with
a syndicate of banks, which, together with current cash, cash
equivalents and short-term investments and any internally generated
funds, may be utilized to expand the Company's business activities. 
Interest on borrowings under the agreement is the average London
Interbank interest rate plus 1.125%.  The Company is required to
pay an annual commitment fee equal to .375% of the unused balance
of the revolving credit line.  The Company currently has no
borrowing outstanding under the agreement.  However, approximately
$7.9 million of credit under the agreement is reserved for
outstanding irrevocable letters of credit that secure certain
reclamation and permit assurance obligations related to the Golden
Cross Mine.
<PAGE>

  Bunker Hill Superfund Site and Write-off of Delinquent Promissory
Notes

     For information describing the proposed settlement relating to
the Bunker Hill Superfund Site and recent write-off of delinquent
promissory notes, see "Management's Discussion and Analysis of
Financial Condition and Results of Operations - Results of
Operations - 1993 Compared to 1992."

  Montana Superfund Site

     A subsidiary of the Company that is the general partner of a
partnership that owns sections of an abandoned railroad right-of-
way, portions of which lie on a Superfund site in Montana, was
notified in 1989 that the partnership is a PRP at that site. 
Neither the EPA nor any other person has made any demand for
payment of money or for cleanup upon the partnership relating to
the site.  Although the matter is still in its early stages, the
Company believes it has no liability for cleanup costs at the site
because the partnership's activities were on land constituting a
very small portion of the site and were confined to salvage
activities (i.e., removal of rail, railroad ties and telegraph
poles).  In addition, the partnership did not transport to or
otherwise place hazardous materials on the site, and believes there
was no release or threat of release of hazardous materials from
partnership lands at the site.

  Environmental Compliance Expenditures

     For the years ended December 31, 1993, 1992 and 1991, the
Company expended $2,404,698, $1,050,015 and $1,038,736, respective-
ly, in connection with environmental compliance activities at its
operating properties.  In December 31, 1993, the Company had
expended a total of approximately $4.1 million on environmental and
permitting activities at the Kensington Property, which expendi-
tures have been capitalized as part of its development cost.  

     The Company estimates that its environmental compliance
expenditures at its operating properties during 1994 will approxi-
mate $1,391,000.  Such activities at the Rochester and Golden Cross
Mines include monitoring, bonding, earth moving, water treatment
and revegetation activities.  The Company estimates that environ-
mental compliance expenditures at its Kensington and Fachinal
developmental properties during 1994 will approximate $376,000 and
relate to  activities associated with obtaining permits required
for construction.  Such expenditures would significantly increase
in the event a decision is made to proceed with the construction of
production facilities at those properties.  The Company established
a $585,000 reserve in 1991 for future costs relating to the closure
<PAGE>
of the Ropes Mine;  the Company is currently reviewing the adequacy
of that reserve to cover expenditures required to comply with
environmental regulations.  Future environmental expenditures will
be determined by governmental regulations and the overall scope of
the Company's operating and development activities.  The Company
places a very high priority on its compliance with environmental
regulations.

  Exploration and Development Expenditures

     During 1993, the Company expended approximately $1.3 million
(excluding capitalized interest) for its share of the developmental
costs at the Kensington Property, approximately $3.5 million
(excluding capitalized interest) for the development of the
Fachinal Property and $2.5 million to continue its planned
exploration programs.  During 1994, the Company presently plans to
expend approximately $5.7 million for leach pad construction at the
Rochester Mine, $1.8 million (excluding capitalized interest) for
its share of Kensington Property development costs, approximately
$2.6 million (excluding capitalized interest) for development at
the Fachinal Property and up to approximately $4.0 million for
exploration programs.  No decisions have been made as to when or
whether the Kensington or Fachinal Properties will be placed into
commercial production.

  Internal Revenue Service Audit

     In December 1993, the IRS completed an audit of the Company
for the years 1990 and 1991.  The IRS has advised the Company that
two issues remain unresolved, and that the IRS will issue a
proposed assessment.  One issue involves the alternative minimum
tax, which, if resolved in 
favor of the IRS, would require payment by the Company of approxi-
mately $1.2 million.  The other issue involves the deductibility of
costs previously claimed by the Company.  If resolved in favor of
the IRS, the Company's net operating loss carryforward would be
decreased by $8.2 million.  The Company believes it has treated
both issues in a manner that is consistent with applicable law and
prevailing industry practice and will contest any such assessment.

  Callahan Suit

     Callahan is the defendant in a lawsuit commenced in March 1992
by FN Enterprises, Inc. ("FN"), formerly a business consulting firm
for Callahan.  In the suit, which is pending before the federal
district court for the District of Northern California, FN seeks to
recover a "success fee" in the approximate amount of $673,000 in
connection with the merger that resulted in Callahan becoming a
wholly-owned subsidiary of the Company.  Callahan has filed a
counterclaim seeking rescission of the contract and damages from FN
equal to the amount of fees and expenses paid to FN.  A trial is
scheduled to commence on May 10, 1994.  Although the Company
<PAGE>
believes it has meritorious defenses in the suit, an adverse
judgement against it could give rise to damages, including interest
and attorney's fees, approximating $900,000.

  Promissory Note Suit

     The Company is also a defendant in an action pending in
Federal District court for the District of Idaho in which the
plaintiff seeks to recover on four promissory notes made by a
predecessor of the Company.  The Company believes the action is
barred by the statute of limitations and by other defenses. 
Damages sought are in the approximate amount of $800,000.  

   Issuance of Convertible Subordinated Debentures in Early 1994

      On January 26, 1994, the Company sold $90 million principal
amount of 6 3/8% Convertible Subordinated Debentures Due 2004 (the
"6 3/8% Debentures") pursuant to a Purchase Agreement, dated
January 18, 1994, between the Company and Kidder (the "Purchase
Agreement") in connection with an offering effected pursuant to
Rule 144A and Regulation S under the Securities Act of 1933 (the
"Act").  On February 11, 1994, the Company sold an additional $10
million principal amount of 6 3/8% Debentures to Kidder upon the
exercise by Kidder of an over-allotment option granted to it under
the terms of the Purchase Agreement.  Kidder purchased the 6 3/8%
Debentures at a price equal to 96.75% of the principal amount
thereof and the Company received proceeds of $96,750,000 from the
net purchase price paid for the Debentures.  The Company plans to
use such proceeds for general corporate purposes, including the
possible acquisition of, or investment in, additional precious
metals mines, properties or businesses, and for possible develop-
mental activities on new or existing mining properties.  Pending
the use of the net proceeds of the offering, the Company will
invest the proceeds in interest-bearing marketable securities or
money market obligations.  Pursuant to a Registration Rights
Agreement, dated January 26, 1994, ("Registration Rights Agree-
ment") between the Company and Kidder, the Company plans to file a
shelf registration statement under the Act in April 1994 for the
purpose of registering the 6 3/8% Debentures and underlying shares
of Common Stock issuable upon the conversion thereof under the Act.

      The 6 3/8% Debentures were issued pursuant to an Indenture,
dated as of January 26, 1994 (the "Indenture"), between the Company
and Bankers Trust Company, as trustee.  The 6 3/8% Debentures are
convertible into shares of Common Stock on or before January 31,
2004, unless previously redeemed, at a conversion price of $26.20
per share, subject to adjustment in certain events.  The 6 3/8%
Debentures are redeemable, in whole or in part, at any time on or
after January 31, 1997, at redemption prices declining from
103.643% of the principal amount during the year beginning January
31, 1997 to 100% of the principal amount during the year beginning
January 31, 2001 and thereafter.  The 6 3/8% Debentures are
<PAGE>
required to be repurchased at the option of the holder if a
Designated Event (as defined in the Indenture) occurs, at 100% of
the principal amount thereof plus accrued interest.  The Debentures
are unsecured and subordinate in right of payment to all Senior
Debt (as defined in the Indenture).  The Indenture, Purchase
Agreement and Registration Rights Agreement are filed as exhibits
to this Report.

   Deferred Tax Asset 

   At December 31, 1993, deferred tax assets totalling approximately
$11.4 million had been recorded, as set forth in Note (1) to the
Selected Financial Data set forth under Item 6 above.  Such
deferred tax assets represented net operating losses equivalent to
temporary tax liabilities which will reverse to income within the
net operating loss carryforward period.

   Change in Method of Accounting for Income Taxes

      Effective January 1, 1993, the Company changed its method of
accounting for income taxes by adopting Statement of Financial
Accounting Standards (FAS) 109, "Accounting for Income Taxes."  FAS
109 requires an asset and liability approach to accounting for
income taxes and establishes criteria for recognizing deferred tax
assets.  Accordingly, the Company adjusted its existing deferred
income tax assets and liabilities to reflect current statutory
income tax rates and previously unrecognized tax benefits related
to federal and certain state net operating loss carryforwards.  FAS
109 also contains new requirements regarding balance sheet
classification and prior business combinations.  Hence, the Company
adjusted the carrying values of an incremental interest in the
Rochester Property acquired in 1988 and CDE Chilean Mining Corp.
acquired in 1990 to reflect the gross purchase value previously
reported net-of-tax.  The cumulative effect of the accounting
change on prior years at January 1, 1993 is a nonrecurring gain of
$5,181,188, or $.34 per share, and is included in the Consolidated
Statement of Operations for the year ended December 31, 1993. 
Other than the cumulative effect, the accounting change had no
material effect on the results of operations for the year ended
December 31, 1993.


   Change in Method of Accounting for Investments in Securities

      Effective January 1, 1994, the Company changed its method of
accounting for debt and equity securities by adopting Statement of
Financial Accounting Standards (FAS) No. 115, "Accounting for
Certain Investments in Debt and Equity Securities".  FAS No. 115
requires the use of fair value accounting.  The Company has
classified its short term investments and marketable securities as
available for sale, according to the provisions of the new
pronouncement.  Accordingly, unrealized holding gains and losses on
<PAGE>
such securities are excluded from earnings and reported as a
separate component of shareholders' equity until realized. 
Unrealized losses on investment securities reported at March 31,
1994 amounted to approximately $4.1 million.

Item 8.  Financial Statements and Supplementary Data

      The revised consolidated financial statements and schedule
listed under Item 14(a) below are filed herewith.

                                    PART IV

Item 14.    Exhibits, Financial Statement Schedules, and Reports on
            Form 8-K                                               

(a)   Financial Statements and Financial Statement Schedules:

      (1)   The following revised consolidated financial statements
            of Coeur d'Alene Mines Corporation and subsidiaries are
            filed herewith:

            Consolidated Balance Sheets-December 31, 1992 and 1993.

            Consolidated Statements of Operations--Years Ended
            December 31, 1991, 1992 and 1993.

            Consolidated Statements of Changes in Shareholders'
            Equity--Years Ended December 31, 1991, 1992 and 1993.

            Consolidated Statements of Cash Flows--Years Ended
            December 31, 1991, 1992 and 1993.

            Notes to Consolidated Financial Statements.

      (2)   The following revised Consolidated Financial Statement
            schedule of Coeur d'Alene Mines Corporation and subsid-
            iaries is filed herewith:

            Schedule X--Supplementary Income Statement Information.

(c)   Exhibits

      The following exhibit is filed herewith:

      24(a) - Consent of Ernst & Young.

(d)   Independent auditors' reports are included herein as follows:

      Coeur d'Alene Mines Corporation

      Report of Ernst & Young at December 31, 1992, and 1993, and
      for each of the three years in the period ended December 31,
      1993.<PAGE>



<PAGE>
                          ANNUAL REPORT ON FORM 10-K

                      Item 8, Item 14(a), and Item 14(d)

            FINANCIAL STATEMENTS AND FINANCIAL STATEMENT SCHEDULES

                         YEAR ENDED DECEMBER 31, 1993

                        COEUR D'ALENE MINES CORPORATION

                             COEUR D'ALENE, IDAHO



<PAGE>
<PAGE>

                            REPORT OF INDEPENDENT AUDITORS





Shareholders and Board of Directors
Coeur d'Alene Mines Corporation

We have audited the accompanying consolidated balance sheets of Coeur
d'Alene Mines Corporation and subsidiaries as of December 31, 1993 and
1992, and the related consolidated statements of operations, changes in
shareholders' equity, and  cash flows for each of the three years in the
period ended December 31, 1993.  Our audits also included the financial
statement schedules listed in the Index at Item 14(a).  These financial
statements are the responsibility of the Company's management.  Our
responsibility is to express an opinion on these financial statements
based on our audits.

We conducted our audits in accordance with generally accepted auditing
standards.  Those standards require that we plan and perform the audits
to obtain reasonable assurance about whether the financial statements are
free of material misstatement.  An audit includes examining, on a test
basis, evidence supporting the amounts and disclosures in the financial
statements.  An audit also includes assessing the accounting principles
used and significant estimates made by management, as well as evaluating
the overall financial statement presentation.  We believe that our audits
provide a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above
present fairly, in all material respects, the consolidated financial
position of Coeur d'Alene Mines Corporation and subsidiaries at December
31, 1993 and 1992, and the consolidated results of their operations and
their cash flows for each of the three years in the period ended December
31, 1993, in conformity with generally accepted accounting principles. 
Also, in our opinion, the related financial statement schedules, when
considered in relation to the basic financial statements taken as a
whole, present fairly in all material respects the information set forth
therein.

As discussed in Note H to the financial statements, in 1993, the Company
changed its method of accounting for income taxes.                    


February 11, 1994
                                                      
                                                ERNST & YOUNG

<PAGE>
<TABLE>
<PAGE>
                              CONSOLIDATED BALANCE SHEETS
                   COEUR D'ALENE MINES CORPORATION AND SUBSIDIARIES


<CAPTION>
                                                                December 31,       
                                                            1993            1992    
ASSETS                                                                   

<S>                                                    <C>             <C>
CURRENT ASSETS
   Cash and cash equivalents                           $ 14,678,097    $134,106,948
   Short-term investments                                70,221,106      21,689,084
   Receivables                                            7,757,910       4,006,487 
   Refundable income taxes                                1,924,065       2,182,984
   Inventories                                           34,670,469      29,627,191 
          TOTAL CURRENT ASSETS                          129,251,647     191,612,694    
        

PROPERTY, PLANT AND EQUIPMENT
   Property, plant and equipment                         81,007,505      55,942,138
   Less accumulated depreciation                         35,310,111      35,377,049 
                                                         45,697,394      20,565,089 

MINING PROPERTIES
   Operational mining properties                         90,120,998      63,651,560
   Less accumulated depletion                            33,125,461      24,333,876 
                                                         56,995,537      39,317,684
   Developmental properties                              83,536,738      64,135,130 
                                                        140,532,275     103,452,814 

OTHER ASSETS
   Funds held in escrow                                   2,270,695       1,816,556
   Notes receivable                                         355,069       1,973,772
   Debt issuance costs, net of accumulated 
      amortization of $1,462,643 and $920,029             4,708,372       5,123,512  
   Marketable equity securities                           2,422,416         273,194 
   Other                                                    470,469         438,235 
                                                         10,227,021       9,625,269 

                                                       $325,708,337    $325,255,866 
</TABLE>
<PAGE>
<TABLE>
<PAGE>
                               CONSOLIDATED BALANCE SHEETS

                    COEUR D'ALENE MINES CORPORATION AND SUBSIDIARIES
<CAPTION>
                                                               December 31,       
                                                           1993            1992    
LIABILITIES AND SHAREHOLDERS' EQUITY                                    
<S>                                                   <C>             <C>

CURRENT LIABILITIES
   Accounts payable                                   $  1,946,273    $  1,507,857
   Accrued liabilities                                   5,265,232       1,501,943  
   Accrued interest payable                              2,008,851       2,094,313
   Accrued salaries and wages                            2,898,486       2,560,571
   Accrued litigation settlement                         5,875,000             
   Accrued environmental settlement                      1,230,000             
   Reserve for mine closure                                494,800         397,615
   Current portion of obligations under 
      capital leases                                     1,899,771       1,775,334 
         TOTAL CURRENT LIABILITIES                      21,618,413       9,837,633

OTHER LIABILITIES
   6% subordinated convertible debentures               50,000,000      50,000,000
   7% subordinated convertible debentures               75,000,000      75,000,000
   Obligations under capital leases                      4,233,913       6,133,683
   Other long-term liabilities                           2,325,764         371,948
   Deferred income taxes                                 1,681,542       2,921,102 
         TOTAL LONG-TERM LIABILITIES                   133,241,219     134,426,733


COMMITMENTS AND CONTINGENCIES

SHAREHOLDERS' EQUITY
   Preferred Stock, par value $1.00 per share--
      authorized 10,000,000 shares, none outstanding
   Common Stock, par value $1.00 per share--
      authorized 60,000,000 shares, issued 16,394,302
      and 16,377,228 shares (including 1,058,453 
      shares held in treasury)                          16,394,302      16,377,228
   Capital surplus                                     181,038,631     183,050,612
   Accumulated deficit                                 (13,100,942)     (4,992,070)
   Repurchased and nonvested shares                    (13,483,286)    (13,444,270)
                                                       170,848,705     180,991,500 

                                                      $325,708,337    $325,255,866 


<FN>
See notes to consolidated financial statements.
</FN>
</TABLE>
<PAGE>
<TABLE>
                          CONSOLIDATED STATEMENTS OF OPERATIONS
                    COEUR D'ALENE MINES CORPORATION AND SUBSIDIARIES
<CAPTION>
                                                  Year Ended December 31,            
                                           1993             1992            1991     
<S>                                   <C>               <C>             <C>
                                                                         
INCOME
  From mine operations:
    Sale of concentrates and dore'    $ 67,989,666      $ 41,414,166    $ 49,034,832
    Less cost of mine operations        59,803,406        37,829,224      44,072,029 
            GROSS PROFITS                8,186,260         3,584,942       4,962,803  

  From manufacturing operations:
    Sale of industrial products         10,192,008        10,107,892      10,187,195  
    Less cost of manufacturing           9,088,319         8,987,185       8,791,010 
            GROSS PROFITS                1,103,689         1,120,707       1,396,185

OTHER INCOME--interest, dividends,
  and other                              5,536,771         4,906,166       7,823,689 
            TOTAL INCOME                14,826,720         9,611,815      14,182,677

EXPENSES    
  Administration                         3,618,772         3,133,271       3,237,274
  Accounting and legal                   3,108,705         1,467,470       1,258,310
  General corporate                      5,089,224         4,472,157       6,379,605
  Mining exploration                     2,533,542         2,259,279       3,738,323
  Idle facilities                        2,459,159         1,689,257       1,961,659
  Interest                               5,364,574         1,096,772       1,708,027  
  Nonrecurring charges                   9,373,564                               
  Provision for mine closure                                               5,743,678 
  Merger expenses                                                          5,150,888 
            TOTAL EXPENSES              31,547,540        14,118,206      29,177,764 

LOSS BEFORE INCOME TAXES AND
  CUMULATIVE EFFECT OF CHANGE
  IN ACCOUNTING METHOD                 (16,720,820)       (4,506,391)    (14,995,087)
  Income tax benefit                    (3,430,760)       (3,747,136)       (596,310)

LOSS BEFORE CUMULATIVE EFFECT OF
  CHANGE IN ACCOUNTING METHOD          (13,290,060)         (759,255)    (14,398,777)
  Cumulative effect of a change in
    accounting method                    5,181,188                                   
    NET LOSS                          $ (8,108,872)     $   (759,255)   $(14,398,777)

LOSS PER SHARE DATA
  Weighted average number of shares
    of Common Stock outstanding         15,327,862        15,317,405      15,307,953 

NET LOSS PER SHARE BEFORE CUMULATIVE
  EFFECT OF CHANGE IN ACCOUNTING
  METHOD                              $      (.87)      $       (.05)   $       (.94)
  Cumulative effect of change in
    accounting method                         .34                                       
 
    NET LOSS PER SHARE                $      (.53)      $       (.05)   $       (.94)

    CASH DIVIDENDS PER SHARE          $       .15       $        .15    $        .12 


<FN>
See notes to consolidated financial statements.
</FN>
</TABLE>
<PAGE>
<TABLE>
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY
COEUR D'ALENE MINES CORPORATION AND SUBSIDIARIES                                    
Years ended December 31, 1993, 1992 and 1991
<CAPTION>
                                         Common Stock                
                                            Par         Capital                   
                            Shares         Value        Surplus    
<S>                      <C>           <C>           <C>

Balance at January 1, 
    1991                 16,360,378    $16,360,378   $185,107,933  
  Net loss                                                          
  Cash dividends                                                   
  Issuance of shares 
    under Incentive 
    Plans (net)               8,025          8,025        128,381                          
  Other                                                    (6,628)

Balance at December 31, 
    1991                 16,368,403     16,368,403    185,229,686    
  Net loss                                                           
  Cash dividends                                       (2,296,493)                
  Issuance of shares
    under Incentive 
    Plans (net)              12,000         12,000        169,500  
  Other                      (3,175)        (3,175)       (52,081) 

Balance at December 31,
    1992                 16,377,228     16,377,228    183,050,612   
  Net loss                                                          
  Sale of Common Stock 
    for cash                  8,675          8,675        139,535                      
dividends                                              (2,297,520)                            
    
  Issuance of shares 
    under Incentive 
    Plans (net)              10,374         10,374        181,545                     
    Other                    (1,975)        (1,975)       (35,541) 

Balance at December 31,
    1993                 16,394,302    $16,394,302   $181,038,631  


<FN>
See notes to consolidated financial statements.
</FN>
</TABLE>
<PAGE>
<TABLE>
<PAGE>
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY
COEUR D'ALENE MINES CORPORATION AND SUBSIDIARIES                              
Years ended December 31, 1993, 1992 and 1991
(Last three columns of preceding table)                                            
<CAPTION>
Retained                       Repurchased and        
Earnings                       Nonvested Shares    
(Deficit)                 Shares          Amount         Total    

<S>                     <C>            <C>           <C>

$ 11,964,145            (1,058,453)    $(13,392,542) $200,039,914
 (14,398,777)                                         (14,398,777) 
  (1,798,183)                                          (1,798,183)
 
                                            (35,014)      101,392
                                             (6,628)

  (4,232,815)           (1,058,453)     (13,427,556)  183,937,718 
    (759,255)                                            (759,255)
                                                       (2,296,493)
                                           (16,714)       164,786
                                            (55,256)

 (1,058,453)             (13,444,270)   180,991,500
                                                       (8,108,872)
                                                          148,210                 
                                                       (2,297,520)                
                                            (39,016)      152,903 
                                                          (37,516) 

(13,100,942)            (1,058,453)    $(13,483,286) $170,848,705 


<FN>
See notes to consolidated financial statements.
</FN>
</TABLE>
<PAGE>
<TABLE>
<PAGE>
                            CONSOLIDATED STATEMENTS OF CASH FLOWS
                      COEUR D'ALENE MINES CORPORATION AND SUBSIDIARIES
<CAPTION>
                                                         Year Ended December 31,       
                                               1993             1992               1991    
<S>                                      <C>                <C> <C>           <C>

CASH FLOWS FROM OPERATING ACTIVITIES
 Net loss                                $  (8,108,872)     $   (759,255)     $(14,398,777)
 Adjustments to reconcile net 
     loss to net cash provided by 
     (used in) operating activities:
   Depreciation, depletion, and
     amortization                           13,852,762         5,799,590         6,224,262
   Cumulative effect of change 
     in accounting method                   (5,181,188)
   Deferred income taxes                    (3,716,180)       (1,684,209)        1,438,848 
   (Gain) loss on disposition   
     of assets                                 444,950           (11,647)          124,253 
   Write-down of mineral properties                                              5,743,678
   Nonrecurring charges                      9,373,564
 Change in operating assets and
     liabilities net of effects of
     purchase of Cyprus Gold New
     Zealand, Ltd.                                     
   Accounts receivable                      (3,427,588)       (1,073,926)         (416,669)
   Inventories                              (2,298,051)         (213,639)        3,386,210 
   Accounts payable and
     accrued liabilities                     3,262,980        (2,491,745)         (894,265)
   Accrued merger liabilities                                 (2,572,642)        2,572,642 
       NET CASH PROVIDED BY
       (USED IN) OPERATING
       ACTIVITIES                            4,202,377        (3,007,473)        3,780,182 

CASH FLOWS FROM INVESTING ACTIVITIES
 Purchase of Cyprus Gold New Zealand,
   Ltd. (net of cash received)             (52,818,247)
 Purchases of short-term investments       (85,387,368)      (21,689,084)
 Sales of short-term investments            34,548,248
 Purchases of property, plant and
   equipment                                (4,563,607)       (3,602,580)       (2,127,746)
 Proceeds from sale of assets                  680,873           557,081           560,285
 Expenditures on operational mining
   properties                               (2,524,454)       (4,155,600)         (283,983)
 Expenditures on developmental
   properties                               (8,926,809)      (13,788,514)      (14,267,798)
 Other                                        (567,011)          554,259            15,274 
       NET CASH USED IN
       INVESTING ACTIVITIES               (119,558,375)      (42,124,438)      (16,103,968)

CASH FLOWS FROM FINANCING ACTIVITIES
 Retirement of obligations under
   capital leases                           (1,775,333)       (1,649,006)       (1,902,960)
 Payment of cash dividends                  (2,297,520)       (2,296,493)       (1,798,183)
 Proceeds from bond issuance                                  71,416,034                   
     NET CASH PROVIDED BY
     (USED IN) FINANCING ACTIVITIES         (4,072,853)       67,470,535        (3,701,143)

     INCREASE (DECREASE) IN CASH 
     AND CASH EQUIVALENTS                 (119,428,851)       22,338,624       (16,024,929)
Cash and cash equivalents at beginning
 of year                                   134,106,948       111,768,324       127,793,253 

Cash and cash equivalents at end
 of year                                 $  14,678,097      $134,106,948      $111,768,324 


<FN>
See notes to consolidated financial statements.
</FN>
</TABLE>
<PAGE>
NOTE A--BUSINESS OF COEUR D'ALENE MINES CORPORATION

      Coeur d'Alene Mines Corporation (Coeur or the Company) is principal-
ly engaged in the exploration, development and operation of silver and
gold mining properties located in the United States (Nevada, Idaho and
Alaska), New Zealand and Chile.  Coeur is also engaged in the manufacture
and sale of lightweight flexible hose and duct and metal tubing.


NOTE B--SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

      Principles of Consolidation:  The consolidated financial statements
include the wholly-owned subsidiaries of the Company, the most signifi-
cant of which are Coeur Rochester, Callahan Mining Corporation, including
Coeur Gold New Zealand, Inc., Coeur-Alaska and CDE Chilean Mining Corp.
The consolidated financial statements also include all non-wholly owned
entities in which voting control of more than 50% is held by the Company,
the most significant of which are Pinnacle and Livengood Placers, Inc. 
Related minority interests are not material and are included in other
assets.  Intercompany balances and transactions have been eliminated in
consolidation.  Investments in unincorporated joint ventures are
accounted for on a proportionate consolidation basis, the most signifi-
cant of which are the Golden Cross Mine, Kensington Property, Coeur Mine
and Galena Mine.

      Revenue Recognition:  Revenue is recognized when title to gold and
silver passes to the buyer.  The effects of forward sales are reflected
in revenue at the date the related precious metals are delivered or the
contracts expire.

      Inventories:  Inventories of ores on leach pads and in the milling
process are valued based on actual costs incurred to place such ores into
production, less costs allocated to minerals recovered through the
leaching and milling processes.  Inherent in this valuation is an
estimate of the percentage of the minerals on leach pads and in process
that will ultimately be recovered.  Management evaluates this estimate
on an ongoing basis.  Adjustments to the recovery rate are accounted for
prospectively.  All other inventories are stated at the lower of cost or
market, cost being determined using the first-in, first-out and weighted
average cost methods.

      Property, Plant, and Equipment:  Property, plant, and equipment are
recorded at cost.  Depreciation, using the straight-line method, is
provided over the estimated useful lives of the assets.  Maintenance and
repairs are charged to operations as incurred.

      Mining Properties:  Values for mining properties represent
acquisition costs or fair market value of Common Stock issued for
properties plus developmental costs.  Cost depletion has been recorded
based on the units-of-production method over the estimated total
reserves.  Management evaluates the net carrying value of all operations,
property by property, on a regular basis to reach a judgment concerning
possible permanent impairment of value and the need for a write-down in
asset value to net realizable value.  These reviews require significant
judgment and the use of estimates, and are affected by the risks and
uncertainties inherent in normal operations.  Considerations include the
<PAGE>
level of maintenance and standby costs, current projections of metal
prices and other nonoperating alternatives.

      Reclamation Costs:  Post closure reclamation and site restoration
costs are estimated based upon environmental regulatory requirements and
accrued over the life of the mine using the units of production method. 
Current expenditures relating to ongoing environmental and reclamation
programs are expensed as incurred.  As of December 31, 1993, the Company
has provided approximately $1,616,506 for total reclamation and
restoration, and anticipates the total of such costs will be approximate-
ly $6.5 million.

      Exploration and Development:  Costs incurred in the search for new
mineral properties are charged directly to expense.  Development
expenditures incurred prior to reaching the production stage, related to
mining and drilling properties with identified economic reserves, are
capitalized.  Interest cost is capitalized on development properties
until the properties are placed into operation.

      Debt Issuance Costs:  Debt issuance costs are amortized over the
lives of the respective debt issues, as a component of interest expense.

      Cash Equivalents:  The Company considers all highly liquid
investments with a maturity of three months or less when purchased to be
cash equivalents.  As of December 31, 1993 and 1992, cash and cash
equivalents included $9,618,316 and $7,027,005 cash, respectively.  The
balance of the reported amounts consists principally of investment grade
commercial paper.  The carrying amounts reported in the balance sheets
for cash and cash equivalents are stated at cost which approximates fair
value.

      Short-term Investments:  The Company invests in debt and equity
securities which are stated at the lower of cost or market.

      Marketable Equity Securities:  Investments in Marketable Equity
Securities ("MES") are recorded at cost, except the Company uses the
equity method if the Company has substantial voting control (normally 20
to 50%) and can exercise significant influence over the operating and
financial policies of the investee.  As of December 31, 1993 the Company
has only one investment (International Curator Resources Ltd. ("IC") in
which it holds more than 20% but less than 50% of the voting stock.  The
Company accounts for the investment in IC at cost, as the Company does
not believe it can exercise significant influence over the operating and
financial policies of IC.

      As of December 31, 1993 and 1992, respectively, the Company has
recorded investments in MES which have a cost basis of $2,422,416 and
$273,194, and a fair market value of $4,232,572 and $264,080.  The
Company also has an unrealized gain as of December 31, 1993 of $1,810,156
that is not reflected in the financial statements.

      Foreign Currencies:  Assets and liabilities of the Company's New
Zealand and Chilean operations are translated into U.S. dollars at year-
end exchange rates and revenue and expenses are translated at average
exchange rates.  In each instance, the functional currency is the U.S.
dollar.  Realized gains and losses from foreign currency transactions are
<PAGE>
reflected in income.

      Foreign Currency Forward Exchange Contracts:   At December 31, 1993,
the Company had contracts outstanding to purchase approximately $35.6
million denominated in New Zealand dollars, maturing at various dates
through December 1994.  These contracts are used to minimize exposure and
to reduce risk from exchange rate fluctuations in the regular course of
the Company's business.  Transaction gains and/or losses are included
currently in determining net income.

      Earnings Per Share:  Earnings per share is calculated based on the
weighted average number of common shares outstanding.

      New Accounting Standard:  During 1993, the Financial Accounting
Standards Board issued a new standard on accounting for certain
investments in debt and equity securities.  The new standard is in effect
for fiscal years beginning after December 15, 1993.  The Company expects
that its marketable securities will be classified as available-for-sale
and therefore will be adjusted to fair value.  Application of the new
rules will not have a material impact on the Company.

      Reclassification:  Certain reclassifications of prior year balances
have been made to conform to current year classifications.


NOTE C--BUSINESS COMBINATIONS

Cyprus Gold New Zealand, Limited

      On April 30, 1993, the Company acquired for approximately $54
million in cash, Cyprus Gold New Zealand, Limited.  The acquisition has
been accounted for as a purchase.  The following consolidated results of
the Company's operations assume that the acquisition took place at the
beginning of the periods presented:
[CAPTION]
     In thousands except for                       Year Ended December 31,
     per share amounts                              1993              1992   
        [S]                                      [C]               [C]

        Sales of dore'                           $  91,149         $  78,367  
        
        Net loss                                 $ (10,129)        $  (1,321)  
        
        Net loss per share                       $    (.66)        $    (.09)   

Callahan Mining Corporation

     On December 31, 1991, the Company issued 3,322,061 shares of common
stock in exchange for all of the outstanding common stock of Callahan
Mining Corporation (Callahan).  The merger was accounted for as a pooling 
of interests.  During the fourth quarter of 1991, the Company expensed
$5.1 million of nonrecurring merger related costs.  Revenues and net loss
of the Company and Callahan for the period prior to the merger were as
follows:
<PAGE>
<TABLE>
<CAPTION>
<PAGE>
                                               Year Ended December 31,     
                                                         1991              
        <S>                                             <C>                                                                    
        Revenues
           Coeur                                        $ 55,245,663
           Callahan                                       11,800,053 
                                                        $ 67,045,716 
        Net Loss
           Coeur                                        $ (3,667,762)
           Callahan                                       (10,731,015)
                                                        $(14,398,777)
        Dividend per share:
           Coeur                                        $        .15 


NOTE D--INVENTORIES

     Inventories are composed of the following:
                                                      December 31,    
                                                  1993              1992    
      Mining:
         Ore in process and
            on leach pads                    $ 27,958,186      $ 26,737,080    
         Dore' inventory                        1,947,294           166,040  
         Supplies                               3,356,544         1,480,994    
                                               33,262,024        28,384,114  
      Manufacturing:
         Raw Materials                            755,206           746,113  
         Finished good                            653,239           496,964    

                                             $ 34,670,469      $ 29,627,191    

   Dore' inventory includes product at the mine site and product held by
refineries.


NOTE E--PROPERTY, PLANT AND EQUIPMENT

   Property, plant and equipment consist of the following:

                                                      December 31,    
                                                 1993               1992       
   Land                                      $  1,684,835      $  1,946,351  
   Buildings and improvements                  19,603,642         4,854,806  
   Machinery and equipment                     51,368,673        40,790,626  
   Capital leases, buildings 
     and equipment                              8,350,355         8,350,355    
                                             $ 81,007,505      $ 55,942,138    
<PAGE>
<PAGE>
   Assets subject to capital leases consist of the following:

                                                       December 31,    
                                                 1993               1992    
   Buildings                                  $ 5,104,730       $ 5,104,730  
   Equipment                                    3,245,625         3,245,625     
       TOTAL BUILDINGS AND EQUIPMENT            8,350,355         8,350,355   
   Operational mining property                  7,871,007         7,871,007    
   
                                               16,221,362        16,221,362    
   Less allowance for accumulated
      amortization and depletion                7,987,780         7,283,159 

   TOTAL ASSETS SUBJECT TO CAPITAL
    LEASES                                    $ 8,233,582       $ 8,938,203 


     Lease amortization is included in depreciation and depletion expense.

     The Company has a capital lease agreement for the Rochester mineral
processing facilities, which expires in 1996.  The Company has the option
to renew the lease for two additional years.  Upon expiration of the
lease, the Company is entitled to purchase the facilities for the lesser
of $5,850,000 or fair market value.  The Company is required to maintain
a security deposit of approximately $2.3 million in an interest-bearing
escrow account with the interest payable to the Company.  

     The Company has entered into various operating lease agreements,
which expire over a period of five years.  The total rent expense charged
to operations under these agreements was $3,261,261, $3,460,729 and
$3,714,763 for 1993, 1992 and 1991, respectively.

     Minimum lease payments under capital and operating leases are as
follows:

                                Year Ending         Capital          Operating
                                December 31         Leases             Leases  
                                
                                   1994           $ 2,292,941       $ 2,261,531
                                   1995             2,292,941         1,826,090
                                   1996             2,292,952           893,761
                                   1997                                 571,358
                                   1998                                 397,395
TOTAL MINIMUM PAYMENTS DUE                          6,878,834       $ 5,950,135
    Less amount representing interest                 745,150

  PRESENT VALUE OF NET
  MINIMUM LEASE PAYMENTS                                6,133,684
    Less current maturities                             1,899,771
                                                      $ 4,233,913
<PAGE>

</TABLE>
<TABLE>
<PAGE>
NOTE F - MINING PROPERTIES
<S>                                                <C>                  <C>

  Capitalized costs for mining properties                  December 31,
    consist of the following:                       1993                 1992   

  Operational mining properties:
    Rochester Mine, less accumulated
      depletion of $24,420,982  
      and $17,370,277                          $ 36,070,308         $ 32,214,375

    Golden Cross Mine, less
      accumulated depletion of 
        $1,756,888                               13,654,420          

    Coeur d'Alene Mining District,
      less accumulated depletion of
      $6,633,633 and $6,666,679                  7,184,623            7,000,083 

    Other                                           86,186              103,226 
      TOTAL OPERATIONAL MINING PROPERTIES        56,995,537           39,317,684

  Developmental mining properties:
    Kensington                                   47,388,330           43,578,720
    Fachinal                                    26,779,454           19,801,456 
    Waihi East                                    8,454,000          
    Other                                          914,954              754,954 
     TOTAL DEVELOPMENTAL MINING PROPERTIES      83,536,738           64,135,130 

      TOTAL MINING PROPERTIES                 $140,532,275         $103,452,814 

</TABLE>
Operational Mining Properties

     The Rochester Mine:  The Company owns and operates this silver and
gold surface mining operation.  The Company has conducted operations at
the Rochester Mine since September 1986.  It is one of the largest
primary silver mines in the United States and a significant gold producer
as well.  A prior owner of the property has retained a royalty interest
that varies between 0% and 5% of the net smelter revenues of the
Rochester property, provided the market price of silver is at least
$16.67.

     Golden Cross Mine:  On April 30, 1993, the Company acquired an 80%
operating interest in the Golden Cross Mine.  The mine is an underground
and surface gold mining operation located near Waihi, New Zealand. 

     The Company's 80% interest in the Golden Cross Mine, accounted for
by the proportionate consolidation method, is summarized as follows:

     Dollars in Thousands                           1993   

          Sales of dore'                         $  21,452
          Cost of mine operation                   (19,761)
          Income before income taxes
               and cumulative effect 
               of change in accounting 
               method                            $   1,691 

          Assets                                 $  74,305
          Liabilities                              (70,751)
          Shareholders' equity                   $   3,554 
<PAGE>
     Coeur d'Alene Mining District:  The Company has been the holder of
mineral interests in the Coeur d'Alene Mining District continuously since
1928.  The Company's most significant interests include a 50% joint
venture interest in the Coeur Mine, a 62.5% interest in the profits from
operation of the Galena Mine and other ancillary mining claims.  A more
complete discussion of the Galena Mine and Coeur Mine is as follows:

     Galena Mine:  In June 1992, the Company acquired a 12.5% operating
interest in the Galena Mine from Hecla Mining Company (Hecla) for $1.5
million thereby increasing the Company's total royalty and operating
interest in that property's net profits to 62.5%.  Hecla retains a net
profits royalty interest up to a maximum of $2 million commencing when
the price of silver reaches $11 an ounce.  On July 26, 1992, Asarco, the
operator, placed the Galena Mine on a care and maintenance basis due to
the then prevailing silver prices.  At December 31, 1993, Asarco and
Hecla were entitled to recoup a total of $7 million from the first net
profits received from the mine operations.  

     Coeur Mine:  The Company receives 50% of the ores and concentrates
from the mine, and is responsible to pay 50% of the operating expenses
and capital expenditures.  In April 1991, Asarco, the Coeur Mine operator
placed the Coeur Mine on a care and maintenance basis due to the then
prevailing silver prices.

Developmental Properties

     Kensington:  The Company owns a 50% interest in the Kensington gold
property located near Juneau, Alaska, is responsible for 50% of project
costs, and will receive 50% of the project revenues.  The Company's joint
venture partner is the operator of the project.  The Company's investment
in the Kensington Joint Venture is accounted for under the proportionate
consolidation method and is summarized as follows:

                                                December 31,    
                                          1993                    1992       

    Total Assets                     $ 47,495,650            $ 43,611,449  
    Total Liabilities                         -0-                     -0-    

    Venturers' equity                $ 47,495,650            $ 43,611,449    


    The Kensington Joint Venture is a development stage enterprise and
consequently has no operations.

    Fachinal:  In January 1990, the Company acquired a Chilean exploratory
stage mining company for $5 million.  The Chilean company has interests
in several projects, the most advanced of which is the Fachinal Project.

    Write-Down of Properties

    As a result of the merger between Callahan and Coeur effected on
December 31, 1991, the Company owns 100% of the Ropes Mine property
located near Ishpeming, Michigan and is the principal owner of the
Caladay project in northern Idaho.
<PAGE>
    The Ropes property was placed on indefinite shutdown in September,
1989.  During the third quarter of 1991, the mine was abandoned and the
investment in the Ropes Mine was written off, resulting in a 1991 expense
of $4,221,000.  The decision to write off the mine was based on
escalating costs to reopen the mine and the continued low market price
of gold.  In addition, third quarter 1991 income was charged with an
expense of $585,000 to establish a reserve for future costs to be
incurred in connection with the abandonment of the project.

    Concurrent with the review of the Ropes Mine, a review of the Caladay
project was performed and in 1991 the investment in Caladay was written
down by $938,000.


NOTE G--LONG-TERM DEBT

    The $50 million of 6% Convertible Subordinated Debentures Due 2002 are
convertible into shares of Common Stock prior to maturity, unless
previously redeemed, at a conversion rate of approximately 38 shares of
Common Stock for each $1,000 of principal (equivalent to a conversion 
price of $26.00 per share of Common Stock).  The Company is required to
make an annual interest payment.  The debentures are redeemable at the
option of the Company.  The debentures have no other funding requirements
until maturity.  The debentures mature June 10, 2002.  

    On December 11, 1992, the Company completed a public offering of $75
million of 7% Convertible Subordinated Debentures Due 2002 which are
convertible into shares of Common Stock at any time prior to maturity
unless previously redeemed at a conversion rate of approximately 63
shares of Common Stock for each $1,000 of principal of debenture
(equivalent to conversion price of $15.68 per share of Common Stock). 
The Company is required to make semi-annual interest payments.  The
debentures are redeemable at the option of the Company on or after
December 15, 1995.  The debentures have no other funding requirements
until maturity.  The debentures mature December 11, 2002.

    The carrying amounts and fair values of long-term borrowings consisted
of the following at December 31, 1993 and December 31, 1992:

<TABLE>
<CAPTION>
                             December 31, 1993                December 31, 1992       
                        Carrying           Fair           Carrying            Fair
                         Amount           Value             Value             Value  
<S>                   <C>              <C>              <C>               <C>

6% Convertible 
    Subordinated
    Debentures 
    Due 2002          $50,000,000      $ 51,500,000     $50,000,000       $39,000,000
7% Convertible
    Subordinated
    Debentures 
    Due 2002          $75,000,000      $109,875,000     $75,000,000       $72,937,500

</TABLE>
    Total interest accrued in 1993, 1992 and 1991, was $9,293,420,
$4,104,639 and $3,917,240, respectively, of which $3,928,846, $3,007,887
and $2,209,213, was capitalized as a development cost of the Kensington
and Fachinal projects.
<PAGE>
    Interest paid was $8,834,559, $3,663,349 and $3,779,468 in 1993, 1992
and 1991, respectively.

    The Company has a $38 million revolving credit agreement with a
syndicate of banks.  As of December 31, 1993, there were no outstanding
borrowings under the agreement.  Interest on borrowings under the
Agreement accrues at the London Interbank Borrowing Rate (LIBOR) plus
1.125%.  The Company is required to pay an annual commitment fee equal
to .375% of the unused balance of the line, and is required to comply
with certain covenants.  As of December 31, 1993, the Company has
reserved a portion of the agreement for outstanding letters of credit
totalling $7,891,620 which reduces the available credit under the
agreement.


NOTE H--INCOME TAXES

    Effective January 1, 1993, the Company changed its method of
accounting for income taxes by adopting Statement of Financial Accounting
Standards (FAS) 109, "Accounting for Income Taxes."  FAS 109 requires an
asset and liability approach to accounting for income taxes and
establishes criteria for recognizing deferred tax assets.  Accordingly,
the Company adjusted its existing deferred income tax assets and
liabilities to reflect current statutory income tax rates and previously
unrecognized tax benefits related to federal and certain state net
operating loss carryforwards.  The Statement also contains new require-
ments regarding balance sheet classification and prior business
combinations.  Hence, the Company adjusted the carrying values of Coeur
Rochester, Inc. acquired in 1986 and CDE Chilean Mining Corp. acquired
in 1989 to reflect the gross purchase value previously reported net-of-
tax which resulted in additional expenses charged against operations
amounting to approximately $480,000.  The cumulative effect of the
accounting change on prior years at January 1, 1993 is a non-recurring
gain of $5,181,188, or $.34 per share, and is included in the accompany-
ing Consolidated Statement of Operations for the year ended December 31,
1993.  As permitted by FAS 109, prior year financial statements have not
been restated to reflect the change in accounting method.

    The components of the benefit for income taxes in the consolidated
statements of operations are as follows:
<TABLE>
<CAPTION>
                                              Year Ended December 31,            
                                      1993              1992             1991    
    <S>                           <C> <C>           <C> <C>          <C>

    Current                       $   285,420       $   135,628      $(1,202,226)
    Deferred                       (3,716,180)       (3,882,764)         605,916 
    BENEFIT FOR INCOME TAXES      $(3,430,760)      $(3,747,136)     $  (596,310)

</TABLE>
      Deferred taxes arise due to temporary differences in deductions for
tax purposes and for financial statement accounting purposes.  The tax
effect and sources of these differences are as follows:
<PAGE>
<TABLE>
<CAPTION>

                                               Year Ended December 31,            
                                      1993              1992              1991   
<S>                               <C> <C>           <C> <C>          <C> <C>

Reserve for loss on 
    mine closure                  $   (84,541)      $   272,842      $   355,258
Net mine exploration and 
    development costs               1,329,435         1,876,045        1,092,784
Net lease payments                    547,783           553,872          650,478
Regular tax (benefit) provision
    on utilization of net 
    operating losses               (7,341,935)       (6,467,765)         950,073 
Impact on deferred taxes 
    of alternative minimum 
    tax in current year                                 337,721       (1,831,817)  
Environmental costs reserve          (426,273)
Increase in valuation
    allowance                         334,689
Increase in deferred
    state taxes                       617,119
Other (net)                         1,307,543          (455,479)        (610,860)
                                  $(3,716,180)      $(3,882,764)     $   605,916 
</TABLE>

    As of December 31, 1993, the significant components of the Company's
net deferred tax liability were as follows:
<TABLE>
<CAPTION>
                                                        Deferred Income Taxes     
                                                     Assets           Liabilities 
   <S>                                           <C> <C>              <C>

   Property, plant and equipment, net                                 $19,756,681
   AMT credit carryforwards                      $   938,672
   Business credit carryforwards                     628,933
   Net operating loss carryforwards               25,353,022                      
      Total                                       26,920,627           19,756,681

   Less-valuation allowance                       (8,845,488)                     
      Net                                        $18,075,139          $19,756,681 


</TABLE>
   A reconciliation of the Company's effective income tax rate with the
federal statutory tax rate for the periods indicated is as follows:
<TABLE>
<CAPTION>
                                                    Year Ended December 31,      
                                              1993            1992           1991    
<S>                                          <C>            <C>            <C>

Tax expense (benefit computed at
  statutory rates)                           (35.0%)        (34.0%)        (34.0%)
Percentage depletion                          (7.9%)        (21.6%)        (12.1%)   
Deemed dividend from foreign affiliate                        6.2%               
Alternative minimum tax impact                              (27.2%)        (36.9%)
Financial statement expenses for which
  tax benefits are unrecognized due to
  carryback limitations                                                     71.6% 
Interest on foreign subsidiary                 8.2%                        
Increase in valuation allowance                2.0%                        
Foreign taxes                                  2.4%
Foreign subsidiary earnings                    3.3%                        
Other (net)                                    6.6%          (6.6%)          7.4% 
    EFFECTIVE TAX RATE                       (20.4%)        (83.2%)         (4.0%)
</TABLE>
<PAGE>
     For tax purposes, as of December 31, 1993, the Company has a regular
operating loss carryforward of approximately $53.7 million and an
alternative minimum tax loss carryforward of approximately $31.5 million
which expire through 2008.  The Company also has alternative minimum tax
credit carryforwards of approximately $939,000.

     As of December 31, 1993, Callahan Mining Corporation, a subsidiary,
has a regular net operating loss carryforward of approximately $18.7
million and an alternative minimum tax loss carryforward of approximately
$11 million which expire through 2006.  The utilization of Callahan
Mining Corporation's net operating losses is subject to limitations.


NOTE I--SHAREHOLDERS' EQUITY AND STOCK PLANS

     In June 1989, the shareholders adopted a shareholder rights plan
which entitles each holder of the Company's Common Stock to one right. 
Each right entitles the holder to purchase one one-hundredth of a share
of newly authorized junior preferred stock.  The exercise price is $100,
making the price per full preferred share $10,000.  The rights will not
be distributed and become exercisable unless and until ten days after a
person acquires 20% of the outstanding common shares or commences an
offer that would result in the ownership of 30% or more of the shares. 
Each right also carries the right to receive upon exercise that number
of Coeur common shares which has a market value equal to two times the
exercise price.  Each preferred share issued is entitled to receive 100
times the dividend declared per share of Common Stock and 100 votes for
each share of Common Stock and is entitled to 100 times the liquidation
payment made per common share.  The Board may elect to redeem the rights
prior to their exercisability at a price of one cent ($.01) per right. 
Any preferred shares issued are not redeemable.

     The Company has an Annual Incentive Plan (the "Annual Plan") and a
Long-Term Incentive Plan ("Long-Term Plan") which were approved by
shareholders in June 1989.  Under the Annual Plan, benefits are payable
50% in cash and 50% in restricted shares of Common Stock.  Under the
Long-Term Plan, 40% of the benefits consist of non-qualified stock
options that are exercisable at prices equal to the fair market value of
the shares on the date of grant and vest cumulatively at an annual rate
of 25% during the four-year period following the date of grant.  Of the
60% balance of the awards under the Long-Term Plan, 60% is payable in
shares of Common Stock that vest at the end of a four-year period and 40%
is payable in cash.

     As of December 31, 1993 and December 31, 1992, nonqualified stock
options to purchase 125,888 shares and 104,500 shares, respectively, were
outstanding under the Long-Term Plan.  The options are exercisable at
prices ranging from $13.75 to $27.00 per share. 

     As of December 31, 1993 and December 31, 1992, the Company had
awarded 38,411 shares and 30,012 shares, respectively, of restricted
Common Stock under the Long-Term Plan and the Annual Plan, representing
deferred compensation of $347,652 and $254,344, respectively, based on
the fair market value of the restricted shares at the date of the award.
<PAGE>

     Total compensation expense charged to operations under the Plans was
$98,133, $136,264, $112,872 for 1993, 1992 and 1991, respectively.


                                                               Exercise
                                              Shares            Price  

        Stock options outstanding
               at 1/1/91                       53,200         $  19.28
        Issued                                 31,100            17.00
        Exercised                                (500)           13.75
        Canceled                               (3,100)           20.59 
        Stock options outstanding
               at 12/31/91                     80,700            18.38
        Issued                                 43,100            15.13
        Canceled                              (19,300)           17.11 
        Stock options outstanding
               at 12/31/92                    104,500            17.28
        Issued                                 39,963            18.50
        Exercised                              (8,675)           13.86
        Canceled                               (9,900)           17.31 
        Stock options outstanding
               at 12/31/93                    125,888         $  17.90 


    As of December 31, 1993 and 1992, 168,027 shares and 206,489 shares,
respectively, were available for grant under the Plans.  In total,
6,874,266 shares of Common Stock are reserved for issuance under the
Plans discussed above and for potential conversion of Convertible
Subordinated Debentures.


NOTE J--RETIREMENT PLANS

    The Company provides a noncontributory defined contribution profit-
sharing plan for all eligible employees.  Total plan expense charged to
operations was $585,477, $476,516 and $1,110,571 for 1993, 1992 and 1991,
respectively, and is based on a percentage of salary of qualified
employees.  Included in pension plan expense for 1991 is $607,128 related
to plans sponsored by Callahan which were terminated in conjunction with
the merger discussed in Note C. 


NOTE K--LITIGATION

    On November 12, 1993, the Company's Board of Directors approved the
proposed settlement (the "Settlement") of Kassover v. Coeur d'Alene Mines
Corporation (the "Lawsuit"), a class action originally filed in November
1990 and amended in March 1991 alleging violations of the federal
securities laws and common law primarily in connection with the Company's
public offering of common stock in September 1990.  The proposed
Settlement calls for the Company to (i) issue to the class members common
stock of the Company having a fair market value of $4 million based on
the average closing sale price of the common stock on the New York Stock
Exchange during the five trading days immediately preceding the court
hearing to be held in connection with the Settlement and (ii) pay
$1,875,000 in cash.  Accordingly, the Company has recorded litigation
<PAGE>
settlement expense of $5,875,000 in the third quarter of 1993.  As of
December 21, 1993, the Company and counsel for the plaintiff entered into
a Stipulation relating to the Settlement.  The Company denies any
liability or wrongdoing in connection with the suit and expects that the
Settlement, which is subject to approval by the plaintiff class members
and the court, will be effected in the late summer or early fall of 1994.

    During October 1993, the Company and Callahan negotiated a tentative
settlement agreement with the U.S. Environmental Protection Agency (the
"EPA") and a group of other companies that are potentially responsible
parties ("PRPs") in connection with the Bunker Hill Superfund site.  The
Company and Callahan were notified in February 1990 by the EPA that they
were PRPs in connection with that site, where the EPA claims there is a
need for cleanup action under the Comprehensive Environmental Response
Compensation and Liability Act of 1980 ("Superfund" or "CERCLA").  The
negotiated settlement agreement calls for the Company and Callahan to pay
a total of $1,230,000 to a group of other PRPs in order to remove the
Company and Callahan from any additional cleanup liability relating to
the site.  Accordingly, the Company recorded a non-recurring environmen-
tal settlement expense of $1,230,000 during the third quarter of 1993. 

    Callahan is the defendant in a lawsuit commenced in March 1992 by FN
Enterprises, Inc. ("FN"), a business consulting firm for Callahan.  The
suit, which is pending before the federal district court for the District
of Northern California, seeks to recover a "success fee" in the
approximate amount of $673,000 in connection with the merger that
resulted in Callahan becoming a wholly-owned subsidiary of the Company. 
Callahan has filed a counterclaim seeking rescission of the contract and
damages from FN equal to the amount of fees and expenses paid to FN. 
Although the Company believes it has meritorious defenses, an adverse
judgment against it could give rise to damages, including interest and
attorney's fees, approximating $900,000.

    The Company is a defendant in an action pending in Federal District
court for the District of Idaho in which the plaintiff seeks to recover
on four promissory notes made by a predecessor of the Company.  The
Company believes the action is barred by the statute of limitations and
by other defenses.  Damages sought are in the approximate amount of
$800,000.  

    During September 1993, the Company commenced foreclosure proceedings
upon the collateral underlying two delinquent collateralized promissory
notes.  In view of this and the Company's inability to ascertain what
amount, if any, may be realized therefrom, the Company effected a non-
recurring write-off of uncollectible notes receivable and accrued
interest of approximately $2,268,000 in the third quarter of 1993.

    The items referred to above are reflected as nonrecurring charges in
the 1993 Consolidated Statements of Operations.

    The Company is also subject to other pending or threatened legal
actions that arise in the normal course of business.  In the opinion of
management, liabilities arising from these claims, if any, will not have
a material effect on the financial position of the Company.  Depending
on the timing of any future liabilities, the amount of which cannot now
<PAGE>
be reasonably estimated, relating to these matters, such amounts could
possibly have a material impact on the results of operations for a given
period.

NOTE L--BUSINESS SEGMENT INFORMATION

    The Company operates in two business segments:  mining and manufactur-
ing.  Financial information regarding these segments is as follows. 
Corporate assets included in the presentation consist principally of cash
and cash equivalents.
<TABLE>
<CAPTION>
                                                     Year Ended December 31,       
                                            1993             1992           1991   
                                                  (Thousands of Dollars)
<S>                                     <C>             <C> <C>          <C> <C>

Revenues:
Mining group                            $  67,990       $   41,414       $   49,035
Manufacturing group                        10,192           10,108           10,187 
   Totals, business segments               78,182           51,522           59,222
Other revenues                              5,537            4,906            7,824 
   Consolidated revenues                $  83,719       $   56,428       $   67,046 


Income (Loss) Before Income Taxes:
  Mining group                          $   3,194       $     (363)      $   (6,481)
  Manufacturing group                       1,103            1,121            1,396 
    Totals, business segments               4,297              758           (5,085)
  Other revenues                            5,537            4,906            7,824 
  Corporate and other expenses            (26,555)         (10,170)         (12,584) 
  Merger expenses                                                            (5,150)
    Consolidated net loss before taxes
    and cumulative effect               $ (16,721)      $   (4,506)      $  (14,995)


Depreciation, Depletion and Amortization:
  Mining group                          $  12,010       $    4,941       $    5,324
  Manufacturing group                         259              232              233 
    Totals, business segments              12,269            5,173            5,557
  Corporate                                 1,584              627              667 
    Total                               $  13,853       $    5,800       $    6,224 


Property, Plant and Equipment Additions
(Including Noncash Expenditures):
  Mining group                          $  29,680       $    2,614       $    1,639
  Manufacturing group                         853              272               77 
    Totals, business segments              30,533            2,886            1,716
  Corporate                                 2,755              716              412 
    Total                               $  33,288       $    3,602       $    2,128 


Identifiable Assets:
  Mining group                          $ 240,521       $  150,990       $  145,301
  Manufacturing group                       5,290            4,287            5,472
    Totals, business segments             245,811          155,277          150,773
  Corporate and other                      79,897          169,979          110,827    
Consolidated assets                     $ 325,708       $  325,256       $  261,600 
</TABLE>
<PAGE>
NOTE M--SUBSEQUENT EVENT

   In January and February 1994, the Company effected an offering of $100
million ($96,750,000 net to the Company after underwriter discount) of
6 3/8% Convertible Subordinated Debentures Due 2004 which are convertible
into shares of Common Stock on or before January 31, 2004, unless
previously redeemed, at a conversion price of $26.20 per share.  The
Company is required to make semi-annual interest payments.  The
debentures are redeemable at the option of the Company on or after
January 31, 1997.  The debentures have no other funding requirements
until maturity.  The debentures mature January 31, 2004.

NOTE N--SUMMARY OF QUARTERLY FINANCIAL DATA

     The following table sets forth a summary of the quarterly results of
operations for the years ended December 31, 1993 and 1992:
<TABLE>
<CAPTION>
                                        First      Second         Third         Fourth
                                      Quarter     Quarter        Quarter        Quarter 
                                               (000's-Except Per Share Data)
<S>                                  <C>         <C>           <C>            <C>
1993
Net Sales                            $ 11,981    $ 18,663      $ 22,602       $ 24,935 
Gross Margin                              731       1,864         2,704          3,991
Net income (loss) before 
  cumulative effect                    (1,981)     (1,007)      (10,388)            86
Net income (loss)                    $  3,201    $ (1,007)     $(10,388)(d)         86
Net income (loss) per shares
  before cumulative effect               (.08)       (.07)         (.68)           .01
Net income (loss) per share          $    .22    $   (.07)     $   (.68)(d)        .01
Fully diluted income per share(a)    $    .19

1992
Net Sales                            $ 12,281    $ 13,595      $ 12,132       $ 13,514
Gross Margin(b)                         1,626       1,061           519          1,500
Net income (loss)                    $    494    $ (1,400)     $ (1,169)      $  1,316
(c)
Net income (loss) per share          $    .03    $   (.09)     $   (.08)      $    .09
Fully diluted income per share(a)                                             $    .08
(a)
<FN>
(a) Fully diluted income per share reflects the impact of all convertible securities
    including those not considered to be common stock equivalents.

(b) Amounts differ from those previously reported and represent the reclassification of
    certain indirect mining operation costs from corporate general overhead to cost of
    mine operations.
    
(c) Includes approximately $2.8 million related to the utilization of net operating losses
    and the impact of alternative minimum tax.

(d) Includes one time provisions for litigation settlement of $5,875,000, environmental
    settlement of $1,230,000 and the write-off of uncollectible notes receivables of
    $2,268,564.
</FN>
</TABLE>

<PAGE>
<TABLE>

SCHEDULE V - PROPERTY, PLANT AND EQUIPMENT
<CAPTION>
                                     Balance at                          
                                     Beginning        Additions                     
     Classification                   of Period         At Cost          
<S>                                  <C>              <C> <C>

Year ended December 31, 1993
    Land                             $  1,946,351     $   232,584        
    Buildings                           9,959,536      16,220,972        
    Machinery & Equipment              44,036,251      16,834,802        
    Operational Mining Claims          63,651,560      17,935,761        
    Mineral Interest                      754,954         160,000
    Kensington J.V.                    43,578,720       3,809,610
    Fachinal Project                   19,801,456       4,957,199
    Waihi East                                          8,454,000        
        Totals                       $183,728,828     $68,604,928

Year ended December 31, 1992
    Land                             $  2,011,770     $                  
    Buildings                          11,026,337         165,882        
    Machinery & Equipment              41,468,280       3,436,698        
    Operational Mining Claims          59,495,960       4,155,600(e)                       
        
    Mineral Interest                      754,954                        
    Kensington J.V.                    36,812,795       6,765,925(f)     
    Fachinal Project                   12,778,867       7,022,589(g)     
        Totals                       $164,348,963     $21,546,694        


Year ended December 31, 1991
    Land                             $  2,068,021     $    18,749        
    Buildings                          11,155,404          20,935        
    Machinery & Equipment              40,652,674       2,088,062        
    Operational Mining Claims          76,961,568         280,712        
    Mineral Interest                      754,954                        
    Kensington J.V.                    28,602,136       8,210,659(f)     
    Fachinal Project                    6,718,455       6,060,412(g)      
    Totals                           $166,913,212     $16,679,529        

<FN>
(a)     Reclassification entries.
(b)     Primarily the disposition of assets at the Thunder Mountain Mine.
(c)     Ropes Mine closure.
(d)     Adjusted carrying values of prior business combinations 
        as required by FAS109.
(e)     Includes construction of additional leaching capacity 
        at Rochester property.
(f)     Development expenditures at Kensington property.
(g)     Development expenditures at Fachinal property.
(h)     Property, plant and equipment are recorded at cost.  
        Depreciation is provided using the straight line method over each asset's 
        estimated economic life ranging from three to 30 years.
</FN>
</TABLE>
<PAGE>
<TABLE>
<PAGE>
SCHEDULE V - PROPERTY, PLANT AND EQUIPMENT
(Last Two Columns of Schedule V)
<CAPTION>
                                     Other Changes       Balance
                                     Add (Deduct)       at End of
    Retirements                        Describe         Period
               
    <S>                              <C>              <C>

    $  (382,003)                     $  (112,097)(a)  $  1,684,835
     (l,458,336)                         (13,800)(a)    24,708,372
     (6,256,755)                                        54,614,298
        (33,047)                       8,566,724 (d)    90,120,998
                                                           914,954
                                                        47,388,330
                                       2,020,799 (d)    26,779,454
                                                         8,454,000
     ( 8,130,141)                    $10,461,626      $254,665,241 


    $    (61,890)                    $    (3,529)(a)  $  1,946,351
      (1,115,562)(b)                    (117,121)(a)     9,959,536
        (910,921)                         42,194 (a)    44,036,251
                                                        63,651,560
                                                           754,954                       
                                                        43,578,720
                                                        19,801,456       
    $ (2,088,373)                    $   (78,456)     $183,728,828 


    $    (75,000)                    $                $  2,011,770
        (150,002)                                       11,026,337
     (1,272,456)(b)                                     41,468,280       
     (17,749,591)(c)                        3,271 (a)   59,495,960
                                                           754,954
                                                        36,812,795
                                                        12,778,867       
    $(19,247,049)                    $     3,271      $164,348,963 
<FN>
(a)     Reclassification entries.
(b)     Primarily the disposition of assets at the Thunder Mountain Mine.
(c)     Ropes Mine closure.
(d)     Adjusted carrying values of prior business combinations 
        as required by FAS109.
(e)     Includes construction of additional leaching capacity 
        at Rochester property.
(f)     Development expenditures at Kensington property.
(g)     Development expenditures at Fachinal property.
(h)     Property, plant and equipment are recorded at cost.  
        Depreciation is provided using the straight line method over each asset's 
        estimated economic life ranging from three to 30 years.
</FN>
</TABLE>
                                                                 Exhibit 24(a)
<PAGE>
<PAGE>



                        Consent of Independent Auditors


We consent to the incorporation by reference in the Registration Statement
(Form S-8 No.33-638) pertaining to the Long-Term Incentive Plan of Coeur 
d'Alene Mines Corporation ofour report dated February 11, 1994, with respect
to the consolidated financial statements and schedules of Coeur d'Alene 
Mines Corporation included in the Annual Report (Form 10-K) for the year 
ended December 31, 1993.



Seattle, Washington                                              Ernst & Young
May 24, 1994









































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