CONSOLIDATED BALANCE SHEETS

COEUR D'ALENE MINES CORPORATION AND SUBSIDIARIES

(Unaudited)

March 31, December 31,

2005 2004

(In Thousands)

ASSETS

CURRENT ASSETS

Cash and cash equivalents $261,276 $273,079

Short-term investments 52,920 48,993

Receivables 12,199 10,634

Ore on leach pad 14,137 15,046

Metal and other inventory 17,131 17,639

Deferred tax assets 1,824 2,592

Prepaid expenses and other 3,450 3,727

362,937 371,710

PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment 85,931 85,070

Less accumulated depreciation (55,869) (54,154)

30,062 30,916

MINING PROPERTIES

Operational mining properties 122,641 121,344

Less accumulated depletion (102,484) (100,079)

20,157 21,265

Mineral interests 20,125 20,125

Non-producing and development properties 27,936 26,071

68,218 67,461

OTHER ASSETS

Non-current ore on leach pad 33,511 28,740

Restricted cash and cash equivalents 11,145 10,847

Debt issuance costs, net 5,681 5,757

Deferred tax assets 1,900 1,811

Other 8,274 8,535

60,511 55,690

TOTAL ASSETS $521,728 $525,777

COEUR D'ALENE MINES CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(Unaudited)

March 31, December 31,

2005 2004

(In Thousands)

LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES

Accounts payable $7,144 $8,389

Accrued liabilities and other 7,134 5,192

Accrued interest payable 473 1,035

Accrued salaries and wages 3,863 6,379

Current portion of remediation costs 802 1,041

Current portion of capital lease

obligations 83 114

19,499 22,150

LONG-TERM LIABILITIES

1 1/4% Convertible Senior Notes due

January 2024 180,000 180,000

Reclamation and mine closure 24,089 23,670

Other long-term liabilities 6,625 6,503

210,714 210,173

COMMITMENTS AND CONTINGENCIES

SHAREHOLDERS' EQUITY

Common Stock, par value $1.00 per

share-authorized 500,000,000 shares,

issued 241,074,417 and 241,028,303 shares

in 2005 and 2004 (1,059,211 shares held in

treasury) 241,074 241,028

Additional paid-in capital 629,595 629,809

Accumulated deficit (563,678) (561,908)

Shares held in treasury (13,190) (13,190)

Accumulated other comprehensive loss (2,286) (2,285)

291,515 293,454

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $521,728 $525,777

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

COEUR D'ALENE MINES CORPORATION AND SUBSIDIARIES

(Unaudited)

Three Months ended March 31,

2005 2004

(In Thousands, except per share data)

REVENUES

Sales of metal $36,207 $29,650

Interest and other 1,941 (647)

Total revenues 38,148 29,003

COSTS AND EXPENSES

Production 21,259 16,950

Depreciation and depletion 4,661 4,846

Administrative and general 5,526 3,608

Exploration 3,118 1,944

Pre-development 2,369 1,614

Interest 570 938

Litigation settlement 1,600 --

Other holding costs 136 756

Total cost and expenses 39,239 30,656

LOSS FROM CONTINUING OPERATIONS BEFORE

TAXES (1,091) (1,653)

Income tax provision (679) --

NET LOSS (1,770) (1,653)

Other comprehensive loss (1) (208)

COMPREHENSIVE LOSS (1,771) $(1,861)

BASIC AND DILUTED LOSS PER SHARE:

Net loss $(0.01) $(0.01)

Weighted average number of shares of

common stock (000's) $239,985 $213,142

COEUR D'ALENE MINES CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

Three Months Ended March 31, 2004 and 2003

(Unaudited)

Three Months Ended March 31,

2005 2004

(In Thousands)

CASH FLOWS FROM OPERATING ACTIVITIES:

Net loss $(1,770) $(1,653)

Add (deduct) non-cash items:

Depreciation and depletion 4,661 4,846

Deferred taxes 679 --

Unrealized loss (gain) on embedded

derivative (626) (1,127)

Amortization of premium/discount 313 385

Amortization of restricted stock

compensation 423 567

Amortization of debt issuance

costs 76 181

Other charges (2) 229

Changes in Operating Assets and

Liabilities:

Receivables (1,564) (3,435)

Prepaid and other current assets 882 436

Inventories (3,353) (4,650)

Accounts payable and accrued

liabilities (2,182) (3,854)

CASH USED IN OPERATING ACTIVITIES (2,463) (8,075)

CASH FLOWS FROM INVESTING ACTIVITIES:

Purchases of short-term

investments (10,546) (52,107)

Proceeds from sales of short-term

investments 6,015 9,590

Capital expenditures (4,177) (1,480)

Other 17 215

CASH USED IN INVESTING ACTIVITIES (8,691) (43,782)

CASH FLOWS FROM FINANCING ACTIVITIES:

Retirement of Long Term Debt -- (9,561)

Debt issuance costs -- (6,097)

Proceeds from issuance of

subordinated notes -- 180,000

Bank borrowings on working capital

facility -- 6,056

Payments to bank on working

capital facility -- (5,696)

Common stock repurchase (569) (793)

Retirement of building loan -- (1,200)

Other (80) 45

CASH PROVIDED BY (USED IN) FINANCING

ACTIVITIES: (649) 162,754

INCREASE (DECREASE) IN CASH AND CASH

EQUIVALENTS (11,803) 110,897

Cash and cash equivalents at

beginning of period 273,079 62,417

Cash and cash equivalents at end

of period $261,276 $173,314

The Company's first quarter earnings conference call and web cast will be held on May 9, 2005 beginning at 1:00 p.m. Eastern time. To participate:

Dial-In Number: (877) 209-0397 (US and Canada)

(612) 332-1025 (International)

Host: Dennis E. Wheeler

Tony Ebersole, Director of Investor Relations of Coeur d'Alene Mines Corporation, +1-800-523-1535, tebersole@coeur.com