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Standard & Poor's Issues Positive Outlook for Coeur D'Alene Mines

Improved Liquidity, Future Profitability And Growth Profile Cited In Outlook Upgrade

Coeur d'Alene Mines Corporation, the world's largest primary silver producer, announced that Standard and Poor's (S&P) rating agency has upgraded its outlook on Coeur to positive and affirmed its overall rating on the Company.

In its new rating announcement issued Monday, S&P noted that the upgraded outlook on the Company to positive from negative reflects the improvement in Coeur's liquidity, as a result of the Company's recently completed $76.4 million equity offering. The agency noted that the increased liquidity provides Coeur with the capital needed to implement plans to improve the Company's profitability and production growth.

Coeur d'Alene Mines Corporation is the world's largest primary silver producer, as well as a significant, low-cost producer of gold. The Company has mining interests in Nevada, Idaho, Alaska, Argentina, Chile and Bolivia.

Source: Coeur d'Alene Mines Corporation
Oct. 7, 2003

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