COEUR D'ALENE MINES CORPORATION AND SUBSIDIARIES
EXHIBIT 11
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30 SEPTEMBER 30
----------------------------- -----------------------------
1997 1996 1997 1996
---------- ---------- ---------- ----------
(In thousands except per share amounts)
Weighted average shares
outstanding 21,891 21,891 21,891 21,327
Net effect of dilutive
stock options-based on the
treasury stock method using
average market price 2
---------- ---------- ---------- ----------
21,891 21,893 21,891 21,327
========== ========== ========== ==========
Net income (Loss) $ (6,268) $ 1,878 $ (8,265) $ (54,870)
========== ========== ========== ==========
Per share amounts:
Net income (loss)
per share $ (.29) $ .09 $ (.38) $ (2.57)
========== ========== ========== ==========
Net income (loss) $ (6,268) $ 1,878 $ (8,265) $ (54,870)
Less preferred dividends 2,635 2,632 7,899 5,764
---------- ---------- ---------- ----------
Net income (loss)
attributable to
common shareholders $ (8,903) $ (754) $ (16,164) $ (60,634)
========== ========== ========== ==========
Per share amounts
attributable to common
shareholders:
Net income (loss) per
share attributable to
common shareholders $ (.41) $ (.03) $ (.74) $ (2.84)
========== ========== ========== ==========
COEUR D'ALENE MINES CORPORATION AND SUBSIDIARIES
EXHIBIT 11
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
(continued)
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30 SEPTEMBER 30
----------------------------- -----------------------------
1997 1996 1997 1996
---------- ---------- ---------- ----------
(In thousands except per share amounts)
Fully diluted earnings
per share:
Average shares outstanding 21,891
Net effect of dilutive
stock options-based on the
treasury stock method using
average market price 2
Assumed conversion of 6%
convertible bonds 1,949
Assumed conversion of 6 3/8%
convertible bonds 3,880
Assumed conversion of MARCS 7,078
---------- ----------
34,800
========== ==========
Net income $ $ 1,878
Add 6% convertible bond
interest net of federal
income tax effect 513
Add 7% convertible bond
interest net of federal
income tax effect
Add 6 3/8% convertible bond
interest net of federal
income tax effect 1,104
Less adjustment for capitalized
interest (1,442)
---------- ----------
Income from continuing
operations $ $ 2,052
========== ==========
Per share amounts:
Earnings from continuing
operations $ $ .06
========== ==========
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