COEUR D'ALENE MINES CORPORATION AND SUBSIDIARIES
EXHIBIT 11
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
Three Months Ended
June 30
1995 1994
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Primary Earnings Per Share:
Average shares outstanding 15,598,198 15,354,627
Net effect of dilutive stock
options-based on the treasury
stock method using average
market price 15,490
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15,613,687 15,354,627
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Income from continuing operations $ 1,238,995 $ (1,560,380)
Income from discontinued operations 2,168,533 225,581
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Net Income $ 3,407,528 $ (1,334,799)
Per share amounts:
Earnings from continuing operations $ .08 $ (.10)
Earnings from discontinued operations .14 .01
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Earnings per share $ .22 $ (.09)
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Fully diluted Earnings Per Share:
Average shares outstanding 15,598,198
Net effect of dilutive stock
options-based on the treasury
stock method using average
market price 15,490
Assumed conversion of 6%
convertible bonds 1,923,077
Assumed conversion of 7%
convertible bonds 4,783,163
Assumed conversion of 6 3/8%
convertible bonds 3,816,794
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26,136,722
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Net income $ 1,238,998
Add 6% convertible bond
interest net of federal
income tax effect 514,083
Add 7% convertible bond
interest net of federal
income tax effect 911,332
Add 6 3/8% convertible bond
interest net of federal
income tax effect 1,104,075
Less adjustment for capitalized
interest (913,258)
Income from continuing operations 2,855,230
Income from discontinued operations 2,168,531
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Net income $ 5,023,761
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Per share amounts:
Earnings from continuing operations $ .11
Earnings from discontinued operations .08
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Earnings per share $ .19