COEUR D'ALENE MINES CORPORATION AND SUBSIDIARIES
EXHIBIT 11
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
Three Months Ended Six Months Ended
March 31, June 30
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1996 1995 1996 1995
-------- -------- -------- --------
INCOME (In thousands except for per share data)
Weighted average shares
outstanding 21,620 15,614 21,043 15,597
========= ========= ========= =========
Income (Loss) from
continuing operations $(56,881) $ 1,238 $(56,748) $ (2,128)
Income from discontinued
operations 2,169 2,360
--------- --------- --------- ---------
Net income (Loss) (56,881) 3,407 (56,748) 232
========= ========= ========= =========
Per share amounts:
Income (loss) from
continuing operations $ (2.63) $ .08 $ (2.70) $ (.14)
Income from discontinued
operations .14 .15
--------- --------- --------- ---------
Net income (loss)
per share $ (2.63) $ .22 $ (2.70) $ (.01)
========= ========= ========= =========
Net income (loss) $(56,881) $ 3,407 $(56,748) $ 232
Less Preferred Dividends 2,632 3,130
--------- --------- --------- ---------
Net income (loss)
attributable to
common shareholders $(59,513) $ 3,407 $(59,878) $ 232
========= ========= ========= =========
Per share amounts
attributable to common
shareholders:
Net income (loss) from
continuing operations $ (2.75) $ .08 $ (2.85) $ (.14)
Income from discontinued
operations .14 .15
--------- --------- --------- ---------
Net income (loss) per
share attributable to
common shareholders $ (2.75) $ .22 $ (2.85) $ .01
========= ========= ========= =========
COEUR D'ALENE MINES CORPORATION AND SUBSIDIARIES
EXHIBIT 11
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
(continued)
Three Months Ended Six Months Ended
March 31, June 30
--------------------------- ---------------------------
1996 1995 1996 1995
-------- -------- -------- --------
INCOME (In thousands except for per share data)
Fully diluted earnings per share:
Average shares outstanding 15,598
Net effect of dilutive
stock options-based on the
treasury stock method using
average market price 16
Assumed conversion of 6%
convertible bonds 1,923
Assumed conversion of 7%
convertible bonds 4,783
Assumed conversion of 6 3/8%
convertible bonds 3,817
---------
26,137
---------
Net income $ 1,239
Add 6% convertible bond
interest net of federal
income tax effect 514
Add 7% convertible bond
interest net of federal
income tax effect 911
Add 6 3/8% convertible bond
interest net of federal
income tax effect 1,104
Less adjustment for capitalized
interest (913)
---------
Income from continuing operations 2,855
Income from discontinued operations 2,169
---------
Net income $ 5,024
=========
Per share amounts:
Earnings from continuing operations $ .11
Earnings from discontinued operations .08
---------
Earnings per share $ .19
=========