COEUR D'ALENE MINES CORPORATION AND SUBSIDIARIES
EXHIBIT 11
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
3 MONTHS ENDED 9 MONTHS ENDED
SEPTEMBER 30 SEPTEMBER 30
----------------------------- -----------------------------
1996 1995 1996 1995
---------- ---------- ---------- ----------
(In thousands except for per share amounts)
Weighted average shares
outstanding 21,891 15,599 21,327 15,592
Net effect of dilutive
stock options-based on the
treasury stock method using
average market price 2 14 10
---------- ---------- ---------- ----------
21,893 15,613 21,327 15,602
========== ========== ========== ==========
Income (Loss) from
continuing operations $ 1,878 $ 2,039 $ (54,870) $ (89)
Income from discontinued
operations
---------- ---------- ---------- ----------
2,360
Net income (Loss) 1,878 2,039 (54,870) 2,271
========== ========== ========== ==========
Per share amounts:
Income (loss) from
continuing operations $ .09 $ .13 $ (2.57) $ .00
Income from discontinued
operations .15
---------- ---------- ---------- ----------
Net income (loss)
per share $ .09 $ .13 $ (2.57) $ .15
========== ========== ========== ==========
Net income (loss) $ 1,878 $ 2,039 $ (54,870) $ 2,271
Less preferred dividends 2,632 5,764
---------- ---------- ---------- ----------
Net income (loss)
attributable to
common shareholders $ (754) $ 2,039 $ (60,634) $ 2,271
========== ========== ========== ==========
Per share amounts
attributable to common
shareholders:
Net income (loss) from
continuing operations $ (.03) $ .13 $ (2.84) $ .00
Income from discontinued
operations .15
---------- ---------- ---------- ----------
Net income (loss) per
share attributable to
common shareholders $ (.03) $ .13 $ (2.84) $ .15
========== ========== ========== ==========
COEUR D'ALENE MINES CORPORATION AND SUBSIDIARIES
EXHIBIT 11
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
(continued)
3 MONTHS ENDED 9 MONTHS ENDED
SEPTEMBER 30 SEPTEMBER 30
----------------------------- -----------------------------
1996 1995 1996 1995
---------- ---------- ---------- ----------
(In thousands except for per share amounts)
Fully diluted earnings
per share:
Average shares outstanding 21,891 15,599
Net effect of dilutive
stock options-based on the
treasury stock method using
average market price 2 14
Assumed conversion of 6%
convertible bonds 1,949 1,955
Assumed conversion of 7%
convertible bonds 4,866
Assumed conversion of 6 3/8%
convertible bonds 3,880 3,880
Assumed conversion of MARCS 7,078
---------- ----------
34,800 26,315
========== ==========
Net income $ 1,878 $ 2,039
Add 6% convertible bond
interest net of federal
income tax effect 513 514
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 1,104
Less adjustment for capitalized
interest (1,442) (1,395)
---------- ----------
Income from continuing
operations $ 2,052 $ 3,173
========== ==========
Per share amounts:
Earnings from continuing
operations $ .06 $ .12
========== ==========