EXHIBIT 99.2

                               [COEUR LETTERHEAD]

PRESS RELEASE
- --------------------------------------------------------------------------------

                COEUR ANNOUNCES FINANCING AGREEMENT TO SELL $37.2
                     MILLION OF 9% SENIOR CONVERTIBLE NOTES

      COEUR D'ALENE, Idaho - February 21, 2003 - Coeur d'Alene Mines Corporation
(NYSE:CDE) announced today it has entered into an agreement to complete a
private placement of $37.2 million of 9.0% Senior Convertible Notes. The net
proceeds of approximately $33.8 million will be used to retire the majority of
the remaining $28 million of the Company's 6.375% Subordinated Convertible
Debentures due January 2004 and will provide working capital for general
corporate purposes.

      Dennis E. Wheeler, Coeur's Chairman and Chief Executive Officer stated,
"This financing substantially completes the Company's debt restructuring
efforts, which began in 1998. Coeur's balance sheet will be considerably
re-shaped and strengthened. We are now in a position to aggressively pursue new
growth opportunities."

      Under the purchase agreement, Coeur agreed to issue $37.2 million of new
9.0% Senior Convertible Notes ("New Notes") for $33.8 million in proceeds. The
New Notes will be convertible into common stock at a conversion price of $1.60
per share and will mature in 2007. Coeur expects to close this transaction by
the end of February. Houlihan Lokey Howard & Zukin Capital has served as the
Company's financial advisor on this transaction.

      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.

Contact:          Mitchell J. Krebs, Director of Corporate Development
                  208-769-8155

CAUTIONARY NOTE TO U.S. INVESTORS - The United States Securities and Exchange
Commission permits mining companies, in their filings with the SEC, to disclose
only those mineral deposits that a company can economically and legally extract
or produce. We use the term "resources" in this press release which the SEC
guidelines strictly prohibit us from including in our filings with the SEC. U.S.
investors are urged to consider closely the disclosure in our Form 10-K. You can
review and obtain copies of that filing from the SEC website at
http://www.sec.gov/edgar.html.

This document contains numerous forward-looking statements relating to the
Company's silver and gold mining business. The United States Private Securities
Litigation Reform Act of 1995 provides a "safe harbor" for certain
forward-looking statements. Operating, exploration and financial data, and other
statements in this document are based on information the company believes
reasonable, but involve significant uncertainties as to future gold and silver
prices, costs, ore grades, estimation of gold and silver reserves, mining and
processing conditions, changes that could result from the Company's future
acquisition of new mining

properties or businesses, the risks and hazards inherent in the mining business
(including environmental hazards, industrial accidents, weather or geologically
related conditions), regulatory and permitting matters, and risks inherent in
the ownership and operation of, or investment in, mining properties or
businesses in foreign countries. Actual results and timetables could vary
significantly from the estimates presented. Readers are cautioned not to put
undue reliance on forward-looking statements. The Company disclaims any intent
or obligation to update publicly these forward-looking statements, whether as a
result of new information, future events or otherwise.