EXHIBIT 99.1

                               [COEUR LETTERHEAD]

               COEUR REPORTS FURTHER $34 MILLION REDUCTION IN DEBT

        - 66% Reduction in Total Indebtedness Since End of 1st Quarter -

COEUR D'ALENE, Idaho, July 14 /PRNewswire-FirstCall/ -- Coeur d'Alene Mines
Corporation (NYSE: CDE - News), the world's largest primary silver producer,
announced today that it has reduced the Company's outstanding convertible
indebtedness by an additional $34 million. That amount represents a 66%
reduction in Company-wide debt since the end of the first quarter of 2003. After
these recent debt reductions, the Company's convertible indebtedness due in
December 2003 and 2004 totals $15.2 million. Coeur's cash and cash equivalents
as of June 30, 2003 was $19.8 million.

Since the beginning of 1998, Coeur's total debenture indebtedness has been
reduced from $288.6 million to the current $28.9 million.

"Coeur is pleased to announce additional meaningful reductions in the Company's
remaining indebtedness, further strengthening our balance sheet and essentially
completing the major restructuring begun five years ago," said Dennis E.
Wheeler, Chairman and Chief Executive Officer. "The timing of this debt
reduction is also beneficial to current shareholders since Coeur is issuing less
shares now than if the convertible notes had been held to full maturity.

"Meanwhile, our cash position remains strong, with nearly $20 million of cash
and equivalents as of the end of June. This allows us to aggressively pursue our
growth strategy, led by Coeur's new generation of high grade/low cost mines in
South America, which have combined to fuel our production growth, lower cash
costs, and significantly improve Coeur's cash-flow profile," Mr. Wheeler added.

The transactions involved the conversion of 27.5 million shares of common stock
for $32.6 million principal amount of the Company's 9% Senior Subordinated Notes
due February 2007. The exchange of the 9% Senior Subordinated Notes resulted in
a 1.1 million share reduction in the number of shares that would have been
issued had the Notes been outstanding until maturity. In addition, the Company
exchanged .4 million shares of common stock for $0.5 million principal amount of
6.375% Convertible Subordinated Debentures due January 2004, and the exchange of
..6 million shares of common stock for $0.8 million principal amount of 7.25%
Convertible Subordinated Debentures due October 2005 in privately negotiated
transactions.

After taking these exchanges and other recent conversions into account, Coeur
now has approximately 178.6 million shares outstanding. Additional information
will be presented in a Current Report on Form 8-K to be filed by Coeur with the
SEC.

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: Tony Ebersole
            208-665-0335


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 and resources, 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.


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