CDE Coeur Mining Inc

Alaska's Legislature and Development Finance Agency Overwhelmingly Support Legislation for Kensington COEUR D'ALENE, Idaho, June 4 /PRNewswire-FirstCall/ -- Coeur d'Alene Mines Corporation (NYSE:CDE) is pleased to announce that the Alaska Industrial Development and Export Authority (AIDEA) received Governor Murkowski's approval and legislative approval to issue up to $20 million of tax-exempt bonds to construct, and in some instances own, certain facilities related to the Kensington Gold Project, located in Southeast Alaska. On May 1, 2004, the House passed the bill by a 39 - 0 margin and on May 8, 2004, the Senate passed the bill with a 17-2 vote. Dennis E. Wheeler, Chairman and Chief Executive Officer of Coeur d'Alene Mines, stated, "We are very pleased to be working with AIDEA to provide financial assistance for the development of our Kensington Gold Project. The passage of this Bill demonstrates the strong support for Kensington and the recognition that natural resource development and responsible environmental stewardship can go hand-in-hand." The Kensington Gold Project will create 300 high paying construction jobs and will provide an annual estimated payroll and benefits of about $16 million. The project will also create over 181 additional indirect jobs and result in $7.5 million in direct local purchases during construction. AIDEA is a public corporation of the State of Alaska, constituting a political subdivision under the laws of the State. It was created by the Alaska Legislature to "promote, develop and advance the general prosperity and economic welfare of the people of Alaska, to relieve problems of unemployment, and to create additional employment." Coeur d'Alene Mines Corporation is the world's largest primary silver producer, as well as a significant, low-cost producer of gold, with estimated 2004 production of 14.5 million ounces of silver and 133,000 ounces of gold. The Company has mining interests in Nevada, Idaho, Alaska, Argentina, Chile and Bolivia. Contact: Tony Ebersole, Investor Relations Coeur d'Alene Mines Corporation 208-665-0335 DATASOURCE: Coeur d'Alene Mines Corporation CONTACT: Tony Ebersole, Investor Relations of Coeur d'Alene Mines Corporation, +1-208-665-0335 Web site: http://www.coeur.com/

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