Cda Mines Losses Increase Despite Record Gold Output

Tue., Aug. 16, 1994

Coeur d’Alene Mines Corp. Monday reported losses increased during the first half of 1994, despite record gold production. The company, which owns two idled silver mines in North Idaho’s Silver Valley, lost $1.3 million in the second quarter compared with a loss of $1 million in the second quarter of 1993. That translates to a loss of 9 cents a share, vs. 7 cents.

Through the first six months of the year, the company lost $3.9 million compared with profits of $2.2 million for the first half of 1993. A one-time accounting change during the first half of 1993 resulted in a $5.2 million gain for the company.

Coeur d’Alene’s gold properties produced a record 63,100 ounces for the first half of 1994, the company said.

Second-quarter revenues rose 26 percent to $25.3 million from $20.1 million in the second quarter of 1993. Helped by higher silver and gold prices, first-half revenues rose 49 percent to $49.8 million from $33.4 in 1993.

Coeur d’Alene Mines’ stock closed Monday up 13 cents at $17.75.

Local journalism is essential.

Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are tax deductible.

Meet Our Journalists

Jesse Tinsley

Meet Jesse Tinsley. As a certified drone pilot, this veteran Spokesman-Review photographer often can be seen capturing beautiful aerial photographs of our region. Sometimes though, the job requires getting down with the dogs.
Jim Meehan

Jim Meehan is no stranger to Zag Nation. As the lead writer covering the Gonzaga men’s basketball team, he tells the stories behind the game and gets fans a bit closer to their favorite players.
Molly Quinn

There is no artist in Spokane like Molly Quinn. Her whimsical style is instantly recognizable to readers of The Spokesman-Review. She has painted gorgeous illustrations that instantly elevate the journalism accompanying it. She brings to life the stories that defy photography. She makes our pages better.
Rob Curley

Spokesman-Review editor Rob Curley loves to talk with people and learn about their lives, whether it's a best-selling author or a stranger he meets downtown on his walk to lunch. It's that inquisitive nature combined with a playful sense of storytelling that helps make our newspaper different than most.

Cda Mines Losses Increase Despite Record Gold Output

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

Scott Pelley accuses CBS News boss of 'Murdering' '60 Minutes'

Russia finance officials tell Putin war spending is unaffordable

‘Landmark’ pancreatic cancer drug keeps patients alive for twice as long