Employment Agreement 



        This
 Agreement  is made  effective  on the 20th day of  September,  2004,  between  Coeur
 d'Alene  Mines Corporation ("Company") and Thomas T. Angelos, ("Employee"). 





WITNESSETH: 



        In
consideration of the mutual promises and covenants herein contained to be kept and
performed by the parties hereto, the parties agree as follows:  





1.      Employment.
The Company agrees to, and hereby does, employ Employee as           Controller and Chief
Accounting Officer, and Employee accepts such employment,           on the terms and
conditions of this Agreement.  



2.     Term Of
Employment. The initial term of employment shall be from           September 20, 2004
through the 20th day of September, 2006, unless sooner           terminated as herein
provided. It is further agreed that this Agreement           automatically renews from
day-to-day so that Company and Employee are at all           times bound to this
Agreement for a period of two years, unless either party           gives the other party
written notice of intention to terminate this Agreement at           the end of two years
from the date of receipt of such notice. It is understood,           however, that
termination can occur in accordance with the provisions of           paragraph 7 below,
notwithstanding anything to the contrary in this paragraph 2.  



3.     Compensation.
The Company shall pay to Employee during the duration of           the term of this
Agreement as follows:  



        (a)                 A
base salary of $130,000 annually, payable in equal monthly installments, which
          may be reviewed annually during any Agreement year, but which may not be
          decreased, and any higher salary to become the base salary for the purposes of
          this provision, it being understood, however, that failure to increase the
          salary shall not be grounds for termination of this Agreement;  





        (b)                 Such
other compensation and benefits that may be made available by the Company           in
the discretion of the Board of Directors, consisting of bonuses, short-term           and
long-term incentive plans, pension plan, retirement plan, profit sharing           plan,
stock purchase plan and any other kind or type of incentive programs           approved
by the Board. It is understood that Employee shall be a participant in           all
compensation and benefit programs, including welfare benefit plans, which           exist
for the executive staff of the Company;  











1  















        (c)                 Employee
shall be entitled to earn a bonus payable in cash equal to no less than           30% of
his annual salary, which is the potential sum of $39,000 and a maximum of
          $78,000 (AIP). In addition, Employee shall be entitled to earn a bonus under
the           long term plan with a target level of 30% or a potential $39,000(LTIP).
Such           bonuses are at the discretion of the board of directors, and it is
understood           that the AIP potential award will be prorated in accordance with
Employee’s           months of service in 2004 with your eligibility for the LTIP in
March 2005           without reduction for years of service prior to March 2005; and  





        (d)                 Employee
will be eligible for a cash vehicle allowance to be paid by the Company           monthly
commencing with the month of October 2004.  





4.     Duties.
Employee, during the term of this Agreement, shall perform the           duties usually
and customarily associated with the office specified in paragraph           (1) above and
as assigned to him from time-to-time by the Chief Financial           Officer of Company
or his designee.  



        Employee
shall devote his best efforts and substantially all of his time during business hours to
advance the interests of the Company. He shall not engage in business activity in
competition with the Company.  





5.     Vacation.
Employee shall be entitled to four weeks vacation during each           contract year of
this Agreement, during which the compensation provided in this           Agreement shall
be paid in full. Entitlement to vacation shall commence during           the first
contract year of employment, the timing of such vacation to be with           the Employee’s
supervisor approval.  



6.     Disability.
In the event Employee becomes disabled (inability or           incapacity due to physical
or mental illness or injury to perform his duties)           during the term of this
Agreement, which renders him unable to perform his           duties, he shall be entitled
to participate in the Company’s disability           payment plan in effect at the
time of the disability.  



7.     Signing
Bonus-Relocation. Employee shall be paid a signing bonus upon           reporting for
work in the amount of $25,000. Company’s relocation policy           will apply to
Employee, it being understood that, in addition one month salary           will be paid
to Employee to cover incidentals, with no cap on this item.  











2 















8.     Termination
Of Employment. This Agreement shall be terminated as follows:  



        (a)                 In
accordance with paragraph 2 above.  



        (b)                 Upon
the death of Employee.  





        (c)                 By
mutual agreement of the parties.  





        (d)                 Upon
disability of Employee, when such disability renders Employee unable to           perform
his duties for more than 90 continuous days.  





        (e)                 By
the Company without giving any reason for termination, but with the
          understanding that the compensation provided herein, except provision of 401K,
          Defined Contribution Plan, life insurance, accidental death and dismemberment,
          vehicle allowance and disability insurance, but including the target annual
          incentive bonus and the long term incentive bonus (it being understood,
however,           as to the incentive plans the Plan documents control the Employee’s
          rights), shall be paid or provided in full to Employee in accordance with this
          Agreement, for the period of the remaining duration of this Agreement. (To
          illustrate, for the purpose of clarity, the meaning of the phrase
          “remaining duration”, the parties understand that it is possible that
          a party may give notice of termination in accordance with paragraph 2 above,
          thereby establishing a termination date, and later, termination might occur in
          accordance with this paragraph 8(e), in which event payment of compensation may
          be for a period of less than two years.) It is agreed that Company may set-off
          against the compensation due to Employee under this subparagraph any items of
          like compensation which Employee receives from other employment after the date
          of termination.  





        (f)                 By
the Company for cause, which means that Employee has failed to perform his
          duties after having received from the Company a written notice that his duties
          are not being performed, which written notice shall specify how performance is
          deficient, and Employee then fails to resume performance promptly after receipt
          of notice and failure of performance is not rectified. For cause also means
          conviction of a felony or engagement in illegal conduct which is injurious to
          the Company, in either such case Company need not allow Employee to rectify
          nonperformance. “Deficient” performance means misfeasance or
          nonfeasance of duty which was intended to, or does, injure the Company’s
          reputation or its business or relationships; willful and continued failure of
          Employee to substantially perform his duties under this Agreement (except by
          reason of physical or mental disability, which is dealt with in paragraph 8(d)
          above); dishonesty in the performance of Employee’s duties and material
          breach by Employee of the covenants contained in paragraph 4 above.  












3 












        (g)                 Upon
change in control of Company, as “change in control” is defined           in
the so-called change in control agreement between Company and Employee, a           copy
of which is attached hereto as Attachment A, and which will be executed by           the
parties hereto when this Agreement is executed by them. In the event of
          termination for this reason, Employee’s and Company’s rights with
          respect to compensation and all other matters related to employment shall be as
          specified in the change in control agreement, and not this Agreement.  





        (h)                 By
Employee for Good Reason. For the purposes of this Agreement “Good           Reason” is
defined to mean (i) a material reduction in Employee’s           responsibilities,
authorities or duties; or (ii) failure of the Company to pay           to Employee any
amount otherwise vested and due under this Agreement or under           any plan or
policy of the Company, which failure is not cured within five days           from receipt
by the Company of written notice from Employee which specifies the           details of
the failure.  





        In
the event of termination of this Agreement for any of the reasons specified above other
than item (e) (termination by the Company without giving any reason), Employee shall be
entitled to be paid his base salary prorated for the calendar year to the date of
termination. All other benefits, if any, following such termination shall be paid in
accordance with the plans, policies and practices of the Company which are in effect on
the date of termination. As to termination in accordance with item (e) above, Employee
shall be paid in accordance with that subparagraph.  





9.     Confidentiality.
Employee agrees to keep all information acquired in           connection with his
employment confidential, in accordance with the           confidentiality agreement which
is attached to this Agreement, marked Attachment           B, to be executed by Employee
when this Agreement is executed by him.  












4 













10.    Specific
Performance. Employee understands that the obligations           undertaken by him as
set forth in this Agreement are unique, and that Company           will likely have no
adequate remedy at law in the event such obligations are           breached. Employee
therefore confirms that Company has the right to seek           specific performance if
Company feels such remedy is essential to protect the           rights of Company.
Accordingly, in addition to any other remedies which Company           might have in law
or equity, it shall have the right to have all obligations           specifically
performed, and to obtain injunctive relief, preliminary or           otherwise, to secure
performance. Employee agrees that the arbitration provision           below will not be
used to assert dismissal of an action in court for injunctive           relief, and
agrees that the availability of arbitration is not intended by the           parties to
prevent Company from seeking specific performance and injunctive           relief.  



11.    Arbitration.
The Company and Employee will attempt to resolve any           disputes under this
Agreement by negotiation. If any matter is not thereby           resolved, within 30 days
after written notice by either party to the other, any           dispute or disagreement
arising out of or relating to this Agreement, or the           breach of it, will be
subject to exclusive, final and binding arbitration to be           conducted in Coeur d’Alene,
Idaho in accordance with the Labor Arbitration           Rules of Procedure of the
American Arbitration Association and the laws of the           State of Idaho governing
arbitration of disputes.  



12.    Other
Items. This Agreement shall not be amended or modified in any way           unless
the amendment or modification is in writing, signed by the parties. There           shall
be no oral modification of this Agreement. No provision of this Agreement           shall
be waived by conduct of the parties or in any other way. This Agreement           and its
validity, interpretation, construction and performance shall be governed           by the
laws of the State of Idaho. Employee acknowledges that he received upon
          execution of this Agreement a copy of the Company’s Insider Trading
Policy,           Attachment C.  



        IN
WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first
written above.  






	Coeur d'Alene Mines Corporation


	
	By:   	   
	
	
 
	
	Employee	












5 


















Attachment A 



EXECUTIVE SEVERANCE
AGREEMENT  






        THIS
AGREEMENT, dated as of September 20, 2004, is made and entered into between Coeur d’Alene
Mines Corporation (the “Company”) and Thomas T. Angelos (the “Executive”)
and is made in light of the following circumstances:  





        A.                 The
Company recognizes the valuable services that the Executive will render and
          desires to be assured that the Executive will continue his active participation
          in the management and business of the Company; and  





        B.                 The
Company considers the establishment and maintenance of a sound and vital
          management to be essential to protecting and enhancing the best interests of
the           Company and its shareholders, and the Company recognizes the existence and
          continued likely existence of possible change in control of the Company, as
          defined below, causing uncertainty among management and resulting in the
          possible departure or distraction of members of management to the detriment of
          the Company and its shareholders; and  





        C.                 The
Executive is willing to serve the Company, but desires assurance that in the
          event of any such change in control of the Company, he will be protected
against           the financial impact of an unexpected termination.  





        NOW,
THEREFORE, the Company agrees that the severance benefits described below will be
provided, subject to the terms and conditions set forth below, to the Executive in the
event the employment of the Executive with the Company or its subsidiaries is terminated
subsequent to a change in control of the Company, as defined below, under the
circumstances described below:  





1.     Company’s
Right to Terminate. During the Term of Agreement, as           defined below, the
Executive agrees, so long as he continues to be employed as           an officer of the
Company or any of its subsidiaries, to continue to perform his           regular duties
as such officer of the Company in accordance with the Employment           Agreement
dated as of September 20, 2004. Notwithstanding the foregoing, the           Company may
terminate the employment of the Executive at any time, subject to           providing the
benefits hereinafter specified in accordance with the terms hereto           and subject
to all terms and conditions of the Employment Agreement of September           20, 2004.  



2.     Effective
Date. The “Effective Date” shall be the date of this           Agreement as
above set forth.  



3.     Term of
Agreement. This Agreement shall have a termination date which is           identical
to the Employment Agreement between the parties of September 20, 2004           and shall
continue from day-to-day until terminated in accordance with the           termination
provisions of the Employment Agreement of September 20, 2004, unless           a change
in control of the Company, as defined below, shall have occurred prior           to that
date, in which event it shall continue in effect during the two (2) year           period
immediately following such change in control as provided herein.  
















4.     Change
of Control. No benefits shall be payable hereunder unless there           shall have
occurred a change in control of the Company, as defined below, and           the
employment of the Executive by the company shall have been thereafter
          terminated in the manner described in section 5 hereof. For purpose of this
          Agreement, a change in control of the Company (“Change in Control”)
          shall mean and be determined to have occurred if (a) any organization, group or
          person (“Person”) (as such term is used in Sections 13(d) and 14(d)
of           the Securities Exchange Act of 1934, as amended)(the “Exchange Act”)
          is or becomes the beneficial owner (as defined in Rule 13d-3 under the Exchange
          Act), directly or indirectly, of securities of the Company representing 35% or
          more of the combined voting power of the then outstanding securities of the
          Company; or (b) during any two-year period, a majority of the members of the
          Board serving at the Effective Date of this Agreement is replaced by directors
          who are not nominated and approved by the Board; or (c) a majority of the
          members of the Board is represented by, appointed by or affiliated with any
          Person whom the Board has determined is seeking to effect a Change in Control
of           the Company; or (d) the Company shall be combined with or acquired by
another           company and the Board shall have determined, either before such event
or           thereafter, by resolution, that a Change in Control will or has occurred.  



5.     Termination
Following Change in Control. If a Change in Control shall           have occurred,
the Executive shall be entitled to the benefits provided in           Section 6 hereof
upon the subsequent involuntary termination, whether actual or           constructive, as
defined below, of the employment of the Executive within the           two (2) year
period immediately following such Change in Control, for any reason           other than
termination for cause, disability, death, normal retirement or early
          retirement. For the purposes of this section:  



	 	
(a)
                            “Constructive
Involuntary Termination” shall mean voluntary                     termination of
employment by the Executive as a result of a significant change                     in
the duties, responsibilities, reporting relationship, job description,
                    compensation, perquisites, office or location of employment of
Executive without                     the written consent of the Executive.  






	 	
(b)
                            “Cause” shall
mean termination of employment on account of (i) fraud,
                    misrepresentation, theft or embezzlement, (ii) intentional violation
of laws                     involving moral turpitude or which is materially injurious to
the Company, (iii)                     willful and continued failure by the Executive
substantially to perform his or                     her duties with the Company or its
subsidiaries (other than failure resulting                     from the Executive’s
incapacity due to physical or mental illness), after a                     demand for
substantial performance is delivered to the Executive by the
                    President or the Chairman of the Board of the Company, which demand
specifically                     identifies the manner in which the Executive has not
substantially performed his                     or her duties.  












2 












	 	
(c)
                            “Disability” shall
mean inability or incapacity, due to physical or                     mental illness, of
the Executive to perform his or her duties with the company                     for a
period of three continuous months.  






	 	
(d)
                            Any termination of the
employment of the Executive by the Company shall be                     communicated by a
written notice of termination addressed to the Executive and                     any
termination of the employment of the Executive by the Executive, except by
                    death, shall be communicated by a written notice of termination
addressed to the                     President or Chairman of the Board of the Company.
The notice of termination                     shall specify the date of termination (“Date
of Termination”) and the                     characterization of the termination.  






6.     Benefits
Upon Termination. If the Executive’s employment by the           Company shall
be terminated as provided in Section 5 hereof, other than for           cause, disability
or death, the Executive shall be entitled to the benefits           provided below:  



	 	
(a)
     Base Salary and Bonuses. The Company
shall continue to compensate the                     Executive at his or her full annual
base salary at the rate in effect                     immediately prior to the
termination of the employment of the Executive, and to                     pay short-term
and long-term bonuses at target levels pursuant to the                     Company’s
2003 Annual Incentive Plan and 2003 Long-Term Performance Plan,                     for
the period of two (2) years following actual involuntary termination or
                    Constructive Involuntary Termination, if such termination occurs
during the                     period in which this Agreement is in effect (the “Salary
Continuance                     Period”). Benefits paid in accordance with this
Subsection 6(a) shall not                     be reduced in the event the Executive is
employed elsewhere during this time                     period, or by reason of death or
disability.  






	 	
(b)
     Medical and Dental Benefits; Long-term
Disability Benefits. The Company                     shall maintain in full force and
effect from the Date of Termination through the                     end of the Salary
Continuance Period, all medical and dental benefits and all                     long term
disability benefits in which the Executive was entitled to participate
                    immediately prior to the Date of Termination, to the same extent as
if the                     Executive had continued to be an employee of the Company
during the Salary                     Continuance Period, provided that such continued
participation is feasible under                     the general terms and provisions of
such plans and programs. To the extent such                     continued participation
is not feasible, the Company shall arrange to provide                     the Executive
with substantially the same benefits as those to which he or she
                    would have been entitled to receive under such plans and programs.
All such                     medical and dental benefits shall be subject to the group
health plan                     continuation coverage requirements as provided in Section
162(d) of the Internal                     revenue Code of 1986, as amended (The “Code”).
All such medical and                     dental benefits shall be discontinued upon
employment by the Executive with                     another company and the commencement
of coverage of the Executive pursuant to a                     long-term disability plan
of such new employer.  












3 













	 	
(c)
     Stock Options. In the event of a Change
in Control, all outstanding                     stock options, stock appreciation rights,
restricted stock, performance plan                     awards and performance shares
granted by the Company to the Executive under the                     Company’s 2003
Long-Term Performance Plan shall become immediately                     exercisable in
full and otherwise vest 100% in accordance with the subject to                     the
provisions under Section 13 of such Long-Term Performance Plan.  






	 	
(d)
     Retirement Benefits.  






	 	
(1)
     Defined Contribution Plans. The Company
shall not use the provisions of                     any defined contribution plan to deny
a lump sum option to the Executive unless                     this occurs under uniform
treatment applicable to all plan participants.  






	 	
(2)
     Defined Benefit Plan. The Executive
shall be entitled to continued                     credit for years of service under the
defined benefit plan of the Company from                     the date of Termination
through the Salary Continuance Period, and any                     compensation paid to
the Executive pursuant to subsection 6(a) above shall be                     treated as
salary compensation for purposes of such plan. to the extent that
                    such augmentation of the defined benefit plan is not possible under
such plan,                     the Company shall pay the Executive an amount equal to the
present value of such                     augmentation, or arrange to provide the
Executive with substantially the same                     benefit.  






	 	
(e)
     Certain Executive Reimbursement. The
Company shall pay the Executive an                     amount necessary to reimburse the
Executive for all legal fees and expenses                     incurred by the Executive
as a result of the Change in Control of the company                     and such
termination of employment, including any fees and expenses incurred in
                    contesting or disputing any such termination or in seeking to obtain
or enforce                     any right or benefit provided by this Agreement; provided,
however, that the                     Company shall be obliged only to pay amounts
necessary to reimburse the                     Executive for legal fees and expense
incurred by the Executive with respect to                     any claim or claims made by
him as to which he shall substantially prevail in                     litigation relating
thereto against the Company.  






        The
payment provided for in subsection 6(a) hereof shall be subject to applicable payroll or
other tax required to be withheld by the Company. Payments to the Executive hereunder
shall be considered severance pay in consideration of past service and his or her
continued service after the date of this Agreement. The payment provided for in
subsection 6(d)(1) hereof shall be made to the Executive within five (5) business days
after the Date of Termination. The Executive shall not be required to mitigate the amount
of any payment provided for in this Section 6 by seeking other employment or otherwise,
and expect as provided in subsection 6(b) above, the amount of any payment provided for
in this Section 6 shall not be reduced by any compensation earned by the Executive as a
result of employment by another employer after the Date of Termination, or otherwise.  











4 












7.     Limitation
on Payments. If the severance payments provided for under this           Agreement,
either alone or together with other payments which the Executive           would have the
right to receive from the Company, would constitute a           “parachute payment,” as
defined in Section 280G(a) of the Code as in           effect at the time of payment,
such payment shall be reduced to the largest           amount as will result in no
portion being subject to the excise tax imposed by           Section 4999 of the Code or
the disallowance of a deduction by Company pursuant           to Section 280G of the
Code. The determination of the amount of any reduction           under this section, and
the plan and payment to which such reductions shall           apply, shall be made in
good faith by the Executive and such determination shall           be binding on the
Company.  



8.     Successor;
Binding Agreement 



	 	
(a)               The
Company will require any successor (whether direct or indirect) by purchase,
          merger, consolidation or otherwise, to all or substantially all of the business
          or assets of the Company by agreement in form and substance satisfactory to the
          Executive, to expressly assume and agree to perform this Agreement in the same
          manner and to the same extent that the Company would be required to perform it
          if no such succession had taken place.  






	 	
(b)               This
Agreement shall inure to the benefit of and be enforceable by the personal           or
legal representatives, executors, administrators, successors, heirs,
          distributees, devisees and legatees of the Executive. If the Executive should
          die while any amount would be payable to the Executive hereunder if the
          Executive had continued to live, all such amounts, unless otherwise provided
          herein, shall be paid in accordance with the terms of this Agreement to the
          devisee, legatee or other designee or, if there be no such designee, to the
          estate of the Executive.  






9.     Notices.
For the purposes of this Agreement, notices and all other           communications
provided for in the Agreement shall be in writing and shall be           deemed to have
been duly given when delivered or mailed by certified or           registered mail,
return receipt requested, postage prepaid, addressed:  






		
	if to the Company:
	Chairman and Chief  Executive Officer

Coeur d' Alene Mines Corporation

505 Front Avenue

Coeur d' Alene, ID 83814

	 	 
	if to the Executive:
	Thomas T. Angelos

[insert address] 













5 












or to such other address as either
party may have furnished to the other in writing in accordance herewith except the notice
of change of address shall be effective only upon receipt.  



10.    Miscellaneous.
No provisions of this Agreement may be modified, waived or           discharged unless
such waiver, modification or discharge is agreed to in writing           signed by the
Executive and on behalf of the Company by the President, the           chairman of the
Board or such other officer as may be specifically designated by           the Board. No
waiver by either party there of, or compliance with, any condition           or provision
of this Agreement to be performed by such other party shall be           deemed a waiver
of similar or dissimilar provisions or conditions at the time or           at any prior
to subsequent time. No agreements or representations, oral or           otherwise,
express or implied, with respect to the subject matter hereof have           been made by
either party which are not expressly set forth in this Agreement.           This
Agreement shall not supersede or in any way limit the rights, duties or
          obligations the Executive may have under any other written agreement with the
          Company. The validity, interpretation, construction and performance of this
          Agreement shall be governed by the laws of the State of Idaho.  



11.    Severability.
The invalidity or unenforceability of any provisions of           this Agreement shall
not affect the validity or enforceability of any other           provision of this
Agreement, which shall remain in full force and effect.  



12.    Arbitration.
Any dispute or controversy arising under or in connection           with this Agreement
shall be settled exclusively by arbitration in Coeur d’          Alene, Idaho in
accordance with the rules of the American Arbitration           Association then in
effect. Judgment may be entered on the arbitrator’s           award in any court
having jurisdiction.  



        IN
WITNESS WHEREOF, the parties have executed this Agreement as of the day and year
first-above written.  





	THE COMPANY


	COEUR D' ALENE MINES CORPORATION



		   

		Dennis E. Wheeler

Chairman, CEO & President












		
	THE EXECUTIVE  	   

		Thomas T. Angelos













6