Coeur Mining Reports Year-End 2020 Mineral Reserves and Resources, and Provides Palmarejo, Kensington and Crown Exploration Update

About this update from Coeur Mining, Inc.

[{"type":"text","content":"CHICAGO / Feb 17, 2021 / Business Wire / Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today reported its 2020 mineral reserves and resources, and provided an update on its 2020 exploration programs at its Palmarejo and Kensington operations, following its mid-year update on August 11, 2020. Coeur also highlighted new drilling results at the recently-discovered C-Horst zone at the Crown exploration property in southern Nevada. The drilling campaigns at the Company’s Rochester and Silvertip mines as well as Crown and Sterling exploration properties were discussed during Coeur’s Investor Day on December 17, 2020. Key Highlights1,2 Positive results at Rochester and Palmarejo drove Companywide reserve growth – Successful drilling campaigns and resource conversions, net of depletion, drove strong double-digit reserve growth for both gold and silver at Rochester and Palmarejo. These positive results led to a 22% and 42% year-over-year increase in Companywide gold and silver reserves, respectively Significant increase in Silvertip’s resource base – Coeur significantly increased the size of its resource base at Silvertip, following the execution of the largest and most successful exploration program in the history of the property. Silver, zinc and lead measured and indicated resources increased by approximately 50%, 45% and 50%, respectively. Similarly, silver, zinc and lead inferred resources grew by approximately 46%, 69% and 37%, respectively Continued growth in measured and indicated resources – Measured and indicated resources were higher across all metals for the second consecutive year. Gold and silver measured and indicated resources increased 18% and 5%, respectively. The double-digit growth in measured and indicated gold resources was driven by significant additions at Palmarejo and Wharf, while slightly higher measured and indicated silver resources reflects additions at Palmarejo and Silvertip Expansion drilling at Palmarejo targeted new, high-grade discoveries – Expansion drilling north and west of the Independencia deposit returned positive results that highlight the potential for future reserve growth. Specifically, 90% of drill holes completed at the Hidalgo zone over the past two years returned intercepts above ore-grade cutoff over mineable widths. Importantly, the Hidalgo zone is adjacent to infrastructure...

More updates from Coeur Mining, Inc.