Coeur Mining, Inc. · NYSE:CDE

Coeur Mining — Q3 2019 Earnings Presentation

69 slides from Coeur Mining's earnings presentation, Nov 5, 2019

  1. Slide 1: 2019 Third Quarter Earnings

    2019 Third Quarter Earnings 11:00 a.m. ET, November 5, 2019 NYSE: CDE NYSE: C DE 1 JC 2016

  2. Slide 2: Cautionary Statements

    Cautionary Statements This presentation contains forward‐looking statements within the meaning of securities legislation in the United States and Canada, including statements involving strategic priorities and company strategies, expectations regarding environmental, social and governance (“ESG”) in

  3. Slide 3: Third Quarter 2019 Highlights

    Third Quarter 2019 Highlights • Strong financial results driven by increased gold production and higher metals prices • Second consecutive quarter of positive free cash flow 1, with significant contributions from Palmarejo and Wharf • Fully-commissioned, new crushing circuit processing ore at Roches

  4. Slide 4: Financial Summary

    Financial Summary ($M, except metal sales, adj. EBITDA margin and per share amounts) 3Q 2019 2Q 2019 QoQ Δ 3Q 2018 YoY Δ M etal Sales1 Gold ounces sold (oz) 1 0 0,407 86,385 16% 89,609 12% Silver ounces sold (M oz) 3 .0 3.0 (1%) 2.9 3% Zinc pounds sold (M lbs) 4 .1 5.3 (23%) 1.8 128% Lead pounds sol

  5. Slide 5: Production Summary

    Production Summary Full-Year Y TD Implied 3Q Y TD 1 Guidance2 Progress3 4Q 4 Comments Gold Production (oz) • 3Q 2019 production driven by improvement in average grade Palmarejo 31,779 83,230 95,000 – 105,000 83% 11,770 – 21,770 • 4Q 2019 production expected to be driven by improved recoveries from t

  6. Slide 6: Gold and U.S. Remain Largest Share of Metal Sales

    Gold and U.S. Remain Largest Share of Metal Sales The Company’s sales mix reflects its balanced and high-quality portfolio of mines in attractive jurisdictions. The relative contribution of gold and U.S. revenue increased in 3Q 2019, reflecting strong results at Kensington and Wharf 3Q 2019 Metal Sa

  7. Slide 7: Rochester: Upgraded Crushing Circuit Utilizing HPGR

    Rochester: Upgraded Crushing Circuit Utilizing HPGR Initial recovery results from bottle roll and column tests on HPGR-crushed ore are encouraging and in-line with original expectations. Operational and financial results expected to improve in 4Q 2019, reflecting a full quarter integrating the new c

  8. Slide 8: Rochester: HPGR Microfracturing & Operating Data

    Rochester: HPGR Microfracturing & Operating Data Traditional Cone Crushing Rochester Expected Silver Recoveries 1 • Silver particles encapsulated by silica leads to 66% 68% 63% “traditional” Rochester recovery 61% 54% 47% Silver particles 38% 43% 36% encapsulated by quartz 31% 20% 18% 16% 10% 13% 30

  9. Slide 9: Silvertip: Commissioning Priorities to Achieve Stability

    Silvertip: Commissioning Priorities to Achieve Stability 1 Coeur continues to focus on improving mill availability. The Company has also mobilized third-party resources and revamped its human resources strategy to achieve operational stability Key Areas of Focus Key Initiatives ✓ Prioritizing mainte

  10. Slide 10: Coeur's Capital Allocation Framework

    Coeur’s Capital Allocation Framework Mining is capital intensive and requires a disciplined approach to capital allocation with a view toward long-term reserve replacement and growth  Reflects the Company’s values Safety / Environment / −  Mitigates risk for stakeholders Sustainability  Establish

  11. Slide 11: Balance Sheet Summary

    Balance Sheet Summary Liquidity Profile $M Jun. 30, 2019 Sep. 30, 2019 ($M) 5.875% senior notes due 2024 $246.2 $226.7 +34% $315.3 Revolving credit facility 53.0 0.0 Capital lease obligations 70.7 72.0 $234.9 TOTAL DEBT $370.0 $298.7 $250.0 Cash and cash equivalents $37.9 $65.3 Available revolver ba

  12. Slide 12: Hedging Strategy: Implementing Downside Protection

    Hedging Strategy: Implementing Downside Protection During 3Q 2019, Coeur implemented a series of zero-cost collar hedges on a portion of its gold production in 2019 and 2020, allowing for downside protection and participation in potential upside. The strategy was designed to support free cash flow1

  13. Slide 13: CapEx Summary

    CapEx Summary Capital Expenditures by Mine Capital Expenditures Composition (% companywide total) (% companywide total) 21% 20% 32% 38% 39% 40% 2018 7% 4% 2019E1 2018 2019E1 $141M $100M-$120M $141M $100M-$120M 60% 20% 68% 32% 17% 2% Palmarejo Rochester Kensington Wharf Silvertip Developing Sustainin

  14. Slide 14: Looking Ahead

    Looking Ahead Top Near-Term Priorities ✓ Generate higher silver recoveries and lower unit costs at Rochester • ✓ Further optimize availability and begin rationalizing costs at Silvertip • ✓ Continue generating Companywide positive free cash flow 1 • Other Key Value Drivers ✓ La Nación and new thicke

  15. Slide 15: 2019 Guidance

    2019 Guidance 1 Production Outlook Gold (oz) Silver (K oz) Zinc (K lbs) Lead (K lbs) Palmarejo 95,000 – 105,000 6,500 – 7,200 - - Rochester 40,000 – 50,000 4,200 – 5,000 - - Kensington 117,000 – 130,000 - - - Wharf 82,000 – 87,000 - - - Silvertip - 1,500 – 2,500 25,000 – 40,000 20,000 – 35,000 C ons

  16. Slide 16: ESG Highlights

    ESG Highlights NYSE: C DE 16 JC 2016

  17. Slide 17: What Matters to Coeur

    What Matters to Coeur Environmental • Training and Development • Climate Change • Health, Safety & Security • Green House Gas Emissions Society • Water Stewardship • Investment in Local Communities • Waste Minimization • Indigenous Rights • Biodiversity • Human Rights • Tailings Management Governanc

  18. Slide 18: Bolstering Human Rights Efforts

    Bolstering Human Rights Efforts Coeur places immense value on the dignity, well-being and human rights of our employees, the communities in which we operate as well as any other stakeholders impacted by our operations 4Q 2018 1Q 2019 3Q 2019 4Q 2019 •Developed, •Signed CEO •Developed •Aim to impleme

  19. Slide 19: Demonstrating Community Commitment – Palmarejo

    Demonstrating Community Commitment – Palmarejo Biodiversity & Investment in Local Communities 11 Years receiving the 19,000 Palmarejo operates three large CEMEFI1 Corporate Social Local plants donated to communities in 2018 greenhouses, growing local plants. In Responsibility Award August, Palmarejo

  20. Slide 20: Demonstrating Community Commitment – Rochester

    Demonstrating Community Commitment – Rochester Contributing to Nevada History Rochester provided 1,500 ounces of Nevada silver for the 150th anniversary of the Nevada Mint. 3,000 replicas of the original 1870 coin will be minted1 Rochester representatives attended the kick-off celebration and pushed

  21. Slide 21: Demonstrating Community Commitment – Kensington

    Demonstrating Community Commitment – Kensington 32+ Years in the Community 860+ Jobs supported in the state of Alaska Helping with Housing ~2/3 Kensington recently donated five sleeper Of employees are Alaskan; 41% from Juneau, 24% from other 2nd Largest private employer and trailers to Tlingit & Ha

  22. Slide 22: Demonstrating Community Commitment – Wharf

    Demonstrating Community Commitment – Wharf Fourth Annual Community Open House & Picnic On August 24, Wharf hosted over 200 community and family members on site to learn more about the operation. Open house activities included photo opportunities with equipment and to dress as a miner as well as a vi

  23. Slide 23: Demonstrating Community Commitment – Silvertip

    Demonstrating Community Commitment – Silvertip Building Silvertip’s Brand & Recruitment of First Nations 19 First Nations-partnered 4+ Silvertip is actively partnering with local job businesses worked with Meetings with Kaska Advisory Committees boards, job service agencies and businesses Coeur in 2

  24. Slide 24: Industry-Leading Safety Performance

    Industry-Leading Safety Performance In 2017, Coeur achieved the National Mining Association CORESafety certification Coeur’s injury frequency rate remains significantly below industry averages Lost-Time Injury Frequency Rate Total Reportable Injury Frequency Rate Industry average1 Industry average1

  25. Slide 25: 2019 International EHS Innovation Award Winner

    2019 International EHS Innovation Award Winner Coeur is committed to being an industry leader in environmental, health and safety innovation, exemplified through the Company’s utilization of technology to protect its people, places and planet Technology Implementation at Coeur Global EHS • Real time

  26. Slide 26: Demonstrating Our Commitment

    Demonstrating Our Commitment Best-in-Class Governance Practices Board Refreshment and • Three new independent directors added to the Board since early 2018 and six Succession Planning directors – more than 50% of the Board – added in last six years • Active Board succession planning and refreshment

  27. Slide 27: Significantly Improved Corporate Governance Profile

    Significantly Improved Corporate Governance Profile Corporate Governance Enhancements Since 2010 2010 2019 Independent Board Chairman   Entire Board of Directors is independent other than CEO   Gender diversity on the Board   Majority voting standard for uncontested Director elections   Prox

  28. Slide 28: 2018 CEO Compensation Tied to Stockholder Returns

    2018 CEO Compensation Tied to Stockholder Returns Base Salary 19% Performance Shares 34% 57% of compensation linked to stock AIP performance 24% Restricted (Based 100% on Stock Company Performance) 23% NYSE: C DE 28 JC 2016

  29. Slide 29: 2019 Incentive Plan

    2019 Incentive Plan Aligned with Strategic Objectives & Purpose Statement PROTECT TRIFR % reduction AIP1 15% % reduction in significant spills DEVELOP Three-Year Growth in Reserves and PSUs2,3 50% Resources from Continuing Operations Costs Applicable to Sales AIP 60% Adjusted EBITDA DELIVER Three-Ye

  30. Slide 30: Diverse Board Led by Independent Chair

    Diverse Board Led by Independent Chair • Ten out of the eleven Directors are independent (all except CEO); all four main committees comprised of independent directors only • One new director elected in March 2019 and two new directors elected in February 2018 having skills and experiences that compl

  31. Slide 31: Appendix

    Appendix NYSE: C DE 31 JC 2016

  32. Slide 32: Palmarejo

    Palmarejo Ownership 100% Claims 112,520 net acres Type Underground Crushing, grinding, flotation, CIL, Processing Merrill-Crowe precipitation, refining Metals Silver and gold doré Mine life ~8 years Palmarejo C hihuahua, N orthern M exico Share of Companywide 2019E1 Production 2014 & 2018 Reserves &

  33. Slide 33: Palmarejo (cont.)

    Palmarejo (cont.) Production and Cost Performance Operating Cash Flow and Capital Expenditures ($M) $741 Operating cash flow $36.3 $713 Capital expenditures $660 $615 $624 $9.66 $9.17 $8.95 $8.39 $7.92 1,893 31 32 28 1,735 28 1,720 $15.6 1,544 23 $13.3 1,278 $8.6 $8.7 $7.6 $7.8 $5.9 $5.9 $4.7 3Q 201

  34. Slide 34: Rochester

    Rochester Ownership 100% Claims 16,494 net acres Type Open pit and heap leach Crushing, dump heap leaching, Processing Merrill-Crowe precipitation, refining Metals Silver and gold doré Rochester Mine life ~19 years N evada, U.S. Share of Companywide 2019E1 Production 2014 & 2018 Reserves & Resources

  35. Slide 35: Rochester (cont.)

    Rochester (cont.) Production and Cost Performance Operating Cash Flow and Capital Expenditures ($M) $1,230 $1,153 Operating cash flow $1,092 Capital expenditures $929 $917 $14.24 $17.9 $12.83 $13.19 $11.35 $10.79 1,466 $10.2 1,290 $8.3 16 960 971 982 15 $5.7 $4.6 $3.6 9 $3.0 $2.8 8 8 $1.6 ($1.0) 3Q

  36. Slide 36: Review of HPGR Technology

    Review of HPGR Technology HPGR technology is relatively new to precious metals mining, although it has been proven in processing other materials. The implementation of HPGR at Rochester is expected to improve silver recoveries and lower operating costs HPGR Schematic1 Selected Commentary Feed • Feed

  37. Slide 37: Summary of Rochester PEA

    Summary of Rochester PEA 1 PEA Highlights 2017 TR 2018 PEA • ✓ Re-scoped mine plan and PEA incorporate the Proven and probable reserves Mineralized material tons K tons 244,804 anticipated economic benefit from: Mineralized material gold grade oz/t 0.003 Mineralized material silver grade oz/t 0.46 –

  38. Slide 38: Notes to Rochester's Re-Scoped Mine Plan and PEA

    Notes to Rochester’s Re-Scoped Mine Plan and PEA (a) 2018 PEA is effective December 31, 2017 and filed March 5, 2018, and the 2017 Technical Report is effective December 31, 2016. (b) Assumed metals prices for estimated Mineral Resources included in the 2018 Technical Report were $20.00 per ounce of

  39. Slide 39: Kensington

    Kensington Ownership 100% Claims 12,336 net acres Type Underground Processing Crushing, grinding, flotation Kensington processing Alask a, U.S. Metals Gold concentrate Mine life ~4 years Share of Companywide 2019E1 Production 2014 & 2018 Reserves & Resources 2 P&P Reserves M&I Resources Inferred Res

  40. Slide 40: Kensington (cont.)

    Kensington (cont.) Production and Cost Performance Operating Cash Flow and Capital Expenditures ($M) $1,091 Operating cash flow $19.2 $990 Capital expenditures $16.4 $843 $842 $822 $12.0 35 34 34 $10.6 $9.4 30 27 $7.9 $6.2 $4.9 $4.9 ($0.4) 3 3 3Q 2018 4Q 2018 1Q 2019 2Q 2019 3Q 2019 3Q 2018 4Q 2018

  41. Slide 41: Wharf

    Wharf Ownership 100% Claims 7,852 net acres Type Open pit and heap leach Crushing, “on-off” heap leaching, Processing spent ore neutralization, carbon absorption/desorption Wharf South Dak ota, U.S. Metals Electrolytic cathodic sludge Mine life ~8 years Share of Companywide 2019E1 Production 2015 &

  42. Slide 42: Wharf (cont.)

    Wharf (cont.) Production and Cost Performance Operating Cash Flow and Capital Expenditures ($M) $1,002 Operating cash flow $17.6 $939 $949 Capital expenditures $895 $887 26 19 17 17 16 $4.2 $3.7 $1.2 $0.8 $0.7 $0.4 $0.5 $0.2 ($1.9) 3Q 2018 4Q 2018 1Q 2019 2Q 2019 3Q 2019 3Q 2018 4Q 2018 1Q 2019 2Q 2

  43. Slide 43: Silvertip

    Silvertip Ownership 100% Claims 90,156 net acres Type Underground Silvertip British C olum bia, C anada Crushing, grinding, flotation Processing processing, concentrate thickening Metals Lead concentrate, zinc concentrate Mine life ~5 years Share of Companywide 2019E1 Production 2018 Reserves & Reso

  44. Slide 44: Non-GAAP Reconciliations

    Non-GAAP Reconciliations NYSE: C DE 44 JC 2016

  45. Slide 45: Non-GAAP to U.S. GAAP Reconciliation for Guidance

    Non-GAAP to U.S. GAAP Reconciliation for Guidance Unaudited Costs Applicable to Sales Guidance for 2019 ($ thousands, except per ounce amounts) Palmarejo Rochester Kensington Wharf Silvertip Total Costs applicable to sales, including amortization (U.S. GAAP) $196,310 $131,918 $154,285 $90,299 $156,4

  46. Slide 46: Non-GAAP to U.S. GAAP Reconciliation

    Non-GAAP to U.S. GAAP Reconciliation Costs Applicable to Sales Unaudited 3 months ended September 30, 2019 ($ thousands, except per ounce amounts) Palmarejo Rochester Kensington Wharf Silvertip Total Costs applicable to sales, including amortization (U.S. GAAP) $53,237 $31,999 $43,085 $25,385 $32,45

  47. Slide 47: Non-GAAP to U.S. GAAP Reconciliation (cont.)

    Non-GAAP to U.S. GAAP Reconciliation (cont.) Costs Applicable to Sales Unaudited 3 months ended June 30, 2019 ($ thousands, except per ounce amounts) Palmarejo Rochester Kensington Wharf Silvertip Total Costs applicable to sales, including amortization (U.S. GAAP) $50,708 $28,656 $41,670 $17,691 $36

  48. Slide 48: Non-GAAP to U.S. GAAP Reconciliation (cont.)

    Non-GAAP to U.S. GAAP Reconciliation (cont.) Costs Applicable to Sales Unaudited 3 months ended March 31, 2019 ($ thousands, except per ounce amounts) Palmarejo Rochester Kensington Wharf Silvertip Total Costs applicable to sales, including amortization (U.S. GAAP) $47,772 $26,491 $43,902 $20,073 $3

  49. Slide 49: Non-GAAP to U.S. GAAP Reconciliation (cont.)

    Non-GAAP to U.S. GAAP Reconciliation (cont.) Costs Applicable to Sales Unaudited Year ended December 31, 2018 ($ thousands, except per ounce amounts) Palmarejo Rochester Kensington Wharf Silvertip Total Costs applicable to sales, including amortization (U.S. GAAP) $180,832 $126,586 $141,872 $78,273

  50. Slide 50: Non-GAAP to U.S. GAAP Reconciliation (cont.)

    Non-GAAP to U.S. GAAP Reconciliation (cont.) Costs Applicable to Sales Unaudited 3 months ended December 31, 2018 ($ thousands, except per ounce amounts) Palmarejo Rochester Kensington Wharf Silvertip Total Costs applicable to sales, including amortization (U.S. GAAP) $42,119 $35,364 $30,703 $16,839

  51. Slide 51: Non-GAAP to U.S. GAAP Reconciliation (cont.)

    Non-GAAP to U.S. GAAP Reconciliation (cont.) Costs Applicable to Sales Unaudited 3 months ended September 30, 2018 ($ thousands, except per ounce amounts) Palmarejo Rochester Kensington Wharf Silvertip Total Costs applicable to sales, including amortization (U.S. GAAP) $46,349 $32,842 $35,153 $20,85

  52. Slide 52: Non-GAAP to U.S. GAAP Reconciliation (cont.)

    Non-GAAP to U.S. GAAP Reconciliation (cont.) Unaudited Adjusted Net Income (Loss) ($ thousands) 3Q 2019 2Q 2019 1Q 2019 2018 4Q 2018 3Q 2018 2017 2016 2015 Net income (loss) ($14,277) ($36,764) ($19,201) ($48,405) $468 ($53,044) ($1,319) $55,352 ($367,183) Income (loss) from discont. ops., net of ta

  53. Slide 53: Non-GAAP to U.S. GAAP Reconciliation (cont.)

    Non-GAAP to U.S. GAAP Reconciliation (cont.) Unaudited Adjusted EBITDA ($ thousands) 3Q 2019 2Q 2019 1Q 2019 2018 4Q 2018 3Q 2018 2017 2016 2015 Net income (loss) ($14,277) ($36,764) ($19,201) ($48,405) $468 ($53,044) ($1,319) $55,352 ($367,183) Income (loss) from discont. ops., net of tax - - (5,69

  54. Slide 54: Non-GAAP to U.S. GAAP Reconciliation (cont.)

    Non-GAAP to U.S. GAAP Reconciliation (cont.) Unaudited Free Cash Flow ($ thousands) 3Q 2019 2Q 2019 1Q 2019 2018 4Q 2018 3Q 2018 2017 2016 2015 Cash flow from operating activities $41,996 $26,435 $(15,846) $20,108 $72 $5,789 $197,160 $96,461 $87,412 Capital expenditures (30,678) (20,749) (27,438) (1

  55. Slide 55: Non-GAAP to U.S. GAAP Reconciliation (cont.)

    Non-GAAP to U.S. GAAP Reconciliation (cont.) Unaudited Leverage Ratios LTM Adjusted EBITDA Consolidated Debt ($ thousands) 2Q 2019 3Q 2019 ($ thousands) 2Q 2019 3Q 2019 Net income (loss) ($108,541) ($69,774) Cash and cash equivalents $37,907 $65,319 (Income) loss from discontinued operations, net of

  56. Slide 56: Reserves and Resources

    Reserves and Resources 2018 Proven and Probable Mineral Reserves Grade Contained Location Short tons Gold (oz/t) Silver (oz/t) Zinc (%) Lead (%) Gold (oz) Silver (oz) Zinc (lbs) Lead (lbs) P ROVEN RESERVES Palmarejo Mexico 1,283,000 0.084 4.97 108,000 6,376,000 Rochester Nevada, USA 228,413,000 0.00

  57. Slide 57: Reserves and Resources (cont.)

    Reserves and Resources (cont.) 2018 Measured and Indicated Mineral Resources (excluding Reserves) Grade Contained Location Short tons Gold (oz/t) Silver (oz/t) Zinc (%) Lead (%) Gold (oz) Silver (oz) Zinc (lbs) Lead (lbs) M E ASURED RESOURCES Palmarejo Mexico 604,000 0.086 4.77 52,000 2,880,000 Roch

  58. Slide 58: Reserves and Resources (cont.)

    Reserves and Resources (cont.) 2018 Inferred Mineral Resources Grade Contained Location Short tons Gold (oz/t) Silver (oz/t) Zinc (%) Lead (%) Gold (oz) Silver (oz) Zinc (lbs) Lead (lbs) INFERRED RESOURCES Palmarejo Mexico 5,875,000 0.065 4.36 384,000 25,609,000 Rochester Nevada, USA 235,062,000 0.0

  59. Slide 59: Reserves and Resources (cont.)

    Reserves and Resources (cont.) 2017 Proven and Probable Mineral Reserves Grade Contained Location Short tons Gold (oz/t) Silver (oz/t) Zinc (%) Lead (%) Gold (oz) Silver (oz) Zinc (lbs) Lead (lbs) P ROVEN RESERVES Palmarejo Mexico 1,571,000 0.073 3.81 115,000 5,978,000 Rochester Nevada, USA 195,724,

  60. Slide 60: Reserves and Resources (cont.)

    Reserves and Resources (cont.) 2017 Measured and Indicated Mineral Resources (excluding Reserves) Grade Contained Location Short tons Gold (oz/t) Silver (oz/t) Zinc (%) Lead (%) Gold (oz) Silver (oz) Zinc (lbs) Lead (lbs) M E ASURED RESOURCES Palmarejo Mexico 629,000 0.051 3.07 32,000 1,928,000 Roch

  61. Slide 61: Reserves and Resources (cont.)

    Reserves and Resources (cont.) 2017 Inferred Mineral Resources Grade Contained Location Short tons Gold (oz/t) Silver (oz/t) Zinc (%) Lead (%) Gold (oz) Silver (oz) Zinc (lbs) Lead (lbs) INFERRED RESOURCES Palmarejo Mexico 7,336,000 0.050 4.23 369,000 31,061,000 Rochester Nevada, USA 131,570,000 0.0

  62. Slide 62: Reserves and Resources (cont.)

    Reserves and Resources (cont.) Wharf’s 2015 Mineral Reserves and Resources Grade Contained Short tons Gold (oz/t) Silver (oz/t) Gold (oz) Silver (oz) P ROVEN AND PROBABLE RESERVES Proven Reserves 11,791,000 0.032 - 374,000 - Probable Reserves 14,984,000 0.023 - 338,000 - Tot al Proven and Probable R

  63. Slide 63: Reserves and Resources (cont.)

    Reserves and Resources (cont.) 2014 Proven and Probable Mineral Reserves Grade Contained Location Short tons Gold (oz/t) Silver (oz/t) Zinc (%) Lead (%) Gold (oz) Silver (oz) Zinc (lbs) Lead (lbs) P ROVEN RESERVES Palmarejo Mexico 1,089,000 0.043 3.37 46,000 3,670,000 Rochester Nevada, USA 89,077,00

  64. Slide 64: Reserves and Resources (cont.)

    Reserves and Resources (cont.) 2014 Measured and Indicated Mineral Resources (excluding Reserves) Grade Contained Location Short tons Gold (oz/t) Silver (oz/t) Zinc (%) Lead (%) Gold (oz) Silver (oz) Zinc (lbs) Lead (lbs) M E ASURED RESOURCES Palmarejo Mexico 417,000 0.062 4.48 - - 26,000 1,870,000

  65. Slide 65: Reserves and Resources (cont.)

    Reserves and Resources (cont.) 2014 Inferred Mineral Resources Grade Contained Location Short tons Gold (oz/t) Silver (oz/t) Zinc (%) Lead (%) Gold (oz) Silver (oz) Zinc (lbs) Lead (lbs) INFERRED RESOURCES Palmarejo Mexico 2,065,000 0.116 4.98 - - 240,000 10,286,000 - - Rochester Nevada, USA 96,039,

  66. Slide 66: Executive Leadership

    Executive Leadership Mitchell J. Krebs – President and Chief Executive Officer. During his twenty-year tenure with Coeur, Mr. Krebs has led nearly $2 billion in capital raising and debt restructuring activities and has facilitated over $2 billion of acquisitions and divestitures. Mr. Krebs was previ

  67. Slide 67: Board of Directors

    Board of Directors Robert E. Mellor – Former Chairman, Chief Executive Officer, and President of Building Materials Holding Corporation (distribution, manufacturing, and sales of building materials and component products) from 1997 to January 2010, director from 1991 to January 2010; member of the b

  68. Slide 68: Board of Directors (cont.)

    Board of Directors (cont.) Jessica L. McDonald – Chair (former Interim CEO) of Canada Post Corporation, Chair of Trevali Mining Corporation and member of Board of Directors of Hydro One Limited. Ms. McDonald is also a Mentor at the Trudeau Foundation, was a visiting fellow at the Steyer-Taylor Cente

  69. Slide 69: Contact Information

    Contact Information Corporate Office Coeur Mining, Inc. 104 S. Michigan Ave., Suite 900 Chicago, IL 60603 Main Telephone +1 (312) 489-5800 Stock Ticker CDE: NYSE Website www.coeur.com Contact P aul D eP artout Director, Investor Relations investors@coeur.c om NYSE: C DE 69 JC 2016

Coeur Mining — Q3 2019 Earnings Presentation on 6ix