Coeur Mining, Inc. · NYSE:CDE
Coeur Mining — Q4 2024 Earnings Presentation
74 slides from Coeur Mining's earnings presentation, Feb 20, 2025
Slide 1: 2024 Fourth Quarter and Full-Year Earnings
2024 Fourth Quarter and Full-Year Earnings 11:00 a.m. ET, February 20, 2025 NYSE: CDE NYSE: CDE 1 JC 2016
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, growth, anticipated production, costs and expenses, exploration and de
Slide 3: Fourth Quarter and Full-Year 2024 Highlights
Fourth Quarter and Full-Year 2024 Highlights • SilverCrest transaction closed Friday, February 14 • Full-year guidance achieved with strong 4Q performance • Sharp declines in full-year gold and silver CAS • Second consecutive quarter of strong earnings and free cash flow1,2 • $80 million of
Slide 4: Production & Unit Cost Scorecard
Production & Unit Cost Scorecard Palmarejo Rochester Kensington Wharf Consolidated Gold Production (oz) 2024 Guidance1 95,000 – 103,000 37,000 – 50,000 92,000 – 106,000 86,000 – 96,000 310,000 – 355,000 2024 Actual 108,666 39,203 95,671 98,042 341,582 Status Silver Production (M oz) 2024 Guidance1 5
Slide 5: Overview of 2025E Production Guidance
Overview of 2025E Production Guidance1 Operation 2024 Production Guidance Range Illustrative Production Profile Commentary ~29% ~29% ~29% ~14% • Production guidance reflects 10.5 months based on Las Chispas N/A 42,500 – 52,500 the closing date of the acquisition 1Q 2Q 3Q 4Q ~23% ~26% ~25% ~26% • Low
Slide 6: SilverCrest Acquisition Transaction Highlights
SilverCrest Acquisition Transaction Highlights The combined company is expected to generate peer-leading 2025 Creates A production of approximately 16.7 – 20.25 million ounces of silver and Leading Global Silver Company 380,000 – 440,000 ounces of gold, representing year-over-year increases of 62% a
Slide 7: Rochester Expansion Now Complete
Rochester Expansion Now Complete Rochester is one of the largest operations of its kind in the world and is America’s largest source of domestically produced and refined silver. 2025 represents the first full year post-expansion with significant expected production increases, materially lower expect
Slide 8: Financial Summary
Financial Summary Years Quarters ($M, except metal sales, adj. EBITDA margin and per share amounts) 2024 2023 YoY ∆ 4Q 2024 3Q 2024 QoQ ∆ 4Q 2023 YoY ∆ Metal Sales Gold ounces sold (oz) 340,816 315,511 8% 85,555 96,913 (12%) 99,540 (14%) Silver ounces sold (M oz) 11.4 10.1 13% 3.2 3.0 6% 3.0 6% Key
Slide 9: Sustaining a Higher Level of Exploration Investment
Sustaining a Higher Level of Exploration Investment The Company remains focused on delivering results through the drill bit in 2025, with significant investments at Palmarejo, Las Chispas and Silvertip targeting resource expansion and at Kensington and Wharf targeting reserve increases Total Explora
Slide 10: Expanded Reserve and Resource Base
Expanded Reserve and Resource Base Coeur’s 2024 exploration program was successful in growing resources via new discoveries. The Company has invested over $285 million in exploration over the past five years, contributing to significant overall reserve and resource growth Proven & Probable Reserves
Slide 11: 2025 Capital Expenditures Breakdown
2025 Capital Expenditures Breakdown Capital Expenditures Trends ($M) $352 $365 $310 $100 $126 $101 $30 - $34 $187 - $225 $183 $157 - $191 $252 $132 - $156 $238 $141 $102 - $122 $209 $42 $55 - $69 $55 - $69 2021 2022 2023 2024 Coeur Las Chispas Total 2025E1 Sustaining2 Development 2025 Capital Expend
Slide 12: Balance Sheet Update
Balance Sheet Update Adjusted EBITDA / Net Leverage Ratio1,2,3 ($M) 3.4x 3.2x $700 2.9x 1.9x $339 $287 1.6x $192 $142 $162 Dec. 31, 2023 Mar. 31, 2024 Jun. 30, 2024 Sep. 30, 2024 Dec. 31, 2024 Dec. 31, 2025E 1Q 2025 Working Capital Highlights Debt and Leverage Summary1,3 ($M) • Expected to generate
Slide 13: Looking Ahead: Key Deliverables for 2025
Looking Ahead: Key Deliverables for 2025 • Deliver strong post-expansion results at Rochester • Successfully integrate Las Chispas • Continue to deleverage the balance sheet • Invest in high-return exploration opportunities at existing operations • Accelerate investment at Silvertip to expand r
Slide 14: 2025 Guidance
2025 Guidance1 Production Outlook Gold (oz) Silver (K oz) Las Chispas 42,500 – 52,500 4,250 – 5,250 Palmarejo 95,000 – 105,000 5,400 – 6,500 Rochester 60,000 – 75,000 7,000 – 8,300 Kensington 92,500 – 107,500 - Wharf 90,000 – 100,000 50 – 200 Consolidated 380,000 – 440,000 16,700 – 20,250 CAS Outloo
Slide 15: ESG Highlights
ESG Highlights NYSE: CDE 15 JC 2016
Slide 16: ESG Materiality Assessment Process
ESG Materiality Assessment Process In 2024, the Company conducted a formal update to the items considered material1 from an ESG perspective, building upon the outcomes identified in 2021. This periodic assessment identified any gaps in Coeur’s ESG strategy, objectives and disclosures to effectively
Slide 17: What Matters to Coeur
What Matters to Coeur Results have remained relatively stable since Coeur’s last ESG materiality assessment in 2021 with environmental issues continuing to be viewed as highly significant overall 2024 Materiality Assessment1 1 • There has been a slight increase in Highest the emphasis on economic re
Slide 18: Industry-Leading Safety Performance
Industry-Leading Safety Performance Coeur has been certified in the National Mining Association’s CORESafety program since 2017 and completed its recertification in July 2021 Coeur’s injury frequency rate remains significantly below industry averages, resulting in the lowest Total Reportable Injury
Slide 19: Appendix
Appendix NYSE: CDE 19 JC 2016
Slide 20: Las Chispas
Las Chispas The Las Chispas silver-gold operation is located in the state of Sonora, Mexico, and is an underground mine with processing operations as well as several other deposits and exploration targets Asset Overview Share of Companywide 2025E2 Production Ownership 100% Gold Silver Employees1 314
Slide 21: Palmarejo
Palmarejo The Palmarejo gold-silver complex is located in the state of Chihuahua, Mexico, and is an underground mine with processing operations as well as several other deposits and exploration targets Asset Overview Share of Companywide 2025E2 Production Ownership 100% Gold Silver Employees1 869 Cl
Slide 22: Palmarejo (cont.)
Palmarejo (cont.) Production and Cost Performance Operating Cash Flow and Capital Expenditures ($M) Operating cash flow $1,010 $1,006 $901 Capital expenditures $55.6 $15.92 $15.26 $15.24 $818 $13.18 $894 $12.60 $33.1 33 1,818 1,823 $24.1 $25.6 $23.7 1,621 28 25 25 1,596 1,542 22 $8.9 $9.9 $6.8 $8.0
Slide 23: Rochester
Rochester The Rochester mine is an open pit, heap leach silver-gold operation, located in northern Nevada, which completed a significant expansion that is driving a step-change in production and cash flow Asset Overview Share of Companywide 2025E2 Production Ownership 100% Gold Silver Employees1 431
Slide 24: Rochester (cont.)
Rochester (cont.) Production and Cost Performance Operating Cash Flow and Capital Expenditures ($M) $1,813 $1,735 Operating cash flow $1,630 $1,564 Capital expenditures $1,495 $21.58 $20.88 $19.33 $65.6 $18.17 $17.96 1,550 1,340 20 1,155 $27.5 973 16 $21.2 $26.0 $13.8 699 $11.6 $10.1 10 $3.2 8 6 ($5
Slide 25: Kensington
Kensington The Kensington mine is an underground gold operation located in southeast Alaska, consisting of the Kensington Main deposit, Raven deposit, Jualin deposit, as well as other nearby deposits and exploration targets Asset Overview Share of Companywide 2025E2 Production Ownership 100% Gold Em
Slide 26: Kensington (cont.)
Kensington (cont.) Production and Cost Performance Operating Cash Flow and Capital Expenditures ($M) Operating cash flow2 Capital expenditures $26.3 $1,840 $1,734 $21.5 $1,441 $1,539 $1,529 $20.0 $18.9 $16.5 $15.1 27 27 $13.3 23 24 21 $6.1 $4.6 $1.5 4Q 2023 1Q 2024 2Q 2024 3Q 2024 4Q 2024 4Q 2023 1Q
Slide 27: Wharf
Wharf The Wharf mine is an open pit, heap leach gold operation located in western South Dakota. The property consists of several areas of adjoining gold mineralization, which have been mined as a series of open pits Asset Overview Share of Companywide 2025E2 Production Ownership 100% Gold Silver 1%
Slide 28: Wharf (cont.)
Wharf (cont.) Production and Cost Performance Operating Cash Flow and Capital Expenditures ($M) Operating cash flow $51.6 Capital expenditures $1,165 $997 $885 $902 $822 34 $28.8 30 $22.1 22 22 20 $17.0 $11.1 $2.8 $2.9 $1.5 $0.3 $1.2 4Q 2023 1Q 2024 2Q 2024 3Q 2024 4Q 2024 4Q 2023 1Q 2024 2Q 2024 3Q
Slide 29: Silvertip
Silvertip The Silvertip critical minerals exploration project is one of the highest-grade polymetallic projects in the world. The site is located in northern British Columbia, Canada and sits within a highly prospective land package Asset Overview Ownership 100% Employees1 71 Claims 98,834 net acres
Slide 30: Non-GAAP Reconciliations
Non-GAAP Reconciliations NYSE: CDE 30 JC 2016
Slide 31: Non-GAAP to U.S. GAAP Reconciliation for Guidance
Non-GAAP to U.S. GAAP Reconciliation for Guidance Unaudited Costs Applicable to Sales Guidance for 2025 ($ thousands, except metal sales and per ounce amounts) Las Chispas Palmarejo Rochester Kensington Wharf Costs applicable to sales, including amortization (U.S. GAAP) $144,729 $245,767 $275,743 $2
Slide 32: Non-GAAP to U.S. GAAP Reconciliation for Guidance (cont.)
Non-GAAP to U.S. GAAP Reconciliation for Guidance (cont.) Unaudited Costs Applicable to Sales Guidance for 2024 ($ thousands, except metal sales and per ounce amounts) Palmarejo Rochester Kensington Wharf Costs applicable to sales, including amortization (U.S. GAAP) $261,913 $147,456 $195,337 $102,0
Slide 33: Non-GAAP to U.S. GAAP Reconciliation
Non-GAAP to U.S. GAAP Reconciliation Costs Applicable to Sales Unaudited 12 months ended December 31, 2024 ($ thousands, except metal sales and per ounce amounts) Palmarejo Rochester Kensington Wharf Silvertip Total Costs applicable to sales, including amortization (U.S. GAAP) $240,473 $195,904 $185
Slide 34: Non-GAAP to U.S. GAAP Reconciliation (cont.)
Non-GAAP to U.S. GAAP Reconciliation (cont.) Costs Applicable to Sales Unaudited 3 months ended December 31, 2024 ($ thousands, except metal sales and per ounce amounts) Palmarejo Rochester Kensington Wharf Silvertip Total Costs applicable to sales, including amortization (U.S. GAAP) $35,932 $35,690
Slide 35: Non-GAAP to U.S. GAAP Reconciliation (cont.)
Non-GAAP to U.S. GAAP Reconciliation (cont.) Costs Applicable to Sales Unaudited 3 months ended September 30, 2024 ($ thousands, except metal sales and per ounce amounts) Palmarejo Rochester Kensington Wharf Silvertip Total Costs applicable to sales, including amortization (U.S. GAAP) $59,439 $49,64
Slide 36: Non-GAAP to U.S. GAAP Reconciliation (cont.)
Non-GAAP to U.S. GAAP Reconciliation (cont.) Costs Applicable to Sales Unaudited 3 months ended June 30, 2024 ($ thousands, except metal sales and per ounce amounts) Palmarejo Rochester Kensington Wharf Silvertip Total Costs applicable to sales, including amortization (U.S. GAAP) $59,070 $45,225 $47
Slide 37: Non-GAAP to U.S. GAAP Reconciliation (cont.)
Non-GAAP to U.S. GAAP Reconciliation (cont.) Costs Applicable to Sales Unaudited 3 months ended March 31, 2024 ($ thousands, except metal sales and per ounce amounts) Palmarejo Rochester Kensington Wharf Silvertip Total Costs applicable to sales, including amortization (U.S. GAAP) $66,896 $33,632 $4
Slide 38: Non-GAAP to U.S. GAAP Reconciliation (cont.)
Non-GAAP to U.S. GAAP Reconciliation (cont.) Costs Applicable to Sales Unaudited 12 months ended December 31, 2023 ($ thousands, except metal sales and per ounce amounts) Palmarejo Rochester Kensington Wharf Silvertip Total Costs applicable to sales, including amortization (U.S. GAAP) $230,018 $197,
Slide 39: Non-GAAP to U.S. GAAP Reconciliation (cont.)
Non-GAAP to U.S. GAAP Reconciliation (cont.) Costs Applicable to Sales Unaudited 3 months ended December 31, 2023 ($ thousands, except metal sales and per ounce amounts) Palmarejo Rochester Kensington Wharf Silvertip Total Costs applicable to sales, including amortization (U.S. GAAP) $60,345 $85,155
Slide 40: Non-GAAP to U.S. GAAP Reconciliation (cont.)
Non-GAAP to U.S. GAAP Reconciliation (cont.) Unaudited Adjusted Net Income (Loss) ($ thousands) 2024 4Q 2024 3Q 2024 2Q 2024 1Q 2024 2023 4Q 2023 Net income (loss) $58,900 $37,853 $48,739 $1,426 ($29,117) ($103,612) ($25,505) Fair value adjustments, net - - - - - (3,384) 1,245 Foreign exchange (gain
Slide 41: Non-GAAP to U.S. GAAP Reconciliation (cont.)
Non-GAAP to U.S. GAAP Reconciliation (cont.) Unaudited Adjusted EBITDA ($ thousands) 2024 4Q 2024 3Q 2024 2Q 2024 1Q 2024 2023 4Q 2023 Net income (loss) $58,900 $37,853 $48,739 $1,426 ($29,117) ($103,612) ($25,505) Interest expense, net of capitalized interest 51,276 11,886 13,280 13,162 12,947 29,0
Slide 42: Non-GAAP to U.S. GAAP Reconciliation (cont.)
Non-GAAP to U.S. GAAP Reconciliation (cont.) Unaudited LTM Adjusted EBITDA ($ thousands) 4Q 2024 3Q 2024 2Q 2024 1Q 2024 4Q 2023 Net income (loss) $58,900 ($4,457) ($74,305) ($108,142) ($103,612) Interest expense, net of capitalized interest 51,276 46,785 40,907 34,656 29,099 Income tax provision (b
Slide 43: Non-GAAP to U.S. GAAP Reconciliation (cont.)
Non-GAAP to U.S. GAAP Reconciliation (cont.) Unaudited Free Cash Flow ($ thousands) 2024 4Q 2024 3Q 2024 2Q 2024 1Q 2024 2023 4Q 2023 Cash flow from operating activities $174,234 $63,793 $111,063 $15,249 ($15,871) $67,288 $65,277 Capital expenditures (183,188) (47,720) (41,980) (51,405) (42,083) (36
Slide 44: 2024 Proven and Probable Mineral Reserves
Reserves and Resources 2024 Proven and Probable Mineral Reserves Grade Contained Location Short tons Gold (oz/t) Silver (oz/t) Gold (oz) Silver (oz) PROVEN RESERVES Las Chispas Sonora, Mexico 787,000 0.150 15.99 118,000 12,586,000 Palmarejo Chihuahua, Mexico 3,473,000 0.059 3.94 205,000 13,667,000 R
Slide 45: 2024 Measured and Indicated Mineral Resources
Reserves and Resources (cont.) 2024 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) MEASURED RESOURCES Las Chispas Sonora, Mexico 116,000 0.302 31.23 35,000 3,623
Slide 46: 2024 Inferred Mineral Resources
Reserves and Resources (cont.) 2024 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 Las Chispas Sonora, Mexico 1,276,000 0.113 7.91 144,000 10,088,000 Palmarejo Chihuahua, Mexico
Slide 47: Notes to 2024 Mineral Reserves
Reserves and Resources (cont.) Notes to 2024 Mineral Reserves: (1) The Mineral Reserve estimates are current as of December 31, 2024 and are reported using the definitions in Item 1300 of Regulation S–K (17 CFR Part 229) (SK1300) and were prepared by the Company’s technical staff. (2) Assumed metal
Slide 48: Notes to 2024 Mineral Resources
Reserves and Resources (cont.) Notes to 2024 Mineral Resources: (1) Mineral Resource estimates are reported exclusive of Mineral Reserves, are current as of December 31, 2024, and are reported using definitions in SK1300 on a 100% ownership basis. Mineral Resource estimates were prepared by the Comp
Slide 49: Notes to 2024 Mineral Resources (cont.)
Reserves and Resources (cont.) Notes to 2024 Mineral Resources (cont.): (9) Las Chispas Mineral Resource estimates uses the following key input parameters: assumption of conventional underground mining; reported above a silver cut-off grade of 205 g / tonne silver equivalent and an incremental devel
Slide 50: 2023 Proven and Probable Mineral Reserves
Reserves and Resources (cont.) 2023 Proven and Probable Mineral Reserves Grade Contained Location Short tons Gold (oz/t) Silver (oz/t) Gold (oz) Silver (oz) PROVEN RESERVES Palmarejo Mexico 4,203,000 0.060 4.21 252,000 17,698,000 Rochester Nevada, USA 465,919,000 0.002 0.38 1,135,000 177,472,000 Ken
Slide 51: 2023 Measured and Indicated Mineral Resources
Reserves and Resources (cont.) 2023 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) MEASURED RESOURCES Palmarejo Mexico 5,674,000 0.070 4.56 396,000 25,875,000 Ro
Slide 52: 2023 Inferred Mineral Resources
Reserves and Resources (cont.) 2023 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 4,207,000 0.091 4.50 381,000 18,933,000 Rochester Nevada, USA 135,104,000 0.0
Slide 53: Notes to 2023 Mineral Reserves
Reserves and Resources (cont.) Notes to 2023 Mineral Reserves: (1) The Mineral Reserve estimates are current as of December 31, 2023 and are reported using the definitions in Item 1300 of Regulation S–K (17 CFR Part 229) (SK1300) and were prepared by the Company’s technical staff. (2) Assumed metal
Slide 54: Notes to 2023 Mineral Resources
Reserves and Resources (cont.) Notes to 2023 Mineral Resources: (1) Mineral Resource estimates are reported exclusive of Mineral Reserves, are current as of December 31, 2023, and are reported using definitions in SK1300 on a 100% ownership basis. Mineral Resource estimates were prepared by the Comp
Slide 55: Notes to 2023 Mineral Resources (cont.)
Reserves and Resources (cont.) Notes to 2023 Mineral Resources (cont.): (9) Wilco Open Pit Mineral Resource estimates are reported using an equivalent gold cutoff of 0.20 ounces per ton assuming a silver to gold ratio of 60:1. Resources are reported in-situ and contained within a conceptual measured
Slide 56: 2022 Proven and Probable Mineral Reserves
Reserves and Resources (cont.) 2022 Proven and Probable Mineral Reserves Grade Contained Location Short tons Gold (oz/t) Silver (oz/t) Gold (oz) Silver (oz) PROVEN RESERVES Palmarejo Mexico 4,081,000 0.059 4.21 241,000 17,172,000 Rochester Nevada, USA 425,748,000 0.003 0.39 1,079,000 166,172,000 Ken
Slide 57: 2022 Measured and Indicated Mineral Resources
Reserves and Resources (cont.) 2022 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) MEASURED RESOURCES Palmarejo Mexico 4,030,000 0.066 4.39 267,000 17,689,000 Ro
Slide 58: 2022 Inferred Mineral Resources
Reserves and Resources (cont.) 2022 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 5,633,000 0.067 3.19 380,000 17,948,000 Rochester Nevada, USA 77,001,000 0.00
Slide 59: Notes to 2022 Mineral Reserves
Reserves and Resources (cont.) Notes to 2022 Mineral Reserves: (1) The Mineral Reserve estimates are current as of December 31, 2022 and are reported using the definitions in Item 1300 of Regulation S–K (17 CFR Part 229) (SK1300) and were prepared by the company’s technical staff. (2) 3Assumed metal
Slide 60: Notes to 2022 Mineral Resources
Reserves and Resources (cont.) Notes to 2022 Mineral Resources: (1) Mineral Resource estimates are reported exclusive of Mineral Reserves, are current as of December 31, 2022, and are reported using definitions in SK1300 on a 100% ownership basis. Mineral Resource estimates were prepared by the Comp
Slide 61: Notes to 2022 Mineral Resources (cont.)
Reserves and Resources (cont.) Notes to 2022 Mineral Resources (cont.): (9) Open Pit Mineral Resource estimates are reported using an equivalent gold cutoff of 0.20 ounces per ton assuming a silver to gold ratio of 60:1. Resources are reported in-situ and contained withed a conceptual measured, indi
Slide 62: 2021 Proven and Probable Mineral Reserves
Reserves and Resources (cont.) 2021 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) PROVEN RESERVES Palmarejo Mexico 3,754,000 0.066 4.39 247,000 16,480,000 Rochester Nevada, USA 386,008,
Slide 63: 2021 Measured and Indicated Mineral Resources
Reserves and Resources (cont.) 2021 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) MEASURED RESOURCES Palmarejo Mexico 3,696,000 0.053 3.89 195,000 14,373,000 Ro
Slide 64: 2021 Inferred Mineral Resources
Reserves and Resources (cont.) 2021 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 4,713,000 0.052 3.70 246,000 17,453,000 Rochester Nevada, USA 128,410,000 0.0
Slide 65: Notes to 2021 Mineral Reserves
Reserves and Resources (cont.) Notes to 2021 Mineral Reserves: (1) The Mineral Reserve estimates are current as of December 31, 2021 and are reported using the definitions in Item 1300 of Regulation S–K (17 CFR Part 229) (SK1300) and were prepared by the company’s technical staff. (2) Assumed metal
Slide 66: Notes to 2021 Mineral Resources
Reserves and Resources (cont.) Notes to 2021 Mineral Resources: (1) Mineral Resource estimates are reported exclusive of Mineral Reserves, are current as of December 31, 2021, and are reported using definitions in SK1300 on a 100% ownership basis. Mineral Resource estimates were prepared by the Comp
Slide 67: Notes to 2021 Mineral Resources (cont.)
Reserves and Resources (cont.) Notes to 2021 Mineral Resources (cont.): (9) Wilco Open Pit Mineral Resource estimates are reported using an equivalent gold cutoff of 0.20 ounces per ton assuming a silver to gold ratio of 60:1. Resources are reported in-situ and contained withed a conceptual measured
Slide 68: 2019 Proven and Probable Mineral Reserves
Reserves and Resources (cont.) 2019 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) PROVEN RESERVES Palmarejo Mexico 1,093,000 0.093 5.17 102,000 5,649,000 Rochester Nevada, USA 249,815,0
Slide 69: 2019 Measured and Indicated Mineral Resources
Reserves and Resources (cont.) 2019 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) MEASURED RESOURCES Palmarejo Mexico 870,000 0.055 3.69 48,000 3,210,000 Roches
Slide 70: 2019 Inferred Mineral Resources
Reserves and Resources (cont.) 2019 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 6,469,000 0.057 4.07 367,000 26,341,000 Rochester Nevada, USA 171,042,000 0.0
Slide 71: Executive Leadership
Executive Leadership Mitchell J. Krebs – Chairman, 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 $4 billion of acquisitions and divestitures. Mr. Krebs
Slide 72: Board of Directors
Board of Directors Mitchell J. Krebs – Chairman, President and Chief Executive Officer. See prior slide. J. Kenneth Thompson – Independent Lead Director. Member of the board of directors of Alaska Air Group, Inc. (parent company of Alaska Airlines, Hawaiian Airlines and Horizon Air). Former Chairman
Slide 73: Board of Directors (cont.)
Board of Directors (cont.) Randolph E. Gress – Retired Chairman (November 2006 until January 2016 and director from August 2004 until January 2016) and Chief Executive Officer (from 2004 until December 2015) of Innophos Holdings, Inc., a leading international producer of performance-critical and nut
Slide 74: Contact Information
Contact Information Corporate Office Coeur Mining, Inc. 200 S. Wacker Dr., Suite 2100 Chicago, IL 60606 Main Telephone +1 (312) 489-5800 Stock Ticker NYSE: CDE Website www.coeur.com Contact Jeff Wilhoit Senior Director, Investor Relations investors@coeur.com NYSE: CDE 74 JC 2016