Coeur Mining, Inc. · NYSE:CDE
Coeur Mining — Investor Presentation (October 2021)
90 slides from Coeur Mining's investor presentation, October 2021
Slide 1: Corporate Presentation
Corporate Presentation October 2021 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, expectations regarding environmental, social and governance (“ESG”) in
Slide 3: Company Overview
Company Overview Headquartered in Chicago, IL, Coeur Mining (NYSE: CDE) is a well-diversified, growing precious metals producer with a focus on generating sustainable, high-quality cash flow from its North American asset base Five Three Cash Flow & Returns Committed Best-in-class quality operations
Slide 4: Key Messages
Key Messages Coeur has established a healthy culture, developed a solid strategy, and Rebuilt assembled a strong, aligned team to execute the strategy and deliver Foundation consistent results Industr y The Company is an industry leader in environmental, social and Leader in ESG governance practices
Slide 5: Compelling Strategy Aligned with Stockholder Priorities
Compelling Strategy Aligned with Stockholder Priorities Coeur’s strategy is to safely and responsibly discover, develop and operate a balanced portfolio of quality precious metals assets in low-risk jurisdictions to maximize cash flow, returns and net asset value Priorities • U.S.-based and NYSE-l
Slide 6: Balanced, Low-Risk Portfolio of Precious Metals Assets
Balanced, Low-Risk Portfolio of Precious Metals Assets Metal Sales 2010 2020 12% Palmarejo 22% Rochester 36% Kensington Asset $516M 45% $785M Wharf 28% San Bartolomé 28% Other1 5% 14% 10% 15% U.S. Mexico 45% Bolivia Geography Australia 28% 63% Argentina 2% 36% 10% Ov er $430 m i llion o f U . S. N e
Slide 7: Recent ESG Accomplishments
Recent ESG Accomplishments Coeur is committed to being an industry leader in its ESG practices, exemplified by the Company’s recent accomplishments Published GHG emission Mitch Krebs, President & Developed TCFD Winner of cfi.co, Best Crain’s Chicago target of 25% reduction CEO, named Vice Chair of R
Slide 8: 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 Illustrative Return Key Benefits Key Considerations Safety/ Reflects the Company’s values Environment/ − Mitigate
Slide 9: Multiple High-Impact Organic Growth Opportunities
Multiple High-Impact Organic Growth Opportunities Coeur has multiple high-impact expansion, exploration and optimization opportunities embedded in its portfolio, which it is prioritizing and pursuing based on the Company’s capital allocation framework Expansion Exploration Optimization Rochester Nea
Slide 10: Rochester: Expansion Expected to Unlock Significant Value
Rochester: Expansion Expected to Unlock Significant Value1 The expansion of Rochester is expected to drive an anticipated step change in Coeur’s production and cash flow, helping to fundamentally reposition the Company and unlock meaningful long-term value for our stockholders Project Hallmarks Fund
Slide 11: Rochester: Expansion Construction Update
Rochester: Expansion Construction Update Coeur continues advancing construction on the Rochester expansion with solid ongoing environmental and safety performance. Overall project progress was approximately 31% complete at the end of 2Q 2021, substantially on schedule I I II Crushing circuit, includ
Slide 12: Sustaining a Higher Level of Exploration Investment
Sustaining a Higher Level of Exploration Investment While executing the largest exploration campaign in its history, Coeur achieved a new quarterly record by drilling roughly 320,400 feet (97,675 meters) during 2Q 2021. Building on this success, the Company increased its full-year 2021 exploration g
Slide 13: Expanded Reserve and Resource Base
Expanded Reserve and Resource Base Coeur has been successfully replacing production and adding a significant amount of reserves and resources, demonstrating the potential for further mine life extensions and organic growth opportunities with continued drilling Gold Reserves & Resources Silver Reserv
Slide 14: Nevada-Based Exploration Investment Opportunities
Nevada-Based Exploration Investment Opportunities Coeur is uniquely positioned to build out its organic growth portfolio in the U.S., specifically in Nevada – the world’s top mining jurisdiction1. The Company believes investing in these opportunities will drive long-term value for stockholders North
Slide 15: 2021 Investment in Victoria Gold
2021 Investment in Victoria Gold • Acquired an 18% interest in Victoria Gold Corp. from Orion Mine Finance on May 10, 2021 for US$117 million (C$13.20/share) • Orion received shares of Coeur common stock equal to 4.9% ownership • Entered into support agreement with Orion, which expires on October
Slide 16: Improvement in Year-Over-Year Financial Results
Improvement in Year-Over-Year Financial Results LTM Adjusted EBITDA1/Margin1 LTM Free Cash Flow1,2 ($M) ($M) +41% $293 + $ 1 0M $283 $49 $263 $38 $239 34% 35% 34% Increased Production $209 29% 32% $16 + $2 Lower Costs ($7) + 2Q 2020 3Q 2020 4Q 2020 1Q 2021 2Q 2021 2Q 2020 3Q 2020 4Q 2020 1Q 2021 2Q
Slide 17: Balance Sheet and Hedging Summary
Balance Sheet and Hedging Summary Liquidity Profile Debt and Leverage Summary1,2 ($M) ($M) $100 $764 Jun. 30, Mar. 31, Jun. 30 $174 2020 2021 2021 5.875% senior notes due 2024 $227.2 - - $100 $124 $389 5.125% senior notes due 2029 - $367.6 $367.8 $300 Revolving credit facility 60.0 - - $265 ($35) Ca
Slide 18: Looking Ahead: Key Priorities for 2H 2021
Looking Ahead: Key Priorities for 2H 2021 • Maintain focus on rigorous health and safety protocols • Continue increasing production and executing major construction on POA 11 expansion at Rochester • Complete record exploration campaign to continue driving reserve and resource growth • Advance p
Slide 19: 2021 Guidance
2021 Guidance1 Production Outlook Gold (oz) Silver (K oz) Palmarejo 100,000 – 110,000 6,500 – 7,750 Rochester 22,500 – 32,500 3,200 – 4,400 Kensington 115,000 – 130,000 - Wharf 85,000 – 95,000 - Consolidated 322,500 – 367,500 9,700 – 12,150 CAS Outlook2 Gold ($/oz) Silver ($/oz) Palmarejo (co-produc
Slide 20: ESG Highlights
ESG Highlights NYSE: CDE 20 JC 2016
Slide 21: Precious Metals Are Coeur to Everyday Life
Precious Metals Are Coeur to Everyday Life Coeur is an important part of the supply chains for gold and silver. Due to their unique properties, gold and silver have countless innovative uses that shape the way we live today and enable a more sustainable, healthier tomorrow Au Coeur’s Palmarejo, Roch
Slide 22: Reporting Frameworks That Align with Our Strategy
Reporting Frameworks That Align with Our Strategy In 2021 we enhanced our ESG reporting by adding disclosures that align with the recommendations of the Task Force on Climate-related Financial Disclosure (TCFD). We continue incorporating elements of the Sustainability Accounting Standards Board (SAS
Slide 23: What Matters to Coeur
What Matters to Coeur Environmental • Training and Development • Climate Change • Health, Safety & Security • Greenhouse Gas Emissions Society • Water Stewardship • Investment in Local Communities • Waste Minimization • Indigenous Rights • Biodiversity • Human Rights • Tailings Management Governance
Slide 24: 2021 Goal and Targets: Our People
2021 Goal and Targets Our People Goal: Maintain Coeur as an employer of choice • Safety: Zero harm – 7.5% reduction in three-year trailing average total reportable injury frequency rate • Culture: Strengthen culture, employee engagement and retention – ~30% increase in employee culture survey part
Slide 25: Safety Highlights
Safety Highlights NYSE: CDE 25 JC 2016
Slide 26: Safety is a Foundational Element of Coeur's Culture
Safety is a Foundational Element of Coeur’s Culture Coeur’s vision for safety is to continuously enhance its culture by working free of any uncontrolled exposures. The Company believes that safety does not truly improve unless exposure is controlled, reduced or eliminated • Received certification i
Slide 27: 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 Lost-Time Injury Frequency Rate Total Reportable
Slide 28: Key Components of Coeur's Health and Safety Program
Key Components of Coeur’s Health and Safety Program Management of Change Information Management Training Investigation & Controls Management of Change Ensures proper usage and Apply learning techniques, Establish a comprehensive process is utilized to prevent future expansion of current knowledge an
Slide 29: COVID-19 Response and Decision-Making Approach
COVID-19 Response and Decision-Making Approach Coeur’s principal objective to help combat COVID-19 is to safeguard the health, safety and well-being of its workforce, their families and the communities where the Company operates Guidance from k ey agencies U.S. Centers Mexican and Federal, for Disea
Slide 30: 2021 NIOSH Mine Safety and Health Award Winner
2021 NIOSH Mine Safety and Health Award Winner Coeur is honored to be recognized by The National Institute for Occupational Safety and Health (“NIOSH”) as the recipient of the NIOSH Mine Safety and Health Technology Innovations Award for 2021 • Prestigious award given for Coeur’s cross- functional
Slide 31: Environmental Highlights
Environmental Highlights NYSE: CDE 31 JC 2016
Slide 32: Recent Environmental Achievements
Recent Environmental Achievements Set organization-wide GHG Established Climate Became a TCFD supporter emissions reduction target Working Group Wharf acquires 40+% of its 52% reduction in permit Included initial mapping to electricity from wind power discharge exceedances TCFD in 2020 Responsibilit
Slide 33: 2021 Goal and Targets: Environment
2021 Goal and Targets Environment Goal: Improve the overall impact that Coeur has on the environment and reduce costs over time • GHG Emissions: 25% reduction in net intensity1 by end of 2025 compared to base-year2 • Climate Change: Conduct a climate scenario analysis considering a 1.5-degree scen
Slide 34: Demonstrating Our Commitment
Demonstrating Our Commitment Biodiversity & Investment in Local Communities Palmarejo operates three large greenhouses, growing local plants. Some can be used for reforestation and others provide produce that the community members can then harvest and sell. Water Biodiversity & Stewardship Closure P
Slide 35: Demonstrating Our Commitment (cont.)
Demonstrating Our Commitment (cont.) Health, Safety & Security & Biodiversity Since being purchased by Coeur, Silvertip has improved their environmental efforts by initiating reclamation efforts to mitigate soil erosion and habitat disruption along the public access road. These efforts lead to a saf
Slide 36: Demonstrating Our Commitment (Biodiversity)
Demonstrating Our Commitment (Biodiversity) • Coeur Mining seeks to understand, measure, protect and enhance biodiversity in the areas where we operate • We conduct biodiversity impact assessments for each operation prior to any development • One example of a first-of-its kind agreement between a
Slide 37: Proactive Approach to Tailings Dam Management
Proactive Approach to Tailings Dam Management Highlighted below are the proactive elements of Coeur’s tailings dam facilities that set the Company’s leading environment, health and safety standards apart from other industry participants The most stable construction methods Downstream construction in
Slide 38: Overview of Coeur's Tailings Dam Facilities
Overview of Coeur’s Tailings Dam Facilities Palmarejo Kensington Year Constructed 2010 2010 Status Operational Operational Downstream zoned rockfill dam, Downstream constructed Geosynthetic-Faced Construction Type/Design upstream face lined with HDPE1, Rockfill Dam, constructed into bedrock construc
Slide 39: Operational Risk Reduction of Coeur's Tailings Dams
Operational Risk Reduction of Coeur’s Tailings Dams Coeur’s health and safety practices are focused on maintaining low risk tailings dam facilities across its operations • Downstream construction method – most stable and progressively builds away from tailings, towards downstream Construction • Kens
Slide 40: Kensington: Tailings Dam Management
Kensington: Tailings Dam Management • Kensington Mine Lower Slate Lake Tailings Dam (AK00308) is a downstream constructed Geosynthetic-Faced Rockfill Dam, constructed into bedrock • The processed mine ore and tailings solids are benign and do not produce acid rock drainage conditions, requiring no d
Slide 41: Palmarejo: Tailings Dam Management
Palmarejo: Tailings Dam Management • Palmarejo’s tailings dam is a downstream rockfill with the upstream face lined with HDPE1, and it is constructed into bedrock • Palmarejo tailings are classified as non-potentially acid generating and non-metal leaching • Prior to placement in the dam, the tailin
Slide 42: Community & Culture Highlights
Community & Culture Highlights NYSE: CDE 42 JC 2016
Slide 43: Culture at Coeur
Culture at Coeur 2021 Coeur Culture Survey with 93% participation says we are… • SAFE • ETHICAL • ENGAGED • PROUD 92% 91% 87% I feel safe performing my job I feel effectively trained Coeur is committed to minimizing to be safe at work its impact on the environment 87% 86% I am proud to work If I
Slide 44: 2021 People Goal and Targets
2021 People Goal and Targets Our People Goal: Maintain Coeur as an employer of choice • Safety: Zero harm – 7.5% reduction in three-year trailing average total reportable injury frequency rate • Culture: Strengthen culture, employee engagement and retention – ~30% increase in employee culture surv
Slide 45: Commitment to Diversity, Equity and Inclusion
Commitment to Diversity, Equity and Inclusion “During 2020, the murder of George Floyd and other tragic events were harsh reminders that much work needs to be done to address racism and injustice in our society… Throughout the year, we examined and expanded our existing diversity and inclusion initi
Slide 46: Community Relations YTD 2021 Highlights
Community Relations YTD 2021 Highlights After completing a community relations assessment and strategic planning effort in 2020 that resulted in a community relations vision, strategic plan and guidance to sites: New Community Relations managers have led to strong leads and better resourced teams Gr
Slide 47: Benefits of Community Agreements
Benefits of Community Agreements Coeur’s community agreements lay the foundation for strong partnerships and shared benefits between the Company and its community partners Selected Examples of Key Benefits Preferential Right to Bid Scholarships Hiring for Contracts Business Direct Training Internshi
Slide 48: Governance Highlights
Governance Highlights NYSE: CDE 48 JC 2016
Slide 49: Significantly Improved Corporate Governance Profile
Significantly Improved Corporate Governance Profile Corporate Governance Enhancements Since 2010 2010 2021 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
Slide 50: Demonstrating Our Commitment
Demonstrating Our Commitment Governance Practices Board Refreshment and Succession Planning − Two new independent directors added to the Board in February 2018 and four directors – 50% of independent directors – added in last eight years • Also added a new independent director in early 2019, who r
Slide 51: Diverse Board Led by Independent Chair
Diverse Board Led by Independent Chair • Eight out of nine Directors Skill are independent (all except CEO); all four main Current and Former Chief Executive 89% committees comprised of Project Development/Management 78% independent directors only Environmental, Social and Governance / 100% Health
Slide 52: Continued Strong Stockholder Engagement
Continued Strong Stockholder Engagement Key 2020 Statistics NYSE: CDE 52 JC 2016
Slide 53: Select Compensation Program Changes in 2020 and 2021
Select Compensation Program Changes in 2020 and 2021 Two new performance share metrics were introduced for the 2020 LTIP award: three-year ROIC and achievement of milestones related to the Rochester and Silvertip expansion projects, which are both strategically critical long-term projects. The 2020
Slide 54: Risk Oversight
Risk Oversight The Board is responsible for overseeing management’s mitigation of major risks facing Coeur, including, but not limited to: • Management succession planning • Strategic asset portfolio optimization • Major project execution • Health, safety, environmental and social responsibility ris
Slide 55: Overview of Operations
Overview of Operations NYSE: CDE 55 JC 2016
Slide 56: Palmarejo
Palmarejo The Palmarejo gold-silver complex is located in the state of Chihuahua, Mexico, consisting of a legacy open pit mine, current underground mining and processing operations as well as several other deposits and exploration targets Asset Overview Share of Companywide 2021E2 Production Ownersh
Slide 57: Palmarejo (cont.)
Palmarejo (cont.) Production and Cost Performance Operating Cash Flow and Capital Expenditures ($M) Operating cash flow $13.34 Capital expenditures $686 $10.98 $49.7 $10.06 $9.61 $43.2 $662 $602 $621 $542 $33.4 $8.13 35 29 1,784 1,783 29 1,603 28 1,667 $13.2 $8.9 $10.0 $9.8 15 867 $4.5 $5.0 ($3.5) 2
Slide 58: Rochester
Rochester The Rochester mine is an open pit, heap leach silver-gold operation, located in northern Nevada, which is currently undergoing a significant expansion that is expected to be largely completed by late 2022 Asset Overview Share of Companywide 2021E2 Production Ownership 100% Gold Silver Empl
Slide 59: Rochester (cont.)
Rochester (cont.) Production and Cost Performance Operating Cash Flow and Capital Expenditures ($M) $1,787 Operating cash flow $42.3 $1,537 Capital expenditures $1,481 $26.09 $1,300 $30.2 $1,148 $20.18 $19.07 $13.75 $16.8 $14.98 $9.8 1,020 $5.8 888 $4.7 $4.0 728 740 774 $2.1 10 6 7 7 5 ($5.6) ($8.7)
Slide 60: Kensington
Kensington The Kensington mine is an underground gold operation located in southeast Alaska, consisting of the Kensington Main deposit, Raven deposit, Jualin deposit, as well as other nearby deposits and exploration targets Asset Overview Share of Companywide 2021E2 Production Ownership 100% Gold Em
Slide 61: Kensington (cont.)
Kensington (cont.) Production and Cost Performance Operating Cash Flow and Capital Expenditures ($M) Operating cash flow2 $1,128 $25.9 $1,088 Capital expenditures $989 $934 $919 $20.8 $18.9 33 33 31 $14.2 28 27 $11.5 $7.2 $5.8 $6.0 $5.3 $3.9 2Q 2020 3Q 2020 4Q 2020 1Q 2021 2Q 2021 2Q 2020 3Q 2020 4Q
Slide 62: Wharf
Wharf The Wharf mine is an open pit, heap leach gold operation located in western South Dakota. The property consists of several areas of adjoining gold mineralization, which have been mined as a series of open pits Asset Overview Share of Companywide 2021E2 Production Ownership 100% Gold Employees1
Slide 63: Wharf (cont.)
Wharf (cont.) Production and Cost Performance Operating Cash Flow and Capital Expenditures ($M) Operating cash flow Capital expenditures $954 $952 $963 $39.1 $804 $804 33 25 24 $19.1 19 19 $17.3 $14.1 $7.8 $0.5 $1.2 $1.5 $1.4 $0.3 2Q 2020 3Q 2020 4Q 2020 1Q 2021 2Q 2021 2Q 2020 3Q 2020 4Q 2020 1Q 20
Slide 64: Silvertip
Silvertip The Silvertip underground mine is one of the highest-grade silver-zinc-lead operations 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 93 Claims 98,834 net acres Type Undergrou
Slide 65: Reserves & Resources
Reserves & Resources NYSE: CDE 65 JC 2016
Slide 66: Reserves and Resources
Reserves and Resources 2020 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 4,040,000 0.067 4.29 270,000 17,344,000 Rochester Nevada, USA 396,867,000 0.00
Slide 67: Reserves and Resources (cont.)
Reserves and Resources (cont.) 2020 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 1,840,000 0.052 3.67 95,000 6,746,000 Roch
Slide 68: Reserves and Resources (cont.)
Reserves and Resources (cont.) 2020 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 4,345,000 0.064 3.34 280,000 14,525,000 Rochester Nevada, USA 226,049,000 0.0
Slide 69: Reserves and Resources (cont.)
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 70: Reserves and Resources (cont.)
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 71: Reserves and Resources (cont.)
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 72: Reserves and Resources (cont.)
Reserves and Resources (cont.) 2016 Proven and Probable Mineral Reserves Grade Contained Location Short tons Gold (oz/t) Silver (oz/t) Gold (oz) Silver (oz) PROVEN RESERVES Palmarejo Mexico 1,569,000 0.080 4.44 126,000 6,971,000 Rochester Nevada, USA 143,686,000 0.004 0.48 503,000 68,369,000 Kensing
Slide 73: Reserves and Resources (cont.)
Reserves and Resources (cont.) 2016 Measured and Indicated Mineral Resources (excluding Reserves) Grade Contained Location Short tons Gold (oz/t) Silver (oz/t) Gold (oz) Silver (oz) MEASURED RESOURCES Palmarejo Mexico 818,000 0.061 3.20 50,000 2,618,000 Rochester Nevada, USA 39,732,000 0.003 0.59 13
Slide 74: Reserves and Resources (cont.)
Reserves and Resources (cont.) 2016 Inferred Mineral Resources Grade Contained Location Short tons Gold (oz/t) Silver (oz/t) Gold (oz) Silver (oz) INFERRED RESOURCES Palmarejo Mexico 4,726,000 0.055 4.35 258,000 20,540,000 Rochester Nevada, USA 67,778,000 0.003 0.52 178,000 35,554,000 Kensington Ala
Slide 75: Biographies
Biographies NYSE: CDE 75 JC 2016
Slide 76: Well-Established Leadership Team
Well-Established Leadership Team Executive Team Board of Directors Mitchell J. Krebs Thomas S. Whelan Robert E. Mellor Linda L. Adamany President and Senior Vice President and Independent Chairman Independent Director Chief Executive Officer1 Chief Financial Officer Michael “Mick” Routledge Casey M.
Slide 77: 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 $2 billion of acquisitions and divestitures. Mr. Krebs was previ
Slide 78: Board of Directors
Board of Directors Robert E. Mellor – Independent Chairman of the board of Monro, Inc. (auto service provider) since June 2017, and appointed Interim Chief Executive Officer from August 2020 to April 2021. Previously Mr. Mellor was lead independent director from April 2011 to June 2017 and a member
Slide 79: Board of Directors (cont.)
Board of Directors (cont.) Jessica L. McDonald – Ms. McDonald has extensive leadership experience in both the public and private sectors and currently serves as a member of the Board of Directors of Hydro One Limited. She served as the President and Chief Executive Officer of BC Hydro and Power Auth
Slide 80: Non-GAAP Reconciliations
Non-GAAP Reconciliations NYSE: CDE 80 JC 2016
Slide 81: Non-GAAP to U.S. GAAP Reconciliation for Guidance
Non-GAAP to U.S. GAAP Reconciliation for Guidance Unaudited Costs Applicable to Sales Guidance for 2021 ($ thousands, except metal sales and per ounce amounts) Palmarejo Rochester Kensington Wharf Costs applicable to sales, including amortization (U.S. GAAP) $200,530 $122,480 $190,150 $102,610 Amort
Slide 82: Non-GAAP to U.S. GAAP Reconciliation
Non-GAAP to U.S. GAAP Reconciliation Costs Applicable to Sales Unaudited 3 months ended June 30, 2021 ($ thousands, except metal sales and per ounce amounts) Palmarejo Rochester Kensington Wharf Silvertip Total Costs applicable to sales, including amortization (U.S. GAAP) $50,189 $44,537 $41,913 $26
Slide 83: Non-GAAP to U.S. GAAP Reconciliation (cont.)
Non-GAAP to U.S. GAAP Reconciliation (cont.) Costs Applicable to Sales Unaudited 3 months ended March 31, 2021 ($ thousands, except metal sales and per ounce amounts) Palmarejo Rochester Kensington Wharf Silvertip Total Costs applicable to sales, including amortization (U.S. GAAP) $43,047 $27,610 $4
Slide 84: Non-GAAP to U.S. GAAP Reconciliation (cont.)
Non-GAAP to U.S. GAAP Reconciliation (cont.) Costs Applicable to Sales Unaudited 12 months ended December 31, 2020 ($ thousands, except metal sales, per ounce or per pound amounts) Palmarejo Rochester Kensington Wharf Silvertip Total Costs applicable to sales, including amortization (U.S. GAAP) $170
Slide 85: Non-GAAP to U.S. GAAP Reconciliation (cont.)
Non-GAAP to U.S. GAAP Reconciliation (cont.) Costs Applicable to Sales Unaudited 3 months ended December 31, 2020 ($ thousands, except metal sales and per ounce amounts) Palmarejo Rochester Kensington Wharf Silvertip Total Costs applicable to sales, including amortization (U.S. GAAP) $48,672 $36,828
Slide 86: Non-GAAP to U.S. GAAP Reconciliation (cont.)
Non-GAAP to U.S. GAAP Reconciliation (cont.) Costs Applicable to Sales Unaudited 3 months ended September 30, 2020 ($ thousands, except metal sales and per ounce amounts) Palmarejo Rochester Kensington Wharf Silvertip Total Costs applicable to sales, including amortization (U.S. GAAP) $46,163 $22,38
Slide 87: Non-GAAP to U.S. GAAP Reconciliation (cont.)
Non-GAAP to U.S. GAAP Reconciliation (cont.) Costs Applicable to Sales Unaudited 3 months ended June 30, 2020 ($ thousands, except metal sales and per ounce amounts) Palmarejo Rochester Kensington Wharf Silvertip Total Costs applicable to sales, including amortization (U.S. GAAP) $26,095 $21,348 $43
Slide 88: Non-GAAP to U.S. GAAP Reconciliation (cont.)
Non-GAAP to U.S. GAAP Reconciliation (cont.) Unaudited LTM Adjusted EBITDA ($ thousands) 2Q 2021 1Q 2021 4Q 2020 3Q 2020 2Q 2020 Net income (loss) $72,942 $39,587 $25,627 ($257,214) ($298,347) (Income) loss from discont. ops., net tax - - - - - Interest expense, net of capitalized interest 19,818 20
Slide 89: Non-GAAP to U.S. GAAP Reconciliation (cont.)
Non-GAAP to U.S. GAAP Reconciliation (cont.) Unaudited Leverage Ratios ($ thousands) 2Q 2021 1Q 2021 4Q 2020 3Q 2020 2Q 2020 Cash and cash equivalents $124,075 $154,066 $92,794 $77,148 $70,924 Total debt 414,246 412,125 275,501 301,138 348,619 Net debt 290,171 258,059 182,707 223,990 277,695 LTM adj
Slide 90: 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 Paul DePartout Director, Investor Relations investors@coeur.com NYSE: CDE 90 JC 2016