Coeur Mining, Inc. · NYSE:CDE
Coeur Mining — Investor Presentation (May 2019)
81 slides from Coeur Mining's investor presentation, May 2019
Slide 1: Corporate Presentation
Corporate Presentation May 2019 NYSE: CDE NYSE: C DE 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: Who We Are
Who We Are Based in the U.S., Coeur Mining (NYSE: CDE) is a significant producer of gold and silver, and has repositioned its portfolio with a focus on sustainable, high- quality growth and cash flow from a North American asset base Key Highlights 5 operating mines 3 top jurisdictions K ENSINGTON S
Slide 4: Why Invest in Coeur?
Why Invest in Coeur? 90 year-old, U.S.-based, NYSE-listed precious metals company seeking to differentiate itself though a unique mix of size, growth and quality By Asset Balanced, Safe and Unique By Jurisdiction Asset Base By Metal Asset Optimizations Repositioned Portfolio Opportunistic M&A & Dive
Slide 5: Balanced, Safe & Unique Portfolio of Precious Metals Assets
Balanced, Safe & Unique Portfolio of Precious Metals Assets 2010 2018 2% 12% 15% Palmarejo Rochester 39% Kensington 45% Metal Sales by Asset 28% $516M 21% $626M Wharf (% of revenue) Silvertip San Bartolomé 5% Other1 10% 23% 15% U.S. Mexico 45% 2% Canada … by Geography Bolivia (% of revenue) 28% 59%
Slide 6: Track Record of Asset Optimization
Track Record of Asset Optimization • Acquisition of Paramount in 2015 and renegotiation of FNV stream in 2014, which took effect in 2016 • Transition to 100% underground mining in 2016 Palmarejo • 100% and 63% increases in gold and silver grades since 20141 • 37% and 43% lower adj. CAS per AuOz and
Slide 7: Palmarejo: Long-Term Value Through High-Return Investment
Palmarejo: Long–Term Value Through High-Return Investment Coeur has made numerous strategic investments to reposition Palmarejo as a sustainable, higher-margin, longer-life operation Strategic Investments / Improvements Free Cash Flow1 ($M) $110.0 2015 Acquired adjacent, royalty-free land package In
Slide 8: Rochester: HPGR Installation Update
Rochester: HPGR Installation Update After successfully decommissioning the 15,000 tpd N-Pit crushing facility in late-2018, Coeur has advanced construction on the HPGR unit and secondary crusher with commissioning activities scheduled during May 2019 Project Timeline 2019 2020 2021 2018 Commission X
Slide 9: Wharf: A Case Study for Successful M&A
Wharf: A Case Study for Successful M&A Acquired in early 2015, Wharf has already generated a return on investment of approximately 22%1, driven by operational improvements, targeted investments in exploration, and several technical and modeling enhancements Free Cash Flow2 ($M) $2.5 $3.8 $10.3 ($2.6
Slide 10: Kensington: High-Grade Transformation Underway
Kensington: High-Grade Transformation Underway Kensington’s technical report demonstrates the strong potential impact of a relatively small amount of high-grade mill feed on overall mine economics Highlights of Kensington Technical Report Continued Exploration Potential • 13% increase in expected av
Slide 11: Track Record of Opportunistic M&A and Divestitures
Track Record of Opportunistic M&A and Divestitures Company / Asset Type Rationale • Synergistic bolt-on of royalty-free land package adjacent to the Paramount Company’s Palmarejo mine 2015 Acquisition • Primarily stock deal timed to leverage historically-low market Silver & Gold value of target and
Slide 12: Silvertip: Summary Progress Update
Silvertip: Summary Progress Update Operational and financial performance at Silvertip improved in 1Q 2019, with March 2019 representing the strongest month of operational performance since the acquisition Summary Update • Improved mill availability and throughput rates continue to drive increased pr
Slide 13: Northern Empire & Lincoln Hill: Expanding in Nevada
Northern Empire & Lincoln Hill: Expanding in Nevada In late 2018, Coeur completed two strategic acquisitions of Nevada-based gold and silver assets, further expanding its footprint in one of the world’s top mining jurisdictions Northern Empire Lincoln Hill & Other Acquired October 2018 November 2018
Slide 14: 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
Slide 15: Success-Based Exploration Program
Success-Based Exploration Program Coeur’s 2018 exploration program was its most aggressive since 2012, with over 690,000 feet (210,300 meters) drilled. In 2019, the Company anticipates investing sufficient capital to replace production and further grow resources Total Exploration Investment 2019E1 E
Slide 16: Palmarejo: Validates Near-Mine Exploration Philosophy
Palmarejo: Validates Near-Mine Exploration Philosophy Exploration at Palmarejo continues to drill new, high-grade discoveries near existing infrastructure with encouraging results • Resource conversion and expansion at Guadalupe and Independencia Mines; up to four drill rigs were active during 2018
Slide 17: Continued Expansion of Reserve and Resource Base
Continued Expansion of Reserve and Resource Base Reserve additions largely replaced companywide 2018 production of gold and silver, and significant resource additions demonstrate potential for further mine life extensions and organic growth Proven & Probable Reserves Measured & Indicated Resources I
Slide 18: Expanding Pipeline of Potential High-Return Organic Growth
Expanding Pipeline of Potential High-Return Organic Growth With the strategic acquisition of additional Nevada-based gold and silver assets, the Company has further bolstered its pipeline of high-return growth opportunities in attractive jurisdictions Near-term focus on stabilizing & optimizing Silv
Slide 19: Enhanced Balance Sheet
Enhanced Balance Sheet Liquidity Profile $M March 31, 2019 ($M) 5.875% senior notes due 2024 246.0 $184.0 Revolving credit facility 135.0 Capital lease obligations 75.7 $115.0 TOTAL DEBT $456.8 Cash and cash equivalents $69.0 Available revolver balance 115.0 TOTAL LIQUIDITY $184.0 $69.0 LEVERAGE RAT
Slide 20: Looking Ahead
Looking Ahead • Palmarejo expecting moderately lower silver production while gold production anticipated to decline due to lower grades • Rochester expected to begin delivering positive results from HPGR unit in 2H 2019 • Wharf anticipating return to historical production and cash flow levels • Kens
Slide 21: 2019 CapEx Outlook
2019 CapEx Outlook 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 Sust
Slide 22: 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
Slide 23: ESG Highlights
ESG Highlights NYSE: C DE 23 JC 2016
Slide 24: What Matters to Coeur
What Matters to Coeur Environmental • Training and Development • Green House Gas Emissions • Health, Safety & Security • Water Stewardship Society • Air Quality • Investment in Local Communities • Waste Minimization • Indigenous Rights • Biodiversity • Human Rights • Tailings Management Governance •
Slide 25: Our People
Our People We proactively develop our people to create a robust pipeline of future leaders 62 ~2,200 40% Veterans identified as Global employees Of our workforce has employees through the received career Coeur Heroes Program development training 97% $25K 70% Of our fulltime workforce Average in tuit
Slide 26: CEO ACT!ON For Diversity & Inclusion
CEO ACT!ON For Diversity & Inclusion • CEO ACT!ON is the largest CEO-driven business commitment to advance diversity and inclusion in the workplace • Mitch Krebs is the 1 st CEO to commit from a precious metals company and the 2 nd in the Mining and Materials industry PLEDGE 1. We will continue to m
Slide 27: Development of Our Team
Development of Our Team Women in the 20% 19% 62% Workforce Female members Female members Female employees Coeur celebrates gender diversity of the Board of of corporate in operational / at all levels of the organization Directors management team technical roles 62 10 3 Self-identified Veterans hired
Slide 28: Amy Gilpin, IMPACT Graduate, Coeur Wharf
Amy Gilpin, IMPACT Graduate, Coeur Wharf Key Takeaway: The program forced me (in a good way!) to think about strengthening my leadership qualities on a weekly, even daily basis… It is nice to know that the company recognizes all of the individuals in our cohort as important to the company and that t
Slide 29: UN Sustainable Development Goals ("SDGs")
UN Sustainable Development Goals (“SDGs”) “The blueprint to achieve a better and more sustainable future for all” 1 (1) https://www.un.org/sustainabledevelopment/sustainable-development-goals. NYSE: C DE 29 JC 2016
Slide 30: Coeur Aligns with the SDGs
Coeur Aligns with the SDGs By aligning with the SDGs, and communicating our sustainability and social responsibility actions, we support and contribute to the achievement of the global goals Coeur focuses on ten SDGs that best align with what matters to Coeur Source(s): https://www.un.org/sustainabl
Slide 31: 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
Slide 32: 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
Slide 33: 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
Slide 34: 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 34 JC 2016
Slide 35: 2019 Incentive Plan
2019 Incentive Plan Aligned with Strategic Objectives & Purpose Statement DEVELOP PROTECT TRIFR % Reduction AIP1 15% % Reduction in Significant Spills Three-Year Growth in Reserves and PSUs2,3 50% Resources from Continuing Operations Costs Applicable to Sales and AIP1 60% Adjusted EBITDA DELIVER Thr
Slide 36: 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
Slide 37: Appendix
Appendix NYSE: C DE 37 JC 2016
Slide 38: 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 &
Slide 39: Palmarejo (cont.)
Palmarejo (cont.) Production and Cost Performance Operating Cash Flow and Capital Expenditures ($M) Operating cash flow $713 Capital expenditures $615 $624 $519 $497 $27.3 $9.66 $8.39 $7.92 $7.43 $7.05 2,013 2,066 34 1,893 31 30 28 $13.3 1,544 23 1,278 $9.3 $9.5 $8.7 $8.6 $5.9 $5.9 $4.7 $1.3 1Q 2018
Slide 40: Rochester
Rochester Ownership 100% Claims 16,494 net acres Type Open pit and heap leach Crushing, dump heap leaching, Processing Merrill-Crowe precipitation, refining Metals Silver and gold doré Rochester Mine life ~19 years N evada, U.S. Share of Companywide 2019E1 Production 2014 & 2018 Reserves & Resources
Slide 41: Rochester (cont.)
Rochester (cont.) Production and Cost Performance Operating Cash Flow and Capital Expenditures ($M) $1,092 Operating cash flow $947 $936 Capital expenditures $929 $917 $12.83 $17.9 $11.85 $11.89 $11.35 $10.79 1,466 1,290 1,157 1,125 16 960 $6.0 15 $5.7 11 12 $4.6 $3.4 $3.6 $2.6 $3.0 8 $0.7 ($1.0) 1Q
Slide 42: Rochester: Re-Scoped Mine Plan Doubles NAV
Rochester: Re-Scoped Mine Plan Doubles NAV A re-scoped mine plan and PEA incorporates the positive economic impact expected from the potential addition of HPGR technology to Rochester’s crushing circuit beginning later this year 2017 TR 2018 PEA Δ Highlights of Expected HPGR Impact Mine Life 2031 20
Slide 43: What is HPGR?
What is HPGR? High pressure grinding rolls are relatively new to precious metals operations, although the technology has been proven in processing other materials • HPGRs have been used in the aggregates sector for decades, though early challenges associated with surface wear of the rollers delayed
Slide 44: Summary of Rochester PEA
Summary of Rochester PEA 1 PEA Highlights 2017 TR 2018 PEA Proven and probable reserves • Re-scoped mine plan and PEA incorporate the Mineralized material tons K tons 244,804 Mineralized material gold grade oz/t 0.003 anticipated economic benefit from: Mineralized material silver grade oz/t 0.46 Mea
Slide 45: 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 $20.00 per ounce of
Slide 46: Kensington
Kensington Ownership 100% Claims 12,336 net acres Type Underground Processing Crushing, grinding, flotation Kensington processing Alask a, U.S. Metals Gold concentrate Mine life ~4 years Share of Companywide 2019E1 Production 2014 & 2018 Reserves & Resources 2 P&P Reserves M&I Resources Inferred Res
Slide 47: Kensington (cont.)
Kensington (cont.) Production and Cost Performance Operating Cash Flow and Capital Expenditures ($M) Operating cash flow $1,196 $1,091 Capital expenditures $1,010 $990 $843 35 $12.0 $11.4 30 $10.7 $10.6 26 27 $9.4 26 $7.9 $6.2 $4.6 $3.2 ($0.4) 1Q 2018 2Q 2018 3Q 2018 4Q 2018 1Q 2019 1Q 2018 2Q 2018
Slide 48: Wharf
Wharf Ownership 100% Claims 7,852 net acres Type Open pit and heap leach Crushing, “on-off” heap leaching, Processing spent ore neutralization, carbon absorption/desorption Wharf South Dak ota, U.S. Metals Electrolytic cathodic sludge Mine life ~8 years Share of Companywide 2019E1 Production 2015 &
Slide 49: Wharf (cont.)
Wharf (cont.) Production and Cost Performance Operating Cash Flow and Capital Expenditures ($M) Operating cash flow Capital expenditures $939 $949 $895 $868 $822 $11.5 23 19 18 17 17 $3.7 $4.2 $1.2 $1.2 $0.7 $0.3 $0.4 ($1.4) ($1.9) 1Q 2018 2Q 2018 3Q 2018 4Q 2018 1Q 2019 1Q 2018 2Q 2018 3Q 2018 4Q 2
Slide 50: Silvertip
Silvertip Ownership 100% Claims 90,156 net acres Type Underground Silvertip British C olum bia, C anada Crushing, grinding, flotation Processing processing, concentrate thickening Metals Lead concentrate, zinc concentrate Mine life ~5 years Share of Companywide 2019E1 Production Share of 2018 Reserv
Slide 51: Non-GAAP Reconciliations
Non-GAAP Reconciliations NYSE: C DE 51 JC 2016
Slide 52: Non-GAAP to U.S. GAAP Reconciliation for Guidance
Non-GAAP to U.S. GAAP Reconciliation for Guidance Unaudited Costs Applicable to Sales Guidance for 2019 ($ 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 $156,4
Slide 53: Non-GAAP to U.S. GAAP Reconciliation
Non-GAAP to U.S. GAAP Reconciliation Costs Applicable to Sales Unaudited 3 months ended March 31, 2019 ($ 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 $34,811 $1
Slide 54: Non-GAAP to U.S. GAAP Reconciliation (cont.)
Non-GAAP to U.S. GAAP Reconciliation (cont.) Costs Applicable to Sales Unaudited Year ended December 31, 2018 ($ 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 $78,273
Slide 55: Non-GAAP to U.S. GAAP Reconciliation (cont.)
Non-GAAP to U.S. GAAP Reconciliation (cont.) Costs Applicable to Sales Unaudited 3 months ended December 30, 2018 ($ 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 $16,840
Slide 56: Non-GAAP to U.S. GAAP Reconciliation (cont.)
Non-GAAP to U.S. GAAP Reconciliation (cont.) Costs Applicable to Sales Unaudited 3 months ended September 30, 2018 ($ 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 $20,85
Slide 57: Non-GAAP to U.S. GAAP Reconciliation (cont.)
Non-GAAP to U.S. GAAP Reconciliation (cont.) Costs Applicable to Sales Unaudited 3 months ended June 30, 2018 ($ thousands, except per ounce amounts) Palmarejo Rochester Kensington Wharf Total Costs applicable to sales, including amortization (U.S. GAAP) $44,944 $29,244 $40,668 $22,611 $137,466 Amor
Slide 58: Non-GAAP to U.S. GAAP Reconciliation (cont.)
Non-GAAP to U.S. GAAP Reconciliation (cont.) Costs Applicable to Sales Unaudited 3 months ended March 31, 2018 ($ thousands, except per ounce amounts) Palmarejo Rochester Kensington Wharf Total Costs applicable to sales, including amortization (U.S. GAAP) $47,420 $29,136 $35,347 $17,966 $129,870 Amo
Slide 59: Non-GAAP to U.S. GAAP Reconciliation (cont.)
Non-GAAP to U.S. GAAP Reconciliation (cont.) Costs Applicable to Sales Unaudited Year ended December 31, 2017 ($ thousands, except per ounce amounts) Palmarejo Rochester Kensington Wharf Endeavor Total Costs applicable to sales, including amortization (U.S. GAAP) $219,920 $130,226 $152,118 $82,334 $
Slide 60: 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, 2016 ($ thousands, except per ounce amounts) Palmarejo Rochester Kensington Wharf Endeavor Total Costs applicable to sales, including amortization (U.S. GAAP) $117,418 $111,564 $131,517 $87,001 $
Slide 61: 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, 2015 ($ thousands, except per ounce amounts) Palmarejo Rochester Kensington Wharf Endeavor Total Costs applicable to sales, including amortization (U.S. GAAP) $170,899 $127,900 $147,880 $68,575 $
Slide 62: 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, 2014 ($ thousands, except per ounce amounts) Palmarejo Rochester Kensington Endeavor Total Costs applicable to sales, including amortization (U.S. GAAP) $256,706 $112,252 $148,961 $8,513 $526,433
Slide 63: Non-GAAP to U.S. GAAP Reconciliation (cont.)
Non-GAAP to U.S. GAAP Reconciliation (cont.) Costs Applicable to Sales Unaudited Year ended December 31, 2012 ($ thousands, except per ounce amounts) Palmarejo Rochester Kensington Endeavor Martha Total Costs applicable to sales, including amortization (U.S. GAAP) $344,073 $82,322 $128,734 $13,415 $
Slide 64: Non-GAAP to U.S. GAAP Reconciliation (cont.)
Non-GAAP to U.S. GAAP Reconciliation (cont.) Unaudited Adjusted EBITDA ($ thousands) 1Q 2019 2018 4Q 2018 3Q 2018 2Q 2018 1Q 2018 2017 2016 2015 Net income (loss) $(19,201) ($48,405) $468 ($53,044) $2,930 $1,241 ($1,319) $55,352 ($367,183) Income (loss) from discont. ops., net of tax (5,693) (550) -
Slide 65: Non-GAAP to U.S. GAAP Reconciliation (cont.)
Non-GAAP to U.S. GAAP Reconciliation (cont.) Unaudited Free Cash Flow ($ thousands) 1Q 2019 2018 4Q 2018 3Q 2018 2Q 2018 1Q 2018 2017 2016 2015 Cash flow from operating activities $(11,846) $20,108 $72 $5,789 ($1,294) $15,541 $197,160 $96,461 $87,412 Capital expenditures (27,438) (140, 787) (17, 805
Slide 66: Non-GAAP to U.S. GAAP Reconciliation (cont.)
Non-GAAP to U.S. GAAP Reconciliation (cont.) Unaudited Leverage Ratios LTM Adjusted EBITDA Consolidated Debt ($ thousands) 1Q 2019 ($ thousands) 1Q 2019 Net income (loss) $(68,847) Cash and cash equivalents $69,033 (Income) loss from discontinued operations, net of tax (5,693) Total debt 456,789 Int
Slide 67: 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
Slide 68: 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
Slide 69: 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
Slide 70: 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,
Slide 71: 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
Slide 72: 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
Slide 73: 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
Slide 74: 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
Slide 75: 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
Slide 76: 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,
Slide 77: Reserves and Resources (cont.)
Reserves and Resources (cont.) Wharf’s 2013 Mineral Reserves and Resources Grade (oz/ton) Ounces (contained) Short tons Gold Silver Gold Silver P ROVEN AND PROBABLE RESERVES Proven Reserves 15,179,000 0.022 0.078 340,000 1,190,000 Probable Reserves 8,245,000 0.026 0.108 220,000 890,000 Tot al Proven
Slide 78: 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 79: 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
Slide 80: 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
Slide 81: 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 81 JC 2016