Coeur Mining, Inc. · NYSE:CDE
Coeur Mining — Shareholder Meeting (May 2023)
41 slides from Coeur Mining's shareholder meeting presentation, May 1, 2023
Slide 1: 2023 Proxy Statement Highlights
2023 Proxy Statement Highlights May 2023
Slide 2: Forward-looking 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, executive compensation program components and environmental, social and governance (“ESG”) i
Slide 3: Mineral Reserves and Resources
Mineral Reserves and Resources Coeur is subject to the reporting requirements of the Exchange Act and applicable Canadian securities laws, and as a result we report our mineral reserves and mineral resources according to two different standards. U.S. reporting requirements, are governed by Item 1300
Slide 4: Proxy solicitation notice
In connection with the solicitation of proxies, Coeur filed with the SEC and mailed to stockholders a definitive proxy statement dated March 30, 2023 (the “Proxy Statement”). The Proxy Statement contains important information about Coeur and its 2023 Annual Stockholders’ Meeting. Stockholders are ur
Slide 5: Relevant Terms
Relevant Terms We use the following terms in this presentation and in the Proxy Statement to describe our operations and results, some of which are non-GAAP financial measures. Please see the applicable non-GAAP reconciliation tables in the appendix to this presentation Adjusted EBITDA Earnings befo
Slide 6: 2023 Annual Stockholders' Meeting Voting Matters
2023 Annual Stockholders’ Meeting 6 Voting Matters Proposal Coeur Board Voting Recommendation 1 Election of 9 director nominees named in the proxy statement FOR each nominee 2 Ratification of the appointment of Grant Thornton LLP as Coeur’s independent registered public accounting firm for 2023 FOR
Slide 7: Company Overview
Company Overview Note: See slides in appendix for additional information related to mineral reserves and resources. As of March 15, 2023. As of March 31, 2023. ADTV = Average Daily Trading Volume. Data Observed over a 90-day trading period. As of December 31, 2022. Guidance as published by Coeur on
Slide 8: Human Capital Management and Culture
Human Capital Management and Culture Coeur has long recognized that people and culture are the key to achieving our strategic goals. We aim to promote safety first, proactively develop our people and foster a diverse and inclusive culture. Our leadership team regularly engages with employees and ass
Slide 9: Recent ESG Accomplishments
Recent ESG Accomplishments Note: For more information about our ESG Report, and sustainability initiatives and strategy, please see our website at https://www.coeur.com/responsibility/. Any standards of measurement and performance made in reference to our ESG plans and goals are developing and based
Slide 10: Qualified, Diverse Board Nominees
Qualified, Diverse Board Nominees Our Board, which includes a diverse mix of tenures, experiences and skills, is led by an independent chairman, and eight of nine director nominees are independent
Slide 11: Qualified, Diverse Board Nominees (cont.)
Qualified, Diverse Board Nominees (cont.)
Slide 12: Qualified, Diverse Board Nominees (cont.)
Qualified, Diverse Board Nominees (cont.)
Slide 13: Governance & Executive Comp. Continuous Improvement
Governance & Executive Comp. Continuous Improvement Corporate Governance Highlights and Best Practices Ongoing Evolution of Executive Compensation Program
Slide 14: 2022 Performance Highlights
2022 Performance Highlights In 2022, we delivered strong financial and operating results while continuing to streamline our portfolio of core assets and advance the Rochester expansion project, which is expected to be a key catalyst, unlocking long-term value for our stockholders. The health and saf
Slide 15: 2022 Executive Compensation Philosophy
2022 Executive Compensation Philosophy The four internal performance share metrics are subject to a relative TSR modifier that adjusts payouts +/- 25% for top or bottom quartile performance compared to peers. Tied to achievement of expected 2024 Rochester production [from the new Stage VI leach pad]
Slide 16: 2022 Executive Compensation Practices
2022 Executive Compensation Practices
Slide 17: 2022 CEO Compensation Tied to Stockholder Returns
2022 CEO Compensation Tied to Stockholder Returns 57% of compensation linked to stock performance (Based 100% on Company Performance)
Slide 18: 2022 Compensation Results Aligned with Performance
2022 Compensation Results Aligned with Performance
Slide 19: 2022 Compensation Results Aligned with Performance (cont.)
2022 Compensation Results Aligned with Performance (cont.)
Slide 20: 2022 Executive Compensation – Realized Pay
2022 Executive Compensation – Realized Pay Coeur’s multiyear performance-linked pay aligned with stockholder returns Our NEO compensation program is structurally designed to be a strong performance-based program. In the case of the CEO, 81% of his target compensation is performance-based or “at-risk
Slide 21: 2022 Executive Compensation – Realizable Pay
2022 Executive Compensation – Realizable Pay Coeur’s realizable pay aligned with stockholder returns Realizable pay measures the compensation value that could be realized by executives over a given time period, taking into account the change in Company stock price during that time and whether perfor
Slide 22: Continued Strong Stockholder Engagement in 2022
Continued Strong Stockholder Engagement in 2022
Slide 23: Risk Oversight
Risk Oversight The Board is responsible for overseeing management’s mitigation of major risks facing Coeur, including, but not limited to: This Board’s leadership and Committee structure is designed so that the full Board properly considers and evaluates potential risks under the guidance of the Cha
Slide 24: ESG Highlights
ESG Highlights
Slide 25: What Matters to Coeur
What Matters to Coeur Coeur strives to be an industry leader in ESG, integrating factors into each aspect of its operations, activities and strategic decision making as the Company looks to the future. The following list includes material environmental, social and governance issues that matter to Co
Slide 26: Continued Focus on People and Culture
Continued Focus on People and Culture Balancing local community development through trades and apprenticeship programs with larger Company-wide development and workforce planning programs to entice a broader diverse population to our operations Creative Talent Acquisition Provide career progression
Slide 27: Robust Succession Planning & Employee Development
Robust Succession Planning & Employee Development From the operations to the boardroom, Coeur conducts robust succession planning throughout the organization annually, by employing specific talent diagnostics and skill development needs. High potential performers and diversity discussions along with
Slide 28: Safety is a Foundational Element of Coeur's Culture
Safety is a Foundational Element of Coeur’s Culture Coeur strives to protect the health, safety and wellbeing of its employees, contractors, visitors and surrounding communities https://coresafety.org/. Website references included throughout this presentation are provided for convenience only, and t
Slide 29: 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 Lost-Time Injury Frequency Rate Source(s): U.S. Department of Labor Mine Safety and Health Administration (MSHA): Metal Opera
Slide 30: Precious Metals Are Core 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 numerous innovative uses that shape the way we live today and enable a more sustainable, healthier tomorrow Precious Metals Are Coeur to Everyday Life Medical Devices COVID-19 di
Slide 31: Appendix
Appendix
Slide 32: Reserves and Resources: Proven and Probable Reserves
Reserves and Resources 2022 Proven and Probable Mineral Reserves Location Short tons Grade Contained 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 Kensington
Slide 33: Reserves and Resources: Measured and Indicated
Reserves and Resources (cont.) 2022 Measured and Indicated Mineral Resources (excluding Reserves) Location Short tons Grade Contained 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 34: Reserves and Resources: Inferred Resources
Reserves and Resources (cont.) 2022 Inferred Mineral Resources Location Short tons Grade Contained 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 35: Notes to 2022 Mineral Reserves
Reserves and Resources (cont.) Notes to 2022 Mineral Reserves: 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. 3Assumed metal prices
Slide 36: Notes to 2022 Mineral Resources
Reserves and Resources (cont.) Notes to 2022 Mineral Resources: 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 Company’
Slide 37: Notes to 2022 Mineral Resources (cont.)
Reserves and Resources (cont.) Notes to 2022 Mineral Resources (cont.): 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, indicate
Slide 38: 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 39: 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 40: Board of Directors (cont.)
Board of Directors (cont.) Eduardo Luna – Chairman of the Board of Rochester Resources Ltd., Mr. Luna has spent over forty years in the precious metals mining industry and has held prior senior executive and board positions at several companies including Industrial Peñoles, Goldcorp Inc., Luismin SA
Slide 41: Contact Information
Contact Information Corporate Office Coeur Mining, Inc. 200 S. Wacker Drive, Suite 2100 Chicago, IL 60606 Main Telephone +1 (312) 489-5800 Stock Ticker CDE: NYSE Website www.coeur.com Contact Jeff Wilhoit Director, Investor Relations investors@coeur.com