Coeur Mining, Inc. · NYSE:CDE

Coeur Mining — Investor Presentation (November 2020)

71 slides from Coeur Mining's investor presentation, November 2020

  1. Slide 1: Corporate Presentation

    Corporate Presentation November 2020 NYSE: CDE NYSE: CDE 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: Company Overview

    Company Overview Headquartered in Chicago, IL, Coeur Mining (NYSE: CDE) is a well-diversified, growing precious metals producer with a repositioned portfolio, focused on generating sustainable, high-quality cash flow from its North American assets Five Three Cash flow Committed Best-in-class quality

  4. Slide 4: Why Invest in Coeur?

    Why Invest in Coeur? Compelling Strategy Aligned with Stockholder Priorities ✓ Excellent Environmental, Social and Governance Initiatives ✓ Balanced, Low-Risk Portfolio of Precious Metals Assets ✓ Leading Exposure to Gold and Silver Prices ✓ Multiple High-Impact Organic Growth Opportunities ✓ Near-T

  5. 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 to maximize cash flow, returns and net asset value Priorities ✓ • U.S.-based and NYSE-listed, mid-tier gold and s

  6. Slide 6: Recent Environmental, Social and Governance Accomplishments

    Recent Environmental, Social and Governance Accomplishments Coeur is committed to being an industry leader in its environmental, social and governance practices, exemplified by the Company’s accomplishments for protecting its people, places and planet #1 Winner of cfi.co, Best Miner Ranked Among Pee

  7. Slide 7: Balanced, Low-Risk Portfolio of Precious Metals Assets

    Balanced, Low-Risk Portfolio of Precious Metals Assets 2010 YTD 2020 12% Palmarejo 23% Rochester 35% Kensington 45% Metal Sales by Asset 28% $516M $557M Wharf (% of revenue) San Bartolomé 29% Other1 5% 13% 10% 15% U.S. Mexico 45% Bolivia … by Geography Australia (% of revenue) 28% 65% Argentina 2% 3

  8. Slide 8: Repositioned Financial Profile Focused on Cash Flow

    Repositioned Financial Profile Focused on Cash Flow The Company has repositioned itself to deliver higher-quality cash flow growth from longer mine lives and a more flexible balance sheet Total Debt/Interest Expense G&A Expense Adj. EBITDA1/Margin1 ($ M) ($ M) ($ M) $463.2 (35%) +4x $239.2 $40.7 (19

  9. Slide 9: Leading Exposure to Gold and Silver Prices

    Leading Exposure to Gold and Silver Prices Coeur’s diversified portfolio of precious metals assets is well-positioned to capture the potential upside from rising gold and silver prices Outlook for Precious Metals Prices Metals Price Sensitivities Gold Prices Gold Market Fundamentals 2020E Revenue3 (

  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 Illustrative Investment Return Key Benefits Key Considerations ✓ Reflects the Company’s values Safety/Environment/ −

  11. Slide 11: Multiple High-Impact Organic Growth Opportunities

    Multiple High-Impact Organic Growth Opportunities Coeur has multiple high-impact exploration, expansion and optimization opportunities embedded in its portfolio, which it plans to methodically pursue by prioritizing investments based the Company’s capital allocation framework Exploration Expansion O

  12. Slide 12: Nevada-Based Exploration Investment Opportunities

    Nevada-Based Exploration Investment Opportunities Coeur uniquely positioned to build out its organic growth portfolio in the U.S., specifically in Nevada – a top mining jurisdiction. The Company believes investing in these opportunities will drive long-term value for stockholders Northern Nevada Sou

  13. Slide 13: Rochester: Expansion Represents Key Near-Term Catalyst

    Rochester: Expansion Represents Key Near-Term Catalyst The Company is advancing efforts to expand Rochester under Plan of Operations Amendment 11 (“POA 11”), which is expected to reposition the mine as a cornerstone asset and unlock significant value for stockholders High-Level Project Timeline 2018

  14. Slide 14: Rochester: Expansion Represents Key Near-Term Catalyst (cont.)

    Rochester: Expansion Represents Key Near-Term Catalyst (cont.) The Company expects to publish an updated technical report for Rochester in December 2020, reflecting ~$350-$400 million of construction capital and an after-tax NPV5% of ~$550-$650 million based solely on proven and probable reserves Va

  15. Slide 15: Rochester: Expansion Represents Key Near-Term Catalyst (cont.)

    Rochester: Expansion Represents Key Near-Term Catalyst (cont.) Coeur began initial construction on POA 11 in August 2020, with major construction projects scheduled to begin in 2021 and be largely completed by late 2022 2019 2020 2021 2022 2023 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q Leach Cons

  16. Slide 16: Balance Sheet and Hedging Summary

    Balance Sheet and Hedging Summary Liquidity Profile Debt and Leverage Summary1,2 ($M) ($M) 2.0x 1.7x $77.1 $286.6 1.5x 1.3x 1.4x $250.0 0.9x $298.7 $295.5 $301.1 $209.5 ($20.0) ($20.5) $239.9 $233.4 $224.0 Sept. 30, Dec. 31, Sept. 30, Sept. 30, Dec. 31, Sept. 30, Revolver Borrowings Letters Revolver

  17. Slide 17: Looking Ahead: Delivering Consistent Operating & Financial Results

    Looking Ahead: Delivering Consistent Operating & Financial Results • Maintain focus on rigorous health and safety protocols ✓ • Sustain strong operating performance at Palmarejo and Wharf ✓ • Continue executing revised stacking plan and advancing early-stage ✓ POA 11 construction activities at Roche

  18. Slide 18: 2020 Guidance

    2020 Guidance 1 Production Outlook Gold (oz) Silver (K oz) Palmarejo 100,000 – 110,000 6,000 – 7,000 Rochester 27,000 – 33,000 3,100 – 3,700 Kensington 122,500 – 130,000 - Wharf 85,000 – 95,000 - Consolidated 334,500 – 368,000 9,100 – 10,700 CAS Outlook2 Gold ($/oz) Silver ($/oz) Palmarejo (co-produ

  19. Slide 19: ESG Highlights

    ESG Highlights NYSE: CDE 19 JC 2016

  20. Slide 20: 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

  21. Slide 21: Aiming to Reduce Greenhouse Gas Emissions

    Aiming to Reduce Greenhouse Gas Emissions Coeur strives to increase production while using less energy over the long- term. With the support of site-specific energy leads and champions across the Company, Coeur is managing its carbon footprint and reducing greenhouse gas emissions Recent Energy Mana

  22. Slide 22: 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

  23. Slide 23: Committed to Diversity and Inclusion

    Committed to Diversity and Inclusion “The tragic death of George Floyd and other horrific events…serve as stark reminders that, as a society, much work remains to be done to address racism and the conscious and unconscious biases that enable its existence. At Coeur, we are committed to fostering div

  24. Slide 24: 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 f rom key agencies U .S. Centers Mexican and F ederal, f or D

  25. Slide 25: Activities to Protect People and Places During COVID-19

    Activities to Protect People and Places During COVID-19 • ✓ Social distancing and enhanced cleaning • ✓ Multilayered testing strategy • ✓ Traditional contact tracing complemented by wearable technology pilot • ✓ Remote work for office employees • ✓ Only essential business travel People • ✓ Pre-work

  26. Slide 26: Active Involvement in Protecting Our Communities

    Active Involvement in Protecting Our Communities Health tent at Wharf used for screening temperatures and completing questionnaire forms Rochester team showcasing completed drive-through testing center donated to Pershing County Hospital Food distribution at Palmarejo NYSE: CDE 26 JC 2016

  27. Slide 27: Industry-Leading Safety Performance

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

  28. Slide 28: 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 five directors – more than 50% of the Board – added in last seven years • Also added a new independent director in early 2019, who rec

  29. Slide 29: Significantly Improved Corporate Governance Profile

    Significantly Improved Corporate Governance Profile Corporate Governance Enhancements Since 2010 2010 2020 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

  30. Slide 30: 2019 CEO Compensation Tied to Stockholder Returns

    2019 CEO Compensation Tied to Stockholder Returns Base Salary 19% Performance Shares 57% of compensation 34% linked to stock performance AIP 24% Restricted (Based 100% on Stock Company Performance) 23% NYSE: CDE 30 JC 2016

  31. Slide 31: 2020 Incentive Plan

    2020 Incentive Plan Aligned with Strategic Objectives & Purpose Statement TRIFR % Reduction PROTECT AIP1 20% % Decline in Permit Exceedances Three-Year Growth in Reserves and DEVELOP PSUs2,3 35% Resources from Continuing Operations Achievement of Milestones for Strategically PSUs2,3 30% Critical Lon

  32. Slide 32: Diverse Board Led by Independent Chair

    Diverse Board Led by Independent Chair • ✓ Eight out of nine Directors Skill1 are independent (all except CEO); all four main Current and Former Chief Executive 90% committees comprised of Project Development/Management 80% independent directors only Environmental, Social and Governance/Health 90% a

  33. Slide 33: Diverse Board Led by Independent Chair (cont.)

    Diverse Board Led by Independent Chair (cont.) Other Public Name Age Audit CLDC NCGC EHSCR Exec Independent Company Boards Robert E. Mellor (Chairman) 76 • (C) (C) • 1 Linda L. Adamany 68 (C)(F) • • 2 Sebastian Edwards 66 • • • 0 Randolph E. Gress 64 (F) • • • 0 Mitchell J. Krebs 48 • 1 Eduardo Luna

  34. Slide 34: Appendix

    Appendix NYSE: CDE 34 JC 2016

  35. Slide 35: 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 ~7 years Palmarejo Chihuahua, Northern Mexico Share of Companywide 2020E 1 Production 2015 & 2019 Reserves & R

  36. Slide 36: Palmarejo (cont.)

    Palmarejo (cont.) Production and Cost Performance Operating Cash Flow and Capital Expenditures ($M) Operating cash flow Capital expenditures $686 $660 $645 $10.06 $49.7 $622 $41.4 $602 $36.3 $8.95 $8.79 $8.37 $8.13 2,029 $28.9 32 32 1,835 1,720 29 29 1,784 $7.8 $8.6 $7.1 15 867 $4.5 $5.0 ($3.5) 3Q 2

  37. Slide 37: 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 ~15 years Nevada, U.S. Share of Companywide 2020E 1 Production 2015 & 2019 Reserves & Resources

  38. Slide 38: Rochester (cont.)

    Rochester (cont.) Production and Cost Performance Operating Cash Flow and Capital Expenditures ($M) $1,481 Operating cash flow $1,359 Capital expenditures $1,230 $1,142 $1,148 $10.2 $9.8 $14.38 $14.98 $8.3 $14.24 $13.75 $13.25 $6.9 $5.1 $5.8 $5.0 $2.1 982 848 687 728 740 11 8 6 6 5 ($5.6) ($9.3) 3Q

  39. Slide 39: 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 Schematic 1 Selected Commentary Feed • Fee

  40. Slide 40: Kensington

    Kensington Ownership 100% Claims 12,336 net acres Type Underground Processing Crushing, grinding, flotation Kensington processing Alaska, U.S. Metals Gold concentrate Mine life ~3 years Share of Companywide 2020E 1 Production 2015 & 2019 Reserves & Resources 2 P&P Reserves M&I Resources Inferred Res

  41. Slide 41: Kensington (cont.)

    Kensington (cont.) Production and Cost Performance Operating Cash Flow and Capital Expenditures ($M) $1,128 Operating cash flow2 Capital expenditures $976 $20.8 $928 $934 $19.2 $18.9 $822 $15.2 34 33 $14.2 32 30 27 $4.9 $4.8 $5.3 $4.3 $3.9 3Q 2019 4Q 2019 1Q 2020 2Q 2020 3Q 2020 3Q 2019 4Q 2019 1Q 2

  42. Slide 42: 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 Dakota, U.S. Metals Electrolytic cathodic sludge Mine life ~7 years Share of Companywide 2020E 1 Production 2015 &

  43. Slide 43: Wharf (cont.)

    Wharf (cont.) Production and Cost Performance Operating Cash Flow and Capital Expenditures ($M) Operating cash flow $1,090 Capital expenditures $39.1 $887 $802 $804 $804 33 26 26 $19.1 25 $17.6 $17.0 16 $2.6 $0.8 $0.8 $0.4 $0.3 $0.5 3Q 2019 4Q 2019 1Q 2020 2Q 2020 3Q 2020 3Q 2019 4Q 2019 1Q 2020 2Q

  44. Slide 44: Silvertip

    Silvertip Ownership 100% Claims 90,156 net acres Type Underground Silvertip British Columbia, Canada Crushing, grinding, flotation Processing processing, concentrate thickening Metals Lead concentrate, zinc concentrate Mine life ~5 years 2018 & 2019 Reserves & Resources 1 P&P Reserves M&I Resources

  45. Slide 45: Non-GAAP Reconciliations

    Non-GAAP Reconciliations NYSE: CDE 45 JC 2016

  46. Slide 46: 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 2020 ($ thousands, except per ounce amounts) Palmarejo Rochester Kensington Wharf Costs applicable to sales, including amortization (U.S. GAAP) $179,529 $102,554 $175,424 $94,989 Amortization (44,409)

  47. Slide 47: Non-GAAP to U.S. GAAP Reconciliation

    Non-GAAP to U.S. GAAP Reconciliation Costs Applicable to Sales Unaudited 3 months ended September 30, 2020 ($ thousands, except per ounce amounts) Palmarejo Rochester Kensington Wharf Silvertip Total Costs applicable to sales, including amortization (U.S. GAAP) $46,163 $22,382 $43,053 $31,887 $1,185

  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 June 30, 2020 ($ thousands, except per ounce amounts) Palmarejo Rochester Kensington Wharf Silvertip Total Costs applicable to sales, including amortization (U.S. GAAP) $26,095 $21,348 $43,235 $25,653 $1,

  49. Slide 49: 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, 2020 ($ thousands, except per ounce amounts) Palmarejo Rochester Kensington Wharf Silvertip Total Costs applicable to sales, including amortization (U.S. GAAP) $49,149 $19,860 $42,429 $20,267 $2

  50. Slide 50: 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, 2019 ($ thousands, except per ounce amounts) Palmarejo Rochester Kensington Wharf Silvertip Total Costs applicable to sales, including amortization (U.S. GAAP) $201,306 $118,246 $170,194 $92

  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 December 31, 2019 ($ thousands, except per ounce amounts) Palmarejo Rochester Kensington Wharf Silvertip Total Costs applicable to sales, including amortization (U.S. GAAP) $49,590 $31,100 $41,537 $29,818

  52. Slide 52: 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, 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 $25,38

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

    Non-GAAP to U.S. GAAP Reconciliation (cont.) Unaudited Adjusted EBITDA ($ thousands) 2019 2018 2017 2016 2015 2014 Net income (loss) ($341,203) ($48,405) ($1,319) $55,352 ($367,183) ($1,186,874) Income (loss) from discont. ops., net of tax (5,693) (550) 12,244 (32,917) 79,372 89,224 Interest expense

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

    Non-GAAP to U.S. GAAP Reconciliation (cont.) Unaudited 2020E Free Cash Flow ($ millions) Gold price assumption ($/oz) $1,750 $1,750 $1,750 $2,000 $2,000 $2,000 $2,250 $2,250 $2,250 Silver price assumption ($/oz) $20.00 $25.00 $30.00 $20.00 $25.00 $30.00 $20.00 $25.00 $30.00 Cash flow from operating

  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) 3Q 2020 4Q 2019 3Q 2019 ($ thousands) 3Q 2020 4Q 2019 3Q 2019 Net income (loss) ($257,214) ($341,203) ($69,774) Cash and cash equivalents $77,148 $55,645 $65,319 (Income) loss f

  56. Slide 56: Reserves and Resources

    Reserves and Resources 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 249,815,000 0.003

  57. Slide 57: 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

  58. Slide 58: 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

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

    Reserves and Resources (cont.) 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) PROVEN RESERVES Palmarejo Mexico 1,283,000 0.084 4.97 108,000 6,376,000 Rochester Nevada, USA 228,413,0

  60. Slide 60: 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) MEASURED RESOURCES Palmarejo Mexico 604,000 0.086 4.77 52,000 2,880,000 Roches

  61. Slide 61: 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

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

    Reserves and Resources (cont.) 2015 Proven and Probable Mineral Reserves Grade Contained Location Short tons Gold (oz/t) Silver (oz/t) Gold (oz) Silver (oz) PROVEN RESERVES Palmarejo Mexico 802,000 0.077 6.29 62,000 5,048,000 Rochester Nevada, USA 96,520,000 0.003 0.53 316,000 51,007,000 Kensington

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

    Reserves and Resources (cont.) 2015 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 134,000 0.052 4.86 7,000 651,000 Rochester Nevada, USA 60,528,000 0.004 0.49 233,0

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

    Reserves and Resources (cont.) 2015 Inferred Mineral Resources Grade Contained Location Short tons Gold (oz/t) Silver (oz/t) Gold (oz) Silver (oz) INFERRED RESOURCES Palmarejo Mexico 1,721,000 0.085 4.79 147,000 8,240,000 Rochester Nevada, USA 59,597,000 0.003 0.52 179,000 31,195,000 Kensington Alas

  65. Slide 65: 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) Gold (oz) Silver (oz) PROVEN RESERVES Palmarejo Mexico 1,089,000 0.043 3.37 46,000 3,670,000 Rochester Nevada, USA 89,077,000 0.004 0.56 346,000 49,786,000 Kensingto

  66. Slide 66: 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) Gold (oz) Silver (oz) MEASURED RESOURCES Palmarejo Mexico 417,000 0.062 4.48 26,000 1,870,000 Rochester Nevada, USA 72,228,000 0.003 0.45 21

  67. Slide 67: Reserves and Resources (cont.)

    Reserves and Resources (cont.) 2014 Inferred Mineral Resources Grade Contained Location Short tons Gold (oz/t) Silver (oz/t) Gold (oz) Silver (oz) INFERRED RESOURCES Palmarejo Mexico 2,065,000 0.116 4.98 240,000 10,286,000 Rochester Nevada, USA 96,039,000 0.003 0.42 263,000 40,789,000 Kensington Ala

  68. Slide 68: 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

  69. Slide 69: Board of Directors

    Board of Directors Robert E. Mellor – Independent Chairman of the board of Monro Muffler/Brake, Inc. (auto service provider) since June 2017, and appointed Interim Chief Executive Officer in August 2020. Previously Mr. Mellor was lead independent director from April 2011 to June 2017 and a member of

  70. Slide 70: 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

  71. Slide 71: 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 71 JC 2016

Coeur Mining — Investor Presentation (November 2020) on 6ix