Coeur Mining, Inc. · NYSE:CDE
Coeur Mining — Investor Day (October 2014)
149 slides from Coeur Mining's investor day presentation, Oct 6, 2014
Slide 1: Coeur Mining Investor Day
Coeur Mining Investor Day New York City and Toronto October 6-7, 2014
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 regarding anticipated high-return investment opportunities, ability to deliver high-return growth and increase reserves and r
Slide 3: Presenting Team
Presenting Team Mitchell J. Krebs Peter C. Mitchell Humberto Rada Chief Executive Officer, Senior Vice President and President, and Director President Chief Financial Officer Manquiri Frank L. Joe Phillips Bill Holder Senior Vice President and Vice President Hanagarne, Jr. Chief Development Health,
Slide 4: Other Senior Leadership Present
Other Senior Leadership Present Mark A. Spurbeck Terry Smith Vice President Vice President Finance North American Operations Donna Mirandola Antonio Adames Director Vice President Corporate Communications Mexican and South American Operations Courtney R.B. Lynn Bridget Freas Treasurer Director Inves
Slide 5: Agenda and Schedule
Agenda and Schedule Topic Times Presenter(s) Introduction 12:00 – 12:15 Mitch Krebs Palmarejo 12:15 – 12:45 Frank Hanagarne + Team Rochester 12:45 – 1:15 Frank Hanagarne + Team Kensington 1:15 – 1:45 Frank Hanagarne + Team San Bartolomé 1:45 – 2:15 Frank Hanagarne + Team Coffee Break 2:15 – 2:30 Cap
Slide 6: Introduction
Introduction Mitchell J. Krebs, President, CEO and Director
Slide 7: Who We Are
Who We Are One of world’s largest silver mining companies with diversified portfolio of four mines in three countries Approximately half of sales derived from gold production Provides superior leverage to both precious metals Deploying capital into high-return organic growth opportunities –
Slide 8: Leading Producer of Silver and Gold
Leading Producer of Silver and Gold 2013 Silver Equivalent Production by Mine (millions of ounces) Revenue by Metal 0.7 22% 36% 34% 40% 48% 6.9 Palmarejo Rochester 78% 14.6 64% 66% Gold San Bartolomé 60% 52% Silver 5.9 Kensington Endeavor 4.7 2009 2010 2011 2012 2013 Silver Production Gold Productio
Slide 9: Revitalized Corporate Philosophy to Maximize Cash Flow
Revitalized Corporate Philosophy to Maximize Cash Flow Coeur was a leader in identifying the need for a stronger foundation and implementing a returns-driven strategy 2011 2012 Change in Executive Leadership Preparation Determined need to reinvent the company culture to prioritize: 2013 - Return
Slide 10: Revitalized Management and Board of Directors
Revitalized Management and Board of Directors 88% of senior leadership joined Coeur within past two years Reconstituted board since CEO change in 2011 Separate Chairman and CEO roles Added three independent directors with natural resource backgrounds Key Technical Management Years in Industr
Slide 11: Improved Ability to Reach Performance Targets and Poised for Continued Success
Improved Ability to Reach Performance Targets and Poised for Continued Success Company AIP Performance Recent Upgrades to Corporate Infrastructure Improved Performance Company AIP Performance Across the Organization 120% Operations Support 108% 100% Significantly improved mine planning capabilitie
Slide 12: 2013 Highlights
2013 Highlights Completed Structural Upgrades Significantly Increased AgEq Mineral Reserves 600 523.5 500 ounces in millions 384.5 400 339.7 5.08/ 300 share 3.76/ 3.73/ Corporate office relocated to Chicago 200 share share Strengthened organizational structure 100 FP&A, IT, Operations Support,
Slide 13: 2014 Year-to-Date Goals and Achievements
2014 Year-to-Date Goals and Achievements Execute Rochester production 2Q 2014 Rochester production increased 48% and 13% for silver and gold, ramp up respectively, compared to 1Q 2014 Reduce royalty burden on New stream agreement with Franco-Nevada expected to significantly Palmarejo’s cash flow
Slide 14: Precious Metal Prices Have Declined Significantly Since Last Investor Day
Precious Metal Prices Have Declined Significantly Since Last Investor Day 30% 20% 10% 0% -10% -20% (22%) -30% (38%) -40% -50% May-12 Jul-12 Sep-12 Nov-12 Jan-13 Mar-13 May-13 Jul-13 Sep-13 Nov-13 Jan-14 Mar-14 May-14 Jul-14 Sep-14 Silver Gold Source: Capital IQ. NYSE: CDE 14
Slide 15: The Path Ahead: Strategic Repositioning to Drive Value
The Path Ahead: Strategic Repositioning to Drive Value Current Asset Base Actively deploying cash on hand in high- return investment opportunities Rochester: POA10 Palmarejo: Guadalupe Higher-grade production Kensington: Jualin Stronger cash flow New Avenues Greater returns on capital Se
Slide 16: Palmarejo
Palmarejo Frank L. Hanagarne, Jr., SVP and Chief Operating Officer Joe Phillips, SVP and Chief Development Officer Hans Rasmussen, Vice President, Exploration Bill Holder, Vice President, Health, Safety, & Loss Control James Voyles, Vice President, Environment & Community
Slide 17: Palmarejo at a Glance
Palmarejo at a Glance Location Temoris, Chihuahua, Mexico Ownership 100% Land position 30,471 acres Start up April 2009 Initial capex $378 million Mine type Underground and open-pit Mining method Conventional open-pit and longhole Ore processing Crushing Metal recovery Flotation and Merrill-Crowe pr
Slide 18: Palmarejo Operating and Financial Overview
Palmarejo Operating and Financial Overview ▪ World’s 8th largest primary silver mine ▪ Transitioning to underground mining to maximize margins and cash flow rather than production ▪ Re-scoped mine plan released July 2014 reflecting transition to lower tonnage, higher-grade, higher-margin operation;
Slide 19: Palmarejo Process Flowsheet
Palmarejo Process Flowsheet Jaw Crusher Processing at Palmarejo has the SAG SAG & Ball flexibility to treat various ore types Single-Stage Milling Crushing Plant Ball Flotation Circuit Flotation Flotation Concentrate Concentrate Leaching Wash Flotation Concentrate Water Tailings Pre-Leach Thickener
Slide 20: Improving Consistency of Production, Cash Flow, and Costs
Improving Consistency of Production, Cash Flow, and Costs $15.55 $14.97 $13.73 $13.39 $13.66 $13.36 $14.04 $10.90 2.0 1.9 2.0 1.8 1.8 1.8 1.6 1.6 35,486 ounces 29,893 28,191 25,216 23,702 22,965 23,706 19,998 3Q'12 4Q'12 1Q'13 2Q'13 3Q'13 4Q'13 1Q'14 2Q'14 Gold production Silver production (millions
Slide 21: Strategic Repositioning of Palmarejo
Strategic Repositioning of Palmarejo Re-Scoped Mine Plan Reduced throughput; underground only; Guadalupe as only ore source in 2016 and beyond Grade “Quality over quantity” ounces to drive significantly higher silver and gold grades Targeted exploration efforts in high-grade zones Maximizes
Slide 22: New Gold Stream Agreement Expected to Unlock Value at Palmarejo
New Gold Stream Agreement Expected to Unlock Value at Palmarejo Coeur has entered into an LOI for a new agreement with Franco-Nevada that will take effect following the completion of the minimum obligation under the current royalty stream agreement Coeur paid $2 million to terminate the existing r
Slide 23: Palmarejo Production – Quality versus Quantity
Palmarejo Production – “Quality versus Quantity” to Maximize Grade, Margins, and Mine Life 2009-2013: high tonnage, low grade 2016E-2021E: Low tonnage, high grade - High production rate hampers speed of - Low production rate facilitates future mine replacement; shortens mine life life extension from
Slide 24: Palmarejo Cost Performance and LOM Assumptions
Palmarejo Cost Performance and LOM Assumptions 2011 2012 2013 2014E – 2021E Ore tons mined (in thousands) 1,729 2,164 2,323 887 OP mining costs per OP ton mined $2.54 $1.93 $1.63 $2.10 UG mining costs per UG ton mined $73 $62 $44 $531 Processing costs per ton processed $37 $29 $25 $27 G&A per ton pr
Slide 25: Palmarejo LOM Financial Summary
Palmarejo LOM Financial Summary $ in millions except per ounce data 2014 2015 2016 2017 2018 2019 2020 2021 Total Silver price ($/oz) $20 $20 $20 $20 $20 $20 $20 $20 $20 Gold price ($/oz) $1,300 $1,300 $1,300 $1,300 $1,300 $1,300 $1,300 $1,300 $1,300 Gross revenue $250 $183 $121 $203 $207 $116 $128
Slide 26: Palmarejo Opportunities
Palmarejo Opportunities Key Opportunities Phased increase of mining at Guadalupe beyond currently planned rates Reduced tonnage provides additional cost-reduction opportunities Guadalupe deep target and inferred resource drilling Regional resource additions including Independencia and Los Ba
Slide 27: Palmarejo Capital Profile
Palmarejo Capital Profile Past and Projected Capital Expenditures 2014 - LOM Capital Expenditures $60 $50 24% 35% $40 $ in millions $30 13% $20 10% 18% $10 $0 Guadalupe mine development Capitalized drilling 2014E 2015E 2016E 2017E 2018E 2019E 2020E 2021E 2010 2011 2012 2013 Tailings Equipment Other
Slide 28: Strongest Upside Potential Expected from Guadalupe Underground Inferred Resources
Strongest Upside Potential Expected from Guadalupe Underground Inferred Resources Guadalupe underground inferred silver and gold grades are 29% and 116% higher, respectively, than Palmarejo’s current reserve grades Grade Ounces Tons and ounces in thousands Short Tons (oz/t) Silver Gold Silver Gold U
Slide 29: Palmarejo Exploration Program
Palmarejo Exploration Program Palmarejo Further Delineation and Infill Drill Program Mine Priorities: 1. Guadalupe underground Zone 220 2. Independencia underground Espinazo Del Diablo Cerro de los Hilos Resource Discovery Drill Program Priorities: Portal 1. Veta Independencia Zone 2. Guadalupe
Slide 30: Independencia Vein
Independencia Vein Drilled in 2014 Status of the Program: In Progress Three rigs drilling; 28 holes completed Old drill holes totaling 12,800 meters 0re Zone All the holes intercepted mineralized structure showing good continuity along strike and down dip 850 meters of strike length already id
Slide 31: Guadalupe Zone: Inferred Resources
Guadalupe Zone: Inferred Resources NW SE Portal Guadalupe Centro Guadalupe Norte LEGEND TGDH-239 oz/t AuEq TGDH-175 0 to 0.1 to 0.117 TGDH-222 to 0.146 to 0.175 to 0.204 to 0.233 >0.233 TGDH-175: 159 ft @ 0.09 oz/t Au; 8.0 oz/t Ag (0.23 oz/t AuEq) Includes : 69 ft @ 0.12 oz/t Au; 12.0 oz/t Ag (0.33
Slide 32: Palmarejo Safety and Security Performance
Palmarejo Safety and Security Performance Total Reportable Incident Frequency Rate Highlights 2012-2014 YTD (August) 87% reduction in serious injuries in last 32 4.00 months 3.50 Improved near miss reporting 3.00 2.50 Formalizing contractor management program 2.00 Health & Safety department
Slide 33: Palmarejo Environmental Considerations
Palmarejo Environmental Considerations Industria Limpia Certification (“clean industry”) Working toward International Cyanide Code Certification Exploration Permitting Guadalupe project and exploration opportunities Project Rehabilitation Incorporating environmental reclamation into mine pla
Slide 34: Palmarejo Community Relations Initiatives
Palmarejo Community Relations Initiatives Six consecutive years of receiving the Empresa Socialmente Responsible award Sustaining social commitment to local community development Sewer and water projects Health care and schools Contracts with Ejidos School seminars and workshops Schola
Slide 35: Rochester
Rochester Frank L. Hanagarne, Jr., SVP and Chief Operating Officer Joe Phillips, SVP and Chief Development Officer Hans Rasmussen, Vice President, Exploration Bill Holder, Vice President, Health, Safety, & Loss Control James Voyles, Vice President, Environment & Community
Slide 36: Rochester Video
Rochester Video NYSE: CDE 36
Slide 37: Rochester at a Glance
Rochester at a Glance Location Lovelock, Nevada Ownership 100% Land position 10,800 acres Start up October 1986 Initial capex $24 million Mine type Open-pit Mining method Conventional open-pit Ore processing Crushing Metal recovery Heap leach Final product Silver and gold doré Employees 293 2013 pro
Slide 38: Rochester Operating and Financial Overview
Rochester Operating and Financial Overview ▪ 2nd largest primary silver mine in the United States Financial Stats 2Q 2014 1Q 2014 Full Year (in millions, except per ounce amounts) 2013 ▪ Completed 72 million ton leach pad capacity Revenue $31.2 $24.2 $119.3 expansion in 2013 Costs applicable to sale
Slide 39: Increased Silver and Gold Production Drove Highest Cash Flow in 2Q 2014
Increased Silver and Gold Production Drove Highest Cash Flow in More than a Year in 2Q 2014 $15.83 $15.15 $14.95 $12.67 $16.63 $15.79 $16.38 $15.74 12,055 1,112 819 10,599 828 844 9,404 ounces 8,742 712 750 9,230 648 7,890 8,192 595 4,824 3Q'12 4Q'12 1Q'13 2Q'13 3Q'13 4Q'13 1Q'14 2Q'14 1 Gold produc
Slide 40: Rochester Cost Performance
Rochester Cost Performance 2012 2013 1Q 2014 2Q 2014 Ore tons mined (in thousands) 11,711 13,402 2,922 3,115 Mining costs per ton mined $1.89 $2.30 $2.83 $1.31 Processing costs per ton processed $3 $4 $5 $4 G&A per ton processed $2 $2 $1 $1 Ramp up of Stage 3 leach pad and upgrades to crushing/loa
Slide 41: Rising Tons Placed and Consistent Grade Performance
Rising Tons Placed and Consistent Grade Performance Exploration efforts focus on bringing higher grade material into the mine plan 0.55 0.63 0.58 0.57 0.59 0.54 0.52 0.51 0.52 0.53 0.58 0.004 0.005 0.005 0.003 0.002 0.003 0.004 0.004 0.003 0.003 0.003 4,570 3,641 3,330 2,723 2,586 2,669 2,606 2,679
Slide 42: Strategic Repositioning of Rochester
Strategic Repositioning of Rochester POA10 Extend production, increase production rate, reduce costs beginning in 2017 Crushing Increase crushing rates 25%-30% to permitted level of 18.5 million tons/year Expected high-return use of capital Exploration Continue drilling of higher-grade miner
Slide 43: POA 10: Preparing for the Next Phase of Growth
POA 10: Preparing for the Next Phase of Growth Proposed expansion is within the permitted mine area and includes: Expansion of existing Stage 4 heap leach pad Construction of new Stage 5 heap leach pad and ancillary structures Minor relocation of access road and utilities Relocation of small
Slide 44: Rochester LOM Plan Summary
Rochester LOM Plan Summary Current mine plan includes reserves only – significant opportunity to improve the economics through resource conversion and potential to accelerate timing of leach pad / crushing expansion tons and oz in thousands, $ in millions 2014 2015 2016 2017 2018 2019 2020 2021 2022
Slide 45: Rochester Opportunities
Rochester Opportunities Key Opportunities Enhance current plan through addition of higher grade resources Achieve higher margin Higher gold production Lower cost structure NYSE: CDE 45
Slide 46: Rochester Capital Profile
Rochester Capital Profile Past and Projected Capital Expenditures 2014E Capital Expenditures $60 $50 10% 20% $40 $ in millions $30 $20 $10 70% $0 2014E 2015E 2016E 2017E 2018E 2019E 2020E 2021E 2022E 2008 2009 2010 2011 2012 2013 Capitalized drilling Equipment Other (sustaining/infrustructure-relate
Slide 47: Rochester Looking South - Exploration
Rochester Looking South - Exploration Packard Stage 3 Leach Pad Rochester Mine Process Plant Stage 4 Leach Pad NYSE: CDE 47
Slide 48: Rochester Target Areas 2014 - 2015
Rochester Target Areas 2014 - 2015 NW Rochester Limerick Section East Pit Sunflower Sections NYSE: CDE 48
Slide 49: Northwest Rochester Drilling 2014: Section Looking North
Northwest Rochester Drilling 2014: Section Looking North Mineralized zone of breccia, veining, and silicification Low to moderate faults control breccia NYSE: CDE 49
Slide 50: Rochester Safety Performance
Rochester Safety Performance Total Reportable Incident Frequency Rate Highlights 2013-2014 YTD (August) 77% reduction in serious injuries in last 20 months 6.00 7 years without an employee lost time injury 5.00 50% reduction in property damage incidents in last 20 months 4.00 76% decrease in
Slide 51: Rochester Environmental Considerations
Rochester Environmental Considerations Numerous awards for wildlife habitat enhancement and recognition from the State of Nevada for excellence in mining reclamation Expansion on schedule Comprehensive Environmental Impact Statement covers the expansion and final closure of the mine in the fut
Slide 52: Rochester Community Relations Initiatives
Rochester Community Relations Initiatives Community Outreach Sponsor local events and teach educators about mining through Nevada Mining Association Revitalized the Lovelock/Pershing County Chamber of Commerce Helped create and continue to support the Pershing County Economic Diversification
Slide 53: Kensington
Kensington Frank L. Hanagarne, Jr., SVP and Chief Operating Officer Joe Phillips, SVP and Chief Development Officer Hans Rasmussen, Vice President, Exploration Bill Holder, Vice President, Health, Safety, & Loss Control James Voyles, Vice President, Environment & Community
Slide 54: Kensington at a Glance
Kensington at a Glance Location 45 miles NNW of Juneau, Alaska Ownership 100% Land position 12,393 acres Start up June 2010 Initial capex $425 million Mine type Underground Mining method Longhole stoping Ore processing Primary and secondary ball mills Metal recovery Flotation Final product Gold conc
Slide 55: Kensington Operating and Financial Overview
Kensington Operating and Financial Overview Greater operational consistency achieved and higher Financial Statistics Full Year tonnage mine plan is underway 2Q 2014 1Q 2014 (in millions, except per ounce amounts) 2013 Mine planning and exploration in 2014 focused on high- Revenue $29.0 $36.1 $14
Slide 56: Improved Consistency of Production, Cash Flow, and Costs
Improved Consistency of Production, Cash Flow, and Costs $2,622 $1,005 $1,008 $1,482 $1,227 $677 $1,147 $1,013 $877 $1,120 $900 $894 36,469 28,717 28,323 28,089 25,687 24,391 25,206 25,428 21,572 22,583 13,299 7,444 3Q'11 4Q'11 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13 2Q'13 3Q'13 4Q'13 1Q'14 2Q'14 Gold product
Slide 57: Rising Throughput to Maximize Operating Leverage
Rising Throughput to Maximize Operating Leverage 0.24 0.21 0.18 0.20 0.20 0.19 0.17 0.26 0.23 0.23 0.23 0.18 0.24 95.9% 96.5% 96.2% 0.18 93.4% 94.1% 94.5% 96.9% 94.5% 91.7% 95.8% 94.2% 93.6% 93.0% 92.4% 159.7 163.7 147.4 149.2 121.6 123.4 129.6 129.1 128.0 116.3 105.8 97.8 71.7 43.9 1Q'11 2Q'11 3Q'1
Slide 58: Strategic Repositioning of Kensington
Strategic Repositioning of Kensington Development Raven deposit currently being developed and mined; remains open for extension Jualin developed in 2015-16 and begin mining 2017 Drilling Accelerate drilling and development of higher-grade structures including zones 10 and 20; complete resource
Slide 59: Proposed Upgrade to Ore Sorting Equipment at Kensington
Proposed Upgrade to Ore Sorting Equipment at Kensington Current process ‘rejects’ low grade development ore during the milling process Aim to keep average head grade at or above 0.18 oz/ton During 4Q 2013, Kensington participated in a pilot test of an ore sorting machine 65% reclaim rate of
Slide 60: Proposed Mill Configuration Using Ore Sorting Technology
Proposed Mill Configuration Using Ore Sorting Technology Input to Mill Total Mill Feed 1970 tpd 2000 tpd To Flotation @ 0.200 oz/t @ 0.201 oz/t 1700 tpd = 394 gold oz = 402 gold oz @ 0.229 oz/t = 389 gold oz Reclaimed Ore 90% mass removal Reject 30 tpd through ore sorting 300 tpd @ 0.260 oz/t @ 0.04
Slide 61: Kensington Opportunities
Kensington Opportunities Key Opportunities Additional minable, high-grade vein systems Accelerate mining of zones 10 & 20 in the main Kensington mine Power cost reductions Camp cost reductions NYSE: CDE 61
Slide 62: Kensington Capital Profile
Kensington Capital Profile Past and Projected Capital Expenditures 2014E Capital Expenditures Plans $100 4% $90 $80 $70 29% $60 $ in millions $50 $40 67% $30 $20 $10 Capitalized drilling Equipment $0 Other (sustaining/infrustructure-related) 2008 2009 2010 2011 2012 2013 2014E Major capital projec
Slide 63: Kensington Exploration
Kensington Exploration Lion’s Head Mountain Kensington Mine/Mill/Camp Kensington Mine Lower Slate Lake Jualin Mine Slate Creek Cove Marine Facility NYSE: CDE 63
Slide 64: Jualin Vein 4: Targeting Resource Estimate by Year-End 2014
Jualin Vein 4: Targeting Resource Estimate by Year-End 2014 Plan View Drilling is from easily accessible patented ground Portal Potential to add quickly to mine Phase 2c reserves Phase 2b Vein 4 (potential) Coeur believes the average grade at Jualin may be significantly above current average r
Slide 65: Jualin Vein 4 and 5: Sub-Surface Section View Looking North
Jualin Vein 4 and 5: Sub-Surface Section View Looking North Portal Phase 2a Phase 2b Phase 2c Vein 4 Vein 4 (model) Vein 5 (potential) NYSE: CDE 65
Slide 66: Jualin Vein 4, Section Through Pad 2
Jualin Vein 4, Section Through Pad 2 Hole Interval (Feet) Gold (opt) DDH-58 No significant results JU13-002 5.3 0.33 JU13-011 12.2 0.616 JU13-020 8.2 1.611 DDH-59 34.5 0.823 JU14-X015 14.6 5.540 Including 3.0 16.650 Including 3.6 7.550 JU14-X016 18.5 0.396 Au (opt)/Interval (feet) Including 2.0 0.72
Slide 67: Jualin Vein 4 2014 – 2015 Drilling Plan
Jualin Vein 4 2014 – 2015 Drilling Plan Remaining 2014 Surface Drilling Current Jualin Portal Surface Topography Existing holes Planned Jualin Ramp 2015 Drilling 50’ Infill Underground Jualin Vein 4 Drilling NYSE: CDE 67
Slide 68: Video: Category 2 Drilling Planned for 2015
Video: Category 2 Drilling Planned for 2015 NYSE: CDE 68
Slide 69: Kensington Looking Northeast – Zones 10/20
Kensington Looking Northeast – Zones 10/20 Hole Interval (Feet) Gold (opt) Zone 30 KX13-069 2.5 4.030 KX13-071 16.8 0.969 Including 2.5 3.066 KX13-084 13.3 1.012 2050 L Including 3.7 1.807 KX13-085 10.6 1.393 Zone 20 Including 3.0 2.739 Zone 41 K14-X02 1.7 2.850 K14-X04 4.9 0.809 K14-X04 4.6 1.385 K
Slide 70: Kensington Long Section Looking Northwest
Kensington Long Section Looking Northwest NYSE: CDE 70
Slide 71: Kensington Safety Performance
Kensington Safety Performance Total Reportable Incident Frequency Rate Highlights 2013-2014 YTD (August) 93% reduction in serious injuries in last 20 months 9.00 8.00 1 full year without a lost time injury 7.00 79% decrease in MSHA citations in last 20 months 6.00 5.00 87% decrease in worker
Slide 72: Kensington Environmental Considerations
Kensington Environmental Considerations Prevailed in a US Supreme Court case to begin mining Successfully performing against stringent standards in a sensitive area Responsible resource development has built trust with government Marine mammal monitoring and protection NYSE: CDE 72
Slide 73: Kensington Community Relations Initiatives
Kensington Community Relations Initiatives Mining provides large economic benefits to region Developed relationships of trust at state and local levels Chamber of commerce, rotary, fishing industry Community and Alaska Native outreach Local and Native training and hiring programs ─ 20% of
Slide 74: San Bartolomé
San Bartolomé Humberto Rada, President, Manquiri Frank L. Hanagarne, Jr., SVP and Chief Operating Officer Joe Phillips, SVP and Chief Development Officer Hans Rasmussen, Vice President, Exploration Bill Holder, Vice President, Health, Safety, & Loss Control James Voyles, Vice President, Environment
Slide 75: Bolivia – Cooperatives, Community & Government Relations
Bolivia – Cooperatives, Community & Government Relations ▪ Cooperatives - Strong support and relationships - Higher economic participation may be requested during any renegotiation process ▪ Community - Continued successful CSR programs prove to be the backbone of a positive relationship between Coe
Slide 76: San Bartolomé at a Glance
San Bartolomé at a Glance Location Potosi, Bolivia Ownership 100%1 Land position 4,500 acres (and 8,600 acres at Rio Blanco) Start up June 2008; Initial capex $238 million Mine type Surface Mining method Free-digging Ore processing Crushing Metal recovery Agitated leaching Final product Silver doré
Slide 77: San Bartolomé Operating and Financial Overview
San Bartolomé Operating and Financial Overview ▪ World’s largest pure silver mine ▪ Straightforward operation due to free-digging surface mining techniques (no drilling or blasting) ▪ Strong operating performance since 2008 start up ▪ Most stable asset in Coeur’s portfolio: production, cash flow, an
Slide 78: San Bartolomé Process Flowsheet
San Bartolomé Process Flowsheet Merrill Crowe Sizer Scrubber - Trommel Crusher Lixivation Tanks Furnace CCD Stacker Doré CCD Ball SagMill Mill Ball Mill CCD Thickener Fines Disposal Facility Dry Tailing Facility NYSE: CDE 78
Slide 79: San Bartolomé Cost Performance
San Bartolomé Cost Performance 2012 2013 1Q 2014 2Q 2014 Ore tons mined (in thousands) 2,576 2,922 586 864 Mining costs per ton mined $3.18 $3.41 $3.90 $3.04 Processing costs per ton processed $23 $26 $26 $25 G&A per ton processed $14 $11 $10 $9 Increased throughput from the 2013 process capacity
Slide 80: Expect Continued Stable Production and Costs Beyond 2014
Expect Continued Stable Production and Costs Beyond 2014 $15.26 $13.06 $14.14 $13.25 $13.91 $13.93 $13.85 $13.41 1.5 1.5 1.5 1.5 1.5 1.4 1.4 ounces 1.3 3Q'12 4Q'12 1Q'13 2Q'13 3Q'13 4Q'13 1Q'14 2Q'14 Silver production (millions) Costs applicable to sales per silver equivalent oz 1 $32.8 $19.8 $ in m
Slide 81: Higher Throughput Offsets Declining Grade
Higher Throughput Offsets Declining Grade Strong silver grade performance due to the screening of low-grade ore 5.4 5.4 4.9 4.6 4.1 3.9 3.9 5.6 5.2 3.9 4.3 4.2 4.0 3.8 429 424 429 452 438 368 379 372 378 391 364 375 385 344 1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13 2Q'13 3Q'13 4Q'13 1Q'1
Slide 82: Strategic Positioning of San Bartolomé
Strategic Positioning of San Bartolomé Production Maximize mining and processing rates following facility upgrades in 2H 2013 and 1H 2014 Consistency Maintain strong track record of stable operating performance and cost profile Rationalize Capital Mainly “staying the course” to Minimize sust
Slide 83: San Bartolomé Opportunities
San Bartolomé Opportunities Key Opportunities Leveraging country expertise in Bolivia Stockpile ore Nearby sources of ore Recovery of silver from screened ore NYSE: CDE 83
Slide 84: San Bartolomé Capital Profile
San Bartolomé Capital Profile Past and Projected Capital Expenditures 2014E Capital Expenditures $30 $25 3% $20 $ in millions $15 $10 97% $5 Capitalized drilling Other (sustaining/infrastructure-related) $0 2009 2010 2011 2012 2013 2014E Majority of planned capital expenditure beyond 2014 is susta
Slide 85: San Bartolomé Safety Performance
San Bartolomé Safety Performance Total Reportable Incident Frequency Rate Highlights 2012-2014 YTD (August) 5.00 97% reduction in serious injuries in last 32 4.50 months 4.00 3.50 79% reduction in severity of injuries in last 20 3.00 months 2.50 93% reduction in lost time injuries in last 20 2
Slide 86: San Bartolomé Environmental Considerations
San Bartolomé Environmental Considerations Preserving the peak of the historic Cerro Rico mountain Continuous reclamation throughout the mining process Strong regard for environmental stewardship Demonstrating accountable, transparent, and efficient environmental protection measures Standa
Slide 87: San Bartolomé Community Relations Initiatives
San Bartolomé Community Relations Initiatives Reduced operational risk through… Strategic alliances with: Bolivian mining company Cooperatives Indigenous people Effective community investment in: Sustainable Indigenous Development Plan (PDO) includes solar greenhouses, textiles, eco-tour
Slide 88: San Bartolomé Community Investments
San Bartolomé Community Investments Social Investment Education Water, sanitary Healthcare services, electricity Tourist Development Fuel complex & projects stations fish farm Clothing Livestock factory Agriculture Productive Investment NYSE: CDE 88
Slide 89: Capital Projects
Capital Projects Joe Phillips, SVP and Chief Development Officer
Slide 90: La Preciosa: Attractive Asset with Many Unique Attributes
La Preciosa: Attractive Asset with Many Unique Attributes ▪ >125 square miles of Durango contiguous mining claims ▪ Almost three times the size of Guanacevi Inde the Palmarejo District Gomez Palacio/Torreon MEXICO Pitarrilla ▪ Deposit located on 3% of land package Platosa Velardeña Coneto La Cienaga
Slide 91: La Preciosa Feasibility Study Highlights
La Preciosa Feasibility Study Highlights ▪ Declared initial proven and probable reserves; Increased Companywide silver and gold reserves by 50% and 10%, respectively ▪ 6% decrease in projected initial capital expenditures compared to the July 2013 Preliminary Economic Assessment (PEA) to $307 millio
Slide 92: La Preciosa Exploration Program
La Preciosa Exploration Program Additional Drilling and Sampling Planned in Evaluated Areas NYSE: CDE 92
Slide 93: Exploration Targets Represent Further Optimization Potential
Exploration Targets Represent Further Optimization Potential Initiatives Underway Sample remaining drilled ore to determine if a heap leach resource is present - Metallurgical testwork needed to determine if recoverable - Could improve strip ratio Deeper drilling to look for higher-grade mineral
Slide 94: La Preciosa Feasibility Study Added Significant Reserves per Share
La Preciosa Feasibility Study Added Significant Reserves per Share 600 534.0 500 450.6 ounces in millions 384.5 400 352.9 339.7 324.6 300 200 140.1 159.9 112.8 100 0 YE 2011 YE 2012 YE 2013 (Pre-La Preciosa Feasibility) AgEq P&P Reserves AgEq M&I Resources AgEq Inferred Resources YE 2011 YE 2012 YE
Slide 95: Joaquin Silver-Gold Project in Santa Cruz Province of Argentina
Joaquin Silver-Gold Project in Santa Cruz Province of Argentina ▪ Consolidated ownership by acquiring remaining 49% interest in December 2012 ▪ Positive results from initial metallurgical tests – low strip ratio Huracan - Tornado and simple metallurgy Lejano - Cisne ▪ Coeur already has experience op
Slide 96: Capital Projects Approval Process
Capital Projects Approval Process Identification Selection Definition Implementation ▪ Define project problem and minimum scope; determine appropriate budget Manage Demand ▪ Propose and screen projects; compare options using standardized approach for Capital ▪ Assessment requires rigorous financial
Slide 97: Capital Expenditures Significantly Reduced
Capital Expenditures Significantly Reduced Past and Projected Capital Expenditures 2014E Capital Expenditures Plans $400 10% $320 4% $240 54% $ in millions $160 31% $80 Guadalupe development $0 Capitalized drilling Equipment Other (sustaining/infrustructure related) ▪ No major capital projects in pr
Slide 98: Exploration
Exploration Hans Rasmussen, Vice President, Exploration
Slide 99: AgEq Reserve Growth at Year-End 2013 Versus Year-End 2012
AgEq Reserve Growth at Year-End 2013 Versus Year-End 2012 124% 54% (Post-LP Feasibility) 17% 15% (Pre-LP Feasibility)) 2% SSRI EDR FVI -2% FR CDE HL PAAS -45% -69% Proven and probable reserves as most recently reported on applicable corporate website. Coeur mineral reserves effective December 31, 20
Slide 100: Exploration Priorities
Exploration Priorities Geography North and South America New versus Existing Areas 60% Brownfield / 40% Greenfield Budget Allocation Create balanced pipeline of current, Success-Based Approach near-term, and future production potential Quality versus Quantity Seek Low-Cost Ounces – High Valu
Slide 101: Junior Mining Relationships an Extension of Exploration Program
Junior Mining Relationships an Extension of Exploration Program ▪ Junior mining sector struggling due to weak metal prices and lack of access to capital ▪ Opportunity for Coeur to receive favorable pricing on access to potential discoveries in politically stable jurisdictions ▪ Strategic Investments
Slide 102: Participation in Ownership of Junior Companies
Participation in Ownership of Junior Companies Pershing Gold Nevada, USA Huldra Silver Canada Commonwealth Silver and Gold Arizona, USA Idaho North Nevada Silver Bull Resources Mexico International Northair Mines Mexico Soltoro Mexico Orex Minerals Mexico Apogee Silver Caracara Silver Bolivia Peru E
Slide 103: Mexico Exploration Focus 2014-2015
Mexico Exploration Focus 2014-2015 Focus on stable, mining-friendly jurisdictions: Mexico, with certain states being strongly preferred - Because of geological potential and ability to work Mexican Silver Belt - From Guanajuato in the south to Chihuahua in the north Nearby States - Sonora, S
Slide 104: Nevada Targets 2014-2015
Nevada Targets 2014-2015 ROCHESTER Wonder Storm Tonopah Pioche Four areas selected in 2014 All have silver or gold focus All have prior drilling NYSE: CDE 104
Slide 105: Corporate Development & Coeur Capital
Corporate Development & Coeur Capital Mike Harrison, Vice President, Corporate Development
Slide 106: Business Profile and External Growth Strategy
Business Profile and External Growth Strategy Seeking to Create Balanced Pipeline of High-Return, Low-Risk Precious Metals Assets to Supplement Existing Asset Portfolio and Maximize Net Cash Flow Internal Pipeline External Pipeline Early Stage Development Acquisition Operating Assets Coeur Capital E
Slide 107: Returns-Driven Approach to Corporate Development
Returns-Driven Approach to Corporate Development Priorities Strategy Expected IRR > cost of capital Reduce overall cost structure and increase free cash flow Prefer assets that are immediately accretive to earnings / provide Leverage existing infrastructure and near-term cash flow resources
Slide 108: Acquisition Landscape
Acquisition Landscape Producer Acquisitions Project Company Acquisitions Pros: Immediate cash flow Pros: discounted Cons: Likely dilutive given Near-Mine valuation, large project current multiples Acquisitions size Certainty Con: development and Pros: Use existing financing risk, technical Strategic
Slide 109: Coeur Capital Offers Attractive Business Model
Coeur Capital Offers Attractive Business Model Royalties and streams generally have higher margin, less volatile cash flow Scalable business model Enhances Coeur’s Requires no capital expenditures, no exploration expense, and minimal G&A expenses Cash Flow Provides additional diversification
Slide 110: Coeur Capital Overview
Coeur Capital Overview Added two development stage royalties in 2014 Cash-Flowing Royalties/Streams 2.5% NSR on La Cigarra project was created and Endeavor Mine (Australia) purchased for $4.0 million Mine Type Underground lead/zinc/silver mine Operator Toho Zinc 3% NSR on La Preciosa held by a t
Slide 111: Financial Review
Financial Review Peter C. Mitchell, SVP & Chief Financial Officer
Slide 112: Summary Financial Performance
Summary Financial Performance in millions 2011 2012 2013 1Q 2014 2Q 2014 Revenue $1,021.2 $895.5 $746.0 $159.6 $164.6 Costs applicable to sales1 419.5 454.6 463.7 106.9 118.7 Exploration 19.1 26.3 22.4 4.2 5.2 General & administrative 31.4 33.0 55.3 13.9 9.4 Cash flow from operating activities 416.2
Slide 113: Well-Capitalized with Financial Flexibility and Low Net Debt
Well-Capitalized with Financial Flexibility and Low Net Debt Liquidity $269.1 $47.6 Balance Sheet Strategy Net Debt = $163.3 Flexibility and simplicity 3x maximum total debt leverage Debt $468.6 $11.6 Avoid maintenance covenants/secured financings to the extent possible $0 $100 $200 $300 $400
Slide 114: G&A Expenses Trending Down
G&A Expenses Trending Down G&A as % of Sales: Last 6 Quarters General & Administrative Expenses $60 13.6% $50 11.1% 9.3% $40 $ in millions 7.4% 7.3% $30 5.4% $20 2.3% $10 $0 SSRI HOC FR HL CDE SLW PAA 2011 2012 2013 2014E ▪ Investments in administrative infrastructure have increased G&A compared to
Slide 115: Overall Cost Position at About the Median in the Peer Group
Overall Cost Position at About the Median in the Peer Group 2013 Costs Applicable to Sales ($/AgEq oz) 2013 All-In Sustaining Costs ($/AgEq oz) $15.20 $14.04 $13.93 $13.85 $13.26 $20.96 $20.77 $19.90 $19.83 $19.68 $11.88 $18.00 $15.68 $9.04 HOC EDR PAAS CDE SSRI HL FR PAAS EDR HOC CDE SSRI HL FR Str
Slide 116: The Path Ahead: Repositioned to Drive Greater Value and Free Cash Flow
The Path Ahead: Repositioned to Drive Greater Value and Free Cash Flow Revenue Enhancements Cost Reductions Value-driving expansion at Rochester Lower CAS per AgEq ounce Higher grades at Palmarejo and Kensington Lower AISC1 per AgEq ounce Ore-sorting technology at Kensington Lower genera
Slide 117: Cash Flow Protection Strategy
Cash Flow Protection Strategy Coeur maintains a targeted cash flow protection program with the following objectives: Maintain simplicity Protect downside metal price exposure while retaining the upside potential Purchase put options to protect some of expected production against a sharp drop
Slide 118: Capital Allocation Philosophy
Capital Allocation Philosophy Reinvesting in the business remains the highest expected return use of capital Stock repurchase Increases ownership % for stockholders without tax implications More flexible; enables opportunistic means of returning capital Improves earnings metrics More eas
Slide 119: Tax Rates by Jurisdiction
Tax Rates by Jurisdiction Coeur has NOLs of $223 million and AMT NOLs of $92 million available in the U.S. as of June 30, 2014 Corporate Tax Rates United States Mexico Bolivia Australia Argentina Corporate Statutory Tax 35% 30% 25% 30% 35% Rate Mining Tax -- 7.5%1 7.5% -- -- Withholding Tax Rates Ca
Slide 120: Maintaining 2014 Guidance
Maintaining 2014 Guidance Silver Production Gold Production 7,603 6,850 Ounces in thousands 5,941 5,850 114,821 109,500 116,536 4,250 87,000 Ounces 2,799 40,000 30,860 669 550 Palmarejo San Bartolomé Rochester Endeavor Kensington Palmarejo Rochester 2013 Actual 2014 Guidance Midpoint 2013 Actual 201
Slide 121: Closing
Closing Mitchell J. Krebs, President, CEO and Director
Slide 122: Key Near-Term Goals – Coeur in 2017
Key Near-Term Goals – “Coeur in 2017” Credible & Consistent Value Creating Risk Management Performance Growth 15% reduction in AISC POA 10 driving Rochester Industry-leading safety versus 2013 growth with additional programs & performance expansion in progress Pioneering community & Significant incr
Slide 123: Near-Term Items to Watch
Near-Term Items to Watch…… Resource estimate for Jualin and new mine plan at Kensington early 2015 Continued ramp up of production at Rochester and progress of POA 10 expansion plans Production start and ramp up at Guadalupe and the transition to an underground-only operation Further cost reductions
Slide 124: Silver Fundamentals
Silver Fundamentals
Slide 125: Silver Supply & Demand Overview
Silver Supply & Demand Overview World Silver Supply World Silver Demand Industrial Applications Photography Mine Production Net Government Sales Jewelry Silverware Scrap Net Producer Hedging Coins & Medals Producer De-Hedging 1,200 1,200 1,000 1,000 800 800 Million ounces Million ounces 600 600 400
Slide 126: Update on Silver End Market Demand
Update on Silver End Market Demand 2003 2013 Net Investment Producer 4% De-hedging 2% Investment Jewelry & Industrial Net 22% Silverware 42% Producer Industrial 31% De-hedging 48% Jewelry & 4% Silverware Photography 22% 22% Photography 4% Practical Applications of Silver Solar panels Jet engines
Slide 127: Appendix
Appendix
Slide 128: Non-GAAP to U.S. GAAP Reconciliation
Non-GAAP to U.S. GAAP Reconciliation (unaudited) Adjusted EBITDA LTM LTM LTM LTM Adjusted EBITDA Reconciliation ($ in thousands) 6/30/14 3/31/14 12/31/13 9/30/13 Net income (loss) ($708,105) ($700,024) ($650,563) ($31,485) Interest expense, net of capitalized interest 46,006 44,625 41,303 34,915 Int
Slide 129: Non-GAAP to U.S. GAAP Reconciliation
Non-GAAP to U.S. GAAP Reconciliation (unaudited) Costs Applicable to Sales Silver Gold (dollars in thousands except per ounce costs) San Total three months ended June 30, 2014 Palmarejo Rochester Endeavor Total Kensington Bartolomé Costs applicable to sales, including amortization (U.S. GAAP) $67,59
Slide 130: Non-GAAP to U.S. GAAP Reconciliation
Non-GAAP to U.S. GAAP Reconciliation (unaudited) Costs Applicable to Sales Silver Gold (dollars in thousands except per ounce costs) San Total Three months ended December 31, 2013 Palmarejo Rochester Endeavor Total Kensington Bartolomé Costs applicable to sales, including amortization (U.S. GAAP) $7
Slide 131: Non-GAAP to U.S. GAAP Reconciliation
Non-GAAP to U.S. GAAP Reconciliation (unaudited) Costs Applicable to Sales Silver Gold (dollars in thousands except per ounce costs) San Total Three months ended June 30, 2013 Palmarejo Rochester Endeavor Total Kensington Bartolomé Costs applicable to sales, including amortization $90,602 $37,639 $2
Slide 132: Non-GAAP to U.S. GAAP Reconciliation
Non-GAAP to U.S. GAAP Reconciliation (unaudited) Costs Applicable to Sales Silver Gold (dollars in thousands except per ounce costs) San Total Three months ended December 31, 2012 Palmarejo Rochester Endeavor Total Kensington Bartolomé Costs applicable to sales, including amortization $72,307 $19,24
Slide 133: Non-GAAP to U.S. GAAP Reconciliation
Non-GAAP to U.S. GAAP Reconciliation (unaudited) All-In Sustaining Costs in thousands except per ounce costs 2Q 2014 1Q 2014 FY 2013 4Q 2013 3Q 2013 2Q 2013 1Q 2013 FY 2012 Costs applicable to sales, including $159,036 $146,125 $691,680 $163,701 $191,568 $198,966 $137,445 $669,949 amortization (U.S.
Slide 134: Kensington – Significant 2014 Assays (Cat 2)
Kensington – Significant 2014 Assays (Cat 2) KENSINGTON, ALASKA, USA Category 2 Mineralized Interval (Feet) Assays (ounces/short ton) Hole I.D. From To Thickness Estimated True Au Foot-Ounces Jualin JU13-009 956.0 961.8 5.8 3.6 0.105 0.6 JU13-011 159.0 162.0 3.0 2.3 0.198 0.594 272.0 277.0 5.0 3.8 0
Slide 135: Kensington – Significant 2014 Assays (Cat 2) continued
Kensington – Significant 2014 Assays (Cat 2) continued Mineralized Interval (Feet) Assays (ounces/short ton) Hole I.D. From To Thickness Estimated True Au Foot-Ounces Jualin JU14-X001 1454.0 1457.0 3.0 2.5 1.180 3.54 JU14-X002 1323.0 1331.0 8.0 7.3 0.259 2.07 JU14-X003 1051.1 1055.0 3.9 3.4 0.257 1.
Slide 136: Kensington – Significant 2014 Assays (Cat 2) continued
Kensington – Significant 2014 Assays (Cat 2) continued NYSE: CDE 136
Slide 137: Kensington – Significant 2014 Assays (Cat 2) continued
Kensington – Significant 2014 Assays (Cat 2) continued Mineralized Interval (Feet) Assays (ounces/short ton) Hole I.D. From To Thickness Estimated True Au Foot-Ounces Zone 10 / Zone 20 KX13-072 186.0 190.0 4.0 3.3 0.222 0.89 578.0 590.0 12.0 9.9 0.474 5.68 including 578.0 582.0 4.0 3.3 1.022 4.09 60
Slide 138: Kensington – Significant 2014 Assays (Cat 2) continued
Kensington – Significant 2014 Assays (Cat 2) continued Mineralized Interval (Feet) Assays (ounces/short ton) Hole I.D. From To Thickness Estimated True Au Foot-Ounces Zone 10 / Zone 20 K14-1170-095-X03 81.0 85.0 4.0 3.6 0.457 1.83 292.0 296.5 4.5 4.0 0.587 2.64 697.0 701.0 4.0 3.6 0.181 0.72 732.7 7
Slide 139: Kensington – Significant 2014 Assays (Cat 2) continued
Kensington – Significant 2014 Assays (Cat 2) continued Notes: 1. Drill intercepts from 5,064 assays from full and half HQ and NQ core for infill holes, samples prepared at Kensington Mine, Juneau, AK, and at ALS-Chemex Labs, Reno, NV with final sample preparation to pulp and analyses at ALS- Chemex
Slide 140: Kensington – Significant 2014 Assays (Cat 3)
Kensington – Significant 2014 Assays (Cat 3) KENSINGTON, ALASKA, USA Category 3 Mineralized Interval (Feet) Assays (ounces/short ton) Hole I.D. From To Thickness Estimated True Au Foot-Ounces Zone 10 / Zone 20 KX13-050 220.6 225.0 4.4 3.3 0.105 0.46 296.0 300.0 4.0 3.0 1.048 4.19 KX13-051 321.5 329.
Slide 141: Kensington – Significant 2014 Assays (Cat 3) continued
Kensington – Significant 2014 Assays (Cat 3) continued Mineralized Interval (Feet) Assays (ounces/short ton) Hole I.D. From To Thickness Estimated True Au Foot-Ounces Zone 10 / Zone 20 KX13-064 374.6 377.5 2.9 2.5 0.204 0.6 397.5 399.5 2.0 1.7 0.549 1.1 530.0 532.5 2.5 2.1 0.153 0.4 556.5 559.5 3.0
Slide 142: Kensington – Significant 2014 Assays (Cat 3) continued
Kensington – Significant 2014 Assays (Cat 3) continued Mineralized Interval (Feet) Assays (ounces/short ton) Hole I.D. From To Thickness Estimated True Au Foot-Ounces Notes: Zone 10 / Zone 50 1. Drill intercepts from 1,057 assays from full and half HQ and NQ core for infill K14-0520-095-X04 105.5 10
Slide 143: Coeur’s Mineral Reserves
Coeur’s Mineral Reserves Grade (oz/ton) Ounces (contained) Location Short tons Silver Gold Silver Gold Proven Reserves Rochester Nevada, USA 132,188,000 0.53 0.004 69,915,000 551,000 Martha Argentina - - - - - San Bartolomé Bolivia 1,206,000 2.87 - 3,456,000 - Kensington Alaska, USA 309,000 - 0.269
Slide 144: Coeur’s Measured and Indicated Mineral Resources
Coeur’s Measured and Indicated Mineral Resources (Excluding Reserves) Grade (oz/ton) Ounces (contained) Location Short tons Silver Gold Silver Gold Measured Resources Rochester Nevada, USA 66,190,000 0.45 0.003 29,860,000 186,000 Martha Argentina — — — — — San Bartolomé Bolivia — — — — — Kensington
Slide 145: Coeur’s Inferred Mineral Resources
Coeur’s Inferred Mineral Resources Grade (oz/ton) Ounces (contained) Location Short tons Silver Gold Silver Gold Inferred Resources Rochester Nevada, USA 37,365,000 0.62 0.003 23,295,000 101,000 Martha Argentina 204,000 4.75 0.005 969,000 1,000 San Bartolomé Bolivia 3,683,000 1.26 — 4,638,000 — Kens
Slide 146: Strategic Investments
Strategic Investments Apogee Silver (Pulacayo-Paca project, Bolivia and Cachinal project, Chile; 6.4% ownership interest): Environmental Impact Assessment approved by Bolivia’s Ministry of Environment and Water Caracara Silver (Princesa project, Peru; 3.2% ownership interest): 3,049 meter dr
Slide 147: Executive Leadership
Executive Leadership Mitchell J. Krebs – President and Chief Executive Officer. Mr. Krebs joined Coeur in 1995 after spending several years in the investment banking industry in New York. Mr. Krebs has held various positions in the corporate development department, including Senior Vice President of
Slide 148: 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 boa
Slide 149: Contact Information
Contact Information Corporate Office: Coeur Mining, Inc. 104 S. Michigan Ave, Suite 900 Chicago, Illinois 60603 Main Tel: (312) 489-5800 Stock Tickers: CDE: NYSE Warrant Tickers: CDE.WS: NYSE; CDM.WT: TSX Website: coeur.com NYSE: CDE 149