Coeur Mining, Inc. · NYSE:CDE
Coeur Mining — Shareholder Meeting (April 2024)
41 slides from Coeur Mining's shareholder meeting presentation, Apr 24, 2024
Slide 1: 2024 Proxy Statement Highlights
NYSE: CDE 2024 Proxy Statement Highlights April 2024
Slide 2: Cautionary Statements
Cautionary Statements NYSE: CDE NYSE: CDE 2 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, environmental, social and governance (“ESG”) ini
Slide 3: Cautionary Statements: Mineral Reserves and Resources
Cautionary Statements NYSE: CDE NYSE: CDE 2 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. repor
Slide 4: Cautionary Statements
Cautionary Statements NYSE: CDE NYSE: CDE 2 In connection with the solicitation of proxies, Coeur filed with the SEC and mailed to stockholders a definitive proxy statement dated April 4, 2024 (the “Proxy Statement”). The Proxy Statement contains important information about Coeur and its 2024 Annual
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: 2024 Annual Stockholders' Meeting Voting Matters
2024 Annual Stockholders’ Meeting 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 2024 FOR 3
Slide 7: Company Overview
NYSE: CDE 7 NYSE: CDE Company Overview Note: See slides in appendix for additional information related to mineral reserves and resources. (1) As of March 20, 2024. As of April 19, 2024. ADTV = Average Daily Trading Volume. Data Observed over a 90-day trading period. As of December 31, 2023. Guidance
Slide 8: Human Capital Management and Culture
NYSE: CDE 8 NYSE: CDE Human Capital Management and Culture Based on 2023 Culture Survey results. Diversity data as of December 31, 2023.
Slide 9: Recent ESG Accomplishments
NYSE: CDE 9 NYSE: CDE Recent ESG Accomplishments (1) Source(s): U.S. Department of Labor Mine Safety and Health Administration (MSHA): Metal Operators Mine Safety and Health Statistics; Coeur average 0.17 injuries per 200,000 employee-hours worked vs. Industry average 1.31. (2) For more information
Slide 10: Qualified, Diverse Board Nominees
Qualified, Diverse Board Nominees We believe our Board should possess a combination of skills, professional experience and diversity of viewpoints to effectively oversee our business. Eight of nine director nominees are independent NYSE: CDE NYSE: CDE 10
Slide 11: Qualified, Diverse Board Nominees (cont.)
Qualified, Diverse Board Nominees (cont.) NYSE: CDE NYSE: CDE 10
Slide 12: Qualified, Diverse Board Nominees (cont.)
Qualified, Diverse Board Nominees (cont.) NYSE: CDE NYSE: CDE 10
Slide 13: Governance & Executive Comp. Continuous Improvement
Governance & Executive Comp. Continuous Improvement Corporate Governance Highlights and Best Practices Ongoing Evolution of Executive Compensation Program NYSE: CDE NYSE: CDE 10
Slide 14: 2023 Performance Highlights
2023 Performance Highlights In 2023, Coeur was once again a leader among peers in key safety performance metrics, delivered strong operating results and continued to navigate the impacts of inflation on costs and profitability. The Company also completed construction of the expansion project at Roch
Slide 15: 2023 Executive Compensation Philosophy
2023 Executive Compensation Philosophy Drive performance against critical strategic goals designed to create long-term stockholder value Pay our executives at a level and in a manner that attracts, motivates and retains top talent NYSE: CDE NYSE: CDE 10
Slide 16: 2023 Executive Compensation Practices
2023 Executive Compensation Practices NYSE: CDE NYSE: CDE 10
Slide 17: 2023 CEO Compensation Tied to Stockholder Returns
2023 CEO Compensation Tied to Stockholder Returns AIP 24% Restricted Stock 23% Base Salary 19% Performance Shares 34% 57% of compensation linked to stock performance NYSE: CDE NYSE: CDE 10 (Based 100% on Company Performance)
Slide 18: 2023 Compensation Results Aligned with Performance
2023 Compensation Results Aligned with Performance NYSE: CDE NYSE: CDE 10
Slide 19: 2023 Compensation Results Aligned with Performance (cont.)
2023 Compensation Results Aligned with Performance (cont.) NYSE: CDE NYSE: CDE 10
Slide 20: 2023 Executive Compensation – Realized Pay
2023 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: Continued Strong Stockholder Engagement in 2023
Continued Strong Stockholder Engagement in 2023 NYSE: CDE NYSE: CDE 10
Slide 22: Risk Oversight
Risk Oversight NYSE: CDE NYSE: CDE 10
Slide 23: ESG Highlights
ESG Highlights
Slide 24: 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 25: Continued Focus on People and Culture
Continued Focus on People and Culture Creative Talent Acquisition 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 Development of Key Talent P
Slide 26: Robust Succession Planning & Employee Development
Robust Succession Planning & Employee Development Continued Focus on People and Culture (cont.) We conduct robust succession planning throughout the entire organization each year through specific talent diagnostics and evaluation of skill development needs. Leadership reviews action plans and facili
Slide 27: Industry-Leading Safety Performance
NYSE: CDE 27 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 (1) Source(s): U.S. Department of Labor Mine Safety and Health Administration (MSHA): Metal Operators Mine Safet
Slide 28: Precious Metals Are Coeur to Everyday Life
Precious Metals Are Coeur to Everyday Life Medical Devices COVID-19 diagnostic test kits, pacemakers, CAT scan equipment and others Electronics Nanotechnology and touch screen monitors Electrification Devices Batteries and solar panels Transportation GPS technology and catalytic converters in motor
Slide 29: Formal Adoption of GISTM
Formal Adoption of GISTM To increase transparency into tailings management at Coeur and to bolster existing management practices and governance systems, the Company is implementing the Global Industry Standard on Tailings Management (GISTM) Key Highlights Only 17 percent of industry non-Internationa
Slide 30: GISTM Roadmap
2024 – 2027 Q3 2023 Q3 2022 - Q2 2023 Q4 2020 - Q1 2021 External developments driven by catastrophic tailings facility failures Internal monitoring and evaluation phase GISTM implementation planning and decision point for the Company Coeur’s four-year GISTM implementation timeline for most Requireme
Slide 31: Appendix
Appendix
Slide 32: Reserves and Resources
Reserves and Resources NYSE: CDE NYSE: CDE 32 2023 Proven and Probable Mineral Reserves Grade Contained Location Short tons Gold (oz/t) Silver (oz/t) Gold (oz) Silver (oz) PROVEN RESERVES Palmarejo Mexico 4,203,000 0.060 4.21 252,000 17,698,000 Rochester Nevada, USA 465,919,000 0.002 0.38 1,135,000
Slide 33: Reserves and Resources (cont.)
Reserves and Resources (cont.) NYSE: CDE NYSE: CDE 32 2023 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 5,674,000 0.070 4.5
Slide 34: Reserves and Resources (cont.)
Reserves and Resources (cont.) NYSE: CDE NYSE: CDE 32 2023 Inferred Mineral Resources Grade Contained Location Short tons Gold (oz/t) Silver (oz/t) Zinc (%) Lead (%) Gold (oz) Silver (oz) Zinc (lbs) Lead (lbs) INFERRED RESOURCES Palmarejo Mexico 4,207,000 0.091 4.50 381,000 18,933,000 Rochester Neva
Slide 35: Reserves and Resources (cont.) Notes to 2023 Mineral Reserves
Reserves and Resources (cont.) NYSE: CDE NYSE: CDE 32 Notes to 2023 Mineral Reserves: The Mineral Reserve estimates are current as of December 31, 2023 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.
Slide 36: Reserves and Resources (cont.) Notes to 2023 Mineral Resources
Reserves and Resources (cont.) NYSE: CDE NYSE: CDE 32 Notes to 2023 Mineral Resources: Mineral Resource estimates are reported exclusive of Mineral Reserves, are current as of December 31, 2023, and are reported using definitions in SK1300 on a 100% ownership basis. Mineral Resource estimates were p
Slide 37: Reserves and Resources (cont.) Notes to 2023 Mineral Resources (cont.)
Reserves and Resources (cont.) NYSE: CDE NYSE: CDE 32 Notes to 2023 Mineral Resources (cont.): Wilco 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
Slide 38: Executive Leadership
Executive Leadership NYSE: CDE NYSE: CDE 32 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 divestitur
Slide 39: Board of Directors
NYSE: CDE NYSE: CDE 39 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
Slide 40: Board of Directors (cont.)
Board of Directors (cont.) NYSE: CDE NYSE: CDE 40 Jeane L. Hull – Ms. Hull has over 35 years of mining operational leadership and engineering experience, most notably holding the positions of Chief Operating Officer for Rio Tinto plc at the Kennecott Utah Copper Mine and Executive Vice President and
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 NYSE: CDE NYSE: CDE 40