Coeur Mining, Inc. · NYSE:CDE

Coeur Mining — Q2 2018 Earnings Presentation

74 slides from Coeur Mining's earnings presentation, Jul 26, 2018

  1. Slide 1: Second Quarter Earnings

    2018 Second Quarter Earnings 11:00am ET, July 26, 2018 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 company strategies, expectations regarding environmental, social and governance (“ESG”) initiatives, production, co

  3. Slide 3: Quarter in Review

    Quarter in Review NYSE: CDE 3 JC 2016

  4. Slide 4: Second Quarter 2018 Highlights

    Second Quarter 2018 Highlights • Continued strength at Palmarejo drives companywide performance – Silver equivalent1 production of 4.1 million ounces, 40% higher year-over-year – Third consecutive quarter of adjusted costs applicable to sales (“CAS”) per average spot silver equivalent ounce (“AgEqOz

  5. Slide 5: Summary of Results

    Summary of Results ($M, except per share amounts) 2Q 2018 1Q 2018 QoQ Δ 2Q 2017 YoY Δ Silver ounces sold (M oz) 3.2 3.2 1% 2.7 19% Gold ounces sold (oz) 94,455 87,153 8% 86,194 10% Revenue $170.0 $163.3 4% $149.5 14% Costs applicable to sales $108.2 $99.3 9% $102.2 7% Exploration expense $6.4 $6.7 (

  6. Slide 6: Higher Quarterly Production Driven By Palmarejo

    Higher Quarterly Production Driven By Palmarejo Companywide Production 10.8 8.6 8.8 7.7 8.3 118,756 93,293 94,052 82,819 85,383 3.7 3.0 3.2 3.2 2.7 2Q 2017 3Q 2017 4Q 2017 1Q 2018 2Q 2018 AgEqOz1 production (M oz) Silver production (M oz) Gold production (oz) 16% Year-Over-Year Production Growth Dri

  7. Slide 7: Sales Mix Reflects Balanced, High-Quality Portfolio

    Sales Mix Reflects Balanced, High-Quality Portfolio Revenue during the quarter reflects the Company’s strategy of developing a balanced and high-quality portfolio of precious metal mines in geopolitically sound jurisdictions 2Q 2018 Metal Sales by Asset 2Q 2018 Metal Sales by Geography (% of revenue

  8. Slide 8: Coeur's Capital Allocation Framework

    Coeur’s Capital Allocation Framework Mining is capital intensive and requires a disciplined approach to capital allocation with a view toward long-term reserve replacement and growth  Reflects the Company’s values Safety / Environment / −  Mitigates risk for stakeholders Sustainability  Establish

  9. Slide 9: Continued Focus on Silvertip's Operational Ramp-Up

    Continued Focus on Silvertip’s Operational Ramp-Up Coeur remained focused on ramping up operations at its new Silvertip mine. Commercial production is expected to commence during the third quarter 1H investment total: $49M 2Q investment total: $26M • Pre-commercial operating expenses: $22.0M • Pre-c

  10. Slide 10: Exploration at Silvertip Delivers Positive Results

    Exploration at Silvertip Delivers Positive Results Highlights: • 44,500 meters (146,000 feet) drilled during initial campaign • At Central Zone, continuity of mineralization confirmed while thicknesses and grades have exceeded early interpretations • Drilling at both Discovery Zone and Silver Creek

  11. Slide 11: Palmarejo Validates Near-Mine Exploration Philosophy

    Palmarejo Validates Near-Mine Exploration Philosophy Exploration at Palmarejo continues to drill new, high-grade discoveries near existing infrastructure with encouraging results • Resource conversion and expansion at Guadalupe and Independencia Mines; two to three drill rigs active in 1H 2018 • Nac

  12. Slide 12: Kensington Exploration Continues High-Grade Focus

    Kensington Exploration Continues High-Grade Focus Drilling at Kensington has remained focused on both upgrading resources, as well as discovery and expanding high-grade veins • Resource infill and expansion at Kensington Main – Continued expansion Blocks M and L in lower Kensington – Underway in 2H,

  13. Slide 13: Re-Scoped Mine Plan Doubles Rochester's NAV

    Re-Scoped Mine Plan1 Doubles Rochester’s NAV A re-scoped mine plan and PEA incorporates the positive economic impact expected from the potential addition of HPGR technology to Rochester’s crushing circuit beginning in early 2019 2017 TR 2018 PEA Highlights of Expected HPGR Impact Mine Life 2031 2038

  14. Slide 14: Site Map of Rochester and Planned Expansion

    Site Map of Rochester and Planned Expansion Highlights: • Initial phase includes upgrading the existing X-Pit crushing facility later during the year – Smaller N-Pit crushing facility will be simultaneously decommissioned by year-end – Installation of first HPGR unit planned for 1Q 2019 • Second pha

  15. Slide 15: Costs Down YoY Despite Capital Expenditures Shift

    Costs Down YoY Despite Capital Expenditures Shift Companywide all-in sustaining costs (“AISC”)1 were lower year-over-year and comparable to 1Q despite the ongoing shift from development to sustaining capital expenditures at Palmarejo and Kensington Companywide Adj. AISC1 and Sustaining Capital Compa

  16. Slide 16: Near-Mine Exploration Maintains Accelerated Pace

    Near-Mine Exploration Maintains Accelerated Pace As a result of continued near-mine exploration successes, Coeur has increased its full-year exploration expense guidance. Focus remains on the programs at Palmarejo, Kensington and Silvertip Total Exploration Spend 2018E3 Exploration Investment ($M) $

  17. Slide 17: Looking Ahead

    Looking Ahead • Silvertip – Commercial production expected to begin in the third quarter – Updated NI 43-101 Technical Report anticipated later in the year – Milling rates anticipated to climb to 1,000 tonnes (1,100 tons) per day in 1Q 2019 • Rochester – Crusher enhancements expected to begin in 4Q

  18. Slide 18: 2018 Guidance

    2018 Guidance1 2018 Production Outlook Silver (K oz) Gold (oz) Zinc (K lbs) Lead (K lbs) AgEqOz2 (K oz) Palmarejo 7,500 – 7,900 115,000 – 120,000 - - 14,400 – 15,100 Rochester 4,200 – 4,700 45,000 – 50,000 - - 6,900 – 7,700 Kensington - 115,000 – 120,000 - - 6,900 – 7,200 Wharf - 85,000 – 90,000 - -

  19. Slide 19: ESG Highlights

    ESG Highlights NYSE: CDE 19 JC 2016

  20. Slide 20: ESG – We Pursue a Higher Standard

    ESG – We Pursue a Higher Standard Our ESG programs are a critical component of our long-term strategy, risk management and value-creation efforts. To demonstrate this commitment, we focus on the following areas, among others: Environment We protect the environment Areas of focus include: through res

  21. Slide 21: ESG – We Pursue a Higher Standard

    ESG – We Pursue a Higher Standard Community We support and foster support Areas of focus include: from the communities where we • Encouraging local and regional employment opportunities operate • Providing positive direct and indirect financial impact on local and regional economies • Investing in m

  22. Slide 22: ESG – We Pursue a Higher Standard

    ESG – We Pursue a Higher Standard Governance We maintain first-tier corporate Areas of focus include: governance practices, • Constituting an independent, engaged, and diverse Board with highly demonstrated by our relevant skill sets and backgrounds Governance rating in the • Providing stockholder-a

  23. Slide 23: ESG Newsworthy Notes

    ESG Newsworthy Notes A Reel Winner Community Education is Key Silvertip sponsored, Hooked During the 28th annual Gold Rush on Miracles, an annual fishing Days, Kensington employees tournament that benefits volunteered, participated and British Columbia's Children’s helped educate the Juneau Hospital

  24. Slide 24: Executive Compensation and Governance

    Executive Compensation and Governance NYSE: CDE 24 JC 2016

  25. Slide 25: Significantly Improved Corporate Governance Profile

    Significantly Improved Corporate Governance Profile Corporate Governance Enhancements Since 2010 2010 2018 Independent Board Chairman X ✔ Entire Board of Directors is independent other than CEO X ✔ Gender diversity on the Board X ✔ Majority voting standard for uncontested Director elections X ✔ Robu

  26. Slide 26: 2017 CEO Compensation Tied to Stockholder Returns

    2017 CEO Compensation Tied to Stockholder Returns 60% of compensation linked to stock performance (Based 100% on Company Performance) NYSE: CDE 26 JC 2016

  27. Slide 27: 2018 Incentive Plan Aligned with Strategic Objectives

    2018 Incentive Plan Aligned with Strategic Objectives TRIFR1 % Reduction (with potential modifier PROTECT for top/bottom quartile performance vs. top tier U.S. metals companies) AIP2 15% % Reduction in Significant Spills DEVELOP Three-Year Growth in Reserves and PSU3 50% Measured & Indicated Resourc

  28. Slide 28: Diverse Board Led by Independent Chair

    Diverse Board Led by Independent Chair • Nine out of ten Directors are independent (all except CEO); all four main committees comprised of independent directors only • Two new directors appointed in February 2018 having skills and experiences that complement other directors • Balance of newer and lo

  29. Slide 29: Appendix

    Appendix NYSE: CDE 29 JC 2016

  30. Slide 30: Industry-Leading Safety Performance

    Industry-Leading Safety Performance In 2017, Coeur achieved the National Mining Association CORESafety certification Since 2012, the Company’s injury frequency rates are significantly below industry averages Lost-Time Injury Frequency Rate Total Reportable Injury Frequency Rate Industry average1 Ind

  31. Slide 31: Impact of Select U.S. Tax Reforms

    Impact of Select U.S. Tax Reforms Recent U.S. tax reform is not expected to meaningfully impact near-term cash flows. In the long-term, Coeur expects to benefit from these reforms Once U.S. NOLs are used, Coeur expects to benefit Lower statutory corporate tax rate from a lower tax rate on future tax

  32. Slide 32: Tax Rates by Jurisdiction

    Tax Rates by Jurisdiction • As of year-end 2017, Coeur had U.S. NOLs of $370 million • Statutory corporate income tax rates by country – United States: 21% – Mexico: 30% – Canada: 27% • Corporate income and mining taxes by jurisdiction – Nevada – Net Proceeds Tax is 5% – South Dakota – Severance Tax

  33. Slide 33: 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 2018E1 Production Share of 2017 R&R3 2017 Reserves and Resources3 (AgEqOz2) (AgEq

  34. Slide 34: Overview of Initial Silvertip Mine Plan

    Overview of Initial Silvertip Mine Plan1 Operating Parameters2 Costs Assumptions2 Units LOM Units LOM Total ore production M tonnes 2.7 Pre-production capex US$M $25 - $35 Initial mine life Years 7.5 Sustaining capex US$M $55 - $65 Average production rate tpd 1,000 Operating costs Average annual pro

  35. Slide 35: Notes to Initial Silvertip Mine Plan

    Notes to Initial Silvertip Mine Plan Notes to the Silvertip summary mine plan: (a) This economic analysis is preliminary in nature and is based upon the current resource estimate as set out in this presentation which includes inferred mineral resources. Inferred resources are considered too speculat

  36. Slide 36: 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 ~6 years Palmarejo Chihuahua, Northern Mexico 2018E1 Production Share of 2017 R&R3 2017 Reserves and Resources

  37. Slide 37: Palmarejo (cont.)

    Palmarejo (cont.) Production and Cost Performance Operating Cash Flow and Capital Expenditures ($M) $11.21 $9.76 Operating cash flow Capital expenditures $10.11 $8.01 $7.64 $7.54 $8.68 $52.1 $6.64 $6.94 $6.64 2,346 38 2,013 2,066 34 1,908 29 30 $27.3 1,457 24 $18.8 $18.5 $11.2 $9.3 $9.5 $5.5 $7.0 $1

  38. Slide 38: 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 ~21 years Nevada, U.S. 2018E1 Production Share of 2017 R&R3 2017 Reserves and Resources3 (AgEqO

  39. Slide 39: Rochester (cont.)

    Rochester (cont.) Production and Cost Performance Operating Cash Flow and Capital Expenditures ($M) $13.69 Operating cash flow $13.54 $13.33 $13.36 $12.77 Capital expenditures $26.1 $12.56 $12.46 $11.89 $11.87 $11.37 1,361 $13.8 1,156 19 1,157 1,125 1,070 $9.7 $6.8 $6.0 11 12 11 11 $3.4 $2.6 $1.6 $0

  40. Slide 40: Summary of Rochester PEA

    Summary of Rochester PEA1 PEA Highlights 2017 TR 2018 PEA Proven and probable reserves • Re-scoped mine plan and PEA incorporate the Mineralized material tons K tons 244,804 Mineralized material gold grade oz/t 0.003 anticipated economic benefit from: Mineralized material silver grade oz/t 0.46 Meas

  41. Slide 41: What is HPGR?

    What is HPGR? High pressure grinding rolls are relatively new to precious metals operations, although the technology has been proven in processing other materials • HPGRs have been used in the aggregates sector for decades, though early challenges associated with surface wear of the rollers delayed

  42. Slide 42: Notes to Rochester's Re-Scoped Mine Plan and PEA

    Notes to Rochester’s Re-Scoped Mine Plan and PEA (a) 2018 PEA is effective December 31, 2017 and filed March 5, 2018 and the 2017 Technical Report is effective December 31, 2016. (b) Assumed metals prices for estimated Mineral Resources included in the 2018 Technical Report were $20.00 per ounce of

  43. Slide 43: 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 2018E1 Production Share of 2017 R&R3 2017 Reser

  44. Slide 44: Wharf (cont.)

    Wharf (cont.) Production and Cost Performance Operating Cash Flow and Capital Expenditures ($M) $870 Operating cash flow $824 Capital expenditures $737 $719 $682 $17.2 $15.0 27 $11.5 26 23 $8.8 21 18 $3.1 $3.3 $1.5 $1.2 $0.3 ($1.4) 2Q 2017 3Q 2017 4Q 2017 1Q 2018 2Q 2018 2Q 2017 3Q 2017 4Q 2017 1Q 2

  45. Slide 45: 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 ~5 years 2018E1 Production Share of 2017 R&R3 2017 Reserves and Resources3 (AgEqOz2) (AgEqOz2) Grade (oz/t) Ounces (contain

  46. Slide 46: Kensington (cont.)

    Kensington (cont.) Production and Cost Performance Operating Cash Flow and Capital Expenditures ($M) Operating cash flow $1,195 Capital expenditures $1,010 $16.8 $952 $946 $896 35 $12.0 $11.4 28 $10.7 26 26 $10.1 26 $9.3 $8.6 $7.0 $4.6 $3.2 2Q 2017 3Q 2017 4Q 2017 1Q 2018 2Q 2018 2Q 2017 3Q 2017 4Q

  47. Slide 47: Improved Economics Expected at Kensington

    Improved Economics Expected at Kensington Kensington’s updated technical report demonstrates the strong potential impact of a relatively small amount of high-grade mill feed on overall mine economics Highlights of Kensington Technical Report Continued Exploration Potential • 13% increase in expected

  48. Slide 48: Non-GAAP Reconciliations

    Non-GAAP Reconciliations NYSE: CDE 48 JC 2016

  49. Slide 49: Non-GAAP to U.S. GAAP Reconciliation

    Non-GAAP to U.S. GAAP Reconciliation Unaudited Adjusted Net Income (Loss) ($ thousands) 2Q 2018 1Q 2018 2017 4Q 2017 3Q 2017 2Q 2017 2016 2015 2014 Net income (loss) $2,930 $1,241 ($1,319) $7,625 ($16,652) ($10,955) $55,352 ($367,183) ($1,186,874) Income (loss) from discont. ops., net of tax - (550)

  50. Slide 50: Non-GAAP to U.S. GAAP Reconciliation (cont.)

    Non-GAAP to U.S. GAAP Reconciliation (cont.) Unaudited Adjusted EBITDA ($ thousands) 2Q 2018 1Q 2018 2017 4Q 2017 3Q 2017 2Q 2017 2016 2015 2014 Net income (loss) $2,930 $1,241 ($1,319) $7,625 ($16,652) ($10,955) $55,352 ($367,183) ($1,186,874) Income (loss) from discont. ops., net of tax - (550) 12

  51. Slide 51: Non-GAAP to U.S. GAAP Reconciliation (cont.)

    Non-GAAP to U.S. GAAP Reconciliation (cont.) Unaudited Free Cash Flow and Cash Flow From Operating Activities per Share Free Cash Flow, Consolidated ($ thousands) 2Q 2018 1Q 2018 2017 4Q 2017 3Q 2017 2Q 2017 2016 2015 2014 Cash flow from operating activities ($1,294) $15,541 $197,160 $91,811 $37,308

  52. Slide 52: Non-GAAP to U.S. GAAP Reconciliation (cont.)

    Non-GAAP to U.S. GAAP Reconciliation (cont.) Unaudited Amortization per Ounce ($ thousands, except per ounce amounts) 2Q 2018 1Q 2018 4Q 2017 3Q 2017 2Q 2017 Amortization $29,220 $30,530 $44,471 $32,112 $30,433 Consolidated silver equivalent ounces sold (average spot) 10,667,255 10,066,759 13,248,33

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

    Non-GAAP to U.S. GAAP Reconciliation (cont.) Costs Applicable to Sales Unaudited 3 months ended June 30, 2018 Silver Gold ($ thousands, except per ounce amounts) Palmarejo Rochester Total Kensington Wharf Total Total Costs applicable to sales, including amortization (U.S. GAAP) $44,943 $29,244 $74,1

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

    Non-GAAP to U.S. GAAP Reconciliation (cont.) Costs Applicable to Sales Unaudited 3 months ended March 31, 2018 Silver Gold ($ thousands, except per ounce amounts) Palmarejo Rochester Total Kensington Wharf Total Total Costs applicable to sales, including amortization (U.S. GAAP) $47,421 $29,136 $76,

  55. Slide 55: Non-GAAP to U.S. GAAP Reconciliation (cont.)

    Non-GAAP to U.S. GAAP Reconciliation (cont.) Costs Applicable to Sales Unaudited Year ended December 31, 2017 Silver Gold ($ thousands, except per ounce amounts) Palmarejo Rochester Endeavor Total Kensington Wharf Total Total Costs applicable to sales, including amortization (U.S. GAAP) $219,920 $13

  56. Slide 56: Non-GAAP to U.S. GAAP Reconciliation (cont.)

    Non-GAAP to U.S. GAAP Reconciliation (cont.) Costs Applicable to Sales Unaudited 3 months ended December 31, 2017 Silver Gold ($ thousands, except per ounce amounts) Palmarejo Rochester Endeavor Total Kensington Wharf Total Total Costs applicable to sales, including amortization (U.S. GAAP) $58,775

  57. Slide 57: Non-GAAP to U.S. GAAP Reconciliation (cont.)

    Non-GAAP to U.S. GAAP Reconciliation (cont.) Costs Applicable to Sales Unaudited 3 months ended September 30, 2017 Silver Gold ($ thousands, except per ounce amounts) Palmarejo Rochester Endeavor Total Kensington Wharf Total Total Costs applicable to sales, including amortization (U.S. GAAP) $49,669

  58. Slide 58: Non-GAAP to U.S. GAAP Reconciliation (cont.)

    Non-GAAP to U.S. GAAP Reconciliation (cont.) Costs Applicable to Sales Unaudited 3 months ended June 30, 2017 Silver Gold ($ thousands, except per ounce amounts) Palmarejo Rochester Endeavor Total Kensington Wharf Total Total Costs applicable to sales, including amortization (U.S. GAAP) $48,325 $29,

  59. Slide 59: Non-GAAP to U.S. GAAP Reconciliation (cont.)

    Non-GAAP to U.S. GAAP Reconciliation (cont.) Costs Applicable to Sales Unaudited Year ended December 31, 2016 Silver Gold ($ thousands, except per ounce amounts) Palmarejo Rochester Endeavor Total Kensington Wharf Total Total Costs applicable to sales, including amortization (U.S. GAAP) $117,419 $11

  60. Slide 60: Non-GAAP to U.S. GAAP Reconciliation (cont.)

    Non-GAAP to U.S. GAAP Reconciliation (cont.) Costs Applicable to Sales Unaudited Year ended December 31, 2015 Silver Gold ($ thousands, except per ounce amounts) Palmarejo Rochester Endeavor Total Kensington Wharf Total Total Costs applicable to sales, including amortization (U.S. GAAP) $170,899 $12

  61. Slide 61: Non-GAAP to U.S. GAAP Reconciliation (cont.)

    Non-GAAP to U.S. GAAP Reconciliation (cont.) Costs Applicable to Sales Unaudited Year ended December 31, 2014 Silver Gold ($ thousands, except per ounce amounts) Palmarejo Rochester Endeavor Total Kensington Total Costs applicable to sales, including amortization (U.S. GAAP) $256,707 $112,252 $8,514

  62. Slide 62: Non-GAAP to U.S. GAAP Reconciliation (cont.)

    Non-GAAP to U.S. GAAP Reconciliation (cont.) Unaudited All-in Sustaining Costs ($ thousands, except per ounce amounts) 2Q 2018 1Q 2018 2017 4Q 2017 3Q 2017 2Q 2017 2016 2015 2014 Costs applicable to sales $108,246 $99,340 $440,260 $121,983 $101,557 $102,229 $335,375 $403,827 $388,286 Treatment and r

  63. Slide 63: Non-GAAP to U.S. GAAP Reconciliation (cont.)

    Non-GAAP to U.S. GAAP Reconciliation (cont.) All-in Sustaining Costs for 2018 Guidance Unaudited Per 60:1 Silver Equivalent Ounce Silver Gold ($ thousands, except per ounce amounts) Palmarejo Rochester Silvertip Total Kensington Wharf Total Total Costs applicable to sales, including amortization (U.

  64. Slide 64: Non-GAAP to U.S. GAAP Reconciliation (cont.)

    Non-GAAP to U.S. GAAP Reconciliation (cont.) All-in Sustaining Costs for 2018 Guidance Unaudited Per Spot Silver Equivalent Ounce Silver Gold ($ thousands, except per ounce amounts) Palmarejo Rochester Silvertip Total Kensington Wharf Total Total Costs applicable to sales, including amortization (U.

  65. Slide 65: Average Spot Equivalence

    Average Spot Equivalence Average Spot Prices 2Q 2018 1Q 2018 2017 4Q 2017 3Q 2017 2Q 2017 2016 2015 2014 Average silver spot price per ounce $16.53 $16.77 $17.05 $16.73 $16.84 $17.21 $17.14 $15.68 $19.08 Average gold spot price per ounce $1,306 $1,329 $1,257 $1,275 $1,278 $1,257 $1,251 $1,160 $1,266

  66. Slide 66: Reserves and Resources

    Reserves and Resources 2017 Proven and Probable Mineral Reserves Grade Contained Location Short tons Silver (oz/t) Gold (oz/t) Lead (%) Zinc (%) Silver (oz) Gold (oz) Lead (lbs) Zinc (lbs) PROVEN RESERVES Palmarejo Mexico 1,571,000 3.81 0.073 5,978,000 115,000 Rochester Nevada, USA 195,724,000 0.45

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

    Reserves and Resources (cont.) 2017 Measured and Indicated Mineral Resources (excluding Reserves) Grade Contained Location Short tons Silver (oz/t) Gold (oz/t) Lead (%) Zinc (%) Silver (oz) Gold (oz) Lead (lbs) Zinc (lbs) MEASURED RESOURCES Palmarejo Mexico 629,000 3.07 0.051 1,928,000 32,000 Roches

  68. Slide 68: Reserves and Resources (cont.)

    Reserves and Resources (cont.) 2017 Inferred Mineral Resources Grade Contained Location Short tons Silver (oz/t) Gold (oz/t) Lead (%) Zinc (%) Silver (oz) Gold (oz) Lead (lbs) Zinc (lbs) INFERRED RESOURCES Palmarejo Mexico 7,336,000 4.23 0.050 31,061,000 369,000 Rochester Nevada, USA 131,570,000 0.4

  69. Slide 69: Reserves and Resources (cont.)

    Reserves and Resources (cont.) 2016 Proven and Probable Mineral Reserves Grade (oz/ton) Ounces (contained) Location Short tons Silver Gold Silver Gold PROVEN RESERVES Palmarejo Mexico 1,569,000 4.44 0.080 6,971,000 126,000 Rochester Nevada, USA 143,686,000 0.48 0.004 68,369,000 503,000 Kensington Al

  70. Slide 70: Reserves and Resources (cont.)

    Reserves and Resources (cont.) 2016 Measured and Indicated Mineral Resources (excluding Reserves) Grade (oz/ton) Ounces (contained) Location Short tons Silver Gold Silver Gold MEASURED RESOURCES Palmarejo Mexico 818,000 3.20 0.061 2,618,000 50,000 Rochester Nevada, USA 39,732,000 0.59 0.003 23,281,0

  71. Slide 71: Reserves and Resources (cont.)

    Reserves and Resources (cont.) 2016 Inferred Mineral Resources Grade (oz/ton) Ounces (contained) Location Short tons Silver Gold Silver Gold INFERRED RESOURCES Palmarejo Mexico 4,726,000 4.35 0.055 20,540,000 258,000 Rochester Nevada, USA 67,778,000 0.52 0.003 35,554,000 178,000 Kensington Alaska, U

  72. Slide 72: 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

  73. Slide 73: Board of Directors

    Board of Directors Robert E. Mellor – Former Chairman, Chief Executive Officer, and President of Building Materials Holding Corporation (distribution, manufacturing, and sales of building materials and component products) from 1997 to January 2010, director from 1991 to January 2010; member of the b

  74. Slide 74: 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 Investor Relations investors@coeur.com NYSE: CDE 74 JC 2016

Coeur Mining — Q2 2018 Earnings Presentation on 6ix