Coeur Mining, Inc. · NYSE:CDE

Coeur Mining — Investor Presentation (May 2020)

76 slides from Coeur Mining's investor presentation, May 2020

  1. Slide 1: Corporate Presentation

    Corporate Presentation May 2020 NYSE: CDE NYSE: C DE 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: COVID-19 Preparedness and Response

    COVID-19 Preparedness and Response Coeur has formed a multi-disciplinary internal committee to evaluate and address ongoing concerns, risks and challenges associated with COVID-19. All its operations have also developed site-specific screening, education and modifications to work procedures to limit

  5. Slide 5: Leading Environmental, Social and Governance Initiatives

    Leading Environmental, Social and Governance Initiatives Coeur continues to prioritize improving its environmental and social initiatives as well as its best-in-class corporate governance program Key ESG Accomplishments in 2019 Top ESG Priorities in 2020 • Publish responsibility report (published in

  6. Slide 6: Corporate Strategy

    Corporate Strategy 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 By Asset • Maintain a primary precious metals By Jurisdiction revenue mix and North American Balanc

  7. Slide 7: Balanced, Safe & Unique Portfolio of Precious Metals Assets

    Balanced, Safe & Unique Portfolio of Precious Metals Assets 2010 2019 12% 6% Palmarejo 17% Rochester 36% Kensington 45% Metal Sales by Asset 28% $516M $712M Wharf (% of revenue) Silvertip 25% San Bartolomé 5% 16% Other1 10% 15% U.S. Mexico 45% 6% Canada … by Geography Bolivia (% of revenue) 28% 58%

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

  9. Slide 9: Track Record of Asset Optimization

    Track Record of Asset Optimization • Acquisition of Paramount in 2015 and renegotiation of FNV stream in 2014, which took effect in 2016 • Transition to 100% underground mining in 2016 Palmarejo • 39% and 29% increases in gold and silver grades since 20151 • Over 20% reduction in adj. CAS per AuOz a

  10. Slide 10: Palmarejo: Strategic Focus on Unlocking Long-Term Value

    Palmarejo: Strategic Focus on Unlocking Long-Term Value Coeur has made numerous strategic investments to reposition Palmarejo as a lower-cost, higher-margin, longer-life operation capable of generating positive free cash flow1 Multi-year, Site-specific Enhancements Long-Term Unit Cost Reductions ($/

  11. Slide 11: Rochester: Looking Ahead to the Next Phase of Growth

    Rochester: Looking Ahead to the Next Phase of Growth Coeur exceeded its throughput target for the new crushing circuit and achieved a major permitting milestone in 1Q 2020. Planning for the expansion is underway with construction expected to begin in 3Q 2020. Additionally, the Company expects to fil

  12. Slide 12: Rochester: Overview of HPGR Crushing Unit

    Rochester: Overview of HPGR Crushing Unit HPGR Schematic1 Traditional Cone Crushing • Silver particles encapsulated by silica leads to Feed “traditional” Rochester recovery Floating roll Fixed roll Silver particles encapsulated by quartz Hydraulic pistons Product Unleached Leached Rochester Expected

  13. Slide 13: Kensington: High-Grade Transition Delivering Free Cash Flow

    Kensington: High-Grade Transition Delivering Free Cash Flow1 Coeur’s transition into the high-grade Jualin deposit demonstrates the Company’s multi-year effort to discover, develop and mine higher-grade material at Kensington Grade Profile & Unit Cost Performance Isometric Property Overview 0.21 0.2

  14. Slide 14: Future Growth Opportunities From Expanding Resource Base

    Future Growth Opportunities From Expanding Resource Base Coeur’s 2019 exploration program was primarily focused on resource expansion targets close to existing infrastructure. The Company’s positive results over the last five years reflect successful exploration initiatives and exhibit the potential

  15. Slide 15: Key Exploration Objectives to Create Growth Opportunities

    Key Exploration Objectives to Create Growth Opportunities Coeur focuses its exploration efforts targets within its current operating footprint and near existing infrastructure with the primary goals of discovering new resources and converting existing resources to reserves in order to extend mine li

  16. Slide 16: Palmarejo: Validates Near-Mine Exploration Philosophy

    Palmarejo: Validates Near-Mine Exploration Philosophy Exploration at Palmarejo continues to target new, high-grade discoveries near existing infrastructure; new step out drilling on mapped veins planned in 2020 • Resource conversion and expansion at Guadalupe and Independencia mine complexes; up to

  17. Slide 17: Kensington: Emerging Inventories of New Discoveries

    Kensington: Emerging Inventories of New Discoveries 1 (1) For a complete table of all of Kensington’s 2019 drill results, please refer to the following link: https://www.coeur.com/_re sources/pdfs/2019-12-17-2019-Exploration-Update-Appendix-Final.pdf . NYSE: C DE 17 JC 2016

  18. Slide 18: Sterling & Crown: Expanding Footprint in Nevada

    Sterling & Crown: Expanding Footprint in Nevada In late 2018, Coeur completed its acquisition of the past-producing Sterling mine and highly prospective Crown Block in southern Nevada, further expanding its footprint in one of the world’s top mining jurisdictions1 Transaction Overview Asset Map Targ

  19. Slide 19: Track Record of Opportunistic M&A and Divestitures

    Track Record of Opportunistic M&A and Divestitures Company / Asset Type Rationale • Synergistic bolt-on of royalty-free land package adjacent to the Company’s Paramount Palmarejo mine 2015 Acquisition • Primarily stock deal timed to leverage historically-low market value of target Silver & Gold and

  20. Slide 20: Wharf: A Case Study for Successful M&A

    Wharf: A Case Study for Successful M&A Acquired in early 2015, Wharf has already generated a return on investment of approximately 31%1, driven by operational improvements, targeted investments in exploration, and several technical and modeling enhancements Free Cash Flow2 ($M) $2.2 $16.2 $2.5 $3.8

  21. Slide 21: Silvertip: Preserving Long-term Value of the Orebody

    Silvertip: Preserving Long-term Value of the Orebody Coeur intends to bolster its investment in exploration at Silvertip during the temporary suspension, seeking to further grow resources and extend mine life Key Highlights of 2019 Exploration Program1 Selected Commentary • Commenced initial expansi

  22. Slide 22: Balance Sheet Summary

    Balance Sheet Summary 1 Dec. 31, March 31, 2020 Liquidity Profile $M 2019 Reported D Adjusted ($M) 5.875% senior notes due 2024 $226.9 $227.1 $- $227.1 $305.6 Revolving credit facility - 50.0 100.0 150.0 $252.9 $252.9 Capital lease obligations 68.6 66.0 - 66.0 100.0 TOTAL DEBT $295.5 $343.1 $100.0 $

  23. Slide 23: Overview of Hedging Program

    Overview of Hedging Program Coeur’s hedging strategy is designed to support cash flow generation and help fund key internal growth projects. The Company has expanded its gold hedging program and implemented a series of foreign currency hedges to further enhance its downside protection Summary of Met

  24. Slide 24: Looking Ahead

    Looking Ahead • Safeguard health, safety and well-being of workforce and communities ✓ • Further advance progress on success-based exploration programs ✓ • Increase production and begin executing strategy to expand Rochester ✓ • Evaluate mill upgrade and expansion opportunities at Silvertip ✓ • Safe

  25. Slide 25: ESG Highlights

    ESG Highlights NYSE: C DE 25 JC 2016

  26. Slide 26: 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

  27. Slide 27: Community Support for COVID-19

    Community Support for COVID-19 The health and safety of the Company’s workforce, their families and our communities remains Coeur’s top priority. Across its footprint, the Company is providing ongoing support to limit the exposure and transmission of COVID-19, and care for those who have been impact

  28. Slide 28: Community Support for COVID-19 (cont.)

    Community Support for COVID-19 (cont.) • Donated individual-sized hand sanitizers to Project CURE, the world’s largest distributor of medical donations to resource-limited communities across the globe and currently focusing on the USA for COVID-19 response Corporate • Matching employee donations to

  29. Slide 29: Community Support for COVID-19 (cont.)

    Community Support for COVID-19 (cont.) • Donating N95 masks and gloves to the Deadwood, Sturgis and Spearfish hospitals as shipments come in • Donated paper goods and feminine products to Youth and Family Services, supporting families below the Wharf poverty line with items in high demand (South Dak

  30. Slide 30: 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

  31. Slide 31: 2019 International EHS Innovation Award Winner

    2019 International EHS Innovation Award Winner Coeur is committed to being an industry leader in environmental, health and safety innovation, exemplified through the Company’s utilization of technology to protect its people, places and planet Technology Implementation at Coeur Global EHS • Real time

  32. Slide 32: Demonstrating Our Commitment

    Demonstrating Our Commitment Best-in-Class Governance Practices Board Refreshment and • Three new independent directors added to the Board since early 2018 and six Succession Planning directors – more than 50% of the Board – added in last seven years • Active Board succession planning and refreshmen

  33. Slide 33: 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

  34. Slide 34: 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: C DE 34 JC 2016

  35. Slide 35: 2019 Incentive Plan Aligned with Strategic Objectives

    2019 Incentive Plan Aligned with Strategic Objectives & Purpose Statement PROTECT TRIFR % reduction AIP1 15% % reduction in significant spills DEVELOP Three-Year Growth in Reserves and PSUs2,3 50% Resources from Continuing Operations Costs Applicable to Sales AIP 60% Adjusted EBITDA DELIVER Three-Ye

  36. Slide 36: 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 • One new director elected in March 2019 and two new directors elected in February 2018 having skills and experiences that complement

  37. Slide 37: Diverse Board Led by Independent Chair (cont.)

    Diverse Board Led by Independent Chair (cont.) Diversity Tenure Independence NYSE: C DE 37 JC 2016

  38. Slide 38: Appendix

    Appendix NYSE: C DE 38 JC 2016

  39. Slide 39: 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 C hihuahua, N orthern M exico 2015 & 2019 Reserves & Resources1 P&P Reserves M&I Resources

  40. Slide 40: Palmarejo (cont.)

    Palmarejo (cont.) Production and Cost Performance Operating Cash Flow and Capital Expenditures ($M) $741 $713 Operating cash flow $41.4 $660 $645 Capital expenditures $622 $36.3 $9.66 $9.17 $8.95 $8.79 $28.9 $8.37 2,029 32 32 1,835 28 1,735 1,720 29 23 $15.6 1,278 $8.7 $7.6 $7.8 $8.6 $7.1 $5.9 1Q 20

  41. Slide 41: 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 N evada, U.S. 2015 & 2019 Reserves & Resources P&P Reserves M&I Resources Inferred Re

  42. Slide 42: Rochester (cont.)

    Rochester (cont.) Production and Cost Performance Operating Cash Flow and Capital Expenditures ($M) Operating cash flow $1,359 Capital expenditures $1,230 $1,153 $1,142 $10.2 $1,092 $8.3 $14.24 $14.38 $6.9 $12.83 $13.19 $13.25 $5.0 $5.1 $4.6 $2.8 $1.6 960 971 982 848 ($1.0) 11 687 8 9 8 6 ($9.3) 1Q

  43. Slide 43: 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 Schematic1 Selected Commentary Feed • Feed

  44. Slide 44: Kensington

    Kensington Ownership 100% Claims 12,336 net acres Type Underground Processing Crushing, grinding, flotation Kensington processing Alask a, U.S. Metals Gold concentrate Mine life ~3 years 2015 & 2019 Reserves & Resources1 P&P Reserves M&I Resources Inferred Resources 762 690 518 560 358 366 2015 2019

  45. Slide 45: Kensington (cont.)

    Kensington (cont.) Production and Cost Performance Operating Cash Flow and Capital Expenditures 2 ($M) Operating cash flow $990 $976 Capital expenditures $928 $19.2 $18.9 $842 $822 $16.4 $15.2 34 34 32 30 30 $9.4 $6.2 $4.9 $4.9 $4.3 $4.8 1Q 2019 2Q 2019 3Q 2019 4Q 2019 1Q 2020 1Q 2019 2Q 2019 3Q 201

  46. Slide 46: 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 Dak ota, U.S. Metals Electrolytic cathodic sludge Mine life ~7 years 2015 & 2019 Reserves & Resources1 P&P Reserves

  47. Slide 47: Wharf (cont.)

    Wharf (cont.) Production and Cost Performance Operating Cash Flow and Capital Expenditures ($M) $1,090 Operating cash flow $1,002 Capital expenditures $949 $17.6 $17.0 $887 $802 26 26 17 16 16 $4.2 $2.6 $0.4 $0.5$0.2 $0.8 $0.8 $0.4 1Q 2019 2Q 2019 3Q 2019 4Q 2019 1Q 2020 1Q 2019 2Q 2019 3Q 2019 4Q 2

  48. Slide 48: Silvertip

    Silvertip Ownership 100% Claims 90,156 net acres Type Underground Silvertip British C olum bia, C anada Crushing, grinding, flotation Processing processing, concentrate thickening Metals Lead concentrate, zinc concentrate Mine life ~5 years 2018 & 2019 Reserves & Resources1 P&P Reserves M&I Resource

  49. Slide 49: Non-GAAP Reconciliations

    Non-GAAP Reconciliations NYSE: C DE 49 JC 2016

  50. Slide 50: Non-GAAP to U.S. GAAP Reconciliation

    Non-GAAP to U.S. GAAP Reconciliation 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 $23,002 $1

  51. Slide 51: 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

  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 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

  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 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

  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 June 30, 2019 ($ thousands, except per ounce amounts) Palmarejo Rochester Kensington Wharf Silvertip Total Costs applicable to sales, including amortization (U.S. GAAP) $50,708 $28,656 $41,670 $17,691 $36

  55. Slide 55: 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, 2019 ($ thousands, except per ounce amounts) Palmarejo Rochester Kensington Wharf Silvertip Total Costs applicable to sales, including amortization (U.S. GAAP) $47,772 $26,491 $43,902 $20,073 $3

  56. Slide 56: 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, 2018 ($ thousands, except per ounce amounts) Palmarejo Rochester Kensington Wharf Silvertip Total Costs applicable to sales, including amortization (U.S. GAAP) $180,832 $126,586 $141,872 $78,273

  57. Slide 57: 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 ($ thousands, except per ounce amounts) Palmarejo Rochester Kensington Wharf Endeavor Total Costs applicable to sales, including amortization (U.S. GAAP) $219,920 $130,226 $152,118 $82,334 $

  58. Slide 58: 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 ($ thousands, except per ounce amounts) Palmarejo Rochester Kensington Wharf Endeavor Total Costs applicable to sales, including amortization (U.S. GAAP) $117,418 $111,564 $131,517 $87,001 $

  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, 2015 ($ thousands, except per ounce amounts) Palmarejo Rochester Kensington Wharf Endeavor Total Costs applicable to sales, including amortization (U.S. GAAP) $170,899 $127,900 $147,880 $68,575 $

  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, 2014 ($ thousands, except per ounce amounts) Palmarejo Rochester Kensington Endeavor Total Costs applicable to sales, including amortization (U.S. GAAP) $256,706 $112,252 $148,961 $8,513 $526,433

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

    Non-GAAP to U.S. GAAP Reconciliation (cont.) Unaudited Adjusted EBITDA ($ thousands) 2019 4Q 2019 3Q 2019 2Q 2019 1Q 2019 2018 4Q 2018 2017 2016 Net income (loss) ($341,203) ($270,961) ($14,277) ($36,764) ($19,201) ($48,405) $468 ($1,319) $55,352 Income (loss) from discont. ops., net of tax (5,693)

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

    Non-GAAP to U.S. GAAP Reconciliation (cont.) Unaudited Free Cash Flow, Consolidated ($ thousands) 2019 2018 2017 2016 2015 Cash flow from operating activities $91,880 $20,108 $197,160 $96,461 $87,412 Capital expenditures (99,772) (140,787) (136,734) (94,382) (88,973) Gold production royalty payments

  63. Slide 63: 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) 1Q 2020 4Q 2019 1Q 2020 1Q 2020 ($ thousands) Adjusted Reported 4Q 2019 Net income (loss) ($333,902) ($341,203) Cash and cash equivalents $152,895 $52,895 $55,645 (Income) loss

  64. Slide 64: 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) P ROVEN RESERVES Palmarejo Mexico 1,093,000 0.093 5.17 102,000 5,649,000 Rochester Nevada, USA 249,815,000 0.00

  65. Slide 65: 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) M E ASURED RESOURCES Palmarejo Mexico 870,000 0.055 3.69 48,000 3,210,000 Roch

  66. Slide 66: 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

  67. Slide 67: 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) P ROVEN RESERVES Palmarejo Mexico 1,283,000 0.084 4.97 108,000 6,376,000 Rochester Nevada, USA 228,413,

  68. Slide 68: 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) M E ASURED RESOURCES Palmarejo Mexico 604,000 0.086 4.77 52,000 2,880,000 Roch

  69. Slide 69: 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

  70. Slide 70: 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) Zinc (%) Lead (%) Gold (oz) Silver (oz) Zinc (lbs) Lead (lbs) P ROVEN RESERVES Palmarejo Mexico 802,000 0.077 6.29 62,000 5,048,000 Rochester Nevada, USA 96,520,000

  71. Slide 71: 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) Zinc (%) Lead (%) Gold (oz) Silver (oz) Zinc (lbs) Lead (lbs) M E ASURED RESOURCES Palmarejo Mexico 134,000 0.052 4.86 7,000 651,000 Rochest

  72. Slide 72: Reserves and Resources (cont.)

    Reserves and Resources (cont.) 2015 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 1,721,000 0.085 4.79 147,000 8,240,000 Rochester Nevada, USA 59,597,000 0.003

  73. Slide 73: 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

  74. Slide 74: 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

  75. Slide 75: Board of Directors (cont.)

    Board of Directors (cont.) Jessica L. McDonald – Chair (former Interim CEO) of Canada Post Corporation and member of Board of Directors of Hydro One Limited. Ms. McDonald is also a Mentor at the Trudeau Foundation, was a visiting fellow at the Steyer-Taylor Center for Energy Policy and Finance at St

  76. Slide 76: 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 P aul D eP artout Director, Investor Relations investors@coeur.c om NYSE: C DE 76 JC 2016

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