Coeur Rochester S-4 Registration of securities issued in business combination transactions

Exhibit 12.1

RATIO OF EARNINGS TO FIXED CHARGES

The following table sets forth our ratio of earnings to fixed charges for the periods indicated (dollars in thousands):

	Six MonthsEndedJune 30, 2017			Year ended December 31,
				2016			2015			2014			2013			2012
Fixed Charges:
Interest expense	$	6,997		$	34,987		$	43,446		$	45,806		$	39,152		$	26,060
Capitalized interest		1,137			1,226			3,098			1,710			2,694			2,663
Amortization of public offering costs		338			1,933			2,257			1,740			2,143			1,146
Portion of rent expense representative of interest		2,814			4,692			3,998			3,303			4,864			3,986
Total fixed charges	$	11,286		$	42,838		$	52,799		$	52,559		$	48,853		$	33,855
Earnings available for fixed charges:
Net income (loss) from continuing operations before income taxes	$	16,656		$	1,113		$	(393,446	)	$	(1,615,128	)	$	(808,679	)	$	119,484
Fixed charges above		11,286			42,838			52,799			52,559			48,853			33,855
Less interest capitalized		(1,137	)		(1,226	)		(3,098	)		(1,710	)		(2,694	)		(2,663	)
Current period amortization of capitalized interest		894			2,022			3,492			4,895			6,899			5,725
Total earnings available for fixed charges	$	27,699		$	44,747		$	(340,253	)	$	(1,559,384	)	$	(755,621	)	$	156,401
Earnings sufficient (insufficient) to cover fixed charges	$	16,413		$	1,909		$	(393,052	)	$	(1,611,943	)	$	(804,474	)	$	122,546
Ratio of earnings to fixed charges		2.45	x		1.04	x		N/A			N/A			N/A			4.62	x

N/A - represents coverage ratio of less than 1.