SUPPLEMENTAL GUARANTOR INFORMATION | SUPPLEMENTAL GUARANTOR INFORMATION The following Condensed Consolidating Financial Statements are presented to satisfy disclosure requirements of Rule 3-10 of Regulation S-X resulting from the guarantees by Coeur Alaska, Inc., Coeur Explorations, Inc., Coeur Rochester, Inc., Coeur South America Corp., Wharf Resources (U.S.A.) Inc. and subsidiaries, and Coeur Capital, Inc. (collectively, the “Subsidiary Guarantors”) of the Senior Notes. The following schedules present Condensed Consolidating Financial Statements of (a) Coeur, the parent company; (b) the Subsidiary Guarantors; and (c) certain wholly-owned domestic and foreign subsidiaries of the Company (collectively, the “Non-Guarantor Subsidiaries”). Each of the Subsidiary Guarantors is 100% owned by Coeur and the guarantees are full and unconditional. There are no restrictions on the ability of Coeur to obtain funds from its subsidiaries by dividend or loan. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) YEAR ENDED DECEMBER 31, 2015 In thousands Coeur Mining, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ 378,278 $ 267,808 $ — $ 646,086 COSTS AND EXPENSES Costs applicable to sales (1) — 261,830 217,824 — 479,654 Amortization 1,991 83,325 58,435 — 143,751 COSTS AND EXPENSES General and administrative 32,405 35 394 — 32,834 Exploration 2,265 3,931 5,451 — 11,647 Write-downs — 1,630 311,707 — 313,337 Pre-development, reclamation, and other 4,083 5,920 7,790 — 17,793 Total costs and expenses 40,744 356,671 601,601 — 999,016 OTHER INCOME (EXPENSE), NET Fair value adjustments, net 1,224 818 3,160 — 5,202 Other, net 20,252 (3,106 ) (13,385 ) (3,776 ) (15 ) Interest expense, net of capitalized interest (39,867 ) (966 ) (8,646 ) 3,776 (45,703 ) Total other income (expense), net (18,391 ) (3,254 ) (18,871 ) — (40,516 ) Loss before income and mining taxes (59,135 ) 18,353 (352,664 ) — (393,446 ) Income and mining tax (expense) benefit 1,827 (2,354 ) 26,790 — 26,263 Total loss after income and mining taxes (57,308 ) 15,999 (325,874 ) — (367,183 ) Equity income (loss) in consolidated subsidiaries (309,875 ) (14,814 ) — 324,689 — NET INCOME (LOSS) $ (367,183 ) $ 1,185 $ (325,874 ) $ 324,689 $ (367,183 ) OTHER COMPREHENSIVE INCOME (LOSS), net of tax: Unrealized gain (loss) on marketable securities, net of tax (4,154 ) (3,118 ) — 3,118 (4,154 ) Reclassification adjustments for impairment of marketable securities 2,346 2,346 — (2,346 ) 2,346 Reclassification adjustments for realized loss on sale of marketable securities 894 894 — (894 ) 894 Other comprehensive income (loss) (914 ) 122 — (122 ) (914 ) COMPREHENSIVE INCOME (LOSS) $ (368,097 ) $ 1,307 $ (325,874 ) $ 324,567 $ (368,097 ) (1) Excludes amortization. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) YEAR ENDED DECEMBER 31, 2014 In thousands Coeur Mining, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ 261,963 $ 373,779 $ — $ 635,742 COSTS AND EXPENSES Costs applicable to sales (1) — 196,805 281,140 — 477,945 Amortization 1,805 65,100 95,531 — 162,436 General and administrative 39,976 6 863 — 40,845 Exploration 3,560 11,157 7,023 — 21,740 Write-downs — 107,832 1,364,889 — 1,472,721 Pre-development, reclamation, and other 8,813 3,889 13,335 — 26,037 Total costs and expenses 54,154 384,789 1,762,781 — 2,201,724 OTHER INCOME (EXPENSE), NET Fair value adjustments, net 1,812 3,653 (1,847 ) — 3,618 Other, net 4,406 (7,023 ) 227 (2,828 ) (5,218 ) Interest expense, net of capitalized interest (38,389 ) (891 ) (11,094 ) 2,828 (47,546 ) Total other income (expense), net (32,171 ) (4,261 ) (12,714 ) — (49,146 ) Income (Loss) before income and mining taxes (86,325 ) (127,087 ) (1,401,716 ) — (1,615,128 ) Income and mining tax (expense) benefit 1,742 (2,224 ) 428,736 — 428,254 Income (Loss) after income and mining taxes (84,583 ) (129,311 ) (972,980 ) — (1,186,874 ) Equity income (loss) in consolidated subsidiaries (1,102,291 ) (4,181 ) — 1,106,472 — NET INCOME (LOSS) $ (1,186,874 ) $ (133,492 ) $ (972,980 ) $ 1,106,472 $ (1,186,874 ) OTHER COMPREHENSIVE INCOME (LOSS), net of tax: Unrealized gain (loss) on equity securities, net of tax (2,290 ) (2,272 ) — 2,272 (2,290 ) Reclassification adjustments for impairment of equity securities, net of tax 4,042 4,042 — (4,042 ) 4,042 Reclassification adjustments for realized loss on sale of equity securities, net of tax 346 328 — (328 ) 346 Other comprehensive income (loss) 2,098 2,098 — (2,098 ) 2,098 COMPREHENSIVE INCOME (LOSS) $ (1,184,776 ) $ (131,394 ) $ (972,980 ) $ 1,104,374 $ (1,184,776 ) (1) Excludes amortization. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) YEAR ENDED DECEMBER 31, 2013 In thousands Coeur Mining, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ 268,023 $ 477,971 $ — $ 745,994 COSTS AND EXPENSES Costs applicable to sales (1) — 182,444 281,219 — 463,663 Amortization 1,066 71,655 156,843 — 229,564 General and administrative 50,213 3,245 1,885 — 55,343 Exploration 1,602 8,920 11,838 — 22,360 Litigation settlement — 32,046 — — 32,046 Write-downs — 130,694 642,299 — 772,993 Pre-development, reclamation, and other — 3,093 12,091 — 15,184 Total costs and expenses 52,881 432,097 1,106,175 — 1,591,153 OTHER INCOME (EXPENSE), NET Fair value adjustments, net (1,346 ) 7,896 76,218 — 82,768 Other, net (4,689 ) (1,750 ) 4,602 (3,148 ) (4,985 ) Interest expense, net of capitalized interest (25,652 ) (445 ) (18,354 ) 3,148 (41,303 ) Total other income (expense), net (31,687 ) 5,701 62,466 — 36,480 Income (Loss) before income and mining taxes (84,568 ) (158,373 ) (565,738 ) — (808,679 ) Income and mining tax (expense) benefit 78,332 (155 ) 79,939 — 158,116 Income (Loss) after income and mining taxes (6,236 ) (158,528 ) (485,799 ) — (650,563 ) Equity income (loss) in consolidated subsidiaries (644,327 ) (68 ) — 644,395 — NET INCOME (LOSS) $ (650,563 ) $ (158,596 ) $ (485,799 ) $ 644,395 $ (650,563 ) OTHER COMPREHENSIVE INCOME (LOSS), net of tax: Unrealized gain (loss) on equity securities, net of tax (8,489 ) (552 ) — 552 (8,489 ) Reclassification adjustments for impairment of equity securities, net of tax 11,221 211 — (211 ) 11,221 Reclassification adjustments for realized loss on sale of equity securities, net of tax 83 — — — 83 Other comprehensive income (loss) 2,815 (341 ) — 341 2,815 COMPREHENSIVE INCOME (LOSS) $ (647,748 ) $ (158,937 ) $ (485,799 ) $ 644,736 $ (647,748 ) (1) Excludes amortization. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS YEAR ENDED DECEMBER 31, 2015 In thousands Coeur Mining, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated CASH FLOWS FROM OPERATING ACTIVITIES: Cash provided by (used in) operating activities $ (377,091 ) $ 86,486 $ 79,458 $ 324,689 113,542 CASH FLOWS FROM INVESTING ACTIVITIES Capital expenditures (514 ) (52,376 ) (42,303 ) — (95,193 ) Purchase of short-term investments and equity securities (1,880 ) — — — (1,880 ) Sales and maturities of short-term investments 2 532 71 — 605 Acquisitions, net of cash acquired (110,846 ) — — — (110,846 ) Other (4,710 ) 523 208 — (3,979 ) Investments in consolidated subsidiaries 282,041 20,239 120 (302,400 ) — CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 164,093 (31,082 ) (41,904 ) (302,400 ) (211,293 ) CASH FLOWS FROM FINANCING ACTIVITIES: Issuance of notes and bank borrowings 150,000 — 3,500 — 153,500 Payments on debt, capital leases, and associated costs (62,930 ) (7,428 ) (14,357 ) — (84,715 ) Gold production royalty payments — — (39,235 ) — (39,235 ) Net intercompany financing activity 12,232 (19,518 ) 29,575 (22,289 ) — Other (542 ) — — — (542 ) CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 98,760 (26,946 ) (20,517 ) (22,289 ) 29,008 Effect of exchange rate changes on cash and cash equivalents — (11 ) (1,393 ) — (1,404 ) NET CHANGE IN CASH AND CASH EQUIVALENTS (114,238 ) 28,447 15,644 — (70,147 ) Cash and cash equivalents at beginning of period 210,361 5,781 54,719 — 270,861 Cash and cash equivalents at end of period $ 96,123 $ 34,228 $ 70,363 $ — $ 200,714 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS YEAR ENDED DECEMBER 31, 2014 In thousands Coeur Mining, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated CASH FLOWS FROM OPERATING ACTIVITIES: Cash provided by (used in) operating activities $ (1,175,464 ) $ 41,292 $ 81,248 $ 1,106,472 53,548 CASH FLOWS FROM INVESTING ACTIVITIES — — — Capital expenditures (1,849 ) (28,118 ) (34,277 ) — (64,244 ) Purchase of short term investments and equity securities (50,013 ) (429 ) (71 ) — (50,513 ) Sales and maturities of short term investments and equity securities 49,069 5,261 14 — 54,344 Acquisitions (12,079 ) (4,000 ) (5,250 ) — (21,329 ) Other — 48 (40 ) — 8 Investments in consolidated subsidiaries 1,151,372 4,106 — (1,155,478 ) — CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 1,136,500 (23,132 ) (39,624 ) (1,155,478 ) (81,734 ) CASH FLOWS FROM FINANCING ACTIVITIES: Issuance of notes and bank borrowings 153,000 — 14,784 — 167,784 Payments on long-term debt, capital leases, and associated costs (18,545 ) (6,114 ) (1,243 ) — (25,902 ) Gold production royalty payments — — (48,395 ) — (48,395 ) Net intercompany financing activity (21,697 ) (7,256 ) (20,053 ) 49,006 — Other (509 ) — — — (509 ) CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 112,249 (13,370 ) (54,907 ) 49,006 92,978 Effect of exchange rate changes on cash and cash equivalents — — (621 ) — (621 ) NET CHANGE IN CASH AND CASH EQUIVALENTS 73,285 4,790 (13,904 ) — 64,171 Cash and cash equivalents at beginning of period 137,076 991 68,623 — 206,690 Cash and cash equivalents at end of period $ 210,361 $ 5,781 $ 54,719 $ — $ 270,861 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS YEAR ENDED DECEMBER 31, 2013 In thousands Coeur Mining, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated CASH FLOWS FROM OPERATING ACTIVITIES: Cash provided by (used in) operating activities $ (701,653 ) $ 17,456 $ 151,991 $ 646,173 $ 113,967 CASH FLOWS FROM INVESTING ACTIVITIES Capital expenditures (3,573 ) (50,810 ) (46,430 ) — (100,813 ) Purchase of short term investments and equity securities (2,921 ) (66 ) (5,065 ) — (8,052 ) Sales and maturities of short term investments and equity securities 29,274 75 5,447 — 34,796 Acquisitions (113,214 ) (3,684 ) — — (116,898 ) Other 3,266 444 768 — 4,478 Investments in consolidated subsidiaries 642,617 68 3,488 (646,173 ) — CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 555,449 (53,973 ) (41,792 ) (646,173 ) (186,489 ) CASH FLOWS FROM FINANCING ACTIVITIES: Issuance of notes and bank borrowings 300,000 — — — 300,000 Payments on long-term debt, capital leases, and associated costs (52,568 ) (3,171 ) (4,889 ) — (60,628 ) Gold production royalty payments — — (57,034 ) — (57,034 ) Share repurchases (27,552 ) — — — (27,552 ) Net intercompany financing activity (22,874 ) 40,279 (17,405 ) — — Other (514 ) — — — (514 ) CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 196,492 37,108 (79,328 ) — 154,272 Effect of exchange rate changes on cash and cash equivalents — — (500 ) — (500 ) NET CHANGE IN CASH AND CASH EQUIVALENTS 50,288 591 30,371 — 81,250 Cash and cash equivalents at beginning of period 86,788 400 38,252 — 125,440 Cash and cash equivalents at end of period $ 137,076 $ 991 $ 68,623 $ — $ 206,690 CONDENSED CONSOLIDATING BALANCE SHEET DECEMBER 31, 2015 In thousands Coeur Mining, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS CURRENT ASSETS Cash and cash equivalents $ 96,123 $ 34,228 $ 70,363 $ — $ 200,714 Receivables 11 12,773 73,208 — 85,992 Ore on leach pads — 67,329 — — 67,329 Inventory — 45,491 36,220 — 81,711 Prepaid expenses and other 3,496 1,075 6,371 — 10,942 99,630 160,896 186,162 — 446,688 NON-CURRENT ASSETS Property, plant and equipment, net 4,546 138,706 52,747 — 195,999 Mining properties, net — 199,303 389,916 — 589,219 Ore on leach pads — 44,582 — — 44,582 Restricted assets 5,755 381 5,497 — 11,633 Equity securities 434 2,332 — — 2,766 Receivables — — 24,768 — 24,768 Deferred tax assets — — 1,942 — 1,942 Net investment in subsidiaries 127,671 27,657 — (155,328 ) — Other 54,578 9,197 5,695 (54,578 ) 14,892 TOTAL ASSETS $ 292,614 $ 583,054 $ 666,727 $ (209,906 ) $ 1,332,489 LIABILITIES AND STOCKHOLDERS’ EQUITY CURRENT LIABILITIES Accounts payable $ 1,743 $ 18,535 $ 28,454 $ — $ 48,732 Accrued liabilities and other 20,555 14,598 18,800 — 53,953 Debt 1,000 8,120 1,311 — 10,431 Royalty obligations — 4,729 20,164 — 24,893 Reclamation — 1,401 1,821 (1,151 ) 2,071 23,298 47,383 70,550 (1,151 ) 140,080 NON-CURRENT LIABILITIES Debt 467,634 4,947 61,976 (54,578 ) 479,979 Royalty obligations — 4,864 — — 4,864 Reclamation — 61,924 20,122 1,151 83,197 Deferred tax liabilities 28,600 6,927 111,605 — 147,132 Other long-term liabilities 2,171 3,838 49,752 — 55,761 Intercompany payable (receivable) (650,565 ) 411,103 239,462 — — (152,160 ) 493,603 482,917 (53,427 ) 770,933 STOCKHOLDERS’ EQUITY Common stock 1,513 250 130,885 (131,135 ) 1,513 Additional paid-in capital 3,024,461 179,553 1,896,047 (2,075,600 ) 3,024,461 Accumulated deficit (2,600,776 ) (135,049 ) (1,913,672 ) 2,048,721 (2,600,776 ) Accumulated other comprehensive income (loss) (3,722 ) (2,686 ) — 2,686 (3,722 ) 421,476 42,068 113,260 (155,328 ) 421,476 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 292,614 $ 583,054 $ 666,727 $ (209,906 ) $ 1,332,489 CONDENSED CONSOLIDATING BALANCE SHEET DECEMBER 31, 2014 In thousands Coeur Mining, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS CURRENT ASSETS Cash and cash equivalents $ 210,361 $ 5,781 $ 54,719 $ — $ 270,861 Receivables 87 11,151 96,685 — 107,923 Ore on leach pads — 48,204 — — 48,204 Inventory — 54,983 59,948 — 114,931 Prepaid expenses and other 6,349 4,557 4,617 — 15,523 216,797 124,676 215,969 — 557,442 NON-CURRENT ASSETS Property, plant and equipment, net 6,155 107,084 114,672 — 227,911 Mining properties, net 12,004 159,124 330,064 — 501,192 Ore on leach pads — 37,889 — — 37,889 Restricted assets 897 50 6,090 — 7,037 Equity securities — 5,982 — — 5,982 Receivables — — 21,686 — 21,686 Deferred tax assets 30,812 — 36,703 — 67,515 Net investment in subsidiaries 97,923 45,615 — (143,538 ) — Other 50,813 5,522 4,394 (50,814 ) 9,915 TOTAL ASSETS $ 415,401 $ 485,942 $ 729,578 $ (194,352 ) $ 1,436,569 LIABILITIES AND STOCKHOLDERS’ EQUITY CURRENT LIABILITIES Accounts payable $ 3,414 $ 13,391 $ 32,247 $ — $ 49,052 Accrued liabilities and other 22,588 11,207 17,718 — 51,513 Debt 5,334 7,476 4,688 — 17,498 Royalty obligations — 5,747 37,931 — 43,678 Reclamation — 3,401 1,621 (1,151 ) 3,871 31,336 41,222 94,205 (1,151 ) 165,612 NON-CURRENT LIABILITIES Debt 427,604 12,806 61,452 (50,814 ) 451,048 Royalty obligations — 9,623 18,028 — 27,651 Reclamation — 46,792 19,000 1,151 66,943 Deferred tax liabilities 60,343 3,811 76,922 — 141,076 Other long-term liabilities 2,582 469 26,860 — 29,911 Intercompany payable (receivable) (660,792 ) 427,156 233,636 — — (170,263 ) 500,657 435,898 (49,663 ) 716,629 STOCKHOLDERS’ EQUITY Common stock 1,034 250 128,299 (128,549 ) 1,034 Additional paid-in capital 2,789,695 79,712 1,682,830 (1,762,542 ) 2,789,695 Accumulated deficit (2,233,593 ) (133,091 ) (1,611,654 ) 1,744,745 (2,233,593 ) Accumulated other comprehensive income (loss) (2,808 ) (2,808 ) — 2,808 (2,808 ) 554,328 (55,937 ) 199,475 (143,538 ) 554,328 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 415,401 $ 485,942 $ 729,578 $ (194,352 ) $ 1,436,569 |