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) THREE MONTHS ENDED MARCH 31, 2016 In thousands Coeur Mining, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ 93,954 $ 54,433 $ — $ 148,387 COSTS AND EXPENSES Costs applicable to sales (1) — 62,364 39,191 — 101,555 Amortization 423 17,859 9,682 — 27,964 COSTS AND EXPENSES General and administrative 8,080 18 178 — 8,276 Exploration 623 184 924 — 1,731 Write-downs — — 4,446 — 4,446 Pre-development, reclamation, and other 452 1,416 2,336 — 4,204 Total costs and expenses 9,578 81,841 56,757 — 148,176 OTHER INCOME (EXPENSE), NET Fair value adjustments, net (1,582 ) (2,249 ) (4,864 ) — (8,695 ) Other, net 338 2,254 (253 ) (1,025 ) 1,314 Interest expense, net of capitalized interest (10,255 ) (213 ) (1,677 ) 1,025 (11,120 ) Total other income (expense), net (11,499 ) (208 ) (6,794 ) — (18,501 ) Loss before income and mining taxes (21,077 ) 11,905 (9,118 ) — (18,290 ) Income and mining tax (expense) benefit (209 ) (307 ) (1,590 ) — (2,106 ) Total loss after income and mining taxes (21,286 ) 11,598 (10,708 ) — (20,396 ) Equity income (loss) in consolidated subsidiaries 890 (4,479 ) — 3,589 — NET INCOME (LOSS) $ (20,396 ) $ 7,119 $ (10,708 ) $ 3,589 $ (20,396 ) OTHER COMPREHENSIVE INCOME (LOSS), net of tax: Unrealized gain (loss) on marketable securities, net of tax 1,043 976 — (976 ) 1,043 Reclassification adjustments for impairment of marketable securities — — — — — Reclassification adjustments for realized loss on sale of marketable securities 588 (381 ) — 381 588 Other comprehensive income (loss) 1,631 595 — (595 ) 1,631 COMPREHENSIVE INCOME (LOSS) $ (18,765 ) $ 7,714 $ (10,708 ) $ 2,994 $ (18,765 ) (1) Excludes amortization. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) THREE MONTHS ENDED MARCH 31, 2015 In thousands Coeur Mining, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ 88,672 $ 64,284 $ — $ 152,956 COSTS AND EXPENSES Costs applicable to sales (1) — 60,811 54,251 — 115,062 Amortization 502 18,567 14,021 — 33,090 General and administrative 8,750 7 77 — 8,834 Exploration 563 2,458 1,245 — 4,266 Pre-development, reclamation, and other 3,388 1,375 2,000 — 6,763 Total costs and expenses 13,203 83,218 71,594 — 168,015 OTHER INCOME (EXPENSE), NET Fair value adjustments, net (1,046 ) (2,293 ) (1,545 ) — (4,884 ) Other, net 1,280 (1,571 ) (1,398 ) (822 ) (2,511 ) Interest expense, net of capitalized interest (8,855 ) (288 ) (2,444 ) 822 (10,765 ) Total other income (expense), net (8,621 ) (4,152 ) (5,387 ) — (18,160 ) Income (Loss) before income and mining taxes (21,824 ) 1,302 (12,697 ) — (33,219 ) Income and mining tax (expense) benefit 1,550 (350 ) (1,268 ) — (68 ) Income (Loss) after income and mining taxes (20,274 ) 952 (13,965 ) — (33,287 ) Equity income (loss) in consolidated subsidiaries (13,013 ) 809 — 12,204 — NET INCOME (LOSS) $ (33,287 ) $ 1,761 $ (13,965 ) $ 12,204 $ (33,287 ) OTHER COMPREHENSIVE INCOME (LOSS), net of tax: Unrealized gain (loss) on equity securities, net of tax (915 ) (915 ) — 915 (915 ) Reclassification adjustments for impairment of equity securities, net of tax 928 928 — (928 ) 928 Other comprehensive income (loss) 13 13 — (13 ) 13 COMPREHENSIVE INCOME (LOSS) $ (33,274 ) $ 1,774 $ (13,965 ) $ 12,191 $ (33,274 ) (1) Excludes amortization. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS THREE MONTHS ENDED MARCH 31, 2016 In thousands Coeur Mining, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated CASH FLOWS FROM OPERATING ACTIVITIES: Cash provided by (used in) operating activities $ (28,642 ) $ 21,460 $ 10,210 $ 3,589 6,617 CASH FLOWS FROM INVESTING ACTIVITIES Capital expenditures (46 ) (12,790 ) (9,336 ) — (22,172 ) Purchase of investments (7 ) — — — (7 ) Sales and maturities of investments 501 496 — — 997 Other (1,539 ) 4,107 (32 ) — 2,536 Investments in consolidated subsidiaries 3,420 8,179 — (11,599 ) — CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 2,329 (8 ) (9,368 ) (11,599 ) (18,646 ) CASH FLOWS FROM FINANCING ACTIVITIES: Payments on debt, capital leases, and associated costs (250 ) (830 ) (4,891 ) — (5,971 ) Gold production royalty payments — — (9,131 ) — (9,131 ) Net intercompany financing activity (7,879 ) (24,965 ) 24,834 8,010 — Other (280 ) — — — (280 ) CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (8,409 ) (25,795 ) 10,812 8,010 (15,382 ) Effect of exchange rate changes on cash and cash equivalents — 4 82 — 86 NET CHANGE IN CASH AND CASH EQUIVALENTS (34,722 ) (4,339 ) 11,736 — (27,325 ) Cash and cash equivalents at beginning of period 96,123 34,228 70,363 — 200,714 Cash and cash equivalents at end of period $ 61,401 $ 29,889 $ 82,099 $ — $ 173,389 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS THREE MONTHS ENDED MARCH 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 $ (44,918 ) $ 29,908 $ (643 ) $ 12,204 (3,449 ) CASH FLOWS FROM INVESTING ACTIVITIES Capital expenditures (12 ) (7,399 ) (10,209 ) — (17,620 ) Purchase of investments (278 ) — — — (278 ) Sales and maturities of investments — 145 84 — 229 Acquisitions (103,000 ) — 982 — (102,018 ) Other (1,767 ) — 37 — (1,730 ) Investments in consolidated subsidiaries 12,221 (810 ) — (11,411 ) — CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (92,836 ) (8,064 ) (9,106 ) (11,411 ) (121,417 ) CASH FLOWS FROM FINANCING ACTIVITIES: Issuance of notes and bank borrowings 50,000 — 3,500 — 53,500 Payments on long-term debt, capital leases, and associated costs (6,582 ) (1,818 ) (194 ) — (8,594 ) Gold production royalty payments — — (10,368 ) — (10,368 ) Net intercompany financing activity (1,730 ) (19,628 ) 21,358 — — Other (423 ) — 793 (793 ) (423 ) CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 41,265 (21,446 ) 15,089 (793 ) 34,115 Effect of exchange rate changes on cash and cash equivalents — — (523 ) — (523 ) NET CHANGE IN CASH AND CASH EQUIVALENTS (96,489 ) 398 4,817 — (91,274 ) Cash and cash equivalents at beginning of period 210,361 5,781 54,719 — 270,861 Cash and cash equivalents at end of period $ 113,872 $ 6,179 $ 59,536 $ — $ 179,587 CONDENSED CONSOLIDATING BALANCE SHEET MARCH 31, 2016 In thousands Coeur Mining, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS CURRENT ASSETS Cash and cash equivalents $ 61,401 $ 29,889 $ 82,099 $ — $ 173,389 Receivables — 7,978 74,951 — 82,929 Ore on leach pads — 72,703 — — 72,703 Inventory — 40,828 37,769 — 78,597 Prepaid expenses and other 3,419 3,267 6,444 — 13,130 64,820 154,665 201,263 — 420,748 NON-CURRENT ASSETS Property, plant and equipment, net 4,169 153,046 63,733 — 220,948 Mining properties, net — 192,176 381,928 — 574,104 Ore on leach pads — 49,294 — — 49,294 Restricted assets 7,292 381 5,548 — 13,221 Equity securities — 5,530 — — 5,530 Receivables — — 24,114 — 24,114 Deferred tax assets — — 2,750 — 2,750 Net investment in subsidiaries 124,846 19,478 — (144,324 ) — Other 55,604 9,091 5,299 (55,605 ) 14,389 TOTAL ASSETS $ 256,731 $ 583,661 $ 684,635 $ (199,929 ) $ 1,325,098 LIABILITIES AND STOCKHOLDERS’ EQUITY CURRENT LIABILITIES Accounts payable $ 1,857 $ 20,001 $ 25,097 $ — $ 46,955 Accrued liabilities and other 8,340 12,181 21,516 — 42,037 Debt 1,000 11,478 4,323 — 16,801 Royalty obligations — 4,522 16,661 — 21,183 Reclamation — 1,533 1,930 — 3,463 11,197 49,715 69,527 — 130,439 NON-CURRENT LIABILITIES Debt 467,924 17,376 64,605 (55,605 ) 494,300 Royalty obligations — 6,354 — — 6,354 Reclamation — 63,194 20,708 — 83,902 Deferred tax liabilities 28,806 7,263 110,776 — 146,845 Other long-term liabilities 2,106 3,839 52,173 — 58,118 Intercompany payable (receivable) (658,442 ) 389,838 268,604 — — (159,606 ) 487,864 516,866 (55,605 ) 789,519 STOCKHOLDERS’ EQUITY Common stock 1,532 250 160,336 (160,586 ) 1,532 Additional paid-in capital 3,026,871 179,553 1,879,279 (2,058,832 ) 3,026,871 Accumulated deficit (2,621,172 ) (131,630 ) (1,941,373 ) 2,073,003 (2,621,172 ) Accumulated other comprehensive income (loss) (2,091 ) (2,091 ) — 2,091 (2,091 ) 405,140 46,082 98,242 (144,324 ) 405,140 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 256,731 $ 583,661 $ 684,635 $ (199,929 ) $ 1,325,098 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 |