Coeur Mining (CDE) 10-K2017 Q4 Annual report

Filed: 7 Feb 18, 12:00am

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New words: AB, agrarian, amalgamate, Argentum, Astoria, Bald, behalf, Branch, British, Budget, Cayman, Charlie, Chicago, Clarifying, Columbia, concurrent, condemnation, copy, Creek, customer, debenture, deficit, denitrification, Detour, diminishing, double, drawn, drew, Eldorado, energy, error, Este, exit, expert, expiry, fraud, hand, indemnification, JDS, Kaska, Latin, LIBOR, LME, loading, Maverix, Mellon, Metalla, middle, milestone, Montreal, Morita, occurrence, online, oz, passage, PCAOB, platform, policy, pound, preclude, prepaid, prepay, promissory, published, restated, restructure, rulemaking, shift, Silvertip, SSR, standalone, statistical, suggested, Swedish, tender, tendered, thirteen, tranche, trustee, unconditionally, undergoing, unmodified, vulnerability, widespread, Yamana, Zapata

Removed: absence, agent, Aike, Akron, Allied, Amphitheatre, annum, assuming, basalt, Bayo, Blanco, Brooksville, Callahan, carryforward, cateo, CDE, chalcopyrite, Chile, Chon, Cigarra, Colorado, commissioning, Concesion, consent, consulting, consummated, Correnso, corridor, Cruz, decide, Descubrimiento, Deseado, dirt, discoverer, disposed, disseminated, domain, dominantly, Dynasty, Ecology, Ecuador, examination, exploitation, Explotacion, factor, fail, fluctuating, fulfill, galena, Gobernador, guarantee, Gunnison, hardship, hold, increment, interaction, Japan, liquidate, List, locally, Maine, Mandalay, Manifestacion, Massif, maturing, MD, MDs, Miguel, Mina, multiplied, notified, occasion, parcel, partial, payout, PLP, POA, Potosi, presenting, proceeding, reach, recover, request, requested, responded, Rio, sea, sphalerite, stability, step, stockwork, Stone, strike, suffer, sulfide, suspension, termed, transferable, translated, transport, trenching, understood, undertaken, unwilling, updated, Van, voluntary, Washington, worthy, Zaruma

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Exhibit 12

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):



	Year ended December 31,
	2017			2016			2015			2014			2013
Fixed Charges:
Interest expense	$	15,658		$	34,987		$	43,446		$	45,806		$	39,152
Capitalized interest	2,121			1,206			2,992			1,710			2,694
Amortization of public offering costs	809			1,933			2,257			4,775			2,143
Portion of rent expense representative of interest	5,415			4,692			3,998			3,303			4,864
Total fixed charges	$	24,003		$	42,818		$	52,693		$	55,594		$	48,853

Earnings available for fixed charges:
Net income (loss) from continuing operations before income taxes	$	40,105		$	(10,625	)	$	(316,707	)	$	(1,507,581	)	$	(840,661	)
Fixed charges above	24,003			42,818			52,693			55,594			48,853
Less interest capitalized	(2,121		)	(1,206		)	(2,992		)	(1,710		)	(2,694		)
Current period amortization of capitalized interest	1,996			1,985			2,472			4,526			6,519
Total earnings available for fixed charges	63,983			32,972			(264,534		)	(1,449,171		)	(787,983		)

Earnings sufficient (insufficient) to cover fixed charges	$	39,980		$	(9,846	)	$	(317,227	)	$	(1,504,765	)	$	(836,836	)

Ratio of earnings to fixed charges	2.67		x	0.77		x	N/A			N/A			N/A

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