SUPPLEMENTAL GUARANTOR INFORMATION | SUPPLEMENTAL GUARANTOR INFORMATION The following 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 its subsidiaries, and Coeur Capital, Inc. (collectively, the “Subsidiary Guarantors”) of the 2024 Senior Notes. The following schedules present 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 and joint and several obligations. There are no restrictions on the ability of Coeur to obtain funds from the Subsidiary Guarantors by dividend or loan. CONDENSED CONSOLIDATING BALANCE SHEET MARCH 31, 2019 In thousands Coeur Mining, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS CURRENT ASSETS Cash and cash equivalents $ 10,185 $ 10,488 $ 48,360 $ — $ 69,033 Receivables 1,915 7,932 23,683 — 33,530 Ore on leach pads — 74,517 — — 74,517 Inventory — 26,963 33,690 — 60,653 Prepaid expenses and other 6,622 821 6,238 — 13,681 18,722 120,721 111,971 — 251,414 NON-CURRENT ASSETS Property, plant and equipment, net 2,572 177,473 119,711 — 299,756 Mining properties, net 4,753 235,101 722,204 — 962,058 Ore on leach pads — 72,633 — — 72,633 Restricted assets 3,082 206 7,156 — 10,444 Equity and debt securities 25,875 — — — 25,875 Receivables — 1,300 30,271 — 31,571 Net investment in subsidiaries 568,606 45 161 (568,812 ) — Other 296,492 58,211 13,463 (290,552 ) 77,614 TOTAL ASSETS $ 920,102 $ 665,690 $ 1,004,937 $ (859,364 ) $ 1,731,365 LIABILITIES AND STOCKHOLDERS’ EQUITY CURRENT LIABILITIES Accounts payable $ 2,536 $ 17,180 $ 32,061 $ — $ 51,777 Other accrued liabilities 17,478 18,753 65,905 — 102,136 Debt — 16,740 7,780 — 24,520 Reclamation — 1,911 4,641 — 6,552 20,014 54,584 110,387 — 184,985 NON-CURRENT LIABILITIES Debt 381,045 34,623 307,636 (291,035 ) 432,269 Reclamation — 85,328 45,947 — 131,275 Deferred tax liabilities 2,067 3,858 64,886 — 70,811 Other long-term liabilities 5,169 42,703 31,335 483 79,690 Intercompany payable (receivable) (320,528 ) 297,592 22,936 — — 67,753 464,104 472,740 (290,552 ) 714,045 STOCKHOLDERS’ EQUITY Common stock 2,051 20,309 214,400 (234,709 ) 2,051 Additional paid-in capital 3,442,029 164,605 2,054,419 (2,219,024 ) 3,442,029 Accumulated deficit (2,611,745 ) (37,912 ) (1,847,009 ) 1,884,921 (2,611,745 ) Accumulated other comprehensive income (loss) — — — — — 832,335 147,002 421,810 (568,812 ) 832,335 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 920,102 $ 665,690 $ 1,004,937 $ (859,364 ) $ 1,731,365 CONDENSED CONSOLIDATING BALANCE SHEET DECEMBER 31, 2018 In thousands Coeur Mining, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS CURRENT ASSETS Cash and cash equivalents $ 9,768 $ 25,518 $ 79,795 $ — $ 115,081 Receivables 5,333 5,505 18,906 — 29,744 Ore on leach pads — 75,122 — — 75,122 Inventory — 31,678 34,601 — 66,279 Prepaid expenses and other 4,378 1,846 5,169 — 11,393 Assets held for sale — — — — — 19,479 139,669 138,471 — 297,619 NON-CURRENT ASSETS Property, plant and equipment, net 2,755 179,152 116,544 — 298,451 Mining properties, net 4,753 235,638 731,176 — 971,567 Ore on leach pads — 66,964 — — 66,964 Restricted assets 4,872 207 7,054 — 12,133 Equity and debt securities 17,797 9 — — 17,806 Receivables — 1,301 29,850 — 31,151 Net investment in subsidiaries 594,584 57 284 (594,925 ) — Other 291,249 11,619 2,169 (288,228 ) 16,809 TOTAL ASSETS $ 935,489 $ 634,616 $ 1,025,548 $ (883,153 ) $ 1,712,500 LIABILITIES AND STOCKHOLDERS’ EQUITY CURRENT LIABILITIES Accounts payable $ 2,181 $ 19,244 $ 25,785 — $ 47,210 Other accrued liabilities 22,274 14,124 46,221 — 82,619 Debt — 16,873 8,064 — 24,937 Reclamation — 1,911 4,641 — 6,552 24,455 52,152 84,711 — 161,318 NON-CURRENT LIABILITIES Debt 380,854 36,377 304,886 (288,228 ) 433,889 Reclamation — 84,092 44,902 — 128,994 Deferred tax liabilities 218 3,855 74,997 — 79,070 Other long-term liabilities 2,465 4,639 49,613 — 56,717 Intercompany payable (receivable) (325,014 ) 303,084 21,930 — — 58,523 432,047 496,328 (288,228 ) 698,670 STOCKHOLDERS’ EQUITY Common stock 2,033 19,630 214,400 (234,030 ) 2,033 Additional paid-in capital 3,443,082 164,506 2,043,869 (2,208,375 ) 3,443,082 Accumulated deficit (2,592,545 ) (33,719 ) (1,813,760 ) 1,847,480 (2,592,544 ) Accumulated other comprehensive income (loss) (59 ) — — — (59 ) 852,511 150,417 444,509 (594,925 ) 852,512 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 935,489 $ 634,616 $ 1,025,548 $ (883,153 ) $ 1,712,500 CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) THREE MONTHS ENDED MARCH 31, 2019 In thousands Coeur Mining, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ 90,699 $ 64,171 $ — $ 154,870 COSTS AND EXPENSES Costs applicable to sales (1) — 72,022 59,628 — 131,650 Amortization 221 18,445 23,210 — 41,876 General and administrative 9,474 — — — 9,474 Exploration 336 1,124 2,254 — 3,714 Pre-development, reclamation, and other 160 1,943 2,331 — 4,434 Total costs and expenses 10,191 93,534 87,423 — 191,148 OTHER INCOME (EXPENSE), NET Fair value adjustments, net 9,120 — — — 9,120 Other, net 4,998 165 (800 ) (4,303 ) 60 Interest expense, net of capitalized interest (5,729 ) (392 ) (4,636 ) 4,303 (6,454 ) Total other income (expense), net 8,389 (227 ) (5,436 ) — 2,726 Income (loss) from continuing operations before income and mining taxes (1,802 ) (3,062 ) (28,688 ) — (33,552 ) Income and mining tax (expense) benefit (2,077 ) (32 ) 10,767 — 8,658 Income (loss) from continuing operations (3,879 ) (3,094 ) (17,921 ) — (24,894 ) Equity income (loss) in consolidated subsidiaries (21,015 ) (418 ) 283 21,150 — Income (loss) from discontinued operations 5,693 — — — 5,693 NET INCOME (LOSS) $ (19,201 ) $ (3,512 ) $ (17,638 ) $ 21,150 $ (19,201 ) OTHER COMPREHENSIVE INCOME (LOSS), net of tax: Unrealized gain (loss) on debt securities, net of tax 59 — — — 59 COMPREHENSIVE INCOME (LOSS) $ (19,142 ) $ (3,512 ) $ (17,638 ) $ 21,150 $ (19,142 ) (1) Excludes amortization. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) THREE MONTHS ENDED MARCH 31, 2018 In thousands Coeur Mining, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ 93,230 $ 70,037 $ — $ 163,267 COSTS AND EXPENSES Costs applicable to sales (1) — 68,245 31,095 — 99,340 Amortization 246 14,205 16,326 — 30,777 General and administrative 8,797 3 4 — 8,804 Exploration 459 2,245 3,979 — 6,683 Pre-development, reclamation, and other 406 1,947 1,872 — 4,225 Total costs and expenses 9,908 86,645 53,276 — 149,829 OTHER INCOME (EXPENSE), NET Fair value adjustments, net 4,946 (292 ) — — 4,654 Other, net 4,475 (137 ) (106 ) (3,719 ) 513 Interest expense, net of capitalized interest (5,083 ) (353 ) (4,248 ) 3,719 (5,965 ) Total other income (expense), net 4,338 (782 ) (4,354 ) — (798 ) Income (loss) from continuing operations before income and mining taxes (5,570 ) 5,803 12,407 — 12,640 Income and mining tax (expense) benefit 1,638 (1,120 ) (12,467 ) — (11,949 ) Income (loss) from continuing operations (3,932 ) 4,683 (60 ) — 691 Equity income (loss) in consolidated subsidiaries 4,164 (38 ) (170 ) (3,956 ) — Income (loss) from discontinued operations 1,009 (284 ) (175 ) — 550 NET INCOME (LOSS) $ 1,241 $ 4,361 $ (405 ) $ (3,956 ) $ 1,241 OTHER COMPREHENSIVE INCOME (LOSS), net of tax: Unrealized gain (loss) on marketable securities, net of tax (278 ) — — — (278 ) Reclassification adjustments for impairment of equity securities, net of tax — — — — — COMPREHENSIVE INCOME (LOSS) $ 963 $ 4,361 $ (405 ) $ (3,956 ) $ 963 (1) Excludes amortization. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS THREE MONTHS ENDED MARCH 31, 2019 In thousands Coeur Mining, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated CASH FLOWS FROM OPERATING ACTIVITIES: Cash provided by (used in) activities of continuing operations (30,395 ) 8,468 (11,069 ) 21,150 (11,846 ) CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (30,395 ) 8,468 (11,069 ) 21,150 (11,846 ) CASH FLOWS FROM INVESTING ACTIVITIES Capital expenditures (38 ) (14,431 ) (12,969 ) — (27,438 ) Proceeds from the sale of assets — 753 94 — 847 Sales of investments 1,168 — — — 1,168 Other 1,803 — (62 ) — 1,741 Investments in consolidated subsidiaries 21,015 — 135 (21,150 ) — Cash provided by (used in) activities of continuing operations 23,948 (13,678 ) (12,802 ) (21,150 ) (23,682 ) CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 23,948 (13,678 ) (12,802 ) (21,150 ) (23,682 ) CASH FLOWS FROM FINANCING ACTIVITIES: Issuance of notes and bank borrowings, net of issuance costs 15,000 — — — 15,000 Payments on debt, capital leases, and associated costs (15,000 ) (4,387 ) (2,969 ) — (22,356 ) Net intercompany financing activity 10,226 (5,357 ) (4,869 ) — — Other (3,364 ) — — — (3,364 ) Cash provided by (used in) activities of continuing operations 6,862 (9,744 ) (7,838 ) — (10,720 ) CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 6,862 (9,744 ) (7,838 ) — (10,720 ) Effect of exchange rate changes on cash and cash equivalents — 3 198 — 201 NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 415 (14,951 ) (31,511 ) — (46,047 ) Cash, cash equivalents and restricted cash at beginning of period 12,747 25,532 79,790 — 118,069 Cash, cash equivalents and restricted cash at end of period $ 13,162 $ 10,581 $ 48,279 $ — $ 72,022 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS THREE MONTHS ENDED MARCH 31, 2018 In thousands Coeur Mining, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated CASH FLOWS FROM OPERATING ACTIVITIES: Cash provided by (used in) activities of continuing operations $ (7,938 ) $ 5,395 $ 22,040 $ (3,956 ) 15,541 Cash provided by (used in) activities of discontinued operations — — (2,690 ) — (2,690 ) CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (7,938 ) 5,395 19,350 (3,956 ) 12,851 CASH FLOWS FROM INVESTING ACTIVITIES Capital expenditures (83 ) (14,341 ) (27,921 ) — (42,345 ) Proceeds from the sale of assets — 60 — — 60 Purchase of investments (361 ) — — — (361 ) Sales of investments 1,067 552 — — 1,619 Other — — (65 ) — (65 ) Investments in consolidated subsidiaries (4,162 ) 37 169 3,956 — Cash provided by (used in) activities of continuing operations (3,539 ) (13,692 ) (27,817 ) 3,956 (41,092 ) Cash provided by (used in) activities of discontinued operations — — (28,470 ) — (28,470 ) CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (3,539 ) (13,692 ) (56,287 ) 3,956 (69,562 ) CASH FLOWS FROM FINANCING ACTIVITIES: Issuance of notes and bank borrowings 15,000 — 52,577 — — 15,000 Payments on debt, capital leases, and associated costs — (2,395 ) (16,054 ) — (18,449 ) Net intercompany financing activity (20,381 ) (10,946 ) 31,327 — — Other (4,606 ) — — — (4,606 ) Cash provided by (used in) activities of continuing operations (9,987 ) (13,341 ) 15,273 — (8,055 ) Cash provided by (used in) activities of discontinued operations — — (22 ) — (22 ) CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (9,987 ) (13,341 ) 15,251 — (8,077 ) Effect of exchange rate changes on cash and cash equivalents — 2 555 — 557 Less net cash provided by (used in) discontinued operations — — (32,930 ) — (32,930 ) NET CHANGE IN CASH AND CASH EQUIVALENTS (21,464 ) (21,636 ) 11,799 — (31,301 ) Cash and cash equivalents at beginning of period 56,033 52,239 95,130 — 203,402 Cash and cash equivalents at end of period $ 34,569 $ 30,603 $ 106,929 $ — $ 172,101 |