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, Coeur Capital, Inc., Coeur Sterling, Inc., Sterling Intermediate Holdco, Inc., and Coeur Sterling Holdings LLC (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 SEPTEMBER 30, 2019 In thousands Coeur Mining, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS CURRENT ASSETS Cash and cash equivalents $ 9,254 $ 8,547 $ 47,518 $ — $ 65,319 Receivables (49 ) 10,400 26,944 — 37,295 Ore on leach pads — 75,603 — — 75,603 Inventory — 27,015 30,463 — 57,478 Prepaid expenses and other 8,251 1,077 7,331 — 16,659 17,456 122,642 112,256 — 252,354 NON-CURRENT ASSETS Property, plant and equipment, net 2,448 183,543 122,783 — 308,774 Mining properties, net 4,753 323,342 599,983 — 928,078 Ore on leach pads — 68,975 — — 68,975 Restricted assets 1,460 206 6,582 — 8,248 Equity and debt securities 22,812 — — — 22,812 Receivables — — 27,580 — 27,580 Net investment in subsidiaries 547,518 215 (152 ) (547,581 ) — Other 302,895 54,584 12,660 (297,343 ) 72,796 TOTAL ASSETS $ 899,342 $ 753,507 $ 881,692 $ (844,924 ) $ 1,689,617 LIABILITIES AND STOCKHOLDERS’ EQUITY CURRENT LIABILITIES Accounts payable $ 2,064 $ 27,642 $ 43,221 $ — $ 72,927 Other accrued liabilities 10,265 35,139 72,202 — 117,606 Debt — 15,164 6,775 — 21,939 Reclamation — 1,911 4,641 — 6,552 12,329 79,856 126,839 — 219,024 NON-CURRENT LIABILITIES Debt 226,709 35,233 312,182 (297,343 ) 276,781 Reclamation — 90,144 44,957 — 135,101 Deferred tax liabilities (1,071 ) 8,357 44,248 — 51,534 Other long-term liabilities 4,356 42,987 29,027 — 76,370 Intercompany payable (receivable) (273,788 ) 256,539 17,249 — — (43,794 ) 433,260 447,663 (297,343 ) 539,786 STOCKHOLDERS’ EQUITY Common stock 2,405 20,309 214,400 (234,709 ) 2,405 Additional paid-in capital 3,590,056 242,987 2,006,819 (2,249,806 ) 3,590,056 Accumulated deficit (2,662,786 ) (22,905 ) (1,914,029 ) 1,936,934 (2,662,786 ) Accumulated other comprehensive income (loss) 1,132 — — — 1,132 930,807 240,391 307,190 (547,581 ) 930,807 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 899,342 $ 753,507 $ 881,692 $ (844,924 ) $ 1,689,617 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 SEPTEMBER 30, 2019 In thousands Coeur Mining, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ 116,808 $ 82,661 $ — $ 199,469 COSTS AND EXPENSES Costs applicable to sales (1) — 79,367 61,585 — 140,952 Amortization 216 21,751 23,711 — 45,678 General and administrative 8,973 208 454 — 9,635 Exploration 430 5,010 453 — 5,893 Pre-development, reclamation, and other 15 4,465 371 — 4,851 Total costs and expenses 9,634 110,801 86,574 — 207,009 OTHER INCOME (EXPENSE), NET Loss on debt extinguishment (1,282 ) — — — (1,282 ) Fair value adjustments, net 4,378 (1 ) — — 4,377 Other, net 4,557 (814 ) (3,017 ) (4,360 ) (3,634 ) Interest expense, net of capitalized interest (4,729 ) (838 ) (4,773 ) 4,360 (5,980 ) Total other income (expense), net 2,924 (1,653 ) (7,790 ) — (6,519 ) Income (loss) from continuing operations before income and mining taxes (6,710 ) 4,354 (11,703 ) — (14,059 ) Income and mining tax (expense) benefit 3,808 (3,740 ) (286 ) — (218 ) Income (loss) from continuing operations (2,902 ) 614 (11,989 ) — (14,277 ) Equity income (loss) in consolidated subsidiaries (11,371 ) (4 ) 95 11,280 — NET INCOME (LOSS) $ (14,273 ) $ 610 $ (11,894 ) $ 11,280 $ (14,277 ) OTHER COMPREHENSIVE INCOME (LOSS), net of tax: Unrealized gain (loss) on debt securities, net of tax — — — — — Unrealized gain (loss) on hedges, net of tax of $363 for the three and nine months ended September 30, 2019 1,132 — — — 1,132 COMPREHENSIVE INCOME (LOSS) $ (13,141 ) $ 610 $ (11,894 ) $ 11,280 $ (13,145 ) (1) Excludes amortization. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) THREE MONTHS ENDED SEPTEMBER 30, 2018 In thousands Coeur Mining, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ 89,289 $ 59,506 $ — $ 148,795 COSTS AND EXPENSES Costs applicable to sales (1) — 73,768 43,089 — 116,857 Amortization 232 15,084 15,868 — 31,184 General and administrative 7,682 3 44 — 7,729 Exploration 383 2,245 5,529 — 8,157 Pre-development, reclamation, and other 1,302 5,456 1,363 — 8,121 Total costs and expenses 9,599 96,556 65,893 — 172,048 OTHER INCOME (EXPENSE), NET Fair value adjustments, net 745 (30 ) — — 715 Other, net (14,194 ) (189 ) (2,599 ) (3,921 ) (20,903 ) Interest expense, net of capitalized interest (5,445 ) (372 ) (3,922 ) 3,921 (5,818 ) Total other income (expense), net (18,894 ) (591 ) (6,521 ) — (26,006 ) Income (loss) from continuing operations before income and mining taxes (28,493 ) (7,858 ) (12,908 ) — (49,259 ) Income and mining tax (expense) benefit (430 ) (489 ) (2,866 ) — (3,785 ) Income (loss) from continuing operations (28,923 ) (8,347 ) (15,774 ) — (53,044 ) Equity income (loss) in consolidated subsidiaries (24,122 ) (47 ) (174 ) 24,343 — NET INCOME (LOSS) $ (53,045 ) $ (8,394 ) $ (15,948 ) $ 24,343 $ (53,044 ) OTHER COMPREHENSIVE INCOME (LOSS), net of tax: Unrealized gain (loss) on marketable securities, net of tax 192 — — — 192 COMPREHENSIVE INCOME (LOSS) $ (52,853 ) $ (8,394 ) $ (15,948 ) $ 24,343 $ (52,852 ) (1) Excludes amortization. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS THREE MONTHS ENDED SEPTEMBER 30, 2019 In thousands Coeur Mining, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated CASH FLOWS FROM OPERATING ACTIVITIES: CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES $ (18,772 ) $ 24,553 $ 24,935 $ 11,280 $ 41,996 CASH FLOWS FROM INVESTING ACTIVITIES Capital expenditures (239 ) (16,748 ) (13,691 ) — (30,678 ) Proceeds from the sale of assets — 26 — — 26 Sales of investments 1,007 — — — 1,007 Proceeds from notes receivable — — — — — Other 2 (44 ) (15 ) — (57 ) Investments in consolidated subsidiaries 11,372 45 (137 ) (11,280 ) — CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 12,142 (16,721 ) (13,843 ) (11,280 ) (29,702 ) CASH FLOWS FROM FINANCING ACTIVITIES: Issuance of common stock 73,781 — — — 73,781 Issuance of notes and bank borrowings, net of issuance costs 30,000 — — — 30,000 Payments on debt, capital leases, and associated costs (83,034 ) (3,305 ) (1,439 ) — (87,778 ) Net intercompany financing activity (6,842 ) (12,322 ) 1 19,164 1 — — Other 301 — — — 301 Cash provided by (used in) activities of continuing operations 14,206 (15,627 ) 17,725 — 16,304 Cash provided by (used in) activities of discontinued operations — — — — — CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 14,206 (15,627 ) 17,725 — 16,304 Effect of exchange rate changes on cash and cash equivalents — 74 (266 ) — (192 ) NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 7,576 (7,721 ) 28,551 — 28,406 Cash, cash equivalents and restricted cash at beginning of period 4,043 16,669 18,563 — 39,275 Cash, cash equivalents and restricted cash at end of period $ 11,619 $ 8,948 $ 47,114 $ — $ 67,681 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS THREE MONTHS ENDED SEPTEMBER 30, 2018 In thousands Coeur Mining, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated CASH FLOWS FROM OPERATING ACTIVITIES: CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES $ (37,112 ) $ 7,058 $ 11,500 $ 24,343 $ 5,789 CASH FLOWS FROM INVESTING ACTIVITIES Capital expenditures (119 ) (16,720 ) (22,633 ) — (39,472 ) Proceeds from the sale of assets — 304 89 — 393 Purchase of investments (15 ) — — — (15 ) Sales of investments (126 ) 48 — — (78 ) Proceeds from notes receivable 15,000 — — — 15,000 Other 124 — (60 ) — 64 Investments in consolidated subsidiaries 24,121 56 166 (24,343 ) — CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 38,985 (16,312 ) (22,438 ) (24,343 ) (24,108 ) CASH FLOWS FROM FINANCING ACTIVITIES: Issuance of notes and bank borrowings 25,000 — — — 25,000 Payments on debt, capital leases, and associated costs (20,000 ) (3,535 ) (1,998 ) — (25,533 ) Net intercompany financing activity (7,130 ) (4,844 ) 11,974 — — Other (77 ) — — — (77 ) CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (2,207 ) (8,379 ) 9,976 — (610 ) Effect of exchange rate changes on cash and cash equivalents — (2 ) 185 — 183 NET CHANGE IN CASH AND CASH EQUIVALENTS (334 ) (17,635 ) (777 ) — (18,746 ) Cash and cash equivalents at beginning of period 24,232 40,200 71,594 — 136,026 Cash and cash equivalents at end of period $ 23,898 $ 22,565 $ 70,817 $ — $ 117,280 CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) NINE MONTHS ENDED SEPTEMBER 30, 2019 In thousands Coeur Mining, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ 298,361 $ 218,101 $ — $ 516,462 COSTS AND EXPENSES Costs applicable to sales (1) — 220,680 183,870 — 404,550 Amortization 656 58,922 71,180 — 130,758 General and administrative 24,429 778 1,652 — 26,859 Exploration 1,116 8,219 5,991 — 15,326 Pre-development, reclamation, and other 255 8,397 4,967 — 13,619 Total costs and expenses 26,456 296,996 267,660 — 591,112 OTHER INCOME (EXPENSE), NET Loss on debt extinguishment (1,282 ) — — — (1,282 ) Fair value adjustments, net 8,210 (9 ) — — 8,201 Other, net 14,648 (376 ) (4,230 ) (12,973 ) (2,931 ) Interest expense, net of capitalized interest (16,273 ) (1,738 ) (14,221 ) 12,973 (19,259 ) Total other income (expense), net 5,303 (2,123 ) (18,451 ) — (15,271 ) Income (loss) from continuing operations before income and mining taxes (21,153 ) (758 ) (68,010 ) — (89,921 ) Income and mining tax (expense) benefit 1,420 (4,888 ) 17,454 — 13,986 Income (loss) from continuing operations (19,733 ) (5,646 ) (50,556 ) — (75,935 ) Equity income (loss) in consolidated subsidiaries (56,200 ) (634 ) 355 56,479 — Income (loss) from discontinued operations 5,693 — — — 5,693 NET INCOME (LOSS) $ (70,240 ) $ (6,280 ) $ (50,201 ) $ 56,479 $ (70,242 ) OTHER COMPREHENSIVE INCOME (LOSS), net of tax: Unrealized gain (loss) on debt securities, net of tax 59 — — — 59 Unrealized gain (loss) on hedges, net of tax of $363 for the three and nine months ended September 30, 2019 1,132 — — — 1,132 COMPREHENSIVE INCOME (LOSS) $ (69,049 ) $ (6,280 ) $ (50,201 ) $ 56,479 $ (69,051 ) CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) NINE MONTHS ENDED SEPTEMBER 30, 2018 In thousands Coeur Mining, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ 281,762 $ 200,287 $ — $ 482,049 COSTS AND EXPENSES Costs applicable to sales (1) — 219,948 104,495 — 324,443 Amortization 714 43,876 46,830 — 91,420 General and administrative 24,113 15 55 — 24,183 Exploration 1,168 7,289 12,812 — 21,269 Pre-development, reclamation, and other 1,912 9,391 4,663 — 15,966 Total costs and expenses 27,907 280,519 168,855 — 477,281 OTHER INCOME (EXPENSE), NET Fair value adjustments, net 3,335 (428 ) — 2,907 Other, net (4,890 ) 187 (3,607 ) (11,536 ) (19,846 ) Interest expense, net of capitalized interest (15,786 ) (1,092 ) (12,459 ) 11,536 (17,801 ) Total other income (expense), net (17,341 ) (1,333 ) (16,066 ) — (34,740 ) Income (loss) from continuing operations before income and mining taxes (45,248 ) (90 ) 15,366 — (29,972 ) Income and mining tax (expense) benefit 286 (2,997 ) (16,740 ) — (19,451 ) Income (loss) from continuing operations (44,962 ) (3,087 ) (1,374 ) — (49,423 ) Equity income (loss) in consolidated subsidiaries (4,922 ) (113 ) (590 ) 5,625 — Income (loss) from discontinued operations 1,010 (284 ) (176 ) — 550 NET INCOME (LOSS) $ (48,874 ) $ (3,484 ) $ (2,140 ) $ 5,625 $ (48,873 ) OTHER COMPREHENSIVE INCOME (LOSS), net of tax: Unrealized gain (loss) on debt securities, net of tax (173 ) — — — (173 ) COMPREHENSIVE INCOME (LOSS) $ (49,047 ) $ (3,484 ) $ (2,140 ) $ 5,625 $ (49,046 ) CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS NINE MONTHS ENDED SEPTEMBER 30, 2019 In thousands Coeur Mining, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated CASH FLOWS FROM OPERATING ACTIVITIES: CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES $ (96,935 ) $ 76,116 $ 16,925 $ 56,479 $ 52,585 CASH FLOWS FROM INVESTING ACTIVITIES Capital expenditures (349 ) (38,999 ) (39,517 ) — (78,865 ) Proceeds from the sale of assets — 836 94 — 930 Purchase of investments — — — — — Sales of investments 2,109 — — — 2,109 Proceeds from notes receivable 7,168 — — — 7,168 Other 2,034 69 (142 ) — 1,961 Investments in consolidated subsidiaries 56,112 130 237 (56,479 ) — CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 67,074 (37,964 ) (39,328 ) (56,479 ) (66,697 ) CASH FLOWS FROM FINANCING ACTIVITIES: Issuance of common stock 122,668 — — — 122,668 Issuance of notes and bank borrowings, net of issuance costs 45,000 — — — 45,000 Payments on debt, capital leases, and associated costs (180,841 ) (13,445 ) (6,765 ) — (201,051 ) Net intercompany financing activity 44,863 (48,628 ) 3,765 — — Other (2,958 ) — — — (2,958 ) CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 28,732 (62,073 ) (3,000 ) — (36,341 ) Effect of exchange rate changes on cash and cash equivalents — 76 (11 ) — 65 NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (1,129 ) (23,845 ) (25,414 ) — (50,388 ) Cash, cash equivalents and restricted cash at beginning of period 12,748 32,793 72,528 — 118,069 Cash, cash equivalents and restricted cash at end of period $ 11,619 $ 8,948 $ 47,114 $ — $ 67,681 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS NINE MONTHS ENDED SEPTEMBER 30, 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 $ (36,687 ) $ 33,173 $ 17,925 $ 5,625 20,036 Cash provided by (used in) activities of discontinued operations — — (2,690 ) — (2,690 ) CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (36,687 ) 33,173 15,235 5,625 17,346 CASH FLOWS FROM INVESTING ACTIVITIES Capital expenditures (303 ) (43,598 ) (79,081 ) — (122,982 ) Proceeds from the sale of assets 23 437 89 — 549 Purchase of investments (415 ) — — — (415 ) Sales of investments 11,694 988 — — 12,682 Proceeds from notes receivable 15,000 — — — 15,000 Other 45 109 (188 ) — (34 ) Investments in consolidated subsidiaries 4,922 121 582 (5,625 ) — Cash provided by (used in) activities of continuing operations 30,966 (41,943 ) (78,598 ) (5,625 ) (95,200 ) Cash provided by (used in) activities of discontinued operations — — (28,470 ) — (28,470 ) CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 30,966 (41,943 ) (107,068 ) (5,625 ) (123,670 ) CASH FLOWS FROM FINANCING ACTIVITIES: Issuance of notes and bank borrowings, net of issuance costs 40,000 — — — 40,000 Payments on debt, capital leases, and associated costs (20,000 ) (8,462 ) (19,893 ) — (48,355 ) Net intercompany financing activity (41,498 ) (12,436 ) 53,934 — — Other (4,916 ) — — — (4,916 ) Cash provided by (used in) activities of continuing operations (26,414 ) (20,898 ) 34,041 — (13,271 ) Cash provided by (used in) activities of discontinued operations — — (22 ) — (22 ) CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (26,414 ) (20,898 ) 34,019 — (13,293 ) Effect of exchange rate changes on cash and cash equivalents — (6 ) 571 — 565 Less net cash provided by (used in) discontinued operations — — (32,930 ) — (32,930 ) NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (32,135 ) (29,674 ) (24,313 ) — (86,122 ) Cash, cash equivalents and restricted cash at beginning of period 56,033 52,239 95,130 — 203,402 Cash, cash equivalents and restricted cash at end of period $ 23,898 $ 22,565 $ 70,817 $ — $ 117,280 |