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. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2019 In thousands Coeur Mining, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS CURRENT ASSETS Cash and cash equivalents $ 2,985 $ 27,217 $ 25,443 $ — $ 55,645 Receivables (65 ) 5,978 12,753 — 18,666 Ore on leach pads — 66,192 — — 66,192 Inventory — 24,763 31,123 — 55,886 Prepaid expenses and other 6,202 1,192 6,653 — 14,047 9,122 125,342 75,972 — 210,436 NON-CURRENT ASSETS Property, plant and equipment, net 2,370 167,159 79,260 — 248,789 Mining properties, net 4,452 327,685 379,818 — 711,955 Ore on leach pads — 71,539 — — 71,539 Restricted assets 1,470 206 7,076 — 8,752 Equity and debt securities 35,646 — — — 35,646 Receivables — — 28,709 — 28,709 Net investment in subsidiaries 325,723 85,755 (85,740 ) (325,738 ) — Other 267,281 52,040 20,937 (277,448 ) 62,810 TOTAL ASSETS $ 646,064 $ 829,726 $ 506,032 $ (603,186 ) $ 1,378,636 LIABILITIES AND STOCKHOLDERS’ EQUITY CURRENT LIABILITIES Accounts payable $ 1,277 $ 26,211 $ 41,688 $ — $ 69,176 Other accrued liabilities 9,036 35,547 51,033 — 95,616 Debt — 15,347 7,399 — 22,746 Reclamation — 1,628 1,486 — 3,114 10,313 78,733 101,606 — 190,652 NON-CURRENT LIABILITIES Debt 226,885 32,989 290,325 (277,448 ) 272,751 Reclamation — 91,524 41,893 — 133,417 Deferred tax liabilities 50 8,104 33,822 — 41,976 Other long-term liabilities 4,225 40,012 28,599 — 72,836 Intercompany payable (receivable) (262,413 ) 246,186 16,227 — — (31,253 ) 418,815 410,866 (277,448 ) 520,980 STOCKHOLDERS’ EQUITY Common stock 2,415 20,309 215,792 (236,101 ) 2,415 Additional paid-in capital 3,598,472 337,975 1,960,187 (2,298,162 ) 3,598,472 Accumulated deficit (2,933,747 ) (26,106 ) (2,182,419 ) 2,208,525 (2,933,747 ) Accumulated other comprehensive income (loss) (136 ) — — — (136 ) 667,004 332,178 (6,440 ) (325,738 ) 667,004 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 646,064 $ 829,726 $ 506,032 $ (603,186 ) $ 1,378,636 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 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 CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) YEAR ENDED DECEMBER 31, 2019 In thousands Coeur Mining, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ 414,548 $ 296,954 $ — $ 711,502 COSTS AND EXPENSES Costs applicable to sales (1) — 300,496 250,685 — 551,181 Amortization 876 81,759 96,241 — 178,876 General and administrative 31,913 808 1,772 — 34,493 Exploration 1,492 12,220 8,815 — 22,527 Impairment of long-lived assets — — 250,814 — 250,814 Pre-development, reclamation, and other 346 11,204 6,871 — 18,421 Total costs and expenses 34,627 406,487 615,198 — 1,056,312 OTHER INCOME (EXPENSE), NET Loss on debt extinguishment (1,281 ) — — — (1,281 ) Fair value adjustments, net 16,039 (9 ) — — 16,030 Other, net 18,993 (1,106 ) (3,941 ) (17,139 ) (3,193 ) Interest expense, net of capitalized interest (20,774 ) (2,591 ) (18,545 ) 17,139 (24,771 ) Total other income (expense), net 12,977 (3,706 ) (22,486 ) — (13,215 ) Income (loss) from continuing operations before income and mining taxes (21,650 ) 4,355 (340,730 ) — (358,025 ) Income and mining tax (expense) benefit (1,518 ) (3,750 ) 16,397 — 11,129 Income (loss) from continuing operations (23,168 ) 605 (324,333 ) — (346,896 ) Equity income (loss) in consolidated subsidiaries (323,728 ) (10,100 ) 9,760 324,068 — Income (loss) from discontinued operations 5,693 — — — 5,693 NET INCOME (LOSS) $ (341,203 ) $ (9,495 ) $ (314,573 ) $ 324,068 $ (341,203 ) OTHER COMPREHENSIVE INCOME (LOSS), net of tax: Unrealized gain (loss) on debt and equity securities 59 — — — 59 Unrealized gain (loss) on cash flow hedges (136 ) — — — (136 ) COMPREHENSIVE INCOME (LOSS) $ (341,280 ) $ (9,495 ) $ (314,573 ) $ 324,068 $ (341,280 ) CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) YEAR ENDED DECEMBER 31, 2018 In thousands Coeur Mining, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ 371,248 $ 254,656 $ — $ 625,904 COSTS AND EXPENSES Costs applicable to sales (1) — 285,242 155,708 — 440,950 Amortization 940 61,489 66,044 — 128,473 General and administrative 30,868 398 79 — 31,345 Exploration 1,496 9,294 14,607 — 25,397 Pre-development, reclamation, and other 1,246 11,351 7,446 — 20,043 Total costs and expenses 34,550 367,774 243,884 — 646,208 OTHER INCOME (EXPENSE), NET Fair value adjustments, net 4,056 (418 ) — 3,638 Other, net (403 ) 617 (9,462 ) (15,457 ) (24,705 ) Interest expense, net of capitalized interest (21,563 ) (1,479 ) (16,779 ) 15,457 (24,364 ) Total other income (expense), net (17,910 ) (1,280 ) (26,241 ) — (45,431 ) Income (loss) from continuing operations before income and mining taxes (52,460 ) 2,194 (15,469 ) — (65,735 ) Income and mining tax (expense) benefit (548 ) (1,926 ) 19,254 — 16,780 Income (loss) from continuing operations (53,008 ) 268 3,785 — (48,955 ) Equity income (loss) in consolidated subsidiaries 3,593 (608 ) (74 ) (2,911 ) — Income (loss) from discontinued operations 1,010 (284 ) (176 ) — 550 NET INCOME (LOSS) $ (48,405 ) $ (624 ) $ 3,535 $ (2,911 ) $ (48,405 ) OTHER COMPREHENSIVE INCOME (LOSS), net of tax: Unrealized gain (loss) on debt securities, net of tax 26 — 26 COMPREHENSIVE INCOME (LOSS) $ (48,379 ) $ (624 ) $ 3,535 $ (2,911 ) $ (48,379 ) CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) YEAR ENDED DECEMBER 31, 2017 In thousands Coeur Mining, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ 433,050 $ 276,548 $ — $ 709,598 COSTS AND EXPENSES Costs applicable to sales (1) — 293,340 146,920 — 440,260 Amortization 1,157 71,340 74,052 — 146,549 General and administrative 33,379 28 209 — 33,616 Exploration 1,592 13,689 15,030 — 30,311 Pre-development, reclamation, and other 4,705 7,497 6,734 — 18,936 Total costs and expenses 40,833 385,894 242,945 — 669,672 OTHER INCOME (EXPENSE), NET Loss on debt extinguishments (9,342 ) — — — (9,342 ) Fair value adjustments, net — (864 ) — — (864 ) Other, net 21,254 2,936 10,179 (7,726 ) 26,643 Interest expense, net of capitalized interest (14,657 ) (975 ) (8,534 ) 7,726 (16,440 ) Total other income (expense), net (2,745 ) 1,097 1,645 — (3 ) Income (loss) from continuing operations before income and mining taxes (43,578 ) 48,253 35,248 — 39,923 Income and mining tax (expense) benefit 2,170 (5,758 ) (25,410 ) — (28,998 ) Income (loss) from continuing operations (41,408 ) 42,495 9,838 — 10,925 Equity income (loss) in consolidated subsidiaries 40,089 (577 ) 4,416 (43,928 ) — Income (loss) from discontinued operations — — (12,244 ) — (12,244 ) NET INCOME (LOSS) $ (1,319 ) $ 41,918 $ 2,010 $ (43,928 ) $ (1,319 ) OTHER COMPREHENSIVE INCOME (LOSS), net of tax: Unrealized gain (loss) on debt securities, net of tax 3,227 915 — (915 ) 3,227 Reclassification adjustments for impairment of equity securities, net of tax 426 426 — (426 ) 426 Reclassification adjustments for realized gain (loss) on sale of equity securities, net of tax 1,354 486 — (486 ) 1,354 Other comprehensive income (loss) 5,007 1,827 — (1,827 ) 5,007 COMPREHENSIVE INCOME (LOSS) $ 3,688 $ 43,745 $ 2,010 $ (45,755 ) $ 3,688 CONSOLIDATING STATEMENT OF CASH FLOWS YEAR ENDED DECEMBER 31, 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 $ (377,159 ) $ 125,325 $ 19,646 $ 324,068 $ 91,880 CASH FLOWS FROM INVESTING ACTIVITIES Capital expenditures (491 ) (48,324 ) (50,957 ) — (99,772 ) Proceeds from the sale of assets — 913 120 — 1,033 Purchase of investments (5,019 ) (1 ) (3 ) — (5,023 ) Sales of investments 2,109 — — — 2,109 Proceeds from notes receivable 7,168 — — — 7,168 Other 2,051 32 (164 ) — 1,919 Investments in consolidated subsidiaries 323,561 180 327 (324,068 ) — CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 329,379 (47,200 ) (50,677 ) (324,068 ) (92,566 ) CASH FLOWS FROM FINANCING ACTIVITIES: Issuance of common stock 123,059 — — — 123,059 Issuance of notes and bank borrowings, net of issuance costs 60,000 — — — 60,000 Payments on debt, capital leases, and associated costs (195,878 ) (17,364 ) (8,612 ) — (221,854 ) Silvertip contingent consideration — — (18,697 ) — (18,697 ) Net intercompany financing activity 57,930 (59,061 ) 1,131 — — Other (3,404 ) — — — (3,404 ) CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 41,707 (76,425 ) (26,178 ) — (60,896 ) Effect of exchange rate changes on cash and cash equivalents — (2 ) 533 — 531 NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (6,073 ) 1,698 (56,676 ) — (61,051 ) Cash, cash equivalents and restricted cash at beginning of period 12,748 25,540 79,781 — 118,069 Cash, cash equivalents and restricted cash at end of period $ 6,675 $ 27,238 $ 23,105 $ — $ 57,018 CONSOLIDATING STATEMENT OF CASH FLOWS YEAR ENDED DECEMBER 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 $ (45,313 ) $ 55,656 $ 12,676 $ (2,911 ) 20,108 Cash provided by (used in) activities of discontinued operations — — (2,690 ) — (2,690 ) CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (45,313 ) 55,656 9,986 (2,911 ) 17,418 CASH FLOWS FROM INVESTING ACTIVITIES Capital expenditures (390 ) (58,040 ) (82,357 ) — (140,787 ) Proceeds from the sale of assets 23 446 108 — 577 Purchase of investments (431 ) — 5 — (426 ) Sales of investments 11,694 1,019 — — 12,713 Acquisitions, net of cash acquired — — 6,914 — 6,914 Proceeds from notes receivable 19,000 — — — 19,000 Other 46 217 (252 ) — 11 Investments in consolidated subsidiaries (6,288 ) 159 3,218 2,911 — Cash provided by (used in) activities of continuing operations 23,654 (56,199 ) (72,364 ) 2,911 (101,998 ) Cash provided by (used in) activities of discontinued operations — — (28,470 ) — (28,470 ) CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 23,654 (56,199 ) (100,834 ) 2,911 (130,468 ) CASH FLOWS FROM FINANCING ACTIVITIES: Issuance of notes and bank borrowings, net of issuance costs 95,000 — — — 95,000 Payments on debt, capital leases, and associated costs (60,826 ) (12,239 ) (21,994 ) — (95,059 ) Net intercompany financing activity (50,640 ) (13,906 ) 64,546 — — Other (5,160 ) — — — (5,160 ) Cash provided by (used in) activities of continuing operations (21,626 ) (26,145 ) 42,552 — (5,219 ) Cash provided by (used in) activities of discontinued operations — — (22 ) — (22 ) CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (21,626 ) (26,145 ) 42,530 — (5,241 ) Effect of exchange rate changes on cash and cash equivalents — (11 ) 39 — 28 Less net cash provided by (used in) discontinued operations — — (32,930 ) — (32,930 ) NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (43,285 ) (26,699 ) (15,349 ) — (85,333 ) 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 $ 12,748 $ 25,540 $ 79,781 $ — $ 118,069 CONSOLIDATING STATEMENT OF CASH FLOWS YEAR ENDED DECEMBER 31, 2017 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 $ (8,470 ) $ 118,667 $ 130,491 $ (43,528 ) 197,160 Cash provided by (used in) activities of discontinued operations — — 11,296 — 11,296 CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (8,470 ) 118,667 141,787 (43,528 ) 208,456 CASH FLOWS FROM INVESTING ACTIVITIES Capital expenditures (1,941 ) (85,967 ) (48,826 ) — (136,734 ) Proceeds from the sale of assets 8,917 6,902 886 — 16,705 Purchase of investments (15,057 ) (1 ) — — (15,058 ) Sales of investments 9,157 2,164 — — 11,321 Acquisitions, net of cash acquired (156,248 ) — — — (156,248 ) Other 62 — 2,802 — 2,864 Investments in consolidated subsidiaries (34,419 ) 12,911 (881 ) 22,389 — Cash provided by (used in) activities of continuing operations (189,529 ) (63,991 ) (46,019 ) 22,389 (277,150 ) Cash provided by (used in) activities of discontinued operations — — (1,392 ) — (1,392 ) CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (189,529 ) (63,991 ) (47,411 ) 22,389 (278,542 ) CASH FLOWS FROM FINANCING ACTIVITIES: Issuance of notes and bank borrowings 342,620 — — — 342,620 Payments on debt, capital leases, and associated costs (185,538 ) (7,926 ) (9,581 ) — (203,045 ) Net intercompany financing activity 34,359 (44,540 ) 9,801 380 — Other (3,746 ) — — — (3,746 ) Cash provided by (used in) activities of continuing operations 187,695 (52,466 ) 220 380 135,829 Cash provided by (used in) activities of discontinued operations — — (20,843 ) 20,759 (84 ) CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 187,695 (52,466 ) (20,623 ) 21,139 135,745 Effect of exchange rate changes on cash and cash equivalents — 6 197 — 203 Less net cash provided by (used in) discontinued operations — — (10,939 ) — (10,939 ) NET CHANGE IN CASH AND CASH EQUIVALENTS (10,304 ) 2,216 84,889 — 76,801 Cash and cash equivalents at beginning of period 66,337 50,023 10,241 126,601 Cash and cash equivalents at end of period $ 56,033 $ 52,239 $ 95,130 $ — $ 203,402 |