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Coeur D’Alene Mines Corp.$4.74($.04)(.84%)

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 Coeur Reports Fourth Quarter and Full-Year 2017 Results and Provides 2018 Cost Guidance
   Wednesday, February 07, 2018 5:01:02 PM ET

Coeur Mining, Inc. ("Coeur" or the "Company") (CDE ) today reported full-year 2017 net income of $10.9 million, or $0.06 per share, and cash flow from operating activities of $197.2 million, an increase of over 100% compared to 2016. Adjusted EBITDA(1) rose 4% year-over-year to $203.3 million, and free cash flow(1) increased $85.5 million to $60.4 million.

In the fourth quarter, the Company generated net income of $14.3 million, or $0.08 per share, and cash flow from operating activities more than doubled quarter-over-quarter, increasing $54.5 million to $91.8 million. Adjusted EBITDA(1) and free cash flow(1) of $77.0 million and $44.8 million, respectively, increased approximately fivefold compared to the prior quarter.



Strong fourth quarter and full-year financial results were driven by record silver equivalent(1) production of 10.8 million ounces (11.7 million ounces including discontinued operations) and 35.1 million ounces (39.4 million ounces including discontinued operations), respectively, lower costs from the Company’s continuing operations, and decreases in working capital. Lower average debt levels and interest rates led to a 56% reduction in full-year interest expense, which also contributed to improved full-year financial results.

On December 22, 2017, the Company entered into an agreement to sell its wholly-owned Bolivian subsidiary, which owns and operates the San Bartolome mine. The transaction is expected to close in the first quarter. As a result, the mine is presented as a discontinued operation and excluded from consolidated operating statistics and financial results for all periods presented unless otherwise noted. In 2017, San Bartolome produced 4.3 million ounces of silver at adjusted costs applicable to sales ("CAS") per silver ounce(1) of $17.17.

"Coeur’s robust operating performance during the fourth quarter led to strong financial results for the quarter and full year. Our multi-year strategic initiatives are generating higher-quality ounces and strong cash flow from our well-balanced portfolio of North American-based assets," said Mitchell J. Krebs, Coeur’s President and Chief Executive Officer.

"During 2017, we successfully repositioned and strengthened the Company on multiple fronts. We upgraded our portfolio and pipeline of assets to reflect a North American focus with the acquisition of the high-grade Silvertip mine in Canada, our announced divestiture of our highest cost mine in Bolivia and the sales of nine non-core assets. We repositioned our balance sheet to provide greater financial flexibility and materially reduce annual interest expense. By allocating additional capital to near-mine exploration, we expanded our reserve and resource base by double digit percentage increases, which we anticipate will lead to high-return, long-term value for our stockholders."

Highlights

-- Record fourth quarter and full-year silver equivalent(1) production - Fourth quarter and full-year production from continuing operations increased 26% quarter-over-quarter and 14% year-over-year, respectively, to 10.8 million and 35.1 million silver equivalent ounces ("AgEqOz")(1). Higher fourth quarter production was driven by 45% and 26% increases in silver equivalent(1) production at the Rochester and Palmarejo mines, respectively, and a 27% increase in gold production at the Kensington mine. Record full-year production was driven primarily by the Palmarejo mine, where 2017 silver equivalent(1) production rose 64% compared to 2016

-- Improved cost performance from continuing operations - Companywide adjusted all-in sustaining costs ("AISC") per average spot AgEqOz(1) for the fourth quarter decreased 17% quarter-over-quarter to $12.26 and were relatively flat for the full year at $13.82, despite higher diesel and consumables costs during both periods. Palmarejo’s fourth quarter and full-year adjusted CAS per average spot AgEqOz(1) were $6.64 and $8.38, respectively, with fourth quarter unit costs decreasing 24% quarter-over-quarter and 34% year-over-year and full-year unit costs declining 12% compared to 2016

-- Solid execution of key capital projects - In 2017, Coeur completed or achieved major milestones on key capital projects at Palmarejo, Rochester and Kensington. At Palmarejo, the Company reached its target mining rate of 4,500 tons per day one quarter ahead of schedule following a multi-year development and ramp-up period. Rochester’s Stage IV leach pad expansion was commissioned on schedule in the third quarter after three years of permitting and ten months of construction. During the third quarter, the Company began mining the high-grade Jualin deposit at Kensington following two years of underground development

-- Continued portfolio enhancements - During the fourth quarter, Coeur completed its acquisition of the Silvertip mine, which is expected to provide Coeur with high-margin, low-cost production, near-term cash flow, and long-term exploration potential in a low-risk, mining-friendly jurisdiction. In December 2017, the Company announced it had entered into an agreement to divest the San Bartolome mine in Bolivia. The Company’s prior acquisition of Wharf in early 2015 has already generated a return on investment of approximately 20%(3). Coeur also completed the sale of nine non-core assets during the year for total consideration of approximately $40 million

-- Expanded exploration program generating strong returns - Coeur’s total exploration investment increased 66% in 2017 to $41.9 million, including $30.3 million of expensed exploration and $11.6 million of capitalized exploration, and contributed to a 10% increase to silver equivalent(1) reserves, net of depletion, from continuing operations compared to year-end 2016. The largest net increases of 36%, 17% and 5% were achieved at Wharf, Palmarejo and Kensington, respectively, with reserves in the United States now accounting for 73% of total reserves. Measured and indicated silver equivalent(1) resources increased 42% compared to the prior year, while inferred silver equivalent(1) resources increased 45%

-- Meaningful balance sheet improvements achieved - The Company accomplished key balance sheet initiatives during 2017 beginning with the successful refinancing of its 7.875% senior notes due 2021 with 5.875% senior notes due 2024. During the third quarter, Coeur also established a four-year $200 million revolving credit facility, under which the Company drew $100 million to partially fund the Silvertip mine acquisition. Full-year interest expense decreased 56% to $16.4 million from $36.9 million in 2016

"As we enter our 90th year of business, we have strong momentum in positioning Coeur as a leading U.S.-based, North America-focused precious metals mining company," continued Mitchell J. Krebs, Coeur’s President and Chief Executive Officer. "2018 should be another pivotal year as we look to commence production at Silvertip by the end of the first quarter, achieve commercial production at Jualin later in the year and sustain our focus on near-mine exploration. We also expect to publish updated technical reports for Rochester and Kensington in the coming weeks and for Silvertip in the second half of the year. Our team continues to do an outstanding job advancing Coeur’s strategic priorities, and we look forward to delivering strong results in the coming quarters."

Financial and Operating Highlights (Unaudited)

On December 22, 2017, Coeur announced it had entered into an agreement to divest the San Bartolome mine through the sale of its 100%-owned Bolivian subsidiary. As a result, San Bartolome is presented as a discontinued operation and excluded from consolidated operating statistics and financial results for all periods presented unless otherwise noted.

                                                                                                                                                                    
(Amounts in millions, except per share amounts, gold ounces                                   2017                  4Q 2017       3Q 2017        2Q 2017       1Q 2017        2016                  4Q 2016
produced & sold, and per-ounce metrics)
                                                                                 ----------------------------   -------------------- --------   -------------------- ----------   -------------------- ----------   -------------------- --------   -------------------- ---------   -------------------- ----------------------------
Revenue                                                                            $ 709.6                                             $ 214.6                         $ 159.9                           $ 149.5                           $ 185.6                         $ 571.9                          $ 139.2
Costs Applicable to Sales                                                          $ 440.3                                             $ 122.0                         $ 101.6                           $ 102.2                           $ 114.5                         $ 335.4                          $  84.9
General and Administrative Expenses                                                $  33.6                                             $   9.2                         $   7.3                           $   7.0                           $  10.1                         $  29.3                          $   6.6
Net Income (Loss)                                                                  $  10.9                                             $  14.3                         $ (11.7 )                         $ (10.0 )                         $  18.3                         $  22.4                          $ (10.3 )
Net Income (Loss) Per Share                                                        $  0.06                                             $  0.08                         $ (0.06 )                         $ (0.05 )                         $  0.10                         $  0.14                          $ (0.06 )
Adjusted Net Income (Loss)(1)                                                      $   4.2                                             $  14.1                         $ (15.3 )                         $  (1.3 )                         $   6.8                         $  15.6                          $   0.9
Adjusted Net Income (Loss)(1)Per Share                                             $  0.02                                             $  0.08                         $ (0.09 )                         $ (0.01 )                         $  0.04                         $  0.10                          $  0.01
Weighted Average Shares Outstanding                                                  184.1                                               187.0                           179.3                             179.2                             183.1                           163.5                            174.0
EBITDA(1)                                                                          $ 202.9                                             $  69.6                         $  38.6                           $  23.4                           $  71.4                         $ 142.6                          $  24.7
Adjusted EBITDA(1)                                                                 $ 203.3                                             $  77.0                         $  40.2                           $  31.9                           $  54.5                         $ 194.9                          $  41.0
Cash Flow from Operating Activities                                                $ 197.2                                             $  91.8                         $  37.3                           $  24.1                           $  43.9                         $  96.5                          $  21.4
Capital Expenditures                                                               $ 136.7                                             $  47.1                         $  29.0                           $  37.1                           $  23.6                         $  94.4                          $  28.1
Free Cash Flow(1)                                                                  $  60.4                                             $  44.8                         $   8.3                           $ (13.0 )                         $  20.3                         $ (25.1 )                        $  (6.7 )
Cash, Equivalents & Short-Term Investments                                         $ 192.0                                             $ 192.0                         $ 195.7                           $ 201.0                           $ 160.6                         $ 118.3                          $ 118.3
Total Debt(2)                                                                      $ 411.3                                             $ 411.3                         $ 288.7                           $ 284.6                           $ 218.8                         $ 210.6                          $ 210.6
Average Realized Price Per Ounce - Silver                             $ 16.96                                             $ 16.57                         $ 16.86                           $ 16.95                           $ 17.49                         $ 17.08                          $ 16.72
Average Realized Price Per Ounce - Gold                               $ 1,204                                             $ 1,224                         $ 1,240                           $ 1,206                           $ 1,149                         $ 1,230                          $ 1,170
Silver Ounces Produced                                                                12.1                                                 3.7                             3.0                               2.7                               2.7                             9.4                              2.6
Gold Ounces Produced                                                               383,086                                             118,756                          93,293                            82,819                            88,218                         358,170                          102,500
Silver Equivalent Ounces Produced(1)                                                  35.1                                                10.8                             8.6                               7.7                               8.0                            30.8                              8.7
Silver Ounces Sold                                                                    12.7                                                 3.8                             2.9                               2.7                               3.3                             8.9                              2.2
Gold Ounces Sold                                                                   410,604                                             123,564                          89,972                            86,194                           110,874                         338,131                           87,108
Silver Equivalent Ounces Sold(1)                                                      37.3                                                11.1                             8.3                               7.9                              10.0                            29.2                              7.4
Silver Equivalent Ounces Sold (Average Spot)(1)                                       43.0                                                13.2                             9.7                               9.0                              11.1                            33.6                              8.4
Adjusted CAS per AgEqOz(1)                                                         $ 10.62                                             $  9.43                         $ 11.05                           $ 12.02                           $ 10.60                         $ 11.12                          $ 11.45
Adjusted CAS per Average Spot AgEqOz(1)                                            $  9.59                                             $  8.35                         $  9.90                           $ 10.96                           $  9.79                         $ 10.19                          $ 10.59
Adjusted CAS per AuEqOz(1)                                                         $   822                                             $   800                         $   843                           $   860                           $   791                         $   688                          $   676
Adjusted AISC per AgEqOz(1)                                                        $ 15.90                                             $ 14.45                         $ 17.35                           $ 17.81                           $ 14.78                         $ 15.97                          $ 16.13
Adjusted AISC per Average Spot AgEqOz(1)                                           $ 13.82                          $ 12.26                         $ 14.79                           $ 15.58                           $ 13.30                         $ 13.88                          $ 14.29
                                                                                 --- ----- --------------------
                                                                                                                                                                                                                                                                                                                     

Financial Results

Fourth quarter revenue of $214.6 million increased 34% compared to the prior quarter. Silver sales contributed 30% of revenue during the period and gold sales contributed 70% based on average realized prices of $16.57 and $1,224 per ounce, respectively. For the full year, the Company generated revenue of $709.6 million, 24% higher than in 2016 with silver sales contributing 30% and gold 70%. Averaged realized silver and gold prices for the full year were $16.96 and $1,204 per ounce, respectively, marginally declining compared to 2016. The Company’s U.S. operations accounted for approximately 60% of both fourth quarter and full-year revenue.

Average realized gold prices during the fourth quarter and full year reflect the sale of 13,740 and 52,124 gold ounces, respectively, pursuant to Palmarejo’s gold stream agreement at a price of $800 per ounce.

Costs applicable to sales were $122.0 million and $440.3 million for the fourth quarter and full year, respectively, representing period-over-period increases of 20% and 31%. These increases were primarily the result of increased ounces sold as well as higher diesel and consumables costs. General and administrative expenses of $9.2 million in the fourth quarter and $33.6 million for the full year were 26% higher quarter-over-quarter and 15% higher year-over-year, respectively, due to higher employee-related expenses and professional service costs.

Fourth quarter interest expense, net of capitalized interest, increased 53% from the third quarter to $5.5 million as a result of incremental interest related to the Company’s $200 million revolving credit facility (the "Facility"), under which $100 million was drawn to partially fund the Silvertip acquisition in October 2017. For the full year, interest expense, net of capitalized interest, decreased 56% to $16.4 million, due primarily to lower average debt levels compared to 2016 and a lower interest rate on the Company’s senior notes, which were refinanced in the second quarter of 2017.

Expensed exploration was $7.5 million for the fourth quarter, bringing full-year expensed exploration to $30.3 million, an increase of $17.4 million, or 135%, year-over-year.

Fourth quarter and full-year capital expenditures increased 62% quarter-over-quarter and 45% year-over-year, respectively, to $47.1 million and $136.7 million, primarily due to $17.7 million of investments made at Silvertip on underground development drilling, mill and infrastructure upgrades and the purchase of new equipment. Full-year capital expenditures were also higher than 2016 levels due to final construction and commissioning of the Stage IV leach pad expansion at Rochester.

The acquisition of Silvertip also drove higher fourth quarter and full-year pre-development, reclamation, and other expenses of $6.0 million and $18.9 million, respectively.

Fourth quarter free cash flow(1) was $44.8 million, bringing full-year 2017 free cash flow(1) to $60.4 million. This increase of $85.5 million compared to 2016 was driven by record production and sales, improved companywide unit costs, a significant decrease in working capital, and lower interest expense.

Operations

Fourth quarter and full-year 2017 results for each of the Company’s operations are provided below.

Palmarejo, Mexico

                                                                                                                                                                         
(Dollars in millions, except per ounce amounts)                                              2017             4Q 2017           3Q 2017           2Q 2017           1Q 2017         2016            4Q 2016
                                                                                       --------------- -------------------- --------------- -------------------- --------------- -------------------- --------------- -------------------- --------------- -------------------- --------- -------------------- --------------------
Tons milled                                                                                1,498,421                             389,524                              413,086                              335,428                              360,383                          1,078,888                            287,569
Average silver grade (oz/t)                                                                  5.62                                 6.92                                 5.53                                 4.98                                 4.91                              4.66                                4.95
Average gold grade (oz/t)                                                                    0.09                                 0.10                                 0.08                                 0.08                                 0.09                              0.08                                0.09
Average recovery rate - Ag                                                      86.0%                                87.0%                                83.6%                                87.3%                                86.5%                             88.4%                               89.1%
Average recovery rate - Au                                                      90.0%                                92.0%                                83.1%                                91.1%                                93.7%                             86.5%                               90.4%
Silver ounces produced (000’s)                                                               7,242                                2,346                                1,908                                1,457                                1,531                             4,442                               1,269
Gold ounces produced                                                                        121,569                              37,537                               28,948                               24,292                               30,792                            73,913                              23,906
Silver equivalent ounces produced(1)(000’s)                                                 14,536                                4,600                                3,644                                2,914                                3,378                             8,877                               2,703
Silver ounces sold (000’s)                                                                   7,586                                2,343                                1,794                                1,484                                1,965                             3,993                                937
Gold ounces sold                                                                            131,743                              38,953                               26,554                               25,191                               41,045                            59,081                              15,558
Silver equivalent ounces sold(1)(000’s)                                                     15,491                                4,681                                3,387                                2,996                                4,427                             7,538                               1,872
Silver equivalent ounces sold(1) (average                                                   17,301                                5,331                                3,809                                3,324                                4,837                             8,305                               2,042
spot) (000’s)
Metal sales                                                                                 $274.8                                $83.2                                $60.7                                $53.2                                $77.7                            $141.3                               $32.5
Costs applicable to sales                                                                   $146.2                                $36.0                                $33.3                                $33.9                                $43.0                             $80.8                               $20.9
Adjusted CASper AgEqOz(1)                                                                    $9.36                                $7.54                                $9.76                               $11.21                                $9.68                            $10.55                              $11.01
Adjusted CAS per average spot AgEqOz(1)                                                      $8.38                                $6.64                                $8.68                               $10.11                                $8.87                             $9.57                              $10.11
Exploration expense                                                                          $11.9                                $2.7                                 $4.5                                 $3.1                                 $1.6                              $5.1                                $2.4
Cash flow from operating activities                                                         $139.9                                $52.1                                $18.5                                $18.8                                $50.5                             $26.7                              $(1.7)
Sustaining capital expenditures (excludes capital lease payments)                            $22.5                                $4.9                                 $6.5                                 $6.1                                 $5.0                              $22.7                               $3.9
Development capital expenditures                                                             $7.4              $2.1             $(1.0)             $5.1              $1.2           $13.1            $4.2
                                                                                       --------------- -------------------- --------------- -------------------- --------------- -------------------- --------------- -------------------- --------------- -------------------- --------- -------------------- --------------------
   Total capital expenditures                                                                $29.9                                $7.0                                 $5.5                                 $11.2                                $6.2                              $35.8                               $8.1
Free cash flow (before royalties)                                                           $110.0                                $45.1                                $13.0                                $7.6                                 $44.3                            $(9.1)                              $(9.8)
Gold production royalty payments                                                        $--   $--   $--   $--   $--     $27.2       $--
                                                                                       --------------- -------------------- --------------- -------------------- --------------- -------------------- --------------- -------------------- --------------- -------------------- --------- -------------------- --------------------
Free cash flow(1)                                                                           $110.0                                $45.1                                $13.0                                $7.6                                 $44.3                            $(36.3)                             $(9.8)
                                                                                       ---------------
                                                                                                                                                                                                                                                                                                                

-- Fourth quarter silver equivalent(1) production increased 26% quarter-over-quarter and 70% year-over-year to 4.6 million ounces. Full-year 2017 silver equivalent(1) production of 14.5 million ounces was above the high-end of the Company’s guidance range and represented an increase of 64% over 2016

-- Increased silver and gold grades during the fourth quarter and full-year resulted from the mining of higher-grade zones at Independencia. Grades are expected to decrease gradually during 2018

-- Fourth quarter sales of 4.7 million silver equivalent(1) ounces were in-line with production and up 38% quarter-over-quarter, while full-year sales of 15.5 million silver equivalent(1) ounces more than doubled year-over-year due to a reduction in inventory carried over from the fourth quarter of 2016

-- Fourth quarter adjusted CAS per average spot AgEqOz(1) of $6.64 were 24% and 34% lower quarter-over-quarter and year-over-year, respectively, bringing full-year adjusted CAS per average spot AgEqOz(1) to $8.38, below the Company’s guidance range of $9.00-$9.50 per average spot AgEqOz(1)

-- Full year free cash flow(1) of $110.0 million represented a year-over-year increase of $146.3 million and was driven by higher production, lower unit costs, a reduction in inventory carried over from 2016 and lower development capital expenditures

-- Throughout the year, Palmarejo’s exploration program was expanded following positive drill results and the discovery of several new veins. As a consequence, exploration expense of $11.9 million in 2017 more than doubled compared to 2016

-- Full-year 2018 production is expected to be 6.5 - 7.1 million ounces of silver and 110,000 - 115,000 ounces of gold, or 13.1 - 14.0 million silver equivalent(1) ounces. CAS per AgEqOz(1) is expected to be $10.50 - $11.00 on a 60:1 silver equivalent basis and $9.25 - $9.75 on an average spot equivalent basis

-- With mining rates now at steady-state levels of approximately 4,500 tons per day, 2018 capital expenditures, including capitalized exploration, are expected to be approximately $30 - $35 million

Rochester, Nevada

                                                                                                                                             
(Dollars in millions, except per ounce amounts)                                           2017        4Q 2017     3Q 2017     2Q 2017     1Q 2017      2016             4Q 2016
                                                                                       ---------- -------------------- --------- -------------------- --------- -------------------- --------- -------------------- --------- -------------------- ---------- -------------------- --------------------
Ore tons placed                                                                        16,440,270                       4,171,451                      4,262,011                      4,493,100                      3,513,708                     19,555,998                            3,878,487
Average silver grade (oz/t)                                                               0.53                            0.50                           0.53                           0.53                           0.58                           0.57                                 0.57
Average gold grade (oz/t)                                                                 0.003                           0.003                          0.004                          0.003                          0.002                          0.003                                0.002
Silver ounces produced (000’s)                                                            4,714                           1,361                          1,070                          1,156                          1,127                          4,564                                1,277
Gold ounces produced                                                                     51,051                          18,995                         10,955                         10,745                         10,356                         50,751                               14,231
Silver equivalent ounces produced(1)(000’s)                                               7,777                           2,500                          1,727                          1,801                          1,749                          7,609                                2,131
Silver ounces sold (000’s)                                                                4,931                           1,457                          1,050                          1,135                          1,289                          4,584                                1,205
Gold ounces sold                                                                         54,642                          20,002                         10,390                         10,658                         13,592                         49,320                               12,988
Silver equivalent ounces sold(1)(000’s)                                                   8,210                           2,658                          1,674                          1,774                          2,104                          7,543                                1,984
Silver equivalent ounces sold(1) (average                                                 8,961                           2,969                          1,839                          1,913                          2,240                          8,183                                2,128
spot) (000’s)
Metal sales                                                                              $152.7                           $49.7                          $31.2                          $32.8                          $39.0                         $139.9                                $36.2
Costs applicable to sales                                                                $107.9                           $34.0                          $23.3                          $24.2                          $26.4                          $89.7                                $23.7
Adjusted CASper AgEqOz(1)                                                                $13.08                          $12.77                         $13.69                         $13.54                         $12.57                         $11.86                               $11.99
Adjusted CAS per average spot AgEqOz(1)                                                  $11.97                          $11.37                         $12.46                         $12.56                         $11.81                         $10.93                               $11.16
Exploration expense                                                                       $1.4                            $0.5                           $0.5                           $0.3                           $0.1                           $0.8                                 $0.4
Cash flow from operating activities                                                       $32.3                           $26.1                          $1.6                          $(1.1)                          $5.7                           $28.4                                $7.6
Sustaining capital expenditures (excludes capital lease payments)                         $2.7                            $0.9                           $0.5                           $1.1                           $0.2                           $7.8                                 $1.5
Development capital expenditures                                                          $38.2        $5.9        $9.2        $12.7       $10.4       $8.6              $4.3
                                                                                       ---------- -------------------- --------- -------------------- --------- -------------------- --------- -------------------- --------- -------------------- ---------- -------------------- --------------------
   Total capital expenditures                                                             $40.9                           $6.8                           $9.7                           $13.8                          $10.6                          $16.4                                $5.8
Free cash flow(1)                                                                        $(8.6)                           $19.3                         $(8.1)                         $(14.9)                        $(4.9)                          $12.0                                $1.8
                                                                                       ----------
                                                                                                                                                                                                                                                                                    

-- Fourth quarter silver equivalent(1) production increased 45% quarter-over-quarter to 2.5 million ounces, driven by concurrent leaching of the Stage III and Stage IV pads, timing of recoveries from the newly-expanded Stage IV leach pad, and placement of higher gold grade ore during the third and early fourth quarters. Full-year silver equivalent(1) production of 7.8 million ounces was relatively unchanged year-over-year and was near the high-end of the Company’s guidance range

-- Adjusted CAS per average spot AgEqOz(1) for the fourth quarter was $11.37, 9% lower quarter-over-quarter, while adjusted CAS per average spot AgEqOz(1) for the full-year increased 10% to $11.97. Unit costs were higher compared to 2016 primarily due to pre-stripping activity conducted to access higher-grade ore during the second and third quarters and higher diesel prices compared to 2016

-- Fourth quarter free cash flow(1) of $19.3 million reflected higher production and lower development capital expenditures. For the full year, the mine generated negative free cash flow(1) of $8.6 million, which reflected higher capital expenditures in 2017 of $40.9 million related to the Stage IV leach pad expansion project

-- Full-year 2018 production is expected to be 4.2 - 4.7 million ounces of silver and 45,000 - 50,000 ounces of gold, or 6.9 - 7.7 million silver equivalent(1) ounces, at CAS per AgEqOz(1) of $13.25 - $13.75 on a 60:1 silver equivalent basis and $12.00 - $12.50 on an average spot equivalent basis

-- Development capital expenditures in 2017 totaled $38.2 million and were predominantly related to the Stage IV leach pad expansion, which was completed and commissioned during the third quarter. As a result, Rochester is expected to generate strong free cash flow(1) in 2018, with capital expenditures of approximately $7 - $15 million

Wharf, South Dakota

                                                                                                                                                             
(Dollars in millions, except per ounce amounts)                                           2017       4Q 2017     3Q 2017        2Q 2017           1Q 2017            2016               4Q 2016
                                                                                       --------- -------------------- --------- -------------------- --------- -------------------- --------------- -------------------- --------------- -------------------- --------------- -------------------- --------------------
Ore tons placed                                                                         4,560,441                      1,124,785                      1,150,308                          993,167                             1,292,181                            4,268,105                              1,178,803
Average gold grade (oz/t)                                                                 0.027                          0.029                          0.029                             0.024                                0.027                                0.032                                  0.027
Gold ounces produced                                                                     95,372                         27,292                         25,849                            21,358                               20,873                               109,175                                30,675
Silver ounces produced (000’s)                                                             64                             16                             15                                13                                   20                                   105                                    32
Gold equivalent ounces produced(1)                                                       96,431                         27,560                         26,096                            21,568                               21,207                               110,927                                31,202
Silver ounces sold (000’s)                                                                 74                             16                             14                                11                                   33                                   95                                     30
Gold ounces sold                                                                         98,237                         28,975                         23,855                            21,314                               24,093                               108,042                                29,698
Gold equivalent ounces sold(1)                                                           99,472                         29,256                         24,085                            21,495                               24,636                               109,620                                30,204
Metal sales                                                                              $125.9                          $37.3                          $31.3                             $27.0                                $30.3                               $136.7                                  $35.5
Costs applicable to sales                                                                 $69.3                          $19.9                          $17.3                             $15.8                                $16.3                                $66.4                                  $16.9
Adjusted CAS per AuEqOz(1)                                                                $700                           $682                           $719                              $737                                 $670                                 $575                                   $556
Exploration expense                                                                       $0.3                           $0.1                           $0.2                         $--                      $--                      $--                        $--
Cash flow from operating activities                                                       $49.6                          $17.2                          $15.0                             $8.8                                 $8.6                                 $62.4                                  $15.4
Sustaining capital expenditures (excludes capital lease payments)                         $5.8                           $1.6                           $1.8                              $1.5                                 $0.9                                 $4.8                                   $1.3
Development capital expenditures                                                          $3.0        $1.7        $1.3      $--   $--   $--     $--
                                                                                       --------- -------------------- --------- -------------------- --------- -------------------- --------------- -------------------- --------------- -------------------- --------------- -------------------- --------------------
   Total capital expenditures                                                             $8.8                           $3.3                           $3.1                              $1.5                                 $0.9                                 $4.8                                   $1.3
Free cash flow(1)                                                                         $40.8                          $13.9                          $11.9                             $7.3                                 $7.7                                 $57.6                                  $14.1
                                                                                       ---------
                                                                                                                                                                                                                                                                                                    

-- Gold production in the fourth quarter increased 6% quarter-over-quarter to 27,292 ounces, attributable primarily to higher sustained crushing rates and gold grades

-- Full-year gold production of 95,372 ounces was slightly higher than the Company’s guidance range. The 13% year-over-year decline resulted from lower grades following completion of mining at the higher-grade Golden Reward deposit during the third quarter, which was mined for an abbreviated season relative to prior years

-- Tons placed in 2017 reached 4.6 million, up from 4.3 million in 2016 and 3.6 million in 2015

-- Adjusted CAS per AuEqOz(1) declined 5% quarter-over-quarter while full-year adjusted CAS per AuEqOz(1) were $700, at the low end of the Company’s guidance range

-- Wharf generated $13.9 million of free cash flow(1) during the quarter, bringing full-year free cash flow(1) to $40.8 million. Since acquiring the operation in February 2015 for $99 million, Wharf has generated $127.2 million of free cash flow(1)

-- In 2018, Coeur expects gold production to be 85,000 - 90,000 ounces at CAS per AuEqOz(1) of $850 - $900

-- Capital expenditures for 2018 are expected to be approximately $4 - $7 million

Kensington, Alaska

                                                                                                                               
(Dollars in millions, except per ounce amounts)                                          2017     4Q 2017   3Q 2017   2Q 2017   1Q 2017    2016           4Q 2016
                                                                                       ------- -------------------- ------- -------------------- ------- -------------------- ------- -------------------- ------- -------------------- ------- -------------------- --------------------
Tons milled                                                                             668,727                      167,631                      172,038                      163,163                      165,895                      620,209                            163,410
Average gold grade (oz/t)                                                                0.18                         0.22                         0.17                         0.17                         0.17                         0.21                               0.22
Average recovery rate                                                                    93.5%                        92.8%                        94.1%                        93.2%                        94.0%                        94.7%                              94.4%
Gold ounces produced                                                                    115,094                      34,932                       27,541                       26,424                       26,197                       124,331                            33,688
Gold ounces sold                                                                        125,982                      35,634                       29,173                       29,031                       32,144                       121,688                            28,864
Metal sales                                                                             $154.5                        $44.3                        $36.6                        $35.6                        $38.0                       $146.6                              $34.2
Costs applicable to sales                                                               $116.1                        $32.0                        $27.7                        $28.0                        $28.4                        $96.7                              $23.0
Adjusted CAS per AuOz(1)                                                                 $920                         $896                         $946                         $952                         $884                         $790                               $801
Exploration expense                                                                      $8.6                         $2.8                         $3.0                         $2.0                         $0.8                         $3.5                               $1.3
Cash flow from operating activities                                                      $37.6                        $16.8                        $9.3                         $7.0                         $4.5                         $50.8                              $11.4
Sustaining capital expenditures (excludes capital lease payments)                        $20.7                        $8.0                         $6.5                         $3.7                         $2.5                         $22.8                              $8.9
Development capital expenditures                                                         $15.5     $4.0      $3.6      $4.9      $3.0      $14.0           $3.7
                                                                                       ------- -------------------- ------- -------------------- ------- -------------------- ------- -------------------- ------- -------------------- ------- -------------------- --------------------
   Total capital expenditures                                                            $36.2                        $12.0                        $10.1                        $8.6                         $5.5                         $36.8                              $12.6
Free cash flow(1)                                                                        $1.4                         $4.8                        $(0.8)                       $(1.6)                       $(1.0)                        $14.0                             $(1.2)
                                                                                       -------
                                                                                                                                                                                                                                                                      

-- Fourth quarter gold production increased 27% quarter-over-quarter to 34,932 ounces, Kensington’s highest quarterly production since the fourth quarter of 2013. This resulted primarily from mining the higher-grade Raven zone, which drove average grades 29% higher to 0.22 oz/ton

-- Full-year production of 115,094 ounces was below the Company guidance range due to lower-than-expected grades throughout the first nine months of the year. Full-year gold sales exceeded production due to reductions in inventory throughout the year, particularly during the first quarter

-- Adjusted CAS per AuOz(1) declined 5% quarter-over-quarter to $896 per ounce. Adjusted CAS per AuOz(1) for the full year increased 16% compared to the prior year to $920 due to lower grades and production levels. Higher diesel and consumables costs also contributed to the year-over-year increase

-- Exploration expense was $8.6 million for the full year, a $5.1 million increase compared to 2016. During the year, Kensington’s exploration program focused on resource conversion and expansion of the Jualin deposit as well as the expansion of higher-grade areas, such as Raven, which is expected to remain a supplemental source of higher-grade material throughout 2018

-- Mining of development ore continued at Jualin during the fourth quarter, where production is expected to accelerate throughout 2018 as the Company dewaters the mine area to facilitate more efficient drilling, development, and mining activities

-- Free cash flow(1) during the quarter was $4.8 million due to higher production. For the full year, free cash flow(1) was $1.4 million, down $12.6 million compared to 2016

-- Production for the full-year 2018 is expected to total 115,000 - 120,000 ounces of gold at CAS per AuOz(1) of $900 - $950

-- Kensington’s capital expenditures in 2018 are expected to total $35 - $40 million

Exploration

During the fourth quarter, Coeur focused on refining its geologic models and establishing early priorities for its 2018 exploration program. Exploration at Wharf and Rochester ceased during the quarter due to weather conditions, while drilling at Kensington, Palmarejo, and Silvertip continued at reduced pace with three drill rigs active at Palmarejo, three at Kensington, and one at Silvertip. As of early February 2018, there were three rigs active at Silvertip, with a fourth expected later during the month.

Companywide exploration expense and capitalized exploration for the quarter were $7.5 million and $1.9 million, respectively, declining 23% and 62% quarter-over-quarter. Exploration expense for the full year totaled $30.3 million, $17.4 million higher compared to 2016, while capitalized exploration totaled $11.6 million, compared to $12.4 million the prior year.

On December 13, 2017, the Company provided an update of its Palmarejo and Kensington exploration programs, which were expanded throughout the year following encouraging drill results. At Palmarejo, expansion of the Nacion-Dana, La Bavisa, and Zapata veins remain a priority with two drill rigs active at Nacion-Dana as of year-end. Underground drifting was also underway in anticipation of drilling the newly-discovered Portales and Jacobo veins, east of Guadalupe, as well as the Zapata and Madero veins, west of Guadalupe. The Company’s year-end 2017 reserves and resources include initial reserve estimates at Nacion and new inferred resources at Zapata and La Bavisa.

Exploration at Kensington continued to target expansion of the Raven vein, lower Kensington Main Block L, and lower Jualin Vein #4 during the quarter. An initial reserve estimate at Jualin is expected to be included in Kensington’s updated technical report anticipated late in the first quarter of 2018.

At Silvertip, underground development drilling began early during the fourth quarter and targeted resource conversion, while underground access was undergoing preparation for multiple drill rigs in 2018. Results of the planned infill and expansion drill programs are expected to be included in an updated technical report anticipated in the second half of 2018.

2018 Production Outlook

As published on January 8, 2018, the Company’s full-year 2018 production guidance reflects the anticipated commencement of production at Silvertip by the end of the first quarter.

                                                                                                                     
                                                                    Silver                                 Gold                                  Zinc                                 Lead                           Silver Equivalent(1)
                              (K oz)              (oz)              (K lbs)           (K lbs)             (K oz)
----------------------------------------- -------------------- --------------- -------------------- ----------------- -------------------- --------------- -------------------- --------------- -------------------- --------------------
Palmarejo                                                        6,500 - 7,100                       110,000 - 115,000                      --                       --                         13,100 - 14,000
Rochester                                                        4,200 - 4,700                        45,000 - 50,000                       --                       --                          6,900 - 7,700
Kensington                                                      --                       115,000 - 120,000                      --                       --                          6,900 - 7,200
Wharf                                                           --                        85,000 - 90,000                       --                       --                          5,100 - 5,400
Silvertip                                     1,500 - 2,000     --     23,000 - 28,000   23,000 - 28,000      4,030 - 5,080
----------------------------------------- -------------------- --------------- -------------------- ----------------- -------------------- --------------- -------------------- --------------- -------------------- --------------------
Total                                        12,200 - 13,800   355,000 - 375,000   23,000 - 28,000   23,000 - 28,000     36,030 - 39,380
========================================= ==================== =============== ==================== ================= ==================== =============== ==================== =============== ==================== ====================
Total (including discontinued operations)    12,800 - 14,400   355,000 - 375,000   23,000 - 28,000   23,000 - 28,000     36,630 - 39,980
========================================= ==================== =============== ==================== ================= ==================== =============== ==================== =============== ==================== ====================
                                                                                                                                                                                                                      

2017 Cost Performance and 2018 Outlook

The Company’s spot guidance is based on recent observed equivalences and assumes silver-to-gold, -zinc and -lead ratios of 75:1, 0.09:1 and 0.07:1, respectively.

                                                                                                        
                                                                                         2018 Guidance                                                               2017 Results
                                                                     -----------------------------------------------------                     ---------------------------------------------------------
(dollars in millions, except per ounce amounts)         60:1              Spot             60:1            Average Spot
----------------------------------------------- -------------------- --------------- -------------------- --------------- -------------------- -------------- -------------------- --------------------
CAS per AgEqOz(1) - Palmarejo                            $10.50 - $11.00    $9.25 -$9.75                            $9.36               $8.38
CAS per AgEqOz(1) - Rochester                            $13.25 - $13.75                      $12.00 - $12.50                         $13.08                                 $11.97
CAS per AuOz(1) - Kensington                                                 $900 - $950                                                                    $920
CAS per AuEqOz(1) - Wharf                                                    $850 - $900                                                                    $700
CAS per AgEqOz(1) - Silvertip                            $15.00 - $15.50                      $12.00 - $12.50                     --                         --
Capital Expenditures                                                                      $120 - $140                                                                   $136.7
General and Administrative Expenses                                                        $32 - $34                                                                     $33.6
Exploration Expense                                                                        $20 - $25                                                                     $30.3
AISC per AgEqOz(1) from continuing                                    $17.50 - $18.00                      $15.00 - $15.50                         $15.90                                 $13.82
operations
                                                                                                                                                                                    

Financial Results and Conference Call

Coeur will host a conference call to discuss its fourth quarter and full-year 2017 financial results on February 8, 2018 at 11:00 a.m. Eastern Time.

                  
Dial-In Numbers:                      (855) 560-2581 (U.S.)
                                       
                                      (855) 669-9657 (Canada)
                                       
                                      (412) 542-4166 (International)
                                       
Conference ID:                        Coeur Mining
                                       

Hosting the call will be Mitchell J. Krebs, President and Chief Executive Officer of Coeur, who will be joined by Peter C. Mitchell, Senior Vice President and Chief Financial Officer, Frank L. Hanagarne, Jr., Senior Vice President and Chief Operating Officer, Hans Rasmussen, Senior Vice President of Exploration, and other members of management. A replay of the call will be available through February 22, 2018.

                 
Replay numbers:                      (877) 344-7529 (U.S.)
                                      
                                     (855) 669-9658 (Canada)
                                      
                                     (412) 317-0088 (International)
                                      
Conference ID:                       101 15 644
                                      

About Coeur

Coeur Mining, Inc. is a well-diversified, growing precious metals producer with six mines in the Americas employing approximately 2,300 people. Coeur’s wholly-owned continuing operations include the Palmarejo silver-gold complex in Mexico, the Silvertip silver-zinc-lead mine in British Columbia, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, and the Wharf gold mine in South Dakota. In addition, the Company owns the La Preciosa project in Mexico, a silver-gold exploration stage project. Coeur conducts exploration activities in North America.

Cautionary Statements

This news release contains forward-looking statements within the meaning of securities legislation in the United States and Canada, including statements regarding anticipated production, costs, expenses, expectations regarding Silvertip including but not limited to expected commencement of production at Silvertip, grades, exploration and development efforts, expectations regarding the planned sale of San Bartolome and the timing thereof, expectations regarding production from the Jualin deposit at Kensington, expected free cash flow at Rochester, expectations regarding reserve and resource estimates and the timing of filing of technical reports, spot prices, returns, value and results. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause Coeur’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the risk that expectations regarding Silvertip including the timing of commencement of production and obtaining necessary permits are not realized, the risk that the expected sale of San Bartolome does not occur when expected or at all, the risk that commercial production is delayed at the Jualin deposit, the risk that anticipated production, cost, expense, and free cash flow levels are not attained, the risks and hazards inherent in the mining business (including risks inherent in developing large-scale mining projects, environmental hazards, industrial accidents, weather or geologically related conditions), changes in the market prices of gold and silver and a sustained lower price environment, the uncertainties inherent in Coeur’s production, exploratory and developmental activities, including risks relating to permitting and regulatory delays, ground conditions, grade variability, any future labor disputes or work stoppages, the uncertainties inherent in the estimation of gold and silver reserves, changes that could result from Coeur’s future acquisition of new mining properties or businesses, the loss of any third-party smelter to which Coeur markets silver and gold, the effects of environmental and other governmental regulations, the risks inherent in the ownership or operation of or investment in mining properties or businesses in foreign countries, the political risks and uncertainties associated with operations in Bolivia, Coeur’s ability to raise additional financing necessary to conduct its business, make payments or refinance its debt, as well as other uncertainties and risk factors set out in filings made from time to time with the United States Securities and Exchange Commission, and the Canadian securities regulators, including, without limitation, Coeur’s most recent report on Form 10-K. Actual results, developments and timetables could vary significantly from the estimates presented. Readers are cautioned not to put undue reliance on forward-looking statements. Coeur disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, Coeur undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Coeur, its financial or operating results or its securities.

Christopher Pascoe, Coeur’s Director, Technical Services and a qualified person under Canadian National Instrument 43-101, approved the scientific and technical information concerning Coeur’s mineral projects in this news release. For a description of the key assumptions, parameters and methods used to estimate mineral reserves and resources, as well as data verification procedures and a general discussion of the extent to which the estimates may be affected by any known environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant factors, Canadian investors should refer to the Technical Reports for each of Coeur’s properties as filed on SEDAR at www.sedar.com.

Non-U.S. GAAP Measures

We supplement the reporting of our financial information determined under United States generally accepted accounting principles (U.S. GAAP) with certain non-U.S. GAAP financial measures, including EBITDA, adjusted EBITDA, adjusted net income (loss), costs applicable to sales per silver equivalent ounce (or per gold equivalent ounce or per average spot silver equivalent ounce), adjusted costs applicable to sales per silver equivalent ounce (or per gold equivalent ounce or per average spot silver equivalent ounce), adjusted costs applicable to sales per silver ounce (or per gold ounce), all-in sustaining costs, and adjusted all-in sustaining costs. We believe that these adjusted measures provide meaningful information to assist management, investors and analysts in understanding our financial results and assessing our prospects for future performance. We believe these adjusted financial measures are important indicators of our recurring operations because they exclude items that may not be indicative of, or are unrelated to our core operating results, and provide a better baseline for analyzing trends in our underlying businesses. We believe EBITDA, adjusted EBITDA, adjusted net income (loss), costs applicable to sales per silver equivalent ounce (or per gold equivalent ounce or per average spot silver equivalent ounce), adjusted costs applicable to sales per silver equivalent ounce (or per gold equivalent ounce or per average spot silver equivalent ounce), adjusted costs applicable to sales per silver ounce (or per gold ounce), all-in sustaining costs, and adjusted all-in sustaining costs are important measures in assessing the Company’s overall financial performance. For additional explanation regarding our use of non-U.S. GAAP financial measures, please refer to our Form 10-K for the year ended December 31, 2017.

Notes

1. EBITDA, adjusted EBITDA, adjusted net income (loss), costs applicable to sales per silver equivalent ounce (or per gold equivalent ounce or per average spot silver equivalent ounce), adjusted costs applicable to sales per silver equivalent ounce (or per gold equivalent ounce or per average spot silver equivalent ounce), adjusted costs applicable to sales per silver ounce (or per gold ounce), all-in sustaining costs, and adjusted all-in sustaining costs are non-GAAP measures. Please see tables in the Appendix for the reconciliation to U.S. GAAP. Free cash flow is defined as cash flow from operating activities less capital expenditures and gold production royalty payments. Please see table in Appendix for the calculation of consolidated free cash flow. Silver and gold equivalence assumes a 60:1 silver-to-gold ratio, except where noted as average spot prices. Please see the table below for average applicable spot prices and corresponding ratios. Silver and zinc equivalence assumes a 0.06:1 silver-to-zinc ratio. Silver and lead equivalence assumes a 0.05:1 silver-to-lead ratio.

2. Includes capital leases. Net of debt issuance costs and premium received.

3. Return on investment determined based on final acquisition cost of $99.5 million in February 2015 and free cash flows of $28.8 million, $57.6 million and $40.8 million in 2015, 2016 and 2017, respectively. Mid-period convention was used in calculating the return on investment.

Average Spot Prices

                                                                                                               
                         2017       4Q 2017     3Q 2017     2Q 2017     1Q 2017     2016             4Q 2016
--------------------------------------- -------------------- ----------------------------- ------------------------------ ------------------------------ ------------------------------ ------------------------------ ----------------------------- ----------------------
Average Silver Spot Price Per Ounce                          $ 17.05                        $ 16.73                        $ 16.84                        $ 17.21                        $ 17.42                       $ 17.14                                $      17.19
Average Gold Spot Price Per Ounce                            $ 1,257                        $ 1,275                        $ 1,278                        $ 1,257                        $ 1,219                       $ 1,251                                $      1,222
Average Silver to Gold Spot Equivalence                          74:1                           76:1                           76:1                           73:1                           70:1                          73:1                                       71:1
                                                             ---------
                                                                                                                                                                                                                                                      
                                                                                                     COEUR MINING, INC. AND SUBSIDIARIES
                                                                                                                CONSOLIDATED
                                                                                                  STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
                                                                                                             
                                                                   
                                                                                                                                                      Year ended December 31,
                                                                                       -----------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                       2017                                 2016                                 2015
                                                                                       -------------------------------------                     ----------------------------------------------------- -------------------------------------
                                                                                                                                                  In thousands, except share data
Revenue                                                                                      $ 709,598                                             $ 571,897                             $  561,407
COSTS AND EXPENSES
Costs applicable to sales(1)                                                                   440,260                                               335,375                                                   403,827
Amortization                                                                                   146,549                                               116,528                                                   125,953
General and administrative                                                                      33,616                                                29,275                                                    32,636
Exploration                                                                                     30,311                                                12,930                                                    11,521
Write-downs                                                                             --                                                 4,446                                                   246,625
Pre-development, reclamation, and other                                                         18,936                             14,411              16,204  
                                                                                       ------------------------------------                      -------------------------------- -------------------- ------------------------------------
    Total costs and expenses                                                                   669,672                                               512,965                                                   836,766
OTHER INCOME (EXPENSE), NET
Gain (loss) on debt extinguishment                                                              (9,342 )                                             (21,365 )                                                  15,916
Fair value adjustments, net                                                                       (864 )                                             (11,581 )                                                   5,202
Interest expense, net of capitalized interest                                                  (16,440 )                                             (36,896 )                                                 (44,978 )
Other, net                                                                                      26,643                                 98             (17,667 )
                                                                                       ------------------------------------                      -------------------------------- -------------------- ------------------------------------
    Total other income (expense), net                                                               (3 )                                             (69,744 )                              (41,527 )
                                                                                       ------------------------------------                      -------------------------------- -------------------- ------------------------------------
Income (loss) before income and mining taxes                                                    39,923                                               (10,812 )                                                (316,886 )
Income and mining tax (expense) benefit                                                        (28,998 )                                              33,247              29,075  
                                                                                       ------------------------------------                      -------------------------------- -------------------- ------------------------------------
Income (loss) from continuing operations                                                     $  10,925                                             $  22,435                                                $ (287,811 )
Income (loss) from discontinued operations                                                     (12,244 )                                              32,917             (79,372 )
                                                                                       ------------------------------------                      -------------------------------- -------------------- ------------------------------------
NET INCOME (LOSS)                                                                            $  (1,319 )                                           $  55,352                                                $ (367,183 )
OTHER COMPREHENSIVE INCOME (LOSS), net of tax:
Unrealized gain (loss) on equity securities, net of tax of ($767)                                3,227                                                 3,222                                                    (4,154 )
for the year ended December 31, 2016
Reclassification adjustments for impairment of equity securities                                   426                                                   703                                                     2,346
Reclassification adjustments for realized (gain) loss on sale of                                 1,354                             (2,691 )                                  894  
equity securities
                                                                                       --------------  --------------------                      ----------  -------------------- -------------------- --------------  --------------------
Other comprehensive income (loss)                                                                5,007                              1,234                (914 )
                                                                                       ------------------------------------                      -------------------------------- -------------------- ------------------------------------
COMPREHENSIVE INCOME (LOSS)                                                                  $   3,688                          $  56,586          $ (368,097 )
                                                                                       ======= ======= ====================                      === ======= ==================== ==================== ====== ======== ====================
                                                                                                                                                                                                        
NET INCOME (LOSS) PER SHARE
Basic income (loss) per share:
Net income (loss) from continuing operations                                                 $    0.06                                             $    0.14                                                $    (2.22 )
Net income (loss) from discontinued operations                                                   (0.07 )                                                0.21                                  (0.61 )
                                                                                       ------------------------------------                      --------------------------------                      ------------------------------------
Basic                                                                                        $   (0.01 )                                           $    0.35          $    (2.83 )
                                                                                       ======= ======= ====================                      === ======= ==================== ==================== ====== ======== ====================
Diluted income (loss) per share:
Net income (loss) from continuing operations                                                 $    0.06                                             $    0.14                                                $    (2.22 )
Net income (loss) from discontinued operations                                                   (0.07 )                                                0.20                                  (0.61 )
                                                                                       ------------------------------------                      --------------------------------                      ------------------------------------
Diluted                                                                                      $   (0.01 )                                           $    0.34          $    (2.83 )
                                                                                       ======= ======= ====================                      === ======= ==================== ==================== ====== ======== ====================
                                                                                                                                                                                                                        
                                                                                                       COEUR MINING, INC. AND SUBSIDIARIES
                                                                                                                  CONSOLIDATED
                                                                                                            STATEMENTS OF CASH FLOWS
                                                                                                               
                                                                  
                                                                                                                                                       Years ended December 31,
                                                                                      ----------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                      2017                                   2016                                    2015
                                                                                      --------------------------------------------------------- --------------------------------------------------------- --------------------------------------
                                                                                                                                                             In thousands
CASH FLOWS FROM OPERATING ACTIVITIES:                                                                                                                              
Net (income) loss                                                                           $  (1,319 )                                               $  55,352                                                 $ (367,183 )
(Income) loss from discontinued operations                                                     12,244                                                   (32,917 )                                                   79,372
Adjustments:
    Amortization                                                                              146,549                                                   116,528                                                    125,953
    Accretion                                                                                   9,980                                                     9,142                                                     13,332
    Deferred taxes                                                                            (13,888 )                                                 (54,184 )                                                  (38,496 )
    Loss (gain) on debt extinguishment                                                          9,342                                                    21,365                                                    (15,916 )
    Fair value adjustments, net                                                                   864                                                    11,581                                                     (5,202 )
    Stock-based compensation                                                                   10,541                                                     9,715                                                      9,272
    Gain on sale of the Joaquin project                                                       (21,138 )                                          --                                             --
    Write-downs                                                                        --                                                     4,446                                                    246,625
    Other                                                                                      (7,974 )                                                     356                                                     18,983
Changes in operating assets and liabilities:
    Receivables                                                                                18,895                                                    (2,783 )                                                   (5,022 )
    Prepaid expenses and other current assets                                                  (2,015 )                                                  (4,420 )                                                    5,702
    Inventory and ore on leach pads                                                            23,517                                                   (34,610 )                                                   15,578
    Accounts payable and accrued liabilities                                                   11,562                                 (3,110 )                                                    4,414  
                                                                                      ------------------------------------                      ------------------------------------                      -------------------------------------
CASH PROVIDED BY OPERATING ACTIVITIES OF CONTINUING OPERATIONS                                197,160                                                    96,461                                                     87,412
CASH PROVIDED BY OPERATING ACTIVITIES OF DISCONTINUED OPERATIONS                               11,296                                 29,356                                  26,130  
                                                                                      ------------------------------------                      ------------------------------------                      -------------------------------------
CASH PROVIDED BY OPERATING ACTIVITIES                                                         208,456                                                   125,817                                                    113,542
CASH FLOWS FROM INVESTING ACTIVITIES:
    Capital expenditures                                                                     (136,734 )                                                 (94,382 )                                                  (88,973 )
    Acquisitions, net                                                                        (156,248 )                                                  (1,417 )                                                 (110,846 )
    Proceeds from the sale of assets                                                           16,705                                                    16,296                                                        607
    Purchase of investments                                                                   (15,058 )                                                    (178 )                                                   (1,880 )
    Sale of investments                                                                        11,321                                                     7,077                                                        605
    Other                                                                                        (217 )                                                  (4,208 )                                                   (4,586 )
                                                                                      ------------------------------------                      ------------------------------------                      -------------------------------------
CASH USED IN INVESTING ACTIVITIES OF CONTINUING OPERATIONS                                   (280,231 )                                                 (76,812 )                                                 (205,073 )
CASH USED IN INVESTING ACTIVITIES OF DISCONTINUED OPERATIONS                                   (1,392 )                                                  (6,631 )                                                   (6,220 )
                                                                                      ------------------------------------                      ------------------------------------                      -------------------------------------
CASH USED IN INVESTING ACTIVITIES                                                            (281,623 )                                                 (83,443 )                                                 (211,293 )
CASH FLOWS FROM FINANCING ACTIVITIES:
    Issuance of common stock                                                           --                                                   269,556                                             --
    Issuance of notes and bank borrowings, net of issuance costs                              342,620                                            --                                                    150,000
    Payments on debt, capital leases, and associated costs                                   (203,045 )                                                (318,153 )                                                  (70,603 )
    Gold production royalty payments                                                   --                                                   (27,155 )                                                  (39,235 )
    Other                                                                                      (3,746 )                                                     172                                    (542 )
                                                                                      ------------------------------------                      ------------------------------------                      -------------------------------------
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES OF CONTINUING                                 135,829                                                   (75,580 )                                                   39,620
OPERATIONS
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES OF DISCONTINUED                                   (84 )                                                  (4,648 )                                                  (10,612 )
OPERATIONS
                                                                                      --------------  --------------------                      --------------  --------------------                      ---------------  --------------------
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES                                               135,745                                (80,228 )                                                   29,008  
                                                                                      ------------------------------------                      ------------------------------------                      -------------------------------------
Effect of exchange rate changes on cash and cash equivalents                                      203                                   (678 )                                                   (1,404 )
                                                                                      ------------------------------------                      ------------------------------------                      -------------------------------------
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                                               62,781                                                   (38,532 )                                                  (70,147 )
    Less net cash provided by (used in) discontinued operations                               (10,939 )                                                   1,576                                  11,552  
                                                                                      ------------------------------------                      ------------------------------------                      -------------------------------------
                                                                                               73,720                                (40,108 )                                                  (81,699 )
                                                                                      ------------------------------------                      ------------------------------------                      -------------------------------------
    Cash and cash equivalents at beginning of period                                          118,312                                158,420                                 240,119  
                                                                                      ------------------------------------                      ------------------------------------                      -------------------------------------
    Cash and cash equivalents at end of period                                              $ 192,032                              $ 118,312                              $  158,420  
                                                                                      ======= ======= ====================                      ======= ======= ====================                      ======= ======== ====================
                                                                                                                                                                                                                            
                                                                                 COEUR MINING, INC. AND SUBSIDIARIES
                                                                                            CONSOLIDATED
                                                                                           BALANCE SHEETS
                                                                                                                         
                                                                                                             December 31, 2017                                            December 31, 2016
                                                                                               --------------------------------------------                     -------------------------------------
                                  ASSETS                                                                                           In thousands, except share data
CURRENT ASSETS
Cash and cash equivalents                                                                            $        192,032                                               $   118,312
Receivables                                                                                                    19,069                                                    53,415
Inventory                                                                                                      58,230                                                    93,436
Ore on leach pads                                                                                              73,752                                                    64,167
Prepaid expenses and other                                                                                     15,053                                                    10,015
Assets held for sale                                                                                           91,421                                 71,442  
                                                                                               -------------------------------------------                      ------------------------------------
                                                                                                              449,557                                                   410,787
NON-CURRENT ASSETS
Property, plant and equipment, net                                                                            254,737                                                   193,423
Mining properties, net                                                                                        829,569                                                   550,290
Ore on leach pads                                                                                              65,393                                                    67,231
Restricted assets                                                                                              20,847                                                    17,597
Equity and debt securities                                                                                     34,837                                                     4,488
Receivables                                                                                                    28,750                                                    13,745
Other                                                                                                          17,485                                                    12,585
Assets held for sale                                                                                 $ --                            $    48,763  
                                                                                               ------- -------------- --------------------                      ----- --------- --------------------
    TOTAL ASSETS                                                                                     $      1,701,175                            $ 1,318,909  
                                                                                               ======= ============== ====================                      ===== ========= ====================
      LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable                                                                                     $         48,592                                               $    44,660
Accrued liabilities and other                                                                                  94,930                                                    36,445
Debt                                                                                                           30,753                                                    11,955
Royalty obligations                                                                                    --                                                     4,995
Reclamation                                                                                                     3,777                                                     3,109
Liabilities held for sale                                                                                      50,677                                 15,470  
                                                                                               -------------------------------------------                      ------------------------------------
                                                                                                              228,729                                                   116,634
NON-CURRENT LIABILITIES
Debt                                                                                                          380,569                                                   198,682
Royalty obligations                                                                                    --                                                     4,292
Reclamation                                                                                                   117,055                                                    85,592
Deferred tax liabilities                                                                                      105,148                                                    69,811
Other long-term liabilities                                                                                    54,697                                                    41,654
Liabilities held for sale                                                                              --                                 33,757  
                                                                                               -------------------------------------------                      ------------------------------------
                                                                                                              657,469                                                   433,788
STOCKHOLDERS’ EQUITY
Common stock, par value $0.01 per share; authorized 300,000,000                                                 1,856                                                     1,809
shares, issued and outstanding 185,637,724 at December 31, 2017 and
180,933,287 at December 31, 2016
Additional paid-in capital                                                                                  3,357,345                                                 3,314,590
Accumulated other comprehensive income (loss)                                                                   2,519                                                    (2,488 )
Accumulated deficit                                                                                        (2,546,743 )                                              (2,545,424 )
                                                                                               -------------------------------------------                      ------------------------------------
                                                                                                              814,977                                768,487  
                                                                                               -------------------------------------------                      ------------------------------------
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY                            $      1,701,175                            $ 1,318,909  
                                                                                               ======= ============== ====================                      ===== ========= ====================
                                                                                                                                                                                 
                                                                                                                                                                                                                       Adjusted EBITDA Reconciliation
                                                                                                                                                                                                                                                                                                  
(Dollars in thousands except per share amounts)                                             2017                                                     4Q 2017                                                   3Q 2017                                                   2Q 2017                                                   1Q 2017                                                    2016                                                     4Q 2016
                                                                            -------------------------------------                     -------------------------------------                     -------------------------------------                     -------------------------------------                     -------------------------------------                     -------------------------------------                     -------------------------------------
Net income (loss)                                                                 $  (1,319 )                                               $   7,625                                                 $ (16,652 )                                               $ (10,955 )                                               $  18,663                                                 $  55,352                                                 $  (8,306 )
(Income) loss from discontinued operations, net of tax                               12,244                                                     6,724                                                     4,924                                                       960                                                      (364 )                                                 (32,917 )                                                  (2,020 )
Interest expense, net of capitalized interest                                        16,440                                                     5,522                                                     3,595                                                     3,744                                                     3,579                                                    36,896                                                     6,851
Income tax provision (benefit)                                                       28,998                                                     4,957                                                    14,289                                                    (1,126 )                                                  10,878                                                   (33,247 )                                                    (495 )
Amortization                                                                        146,549                                 44,722                                 32,401                                 30,733                                 38,693                                116,528                                 28,625  
                                                                            ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------
    EBITDA                                                                          202,912                                                    69,550                                                    38,557                                                    23,356                                                    71,449                                                   142,612                                                    24,655
Fair value adjustments, net                                                             864                                            --                                            --                                                      (336 )                                                   1,200                                                    11,581                                                    (1,654 )
Impairment of equity and debt securities                                                426                                            --                                            --                                                       305                                                       121                                                       703                                                       683
Foreign exchange (gain) loss                                                         (1,281 )                                                     672                                                        39                                                      (786 )                                                  (1,206 )                                                  11,455                                                     3,595
Gain on sale of Joaquin project                                                     (21,138 )                                          --                                            --                                            --                                                   (21,138 )                                          --                                            --
(Gain) loss on sale of assets and securities                                              1                                                       499                                                    (2,051 )                                                    (513 )                                                   2,066                                                   (11,334 )                                                     339
Gain on repurchase of Rochester royalty                                              (2,332 )                                          --                                            --                                                    (2,332 )                                          --                                            --                                            --
Loss on debt extinguishment                                                           9,342                                            --                                            --                                                     9,342                                            --                                                    21,365                                                    11,325
Corporate reorganization costs                                               --                                            --                                            --                                            --                                            --                                            --                                            --
Transaction costs                                                                     3,757                                                     2,938                                                       819                                            --                                            --                                                     1,199                                                         1
Asset retirement obligation accretion                                                 8,983                                                     2,475                                                     2,223                                                     2,169                                                     2,116                                                     7,263                                                     1,860
Inventory adjustments and write-downs                                                 1,806                                                       885                                                       659                                                       715                                                       (94 )                                                   5,590                                                       189
Write-downs                                                                  --                         --                         --                         --                         --                                  4,446                         --  
                                                                            ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------
    Adjusted EBITDA                                                               $ 203,340           $  77,019           $  40,246           $  31,920                              $  54,514                              $ 194,880                              $  40,993  
                                                                            ======= ======= ==================== -------------------- ======= ======= ==================== -------------------- ======= ======= ==================== -------------------- ======= ======= ====================                      ======= ======= ====================                      ======= ======= ====================                      ======= ======= ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                         
                                                                                                                                                                                                         Adjusted Net Income (Loss) Reconciliation
                                                                                                                                                                                                                                                                                
(Dollars in thousands except per share amounts)                                             2017                                                     4Q 2017                                          3Q 2017                                          2Q 2017                                                   1Q 2017                                                    2016                                                     4Q 2016
                                                                            -------------------------------------                     -------------------------------------                     -------------------                     -------------------------------------                     -------------------------------------                     -------------------------------------                     -------------------------------------
Net income (loss)                                                                 $  (1,319 )                                               $   7,625                                                 $ (16,652 )                             $ (10,955 )                                               $  18,663                                                 $  55,352                                                 $  (8,306 )
(Income) loss from discontinued operations, net of tax                               12,244                                                     6,724                                                     4,924                                     960                                                      (364 )                                                 (32,917 )                                                  (2,020 )
Fair value adjustments, net                                                             864                                            --                                            --                                    (336 )                                                   1,200                                                    11,581                                                    (1,654 )
Impairment of equity and debt securities                                                426                                            --                                            --                                     305                                                       121                                                       703                                                       683
Write-downs                                                                  --                                            --                                            --                          --                                            --                                                     4,446                                            --
Inventory write-downs                                                        --                                            --                                            --                          --                                            --                                                     3,689                                            --
Gain on sale of Joaquin project                                                     (21,138 )                                          --                                            --                          --                                                   (21,138 )                                          --                                            --
(Gain) loss on sale of assets and securities                                              1                                                       499                                                    (2,051 )                                  (513 )                                                   2,066                                                   (11,334 )                                                     339
Gain on repurchase of Rochester royalty                                              (2,332 )                                          --                                            --                                  (2,332 )                                          --                                            --                                            --
(Gain) loss on debt extinguishment                                                    9,342                                            --                                            --                                   9,342                                            --                                                    21,365                                                    11,325
Corporate reorganization costs                                               --                                            --                                            --                          --                                            --                                            --                                            --
Transaction costs                                                                     3,757                                                     2,938                                                       819                          --                                            --                                                     1,199                                                         1
Deferred tax on reorganization                                               --                                            --                                            --                          --                                            --                                                   (40,767 )                                          --
Foreign exchange loss (gain)                                                          1,562                                                    (3,643 )                                                  (1,392 )                                 2,186                                                     4,411                                                      (299 )                                                     511
Tax effect of adjustments(1)                                                            816                         --                                   (991 )                        --                                  1,807                                  2,583                         --  
                                                                            ------------------------------------                      ------------------------------------                      ------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------
    Adjusted net income (loss)                                                    $   4,223                              $  14,143                              $ (15,343 )                             $  (1,343 )                                               $   6,766                              $  15,601                              $     879  
                                                                            ======= ======= ====================                      ======= ======= ====================                      ======= ======= ==                      ======= ======= ====================                      ======= ======= ====================                      ======= ======= ====================                      ======= ======= ====================
                                                                                                                                                                                                                                                                                                                                                                                                                       
    Adjusted net income (loss) per share - Basic                                  $    0.02                                                 $    0.08                                                 $   (0.09 )                             $   (0.01 )                                               $    0.04                                                 $    0.10                                                 $    0.01
    Adjusted net income (loss) per share - Diluted                                $    0.02                                                 $    0.08                                                 $   (0.09 )                             $   (0.01 )                                               $    0.04                                                 $    0.10                                                 $    0.01
                                                                                                                                                                                                                                                                                                                                                                                                                                       
                                                                                                                                                                                                           Consolidated Free Cash Flow Reconciliation
                                                                                                                                                                                                                                                                                      
(Dollars in thousands)                                                               2017                                                     4Q 2017                                                   3Q 2017                                                   2Q 2017                                                   1Q 2017                                                  2016                                                  4Q 2016
                                                                     -------------------------------------                     -------------------------------------                     -------------------------------------                     -------------------------------------                     -------------------------------------                     --------------------------------                     -------------------------------------
Cash flow from continuing operations                                       $ 197,160                                                 $  91,811                                                 $  37,308                                                 $  24,103                                                 $  43,938                                             $ 96,461                                                 $  21,423
Capital expenditures from continuing operations                              136,734                                                    47,054                                                    28,982                                                    37,107                                                    23,591                                               94,382                                                    28,134
Gold production royalty payments                                      --                         --                         --                         --                         --                            27,155                         --  
                                                                     ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      ------------------------------------                      -------------------------------                      ------------------------------------
Free cash flow                                                                60,426                                 44,757                                  8,326                                (13,004 )                                                  20,347                           (25,076 )                                                  (6,711 )
                                                                     ====================================                      ====================================                      ====================================                      ====================================                      ====================================                      ===============================                      ====================================
                                                                                                                                                                                                                                                                                                                                                                                                                                             
                                                                                                                                                                                                                                     Reconciliation of All-in Sustaining Costs per Silver Equivalent
                                                                                                                                                                                                                                     Ounce
                                                                                                                                                                                                                                     for Year Ended December 31, 2017
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                           Silver                                                                                                                                                                                                                                                     Gold                                                                                                             
                                                                                   ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------                                    -----------------------------------------------------------------------------------------------------------------------------------------------------------------------
In thousands except per ounce amounts                                                            Palmarejo                           Rochester                             Endeavor                                Total                                             Kensington                          Wharf                             Total
                                                                                   -------------------- ------------------------------  -------------------- -------------------- ------------------------------  -------------------- -------------------- ----------------------------------  -------------------- -------------------- ------------------------------                       -------------------- ---------------------------  -------------------- -------------------- --------------------------  -------------------- ----------------------------------
Costs applicable to sales, including amortization (U.S. GAAP)                                         $    219,920                                           $    130,227                                                              $          1,046                                           $    351,193                                                              $ 152,118                                           $ 82,334                              $ 234,452                                                              $    585,645
Amortization                                                                             73,744                              22,306                                     301                              96,351                          36,022                           13,012                                 49,034                             145,385  
                                                                                   -------------------- ---------- --------------------                      -------------------- ---------- --------------------                      -------------------- -------------- --------------------                      -------------------- ---------- --------------------                      -------------------- ------- --------------------                      -------------------- ------ --------------------                      --------------  --------------------                      -------------------- ---------- --------------------
Costs applicable to sales                                                                             $    146,176                                                              $    107,921                                                              $            745                                                              $    254,842                                                              $ 116,096                                                              $ 69,322                                                 $ 185,418                                                              $    440,260
Silver equivalent ounces sold                                                        15,490,734                                              8,209,888                                                    107,027                                             23,807,649                                                                                                                                                                                                                                                    37,334,889
Gold equivalent ounces sold                                                                                                                                                                                                              125,982                          99,472                                225,454                           
                                                                                   -------------------- ------------------------------                       -------------------- ------------------------------                       -------------------- ----------------------------------                       -------------------- ------------------------------                       -------------------- ------- --------------------                      -------------------- ------ --------------------                      --------------  --------------------                      -------------------- ------------------------------
Costs applicable to sales per ounce                                                                   $       9.44                                                              $      13.15                                                              $           6.96                                                              $      10.70                                                              $     922                                                              $    697                                                 $     822                                                              $      11.79
Inventory adjustments                                                                     (0.08 )                                                (0.07 )                                           --                               (0.08 )                                                (2 )                                                3                         --                               (0.05 )
                                                                                   -------------------- ---------- --------------------                      -------------------- ---------- --------------------                      -------------------- -------------- --------------------                      -------------------- ---------- --------------------                      -------------------- ------- --------------------                      -------------------- ------ --------------------                      --------------  --------------------                      -------------------- ---------- --------------------
Adjusted costs applicable to sales per ounce                                                          $       9.36                                                              $      13.08                                                              $           6.96                                                              $      10.62                                           $     920                                                              $    700                                                 $     822                                                              $      11.74  
                                                                                                                                                                                                                                                                                                                     ==================== ========== ====================                                                                                                                                                                                                                             ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
Costs applicable to sales per average spot ounce                                                      $       8.45                                                              $      12.04                                                                                                                                            $       9.66                                                                                                                                                                                                                                                                     $      10.24
Inventory adjustments                                                                     (0.07 )                                                (0.07 )                                                                                                                              (0.07 )                                                                                                                                                                                                                                                       (0.04 )
                                                                                   -------------------- ---------- --------------------                      -------------------- ---------- --------------------                                                                                                    -------------------- ---------- --------------------                                                                                                                                                                                                                             -------------------- ---------- --------------------
Adjusted costs applicable to sales per average spot ounce                                             $       8.38                                                              $      11.97                                                                                                                                            $       9.59                                                                                                                                                                                                                                                  $      10.20  
                                                                                                                                                                                                                                                                                                                     ==================== ========== ====================                                                                                                                                                                                                                             ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
Costs applicable to sales                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                $    440,260
Treatment and refining costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 5,912
Sustaining capital(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       65,010
General and administrative                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  33,616
Exploration                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 30,311
Reclamation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 14,910
Project/pre-development costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                5,543  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      -------------------- ---------- --------------------
  All-in sustaining costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                $    595,562
Silver equivalent ounces sold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           23,807,649
Kensington and Wharf silver equivalent ounces sold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      13,527,240  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      -------------------- ---------- --------------------
Consolidated silver equivalent ounces sold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              37,334,889  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      -------------------- ---------- --------------------
  All-in sustaining costs per silver equivalent ounce                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    $      15.95  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      -------------------- ---------- --------------------
  Inventory adjustments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  $      (0.05 )
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      -------------------- ---------- --------------------
  Adjusted all-in sustaining costs per silver equivalent ounce                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           $      15.90  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
Consolidated silver equivalent ounces sold (average spot)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               42,969,841  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      -------------------- ---------- --------------------
  All-in sustaining costs per average spot silver equivalent ounce                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       $      13.86  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      -------------------- ---------- --------------------
  Inventory adjustments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  $      (0.04 )
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      -------------------- ---------- --------------------
  Adjusted all-in sustaining costs per average spot silver                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               $      13.82  
  equivalent ounce
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
                                                                                                                                                                                                                                     Reconciliation of All-in Sustaining Costs per Silver Equivalent
                                                                                                                                                                                                                                     Ounce
                                                                                                                                                                                                                                     for Three Months Ended December 31, 2017
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
                                                                                                                                                                    Silver                                                                                                                                                                                                                                                                                                       Gold                                                                                                                            
                                                                                   ----------------------------------------------------------------------------------------------------------------------------------------------------------------         --------------------------------------------------------------------------------------------------------                           ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
In thousands except per ounce amounts                                                            Palmarejo                           Rochester               Endeavor                                              Total                                               Kensington                           Wharf                                  Total
                                                                                   -------------------- ------------------------------  -------------------- -------------------- ------------------------------  -------------------- -------------------- ----------------------------------  -------------------- -------------------- ------------------------------                       -------------------- ------------------------------  -------------------- -------------------- --------------------------  -------------------- -------------------- ----------------------------------------
Costs applicable to sales, including amortization (U.S. GAAP)                                         $     58,775                                           $     41,006                                                              $ --                                           $     99,781                                                              $     42,640                                           $ 24,033                                           $               66,673                                                              $    166,454
Amortization                                                                             22,749                               6,960                          --                              29,709                              10,633                           4,129                                        14,762                              44,471  
                                                                                   -------------------- ---------- --------------------                      -------------------- ---------- --------------------                      -------------------- -------------- --------------------                      -------------------- ---------- --------------------                      -------------------- ---------- --------------------                      -------------------- ------ --------------------                      -------------------- -------------------- --------------------                      -------------------- ---------- --------------------
Costs applicable to sales                                                                             $     36,026                                                              $     34,046                                                              $ --                                                              $     70,072                                                              $     32,007                                                              $ 19,904                                                              $               51,911                                                              $    121,983
Silver equivalent ounces sold                                                         4,680,802                                              2,657,975                                             --                                              7,338,777                                                                                                                                                                                                                                                                                 11,232,057
Gold equivalent ounces sold                                                                                                                                                                                                                  35,633                          29,255                                        64,888                           
                                                                                   -------------------- ------------------------------                       -------------------- ------------------------------                       -------------------- ----------------------------------                       -------------------- ------------------------------                       -------------------- ---------- --------------------                      -------------------- ------ --------------------                      -------------------- -------------------- --------------------                      -------------------- ------------------------------
Costs applicable to sales per ounce                                                                   $       7.70                                                              $      12.81                                                              $ --                                                              $       9.55                                                              $        898                                                              $    680                                                              $                  800                                                              $      10.86
Inventory adjustments                                                                     (0.16 )                                                (0.04 )                                           --                               (0.12 )                                                   (2 )                                                2                              --                                 (0.08 )
                                                                                   -------------------- ---------- --------------------                      -------------------- ---------- --------------------                      -------------------- -------------- --------------------                      -------------------- ---------- --------------------                      -------------------- ---------- --------------------                      -------------------- ------ --------------------                      -------------------- -------------------- --------------------                      -------------------- ---------- --------------------
Adjusted costs applicable to sales per ounce                                                          $       7.54                                                              $      12.77                                                              $ --                                                              $       9.43                                           $        896                                                              $    682                                                              $                  800                                                              $      10.78  
                                                                                                                                                                                                                                                                                                                     ==================== ========== ====================                                                                                                                                                                                                                                                          ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
Costs applicable to sales per average spot ounce                                                      $       6.78                                                              $      11.41                                                                                                                                            $       8.45                                                                                                                                                                                                                                                                               $       9.21
Inventory adjustments                                                                     (0.14 )                                                (0.04 )                                                                                                                              (0.10 )                                                                                                                                                                                                                                                                                    (0.07 )
                                                                                   -------------------- ---------- --------------------                      -------------------- ---------- --------------------                                                                                                    -------------------- ---------- --------------------                                                                                                                                                                                                                                                          -------------------- ---------- --------------------
Adjusted costs applicable to sales per average spot ounce                                             $       6.64                                                              $      11.37                                                                                                                                            $       8.35                                                                                                                                                                                                                                                                               $       9.14  
                                                                                                                                                                                                                                                                                                                     ==================== ========== ====================                                                                                                                                                                                                                                                          ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
Costs applicable to sales                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             $    121,983
Treatment and refining costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              1,600
Sustaining capital                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       18,520
General and administrative                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                9,120
Exploration                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               7,455
Reclamation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               4,075
Project/pre-development costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               578  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   -------------------- ---------- --------------------
  All-in sustaining costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             $    163,331
Silver equivalent ounces sold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         7,338,777
Kensington and Wharf silver equivalent ounces sold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    3,893,280  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   -------------------- ---------- --------------------
Consolidated silver equivalent ounces sold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           11,232,057  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   -------------------- ---------- --------------------
  All-in sustaining costs per silver equivalent ounce                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 $      14.53  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   -------------------- ---------- --------------------
  Inventory adjustments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               $      (0.08 )
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   -------------------- ---------- --------------------
  Adjusted all-in sustaining costs per silver equivalent ounce                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        $      14.45  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
Consolidated silver equivalent ounces sold (average spot)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            13,246,634  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   -------------------- ---------- --------------------
  All-in sustaining costs per average spot silver equivalent ounce                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    $      12.33  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   -------------------- ---------- --------------------
  Inventory adjustments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               $      (0.07 )
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   -------------------- ---------- --------------------
  Adjusted all-in sustaining costs per average spot silver                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            $      12.26  
  equivalent ounce
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                     Reconciliation of All-in Sustaining Costs per Silver Equivalent
                                                                                                                                                                                                                                     Ounce
                                                                                                                                                                                                                                     for Three Months Ended September 30, 2017
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
                                                                                                                                                                                                                           Silver                                                                                                                                                                                                                                                          Gold                                                                                                                   
                                                                                   ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------                                    ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
In thousands except per ounce amounts                                                            Palmarejo                           Rochester                             Endeavor                                Total                                             Kensington                         Wharf                           Total
                                                                                   -------------------- ------------------------------  -------------------- -------------------- ------------------------------  -------------------- -------------------- ----------------------------------  -------------------- -------------------- ------------------------------                       -------------------- --------------------------  -------------------- -------------------- --------------------------  -------------------- -------------------- --------------------------
Costs applicable to sales, including amortization (U.S. GAAP)                                         $     49,669                                           $     27,866                                                              $             59                                           $     77,594                                                              $ 35,522                                           $ 20,553                                           $ 56,075                                                              $    133,669
Amortization                                                                             16,414                               4,591                                      20                              21,025                           7,864                           3,223                          11,087                              32,112  
                                                                                   -------------------- ---------- --------------------                      -------------------- ---------- --------------------                      -------------------- -------------- --------------------                      -------------------- ---------- --------------------                      -------------------- ------ --------------------                      -------------------- ------ --------------------                      -------------------- ------ --------------------                      -------------------- ---------- --------------------
Costs applicable to sales                                                                             $     33,255                                                              $     23,275                                                              $             39                                                              $     56,569                                                              $ 27,658                                                              $ 17,330                                                              $ 44,988                                                              $    101,557
Silver equivalent ounces sold                                                         3,386,963                                              1,673,704                                                      8,027                                              5,068,694                                                                                                                                                                                                                                                                8,264,174
Gold equivalent ounces sold                                                                                                                                                                                                              29,173                          24,085                          53,258                           
                                                                                   -------------------- ------------------------------                       -------------------- ------------------------------                       -------------------- ----------------------------------                       -------------------- ------------------------------                       -------------------- ------ --------------------                      -------------------- ------ --------------------                      -------------------- ------ --------------------                      -------------------- ------------------------------
Costs applicable to sales per ounce                                                                   $       9.82                                                              $      13.91                                                              $           4.86                                                              $      11.16                                                              $    948                                                              $    720                                                              $    845                                                              $      12.29
Inventory adjustments                                                                     (0.06 )                                                (0.22 )                                           --                               (0.11 )                                               (2 )                                               (1 )                                               (2 )                                                (0.08 )
                                                                                   -------------------- ---------- --------------------                      -------------------- ---------- --------------------                      -------------------- -------------- --------------------                      -------------------- ---------- --------------------                      -------------------- ------ --------------------                      -------------------- ------ --------------------                      -------------------- ------ --------------------                      -------------------- ---------- --------------------
Adjusted costs applicable to sales per ounce                                                          $       9.76                                                              $      13.69                                                              $           4.86                                                              $      11.05                                           $    946                                                              $    719                                                              $    843                                                              $      12.21  
                                                                                                                                                                                                                                                                                                                     ==================== ========== ====================                                                                                                                                                                                                                                        ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
Costs applicable to sales per average spot ounce                                                      $       8.73                                                              $      12.66                                                                                                                                            $      10.00                                                                                                                                                                                                                                                                                $      10.47
Inventory adjustments                                                                     (0.05 )                                                (0.20 )                                                                                                                              (0.10 )                                                                                                                                                                                                                                                                  (0.07 )
                                                                                   -------------------- ---------- --------------------                      -------------------- ---------- --------------------                                                                                                    -------------------- ---------- --------------------                                                                                                                                                                                                                                        -------------------- ---------- --------------------
Adjusted costs applicable to sales per average spot ounce                                             $       8.68                                                              $      12.46                                                                                                                                            $       9.90                                                                                                                                                                                                                                                             $      10.40  
                                                                                                                                                                                                                                                                                                                     ==================== ========== ====================                                                                                                                                                                                                                                        ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
Costs applicable to sales                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           $    101,557
Treatment and refining costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            1,408
Sustaining capital                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     18,126
General and administrative                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              7,345
Exploration                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             9,792
Reclamation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             3,915
Project/pre-development costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           1,979  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 -------------------- ---------- --------------------
   All-in sustaining costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          $    144,122
Silver equivalent ounces sold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       5,068,694
Kensington and Wharf silver equivalent ounces sold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  3,195,480  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 -------------------- ---------- --------------------
Consolidated silver equivalent ounces sold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          8,264,174  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 -------------------- ---------- --------------------
   All-in sustaining costs per silver equivalent ounce                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              $      17.43  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 -------------------- ---------- --------------------
   Inventory adjustments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            $      (0.08 )
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 -------------------- ---------- --------------------
   Adjusted all-in sustaining costs per silver equivalent ounce                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     $      17.35  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
Consolidated silver equivalent ounces sold (average spot)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           9,698,654  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 -------------------- ---------- --------------------
   All-in sustaining costs per average spot silver equivalent ounce                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 $      14.86  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 -------------------- ---------- --------------------
   Inventory adjustments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            $      (0.07 )
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 -------------------- ---------- --------------------
   Adjusted all-in sustaining costs per average spot silver                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         $      14.79  
   equivalent ounce
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                     Reconciliation of All-in Sustaining Costs per Silver Equivalent
                                                                                                                                                                                                                                     Ounce
                                                                                                                                                                                                                                     for Three Months Ended June 30, 2017
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
                                                                                                                                                                                                                              Silver                                                                                                                                                                                                                                                             Gold                                                                                                                   
                                                                                   ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------                                    ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
In thousands except per ounce amounts                                                            Palmarejo                           Rochester                                Endeavor                                   Total                                             Kensington                         Wharf                           Total
                                                                                   -------------------- ------------------------------  -------------------- -------------------- ------------------------------  -------------------- -------------------- ----------------------------------------  -------------------- -------------------- ------------------------------                       -------------------- --------------------------  -------------------- -------------------- --------------------------  -------------------- -------------------- --------------------------
Costs applicable to sales, including amortization (U.S. GAAP)                                         $     48,325                                           $     29,099                                                              $                  586                                           $     78,010                                                              $ 36,335                                           $ 18,317                                           $ 54,652                                                              $    132,662
Amortization                                                                             14,431                               4,938                                           168                              19,537                           8,347                           2,549                          10,896                              30,433  
                                                                                   -------------------- ---------- --------------------                      -------------------- ---------- --------------------                      -------------------- -------------------- --------------------                      -------------------- ---------- --------------------                      -------------------- ------ --------------------                      -------------------- ------ --------------------                      -------------------- ------ --------------------                      -------------------- ---------- --------------------
Costs applicable to sales                                                                             $     33,894                                                              $     24,161                                                              $                  418                                                              $     58,473                                                              $ 27,988                                                              $ 15,768                                                              $ 43,756                                                              $    102,229
Silver equivalent ounces sold                                                         2,995,623                                              1,774,000                                                           59,234                                              4,828,857                                                                                                                                                                                                                                                                7,860,417
Gold equivalent ounces sold                                                                                                                                                                                                                    29,031                          21,495                          50,526                           
                                                                                   -------------------- ------------------------------                       -------------------- ------------------------------                       -------------------- ----------------------------------------                       -------------------- ------------------------------                       -------------------- ------ --------------------                      -------------------- ------ --------------------                      -------------------- ------ --------------------                      -------------------- ------------------------------
Costs applicable to sales per ounce                                                                   $      11.31                                                              $      13.62                                                              $                 7.06                                                              $      12.11                                                              $    964                                                              $    734                                                              $    866                                                              $      13.01
Inventory adjustments                                                                     (0.10 )                                                (0.08 )                                               --                                 (0.09 )                                              (12 )                                                3                              (6 )                                                (0.09 )
                                                                                   -------------------- ---------- --------------------                      -------------------- ---------- --------------------                      -------------------- -------------------- --------------------                      -------------------- ---------- --------------------                      -------------------- ------ --------------------                      -------------------- ------ --------------------                      -------------------- ------ --------------------                      -------------------- ---------- --------------------
Adjusted costs applicable to sales per ounce                                                          $      11.21                                                              $      13.54                                                              $                 7.06                                                              $      12.02                                           $    952                                                              $    737                                                              $    860                                                              $      12.92  
                                                                                                                                                                                                                                                                                                                           ==================== ========== ====================                                                                                                                                                                                                                                        ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
Costs applicable to sales per average spot ounce                                                      $      10.20                                                              $      12.63                                                                                                                                                  $      11.04                                                                                                                                                                                                                                                                                $      11.38
Inventory adjustments                                                                     (0.09 )                                                (0.07 )                                                                                                                                    (0.08 )                                                                                                                                                                                                                                                                  (0.08 )
                                                                                   -------------------- ---------- --------------------                      -------------------- ---------- --------------------                                                                                                          -------------------- ---------- --------------------                                                                                                                                                                                                                                        -------------------- ---------- --------------------
Adjusted costs applicable to sales per average spot ounce                                             $      10.11                                                              $      12.56                                                                                                                                                  $      10.96                                                                                                                                                                                                                                                             $      11.30  
                                                                                                                                                                                                                                                                                                                           ==================== ========== ====================                                                                                                                                                                                                                                        ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
Costs applicable to sales                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 $    102,229
Treatment and refining costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  1,288
Sustaining capital                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           17,173
General and administrative                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    7,025
Exploration                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   7,813
Reclamation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   3,581
Project/pre-development costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 1,677  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       -------------------- ---------- --------------------
   All-in sustaining costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                $    140,786
Silver equivalent ounces sold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             4,828,857
Kensington and Wharf silver equivalent ounces sold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        3,031,560  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       -------------------- ---------- --------------------
Consolidated silver equivalent ounces sold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                7,860,417  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       -------------------- ---------- --------------------
   All-in sustaining costs per silver equivalent ounce                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    $      17.90  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       -------------------- ---------- --------------------
   Inventory adjustments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  $      (0.09 )
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       -------------------- ---------- --------------------
   Adjusted all-in sustaining costs per silver equivalent ounce                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           $      17.81  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
Consolidated silver equivalent ounces sold (average spot)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 8,990,166  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       -------------------- ---------- --------------------
   All-in sustaining costs per average spot silver equivalent ounce                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       $      15.66  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       -------------------- ---------- --------------------
   Inventory adjustments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  $      (0.08 )
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       -------------------- ---------- --------------------
   Adjusted all-in sustaining costs per average spot silver                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               $      15.58  
   equivalent ounce
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                     Reconciliation of All-in Sustaining Costs per Silver Equivalent
                                                                                                                                                                                                                                     Ounce
                                                                                                                                                                                                                                     for Three Months Ended March 31, 2017
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
                                                                                                                                                                                                                           Silver                                                                                                                                                                                                                                                          Gold                                                                                                                   
                                                                                   ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------                                    ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
In thousands except per ounce amounts                                                            Palmarejo                           Rochester                             Endeavor                                Total                                             Kensington                         Wharf                           Total
                                                                                   -------------------- ------------------------------  -------------------- -------------------- ------------------------------  -------------------- -------------------- ----------------------------------  -------------------- -------------------- ------------------------------                       -------------------- --------------------------  -------------------- -------------------- --------------------------  -------------------- -------------------- --------------------------
Costs applicable to sales, including amortization (U.S. GAAP)                                         $     63,151                                           $     32,255                                                              $            400                                           $     95,806                                                              $ 37,621                                           $ 19,431                                           $ 57,052                                                              $    152,858
Amortization                                                                             20,150                               5,816                                     113                              26,079                           9,178                           3,111                          12,289                              38,368  
                                                                                   -------------------- ---------- --------------------                      -------------------- ---------- --------------------                      -------------------- -------------- --------------------                      -------------------- ---------- --------------------                      -------------------- ------ --------------------                      -------------------- ------ --------------------                      -------------------- ------ --------------------                      -------------------- ---------- --------------------
Costs applicable to sales                                                                             $     43,001                                                              $     26,439                                                              $            287                                                              $     69,727                                                              $ 28,443                                                              $ 16,320                                                              $ 44,763                                                              $    114,490
Silver equivalent ounces sold                                                         4,427,346                                              2,104,209                                                     39,765                                              6,571,320                                                                                                                                                                                                                                                                9,978,120
Gold equivalent ounces sold                                                                                                                                                                                                              32,144                          24,636                          56,780                           
                                                                                   -------------------- ------------------------------                       -------------------- ------------------------------                       -------------------- ----------------------------------                       -------------------- ------------------------------                       -------------------- ------ --------------------                      -------------------- ------ --------------------                      -------------------- ------ --------------------                      -------------------- ------------------------------
Costs applicable to sales per ounce                                                                   $       9.71                                                              $      12.56                                                              $           7.22                                                              $      10.61                                                              $    885                                                              $    662                                                              $    788                                                              $      11.47
Inventory adjustments                                                                     (0.03 )                                                 0.01                          --                               (0.01 )                                               (1 )                                                8                               3                               (0.01 )
                                                                                   -------------------- ---------- --------------------                      -------------------- ---------- --------------------                      -------------------- -------------- --------------------                      -------------------- ---------- --------------------                      -------------------- ------ --------------------                      -------------------- ------ --------------------                      -------------------- ------ --------------------                      -------------------- ---------- --------------------
Adjusted costs applicable to sales per ounce                                                          $       9.68                                                              $      12.57                                                              $           7.22                                                              $      10.60                                           $    884                                                              $    670                                                              $    791                                                              $      11.46  
                                                                                                                                                                                                                                                                                                                     ==================== ========== ====================                                                                                                                                                                                                                                        ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
Costs applicable to sales per average spot ounce                                                      $       8.89                                                              $      11.80                                                                                                                                            $       9.80                                                                                                                                                                                                                                                                                $      10.33
Inventory adjustments                                                                     (0.02 )                                                 0.01                                                                                                             (0.01 )                                                                                                                                                                                                                                                                   0.01  
                                                                                   -------------------- ---------- --------------------                      -------------------- ---------- --------------------                                                                                                    -------------------- ---------- --------------------                                                                                                                                                                                                                                        -------------------- ---------- --------------------
Adjusted costs applicable to sales per average spot ounce                                             $       8.87                                                              $      11.81                                                                                                                                            $       9.79                                                                                                                                                                                                                                                             $      10.34  
                                                                                                                                                                                                                                                                                                                     ==================== ========== ====================                                                                                                                                                                                                                                        ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
Costs applicable to sales                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           $    114,490
Treatment and refining costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            1,616
Sustaining capital                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     11,191
General and administrative                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             10,125
Exploration                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             5,252
Reclamation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             3,338
Project/pre-development costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           1,419  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 -------------------- ---------- --------------------
   All-in sustaining costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          $    147,431
Silver equivalent ounces sold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       6,571,320
Kensington and Wharf silver equivalent ounces sold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  3,406,800  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 -------------------- ---------- --------------------
Consolidated silver equivalent ounces sold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          9,978,120  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 -------------------- ---------- --------------------
   All-in sustaining costs per silver equivalent ounce                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              $      14.77  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 -------------------- ---------- --------------------
   Inventory adjustments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            $       0.01  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 -------------------- ---------- --------------------
   Adjusted all-in sustaining costs per silver equivalent ounce                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     $      14.78  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
Consolidated silver equivalent ounces sold (average spot)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          11,093,378  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 -------------------- ---------- --------------------
   All-in sustaining costs per average spot silver equivalent ounce                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 $      13.29  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 -------------------- ---------- --------------------
   Inventory adjustments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            $       0.01  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 -------------------- ---------- --------------------
   Adjusted all-in sustaining costs per average spot silver                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         $      13.30  
   equivalent ounce
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                     Reconciliation of All-in Sustaining Costs per Silver Equivalent
                                                                                                                                                                                                                                     Ounce
                                                                                                                                                                                                                                     for Year Ended December 31, 2016
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                           Silver                                                                                                                                                                                                                                                            Gold
                                                                                   ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------                     ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
In thousands except per ounce amounts                                                            Palmarejo                           Rochester                             Endeavor                                Total                                             Kensington                          Wharf                            Total                                      Total    
                                                                                   -------------------- ------------------------------  -------------------- -------------------- ------------------------------  -------------------- -------------------- ----------------------------------  -------------------- -------------------- ------------------------------                       -------------------- ---------------------------                       -------------------- ---------------------------                       -------------------- ---------------------------                       -------------------- ---------- --------------------
Costs applicable to sales, including amortization (U.S. GAAP)                                         $    117,419                                           $    111,564                                                              $          2,363                                           $    231,346                                                              $ 131,518                                                              $  87,000                                                              $ 218,518                                                              $    449,864
Amortization                                                                             36,599                              21,838                                     644                              59,081                           34,787                           20,621                           55,408                             114,489  
                                                                                   -------------------- ---------- --------------------                      -------------------- ---------- --------------------                      -------------------- -------------- --------------------                      -------------------- ---------- --------------------                      -------------------- ------- --------------------                      -------------------- ------- --------------------                      -------------------- ------- --------------------                      -------------------- ---------- --------------------
Costs applicable to sales                                                                             $     80,820                                                              $     89,726                                                              $          1,719                                                              $    172,265                                                              $  96,731                                                              $  66,379                                                              $ 163,110                                                              $    335,375
Silver equivalent ounces sold                                                         7,538,311                                              7,542,740                                                    262,078                                             15,343,129                                                                                                                                                                                                                                                                  29,221,609
Gold equivalent ounces sold                                                                                                                                                                                                              121,688                          109,620                          231,308                           
                                                                                   -------------------- ------------------------------                       -------------------- ------------------------------                       -------------------- ----------------------------------                       -------------------- ------------------------------                       -------------------- ------- --------------------                      -------------------- ------- --------------------                      -------------------- ------- --------------------                      -------------------- ------------------------------
Costs applicable to sales per ounce                                                                   $      10.72                                                              $      11.90                                                              $           6.56                                                              $      11.23                                                              $     795                                                              $     606                                                              $     705                                                              $      11.48
Inventory adjustments                                                                     (0.17 )                                                (0.04 )                                           --                               (0.11 )                                                (5 )                                               (31 )                                               (17 )                                                (0.19 )
                                                                                   -------------------- ---------- --------------------                      -------------------- ---------- --------------------                      -------------------- -------------- --------------------                      -------------------- ---------- --------------------                      -------------------- ------- --------------------                      -------------------- ------- --------------------                      -------------------- ------- --------------------                      -------------------- ---------- --------------------
Adjusted costs applicable to sales per ounce                                                          $      10.55                                                              $      11.86                                                              $           6.56                                                              $      11.12                                           $     790                                                              $     575                                                              $     688                                                              $      11.29  
                                                                                                                                                                                                                                                                                                                     ==================== ========== ====================                                                                                                                                                                                                                                           ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
Costs applicable to sales per average spot ounce                                                      $       9.73                                                              $      10.97                                                                                                                                            $      10.29                                                                                                                                                                                                                                                                                   $       9.98
Inventory adjustments                                                                     (0.16 )                                                (0.04 )                                                                                                                              (0.10 )                                                                                                                                                                                                                                                                     (0.17 )
                                                                                   -------------------- ---------- --------------------                      -------------------- ---------- --------------------                                                                                                    -------------------- ---------- --------------------                                                                                                                                                                                                                                           -------------------- ---------- --------------------
Adjusted costs applicable to sales per average spot ounce                                             $       9.57                                                              $      10.93                                                                                                                                            $      10.19                                                                                                                                                                                                                                                                $       9.81  
                                                                                                                                                                                                                                                                                                                     ==================== ========== ====================                                                                                                                                                                                                                                           ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
Costs applicable to sales                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              $    335,375
Treatment and refining costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               4,307
Sustaining capital(1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     71,134
General and administrative                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                29,275
Exploration                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               12,930
Reclamation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               13,291
Project/pre-development costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              5,779  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    -------------------- ---------- --------------------
   All-in sustaining costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             $    472,091
Silver equivalent ounces sold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         15,343,129
Kensington and Wharf silver equivalent ounces sold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    13,878,480  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    -------------------- ---------- --------------------
Consolidated silver equivalent ounces sold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            29,221,609  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    -------------------- ---------- --------------------
   All-in sustaining costs per silver equivalent ounce                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 $      16.16  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    -------------------- ---------- --------------------
   Inventory adjustments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               $      (0.19 )
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    -------------------- ---------- --------------------
   Adjusted all-in sustaining costs per silver equivalent ounce                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        $      15.97  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
Consolidated silver equivalent ounces sold (average spot)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             33,600,783  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    -------------------- ---------- --------------------
   All-in sustaining costs per average spot silver equivalent ounce                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    $      14.05  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    -------------------- ---------- --------------------
   Inventory adjustments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               $      (0.17 )
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    -------------------- ---------- --------------------
   Adjusted all-in sustaining costs per average spot silver                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            $      13.88  
   equivalent ounce
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                     Reconciliation of All-in Sustaining Costs per Silver Equivalent
                                                                                                                                                                                                                                     Ounce
                                                                                                                                                                                                                                     for Three Months Ended December 31, 2016
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
                                                                                                                                                                                                                           Silver                                                                                                                                                                                                                                                          Gold                                                                                                                   
                                                                                   ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------                                    ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
In thousands except per ounce amounts                                                            Palmarejo                           Rochester                             Endeavor                                Total                                             Kensington                         Wharf                           Total
                                                                                   -------------------- ------------------------------  -------------------- -------------------- ------------------------------  -------------------- -------------------- ----------------------------------  -------------------- -------------------- ------------------------------                       -------------------- --------------------------                       -------------------- --------------------------                       -------------------- --------------------------
Costs applicable to sales, including amortization (U.S. GAAP)                                         $     29,667                                           $     29,581                                                              $            557                                           $     59,805                                                              $ 31,577                                                              $ 21,861                                                              $ 53,438                                                              $    113,243
Amortization                                                                              8,784                               5,844                                     148                              14,776                           8,584                           4,982                          13,566                              28,342  
                                                                                   -------------------- ---------- --------------------                      -------------------- ---------- --------------------                      -------------------- -------------- --------------------                      -------------------- ---------- --------------------                      -------------------- ------ --------------------                      -------------------- ------ --------------------                      -------------------- ------ --------------------                      -------------------- ---------- --------------------
Costs applicable to sales                                                                             $     20,883                                                              $     23,737                                                              $            409                                                              $     45,029                                                              $ 22,993                                                              $ 16,879                                                              $ 39,872                                                              $     84,901
Silver equivalent ounces sold                                                         1,871,178                                              1,983,393                                                     57,903                                              3,912,474                                                                                                                                                                                                                                                                7,456,614
Gold equivalent ounces sold                                                                                                                                                                                                              28,864                          30,205                          59,069                           
                                                                                   -------------------- ------------------------------                       -------------------- ------------------------------                       -------------------- ----------------------------------                       -------------------- ------------------------------                       -------------------- ------ --------------------                      -------------------- ------ --------------------                      -------------------- ------ --------------------                      -------------------- ------------------------------
Costs applicable to sales per ounce                                                                   $      11.16                                                              $      11.97                                                              $           7.06                                                              $      11.51                                                              $    797                                                              $    559                                                              $    675                                                              $      11.39
Inventory adjustments                                                                     (0.15 )                                                 0.02                          --                               (0.06 )                                                4                              (3 )                                                1                               (0.03 )
                                                                                   -------------------- ---------- --------------------                      -------------------- ---------- --------------------                      -------------------- -------------- --------------------                      -------------------- ---------- --------------------                      -------------------- ------ --------------------                      -------------------- ------ --------------------                      -------------------- ------ --------------------                      -------------------- ---------- --------------------
Adjusted costs applicable to sales per ounce                                                          $      11.01                                                              $      11.99                                                              $           7.06                                                              $      11.45                                           $    801                                                              $    556                                                              $    676                                                              $      11.36  
                                                                                                                                                                                                                                                                                                                     ==================== ========== ====================                                                                                                                                                                                                                                        ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
Costs applicable to sales per average spot ounce                                                      $      10.24                                                              $      11.14                                                                                                                                            $      10.65                                                                                                                                                                                                                                                                                $      10.08
Inventory adjustments                                                                     (0.13 )                                                 0.02                                                                                                             (0.06 )                                                                                                                                                                                                                                                                  (0.02 )
                                                                                   -------------------- ---------- --------------------                      -------------------- ---------- --------------------                                                                                                    -------------------- ---------- --------------------                                                                                                                                                                                                                                        -------------------- ---------- --------------------
Adjusted costs applicable to sales per average spot ounce                                             $      10.11                                                              $      11.16                                                                                                                                            $      10.59                                                                                                                                                                                                                                                             $      10.06  
                                                                                                                                                                                                                                                                                                                     ==================== ========== ====================                                                                                                                                                                                                                                        ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
Costs applicable to sales                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           $     84,901
Treatment and refining costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            1,261
Sustaining capital                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     18,039
General and administrative                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              6,577
Exploration                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             5,261
Reclamation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             3,022
Project/pre-development costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           1,507  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 -------------------- ---------- --------------------
   All-in sustaining costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          $    120,568
Silver equivalent ounces sold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       3,912,474
Kensington and Wharf silver equivalent ounces sold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  3,544,140  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 -------------------- ---------- --------------------
Consolidated silver equivalent ounces sold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          7,456,614  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 -------------------- ---------- --------------------
   All-in sustaining costs per silver equivalent ounce                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              $      16.16  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 -------------------- ---------- --------------------
   Inventory adjustments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            $      (0.03 )
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 -------------------- ---------- --------------------
   Adjusted all-in sustaining costs per silver equivalent ounce                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     $      16.13  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
Consolidated silver equivalent ounces sold (average spot)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           8,425,437  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 -------------------- ---------- --------------------
   All-in sustaining costs per average spot silver equivalent ounce                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 $      14.31  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 -------------------- ---------- --------------------
   Inventory adjustments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            $      (0.02 )
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 -------------------- ---------- --------------------
   Adjusted all-in sustaining costs per average spot silver                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         $      14.29  
   equivalent ounce
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                     Reconciliation of All-in Sustaining Costs per 60:1 Silver
                                                                                                                                                                                                                                     Equivalent Ounce
                                                                                                                                                                                                                                     for 2018 Guidance
                                                               
                                                                                                                                                                                                               Silver                                                                                                                                                                                                               Gold
                                                                                   --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
In thousands except per ounce amounts                                                            Palmarejo                           Rochester                           Silvertip                       Total Silver                     Kensington                          Wharf                      Total Gold                    Total
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Combined
                                                                                   -------------------- ------------------------------  -------------------- -------------------- ------------------------------  -------------------- -------------------- ------------------------------  -------------------- ------------------------------  -------------------- ---------------------------  -------------------- -------------------- --------------------------  -------------------- ---------------------------  -------------------- --------------------
Costs applicable to sales, including amortization (U.S. GAAP)                                         $    208,000                                           $    116,300                                           $     88,000                                         $    412,300                                         $ 146,100                                           $ 89,700                                         $ 235,800                                         $              648,100
Amortization                                                                             63,300           18,900           20,000        102,200      40,400       12,100      52,500                  154,700
                                                                                   -------------------- ---------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- ---------- -------------------- -------------------- ------- -------------------- -------------------- -------------------- ------ -------------------- -------------------- ------- -------------------- -------------------- --------------------
Costs applicable to sales                                                                             $    144,700                                                              $     97,400                                                              $     68,000                                         $    310,100                                         $ 105,700                                                              $ 77,600                                         $ 183,300                                         $              493,400
Silver equivalent ounces sold                                                        13,700,000                                              7,300,000                                              4,500,000                        25,500,000                                                                                                                                                                                                            37,800,000
Gold equivalent ounces sold                                                                                                                          117,500       87,500     205,000      
                                                                                   -------------------- ------------------------------  -------------------- -------------------- ------------------------------  -------------------- -------------------- ------------------------------  -------------------- ------------------------------  -------------------- ------- -------------------- -------------------- -------------------- ------ -------------------- -------------------- ------- -------------------- -------------------- --------------------
Costs applicable to sales per ounce                                                                   $ 10.50 - $11.00                                                          $ 13.25 - $13.75                                                          $ 15.00 - $15.50                                                                                          $ 900 - $950                                                           $ 850 - $900
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
Costs applicable to sales                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  $              493,400
Treatment and refining costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               12,000
Sustaining capital, including capital lease payments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      100,000
General and administrative                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 33,000
Exploration                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                22,000
Reclamation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                15,700
Project/pre-development costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               2,900
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           -------------------- --------------------
   All-in sustaining costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    $              679,000
Silver equivalent ounces sold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          25,500,000
Kensington and Wharf silver equivalent ounces sold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     12,300,000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           -------------------- --------------------
Consolidated silver equivalent ounces sold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             37,800,000
   All-in sustaining costs per silver equivalent ounce                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        $       17.50 - $18.00
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           ==================== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                     Reconciliation of All-in Sustaining Costs per Spot Silver
                                                                                                                                                                                                                                     Equivalent Ounce
                                                                                                                                                                                                                                     for 2018 Guidance
                                                               
                                                                                                                                                                                                               Silver                                                                                                                                                                                                               Gold
                                                                                   --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
In thousands except per ounce amounts                                                            Palmarejo                           Rochester                           Silvertip                       Total Silver                     Kensington                          Wharf                      Total Gold                    Total
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Combined
                                                                                   -------------------- ------------------------------  -------------------- -------------------- ------------------------------  -------------------- -------------------- ------------------------------  -------------------- ------------------------------  -------------------- ---------------------------  -------------------- -------------------- --------------------------  -------------------- ---------------------------  -------------------- --------------------
Costs applicable to sales, including amortization (U.S. GAAP)                                         $    208,000                                           $    116,300                                           $     88,000                                         $    412,300                                         $ 146,100                                           $ 89,700                                         $ 235,800                                         $              648,100
Amortization                                                                             63,300           18,900           20,000        102,200      40,400       12,100      52,500                  154,700
                                                                                   -------------------- ---------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- ---------- -------------------- -------------------- ------- -------------------- -------------------- -------------------- ------ -------------------- -------------------- ------- -------------------- -------------------- --------------------
Costs applicable to sales                                                                             $    144,700                                                              $     97,400                                                              $     68,000                                         $    310,100                                         $ 105,700                                                              $ 77,600                                         $ 183,300                                         $              493,400
Silver equivalent ounces sold                                                        15,387,500                                              8,012,500                                              5,750,000                        29,150,000                                                                                                                                                                                                            44,525,000
Gold equivalent ounces sold                                                                                                                          117,500       87,500     205,000      
                                                                                   -------------------- ------------------------------  -------------------- -------------------- ------------------------------  -------------------- -------------------- ------------------------------  -------------------- ------------------------------  -------------------- ------- -------------------- -------------------- -------------------- ------ -------------------- -------------------- ------- -------------------- -------------------- --------------------
Costs applicable to sales per ounce                                                                   $ 9.25 - $9.75                                                            $ 12.00 - $12.50                                                          $                  12.00 - $12.50                                                                         $ 900 - $950                                                           $ 850 - $900
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
Costs applicable to sales                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     $              493,400
Treatment and refining costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               12,000
Sustaining capital, including capital lease payments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      100,000
General and administrative                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 33,000
Exploration                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                22,000
Reclamation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                15,700
Project/pre-development costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               2,900
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           -------------------- --------------------
   All-in sustaining costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    $              679,000
Silver equivalent ounces sold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          29,150,000
Kensington and Wharf silver equivalent ounces sold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     15,375,000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           -------------------- --------------------
Consolidated silver equivalent ounces sold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             44,525,000
   All-in sustaining costs per silver equivalent ounce                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        $       15.00 - $15.50
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           ==================== ====================

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20180207006302r1&sid=cmtx6&distro=nx&lang=en

View source version on businesswire.com: http://www.businesswire.com/news/home/20180207006302/en/

SOURCE: Coeur Mining, Inc.

Coeur Mining, Inc. 
Courtney Lynn, 312-489-5910 
Vice President, Investor Relations and Treasurer 
www.coeur.com


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