10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

___________________________________________ 

FORM 10-Q

___________________________________________

þ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended March 31, 2016

OR

¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from to

Commission file number 001-08641

____________________________________________ 

COEUR MINING, INC.

(Exact name of registrant as specified in its charter)

____________________________________________

Delaware	82-0109423
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
104 S. Michigan Ave., Suite 900 Chicago, Illinois	60603
(Address of principal executive offices)	(Zip Code)

(312) 489-5800

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days:    Yes  þ    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files.)    Yes  þ    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	þ	Accelerated filer	¨
Non-accelerated filer	¨	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  þ

The Company has 300,000,000 shares of common stock, par value of $0.01, authorized of which 153,159,415 shares were issued and outstanding as of April 25, 2016.

COEUR MINING, INC.

INDEX

		Page
Part I.	Financial Information
	Item 1. Financial Statements
	Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited)	3
	Condensed Consolidated Statements of Cash Flows (Unaudited)	4
	Condensed Consolidated Balance Sheets	5
	Condensed Consolidated Statement of Changes in Stockholders' Equity	6
	Notes to Condensed Consolidated Financial Statements (Unaudited)	7
	Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	27
	Consolidated Financial Results	28
	Results of Operations	29
	Liquidity and Capital Resources	32
	Non-GAAP Financial Performance Measures	34
	Item 3. Quantitative and Qualitative Disclosures about Market Risk	36
	Item 4. Controls and Procedures	38
Part II.	Other Information	39
	Item 1. Legal Proceedings	39
	Item 1A. Risk Factors	39
	Item 4. Mine Safety Disclosures	39
	Item 6. Exhibits	39
Signatures		40

2

PART I

Item 1.Financial Statements

COEUR MINING, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)

		Three months ended March 31,
		2016			2015
	Notes	In thousands, except share data
Revenue	3	$	148,387		$	152,956
COSTS AND EXPENSES
Costs applicable to sales(1)	3	101,555			115,062
Amortization		27,964			33,090
General and administrative		8,276			8,834
Exploration		1,731			4,266
Write-downs		4,446			—
Pre-development, reclamation, and other		4,204			6,763
Total costs and expenses		148,176			168,015
OTHER INCOME (EXPENSE), NET
Fair value adjustments, net	10	(8,695		)	(4,884		)
Interest expense, net of capitalized interest	18	(11,120		)	(10,765		)
Other, net	7	1,314			(2,511		)
Total other income (expense), net		(18,501		)	(18,160		)
Income (loss) before income and mining taxes		(18,290		)	(33,219		)
Income and mining tax (expense) benefit	8	(2,106		)	(68		)
NET INCOME (LOSS)		$	(20,396	)	$	(33,287	)
OTHER COMPREHENSIVE INCOME (LOSS), net of tax:
Unrealized gain (loss) on equity securities, net of tax of $(1,011) and $578 for the three months ended March 31, 2016 and 2015, respectively		1,043			(915		)
Reclassification adjustments for impairment of equity securities, net of tax of $(586) for the three months ended March 31, 2015		—			928
Reclassification adjustments for realized loss on sale of equity securities		588			—
Other comprehensive income (loss)		1,631			13
COMPREHENSIVE INCOME (LOSS)		$	(18,765	)	$	(33,274	)
NET INCOME (LOSS) PER SHARE	9
Basic		$	(0.14	)	$	(0.32	)
Diluted		$	(0.14	)	$	(0.32	)

(1) Excludes amortization.

The accompanying notes are an integral part of these consolidated financial statements.

3

COEUR MINING, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

		Three months ended March 31,
		2016			2015
	Notes
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)		$	(20,396	)	(33,287		)
Adjustments:
Amortization		27,964			33,090
Accretion		3,169			3,150
Deferred income taxes		(2,105		)	(2,184		)
Fair value adjustments, net	10	8,695			4,884
Stock-based compensation	5	2,915			2,150
Impairment of equity securities	13	—			1,514
Write-downs		4,446			—
Other		(1,435		)	1,079
Changes in operating assets and liabilities:
Receivables		3,481			2,556
Prepaid expenses and other current assets		1,279			(1,327		)
Inventory and ore on leach pads		(7,822		)	684
Accounts payable and accrued liabilities		(13,574		)	(15,758		)
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES		6,617			(3,449		)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures		(22,172		)	(17,620		)
Acquisitions, net	12	—			(102,018		)
Other		2,536			(1,730		)
Purchase of investments		(7		)	(278		)
Sales and maturities of investments		997			229
CASH USED IN INVESTING ACTIVITIES		(18,646		)	(121,417		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of notes and bank borrowings	18	—			53,500
Payments on debt, capital leases, and associated costs		(5,971		)	(8,594		)
Gold production royalty payments		(9,131		)	(10,368		)
Other		(280		)	(423		)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES		(15,382		)	34,115
Effect of exchange rate changes on cash and cash equivalents		86			(523		)
DECREASE IN CASH AND CASH EQUIVALENTS		(27,325		)	(91,274		)
Cash and cash equivalents at beginning of period		200,714			270,861
Cash and cash equivalents at end of period		$	173,389		$	179,587

The accompanying notes are an integral part of these consolidated financial statements.

4

COEUR MINING, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

		March 31, 2016 (Unaudited)			December 31, 2015
ASSETS	Notes	In thousands, except share data
CURRENT ASSETS
Cash and cash equivalents		$	173,389		$	200,714
Receivables	14	82,929			85,992
Inventory	15	78,597			81,711
Ore on leach pads	15	72,703			67,329
Prepaid expenses and other		13,130			10,942
		420,748			446,688
NON-CURRENT ASSETS
Property, plant and equipment, net	16	220,948			195,999
Mining properties, net	17	574,104			589,219
Ore on leach pads	15	49,294			44,582
Restricted assets		13,221			11,633
Equity securities	13	5,530			2,766
Receivables	14	24,114			24,768
Deferred tax assets		2,750			1,942
Other		14,389			14,892
TOTAL ASSETS		$	1,325,098		$	1,332,489
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable		$	46,955		$	48,732
Accrued liabilities and other		42,037			53,953
Debt	18	16,801			10,431
Royalty obligations	10	21,183			24,893
Reclamation	4	3,463			2,071
		130,439			140,080
NON-CURRENT LIABILITIES
Debt	18	494,300			479,979
Royalty obligations	10	6,354			4,864
Reclamation	4	83,902			83,197
Deferred tax liabilities		146,845			147,132
Other long-term liabilities		58,118			55,761
		789,519			770,933
STOCKHOLDERS’ EQUITY
Common stock, par value $0.01 per share; authorized 300,000,000 shares, issued and outstanding 153,240,428 at March 31, 2016 and 151,339,136 at December 31, 2015		1,532			1,513
Additional paid-in capital		3,026,871			3,024,461
Accumulated other comprehensive income (loss)		(2,091		)	(3,722		)
Accumulated deficit		(2,621,172		)	(2,600,776		)
		405,140			421,476
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY		$	1,325,098		$	1,332,489

The accompanying notes are an integral part of these consolidated financial statements.

5

COEUR MINING, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY

In thousands	Common Stock Shares	Common Stock Par Value		Additional Paid-In Capital		Accumulated Deficit			Accumulated Other Comprehensive Income (Loss)			Total
Balances at December 31, 2015	151,339	$	1,513	$	3,024,461	$	(2,600,776	)	$	(3,722	)	$	421,476
Net income (loss)	—	—		—		(20,396		)	—			(20,396		)
Other comprehensive income (loss)	—	—		—		—			1,631			1,631
Common stock issued under stock-based compensation plans, net	1,901	19		2,410		—			—			2,429
Balances at March 31, 2016 (Unaudited)	153,240	$	1,532	$	3,026,871	$	(2,621,172	)	$	(2,091	)	$	405,140

The accompanying notes are an integral part of these consolidated financial statements.

6

Coeur Mining, Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

NOTE 1 - BASIS OF PRESENTATION

The interim condensed consolidated financial statements of Coeur Mining, Inc. and its subsidiaries (collectively "Coeur" or "the Company") are unaudited. In the opinion of management, all adjustments and disclosures necessary for the fair presentation of these interim statements have been included. The results reported in these interim statements may not be indicative of the results which will be reported for the year ending December 31, 2016. The condensed consolidated December 31, 2015 balance sheet data was derived from audited consolidated financial statements. Accordingly, these unaudited interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2015.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Recent Accounting Standards

In March 2016, the FASB issued ASU 2016-09, "Improvements to Employee Share-Based Payment Accounting," which amends several aspects of the accounting for share-based payment transaction, including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. These changes become effective for the Company's fiscal year beginning January 1, 2018. The Company is currently evaluating the potential impact of implementing these changes on the Company's consolidated financial position, results of operations, and cash flows.

In February 2016, the FASB issued ASU 2016-02, "Leases," which will require lessees to recognize assets and liabilities for the rights and obligations created by most leases on the balance sheet. These changes become effective for the Company's fiscal year beginning January 1, 2019. Modified retrospective adoption for all leases existing at, or entered into after, the date of initial application, is required with an option to use certain transition relief. The Company is currently evaluating the potential impact of implementing these changes on the Company's consolidated financial position, results of operations, and cash flows.

In November 2015, the FASB issued ASU 2015-17, "Balance Sheet Classification of Deferred Taxes," which requires entities with a classified balance sheet to present all deferred tax assets and liabilities as non-current. The updated guidance became effective under early adoption for the Company's fiscal year beginning January 1, 2015, and resulted in a reclassification of amounts from Current deferred tax assets to Non-current deferred tax assets and Current deferred tax liabilities to Non-current deferred tax liabilities in the current and prior periods.

In September 2015, the FASB issued ASU 2015-16, "Simplifying the Accounting for Measurement-Period Adjustments," which eliminates the requirement for an acquirer to retrospectively adjust the financial statements for measurement-period adjustments that occur in periods after a business combination is consummated. These changes become effective for the Company's fiscal year beginning January 1, 2016. The Company's adoption had no impact on the Company's consolidated financial position, results of operations, and cash flows.

In August 2015, the FASB issued ASU 2015-14, "Deferral of the Effective Date", which defers the effective date of ASU 2014-09, "Revenue from Contracts with Customers" to January 1, 2018. The Company is currently evaluating the potential impact of adopting the prescribed changes on the Company's consolidated financial position, results of operations, and cash flows.    

In July 2015, the FASB issued ASU 2015-11, "Simplifying the Measurement of Inventory," which provides a revised, simpler measurement for inventory to be measured at the lower of cost and net realizable value. These changes become effective for the Company's fiscal year beginning January 1, 2018. The Company is currently evaluating the potential impact of implementing these changes on the Company's consolidated financial position, results of operations, and cash flows.

In April 2015, the FASB issued ASU 2015-03, "Simplifying the Presentation of Debt Issuance Costs," which requires that debt issuance costs related to a recognized debt liability be presented as a reduction to the carrying amount of that debt liability, not as an asset. The updated guidance became effective under early adoption for the Company's fiscal year beginning January 1, 2015, and resulted in a reclassification of amounts from Other Non-current Assets to Debt in the current and prior periods.

In February 2015, the FASB issued ASU 2015-02, "Amendments to the Consolidation Analysis," which amends the consolidation requirements in ASC 810. These changes become effective for the Company's fiscal year beginning January 1, 2016. The Company's adoption had no impact on the Company's consolidated financial position, results of operations, and cash flows.

7

Coeur Mining, Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

NOTE 3 – SEGMENT REPORTING

The Company’s operating segments include the Palmarejo complex, Rochester, Kensington, Wharf, and San Bartolomé mines, and Coeur Capital. All operating segments are engaged in the discovery and mining of gold and silver and generate the majority of their revenues from the sale of these precious metals with the exception of Coeur Capital, which holds the Endeavor silver stream and other precious metals royalties. Other includes the La Preciosa project, Joaquin project, Martha mine, corporate office, elimination of intersegment transactions, and other items necessary to reconcile to consolidated amounts.

Financial information relating to the Company’s segments is as follows (in thousands):

Three months ended March 31, 2016	Palmarejo			Rochester			Kensington			Wharf		San Bartolomé			Coeur Capital			Other			Total
Revenue
Metal sales	$	29,813		$	29,982		$	35,743		$	27,929	$	21,278		$	1,891		$	—		$	146,636
Royalties	—			—			—			—		—			1,751			—			1,751
	29,813			29,982			35,743			27,929		21,278			3,642			—			148,387
Costs and Expenses
Costs applicable to sales(1)	21,038			22,485			24,418			15,461		17,497			656			—			101,555
Amortization	7,289			5,313			8,349			4,051		1,754			781			427			27,964
Exploration	801			109			(47		)	—		—			121			747			1,731
Write-downs	—			—			—			—		—			4,446			—			4,446
Other operating expenses	315			681			252			493		291			137			10,311			12,480
Other income (expense)
Fair value adjustments, net	(4,864		)	(2,249		)	—			—		—			—			(1,582		)	(8,695		)
Interest expense, net	(734		)	(171		)	(43		)	—		(3		)	—			(10,169		)	(11,120		)
Other, net	(1,235		)	3			(20		)	10		315			2,282			(41		)	1,314
Income and mining tax (expense) benefit	98			(423		)	—			116		(1,571		)	(1,292		)	966			(2,106		)
Net income (loss)	$	(6,365	)	$	(1,446	)	$	2,708		$	8,050	$	477		$	(1,509	)	$	(22,311	)	$	(20,396	)
Segment assets(2)	$	422,086		$	209,692		$	192,805		$	113,383	$	87,750		$	17,863		$	74,361		$	1,117,940
Capital expenditures	$	8,815		$	3,289		$	8,090		$	1,410	$	521		$	—		$	47		$	22,172

(1) Excludes amortization

(2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interests

Three months ended March 31, 2015	Palmarejo			Rochester			Kensington			Wharf		San Bartolomé			Coeur Capital			Other			Total
Revenue
Metal sales	$	39,394		$	44,031		$	44,038		$	—	$	21,548		$	1,945		$	—		$	150,956
Royalties	—			—			—			—		—			2,000			—			2,000
	39,394			44,031			44,038			—		21,548			3,945			—			152,956
Costs and Expenses
Costs applicable to sales(1)	34,491			31,392			29,419			—		19,127			633			—			115,062
Amortization	7,333			6,843			11,554			—		4,691			2,151			518			33,090
Exploration	1,123			722			1,662			—		36			75			648			4,266
Write-downs	—			—			—			—		—			—			—			—
Other operating expenses	314			1,141			235			165		244			17			13,481			15,597
Other income (expense)
Fair value adjustments, net	(1,545		)	(2,292		)	—			—		—			—			(1,047		)	(4,884		)
Interest expense, net	(1,340		)	(225		)	(63		)	—		(281		)	—			(8,856		)	(10,765		)
Other, net	(1,103		)	(41		)	(4		)	17		452			(1,525		)	(307		)	(2,511		)
Income and mining tax (expense) benefit	(1,371		)	(350		)	—			686		(1,407		)	598			1,776			(68		)
Net income (loss)	$	(9,226	)	$	1,025		$	1,101		$	538	$	(3,786	)	$	142		$	(23,081	)	$	(33,287	)
Segment assets(2)	$	346,250		$	188,419		$	205,208		$	142,527	$	179,638		$	57,930		$	80,181		$	1,200,153
Capital expenditures	$	9,184		$	3,255		$	4,144		$	51	$	949		$	—		$	37		$	17,620

(1) Excludes amortization

(2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interests

8

Coeur Mining, Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

Assets	March 31, 2016		December 31, 2015
Total assets for reportable segments	$	1,117,940	$	1,103,310
Cash and cash equivalents	173,389		200,714
Other assets	33,769		28,465
Total consolidated assets	$	1,325,098	$	1,332,489

Geographic Information

Long-Lived Assets	March 31, 2016		December 31, 2015
Mexico	$	397,406	$	390,694
United States	347,021		336,210
Bolivia	33,519		35,201
Australia	3,317		5,952
Argentina	10,843		10,871
Other	5,066		9,058
Total	$	797,172	$	787,986

Revenue	Three months ended March 31,
	2016		2015
United States	$	93,654	$	88,069
Mexico	30,522		40,141
Bolivia	21,278		21,548
Australia	1,891		1,945
Other	1,042		1,253
Total	$	148,387	$	152,956

NOTE 4 – RECLAMATION

Reclamation and mine closure costs are based principally on legal and regulatory requirements. Management estimates costs associated with reclamation of mining properties. On an ongoing basis, management evaluates its estimates and assumptions, and future expenditures could differ from current estimates.

Changes to the Company’s asset retirement obligations for operating sites are as follows:

	Three months ended March 31,
In thousands	2016			2015
Asset retirement obligation - Beginning	$	82,072		$	67,214
Accretion	1,960			1,412
Additions and changes in estimates	251			18,292
Settlements	(309		)	(859		)
Asset retirement obligation - Ending	$	83,974		$	86,059

The Company has accrued $3.4 million and $3.2 million at March 31, 2016 and December 31, 2015, respectively, for reclamation liabilities related to former mining activities, which are included in Reclamation.

NOTE 5 – STOCK-BASED COMPENSATION

The Company has stock incentive plans for executives and eligible employees. Stock awards include stock options, restricted stock, and performance shares. Stock-based compensation expense for the three months endedMarch 31, 2016 and 2015 was $2.9 million and $2.2 million, respectively. At March 31, 2016, there was $11.3 million of unrecognized stock-based

9

Coeur Mining, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

compensation cost which is expected to be recognized over a weighted-average remaining vesting period of 1.7 years. During the three months endedMarch 31, 2016, the supplemental incentive accrual increased $0.2 million to $1.4 million.

The following table summarizes the grants awarded during the three months endedMarch 31, 2016:

Grant date	Restricted stock	Grant date fair value of restricted stock		Stock options	Grant date fair value of stock options		Performance shares	Grant date fair value of performance shares
January 20, 2016	1,030,833	$	1.81	165,479	$	0.86	1,428,314	$	2.92
March 21, 2016	685,633	$	5.76	17,772	$	2.84	8,763	$	4.90

The following options and stock appreciation rights were exercisable during the three months endedMarch 31, 2016:

Award Type	Number of  Exercised Units	Weighted Average Exercised Price		Number of Exercisable Units	Weighted Average Exercisable Price
Stock options	—	$	—	348,279	$	17.68
Stock appreciation rights	—	$	—	46,572	$	14.06

NOTE 6 – RETIREMENT SAVINGS PLAN

The Company has a 401(k) retirement savings plan that covers all eligible U.S. employees. Eligible employees may elect to contribute up to 75% of base salary, subject to ERISA limitations. In addition, the Company has a deferred compensation plan for employees whose benefits under the 401(k) plan are limited by federal regulations. The Company generally makes matching contributions equal to 100% of the employee’s contribution up to 4% of the employee's salary. The Company may also provide an additional contribution based on an eligible employee's salary. Total plan expenses recognized for the three months endedMarch 31, 2016 and 2015 were $1.0 million and $1.6 million, respectively.

NOTE 7 - OTHER, NET

Other, net consists of the following:

	Three months ended March 31,
In thousands	2016			2015
Impairment of equity securities	$	—		$	(1,514	)
Foreign exchange gain (loss)	(164		)	(2,206		)
Gain (loss) on sale of assets	1,673			(44		)
Other	(195		)	1,253
Other, net	$	1,314		$	(2,511	)

NOTE 8 – INCOME AND MINING TAXES

The following table summarizes the components of Income and mining tax (expense) benefit for the three months endedMarch 31, 2016 and 2015 by significant jurisdiction:

	Three months ended March 31,
	2016						2015
In thousands	Income (loss) before tax			Tax (expense) benefit			Income (loss) before tax			Tax (expense) benefit
United States	$	(9,361	)	$	(532	)	$	(20,707	)	$	1,886
Argentina	(1,015		)	1,543			(696		)	(1		)
Mexico	(7,509		)	17			(9,672		)	(1,264		)
Bolivia	2,047			(1,570		)	(2,379		)	(1,407		)
Other jurisdictions	(2,452		)	(1,564		)	235			718
	$	(18,290	)	$	(2,106	)	$	(33,219	)	$	(68	)

The Company’s effective tax rate is impacted by recurring items, such as foreign exchange rates on deferred tax balances, mining tax expense and uncertain tax position accruals, and the full valuation allowance on the deferred tax assets relating to

10

Coeur Mining, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

losses in the United States and certain foreign jurisdictions. In addition, the Company's consolidated effective income tax rate is a function of the combined effective tax rates and foreign exchange rates in the jurisdictions in which it operates. Variations in the jurisdictional mix of income and loss and foreign exchange rates result in significant fluctuations in our consolidated effective tax rate.

A valuation allowance is provided for deferred tax assets for which it is more likely than not that the related tax benefits will not be realized. Each quarter, the Company analyzes its deferred tax assets and, if it is determined that the Company will not realize all or a portion of its deferred tax assets, it will record or increase a valuation allowance. Conversely, if it is determined that the Company will ultimately be more likely than not able to realize all or a portion of the related benefits for which a valuation allowance has been provided, all or a portion of the related valuation allowance will be reduced. There are a number of risk factors that could impact the Company’s ability to realize its deferred tax assets. For additional information, see Part II, Item 1A of this Report.

The Company or one of its subsidiaries files income tax returns in the U.S. federal jurisdiction, and various state and foreign jurisdictions. The statute of limitations remains open from 2012 forward for the U.S. federal jurisdiction and from 2008 forward for certain other foreign jurisdictions. As a result of statutes of limitation that will begin to expire within the next 12 months in various jurisdictions and possible settlements of audit-related issues with taxing authorities in various jurisdictions with respect to which none of the issues are individually significant, the Company believes that it is reasonably possible that the total amount of its net unrecognized income tax benefits will decrease between $1.0 million and $1.5 million in the next 12 months.

At March 31, 2016 and December 31, 2015, the Company had $18.9 million and $17.9 million of total gross unrecognized tax benefits, respectively. If recognized, these unrecognized tax benefits would positively impact the Company’s effective income tax rate. The Company’s continuing practice is to recognize potential interest and/or penalties related to unrecognized tax benefits as part of its income tax expense. At March 31, 2016 and December 31, 2015, the amount of accrued income-tax-related interest and penalties was $11.3 million and $9.2 million, respectively.

NOTE 9 – NET INCOME (LOSS) PER SHARE

Basic net income (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock.

For the three months ended March 31, 2016 and 2015, 3,321,424 and 1,302,777 shares, respectively, of common stock equivalents related to equity-based awards were not included in the diluted per share calculation as the shares would be antidilutive.

The 3.25% Convertible Senior Notes ("Convertible Notes") were not included in the computation of diluted net income (loss) per share for the three months ended March 31, 2016 and 2015 because there is no excess value upon conversion over the principal amount of the Convertible Notes.

	Three months ended March 31,
In thousands except per share amounts	2016			2015
Net income (loss) available to common stockholders	$	(20,396	)	$	(33,287	)
Weighted average shares:
Basic	150,249			102,580
Effect of stock-based compensation plans	—			—
Diluted	150,249			102,580
Income (loss) per share:
Basic	$	(0.14	)	$	(0.32	)
Diluted	$	(0.14	)	$	(0.32	)

11

Coeur Mining, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

NOTE 10 – FAIR VALUE MEASUREMENTS

	Three months ended March 31,
In thousands	2016			2015
Palmarejo royalty obligation embedded derivative	$	(4,878	)	$	(1,545	)
Rochester net smelter returns ("NSR") royalty obligation	(2,249		)	(2,293		)
Silver and gold options	(1,568		)	(1,046		)
Fair value adjustments, net	$	(8,695	)	$	(4,884	)

Accounting standards establish a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1), secondary priority to quoted prices in inactive markets or observable inputs (Level 2), and the lowest priority to unobservable inputs (Level 3).

The following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis (at least annually) by level within the fair value hierarchy. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement:

	Fair Value at March 31, 2016
In thousands	Total		Level 1		Level 2		Level 3
Assets:
Equity securities	$	5,530	$	5,523	$	—	$	7
Silver and gold options	131		—		131		—
Other derivative instruments, net	57		—		57		—
	$	5,718	$	5,523	$	188	$	7
Liabilities:
Palmarejo royalty obligation embedded derivative	$	6,827	$	—	$	—	$	6,827
Rochester NSR royalty obligation	10,877		—		—		10,877
Silver and gold options	36		—		36		—
	$	17,740	$	—	$	36	$	17,704

	Fair Value at December 31, 2015
In thousands	Total		Level 1		Level 2		Level 3
Assets:
Equity securities	$	2,766	$	2,756	$	—	$	10
Liabilities:
Palmarejo royalty obligation embedded derivative	$	4,957	$	—	$	—	$	4,957
Rochester NSR royalty obligation	9,593		—		—		9,593
Other derivative instruments, net	508		—		508		—
	$	15,058	$	—	$	508	$	14,550

The Company’s investments in equity securities are recorded at fair market value in the financial statements based primarily on quoted market prices. Such instruments are classified within Level 1 of the fair value hierarchy. Quoted market prices are not available for certain equity securities; these securities are valued using pricing models, which require the use of observable and unobservable inputs, and are classified within Level 3 of the fair value hierarchy.

The Company’s silver and gold options and other derivative instruments, net, which relate to concentrate and certain doré sales contracts and foreign exchange contracts, are valued using pricing models, which require inputs that are derived from observable market data, including contractual terms, forward market prices, yield curves, credit spreads, and other unobservable inputs. The model inputs can generally be verified and do not involve significant management judgment. Such instruments are classified within Level 2 of the fair value hierarchy.

The fair values of the Palmarejo royalty obligation embedded derivative and Rochester NSR royalty obligation were estimated based on observable market data including contractual terms, forward silver and gold prices, yield curves, and credit spreads, as well as the Company’s current mine plan which is considered a significant unobservable input. Therefore, the Company has classified these obligations as Level 3 financial liabilities. Based on current mine plans, expected royalty durations of 0.4

12

Coeur Mining, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

years and 2.3 years were used to estimate the fair value of the Palmarejo royalty obligation embedded derivative and Rochester NSR royalty obligation, respectively, at March 31, 2016.

No assets or liabilities were transferred between fair value levels in the three months ended March 31, 2016.

The following tables present the changes in the fair value of the Company's Level 3 financial assets and liabilities for the three months ended March 31, 2016:

	Three Months Ended March 31, 2016
In thousands	Balance at the beginning of the period		Revaluation		Settlements			Balance at the end of the period
Assets:
Equity securities	$	10	$	—	$	(3	)	$	7
Liabilities:
Palmarejo royalty obligation embedded derivative	$	4,957	$	4,878	$	(3,008	)	$	6,827
Rochester NSR royalty obligation	$	9,593	2,249		(965		)	$	10,877

The fair value of financial assets and liabilities carried at book value in the financial statements at March 31, 2016 and December 31, 2015 is presented in the following table:

	March 31, 2016
In thousands	Book Value		Fair Value		Level 1		Level 2		Level 3
Liabilities:
3.25% Convertible Senior Notes due 2028	$	712	$	591	$	—	$	591	$	—
7.875% Senior Notes due 2021(1)	373,695		307,732		—		307,732		—
Term Loan due 2020(2)	94,517		99,250		—		99,250		—
Palmarejo gold production royalty obligation	9,833		10,081		—		—		10,081

(1) Net of unamortized debt issuance costs and premium received of $5.1 million.

(2) Net of unamortized debt issuance costs of $4.7 million.

	December 31, 2015
In thousands	Book Value		Fair Value		Level 1		Level 2		Level 3
Liabilities:
3.25% Convertible Senior Notes due 2028	$	712	$	693	$	—	$	693	$	—
7.875% Senior Notes due 2021(1)	373,433		227,487		—		227,487		—
Term Loan due 2020(2)	94,489		99,500		—		99,500		—
San Bartolomé Lines of Credit	4,571		4,571		—		4,571		—
Palmarejo gold production royalty obligation	15,207		15,580		—		—		15,580

(1) Net of unamortized debt issuance costs and premium received of $5.3 million.

(2) Net of unamortized debt issuance costs of $5.0 million.

The fair values of the Convertible Notes and 7.875% Senior Notes due 2021 (the "Senior Notes") outstanding were estimated using quoted market prices. The fair value of the Term Loan due 2020 (the "Term Loan") approximates book value (excluding unamortized debt issuance costs) as the liability is secured, has a variable interest rate, and lacks significant credit concerns. The fair value of the San Bartolomé line of credit approximates book value due to the short-term nature of the liability and absence of significant interest rate or credit concerns. The fair value of the Palmarejo gold production royalty obligation is estimated based on observable market data including contractual terms, forward silver and gold prices, yield curves, and credit spreads, as well as the Company’s current mine plan which is considered a significant unobservable input.

13

Coeur Mining, Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

NOTE 11 – DERIVATIVE FINANCIAL INSTRUMENTS

Palmarejo Gold Production Royalty

On January 21, 2009, the Company's subsidiary, Coeur Mexicana S.A. de C.V. ("Coeur Mexicana"), entered into a gold production royalty agreement with a subsidiary of Franco-Nevada Corporation. The royalty covers 50% of the life of mine production from the Palmarejo mine and legacy adjacent properties, excluding production from the recently acquired Paramount Gold and Silver Corp. ("Paramount") properties. The royalty transaction includes a minimum obligation of 4,167 gold ounces per month and terminates when payments on 400,000 gold ounces have been made. At March 31, 2016, a total of 20,994 gold ounces remain outstanding under the obligation.

The price volatility associated with the minimum royalty obligation is considered an embedded derivative. The Company is required to recognize the change in fair value of the remaining minimum obligation due to changing gold prices. Unrealized gains are recognized in periods when the gold price has decreased from the previous period and unrealized losses are recognized in periods when the gold price increases. The fair value of the embedded derivative is reflected net of the Company's current credit adjusted risk free rate, which was 12.4% and 19.9% at March 31, 2016 and December 31, 2015, respectively. The fair value of the embedded derivative at March 31, 2016 and December 31, 2015 was a liability of $6.8 million and $5.0 million, respectively. The mark-to-market adjustments were losses of $4.9 million and $1.5 million for three months ended March 31, 2016 and 2015, respectively.

Payments on the royalty obligation decrease the carrying amount of the minimum obligation and the derivative liability. Each monthly payment is an amount equal to the greater of the minimum of 4,167 ounces of gold or 50% of actual gold production multiplied by the excess of the monthly average market price of gold above $416 per ounce, subject to a 1% annual inflation adjustment. Realized losses on settlement of the liabilities were $3.0 million and $4.2 million for the three months ended March 31, 2016 and 2015, respectively. The mark-to-market adjustments and realized losses are included in Fair value adjustments, net.

Provisional Silver and Gold Sales

The Company enters into sales contracts with third-party smelters and refiners which, in most cases, provide for a provisional payment based upon preliminary assays and quoted metal prices. The provisionally priced sales contracts contain an embedded derivative that is required to be separated from the host contract for accounting purposes. The host contract is the receivable recorded at the forward price at the time of sale. The embedded derivatives do not qualify for hedge accounting and are marked to market through earnings each period until final settlement. Changes in silver and gold prices resulted in provisional pricing mark-to-market gains of $0.6 million and $0.9 million in the three months ended March 31, 2016 and 2015, respectively. At March 31, 2016, the Company had outstanding provisionally priced sales of 0.4 million ounces of silver and 38,773 ounces of gold at prices of $15.36 and $1,183, respectively.

Silver and Gold Options

At March 31, 2016, the Company has outstanding put spread contracts on 0.3 million ounces of silver. The weighted average high and low strike prices on the silver put spreads are $15.00 per ounce and $14.00 per ounce, respectively. If the market price of silver were to average less than the high strike price but more than the low strike price during the contract period, the Company would receive the difference between the average market price and the high strike price for the contracted volume over the contract period. If the market price of silver were to average less than the low strike price during the contract period, the Company would receive the difference between the average market price and the high strike price for the contracted volume over the contract period, and the Company would be required to pay the difference between the average market price and the low strike price for the contracted volume over the contract period. The put spread contracts are generally net cash settled and expire during the second quarter of 2016. At March 31, 2016, the fair market value of the put spreads was a net asset of $0.1 million.

During the three months ended March 31, 2016 and 2015, the Company recorded unrealized gains of $2 thousand and unrealized losses of $0.2 million, respectively, related to outstanding options which were included in Fair value adjustments, net. The Company recognized realized losses of $1.6 million and $0.8 million during the three months ended March 31, 2016 and 2015, respectively, from settled contracts.

14

Coeur Mining, Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

At March 31, 2016, the Company had the following derivative instruments that settle as follows:

In thousands except average prices and notional ounces	2016			Thereafter
Palmarejo gold production royalty	$	17,240		$	—
Average gold price in excess of minimum contractual deduction	$	821		$	—
Notional ounces	20,994			—
Provisional silver sales	$	6,736		$	—
Average silver price	$	15.36		$	—
Notional ounces	438,573			—
Provisional gold sales	$	45,868		$	—
Average gold price	$	1,183		$	—
Notional ounces	38,773			—
Silver put options purchased	$	4,500		$	—
Average silver strike price	$	15.00		$	—
Notional ounces	300,000			—
Silver put options sold	$	(4,200	)	$	—
Average silver strike price	$	14.00		$	—
Notional ounces	300,000			—

The following summarizes the classification of the fair value of the derivative instruments:

	March 31, 2016
In thousands	Prepaid expenses and other		Accrued liabilities and other		Current portion of royalty obligation		Non-current portion of royalty obligation
Palmarejo gold production royalty	—		—		6,827		—
Silver and gold options	131		36		—		—
Concentrate sales contracts	85		28		—		—
	$	216	$	64	$	6,827	$	—

	December 31, 2015
In thousands	Prepaid expenses and other		Accrued liabilities and other		Current portion of royalty obligation		Non-current portion of royalty obligation
Palmarejo gold production royalty	—		—		4,957		—
Concentrate sales contracts	28		536		—		—
	$	28	$	536	$	4,957	$	—

15

Coeur Mining, Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

The following represent mark-to-market gains (losses) on derivative instruments for the three months ended March 31, 2016 and 2015 (in thousands):

		Three months ended March 31,
Financial statement line	Derivative	2016			2015
Revenue	Concentrate sales contracts	$	566		$	914
Fair value adjustments, net	Palmarejo gold royalty	(4,878		)	(1,545		)
Fair value adjustments, net	Silver and gold options	(1,568		)	(1,046		)
		$	(5,880	)	$	(1,677	)

Credit Risk

The credit risk exposure related to any derivative instrument is limited to the unrealized gains, if any, on outstanding contracts based on current market prices. To reduce counter-party credit exposure, the Company enters into contracts with financial institutions management deems credit worthy and limits credit exposure to each institution. The Company does not anticipate non-performance by any of its counterparties. In addition, to allow for situations where derivative positions may need to be revised, the Company transacts only in markets that management considers highly liquid.

NOTE 12 – ACQUISITIONS

On February 20, 2015, the Company completed its acquisition of the Wharf gold mine located near Lead, South Dakota, for $99.4 million in cash. The transaction was accounted for as a business combination which requires that assets acquired and liabilities assumed be recognized at their respective fair values at the acquisition date. The Company incurred $2.1 million of acquisition costs, which are included in Pre-development, reclamation, and other on the Condensed Consolidated Statements of Comprehensive Income (Loss).

The following table presents the unaudited pro forma summary of the Company’s Condensed Consolidated Statements of Comprehensive Income (Loss) for the three months endedMarch 31, 2015, as if the acquisition had occurred on January 1, 2015. The following unaudited pro forma financial information is presented for informational purposes only and is not necessarily indicative of the results of operations as they would have been had the transaction occurred on the assumed date, nor is it necessarily an indication of trends in future results for a number of reasons, including, but not limited to, differences between the assumptions used to prepare the pro forma information, potential synergies, and cost savings from operating efficiencies.

	Three months ended March 31,
In thousands	2016			2015 (Pro Forma)
Revenue	$	148,387		$	170,956
Income (loss) before income and mining taxes	(18,290		)	(33,271		)
Net income (loss)	(20,396		)	(33,340		)

NOTE 13 – INVESTMENTS

The Company invests in equity securities of silver and gold exploration and development companies. These investments are classified as available-for-sale and are measured at fair value in the financial statements with unrealized gains and losses recorded in Other comprehensive income (loss).

	At March 31, 2016
In thousands	Cost	Gross Unrealized Losses		Gross Unrealized Gains	Estimated Fair Value
Equity securities	3,509	(108	)	2,129	5,530

	At December 31, 2015
In thousands	Cost		Gross Unrealized Losses			Gross Unrealized Gains		Estimated Fair Value
Equity securities	$	3,386	$	(1,179	)	$	559	$	2,766

16

Coeur Mining, Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

The Company performs a quarterly assessment on each of its equity securities with unrealized losses to determine if the security is other than temporarily impaired. The Company recorded pre-tax other-than-temporary impairment losses of $1.5 million in the three months ended March 31, 2015, in Other, net. The following table summarizes the gross unrealized losses on equity securities for which other-than-temporary impairments have not been recognized and the fair values of those securities, aggregated by the length of time the individual securities have been in a continuous unrealized loss position, at March 31, 2016:

	Less than twelve months					Twelve months or more				Total
In thousands	Unrealized Losses			Fair Value		Unrealized Losses		Fair Value		Unrealized Losses			Fair Value
Equity securities	$	(108	)	$	103	$	—	$	—	$	(108	)	$	103

NOTE 14 – RECEIVABLES

In thousands	March 31, 2016		December 31, 2015
Current receivables:
Trade receivables	$	12,308	$	17,878
Income tax receivable	14,203		13,678
Value added tax receivable	53,022		50,669
Other	3,396		3,767
	$	82,929	$	85,992
Non-current receivables:
Value added tax receivable	$	24,114	$	24,768
Total receivables	$	107,043	$	110,760

NOTE 15 – INVENTORY AND ORE ON LEACH PADS

In thousands	March 31, 2016		December 31, 2015
Inventory:
Concentrate	$	17,373	$	16,165
Precious metals	19,122		21,908
Supplies	42,102		43,638
	$	78,597	$	81,711
Ore on leach pads:
Current	$	72,703	$	67,329
Non-current	49,294		44,582
	$	121,997	$	111,911
Total inventory and ore on leach pads	$	200,594	$	193,622

NOTE 16 – PROPERTY, PLANT AND EQUIPMENT

In thousands	March 31, 2016			December 31, 2015
Land	$	8,287		$	8,287
Facilities and equipment	664,364			654,585
Capital leases	62,148			30,648
	734,799			693,520
Accumulated amortization	(524,315		)	(514,509		)
	210,484			179,011
Construction in progress	10,464			16,988
Property, plant and equipment, net	$	220,948		$	195,999

17

Coeur Mining, Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

NOTE 17 – MINING PROPERTIES

Mining properties consist of the following (in thousands):

March 31, 2016	Palmarejo			Rochester			Kensington			Wharf			San Bartolomé			La Preciosa		Joaquin		Coeur Capital			Total
Mine development	$	156,257		$	150,648		$	245,433		$	32,509		$	39,523		$	—	$	—	$	—		$	624,370
Accumulated amortization	(131,770		)	(129,100		)	(136,757		)	(6,836		)	(30,788		)	—		—					(435,251		)
	24,487			21,548			108,676			25,673			8,735			—		—		—			189,119
Mineral interests	629,303			—			—			45,837			12,868			49,085		10,000		49,440			796,533
Accumulated amortization	(354,554		)	—			—			(12,002		)	(11,471		)	—		—		(33,521		)	(411,548		)
	274,749			—			—			33,835			1,397			49,085		10,000		15,919			384,985
Mining properties, net	$	299,236		$	21,548		$	108,676		$	59,508		$	10,132		$	49,085	$	10,000	$	15,919		$	574,104

December 31, 2015	Palmarejo			Rochester			Kensington			Wharf			San Bartolomé			La Preciosa		Joaquin		Coeur Capital			Total
Mine development	$	151,828		$	149,756		$	238,786		$	32,318		$	39,474		$	—	$	—	$	—		$	612,162
Accumulated amortization	(131,055		)	(126,242		)	(131,236		)	(5,784		)	(30,325		)	—		—		—			(424,642		)
	20,773			23,514			107,550			26,534			9,149			—		—		—			187,520
Mineral interests	629,303			—			—			45,837			12,868			49,085		10,000		59,343			806,436
Accumulated amortization	(348,268		)	—			—			(10,551		)	(11,400		)	—		—		(34,518		)	(404,737		)
	281,035			—			—			35,286			1,468			49,085		10,000		24,825			401,699
Mining properties, net	$	301,808		$	23,514		$	107,550		$	61,820		$	10,617		$	49,085	$	10,000	$	24,825		$	589,219

On March 31, 2016, Coeur sold its 2.0% NSR royalty on the Cerro Bayo mine to the operator, a subsidiary of Mandalay Resources Corporation ("Mandalay"), for total consideration of approximately $5.7 million, consisting of $4.0 million in cash and 2.5 million Mandalay shares. The mineral interest associated with the Cerro Bayo mine was included in the Coeur Capital segment.

The operator of the Endeavor mine in Australia, on which the Company has a 100% silver stream, recently announced a significant curtailment of production due to low lead and zinc prices. As a result, Coeur recorded a $2.5 million write-down of the mineral interest associated with the Endeavor silver stream within the Coeur Capital segment.

On April 19, 2016, Coeur sold its tiered NSR royalty on the El Gallo mine to the operator, a subsidiary of McEwen Mining Inc., for total consideration of approximately $6.3 million, including $1 million in contingent consideration payable in mid-2018. In anticipation of this sale, the Company recorded a $1.9 million write-down of the mineral interest within the Coeur Capital segment at March 31, 2016.

NOTE 18 – DEBT

	March 31, 2016				December 31, 2015
In thousands	Current		Non-Current		Current		Non-Current
3.25% Convertible Senior Notes due 2028	$	—	$	712	$	—	$	712
7.875% Senior Notes due 2021, net(1)	—		373,695		—		373,433
Term Loan due 2020, net(2)	1,000		93,517		1,000		93,489
San Bartolomé Lines of Credit	—		—		—		4,571
Capital lease obligations	15,801		26,376		9,431		7,774
	$	16,801	$	494,300	$	10,431	$	479,979

⁽¹⁾ Net of unamortized debt issuance costs and premium received of $5.1 million and $5.3 million at March 31, 2016 and December 31, 2015, respectively.

⁽²⁾ Net of unamortized debt issuance costs of $4.7 million and $5.0 million at March 31, 2016 and December 31, 2015, respectively.

7.875% Senior Notes due 2021

At any time prior to February 1, 2017, the Company may redeem all or part of the Senior Notes upon not less than 30

18

Coeur Mining, Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

nor more than 60 days’ prior notice at a redemption price equal to the sum of 100% of the principal amount thereof, a make-whole premium as of the date of redemption, and accrued and unpaid interest and additional interest, if any, thereon, to the date of redemption. In addition, the Company may redeem some or all of the Senior Notes on or after February 1, 2017, at redemption prices set forth in the Indenture for the Senior Notes, together with accrued and unpaid interest.

3.25% Convertible Senior Notes due 2028

In accordance with the indenture governing the 3.25% Convertible Senior Notes due 2028 (the “Convertible Notes”), the Company announced on February 12, 2015 that it was offering to repurchase all of the Convertible Notes. During the first quarter of 2015, the Company repurchased $4.6 million in aggregate principal amount. At March 31, 2016, $0.7 million of the Convertible Notes remained outstanding. The Convertible Notes are classified as non-current liabilities at March 31, 2016 as a result of the expiration of the holders' option to require the Company to repurchase the notes.

Term Loan due 2020

On June 23, 2015, the Company and certain of its subsidiaries entered into a credit agreement for the Term Loan with Barclays Bank PLC, as administrative agent (the “Term Loan Credit Agreement”). The Term Loan Credit Agreement provides for a five year $100.0 million term loan to the Company, of which a portion of the proceeds were used to repay the Short-term Loan, and the remaining proceeds are expected to be used for general corporate purposes. The Term Loan contains no financial maintenance covenants and currently bears interest at a rate equal to an adjusted Eurodollar rate plus a margin of 8.00% (at no time will the adjusted Eurodollar rate be deemed to be less than 1.00% per annum). Voluntary prepayments of the Term Loan under the Term Loan Credit Agreement are permitted, subject to the payment of a make-whole premium if such prepayment occurs prior to the first anniversary of the closing date, a premium of 105.0% of the principal amount between the first anniversary and the second anniversary of the closing date and a premium of 103.0% if such prepayment occurs on or after the second anniversary but prior to the third anniversary of the closing date. The Term Loan Credit Agreement requires amortization payments equal to 1.0% of the principal amount of the Term Loan per annum and also requires net cash proceeds of debt issuances, excess cash flow, asset sales and casualty insurance recoveries (in each case, subject to certain exceptions) to either be reinvested in long-term assets used in the Company’s business or be applied as a mandatory prepayment of the Term Loan. Amounts repaid on the Term Loan may not be re-borrowed. At March 31, 2016, the Company has made amortization payments totaling $0.8 million. The obligations under the Term Loan are secured by substantially all of the assets of the Company and its domestic subsidiaries, including the land, mineral rights and infrastructure at the Kensington, Rochester and Wharf mines, as well as a pledge of the shares of certain of the Company's subsidiaries. The Term Loan Credit Agreement contains customary representations and warranties, events of default, and affirmative and negative covenants.

Lines of Credit

San Bartolomé had two available lines of credit for an aggregate amount of $27.0 million, both of which were undrawn at March 31, 2016.

Short-term Loan

On March 31, 2015, the Company entered into a credit agreement (the "Short-term Credit Agreement") with The Bank of Nova Scotia. The Short-term Credit Agreement provided for a $50.0 million loan (the "Short-term Loan") to the Company. The Short-term Loan generally bore interest at a rate equal to an adjusted Eurocurrency rate plus a margin of 2.50%. On June 25, 2015, the Short-term Loan was repaid in full, the security for the Short-term Loan was released, and the Short-term Credit Agreement was terminated.

Capital Lease Obligations

From time to time, the Company acquires mining equipment under capital lease agreements.  During the three months ended March 31, 2016, the Company entered into new lease financing arrangements primarily for a haul truck fleet at its Rochester mine and mining equipment to support the continued underground mine expansion at the Palmarejo complex.  All capital lease obligations are recorded, upon lease inception, at the present value of future minimum lease payments. 

Palmarejo Gold Production Royalty Obligation

On January 21, 2009, Coeur Mexicana entered into a gold production royalty transaction with a subsidiary of Franco-Nevada Corporation under which the subsidiary of Franco-Nevada Corporation purchased a royalty covering 50% of the life of mine gold to be produced from the Palmarejo silver and gold mine in Mexico. This royalty excludes production from the recently acquired Paramount properties.

The royalty agreement provides for a minimum obligation to be paid monthly on a total of 400,000 ounces of gold, or 4,167 ounces per month over an initial eight year period. Each monthly payment is an amount equal to the greater of 4,167 ounces

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Notes to Condensed Consolidated Financial Statements

of gold or 50% of actual gold production multiplied by the excess of the monthly average market price of gold above $416 per ounce, subject to a 1% annual inflation compounding adjustment. Payments under the royalty agreement are made in cash or gold bullion. The Company paid $9.1 million and $10.4 million during the three months endedMarch 31, 2016 and 2015, respectively. At March 31, 2016, payments had been made on a total of 379,006 ounces of gold with further payments to be made on an additional 20,994 ounces of gold.     

The Company used an implicit interest rate of 30.5% to discount the original royalty obligation, based on the fair value of the consideration received projected over the expected future cash flows at inception of the obligation. The discounted obligation is accreted to its expected future value over the expected minimum payment period based on the implicit interest rate. The Company recognized accretion expense of $0.8 million and $2.0 million for the three months endedMarch 31, 2016 and 2015, respectively. At March 31, 2016 and December 31, 2015, the remaining minimum obligation under the royalty agreement was $9.8 million and $15.2 million, respectively.

Interest Expense

	Three months ended March 31,
In thousands	2016			2015
3.25% Convertible Senior Notes due 2028	$	6		$	37
7.875% Senior Notes due 2021	7,457			8,562
Term Loan due 2020	2,264			—
San Bartolomé Lines of Credit	15			272
Capital lease obligations	265			298
Other debt obligations	11			—
Accretion of Palmarejo gold production royalty obligation	765			2,031
Amortization of debt issuance costs	631			405
Accretion of debt premium	(91		)	(105		)
Capitalized interest	(203		)	(735		)
Total interest expense, net of capitalized interest	$	11,120		$	10,765

NOTE 19 - SUPPLEMENTAL GUARANTOR INFORMATION

The following Condensed Consolidating Financial Statements are presented to satisfy disclosure requirements of Rule 3-10 of Regulation S-X resulting from the guarantees by Coeur Alaska, Inc., Coeur Explorations, Inc., Coeur Rochester, Inc., Coeur South America Corp., Wharf Resources (U.S.A.), Inc. and subsidiaries, and Coeur Capital, Inc. (collectively, the “Subsidiary Guarantors”) of the Senior Notes. The following schedules present Condensed Consolidating Financial Statements of (a) Coeur, the parent company; (b) the Subsidiary Guarantors; and (c) certain wholly-owned domestic and foreign subsidiaries of the Company (collectively, the “Non-Guarantor Subsidiaries”). Each of the Subsidiary Guarantors is 100% owned by Coeur and the guarantees are full and unconditional. There are no restrictions on the ability of Coeur to obtain funds from its subsidiaries by dividend or loan.

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CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

THREE MONTHS ENDED MARCH 31, 2016

In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenue	$	—		$	93,954		$	54,433		$	—		$	148,387
COSTS AND EXPENSES
Costs applicable to sales(1)	—			62,364			39,191			—			101,555
Amortization	423			17,859			9,682			—			27,964
COSTS AND EXPENSES
General and administrative	8,080			18			178			—			8,276
Exploration	623			184			924			—			1,731
Write-downs	—			—			4,446			—			4,446
Pre-development, reclamation, and other	452			1,416			2,336			—			4,204
Total costs and expenses	9,578			81,841			56,757			—			148,176
OTHER INCOME (EXPENSE), NET
Fair value adjustments, net	(1,582		)	(2,249		)	(4,864		)	—			(8,695		)
Other, net	338			2,254			(253		)	(1,025		)	1,314
Interest expense, net of capitalized interest	(10,255		)	(213		)	(1,677		)	1,025			(11,120		)
Total other income (expense), net	(11,499		)	(208		)	(6,794		)	—			(18,501		)
Loss before income and mining taxes	(21,077		)	11,905			(9,118		)	—			(18,290		)
Income and mining tax (expense) benefit	(209		)	(307		)	(1,590		)	—			(2,106		)
Total loss after income and mining taxes	(21,286		)	11,598			(10,708		)	—			(20,396		)
Equity income (loss) in consolidated subsidiaries	890			(4,479		)	—			3,589			—
NET INCOME (LOSS)	$	(20,396	)	$	7,119		$	(10,708	)	$	3,589		$	(20,396	)
OTHER COMPREHENSIVE INCOME (LOSS), net of tax:
Unrealized gain (loss) on marketable securities, net of tax	1,043			976			—			(976		)	1,043
Reclassification adjustments for impairment of marketable securities	—			—			—			—			—
Reclassification adjustments for realized loss on sale of marketable securities	588			(381		)	—			381			588
Other comprehensive income (loss)	1,631			595			—			(595		)	1,631
COMPREHENSIVE INCOME (LOSS)	$	(18,765	)	$	7,714		$	(10,708	)	$	2,994		$	(18,765	)

(1) Excludes amortization.

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

THREE MONTHS ENDED MARCH 31, 2015

In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenue	$	—		$	88,672		$	64,284		$	—		$	152,956
COSTS AND EXPENSES
Costs applicable to sales(1)	—			60,811			54,251			—			115,062
Amortization	502			18,567			14,021			—			33,090
General and administrative	8,750			7			77			—			8,834
Exploration	563			2,458			1,245			—			4,266
Pre-development, reclamation, and other	3,388			1,375			2,000			—			6,763
Total costs and expenses	13,203			83,218			71,594			—			168,015
OTHER INCOME (EXPENSE), NET
Fair value adjustments, net	(1,046		)	(2,293		)	(1,545		)	—			(4,884		)
Other, net	1,280			(1,571		)	(1,398		)	(822		)	(2,511		)
Interest expense, net of capitalized interest	(8,855		)	(288		)	(2,444		)	822			(10,765		)
Total other income (expense), net	(8,621		)	(4,152		)	(5,387		)	—			(18,160		)
Income (Loss) before income and mining taxes	(21,824		)	1,302			(12,697		)	—			(33,219		)
Income and mining tax (expense) benefit	1,550			(350		)	(1,268		)	—			(68		)
Income (Loss) after income and mining taxes	(20,274		)	952			(13,965		)	—			(33,287		)
Equity income (loss) in consolidated subsidiaries	(13,013		)	809			—			12,204			—
NET INCOME (LOSS)	$	(33,287	)	$	1,761		$	(13,965	)	$	12,204		$	(33,287	)
OTHER COMPREHENSIVE INCOME (LOSS), net of tax:
Unrealized gain (loss) on equity securities, net of tax	(915		)	(915		)	—			915			(915		)
Reclassification adjustments for impairment of equity securities, net of tax	928			928			—			(928		)	928
Other comprehensive income (loss)	13			13			—			(13		)	13
COMPREHENSIVE INCOME (LOSS)	$	(33,274	)	$	1,774		$	(13,965	)	$	12,191		$	(33,274	)

(1) Excludes amortization.

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Notes to Condensed Consolidated Financial Statements

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

THREE MONTHS ENDED MARCH 31, 2016

In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Cash provided by (used in) operating activities	$	(28,642	)	$	21,460		$	10,210		$	3,589		6,617
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(46		)	(12,790		)	(9,336		)	—			(22,172		)
Purchase of investments	(7		)	—			—			—			(7		)
Sales and maturities of investments	501			496			—			—			997
Other	(1,539		)	4,107			(32		)	—			2,536
Investments in consolidated subsidiaries	3,420			8,179			—			(11,599		)	—
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	2,329			(8		)	(9,368		)	(11,599		)	(18,646		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on debt, capital leases, and associated costs	(250		)	(830		)	(4,891		)	—			(5,971		)
Gold production royalty payments	—			—			(9,131		)	—			(9,131		)
Net intercompany financing activity	(7,879		)	(24,965		)	24,834			8,010			—
Other	(280		)	—			—			—			(280		)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	(8,409		)	(25,795		)	10,812			8,010			(15,382		)
Effect of exchange rate changes on cash and cash equivalents	—			4			82			—			86
NET CHANGE IN CASH AND CASH EQUIVALENTS	(34,722		)	(4,339		)	11,736			—			(27,325		)
Cash and cash equivalents at beginning of period	96,123			34,228			70,363			—			200,714
Cash and cash equivalents at end of period	$	61,401		$	29,889		$	82,099		$	—		$	173,389

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

THREE MONTHS ENDED MARCH 31, 2015

In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Cash provided by (used in) operating activities	$	(44,918	)	$	29,908		$	(643	)	$	12,204		(3,449		)
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(12		)	(7,399		)	(10,209		)	—			(17,620		)
Purchase of investments	(278		)	—			—			—			(278		)
Sales and maturities of investments	—			145			84			—			229
Acquisitions	(103,000		)	—			982			—			(102,018		)
Other	(1,767		)	—			37			—			(1,730		)
Investments in consolidated subsidiaries	12,221			(810		)	—			(11,411		)	—
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	(92,836		)	(8,064		)	(9,106		)	(11,411		)	(121,417		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of notes and bank borrowings	50,000			—			3,500			—			53,500
Payments on long-term debt, capital leases, and associated costs	(6,582		)	(1,818		)	(194		)	—			(8,594		)
Gold production royalty payments	—			—			(10,368		)	—			(10,368		)
Net intercompany financing activity	(1,730		)	(19,628		)	21,358			—			—
Other	(423		)	—			793			(793		)	(423		)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	41,265			(21,446		)	15,089			(793		)	34,115
Effect of exchange rate changes on cash and cash equivalents	—			—			(523		)	—			(523		)
NET CHANGE IN CASH AND CASH EQUIVALENTS	(96,489		)	398			4,817			—			(91,274		)
Cash and cash equivalents at beginning of period	210,361			5,781			54,719			—			270,861
Cash and cash equivalents at end of period	$	113,872		$	6,179		$	59,536		$	—		$	179,587

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Notes to Condensed Consolidated Financial Statements

CONDENSED CONSOLIDATING BALANCE SHEET

MARCH 31, 2016

In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	61,401		$	29,889		$	82,099		$	—		$	173,389
Receivables	—			7,978			74,951			—			82,929
Ore on leach pads	—			72,703			—			—			72,703
Inventory	—			40,828			37,769			—			78,597
Prepaid expenses and other	3,419			3,267			6,444			—			13,130
	64,820			154,665			201,263			—			420,748
NON-CURRENT ASSETS
Property, plant and equipment, net	4,169			153,046			63,733			—			220,948
Mining properties, net	—			192,176			381,928			—			574,104
Ore on leach pads	—			49,294			—			—			49,294
Restricted assets	7,292			381			5,548			—			13,221
Equity securities	—			5,530			—			—			5,530
Receivables	—			—			24,114			—			24,114
Deferred tax assets	—			—			2,750			—			2,750
Net investment in subsidiaries	124,846			19,478			—			(144,324		)	—
Other	55,604			9,091			5,299			(55,605		)	14,389
TOTAL ASSETS	$	256,731		$	583,661		$	684,635		$	(199,929	)	$	1,325,098
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	1,857		$	20,001		$	25,097		$	—		$	46,955
Accrued liabilities and other	8,340			12,181			21,516			—			42,037
Debt	1,000			11,478			4,323			—			16,801
Royalty obligations	—			4,522			16,661			—			21,183
Reclamation	—			1,533			1,930			—			3,463
	11,197			49,715			69,527			—			130,439
NON-CURRENT LIABILITIES
Debt	467,924			17,376			64,605			(55,605		)	494,300
Royalty obligations	—			6,354			—			—			6,354
Reclamation	—			63,194			20,708			—			83,902
Deferred tax liabilities	28,806			7,263			110,776			—			146,845
Other long-term liabilities	2,106			3,839			52,173			—			58,118
Intercompany payable (receivable)	(658,442		)	389,838			268,604			—			—
	(159,606		)	487,864			516,866			(55,605		)	789,519
STOCKHOLDERS’ EQUITY
Common stock	1,532			250			160,336			(160,586		)	1,532
Additional paid-in capital	3,026,871			179,553			1,879,279			(2,058,832		)	3,026,871
Accumulated deficit	(2,621,172		)	(131,630		)	(1,941,373		)	2,073,003			(2,621,172		)
Accumulated other comprehensive income (loss)	(2,091		)	(2,091		)	—			2,091			(2,091		)
	405,140			46,082			98,242			(144,324		)	405,140
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	256,731		$	583,661		$	684,635		$	(199,929	)	$	1,325,098

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Notes to Condensed Consolidated Financial Statements

CONDENSED CONSOLIDATING BALANCE SHEET

DECEMBER 31, 2015

In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	96,123		$	34,228		$	70,363		$	—		$	200,714
Receivables	11			12,773			73,208			—			85,992
Ore on leach pads	—			67,329			—			—			67,329
Inventory	—			45,491			36,220			—			81,711
Prepaid expenses and other	3,496			1,075			6,371			—			10,942
	99,630			160,896			186,162			—			446,688
NON-CURRENT ASSETS
Property, plant and equipment, net	4,546			138,706			52,747			—			195,999
Mining properties, net	—			199,303			389,916			—			589,219
Ore on leach pads	—			44,582			—			—			44,582
Restricted assets	5,755			381			5,497			—			11,633
Equity securities	434			2,332			—			—			2,766
Receivables	—			—			24,768			—			24,768
Deferred tax assets	—			—			1,942			—			1,942
Net investment in subsidiaries	127,671			27,657			—			(155,328		)	—
Other	54,578			9,197			5,695			(54,578		)	14,892
TOTAL ASSETS	$	292,614		$	583,054		$	666,727		$	(209,906	)	$	1,332,489
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	1,743		$	18,535		$	28,454		$	—		$	48,732
Accrued liabilities and other	20,555			14,598			18,800			—			53,953
Debt	1,000			8,120			1,311			—			10,431
Royalty obligations	—			4,729			20,164			—			24,893
Reclamation	—			1,401			1,821			(1,151		)	2,071
	23,298			47,383			70,550			(1,151		)	140,080
NON-CURRENT LIABILITIES
Debt	467,634			4,947			61,976			(54,578		)	479,979
Royalty obligations	—			4,864			—			—			4,864
Reclamation	—			61,924			20,122			1,151			83,197
Deferred tax liabilities	28,600			6,927			111,605			—			147,132
Other long-term liabilities	2,171			3,838			49,752			—			55,761
Intercompany payable (receivable)	(650,565		)	411,103			239,462			—			—
	(152,160		)	493,603			482,917			(53,427		)	770,933
STOCKHOLDERS’ EQUITY
Common stock	1,513			250			130,885			(131,135		)	1,513
Additional paid-in capital	3,024,461			179,553			1,896,047			(2,075,600		)	3,024,461
Accumulated deficit	(2,600,776		)	(135,049		)	(1,913,672		)	2,048,721			(2,600,776		)
Accumulated other comprehensive income (loss)	(3,722		)	(2,686		)	—			2,686			(3,722		)
	421,476			42,068			113,260			(155,328		)	421,476
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	292,614		$	583,054		$	666,727		$	(209,906	)	$	1,332,489

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Notes to Condensed Consolidated Financial Statements

NOTE 20 – COMMITMENTS AND CONTINGENCIES

Labor Union Contract

The Company maintains a labor agreement with Sindicato de Trabajadores Mineros de la Empresa Manquiri S.A. at the San Bartolomé mine in Bolivia. The San Bartolomé mine labor agreement, which became effective January 28, 2010, is currently active and does not have a fixed term. At March 31, 2016, approximately 11% of the Company’s global labor force was covered by this collective bargaining agreement. The Company cannot predict whether this agreement will be renewed on similar terms or at all, whether future labor disruptions will occur or, if disruptions do occur, how long they will last.

Rochester Production Royalty

Commencing January 1, 2014, Coeur Rochester is obligated to pay a 3.4% net smelter returns royalty on up to 39.4 million silver equivalent ounces produced and sold from a portion of the Rochester mine, payable on a quarterly basis. For each calendar quarter, the royalty is payable on the actual sales prices received (exclusive of gains or losses associated with trading activities), less refining costs, of gold and silver produced and sold from the applicable portions of the Rochester mine. Changes in the Company's mine plan and silver and gold prices result in the recognition of mark-to-market gains or losses in Fair value adjustments, net. At March 31, 2016, a total of 24.1 million silver equivalent ounces remain outstanding under the obligation.

Palmarejo Gold Production Royalty and Gold Stream

On January 21, 2009, Coeur Mexicana entered into a gold production royalty agreement with a subsidiary of Franco-Nevada Corporation under which the subsidiary of Franco-Nevada Corporation purchased a royalty covering 50% of the life of mine gold to be produced from its Palmarejo silver and gold mine in Mexico (excluding production from the recently acquired Paramount properties). The royalty agreement provides for a minimum obligation of 4,167 ounces per month over an initial eight-year period for a total of 400,000 ounces of gold.

On October 2, 2014, Coeur Mexicana terminated the Palmarejo gold production royalty in exchange for a termination payment of $2.0 million, effective upon completion of the minimum ounce delivery requirement. Subsequently, Coeur Mexicana entered into a gold stream agreement with a subsidiary of Franco-Nevada Corporation whereby Coeur Mexicana will sell 50% of Palmarejo gold production (excluding production from the recently acquired Paramount properties) upon completion of the gold production royalty minimum ounce delivery requirement, for the lesser of $800 or spot price per ounce.  Under the gold stream agreement, Coeur Mexicana received a $22.0 million deposit toward future deliveries under the gold stream agreement.

Sites Related to Callahan Mining Corporation

In 1991, the Company acquired all of the outstanding common stock of Callahan Mining Corporation. The Company has received requests for information or notices of potential liability from state or federal agencies with regard to Callahan's operations at sites in Maine, Colorado and Washington. The Company did not make any decisions with respect to generation, transport or disposal of hazardous waste at these sites. Therefore, the Company believes that it is not liable for any potential cleanup costs either directly as an operator or indirectly as a parent. The Company anticipates that further agency interaction may occur with respect to these sites.

Callahan operated a mine and mill in Brooksville, Maine from 1968 until 1972 and subsequently disposed of the property. In 2000, the U.S. Environmental Protection Agency, or EPA, made a formal request to the Company for information regarding the site. The site was placed on the National Priorities List on September 5, 2002, and the Maine Department of Transportation, a partial owner of the property, signed a consent order in 2005. In January 2009, the EPA and the State of Maine made additional formal requests to the Company for information relating to the site, to which the Company responded. The first phase of cleanup at the site began in April 2011.

The Van Stone Mine in Stevens County, Washington consists of several parcels of land and was mined from 1926 until 1993 by multiple owners. Callahan sold its parcel in 1990. In February 2010, the State of Washington Department of Ecology notified Callahan that it, among others, is a potentially liable person (PLP) under Washington law.

Under lease and option agreements with several owners, Callahan was involved with the Akron Mine located in Gunnison County, Colorado from 1937-1960. The United States Forest Service (“USFS”) made formal requests for information to Callahan regarding the site in December 2003, February 2007, March 2013, and November 2013. Callahan timely responded to each request. In August 2014, Callahan received a notice of potential CERCLA liability from the USFS regarding environmental contamination at the Akron Mine.

25

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Notes to Condensed Consolidated Financial Statements

Bolivian Temporary Restriction on Mining above 4,400 Meters

On October 14, 2009, the Bolivian state-owned mining organization, COMIBOL, announced by resolution that it was temporarily suspending mining activities above the elevation of 4,400 meters above sea level while stability studies of Cerro Rico mountain are undertaken. The Company holds rights to mine above this elevation under valid contracts with COMIBOL as well as under authorized contracts with local mining cooperatives that hold their rights under contract themselves with COMIBOL. The stability studies have been completed and officially submitted to the Bolivian mining technical authorities. Accordingly, the COMIBOL suspension has expired in accordance with the terms of the resolution. As a result of the resolution, the Company temporarily adjusted its mine plan to confine mining activities to the ore deposits below 4,400 meters above sea level and timely notified COMIBOL of the need to lift the restriction. The Cooperative Reserva Fiscal, with whom the Company has one of those contracts, subsequently interpreted the COMIBOL resolution and determined that the Huacajchi deposit was not covered by such resolution. In March 2010, the Cooperative Reserva Fiscal notified COMIBOL that, based on its interpretation, it was resuming mining of high grade material above the 4,400 meter level in the Huacajchi deposit. In December 2011, the Cooperative Reserva Fiscal sent a similar notification to COMIBOL with respect to a further area above the 4,400 meter level known as Huacajchi Sur. Based on these notifications and on the absence of any objection from COMIBOL, the Company resumed limited mining operations at the San Bartolomé mine on the Huacajchi deposit and Huacajchi Sur. Despite the fact that the COMIBOL suspension has expired, the Company has not resumed mining in other areas above the 4,400 meter level due to community relations concerns and the current political climate in Bolivia.

While the COMIBOL suspension has expired, it is uncertain at this time how long the Company will continue to suspend its mining operations in areas above the 4,400 meter level other than at Huacajchi and Huacajchi Sur. If COMIBOL decides to affirmatively adopt a new resolution to restrict access above the 4,400 meter level on a permanent basis, the Company may need to further write down the carrying value of the asset. While a portion of the Company's proven and probable reserves relate to material above the 4,400 meter level at San Bartolomé, so long as operations remain suspended, there is a risk that silver may not be produced from this material at expected levels or at all, particularly given the remaining anticipated mine life of this asset. It is also uncertain if any new mining or investment policies or shifts in political attitude may affect mining in Bolivia.

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Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations

The following discussion provides information that management believes is relevant to an assessment and understanding of the consolidated financial condition and results of operations of Coeur Mining, Inc. and its subsidiaries (collectively "the Company", "our", or "we"). We use certain non-GAAP financial performance measures in Management's Discussion and Analysis ("MD&A") such as costs applicable to sales, all-in sustaining costs, and adjusted net income (loss). For a detailed description of each of these non-GAAP measures, please see "Non-GAAP Financial Performance Measures" at the end of this item. We believe it is important to read this item in conjunction with our interim unaudited Condensed Consolidated Financial Statements and the notes thereto included in this quarterly report and our Annual Report on Form 10-K for the year ended December 31, 2015 (the "2015 10-K"), as well as other information we file with the Securities and Exchange Commission.

We provide some operational and financial data on a silver equivalent basis, converting gold to silver at a 60:1 ratio of silver ounces to gold ounces. We also provide some silver equivalent data using a ratio determined by the actual ratio of average realized silver and gold prices during the relevant period. Silver and gold equivalence are stated using the 60:1 ratio unless otherwise noted.

Overview

We are a gold and silver producer with mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. The Palmarejo complex, the Rochester, Kensington, Wharf, and San Bartolomé mines constitute our principal sources of revenue. The Company also owns Coeur Capital, which is primarily comprised of the Endeavor silver stream as well as other precious metal royalties and strategic investments.

The Company's strategy is to discover, acquire, develop and operate low-cost silver and gold mines that produce long-term cash flow, provide opportunities for growth through continued exploration, and generate superior and sustainable returns for stockholders. Management focuses on maximizing net cash flow through identifying and implementing revenue enhancement opportunities, reducing operating and non-operating costs, consistent capital discipline, and efficient working capital management.

First Quarter Highlights

• Metal sales of $146.6 million and royalty revenue of $1.8 million

• Production of 8.1 million silver equivalent ounces, consisting of 3.4 million silver ounces and 78,072 gold ounces

• Costs applicable to sales were $12.36 per silver equivalent ounce ($11.37 per realized silver equivalent ounce) and $728 per gold equivalent ounce (see "Non-GAAP Financial Performance Measures")

• All-in sustaining costs were $16.28 per silver equivalent ounce ($13.93 per realized silver equivalent ounce) (see "Non-GAAP Financial Performance Measures")

• General and administrative expenses reduced 6% from 2015 to $8.3 million

• Adjusted net loss of $6.6 million or $0.04 per share (see "Non-GAAP Financial Performance Measures")

• Capital expenditures of $22.2 million, primarily for the development of the Jualin deposit at Kensington and the Guadalupe and Independencia underground deposits at Palmarejo

• Sale of non-core royalty assets for total consideration of $5.7 million

• Cash and cash equivalents of $173.4 million at March 31, 2016

Consolidated Performance

Net loss was $20.4 million for the three months endedMarch 31, 2016 compared to Net loss of $33.3 million for the three months endedMarch 31, 2015.  The lowerNet loss in three months endedMarch 31, 2016 is primarily due to higher gold ounces sold, lower costs applicable to sales per silver and gold ounce, and lower general and administrative expenses, partially offset by lower average realized silver and gold prices and lower silver ounces sold.

The Company produced 3.4 million ounces of silver and 78,072 ounces of gold in three months endedMarch 31, 2016, compared to 3.8 million ounces of silver and 69,734 ounces of gold in three months endedMarch 31, 2015. Silver production decreased due to lower mill throughput at Palmarejo and timing of leach pad recoveries at Rochester, partially offset by production from additional high grade ore purchases at San Bartolomé. Gold production increased in three months endedMarch 31, 2016 primarily due to a full quarter of attributable production from Wharf.

Costs applicable to sales were $12.36 per silver equivalent ounce and $728 per gold equivalent ounce in three months endedMarch 31, 2016 compared to $14.32 per silver equivalent ounce and $798 per gold ounce in three months endedMarch 31, 2015. Costs applicable to sales per silver equivalent ounce decreased in three months endedMarch 31, 2016 primarily due to

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lower unit costs at Palmarejo and San Bartolomé. Costs applicable to sales per gold equivalent ounce decreased in three months endedMarch 31, 2016 due to lower unit costs at Kensington and the addition of Wharf.

	Three months ended March 31,
	2016		2015
Silver ounces produced	3,372,475		3,843,580
Gold ounces produced	78,072		69,734
Silver equivalent ounces produced	8,056,795		8,027,620
Silver ounces sold	3,529,502		4,088,625
Gold ounces sold	79,091		68,420
Silver equivalent ounces sold	8,274,952		8,193,825
Average realized price per silver ounce	$	15.16	$	16.77
Average realized price per gold ounce	$	1,178	$	1,204
Costs applicable to sales per silver equivalent ounce(1)	$	12.36	$	14.32
Costs applicable to sales per realized silver equivalent ounce(1)(2)	$	11.37	$	13.47
Costs applicable to sales per gold equivalent ounce(1)	$	728	$	798
All-in sustaining costs per silver equivalent ounce(1)	$	16.28	$	18.11
All-in sustaining costs per realized silver equivalent ounce(1)(2)	$	13.93	$	16.46

(1) See "Non-GAAP Financial Performance Measures."

(2) Equivalent ounces calculated using average realized prices.

Consolidated Financial Results

Three Months Ended March 31, 2016 compared to Three Months Ended March 31, 2015

Revenue

Metal sales decreased 3% due to lower average realized silver and gold prices and lower silver ounces sold, partially offset by higher gold ounces sold. The Company realized average silver and gold prices of $15.16 per ounce and $1,178 per ounce, respectively, compared with average realized prices of $16.77 per ounce and $1,204 per ounce, respectively. The Company sold 3.5 million silver ounces and 79,091 gold ounces, compared to sales of 4.1 million silver ounces and 68,420 gold ounces. Gold contributed 64% of sales and silver contributed 36%, compared to 55% of sales from gold and 45% from silver. Royalty revenue was consistent with the prior year as higher attributable production offset lower metal prices.

Costs Applicable to Sales

Costs applicable to sales were lower due to lower unit costs at all sites and lower silver ounces sold partially offset by higher gold ounces sold. For a complete discussion of costs applicable to sales, see Results of Operations below.

Amortization

Amortization decreased by $5.1 million, or 15%, primarily due to lower production and lower amortizable mineral interests and mining equipment.

Expenses

General and administrative expenses decreased$0.6 million, or 6%, primarily due to lower compensation and professional services costs.

Exploration expense decreased$2.5 million, or 59%, due to decreased drilling activity at Palmarejo, Kensington, and Rochester.

Pre-development, reclamation, and other expenses decreased38% to $4.2 million, primarily due to prior year Wharf acquisition costs.

Write-downs were $4.4 million ($3.9 million net of tax) related to the Company's silver stream on the Endeavor mine in Australia as a result of the decision by the mine operator to significantly curtail production due to low lead and zinc prices and the anticipated sale of the Company's tiered NSR royalty on the El Gallo mine.

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Other Income and Expenses

Non-cash fair value adjustments, net, were a loss of $8.7 million compared to a loss of $4.9 million, primarily due to the impact of changes in future metal prices on the Palmarejo gold production royalty and the Rochester 3.4% NSR royalty obligation.

Interest expense (net of capitalized interest of $0.2 million) increased to $11.1 million from $10.8 million primarily due to interest expense associated with additional borrowings, partially offset by lower accretion of the Palmarejo gold production royalty obligation.

Other, net increased by $3.8 million, primarily due to the gain on the sale of the Cerro Bayo royalty and changes in foreign currency exchange rates.

Income and Mining Taxes

During the first quarter of 2016, the Company reported estimated income and mining tax expense of approximately $2.1 million, for an effective tax rate of 11.5%. Estimated income and mining tax expense during the first quarter of 2015 was $0.1 million, for an effective tax rate of 0.0%. The following table summarizes the components of the Company’s income (loss) before tax and income and mining tax (expense) benefit:

	Three months ended March 31, 2016						Three months ended March 31, 2015
In thousands	Income (loss) before tax			Tax (expense) benefit			Income (loss) before tax			Tax (expense) benefit
United States	$	(9,361	)	$	(532	)	$	(20,707	)	$	1,886
Argentina	(1,015		)	1,543			(696		)	(1		)
Mexico	(7,509		)	17			(9,672		)	(1,264		)
Bolivia	2,047			(1,570		)	(2,379		)	(1,407		)
Other jurisdictions	(2,452		)	(1,564		)	235			718
	$	(18,290	)	$	(2,106	)	$	(33,219	)	$	(68	)

The Company’s effective tax rate is impacted by recurring items, such as foreign exchange rates on deferred tax balances, mining tax expense and uncertain tax position accruals, and the full valuation allowance on the deferred tax assets relating to losses in the United States and certain foreign jurisdictions. In addition, the Company's consolidated effective income tax rate is a function of the combined effective tax rates and foreign exchange rates in the jurisdictions in which it operates. Variations in the jurisdictional mix of income and loss and foreign exchange rates result in significant fluctuations in its consolidated effective tax rate.

A valuation allowance is provided for deferred tax assets for which it is more likely than not that the related benefits will not be realized. Each quarter, the Company analyzes its deferred tax assets and if it is determined that the Company will not realize all or a portion of its deferred tax assets, it will record or increase a valuation allowance. Conversely, if it is determined that the Company will ultimately be more likely than not able to realize all or a portion of the related benefits for which a valuation allowance has been provided, all or a portion of the related valuation allowance will be reduced. There are a number of risk factors that could impact the Company’s ability to realize its deferred tax assets.

Likewise, there are a number of factors that can potentially impact the Company’s effective tax, including the geographic distribution of income, the non-recognition of tax assets, changes in tax laws, and the impact of specific transactions.

Results of Operations

Palmarejo

	Three months ended March 31,
	2016		2015
Tons milled	246,533		451,918
Silver ounces produced	933,369		1,354,000
Gold ounces produced	14,668		15,495
Silver equivalent ounces produced	1,813,449		2,283,700
Costs applicable to sales per silver equivalent oz(1)	$	12.36	$	15.99
Costs applicable to sales per realized silver equivalent oz(1)	$	10.90	$	14.85

(1) See Non-GAAP Financial Performance Measures.

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Three Months Ended March 31, 2016compared to Three Months Ended March 31, 2015

Silver equivalent production decreased21% due to planned lower mill throughput as the mine continues its transition to a lower tonnage, higher grade underground operation from a predominantly open pit operation. Metal sales were $29.8 million, or 21% of Coeur's metal sales, compared with $39.4 million, or 26% of Coeur's metal sales, due to lower average realized silver and gold prices and lower production. Costs applicable to sales per ounce decreased as a result of higher underground ore grades and related recoveries, lower waste tons mined, lower milling, diesel, and consumables costs, favorable currency exchange rates, and lower maintenance costs. Amortization was $7.3 million in both periods. Capital expenditures decreased to $8.8 million compared to $9.2 million due to lower development expenditures on the Guadalupe underground mine, mostly offset by development of the Independencia underground mine.

Rochester

	Three months ended March 31,
	2016		2015
Tons placed	4,374,459		4,013,879
Silver ounces produced	928,903		1,143,570
Gold ounces produced	10,460		13,721
Silver equivalent ounces produced	1,556,503		1,966,830
Costs applicable to sales per silver equivalent oz(1)	$	12.64	$	12.99
Costs applicable to sales per realized silver equivalent oz(1)	$	11.32	$	11.94

(1) See Non-GAAP Financial Performance Measures.

Three Months Ended March 31, 2016compared to Three Months Ended March 31, 2015

Silver equivalent production decreased21% due to the timing of recoveries and lower silver grades in tons placed, partially offset by higher tons placed. Metal sales were $30.0 million, or 20% of Coeur’s metal sales, compared with $44.0 million, or 29% of Coeur's metal sales, due to lower average realized silver and gold prices and lower production. Costs applicable to sales per ounce decreased due to lower diesel, maintenance and processing costs. Amortization was $5.3 million compared to $6.8 million due to lower production. Capital expenditures were $3.3 million in both periods.

Kensington

	Three months ended March 31,
	2016		2015
Tons milled	159,360		164,951
Gold ounces produced	31,974		33,909
Costs applicable to sales/oz(1)	$	772	$	798

(1) See Non-GAAP Financial Performance Measures.

Three Months Ended March 31, 2016compared to Three Months Ended March 31, 2015

Gold production decreased6% due to lower grade and mill throughput. Metal sales were $35.7 million, or 24% of Coeur's metal sales, compared to $44.0 million, or 29% of Coeur’s metal sales due to lower average realized gold prices and lower production. Costs applicable to sales per ounce decreased due to lower diesel costs and higher costs from 2015 sales associated with 2014 production as a result of a labor dispute at ports on the western coast of the United States. Amortization was $8.3 million compared to $11.6 million due to lower production. Capital expenditures were $8.1 million compared to $4.1 million, due to the underground development of the high-grade Jualin deposit.

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Wharf

	Three months ended March 31,
	2016		2015(1)
Tons placed	974,663		415,996
Silver ounces produced	12,980		—
Gold ounces produced	20,970		6,609
Gold equivalent ounces produced(2)	21,186		6,609
Costs applicable to sales/oz(2)	$	669	$	—

(1) Amounts are post-acquisition (February 20, 2015).

(2) See Non-GAAP Financial Performance Measures.

Three Months Ended March 31, 2016compared to Three Months Ended March 31, 2015

Gold production was 20,970 ounces compared to 6,609 ounces in the post-acquisition period after February 20, 2015. Metal sales were $27.9 million, or 19% of Coeur's metal sales. Costs applicable to sales were $669 per ounce, and amortization was $4.1 million. Capital expenditures were $1.4 million.

San Bartolomé

	Three months ended March 31,
	2016		2015
Tons milled	407,806		406,951
Silver ounces produced	1,381,913		1,213,252
Costs applicable to sales/oz(1)	$	12.64	$	14.83

(1) See Non-GAAP Financial Performance Measures.

Three Months Ended March 31, 2016compared to Three Months Ended March 31, 2015

Silver production increased14% primarily due to higher grade supplemental ore purchases. Silver sales were $21.3 million, or 15%of Coeur's metal sales, compared with $21.5 million, or 14% of Coeur's metal sales. Costs applicable to sales per ounce was lower due to the favorable impact of higher grade supplemental ore purchases and lower mining costs. Amortization was $1.8 million compared to $4.7 million due to lower amortizable mineral interest and mining equipment. Capital expenditures were $0.5 million compared to $0.9 million.

Coeur Capital

	Three months ended March 31,
Endeavor Silver Stream	2016		2015
Tons milled	86,863		185,299
Silver ounces produced	115,310		132,758
Costs applicable to sales/oz(1)	$	5.35	$	5.37

(1) See Non-GAAP Financial Performance Measures.

Three Months Ended March 31, 2016compared to Three Months Ended March 31, 2015

Silver production at Endeavor decreased as a result of the decision by the mine operator to significantly curtail production due to low lead and zinc prices. Costs applicable to sales per ounce decreased due to the impact of lower silver prices on the Company's silver price sharing agreement with the Endeavor mine operator. Royalty revenue was $1.8 million compared to $2.0 million. Amortization was $0.8 million compared to $2.2 million due to the impact of lower amortizable mineral interest. On March 31, 2016, the Company sold its 2.0% NSR royalty on the Cerro Bayo mine to the operator, a subsidiary of Mandalay Resources Corporation ("Mandalay"), for total consideration of approximately $5.7 million, consisting of $4.0 million in cash and 2.5 million Mandalay shares.

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Liquidity and Capital Resources

Cash Provided by Operating Activities

Net cash provided by operating activities for the three months ended March 31, 2016 was $6.6 million compared to net cash used in operating activities of $3.4 million for the three months ended March 31, 2015, and was impacted by the following key factors:

	Three months ended March 31,
	2016			2015
Consolidated silver equivalent ounces sold	8,274,952			8,193,825
Average realized price per silver equivalent ounce	$	17.93		$	18.42
Costs applicable to sales per consolidated silver equivalent ounce (1)	(12.27		)	(14.46		)
Operating margin per consolidated silver equivalent ounce	$	5.66		$	3.96

(1) See Non-GAAP Financial Performance Measures.

	Three months ended March 31,
In thousands	2016			2015
Cash flow before changes in operating assets and liabilities	$	23,253		$	10,396
Changes in operating assets and liabilities:
Receivables	3,481			2,556
Prepaid expenses and other	1,279			(1,327		)
Inventories	(7,822		)	684
Accounts payable and accrued liabilities	(13,574		)	(15,758		)
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	$	6,617		$	(3,449	)

Cash provided by (used in) operating activities increased $10.1 million for the three months ended March 31, 2016 compared to the three months ended March 31, 2015 due to higher silver equivalent ounces sold and lower costs applicable to sales per silver equivalent ounce, partially offset by lower average realized prices. Metal sales for the three months ended March 31, 2016 decreased $8.3 million due to lower average realized prices, partially offset by a $4.1 million increase due to higher silver equivalent ounces sold. The $16.6 million working capital increase for the three months ended March 31, 2016 was primarily due to an increase in ore on leach pads and the payment of accrued interest, payroll, and other benefits, partially offset by collection of accounts receivable, compared to the $13.8 million working capital increase for the three months ended March 31, 2015, which was primarily due to payment of accrued interest, payroll, and other benefits.

Cash Used in Investing Activities

Net cash used in investing activities in the three months ended March 31, 2016 was $18.6 million compared to $121.4 million in the three months ended March 31, 2015, primarily due to the acquisition of the Wharf gold mine for $99.4 million in February 2015. The Company spent $22.2 million on capital expenditures in the three months ended March 31, 2016 compared with $17.6 million in the three months ended March 31, 2015. Capital expenditures in both periods were primarily related to underground development at Palmarejo and Kensington.

Cash Provided by (Used In) Financing Activities

Net cash used in financing activities for the three months ended March 31, 2016 was $15.4 million compared to net cash provided by financing activities of $34.1 million in the three months ended March 31, 2015. During the three months ended March 31, 2015, the Company entered into the Short-term Loan which was subsequently repaid upon entering into the Term Loan.    

Other Liquidity Matters

The Company has asserted indefinite reinvestment of certain foreign subsidiary earnings as determined by management’s judgment about and intentions concerning the future operations of the Company. The Company does not believe that the amounts reinvested will have a material impact on liquidity.

We believe that our liquidity and capital resources are adequate to fund our operations and corporate activities.

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Subsequent to March 31, 2016, the Company announced additional non-core asset sales, resulting in expected total consideration of $24.8 million, including the $5.7 million related to the Cerro Bayo royalty sale recognized in three months ended March 31, 2016.  

Certain of our debt securities currently trade at substantial discounts to their face amounts. In order to reduce future cash interest payments, and/or amounts due at maturity or upon redemption, from time to time we may repurchase such debt for cash or in exchange for other securities, which may include secured or unsecured notes or equity, in each case in open market or privately negotiated transactions. We regularly engage in conversations with our bondholders and evaluate any such transactions in light of prevailing market conditions, liquidity requirements, contractual restrictions, and other factors. The amounts involved may be significant and any such transactions may occur at a substantial discount to the debt securities' face amount.

Critical Accounting Policies and Accounting Developments

Please see Note 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES contained in the Company’s Form 10-K for the year ended December 31, 2015 for the Company's critical accounting policies and estimates.

Cautionary Statement Concerning Forward-Looking Statements

This report contains numerous forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) relating to the Company’s gold and silver mining business, including statements regarding strategies to produce long-term cash flow, provide opportunities for growth through continued exploration, and generate superior and sustainable returns for stockholders, maximizing net cash flow, reducing operating and non-operating costs, demonstrating consistent capital discipline, efficient management of working capital, tax positions, and the adequacy of liquidity and capital resources. Such forward-looking statements are identified by the use of words such as “believes,” “intends,” “expects,” “hopes,” “may,” “should,” “plan,” “projected,” “contemplates,” “anticipates” or similar words. Actual results could differ materially from those projected in the forward-looking statements. The factors that could cause actual results to differ materially from those projected in the forward-looking statements include (i) the risk factors set forth in the "Risk Factors" section of the 2015 10-K and the risks and uncertainties discussed in this MD&A, (ii) 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), (iii) changes in the market prices of gold and silver and a sustained lower price environment, including the resulting impact on cash flows and debt covenant compliance, (iv) the uncertainties inherent in the Company’s production, exploratory and developmental activities, including risks relating to permitting and regulatory delays, ground conditions and grade variability, (v) any future labor disputes or work stoppages (involving the Company and its subsidiaries or third parties), (vi) the uncertainties inherent in the estimation of gold and silver reserves and mineralized material, (vii) changes that could result from the Company’s future acquisition of new mining properties or businesses, (viii) the absence of control over and reliance on third parties to operate mines in which the Company or any of its subsidiaries holds royalty or streaming interests and risks related to these mining operations (including results of mining and exploration activities, environmental, economic and political risks, and changes in mine plans and project parameters); (ix) the loss of access to any third-party smelter to which the Company markets silver and gold, (x) the effects of environmental and other governmental regulations, (xi) the risks inherent in the ownership or operation of or investment in mining properties or businesses in foreign countries, and (xii) the Company’s ability to raise additional financing necessary to conduct its business, make payments or refinance its debt. Readers are cautioned not to put undue reliance on forward-looking statements. The Company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or otherwise.

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Non-GAAP Financial Performance Measures

Non-GAAP financial measures are intended to provide additional information only and do not have any standard meaning prescribed by generally accepted accounting principles ("GAAP"). These measures should not be considered in isolation or as a substitute for performance measures prepared in accordance with GAAP.

Adjusted Net Income (Loss)

Management uses Adjusted net income (loss) to evaluate the Company's operating performance, and to plan and forecast its operations. The Company believes the use of Adjusted net income (loss) reflects the underlying operating performance of our core mining business and allows investors and analysts to compare results of the Company to similar results of other mining companies. Management's determination of the components of Adjusted net income (loss) are evaluated periodically and are based, in part, on a review of non-GAAP financial measures used by mining industry analysts.

Net income (loss) is reconciled to Adjusted net income (loss) in the table below, with amounts presented after-tax:

	Three months ended March 31,
In thousands except per share amounts	2016			2015
Net income (loss)	$	(20,396	)	$	(33,287	)
Fair value adjustments, net	6,980			4,339
Stock-based compensation	2,846			2,410
Impairment of marketable securities	—			1,514
Accretion of royalty obligation	392			1,315
Write-downs	3,937			—
Gain on sale of non-core assets	(1,880		)	—
(Gain) loss on debt extinguishments	—			(253		)
Inventory adjustments	1,944			3,684
Transaction-related costs	—			1,975
Deferred tax asset valuation allowance	848			—
Foreign exchange impact on deferred taxes	(1,288		)	(929		)
Adjusted net income (loss)	$	(6,617	)	$	(19,232	)
Adjusted net income (loss) per share	$	(0.04	)	$	(0.19	)

Costs Applicable to Sales and All-in Sustaining Costs

Management uses Costs applicable to sales ("CAS") and All-in sustaining costs ("AISC") (as defined by the World Gold Council) to evaluate the Company’s current operating performance and life of mine performance from discovery through reclamation. We believe these measures assist analysts, investors and other stakeholders in understanding the costs associated with producing silver and gold and assessing our operating performance and ability to generate free cash flow from operations. These measures may not be indicative of operating profit or cash flow from operations as determined under GAAP. Management believes converting the benefit from selling gold into silver equivalent ounces best allows management, analysts, investors and other stakeholders to evaluate the operating performance of the Company. Other companies may calculate CAS and AISC differently as a result of reflecting the benefit from selling non-silver metals as a by-product credit rather than converting to silver equivalent ounces, differences in the determination of sustaining capital expenditures, and differences in underlying accounting principles and accounting frameworks such as in International Financial Reporting Standards.

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Three Months Ended March 31, 2016

	Silver										Gold						Total
In thousands except per ounce amounts	Palmarejo		Rochester		San Bartolomé		Endeavor		Total		Kensington		Wharf		Total
Costs applicable to sales, including amortization (U.S. GAAP)	$	28,327	$	27,798	$	19,251	$	955	$	76,331	$	32,767	$	19,512	$	52,279	$	128,610
Amortization	7,289		5,313		1,754		299		14,655		8,349		4,051		12,400		27,055
Costs applicable to sales	$	21,038	$	22,485	$	17,497	$	656	$	61,676	$	24,418	$	15,461	$	39,879	$	101,555
Silver equivalent ounces sold	1,702,290		1,779,377		1,384,391		122,694		4,988,752								8,274,952
Gold equivalent ounces sold											31,648		23,122		54,770
Costs applicable to sales per ounce	$	12.36	$	12.64	$	12.64	$	5.35	$	12.36	$	772	$	669	$	728	$	12.27
Costs applicable to sales per realized ounce(1)	$	10.90	$	11.32					$	11.37							$	10.50
Costs applicable to sales																	$	101,555
Treatment and refining costs																	1,158
Sustaining capital																	16,710
General and administrative																	8,276
Exploration																	1,731
Reclamation																	3,759
Project/pre-development costs																	1,558
All-in sustaining costs																	$	134,747
Silver equivalent ounces sold																	4,988,752
Kensington and Wharf silver equivalent ounces sold																	3,286,200
Consolidated silver equivalent ounces sold																	8,274,952
All-in sustaining costs per silver equivalent ounce																	$	16.28
All-in sustaining costs per realized silver equivalent ounce(1)																	$	13.93

(1) Equivalent ounces calculated using average realized prices.

Three Months Ended March 31, 2015

	Silver										Gold
In thousands except per ounce amounts	Palmarejo		Rochester		San Bartolomé		Endeavor		Total		Kensington		Total
Costs applicable to sales, including amortization (U.S. GAAP)	$	41,824	$	38,235	$	23,818	$	1,892	$	105,769	$	40,973	$	146,742
Amortization	7,333		6,843		4,691		1,259		20,126		11,554		31,680
Costs applicable to sales	$	34,491	$	31,392	$	19,127	$	633	$	85,643	$	29,419	$	115,062
Silver equivalent ounces sold	2,157,612		2,416,103		1,289,867		117,863		5,981,445				8,193,825
Gold equivalent ounces sold											36,873
Costs applicable to sales per ounce	$	15.99	$	12.99	$	14.83	$	5.37	$	14.32	$	798	$	14.04
Costs applicable to sales per realized ounce(1)	$	14.85	$	11.94					$	13.47			$	12.76
Costs applicable to sales													$	115,062
Treatment and refining costs													1,490
Sustaining capital													10,909
General and administrative													8,834
Exploration													4,266
Reclamation													2,924
Project/pre-development costs													4,873
All-in sustaining costs													$	148,358
Silver equivalent ounces sold													5,981,445
Kensington silver equivalent ounces sold													2,212,380
Consolidated silver equivalent ounces sold													8,193,825
All-in sustaining costs per silver equivalent ounce													$	18.11
All-in sustaining costs per realized silver equivalent ounce(1)													$	16.46

(1) Equivalent ounces calculated using average realized prices.

35

Item 3.Quantitative and Qualitative Disclosures About Market Risk

The Company is exposed to various market risks as a part of its operations and engages in risk management strategies to mitigate these risks. The Company continually evaluates the potential benefits of engaging in these strategies based on current market conditions. The Company does not actively engage in the practice of trading derivative instruments for profit. Additional information about the Company’s derivative financial instruments may be found in Note 11 -- Derivative Financial Instruments in the notes to the condensed consolidated financial statements. This discussion of the Company's market risk assessments contains "forward looking statements" that contain risks and uncertainties. For additional information regarding forward-looking statements and risks and uncertainties that could impact the Company, please refer to Item 2 of this Report - Cautionary Statement Concerning Forward-Looking Statements. Actual results and actions could differ materially from those discussed below.

Gold and Silver Price

Gold and silver prices may fluctuate widely due to numerous factors such as U.S. dollar strength or weakness, demand, investor sentiment, inflation or deflation, and global mine production. The Company's profitability and cash flow may be significantly impacted by changes in the market price of gold and silver.

Gold and Silver Hedging

To mitigate the risks associated with gold and silver price fluctuations, the Company may enter into option contracts to hedge future production.

If the market price of silver were to average less than the high strike price but more than the low strike price during the contract period, the Company would receive the difference between the average market price and the high strike price for the contracted volume over the contract period. If the market price of silver were to average less than the low strike price during the contract period, the Company would receive the difference between the average market price and the high strike price for the contracted volume over the contract period, and the Company would be required to pay the difference between the average market price and the low strike price for the contracted volume over the contract period. The Company may be exposed to non-performance risk by counterparties as a result of its hedging activities. This exposure would be limited to the amount that the spot price of the metal falls short of the contract price.

The put spread contracts are generally net cash settled and expire during the second quarter of 2016. At March 31, 2016, the fair market value of the put spreads was a net asset of $0.1 million. A 10% increase or decrease in the price of silver and gold at March 31, 2016 would result in gains of nil and $0.1 million on settlement, respectively.

Provisional Silver and Gold Sales

The Company enters into sales contracts with third-party smelters which, in some cases, provide for a provisional payment based upon preliminary assays and quoted metal prices. The provisionally priced sales contracts contain an embedded derivative that is required to be separated from the host contract. Depending on the difference between the price at the time of sale and the final settlement price, embedded derivatives are recorded as either a derivative asset or liability. The embedded derivatives do not qualify for hedge accounting and, as a result, are marked to the market gold and silver price at the end of each period from the provisional sale date to the date of final settlement. The mark-to-market gains and losses are recorded in earnings. Changes in silver and gold pricing resulted in provisional pricing mark-to-market gains of $0.6 million in the year ended March 31, 2016.

At March 31, 2016, the Company had outstanding provisionally priced sales of 0.4 million ounces of silver and 38,773 ounces of gold at prices of $15.36 and $1,183, respectively. A 10% change in realized silver price would cause revenue to vary by $0.7 million and a 10% change in realized gold price would cause revenue to vary by $4.6 million.

Palmarejo Gold Production Royalty

On January 21, 2009, Coeur Mexicana entered into a gold production royalty transaction with a subsidiary of Franco-Nevada Corporation. The royalty covers 50% of the life of mine production from the Palmarejo mine and adjacent properties and includes a minimum obligation of 4,167 gold ounces per month which terminates when payments in respect of 400,000 gold ounces have been made. The minimum royalty obligation is considered an embedded derivative financial instrument due to the impact of fluctuating gold prices on the underlying gold ounces.

At March 31, 2016, a total of 20,994 ounces of gold remain outstanding under the minimum royalty obligation. The fair value of the embedded derivative is reflected net of the Company's current credit adjusted risk free rate, which was 12.4% at March 31, 2016. The fair value of the embedded derivative at March 31, 2016 was a liability of $6.8 million. A 10% change in the price of gold would result in a change in the fair value of the net derivative liability at March 31, 2016 to vary by $2.0 million.

36

Foreign Currency

The Company operates, or has mineral interests, in several foreign countries including Australia, Bolivia, Chile, Mexico, Argentina, Ecuador, and New Zealand, which exposes it to foreign currency exchange rate risks. Foreign currency exchange rates are influenced by world market factors beyond the Company's control such as supply and demand for U.S. and foreign currencies and related monetary and fiscal policies. Fluctuations in local currency exchange rates in relation to the U.S. dollar may significantly impact profitability and cash flow.

Foreign Currency Hedging

To manage foreign currency risk, the Company may enter into forward foreign currency contracts and option contracts when the Company believes such contracts would be beneficial. The Company had no outstanding foreign exchange contracts at March 31, 2016.

37

Item 4.Controls and Procedures

(a) Disclosure Controls and Procedures

As of the end of the period covered by this quarterly report, the Company carried out an evaluation, under the supervision and with the participation of the Company’s management, including its Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and management necessarily applied its judgment in assessing the costs and benefits of such controls and procedures, which by their nature, can provide only reasonable assurance regarding management’s control objectives. The design of any system of controls is based in part upon certain assumptions about the likelihood of future events. Based upon the foregoing, the Company’s Chief Executive Officer and Chief Financial Officer concluded that the Company’s disclosure controls and procedures were effective and operating to provide reasonable assurance that information required to be disclosed by it in the reports it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and to provide reasonable assurance that such information is accumulated and communicated to the Company’s management, including its Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

(b) Management’s Report on Internal Control Over Financial Reporting

Based on an evaluation by the Company’s Chief Executive Officer and Chief Financial Officer, such officers concluded that there was no change in the Company’s internal control over financial reporting during the three months endedMarch 31, 2016 that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

38

PART II

Item 1.Legal Proceedings

For a discussion of legal proceedings, see Note 20 -- Commitments and Contingencies in the notes to the condensed consolidated financial statements included herein.

Item 1A.Risk Factors

Item 1A -- Risk Factors of the 2015 10-K sets forth information relating to important risks and uncertainties that could materially adversely affect the Company's business, financial condition or operating results. Additional risks and uncertainties that the Company does not presently know or that it currently deems immaterial also may impair our business operations.

Item 4.Mine Safety Disclosures

Information pertaining to mine safety matters is reported in accordance with Section 1503(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act in Exhibit 95.1 attached to this Form 10-Q.

Item 6.Exhibits

10.1	Separation and Release of Claims Agreement dated January 21, 2016, between Coeur Mining, Inc. and Keagan J. Kerr. (Incorporated herein by reference to Exhibit 10.1 to the Registrant's Current Report on Form 8-K filed on January 22, 2016).*
10.2	Professional Services Agreement effective February 1, 2016, between Coeur Mining, Inc. and Keagan J. Kerr. (Incorporated herein by reference to Exhibit 10.2 to the Registrant's Current Report on Form 8-K filed on January 22, 2016).*
31.1	Certification of the CEO (Filed herewith).
31.2	Certification of the CFO (Filed herewith).
32.1	CEO Section 1350 Certification (Filed herewith).
32.2	CFO Section 1350 Certification (Filed herewith).
95.1	Mine Safety Disclosure (Filed herewith).
101.INS	XBRL Instance Document**
101.SCH	XBRL Taxonomy Extension Schema**
101.CAL	XBRL Taxonomy Extension Calculation Linkbase**
101.DEF	XBRL Taxonomy Extension Definition Linkbase**
101.LAB	XBRL Taxonomy Extension Label Linkbase**
101.PRE	XBRL Taxonomy Extension Presentation Linkbase**

*    Management contract or compensatory plan or arrangement.

**    The following financial information from Coeur Mining, Inc.'s Quarterly Report on Form 10-Q for the three months endedMarch 31, 2016, formatted in XBRL (Extensible Business Reporting Language): Condensed Consolidated Statements of Comprehensive Income (Loss), Condensed Consolidated Statements of Cash Flows, Condensed Consolidated Balance Sheets, and Condensed Consolidated Statement of Changes in Stockholders' Equity

39

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

		COEUR MINING, INC.
		(Registrant)
Dated	April 27, 2016	/s/ Mitchell J. Krebs
		MITCHELL J. KREBS
		President and Chief Executive Officer (Principal Executive Officer)
Dated	April 27, 2016	/s/ Peter C. Mitchell
		PETER C. MITCHELL
		Senior Vice President and Chief Financial Officer (Principal Financial Officer)
Dated	April 27, 2016	/s/ Mark Spurbeck
		MARK SPURBECK
		Vice President, Finance (Principal Accounting Officer)

40

EX-31..1

Exhibit 31.1

Certification of Chief Executive Officer

Pursuant to Section 302 of the Sarbanes-Oxley Act and Rule 13a-14(a)

or Rule 15d-14(a) under the Securities Exchange Act of 1934

I, Mitchell J. Krebs, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Coeur Mining, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under the Company's supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report the Company's conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed, based on the Company's most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

By:	/s/  Mitchell J. Krebs
	Mitchell J. Krebs Chief Executive Officer

Date: April 27, 2016

EX-31..2

Exhibit 31.2

Certification of Chief Financial Officer

Pursuant to Section 302 of the Sarbanes-Oxley Act and Rule 13a-14(a)

or Rule 15d-14(a) under the Securities Exchange Act of 1934

I, Peter C. Mitchell, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Coeur Mining, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under the Company's supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report the Company's conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed, based on the Company's most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

By:	/s/  Peter C. Mitchell
	Peter C. Mitchell Chief Financial Officer

Date: April 27, 2016

EX-32..1

Exhibit 32.1

Certification of the Chief Executive Officer

Pursuant to 18 U.S.C. §1350

Solely for the purposes of complying with 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, I, the undersigned President and Chief Executive Officer of Coeur Mining, Inc. (the “Company”), hereby certify, based on my knowledge, that the Quarterly Report on Form 10-Q of the Company for the quarter ended March 31, 2016 (the “Report”) fully complies with the requirements of Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934, as amended, and that information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Mitchell J. Krebs

Mitchell J. Krebs

April 27, 2016

EX-32..2

Exhibit 32.2

Certification of the Chief Financial Officer

Pursuant to 18 U.S.C. §1350

Solely for the purposes of complying with 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, I, the undersigned Chief Financial Officer of Coeur Mining, Inc. (the “Company”), hereby certify, based on my knowledge, that the Quarterly Report on Form 10-Q of the Company for the quarter ended March 31, 2016 (the “Report”) fully complies with the requirements of Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934, as amended, and that information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Peter C. Mitchell

Peter C. Mitchell

April 27, 2016

EX-95..1

Exhibit 95.1

Mine Safety Disclosure

    In July 2010, the U.S. Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act, which requires certain disclosures by companies that are required to file periodic reports under the Securities Exchange Act of 1934 and operate mines regulated under the Federal Mine Safety and Health Act of 1977 (“FMSHA”). The following mine safety information is provided pursuant to this legislation for the quarterly period ended March 31, 2016.

Three of the Company's mines, the Kensington mine, Rochester mine, and Wharf mine, are subject to FMSHA. The FMSHA is administered by the Mine Safety and Health Administration (“MSHA”).

Mine or Operating Name	Section 104 S&S Citations (#)	Section 104 (b) Orders (#)	Section 104 (d) Citations and Orders (#)	Section 110 (b) (2) Violations (#)	Section 107 (a) Orders (#)	Total Dollar Value of MSHA Assessments Proposed(1) ($)	Total Number of Mining Related Fatalities (#)	Received Notice of Pattern of Violations Under Section 104(e) (Yes/No)	Received Notice of Potential to Have Pattern Under Section 104(e) (Yes/No)	Legal Actions Pending as of Last Day of Period (#)	Legal Actions Initiated During Period (#)	Legal Actions Resolved During Period (#)
Kensington	6	—	—	—	—	$4,954	—	NO	NO	7	—	—
Rochester	5	—	—	—	—	$4,301	—	NO	NO	1	—	2
Wharf	7	—	—	—	—	$5,640	—	NO	NO	1	—	—
Totals	18	—	—	—	—	$14,895	—	NO	NO	9	—	2

1.The total dollar value of the Proposed Assessments includes all assessments received during the quarter.

XML

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	Apr. 25, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	COEUR MINING, INC.
Entity Central Index Key	0000215466
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Amendment Flag	false
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q1
Trading Symbol	CDE
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		153,159,415

XML

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Revenue		$ 148,387	$ 152,956
COSTS AND EXPENSES
Costs applicable to sales	[1]	101,555	115,062
Amortization		27,964	33,090
General and administrative		8,276	8,834
Exploration		1,731	4,266
Write-downs		4,446	0
Pre-development, reclamation, and other		4,204	6,763
Total costs and expenses		148,176	168,015
OTHER INCOME (EXPENSE), NET
Fair value adjustments, net		(8,695)	(4,884)
Interest expense, net of capitalized interest		(11,120)	(10,765)
Other, net		1,314	(2,511)
Total other income (expense), net		(18,501)	(18,160)
Income (loss) before income and mining taxes		(18,290)	(33,219)
Income and mining tax benefit (expense)		(2,106)	(68)
NET INCOME (LOSS)		(20,396)	(33,287)
OTHER COMPREHENSIVE INCOME (LOSS), Net of Tax:
Unrealized gain (loss) on equity securities, net of tax of $(1,011) and $578 for the three months ended March 31, 2016 and 2015, respectively		1,043	(915)
Reclassification adjustments for impairment of equity securities, net of tax of $(586) for the three months ended March 31, 2015		0	928
Reclassification adjustments for realized loss on sale of equity securities		588	0
Other comprehensive income (loss)		1,631	13
COMPREHENSIVE INCOME (LOSS)		$ (18,765)	$ (33,274)
NET INCOME (LOSS) PER SHARE
Basic (in dollars per share)		$ (0.14)	$ (0.32)
Diluted (in dollars per share)		$ (0.14)	$ (0.32)

[1] Excludes amortization.

XML

Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Other Comprehensive Income (Loss), Unrealized gain (loss) on equity securities, tax	$ (1,011)	$ 578
Other Comprehensive Income (Loss), Reclassification adjustments for impairment of equity securities, tax	0	(586)
Other Comprehensive Income (Loss), Reclassification adjustments for realized loss on sale of equity securities, tax	$ 0	$ 0

XML

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (20,396)	$ (33,287)
Adjustments:
Amortization	27,964	33,090
Accretion	3,169	3,150
Deferred income taxes	(2,105)	(2,184)
Fair value adjustments, net	8,695	4,884
Stock-based compensation	2,915	2,150
Impairment of equity securities	0	1,514
Write-downs	4,446	0
Foreign exchange and other	(1,435)	1,079
Changes in operating assets and liabilities:
Receivables	3,481	2,556
Prepaid expenses and other current assets	1,279	(1,327)
Inventories	(7,822)	684
Accounts payable and accrued liabilities	(13,574)	(15,758)
CASH PROVIDED BY OPERATING ACTIVITIES	6,617	(3,449)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(22,172)	(17,620)
Acquisitions, net of cash acquired	0	(102,018)
Other	2,536	(1,730)
Purchase of short term investments and equity securities	(7)	(278)
Sales and maturities of short-term investments	997	229
CASH USED IN INVESTING ACTIVITIES	(18,646)	(121,417)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of notes and bank borrowings	0	53,500
Payments on long-term debt, capital leases, and associated costs	(5,971)	(8,594)
Gold production royalty payments	9,131	10,368
Other	(280)	(423)
CASH PROVIDED BY FINANCING ACTIVITIES	(15,382)	34,115
Effect of exchange rate changes on cash and cash equivalents	86	(523)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(27,325)	(91,274)
Cash and cash equivalents at beginning of period	200,714	270,861
Cash and cash equivalents at end of period	$ 173,389	$ 179,587

XML

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
CURRENT ASSETS
Cash and cash equivalents	$ 173,389	$ 200,714
Receivables	82,929	85,992
Inventory	78,597	81,711
Ore on leach pads	72,703	67,329
Prepaid expenses and other	13,130	10,942
Current assets	420,748	446,688
NON-CURRENT ASSETS
Property, plant and equipment, net	220,948	195,999
Mining properties, net	574,104	589,219
Ore on leach pads, noncurrent	49,294	44,582
Restricted assets	13,221	11,633
Equity securities	5,530	2,766
Receivables	24,114	24,768
Deferred tax assets	2,750	1,942
Other	14,389	14,892
TOTAL ASSETS	1,325,098	1,332,489
CURRENT LIABILITIES
Accounts payable	46,955	48,732
Accrued liabilities and other	42,037	53,953
Debt	16,801	10,431
Royalty obligations	21,183	24,893
Reclamation	3,463	2,071
Current liabilities	130,439	140,080
NON-CURRENT LIABILITIES
Debt	494,300	479,979
Royalty obligations	6,354	4,864
Reclamation	83,902	83,197
Deferred tax liabilities	146,845	147,132
Other long-term liabilities	58,118	55,761
Non-current liabilities	789,519	770,933
STOCKHOLDERS' EQUITY
Common stock, par value $0.01 per share; authorized 300,000,000 shares, issued and outstanding 153,240,428 at March 31, 2016 and 151,339,136 at December 31, 2015	1,532	1,513
Additional paid-in capital	3,026,871	3,024,461
Accumulated other comprehensive income (loss)	(2,091)	(3,722)
Accumulated deficit	(2,621,172)	(2,600,776)
Stockholders' equity	405,140	421,476
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 1,325,098	$ 1,332,489

XML

Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2016	Dec. 31, 2015
STOCKHOLDERS' EQUITY
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	153,240,428	151,339,136

XML

Condensed Consolidated Statements of Changes in Stockholders' Equity - 3 months ended Mar. 31, 2016 - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Income (Loss)
Balances at Dec. 31, 2015	$ 421,476	$ 1,513	$ 3,024,461	$ (2,600,776)	$ (3,722)
Balances, in shares at Dec. 31, 2015		151,339
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(20,396)	$ 0	0	(20,396)	0
Other comprehensive income (loss)	1,631	$ 0	0	0	1,631
Common stock issued under stock-based compensation plans, net (in shares)		1,901
Common stock issued under stock-based compensation plans, net	2,429	$ 19	2,410	0	0
Balances at Mar. 31, 2016	$ 405,140	$ 1,532	$ 3,026,871	$ (2,621,172)	$ (2,091)
Balances, in shares at Mar. 31, 2016		153,240

XML

Basis of Presentation

3 Months Ended

Mar. 31, 2016

Basis of Presentation [Abstract]

Basis of Presentation

BASIS OF PRESENTATION

The interim condensed consolidated financial statements of Coeur Mining, Inc. and its subsidiaries (collectively "Coeur" or "the Company") are unaudited. In the opinion of management, all adjustments and disclosures necessary for the fair presentation of these interim statements have been included. The results reported in these interim statements may not be indicative of the results which will be reported for the year ending December 31, 2016. The condensed consolidated December 31, 2015 balance sheet data was derived from audited consolidated financial statements. Accordingly, these unaudited interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2015.

XML

Summary Of Significant Accounting Policies

3 Months Ended

Mar. 31, 2016

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Recent Accounting Standards

In March 2016, the FASB issued ASU 2016-09, "Improvements to Employee Share-Based Payment Accounting," which amends several aspects of the accounting for share-based payment transaction, including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. These changes become effective for the Company's fiscal year beginning January 1, 2018. The Company is currently evaluating the potential impact of implementing these changes on the Company's consolidated financial position, results of operations, and cash flows.

In February 2016, the FASB issued ASU 2016-02, "Leases," which will require lessees to recognize assets and liabilities for the rights and obligations created by most leases on the balance sheet. These changes become effective for the Company's fiscal year beginning January 1, 2019. Modified retrospective adoption for all leases existing at, or entered into after, the date of initial application, is required with an option to use certain transition relief. The Company is currently evaluating the potential impact of implementing these changes on the Company's consolidated financial position, results of operations, and cash flows.

In November 2015, the FASB issued ASU 2015-17, "Balance Sheet Classification of Deferred Taxes," which requires entities with a classified balance sheet to present all deferred tax assets and liabilities as non-current. The updated guidance became effective under early adoption for the Company's fiscal year beginning January 1, 2015, and resulted in a reclassification of amounts from Current deferred tax assets to Non-current deferred tax assets and Current deferred tax liabilities to Non-current deferred tax liabilities in the current and prior periods.

In September 2015, the FASB issued ASU 2015-16, "Simplifying the Accounting for Measurement-Period Adjustments," which eliminates the requirement for an acquirer to retrospectively adjust the financial statements for measurement-period adjustments that occur in periods after a business combination is consummated. These changes become effective for the Company's fiscal year beginning January 1, 2016. The Company's adoption had no impact on the Company's consolidated financial position, results of operations, and cash flows.

In August 2015, the FASB issued ASU 2015-14, "Deferral of the Effective Date", which defers the effective date of ASU 2014-09, "Revenue from Contracts with Customers" to January 1, 2018. The Company is currently evaluating the potential impact of adopting the prescribed changes on the Company's consolidated financial position, results of operations, and cash flows.    

In July 2015, the FASB issued ASU 2015-11, "Simplifying the Measurement of Inventory," which provides a revised, simpler measurement for inventory to be measured at the lower of cost and net realizable value. These changes become effective for the Company's fiscal year beginning January 1, 2018. The Company is currently evaluating the potential impact of implementing these changes on the Company's consolidated financial position, results of operations, and cash flows.

In April 2015, the FASB issued ASU 2015-03, "Simplifying the Presentation of Debt Issuance Costs," which requires that debt issuance costs related to a recognized debt liability be presented as a reduction to the carrying amount of that debt liability, not as an asset. The updated guidance became effective under early adoption for the Company's fiscal year beginning January 1, 2015, and resulted in a reclassification of amounts from Other Non-current Assets to Debt in the current and prior periods.

In February 2015, the FASB issued ASU 2015-02, "Amendments to the Consolidation Analysis," which amends the consolidation requirements in ASC 810. These changes become effective for the Company's fiscal year beginning January 1, 2016. The Company's adoption had no impact on the Company's consolidated financial position, results of operations, and cash flows.

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Segment Reporting

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

SEGMENT REPORTING

SEGMENT REPORTING

The Company’s operating segments include the Palmarejo complex, Rochester, Kensington, Wharf, and San Bartolomé mines, and Coeur Capital. All operating segments are engaged in the discovery and mining of gold and silver and generate the majority of their revenues from the sale of these precious metals with the exception of Coeur Capital, which holds the Endeavor silver stream and other precious metals royalties. Other includes the La Preciosa project, Joaquin project, Martha mine, corporate office, elimination of intersegment transactions, and other items necessary to reconcile to consolidated amounts.

Financial information relating to the Company’s segments is as follows (in thousands):

Three months ended March 31, 2016	Palmarejo			Rochester			Kensington			Wharf		San Bartolomé			Coeur Capital			Other			Total
Revenue
Metal sales	$	29,813		$	29,982		$	35,743		$	27,929	$	21,278		$	1,891		$	—		$	146,636
Royalties	—			—			—			—		—			1,751			—			1,751
	29,813			29,982			35,743			27,929		21,278			3,642			—			148,387
Costs and Expenses
Costs applicable to sales(1)	21,038			22,485			24,418			15,461		17,497			656			—			101,555
Amortization	7,289			5,313			8,349			4,051		1,754			781			427			27,964
Exploration	801			109			(47		)	—		—			121			747			1,731
Write-downs	—			—			—			—		—			4,446			—			4,446
Other operating expenses	315			681			252			493		291			137			10,311			12,480
Other income (expense)
Fair value adjustments, net	(4,864		)	(2,249		)	—			—		—			—			(1,582		)	(8,695		)
Interest expense, net	(734		)	(171		)	(43		)	—		(3		)	—			(10,169		)	(11,120		)
Other, net	(1,235		)	3			(20		)	10		315			2,282			(41		)	1,314
Income and mining tax (expense) benefit	98			(423		)	—			116		(1,571		)	(1,292		)	966			(2,106		)
Net income (loss)	$	(6,365	)	$	(1,446	)	$	2,708		$	8,050	$	477		$	(1,509	)	$	(22,311	)	$	(20,396	)
Segment assets(2)	$	422,086		$	209,692		$	192,805		$	113,383	$	87,750		$	17,863		$	74,361		$	1,117,940
Capital expenditures	$	8,815		$	3,289		$	8,090		$	1,410	$	521		$	—		$	47		$	22,172

(1) Excludes amortization

(2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interests

Three months ended March 31, 2015	Palmarejo			Rochester			Kensington			Wharf		San Bartolomé			Coeur Capital			Other			Total
Revenue
Metal sales	$	39,394		$	44,031		$	44,038		$	—	$	21,548		$	1,945		$	—		$	150,956
Royalties	—			—			—			—		—			2,000			—			2,000
	39,394			44,031			44,038			—		21,548			3,945			—			152,956
Costs and Expenses
Costs applicable to sales(1)	34,491			31,392			29,419			—		19,127			633			—			115,062
Amortization	7,333			6,843			11,554			—		4,691			2,151			518			33,090
Exploration	1,123			722			1,662			—		36			75			648			4,266
Write-downs	—			—			—			—		—			—			—			—
Other operating expenses	314			1,141			235			165		244			17			13,481			15,597
Other income (expense)
Fair value adjustments, net	(1,545		)	(2,292		)	—			—		—			—			(1,047		)	(4,884		)
Interest expense, net	(1,340		)	(225		)	(63		)	—		(281		)	—			(8,856		)	(10,765		)
Other, net	(1,103		)	(41		)	(4		)	17		452			(1,525		)	(307		)	(2,511		)
Income and mining tax (expense) benefit	(1,371		)	(350		)	—			686		(1,407		)	598			1,776			(68		)
Net income (loss)	$	(9,226	)	$	1,025		$	1,101		$	538	$	(3,786	)	$	142		$	(23,081	)	$	(33,287	)
Segment assets(2)	$	346,250		$	188,419		$	205,208		$	142,527	$	179,638		$	57,930		$	80,181		$	1,200,153
Capital expenditures	$	9,184		$	3,255		$	4,144		$	51	$	949		$	—		$	37		$	17,620

(1) Excludes amortization

(2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interests

Assets	March 31, 2016		December 31, 2015
Total assets for reportable segments	$	1,117,940	$	1,103,310
Cash and cash equivalents	173,389		200,714
Other assets	33,769		28,465
Total consolidated assets	$	1,325,098	$	1,332,489

Geographic Information

Long-Lived Assets	March 31, 2016		December 31, 2015
Mexico	$	397,406	$	390,694
United States	347,021		336,210
Bolivia	33,519		35,201
Australia	3,317		5,952
Argentina	10,843		10,871
Other	5,066		9,058
Total	$	797,172	$	787,986

Revenue	Three months ended March 31,
	2016		2015
United States	$	93,654	$	88,069
Mexico	30,522		40,141
Bolivia	21,278		21,548
Australia	1,891		1,945
Other	1,042		1,253
Total	$	148,387	$	152,956

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Reclamation

3 Months Ended

Mar. 31, 2016

Asset Retirement Obligation Disclosure [Abstract]

RECLAMATION

RECLAMATION

Reclamation and mine closure costs are based principally on legal and regulatory requirements. Management estimates costs associated with reclamation of mining properties. On an ongoing basis, management evaluates its estimates and assumptions, and future expenditures could differ from current estimates.

Changes to the Company’s asset retirement obligations for operating sites are as follows:

	Three months ended March 31,
In thousands	2016			2015
Asset retirement obligation - Beginning	$	82,072		$	67,214
Accretion	1,960			1,412
Additions and changes in estimates	251			18,292
Settlements	(309		)	(859		)
Asset retirement obligation - Ending	$	83,974		$	86,059

The Company has accrued $3.4 million and $3.2 million at March 31, 2016 and December 31, 2015, respectively, for reclamation liabilities related to former mining activities, which are included in Reclamation.

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Stock-Based Compensation

3 Months Ended

Mar. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION

The Company has stock incentive plans for executives and eligible employees. Stock awards include stock options, restricted stock, and performance shares. Stock-based compensation expense for the three months endedMarch 31, 2016 and 2015 was $2.9 million and $2.2 million, respectively. At March 31, 2016, there was $11.3 million of unrecognized stock-based compensation cost which is expected to be recognized over a weighted-average remaining vesting period of 1.7 years. During the three months endedMarch 31, 2016, the supplemental incentive accrual increased $0.2 million to $1.4 million.

The following table summarizes the grants awarded during the three months endedMarch 31, 2016:

Grant date	Restricted stock	Grant date fair value of restricted stock		Stock options	Grant date fair value of stock options		Performance shares	Grant date fair value of performance shares
January 20, 2016	1,030,833	$	1.81	165,479	$	0.86	1,428,314	$	2.92
March 21, 2016	685,633	$	5.76	17,772	$	2.84	8,763	$	4.90

The following options and stock appreciation rights were exercisable during the three months endedMarch 31, 2016:

Award Type	Number of  Exercised Units	Weighted Average Exercised Price		Number of Exercisable Units	Weighted Average Exercisable Price
Stock options	—	$	—	348,279	$	17.68
Stock appreciation rights	—	$	—	46,572	$	14.06

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Retirement Savings Plan

3 Months Ended

Mar. 31, 2016

Postemployment Benefits [Abstract]

RETIREMENT SAVINGS PLAN

RETIREMENT SAVINGS PLAN

The Company has a 401(k) retirement savings plan that covers all eligible U.S. employees. Eligible employees may elect to contribute up to 75% of base salary, subject to ERISA limitations. In addition, the Company has a deferred compensation plan for employees whose benefits under the 401(k) plan are limited by federal regulations. The Company generally makes matching contributions equal to 100% of the employee’s contribution up to 4% of the employee's salary. The Company may also provide an additional contribution based on an eligible employee's salary. Total plan expenses recognized for the three months endedMarch 31, 2016 and 2015 were $1.0 million and $1.6 million, respectively.

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Other, Net

3 Months Ended

Mar. 31, 2016

Other Income and Expenses [Abstract]

OTHER, NET

OTHER, NET

Other, net consists of the following:

	Three months ended March 31,
In thousands	2016			2015
Impairment of equity securities	$	—		$	(1,514	)
Foreign exchange gain (loss)	(164		)	(2,206		)
Gain (loss) on sale of assets	1,673			(44		)
Other	(195		)	1,253
Other, net	$	1,314		$	(2,511	)

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Income and Mining Taxes

3 Months Ended

Mar. 31, 2016

Income Tax Disclosure [Abstract]

INCOME AND MINING TAXES

INCOME AND MINING TAXES

The following table summarizes the components of Income and mining tax (expense) benefit for the three months endedMarch 31, 2016 and 2015 by significant jurisdiction:

	Three months ended March 31,
	2016						2015
In thousands	Income (loss) before tax			Tax (expense) benefit			Income (loss) before tax			Tax (expense) benefit
United States	$	(9,361	)	$	(532	)	$	(20,707	)	$	1,886
Argentina	(1,015		)	1,543			(696		)	(1		)
Mexico	(7,509		)	17			(9,672		)	(1,264		)
Bolivia	2,047			(1,570		)	(2,379		)	(1,407		)
Other jurisdictions	(2,452		)	(1,564		)	235			718
	$	(18,290	)	$	(2,106	)	$	(33,219	)	$	(68	)

The Company’s effective tax rate is impacted by recurring items, such as foreign exchange rates on deferred tax balances, mining tax expense and uncertain tax position accruals, and the full valuation allowance on the deferred tax assets relating to losses in the United States and certain foreign jurisdictions. In addition, the Company's consolidated effective income tax rate is a function of the combined effective tax rates and foreign exchange rates in the jurisdictions in which it operates. Variations in the jurisdictional mix of income and loss and foreign exchange rates result in significant fluctuations in our consolidated effective tax rate.

A valuation allowance is provided for deferred tax assets for which it is more likely than not that the related tax benefits will not be realized. Each quarter, the Company analyzes its deferred tax assets and, if it is determined that the Company will not realize all or a portion of its deferred tax assets, it will record or increase a valuation allowance. Conversely, if it is determined that the Company will ultimately be more likely than not able to realize all or a portion of the related benefits for which a valuation allowance has been provided, all or a portion of the related valuation allowance will be reduced. There are a number of risk factors that could impact the Company’s ability to realize its deferred tax assets. For additional information, see Part II, Item 1A of this Report.

The Company or one of its subsidiaries files income tax returns in the U.S. federal jurisdiction, and various state and foreign jurisdictions. The statute of limitations remains open from 2012 forward for the U.S. federal jurisdiction and from 2008 forward for certain other foreign jurisdictions. As a result of statutes of limitation that will begin to expire within the next 12 months in various jurisdictions and possible settlements of audit-related issues with taxing authorities in various jurisdictions with respect to which none of the issues are individually significant, the Company believes that it is reasonably possible that the total amount of its net unrecognized income tax benefits will decrease between $1.0 million and $1.5 million in the next 12 months.

At March 31, 2016 and December 31, 2015, the Company had $18.9 million and $17.9 million of total gross unrecognized tax benefits, respectively. If recognized, these unrecognized tax benefits would positively impact the Company’s effective income tax rate. The Company’s continuing practice is to recognize potential interest and/or penalties related to unrecognized tax benefits as part of its income tax expense. At March 31, 2016 and December 31, 2015, the amount of accrued income-tax-related interest and penalties was $11.3 million and $9.2 million, respectively.

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Net Income (Loss) Per Share

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

NET INCOME (LOSS) PER SHARE

NET INCOME (LOSS) PER SHARE

Basic net income (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock.

For the three months ended March 31, 2016 and 2015, 3,321,424 and 1,302,777 shares, respectively, of common stock equivalents related to equity-based awards were not included in the diluted per share calculation as the shares would be antidilutive.

The 3.25% Convertible Senior Notes ("Convertible Notes") were not included in the computation of diluted net income (loss) per share for the three months ended March 31, 2016 and 2015 because there is no excess value upon conversion over the principal amount of the Convertible Notes.

	Three months ended March 31,
In thousands except per share amounts	2016			2015
Net income (loss) available to common stockholders	$	(20,396	)	$	(33,287	)
Weighted average shares:
Basic	150,249			102,580
Effect of stock-based compensation plans	—			—
Diluted	150,249			102,580
Income (loss) per share:
Basic	$	(0.14	)	$	(0.32	)
Diluted	$	(0.14	)	$	(0.32	)

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Fair Value Measurements

3 Months Ended

Mar. 31, 2016

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS

	Three months ended March 31,
In thousands	2016			2015
Palmarejo royalty obligation embedded derivative	$	(4,878	)	$	(1,545	)
Rochester net smelter returns ("NSR") royalty obligation	(2,249		)	(2,293		)
Silver and gold options	(1,568		)	(1,046		)
Fair value adjustments, net	$	(8,695	)	$	(4,884	)

Accounting standards establish a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1), secondary priority to quoted prices in inactive markets or observable inputs (Level 2), and the lowest priority to unobservable inputs (Level 3).

The following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis (at least annually) by level within the fair value hierarchy. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement:

	Fair Value at March 31, 2016
In thousands	Total		Level 1		Level 2		Level 3
Assets:
Equity securities	$	5,530	$	5,523	$	—	$	7
Silver and gold options	131		—		131		—
Other derivative instruments, net	57		—		57		—
	$	5,718	$	5,523	$	188	$	7
Liabilities:
Palmarejo royalty obligation embedded derivative	$	6,827	$	—	$	—	$	6,827
Rochester NSR royalty obligation	10,877		—		—		10,877
Silver and gold options	36		—		36		—
	$	17,740	$	—	$	36	$	17,704

	Fair Value at December 31, 2015
In thousands	Total		Level 1		Level 2		Level 3
Assets:
Equity securities	$	2,766	$	2,756	$	—	$	10
Liabilities:
Palmarejo royalty obligation embedded derivative	$	4,957	$	—	$	—	$	4,957
Rochester NSR royalty obligation	9,593		—		—		9,593
Other derivative instruments, net	508		—		508		—
	$	15,058	$	—	$	508	$	14,550

The Company’s investments in equity securities are recorded at fair market value in the financial statements based primarily on quoted market prices. Such instruments are classified within Level 1 of the fair value hierarchy. Quoted market prices are not available for certain equity securities; these securities are valued using pricing models, which require the use of observable and unobservable inputs, and are classified within Level 3 of the fair value hierarchy.

The Company’s silver and gold options and other derivative instruments, net, which relate to concentrate and certain doré sales contracts and foreign exchange contracts, are valued using pricing models, which require inputs that are derived from observable market data, including contractual terms, forward market prices, yield curves, credit spreads, and other unobservable inputs. The model inputs can generally be verified and do not involve significant management judgment. Such instruments are classified within Level 2 of the fair value hierarchy.

The fair values of the Palmarejo royalty obligation embedded derivative and Rochester NSR royalty obligation were estimated based on observable market data including contractual terms, forward silver and gold prices, yield curves, and credit spreads, as well as the Company’s current mine plan which is considered a significant unobservable input. Therefore, the Company has classified these obligations as Level 3 financial liabilities. Based on current mine plans, expected royalty durations of 0.4 years and 2.3 years were used to estimate the fair value of the Palmarejo royalty obligation embedded derivative and Rochester NSR royalty obligation, respectively, at March 31, 2016.

No assets or liabilities were transferred between fair value levels in the three months ended March 31, 2016.

The following tables present the changes in the fair value of the Company's Level 3 financial assets and liabilities for the three months ended March 31, 2016:

	Three Months Ended March 31, 2016
In thousands	Balance at the beginning of the period		Revaluation		Settlements			Balance at the end of the period
Assets:
Equity securities	$	10	$	—	$	(3	)	$	7
Liabilities:
Palmarejo royalty obligation embedded derivative	$	4,957	$	4,878	$	(3,008	)	$	6,827
Rochester NSR royalty obligation	$	9,593	2,249		(965		)	$	10,877

The fair value of financial assets and liabilities carried at book value in the financial statements at March 31, 2016 and December 31, 2015 is presented in the following table:

	March 31, 2016
In thousands	Book Value		Fair Value		Level 1		Level 2		Level 3
Liabilities:
3.25% Convertible Senior Notes due 2028	$	712	$	591	$	—	$	591	$	—
7.875% Senior Notes due 2021(1)	373,695		307,732		—		307,732		—
Term Loan due 2020(2)	94,517		99,250		—		99,250		—
Palmarejo gold production royalty obligation	9,833		10,081		—		—		10,081

(1) Net of unamortized debt issuance costs and premium received of $5.1 million.

(2) Net of unamortized debt issuance costs of $4.7 million.

	December 31, 2015
In thousands	Book Value		Fair Value		Level 1		Level 2		Level 3
Liabilities:
3.25% Convertible Senior Notes due 2028	$	712	$	693	$	—	$	693	$	—
7.875% Senior Notes due 2021(1)	373,433		227,487		—		227,487		—
Term Loan due 2020(2)	94,489		99,500		—		99,500		—
San Bartolomé Lines of Credit	4,571		4,571		—		4,571		—
Palmarejo gold production royalty obligation	15,207		15,580		—		—		15,580

(1) Net of unamortized debt issuance costs and premium received of $5.3 million.

(2) Net of unamortized debt issuance costs of $5.0 million.

The fair values of the Convertible Notes and 7.875% Senior Notes due 2021 (the "Senior Notes") outstanding were estimated using quoted market prices. The fair value of the Term Loan due 2020 (the "Term Loan") approximates book value (excluding unamortized debt issuance costs) as the liability is secured, has a variable interest rate, and lacks significant credit concerns. The fair value of the San Bartolomé line of credit approximates book value due to the short-term nature of the liability and absence of significant interest rate or credit concerns. The fair value of the Palmarejo gold production royalty obligation is estimated based on observable market data including contractual terms, forward silver and gold prices, yield curves, and credit spreads, as well as the Company’s current mine plan which is considered a significant unobservable input.

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Derivative Financial Instruments

3 Months Ended

Mar. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVE FINANCIAL INSTRUMENTS

DERIVATIVE FINANCIAL INSTRUMENTS

Palmarejo Gold Production Royalty

On January 21, 2009, the Company's subsidiary, Coeur Mexicana S.A. de C.V. ("Coeur Mexicana"), entered into a gold production royalty agreement with a subsidiary of Franco-Nevada Corporation. The royalty covers 50% of the life of mine production from the Palmarejo mine and legacy adjacent properties, excluding production from the recently acquired Paramount Gold and Silver Corp. ("Paramount") properties. The royalty transaction includes a minimum obligation of 4,167 gold ounces per month and terminates when payments on 400,000 gold ounces have been made. At March 31, 2016, a total of 20,994 gold ounces remain outstanding under the obligation.

The price volatility associated with the minimum royalty obligation is considered an embedded derivative. The Company is required to recognize the change in fair value of the remaining minimum obligation due to changing gold prices. Unrealized gains are recognized in periods when the gold price has decreased from the previous period and unrealized losses are recognized in periods when the gold price increases. The fair value of the embedded derivative is reflected net of the Company's current credit adjusted risk free rate, which was 12.4% and 19.9% at March 31, 2016 and December 31, 2015, respectively. The fair value of the embedded derivative at March 31, 2016 and December 31, 2015 was a liability of $6.8 million and $5.0 million, respectively. The mark-to-market adjustments were losses of $4.9 million and $1.5 million for three months ended March 31, 2016 and 2015, respectively.

Payments on the royalty obligation decrease the carrying amount of the minimum obligation and the derivative liability. Each monthly payment is an amount equal to the greater of the minimum of 4,167 ounces of gold or 50% of actual gold production multiplied by the excess of the monthly average market price of gold above $416 per ounce, subject to a 1% annual inflation adjustment. Realized losses on settlement of the liabilities were $3.0 million and $4.2 million for the three months ended March 31, 2016 and 2015, respectively. The mark-to-market adjustments and realized losses are included in Fair value adjustments, net.

Provisional Silver and Gold Sales

The Company enters into sales contracts with third-party smelters and refiners which, in most cases, provide for a provisional payment based upon preliminary assays and quoted metal prices. The provisionally priced sales contracts contain an embedded derivative that is required to be separated from the host contract for accounting purposes. The host contract is the receivable recorded at the forward price at the time of sale. The embedded derivatives do not qualify for hedge accounting and are marked to market through earnings each period until final settlement. Changes in silver and gold prices resulted in provisional pricing mark-to-market gains of $0.6 million and $0.9 million in the three months ended March 31, 2016 and 2015, respectively. At March 31, 2016, the Company had outstanding provisionally priced sales of 0.4 million ounces of silver and 38,773 ounces of gold at prices of $15.36 and $1,183, respectively.

Silver and Gold Options

At March 31, 2016, the Company has outstanding put spread contracts on 0.3 million ounces of silver. The weighted average high and low strike prices on the silver put spreads are $15.00 per ounce and $14.00 per ounce, respectively. If the market price of silver were to average less than the high strike price but more than the low strike price during the contract period, the Company would receive the difference between the average market price and the high strike price for the contracted volume over the contract period. If the market price of silver were to average less than the low strike price during the contract period, the Company would receive the difference between the average market price and the high strike price for the contracted volume over the contract period, and the Company would be required to pay the difference between the average market price and the low strike price for the contracted volume over the contract period. The put spread contracts are generally net cash settled and expire during the second quarter of 2016. At March 31, 2016, the fair market value of the put spreads was a net asset of $0.1 million.

During the three months ended March 31, 2016 and 2015, the Company recorded unrealized gains of $2 thousand and unrealized losses of $0.2 million, respectively, related to outstanding options which were included in Fair value adjustments, net. The Company recognized realized losses of $1.6 million and $0.8 million during the three months ended March 31, 2016 and 2015, respectively, from settled contracts.

At March 31, 2016, the Company had the following derivative instruments that settle as follows:

In thousands except average prices and notional ounces	2016			Thereafter
Palmarejo gold production royalty	$	17,240		$	—
Average gold price in excess of minimum contractual deduction	$	821		$	—
Notional ounces	20,994			—
Provisional silver sales	$	6,736		$	—
Average silver price	$	15.36		$	—
Notional ounces	438,573			—
Provisional gold sales	$	45,868		$	—
Average gold price	$	1,183		$	—
Notional ounces	38,773			—
Silver put options purchased	$	4,500		$	—
Average silver strike price	$	15.00		$	—
Notional ounces	300,000			—
Silver put options sold	$	(4,200	)	$	—
Average silver strike price	$	14.00		$	—
Notional ounces	300,000			—

The following summarizes the classification of the fair value of the derivative instruments:

	March 31, 2016
In thousands	Prepaid expenses and other		Accrued liabilities and other		Current portion of royalty obligation		Non-current portion of royalty obligation
Palmarejo gold production royalty	—		—		6,827		—
Silver and gold options	131		36		—		—
Concentrate sales contracts	85		28		—		—
	$	216	$	64	$	6,827	$	—

	December 31, 2015
In thousands	Prepaid expenses and other		Accrued liabilities and other		Current portion of royalty obligation		Non-current portion of royalty obligation
Palmarejo gold production royalty	—		—		4,957		—
Concentrate sales contracts	28		536		—		—
	$	28	$	536	$	4,957	$	—

The following represent mark-to-market gains (losses) on derivative instruments for the three months ended March 31, 2016 and 2015 (in thousands):

		Three months ended March 31,
Financial statement line	Derivative	2016			2015
Revenue	Concentrate sales contracts	$	566		$	914
Fair value adjustments, net	Palmarejo gold royalty	(4,878		)	(1,545		)
Fair value adjustments, net	Silver and gold options	(1,568		)	(1,046		)
		$	(5,880	)	$	(1,677	)

Credit Risk

The credit risk exposure related to any derivative instrument is limited to the unrealized gains, if any, on outstanding contracts based on current market prices. To reduce counter-party credit exposure, the Company enters into contracts with financial institutions management deems credit worthy and limits credit exposure to each institution. The Company does not anticipate non-performance by any of its counterparties. In addition, to allow for situations where derivative positions may need to be revised, the Company transacts only in markets that management considers highly liquid.

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Acquisitions

3 Months Ended

Mar. 31, 2016

Business Combinations [Abstract]

ACQUISITIONS

ACQUISITIONS

On February 20, 2015, the Company completed its acquisition of the Wharf gold mine located near Lead, South Dakota, for $99.4 million in cash. The transaction was accounted for as a business combination which requires that assets acquired and liabilities assumed be recognized at their respective fair values at the acquisition date. The Company incurred $2.1 million of acquisition costs, which are included in Pre-development, reclamation, and other on the Condensed Consolidated Statements of Comprehensive Income (Loss).

The following table presents the unaudited pro forma summary of the Company’s Condensed Consolidated Statements of Comprehensive Income (Loss) for the three months endedMarch 31, 2015, as if the acquisition had occurred on January 1, 2015. The following unaudited pro forma financial information is presented for informational purposes only and is not necessarily indicative of the results of operations as they would have been had the transaction occurred on the assumed date, nor is it necessarily an indication of trends in future results for a number of reasons, including, but not limited to, differences between the assumptions used to prepare the pro forma information, potential synergies, and cost savings from operating efficiencies.

	Three months ended March 31,
In thousands	2016			2015 (Pro Forma)
Revenue	$	148,387		$	170,956
Income (loss) before income and mining taxes	(18,290		)	(33,271		)
Net income (loss)	(20,396		)	(33,340		)

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Investments

3 Months Ended

Mar. 31, 2016

Investment in Marketable Securities [Abstract]

INVESTMENTS

INVESTMENTS

The Company invests in equity securities of silver and gold exploration and development companies. These investments are classified as available-for-sale and are measured at fair value in the financial statements with unrealized gains and losses recorded in Other comprehensive income (loss).

	At March 31, 2016
In thousands	Cost	Gross Unrealized Losses		Gross Unrealized Gains	Estimated Fair Value
Equity securities	3,509	(108	)	2,129	5,530

	At December 31, 2015
In thousands	Cost		Gross Unrealized Losses			Gross Unrealized Gains		Estimated Fair Value
Equity securities	$	3,386	$	(1,179	)	$	559	$	2,766

The Company performs a quarterly assessment on each of its equity securities with unrealized losses to determine if the security is other than temporarily impaired. The Company recorded pre-tax other-than-temporary impairment losses of $1.5 million in the three months ended March 31, 2015, in Other, net. The following table summarizes the gross unrealized losses on equity securities for which other-than-temporary impairments have not been recognized and the fair values of those securities, aggregated by the length of time the individual securities have been in a continuous unrealized loss position, at March 31, 2016:

	Less than twelve months					Twelve months or more				Total
In thousands	Unrealized Losses			Fair Value		Unrealized Losses		Fair Value		Unrealized Losses			Fair Value
Equity securities	$	(108	)	$	103	$	—	$	—	$	(108	)	$	103

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Receivables

3 Months Ended

Mar. 31, 2016

Receivables [Abstract]

RECEIVABLES

RECEIVABLES

In thousands	March 31, 2016		December 31, 2015
Current receivables:
Trade receivables	$	12,308	$	17,878
Income tax receivable	14,203		13,678
Value added tax receivable	53,022		50,669
Other	3,396		3,767
	$	82,929	$	85,992
Non-current receivables:
Value added tax receivable	$	24,114	$	24,768
Total receivables	$	107,043	$	110,760

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Inventory and Ore on Leach Pads

3 Months Ended

Mar. 31, 2016

Inventory Disclosure [Abstract]

INVENTORY AND ORE ON LEACH PADS

INVENTORY AND ORE ON LEACH PADS

In thousands	March 31, 2016		December 31, 2015
Inventory:
Concentrate	$	17,373	$	16,165
Precious metals	19,122		21,908
Supplies	42,102		43,638
	$	78,597	$	81,711
Ore on leach pads:
Current	$	72,703	$	67,329
Non-current	49,294		44,582
	$	121,997	$	111,911
Total inventory and ore on leach pads	$	200,594	$	193,622

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Property, Plant and Equipment

3 Months Ended

Mar. 31, 2016

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

In thousands	March 31, 2016			December 31, 2015
Land	$	8,287		$	8,287
Facilities and equipment	664,364			654,585
Capital leases	62,148			30,648
	734,799			693,520
Accumulated amortization	(524,315		)	(514,509		)
	210,484			179,011
Construction in progress	10,464			16,988
Property, plant and equipment, net	$	220,948		$	195,999

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Mining Properties

3 Months Ended

Mar. 31, 2016

Mining Properties [Abstract]

MINING PROPERTIES

MINING PROPERTIES

Mining properties consist of the following (in thousands):

March 31, 2016	Palmarejo			Rochester			Kensington			Wharf			San Bartolomé			La Preciosa		Joaquin		Coeur Capital			Total
Mine development	$	156,257		$	150,648		$	245,433		$	32,509		$	39,523		$	—	$	—	$	—		$	624,370
Accumulated amortization	(131,770		)	(129,100		)	(136,757		)	(6,836		)	(30,788		)	—		—					(435,251		)
	24,487			21,548			108,676			25,673			8,735			—		—		—			189,119
Mineral interests	629,303			—			—			45,837			12,868			49,085		10,000		49,440			796,533
Accumulated amortization	(354,554		)	—			—			(12,002		)	(11,471		)	—		—		(33,521		)	(411,548		)
	274,749			—			—			33,835			1,397			49,085		10,000		15,919			384,985
Mining properties, net	$	299,236		$	21,548		$	108,676		$	59,508		$	10,132		$	49,085	$	10,000	$	15,919		$	574,104

December 31, 2015	Palmarejo			Rochester			Kensington			Wharf			San Bartolomé			La Preciosa		Joaquin		Coeur Capital			Total
Mine development	$	151,828		$	149,756		$	238,786		$	32,318		$	39,474		$	—	$	—	$	—		$	612,162
Accumulated amortization	(131,055		)	(126,242		)	(131,236		)	(5,784		)	(30,325		)	—		—		—			(424,642		)
	20,773			23,514			107,550			26,534			9,149			—		—		—			187,520
Mineral interests	629,303			—			—			45,837			12,868			49,085		10,000		59,343			806,436
Accumulated amortization	(348,268		)	—			—			(10,551		)	(11,400		)	—		—		(34,518		)	(404,737		)
	281,035			—			—			35,286			1,468			49,085		10,000		24,825			401,699
Mining properties, net	$	301,808		$	23,514		$	107,550		$	61,820		$	10,617		$	49,085	$	10,000	$	24,825		$	589,219

On March 31, 2016, Coeur sold its 2.0% NSR royalty on the Cerro Bayo mine to the operator, a subsidiary of Mandalay Resources Corporation ("Mandalay"), for total consideration of approximately $5.7 million, consisting of $4.0 million in cash and 2.5 million Mandalay shares. The mineral interest associated with the Cerro Bayo mine was included in the Coeur Capital segment.

The operator of the Endeavor mine in Australia, on which the Company has a 100% silver stream, recently announced a significant curtailment of production due to low lead and zinc prices. As a result, Coeur recorded a $2.5 million write-down of the mineral interest associated with the Endeavor silver stream within the Coeur Capital segment.

On April 19, 2016, Coeur sold its tiered NSR royalty on the El Gallo mine to the operator, a subsidiary of McEwen Mining Inc., for total consideration of approximately $6.3 million, including $1 million in contingent consideration payable in mid-2018. In anticipation of this sale, the Company recorded a $1.9 million write-down of the mineral interest within the Coeur Capital segment at March 31, 2016.

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Debt

3 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

DEBT

DEBT

	March 31, 2016				December 31, 2015
In thousands	Current		Non-Current		Current		Non-Current
3.25% Convertible Senior Notes due 2028	$	—	$	712	$	—	$	712
7.875% Senior Notes due 2021, net(1)	—		373,695		—		373,433
Term Loan due 2020, net(2)	1,000		93,517		1,000		93,489
San Bartolomé Lines of Credit	—		—		—		4,571
Capital lease obligations	15,801		26,376		9,431		7,774
	$	16,801	$	494,300	$	10,431	$	479,979

⁽¹⁾ Net of unamortized debt issuance costs and premium received of $5.1 million and $5.3 million at March 31, 2016 and December 31, 2015, respectively.

⁽²⁾ Net of unamortized debt issuance costs of $4.7 million and $5.0 million at March 31, 2016 and December 31, 2015, respectively.

7.875% Senior Notes due 2021

At any time prior to February 1, 2017, the Company may redeem all or part of the Senior Notes upon not less than 30 nor more than 60 days’ prior notice at a redemption price equal to the sum of 100% of the principal amount thereof, a make-whole premium as of the date of redemption, and accrued and unpaid interest and additional interest, if any, thereon, to the date of redemption. In addition, the Company may redeem some or all of the Senior Notes on or after February 1, 2017, at redemption prices set forth in the Indenture for the Senior Notes, together with accrued and unpaid interest.

3.25% Convertible Senior Notes due 2028

In accordance with the indenture governing the 3.25% Convertible Senior Notes due 2028 (the “Convertible Notes”), the Company announced on February 12, 2015 that it was offering to repurchase all of the Convertible Notes. During the first quarter of 2015, the Company repurchased $4.6 million in aggregate principal amount. At March 31, 2016, $0.7 million of the Convertible Notes remained outstanding. The Convertible Notes are classified as non-current liabilities at March 31, 2016 as a result of the expiration of the holders' option to require the Company to repurchase the notes.

Term Loan due 2020

On June 23, 2015, the Company and certain of its subsidiaries entered into a credit agreement for the Term Loan with Barclays Bank PLC, as administrative agent (the “Term Loan Credit Agreement”). The Term Loan Credit Agreement provides for a five year $100.0 million term loan to the Company, of which a portion of the proceeds were used to repay the Short-term Loan, and the remaining proceeds are expected to be used for general corporate purposes. The Term Loan contains no financial maintenance covenants and currently bears interest at a rate equal to an adjusted Eurodollar rate plus a margin of 8.00% (at no time will the adjusted Eurodollar rate be deemed to be less than 1.00% per annum). Voluntary prepayments of the Term Loan under the Term Loan Credit Agreement are permitted, subject to the payment of a make-whole premium if such prepayment occurs prior to the first anniversary of the closing date, a premium of 105.0% of the principal amount between the first anniversary and the second anniversary of the closing date and a premium of 103.0% if such prepayment occurs on or after the second anniversary but prior to the third anniversary of the closing date. The Term Loan Credit Agreement requires amortization payments equal to 1.0% of the principal amount of the Term Loan per annum and also requires net cash proceeds of debt issuances, excess cash flow, asset sales and casualty insurance recoveries (in each case, subject to certain exceptions) to either be reinvested in long-term assets used in the Company’s business or be applied as a mandatory prepayment of the Term Loan. Amounts repaid on the Term Loan may not be re-borrowed. At March 31, 2016, the Company has made amortization payments totaling $0.8 million. The obligations under the Term Loan are secured by substantially all of the assets of the Company and its domestic subsidiaries, including the land, mineral rights and infrastructure at the Kensington, Rochester and Wharf mines, as well as a pledge of the shares of certain of the Company's subsidiaries. The Term Loan Credit Agreement contains customary representations and warranties, events of default, and affirmative and negative covenants.

Lines of Credit

San Bartolomé had two available lines of credit for an aggregate amount of $27.0 million, both of which were undrawn at March 31, 2016.

Short-term Loan

On March 31, 2015, the Company entered into a credit agreement (the "Short-term Credit Agreement") with The Bank of Nova Scotia. The Short-term Credit Agreement provided for a $50.0 million loan (the "Short-term Loan") to the Company. The Short-term Loan generally bore interest at a rate equal to an adjusted Eurocurrency rate plus a margin of 2.50%. On June 25, 2015, the Short-term Loan was repaid in full, the security for the Short-term Loan was released, and the Short-term Credit Agreement was terminated.

Capital Lease Obligations

From time to time, the Company acquires mining equipment under capital lease agreements.  During the three months ended March 31, 2016, the Company entered into new lease financing arrangements primarily for a haul truck fleet at its Rochester mine and mining equipment to support the continued underground mine expansion at the Palmarejo complex.  All capital lease obligations are recorded, upon lease inception, at the present value of future minimum lease payments. 

Palmarejo Gold Production Royalty Obligation

On January 21, 2009, Coeur Mexicana entered into a gold production royalty transaction with a subsidiary of Franco-Nevada Corporation under which the subsidiary of Franco-Nevada Corporation purchased a royalty covering 50% of the life of mine gold to be produced from the Palmarejo silver and gold mine in Mexico. This royalty excludes production from the recently acquired Paramount properties.

The royalty agreement provides for a minimum obligation to be paid monthly on a total of 400,000 ounces of gold, or 4,167 ounces per month over an initial eight year period. Each monthly payment is an amount equal to the greater of 4,167 ounces of gold or 50% of actual gold production multiplied by the excess of the monthly average market price of gold above $416 per ounce, subject to a 1% annual inflation compounding adjustment. Payments under the royalty agreement are made in cash or gold bullion. The Company paid $9.1 million and $10.4 million during the three months endedMarch 31, 2016 and 2015, respectively. At March 31, 2016, payments had been made on a total of 379,006 ounces of gold with further payments to be made on an additional 20,994 ounces of gold.     

The Company used an implicit interest rate of 30.5% to discount the original royalty obligation, based on the fair value of the consideration received projected over the expected future cash flows at inception of the obligation. The discounted obligation is accreted to its expected future value over the expected minimum payment period based on the implicit interest rate. The Company recognized accretion expense of $0.8 million and $2.0 million for the three months endedMarch 31, 2016 and 2015, respectively. At March 31, 2016 and December 31, 2015, the remaining minimum obligation under the royalty agreement was $9.8 million and $15.2 million, respectively.

Interest Expense

	Three months ended March 31,
In thousands	2016			2015
3.25% Convertible Senior Notes due 2028	$	6		$	37
7.875% Senior Notes due 2021	7,457			8,562
Term Loan due 2020	2,264			—
San Bartolomé Lines of Credit	15			272
Capital lease obligations	265			298
Other debt obligations	11			—
Accretion of Palmarejo gold production royalty obligation	765			2,031
Amortization of debt issuance costs	631			405
Accretion of debt premium	(91		)	(105		)
Capitalized interest	(203		)	(735		)
Total interest expense, net of capitalized interest	$	11,120		$	10,765

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Supplemental Guarantor Information

3 Months Ended

Mar. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

SUPPLEMENTAL GUARANTOR INFORMATION

SUPPLEMENTAL GUARANTOR INFORMATION

The following Condensed Consolidating Financial Statements are presented to satisfy disclosure requirements of Rule 3-10 of Regulation S-X resulting from the guarantees by Coeur Alaska, Inc., Coeur Explorations, Inc., Coeur Rochester, Inc., Coeur South America Corp., Wharf Resources (U.S.A.), Inc. and subsidiaries, and Coeur Capital, Inc. (collectively, the “Subsidiary Guarantors”) of the Senior Notes. The following schedules present Condensed Consolidating Financial Statements of (a) Coeur, the parent company; (b) the Subsidiary Guarantors; and (c) certain wholly-owned domestic and foreign subsidiaries of the Company (collectively, the “Non-Guarantor Subsidiaries”). Each of the Subsidiary Guarantors is 100% owned by Coeur and the guarantees are full and unconditional. There are no restrictions on the ability of Coeur to obtain funds from its subsidiaries by dividend or loan.

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

THREE MONTHS ENDED MARCH 31, 2016

In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenue	$	—		$	93,954		$	54,433		$	—		$	148,387
COSTS AND EXPENSES
Costs applicable to sales(1)	—			62,364			39,191			—			101,555
Amortization	423			17,859			9,682			—			27,964
COSTS AND EXPENSES
General and administrative	8,080			18			178			—			8,276
Exploration	623			184			924			—			1,731
Write-downs	—			—			4,446			—			4,446
Pre-development, reclamation, and other	452			1,416			2,336			—			4,204
Total costs and expenses	9,578			81,841			56,757			—			148,176
OTHER INCOME (EXPENSE), NET
Fair value adjustments, net	(1,582		)	(2,249		)	(4,864		)	—			(8,695		)
Other, net	338			2,254			(253		)	(1,025		)	1,314
Interest expense, net of capitalized interest	(10,255		)	(213		)	(1,677		)	1,025			(11,120		)
Total other income (expense), net	(11,499		)	(208		)	(6,794		)	—			(18,501		)
Loss before income and mining taxes	(21,077		)	11,905			(9,118		)	—			(18,290		)
Income and mining tax (expense) benefit	(209		)	(307		)	(1,590		)	—			(2,106		)
Total loss after income and mining taxes	(21,286		)	11,598			(10,708		)	—			(20,396		)
Equity income (loss) in consolidated subsidiaries	890			(4,479		)	—			3,589			—
NET INCOME (LOSS)	$	(20,396	)	$	7,119		$	(10,708	)	$	3,589		$	(20,396	)
OTHER COMPREHENSIVE INCOME (LOSS), net of tax:
Unrealized gain (loss) on marketable securities, net of tax	1,043			976			—			(976		)	1,043
Reclassification adjustments for impairment of marketable securities	—			—			—			—			—
Reclassification adjustments for realized loss on sale of marketable securities	588			(381		)	—			381			588
Other comprehensive income (loss)	1,631			595			—			(595		)	1,631
COMPREHENSIVE INCOME (LOSS)	$	(18,765	)	$	7,714		$	(10,708	)	$	2,994		$	(18,765	)

(1) Excludes amortization.

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

THREE MONTHS ENDED MARCH 31, 2015

In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenue	$	—		$	88,672		$	64,284		$	—		$	152,956
COSTS AND EXPENSES
Costs applicable to sales(1)	—			60,811			54,251			—			115,062
Amortization	502			18,567			14,021			—			33,090
General and administrative	8,750			7			77			—			8,834
Exploration	563			2,458			1,245			—			4,266
Pre-development, reclamation, and other	3,388			1,375			2,000			—			6,763
Total costs and expenses	13,203			83,218			71,594			—			168,015
OTHER INCOME (EXPENSE), NET
Fair value adjustments, net	(1,046		)	(2,293		)	(1,545		)	—			(4,884		)
Other, net	1,280			(1,571		)	(1,398		)	(822		)	(2,511		)
Interest expense, net of capitalized interest	(8,855		)	(288		)	(2,444		)	822			(10,765		)
Total other income (expense), net	(8,621		)	(4,152		)	(5,387		)	—			(18,160		)
Income (Loss) before income and mining taxes	(21,824		)	1,302			(12,697		)	—			(33,219		)
Income and mining tax (expense) benefit	1,550			(350		)	(1,268		)	—			(68		)
Income (Loss) after income and mining taxes	(20,274		)	952			(13,965		)	—			(33,287		)
Equity income (loss) in consolidated subsidiaries	(13,013		)	809			—			12,204			—
NET INCOME (LOSS)	$	(33,287	)	$	1,761		$	(13,965	)	$	12,204		$	(33,287	)
OTHER COMPREHENSIVE INCOME (LOSS), net of tax:
Unrealized gain (loss) on equity securities, net of tax	(915		)	(915		)	—			915			(915		)
Reclassification adjustments for impairment of equity securities, net of tax	928			928			—			(928		)	928
Other comprehensive income (loss)	13			13			—			(13		)	13
COMPREHENSIVE INCOME (LOSS)	$	(33,274	)	$	1,774		$	(13,965	)	$	12,191		$	(33,274	)

(1) Excludes amortization.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

THREE MONTHS ENDED MARCH 31, 2016

In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Cash provided by (used in) operating activities	$	(28,642	)	$	21,460		$	10,210		$	3,589		6,617
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(46		)	(12,790		)	(9,336		)	—			(22,172		)
Purchase of investments	(7		)	—			—			—			(7		)
Sales and maturities of investments	501			496			—			—			997
Other	(1,539		)	4,107			(32		)	—			2,536
Investments in consolidated subsidiaries	3,420			8,179			—			(11,599		)	—
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	2,329			(8		)	(9,368		)	(11,599		)	(18,646		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on debt, capital leases, and associated costs	(250		)	(830		)	(4,891		)	—			(5,971		)
Gold production royalty payments	—			—			(9,131		)	—			(9,131		)
Net intercompany financing activity	(7,879		)	(24,965		)	24,834			8,010			—
Other	(280		)	—			—			—			(280		)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	(8,409		)	(25,795		)	10,812			8,010			(15,382		)
Effect of exchange rate changes on cash and cash equivalents	—			4			82			—			86
NET CHANGE IN CASH AND CASH EQUIVALENTS	(34,722		)	(4,339		)	11,736			—			(27,325		)
Cash and cash equivalents at beginning of period	96,123			34,228			70,363			—			200,714
Cash and cash equivalents at end of period	$	61,401		$	29,889		$	82,099		$	—		$	173,389

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

THREE MONTHS ENDED MARCH 31, 2015

In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Cash provided by (used in) operating activities	$	(44,918	)	$	29,908		$	(643	)	$	12,204		(3,449		)
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(12		)	(7,399		)	(10,209		)	—			(17,620		)
Purchase of investments	(278		)	—			—			—			(278		)
Sales and maturities of investments	—			145			84			—			229
Acquisitions	(103,000		)	—			982			—			(102,018		)
Other	(1,767		)	—			37			—			(1,730		)
Investments in consolidated subsidiaries	12,221			(810		)	—			(11,411		)	—
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	(92,836		)	(8,064		)	(9,106		)	(11,411		)	(121,417		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of notes and bank borrowings	50,000			—			3,500			—			53,500
Payments on long-term debt, capital leases, and associated costs	(6,582		)	(1,818		)	(194		)	—			(8,594		)
Gold production royalty payments	—			—			(10,368		)	—			(10,368		)
Net intercompany financing activity	(1,730		)	(19,628		)	21,358			—			—
Other	(423		)	—			793			(793		)	(423		)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	41,265			(21,446		)	15,089			(793		)	34,115
Effect of exchange rate changes on cash and cash equivalents	—			—			(523		)	—			(523		)
NET CHANGE IN CASH AND CASH EQUIVALENTS	(96,489		)	398			4,817			—			(91,274		)
Cash and cash equivalents at beginning of period	210,361			5,781			54,719			—			270,861
Cash and cash equivalents at end of period	$	113,872		$	6,179		$	59,536		$	—		$	179,587

CONDENSED CONSOLIDATING BALANCE SHEET

MARCH 31, 2016

In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	61,401		$	29,889		$	82,099		$	—		$	173,389
Receivables	—			7,978			74,951			—			82,929
Ore on leach pads	—			72,703			—			—			72,703
Inventory	—			40,828			37,769			—			78,597
Prepaid expenses and other	3,419			3,267			6,444			—			13,130
	64,820			154,665			201,263			—			420,748
NON-CURRENT ASSETS
Property, plant and equipment, net	4,169			153,046			63,733			—			220,948
Mining properties, net	—			192,176			381,928			—			574,104
Ore on leach pads	—			49,294			—			—			49,294
Restricted assets	7,292			381			5,548			—			13,221
Equity securities	—			5,530			—			—			5,530
Receivables	—			—			24,114			—			24,114
Deferred tax assets	—			—			2,750			—			2,750
Net investment in subsidiaries	124,846			19,478			—			(144,324		)	—
Other	55,604			9,091			5,299			(55,605		)	14,389
TOTAL ASSETS	$	256,731		$	583,661		$	684,635		$	(199,929	)	$	1,325,098
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	1,857		$	20,001		$	25,097		$	—		$	46,955
Accrued liabilities and other	8,340			12,181			21,516			—			42,037
Debt	1,000			11,478			4,323			—			16,801
Royalty obligations	—			4,522			16,661			—			21,183
Reclamation	—			1,533			1,930			—			3,463
	11,197			49,715			69,527			—			130,439
NON-CURRENT LIABILITIES
Debt	467,924			17,376			64,605			(55,605		)	494,300
Royalty obligations	—			6,354			—			—			6,354
Reclamation	—			63,194			20,708			—			83,902
Deferred tax liabilities	28,806			7,263			110,776			—			146,845
Other long-term liabilities	2,106			3,839			52,173			—			58,118
Intercompany payable (receivable)	(658,442		)	389,838			268,604			—			—
	(159,606		)	487,864			516,866			(55,605		)	789,519
STOCKHOLDERS’ EQUITY
Common stock	1,532			250			160,336			(160,586		)	1,532
Additional paid-in capital	3,026,871			179,553			1,879,279			(2,058,832		)	3,026,871
Accumulated deficit	(2,621,172		)	(131,630		)	(1,941,373		)	2,073,003			(2,621,172		)
Accumulated other comprehensive income (loss)	(2,091		)	(2,091		)	—			2,091			(2,091		)
	405,140			46,082			98,242			(144,324		)	405,140
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	256,731		$	583,661		$	684,635		$	(199,929	)	$	1,325,098

CONDENSED CONSOLIDATING BALANCE SHEET

DECEMBER 31, 2015

In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	96,123		$	34,228		$	70,363		$	—		$	200,714
Receivables	11			12,773			73,208			—			85,992
Ore on leach pads	—			67,329			—			—			67,329
Inventory	—			45,491			36,220			—			81,711
Prepaid expenses and other	3,496			1,075			6,371			—			10,942
	99,630			160,896			186,162			—			446,688
NON-CURRENT ASSETS
Property, plant and equipment, net	4,546			138,706			52,747			—			195,999
Mining properties, net	—			199,303			389,916			—			589,219
Ore on leach pads	—			44,582			—			—			44,582
Restricted assets	5,755			381			5,497			—			11,633
Equity securities	434			2,332			—			—			2,766
Receivables	—			—			24,768			—			24,768
Deferred tax assets	—			—			1,942			—			1,942
Net investment in subsidiaries	127,671			27,657			—			(155,328		)	—
Other	54,578			9,197			5,695			(54,578		)	14,892
TOTAL ASSETS	$	292,614		$	583,054		$	666,727		$	(209,906	)	$	1,332,489
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	1,743		$	18,535		$	28,454		$	—		$	48,732
Accrued liabilities and other	20,555			14,598			18,800			—			53,953
Debt	1,000			8,120			1,311			—			10,431
Royalty obligations	—			4,729			20,164			—			24,893
Reclamation	—			1,401			1,821			(1,151		)	2,071
	23,298			47,383			70,550			(1,151		)	140,080
NON-CURRENT LIABILITIES
Debt	467,634			4,947			61,976			(54,578		)	479,979
Royalty obligations	—			4,864			—			—			4,864
Reclamation	—			61,924			20,122			1,151			83,197
Deferred tax liabilities	28,600			6,927			111,605			—			147,132
Other long-term liabilities	2,171			3,838			49,752			—			55,761
Intercompany payable (receivable)	(650,565		)	411,103			239,462			—			—
	(152,160		)	493,603			482,917			(53,427		)	770,933
STOCKHOLDERS’ EQUITY
Common stock	1,513			250			130,885			(131,135		)	1,513
Additional paid-in capital	3,024,461			179,553			1,896,047			(2,075,600		)	3,024,461
Accumulated deficit	(2,600,776		)	(135,049		)	(1,913,672		)	2,048,721			(2,600,776		)
Accumulated other comprehensive income (loss)	(3,722		)	(2,686		)	—			2,686			(3,722		)
	421,476			42,068			113,260			(155,328		)	421,476
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	292,614		$	583,054		$	666,727		$	(209,906	)	$	1,332,489

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Commitments and Contingencies

3 Months Ended

Mar. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES

Labor Union Contract

The Company maintains a labor agreement with Sindicato de Trabajadores Mineros de la Empresa Manquiri S.A. at the San Bartolomé mine in Bolivia. The San Bartolomé mine labor agreement, which became effective January 28, 2010, is currently active and does not have a fixed term. At March 31, 2016, approximately 11% of the Company’s global labor force was covered by this collective bargaining agreement. The Company cannot predict whether this agreement will be renewed on similar terms or at all, whether future labor disruptions will occur or, if disruptions do occur, how long they will last.

Rochester Production Royalty

Commencing January 1, 2014, Coeur Rochester is obligated to pay a 3.4% net smelter returns royalty on up to 39.4 million silver equivalent ounces produced and sold from a portion of the Rochester mine, payable on a quarterly basis. For each calendar quarter, the royalty is payable on the actual sales prices received (exclusive of gains or losses associated with trading activities), less refining costs, of gold and silver produced and sold from the applicable portions of the Rochester mine. Changes in the Company's mine plan and silver and gold prices result in the recognition of mark-to-market gains or losses in Fair value adjustments, net. At March 31, 2016, a total of 24.1 million silver equivalent ounces remain outstanding under the obligation.

Palmarejo Gold Production Royalty and Gold Stream

On January 21, 2009, Coeur Mexicana entered into a gold production royalty agreement with a subsidiary of Franco-Nevada Corporation under which the subsidiary of Franco-Nevada Corporation purchased a royalty covering 50% of the life of mine gold to be produced from its Palmarejo silver and gold mine in Mexico (excluding production from the recently acquired Paramount properties). The royalty agreement provides for a minimum obligation of 4,167 ounces per month over an initial eight-year period for a total of 400,000 ounces of gold.

On October 2, 2014, Coeur Mexicana terminated the Palmarejo gold production royalty in exchange for a termination payment of $2.0 million, effective upon completion of the minimum ounce delivery requirement. Subsequently, Coeur Mexicana entered into a gold stream agreement with a subsidiary of Franco-Nevada Corporation whereby Coeur Mexicana will sell 50% of Palmarejo gold production (excluding production from the recently acquired Paramount properties) upon completion of the gold production royalty minimum ounce delivery requirement, for the lesser of $800 or spot price per ounce.  Under the gold stream agreement, Coeur Mexicana received a $22.0 million deposit toward future deliveries under the gold stream agreement.

Sites Related to Callahan Mining Corporation

In 1991, the Company acquired all of the outstanding common stock of Callahan Mining Corporation. The Company has received requests for information or notices of potential liability from state or federal agencies with regard to Callahan's operations at sites in Maine, Colorado and Washington. The Company did not make any decisions with respect to generation, transport or disposal of hazardous waste at these sites. Therefore, the Company believes that it is not liable for any potential cleanup costs either directly as an operator or indirectly as a parent. The Company anticipates that further agency interaction may occur with respect to these sites.

Callahan operated a mine and mill in Brooksville, Maine from 1968 until 1972 and subsequently disposed of the property. In 2000, the U.S. Environmental Protection Agency, or EPA, made a formal request to the Company for information regarding the site. The site was placed on the National Priorities List on September 5, 2002, and the Maine Department of Transportation, a partial owner of the property, signed a consent order in 2005. In January 2009, the EPA and the State of Maine made additional formal requests to the Company for information relating to the site, to which the Company responded. The first phase of cleanup at the site began in April 2011.

The Van Stone Mine in Stevens County, Washington consists of several parcels of land and was mined from 1926 until 1993 by multiple owners. Callahan sold its parcel in 1990. In February 2010, the State of Washington Department of Ecology notified Callahan that it, among others, is a potentially liable person (PLP) under Washington law.

Under lease and option agreements with several owners, Callahan was involved with the Akron Mine located in Gunnison County, Colorado from 1937-1960. The United States Forest Service (“USFS”) made formal requests for information to Callahan regarding the site in December 2003, February 2007, March 2013, and November 2013. Callahan timely responded to each request. In August 2014, Callahan received a notice of potential CERCLA liability from the USFS regarding environmental contamination at the Akron Mine.

Bolivian Temporary Restriction on Mining above 4,400 Meters

On October 14, 2009, the Bolivian state-owned mining organization, COMIBOL, announced by resolution that it was temporarily suspending mining activities above the elevation of 4,400 meters above sea level while stability studies of Cerro Rico mountain are undertaken. The Company holds rights to mine above this elevation under valid contracts with COMIBOL as well as under authorized contracts with local mining cooperatives that hold their rights under contract themselves with COMIBOL. The stability studies have been completed and officially submitted to the Bolivian mining technical authorities. Accordingly, the COMIBOL suspension has expired in accordance with the terms of the resolution. As a result of the resolution, the Company temporarily adjusted its mine plan to confine mining activities to the ore deposits below 4,400 meters above sea level and timely notified COMIBOL of the need to lift the restriction. The Cooperative Reserva Fiscal, with whom the Company has one of those contracts, subsequently interpreted the COMIBOL resolution and determined that the Huacajchi deposit was not covered by such resolution. In March 2010, the Cooperative Reserva Fiscal notified COMIBOL that, based on its interpretation, it was resuming mining of high grade material above the 4,400 meter level in the Huacajchi deposit. In December 2011, the Cooperative Reserva Fiscal sent a similar notification to COMIBOL with respect to a further area above the 4,400 meter level known as Huacajchi Sur. Based on these notifications and on the absence of any objection from COMIBOL, the Company resumed limited mining operations at the San Bartolomé mine on the Huacajchi deposit and Huacajchi Sur. Despite the fact that the COMIBOL suspension has expired, the Company has not resumed mining in other areas above the 4,400 meter level due to community relations concerns and the current political climate in Bolivia.

While the COMIBOL suspension has expired, it is uncertain at this time how long the Company will continue to suspend its mining operations in areas above the 4,400 meter level other than at Huacajchi and Huacajchi Sur. If COMIBOL decides to affirmatively adopt a new resolution to restrict access above the 4,400 meter level on a permanent basis, the Company may need to further write down the carrying value of the asset. While a portion of the Company's proven and probable reserves relate to material above the 4,400 meter level at San Bartolomé, so long as operations remain suspended, there is a risk that silver may not be produced from this material at expected levels or at all, particularly given the remaining anticipated mine life of this asset. It is also uncertain if any new mining or investment policies or shifts in political attitude may affect mining in Bolivia.

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Summary of Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2016

Accounting Policies [Abstract]

Recent Accounting Standards

Recent Accounting Standards

In March 2016, the FASB issued ASU 2016-09, "Improvements to Employee Share-Based Payment Accounting," which amends several aspects of the accounting for share-based payment transaction, including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. These changes become effective for the Company's fiscal year beginning January 1, 2018. The Company is currently evaluating the potential impact of implementing these changes on the Company's consolidated financial position, results of operations, and cash flows.

In February 2016, the FASB issued ASU 2016-02, "Leases," which will require lessees to recognize assets and liabilities for the rights and obligations created by most leases on the balance sheet. These changes become effective for the Company's fiscal year beginning January 1, 2019. Modified retrospective adoption for all leases existing at, or entered into after, the date of initial application, is required with an option to use certain transition relief. The Company is currently evaluating the potential impact of implementing these changes on the Company's consolidated financial position, results of operations, and cash flows.

In November 2015, the FASB issued ASU 2015-17, "Balance Sheet Classification of Deferred Taxes," which requires entities with a classified balance sheet to present all deferred tax assets and liabilities as non-current. The updated guidance became effective under early adoption for the Company's fiscal year beginning January 1, 2015, and resulted in a reclassification of amounts from Current deferred tax assets to Non-current deferred tax assets and Current deferred tax liabilities to Non-current deferred tax liabilities in the current and prior periods.

In September 2015, the FASB issued ASU 2015-16, "Simplifying the Accounting for Measurement-Period Adjustments," which eliminates the requirement for an acquirer to retrospectively adjust the financial statements for measurement-period adjustments that occur in periods after a business combination is consummated. These changes become effective for the Company's fiscal year beginning January 1, 2016. The Company's adoption had no impact on the Company's consolidated financial position, results of operations, and cash flows.

In August 2015, the FASB issued ASU 2015-14, "Deferral of the Effective Date", which defers the effective date of ASU 2014-09, "Revenue from Contracts with Customers" to January 1, 2018. The Company is currently evaluating the potential impact of adopting the prescribed changes on the Company's consolidated financial position, results of operations, and cash flows.    

In July 2015, the FASB issued ASU 2015-11, "Simplifying the Measurement of Inventory," which provides a revised, simpler measurement for inventory to be measured at the lower of cost and net realizable value. These changes become effective for the Company's fiscal year beginning January 1, 2018. The Company is currently evaluating the potential impact of implementing these changes on the Company's consolidated financial position, results of operations, and cash flows.

In April 2015, the FASB issued ASU 2015-03, "Simplifying the Presentation of Debt Issuance Costs," which requires that debt issuance costs related to a recognized debt liability be presented as a reduction to the carrying amount of that debt liability, not as an asset. The updated guidance became effective under early adoption for the Company's fiscal year beginning January 1, 2015, and resulted in a reclassification of amounts from Other Non-current Assets to Debt in the current and prior periods.

In February 2015, the FASB issued ASU 2015-02, "Amendments to the Consolidation Analysis," which amends the consolidation requirements in ASC 810. These changes become effective for the Company's fiscal year beginning January 1, 2016. The Company's adoption had no impact on the Company's consolidated financial position, results of operations, and cash flows.

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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Financial information relating to the reporting segments

Three months ended March 31, 2015	Palmarejo			Rochester			Kensington			Wharf		San Bartolomé			Coeur Capital			Other			Total
Revenue
Metal sales	$	39,394		$	44,031		$	44,038		$	—	$	21,548		$	1,945		$	—		$	150,956
Royalties	—			—			—			—		—			2,000			—			2,000
	39,394			44,031			44,038			—		21,548			3,945			—			152,956
Costs and Expenses
Costs applicable to sales(1)	34,491			31,392			29,419			—		19,127			633			—			115,062
Amortization	7,333			6,843			11,554			—		4,691			2,151			518			33,090
Exploration	1,123			722			1,662			—		36			75			648			4,266
Write-downs	—			—			—			—		—			—			—			—
Other operating expenses	314			1,141			235			165		244			17			13,481			15,597
Other income (expense)
Fair value adjustments, net	(1,545		)	(2,292		)	—			—		—			—			(1,047		)	(4,884		)
Interest expense, net	(1,340		)	(225		)	(63		)	—		(281		)	—			(8,856		)	(10,765		)
Other, net	(1,103		)	(41		)	(4		)	17		452			(1,525		)	(307		)	(2,511		)
Income and mining tax (expense) benefit	(1,371		)	(350		)	—			686		(1,407		)	598			1,776			(68		)
Net income (loss)	$	(9,226	)	$	1,025		$	1,101		$	538	$	(3,786	)	$	142		$	(23,081	)	$	(33,287	)
Segment assets(2)	$	346,250		$	188,419		$	205,208		$	142,527	$	179,638		$	57,930		$	80,181		$	1,200,153
Capital expenditures	$	9,184		$	3,255		$	4,144		$	51	$	949		$	—		$	37		$	17,620

(1) Excludes amortization

(2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interests

Financial information relating to the Company’s segments is as follows (in thousands):

Three months ended March 31, 2016	Palmarejo			Rochester			Kensington			Wharf		San Bartolomé			Coeur Capital			Other			Total
Revenue
Metal sales	$	29,813		$	29,982		$	35,743		$	27,929	$	21,278		$	1,891		$	—		$	146,636
Royalties	—			—			—			—		—			1,751			—			1,751
	29,813			29,982			35,743			27,929		21,278			3,642			—			148,387
Costs and Expenses
Costs applicable to sales(1)	21,038			22,485			24,418			15,461		17,497			656			—			101,555
Amortization	7,289			5,313			8,349			4,051		1,754			781			427			27,964
Exploration	801			109			(47		)	—		—			121			747			1,731
Write-downs	—			—			—			—		—			4,446			—			4,446
Other operating expenses	315			681			252			493		291			137			10,311			12,480
Other income (expense)
Fair value adjustments, net	(4,864		)	(2,249		)	—			—		—			—			(1,582		)	(8,695		)
Interest expense, net	(734		)	(171		)	(43		)	—		(3		)	—			(10,169		)	(11,120		)
Other, net	(1,235		)	3			(20		)	10		315			2,282			(41		)	1,314
Income and mining tax (expense) benefit	98			(423		)	—			116		(1,571		)	(1,292		)	966			(2,106		)
Net income (loss)	$	(6,365	)	$	(1,446	)	$	2,708		$	8,050	$	477		$	(1,509	)	$	(22,311	)	$	(20,396	)
Segment assets(2)	$	422,086		$	209,692		$	192,805		$	113,383	$	87,750		$	17,863		$	74,361		$	1,117,940
Capital expenditures	$	8,815		$	3,289		$	8,090		$	1,410	$	521		$	—		$	47		$	22,172

(1) Excludes amortization

(2) Segment assets include receivables, prepaids, inventories, property, plant and equipment, and mineral interests

Consolidated Assets

Assets	March 31, 2016		December 31, 2015
Total assets for reportable segments	$	1,117,940	$	1,103,310
Cash and cash equivalents	173,389		200,714
Other assets	33,769		28,465
Total consolidated assets	$	1,325,098	$	1,332,489

Long Lived Assets by Country

Geographic Information

Long-Lived Assets	March 31, 2016		December 31, 2015
Mexico	$	397,406	$	390,694
United States	347,021		336,210
Bolivia	33,519		35,201
Australia	3,317		5,952
Argentina	10,843		10,871
Other	5,066		9,058
Total	$	797,172	$	787,986

Revenue by Country

Revenue	Three months ended March 31,
	2016		2015
United States	$	93,654	$	88,069
Mexico	30,522		40,141
Bolivia	21,278		21,548
Australia	1,891		1,945
Other	1,042		1,253
Total	$	148,387	$	152,956

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Reclamation (Tables)

3 Months Ended

Mar. 31, 2016

Asset Retirement Obligation Disclosure [Abstract]

Asset Retirement Obligation

Changes to the Company’s asset retirement obligations for operating sites are as follows:

	Three months ended March 31,
In thousands	2016			2015
Asset retirement obligation - Beginning	$	82,072		$	67,214
Accretion	1,960			1,412
Additions and changes in estimates	251			18,292
Settlements	(309		)	(859		)
Asset retirement obligation - Ending	$	83,974		$	86,059

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Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Stock-based Compensation, Stock Options and Stock Appreciation Rights Award Activity

The following table summarizes the grants awarded during the three months endedMarch 31, 2016:

Grant date	Restricted stock	Grant date fair value of restricted stock		Stock options	Grant date fair value of stock options		Performance shares	Grant date fair value of performance shares
January 20, 2016	1,030,833	$	1.81	165,479	$	0.86	1,428,314	$	2.92
March 21, 2016	685,633	$	5.76	17,772	$	2.84	8,763	$	4.90

The following options and stock appreciation rights were exercisable during the three months endedMarch 31, 2016:

Award Type	Number of  Exercised Units	Weighted Average Exercised Price		Number of Exercisable Units	Weighted Average Exercisable Price
Stock options	—	$	—	348,279	$	17.68
Stock appreciation rights	—	$	—	46,572	$	14.06

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Other, Net (Tables)

3 Months Ended

Mar. 31, 2016

Other Income and Expenses [Abstract]

Schedule of Other Operating Cost and Expense, by Component

Other, net consists of the following:

	Three months ended March 31,
In thousands	2016			2015
Impairment of equity securities	$	—		$	(1,514	)
Foreign exchange gain (loss)	(164		)	(2,206		)
Gain (loss) on sale of assets	1,673			(44		)
Other	(195		)	1,253
Other, net	$	1,314		$	(2,511	)

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Income and Mining Taxes (Tables)

3 Months Ended

Mar. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The following table summarizes the components of Income and mining tax (expense) benefit for the three months endedMarch 31, 2016 and 2015 by significant jurisdiction:

	Three months ended March 31,
	2016						2015
In thousands	Income (loss) before tax			Tax (expense) benefit			Income (loss) before tax			Tax (expense) benefit
United States	$	(9,361	)	$	(532	)	$	(20,707	)	$	1,886
Argentina	(1,015		)	1,543			(696		)	(1		)
Mexico	(7,509		)	17			(9,672		)	(1,264		)
Bolivia	2,047			(1,570		)	(2,379		)	(1,407		)
Other jurisdictions	(2,452		)	(1,564		)	235			718
	$	(18,290	)	$	(2,106	)	$	(33,219	)	$	(68	)

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Net Income (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

	Three months ended March 31,
In thousands except per share amounts	2016			2015
Net income (loss) available to common stockholders	$	(20,396	)	$	(33,287	)
Weighted average shares:
Basic	150,249			102,580
Effect of stock-based compensation plans	—			—
Diluted	150,249			102,580
Income (loss) per share:
Basic	$	(0.14	)	$	(0.32	)
Diluted	$	(0.14	)	$	(0.32	)

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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2016

Fair Value Disclosures [Abstract]

Schedule of Fair Value Adjustments to Comprehensive income (Loss)

	Three months ended March 31,
In thousands	2016			2015
Palmarejo royalty obligation embedded derivative	$	(4,878	)	$	(1,545	)
Rochester net smelter returns ("NSR") royalty obligation	(2,249		)	(2,293		)
Silver and gold options	(1,568		)	(1,046		)
Fair value adjustments, net	$	(8,695	)	$	(4,884	)

Financial assets and liabilities measured at fair value on recurring basis

The following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis (at least annually) by level within the fair value hierarchy. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement:

	Fair Value at March 31, 2016
In thousands	Total		Level 1		Level 2		Level 3
Assets:
Equity securities	$	5,530	$	5,523	$	—	$	7
Silver and gold options	131		—		131		—
Other derivative instruments, net	57		—		57		—
	$	5,718	$	5,523	$	188	$	7
Liabilities:
Palmarejo royalty obligation embedded derivative	$	6,827	$	—	$	—	$	6,827
Rochester NSR royalty obligation	10,877		—		—		10,877
Silver and gold options	36		—		36		—
	$	17,740	$	—	$	36	$	17,704

	Fair Value at December 31, 2015
In thousands	Total		Level 1		Level 2		Level 3
Assets:
Equity securities	$	2,766	$	2,756	$	—	$	10
Liabilities:
Palmarejo royalty obligation embedded derivative	$	4,957	$	—	$	—	$	4,957
Rochester NSR royalty obligation	9,593		—		—		9,593
Other derivative instruments, net	508		—		508		—
	$	15,058	$	—	$	508	$	14,550

Changes in the fair value of the Company's Level 3 financial liabilities

The following tables present the changes in the fair value of the Company's Level 3 financial assets and liabilities for the three months ended March 31, 2016:

	Three Months Ended March 31, 2016
In thousands	Balance at the beginning of the period		Revaluation		Settlements			Balance at the end of the period
Assets:
Equity securities	$	10	$	—	$	(3	)	$	7
Liabilities:
Palmarejo royalty obligation embedded derivative	$	4,957	$	4,878	$	(3,008	)	$	6,827
Rochester NSR royalty obligation	$	9,593	2,249		(965		)	$	10,877

Financial Assets and Liabilities not Measured at Fair Value

The fair value of financial assets and liabilities carried at book value in the financial statements at March 31, 2016 and December 31, 2015 is presented in the following table:

	March 31, 2016
In thousands	Book Value		Fair Value		Level 1		Level 2		Level 3
Liabilities:
3.25% Convertible Senior Notes due 2028	$	712	$	591	$	—	$	591	$	—
7.875% Senior Notes due 2021(1)	373,695		307,732		—		307,732		—
Term Loan due 2020(2)	94,517		99,250		—		99,250		—
Palmarejo gold production royalty obligation	9,833		10,081		—		—		10,081

(1) Net of unamortized debt issuance costs and premium received of $5.1 million.

(2) Net of unamortized debt issuance costs of $4.7 million.

	December 31, 2015
In thousands	Book Value		Fair Value		Level 1		Level 2		Level 3
Liabilities:
3.25% Convertible Senior Notes due 2028	$	712	$	693	$	—	$	693	$	—
7.875% Senior Notes due 2021(1)	373,433		227,487		—		227,487		—
Term Loan due 2020(2)	94,489		99,500		—		99,500		—
San Bartolomé Lines of Credit	4,571		4,571		—		4,571		—
Palmarejo gold production royalty obligation	15,207		15,580		—		—		15,580

(1) Net of unamortized debt issuance costs and premium received of $5.3 million.

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Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative instruments, future settlement

At March 31, 2016, the Company had the following derivative instruments that settle as follows:

In thousands except average prices and notional ounces	2016			Thereafter
Palmarejo gold production royalty	$	17,240		$	—
Average gold price in excess of minimum contractual deduction	$	821		$	—
Notional ounces	20,994			—
Provisional silver sales	$	6,736		$	—
Average silver price	$	15.36		$	—
Notional ounces	438,573			—
Provisional gold sales	$	45,868		$	—
Average gold price	$	1,183		$	—
Notional ounces	38,773			—
Silver put options purchased	$	4,500		$	—
Average silver strike price	$	15.00		$	—
Notional ounces	300,000			—
Silver put options sold	$	(4,200	)	$	—
Average silver strike price	$	14.00		$	—
Notional ounces	300,000			—

Fair value of the derivative instruments

The following summarizes the classification of the fair value of the derivative instruments:

	March 31, 2016
In thousands	Prepaid expenses and other		Accrued liabilities and other		Current portion of royalty obligation		Non-current portion of royalty obligation
Palmarejo gold production royalty	—		—		6,827		—
Silver and gold options	131		36		—		—
Concentrate sales contracts	85		28		—		—
	$	216	$	64	$	6,827	$	—

	December 31, 2015
In thousands	Prepaid expenses and other		Accrued liabilities and other		Current portion of royalty obligation		Non-current portion of royalty obligation
Palmarejo gold production royalty	—		—		4,957		—
Concentrate sales contracts	28		536		—		—
	$	28	$	536	$	4,957	$	—

Gain losses on derivative instruments

The following represent mark-to-market gains (losses) on derivative instruments for the three months ended March 31, 2016 and 2015 (in thousands):

		Three months ended March 31,
Financial statement line	Derivative	2016			2015
Revenue	Concentrate sales contracts	$	566		$	914
Fair value adjustments, net	Palmarejo gold royalty	(4,878		)	(1,545		)
Fair value adjustments, net	Silver and gold options	(1,568		)	(1,046		)
		$	(5,880	)	$	(1,677	)

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Acquisitions (Tables)

3 Months Ended

Mar. 31, 2016

Business Combinations [Abstract]

Business Acquisition, Pro Forma Information

The following unaudited pro forma financial information is presented for informational purposes only and is not necessarily indicative of the results of operations as they would have been had the transaction occurred on the assumed date, nor is it necessarily an indication of trends in future results for a number of reasons, including, but not limited to, differences between the assumptions used to prepare the pro forma information, potential synergies, and cost savings from operating efficiencies.

	Three months ended March 31,
In thousands	2016			2015 (Pro Forma)
Revenue	$	148,387		$	170,956
Income (loss) before income and mining taxes	(18,290		)	(33,271		)
Net income (loss)	(20,396		)	(33,340		)

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Investments (Tables)

3 Months Ended

Mar. 31, 2016

Investment in Marketable Securities [Abstract]

Investments

	At March 31, 2016
In thousands	Cost	Gross Unrealized Losses		Gross Unrealized Gains	Estimated Fair Value
Equity securities	3,509	(108	)	2,129	5,530

	At December 31, 2015
In thousands	Cost		Gross Unrealized Losses			Gross Unrealized Gains		Estimated Fair Value
Equity securities	$	3,386	$	(1,179	)	$	559	$	2,766

Gross unrealized losses on investment securities

The following table summarizes the gross unrealized losses on equity securities for which other-than-temporary impairments have not been recognized and the fair values of those securities, aggregated by the length of time the individual securities have been in a continuous unrealized loss position, at March 31, 2016:

	Less than twelve months					Twelve months or more				Total
In thousands	Unrealized Losses			Fair Value		Unrealized Losses		Fair Value		Unrealized Losses			Fair Value
Equity securities	$	(108	)	$	103	$	—	$	—	$	(108	)	$	103

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Receivables (Tables)

3 Months Ended

Mar. 31, 2016

Receivables [Abstract]

Receivables

In thousands	March 31, 2016		December 31, 2015
Current receivables:
Trade receivables	$	12,308	$	17,878
Income tax receivable	14,203		13,678
Value added tax receivable	53,022		50,669
Other	3,396		3,767
	$	82,929	$	85,992
Non-current receivables:
Value added tax receivable	$	24,114	$	24,768
Total receivables	$	107,043	$	110,760

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Inventory and Ore on Leach Pads (Tables)

3 Months Ended

Mar. 31, 2016

Inventory Disclosure [Abstract]

Inventories

In thousands	March 31, 2016		December 31, 2015
Inventory:
Concentrate	$	17,373	$	16,165
Precious metals	19,122		21,908
Supplies	42,102		43,638
	$	78,597	$	81,711
Ore on leach pads:
Current	$	72,703	$	67,329
Non-current	49,294		44,582
	$	121,997	$	111,911
Total inventory and ore on leach pads	$	200,594	$	193,622

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Property, Plant and Equipment (Tables)

3 Months Ended

Mar. 31, 2016

Property, Plant and Equipment [Abstract]

Property, plant and equipment

In thousands	March 31, 2016			December 31, 2015
Land	$	8,287		$	8,287
Facilities and equipment	664,364			654,585
Capital leases	62,148			30,648
	734,799			693,520
Accumulated amortization	(524,315		)	(514,509		)
	210,484			179,011
Construction in progress	10,464			16,988
Property, plant and equipment, net	$	220,948		$	195,999

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Mining Properties (Tables)

3 Months Ended

Mar. 31, 2016

Mining Properties [Abstract]

Mining Properties

Mining properties consist of the following (in thousands):

March 31, 2016	Palmarejo			Rochester			Kensington			Wharf			San Bartolomé			La Preciosa		Joaquin		Coeur Capital			Total
Mine development	$	156,257		$	150,648		$	245,433		$	32,509		$	39,523		$	—	$	—	$	—		$	624,370
Accumulated amortization	(131,770		)	(129,100		)	(136,757		)	(6,836		)	(30,788		)	—		—					(435,251		)
	24,487			21,548			108,676			25,673			8,735			—		—		—			189,119
Mineral interests	629,303			—			—			45,837			12,868			49,085		10,000		49,440			796,533
Accumulated amortization	(354,554		)	—			—			(12,002		)	(11,471		)	—		—		(33,521		)	(411,548		)
	274,749			—			—			33,835			1,397			49,085		10,000		15,919			384,985
Mining properties, net	$	299,236		$	21,548		$	108,676		$	59,508		$	10,132		$	49,085	$	10,000	$	15,919		$	574,104

December 31, 2015	Palmarejo			Rochester			Kensington			Wharf			San Bartolomé			La Preciosa		Joaquin		Coeur Capital			Total
Mine development	$	151,828		$	149,756		$	238,786		$	32,318		$	39,474		$	—	$	—	$	—		$	612,162
Accumulated amortization	(131,055		)	(126,242		)	(131,236		)	(5,784		)	(30,325		)	—		—		—			(424,642		)
	20,773			23,514			107,550			26,534			9,149			—		—		—			187,520
Mineral interests	629,303			—			—			45,837			12,868			49,085		10,000		59,343			806,436
Accumulated amortization	(348,268		)	—			—			(10,551		)	(11,400		)	—		—		(34,518		)	(404,737		)
	281,035			—			—			35,286			1,468			49,085		10,000		24,825			401,699
Mining properties, net	$	301,808		$	23,514		$	107,550		$	61,820		$	10,617		$	49,085	$	10,000	$	24,825		$	589,219

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Debt (Tables)

3 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

Long term debt and capital lease obligations

	March 31, 2016				December 31, 2015
In thousands	Current		Non-Current		Current		Non-Current
3.25% Convertible Senior Notes due 2028	$	—	$	712	$	—	$	712
7.875% Senior Notes due 2021, net(1)	—		373,695		—		373,433
Term Loan due 2020, net(2)	1,000		93,517		1,000		93,489
San Bartolomé Lines of Credit	—		—		—		4,571
Capital lease obligations	15,801		26,376		9,431		7,774
	$	16,801	$	494,300	$	10,431	$	479,979

⁽¹⁾ Net of unamortized debt issuance costs and premium received of $5.1 million and $5.3 million at March 31, 2016 and December 31, 2015, respectively.

⁽²⁾ Net of unamortized debt issuance costs of $4.7 million and $5.0 million at March 31, 2016 and December 31, 2015, respectively.

Interest expenses incurred for various debt instruments

	Three months ended March 31,
In thousands	2016			2015
3.25% Convertible Senior Notes due 2028	$	6		$	37
7.875% Senior Notes due 2021	7,457			8,562
Term Loan due 2020	2,264			—
San Bartolomé Lines of Credit	15			272
Capital lease obligations	265			298
Other debt obligations	11			—
Accretion of Palmarejo gold production royalty obligation	765			2,031
Amortization of debt issuance costs	631			405
Accretion of debt premium	(91		)	(105		)
Capitalized interest	(203		)	(735		)
Total interest expense, net of capitalized interest	$	11,120		$	10,765

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Supplemental Guarantor Information (Tables)

3 Months Ended

Mar. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of Comprehensive Income (Loss)

ONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

THREE MONTHS ENDED MARCH 31, 2015

In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenue	$	—		$	88,672		$	64,284		$	—		$	152,956
COSTS AND EXPENSES
Costs applicable to sales(1)	—			60,811			54,251			—			115,062
Amortization	502			18,567			14,021			—			33,090
General and administrative	8,750			7			77			—			8,834
Exploration	563			2,458			1,245			—			4,266
Pre-development, reclamation, and other	3,388			1,375			2,000			—			6,763
Total costs and expenses	13,203			83,218			71,594			—			168,015
OTHER INCOME (EXPENSE), NET
Fair value adjustments, net	(1,046		)	(2,293		)	(1,545		)	—			(4,884		)
Other, net	1,280			(1,571		)	(1,398		)	(822		)	(2,511		)
Interest expense, net of capitalized interest	(8,855		)	(288		)	(2,444		)	822			(10,765		)
Total other income (expense), net	(8,621		)	(4,152		)	(5,387		)	—			(18,160		)
Income (Loss) before income and mining taxes	(21,824		)	1,302			(12,697		)	—			(33,219		)
Income and mining tax (expense) benefit	1,550			(350		)	(1,268		)	—			(68		)
Income (Loss) after income and mining taxes	(20,274		)	952			(13,965		)	—			(33,287		)
Equity income (loss) in consolidated subsidiaries	(13,013		)	809			—			12,204			—
NET INCOME (LOSS)	$	(33,287	)	$	1,761		$	(13,965	)	$	12,204		$	(33,287	)
OTHER COMPREHENSIVE INCOME (LOSS), net of tax:
Unrealized gain (loss) on equity securities, net of tax	(915		)	(915		)	—			915			(915		)
Reclassification adjustments for impairment of equity securities, net of tax	928			928			—			(928		)	928
Other comprehensive income (loss)	13			13			—			(13		)	13
COMPREHENSIVE INCOME (LOSS)	$	(33,274	)	$	1,774		$	(13,965	)	$	12,191		$	(33,274	)

(1) Excludes amortization.

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

THREE MONTHS ENDED MARCH 31, 2016

In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenue	$	—		$	93,954		$	54,433		$	—		$	148,387
COSTS AND EXPENSES
Costs applicable to sales(1)	—			62,364			39,191			—			101,555
Amortization	423			17,859			9,682			—			27,964
COSTS AND EXPENSES
General and administrative	8,080			18			178			—			8,276
Exploration	623			184			924			—			1,731
Write-downs	—			—			4,446			—			4,446
Pre-development, reclamation, and other	452			1,416			2,336			—			4,204
Total costs and expenses	9,578			81,841			56,757			—			148,176
OTHER INCOME (EXPENSE), NET
Fair value adjustments, net	(1,582		)	(2,249		)	(4,864		)	—			(8,695		)
Other, net	338			2,254			(253		)	(1,025		)	1,314
Interest expense, net of capitalized interest	(10,255		)	(213		)	(1,677		)	1,025			(11,120		)
Total other income (expense), net	(11,499		)	(208		)	(6,794		)	—			(18,501		)
Loss before income and mining taxes	(21,077		)	11,905			(9,118		)	—			(18,290		)
Income and mining tax (expense) benefit	(209		)	(307		)	(1,590		)	—			(2,106		)
Total loss after income and mining taxes	(21,286		)	11,598			(10,708		)	—			(20,396		)
Equity income (loss) in consolidated subsidiaries	890			(4,479		)	—			3,589			—
NET INCOME (LOSS)	$	(20,396	)	$	7,119		$	(10,708	)	$	3,589		$	(20,396	)
OTHER COMPREHENSIVE INCOME (LOSS), net of tax:
Unrealized gain (loss) on marketable securities, net of tax	1,043			976			—			(976		)	1,043
Reclassification adjustments for impairment of marketable securities	—			—			—			—			—
Reclassification adjustments for realized loss on sale of marketable securities	588			(381		)	—			381			588
Other comprehensive income (loss)	1,631			595			—			(595		)	1,631
COMPREHENSIVE INCOME (LOSS)	$	(18,765	)	$	7,714		$	(10,708	)	$	2,994		$	(18,765	)

Condensed Cash Flow Statement

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

THREE MONTHS ENDED MARCH 31, 2015

In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Cash provided by (used in) operating activities	$	(44,918	)	$	29,908		$	(643	)	$	12,204		(3,449		)
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(12		)	(7,399		)	(10,209		)	—			(17,620		)
Purchase of investments	(278		)	—			—			—			(278		)
Sales and maturities of investments	—			145			84			—			229
Acquisitions	(103,000		)	—			982			—			(102,018		)
Other	(1,767		)	—			37			—			(1,730		)
Investments in consolidated subsidiaries	12,221			(810		)	—			(11,411		)	—
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	(92,836		)	(8,064		)	(9,106		)	(11,411		)	(121,417		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of notes and bank borrowings	50,000			—			3,500			—			53,500
Payments on long-term debt, capital leases, and associated costs	(6,582		)	(1,818		)	(194		)	—			(8,594		)
Gold production royalty payments	—			—			(10,368		)	—			(10,368		)
Net intercompany financing activity	(1,730		)	(19,628		)	21,358			—			—
Other	(423		)	—			793			(793		)	(423		)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	41,265			(21,446		)	15,089			(793		)	34,115
Effect of exchange rate changes on cash and cash equivalents	—			—			(523		)	—			(523		)
NET CHANGE IN CASH AND CASH EQUIVALENTS	(96,489		)	398			4,817			—			(91,274		)
Cash and cash equivalents at beginning of period	210,361			5,781			54,719			—			270,861
Cash and cash equivalents at end of period	$	113,872		$	6,179		$	59,536		$	—		$	179,587

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

THREE MONTHS ENDED MARCH 31, 2016

In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Cash provided by (used in) operating activities	$	(28,642	)	$	21,460		$	10,210		$	3,589		6,617
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(46		)	(12,790		)	(9,336		)	—			(22,172		)
Purchase of investments	(7		)	—			—			—			(7		)
Sales and maturities of investments	501			496			—			—			997
Other	(1,539		)	4,107			(32		)	—			2,536
Investments in consolidated subsidiaries	3,420			8,179			—			(11,599		)	—
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	2,329			(8		)	(9,368		)	(11,599		)	(18,646		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on debt, capital leases, and associated costs	(250		)	(830		)	(4,891		)	—			(5,971		)
Gold production royalty payments	—			—			(9,131		)	—			(9,131		)
Net intercompany financing activity	(7,879		)	(24,965		)	24,834			8,010			—
Other	(280		)	—			—			—			(280		)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	(8,409		)	(25,795		)	10,812			8,010			(15,382		)
Effect of exchange rate changes on cash and cash equivalents	—			4			82			—			86
NET CHANGE IN CASH AND CASH EQUIVALENTS	(34,722		)	(4,339		)	11,736			—			(27,325		)
Cash and cash equivalents at beginning of period	96,123			34,228			70,363			—			200,714
Cash and cash equivalents at end of period	$	61,401		$	29,889		$	82,099		$	—		$	173,389

Condensed Balance Sheet

CONDENSED CONSOLIDATING BALANCE SHEET

DECEMBER 31, 2015

In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	96,123		$	34,228		$	70,363		$	—		$	200,714
Receivables	11			12,773			73,208			—			85,992
Ore on leach pads	—			67,329			—			—			67,329
Inventory	—			45,491			36,220			—			81,711
Prepaid expenses and other	3,496			1,075			6,371			—			10,942
	99,630			160,896			186,162			—			446,688
NON-CURRENT ASSETS
Property, plant and equipment, net	4,546			138,706			52,747			—			195,999
Mining properties, net	—			199,303			389,916			—			589,219
Ore on leach pads	—			44,582			—			—			44,582
Restricted assets	5,755			381			5,497			—			11,633
Equity securities	434			2,332			—			—			2,766
Receivables	—			—			24,768			—			24,768
Deferred tax assets	—			—			1,942			—			1,942
Net investment in subsidiaries	127,671			27,657			—			(155,328		)	—
Other	54,578			9,197			5,695			(54,578		)	14,892
TOTAL ASSETS	$	292,614		$	583,054		$	666,727		$	(209,906	)	$	1,332,489
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	1,743		$	18,535		$	28,454		$	—		$	48,732
Accrued liabilities and other	20,555			14,598			18,800			—			53,953
Debt	1,000			8,120			1,311			—			10,431
Royalty obligations	—			4,729			20,164			—			24,893
Reclamation	—			1,401			1,821			(1,151		)	2,071
	23,298			47,383			70,550			(1,151		)	140,080
NON-CURRENT LIABILITIES
Debt	467,634			4,947			61,976			(54,578		)	479,979
Royalty obligations	—			4,864			—			—			4,864
Reclamation	—			61,924			20,122			1,151			83,197
Deferred tax liabilities	28,600			6,927			111,605			—			147,132
Other long-term liabilities	2,171			3,838			49,752			—			55,761
Intercompany payable (receivable)	(650,565		)	411,103			239,462			—			—
	(152,160		)	493,603			482,917			(53,427		)	770,933
STOCKHOLDERS’ EQUITY
Common stock	1,513			250			130,885			(131,135		)	1,513
Additional paid-in capital	3,024,461			179,553			1,896,047			(2,075,600		)	3,024,461
Accumulated deficit	(2,600,776		)	(135,049		)	(1,913,672		)	2,048,721			(2,600,776		)
Accumulated other comprehensive income (loss)	(3,722		)	(2,686		)	—			2,686			(3,722		)
	421,476			42,068			113,260			(155,328		)	421,476
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	292,614		$	583,054		$	666,727		$	(209,906	)	$	1,332,489

CONDENSED CONSOLIDATING BALANCE SHEET

MARCH 31, 2016

In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	61,401		$	29,889		$	82,099		$	—		$	173,389
Receivables	—			7,978			74,951			—			82,929
Ore on leach pads	—			72,703			—			—			72,703
Inventory	—			40,828			37,769			—			78,597
Prepaid expenses and other	3,419			3,267			6,444			—			13,130
	64,820			154,665			201,263			—			420,748
NON-CURRENT ASSETS
Property, plant and equipment, net	4,169			153,046			63,733			—			220,948
Mining properties, net	—			192,176			381,928			—			574,104
Ore on leach pads	—			49,294			—			—			49,294
Restricted assets	7,292			381			5,548			—			13,221
Equity securities	—			5,530			—			—			5,530
Receivables	—			—			24,114			—			24,114
Deferred tax assets	—			—			2,750			—			2,750
Net investment in subsidiaries	124,846			19,478			—			(144,324		)	—
Other	55,604			9,091			5,299			(55,605		)	14,389
TOTAL ASSETS	$	256,731		$	583,661		$	684,635		$	(199,929	)	$	1,325,098
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	1,857		$	20,001		$	25,097		$	—		$	46,955
Accrued liabilities and other	8,340			12,181			21,516			—			42,037
Debt	1,000			11,478			4,323			—			16,801
Royalty obligations	—			4,522			16,661			—			21,183
Reclamation	—			1,533			1,930			—			3,463
	11,197			49,715			69,527			—			130,439
NON-CURRENT LIABILITIES
Debt	467,924			17,376			64,605			(55,605		)	494,300
Royalty obligations	—			6,354			—			—			6,354
Reclamation	—			63,194			20,708			—			83,902
Deferred tax liabilities	28,806			7,263			110,776			—			146,845
Other long-term liabilities	2,106			3,839			52,173			—			58,118
Intercompany payable (receivable)	(658,442		)	389,838			268,604			—			—
	(159,606		)	487,864			516,866			(55,605		)	789,519
STOCKHOLDERS’ EQUITY
Common stock	1,532			250			160,336			(160,586		)	1,532
Additional paid-in capital	3,026,871			179,553			1,879,279			(2,058,832		)	3,026,871
Accumulated deficit	(2,621,172		)	(131,630		)	(1,941,373		)	2,073,003			(2,621,172		)
Accumulated other comprehensive income (loss)	(2,091		)	(2,091		)	—			2,091			(2,091		)
	405,140			46,082			98,242			(144,324		)	405,140
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	256,731		$	583,661		$	684,635		$	(199,929	)	$	1,325,098

XML

Segment Reporting (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Financial information relating to reporting segments
Metal sales		$ 146,636	$ 150,956
Royalties		1,751	2,000
Revenue		148,387	152,956
Costs applicable to sales	[1]	101,555	115,062
Amortization		27,964	33,090
Exploration		1,731	4,266
Write-downs		4,446	0
Other operating expenses		12,480	15,597
Fair value adjustments, net		(8,695)	(4,884)
Interest expense, net		(11,120)	(10,765)
Other, net		1,314	(2,511)
Income and mining tax benefit (expense)		(2,106)	(68)
Net income (loss)		(20,396)	(33,287)
Assets, Net		1,117,940	1,200,153	$ 1,103,310
Capital expenditures		22,172	17,620
Palmarejo [Member]
Financial information relating to reporting segments
Metal sales		29,813	39,394
Royalties		0	0
Revenue		29,813	39,394
Costs applicable to sales		21,038	34,491
Amortization		7,289	7,333
Exploration		801	1,123
Write-downs		0	0
Other operating expenses		315	314
Fair value adjustments, net		(4,864)	(1,545)
Interest expense, net		(734)	(1,340)
Other, net		(1,235)	(1,103)
Income and mining tax benefit (expense)		98	(1,371)
Net income (loss)		(6,365)	(9,226)
Assets, Net		422,086	346,250
Capital expenditures		8,815	9,184
Rochester [Member]
Financial information relating to reporting segments
Metal sales		29,982	44,031
Royalties		0	0
Revenue		29,982	44,031
Costs applicable to sales		22,485	31,392
Amortization		5,313	6,843
Exploration		109	722
Write-downs		0	0
Other operating expenses		681	1,141
Fair value adjustments, net		(2,249)	(2,292)
Interest expense, net		(171)	(225)
Other, net		3	(41)
Income and mining tax benefit (expense)		(423)	(350)
Net income (loss)		(1,446)	1,025
Assets, Net		209,692	188,419
Capital expenditures		3,289	3,255
Kensington [Member]
Financial information relating to reporting segments
Metal sales		35,743	44,038
Royalties		0	0
Revenue		35,743	44,038
Costs applicable to sales		24,418	29,419
Amortization		8,349	11,554
Exploration		(47)	1,662
Write-downs		0	0
Other operating expenses		252	235
Fair value adjustments, net		0	0
Interest expense, net		(43)	(63)
Other, net		(20)	(4)
Income and mining tax benefit (expense)		0	0
Net income (loss)		2,708	1,101
Assets, Net		192,805	205,208
Capital expenditures		8,090	4,144
Wharf [Member]
Financial information relating to reporting segments
Metal sales		27,929	0
Royalties		0	0
Revenue		27,929	0
Costs applicable to sales		15,461	0
Amortization		4,051	0
Exploration		0	0
Write-downs		0	0
Other operating expenses		493	165
Fair value adjustments, net		0	0
Interest expense, net		0	0
Other, net		10	17
Income and mining tax benefit (expense)		116	686
Net income (loss)		8,050	538
Assets, Net		113,383	142,527
Capital expenditures		1,410	51
San Bartolome [Member]
Financial information relating to reporting segments
Metal sales		21,278	21,548
Royalties		0	0
Revenue		21,278	21,548
Costs applicable to sales		17,497	19,127
Amortization		1,754	4,691
Exploration		0	36
Write-downs		0	0
Other operating expenses		291	244
Fair value adjustments, net		0	0
Interest expense, net		(3)	(281)
Other, net		315	452
Income and mining tax benefit (expense)		(1,571)	(1,407)
Net income (loss)		477	(3,786)
Assets, Net		87,750	179,638
Capital expenditures		521	949
Coeur Capital [Member]
Financial information relating to reporting segments
Metal sales		1,891	1,945
Royalties		1,751	2,000
Revenue		3,642	3,945
Costs applicable to sales		656	633
Amortization		781	2,151
Exploration		121	75
Write-downs		4,446	0
Other operating expenses		137	17
Fair value adjustments, net		0	0
Interest expense, net		0	0
Other, net		2,282	(1,525)
Income and mining tax benefit (expense)		(1,292)	598
Net income (loss)		(1,509)	142
Assets, Net		17,863	57,930
Capital expenditures		0	0
Other Mining Properties [Member]
Financial information relating to reporting segments
Metal sales		0	0
Royalties		0	0
Revenue		0	0
Costs applicable to sales		0	0
Amortization		427	518
Exploration		747	648
Write-downs		0	0
Other operating expenses		10,311	13,481
Fair value adjustments, net		(1,582)	(1,047)
Interest expense, net		(10,169)	(8,856)
Other, net		(41)	(307)
Income and mining tax benefit (expense)		966	1,776
Net income (loss)		(22,311)	(23,081)
Assets, Net		74,361	80,181
Capital expenditures		$ 47	$ 37

[1] Excludes amortization.

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Segment Reporting (Details 1) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Segment Reporting [Abstract]
Assets, Net	$ 1,117,940	$ 1,103,310	$ 1,200,153
Cash and cash equivalents	173,389	200,714	$ 179,587	$ 270,861
Other assets	33,769	28,465
TOTAL ASSETS	$ 1,325,098	$ 1,332,489

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Segment Reporting (Details 2) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Long Lived Assets
Long Lived Assets in Entity's Country of Domicile	$ 797,172		$ 787,986
Revenues
Revenue	148,387	$ 152,956
United States [Member]
Long Lived Assets
Long Lived Assets in Entity's Country of Domicile	347,021		336,210
Revenues
Revenue	93,654	88,069
Mexico [Member]
Long Lived Assets
Long Lived Assets in Entity's Country of Domicile	397,406		390,694
Revenues
Revenue	30,522	40,141
BOLIVIA
Long Lived Assets
Long Lived Assets in Entity's Country of Domicile	33,519		35,201
Revenues
Revenue	21,278	21,548
Australia [Member]
Long Lived Assets
Long Lived Assets in Entity's Country of Domicile	3,317		5,952
Revenues
Revenue	1,891	1,945
Argentina [Member]
Long Lived Assets
Long Lived Assets in Entity's Country of Domicile	10,843		10,871
Other Foreign Countries [Member]
Long Lived Assets
Long Lived Assets in Entity's Country of Domicile	5,066		$ 9,058
Revenues
Revenue	$ 1,042	$ 1,253

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Reclamation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Asset retirement obligation
Asset retirement obligation - Beginning	$ 82,072	$ 67,214
Accretion	1,960	1,412
Additions and changes in estimates	251	18,292
Settlements	(309)	(859)
Asset retirement obligation - Ending	83,974	$ 86,059
Reclamation and Mine Closure (Textual) [Abstract]
Accrued reclamation liabilities	$ 3,400		$ 3,200

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Stock-Based Compensation (Details)	3 Months Ended
	Mar. 31, 2016 $ / shares shares
January 20, 2016 [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares	1,030,833
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value | $ / shares	$ 1.81
January 20, 2016 [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | shares	165,479
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	$ 0.86
January 20, 2016 [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted | shares	1,428,314
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Intrinsic Value, Amount Per Share | $ / shares	$ 2.92
March 21, 2016 [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares	685,633
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value | $ / shares	$ 5.76
March 21, 2016 [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | shares	17,772
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	$ 2.84
March 21, 2016 [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted | shares	8,763
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Intrinsic Value, Amount Per Share | $ / shares	$ 4.90

XML

Stock-Based Compensation (Details 1)	3 Months Ended
	Mar. 31, 2016 $ / shares shares
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Exercised Units (in shares) | shares	0
Weighted Average Exercised Price (in dollars per shares) | $ / shares	$ 0.00
Number of Exercisable Units (in shares) | shares	348,279
Weighted Average Exercisable Price (in dollars per shares) | $ / shares	$ 17.68
Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Exercised Units (in shares) | shares	0
Weighted Average Exercised Price (in dollars per shares) | $ / shares	$ 0.00
Number of Exercisable Units (in shares) | shares	46,572
Weighted Average Exercisable Price (in dollars per shares) | $ / shares	$ 14.06

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Stock-Based Compensation (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based compensation cost	$ 11.3
Unrecognized stock-based compensation cost, weighted-average period recognized	1 year 8 months 12 days
Supplementary Incentive Plan Accrual	$ 1.4	$ 0.2
Annual Incentive Plan and Long Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense for stock based compensation awards	$ 2.9	$ 2.2

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Retirement Savings Plan (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Postemployment Benefits [Abstract]
Percentage of maximum limit for employees to contribute their cash compensation	75.00%
Percentage of employee compensation plus matching contribution	100.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	4.00%
Total plan expenses	$ 1.0	$ 1.6

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Other, Net (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Other Income and Expenses [Abstract]
Impairment of equity securities	$ 0	$ (1,514)
Foreign exchange gain (loss)	(164)	(2,206)
Gain (loss) on sale of assets	1,673	(44)
Other	(195)	1,253
Other, net	$ 1,314	$ (2,511)

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Income and Mining Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Tax Examination [Line Items]
Income (loss) before income and mining taxes	$ (18,290)	$ (33,219)
Income tax provision from continuing operations
Income and mining tax benefit (expense)	(2,106)	(68)
United States - Alternative Minimum tax [Member]
Income Tax Examination [Line Items]
United States	(9,361)	(20,707)
Income tax provision from continuing operations
Federal tax expense (benefit)	(532)	1,886
Argentina [Member]
Income Tax Examination [Line Items]
Foreign	(1,015)	(696)
Income tax provision from continuing operations
Foreign tax expense (benefit)	1,543	(1)
Mexico [Member]
Income Tax Examination [Line Items]
Foreign	(7,509)	(9,672)
Income tax provision from continuing operations
Foreign tax expense (benefit)	17	(1,264)
BOLIVIA
Income Tax Examination [Line Items]
Foreign	2,047	(2,379)
Income tax provision from continuing operations
Foreign tax expense (benefit)	(1,570)	(1,407)
Other Countries [Member]
Income Tax Examination [Line Items]
Foreign	(2,452)	235
Income tax provision from continuing operations
Foreign tax expense (benefit)	$ (1,564)	$ 718

XML

Income and Mining Taxes (Details Textual) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Income Tax Contingency [Line Items]
Unrecognized tax benefits that would impact effective income tax rate	$ 18.9	$ 17.9
Penalties and interest accrued	11.3	$ 9.2
Minimum [Member]
Income Tax Contingency [Line Items]
Decrease in unrecognized tax benefits is reasonably possible	1.0
Maximum [Member]
Income Tax Contingency [Line Items]
Decrease in unrecognized tax benefits is reasonably possible	$ 1.5

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Net Income (Loss) Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Basic EPS
Net income (loss)	$ (20,396)	$ (33,287)
Weighted average shares
Basic (in shares)	150,249,000	102,580,000
Effect of stock-based compensation plans (in shares)	0	0
Diluted (in shares)	150,249,000	102,580,000
Income (loss) per share
Basic (in dollars per share)	$ (0.14)	$ (0.32)
Diluted (in dollars per share)	$ (0.14)	$ (0.32)
Convertible Senior Notes Due March 2028 [Member]
Earnings Per Share (Textual) [Abstract]
Debt Instrument, Interest Rate, Stated Percentage	3.25%		3.25%
Stock Options [Member]
Earnings Per Share (Textual) [Abstract]
Number of shares of common stock equivalents related to convertible debt	3,321,424	1,302,777

XML

Fair Value Measurements (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain (loss) on derivative instruments	$ (8,695)	$ (4,884)
Embedded Derivative Financial Instruments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain (loss) on derivative instruments	(4,878)	(1,545)
Rochester Royalty Obligation [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain (loss) on derivative instruments	(2,249)	(2,293)
Silver and gold options [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain (loss) on derivative instruments	$ (1,568)	$ (1,046)

XML

Fair Value Measurements (Details 1) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Assets:
Total assets	$ 5,718
Liabilities:
Total liabilities	17,740	$ 15,058
Royalty obligation embedded derivative [Member]
Liabilities:
Derivative fair value of derivative liability		4,957
Rochester Royalty Obligation [Member]
Liabilities:
Derivative fair value of derivative liability		9,593
Other Derivative Instrument [Member]
Assets:
Fair value of derivative asset	57
Liabilities:
Derivative fair value of derivative liability		508
Gold Put Purchase and Call Sold Options Net [Member]
Assets:
Fair value of derivative asset	131
Liabilities:
Derivative fair value of derivative liability	36
Equity Securities [Member]
Assets:
Equity securities	5,530	2,766
Fair Value, Inputs, Level 1 [Member]
Assets:
Total assets	5,523
Liabilities:
Total liabilities	0	0
Fair Value, Inputs, Level 1 [Member] | Royalty obligation embedded derivative [Member]
Liabilities:
Derivative fair value of derivative liability		0
Fair Value, Inputs, Level 1 [Member] | Rochester Royalty Obligation [Member]
Liabilities:
Derivative fair value of derivative liability		0
Fair Value, Inputs, Level 1 [Member] | Other Derivative Instrument [Member]
Assets:
Fair value of derivative asset	0
Liabilities:
Derivative fair value of derivative liability		0
Fair Value, Inputs, Level 1 [Member] | Gold Put Purchase and Call Sold Options Net [Member]
Assets:
Fair value of derivative asset	0
Liabilities:
Derivative fair value of derivative liability	0
Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member]
Assets:
Equity securities	5,523	2,756
Fair Value, Inputs, Level 2 [Member]
Assets:
Total assets	188
Liabilities:
Total liabilities	36	508
Fair Value, Inputs, Level 2 [Member] | Royalty obligation embedded derivative [Member]
Liabilities:
Derivative fair value of derivative liability		0
Fair Value, Inputs, Level 2 [Member] | Rochester Royalty Obligation [Member]
Liabilities:
Derivative fair value of derivative liability		0
Fair Value, Inputs, Level 2 [Member] | Other Derivative Instrument [Member]
Assets:
Fair value of derivative asset	57
Liabilities:
Derivative fair value of derivative liability		508
Fair Value, Inputs, Level 2 [Member] | Gold Put Purchase and Call Sold Options Net [Member]
Assets:
Fair value of derivative asset	131
Fair Value, Inputs, Level 2 [Member] | Equity Securities [Member]
Assets:
Equity securities	0	0
Fair Value, Inputs, Level 3 [Member]
Assets:
Total assets	7
Liabilities:
Total liabilities	17,704	14,550
Fair Value, Inputs, Level 3 [Member] | Royalty obligation embedded derivative [Member]
Liabilities:
Derivative fair value of derivative liability		4,957
Fair Value, Inputs, Level 3 [Member] | Rochester Royalty Obligation [Member]
Liabilities:
Derivative fair value of derivative liability		9,593
Fair Value, Inputs, Level 3 [Member] | Other Derivative Instrument [Member]
Assets:
Fair value of derivative asset	0
Liabilities:
Derivative fair value of derivative liability		0
Fair Value, Inputs, Level 3 [Member] | Gold Put Purchase and Call Sold Options Net [Member]
Assets:
Fair value of derivative asset	0
Liabilities:
Derivative fair value of derivative liability	0
Fair Value, Inputs, Level 3 [Member] | Equity Securities [Member]
Assets:
Equity securities	7	$ 10
Palmarejo Royalty Obligation [Member] | Royalty obligation embedded derivative [Member]
Liabilities:
Derivative fair value of derivative liability	6,827
Palmarejo Royalty Obligation [Member] | Fair Value, Inputs, Level 1 [Member] | Royalty obligation embedded derivative [Member]
Liabilities:
Derivative fair value of derivative liability	0
Palmarejo Royalty Obligation [Member] | Fair Value, Inputs, Level 2 [Member] | Royalty obligation embedded derivative [Member]
Liabilities:
Derivative fair value of derivative liability	0
Palmarejo Royalty Obligation [Member] | Fair Value, Inputs, Level 3 [Member] | Royalty obligation embedded derivative [Member]
Liabilities:
Derivative fair value of derivative liability	6,827
Rochester Royalty Obligation [Member] | Royalty Obligation [Member]
Liabilities:
Derivative fair value of derivative liability	10,877
Rochester Royalty Obligation [Member] | Fair Value, Inputs, Level 1 [Member] | Royalty Obligation [Member]
Liabilities:
Derivative fair value of derivative liability	0
Rochester Royalty Obligation [Member] | Fair Value, Inputs, Level 2 [Member] | Royalty Obligation [Member]
Liabilities:
Derivative fair value of derivative liability	0
Rochester Royalty Obligation [Member] | Fair Value, Inputs, Level 3 [Member] | Royalty Obligation [Member]
Liabilities:
Derivative fair value of derivative liability	$ 10,877

XML

Fair Value Measurements (Details 2) $ in Thousands	3 Months Ended
	Mar. 31, 2016 USD ($)
Equity Securities [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at the beginning of the period	$ 10
Revaluation	0
Settlements	(3)
Balance at the end of the period	7
Palmarejo Royalty Obligation [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at the beginning of the period	4,957
Revaluation	4,878
Settlements	(3,008)
Balance at the end of the period	6,827
Rochester Royalty Obligation [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at the beginning of the period	9,593
Revaluation	2,249
Settlements	(965)
Balance at the end of the period	$ 10,877

XML

Fair Value Measurements (Details 3) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt and Capital Lease Obligations	$ 494,300	$ 479,979
Debt	16,801	10,431
Convertible Senior Notes Due March 2028 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Face Amount		712
Convertible Senior Notes Due March 2028 [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible Debt, Fair Value Disclosures	591	693
Convertible Senior Notes Due March 2028 [Member] | Reported Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Face Amount	712
Convertible Debt, Fair Value Disclosures		712
Convertible Senior Notes Due March 2028 [Member] | Fair Value, Inputs, Level 1 [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible Debt, Fair Value Disclosures	0	0
Convertible Senior Notes Due March 2028 [Member] | Fair Value, Inputs, Level 2 [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible Debt, Fair Value Disclosures	591	693
Convertible Senior Notes Due March 2028 [Member] | Fair Value, Inputs, Level 3 [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible Debt, Fair Value Disclosures	0	0
Senior Notes due 2021 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt and Capital Lease Obligations	373,695
Senior Notes due 2021 [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of long-term debt	307,732	227,487
Senior Notes due 2021 [Member] | Reported Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt and Capital Lease Obligations		373,433
Senior Notes due 2021 [Member] | Fair Value, Inputs, Level 1 [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of long-term debt	0	0
Senior Notes due 2021 [Member] | Fair Value, Inputs, Level 2 [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of long-term debt	307,732	227,487
Senior Notes due 2021 [Member] | Fair Value, Inputs, Level 3 [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of long-term debt	0	0
Palmarejo gold production royalty [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Not Measured at Fair Value	10,081	15,580
Palmarejo gold production royalty [Member] | Reported Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Not Measured at Fair Value	9,833	15,207
Palmarejo gold production royalty [Member] | Fair Value, Inputs, Level 1 [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Not Measured at Fair Value	0	0
Palmarejo gold production royalty [Member] | Fair Value, Inputs, Level 2 [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Not Measured at Fair Value	0	0
Palmarejo gold production royalty [Member] | Fair Value, Inputs, Level 3 [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Not Measured at Fair Value	10,081	15,580
Short Term Credit Agreement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	94,517	94,489
Short Term Credit Agreement [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	99,250	99,500
Short Term Credit Agreement [Member] | Fair Value, Inputs, Level 1 [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	0	0
Short Term Credit Agreement [Member] | Fair Value, Inputs, Level 2 [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	99,250	99,500
Short Term Credit Agreement [Member] | Fair Value, Inputs, Level 3 [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	$ 0	0
San Bartolome Letter of Credit Facility [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Line of Credit Facility, Fair Value of Amount Outstanding		4,571
San Bartolome Letter of Credit Facility [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Line of Credit Facility, Fair Value of Amount Outstanding		4,571
San Bartolome Letter of Credit Facility [Member] | Fair Value, Inputs, Level 1 [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Line of Credit Facility, Fair Value of Amount Outstanding		0
San Bartolome Letter of Credit Facility [Member] | Fair Value, Inputs, Level 2 [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Line of Credit Facility, Fair Value of Amount Outstanding		4,571
San Bartolome Letter of Credit Facility [Member] | Fair Value, Inputs, Level 3 [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Line of Credit Facility, Fair Value of Amount Outstanding		$ 0

XML

Fair Value Measurements (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Palmarejo [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Expected Royalty Duration	0.4
Rochester [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Expected Royalty Duration	2.3
Convertible Senior Notes Due March 2028 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	3.25%	3.25%
Senior Notes due 2021 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	7.875%	7.875%
Short Term Credit Agreement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unamortized debt issuance expense	$ 4.7	$ 5.0
Senior Notes due 2021 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Instrument, Unamortized Discount (Premium), Net	$ 5.1	$ 5.3

XML

Derivative Financial Instruments (Details)	3 Months Ended
	Mar. 31, 2016 USD ($) oz $ / oz	Mar. 31, 2015 USD ($)
Derivative [Line Items]
Remaining ounces under royalty obligation | oz	20,994
Gain (loss) on derivative instruments	$ (8,695,000)	$ (4,884,000)
Derivative instruments Settlement
Price per ounce under agreement	416
Palmarejo gold production royalty [Member] | 2016 [Member]
Derivative instruments Settlement
Derivative, notional amount	17,240,000
Price per ounce under agreement	$ 821
Notional ounces | oz	20,994
Palmarejo gold production royalty [Member] | Thereafter [Member]
Derivative instruments Settlement
Derivative, notional amount	$ 0
Price per ounce under agreement	$ 0
Notional ounces | oz	0
Silver concentrate sales agreements [Member] | 2016 [Member]
Derivative instruments Settlement
Derivative, notional amount	$ 6,736,000
Derivative average price | $ / oz	15.36
Outstanding Provisionally Priced Sales Consists of Silver | oz	438,573
Silver concentrate sales agreements [Member] | Thereafter [Member]
Derivative instruments Settlement
Derivative, notional amount	$ 0
Derivative average price | $ / oz	0
Notional ounces | oz	0
Gold concentrates sales agreements [Member] | 2016 [Member]
Derivative instruments Settlement
Derivative, notional amount	$ 45,868,000
Derivative average price | $ / oz	1,183
Outstanding Provisionally Priced Sales Consists of Gold | oz	38,773
Gold concentrates sales agreements [Member] | Thereafter [Member]
Derivative instruments Settlement
Derivative, notional amount	$ 0
Derivative average price | $ / oz	0
Notional ounces | oz	0
Silver put options purchased [Member] | 2016 [Member]
Derivative instruments Settlement
Derivative, notional amount	$ 4,500,000
Derivative, Weighted Average Strike Price of Put Options | $ / oz	15.00
Silver put options purchased [Member] | Thereafter [Member]
Derivative instruments Settlement
Derivative, notional amount	$ 0
Derivative, Weighted Average Strike Price of Put Options | $ / oz	0.00
Notional ounces | oz	0
Silver Put Options Sold [Member] | 2016 [Member]
Derivative instruments Settlement
Derivative, notional amount	$ 4,200,000
Derivative, Weighted Average Strike Price of Put Options | $ / oz	14.00
Notional ounces | oz	300,000
Silver Put Options Sold [Member] | Thereafter [Member]
Derivative instruments Settlement
Derivative, notional amount	$ 0
Derivative, Weighted Average Strike Price of Put Options | $ / oz	0.00
Notional ounces | oz	0

XML

Derivative Financial Instruments (Details 1) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Prepaid expenses and other [Member]
Fair value of the derivative instruments
Fair value of derivative asset	$ 216	$ 28
Accrued liabilities and other [Member]
Fair value of the derivative instruments
Derivative Liability, Fair Value	64	536
Current portion of royalty obligation [Member]
Fair value of the derivative instruments
Derivative Liability, Fair Value	6,827	4,957
Non-current portion of royalty obligation [Member]
Fair value of the derivative instruments
Derivative Liability, Fair Value	0	0
Palmarejo gold production royalty [Member] | Current portion of royalty obligation [Member]
Fair value of the derivative instruments
Derivative Liability, Fair Value	6,827	4,957
Palmarejo gold production royalty [Member] | Non-current portion of royalty obligation [Member]
Fair value of the derivative instruments
Derivative Liability, Fair Value	0	0
Put and call options, net [Member]
Fair value of the derivative instruments
Fair value of derivative asset	131
Derivative Liability, Fair Value	36
Put and call options, net [Member] | Accrued liabilities and other [Member]
Fair value of the derivative instruments
Derivative Liability, Fair Value	36
Put and call options, net [Member] | Non-current portion of royalty obligation [Member]
Fair value of the derivative instruments
Derivative Liability, Fair Value	0
Concentrate sales contracts [Member] | Prepaid expenses and other [Member]
Fair value of the derivative instruments
Fair value of derivative asset	85	28
Concentrate sales contracts [Member] | Accrued liabilities and other [Member]
Fair value of the derivative instruments
Derivative Liability, Fair Value	28	536
Concentrate sales contracts [Member] | Non-current portion of royalty obligation [Member]
Fair value of the derivative instruments
Derivative Liability, Fair Value	$ 0	$ 0

XML

Derivative Financial Instruments (Details 2) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2013
Derivative Instruments, Gain (Loss) [Line Items]
Fair value adjustments, net	$ (8,695)	$ (4,884)
Fair value adjustments, net	(5,880)	(1,677)
Concentrate Sales Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized Gain (Loss) on Derivatives	566	914
Embedded Derivative Financial Instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Fair value adjustments, net	(4,878)	(1,545)
Silver and gold options [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized Gain (Loss) on Derivatives		0	$ 200
Fair value adjustments, net	$ (1,568)	$ (1,046)

XML

Derivative Financial Instruments (Details Textual)	3 Months Ended		12 Months Ended
	Mar. 31, 2016 USD ($) oz $ / oz	Mar. 31, 2015 USD ($)	Dec. 31, 2013 USD ($)	Dec. 31, 2015 USD ($)	Jan. 21, 2009
Additional Derivative Financial Instruments and Fair Value of Financial Instruments (Textual) [Abstract]
Remaining ounces under royalty obligation | oz	20,994
Fair Value Assumptions, Risk Free Interest Rate	12.40%	19.90%
Gain (loss) on derivative instruments	$ (8,695,000)	$ (4,884,000)
Price per ounce under agreement	416
Franco-Nevada warrant [Member]
Additional Derivative Financial Instruments and Fair Value of Financial Instruments (Textual) [Abstract]
Fair value liability of the embedded derivative				$ 5,000,000
Realized losses	$ 3,000,000	4,200,000
Palmarejo gold production royalty [Member]
Additional Derivative Financial Instruments and Fair Value of Financial Instruments (Textual) [Abstract]
Production to be sold, percent					50.00%
Payment made for gold on the end of royalty obligation | oz	4,167
Percentage of Gold Production	50.00%
Annual Inflation Compounding Adjustment	1.00%
Concentrate Sales Contracts [Member]
Additional Derivative Financial Instruments and Fair Value of Financial Instruments (Textual) [Abstract]
Unrealized Gain (Loss) on Derivatives and Commodity Contracts	$ 600,000	900,000
Unrealized Gain (Loss) on Derivatives	566,000	914,000
Embedded Derivative Financial Instruments [Member]
Additional Derivative Financial Instruments and Fair Value of Financial Instruments (Textual) [Abstract]
Gain (loss) on derivative instruments	(4,878,000)	(1,545,000)
Silver and gold options [Member]
Additional Derivative Financial Instruments and Fair Value of Financial Instruments (Textual) [Abstract]
Gain (loss) on derivative instruments	(1,568,000)	(1,046,000)
Unrealized Gain (Loss) on Derivatives		0	$ 200,000
Mark-to-market gains and (losses) on forward foreign exchange contract	$ (1,600,000)	$ (800,000)
Maximum [Member] | Palmarejo gold production royalty [Member]
Additional Derivative Financial Instruments and Fair Value of Financial Instruments (Textual) [Abstract]
Payable ounces under royalty obligation | oz	400,000
Derivative Instruments Settle in Year One [Member] | Silver put options purchased [Member]
Additional Derivative Financial Instruments and Fair Value of Financial Instruments (Textual) [Abstract]
Derivative, Weighted Average Strike Price of Put Options | $ / oz	15.00
Derivative Instruments Settle in Year One [Member] | Silver concentrate sales agreements [Member]
Additional Derivative Financial Instruments and Fair Value of Financial Instruments (Textual) [Abstract]
Outstanding provisionally priced sales consists of silver | oz	438,573
Derivative Average Price | $ / oz	15.36
Derivative Instruments Settle in Year One [Member] | Gold concentrates sales agreements [Member]
Additional Derivative Financial Instruments and Fair Value of Financial Instruments (Textual) [Abstract]
Outstanding provisionally priced sales consists of Gold | oz	38,773
Derivative Average Price | $ / oz	1,183
Derivative Instruments Settle in Year One [Member] | Silver Put Options Sold [Member]
Additional Derivative Financial Instruments and Fair Value of Financial Instruments (Textual) [Abstract]
Notional ounces | oz	300,000
Derivative, Weighted Average Strike Price of Put Options | $ / oz	14.00
Prepaid Expenses and Other Current Assets [Member] | Gold Put Purchase and Call Sold Options Net [Member]
Additional Derivative Financial Instruments and Fair Value of Financial Instruments (Textual) [Abstract]
Fair Value, Asian Put Options	$ 100,000
Palmarejo Royalty Obligation [Member]
Additional Derivative Financial Instruments and Fair Value of Financial Instruments (Textual) [Abstract]
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value	$ 6,827,000			$ 4,957,000

XML

Acquisitions (Details) - Wharf Gold Mine [Member] - USD ($) $ in Thousands		3 Months Ended
	Feb. 20, 2015	Mar. 31, 2016	Mar. 31, 2015
Business Acquisition [Line Items]
Cash	$ 99,400
Transaction advisory fees and other acquisition costs	$ 2,100
Business Acquisition, Pro Forma Information [Abstract]
Revenue		$ 148,387	$ 170,956
Income (loss) before income and mining taxes		(18,290)	(33,271)
Net income (loss)		$ (20,396)	$ (33,340)

XML

Investments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Investment in Marketable Securities (Textual) [Abstract]
Impairment of equity securities	$ 0	$ (1,514)
Equity Securities [Member]
Available-for-sale Securities
Cost	3,509		$ 3,386
Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss, before Tax	108		1,179
Available-for-sale Equity Securities, Accumulated Gross Unrealized Gain, before Tax	2,129		559
Available-for-sale Securities, Estimated Fair Value	5,530		$ 2,766
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	108
Less than twelve Months, Fair Value	103
Twelve months or more, Fair Value	0
Fair Value	$ 103

XML

Receivables (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Receivables - current portion
Accounts receivable - trade	$ 12,308	$ 17,878
Refundable income tax	14,203	13,678
Refundable value added tax	53,022	50,669
Accounts receivable - other	3,396	3,767
Receivables, net current portion	82,929	85,992
Receivables - non-current portion
Refundable value added tax	24,114	24,768
Total receivables	$ 107,043	$ 110,760

XML

Inventory and Ore on Leach Pads (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Inventory Disclosure [Abstract]
Inventory, Finished Goods, Net of Reserves	$ 17,373	$ 16,165
Other Inventory, Net of Reserves	19,122	21,908
Inventory, Supplies, Net of Reserves	42,102	43,638
Inventory	78,597	81,711
Ore on Leach Pad, Current	72,703	67,329
Ore on leach pads, noncurrent	49,294	44,582
Inventory, Ore Stockpiles on Leach Pads, Gross	121,997	111,911
Inventory and Ore on Leach Pads	$ 200,594	$ 193,622

XML

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Property, plant and equipment
Land	$ 8,287	$ 8,287
Building improvements	664,364	654,585
Capitalized leases for machinery, equipment and buildings	62,148	30,648
Property, plant and equipment, gross	734,799	693,520
Accumulated depreciation and amortization	(524,315)	(514,509)
Property Plant and Equipment Net before Construction in Progress	210,484	179,011
Construction in Progress	10,464	16,988
Property, plant and equipment, net	$ 220,948	$ 195,999

XML

Mining Properties (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Mining Properties
Operational mining properties:	$ 624,370	$ 612,162
Accumulated depletion	(435,251)	(424,642)
Operational mining properties, net	189,119	187,520
Mineral interest	796,533	806,436
Accumulated depletion	(411,548)	(404,737)
Mineral interest, net	384,985	401,699
Total mining properties	574,104	589,219
Palmarejo [Member]
Mining Properties
Operational mining properties:	156,257	151,828
Accumulated depletion	(131,770)	(131,055)
Operational mining properties, net	24,487	20,773
Mineral interest	629,303	629,303
Accumulated depletion	(354,554)	(348,268)
Mineral interest, net	274,749	281,035
Total mining properties	299,236	301,808
Rochester [Member]
Mining Properties
Operational mining properties:	150,648	149,756
Accumulated depletion	(129,100)	(126,242)
Operational mining properties, net	21,548	23,514
Mineral interest	0	0
Accumulated depletion	0	0
Mineral interest, net	0	0
Total mining properties	21,548	23,514
Kensington [Member]
Mining Properties
Operational mining properties:	245,433	238,786
Accumulated depletion	(136,757)	(131,236)
Operational mining properties, net	108,676	107,550
Mineral interest	0	0
Accumulated depletion	0	0
Mineral interest, net	0	0
Total mining properties	108,676	107,550
Wharf [Member]
Mining Properties
Operational mining properties:	32,509	32,318
Accumulated depletion	(6,836)	(5,784)
Operational mining properties, net	25,673	26,534
Mineral interest	45,837	45,837
Accumulated depletion	(12,002)	(10,551)
Mineral interest, net	33,835	35,286
Total mining properties	59,508	61,820
San Bartolome [Member]
Mining Properties
Operational mining properties:	39,523	39,474
Accumulated depletion	(30,788)	(30,325)
Operational mining properties, net	8,735	9,149
Mineral interest	12,868	12,868
Accumulated depletion	(11,471)	(11,400)
Mineral interest, net	1,397	1,468
Total mining properties	10,132	10,617
La Preciosa [Member]
Mining Properties
Operational mining properties:	0	0
Accumulated depletion	0	0
Operational mining properties, net	0	0
Mineral interest	49,085	49,085
Accumulated depletion	0	0
Mineral interest, net	49,085	49,085
Total mining properties	49,085	49,085
Joaquin Project - Argentina [Member]
Mining Properties
Operational mining properties:	0	0
Accumulated depletion	0	0
Operational mining properties, net	0	0
Mineral interest	10,000	10,000
Accumulated depletion	0	0
Mineral interest, net	10,000	10,000
Total mining properties	10,000	10,000
Other Mining Properties [Member]
Mining Properties
Operational mining properties:	$ 0	0
Accumulated depletion		0
Operational mining properties, net	$ 0	0
Mineral interest	49,440	59,343
Accumulated depletion	(33,521)	(34,518)
Mineral interest, net	15,919	24,825
Total mining properties	$ 15,919	$ 24,825

XML

Mining Properties (Details Textual) - USD ($) $ in Thousands, shares in Millions		3 Months Ended
	Mar. 31, 2016	Mar. 31, 2016	Mar. 31, 2015	Apr. 19, 2016
Property, Plant and Equipment [Line Items]
Write-downs		$ 4,446	$ 0
Cerro Bayo Mine [Member]
Property, Plant and Equipment [Line Items]
Net smelter return paid (as a percent)	2.00%
Transfer of Financial Assets Accounted for as Sales, Cash Proceeds Received for Assets Derecognized, Amount	$ 5,700	$ 5,700
Proceeds from Sale of Productive Assets	$ 4,000
Disposition of Assets, Consideration Transferred, Shares Received	2.5
Endeavor [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Mineral Interests, Percent		100.00%
Write-downs		$ 2,500
McEwen Mining Inc, El Gallo, Magistral Mine [Member]
Property, Plant and Equipment [Line Items]
Write-downs		$ 1,900
Subsequent Event [Member] | McEwen Mining Inc, El Gallo, Magistral Mine [Member]
Property, Plant and Equipment [Line Items]
Transfer of Financial Assets Accounted for as Sales, Cash Proceeds Received for Assets Derecognized, Amount				$ 6,300
Disposition of Assets, Contingent Consideration, Asset				$ 1,000

XML

Debt (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Long term debt and capital lease obligations
Current	$ 16,801		$ 10,431
Debt	494,300		479,979
Interest expenses incurred for various debt instruments
Interest Paid on Convertible Notes due 2028	6	$ 37
Interest Paid on Senior Notes due 2021	7,457	8,562
Interest paid on term loan due 2020	2,264	0
San Bartolomé Lines of Credit	15	272
Interest Paid on Capital Leases	265	298
Interest Expense, Debt	11	0
Accretion of Franco Nevada royalty obligation	765	2,031
Debt Issuance Cost	631	405
Amortization of debt issuance costs	91	105
Capitalized interest	(203)	(735)
Total interest expense, net of capitalized interest	11,120	$ 10,765
San Bartolome Letter of Credit Facility [Member]
Long term debt and capital lease obligations
Debt	$ 0		4,571
3.25% Convertible Senior Notes due March 2028 [Member]
Long term debt and capital lease obligations
Debt Instrument, Face Amount			$ 712
Debt Instrument, Interest Rate, Stated Percentage	3.25%		3.25%
Senior Notes due 2021 [Member]
Long term debt and capital lease obligations
Debt	$ 373,695
Debt Instrument, Interest Rate, Stated Percentage	7.875%		7.875%
Capital Lease Obligations [Member]
Long term debt and capital lease obligations
Debt	$ 26,376		$ 7,774
3.25% Convertible Senior Notes due March 2028 [Member]
Long term debt and capital lease obligations
Current	0		0
Senior Notes due 2021 [Member]
Long term debt and capital lease obligations
Current	0		0
Short Term Credit Agreement [Member]
Long term debt and capital lease obligations
Current	1,000		1,000
Debt	93,517		93,489
San Bartolome Letter of Credit Facility [Member]
Long term debt and capital lease obligations
Current	0		0
Capital Lease Obligations [Member]
Long term debt and capital lease obligations
Current	$ 15,801		$ 9,431

XML

Debt (Details Textual)			3 Months Ended
	Jun. 23, 2015 USD ($)	Mar. 31, 2015 USD ($)	Mar. 31, 2016 USD ($) debt oz	Mar. 31, 2015 USD ($)	Dec. 31, 2015 USD ($)
Debt and capital lease obligations (Textual) [Abstract]
Number of lines of credits, outstanding | debt			2
Percentage of Actual Gold Production			50.00%
Price per ounce under agreement			$ 416
Cash payments on gold production royalty			$ 9,131,000	$ 10,368,000
Debt Instrument, Commodity Royalty Payments | oz			379,006
Remaining ounces under royalty obligation | oz			20,994
Additional Long term debt and capital lease obligations(Textual) [Abstract]
Accretion of Royalty Obligation			$ 765,000	2,031,000
Remaining Minimum Obligation Under Royalty Agreements			9,800,000		$ 15,200,000
Convertible Senior Notes Due March 2028 [Member]
Debt and capital lease obligations (Textual) [Abstract]
Debt Instrument, Face Amount					712,000
Banco de Credito Line of Credit [Member]
Debt and capital lease obligations (Textual) [Abstract]
Borrowing under term facility			$ 27,000,000
Palmarejo gold production royalty [Member]
Debt and capital lease obligations (Textual) [Abstract]
Effective interest rate on the notes			30.50%
Palmarejo gold production royalty [Member]
Debt and capital lease obligations (Textual) [Abstract]
Payment made for gold on the end of royalty obligation | oz			4,167
Annual Inflation Compounding Adjustment			1.00%
Palmarejo gold production royalty [Member] | Maximum [Member]
Debt and capital lease obligations (Textual) [Abstract]
Payable ounces under royalty obligation | oz			400,000
Convertible Senior Notes Due March 2028 [Member]
Debt and capital lease obligations (Textual) [Abstract]
Debt Instrument, Repurchased Face Amount		$ 4,600,000		4,600,000
Senior Notes due 2021 [Member]
Debt Instrument [Line Items]
Debt Instrument, Unamortized Discount (Premium), Net			$ 5,100,000		5,300,000
Debt and capital lease obligations (Textual) [Abstract]
Redemption period, low range			30 days
Redemption period, upper range			60 days
Redemption price after initial redemption period (as a percent)			100.00%
Short Term Credit Agreement [Member]
Debt Instrument [Line Items]
Unamortized debt issuance expense			$ 4,700,000		$ 5,000,000
Debt and capital lease obligations (Textual) [Abstract]
Short-term Debt		$ 50,000,000.0		$ 50,000,000.0
Term Loan due 2020 [Member] | Secured Debt [Member]
Debt and capital lease obligations (Textual) [Abstract]
Long-term Debt	$ 100,000,000
Prepayment premium for payments between first and second anniversary (as a percent)	105.00%
Prepayment premium for payments after second anniversary (as a percent)	103.00%
Amortization payments (as a percent)	1.00%
Debt Instrument, Annual Principal Payment			800,000
Eurodollar [Member] | Short Term Credit Agreement [Member]
Debt and capital lease obligations (Textual) [Abstract]
Basis spread on variable rate (as a percent)		2.50%
Eurodollar [Member] | Term Loan due 2020 [Member] | Secured Debt [Member]
Debt and capital lease obligations (Textual) [Abstract]
Basis spread on variable rate (as a percent)	1.00%
Adjusted Eurodollar [Member] | Term Loan due 2020 [Member] | Secured Debt [Member]
Debt and capital lease obligations (Textual) [Abstract]
Basis spread on variable rate (as a percent)	8.00%
Reported Value Measurement [Member] | Convertible Senior Notes Due March 2028 [Member]
Debt and capital lease obligations (Textual) [Abstract]
Debt Instrument, Face Amount			$ 712,000

XML

Supplemental Guarantor Information Condensed Consolidated Statements of Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Condensed Financial Statements, Captions [Line Items]
Revenue		$ 148,387	$ 152,956
Costs applicable to sales	[1]	101,555	115,062
Amortization		27,964	33,090
General and Administrative Expense		8,276	8,834
Exploration Expense, Mining		1,731	4,266
Write-downs		4,446	0
Pre-development, reclamation, and other		4,204	6,763
Total costs and expenses		148,176	168,015
Gain (loss) on derivative instruments		(8,695)	(4,884)
Other, net		1,314	(2,511)
Interest expense, net		(11,120)	(10,765)
Total other income (expense), net		(18,501)	(18,160)
Income (loss) before income and mining taxes		(18,290)	(33,219)
Income and mining tax benefit (expense)		(2,106)	(68)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest		(20,396)	(33,287)
Income (Loss) from Equity Method Investments		0	0
NET INCOME (LOSS)		(20,396)	(33,287)
Unrealized gain (loss) on available for sale securities		1,043	(915)
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI for Write-down of Securities, Net of Tax		0	928
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax		588	0
Other comprehensive income (loss)		1,631	13
COMPREHENSIVE INCOME (LOSS)		(18,765)	(33,274)
Coeur Mining, Inc.
Condensed Financial Statements, Captions [Line Items]
Revenue		0	0
Costs applicable to sales		0	0
Amortization		423	502
General and Administrative Expense		8,080	8,750
Exploration Expense, Mining		623	563
Write-downs		0
Pre-development, reclamation, and other		452	3,388
Total costs and expenses		9,578	13,203
Gain (loss) on derivative instruments		(1,582)	(1,046)
Other, net		338	1,280
Interest expense, net		(10,255)	(8,855)
Total other income (expense), net		(11,499)	(8,621)
Income (loss) before income and mining taxes		(21,077)	(21,824)
Income and mining tax benefit (expense)		(209)	1,550
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest		(21,286)	(20,274)
Income (Loss) from Equity Method Investments		890	(13,013)
NET INCOME (LOSS)		(20,396)	(33,287)
Unrealized gain (loss) on available for sale securities		1,043	(915)
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI for Write-down of Securities, Net of Tax		0	928
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax		588
Other comprehensive income (loss)		1,631	13
COMPREHENSIVE INCOME (LOSS)		(18,765)	(33,274)
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Revenue		93,954	88,672
Costs applicable to sales		62,364	60,811
Amortization		17,859	18,567
General and Administrative Expense		18	7
Exploration Expense, Mining		184	2,458
Write-downs		0
Pre-development, reclamation, and other		1,416	1,375
Total costs and expenses		81,841	83,218
Gain (loss) on derivative instruments		(2,249)	(2,293)
Other, net		2,254	(1,571)
Interest expense, net		(213)	(288)
Total other income (expense), net		(208)	(4,152)
Income (loss) before income and mining taxes		11,905	1,302
Income and mining tax benefit (expense)		(307)	(350)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest		11,598	952
Income (Loss) from Equity Method Investments		(4,479)	809
NET INCOME (LOSS)		7,119	1,761
Unrealized gain (loss) on available for sale securities		976	(915)
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI for Write-down of Securities, Net of Tax		0	928
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax		(381)
Other comprehensive income (loss)		595	13
COMPREHENSIVE INCOME (LOSS)		7,714	1,774
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Revenue		54,433	64,284
Costs applicable to sales		39,191	54,251
Amortization		9,682	14,021
General and Administrative Expense		178	77
Exploration Expense, Mining		924	1,245
Write-downs		4,446
Pre-development, reclamation, and other		2,336	2,000
Total costs and expenses		56,757	71,594
Gain (loss) on derivative instruments		(4,864)	(1,545)
Other, net		(253)	(1,398)
Interest expense, net		(1,677)	(2,444)
Total other income (expense), net		(6,794)	(5,387)
Income (loss) before income and mining taxes		(9,118)	(12,697)
Income and mining tax benefit (expense)		(1,590)	(1,268)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest		(10,708)	(13,965)
Income (Loss) from Equity Method Investments		0	0
NET INCOME (LOSS)		(10,708)	(13,965)
Unrealized gain (loss) on available for sale securities		0	0
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI for Write-down of Securities, Net of Tax		0	0
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax		0
Other comprehensive income (loss)		0	0
COMPREHENSIVE INCOME (LOSS)		(10,708)	(13,965)
Eliminations
Condensed Financial Statements, Captions [Line Items]
Revenue		0	0
Costs applicable to sales		0	0
Amortization		0	0
General and Administrative Expense		0	0
Exploration Expense, Mining		0	0
Write-downs		0
Pre-development, reclamation, and other		0	0
Total costs and expenses		0	0
Gain (loss) on derivative instruments		0	0
Other, net		(1,025)	(822)
Interest expense, net		1,025	822
Total other income (expense), net		0	0
Income (loss) before income and mining taxes		0	0
Income and mining tax benefit (expense)		0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest		0	0
Income (Loss) from Equity Method Investments		3,589	12,204
NET INCOME (LOSS)		3,589	12,204
Unrealized gain (loss) on available for sale securities		(976)	915
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI for Write-down of Securities, Net of Tax		0	(928)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax		381
Other comprehensive income (loss)		(595)	(13)
COMPREHENSIVE INCOME (LOSS)		$ 2,994	$ 12,191

[1] Excludes amortization.

XML

Supplemental Guarantor Information Condensed Consolidated Statements of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Condensed Financial Statements, Captions [Line Items]
Net Cash Provided by (Used in) Operating Activities	$ 6,617	$ (3,449)
Capital expenditures	(22,172)	(17,620)
Purchase of short term investments and equity securities	(7)	(278)
Sales and maturities of short-term investments	997	229
Acquisitions, net of cash acquired	0	(102,018)
Proceeds from Discontinued Operations Sale of Assets and Other	2,536	(1,730)
Payments to Acquire Interest in Subsidiaries and Affiliates	0	0
CASH USED IN INVESTING ACTIVITIES	(18,646)	(121,417)
Repayments of Long-term Debt, Long-term Capital Lease Obligations, and Capital Securities	(5,971)	(8,594)
Cash payments on gold production royalty	(9,131)
Proceeds From Repayment Intercompany Borrowings	0	0
Proceeds from (Payments for) Other Financing Activities	(280)	(423)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	(15,382)	34,115
Effect of exchange rate changes on cash and cash equivalents	86	(523)
Cash and Cash Equivalents, Period Increase (Decrease)	(27,325)	(91,274)
Cash and cash equivalents at beginning of period	200,714	270,861
Cash and cash equivalents at end of period	173,389	179,587
Coeur Mining, Inc.
Condensed Financial Statements, Captions [Line Items]
Net Cash Provided by (Used in) Operating Activities	(28,642)	(44,918)
Capital expenditures	(46)	(12)
Purchase of short term investments and equity securities	(7)	(278)
Sales and maturities of short-term investments	501	0
Acquisitions, net of cash acquired		(103,000)
Proceeds from Discontinued Operations Sale of Assets and Other	(1,539)	(1,767)
Payments to Acquire Interest in Subsidiaries and Affiliates	3,420	12,221
CASH USED IN INVESTING ACTIVITIES	2,329	(92,836)
Issuance of notes and bank borrowings		50,000
Repayments of Long-term Debt, Long-term Capital Lease Obligations, and Capital Securities	(250)	(6,582)
Cash payments on gold production royalty	0	0
Proceeds From Repayment Intercompany Borrowings	(7,879)	(1,730)
Proceeds from (Payments for) Other Financing Activities	(280)	(423)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	(8,409)	41,265
Effect of exchange rate changes on cash and cash equivalents	0	0
Cash and Cash Equivalents, Period Increase (Decrease)	(34,722)	(96,489)
Cash and cash equivalents at beginning of period	96,123	210,361
Cash and cash equivalents at end of period	61,401	113,872
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net Cash Provided by (Used in) Operating Activities	21,460	29,908
Capital expenditures	(12,790)	(7,399)
Purchase of short term investments and equity securities	0	0
Sales and maturities of short-term investments	496	145
Acquisitions, net of cash acquired		0
Proceeds from Discontinued Operations Sale of Assets and Other	4,107	0
Payments to Acquire Interest in Subsidiaries and Affiliates	8,179	(810)
CASH USED IN INVESTING ACTIVITIES	(8)	(8,064)
Issuance of notes and bank borrowings		0
Repayments of Long-term Debt, Long-term Capital Lease Obligations, and Capital Securities	(830)	(1,818)
Cash payments on gold production royalty	0	0
Proceeds From Repayment Intercompany Borrowings	(24,965)	(19,628)
Proceeds from (Payments for) Other Financing Activities	0	0
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	(25,795)	(21,446)
Effect of exchange rate changes on cash and cash equivalents	4	0
Cash and Cash Equivalents, Period Increase (Decrease)	(4,339)	398
Cash and cash equivalents at beginning of period	34,228	5,781
Cash and cash equivalents at end of period	29,889	6,179
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net Cash Provided by (Used in) Operating Activities	10,210	(643)
Capital expenditures	(9,336)	(10,209)
Purchase of short term investments and equity securities	0	0
Sales and maturities of short-term investments	0	84
Acquisitions, net of cash acquired		982
Proceeds from Discontinued Operations Sale of Assets and Other	(32)	37
Payments to Acquire Interest in Subsidiaries and Affiliates	0	0
CASH USED IN INVESTING ACTIVITIES	(9,368)	(9,106)
Issuance of notes and bank borrowings		3,500
Repayments of Long-term Debt, Long-term Capital Lease Obligations, and Capital Securities	(4,891)	(194)
Cash payments on gold production royalty	(9,131)	(10,368)
Proceeds From Repayment Intercompany Borrowings	24,834	21,358
Proceeds from (Payments for) Other Financing Activities	0	793
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	10,812	15,089
Effect of exchange rate changes on cash and cash equivalents	82	(523)
Cash and Cash Equivalents, Period Increase (Decrease)	11,736	4,817
Cash and cash equivalents at beginning of period	70,363	54,719
Cash and cash equivalents at end of period	82,099	59,536
Eliminations
Condensed Financial Statements, Captions [Line Items]
Net Cash Provided by (Used in) Operating Activities	3,589	12,204
Capital expenditures	0	0
Purchase of short term investments and equity securities	0	0
Sales and maturities of short-term investments	0	0
Acquisitions, net of cash acquired		0
Proceeds from Discontinued Operations Sale of Assets and Other	0	0
Payments to Acquire Interest in Subsidiaries and Affiliates	(11,599)	(11,411)
CASH USED IN INVESTING ACTIVITIES	(11,599)	(11,411)
Issuance of notes and bank borrowings		0
Repayments of Long-term Debt, Long-term Capital Lease Obligations, and Capital Securities	0	0
Cash payments on gold production royalty	0	0
Proceeds From Repayment Intercompany Borrowings	8,010	0
Proceeds from (Payments for) Other Financing Activities	0	(793)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	8,010	(793)
Effect of exchange rate changes on cash and cash equivalents	0	0
Cash and Cash Equivalents, Period Increase (Decrease)	0	0
Cash and cash equivalents at beginning of period	0	0
Cash and cash equivalents at end of period	$ 0	$ 0

XML

Supplemental Guarantor Information Condensed Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Condensed Financial Statements, Captions [Line Items]
Cash and cash equivalents	$ 173,389	$ 200,714
Receivables	82,929	85,992
Ore on leach pads	72,703	67,329
Inventory, Net	78,597	81,711
Prepaid expenses and other	13,130	10,942
Current assets	420,748	446,688
Property, plant and equipment, net	220,948	195,999
Mining properties, net	574,104	589,219
Ore on leach pads	49,294	44,582
Restricted assets	13,221	11,633
Equity securities	5,530	2,766
Receivables	24,114	24,768
Deferred tax assets	2,750	1,942
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	0	0
Other Assets, Noncurrent	14,389	14,892
TOTAL ASSETS	1,325,098	1,332,489
Accounts payable	46,955	48,732
Accrued liabilities and other	42,037	53,953
Debt	16,801	10,431
Royalty obligations	21,183	24,893
Reclamation	3,463	2,071
Liabilities, Current	130,439	140,080
Debt	494,300	479,979
Royalty obligations	6,354	4,864
Reclamation	83,902	83,197
Deferred tax liabilities	146,845	147,132
Other long-term liabilities	58,118	55,761
Intercompany Payable Receivable	0	0
Non-current liabilities	789,519	770,933
Common stock, par value $0.01 per share; authorized 300,000,000 shares, issued and outstanding 153,240,428 at March 31, 2016 and 151,339,136 at December 31, 2015	1,532	1,513
Additional paid-in capital	3,026,871	3,024,461
Accumulated deficit	(2,621,172)	(2,600,776)
Accumulated other comprehensive income (loss)	(2,091)	(3,722)
Stockholders' equity	405,140	421,476
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	1,325,098	1,332,489
Coeur Mining, Inc.
Condensed Financial Statements, Captions [Line Items]
Cash and cash equivalents	61,401	96,123
Receivables	0	11
Ore on leach pads	0	0
Inventory, Net	0	0
Prepaid expenses and other	3,419	3,496
Current assets	64,820	99,630
Property, plant and equipment, net	4,169	4,546
Mining properties, net	0	0
Ore on leach pads	0	0
Restricted assets	7,292	5,755
Equity securities	0	434
Receivables	0	0
Deferred tax assets	0	0
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	124,846	127,671
Other Assets, Noncurrent	55,604	54,578
TOTAL ASSETS	256,731	292,614
Accounts payable	1,857	1,743
Accrued liabilities and other	8,340	20,555
Debt	1,000	1,000
Royalty obligations	0	0
Reclamation	0	0
Liabilities, Current	11,197	23,298
Debt	467,924	467,634
Royalty obligations	0	0
Reclamation	0	0
Deferred tax liabilities	28,806	28,600
Other long-term liabilities	2,106	2,171
Intercompany Payable Receivable	(658,442)	(650,565)
Non-current liabilities	(159,606)	(152,160)
Common stock, par value $0.01 per share; authorized 300,000,000 shares, issued and outstanding 153,240,428 at March 31, 2016 and 151,339,136 at December 31, 2015	1,532	1,513
Additional paid-in capital	3,026,871	3,024,461
Accumulated deficit	(2,621,172)	(2,600,776)
Accumulated other comprehensive income (loss)	(2,091)	(3,722)
Stockholders' equity	405,140	421,476
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	256,731	292,614
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Cash and cash equivalents	29,889	34,228
Receivables	7,978	12,773
Ore on leach pads	72,703	67,329
Inventory, Net	40,828	45,491
Prepaid expenses and other	3,267	1,075
Current assets	154,665	160,896
Property, plant and equipment, net	153,046	138,706
Mining properties, net	192,176	199,303
Ore on leach pads	49,294	44,582
Restricted assets	381	381
Equity securities	5,530	2,332
Receivables	0	0
Deferred tax assets	0	0
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	19,478	27,657
Other Assets, Noncurrent	9,091	9,197
TOTAL ASSETS	583,661	583,054
Accounts payable	20,001	18,535
Accrued liabilities and other	12,181	14,598
Debt	11,478	8,120
Royalty obligations	4,522	4,729
Reclamation	1,533	1,401
Liabilities, Current	49,715	47,383
Debt	17,376	4,947
Royalty obligations	6,354	4,864
Reclamation	63,194	61,924
Deferred tax liabilities	7,263	6,927
Other long-term liabilities	3,839	3,838
Intercompany Payable Receivable	389,838	411,103
Non-current liabilities	487,864	493,603
Common stock, par value $0.01 per share; authorized 300,000,000 shares, issued and outstanding 153,240,428 at March 31, 2016 and 151,339,136 at December 31, 2015	250	250
Additional paid-in capital	179,553	179,553
Accumulated deficit	(131,630)	(135,049)
Accumulated other comprehensive income (loss)	(2,091)	(2,686)
Stockholders' equity	46,082	42,068
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	583,661	583,054
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Cash and cash equivalents	82,099	70,363
Receivables	74,951	73,208
Ore on leach pads	0	0
Inventory, Net	37,769	36,220
Prepaid expenses and other	6,444	6,371
Current assets	201,263	186,162
Property, plant and equipment, net	63,733	52,747
Mining properties, net	381,928	389,916
Ore on leach pads	0	0
Restricted assets	5,548	5,497
Equity securities	0	0
Receivables	24,114	24,768
Deferred tax assets	2,750	1,942
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	0	0
Other Assets, Noncurrent	5,299	5,695
TOTAL ASSETS	684,635	666,727
Accounts payable	25,097	28,454
Accrued liabilities and other	21,516	18,800
Debt	4,323	1,311
Royalty obligations	16,661	20,164
Reclamation	1,930	1,821
Liabilities, Current	69,527	70,550
Debt	64,605	61,976
Royalty obligations	0	0
Reclamation	20,708	20,122
Deferred tax liabilities	110,776	111,605
Other long-term liabilities	52,173	49,752
Intercompany Payable Receivable	268,604	239,462
Non-current liabilities	516,866	482,917
Common stock, par value $0.01 per share; authorized 300,000,000 shares, issued and outstanding 153,240,428 at March 31, 2016 and 151,339,136 at December 31, 2015	160,336	130,885
Additional paid-in capital	1,879,279	1,896,047
Accumulated deficit	(1,941,373)	(1,913,672)
Accumulated other comprehensive income (loss)	0	0
Stockholders' equity	98,242	113,260
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	684,635	666,727
Eliminations
Condensed Financial Statements, Captions [Line Items]
Cash and cash equivalents	0	0
Receivables	0	0
Ore on leach pads	0	0
Inventory, Net	0	0
Prepaid expenses and other	0	0
Current assets	0	0
Property, plant and equipment, net	0	0
Mining properties, net	0	0
Ore on leach pads	0	0
Restricted assets	0	0
Equity securities	0	0
Receivables	0	0
Deferred tax assets	0	0
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	(144,324)	(155,328)
Other Assets, Noncurrent	(55,605)	(54,578)
TOTAL ASSETS	(199,929)	(209,906)
Accounts payable	0	0
Accrued liabilities and other	0	0
Debt	0	0
Royalty obligations	0	0
Reclamation	0	(1,151)
Liabilities, Current	0	(1,151)
Debt	(55,605)	(54,578)
Royalty obligations	0	0
Reclamation	0	1,151
Deferred tax liabilities	0	0
Other long-term liabilities	0	0
Intercompany Payable Receivable	0	0
Non-current liabilities	(55,605)	(53,427)
Common stock, par value $0.01 per share; authorized 300,000,000 shares, issued and outstanding 153,240,428 at March 31, 2016 and 151,339,136 at December 31, 2015	(160,586)	(131,135)
Additional paid-in capital	(2,058,832)	(2,075,600)
Accumulated deficit	2,073,003	2,048,721
Accumulated other comprehensive income (loss)	2,091	2,686
Stockholders' equity	(144,324)	(155,328)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ (199,929)	$ (209,906)

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Commitments and Contigencies (Details Textual)		3 Months Ended
	Oct. 02, 2014 USD ($)	Mar. 31, 2016 USD ($) oz	Oct. 14, 2009 m	Jan. 21, 2009
Business Acquisition [Line Items]
Percentage of labor force covered by collective bargaining agreements		11.00%
NSR royalty percentage		3.40%
NSR royalty maximum amount		$ 39,400,000
Purchased royalty				50.00%
Royalty agreement minimum obligation for the period | oz		400,000
Price per ounce under agreement		$ 416
Maximum Height for Temporary Restriction on Mining | m			4,400
Palmarejo gold production royalty [Member]
Business Acquisition [Line Items]
Payment made for gold on the end of royalty obligation | oz		4,167
Production to be sold, percent				50.00%
Palmarejo gold production royalty [Member]
Business Acquisition [Line Items]
Termination payment	$ 2,000,000
Production to be sold, percent	50.00%
Price per ounce under agreement	$ 800
Aggregate deposit to be received	$ 22,000,000
Rochester Royalty Obligation [Member]
Business Acquisition [Line Items]
Payable ounces under royalty obligation | oz		24,100,000