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)

YEAR ENDED DECEMBER 31, 2015



In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenue	$	—		$	378,278		$	267,808		$	—		$	646,086
COSTS AND EXPENSES
Costs applicable to sales⁽¹⁾	—			261,830			217,824			—			479,654
Amortization	1,991			83,325			58,435			—			143,751
COSTS AND EXPENSES
General and administrative	32,405			35			394			—			32,834
Exploration	2,265			3,931			5,451			—			11,647
Write-downs	—			1,630			311,707			—			313,337
Pre-development, reclamation, and other	4,083			5,920			7,790			—			17,793
Total costs and expenses	40,744			356,671			601,601			—			999,016
OTHER INCOME (EXPENSE), NET
Fair value adjustments, net	1,224			818			3,160			—			5,202
Other, net	20,252			(3,106		)	(13,385		)	(3,776		)	(15		)
Interest expense, net of capitalized interest	(39,867		)	(966		)	(8,646		)	3,776			(45,703		)
Total other income (expense), net	(18,391		)	(3,254		)	(18,871		)	—			(40,516		)
Loss before income and mining taxes	(59,135		)	18,353			(352,664		)	—			(393,446		)
Income and mining tax (expense) benefit	1,827			(2,354		)	26,790			—			26,263
Total loss after income and mining taxes	(57,308		)	15,999			(325,874		)	—			(367,183		)
Equity income (loss) in consolidated subsidiaries	(309,875		)	(14,814		)	—			324,689			—
NET INCOME (LOSS)	$	(367,183	)	$	1,185		$	(325,874	)	$	324,689		$	(367,183	)
OTHER COMPREHENSIVE INCOME (LOSS), net of tax:
Unrealized gain (loss) on marketable securities, net of tax	(4,154		)	(3,118		)	—			3,118			(4,154		)
Reclassification adjustments for impairment of marketable securities	2,346			2,346			—			(2,346		)	2,346
Reclassification adjustments for realized loss on sale of marketable securities	894			894			—			(894		)	894
Other comprehensive income (loss)	(914		)	122			—			(122		)	(914		)
COMPREHENSIVE INCOME (LOSS)	$	(368,097	)	$	1,307		$	(325,874	)	$	324,567		$	(368,097	)

(1) Excludes amortization.

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

YEAR ENDED DECEMBER 31, 2014



In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenue	$	—		$	261,963		$	373,779		$	—		$	635,742
COSTS AND EXPENSES
Costs applicable to sales⁽¹⁾	—			196,805			281,140			—			477,945
Amortization	1,805			65,100			95,531			—			162,436
General and administrative	39,976			6			863			—			40,845
Exploration	3,560			11,157			7,023			—			21,740
Write-downs	—			107,832			1,364,889			—			1,472,721
Pre-development, reclamation, and other	8,813			3,889			13,335			—			26,037
Total costs and expenses	54,154			384,789			1,762,781			—			2,201,724
OTHER INCOME (EXPENSE), NET
Fair value adjustments, net	1,812			3,653			(1,847		)	—			3,618
Other, net	4,406			(7,023		)	227			(2,828		)	(5,218		)
Interest expense, net of capitalized interest	(38,389		)	(891		)	(11,094		)	2,828			(47,546		)
Total other income (expense), net	(32,171		)	(4,261		)	(12,714		)	—			(49,146		)
Income (Loss) before income and mining taxes	(86,325		)	(127,087		)	(1,401,716		)	—			(1,615,128		)
Income and mining tax (expense) benefit	1,742			(2,224		)	428,736			—			428,254
Income (Loss) after income and mining taxes	(84,583		)	(129,311		)	(972,980		)	—			(1,186,874		)
Equity income (loss) in consolidated subsidiaries	(1,102,291		)	(4,181		)	—			1,106,472			—
NET INCOME (LOSS)	$	(1,186,874	)	$	(133,492	)	$	(972,980	)	$	1,106,472		$	(1,186,874	)
OTHER COMPREHENSIVE INCOME (LOSS), net of tax:
Unrealized gain (loss) on equity securities, net of tax	(2,290		)	(2,272		)	—			2,272			(2,290		)
Reclassification adjustments for impairment of equity securities, net of tax	4,042			4,042			—			(4,042		)	4,042
Reclassification adjustments for realized loss on sale of equity securities, net of tax	346			328			—			(328		)	346
Other comprehensive income (loss)	2,098			2,098			—			(2,098		)	2,098
COMPREHENSIVE INCOME (LOSS)	$	(1,184,776	)	$	(131,394	)	$	(972,980	)	$	1,104,374		$	(1,184,776	)

(1) Excludes amortization.

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

YEAR ENDED DECEMBER 31, 2013



In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenue	$	—		$	268,023		$	477,971		$	—		$	745,994
COSTS AND EXPENSES
Costs applicable to sales⁽¹⁾	—			182,444			281,219			—			463,663
Amortization	1,066			71,655			156,843			—			229,564
General and administrative	50,213			3,245			1,885			—			55,343
Exploration	1,602			8,920			11,838			—			22,360
Litigation settlement	—			32,046			—			—			32,046
Write-downs	—			130,694			642,299			—			772,993
Pre-development, reclamation, and other	—			3,093			12,091			—			15,184
Total costs and expenses	52,881			432,097			1,106,175			—			1,591,153
OTHER INCOME (EXPENSE), NET
Fair value adjustments, net	(1,346		)	7,896			76,218			—			82,768
Other, net	(4,689		)	(1,750		)	4,602			(3,148		)	(4,985		)
Interest expense, net of capitalized interest	(25,652		)	(445		)	(18,354		)	3,148			(41,303		)
Total other income (expense), net	(31,687		)	5,701			62,466			—			36,480
Income (Loss) before income and mining taxes	(84,568		)	(158,373		)	(565,738		)	—			(808,679		)
Income and mining tax (expense) benefit	78,332			(155		)	79,939			—			158,116
Income (Loss) after income and mining taxes	(6,236		)	(158,528		)	(485,799		)	—			(650,563		)
Equity income (loss) in consolidated subsidiaries	(644,327		)	(68		)	—			644,395			—
NET INCOME (LOSS)	$	(650,563	)	$	(158,596	)	$	(485,799	)	$	644,395		$	(650,563	)
OTHER COMPREHENSIVE INCOME (LOSS), net of tax:
Unrealized gain (loss) on equity securities, net of tax	(8,489		)	(552		)	—			552			(8,489		)
Reclassification adjustments for impairment of equity securities, net of tax	11,221			211			—			(211		)	11,221
Reclassification adjustments for realized loss on sale of equity securities, net of tax	83			—			—			—			83
Other comprehensive income (loss)	2,815			(341		)	—			341			2,815
COMPREHENSIVE INCOME (LOSS)	$	(647,748	)	$	(158,937	)	$	(485,799	)	$	644,736		$	(647,748	)

(1) Excludes amortization.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

YEAR ENDED DECEMBER 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	$	(377,091	)	$	86,486		$	79,458		$	324,689		113,542
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(514		)	(52,376		)	(42,303		)	—			(95,193		)
Purchase of short-term investments and equity securities	(1,880		)	—			—			—			(1,880		)
Sales and maturities of short-term investments	2			532			71			—			605
Acquisitions, net of cash acquired	(110,846		)	—			—			—			(110,846		)
Other	(4,710		)	523			208			—			(3,979		)
Investments in consolidated subsidiaries	282,041			20,239			120			(302,400		)	—
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	164,093			(31,082		)	(41,904		)	(302,400		)	(211,293		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of notes and bank borrowings	150,000			—			3,500			—			153,500
Payments on debt, capital leases, and associated costs	(62,930		)	(7,428		)	(14,357		)	—			(84,715		)
Gold production royalty payments	—			—			(39,235		)	—			(39,235		)
Net intercompany financing activity	12,232			(19,518		)	29,575			(22,289		)	—
Other	(542		)	—			—			—			(542		)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	98,760			(26,946		)	(20,517		)	(22,289		)	29,008
Effect of exchange rate changes on cash and cash equivalents	—			(11		)	(1,393		)	—			(1,404		)
NET CHANGE IN CASH AND CASH EQUIVALENTS	(114,238		)	28,447			15,644			—			(70,147		)
Cash and cash equivalents at beginning of period	210,361			5,781			54,719			—			270,861
Cash and cash equivalents at end of period	$	96,123		$	34,228		$	70,363		$	—		$	200,714

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

YEAR ENDED DECEMBER 31, 2014



In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Cash provided by (used in) operating activities	$	(1,175,464	)	$	41,292		$	81,248		$	1,106,472		53,548
CASH FLOWS FROM INVESTING ACTIVITIES	—			—			—
Capital expenditures	(1,849		)	(28,118		)	(34,277		)	—			(64,244		)
Purchase of short term investments and equity securities	(50,013		)	(429		)	(71		)	—			(50,513		)
Sales and maturities of short term investments and equity securities	49,069			5,261			14			—			54,344
Acquisitions	(12,079		)	(4,000		)	(5,250		)	—			(21,329		)
Other	—			48			(40		)	—			8
Investments in consolidated subsidiaries	1,151,372			4,106			—			(1,155,478		)	—
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	1,136,500			(23,132		)	(39,624		)	(1,155,478		)	(81,734		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of notes and bank borrowings	153,000			—			14,784			—			167,784
Payments on long-term debt, capital leases, and associated costs	(18,545		)	(6,114		)	(1,243		)	—			(25,902		)
Gold production royalty payments	—			—			(48,395		)	—			(48,395		)
Net intercompany financing activity	(21,697		)	(7,256		)	(20,053		)	49,006			—
Other	(509		)	—			—			—			(509		)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	112,249			(13,370		)	(54,907		)	49,006			92,978
Effect of exchange rate changes on cash and cash equivalents	—			—			(621		)	—			(621		)
NET CHANGE IN CASH AND CASH EQUIVALENTS	73,285			4,790			(13,904		)	—			64,171
Cash and cash equivalents at beginning of period	137,076			991			68,623			—			206,690
Cash and cash equivalents at end of period	$	210,361		$	5,781		$	54,719		$	—		$	270,861

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

YEAR ENDED DECEMBER 31, 2013



In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Cash provided by (used in) operating activities	$	(701,653	)	$	17,456		$	151,991		$	646,173		$	113,967
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(3,573		)	(50,810		)	(46,430		)	—			(100,813		)
Purchase of short term investments and equity securities	(2,921		)	(66		)	(5,065		)	—			(8,052		)
Sales and maturities of short term investments and equity securities	29,274			75			5,447			—			34,796
Acquisitions	(113,214		)	(3,684		)	—			—			(116,898		)
Other	3,266			444			768			—			4,478
Investments in consolidated subsidiaries	642,617			68			3,488			(646,173		)	—
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	555,449			(53,973		)	(41,792		)	(646,173		)	(186,489		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of notes and bank borrowings	300,000			—			—			—			300,000
Payments on long-term debt, capital leases, and associated costs	(52,568		)	(3,171		)	(4,889		)	—			(60,628		)
Gold production royalty payments	—			—			(57,034		)	—			(57,034		)
Share repurchases	(27,552		)	—			—			—			(27,552		)
Net intercompany financing activity	(22,874		)	40,279			(17,405		)	—			—
Other	(514		)	—			—			—			(514		)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	196,492			37,108			(79,328		)	—			154,272
Effect of exchange rate changes on cash and cash equivalents	—			—			(500		)	—			(500		)
NET CHANGE IN CASH AND CASH EQUIVALENTS	50,288			591			30,371			—			81,250
Cash and cash equivalents at beginning of period	86,788			400			38,252			—			125,440
Cash and cash equivalents at end of period	$	137,076		$	991		$	68,623		$	—		$	206,690

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

DECEMBER 31, 2014



In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	210,361		$	5,781		$	54,719		$	—		$	270,861
Receivables	87			11,151			96,685			—			107,923
Ore on leach pads	—			48,204			—			—			48,204
Inventory	—			54,983			59,948			—			114,931
Prepaid expenses and other	6,349			4,557			4,617			—			15,523
	216,797			124,676			215,969			—			557,442
NON-CURRENT ASSETS
Property, plant and equipment, net	6,155			107,084			114,672			—			227,911
Mining properties, net	12,004			159,124			330,064			—			501,192
Ore on leach pads	—			37,889			—			—			37,889
Restricted assets	897			50			6,090			—			7,037
Equity securities	—			5,982			—			—			5,982
Receivables	—			—			21,686			—			21,686
Deferred tax assets	30,812			—			36,703			—			67,515
Net investment in subsidiaries	97,923			45,615			—			(143,538		)	—
Other	50,813			5,522			4,394			(50,814		)	9,915
TOTAL ASSETS	$	415,401		$	485,942		$	729,578		$	(194,352	)	$	1,436,569

LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	3,414		$	13,391		$	32,247		$	—		$	49,052
Accrued liabilities and other	22,588			11,207			17,718			—			51,513
Debt	5,334			7,476			4,688			—			17,498
Royalty obligations	—			5,747			37,931			—			43,678
Reclamation	—			3,401			1,621			(1,151		)	3,871
	31,336			41,222			94,205			(1,151		)	165,612
NON-CURRENT LIABILITIES
Debt	427,604			12,806			61,452			(50,814		)	451,048
Royalty obligations	—			9,623			18,028			—			27,651
Reclamation	—			46,792			19,000			1,151			66,943
Deferred tax liabilities	60,343			3,811			76,922			—			141,076
Other long-term liabilities	2,582			469			26,860			—			29,911
Intercompany payable (receivable)	(660,792		)	427,156			233,636			—			—
	(170,263		)	500,657			435,898			(49,663		)	716,629
STOCKHOLDERS’ EQUITY
Common stock	1,034			250			128,299			(128,549		)	1,034
Additional paid-in capital	2,789,695			79,712			1,682,830			(1,762,542		)	2,789,695
Accumulated deficit	(2,233,593		)	(133,091		)	(1,611,654		)	1,744,745			(2,233,593		)
Accumulated other comprehensive income (loss)	(2,808		)	(2,808		)	—			2,808			(2,808		)
	554,328			(55,937		)	199,475			(143,538		)	554,328
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	415,401		$	485,942		$	729,578		$	(194,352	)	$	1,436,569