Supplemental Guarantor Information (Tables)

3 Months Ended

Mar. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

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