Supplemental Guarantor Information (Tables)

9 Months Ended

Sep. 30, 2017

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of Comprehensive Income (Loss)

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

NINE MONTHS ENDED SEPTEMBER 30, 2017

In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenue	$	—		$	301,658		$	253,797		$	—		$	555,455
COSTS AND EXPENSES
Costs applicable to sales(1)	—			207,385			169,872			—			377,257
Amortization	908			49,617			56,355			—			106,880
General and administrative	24,316			26			245			—			24,587
Exploration	1,197			9,526			12,156			—			22,879
Pre-development, reclamation, and other	1,803			5,593			9,512			—			16,908
Total costs and expenses	28,224			272,147			248,140			—			548,511
OTHER INCOME (EXPENSE), NET
Loss on debt extinguishments	(9,342		)	—			—			—			(9,342		)
Fair value adjustments, net	—			(864		)	—			—			(864		)
Other, net	20,090			3,332			9,256			(4,239		)	28,439
Interest expense, net of capitalized interest	(9,876		)	(703		)	(4,601		)	4,239			(10,941		)
Total other income (expense), net	872			1,765			4,655			—			7,292
Loss before income and mining taxes	(27,352		)	31,276			10,312			—			14,236
Income and mining tax (expense) benefit	(3,108		)	(3,946		)	(16,126		)	—			(23,180		)
Total loss after income and mining taxes	(30,460		)	27,330			(5,814		)	—			(8,944		)
Equity income (loss) in consolidated subsidiaries	21,516			(546		)	(609		)	(20,361		)	—
NET INCOME (LOSS)	$	(8,944	)	$	26,784		$	(6,423	)	$	(20,361	)	$	(8,944	)
OTHER COMPREHENSIVE INCOME (LOSS), net of tax:
Unrealized gain (loss) on marketable securities, net of tax	(1,134		)	756			—			(756		)	(1,134		)
Reclassification adjustments for impairment of equity securities, net of tax	426			(426		)	—			426			426
Reclassification adjustments for realized gain (loss) on sale of equity securities, net of tax	1,300			540			—			(540		)	1,300
Other comprehensive income (loss)	592			870			—			(870		)	592
COMPREHENSIVE INCOME (LOSS)	$	(8,352	)	$	27,654		$	(6,423	)	$	(21,231	)	$	(8,352	)

(1) Excludes amortization.

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

NINE MONTHS ENDED SEPTEMBER 30, 2016

In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenue	$	—		$	317,587		$	189,054		$	—		$	506,641
COSTS AND EXPENSES
Costs applicable to sales(1)	—			189,227			118,201			—			307,428
Amortization	1,225			57,983			34,024			—			93,232
General and administrative	22,132			237			420			—			22,789
Exploration	2,091			2,843			2,735			—			7,669
Write-downs	—			—			4,446			—			4,446
Pre-development, reclamation, and other	1,774			4,332			6,953			—			13,059
Total costs and expenses	27,222			254,622			166,779			—			448,623
OTHER INCOME (EXPENSE), NET
Loss on debt extinguishments	(10,040		)	—			—			—			(10,040		)
Fair value adjustments, net	(1,635		)	(5,787		)	(5,813		)	—			(13,235		)
Other, net	3,345			3,082			3,068			(3,633		)	5,862
Interest expense, net of capitalized interest	(28,348		)	(665		)	(4,683		)	3,633			(30,063		)
Total other income (expense), net	(36,678		)	(3,370		)	(7,428		)	—			(47,476		)
Income (Loss) before income and mining taxes	(63,900		)	59,595			14,847			—			10,542
Income and mining tax (expense) benefit	(29,768		)	39,905			42,981			—			53,118
Income (Loss) after income and mining taxes	(93,668		)	99,500			57,828			—			63,660
Equity income (loss) in consolidated subsidiaries	157,328			(4,825		)	—			(152,503		)	—
NET INCOME (LOSS)	$	63,660		$	94,675		$	57,828		$	(152,503	)	$	63,660
OTHER COMPREHENSIVE INCOME (LOSS), net of tax:
Unrealized gain (loss) on equity securities, net of tax	4,533			4,466			—			(4,466		)	4,533
Reclassification adjustments for impairment of equity securities, net of tax	20			20			—			(20		)	20
Reclassification adjustments for realized loss on sale of equity securities, net of tax	(2,691		)	(3,181		)	—			3,181			(2,691		)
Other comprehensive income (loss)	1,862			1,305			—			(1,305		)	1,862
COMPREHENSIVE INCOME (LOSS)	$	65,522		$	95,980		$	57,828		$	(153,808	)	$	65,522

(1) Excludes amortization.

Condensed Cash Flow Statement

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

NINE MONTHS ENDED SEPTEMBER 30, 2017

In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries				Non-Guarantor Subsidiaries			Eliminations			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Cash provided by (used in) operating activities	$	(18,502	)	$	59,434		52,577	$	93,411		$	(20,361	)	113,982
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(1,626		)	(63,928		)	52,577	(25,368		)	—			(90,922		)
Proceeds from the sale of assets	8,917			6,670			52,577	951			—			16,538
Purchase of investments	(13,558		)	(1		)	52,577	—			—			(13,559		)
Sales of investments	9,157			2,164			52,577	—			—			11,321
Other	(7,269		)	—			52,577	(188		)	—			(7,457		)
Investments in consolidated subsidiaries	(9,571		)	7,897			52,577	(1,004		)	2,678			—
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	(13,950		)	(47,198		)		(25,609		)	2,678			(84,079		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of notes and bank borrowings	242,701			—			52,577	—			—			242,701
Payments on debt, capital leases, and associated costs	(185,538		)	(5,789		)	52,577	(4,174		)	—			(195,501		)
Net intercompany financing activity	16,904			(10,809		)	52,577	(23,778		)	17,683			—
Other	(3,726		)	—			52,577	—			—			(3,726		)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	70,341			(16,598		)		(27,952		)	17,683			43,474
Effect of exchange rate changes on cash and cash equivalents	—			3				659			—			662
NET CHANGE IN CASH AND CASH EQUIVALENTS	37,889			(4,359		)		40,509			—			74,039
Cash and cash equivalents at beginning of period	58,048			50,023				54,111			—			162,182
Cash and cash equivalents at end of period	$	95,937		$	45,664			$	94,620		$	—		$	236,221

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

NINE MONTHS ENDED SEPTEMBER 30, 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	$	98,323		$	101,368		$	53,180		$	(152,503	)	100,368
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(196		)	(38,272		)	(32,619		)	—			(71,087		)
Acquisitions, net of cash acquired	—			—			(1,427		)	—			(1,427		)
Proceeds from the sale of assets	2			4,601			11,501			—			16,104
Purchase of investments	(104		)	(16		)	—			—			(120		)
Sales of investments	501			6,576			—			—			7,077
Other	(4,383		)	294			(129		)	—			(4,218		)
Investments in consolidated subsidiaries	(138,843		)	25,516			—			113,327			—
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	(143,023		)	(1,301		)	(22,674		)	113,327			(53,671		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of common stock	122,584			—			—			—			122,584
Payments on debt, capital leases, and associated costs	(104,665		)	(9,001		)	(6,885		)	—			(120,551		)
Gold production royalty payments	—			—			(27,155		)	—			(27,155		)
Net intercompany financing activity	26,196			(73,364		)	7,992			39,176			—
Other	323			—			—			—			323
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	44,438			(82,365		)	(26,048		)	39,176			(24,799		)
Effect of exchange rate changes on cash and cash equivalents	—			5			(100		)	—			(95		)
NET CHANGE IN CASH AND CASH EQUIVALENTS	(262		)	17,707			4,358			—			21,803
Cash and cash equivalents at beginning of period	96,123			34,228			70,363			—			200,714
Cash and cash equivalents at end of period	$	95,861		$	51,935		$	74,721		$	—		$	222,517

Condensed Balance Sheet

CONDENSED CONSOLIDATING BALANCE SHEET

SEPTEMBER 30, 2017

In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	95,937		$	45,664		$	94,620		$	—		$	236,221
Receivables	18			11,085			55,312			—			66,415
Ore on leach pads	—			78,801			—			—			78,801
Inventory	—			35,371			36,958			—			72,329
Prepaid expenses and other	7,688			2,985			9,687			—			20,360
	103,643			173,906			196,577			—			474,126
NON-CURRENT ASSETS
Property, plant and equipment, net	3,940			151,765			79,353			—			235,058
Mining properties, net	—			220,022			316,179			—			536,201
Ore on leach pads	—			69,805			—			—			69,805
Restricted assets	13,242			227			7,484			—			20,953
Equity and debt securities	27,558			1,567			—			—			29,125
Receivables	—			—			13,461			—			13,461
Deferred tax assets	—			—			—			—			—
Net investment in subsidiaries	259,259			407			(1,166		)	(258,500		)	—
Other	214,047			10,531			5,168			(206,383		)	23,363
TOTAL ASSETS	$	621,689		$	628,230		$	617,056		$	(464,883	)	$	1,402,092
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	2,492		$	25,975		$	31,721		$	—		$	60,188
Other accrued liabilities	9,381			14,087			27,125			—			50,593
Debt	—			7,885			6,490			—			14,375
Reclamation	—			2,754			850			—			3,604
	11,873			50,701			66,186			—			128,760
NON-CURRENT LIABILITIES
Debt	244,920			22,838			213,148			(206,383		)	274,523
Reclamation	—			82,043			22,462			—			104,505
Deferred tax liabilities	14,978			6,137			56,075			—			77,190
Other long-term liabilities	2,328			4,061			46,188			—			52,577
Intercompany payable (receivable)	(416,947		)	341,431			75,516			—			—
	(154,721		)	456,510			413,389			(206,383		)	508,795
STOCKHOLDERS’ EQUITY
Common stock	1,814			250			172,599			(172,849		)	1,814
Additional paid-in capital	3,318,987			174,111			1,803,807			(1,977,918		)	3,318,987
Accumulated deficit	(2,554,368		)	(49,984		)	(1,838,925		)	1,888,909			(2,554,368		)
Accumulated other comprehensive income (loss)	(1,896		)	(3,358		)	—			3,358			(1,896		)
	764,537			121,019			137,481			(258,500		)	764,537
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	621,689		$	628,230		$	617,056		$	(464,883	)	$	1,402,092

CONDENSED CONSOLIDATING BALANCE SHEET

DECEMBER 31, 2016

In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	58,048		$	50,023		$	54,111		$	—		$	162,182
Receivables	12			6,865			53,554			—			60,431
Ore on leach pads	—			64,167			—			—			64,167
Inventory	—			49,393			56,633			—			106,026
Prepaid expenses and other	3,803			1,459			12,719			—			17,981
	61,863			171,907			177,017			—			410,787
NON-CURRENT ASSETS
Property, plant and equipment, net	3,222			139,885			73,689			—			216,796
Mining properties, net	—			195,791			362,664			—			558,455
Ore on leach pads	—			67,231			—			—			67,231
Restricted assets	10,170			226			7,201			—			17,597
Equity and debt securities	—			4,488			—			—			4,488
Receivables	—			—			30,951			—			30,951
Net investment in subsidiaries	273,056			11,650			—			(284,706		)	—
Other	221,381			9,263			3,344			(221,384		)	12,604
TOTAL ASSETS	$	569,692		$	600,441		$	654,866		$	(506,090	)	$	1,318,909
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	2,153		$	24,921		$	26,261		$	—		$	53,335
Other accrued liabilities	12,881			13,664			16,198			—			42,743
Debt	—			6,516			5,523			—			12,039
Royalty obligations	—			4,995			—			—			4,995
Reclamation	—			2,672			850			—			3,522
	15,034			52,768			48,832			—			116,634
NON-CURRENT LIABILITIES
Debt	175,991			15,214			229,036			(221,384		)	198,857
Royalty obligations	—			4,292			—			—			4,292
Reclamation	—			75,183			20,621			—			95,804
Deferred tax liabilities	13,810			6,179			54,809			—			74,798
Other long-term liabilities	1,993			4,750			53,294			—			60,037
Intercompany payable (receivable)	(405,623		)	336,813			68,810			—			—
	(213,829		)	442,431			426,570			(221,384		)	433,788
STOCKHOLDERS’ EQUITY
Common stock	1,809			250			197,913			(198,163		)	1,809
Additional paid-in capital	3,314,590			181,009			1,864,261			(2,045,270		)	3,314,590
Accumulated deficit	(2,545,424		)	(73,529		)	(1,882,710		)	1,956,239			(2,545,424		)
Accumulated other comprehensive income (loss)	(2,488		)	(2,488		)	—			2,488			(2,488		)
	768,487			105,242			179,464			(284,706		)	768,487
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	569,692		$	600,441		$	654,866		$	(506,090	)	$	1,318,909