SUPPLEMENTAL GUARANTOR INFORMATION

The following 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 its subsidiaries, and Coeur Capital, Inc. (collectively, the “Subsidiary Guarantors”) of the 2024 Senior Notes. The following schedules present 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 and joint and several obligations. There are no restrictions on the ability of Coeur to obtain funds from the Subsidiary Guarantors by dividend or loan.

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

YEAR ENDED DECEMBER 31, 2017



In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenue	$	—		$	433,050		$	276,548		$	—		$	709,598
COSTS AND EXPENSES
Costs applicable to sales⁽¹⁾	—			293,340			146,920			—			440,260
Amortization	1,157			71,340			74,052			—			146,549
General and administrative	33,379			28			209			—			33,616
Exploration	1,592			13,689			15,030			—			30,311
Pre-development, reclamation, and other	4,705			7,497			6,734			—			18,936
Total costs and expenses	40,833			385,894			242,945			—			669,672
OTHER INCOME (EXPENSE), NET
Loss on debt extinguishments	(9,342		)	—			—			—			(9,342		)
Fair value adjustments, net	—			(864		)	—			—			(864		)
Other, net	21,254			2,936			10,179			(7,726		)	26,643
Interest expense, net of capitalized interest	(14,657		)	(975		)	(8,534		)	7,726			(16,440		)
Total other income (expense), net	(2,745		)	1,097			1,645			—			(3		)
Income (loss) from continuing operations before income and mining taxes	(43,578		)	48,253			35,248			—			39,923
Income and mining tax (expense) benefit	2,170			(5,758		)	(25,410		)	—			(28,998		)
Income (loss) from continuing operations	(41,408		)	42,495			9,838			—			10,925
Equity income (loss) in consolidated subsidiaries	40,089			(577		)	4,416			(43,928		)	—
Income (loss) from discontinued operations	—			—			(12,244		)	—			(12,244		)
NET INCOME (LOSS)	$	(1,319	)	$	41,918		$	2,010		$	(43,928	)	$	(1,319	)
OTHER COMPREHENSIVE INCOME (LOSS), net of tax:
Unrealized gain (loss) on marketable securities, net of tax	3,227			915			—			(915		)	3,227
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	1,354			486			—			(486		)	1,354
Other comprehensive income (loss)	5,007			1,827			—			(1,827		)	5,007
COMPREHENSIVE INCOME (LOSS)	$	3,688		$	43,745		$	2,010		$	(45,755	)	$	3,688

(1) Excludes amortization.

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

YEAR ENDED DECEMBER 31, 2016



In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenue	$	—		$	423,488		$	148,409		$	—		$	571,897
COSTS AND EXPENSES
Costs applicable to sales⁽¹⁾	—			252,836			82,539			—			335,375
Amortization	1,558			77,392			37,578			—			116,528
COSTS AND EXPENSES
General and administrative	28,704			250			321			—			29,275
Exploration	1,596			6,127			5,207			—			12,930
Write-downs	—			—			4,446			—			4,446
Pre-development, reclamation, and other	2,044			5,839			6,528			—			14,411
Total costs and expenses	33,902			342,444			136,619			—			512,965
OTHER INCOME (EXPENSE), NET
Loss on debt extinguishments	(21,365		)	—			—			—			(21,365		)
Fair value adjustments, net	(1,635		)	(4,133		)	(5,813		)	—			(11,581		)
Other, net	4,357			2,139			(1,314		)	(5,084		)	98
Interest expense, net of capitalized interest	(35,158		)	(861		)	(5,961		)	5,084			(36,896		)
Total other income (expense), net	(53,801		)	(2,855		)	(13,088		)	—			(69,744		)
Income (loss) from continuing operations before income and mining taxes	(87,703		)	78,189			(1,298		)	—			(10,812		)
Income and mining tax (expense) benefit	11,733			(7,517		)	29,031			—			33,247
Income (loss) from continuing operations	(75,970		)	70,672			27,733			—			22,435
Equity income (loss) in consolidated subsidiaries	131,322			(4,353		)	—			(126,969		)	—
Income (loss) from discontinued operations	—			—			32,917			—			32,917
NET INCOME (LOSS)	$	55,352		$	66,319		$	60,650		$	(126,969	)	$	55,352
OTHER COMPREHENSIVE INCOME (LOSS), net of tax:
Unrealized gain (loss) on marketable securities, net of tax	3,222			3,156			—			(3,156		)	3,222
Reclassification adjustments for impairment of equity securities, net of tax	703			703			—			(703		)	703
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)	1,234			678			—			(678		)	1,234
COMPREHENSIVE INCOME (LOSS)	$	56,586		$	66,997		$	60,650		$	(127,647	)	$	56,586

(1) Excludes amortization.

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		$	183,129		$	—		$	561,407
COSTS AND EXPENSES
Costs applicable to sales⁽¹⁾	—			261,830			141,997			—			403,827
Amortization	1,991			83,325			40,637			—			125,953
COSTS AND EXPENSES
General and administrative	32,405			35			196			—			32,636
Exploration	2,265			3,931			5,325			—			11,521
Write-downs	—			1,630			244,995			—			246,625
Pre-development, reclamation, and other	4,083			5,920			6,201			—			16,204
Total costs and expenses	40,744			356,671			439,351			—			836,766
OTHER INCOME (EXPENSE), NET
Gain on debt extinguishments	15,916			—			—			—			15,916
Fair value adjustments, net	1,224			818			3,160			—			5,202
Other, net	4,336			(3,106		)	(15,121		)	(3,776		)	(17,667		)
Interest expense, net of capitalized interest	(39,867		)	(966		)	(7,921		)	3,776			(44,978		)
Total other income (expense), net	(18,391		)	(3,254		)	(19,882		)	—			(41,527		)
Income (loss) from continuing operations before income and mining taxes	(59,135		)	18,353			(276,104		)	—			(316,886		)
Income and mining tax (expense) benefit	1,827			(2,354		)	29,602			—			29,075
Income (loss) from continuing operations	(57,308		)	15,999			(246,502		)	—			(287,811		)
Equity income (loss) in consolidated subsidiaries	(309,875		)	(14,814		)	—			324,689			—
Income (loss) from discontinued operations	—			—			(79,372		)	—			(79,372		)
NET INCOME (LOSS)	$	(367,183	)	$	1,185		$	(325,874	)	$	324,689		$	(367,183	)
OTHER COMPREHENSIVE INCOME (LOSS), net of tax:
Unrealized gain (loss) on equity securities, net of tax	(4,154		)	(3,118		)	—			3,118			(4,154		)
Reclassification adjustments for impairment of equity securities, net of tax	2,346			2,346			—			(2,346		)	2,346
Reclassification adjustments for realized loss on sale of equity securities, net of tax	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	)

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

YEAR ENDED DECEMBER 31, 2017



In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries				Non-Guarantor Subsidiaries			Eliminations			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Cash provided by (used in) activities of continuing operations	$	(8,470	)	$	118,667			$	130,491		$	(43,528	)	197,160
Cash provided by (used in) activities of discontinued operations	—			—				11,296			—			11,296
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	(8,470		)	118,667				141,787			(43,528		)	208,456

CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(1,941		)	(85,967		)		(48,826		)	—			(136,734		)
Proceeds from the sale of assets	8,917			6,902				886			—			16,705
Purchase of investments	(15,057		)	(1		)		—			—			(15,058		)
Sales of investments	9,157			2,164				—			—			11,321
Acquisitions, net of cash acquired	(156,248		)	—			52,577	—			—			(156,248		)
Other	(3,020		)	—				2,803			—			(217		)
Investments in consolidated subsidiaries	(34,419		)	12,911				(881		)	22,389			—
Cash provided by (used in) activities of continuing operations	(192,611		)	(63,991		)		(46,018		)	22,389			(280,231		)
Cash provided by (used in) activities of discontinued operations	—			—				(1,392		)	—			(1,392		)
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	(192,611		)	(63,991		)		(47,410		)	22,389			(281,623		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of notes and bank borrowings	342,620			—			52,577	—			—			342,620
Payments on debt, capital leases, and associated costs	(185,538		)	(7,926		)		(9,581		)	—			(203,045		)
Net intercompany financing activity	34,359			(44,540		)		9,801			380			—
Other	(3,746		)	—				—			—			(3,746		)
Cash provided by (used in) activities of continuing operations	187,695			(52,466		)		220			380			135,829
Cash provided by (used in) activities of discontinued operations	—			—				(20,843		)	20,759			(84		)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	187,695			(52,466		)		(20,623		)	21,139			135,745
Effect of exchange rate changes on cash and cash equivalents	—			6				197			—			203
Less net cash provided by (used in) discontinued operations	—			—				(10,939		)	—			(10,939		)
NET CHANGE IN CASH AND CASH EQUIVALENTS	(13,386		)	2,216				84,890			—			73,720
Cash and cash equivalents at beginning of period	58,048			50,023				10,241			—			118,312
Cash and cash equivalents at end of period	$	44,662		$	52,239			$	95,131		$	—		$	192,032

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

YEAR ENDED DECEMBER 31, 2016



In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Cash provided by (used in) activities of continuing operations	$	62,207		$	134,892		$	26,331		$	(126,969	)	96,461
Cash provided by (used in) activities of discontinued operations	—			—			29,356			—			29,356
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	62,207			134,892			55,687			(126,969		)	125,817

CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(246		)	(58,084		)	(36,052		)	—			(94,382		)
Proceeds from the sale of assets	—			4,800			11,496			—			16,296
Purchase of investments	(178		)	—			—			—			(178		)
Sales of investments	501			6,576			—			—			7,077
Acquisitions, net of cash acquired	—			—			(1,417		)	—			(1,417		)
Other	(4,396		)	368			(180		)	—			(4,208		)
Investments in consolidated subsidiaries	(107,855		)	25,047			—			82,808			—
Cash provided by (used in) activities of continuing operations	(112,174		)	(21,293		)	(26,153		)	82,808			(76,812		)
Cash provided by (used in) activities of discontinued operations	—			—			(6,631		)	—			(6,631		)
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	(112,174		)	(21,293		)	(32,784		)	82,808			(83,443		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on debt, capital leases, and associated costs	(303,686		)	(10,894		)	(3,573		)	—			(318,153		)
Gold production royalty payments	—			—			(27,155		)	—			(27,155		)
Net intercompany financing activity	45,850			(86,914		)	13,404			27,660			—
Issuance of common stock	269,556			—			—			—			269,556
Other	172			—			—			—			172
Cash provided by (used in) activities of continuing operations	11,892			(97,808		)	(17,324		)	27,660			(75,580		)
Cash provided by (used in) activities of discontinued operations	—			—			(21,149		)	16,501			(4,648		)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	11,892			(97,808		)	(38,473		)	44,161			(80,228		)
Effect of exchange rate changes on cash and cash equivalents	—			4			(682		)	—			(678		)
Less net cash provided by (used in) discontinued operations	—			—			1,576			—			1,576
NET CHANGE IN CASH AND CASH EQUIVALENTS	(38,075		)	15,795			(17,828		)	—			(40,108		)
Cash and cash equivalents at beginning of period	96,123			34,228			28,069			—			158,420
Cash and cash equivalents at end of period	$	58,048		$	50,023		$	10,241		$	—		$	118,312

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) activities of continuing operations	$	(377,091	)	$	86,486		$	53,328		$	324,689		87,412
Cash provided by (used in) activities of discontinued operations	—			—			26,130			—			26,130
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		)	(36,083		)	—			(88,973		)
Proceeds from the sale of assets	—			289			318			—			607
Purchase of investments	(1,880		)	—			—			—			(1,880		)
Sales of investments	2			532			71			—			605
Acquisitions, net of cash acquired	(110,846		)	—			—			—			(110,846		)
Other	(4,710		)	234			(110		)	—			(4,586		)
Investments in consolidated subsidiaries	282,041			20,239			120			(302,400		)	—
Cash provided by (used in) activities of continuing operations	164,093			(31,082		)	(35,684		)	(302,400		)	(205,073		)
Cash provided by (used in) activities of discontinued operations	—			—			(6,220		)	—			(6,220		)
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			—			—			—			150,000
Payments on debt, capital leases, and associated costs	(62,930		)	(7,428		)	(245		)	—			(70,603		)
Gold production royalty payments	—			—			(39,235		)	—			(39,235		)
Net intercompany financing activity	12,232			(19,518		)	27,321			(20,035		)	—
Other	(542		)	—			—			—			(542		)
Cash provided by (used in) activities of continuing operations	98,760			(26,946		)	(12,159		)	(20,035		)	39,620
Cash provided by (used in) activities of discontinued operations	—			—			(8,358		)	(2,254		)	(10,612		)
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		)
Less net cash provided by (used in) discontinued operations	—			—			11,552			—			11,552
NET CHANGE IN CASH AND CASH EQUIVALENTS	(114,238		)	28,447			4,092			—			(81,699		)
Cash and cash equivalents at beginning of period	210,361			5,781			23,977			—			240,119
Cash and cash equivalents at end of period	$	96,123		$	34,228		$	28,069		$	—		$	158,420

CONDENSED CONSOLIDATING BALANCE SHEET

DECEMBER 31, 2017



In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	44,662		$	52,239		$	95,131		$	—		$	192,032
Receivables	137			7,922			11,010			—			19,069
Ore on leach pads	—			73,752			—			—			73,752
Inventory	—			29,769			28,461			—			58,230
Prepaid expenses and other	7,824			2,816			4,413			—			15,053
Assets held for sale	—			—			91,421			—			91,421
	52,623			166,498			230,436			—			449,557
NON-CURRENT ASSETS
Property, plant and equipment, net	4,007			161,487			89,243			—			254,737
Mining properties, net	—			216,281			613,288			—			829,569
Ore on leach pads	—			65,393			—			—			65,393
Restricted assets	13,251			227			7,369			—			20,847
Equity and debt securities	33,569			1,268			—			—			34,837
Receivables	—			—			28,750			—			28,750
Net investment in subsidiaries	422,074			223			(18		)	(422,279		)	—
Other	320,335			11,040			2,854			(316,744		)	17,485
TOTAL ASSETS	$	845,859		$	622,417		$	971,922		$	(739,023	)	$	1,701,175

LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	3,607		$	24,534		$	20,451		$	—		$	48,592
Other accrued liabilities	13,205			19,262			62,463			—			94,930
Debt	—			9,215			21,538			—			30,753
Royalty obligations	—			—			—			—			—
Reclamation	—			2,313			1,464			—			3,777
Liabilities held for sale	—			—			50,677			—			50,677
	16,812			55,324			156,593			—			228,729
NON-CURRENT LIABILITIES
Debt	345,088			28,313			323,912			(316,744		)	380,569
Reclamation	—			82,021			35,034			—			117,055
Deferred tax liabilities	4,110			5,127			95,911			—			105,148
Other long-term liabilities	2,311			3,063			49,323			—			54,697
Intercompany payable (receivable)	(337,439		)	317,759			19,680			—			—
	14,070			436,283			523,860			(316,744		)	657,469
STOCKHOLDERS’ EQUITY
Common stock	1,856			19,630			195,020			(214,650		)	1,856
Additional paid-in capital	3,357,345			149,194			1,885,046			(2,034,240		)	3,357,345
Accumulated deficit	(2,546,743		)	(34,551		)	(1,788,597		)	1,823,148			(2,546,743		)
Accumulated other comprehensive income (loss)	2,519			(3,463		)	—			3,463			2,519
	814,977			130,810			291,469			(422,279		)	814,977
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	845,859		$	622,417		$	971,922		$	(739,023	)	$	1,701,175

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		$	10,241		$	—		$	118,312
Receivables	12			6,865			46,538			—			53,415
Ore on leach pads	—			64,167			—			—			64,167
Inventory	—			49,393			44,043			—			93,436
Prepaid expenses and other	3,803			1,459			4,753			—			10,015
Assets held for sale	—			—			71,442			—			71,442
	61,863			171,907			177,017			—			410,787
NON-CURRENT ASSETS
Property, plant and equipment, net	3,222			139,885			50,316			—			193,423
Mining properties, net	—			195,791			354,499			—			550,290
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	—			—			13,745			—			13,745
Net investment in subsidiaries	273,056			11,650			—			(284,706		)	—
Other	221,381			9,263			3,500			(221,559		)	12,585
Assets held for sale	—			—			48,763			—			48,763
TOTAL ASSETS	$	569,692		$	600,441		$	655,041		$	(506,265	)	$	1,318,909

LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	2,153		$	24,921		$	17,586		$	—		$	44,660
Other accrued liabilities	12,881			13,664			9,900			—			36,445
Debt	—			6,516			5,439			—			11,955
Royalty obligations	—			4,995			—			—			4,995
Reclamation	—			2,672			437			—			3,109
Liabilities held for sale	—			—			15,470			—			15,470
	15,034			52,768			48,832			—			116,634
NON-CURRENT LIABILITIES
Debt	175,991			15,214			229,036			(221,559		)	198,682
Royalty obligations	—			4,292			—			—			4,292
Reclamation	—			75,183			10,409			—			85,592
Deferred tax liabilities	13,810			6,179			49,822			—			69,811
Other long-term liabilities	1,993			4,750			34,911			—			41,654
Intercompany payable (receivable)	(405,623		)	336,813			68,810			—			—
Liabilities held for sale	—			—			33,757			—			33,757
	(213,829		)	442,431			426,745			(221,559		)	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		$	655,041		$	(506,265	)	$	1,318,909