Supplemental Guarantor Information (Tables)

12 Months Ended

Dec. 31, 2019

Condensed Financial Information Disclosure [Abstract]

CONSOLIDATING BALANCE SHEET

DECEMBER 31, 2019



In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	2,985		$	27,217		$	25,443		$	—		$	55,645
Receivables	(65		)	5,978			12,753			—			18,666
Ore on leach pads	—			66,192			—			—			66,192
Inventory	—			24,763			31,123			—			55,886
Prepaid expenses and other	6,202			1,192			6,653			—			14,047
	9,122			125,342			75,972			—			210,436
NON-CURRENT ASSETS
Property, plant and equipment, net	2,370			167,159			79,260			—			248,789
Mining properties, net	4,452			327,685			379,818			—			711,955
Ore on leach pads	—			71,539			—			—			71,539
Restricted assets	1,470			206			7,076			—			8,752
Equity and debt securities	35,646			—			—			—			35,646
Receivables	—			—			28,709			—			28,709
Net investment in subsidiaries	325,723			85,755			(85,740		)	(325,738		)	—
Other	267,281			52,040			20,937			(277,448		)	62,810
TOTAL ASSETS	$	646,064		$	829,726		$	506,032		$	(603,186	)	$	1,378,636

LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	1,277		$	26,211		$	41,688		$	—		$	69,176
Other accrued liabilities	9,036			35,547			51,033			—			95,616
Debt	—			15,347			7,399			—			22,746
Reclamation	—			1,628			1,486			—			3,114
	10,313			78,733			101,606			—			190,652
NON-CURRENT LIABILITIES
Debt	226,885			32,989			290,325			(277,448		)	272,751
Reclamation	—			91,524			41,893			—			133,417
Deferred tax liabilities	50			8,104			33,822			—			41,976
Other long-term liabilities	4,225			40,012			28,599			—			72,836
Intercompany payable (receivable)	(262,413		)	246,186			16,227			—			—
	(31,253		)	418,815			410,866			(277,448		)	520,980
STOCKHOLDERS’ EQUITY
Common stock	2,415			20,309			215,792			(236,101		)	2,415
Additional paid-in capital	3,598,472			337,975			1,960,187			(2,298,162		)	3,598,472
Accumulated deficit	(2,933,747		)	(26,106		)	(2,182,419		)	2,208,525			(2,933,747		)
Accumulated other comprehensive income (loss)	(136		)	—			—			—			(136		)
	667,004			332,178			(6,440		)	(325,738		)	667,004
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	646,064		$	829,726		$	506,032		$	(603,186	)	$	1,378,636

CONSOLIDATING BALANCE SHEET

DECEMBER 31, 2018



In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	9,768		$	25,518		$	79,795		$	—		$	115,081
Receivables	5,333			5,505			18,906			—			29,744
Ore on leach pads	—			75,122			—			—			75,122
Inventory	—			31,678			34,601			—			66,279
Prepaid expenses and other	4,378			1,846			5,169			—			11,393
	19,479			139,669			138,471			—			297,619
NON-CURRENT ASSETS
Property, plant and equipment, net	2,755			179,152			116,544			—			298,451
Mining properties, net	4,753			235,638			731,176			—			971,567
Ore on leach pads	—			66,964			—			—			66,964
Restricted assets	4,872			207			7,054			—			12,133
Equity and debt securities	17,797			9			—			—			17,806
Receivables	—			1,301			29,850			—			31,151
Net investment in subsidiaries	594,584			57			284			(594,925		)	—
Other	291,249			11,619			2,169			(288,228		)	16,809
TOTAL ASSETS	$	935,489		$	634,616		$	1,025,548		$	(883,153	)	$	1,712,500

LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	2,181		$	19,244		$	25,785		—			$	47,210
Other accrued liabilities	22,274			14,124			46,221			—			82,619
Debt	—			16,873			8,064			—			24,937
Reclamation	—			1,911			4,641			—			6,552
	24,455			52,152			84,711			—			161,318
NON-CURRENT LIABILITIES
Debt	380,854			36,377			304,886			(288,228		)	433,889
Reclamation	—			84,092			44,902			—			128,994
Deferred tax liabilities	218			3,855			74,997			—			79,070
Other long-term liabilities	2,465			4,639			49,613			—			56,717
Intercompany payable (receivable)	(325,014		)	303,084			21,930			—			—
	58,523			432,047			496,328			(288,228		)	698,670
STOCKHOLDERS’ EQUITY
Common stock	2,033			19,630			214,400			(234,030		)	2,033
Additional paid-in capital	3,443,082			164,506			2,043,869			(2,208,375		)	3,443,082
Accumulated deficit	(2,592,545		)	(33,719		)	(1,813,760		)	1,847,480			(2,592,544		)
Accumulated other comprehensive income (loss)	(59		)	—			—			—			(59		)
	852,511			150,417			444,509			(594,925		)	852,512
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	935,489		$	634,616		$	1,025,548		$	(883,153	)	$	1,712,500

Schedule of Comprehensive Income (Loss)

CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

YEAR ENDED DECEMBER 31, 2019



In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenue	$	—		$	414,548		$	296,954		$	—		$	711,502
COSTS AND EXPENSES
Costs applicable to sales⁽¹⁾	—			300,496			250,685			—			551,181
Amortization	876			81,759			96,241			—			178,876
General and administrative	31,913			808			1,772			—			34,493
Exploration	1,492			12,220			8,815			—			22,527
Impairment of long-lived assets	—			—			250,814			—			250,814
Pre-development, reclamation, and other	346			11,204			6,871			—			18,421
Total costs and expenses	34,627			406,487			615,198			—			1,056,312
OTHER INCOME (EXPENSE), NET
Loss on debt extinguishment	(1,281		)	—			—			—			(1,281		)
Fair value adjustments, net	16,039			(9		)	—			—			16,030
Other, net	18,993			(1,106		)	(3,941		)	(17,139		)	(3,193		)
Interest expense, net of capitalized interest	(20,774		)	(2,591		)	(18,545		)	17,139			(24,771		)
Total other income (expense), net	12,977			(3,706		)	(22,486		)	—			(13,215		)
Income (loss) from continuing operations before income and mining taxes	(21,650		)	4,355			(340,730		)	—			(358,025		)
Income and mining tax (expense) benefit	(1,518		)	(3,750		)	16,397			—			11,129
Income (loss) from continuing operations	(23,168		)	605			(324,333		)	—			(346,896		)
Equity income (loss) in consolidated subsidiaries	(323,728		)	(10,100		)	9,760			324,068			—
Income (loss) from discontinued operations	5,693			—			—			—			5,693
NET INCOME (LOSS)	$	(341,203	)	$	(9,495	)	$	(314,573	)	$	324,068		$	(341,203	)
OTHER COMPREHENSIVE INCOME (LOSS), net of tax:
Unrealized gain (loss) on debt and equity securities	59			—			—			—			59
Unrealized gain (loss) on cash flow hedges	(136		)	—			—			—			(136		)
COMPREHENSIVE INCOME (LOSS)	$	(341,280	)	$	(9,495	)	$	(314,573	)	$	324,068		$	(341,280	)

CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

YEAR ENDED DECEMBER 31, 2018



In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenue	$	—		$	371,248		$	254,656		$	—		$	625,904
COSTS AND EXPENSES
Costs applicable to sales⁽¹⁾	—			285,242			155,708			—			440,950
Amortization	940			61,489			66,044			—			128,473
General and administrative	30,868			398			79			—			31,345
Exploration	1,496			9,294			14,607			—			25,397
Pre-development, reclamation, and other	1,246			11,351			7,446			—			20,043
Total costs and expenses	34,550			367,774			243,884			—			646,208
OTHER INCOME (EXPENSE), NET
Fair value adjustments, net	4,056			(418		)				—			3,638
Other, net	(403		)	617			(9,462		)	(15,457		)	(24,705		)
Interest expense, net of capitalized interest	(21,563		)	(1,479		)	(16,779		)	15,457			(24,364		)
Total other income (expense), net	(17,910		)	(1,280		)	(26,241		)	—			(45,431		)
Income (loss) from continuing operations before income and mining taxes	(52,460		)	2,194			(15,469		)	—			(65,735		)
Income and mining tax (expense) benefit	(548		)	(1,926		)	19,254			—			16,780
Income (loss) from continuing operations	(53,008		)	268			3,785			—			(48,955		)
Equity income (loss) in consolidated subsidiaries	3,593			(608		)	(74		)	(2,911		)	—
Income (loss) from discontinued operations	1,010			(284		)	(176		)	—			550
NET INCOME (LOSS)	$	(48,405	)	$	(624	)	$	3,535		$	(2,911	)	$	(48,405	)
OTHER COMPREHENSIVE INCOME (LOSS), net of tax:
Unrealized gain (loss) on debt securities, net of tax	26									—			26
COMPREHENSIVE INCOME (LOSS)	$	(48,379	)	$	(624	)	$	3,535		$	(2,911	)	$	(48,379	)

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 debt 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

Condensed Cash Flow Statement

CONSOLIDATING STATEMENT OF CASH FLOWS

YEAR ENDED DECEMBER 31, 2019



In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	$	(377,159	)	$	125,325		$	19,646		$	324,068		$	91,880

CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(491		)	(48,324		)	(50,957		)	—			(99,772		)
Proceeds from the sale of assets	—			913			120			—			1,033
Purchase of investments	(5,019		)	(1		)	(3		)	—			(5,023		)
Sales of investments	2,109			—			—			—			2,109
Proceeds from notes receivable	7,168			—			—			—			7,168
Other	2,051			32			(164		)	—			1,919
Investments in consolidated subsidiaries	323,561			180			327			(324,068		)	—
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	329,379			(47,200		)	(50,677		)	(324,068		)	(92,566		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of common stock	123,059			—			—			—			123,059
Issuance of notes and bank borrowings, net of issuance costs	60,000			—			—			—			60,000
Payments on debt, capital leases, and associated costs	(195,878		)	(17,364		)	(8,612		)	—			(221,854		)
Silvertip contingent consideration	—			—			(18,697		)	—			(18,697		)
Net intercompany financing activity	57,930			(59,061		)	1,131			—			—
Other	(3,404		)	—			—			—			(3,404		)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	41,707			(76,425		)	(26,178		)	—			(60,896		)
Effect of exchange rate changes on cash and cash equivalents	—			(2		)	533			—			531
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	(6,073		)	1,698			(56,676		)	—			(61,051		)
Cash, cash equivalents and restricted cash at beginning of period	12,748			25,540			79,781			—			118,069
Cash, cash equivalents and restricted cash at end of period	$	6,675		$	27,238		$	23,105		$	—		$	57,018

CONSOLIDATING STATEMENT OF CASH FLOWS

YEAR ENDED DECEMBER 31, 2018



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	$	(45,313	)	$	55,656		$	12,676		$	(2,911	)	20,108
Cash provided by (used in) activities of discontinued operations	—			—			(2,690		)	—			(2,690		)
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	(45,313		)	55,656			9,986			(2,911		)	17,418

CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(390		)	(58,040		)	(82,357		)	—			(140,787		)
Proceeds from the sale of assets	23			446			108			—			577
Purchase of investments	(431		)	—			5			—			(426		)
Sales of investments	11,694			1,019			—			—			12,713
Acquisitions, net of cash acquired	—			—			6,914			—			6,914
Proceeds from notes receivable	19,000			—			—			—			19,000
Other	46			217			(252		)	—			11
Investments in consolidated subsidiaries	(6,288		)	159			3,218			2,911			—
Cash provided by (used in) activities of continuing operations	23,654			(56,199		)	(72,364		)	2,911			(101,998		)
Cash provided by (used in) activities of discontinued operations	—			—			(28,470		)	—			(28,470		)
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	23,654			(56,199		)	(100,834		)	2,911			(130,468		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of notes and bank borrowings, net of issuance costs	95,000			—			—			—			95,000
Payments on debt, capital leases, and associated costs	(60,826		)	(12,239		)	(21,994		)	—			(95,059		)
Net intercompany financing activity	(50,640		)	(13,906		)	64,546			—			—
Other	(5,160		)	—			—			—			(5,160		)
Cash provided by (used in) activities of continuing operations	(21,626		)	(26,145		)	42,552			—			(5,219		)
Cash provided by (used in) activities of discontinued operations	—			—			(22		)	—			(22		)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	(21,626		)	(26,145		)	42,530			—			(5,241		)
Effect of exchange rate changes on cash and cash equivalents	—			(11		)	39			—			28
Less net cash provided by (used in) discontinued operations	—			—			(32,930		)	—			(32,930		)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	(43,285		)	(26,699		)	(15,349		)	—			(85,333		)
Cash, cash equivalents and restricted cash at beginning of period	56,033			52,239			95,130			—			203,402
Cash, cash equivalents and restricted cash at end of period	$	12,748		$	25,540		$	79,781		$	—		$	118,069

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		)	—			—			—			(156,248		)
Other	62			—			2,802			—			2,864
Investments in consolidated subsidiaries	(34,419		)	12,911			(881		)	22,389			—
Cash provided by (used in) activities of continuing operations	(189,529		)	(63,991		)	(46,019		)	22,389			(277,150		)
Cash provided by (used in) activities of discontinued operations	—			—			(1,392		)	—			(1,392		)
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	(189,529		)	(63,991		)	(47,411		)	22,389			(278,542		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of notes and bank borrowings	342,620			—			—			—			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	(10,304		)	2,216			84,889			—			76,801
Cash and cash equivalents at beginning of period	66,337			50,023			10,241						126,601
Cash and cash equivalents at end of period	$	56,033		$	52,239		$	95,130		$	—		$	203,402