Supplemental Guarantor Information

3 Months Ended

Mar. 31, 2021

Condensed Financial Information Disclosure [Abstract]

SUPPLEMENTAL GUARANTOR INFORMATIONThe following summarized financial information is presented to satisfy disclosure requirements of Rule 13-01 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, Coeur Capital, Inc., Coeur Sterling, Inc., Sterling Intermediate Holdco, Inc., and Coeur Sterling Holdings LLC (collectively, the “Subsidiary Guarantors”) of the 2029 Senior Notes. The following schedules present summarized financial information of (a) Coeur, the parent company and (b) the Subsidiary Guarantors (collectively the “Obligor Group”). The summarized financial information of the Obligor Group is presented on a combined basis with intercompany balances and transactions between entities in the Obligor Group eliminated. The Obligor Group’s amounts due from, amounts due to and transactions with certain wholly-owned domestic and foreign subsidiaries of the Company have been presented in separate line items, if they are material. 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.

SUMMARIZED BALANCE SHEET

MARCH 31, 2021


In thousands	Coeur Mining, Inc.		Guarantor Subsidiaries
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	79,288	$	33,008
Receivables	396		5,431
Ore on leach pads	—		78,689
Inventory	—		27,526
Prepaid expenses and other	21,664		854

	101,348		145,508
NON-CURRENT ASSETS
Property, plant and equipment, net	1,987		156,359
Mining properties, net	—		373,135
Ore on leach pads	—		87,723
Restricted assets	1,481		206
Equity and debt securities	8,209		—

Net investment in subsidiaries	554,504		69,106
Other	195,236		54,160
TOTAL ASSETS	$	862,765	$	886,197

LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	1,956	$	54,978
Other accrued liabilities	6,598		34,684
Debt	—		13,709
Reclamation	—		1,584

	8,554		104,955
NON-CURRENT LIABILITIES
Debt	367,572		35,970

Reclamation	—		94,718
Deferred tax liabilities	151		8,597
Other long-term liabilities	3,643		27,374
Intercompany payable (receivable)	(237,661)		214,056
	133,705		380,715
STOCKHOLDERS’ EQUITY
Common stock	2,435		19,356
Additional paid-in capital	3,610,631		340,700
Accumulated deficit	(2,906,060)		40,471
Accumulated other comprehensive income (loss)	13,500		—
	720,506		400,527
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	862,765	$	886,197

SUMMARIZED BALANCE SHEET

DECEMBER 31, 2020


In thousands	Coeur Mining, Inc.		Guarantor Subsidiaries
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	12,727	$	28,515
Receivables	381		3,631
Ore on leach pads	—		74,866
Inventory	—		27,223
Prepaid expenses and other	20,872		1,375

	33,980		135,610
NON-CURRENT ASSETS
Property, plant and equipment, net	1,946		148,640
Mining properties, net	—		353,818
Ore on leach pads	—		81,963
Restricted assets	1,482		206
Equity and debt securities	12,943		—

Net investment in subsidiaries	514,705		72,785
Other	198,587		51,528
TOTAL ASSETS	$	763,643	$	844,550

LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	1,978	$	52,177
Other accrued liabilities	36,183		46,023
Debt	—		14,506

Reclamation	—		1,584

	38,161		114,290
NON-CURRENT LIABILITIES
Debt	227,592		33,321

Reclamation	—		93,349
Deferred tax liabilities	100		8,457
Other long-term liabilities	3,629		29,916
Intercompany payable (receivable)	(199,318)		176,914
	32,003		341,957
STOCKHOLDERS’ EQUITY
Common stock	2,438		20,401
Additional paid-in capital	3,610,297		340,700
Accumulated deficit	(2,908,120)		27,202
Accumulated other comprehensive income (loss)	(11,136)		—
	693,479		388,303
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	763,643	$	844,550

SUMMARIZED STATEMENTS OF INCOME

THREE MONTHS ENDED MARCH 31, 2021


In thousands	Coeur Mining, Inc.		Guarantor Subsidiaries
Revenue	$	—	$	121,770


Gross profit (loss)	$	(153)	$	27,971

















Income (loss) from continuing operations	$	2,060	$	12,223
Net income (loss)	$	2,060	$	12,223