Supplemental Guarantor Information

6 Months Ended

Jun. 30, 2021

Condensed Financial Information Disclosure [Abstract]

SUPPLEMENTAL GUARANTOR INFORMATION

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

JUNE 30, 2021

In thousands	Coeur Mining, Inc.		Guarantor Subsidiaries
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	10,609	$	42,809
Receivables	371		6,337
Ore on leach pads	—		81,773
Inventory	—		30,214
Prepaid expenses and other	15,177		937
	26,157		162,070
NON-CURRENT ASSETS
Property, plant and equipment, net	2,011		168,054
Mining properties, net	—		410,124
Ore on leach pads	—		73,487
Restricted assets	1,489		206
Equity and debt securities	174,370		—
Net investment in subsidiaries	602,617		64,010
Other	201,420		54,738
TOTAL ASSETS	$	1,008,064	$	932,689
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	4,256	$	62,127
Other accrued liabilities	22,267		43,690
Debt	—		21,037
Reclamation	—		1,584
	26,523		128,438
NON-CURRENT LIABILITIES
Debt	367,804		36,567
Reclamation	—		95,687
Deferred tax liabilities	5,345		8,630
Other long-term liabilities	3,569		25,070
Intercompany payable (receivable)	(263,586)		240,016
	113,132		405,970
STOCKHOLDERS’ EQUITY
Common stock	2,570		19,356
Additional paid-in capital	3,732,296		340,700
Accumulated deficit	(2,873,914)		38,225
Accumulated other comprehensive income (loss)	7,457		—
	868,409		398,281
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	1,008,064	$	932,689

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

SIX MONTHS ENDED JUNE 30, 2021

In thousands	Coeur Mining, Inc.		Guarantor Subsidiaries
Revenue	$	—	$	251,595
Gross profit (loss)	$	(313)	$	44,766
Income (loss) from continuing operations	$	34,206	$	9,976
Net income (loss)	$	34,206	$	9,976