Supplemental Guarantor Information

3 Months Ended

Mar. 31, 2022

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

MARCH 31, 2022

In thousands	Coeur Mining, Inc.		Guarantor Subsidiaries
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	4,035	$	18,949
Receivables	4,569		7,553
Ore on leach pads	—		89,406
Inventory	—		26,815
Prepaid expenses and other	8,808		1,114
	17,412		143,837
NON-CURRENT ASSETS
Property, plant and equipment, net	1,343		203,363
Mining properties, net	11,200		559,217
Ore on leach pads	—		73,133
Restricted assets	1,493		206
Equity securities	161,894		—
Net investment in subsidiaries	772,325		54,326
Other	47,455		51,214
TOTAL ASSETS	$	1,013,122	$	1,085,296
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	1,740	$	64,113
Other accrued liabilities	9,629		54,189
Debt	—		24,538
Reclamation	—		1,561
	11,369		144,401
NON-CURRENT LIABILITIES
Debt	451,522		65,909
Reclamation	—		127,268
Deferred tax liabilities	920		7,456
Other long-term liabilities	3,142		18,956
Intercompany payable (receivable)	(353,805)		341,389
	101,779		560,978
STOCKHOLDERS’ EQUITY
Common stock	2,808		19,417
Additional paid-in capital	3,834,896		340,700
Accumulated deficit	(2,931,760)		19,800
Accumulated other comprehensive income (loss)	(5,970)		—
	899,974		379,917
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	1,013,122	$	1,085,296

SUMMARIZED BALANCE SHEET

DECEMBER 31, 2021

In thousands	Coeur Mining, Inc.		Guarantor Subsidiaries
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	2,499	$	16,126
Receivables	(14)		5,607
Ore on leach pads	—		81,128
Inventory	—		24,954
Prepaid expenses and other	8,660		813
	11,145		128,628
NON-CURRENT ASSETS
Property, plant and equipment, net	1,476		188,721
Mining properties, net	—		514,397
Ore on leach pads	—		73,495
Restricted assets	1,496		206
Equity and debt securities	132,197		—
Net investment in subsidiaries	794,254		56,623
Other	47,317		53,511
TOTAL ASSETS	$	987,885	$	1,015,581
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	1,624	$	59,463
Other accrued liabilities	16,729		45,676
Debt	—		23,608
Reclamation	—		1,561
	18,353		130,308
NON-CURRENT LIABILITIES
Debt	463,318		53,166
Reclamation	—		125,695
Deferred tax liabilities	751		7,422
Other long-term liabilities	3,266		20,826
Intercompany payable (receivable)	(298,065)		286,655
	169,270		493,764
STOCKHOLDERS’ EQUITY
Common stock	2,569		19,356
Additional paid-in capital	3,738,347		340,701
Accumulated deficit	(2,939,442)		31,452
Accumulated other comprehensive income (loss)	(1,212)		—
	800,262		391,509
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	987,885	$	1,015,581

SUMMARIZED STATEMENTS OF INCOME

THREE MONTHS ENDED MARCH 31, 2022

In thousands	Coeur Mining, Inc.		Guarantor Subsidiaries
Revenue	$	—	$	105,331
Gross profit (loss)	$	(208)	$	(289)
Net income (loss)	$	7,682	$	(11,592)