SUPPLEMENTAL GUARANTOR INFORMATION

The following Condensed 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., and Coeur Capital, Inc. (collectively, the “Subsidiary Guarantors”) of the $434.9 million aggregate principal amount of Senior Notes. The following schedules present Condensed 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. There are no restrictions on the ability of Coeur to obtain funds from its subsidiaries by dividend or loan.

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

YEAR ENDED DECEMBER 31, 2014



In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenue	$	—		$	261,963		$	373,779		$	—		$	635,742
COSTS AND EXPENSES
Costs applicable to sales⁽¹⁾	—			196,805			281,140			—			477,945
Amortization	1,805			65,100			95,531			—			162,436
General and administrative	39,976			6			863			—			40,845
Exploration	3,560			11,157			7,023			—			21,740
Write-downs	—			107,832			1,364,889			—			1,472,721
Pre-development, reclamation, and other	8,813			3,889			13,335			—			26,037
Total costs and expenses	54,154			384,789			1,762,781			—			2,201,724
OTHER INCOME (EXPENSE), NET
Fair value adjustments, net	1,812			3,653			(1,847		)	—			3,618
Impairment of equity securities	—			(6,593		)	—			—			(6,593		)
Interest income and other, net	4,406			(430		)	227			(2,828		)	1,375
Interest expense, net of capitalized interest	(38,389		)	(891		)	(11,094		)	2,828			(47,546		)
Total other income (expense), net	(32,171		)	(4,261		)	(12,714		)	—			(49,146		)
Income (Loss) before income and mining taxes	(86,325		)	(127,087		)	(1,401,716		)	—			(1,615,128		)
Income and mining tax (expense) benefit	1,742			(2,224		)	459,726			—			459,244
Income (Loss) after income and mining taxes	(84,583		)	(129,311		)	(941,990		)	—			(1,155,884		)
Equity income (loss) in consolidated subsidiaries	(1,071,301		)	(4,181		)	—			1,075,482			—
NET INCOME (LOSS)	$	(1,155,884	)	$	(133,492	)	$	(941,990	)	$	1,075,482		$	(1,155,884	)
OTHER COMPREHENSIVE INCOME (LOSS), net of tax:
Unrealized gain (loss) on equity securities, net of tax	(2,290		)	(2,272		)	—			2,272			(2,290		)
Reclassification adjustments for impairment of equity securities, net of tax	4,042			4,042			—			(4,042		)	4,042
Reclassification adjustments for realized loss on sale of equity securities, net of tax	346			328			—			(328		)	346
Other comprehensive income (loss)	2,098			2,098			—			(2,098		)	2,098
COMPREHENSIVE INCOME (LOSS)	$	(1,153,786	)	$	(131,394	)	$	(941,990	)	$	1,073,384		$	(1,153,786	)

(1) Excludes amortization.

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

YEAR ENDED DECEMBER 31, 2013



In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenue	$	—		$	268,023		$	477,971		$	—		$	745,994
COSTS AND EXPENSES
Costs applicable to sales⁽¹⁾	—			182,444			281,219			—			463,663
Amortization	1,066			71,655			156,843			—			229,564
General and administrative	50,213			3,245			1,885			—			55,343
Exploration	1,602			8,920			11,838			—			22,360
Litigation settlement	—			32,046			—			—			32,046
Write-downs	—			130,694			642,299			—			772,993
Pre-development, reclamation, and other	—			3,093			12,091			—			15,184
Total costs and expenses	52,881			432,097			1,106,175			—			1,591,153
OTHER INCOME (EXPENSE), NET
Fair value adjustments, net	(1,346		)	7,896			76,218			—			82,768
Impairment of equity securities	(18,097		)	(211		)	—			—			(18,308		)
Interest income and other, net	13,408			(1,539		)	4,602			(3,148		)	13,323
Interest expense, net of capitalized interest	(25,652		)	(445		)	(18,354		)	3,148			(41,303		)
Total other income (expense), net	(31,687		)	5,701			62,466			—			36,480
Income (Loss) before income and mining taxes	(84,568		)	(158,373		)	(565,738		)	—			(808,679		)
Income and mining tax (expense) benefit	78,332			(155		)	79,939			—			158,116
Income (Loss) after income and mining taxes	(6,236		)	(158,528		)	(485,799		)	—			(650,563		)
Equity income (loss) in consolidated subsidiaries	(644,327		)	(68		)	—			644,395			—
NET INCOME (LOSS)	$	(650,563	)	$	(158,596	)	$	(485,799	)	$	644,395		$	(650,563	)
OTHER COMPREHENSIVE INCOME (LOSS), net of tax:
Unrealized gain (loss) on equity securities, net of tax	(8,489		)	(552		)	—			552			(8,489		)
Reclassification adjustments for impairment of equity securities, net of tax	11,221			211			—			(211		)	11,221
Reclassification adjustments for realized loss on sale of equity securities, net of tax	83			—			—			—			83
Other comprehensive income (loss)	2,815			(341		)	—			341			2,815
COMPREHENSIVE INCOME (LOSS)	$	(647,748	)	$	(158,937	)	$	(485,799	)	$	644,736		$	(647,748	)

(1) Excludes amortization.

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

YEAR ENDED DECEMBER 31, 2012



In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenue	$	—		$	243,380		$	652,112		$	—		$	895,492
COSTS AND EXPENSES
Costs applicable to sales⁽¹⁾	—			159,151			295,411			—			454,562
Amortization	521			48,065			167,446			—			216,032
General and administrative	30,699			1,101			1,177			—			32,977
Exploration	1,946			7,930			16,394			—			26,270
Write-downs	—			—			5,825			—			5,825
Pre-development, reclamation, and other	—			1,323			2,763			—			4,086
Total costs and expenses	33,166			217,570			489,016			—			739,752
Loss on debt extinguishments	—			(1,036		)	—			—			(1,036		)
Fair value adjustments, net	3,477			4,089			(31,053		)	—			(23,487		)
Impairment of equity securities	(605		)	—			—			—			(605		)
Interest income and other, net	5,744			859			13,071			(4,633		)	15,041
Interest expense, net of capitalized interest	(4,158		)	(2,997		)	(23,647		)	4,633			(26,169		)
Total other income (expense), net	4,458			915			(41,629		)	—			(36,256		)
Income (Loss) before income and mining taxes	(28,708		)	26,725			121,467			—			119,484
Income and mining tax (expense) benefit	(3,844		)	(2,930		)	(64,033		)	—			(70,807		)
Income (Loss) after income and mining taxes	(32,552		)	23,795			57,434			—			48,677
Equity income (loss) in consolidated subsidiaries	81,229			—			—			(81,229		)	—
NET INCOME (LOSS)	$	48,677		$	23,795		$	57,434		$	(81,229	)	$	48,677
OTHER COMPREHENSIVE INCOME (LOSS), net of tax:
Unrealized gain (loss) on equity securities, net of tax	(3,351		)	—			—			—			(3,351		)
Reclassification adjustments for impairment of equity securities, net of tax	605			—			—			—			605
Other comprehensive income (loss)	(2,746		)	—			—			—			(2,746		)
COMPREHENSIVE INCOME (LOSS)	$	45,931		$	23,795		$	57,434		$	(81,229	)	$	45,931

(1) Excludes amortization.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

YEAR ENDED DECEMBER 31, 2014



In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Cash provided by (used in) operating activities	$	(1,144,474	)	$	41,292		$	80,627		$	1,075,482		52,927
CASH FLOWS FROM INVESTING ACTIVITIES	—			—			—
Capital expenditures	(1,849		)	(28,118		)	(34,277		)	—			(64,244		)
Purchase of short term investments and equity securities	(50,013		)	(429		)	(71		)	—			(50,513		)
Sales and maturities of short term investments and equity securities	49,069			5,261			14			—			54,344
Acquisitions	(12,079		)	(4,000		)	(5,250		)	—			(21,329		)
Other	—			48			(40		)	—			8
Investments in consolidated subsidiaries	1,120,382			4,106			—			(1,124,488		)	—
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	1,105,510			(23,132		)	(39,624		)	(1,124,488		)	(81,734		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of notes and bank borrowings	153,000			—			14,784			—			167,784
Payments on long-term debt, capital leases, and associated costs	(18,545		)	(6,114		)	(1,243		)	—			(25,902		)
Gold production royalty payments	—			—			(48,395		)	—			(48,395		)
Net intercompany financing activity	(21,697		)	(7,256		)	(20,053		)	49,006			—
Other	(509		)	—			—			—			(509		)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	112,249			(13,370		)	(54,907		)	49,006			92,978
NET CHANGE IN CASH AND CASH EQUIVALENTS	73,285			4,790			(13,904		)	—			64,171
Cash and cash equivalents at beginning of period	137,076			991			68,623			—			206,690
Cash and cash equivalents at end of period	$	210,361		$	5,781		$	54,719		$	—		$	270,861

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

YEAR ENDED DECEMBER 31, 2013



In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Cash provided by (used in) operating activities	$	(701,653	)	$	17,456		$	151,491		$	646,173		$	113,467
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(3,573		)	(50,810		)	(46,430		)	—			(100,813		)
Purchase of short term investments and equity securities	(2,921		)	(66		)	(5,065		)	—			(8,052		)
Sales and maturities of short term investments and equity securities	29,274			75			5,447			—			34,796
Acquisitions	(113,214		)	(3,684		)	—			—			(116,898		)
Other	3,266			444			768			—			4,478
Investments in consolidated subsidiaries	642,617			68			3,488			(646,173		)	—
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	555,449			(53,973		)	(41,792		)	(646,173		)	(186,489		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of notes and bank borrowings	300,000			—			—			—			300,000
Payments on long-term debt, capital leases, and associated costs	(52,568		)	(3,171		)	(4,889		)	—			(60,628		)
Gold production royalty payments	—			—			(57,034		)	—			(57,034		)
Share repurchases	(27,552		)	—			—			—			(27,552		)
Net intercompany financing activity	(22,874		)	40,279			(17,405		)	—			—
Other	(514		)	—			—			—			(514		)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	196,492			37,108			(79,328		)	—			154,272
NET CHANGE IN CASH AND CASH EQUIVALENTS	50,288			591			30,371			—			81,250
Cash and cash equivalents at beginning of period	86,788			400			38,252			—			125,440
Cash and cash equivalents at end of period	$	137,076		$	991		$	68,623		$	—		$	206,690

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

YEAR ENDED DECEMBER 31, 2012



In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Cash provided by (used in) operating activities	$	58,754		$	37,426		$	256,683		$	(81,229	)	271,634
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(1,531		)	(48,788		)	(65,322		)	—			(115,641		)
Purchase of short term investments and equity securities	(12,913		)	(46		)	—			—			(12,959		)
Sales and maturities of short term investments and equity securities	21,590			45			60			—			21,695
Acquisitions	(29,338		)	—			41			—			(29,297		)
Other	3,538			130			(581		)	—			3,087
Investments in consolidated subsidiaries	(81,229		)	—			—			81,229			—
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	(99,883		)	(48,659		)	(65,802		)	81,229			(133,115		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on long-term debt, capital leases, and associated costs	(4,005		)	(79,839		)	(13,326		)	—			(97,170		)
Gold production royalty payments	—			—			(74,734		)	—			(74,734		)
Share repurchases	(19,971		)	—			—			—			(19,971		)
Net intercompany financing activity	67,082			86,394			(153,476		)	—			—
Other	(861		)	4,645			—			—			3,784
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	42,245			11,200			(241,536		)	—			(188,091		)
NET CHANGE IN CASH AND CASH EQUIVALENTS	1,116			(33		)	(50,655		)	—			(49,572		)
Cash and cash equivalents at beginning of period	85,672			433			88,907			—			175,012
Cash and cash equivalents at end of period	$	86,788		$	400		$	38,252		$	—		$	125,440

CONDENSED CONSOLIDATING BALANCE SHEET

DECEMBER 31, 2014



In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	210,361		$	5,781		$	54,719		$	—		$	270,861
Receivables	87			11,151			105,683			—			116,921
Ore on leach pads	—			48,204			—			—			48,204
Inventory	—			54,983			59,948			—			114,931
Deferred tax assets	393			—			6,971			—			7,364
Prepaid expenses and other	6,349			4,557			4,617			—			15,523
	217,190			124,676			231,938			—			573,804
NON-CURRENT ASSETS
Property, plant, and equipment, net	6,155			107,084			114,672			—			227,911
Mining properties, net	12,004			159,124			330,064			—			501,192
Ore on leach pads	—			37,889			—			—			37,889
Restricted assets	897			50			6,090			—			7,037
Equity securities	—			5,982			—			—			5,982
Receivables	—			—			21,686			—			21,686
Debt issuance costs, net	9,851			—			—			—			9,851
Deferred tax assets	30,419			—			29,732			—			60,151
Net investment in subsidiaries	128,913			45,615			—			(174,528		)	—
Other	50,813			5,522			4,394			(50,814		)	9,915
TOTAL ASSETS	$	456,242		$	485,942		$	738,576		$	(225,342	)	$	1,455,418

LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	3,414		$	13,391		$	32,247		$	—		$	49,052
Accrued liabilities and other	22,588			11,207			17,718			—			51,513
Debt	5,334			7,476			4,688			—			17,498
Royalty obligations	—			5,747			37,931			—			43,678
Reclamation	—			3,401			1,621			(1,151		)	3,871
Deferred tax liabilities	7,142			848			88			—			8,078
	38,478			42,070			94,293			(1,151		)	173,690
NON-CURRENT LIABILITIES
Debt	437,455			12,806			61,452			(50,814		)	460,899
Royalty obligations	—			9,623			18,028			—			27,651
Reclamation	—			46,792			19,000			1,151			66,943
Deferred tax liabilities	53,201			2,963			54,842			—			111,006
Other long-term liabilities	2,582			469			26,860			—			29,911
Intercompany payable (receivable)	(660,792		)	427,156			233,636			—			—
	(167,554		)	499,809			413,818			(49,663		)	696,410
STOCKHOLDERS’ EQUITY
Common stock	1,034			250			128,299			(128,549		)	1,034
Additional paid-in capital	2,789,695			79,712			1,682,830			(1,762,542		)	2,789,695
Accumulated deficit	(2,202,603		)	(133,091		)	(1,580,664		)	1,713,755			(2,202,603		)
Accumulated other comprehensive income (loss)	(2,808		)	(2,808		)	—			2,808			(2,808		)
	585,318			(55,937		)	230,465			(174,528		)	585,318
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	456,242		$	485,942		$	738,576		$	(225,342	)	$	1,455,418

CONDENSED CONSOLIDATING BALANCE SHEET

DECEMBER 31, 2013



In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	137,076		$	991		$	68,623		$	—		$	206,690
Receivables	530			19,982			60,562			—			81,074
Ore on leach pads	—			50,495			—			—			50,495
Inventory	—			35,290			96,733			—			132,023
Deferred tax assets	—			—			35,008			—			35,008
Prepaid expenses and other	4,128			5,282			16,530			—			25,940
	141,734			112,040			277,456			—			531,230
NON-CURRENT ASSETS
Property, plant, and equipment, net	5,980			143,118			337,175			—			486,273
Mining properties, net	—			235,537			1,515,964			—			1,751,501
Ore on leach pads	—			31,528			—			—			31,528
Restricted assets	830			50			6,134			—			7,014
Equity securities	—			14,521			—			—			14,521
Receivables	—			—			36,574			—			36,574
Debt issuance costs, net	10,812			—			—			—			10,812
Deferred tax assets	955			—			234			—			1,189
Net investment in subsidiaries	1,242,480			46,215			1,578,799			(2,867,494		)	—
Other	53,858			14,616			320,425			(373,563		)	15,336
TOTAL ASSETS	$	1,456,649		$	597,625		$	4,072,761		$	(3,241,057	)	$	2,885,978

LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	1,963		$	15,864		$	36,020		$	—		$	53,847
Accrued liabilities and other	16,693			8,016			14,611			(1,054		)	38,266
Debt	—			1,262			309,472			(308,229		)	2,505
Royalty obligations	—			3,934			44,085			—			48,019
Reclamation	—			—			794			119			913
Deferred tax liabilities	—			—			1,011			—			1,011
	18,656			29,076			405,993			(309,164		)	144,561
NON-CURRENT LIABILITIES
Debt	305,335			255			64,820			(64,280		)	306,130
Royalty obligations	—			17,696			47,446			—			65,142
Reclamation	—			45,894			11,740			(119		)	57,515
Deferred tax liabilities	37,095			1,618			517,533			—			556,246
Other long-term liabilities	2,467			544			22,806			—			25,817
Intercompany payable (receivable)	(637,471		)	427,085			210,386			—			—
	(292,574		)	493,092			874,731			(64,399		)	1,010,850
STOCKHOLDERS’ EQUITY
Common stock	1,028			250			122,666			(122,916		)	1,028
Additional paid-in capital	2,781,164			79,712			3,258,037			(3,337,749		)	2,781,164
Accumulated deficit	(1,046,719		)	401			(588,666		)	588,265			(1,046,719		)
Accumulated other comprehensive income (loss)	(4,906		)	(4,906		)	—			4,906			(4,906		)
	1,730,567			75,457			2,792,037			(2,867,494		)	1,730,567
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	1,456,649		$	597,625		$	4,072,761		$	(3,241,057	)	$	2,885,978