SUPPLEMENTAL GUARANTOR INFORMATION

The following 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., Wharf Resources (U.S.A.), Inc. and its subsidiaries, and Coeur Capital, Inc. (collectively, the “Subsidiary Guarantors”) of the Senior Notes. The following schedules present 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 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.

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

YEAR ENDED DECEMBER 31, 2016



In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenue	$	—		$	423,488		$	242,289		$	—		$	665,777
COSTS AND EXPENSES
Costs applicable to sales⁽¹⁾	—			252,836			156,705			—			409,541
Amortization	1,558			77,392			44,211			—			123,161
COSTS AND EXPENSES
General and administrative	28,704			250			422			—			29,376
Exploration	1,596			6,127			5,207			—			12,930
Write-downs	—			—			4,446			—			4,446
Pre-development, reclamation, and other	2,044			5,839			9,336			—			17,219
Total costs and expenses	33,902			342,444			220,327			—			596,673
OTHER INCOME (EXPENSE), NET
Loss on debt extinguishments	(21,365		)	—			—			—			(21,365		)
Fair value adjustments, net	(1,635		)	(4,133		)	(5,813		)	—			(11,581		)
Other, net	4,357			2,139			463			(5,084		)	1,875
Interest expense, net of capitalized interest	(35,158		)	(861		)	(5,985		)	5,084			(36,920		)
Total other income (expense), net	(53,801		)	(2,855		)	(11,335		)	—			(67,991		)
Loss before income and mining taxes	(87,703		)	78,189			10,627			—			1,113
Income and mining tax (expense) benefit	11,733			(7,517		)	50,023			—			54,239
Total loss after income and mining taxes	(75,970		)	70,672			60,650			—			55,352
Equity income (loss) in consolidated subsidiaries	131,322			(4,353		)	—			(126,969		)	—
NET INCOME (LOSS)	$	55,352		$	66,319		$	60,650		$	(126,969	)	$	55,352
OTHER COMPREHENSIVE INCOME (LOSS), net of tax:
Unrealized gain (loss) on marketable securities, net of tax	3,222			3,156			—			(3,156		)	3,222
Reclassification adjustments for impairment of equity securities, net of tax	703			703			—			(703		)	703
Reclassification adjustments for realized loss on sale of equity securities, net of tax	(2,691		)	(3,181		)	—			3,181			(2,691		)
Other comprehensive income (loss)	1,234			678			—			(678		)	1,234
COMPREHENSIVE INCOME (LOSS)	$	56,586		$	66,997		$	60,650		$	(127,647	)	$	56,586

(1) Excludes amortization.

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

YEAR ENDED DECEMBER 31, 2015



In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenue	$	—		$	378,278		$	267,808		$	—		$	646,086
COSTS AND EXPENSES
Costs applicable to sales⁽¹⁾	—			261,830			217,824			—			479,654
Amortization	1,991			83,325			58,435			—			143,751
COSTS AND EXPENSES
General and administrative	32,405			35			394			—			32,834
Exploration	2,265			3,931			5,451			—			11,647
Write-downs	—			1,630			311,707			—			313,337
Pre-development, reclamation, and other	4,083			5,920			7,790			—			17,793
Total costs and expenses	40,744			356,671			601,601			—			999,016
OTHER INCOME (EXPENSE), NET
Gain on debt extinguishments	15,916			—			—			—			15,916
Fair value adjustments, net	1,224			818			3,160			—			5,202
Other, net	4,336			(3,106		)	(13,385		)	(3,776		)	(15,931		)
Interest expense, net of capitalized interest	(39,867		)	(966		)	(8,646		)	3,776			(45,703		)
Total other income (expense), net	(18,391		)	(3,254		)	(18,871		)	—			(40,516		)
Income (Loss) before income and mining taxes	(59,135		)	18,353			(352,664		)	—			(393,446		)
Income and mining tax (expense) benefit	1,827			(2,354		)	26,790			—			26,263
Income (Loss) after income and mining taxes	(57,308		)	15,999			(325,874		)	—			(367,183		)
Equity income (loss) in consolidated subsidiaries	(309,875		)	(14,814		)	—			324,689			—
NET INCOME (LOSS)	$	(367,183	)	$	1,185		$	(325,874	)	$	324,689		$	(367,183	)
OTHER COMPREHENSIVE INCOME (LOSS), net of tax:
Unrealized gain (loss) on equity securities, net of tax	(4,154		)	(3,118		)	—			3,118			(4,154		)
Reclassification adjustments for impairment of equity securities, net of tax	2,346			2,346			—			(2,346		)	2,346
Reclassification adjustments for realized loss on sale of equity securities, net of tax	894			894			—			(894		)	894
Other comprehensive income (loss)	(914		)	122			—			(122		)	(914		)
COMPREHENSIVE INCOME (LOSS)	$	(368,097	)	$	1,307		$	(325,874	)	$	324,567		$	(368,097	)

(1) Excludes amortization.

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
COSTS AND EXPENSES
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
Other, net	4,406			(7,023		)	227			(2,828		)	(5,218		)
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		)	428,736			—			428,254
Income (Loss) after income and mining taxes	(84,583		)	(129,311		)	(972,980		)	—			(1,186,874		)
Equity income (loss) in consolidated subsidiaries	(1,102,291		)	(4,181		)	—			1,106,472			—
NET INCOME (LOSS)	$	(1,186,874	)	$	(133,492	)	$	(972,980	)	$	1,106,472		$	(1,186,874	)
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)	$	(1,184,776	)	$	(131,394	)	$	(972,980	)	$	1,104,374		$	(1,184,776	)

(1) Excludes amortization.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

YEAR ENDED DECEMBER 31, 2016



In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Cash provided by (used in) operating activities	$	62,207		$	134,892		$	55,687		$	(126,969	)	125,817

CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(246		)	(58,084		)	(42,683		)	—			(101,013		)
Proceeds from the sale of long-lived assets	—			4,800			11,496			—			16,296
Purchase of investments	(178		)	—			—			—			(178		)
Sales and maturities of investments	501			6,576			—			—			7,077
Acquisitions, net of cash acquired	—			—			(1,417		)	—			(1,417		)
Other	(4,396		)	368			(180		)	—			(4,208		)
Investments in consolidated subsidiaries	(107,855		)	25,047			—			82,808			—
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	(112,174		)	(21,293		)	(32,784		)	82,808			(83,443		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on debt, capital leases, and associated costs	(303,686		)	(10,894		)	(8,221		)	—			(322,801		)
Gold production royalty payments	—			—			(27,155		)	—			(27,155		)
Net intercompany financing activity	45,850			(86,914		)	(3,097		)	44,161			—
Issuance of common stock	269,556			—			—			—			269,556
Other	172			—			—			—			172
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	11,892			(97,808		)	(38,473		)	44,161			(80,228		)
Effect of exchange rate changes on cash and cash equivalents	—			4			(682		)	—			(678		)
NET CHANGE IN CASH AND CASH EQUIVALENTS	(38,075		)	15,795			(16,252		)	—			(38,532		)
Cash and cash equivalents at beginning of period	96,123			34,228			70,363			—			200,714
Cash and cash equivalents at end of period	$	58,048		$	50,023		$	54,111		$	—		$	162,182

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

YEAR ENDED DECEMBER 31, 2015



In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Cash provided by (used in) operating activities	$	(377,091	)	$	86,486		$	79,458		$	324,689		113,542

CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(514		)	(52,376		)	(42,303		)	—			(95,193		)
Proceeds from the sale of long-lived assets	—			289			318			—			607
Purchase of investments	(1,880		)	—			—			—			(1,880		)
Sales and maturities of investments	2			532			71			—			605
Acquisitions, net of cash acquired	(110,846		)	—			—			—			(110,846		)
Other	(4,710		)	234			(110		)	—			(4,586		)
Investments in consolidated subsidiaries	282,041			20,239			120			(302,400		)	—
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	164,093			(31,082		)	(41,904		)	(302,400		)	(211,293		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of notes and bank borrowings	150,000			—			3,500			—			153,500
Payments on debt, capital leases, and associated costs	(62,930		)	(7,428		)	(14,357		)	—			(84,715		)
Gold production royalty payments	—			—			(39,235		)	—			(39,235		)
Net intercompany financing activity	12,232			(19,518		)	29,575			(22,289		)	—
Other	(542		)	—			—			—			(542		)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	98,760			(26,946		)	(20,517		)	(22,289		)	29,008
Effect of exchange rate changes on cash and cash equivalents	—			(11		)	(1,393		)	—			(1,404		)
NET CHANGE IN CASH AND CASH EQUIVALENTS	(114,238		)	28,447			15,644			—			(70,147		)
Cash and cash equivalents at beginning of period	210,361			5,781			54,719			—			270,861
Cash and cash equivalents at end of period	$	96,123		$	34,228		$	70,363		$	—		$	200,714

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	$	(1,175,464	)	$	41,292		$	81,248		$	1,106,472		53,548

CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(1,849		)	(28,118		)	(34,277		)	—			(64,244		)
Proceeds from the sale of long-lived assets	—			48			281			—			329
Purchase of investments	(50,013		)	(429		)	(71		)	—			(50,513		)
Sales and maturities of investments	49,069			5,261			14			—			54,344
Acquisitions, net of cash acquired	(12,079		)	(4,000		)	(5,250		)	—			(21,329		)
Other	—			—			(321		)	—			(321		)
Investments in consolidated subsidiaries	1,151,372			4,106			—			(1,155,478		)	—
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	1,136,500			(23,132		)	(39,624		)	(1,155,478		)	(81,734		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of notes and bank borrowings	153,000			—			14,784			—			167,784
Payments on 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
Effect of exchange rate changes on cash and cash equivalents	—			—			(621		)	—			(621		)
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 BALANCE SHEET

DECEMBER 31, 2016



In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	58,048		$	50,023		$	54,111		$	—		$	162,182
Receivables	12			6,865			53,554			—			60,431
Ore on leach pads	—			64,167			—			—			64,167
Inventory	—			49,393			56,633			—			106,026
Prepaid expenses and other	3,803			1,459			12,719			—			17,981
	61,863			171,907			177,017			—			410,787
NON-CURRENT ASSETS
Property, plant and equipment, net	3,222			139,885			73,689			—			216,796
Mining properties, net	—			195,791			362,664			—			558,455
Ore on leach pads	—			67,231			—			—			67,231
Restricted assets	10,170			226			7,201			—			17,597
Equity securities	—			4,488			—			—			4,488
Receivables	—			—			30,951			—			30,951
Deferred tax assets	—			—			191			—			191
Net investment in subsidiaries	273,056			11,650			—			(284,706		)	—
Other	221,381			9,263			3,153			(221,384		)	12,413
TOTAL ASSETS	$	569,692		$	600,441		$	654,866		$	(506,090	)	$	1,318,909

LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	2,153		$	24,921		$	26,261		$	—		$	53,335
Other accrued liabilities	12,881			13,664			16,198			—			42,743
Debt	—			6,516			5,523			—			12,039
Royalty obligations	—			4,995			—			—			4,995
Reclamation	—			2,672			850			—			3,522
	15,034			52,768			48,832			—			116,634
NON-CURRENT LIABILITIES
Debt	175,991			15,214			229,036			(221,384		)	198,857
Royalty obligations	—			4,292			—			—			4,292
Reclamation	—			75,183			20,621			—			95,804
Deferred tax liabilities	13,810			6,179			54,809			—			74,798
Other long-term liabilities	1,993			4,750			53,294			—			60,037
Intercompany payable (receivable)	(405,623		)	336,813			68,810			—			—
	(213,829		)	442,431			426,570			(221,384		)	433,788
STOCKHOLDERS’ EQUITY
Common stock	1,809			250			197,913			(198,163		)	1,809
Additional paid-in capital	3,314,590			181,009			1,864,261			(2,045,270		)	3,314,590
Accumulated deficit	(2,545,424		)	(73,529		)	(1,882,710		)	1,956,239			(2,545,424		)
Accumulated other comprehensive income (loss)	(2,488		)	(2,488		)	—			2,488			(2,488		)
	768,487			105,242			179,464			(284,706		)	768,487
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	569,692		$	600,441		$	654,866		$	(506,090	)	$	1,318,909

CONDENSED CONSOLIDATING BALANCE SHEET

DECEMBER 31, 2015



In thousands	Coeur Mining, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	96,123		$	34,228		$	70,363		$	—		$	200,714
Receivables	11			12,773			73,208			—			85,992
Ore on leach pads	—			67,329			—			—			67,329
Inventory	—			45,491			36,220			—			81,711
Prepaid expenses and other	3,496			1,075			6,371			—			10,942
	99,630			160,896			186,162			—			446,688
NON-CURRENT ASSETS
Property, plant and equipment, net	4,546			138,706			52,747			—			195,999
Mining properties, net	—			199,303			389,916			—			589,219
Ore on leach pads	—			44,582			—			—			44,582
Restricted assets	5,755			381			5,497			—			11,633
Equity securities	434			2,332			—			—			2,766
Receivables	—			—			24,768			—			24,768
Deferred tax assets	—			—			1,942			—			1,942
Net investment in subsidiaries	127,671			27,657			—			(155,328		)	—
Other	54,578			9,197			5,695			(54,578		)	14,892
TOTAL ASSETS	$	292,614		$	583,054		$	666,727		$	(209,906	)	$	1,332,489

LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	1,743		$	21,956		$	28,454		$	—		$	52,153
Other accrued liabilities	20,555			11,177			18,800			—			50,532
Debt	1,000			8,120			1,311			—			10,431
Royalty obligations	—			4,729			20,164			—			24,893
Reclamation	—			1,401			1,821			(1,151		)	2,071
	23,298			47,383			70,550			(1,151		)	140,080
NON-CURRENT LIABILITIES
Debt	467,634			4,947			61,976			(54,578		)	479,979
Royalty obligations	—			4,864			—			—			4,864
Reclamation	—			61,924			20,122			1,151			83,197
Deferred tax liabilities	28,600			6,927			111,605			—			147,132
Other long-term liabilities	2,171			3,838			49,752			—			55,761
Intercompany payable (receivable)	(650,565		)	411,103			239,462			—			—
	(152,160		)	493,603			482,917			(53,427		)	770,933
STOCKHOLDERS’ EQUITY
Common stock	1,513			250			130,885			(131,135		)	1,513
Additional paid-in capital	3,024,461			179,553			1,896,047			(2,075,600		)	3,024,461
Accumulated deficit	(2,600,776		)	(135,049		)	(1,913,672		)	2,048,721			(2,600,776		)
Accumulated other comprehensive income (loss)	(3,722		)	(2,686		)	—			2,686			(3,722		)
	421,476			42,068			113,260			(155,328		)	421,476
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	292,614		$	583,054		$	666,727		$	(209,906	)	$	1,332,489