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Supplemental Guarantor Information (Tables)
 3 Months Ended
Mar. 31, 2019
Condensed Financial Information Disclosure [Abstract]  
Schedule of Comprehensive Income (Loss)
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)
THREE MONTHS ENDED MARCH 31, 2019
In thousands
Coeur Mining, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Revenue
$
—

 
$
90,699

 
$
64,171

 
$
—

 
$
154,870

COSTS AND EXPENSES
 
 
 
 
 
 
 
 
 
Costs applicable to sales(1)
—

 
72,022

 
59,628

 
—

 
131,650

Amortization
221

 
18,445

 
23,210

 
—

 
41,876

General and administrative
9,474

 
—

 
—

 
—

 
9,474

Exploration
336

 
1,124

 
2,254

 
—

 
3,714

Pre-development, reclamation, and other
160

 
1,943

 
2,331

 
—

 
4,434

Total costs and expenses
10,191

 
93,534

 
87,423

 
—

 
191,148

OTHER INCOME (EXPENSE), NET
 
 
 
 
 
 
 
 
 
Fair value adjustments, net
9,120

 
—

 
—

 
—

 
9,120

Other, net
4,998

 
165

 
(800
)
 
(4,303
)
 
60

Interest expense, net of capitalized interest
(5,729
)
 
(392
)
 
(4,636
)
 
4,303

 
(6,454
)
Total other income (expense), net
8,389

 
(227
)
 
(5,436
)
 
—

 
2,726

Income (loss) from continuing operations before income and mining taxes
(1,802
)
 
(3,062
)
 
(28,688
)
 
—

 
(33,552
)
Income and mining tax (expense) benefit
(2,077
)
 
(32
)
 
10,767

 
—

 
8,658

Income (loss) from continuing operations
(3,879
)
 
(3,094
)
 
(17,921
)
 
—

 
(24,894
)
Equity income (loss) in consolidated subsidiaries
(21,015
)
 
(418
)
 
283

 
21,150

 
—

Income (loss) from discontinued operations
5,693

 
—

 
—

 
—

 
5,693

NET INCOME (LOSS)
$
(19,201
)
 
$
(3,512
)
 
$
(17,638
)
 
$
21,150

 
$
(19,201
)
OTHER COMPREHENSIVE INCOME (LOSS), net of tax:
 
 
 
 
 
 
 
 
 
Unrealized gain (loss) on debt securities, net of tax
59

 
—

 
—

 
—

 
59

COMPREHENSIVE INCOME (LOSS)
$
(19,142
)
 
$
(3,512
)
 
$
(17,638
)
 
$
21,150

 
$
(19,142
)
(1) Excludes amortization.






















CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)
THREE MONTHS ENDED MARCH 31, 2018
In thousands
Coeur Mining, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Revenue
$
—

 
$
93,230

 
$
70,037

 
$
—

 
$
163,267

COSTS AND EXPENSES
 
 
 
 
 
 
 
 
 
Costs applicable to sales(1)
—

 
68,245

 
31,095

 
—

 
99,340

Amortization
246

 
14,205

 
16,326

 
—

 
30,777

General and administrative
8,797

 
3

 
4

 
—

 
8,804

Exploration
459

 
2,245

 
3,979

 
—

 
6,683

Pre-development, reclamation, and other
406

 
1,947

 
1,872

 
—

 
4,225

Total costs and expenses
9,908

 
86,645

 
53,276

 
—

 
149,829

OTHER INCOME (EXPENSE), NET
 
 
 
 
 
 
 
 
 
Fair value adjustments, net
4,946

 
(292
)
 
—

 
—

 
4,654

Other, net
4,475

 
(137
)
 
(106
)
 
(3,719
)
 
513

Interest expense, net of capitalized interest
(5,083
)
 
(353
)
 
(4,248
)
 
3,719

 
(5,965
)
Total other income (expense), net
4,338

 
(782
)
 
(4,354
)
 
—

 
(798
)
Income (loss) from continuing operations before income and mining taxes
(5,570
)
 
5,803

 
12,407

 
—

 
12,640

Income and mining tax (expense) benefit
1,638

 
(1,120
)
 
(12,467
)
 
—

 
(11,949
)
Income (loss) from continuing operations
(3,932
)
 
4,683

 
(60
)
 
—

 
691

Equity income (loss) in consolidated subsidiaries
4,164

 
(38
)
 
(170
)
 
(3,956
)
 
—

Income (loss) from discontinued operations
1,009

 
(284
)
 
(175
)
 
—

 
550

NET INCOME (LOSS)
$
1,241

 
$
4,361

 
$
(405
)
 
$
(3,956
)
 
$
1,241

OTHER COMPREHENSIVE INCOME (LOSS), net of tax:
 
 
 
 
 
 
 
 
 
Unrealized gain (loss) on marketable securities, net of tax
(278
)
 
—

 
—

 
—

 
(278
)
Reclassification adjustments for impairment of equity securities, net of tax
—

 
—

 
—

 
—

 
—

COMPREHENSIVE INCOME (LOSS)
$
963

 
$
4,361

 
$
(405
)
 
$
(3,956
)
 
$
963

(1) Excludes amortization.

    
Condensed Cash Flow Statement
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
THREE MONTHS ENDED MARCH 31, 2019
In thousands
Coeur Mining, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
 
 
 
 
 
 
Cash provided by (used in) activities of continuing operations
(30,395
)
 
8,468

 
(11,069
)
 
21,150

 
(11,846
)
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
(30,395
)
 
8,468

 
(11,069
)
 
21,150

 
(11,846
)
 
 
 
 
 
 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES
 
 
 
 
 
 
 
 
 
Capital expenditures
(38
)
 
(14,431
)
 
(12,969
)
 
—

 
(27,438
)
Proceeds from the sale of assets
—

 
753

 
94

 
—

 
847

Sales of investments
1,168

 
—

 
—

 
—

 
1,168

Other
1,803

 
—

 
(62
)
 
—

 
1,741

Investments in consolidated subsidiaries
21,015

 
—

 
135

 
(21,150
)
 
—

Cash provided by (used in) activities of continuing operations
23,948

 
(13,678
)
 
(12,802
)
 
(21,150
)
 
(23,682
)
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES
23,948


(13,678
)

(12,802
)
 
(21,150
)
 
(23,682
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
Issuance of notes and bank borrowings, net of issuance costs
15,000

 
—


—

 
—

 
15,000

Payments on debt, capital leases, and associated costs
(15,000
)
 
(4,387
)
 
(2,969
)
 
—

 
(22,356
)
Net intercompany financing activity
10,226

 
(5,357
)
 
(4,869
)
 
—

 
—

Other
(3,364
)
 
—

 
—

 
—

 
(3,364
)
Cash provided by (used in) activities of continuing operations
6,862

 
(9,744
)
 
(7,838
)
 
—

 
(10,720
)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES
6,862


(9,744
)

(7,838
)

—


(10,720
)
Effect of exchange rate changes on cash and cash equivalents
—

 
3

 
198

 
—

 
201

NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH
415


(14,951
)

(31,511
)
 
—

 
(46,047
)
Cash, cash equivalents and restricted cash at beginning of period
12,747

 
25,532

 
79,790

 
—

 
118,069

Cash, cash equivalents and restricted cash at end of period
$
13,162


$
10,581


$
48,279


$
—


$
72,022
































CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
THREE MONTHS ENDED MARCH 31, 2018
In thousands
 
Coeur Mining, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
Cash provided by (used in) activities of continuing operations
 
$
(7,938
)
 
$
5,395

 
$
22,040

 
$
(3,956
)
 
15,541

Cash provided by (used in) activities of discontinued operations
 
—

 
—

 
(2,690
)
 
—

 
(2,690
)
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
 
(7,938
)
 
5,395

 
19,350

 
(3,956
)
 
12,851

 
 
 
 
 
 
 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES
 
 
 
 
 
 
 
 
 
 
Capital expenditures
 
(83
)
 
(14,341
)
 
(27,921
)
 
—

 
(42,345
)
Proceeds from the sale of assets
 
—

 
60

 
—

 
—

 
60

Purchase of investments
 
(361
)
 
—

 
—

 
—

 
(361
)
Sales of investments
 
1,067

 
552

 
—

 
—

 
1,619

Other
 
—

 
—

 
(65
)
 
—

 
(65
)
Investments in consolidated subsidiaries
 
(4,162
)
 
37

 
169

 
3,956

 
—

Cash provided by (used in) activities of continuing operations
 
(3,539
)
 
(13,692
)
 
(27,817
)
 
3,956

 
(41,092
)
Cash provided by (used in) activities of discontinued operations
 
—

 
—

 
(28,470
)
 
—

 
(28,470
)
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES
 
(3,539
)
 
(13,692
)
 
(56,287
)
 
3,956

 
(69,562
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
Issuance of notes and bank borrowings
 
15,000

 
—

52,577

—

 
—

 
15,000

Payments on debt, capital leases, and associated costs
 
—

 
(2,395
)
 
(16,054
)
 
—

 
(18,449
)
Net intercompany financing activity
 
(20,381
)
 
(10,946
)
 
31,327

 
—

 
—

Other
 
(4,606
)
 
—

 
—

 
—

 
(4,606
)
Cash provided by (used in) activities of continuing operations
 
(9,987
)
 
(13,341
)
 
15,273

 
—

 
(8,055
)
Cash provided by (used in) activities of discontinued operations
 
—

 
—

 
(22
)
 
—

 
(22
)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES
 
(9,987
)
 
(13,341
)
 
15,251

 
—

 
(8,077
)
Effect of exchange rate changes on cash and cash equivalents
 
—

 
2

 
555

 
—

 
557

Less net cash provided by (used in) discontinued operations
 
—

 
—

 
(32,930
)
 
—

 
(32,930
)
NET CHANGE IN CASH AND CASH EQUIVALENTS
 
(21,464
)
 
(21,636
)
 
11,799

 
—

 
(31,301
)
Cash and cash equivalents at beginning of period
 
56,033

 
52,239

 
95,130

 
—

 
203,402

Cash and cash equivalents at end of period
 
$
34,569

 
$
30,603

 
$
106,929

 
$
—

 
$
172,101
Condensed Balance Sheet
CONDENSED CONSOLIDATING BALANCE SHEET
MARCH 31, 2019
In thousands
Coeur Mining, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
ASSETS
 
 
 
 
 
 
 
CURRENT ASSETS
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
10,185

 
$
10,488

 
$
48,360

 
$
—

 
$
69,033

Receivables
1,915

 
7,932

 
23,683

 
—

 
33,530

Ore on leach pads
—

 
74,517

 
—

 
—

 
74,517

Inventory
—

 
26,963

 
33,690

 
—

 
60,653

Prepaid expenses and other
6,622

 
821

 
6,238

 
—

 
13,681

 
18,722

 
120,721

 
111,971

 
—

 
251,414

NON-CURRENT ASSETS
 
 
 
 
 
 
 
 
 
Property, plant and equipment, net
2,572

 
177,473

 
119,711

 
—

 
299,756

Mining properties, net
4,753

 
235,101

 
722,204

 
—

 
962,058

Ore on leach pads
—

 
72,633

 
—

 
—

 
72,633

Restricted assets
3,082

 
206

 
7,156

 
—

 
10,444

Equity and debt securities
25,875

 
—

 
—

 
—

 
25,875

Receivables
—

 
1,300

 
30,271

 
—

 
31,571

Net investment in subsidiaries
568,606

 
45

 
161

 
(568,812
)
 
—

Other
296,492

 
58,211

 
13,463

 
(290,552
)
 
77,614

TOTAL ASSETS
$
920,102

 
$
665,690

 
$
1,004,937

 
$
(859,364
)
 
$
1,731,365

 
 
 
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
CURRENT LIABILITIES
 
 
 
 
 
 
 
 
 
Accounts payable
$
2,536

 
$
17,180

 
$
32,061

 
$
—

 
$
51,777

Other accrued liabilities
17,478

 
18,753

 
65,905

 
—

 
102,136

Debt
—

 
16,740

 
7,780

 
—

 
24,520

Reclamation
—

 
1,911

 
4,641

 
—

 
6,552

 
20,014

 
54,584

 
110,387

 
—

 
184,985

NON-CURRENT LIABILITIES
 
 
 
 
 
 
 
 
 
Debt
381,045

 
34,623

 
307,636

 
(291,035
)
 
432,269

Reclamation
—

 
85,328

 
45,947

 
—

 
131,275

Deferred tax liabilities
2,067

 
3,858

 
64,886

 
—

 
70,811

Other long-term liabilities
5,169

 
42,703

 
31,335

 
483

 
79,690

Intercompany payable (receivable)
(320,528
)
 
297,592

 
22,936

 
—

 
—

 
67,753

 
464,104

 
472,740

 
(290,552
)
 
714,045

STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
Common stock
2,051

 
20,309

 
214,400

 
(234,709
)
 
2,051

Additional paid-in capital
3,442,029

 
164,605

 
2,054,419

 
(2,219,024
)
 
3,442,029

Accumulated deficit
(2,611,745
)
 
(37,912
)
 
(1,847,009
)
 
1,884,921

 
(2,611,745
)
Accumulated other comprehensive income (loss)
—

 
—

 
—

 
—

 
—

 
832,335

 
147,002

 
421,810

 
(568,812
)
 
832,335

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
$
920,102

 
$
665,690

 
$
1,004,937

 
$
(859,364
)
 
$
1,731,365


CONDENSED CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2018
In thousands
Coeur Mining, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
ASSETS
 
 
 
 
 
 
 
CURRENT ASSETS
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
9,768

 
$
25,518

 
$
79,795

 
$
—

 
$
115,081

Receivables
5,333

 
5,505

 
18,906

 
—

 
29,744

Ore on leach pads
—

 
75,122

 
—

 
—

 
75,122

Inventory
—

 
31,678

 
34,601

 
—

 
66,279

Prepaid expenses and other
4,378

 
1,846

 
5,169

 
—

 
11,393

Assets held for sale
—

 
—

 
—

 
—

 
—

 
19,479

 
139,669

 
138,471

 
—

 
297,619

NON-CURRENT ASSETS
 
 
 
 
 
 
 
 
 
Property, plant and equipment, net
2,755

 
179,152

 
116,544

 
—

 
298,451

Mining properties, net
4,753

 
235,638

 
731,176

 
—

 
971,567

Ore on leach pads
—

 
66,964

 
—

 
—

 
66,964

Restricted assets
4,872

 
207

 
7,054

 
—

 
12,133

Equity and debt securities
17,797

 
9

 
—

 
—

 
17,806

Receivables
—

 
1,301

 
29,850

 
—

 
31,151

Net investment in subsidiaries
594,584

 
57

 
284

 
(594,925
)
 
—

Other
291,249

 
11,619

 
2,169

 
(288,228
)
 
16,809

TOTAL ASSETS
$
935,489

 
$
634,616

 
$
1,025,548

 
$
(883,153
)
 
$
1,712,500

 
 
 
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
CURRENT LIABILITIES
 
 
 
 
 
 
 
 
 
Accounts payable
$
2,181

 
$
19,244

 
$
25,785

 
—

 
$
47,210

Other accrued liabilities
22,274

 
14,124

 
46,221

 
—

 
82,619

Debt
—

 
16,873

 
8,064

 
—

 
24,937

Reclamation
—

 
1,911

 
4,641

 
—

 
6,552

 
24,455

 
52,152

 
84,711

 
—

 
161,318

NON-CURRENT LIABILITIES
 
 
 
 
 
 
 
 
 
Debt
380,854

 
36,377

 
304,886

 
(288,228
)
 
433,889

Reclamation
—

 
84,092

 
44,902

 
—

 
128,994

Deferred tax liabilities
218

 
3,855

 
74,997

 
—

 
79,070

Other long-term liabilities
2,465

 
4,639

 
49,613

 
—

 
56,717

Intercompany payable (receivable)
(325,014
)
 
303,084

 
21,930

 
—

 
—

 
58,523

 
432,047

 
496,328

 
(288,228
)
 
698,670

STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
Common stock
2,033

 
19,630

 
214,400

 
(234,030
)
 
2,033

Additional paid-in capital
3,443,082

 
164,506

 
2,043,869

 
(2,208,375
)
 
3,443,082

Accumulated deficit
(2,592,545
)
 
(33,719
)
 
(1,813,760
)
 
1,847,480

 
(2,592,544
)
Accumulated other comprehensive income (loss)
(59
)
 
—

 
—

 
—

 
(59
)
 
852,511

 
150,417

 
444,509

 
(594,925
)
 
852,512

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
$
935,489

 
$
634,616

 
$
1,025,548

 
$
(883,153
)
 
$
1,712,500