Coeur Studies Fourth Quarter and Full-12 months 2024 Outcomes

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SilverCrest transaction accomplished creating main international silver firm; second consecutive quarter of sturdy internet earnings, adjusted EBITDA and free money circulate; offers full-year 2025 steering

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CHICAGO — Coeur Mining, Inc. (“Coeur” or the “Firm”) (NYSE: CDE) at present reported fourth quarter 2024 monetary outcomes, together with income of $305 million and money circulate from working actions of $64 million. The Firm reported GAAP internet earnings from persevering with operations of $38 million, or $0.08 per share. On an adjusted foundation¹, Coeur reported EBITDA of $116 million, money circulate from working actions earlier than adjustments in working capital of $79 million and internet earnings from persevering with operations of $45 million, or $0.11 per share.

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For the complete yr, Coeur reported income of $1.1 billion, money circulate from working actions of $174 million and GAAP internet earnings from persevering with operations of $59 million, or $0.15 per share. On an adjusted foundation¹, the Firm reported EBITDA of $339 million, money circulate from working actions earlier than adjustments in working capital of $162 million and internet earnings from persevering with operations of $70 million, or $0.18 per share.

Key Highlights

• Sturdy full-year 2024 manufacturing and price outcomes – 2024 full-year manufacturing of 341,582 ounces of gold and 11.4 million ounces of silver represented year-over-year will increase of 8% and 11%, respectively, and fell solidly throughout the 2024 steering ranges. Full-year 2024 prices relevant to gross sales per ounce declined year-over-year by 11% for gold and 9% for silver
• Second consecutive quarter of constructive free money circulate and additional EBITDA development – Fourth quarter free money circulate of $16 million introduced whole second half free money circulate to $85 million. Fourth quarter adjusted EBITDA of $116 million resulted in full-year 2024 adjusted EBITDA¹ of $339 million in comparison with $142 million in 2023
• Sturdy fourth quarter outcomes from Rochester – Rochester’s silver and gold manufacturing elevated by 34% and 63%, respectively, quarter-over-quarter to 1.6 million ounces of silver and 15,752 ounces of gold, bringing the full-year totals to 4.4 million silver ounces and 39,203 gold ounces. Tons positioned within the fourth quarter totaled 8.2 million tons, exceeding the 7.0 – 8.0 million tons goal. Fourth quarter free money circulate of $12 million represented the primary constructive free money circulate quarter for the reason that fourth quarter of 2019
• Additional debt reductions – Coeur repaid a further $30 million of the revolving credit score facility (“RCF”)² throughout the quarter, lowering the excellent steadiness by 29%, or $80 million since mid-year to $195 million. The Firm’s internet debt to adjusted EBITDA ratio declined to 1.6x at year-end in comparison with 3.4x at year-end 2023
• SilverCrest transaction now closed – Coeur’s $1.58 billion acquisition of SilverCrest Metals Inc. (“SilverCrest”) closed on February 14, 2025, which provides the high-grade, low-cost Las Chispas silver and gold operation in Sonora, Mexico to the Firm’s portfolio of North American belongings and creates a number one international silver firm
• Sturdy anticipated 2025 manufacturing development positions Coeur for file outcomes – 2025 manufacturing steering ranges of 380,000 – 440,000 ounces of gold and 16.7 – 20.3 million ounces of silver signify anticipated year-over-year will increase of 20% and 62%, respectively³. These ranges mirror the anticipated advantage of the lately acquired Las Chispas operation and the primary full-year of manufacturing from the newly expanded Rochester operation totaling 7.0 – 8.3 million silver ounces and 60,000 – 75,000 gold ounces, representing year-over-year anticipated will increase of 75% and 72%, respectively³

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“Due to the group’s dedication and unbelievable effort, we completed 2024 with a second consecutive quarter of sturdy earnings and constructive free money circulate, leaving us well-positioned to ship file operational and monetary leads to 2025,” stated Mitchell J. Krebs, Chairman, President and Chief Government Officer. “As anticipated, 2024 represented an inflection level for the Firm. Whereas finishing the Rochester growth, saying the proposed acquisition of SilverCrest, transitioning to constructive free money circulate, and starting to pay down debt have been key drivers to a profitable yr, our different operations delivered sturdy outcomes price highlighting. Wharf generated the very best free money circulate in its 42-year historical past, Palmarejo delivered its highest free money circulate in seven years, and Kensington elevated its gold manufacturing by 13% whereas reducing its unit prices by 8% year-over-year and is focusing on a return to constructive free money circulate in 2025. Along with the primary full yr of contribution from the Rochester growth and the addition of the newly acquired high-grade, low-cost Las Chispas operation, we anticipate delivering sharp will increase in manufacturing, EBITDA and free money circulate, which can enable us to proceed aggressively deleveraging the steadiness sheet.

“As highlighted in our reserves and sources replace yesterday, we proceed to see constructive outcomes from our sustained dedication to brownfield exploration over the previous a number of years. At Kensington, we achieved our said purpose of creating a five-year confirmed and possible reserve mine life. We additionally considerably expanded the inferred useful resource pipelines at Palmarejo and Wharf, which bode nicely for future significant mine life extensions. In 2025, we are going to proceed our dedication to producing returns by way of the drill bit with one other yr of strong exploration funding.

“With the closing of the SilverCrest transaction final week, we’re delighted to welcome the Las Chispas group to the Firm, and to have Eric Fier and Pierre Beaudoin be a part of our Board of Administrators. Though the primary quarter will mirror a number of one-time transaction prices, seasonally decrease manufacturing ranges, and solely six weeks of contribution from Las Chispas, we look ahead to delivering one of the best yr in Coeur Mining’s historical past in 2025 at a time when the outlook for silver and gold stays extremely constructive.”

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Monetary and Working Highlights (Unaudited)

Monetary Outcomes

Fourth quarter 2024 income totaled $305 million in comparison with $314 million within the prior interval and $262 million within the fourth quarter of 2023. The Firm produced 87,149 and three.2 million ounces of gold and silver, respectively, throughout the quarter. Metallic gross sales for the quarter totaled 85,555 ounces of gold and three.2 million ounces of silver. Common realized gold and silver costs for the quarter have been $2,399 and $31.11 per ounce, respectively, in comparison with $2,309 and $29.86 per ounce within the prior interval and $1,886 and $24.79 per ounce within the fourth quarter of 2023.

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Coeur generated $1.1 billion in income in 2024, in comparison with $821 million in 2023. Full-year gold and silver manufacturing totaled 341,582 and 11.4 million ounces, respectively, in comparison with 317,671 ounces of gold and 10.3 million ounces of silver in 2023. Metallic gross sales in 2024 included 340,816 and 11.4 million ounces of gold and silver, respectively. Common realized gold and silver costs for the yr have been $2,156 and $27.95 per ounce, respectively, in comparison with $1,825 and $24.21 per ounce in 2023.

Gold and silver gross sales represented 67% and 33% of quarterly income, respectively. For the complete yr, gold and silver gross sales accounted for 70% and 30% of income, respectively. The Firm’s U.S. operations accounted for about 71% and 64% within the fourth quarter and full-year income, respectively.

Adjusted prices relevant to gross sales per ounce¹ of gold and silver elevated 7% and eight% quarter-over-quarter, respectively, largely as a consequence of decrease gold manufacturing within the interval in addition to decrease silver manufacturing at Palmarejo, partially offset by increased manufacturing at Rochester. Common and administrative bills remained constant quarter-over-quarter at $11 million.

Coeur invested roughly $20 million ($17 million expensed and $4 million capitalized) in exploration throughout the quarter, in comparison with roughly $25 million ($20 million expensed and $5 million capitalized) within the prior interval. For the complete yr, the Firm invested roughly $77 million ($60 million expensed and $17 million capitalized) in comparison with roughly $41 million ($31 million expensed and $10 million capitalized) in 2023. See the “Operations” and “Exploration” sections for added element on the Firm’s exploration actions.

The Firm recorded earnings tax expense of roughly $18 million and $67 million throughout the fourth quarter and for the complete yr, respectively. Money earnings and mining taxes paid throughout the interval totaled roughly $12 million, bringing the full-year whole to $45 million. Money taxes paid in 2024 primarily mirror earnings and mining tax funds in Mexico. Coeur expects to pay roughly $75 – $85 million in money taxes throughout the first quarter of 2025 primarily on account of the sturdy operational efficiency at Palmarejo and the newly acquired Las Chispas operation.

Quarterly working money circulate totaled $64 million in comparison with $111 million within the prior interval. For the complete yr, working money circulate almost tripled to $174 million primarily pushed by sturdy operational efficiency within the second half of 2024.

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Fourth quarter capital expenditures have been $48 million in comparison with $42 million within the prior interval, bringing the full-year whole to $183 million and inside Coeur’s 2024 steering vary of $160 – $200 million. Sustaining and growth capital expenditures accounted for about $41 million and $7 million, or 85% and 15%, respectively, of Coeur’s whole capital funding throughout the quarter.

The Firm expects to generate adverse free money circulate throughout the first quarter as a consequence of one-time outflows, together with the beforehand talked about $75 – $85 million in money taxes, annual incentive plan funds, semi-annual curiosity on the Firm’s 5.125% Senior Notes due 2029, Rochester property taxes and SilverCrest transaction-related prices.

SilverCrest Acquisition Transaction

On February 14, 2025, Coeur closed on the acquisition of SilverCrest in an all-equity transaction. The acquisition positions Coeur as a number one international silver firm by including the high-grade, low-cost Las Chispas silver and gold operation in Sonora, Mexico to Coeur’s portfolio. Based mostly upon the closing inventory worth of Coeur’s inventory on February 14, 2025, the issuance of roughly 239 million shares within the transaction implied an acquisition worth of $1.58 billion.

The Firm expects prorated manufacturing reflecting 10.5 months of the yr for Las Chispas to be 42,500 – 52,500 ounces of gold and 4.25 – 5.25 million ounces of silver.

Coeur intends to use SilverCrest’s money and proceeds from the monetization of its bullion and completed items stock, internet of accounts payable balances, to excellent RCF and prepay balances.

Operations

Fourth quarter and full-year 2024 highlights for every of the Firm’s operations are supplied under.

Palmarejo, Mexico

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Operational

• Fourth quarter gold and silver manufacturing totaled 22,490 and 1.5 million ounces, respectively, in comparison with 27,549 and 1.8 million ounces within the prior interval and 25,401 and 1.6 million ounces within the fourth quarter of 2023. For the complete yr, gold and silver manufacturing totaled 108,666 and 6.8 million ounces, respectively, and exceeded 2024 steering ranges of 95,000 – 103,000 ounces of gold and 5.9 – 6.7 million ounces of silver
• Manufacturing throughout the quarter was primarily pushed by increased common silver recoveries, offset by decrease common gold and silver grades

Monetary

• Adjusted CAS¹ for gold and silver on a co-product foundation elevated 9% and 26% quarter-over-quarter to $894 and $15.92 per ounce, respectively, pushed by decrease metallic gross sales
• For the complete yr, adjusted CAS¹ for gold and silver on a co-product foundation totaled $892 and $14.28 per ounce, respectively, in comparison with $957 and $15.09 per ounce within the prior interval. Each gold and silver prices ended the yr under their 2024 steering ranges of $950 – $1,150 and $15.50 – $16.50 per ounce
• Capital expenditures elevated 24% quarter-over-quarter to $10 million, reflecting increased sustaining capital throughout the interval. For the complete yr, capital expenditures decreased 27% to $31 million
• Free money circulate¹ within the fourth quarter and full yr totaled $23 million and $108 million, respectively, in comparison with $48 million and $35 million within the prior durations

Exploration

• Exploration funding for the fourth quarter totaled roughly $4 million (considerably all expensed) in comparison with roughly $4 million (considerably all expensed) within the prior interval. For the complete yr, exploration funding elevated 69% to roughly $13 million (considerably all expensed)
• Seven rigs have been lively throughout the quarter, with three rigs centered on step-out drilling alongside the western extension of the Hidalgo hall. A brand new mineralized construction found in 2024 referred to as the Libertad Footwall has demonstrated splays and breccias much like these contained at Guadalupe and Independencia. Exploration drilling efficiently traced these Libertad buildings over 750 meters alongside strike. As well as, the 2024 drill program at Hidalgo and Libertad was a major contributor to inferred useful resource development. Profitable exploration additionally led to a maiden useful resource on the San Juan goal and an extension of the Guadalupe zone
• For the reason that acquisition of the Fresnillo claims in September 2024, a number of new veins and targets have been recognized by way of mapping and sampling. Vein extensions with the potential so as to add as much as 12 kilometers of cumulative strike size have been outlined to the southeast and instantly adjoining to current mining operations
• Priorities for 2025 embrace persevering with to construct the inferred useful resource base to create a robust basis for future conversion and reserve development. A key focus can be on validation and growth of historic sources on the southeast extension of Independencia / La Nacion, two vein buildings that stretch past the realm impacted by the gold stream. As well as, early-stage exploration is anticipated to begin within the japanese portion of the Palmarejo district. For the primary time ever, roughly 60% of deliberate annual exploration funding at Palmarejo is anticipated to be outdoors the realm affected by the gold stream with Franco-Nevada

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Different

• Roughly 47% and 35% of Palmarejo’s gold gross sales within the fourth quarter and full yr, respectively, have been offered underneath the gold stream settlement with Franco-Nevada at a worth of $800 per ounce, totaling 10,463 ounces within the fourth quarter and 37,894 ounces for the complete yr. The Firm anticipates roughly 40% – 50% of Palmarejo’s 2025 gold gross sales can be offered underneath the gold stream settlement

Steering

• Full-year 2025 manufacturing is anticipated to be 95,000 – 105,000 ounces of gold and 5.4 – 6.5 million ounces of silver
• CAS¹ in 2025 are anticipated to be $950 – $1,150 per gold ounce and $17.00 – $18.00 per silver ounce
• Capital expenditures are anticipated to be $26 – $32 million, consisting primarily of sustaining capital and underground growth
• Exploration funding in 2025 is anticipated to be $16 – $18 million (considerably all expensed)

Rochester, Nevada

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Operational

• Silver and gold manufacturing within the fourth quarter totaled 1.6 million and 15,752 ounces, respectively, in comparison with 1.2 million and 9,690 ounces within the prior interval and 1.3 million and 19,847 ounces within the fourth quarter of 2023. For the complete yr, silver manufacturing totaled 4.4 million ounces, which was under 2024 steering ranges of 4.8 – 6.6 million ounces, whereas gold manufacturing totaled 39,203 and was inside 2024 steering ranges of 37,000 – 50,000 ounces
• Ore tons positioned elevated 16% quarter-over-quarter to eight.2 million tons, which exceeded the fourth quarter goal of seven.0 – 8.0 million tons, and included roughly 5.1 million tons by way of the brand new crushing circuit and roughly 3.1 million tons of higher-grade backfill direct-to-pad materials positioned on the Stage 6 leach pad, which has supplied operational flexibility and helped guarantee steady manufacturing throughout deliberate and unplanned crusher downtime. Within the month of January 2025, ore tons positioned totaled 2.4 million tons
• Decrease than anticipated silver manufacturing throughout the quarter was primarily pushed by the timing of recovered ounces and better common total measurement of fabric positioned throughout the quarter

Monetary

• Fourth quarter adjusted CAS¹ for silver and gold on a co-product foundation totaled $17.96 and $1,495 per ounce, respectively, primarily pushed by increased metals gross sales
• Full-year adjusted CAS¹ for silver and gold on a co-product foundation totaled $20.07 and $1,663 per ounce, respectively, in comparison with $23.97 and $1,922 per ounce within the prior interval
• Capital expenditures elevated 38% quarter-over-quarter to $14 million, bringing the complete yr whole to $73 million in comparison with $263 million within the prior interval, reflecting the completion of the Rochester growth throughout the yr
• Free money circulate¹ within the fourth quarter and full-year totaled $12 million and $(68) million, respectively, in comparison with $(7) million and $(286) million within the prior durations

Exploration

• Exploration funding within the fourth quarter totaled roughly $4 million ($3 million expensed and $1 million capitalized) in comparison with roughly $3 million ($1 million expensed and $2 million capitalized) within the prior quarter. For the complete yr, exploration funding greater than doubled to $10 million ($5 million expensed and $5 million capitalized)
• Close to-term exploration aims at Rochester goal to enhance the grade profile of the present 16-year reserve-only mine life to reinforce money circulate
• Two rigs continued to drill the Wedge space of East Rochester throughout the fourth quarter. This diamond drill core program has efficiently outlined the continuation of mineralization alongside each the Weaver-Rochester contact and lengthy high-angle, higher-grade buildings. As well as, a thick wedge of colluvium that was beforehand thought-about waste was discovered to be mineralized. The geological understanding of this portion of the deposit, as a consequence of be mined from 2027 – 2032, is rising quickly and the up to date geological mannequin is anticipated to type the idea for an aggressive infill program in 2025 as soon as the overlying Stage 1 leach pad is unloaded
• Re-logging and re-interpretation of core and reverse circulation chips from legacy drillholes at Lincoln Hill throughout 2024 resulted in a brand new geological mannequin being accomplished throughout the quarter. Extra drilling to check this mannequin and broaden reserves and sources on this space are deliberate for 2024
• Drilling at Nevada Packard commenced throughout the quarter and is anticipated to verify the brand new geological mannequin and set up controls on higher-grade mineralization. This work is aimed toward assessing the upside potential for increased grades on the buildings within the Nevada Packard space to enhance the lifetime of mine grade profile

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Steering

• Full-year 2025 manufacturing is anticipated to be 7.0 – 8.3 million ounces of silver and 60,000 – 75,000 ounces of gold
• CAS¹ for 2025 are anticipated to be $14.50 – $16.50 per silver ounce and $1,250 – $1,450 per gold ounce
• Capital expenditures are anticipated to be $57 – $70 million, which displays an eight-million-ton stripping marketing campaign for the elimination of Stage 1 and a couple of leach pads to entry ore zones within the japanese portion of the open pit, modifications after startup of the crusher hall and closing negotiated fee with a key contractor of the growth development
• Exploration funding in 2025 is anticipated to be $13 – $16 million ($11 – $12 million expensed and $2 – $4 million capitalized)

Kensington, Alaska

Operational

• Gold manufacturing within the fourth quarter totaled 26,931 ounces in comparison with 24,104 ounces within the prior interval and 26,686 ounces within the fourth quarter of 2023. For the complete yr, gold manufacturing totaled 95,671 ounces and was throughout the 2024 steering vary of 92,000 – 106,000 ounces
• Larger manufacturing throughout the quarter was pushed by increased common recoveries and elevated tons milled

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Monetary

• Fourth quarter adjusted CAS¹ totaled $1,529 per ounce in comparison with $1,539 per ounce within the prior interval, reflecting elevated metallic gross sales. Full-year adjusted CAS¹ totaled $1,651 per ounce in comparison with $1,786 within the prior interval and was throughout the 2024 steering vary of $1,525 – $1,725 per ounce
• Capital expenditures decreased 6% quarter-over-quarter to $19 million. For the complete yr, capital expenditures elevated 29% to $69 million primarily pushed by the concentrate on capital growth to help the multi-year growth and exploration program aimed toward extending mine life
• Free money circulate¹ within the fourth quarter and full-year totaled $(10) million and $(28) million, respectively, in comparison with $18 million and $(49) million within the prior durations

Exploration

• Exploration funding within the fourth quarter totaled roughly $3 million ($1 million expensed and $2 million capitalized), in comparison with $5 million ($2 million expensed and $3 million capitalized) within the prior interval. For the complete yr, exploration funding totaled roughly $18 million ($6 million expensed and $12 million capitalized), in comparison with $18 million ($8 million expensed and $10 million capitalized) in 2023
• As much as three rigs have been lively at Kensington, with drilling centered on each infill and extension of the present useful resource boundaries at each the Kensington and Elmira deposits, with some drilling on scout targets in Decrease Kensington
• Drilling throughout 2024 led to the invention of a number of new mineralized zones together with the Elmira Hanging Wall mineralization, Zone 50 in Decrease Kensington and the up-dip extension of Zone 10A in Higher Kensington. Moreover, the primary detailed structural mannequin was accomplished for the Elmira deposit throughout the yr and is integrated into 2025 exploration focusing on and 2024 year-end useful resource modeling. An analogous research is anticipated to be undertaken in Higher and Decrease Kensington in 2025
• Drilling in 2025 is specializing in sustaining the lifetime of mine by way of growth of identified useful resource areas and figuring out higher-grade zones to enhance bulk mill feed grade. As well as, scout drilling is anticipated to happen on the newly recognized Elmira Hanging Wall goal and alongside the three,000-foot-long hole between the Kimberly and Elmira deposits

Steering

• Full-year 2025 manufacturing is anticipated to be 92,500 – 107,500 gold ounces
• CAS¹ in 2025 are anticipated to be $1,700 – $1,900 per gold ounce
• Capital expenditures are anticipated to be $55 – $64 million, which displays the completion of the multi-year growth and exploration program within the first half of the yr in addition to an $18 – 22 million funding to lift the primary tailings storage facility embankment as a part of the growth of the present facility, which is anticipated to be executed over the subsequent two years
• Exploration funding in 2025 is anticipated to be $11 – $14 million ($6 – 8 million expensed and $5 – $6 million capitalized)

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Wharf, South Dakota

Operational

• Gold manufacturing within the fourth quarter decreased 35% quarter-over-quarter to 21,976 ounces. For the complete yr, gold manufacturing totaled 98,042 ounces, exceeding the 2024 steering vary of 86,000 – 96,000 ounces
• Decrease manufacturing throughout the quarter was largely as a consequence of timing of ounces positioned on the leach pad within the prior quarter at a decrease common gold grade

Monetary

• Adjusted CAS¹ on a by-product foundation elevated 2% quarter-over-quarter to $902 per ounce, largely pushed by decrease metallic gross sales. Full-year adjusted CAS¹ totaled $934 per ounce and was under the 2024 steering vary of $950 – $1,050 per ounce
• Capital expenditures remained comparatively flat quarter-over-quarter at roughly $3 million
• Free money circulate¹ within the fourth quarter and full yr totaled $19 million and $95 million, respectively, in comparison with $49 million and $82 million within the prior durations. Larger free money circulate¹ for 2024 was largely pushed by increased metallic gross sales and is a file free money circulate¹ yr for the positioning

Exploration

• Exploration funding throughout the fourth quarter totaled $3 million (considerably all expensed), in comparison with $2 million (considerably all expensed) within the prior quarter. For the complete yr, exploration funding totaled $6 million (considerably all expensed), in comparison with $1 million (considerably all capitalized) in 2023
• Elevated exploration funding continued throughout the fourth quarter with two rigs endeavor growth and infill drilling on the North Foley deposit. This work has efficiently outlined mineralization over a brand new space of roughly 150,000 sq. toes adjoining to the Foley pit
• In 2025, growth and infill drilling is anticipated to proceed specializing in the Juno and North Foley deposits and is anticipated to meaningfully prolong mine life. Moreover, geophysical surveys are deliberate to assist in the delineation of recent drill targets to fill the pipeline for continued development and manufacturing

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Steering

• Full-year 2025 manufacturing is anticipated to be 90,000 – 100,000 gold ounces and 50,000 – 200,000 ounces of silver
• CAS¹ in 2025 are anticipated to be $1,250 – $1,350 per gold ounce
• Capital expenditures are anticipated to be $13 – $17 million, which displays elevated infill drilling anticipated to materially prolong the mine life in addition to different investments which is anticipated to be required to transform the Juno and North Foley deposits into reserves
• Exploration funding in 2025 is anticipated to be $7 – $10 million (considerably all expensed)

Exploration

In the course of the fourth quarter, Coeur invested roughly $20 million ($17 million expensed and $4 million capitalized), in comparison with roughly $25 million ($20 million expensed and $5 million capitalized) within the prior interval. For the complete yr, the Firm invested roughly $77 million ($60 million expensed and $17 million capitalized), in comparison with roughly $41 million ($31 million expensed and $10 million capitalized) in 2023.

The Firm’s exploration funding in 2025 is anticipated to whole $67 – $77 million for growth drilling (categorized as exploration expense) and $10 – $16 million for infill drilling (capitalized exploration).

High exploration priorities for the Firm’s 2024 exploration program have been achieved, together with: (1) Kensington reaching a 5 yr confirmed and possible reserve mine life; (2) outlining higher-grade buildings to reinforce the near-term margin and long run free money circulate profile of the newly-expanded Rochester; (3) considerably rising Palmarejo’s inferred sources; and (4) considerably enhancing the geological understanding of the evolving world-class polymetallic Silvertip system positioned in British Columbia.

At Silvertip, exploration funding totaled roughly $6 million within the fourth quarter, in comparison with $9 million within the prior interval. For the complete yr, exploration funding totaled roughly $27 million, which incorporates $16 million associated to underground mine growth and web site help prices, in comparison with $11 million in 2023.

At Silvertip, underground and floor drilling with three rigs wrapped up throughout the quarter. General, the 2024 three-pronged exploration technique was profitable on all fronts, together with: (1) extending alongside strike the important thing zones of the Southern Silver zone and Saddle zone from near-mine underground drilling; (2) intersecting huge sulfide mineralization in all 5 step-out drill holes on the Southern Silver zone; and (3) figuring out three new Silvertip lookalike buildings on the land bundle.

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In 2025, the exploration program is concentrated on extending and constructing the useful resource base adjoining to the present useful resource and additional rising the data of the district by way of follow-up of key targets outlined by the 2024 regional program.

The Firm expects exploration funding to be roughly $12 – $14 million at Silvertip 2025, which excludes $17 – $22 million associated to underground mine growth and web site help prices.

2025 Steering

Gold and silver manufacturing is anticipated to extend 20% and 62%, respectively, in comparison with 2024 based mostly on the midpoint of steering ranges. The rise is primarily pushed by the completion and ramp-up of Rochester final yr and the addition of Las Chispas in mid-February.

General value steering has elevated barely at Palmarejo, Kensington and Wharf in comparison with 2024.

The under exploration expense steering excludes $17 – $22 million of underground mine growth and help prices related to Silvertip.

Be aware that Las Chispas steering displays outcomes from the February 14 closing of the acquisition. Moreover, Las Chispas value steering excludes the results of the SilverCrest buy worth allocation.

2025 Manufacturing Steering

2025 Prices Relevant to Gross sales Steering

2025 Capital, Exploration and G&A Steering

Monetary Outcomes and Convention Name

Coeur will host a convention name to debate its fourth quarter and full-year 2024 monetary outcomes on February 20, 2025 at 11:00 a.m. Jap Time.

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Internet hosting the decision can be Mitchell J. Krebs, Chairman, President and Chief Government Officer of Coeur, who can be joined by Thomas S. Whelan, Senior Vice President and Chief Monetary Officer, Michael “Mick” Routledge, Senior Vice President and Chief Working Officer, Aoife McGrath, Senior Vice President of Exploration, and different members of administration. A replay of the decision can be accessible by way of February 27, 2025.

About Coeur

Coeur Mining, Inc. is a U.S.-based, well-diversified, rising treasured metals producer with 5 wholly-owned operations: the Las Chispas silver-gold mine in Sonora, Mexico, the Palmarejo gold-silver advanced in Chihuahua, Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska and the Wharf gold mine in South Dakota. As well as, the Firm wholly-owns the Silvertip polymetallic crucial minerals exploration venture in British Columbia.

Cautionary Statements

This information launch comprises forward-looking statements throughout the which means of securities laws in the USA and Canada, together with statements relating to money circulate, manufacturing development, prices, capital expenditures, exploration and growth efforts and plans and potential impacts on reserves and sources, mine lives and anticipated extensions, the gold stream settlement at Palmarejo, anticipated manufacturing, and prices and bills and operations at Las Chispas, Palmarejo, Rochester, Wharf and Kensington. Such forward-looking statements contain identified and unknown dangers, uncertainties and different components which can trigger Coeur’s precise outcomes, efficiency or achievements to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking statements. Such components embrace, amongst others, the chance that anticipated manufacturing, value and expense ranges aren’t attained, the dangers and hazards inherent within the mining enterprise (together with dangers inherent in creating and increasing large-scale mining initiatives, environmental hazards, industrial accidents, climate or geologically-related situations), adjustments out there costs of gold and silver and a sustained lower cost or increased remedy and refining cost surroundings, the uncertainties inherent in Coeur’s manufacturing, exploration and growth actions, together with dangers regarding allowing and regulatory delays (together with the influence of presidency shutdowns) and mining regulation adjustments, floor situations, grade and restoration variability, any future labor disputes or work stoppages (involving the Firm and its subsidiaries or third events), the chance of opposed outcomes in litigation, the uncertainties inherent within the estimation of mineral reserves and sources, impacts from Coeur’s future acquisition of recent mining properties or companies, dangers related to the continued integration of the latest acquisition of SilverCrest, the chance that the Rochester growth doesn’t maintain deliberate efficiency, the lack of entry or insolvency of any third-party refiner or smelter to whom Coeur markets its manufacturing, supplies and gear availability, inflationary pressures, continued entry to financing sources, the results of environmental and different governmental rules and authorities shut-downs, the dangers inherent within the possession or operation of or funding in mining properties or companies in international nations, Coeur’s potential to lift extra financing essential to conduct its enterprise, make funds or refinance its debt, in addition to different uncertainties and threat components set out in filings made every so often with the USA Securities and Alternate Fee, and the Canadian securities regulators, together with, with out limitation, Coeur’s most up-to-date report on Type 10-Ok. Precise outcomes, developments and timetables may range considerably from the estimates introduced. Readers are cautioned to not put undue reliance on forward-looking statements. Coeur disclaims any intent or obligation to replace publicly such forward-looking statements, whether or not on account of new data, future occasions or in any other case. Moreover, Coeur undertakes no obligation to touch upon analyses, expectations or statements made by third events in respect of Coeur, its monetary or working outcomes or its securities. This doesn’t represent a suggestion of any securities on the market.

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The scientific and technical data regarding our mineral initiatives on this information launch have been reviewed and authorised by a “certified particular person” underneath Merchandise 1300 of SEC Regulation S-Ok, specifically our Senior Director, Technical Providers, Christopher Pascoe. For an outline of the important thing assumptions, parameters and strategies used to estimate mineral reserves and mineral sources, in addition to knowledge verification procedures and a normal dialogue of the extent to which the estimates could also be affected by any identified environmental, allowing, authorized, title, taxation, sociopolitical, advertising or different related components, please evaluate the Technical Report Summaries for every of the Firm’s materials properties which can be found at www.sec.gov.

Coeur’s public disclosures, together with disclosures of mineral reserves and sources, are ruled by the U.S. Securities Alternate Act of 1934, together with Merchandise 1300 of SEC Regulation S-Ok. SilverCrest has historically disclosed estimates of Las Chispas “measured,” “indicated,” and “inferred” mineral sources as such phrases are utilized in Canada’s Nationwide Instrument 43-101. Though Merchandise 1300 of SEC Regulation S-Ok and NI 43-101 have comparable targets when it comes to conveying an applicable degree of confidence within the disclosures being reported, they at instances embody completely different approaches or definitions. Consequently, traders are cautioned that public disclosures by SilverCrest ready in accordance with NI 43-101 will not be akin to comparable data made public by corporations, together with Coeur, topic to Merchandise 1300 of SEC Regulation S-Ok and the opposite reporting and disclosure necessities underneath the U.S. federal securities legal guidelines and the principles and rules thereunder.

Non-U.S. GAAP Measures

We complement the reporting of our monetary data decided underneath United States usually accepted accounting rules (U.S. GAAP) with sure non-U.S. GAAP monetary measures, together with EBITDA, adjusted EBITDA, adjusted EBITDA margin, free money circulate, adjusted internet earnings (loss), working money circulate earlier than adjustments in working capital and adjusted prices relevant to gross sales per ounce (gold and silver) or pound (zinc or lead). We consider that these adjusted measures present significant data to help administration, traders and analysts in understanding our monetary outcomes and assessing our prospects for future efficiency. We consider these adjusted monetary measures are essential indicators of our recurring operations as a result of they exclude objects that will not be indicative of, or are unrelated to our core working outcomes, and supply a greater baseline for analyzing traits in our underlying companies. We consider EBITDA, adjusted EBITDA, adjusted EBITDA margin, free money circulate, adjusted internet earnings (loss) and adjusted prices relevant to gross sales per ounce (gold and silver) and pound (zinc and lead) are essential measures in assessing the Firm’s total monetary efficiency. For added rationalization relating to our use of non-U.S. GAAP monetary measures, please confer with our Type 10-Ok for the yr ended December 31, 2024.

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Notes

Common Spot Costs

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