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LBMA/LPPM Precious Metals Conference 01/10/2013
Session 6 ‐ Krebs 1
NYSE: CDE | TSX: CDM
LBMA Precious Metals ConferenceMitchell J. Krebs – President, Chief Executive and Director
The Future of Silver Mining
1st October, 2013
2NYSE: CDE | TSX: CDM
Cautionary Statements
This presentation contains numerous forward‐looking statements relating to Coeur’s business, including expectations as to anticipated operating results and production levels aswell as expectations regarding the results of the La Preciosa PEA, including estimation of mineral resources. Such forward‐looking statements are identified by the use of words such as“believes,” “intends,” “expects,” “hopes,” “may,” “should,” “will,” “plan,” “projected,” “contemplates,” “anticipates” or similar words. Actual results, performance or achievementscould differ materially from those projected in the forward‐looking statements. The factors that could cause actual results to differ materially from those in the forward‐lookingstatements include, among others: (i) the risk factors set forth in Coeur’s reports on Form 10‐K and Form 10‐Q; (ii) risks and hazards inherent in the mining business (including risksinherent in developing large‐scale mining projects, environmental hazards, industrial accidents, weather or geologically related conditions); (iii) changes in the market prices of goldand silver and a sustained lower price environment; (iv) uncertainties inherent in Coeur’s production, exploratory and developmental activities, including risks relating to permittingand regulatory delays; (v) any future labor disputes or work stoppages; (vi) uncertainties inherent in the estimation of gold and silver ore reserves; (vii) changes that could result fromCoeur’s future acquisition of new mining properties or businesses; (viii) reliance on third parties to operate certain mines where Coeur owns silver production and reserves; (ix) theloss of any third‐party smelter to which Coeur markets silver and gold; (x) effects of environmental and other governmental regulations; (xi) risks inherent in the ownership oroperation of or investment in mining properties or businesses in foreign countries; (xii) the worldwide economic downturn and difficult conditions in the global capital and creditmarkets; and (xiii) planned expansions at Rochester and San Bartolomé and related expected financial returns and development of the La Preciosa project. Coeur disclaims any intentor obligation to update publicly these forward‐looking statements, whether as a result of new information, future events or otherwise. The references herein are in U.S. dollars andU.S. customary units.
The La Preciosa PEA referenced in this presentation is preliminary in nature and it includes inferred mineral resources that are considered too speculative geologically to havethe economic considerations applied to them that would enable them to be characterized as mineral reserves and there is no certainty that the results reflected in the PEA will berealized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral resource estimates do not account for minability, selectivity, miningloss and dilution. There is no certainty that the inferred mineral resources will be converted to the measured and indicated categories or that the measured and indicated mineralresources will be converted to the proven and probable mineral reserve categories.
Donald J. Birak, Coeur's Senior Vice President of Exploration and a qualified person under Canadian National Instrument 43‐101, reviewed and approved the scientific andtechnical disclosures concerning Coeur's mineral projects contained herein. For a description of the key assumptions, parameters and methods used to estimate mineral reserves andresources, as well as data verification procedures and a general discussion of the extent to which the estimates may be affected by any known environmental, permitting, legal, title,taxation, socio‐political, marketing or other relevant factors, please see the Technical Reports for each of Coeur's properties as filed on SEDAR at www.sedar.com.
Cautionary Note to U.S. Investors – The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only thosemineral deposits that a company can economically and legally extract or produce. We use certain terms in this presentation, such as “measured,” “indicated,” “inferred”, and“resources” that are recognized by Canadian regulations, but that SEC guidelines generally prohibit U.S. registered companies from including in their filings with the SEC. U.S.investors are urged to consider closely the disclosure in our most recent Form 10‐K and Form 10‐Qwhich may be obtained from us, or from the SEC’s website at http://www.sec.gov.
LBMA/LPPM Precious Metals Conference 01/10/2013
Session 6 ‐ Krebs 2
3NYSE: CDE | TSX: CDM
Discussion Topics
▪ Industry overview
▪ Global silver reserve, resource and production trends
▪ Assessment of future mine supply of silver
▪ Current industry challenges
▪ Summary of Coeur Mining, Inc.
4NYSE: CDE | TSX: CDM
Positive Macroeconomic Picture for Precious Metals
▪ Challenging long‐term US economic outlook:▪ Continued budget deficits, growing national debt, aging demographics
▪ Mandatory outlays to increase +80% over next decade
▪ Activist Fed policies & continued fiscal stimulus creating financial imbalances
▪ Stronger recent U.S. economic data and USD has led to a surge in optimism and a precious metals sell‐off
▪ Global economic outlook:▪ Modest forecasted global GDP growth▪ Rising budget deficits and continued economic challenges in Europe
▪ Activist central bank policies & continued fiscal stimulus
▪ Slower growth in China/developing economies
Annual U.S. Fiscal Surplus/(Deficit)
Projected US national debt (trillions)
$0
$5
$10
$15
$20
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
‐$2,000
‐$1,750
‐$1,500
‐$1,250
‐$1,000
‐$750
‐$500
‐$250
$0
$250
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Source: CBO
LBMA/LPPM Precious Metals Conference 01/10/2013
Session 6 ‐ Krebs 3
5NYSE: CDE | TSX: CDM
0
200
400
600
800
1,000
1,200
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Million ounces
Mine Production Net Government Sales
Scrap Producer Hedging
Implied Net Disinvestment
0
200
400
600
800
1,000
1,200
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012Million ounces
Industrial Applications Photography
Jewelry Silverware
Coins & Medals Producer De‐Hedging
Implied Net Investment
Source: Thomson Reuters GFMS
▪ One billion ounce industry; $20 billion market size
▪ Diverse, balanced, and growing demand profile
▪ Industrial applications (~55%)
▪ Investment demand (~20%)
▪ Jewelry demand (~25%)
▪ New uses, rising electronics demand in emerging markets, and physical‐backed ETFs fueling demand growth
▪ Investment demand key to maintaining prices
▪ Limited growth in total silver supply
▪ Mine production provides 75% of total supply
▪ Scrap represents the remaining 25%
▪ Mine supply projected to grow at a net 1% CAGR through 2020
▪ By‐product output, greater uncertainty surrounding new projects, and lack of new discoveries impact the outlook for supply
World silver supply
Silver Industry Overview
World silver demand
Source: Thomson Reuters GFMS
NYSE: CDE | TSX: CDM 6
Silver Resources and Reserves by Country
Source: Metals Economics Group
The top 10 silver countries by resource collectively contribute ~80% of the world’s known silver supply
Rank Country ResourceResource
ContributionReserve
Reserve Contribution
(mm oz Ag) (%) (mm oz Ag) (%)
1 Mexico 10,664 18% 3,472 20%
2 United States 7,137 12% 1,615 9%
3 Peru 6,357 11% 2,438 14%
4 Bolivia 4,986 8% 772 5%
5 Australia 4,211 7% 916 5%
6 China 3,781 6% 1,013 6%
7 Canada 3,704 6% 781 5%
8 Argentina 2,525 4% 550 3%
9 Poland 2,240 4% 1,339 8%
10 Russia 2,188 4% 1,115 7%
Other 12,386 21% 3,099 18%
LBMA/LPPM Precious Metals Conference 01/10/2013
Session 6 ‐ Krebs 4
NYSE: CDE | TSX: CDM 7
Country Silver Producer Ranking
Ranking Country Output (mm oz)
2011 2012 2011 2012
1 1 Mexico 154 162
3 2 China 105 117
2 3 Peru 110 111
4 4 Australia 56 57
8 5 Russia 39 45
6 6 Poland 41 41
7 7 Bolivia 39 40
5 8 Chile 41 37
9 9 United States 36 33
10 10 Argentina 23 24
11 11 Canada 19 21
12 12 Kazakhstan 18 18
17 13 India 8 13
14 14 Sweden 9 10
13 15 Turkey 9 8
16 16 Morocco 8 7
15 17 Guatemala 9 7
18 18 Indonesia 6 4
19 19 Islamic Rep. of Iran 3 3
21 20 South Africa 3 3
Rest of the World 25 26
Total 757 787Source: GFMS World Silver Survey 2013Note: Rankings of silver production, primary product and by‐product, by country
China a major silver producer; production largely from private sources
Top 5 producing countries were responsible for 63% of silver mined in 2012
8NYSE: CDE | TSX: CDM
Global Silver Production by Region
Source: GFMS, BMO Capital Markets
4‐5% “gross” annual production growth assumes several mines currently “at risk”
LBMA/LPPM Precious Metals Conference 01/10/2013
Session 6 ‐ Krebs 5
NYSE: CDE | TSX: CDM 9
New Silver Mines Expected by 2018
Cerro MoroCerro Negro
Fuwan
GC Project
Pascua Llama
InmaculadaAzucaCoraniSan Luis
Escobal
Del ToroSan JulianJuanicipio
Hycroft
New mine development heavily concentrated in Latin and South America
Source: BMO Capital Markets Equity ResearchNote: Considers public companies only; projects entering production by 2018
NYSE: CDE | TSX: CDM 10
New Mines ‐ Expected Annual Silver Production
Potential for 15 new mines and 129 million oz of new silver production by 2018
0
5
10
15
20
25
30
Average Annual Silver Production (m
m oz)
2013 Projects 2014 Projects 2015 Projects 2016 Projects 2017 Projects 2018 Projects
New production largely driven by a small number of large projects
Source: BMO Capital Markets Equity ResearchNote: Based on BMO Capital Markets Equity Research coverage universe of public mining companies
LBMA/LPPM Precious Metals Conference 01/10/2013
Session 6 ‐ Krebs 6
NYSE: CDE | TSX: CDM 11
Forecast New Silver Mine Production
0
50
100
150
200
2013E 2014E 2015E 2016E 2017E 2018E 2019E 2020E 2021E 2022E
Annual Silver Production (mm oz)
Mexico Peru Argentina Chile Guatemala China USAChile
Mexico
Peru
Guatemala
USA
Argentina
China
2016E New Production by Location New Production By Location
Chile
Mexico
Peru
Guatemala
USA
Argentina
China
2018E New Production by Location
New silver production is heavily focused in the Americas with Chile, Mexico and Peru responsible for most silver production growth
Source: BMO Capital Markets Equity ResearchNote: Considers select public company projects only
NYSE: CDE | TSX: CDM 12
Top Producing Primary Silver Mines
Rank Mine Country Company 2011 2012
mm oz mm oz
1 Cannington(1) Australia BHP Billiton 32.2 32.2
2 Fresnillo Mexico Fresnillo 30.3 26.4
3 Dukat(2) Russia Polymetal International 13.6 15.5
4 Uchucchacua Peru Compañia de Minas Buenaventura S.A.A. 10.1 11.3
5 Pirquitas Argentina Silver Standard Resources 7.1 8.6
6 Palmarejo Mexico Coeur Mining 9.0 8.2
7 Pallancata Peru Hochschild Mining / International Minerals 8.8 7.4
8 Saucito Mexico Fresnillo 5.9 7.1
9 Gümüsköy(3) Turkey Eti Gümüş A.Ş. 8.4 6.4
10 Greens Creek United States Hecla 6.5 6.4
11 San José Argentina Hochschild Mining / McEwen Mining 5.9 6.0
12 San Bartolomé Bolivia Coeur Mining 7.5 5.9
13 Arcata Peru Hochschild Mining 6.1 5.5
14 Imiter(3) Morocco Société Métallurgique d’Imiter 6.0 5.5
15 Alamo Dorado Mexico Pan American Silver 5.3 5.4
Source: GFMS World Silver Survey 20131. Reported payable metal in concentrate2. Including Goltsovoye3. Estimate
5 of the top 15 silver producing mines currently expected to close by 2020, significantly impacting silver supply
LBMA/LPPM Precious Metals Conference 01/10/2013
Session 6 ‐ Krebs 7
13NYSE: CDE | TSX: CDM
Industry Assessment: Overview
Key industry themes
Competition from
ETFs
Investors seeking precious metals exposure have access to ETFs and ETF like products ETF investments eliminate operating risks associated with mining equity investments,
providing pure metal exposure in an easily accessible format
Multiple
compression
Structural shifts, including introduction of ETFs and precious metals streaming companies, contributing to erosion of the precious metal premium
Cash cost inflation
labour costs, in‐country currency appreciation and declining grades contributing to industrywide cost inflation, leading to margin compression despite strong commodity prices
Analysis of “total costs” or “all‐in‐costs” per oz considered to be more representative of operational performance than cash costs, which tell part of the story
Undisciplined
capital
management
Growth for growth sake investments; investments in low IRR projects to show production growth
Development cost overruns and substantial asset write downs
Focus on return of
capital
Investor demand for dividends in recent years has been driven by both the desire for return of capital as silver prices continued to set new records, but also to impose financial discipline on companies that have reinvested in growth at diminished returns
Share price
performance
Mining equities face a greater risk profile and have recently underperformed relative to silver and ETF‐like investments
Recent political announcements and generally positive operating results from precious metals companies beginning to change market momentum and show early signs of positive change in investor sentiment
14NYSE: CDE | TSX: CDM
Silver Fundamentals: ETF Holdings Key Driver
▪ Investment demand via ETF holdings continues to represent a meaningful portion of silver demand▪ Expected to represent ~30% of 2013E silver demand
Source: Bloomberg, BMO Capital Markets
LBMA/LPPM Precious Metals Conference 01/10/2013
Session 6 ‐ Krebs 8
NYSE: CDE | TSX: CDM 15
Countries with Proposed Tax Changes
Brazil
In the past year, 18 countries / major jurisdictions haveannounced or proposed changes to their tax code for mining companies
Mexico
Argentina
Honduras
South Africa
Rwanda
Quebec
Namibia
Ecuador
Australia
Madagascar
Ivory Coast
Tanzania
Mongolia
Source: Public disclosure
Ghana
New Zealand
Nevada
Bolivia
NYSE: CDE | TSX: CDM 16
Increasing Cost of Silver Mining
All‐In‐Costs have grown along side silver prices, leaving all‐in margins very thin across the industry
Source: BMO Capital MarketsNote: All‐In‐Sustaining‐Cost calculated as Total Cash Costs + Corp. G&A & Other + Exploration Expense + Brownfield Capital; After‐Tax‐All‐In‐Sustaining‐Cost calculated as All‐In‐Sustaining‐Cost+ Tax and Interest;All‐In‐Cost calculated as After‐Tax‐All‐In‐Sustaining‐Cost + Greenfield Capital
‐‐
$5.00
$10.00
$15.00
$20.00
$25.00
$30.00
$35.00
$40.00
2009 2010 2011 2012
Cash Costs (US$/oz Ag)
Cash Cost All‐In‐Sustaining‐Cost After Tax AISC All‐In‐Cost Silver Price
LBMA/LPPM Precious Metals Conference 01/10/2013
Session 6 ‐ Krebs 9
NYSE: CDE | TSX: CDM 17
Silver Equities Performance Over Time
Spot silver has outperformed senior silver producers since the beginning of 2008
133.9
63.8
--
50.0
100.0
150.0
200.0
250.0
300.0
350.0
31-Dec-07 31-Dec-08 31-Dec-09 31-Dec-10 31-Dec-11 31-Dec-12
Spot Silver Senior Silver Producers
Source: FactSetNote: Total return calculated in USD and adjusted for reinvested dividends
NYSE: CDE | TSX: CDM 18
Silver Company Financing Activity
Financing volumes and values have reduced dramatically over the past 5 years; exploration companies have not had access to capital in recent years
Source: BMO Capital Markets, public disclosureNote: Shown in millions of C$; select primary silver explorers, developers, and producers shown
Explorers 6 2 1 ‐‐ ‐‐Developers 4 14 9 5 3Producers 13 10 3 1 5
$1,202
$569
$89 $35
$617
$65 $1,149
$180 $90
$20
$40
$19
$3
23
26
13
6
8
2009 2010 2011 2012 2013
Producers Developers Explorers Annual Total (# Financings)
Value driven primarily by two large financings, which account for 88% of all silver financing value year to date
LBMA/LPPM Precious Metals Conference 01/10/2013
Session 6 ‐ Krebs 10
NYSE: CDE | TSX: CDM 19
Mining Company Cash Positions
More than 85% of TSX Venture Exchange and 30% of TSX listed mining companies have a cash balance of less than C$2.0 mm
Cash Balance Range(C$mm)
Number of Companies
% of Companies
<$1.0 820 78%
$1.0 to $2.0 84 8%
$2.0 to $4.0 64 6%
$4.0 to $6.0 22 2%
$6.0 to $8.0 15 1%
$8.0 to $10.0 8 1%
>$10.0 33 3%
Source: FactSetNote: Based on latest period cash position where available
Cash Balance Range(C$mm)
Number of Companies
% of Companies
<$1.0 71 24%
$1.0 to $2.0 21 7%
$2.0 to $4.0 32 11%
$4.0 to $6.0 16 5%
$6.0 to $8.0 17 6%
$8.0 to $10.0 9 3%
>$10.0 134 45%
TSX
TSX Venture
20NYSE: CDE | TSX: CDM
Recent Rise in Exploration Activity Not Yet Generating New Discoveries
0%
100%
200%
300%
400%
500%
600%
700%
1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Level of Global Exploration Investment Tracks Metals Prices
Global Exploration Investment Avg Gold Price Avg Silver PriceSource: CIBC; Metals Economics Group
LBMA/LPPM Precious Metals Conference 01/10/2013
Session 6 ‐ Krebs 11
21NYSE: CDE | TSX: CDM
About Coeur Mining, Inc.
▪ America’s largest silver producer; world’s 9th largest
▪ Produced 18.0 million ounces of silver and 226,000 ounces of gold in 2012 from five operations in four countries
▪ US$895 million in 2012 net metal sales
▪ NYSE and TSX listed with US$1.6 billion market capitalization1
1. As of August 22, 2013
22NYSE: CDE | TSX: CDM
Expanding Portfolio of Precious Metals Assets
Total1, 2 Silver Ounces (000s)
Gold Ounces (000s)
Proven & Probable Reserves 220,439 1,988
Measured & Indicated Resources*
451,202 2,705
Inferred Resources* 103,981 836
*Includes La Preciosa.
Apogee Silver Bolivia & Chile
SoltoroMexico
Silver Bull Resources Mexico
Caracara SilverPeru
Endeavor Mine, Australia2012: 0.7M oz Ag2013E: 0.6M – 0.8M oz Ag
Rochester Mine, Nevada2012: 2.8M oz Ag; 38,071 oz Au2013E: 4.1M ‐ 4.5M oz Ag; 38,000 ‐ 42,000 oz Au
Operation
Feasibility stage project
San Bartolomé Mine, Bolivia2012: 5.9M oz Ag2013E: 5.6M ‐ 5.9M oz Ag
Palmarejo Mine, Mexico2012: 8.2M oz Ag; 106,038 oz Au2013E: 7.7M ‐ 8.3M oz Ag; 104,000 – 109,000 oz Au
Investment
Mineral reserves and resources effective December 31, 2012 except La Preciosa, updated effective June 26, 2013. See slides in the Appendix for tons and grade pertaining to mineral reserves and resources. La Preciosa was part of Coeur’s acquisition of Orko Silver Corp, which closed on April 16, 2013.
Kensington Mine, Alaska2012: 82,125 oz Au2013E: 108,000 ‐ 114,000 oz Au
Pershing Gold Nevada, USA
International Northair MinesMexico
Commonwealth Silver and GoldArizona, USA
Huldra Silver Canada
Joaquin Silver‐Gold Project1
Argentina
La Preciosa, Mexico2
Measured &Indicated resources1:Ag : 146 million oz Au: 278,000 ozInferred resources:Ag: 38 million ozAu: 60,000 oz
LBMA/LPPM Precious Metals Conference 01/10/2013
Session 6 ‐ Krebs 12
NYSE: CDE | TSX: CDM 23
Substantial and Sustainable Annual Production Base
2.0
1.5
0.8
0.2
Palmarejo
San Bartolomé
Rochester
Endeavor
28,191
9,404
23,162Palmarejo
Rochester
Kensington
46,11572,112
157,062
220,382 226,486
250,000‐265,000
2008 2009 2010 2011 2012 2013E
ounces
Silver Production
2Q 2013 Silver Production by Mine (millions of ounces)
12.0
16.9 16.819.1
18.018.0‐19.5
2008 2009 2010 2011 2012 2013E
millions of ounces
2Q 2013 Gold Production by Mine
Gold Production
1. Guidance as published by Coeur on August 8, 2013
Appendix
LBMA/LPPM Precious Metals Conference 01/10/2013
Session 6 ‐ Krebs 13
25NYSE: CDE | TSX: CDM
Year End 2012 Location Short tonsGrade (oz/ton) Ounces (contained)
Silver Gold Silver Gold
Proven Reserves
Rochester Nevada, USA 56,304,000 0.54 0.004 30,501,000 230,000
Martha Argentina ‐ ‐ ‐ ‐ ‐
San Bartolomé Bolivia 1,187,000 2.92 ‐ 3,460,000 ‐
Kensington Alaska, USA 647,000 ‐ 0.277 ‐ 179,000
Endeavor Australia 2,258,000 4.32 ‐ 9,757,000 ‐
Palmarejo Mexico 5,747,000 4.67 0.061 26,858,000 348,000
Total Proven Reserves 66,143,000 70,577,000 757,000
Probable Reserves
Rochester Nevada, USA 23,619,000 0.61 0.003 14,396,000 78,000
Mina Martha Argentina ‐ ‐ ‐ ‐ ‐
San Bartolomé Bolivia 41,699,000 2.53 ‐ 105,628,000 ‐
Kensington Alaska, USA 4,020,000 ‐ 0.208 ‐ 837,000
Endeavor Australia 2,508,000 1.43 ‐ 3,588,000 ‐
Palmarejo Mexico 7,105,000 3.69 0.045 26,251,000 317,000
Total Probable Reserves 78,951,000 149,863,000 1,231,000
Proven and Probable Reserves
Rochester Nevada, USA 79,923,000 0.56 0.004 44,896,000 308,000
Martha Argentina ‐ ‐ ‐ ‐ ‐
San Bartolomé Bolivia 42,886,000 2.54 ‐ 109,088,000 ‐
Kensington Alaska, USA 4,667,000 ‐ 0.218 ‐ 1,016,000
Endeavor Australia 4,766,000 2.80 ‐ 13,345,000 ‐
Palmarejo Mexico 12,852,000 4.13 0.052 53,110,000 665,000
Total Proven and Probable 145,094,000 220,439,000 1,988,000
Coeur’s Mineral Reserves 2012
26NYSE: CDE | TSX: CDM
Year end 2012 Location Short tonsGrade (oz/ton) Ounces (contained)
Silver Gold Silver Gold
Measured Resources
Rochester Nevada, USA 135,558,000 0.47 0.004 63,921,000 498,000
Martha Argentina ‐ ‐ ‐ ‐ ‐
San Bartolomé Bolivia ‐ ‐ ‐ ‐ ‐
Kensington Alaska, USA 382,000 ‐ 0.239 ‐ 91,000
Endeavor Australia 10,639,000 1.98 ‐ 21,088,000 ‐
Palmarejo Mexico 3,186,000 7.13 0.099 22,720,000 315,000
Joaquin Argentina 5,942,000 4.58 0.003 27,191,000 19,000
La Preciosa Mexico 12,664,000 2.78 0.005 35,194,000 68,000
Total Measured Resources 168,371,000 170,114,000 991,000
Indicated Resources
Rochester Nevada, USA 128,724,000 0.44 0.003 56,795,000 367,000
Mina Martha Argentina 57,000 13.57 0.017 775,000 1,000
San Bartolomé Bolivia 20,040,000 2.27 ‐ 45,463,000 ‐
Kensington Alaska, USA 2,224,000 ‐ 0.196 ‐ 435,000
Endeavor Australia 302,000 10.23 ‐ 3,090,000 ‐
Palmarejo Mexico 20,526,000 1.12 0.032 23,021,000 649,000
Joaquin Argentina 11,398,000 3.33 0.004 37,980,000 42,000
Lejano Argentina 1,233,000 2.42 0.008 2,983,000 10,000
La Preciosa Mexico 44,576,000 2.49 0.005 110,979,000 209,000
Total Indicated Resources 229,080,000 281,086,000 1,713,300
Measured and Indicated Resources
Rochester Nevada, USA 264,283,000 0.46 0.003 120,717,000 865,000
Martha Argentina 57,000 13.57 0.017 775,000 1,000
San Bartolomé Bolivia 20,040,000 2.27 ‐ 45,463,000 ‐
Kensington Alaska, USA 2,606,000 ‐ 0.202 ‐ 526,000
Endeavor Australia 10,941,000 2.21 ‐ 24,179,000 ‐
Palmarejo Mexico 23,712,000 1.93 0.041 45,741,000 964,000
Joaquin Argentina 17,340,000 3.76 0.004 65,171,000 61,000
Lejano Argentina 1,233,000 2.42 0.008 2,983,000 10,000
La Preciosa Mexico 57,240,000 2.55 0.005 146,173,000 278,000
Total Measured and Indicated 397,452,000 451,202,000 2,705,000
Coeur’s Measured and Indicated Mineral Resources 2012(Excluding Reserves)
LBMA/LPPM Precious Metals Conference 01/10/2013
Session 6 ‐ Krebs 14
27NYSE: CDE | TSX: CDM
Year end 2012 Location Short tonsGrade (oz/ton) Ounces
Silver Gold Silver Gold
Inferred Resources
Rochester Nevada, USA 45,643,000 0.60 0.003 27,201,000 123,000
Martha Argentina 204,000 4.75 0.005 969,000 1,000
San Bartolomé Bolivia 2,826,000 1.17 ‐ 3,319,000 ‐
Kensington Alaska, USA 704,000 ‐ 0.244 ‐ 172,000
Endeavor Australia 3,527,000 1.09 ‐ 3,836,000 ‐
Palmarejo Mexico 11,903,000 1.86 0.038 22,104,000 457,000
Joaquin Argentina 1,060,000 2.94 0.003 3,113,000 4,000
Lejano Argentina 3,307,000 1.73 0.006 5,713,000 19,000
La Preciosa Mexico 19,504,000 1.93 0.003 37,726,000 60,000
Total Inferred Resources 88,678,000 103,981,000 836,000
Notes to the above mineral reserves and resources:1. Effective December 31, 2012, except for La Preciosa, which is effective June 26, 2013.2. Metal prices used for mineral reserves were $27.50 US per ounce of silver and $1,450 US per ounce of gold, except Endeavor at $2,200 per metric ton of
lead, $2,200 per metric ton of zinc and $34 per ounce of silver. Metal prices used for mineral resources, except for La Preciosa (see note 8 below) were $33 per ounce of silver and $1,700 per ounce of gold except Endeavor at $2,200 per metric ton of lead, $2,200 per metric ton of zinc and $34 per ounce of silver.
3. Palmarejo mineral resources are the addition of Palmarejo, Guadalupe and La Patria (measured, indicated and inferred).4. Mineral resources are in addition to mineral reserves and have not demonstrated economic viability. Inferred mineral resources are considered too
speculative geologically to have the economic considerations applied to them that would enable them to be considered for estimation of Mineral Reserves.5. Current mineralized material estimates for Rochester were determined in part from mineralized historic surface stockpiles.6. Rounding of tons and ounces, as required by reporting guidelines may result in apparent differences between tons, grade and contained metal content.7. For details on the estimation of mineral resources and reserves for each property, please refer to the applicable Technical Report on file at
www.sedar.com. 8. La Preciosa mineral resources are effective June 26, 2013. La Preciosa mineral resources’ prices used were $27.45 per silver ounce and $1,508 per gold
ounce. There are no mineral reserves at La Preciosa. The NI 43‐101‐compliant Technical Report, disclosing results of the PEA, is available on www.sedar.com.
Coeur’s Inferred Mineral Resources 2012
28NYSE: CDE | TSX: CDM
Mitchell J. Krebs – President and Chief Executive Officer. Mr. Krebs has been with Coeur for 17 years holding various progressive positions. Mr. Krebswas most recently the Chief Financial Officer, and prior thereto was Senior Vice President of Corporate Development. He is a graduate of The WhartonSchool of the University of Pennsylvania and holds an MBA from Harvard University.
Peter C. Mitchell – Senior Vice President and Chief Financial Officer. Mr. Mitchell most recently served as Chief Financial Officer of Taseko Mines Ltd., aposition he held since 2008. Prior to that he has served in a number of executive positions for educational institutions and in the paper and packagingindustries. Mr. Mitchell, who is a Chartered Accountant, brings extensive capital markets experience to Coeur.
Frank L. Hanagarne, Jr. – Senior Vice President and Chief Operating Officer. Prior to his most recent appointment, Mr. Hanagarne was Coeur’s ChiefFinancial Officer. He previously served as Chief Operating Officer of Valcambi, SA, a precious metal refiner in Switzerland, in which Newmont MiningCorporation has an equity interest. Mr. Hanagarne was previously Director of Corporate Development for Newmont.
Donald J. Birak – Senior Vice President, Exploration. Prior to that Mr. Birak was Vice President of Exploration for AngloGold North America, Inc. and VicePresident of Exploration for Hudson Bay Mining and Smelting Co. Ltd. In March 2001, Mr. Birak was co‐recipient of the Bill Dennis Prospector of the YearAward presented by the Prospectors and Developers Association of Canada.
Joe Phillips – Senior Vice President and Chief Development Officer. Mr. Phillips brings 40 years of experience in mine development and operations. Mostrecently, Mr. Phillips served as Senior Vice President of Operations and Development and acting Chief Operating Officer at Silver Standard Resources. Hepreviously served as Senior Vice President of Project Development at Pan American Silver.
Luke J. Russell – Senior Vice President, Environment and Community. Mr. Russell was previously Vice President of Environmental Services at Coeur. Priorto that, he was Coeur d’Alene Basin Project Manager for the State of Idaho’s Department of Environmental Quality. Mr. Russell was also previouslyDirector of Environmental and Government Affairs for Coeur from 1995 to 2000.
Humberto Rada – President, Coeur South America and of Coeur’s Bolivian subsidiary Empresa Minera Manquiri, S.A. Mr. Rada was previously GeneralManager for Newmont Mining Corporation’s Bolivian company Inti Raymi. Mr. Rada is currently President of Bolivia’s National Mining Association andhas over 23 years of experience in South American mining and finance.
Mike Harrison – Vice President, Business Development. Mr. Harrison was previously Director of Investment Banking for the mining group at CormarkSecurities, Inc. With an extensive background in investment banking, Mr. Harrison’s previous experience included working for BHP Billiton’s GlobalExploration Group for several years.
Keagan J. Kerr – Vice President, Human Resources and Communications. Mr. Kerr was formerly Regional Manager for Talent Management and Learning& Development for the Australia Pacific region of Barrick Gold Corporation. Prior to that, he served as Manager of Organizational Development at theBarrick Cortez operation in Nevada. He has many years of experience in all aspects of human resources at large‐scale global mining operations.
Casey M. Nault – Vice President, General Counsel and Secretary. Mr. Nault is an experienced corporate and securities lawyer, including prior in‐housepositions with Starbucks and Washington Mutual and law firm experience with Graham & Dunn in Seattle and Gibson, Dunn & Crutcher in Los Angeles.His experience includes securities compliance, corporate governance, mergers and acquisitions, securities offerings and other strategic transactions.
Senior Management
LBMA/LPPM Precious Metals Conference 01/10/2013
Session 6 ‐ Krebs 15
29NYSE: CDE | TSX: CDM
Robert E. Mellor – Chairman of the Board. Former Chairman, Chief Executive Officer and President of Building Materials Holding Corporation. Mr.Mellor brings public company board experience through his service on the boards of The Ryland Group, Inc., Monro Muffler/Brake, Inc. and StockBuilding Supply Holdings, Inc. Mr. Mellor has experience in leadership, risk management, operations and strategic planning.
Mitchell J. Krebs – President and Chief Executive Officer. (See prior slide.)
Linda L. Adamany – Current member of the board of directors of AMEC plc, an engineering, project management and consultancy company since2012. She is a former member of board of directors of National Grid plc, an electricity and gas generation, transmission and distribution companyfrom 2006 to 2012. With 35 years of experience in global industries including at BP from 1980 until her retirement in 2008, Ms. Adamany brings tothe Board leadership, financial and accounting expertise.
Kevin S. Crutchfield – Chairman and Chief Executive Officer of Alpha Natural Resources, Inc. since its formation in 2003, and Vice Chairman of theNational Mining Association and the American Coalition for Clean Coal Electricity. As a 25‐year coal industry veteran, Mr. Crutchfield brings with himtechnical, operating and executive management experience.
Sebastian Edwards – Henry Ford II Professor of International Business Economics at the Anderson Graduate School of Management at the Universityof California, Los Angeles (UCLA). Chairman of the Inter American Seminar of Economics from 1987 to present; member of the Scientific AdvisoryCouncil of the Kiel Institute of World Economics in Germany from 2002 to present. Mr. Edwards brings to the Board international, government,economics and financial expertise.
Randolph E. Gress – Chairman, Chief Executive Officer and Director of Innophos Holdings, Inc, a leading producer of specialty nutrition ingredients.Prior to joining Innophos in 2004, Mr. Gress held various positions including Global President of Specialty Phosphates and Vice President and GeneralManager of the NA Sulfuric Acid and Regeneration Businesses for Rhodia SA’s North American specialty phosphate business, and served in variousroles at FMC Corporation, including corporate strategy and various manufacturing, marketing and supply chain positions.
John H. Robinson – Chairman of Hamilton Ventures LLC (consulting and investment) since founding the firm 2006. As a current or former chairman,executive director and board member of various companies, Mr. Robinson possesses leadership, talent management strategic planning andoperations experience.
J. Kenneth Thompson – President and Chief Executive Officer of Pacific Star Energy, LLC (private energy investment firm in Alaska). Through Mr.Thompson’s various executive positions, he brings to the Board leadership, risk management, operations, strategic planning and industry experience.Mr. Thompson additionally has government and regulatory experience through his work in other highly regulated industries such as the oil and gas,energy and airlines industries.
Board of Directors
30NYSE: CDE | TSX: CDM
Head Office: Coeur Mining, Inc.
Chicago, IL 60601
Main Tel: (208) 667‐3511
Stock Tickers: CDE: NYSE; CDM: TSX
Warrant Tickers: CDE.WS: NYSE; CDM.WT: TSX
Website: www.coeur.com
Bridget FreasDirector, Investor [email protected]
Contact Information
Donna MirandolaDirector, Corporate [email protected]