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Coeur Mining, Inc.

For the period ended May 12, 2026. Filed Apr 1, 2026.

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May 12, 2026 · Filed Apr 1, 2026

CDE$15.47+5.7%Stored close · as of Nov 6, 2026
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Contents

Appendix A – Certain Additional Information

Appendix A

Certain Additional Information

Reconciliation of Non-U.S. GAAP Information

Non-GAAP financial measures are intended to provide additional information only and do not have any standard meaning prescribed by generally accepted accounting principles (“GAAP”). These measures should not be considered in isolation or as a substitute for performance measures prepared in accordance with GAAP.

Management uses EBITDA to evaluate the Company’s operating performance, to plan and forecast its operations, and assess leverage levels and liquidity measures. The Company believes the use of EBITDA reflects the underlying operating performance of our core mining business and allows investors and analysts to compare results of the Company to similar results of other mining companies. Adjusted EBITDA is the basis of a measure used in the indenture governing the 2029 Senior Notes and the RCF to determine our ability to make certain payments and incur additional indebtedness. EBITDA and Adjusted EBITDA do not represent, and should not be considered an alternative to, Net income (Loss) or Cash Flow from Operations as determined under GAAP. Other companies may calculate Adjusted EBITDA differently and those calculations may not be comparable to our presentation. Adjusted EBITDA is reconciled to Net income (loss) in the following table:

Adjusted EBITDA Reconciliation

($ thousands)202520242023
Net income (loss)585,87258,900(103,612)
Interest expense, net of capitalized interest30,94251,27629,099
Income tax provision96,66667,45035,156
Amortization251,099124,97499,822
EBITDA$964,579$302,600$60,465
Fair value adjustments, net342—(3,384)
Foreign exchange (gain) loss(1,429)(4,753)459
Loss on sale of assets and securities6984,25025,197
RMC bankruptcy distribution(37)(1,294)(1,516)
Loss on debt extinguishment(113)(417)(3,437)
Asset retirement obligation accretion19,69716,77816,405
Inventory adjustments and write-downs6,2658,04243,188
Other adjustments—5,4294,925
Adjusted EBITDA$1,025,772$339,152$142,302

COEUR MINING 2026 Proxy Statement • 93

Appendix A − Certain Additional Information

Management uses Free Cash Flow as a non-GAAP measure to analyze cash flows generated from operations. Free Cash Flow is Cash Provided By (used in) Operating Activities less Capital expenditures as presented on the Consolidated Statements of Cash Flows. The Company believes Free Cash Flow is also useful as one of the bases for comparing the Company’s performance with its competitors. Although Free Cash Flow and similar measures are frequently used as measures of cash flows generated from operations by other companies, the Company’s calculation of Free Cash Flow is not necessarily comparable to such other similarly titled captions of other companies. The following table sets forth a reconciliation of Free Cash Flow, a non-GAAP financial measure, to Cash Provided By (used in) Operating Activities, which the Company believes to be the GAAP financial measure most directly comparable to Free Cash Flow.

Free Cash Flow Reconciliation

Consolidated · Year Ended December 31,
(Dollars in thousands)202520242023
Cash flow from operations$886,879$174,234$67,288
Capital expenditures221,162183,188364,617
Free cash flow$665,717$(8,954)$(297,329)

Gold CAS / oz and Silver CAS / oz

$ in thousands (except metal sales and per ounce amounts)Las Chispas1PalmarejoRochesterKensingtonWharfSilvertipTotal
Costs applicable to sales, including amortization (U.S. GAAP)295,897228,672278,397218,349123,4863,9031,148,704
Amortization(94,213)(37,015)(69,283)(39,295)(6,558)(3,903)(250,267)
Reported costs applicable to sales201,684191,657209,114179,054116,928—898,437
Inventory adjustments(1,590)(911)(2,195)(949)(467)—(6,1112)
By-product credit———(17)(5,121)—(5,138)
Adjusted costs applicable to sales200,094190,746206,919178,088111,340—887,187
Metal Sales
Gold ounces58,251100,72360,612105,68296,764—422,032
Silver ounces5,445,3306,498,8216,077,114—133,970—18,155,235
Revenue Split
Gold48%46%46%100%100%—
Silver52%54%54%———
Adjusted costs applicable to sales
Gold ($/oz)1,6498711,5701,6851,151—1,347
Silver ($/oz)19.1115.8518.39—17.69

1 Includes the impact of the purchase price allocation ascribed in Inventory of $93.5 million.

94 • COEUR MINING 2026 Proxy Statement

Appendix A − Certain Additional Information

$ in thousands (except metal sales and per ounce amounts)PalmarejoRochesterKensingtonWharfSilvertipTotal
Costs applicable to sales, including amortization (U.S. GAAP)240,473195,904185,958104,8533,235730,387
Amortization(44,979)(41,293)(28,201)(6,487)(3,235)(124,195)
Reported costs applicable to sales195,458154,611157,75798,366—606,192
Inventory adjustments(1,365)(2,746)(361)(126)—(4,598)
By-product credit——(72)(6,405)—(6,333)
Adjusted costs applicable to sales194,093151,865157,46891,835—595,261
Metal Sales
Gold ounces108,78338,34595,36198,327—340,816
Silver ounces6,796,7154,389,378—232,728—11,418,821
Revenue Split
Gold50%42%100%100%—
Silver50%58%———
Adjusted costs applicable to sales
Gold ($/oz)8921,6631,651934—1,203
Silver ($/oz)14.2820.07—16.55
ContentsView on SEC.gov

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