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NYSE: CDE
Cautionary Statements
This presentation contains forward-looking statements within the meaning of securities
legislation in the United States and Canada, including statements regarding anticipated
high-return organic and external growth opportunities, free cash flow, cash conservation, the capacity expansion projects at Rochester, permitting, production,
costs, crushing rates, recoveries, grades, margins, cash flow, throughput, the new mine plan
at Kensington, the anticipated benefits of the Wharf acquisition, the transaction
closing of Paramount Gold and Silver Corp, capital and exploration expenditures, Guadalupe
underground mining rates, POA 10 approval at Rochester, open-pit and underground
mining operations at Palmarejo, anticipated royalty payments, development of the Jualin deposit at the Kensington mine, and initiatives to achieve higher-grade
production, efficiencies, lower costs, and balance sheet liquidity. Such forward-looking
statements involve known and unknown risks, uncertainties and other factors which may
cause Coeur's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the
forward-looking statements. Such factors include, among others, the risks and hazards
inherent in the mining business (including risks inherent in developing large-scale mining
projects, environmental hazards, industrial accidents, weather or geologically related
conditions), changes in the market prices of gold and silver and a sustained lower price
environment, the uncertainties inherent in Coeur's production, exploratory and developmental
activities, including risks relating to permitting and regulatory delays, ground
conditions, grade variability, any future labor disputes or work stoppages, the uncertainties
inherent in the estimation of gold and silver ore reserves, changes that could result
from Coeur's future acquisition of new mining properties or businesses, reliance on third
parties to operate certain mines where Coeur owns silver production and reserves and
the absence of control over mining operations in which Coeur or its subsidiaries hold royalty or streaming interests and risks related to these mining operations including
results of mining and exploration activities, environmental, economic and political risks of
the jurisdiction in which the mining operations are located, the loss of any third-party
smelter to which Coeur markets silver and gold, the effects of environmental and other
governmental regulations, the risks inherent in the ownership or operation of or
investment in mining properties or businesses in foreign countries, Coeur's ability to raise
additional financing necessary to conduct its business, make payments or refinance its
debt, as well as other uncertainties and risk factors set out in filings made from time to time with the United States Securities and Exchange Commission, and the Canadian
securities regulators, including, without limitation, Coeur's most recent reports on Form
10-K and Form 10-Q. Actual results, developments and timetables could vary
significantly from the estimates presented. Readers are cautioned not to put undue reliance on
forward-looking statements. Coeur disclaims any intent or obligation to update
publicly such forward-looking statements, whether as a result of new information, future
events or otherwise. Additionally, Coeur undertakes no obligation to comment on
analyses, expectations or statements made by third parties in respect of Coeur, its financial
or operating results or its securities.
Coeur Mining, Inc. is subject to the reporting requirements of the Exchange Act and applicable
Canadian securities laws, and as a result we report our mineral reserves according to
two different standards. Canadian reporting requirements for disclosure of mineral properties are governed by National Instrument 43-101 Standards of
Disclosure for Mineral Projects (NI 43-101). The definitions of NI 43-101
are adopted from those given by the Canadian Institute of Mining, Metallurgy and Petroleum. U.S.
reporting requirements, however, are governed by the SECs Industry Guide 7 (as
interpreted by the SEC, Guide 7). Both sets of reporting standards have similar goals in
terms of conveying an appropriate level of confidence in the disclosures being reported, but
embody different approaches and definitions. Under Guide 7, mineralization may not be
classified as a reserve unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the
reserve determination is made.
In our public filings in Canada and in certain other announcements not filed with the SEC, we
disclose measured, indicated and inferred resources, each as defined in NI 43-101,
in addition to our mineral reserves. U.S. investors are cautioned that, while the terms measured mineral resources, indicated mineral resources and inferred
mineral resources are recognized and required by Canadian securities laws, Guide 7 does
not recognize them. The estimation of measured resources and indicated resources
involve greater uncertainty as to their existence and economic feasibility than the estimation
of proven and probable reserves, and therefore U.S. investors are cautioned not to
assume that all or any part of measured or indicated resources will ever be converted into Guide 7 compliant reserves.
In this presentation, we modify our estimates made in compliance with NI 43-101 to conform
to Guide 7 for reporting in the United States. In this presentation, we use the term
mineralized material to describe mineralization in mineral deposits that do not constitute reserves under U.S. standards. Mineralized material is substantially
equivalent to measured and indicated mineral resources (exclusive of reserves) as disclosed
for reporting purposes in Canada, except that the SEC only permits issuers to
report "mineralized material" in tonnage and average grade without reference to
contained ounces. We provide disclosure of mineralized material to allow a means of
comparing our projects to those of other companies in the mining industry, many of which are
Canadian and report pursuant to NI 43-101, and to comply with applicable disclosure
requirements. We caution you not to assume that all or any part of mineralized material will ever be converted into Guide 7 compliant reserves.
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