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Coeur Mining, Inc. (CDE) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2013

Coeur Mining, Inc.

CIK: 215466 Ticker: CDE


NEWS RELEASE         

Coeur Reports Fourth Quarter and Full-Year 2013 Results
Chicago, Illinois - February 20, 2014 - Coeur Mining, Inc. (the “Company” or “Coeur”)
(NYSE: CDE, TSX: CDM) reported 2013 metal sales of $746.0 million, adjusted earnings1 of ($76.2) million, and cash flow from operating activities of $113.5 million ($149.8 million before changes in operating assets and liabilities). Capital expenditures declined 13% from 2012 to $100.8 million. All-in sustaining costs1 per silver equivalent ounce were $18.94. The Company realized average metal prices of $23.14 per silver ounce and $1,387 per gold ounce during 2013, which were 25% and 17% lower, respectively, than during 2012.
Fourth quarter metal sales totaled $168.8 million, adjusted earnings1 were ($25.1) million, and cash flow from operating activities was $10.4 million ($39.4 million before changes in operating assets and liabilities). Capital expenditures declined 14% compared to the third quarter to $28.1 million. All-in sustaining costs1 per silver equivalent ounce were $16.92, which was a 12% decline from the third quarter. The Company realized average metal prices of $20.54 per silver ounce and $1,249 per gold ounce during the fourth quarter of 2013, which were 2% and 6% lower, respectively, than during the third quarter.

2013 Fourth Quarter and Full-Year Highlights
Full-year 2013 silver production totaled 17.0 million ounces, a 6% decrease from 2012. Full-year gold production was a record 262,217 ounces, up 16% from 2012
Fourth quarter production totaled 4.3 million ounces of silver and 80,780 ounces of gold, increases of 3% and 27%, respectively, from the third quarter 2013
Full-year cash operating costs1 were $9.84 per silver ounce and $950 per gold ounce at Kensington
Year-end silver proven and probable reserves increased 15.9% to 255.4 million ounces. Year-end gold proven and probable reserves increased 12.3% to 2.2 million ounces
Acquired Orko Silver Corp., adding the La Preciosa silver-gold project in Mexico to the Company's growth profile
Created Coeur Capital and acquired Global Royalty Corp. to add higher-margin cash flow from a growing portfolio of royalty and streaming interests
Repurchased $27.6 million in common stock
Implemented downside metal price protection program
2014 Outlook
Expected production of 17.0 - 18.2 million silver ounces and 220,000 - 238,000 gold ounces
Production costs applicable to sales are expected to total $500 - $530 million
Capital expenditures are expected to total $65 - $80 million, with approximately 80% allocated to sustaining capital, 5% to development capital, and 15% to capitalized exploration
Expensed exploration is expected to be $13 - $18 million, using a success-based approach to fund additional expensed or capitalized drilling based on positive results
General and administrative expenses are expected to be $43 - $48 million
Amortization expenses are expected to be approximately $150 million, which reflects a $773 million impairment charge recorded on the carrying values of Palmarejo and Kensington in the fourth quarter 2013
Mitchell J. Krebs, Coeur's President and Chief Executive Officer, said, "2013 was a year of transition for the mining industry and for Coeur. Our new team is beginning to execute more effectively and our results reflect these efforts. I’m especially proud to say our employees are delivering these results while achieving record safety performance. Our all-in sustaining costs1 dropped 12% to $16.92 per silver ounce in the fourth quarter. Three of our four mines are operating consistently and we expect our fourth mine - the Rochester mine in Nevada - to join them by delivering a strong 2014 after a weaker than planned fourth quarter.
"In August of 2013, we outlined our efforts to maximize net cash flow by targeting four key drivers - revenue enhancements, cost reductions, capital spending reductions, and working capital improvements. Our team has been successful in all four areas and our efforts are ongoing. We completed expansions at San Bartolomé and Rochester in

1. Adjusted earnings, all-in sustaining costs, costs applicable to sales, and cash operating costs are non-GAAP measures. Please see tables in the Appendix for
the reconciliation to U.S. GAAP.
1

The following information was filed by Coeur Mining, Inc. (CDE) on Thursday, February 20, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside this 10-K Annual Report

Document And Entity Information
Comprehensive Income Parenthetical (parentheticals)
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Changes In Shareholders' Equity
Consolidated Statements Of Comprehensive Income
Acquisitions
Acquisitions (details)
Acquisitions (tables)
Commitment And Contigencies (details Textual)
Commitments And Contingencies
Debt
Debt (details Textual)
Debt (details)
Debt (tables)
Defined Contribution And 401(k) Plans
Defined Contribution And 401(k) Plans (details)
Derivative Financial Instruments
Derivative Financial Instruments (details 1)
Derivative Financial Instruments (details 2)
Derivative Financial Instruments (details Textual)
Derivative Financial Instruments (details)
Derivative Financial Instruments (tables)
Fair Value Measurements
Fair Value Measurements (details)
Fair Value Measurements (tables)
Fair Value Measurements Fair Value Measurements (details 1)
Fair Value Measurements Fair Value Measurements (details 2)
Fair Value Measurements Fair Value Measurements (details 3)
Fair Value Measurements Fair Value Measurements (details Textual)
Income Taxes
Income Taxes (details 1)
Income Taxes (details 2)
Income Taxes (details 3)
Income Taxes (details 4)
Income Taxes (details 5)
Income Taxes (details Textual)
Income Taxes (details)
Income Taxes (tables)
Investment In Marketable Securities
Investments (details)
Investments (tables)
Metal And Other Inventory
Metal And Other Inventory (details)
Metal And Other Inventory (tables)
Mining Properties
Mining Properties (details Textual)
Mining Properties (details)
Mining Properties (tables)
Nature Of Operations
Net Income (loss) Per Share
Net Income (loss) Per Share (details)
Net Income (loss) Per Share (tables)
Property, Plant And Equipment
Property, Plant And Equipment (details Textual)
Property, Plant And Equipment (details)
Property, Plant And Equipment (tables)
Receivables
Receivables (details)
Receivables (tables)
Reclamation And Mine Closure
Reclamation And Mine Closure (details)
Reclamation And Mine Closure (tables)
Segment Reporting
Segment Reporting (details 1)
Segment Reporting (details 2)
Segment Reporting (details Textual)
Segment Reporting (details)
Segment Reporting (tables)
Segment Reporting Segment Reporting (details 3)
Stock-based Compensation Plans
Stock-based Compensation Plans (details 1)
Stock-based Compensation Plans (details 2)
Stock-based Compensation Plans (details 3)
Stock-based Compensation Plans (details Textual)
Stock-based Compensation Plans (details)
Stock-based Compensation Plans (tables)
Subsequent Events
Summary Of Quarterly Financial Data (unaudited)
Summary Of Quarterly Financial Data (unaudited) (details)
Summary Of Quarterly Financial Data (unaudited) (tables)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (details 1)
Summary Of Significant Accounting Policies (details Textual)
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies Summary Of Significant Accounting Policies (details)
Supplemental Cash Flow Information (details)
Supplemental Cash Flow Information (notes)
Supplemental Cash Flow Information (tables)
Supplemental Guarantor Information
Supplemental Guarantor Information (tables)
Supplemental Guarantor Information Condensed Consolidated Balance Sheets (details)
Supplemental Guarantor Information Condensed Consolidated Statements Of Cash Flows (details)
Supplemental Guarantor Information Condensed Consolidated Statements Of Comprehensive Income (loss) (details)
Write-downs
Write-downs (details)
Write-downs (tables)
Write-downs Write-downs (details Textual) (details)
Ticker: CDE
CIK: 215466
Form Type: 10-K Annual Report
Accession Number: 0000215466-14-000042
Submitted to the SEC: Wed Feb 26 2014 4:47:21 PM EST
Accepted by the SEC: Wed Feb 26 2014
Period: Tuesday, December 31, 2013
Industry: Gold And Silver Ores

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