Coeur Mining (CDE) investor relations material

Strategic investments and operational transformation

• Significant investments in expansions and exploration, including the acquisition of SilverCrest Metals and the Las Chispas mine, have driven strong results and a more balanced, U.S.-centric portfolio.

• EBITDA is projected to exceed $900 million in the current year, with free cash flow over $500 million, and a dramatic turnaround from negative cash flow and high leverage in 2023.

• The company has paid off its revolver balance, reducing net leverage ratio to 0.4x and increasing cash to $112 million as of June 30, 2025.

• Initial share repurchases of $7.3 million have been executed under a $75 million program.

• Production is expected to reach about 410,000 oz of gold and 18 million oz of silver this year, with a balanced portfolio across five operations in the U.S. and Mexico.

Operational performance and cost management

• Gold production is expected to be 20% higher and silver production over 60% higher year-over-year, driven by the Rochester expansion and Las Chispas acquisition.

• Rochester expansion delivered over 70% expected production increase and over 20% lower expected costs for 2025.

• EBITDA margin has risen from 17% to nearly 50%, with Q2 2025 adjusted EBITDA margin at 47%.

• Inflationary pressures have subsided, supporting significant margin expansion amid higher gold and silver prices.

• Exploration investments at Rochester aim to bring higher grade material into early mine years, enhancing returns.

Growth, exploration, and asset development

• Nearly $300 million invested in exploration over five years, with a 2025 budget of $67–$77 million targeting resource and reserve growth.

• Las Chispas and Palmarejo reported continued expansion and high-grade discoveries, supporting future reserve growth.

• Kensington and Wharf exploration extended mine lives, with Wharf doubling M&I gold resources and tripling inferred resources at year-end 2024.

• Silvertip in British Columbia is being advanced through an initial assessment, with the goal of a board decision in four to five years; infrastructure and power remain key challenges.

• 2024 exploration program grew resources through new discoveries.