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Supplemental Guarantor Information | 3 Months Ended
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Mar. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
SUPPLEMENTAL GUARANTOR INFORMATION | SUPPLEMENTAL GUARANTOR INFORMATIONThe following summarized financial information is presented to satisfy disclosure requirements of Rule 13-01 of Regulation S-X resulting from the guarantees by Coeur Alaska, Inc., Coeur Explorations, Inc., Coeur Rochester, Inc., Coeur South America Corp., Wharf Resources (U.S.A.), Inc. and its subsidiaries, Coeur Capital, Inc., Coeur Sterling, Inc., Sterling Intermediate Holdco, Inc., and Coeur Sterling Holdings LLC (collectively, the “Subsidiary Guarantors”) of the 2029 Senior Notes. The following schedules present summarized financial information of (a) Coeur, the parent company and (b) the Subsidiary Guarantors (collectively the “Obligor Group”). The summarized financial information of the Obligor Group is presented on a combined basis with intercompany balances and transactions between entities in the Obligor Group eliminated. The Obligor Group’s amounts due from, amounts due to and transactions with certain wholly-owned domestic and foreign subsidiaries of the Company have been presented in separate line items, if they are material. Each of the Subsidiary Guarantors is 100% owned by Coeur and the guarantees are full and unconditional and joint and several obligations. There are no restrictions on the ability of Coeur to obtain funds from the Subsidiary Guarantors by dividend or loan. SUMMARIZED BALANCE SHEET MARCH 31, 2022
In thousands | Coeur Mining, Inc. |  | Guarantor Subsidiaries |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |
CURRENT ASSETS |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 4,035 |  |  | $ | 18,949 |  |  |  |  |  |  |
Receivables | 4,569 |  |  | 7,553 |  |  |  |  |  |  |
Ore on leach pads | — |  |  | 89,406 |  |  |  |  |  |  |
Inventory | — |  |  | 26,815 |  |  |  |  |  |  |
Prepaid expenses and other | 8,808 |  |  | 1,114 |  |  |  |  |  |  |
| 17,412 |  |  | 143,837 |  |  |  |  |  |  |
NON-CURRENT ASSETS |  |  |  |  |  |  |  |  |
Property, plant and equipment, net | 1,343 |  |  | 203,363 |  |  |  |  |  |  |
Mining properties, net | 11,200 |  |  | 559,217 |  |  |  |  |  |  |
Ore on leach pads | — |  |  | 73,133 |  |  |  |  |  |  |
Restricted assets | 1,493 |  |  | 206 |  |  |  |  |  |  |
Equity securities | 161,894 |  |  | — |  |  |  |  |  |  |
Net investment in subsidiaries | 772,325 |  |  | 54,326 |  |  |  |  |  |  |
Other | 47,455 |  |  | 51,214 |  |  |  |  |  |  |
TOTAL ASSETS | $ | 1,013,122 |  |  | $ | 1,085,296 |  |  |  |  |  |  |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |
CURRENT LIABILITIES |  |  |  |  |  |  |  |  |
Accounts payable | $ | 1,740 |  |  | $ | 64,113 |  |  |  |  |  |  |
Other accrued liabilities | 9,629 |  |  | 54,189 |  |  |  |  |  |  |
Debt | — |  |  | 24,538 |  |  |  |  |  |  |
Reclamation | — |  |  | 1,561 |  |  |  |  |  |  |
| 11,369 |  |  | 144,401 |  |  |  |  |  |  |
NON-CURRENT LIABILITIES |  |  |  |  |  |  |  |  |
Debt | 451,522 |  |  | 65,909 |  |  |  |  |  |  |
Reclamation | — |  |  | 127,268 |  |  |  |  |  |  |
Deferred tax liabilities | 920 |  |  | 7,456 |  |  |  |  |  |  |
Other long-term liabilities | 3,142 |  |  | 18,956 |  |  |  |  |  |  |
Intercompany payable (receivable) | (353,805) |  |  | 341,389 |  |  |  |  |  |  |
| 101,779 |  |  | 560,978 |  |  |  |  |  |  |
STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |
Common stock | 2,808 |  |  | 19,417 |  |  |  |  |  |  |
Additional paid-in capital | 3,834,896 |  |  | 340,700 |  |  |  |  |  |  |
Accumulated deficit | (2,931,760) |  |  | 19,800 |  |  |  |  |  |  |
Accumulated other comprehensive income (loss) | (5,970) |  |  | — |  |  |  |  |  |  |
| 899,974 |  |  | 379,917 |  |  |  |  |  |  |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 1,013,122 |  |  | $ | 1,085,296 |  |  |  |  |  |  |
SUMMARIZED BALANCE SHEET DECEMBER 31, 2021
In thousands | Coeur Mining, Inc. |  | Guarantor Subsidiaries |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |
CURRENT ASSETS |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 2,499 |  |  | $ | 16,126 |  |  |  |  |  |  |
Receivables | (14) |  |  | 5,607 |  |  |  |  |  |  |
Ore on leach pads | — |  |  | 81,128 |  |  |  |  |  |  |
Inventory | — |  |  | 24,954 |  |  |  |  |  |  |
Prepaid expenses and other | 8,660 |  |  | 813 |  |  |  |  |  |  |
| 11,145 |  |  | 128,628 |  |  |  |  |  |  |
NON-CURRENT ASSETS |  |  |  |  |  |  |  |  |
Property, plant and equipment, net | 1,476 |  |  | 188,721 |  |  |  |  |  |  |
Mining properties, net | — |  |  | 514,397 |  |  |  |  |  |  |
Ore on leach pads | — |  |  | 73,495 |  |  |  |  |  |  |
Restricted assets | 1,496 |  |  | 206 |  |  |  |  |  |  |
Equity and debt securities | 132,197 |  |  | — |  |  |  |  |  |  |
Net investment in subsidiaries | 794,254 |  |  | 56,623 |  |  |  |  |  |  |
Other | 47,317 |  |  | 53,511 |  |  |  |  |  |  |
TOTAL ASSETS | $ | 987,885 |  |  | $ | 1,015,581 |  |  |  |  |  |  |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |
CURRENT LIABILITIES |  |  |  |  |  |  |  |  |
Accounts payable | $ | 1,624 |  |  | $ | 59,463 |  |  |  |  |  |  |
Other accrued liabilities | 16,729 |  |  | 45,676 |  |  |  |  |  |  |
Debt | — |  |  | 23,608 |  |  |  |  |  |  |
Reclamation | — |  |  | 1,561 |  |  |  |  |  |  |
| 18,353 |  |  | 130,308 |  |  |  |  |  |  |
NON-CURRENT LIABILITIES |  |  |  |  |  |  |  |  |
Debt | 463,318 |  |  | 53,166 |  |  |  |  |  |  |
Reclamation | — |  |  | 125,695 |  |  |  |  |  |  |
Deferred tax liabilities | 751 |  |  | 7,422 |  |  |  |  |  |  |
Other long-term liabilities | 3,266 |  |  | 20,826 |  |  |  |  |  |  |
Intercompany payable (receivable) | (298,065) |  |  | 286,655 |  |  |  |  |  |  |
| 169,270 |  |  | 493,764 |  |  |  |  |  |  |
STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |
Common stock | 2,569 |  |  | 19,356 |  |  |  |  |  |  |
Additional paid-in capital | 3,738,347 |  |  | 340,701 |  |  |  |  |  |  |
Accumulated deficit | (2,939,442) |  |  | 31,452 |  |  |  |  |  |  |
Accumulated other comprehensive income (loss) | (1,212) |  |  | — |  |  |  |  |  |  |
| 800,262 |  |  | 391,509 |  |  |  |  |  |  |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 987,885 |  |  | $ | 1,015,581 |  |  |  |  |  |  |
SUMMARIZED STATEMENTS OF INCOME THREE MONTHS ENDED MARCH 31, 2022
In thousands | Coeur Mining, Inc. |  | Guarantor Subsidiaries |  |  |  |  |  |
Revenue | $ | — |  |  | $ | 105,331 |  |  |  |  |  |  |
Gross profit (loss) | $ | (208) |  |  | $ | (289) |  |  |  |  |  |  |
Net income (loss) | $ | 7,682 |  |  | $ | (11,592) |  |  |  |  |  |  |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123454820&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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