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NEWS RELEASE COEUR MINING® Coeur Reports First Quarter 2021 Results Reaffirms Full - Year 2021 Guidance Chicago , Illinois - April 28 , 2021 - Coeur Mining , Inc. ( " Coeur ” or the “ Company ” ) ( NYSE : CDE ) today reported first quarter 2021 financial results , including revenue of $ 202.1 million , cash flow from operating activities of $ ( 4.4 ) million and GAAP net income from continuing operations of $ 2.1 million , or $ 0.01 per share . On an adjusted basis¹ , the Company reported EBITDA of $ 65.9 million , cash flow from operating activities before changes in working capital of $ 41.6 million and net income from continuing operations of $ 13.9 million , or $ 0.06 per share . The Company also reaffirmed its full - year 2021 production guidance of 322,500 - 367,500 ounces of gold and 9.7 - 12.2 million ounces of silver . Additionally , full - year cost , exploration and capital expenditure guidance was reaffirmed . • • Key Highlights • • - Higher margins helped drive a stronger start to the year – Coeur's first quarter results reflect a strong start to the year led by solid production and higher prices . Notably , quarterly revenue , operating cash flow before changes in working capital¹ and adjusted EBITDA¹ increased 17 % , 38 % and 42 % year - over - year , respectively Solid gold production and unit costs - The Company's gold production of 85,225 ounces exceeded expectations for the quarter , tracking well towards its full - year guidance range . Additionally , all of the Company's site - level gold unit costs were either below or within their full - year guidance ranges Further enhanced liquidity and balance sheet - Coeur successfully refinanced its 5.875 % senior notes due 2024 with 5.125 % senior notes due 2029 , capturing a lower interest rate , extending the maturity and opportunistically upsizing the offering . The Company also extended the maturity of its senior secured revolving credit facility ( “ RCF ” ) from October 2022 to March 2025. Together , these efforts improved Coeur's liquidity profile and bolstered its balance sheet , helping to enhance financial flexibility ahead of a period of planned capital intensity Commenced major construction on Rochester expansion – The Company began major construction on the Plan of Operations Amendment 11 ( “ POA 11 " ) expansion at its Rochester mine . Overall project progress was approximately 20 % complete at the end of the first quarter . Key elements of the project timeline remain on schedule and are expected to be largely completed by late next year Encouraging results from aggressive investment in exploration – Following its successful program in 2020 , Coeur began the year with the largest exploration campaign in Company history . The Company invested approximately $ 14.9 million ( $ 9.7 million expensed and $ 5.2 million capitalized ) in exploration during the quarter , drilling roughly 250,500 feet ( 76,375 meters ) across all sites . Drilling activities at Silvertip and Crown ramped up significantly during the quarter , while Coeur's other sites continued to advance their resource expansion and infill programs 1