Page 1

NEWS RELEASE COEUR MINING® Coeur Reports Second Quarter 2021 Results Reaffirms Production Guidance ; Updates Cost and Capital Expenditure Guidance Chicago , Illinois - July 28 , 2021 - Coeur Mining , Inc. ( “ Coeur ” or the “ Company ” ) ( NYSE : CDE ) today reported second quarter 2021 financial results , including revenue of $ 214.9 million , cash flow from operating activities of $ 58.1 million and GAAP net income from continuing operations of $ 32.1 million , or $ 0.13 per share . On an adjusted basis ' , the Company reported EBITDA of $ 52.7 million , cash flow from operating activities before changes in working capital of $ 31.4 million and net loss from continuing operations of $ 0.8 million , or $ 0.00 per share . • Key Highlights • • • Quarterly revenue and cash flow growth - Revenue increased 6 % quarter - over - quarter and 39 % year - over - year due to higher gold and silver ounces sold and a higher average realized silver price . Operating cash flow improved by $ 62.4 million quarter - over - quarter and $ 48.1 million year - over - year to $ 58.1 million Higher quarterly production and stronger expected second half - Gold production increased 2 % quarter - over - quarter to 87,275 ounces led by a 27 % improvement at Wharf , while silver production of 2.6 million ounces was 8 % higher largely due to a 15 % increase at Rochester . Year - over - year , gold and silver production increased 12 % and 60 % , respectively , driven by increases at Palmarejo and Rochester . Production levels are expected to continue climbing in the second half of the year and be within the Company's full - year guidance of 322,500 - 367,500 ounces of gold and 9.7 - 12.2 million ounces of silver New quarterly drilling record from largest exploration campaign in Company history - A new quarterly record was achieved during the period with the completion of approximately 320,400 feet ( 97,675 meters ) of drilling and 27 currently active drill rigs . Investment in exploration totaled approximately $ 18.6 million ( $ 12.4 million expensed and $ 6.2 million capitalized ) in the quarter with significant increases in drilling activity at Palmarejo and Rochester as well as the Crown district in southern Nevada - Rochester expansion progressing according to schedule Coeur advanced major construction on the Plan of Operations Amendment 11 ( “ POA 11 " ) expansion at Rochester on schedule , with solid ongoing environmental and safety performance . Placement of over - liner material on the new Stage VI leach pad commenced approximately six weeks ahead of schedule , and concrete foundation work for the Merrill - Crowe process plant and crusher corridor is scheduled to begin in the third quarter . Overall project progress was approximately 31 % complete at the end of the second quarter Accelerating investment at Silvertip based on positive results - The Company is increasing its investment at Silvertip during the second half of 2021 to complete several surface projects to support a potential restart of active mining and processing activities in 2023 Strategic investment in Victoria – Coeur acquired a 17.8 % ownership interest in Victoria Gold Corp. ( " Victoria " ) during the second quarter for consideration of approximately $ 118.8 million . Victoria owns and operates the new open pit , heap leach Eagle gold mine located in central Yukon Territory , 1