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NEWS RELEASE COEUR MINING® Coeur Reports Third Quarter 2021 Results Reaffirms Production Guidance ; Updates Cost and Capital Expenditure Guidance Chicago , Illinois - October 27 , 2021 - Coeur Mining , Inc. ( “ Coeur ” or the “ Company ” ) ( NYSE : CDE ) today reported third quarter 2021 financial results , including revenue of $ 208.0 million and cash flow from operating activities of $ 21.8 million . The Company reported GAAP net loss from continuing operations of $ 54.8 million , or $ 0.21 per share , which included a $ 26.0 million non - cash write - down of Mexican value - added tax ( " VAT " ) refunds and non - cash unrealized losses of $ 35.7 million on strategic equity investments , primarily related to Coeur's 18 % equity ownership of Victoria Gold Corp. ( " Victoria " ) during the quarter . On an adjusted basis¹ , Coeur reported EBITDA of $ 48.8 million , cash flow from operating activities before changes in working capital of $ 34.8 million and net loss from continuing operations of $ 2.6 million , or $ 0.01 per share . Key Highlights • • • • Solid production results and stronger fourth quarter expected to result in full - year production levels within 2021 guidance ranges – Third quarter gold and silver production totaled 87,083 and 2.5 million ounces , respectively . Production levels are expected to increase during the fourth quarter and finish the year within the Company's guidance range of 322,500 - 367,500 ounces of gold and 9.7 - 12.2 million ounces of silver Second consecutive quarterly exploration record - Coeur achieved another quarterly exploration record by investing approximately $ 20.0 million and drilling roughly 326,500 feet ( 99,500 meters ) from up to 27 drill rigs at six locations . The Company continues to generate meaningful new discoveries and identify future growth opportunities from the largest exploration program in its history Strong quarterly results at Wharf – Wharf's gold production increased 17 % quarter - over - quarter to 28,157 ounces , leading to $ 24.9 million and $ 23.9 million of operating and free cash flow¹ , respectively the second highest quarterly cash flow figures since Coeur's acquisition of the operation in early 2015. Cumulative operating and free cash flow¹ since the acquisition for approximately $ 99.5 million now totals $ 319.6 million and $ 290.7 million , respectively , implying a current internal rate of return of approximately 43 % - Rochester expansion now 42 % complete ; seeking to mitigate inflationary pressures on remaining unawarded work packages - Coeur achieved several key milestones at its Rochester expansion project during the quarter while also continuing to incorporate learnings from ongoing test work and operating activities to maximize future operating flexibility and de - risk the expansion . The Company currently estimates a likely 10 % - 15 % increase in the project's overall total capital estimate due to the impact of inflationary pressures on the four remaining unawarded packages Re - adjusting timing and scale of Silvertip expansion due to exploration success and current inflationary environment · The Company has elected to assess the potential for a larger - scale expansion of Silvertip given ongoing exploration success and the potential benefits of a larger - scale operation . Additionally , recently - received preliminary capital estimates targeting a smaller , accelerated expansion and re - start were higher than anticipated , reflecting current inflationary pressures , supply - 1