Coeur Mining, Inc.

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September 20, 2020 at 10:20 AM (MDT)|Virtual Event - Online Only

Mitchell Krebs

Chairman, President & CEO

Mitchell J. Krebs
Chairman, President and Chief Executive Officer
Mitchell J. Krebs was appointed President, Chief Executive Officer and member of the Board of Directors of Coeur Mining in July 2011, which is one of the 3,000 largest publicly traded companies in the U.S. (CDE:NYSE) Prior to becoming President and CEO, Mr. Krebs served as Senior Vice President and Chief Financial Officer from March 2008 to July 2011; Treasurer from July 2008 to March 2010; Senior Vice President, Corporate Development from May 2006 to March 2008; and Vice President, Corporate Development from February 2003 to May 2006. Mr. Krebs first joined Coeur in August 1995 as Manager of Acquisitions after working as an investment banking analyst for PaineWebber Inc. in its Mergers & Acquisitions group.
During his tenure with Coeur Mining, Mr. Krebs has been responsible for dozens of acquisitions and divestitures of private and public entities both domestically and internationally and has overseen numerous private and public financings involving all aspects of the capital structure totaling nearly three billion dollars. Since becoming CEO, Mr. Krebs has led an organizational relocation including a reconstitution of the board and overhaul of the senior management team, all of which has contributed to industry leading growth, ESG leadership, and the country’s best safety record among metals mining companies. Mr. Krebs recently led the Company through a $725 million expansion of its Rochester operation in Nevada, which will now be America’s largest source of domestically produced silver and one of the world’s largest operations of its kind.
Mr. Krebs is a seasoned leader in the mining industry, recognized for his strategic vision, fostering a culture of innovation and collaboration, and his commitment to sustainable growth. Under his leadership, Coeur Mining has become a prominent player in the global mining sector, and he has guided the company through challenging market conditions and evolving industry dynamics. Mr. Krebs serves as the current Chairman of The National Mining Association, which represents nearly 300 companies, and he led the creation of its ESG Task Force in 2020. Mr. Krebs also served on the Board of Kansas City Southern Railway Company (NYSE:KSU) (Audit Committee; Finance and Strategic Investments Committee), culminating in the $31 billion acquisition by Canadian Pacific (NYSE:CP) that closed last year. Mr. Krebs is a past President of The Silver Institute where he remains on the Board and serves on the Executive Committee. Mr. Krebs also serves on the board of Big Shoulders Fund, which provides support to inner-city schools to provide a quality, values-based education for Chicago’s children.
Mr. Krebs holds a Bachelor of Science in Economics from The Wharton School at the University of Pennsylvania (1993) and a Master of Business Administration from Harvard University (1999). He grew up in rural Iowa and lives in Chicago with his wife Debby and their three young children.

SAFE HARBOR STATEMENT

The content in Coeur’s corporate profile contains, and any virtual presentation by Coeur’s senior management may contain, forward‐looking statements within the meaning of securities legislation in the United States and Canada, including statements involving strategic priorities, expectations regarding environmental, social and governance (“ESG”) initiatives, anticipated production, costs and expenses, cash flow, returns, net asset values, growth, trading liquidity, upside potential, capital allocation, return on capital, health and safety protocols, exploration and development efforts, COVID-19 planning and response measures, operations and initiatives at the Palmarejo, Rochester, Kensington, Wharf and Silvertip mines, including mill expansion, completion of a pre-feasibility study, exploration plans and expectations regarding Silvertip, the impact of the new crushing circuit at Rochester, expectations regarding the expansion and timing of publishing a new technical report at Rochester, post-expansion free cash flow expectations at Rochester, the impact of a new stacking plan at Rochester, the impact of Jualin on Kensington operations, debt repayment plans and hedging strategies. Such forward‐looking statements involve known and unknown risks, uncertainties, and other factors which may cause Coeur's actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward‐looking statements. Such factors include, among others, the risk that the strategies, initiatives and expectations described in Coeur’s corporate profile or any virtual presentation by Coeur’s senior management are not achieved on a timely basis or at all, the risks and hazards inherent in the mining business (including risks inherent in developing large‐scale mining projects, environmental hazards, industrial accidents, weather, or geologically related conditions), changes in the market prices of gold, silver, zinc, and lead, and a sustained lower price or higher treatment and refining charge environment, the uncertainties inherent in Coeur's production, exploratory and developmental activities, including risks relating to permitting and regulatory delays (including the impact of government shutdowns), ground conditions, grade variability, any future labor disputes, or work stoppages, the uncertainties inherent in the estimation of mineral reserves and resources, changes that could result from Coeur's future acquisition of new mining properties or businesses, the loss or insolvency of any third‐party smelter to which Coeur markets its production, the potential effects of the COVID-19 pandemic, including impacts to the availability of our workforce, continued access to financing sources, government orders that may require temporary suspension of operations at one or more of our sites and effects on our suppliers or the refiners and smelters to whom the Company markets its production, the effects of environmental and other governmental regulations and government shut-downs, the risks inherent in the ownership or operation of or investment in mining properties or businesses in foreign countries, Coeur's ability to raise additional financing necessary to conduct its business, make payments or refinance its debt as well as other uncertainties and risk factors set out in filings made from time to time with the United States Securities and Exchange Commission, and the Canadian securities regulators, including, without limitation, Coeur's most recent reports on Forms 10‐K and 10-Q. Actual results, developments, and timetables could vary significantly from the estimates presented. Readers are cautioned not to put undue reliance on forward looking statements. Coeur disclaims any intent or obligation to update publicly such forward‐looking statements, whether as a result of new information, future events, or otherwise. Additionally, Coeur undertakes no obligation to comment on analyses, expectations, or statements made by third parties in respect of Coeur, its financial or operating results or its securities.
Christopher Pascoe, Coeur's Director, Technical Services and a qualified person under Canadian National Instrument 43‐101, reviewed and approved the scientific and technical information concerning Coeur's mineral projects in Coeur’s corporate profile and any virtual presentation by Coeur’s senior management. Mineral resources are in addition to mineral reserves and do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be considered for estimation of mineral reserves, and there is no certainty that the inferred mineral resources will be realized. For a description of the key assumptions, parameters and methods used to estimate mineral reserves and resources, as well as data verification procedures and a general discussion of the extent to which the estimates may be affected by any known environmental, permitting, legal, title, taxation, socio‐political, marketing or other relevant factors, Canadian investors should see the Technical Reports for each of Coeur's properties as filed on SEDAR at www.sedar.com.
Cautionary Note to U.S. Investors ‐ The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We may use certain terms in public disclosures, such as "measured," "indicated," "inferred” and “resources," that are recognized by Canadian regulations, but that SEC guidelines generally prohibit U.S. registered companies from including in their filings with the SEC. U.S. investors are urged to consider closely the disclosure in our Form 10‐K which may be secured from us, or from the SEC's website at http://www.sec.gov.
Non‐U.S. GAAP Measures ‐ We supplement the reporting of our financial information determined under United States generally accepted accounting principles (U.S. GAAP) with certain non‐U.S. GAAP financial measures, including adjusted net income (loss), operating cash flow excluding changes in working capital, adjusted EBITDA, adjusted EBITDA margin, total leverage, net leverage, free cash flow and adjusted costs applicable to sales per ounce/pound. We believe that these adjusted measures provide meaningful information to assist management, investors and analysts in understanding our financial results and assessing our prospects for future performance. We believe these adjusted financial measures are important indicators of our recurring operations because they exclude items that may not be indicative of, or are unrelated to our core operating results, and provide a better baseline for analyzing trends in our underlying businesses. We believe adjusted net income (loss), adjusted EBITDA, adjusted EBITDA margin, total leverage, net leverage, free cash flow and adjusted costs applicable to sales per ounce/pound are important measures in assessing the Company's overall financial performance. Coeur’s corporate profile and any virtual presentation by Coeur’s senior management does not represent an offer of any securities for sale.
Coeur’s corporate profile and any virtual presentation by Coeur’s senior management may contain certain information or data prepared by third parties. Coeur has not verified the assumptions made or accuracy of the third-party information or data. There can be no assurance that this information or data is indicative of the future performance of Coeur. Coeur does not intend to update or otherwise revise this information or data to reflect circumstances existing since their preparation or to reflect the occurrence of unanticipated events, even in the event that any or all of the underlying assumptions are shown to be in error.

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