Chicago, Illinois—November 24, 2013—Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE, TSX: CDM) today announced the formation of a new wholly-owned subsidiary, Coeur Capital, Inc. (“Coeur Capital”), which will hold Coeur’s existing and any future-acquired royalty and streaming interests along with its portfolio of strategic equity investments. Increasing Coeur’s interests in royalties and streams through Coeur Capital is expected to provide the Company’s stockholders with higher-margin, less volatile free cash flow1, diversified metal exposure, and future avenues for growth.

In addition, Coeur today announced that it has entered into an agreement for Coeur Capital to acquire Global Royalty Corp. (“Global Royalty”), a Vancouver-based privately-held company holding precious metals royalty interests in operating mines located in Mexico and Ecuador. Total consideration for the transaction, which is expected to close in December 2013, will be approximately $23.8 million, consisting of $0.3 million in cash and $23.6 million in Coeur common shares, which represents a 2.1% increase in Coeur’s current outstanding shares of 100.5 million. Upon closing of the transaction, Mark Kucher, President and CEO of Global Royalty, has agreed to join Coeur Capital as Managing Director and will have primary responsibility for its daily management and growth. Mr. Kucher, who is the largest shareholder of Global Royalty, has agreed to support the transaction with Coeur.

“We are pleased to announce our agreement to acquire Global Royalty,” said Mitchell J. Krebs, Coeur’s President and Chief Executive Officer. “Combining Global Royalty’s cash flowing royalties with those already owned by Coeur into a newly-formed entity is expected to enhance the quality and stability of our cash flows, offer superior leverage to metals prices, reduce our overall risk profile, and increase our margins and current net cash flow. Over time, we believe Coeur Capital can build sufficient critical mass to make a meaningful impact on our overall margins and cash flow and eventually be valued by the equity markets at the multiples currently enjoyed by streaming and royalty companies due to the attractive nature of this business model. While the acquisition of Global Royalty and the formation of Coeur Capital are expected to augment and balance our composite asset portfolio and complement our business development initiatives, our focus and priority will remain on our core business, which is exploring, developing, and operating precious metals assets.”

Global Royalty owns a tiered royalty on McEwen Mining Inc.’s (“McEwen Mining”) (NYSE: MUX, TSX: MUX) El Gallo/Magistral mine in Mexico, currently paying a 3.5% net smelter royalty (NSR), and a 1.5% NSR royalty on Dynasty Metals & Mining, Inc.’s (“Dynasty”) (TSX: DMM) Zaruma gold mine in Ecuador. Both mines are currently in production and paying royalties. Global Royalty also has an option to acquire an additional 1.5% NSR on Zaruma (for a total of 3.0%), plus 1.0% NSR interests on Dynasty’s Jerusalem and Dynasty Goldfields projects in Ecuador, for an additional $5.0 million. Coeur Capital intends to exercise this option upon closing the Global Royalty transaction.

El Gallo Complex2

Under McEwen Mining’s ownership, El Gallo has been in production since September 2012 and reached commercial production on January 1, 2013. Global Royalty has received proceeds from McEwen totaling $1,117,227 since September 2012. The mine remains on track to meet its production guidance of 27,310 gold equivalent ounces in 2013.

The El Gallo plant is currently being expanded from 3,000 to 4,500 tonnes per day. The expansion is ahead of schedule with completion expected at the end of Q1 2014. The increased capacity, combined with higher grades as mining moves deeper in the pit, is expected to increase production from 27,310 gold equivalent ounces in 2013, to 37,500 gold equivalent ounces in 2014 and 75,000 gold equivalent ounces by 2015. The royalty on the El Gallo mine is currently 3.5% until cumulative production of 350,000 ounces of gold equivalent production has been reached, of which approximately 275,000 ounces remain to be produced at this royalty rate. The royalty then decreases to 1.0% in perpetuity. To date 28,426 ounces of gold equivalent has been produced at El Gallo.

Zaruma Project3

The Zaruma project is in pre-commercial production, with processing of ore to doré at the Zaruma processing plant located in Zaruma, Ecuador. For the nine months ended September 30, 2013, Dynasty received proceeds of $23.3 million from the sale of approximately 15,245 ounces of processed gold and 45,409 ounces of processed silver derived from intermittent operations at its processing plant in Zaruma during the continued development of the Zaruma mines. Global Royalty Corp. has received proceeds from Dynasty totaling $565,082 since January 2012.

Subsequent to September 30, 2013, and up to the date of this news release, Dynasty exported approximately 4,500 ounces of gold and 9,000 ounces of silver with an aggregate approximate value of $6.1 million.

Existing Coeur Royalty and Streaming Interests

Endeavor is an underground lead/zinc/silver mine and associated mill facility operated by a subsidiary of Toho Zinc in Australia and has been in production since 1983. Coeur owns 100% of the silver production and reserves (up to 20 million payable ounces). Endeavor generated $10.4 million of after-tax cash flow1,4 and produced 665,816 payable ounces of silver in 2012 and is expected to produce 600,000-800,000 payable ounces of silver in 20135.

Cerro Bayo is a silver-gold mine operated by Mandalay Resources Corp. in Chile. The mine has a 2% NSR for the life of mine; Coeur received its first royalty payment from this royalty in the third quarter 2013. 2014 production6 is expected to be 3.0-3.2 million ounces of silver and 23,000-27,000 ounces of gold. 2014 cash costs per silver ounce1,6 are expected to be $6-$8.

A slide deck and Q&A information sheet to accompany this release are posted at www.coeur.com.

Coeur is being represented by Goodmans LLP in the Global Royalty acquisition.

1. Non-GAAP measure.
2. Source: Publicly available information published by McEwen Mining Inc. including the technical report dated August 30, 2013 on file at www.sedar.com.
3. Source: Publicly available information published by Dynasty Metals & Mining Inc. including the technical report dated August 21, 2006 on file at www.sedar.com.
4. Source: Coeur December 31, 2012 Form 10-K. Calculated as net income plus depreciation, depletion and amortization.
5. Guidance as published on November 6, 2013 by Coeur.
6. Guidance as published on November 5, 2013 by Mandalay Resources Corp.

About Coeur

Coeur Mining, Inc. is the largest U.S.-based primary silver producer and a significant gold producer. The Company has four precious metals mines in the Americas generating strong production, sales and cash flow. Coeur produces from its wholly owned operations: the Palmarejo silver-gold mine in Mexico, the San Bartolomé silver mine in Bolivia, the Rochester silver-gold mine in Nevada and the Kensington gold mine in Alaska. The Company also has a non-operating interest in the Endeavor mine in Australia in addition to a 2.0% net smelter royalty on the Cerro Bayo silver-gold mine in Chile. In addition, the Company has two silver-gold feasibility stage projects – the La Preciosa project in Mexico and the Joaquin project in Argentina. The Company also conducts ongoing exploration activities in Mexico, Argentina, Nevada, Alaska and Bolivia. The Company owns strategic investment positions in eight silver and gold development companies with projects in North and South America.