Coeur Mining, Inc.

Good morning and welcome to the Core Mining second quarter 2022 financial results conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your touchtone zone. To withdraw from the question queue, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Mitch Krebs, President, and CEO. Please go ahead.

Good morning, and thanks for joining our second quarter earnings call. With me today in Chicago are Mick Routledge, Tom Whelan, Aoife McGrath, along with several other members of our team. Before I begin, please note our cautionary language on forward-looking statements in our slide deck and refer to our SEC filings, which are available on our website. Our second quarter was marked by solid top-line growth and continued progress at the Cornerstone Rochester POA 11 expansion project. As highlighted on slide three in the earnings deck, three of our four operating mines delivered strong production growth compared to the first quarter. Solid metal sales coupled with some positive changes in working capital led to a strong rebound in quarterly operating cash flow as well. As we look toward the second half of the year, our operations remain on track to achieve our full year production guidance. On the cost side, inflationary pressures continue to impact our results, especially from sharply higher diesel costs, so we have made some minor adjustments to our 2022 cost guidance that Mick and Tom will review in more detail in a moment. We also modified our full-year guidance to reflect our decision to invest an additional $11 million in exploration during the second half to follow up on recent positive drilling results at Kensington, Palmareo, and the Silvertip Project, which IFA will talk more about shortly. Most importantly, the ongoing expansion at Rochester is now at peak levels of activity and remains on track to be completed mid-next year. There are over 400 contractors going through the gate every day now, and several key milestones were achieved during the quarter, including the completion of major concrete pouring and the start of steel erection at the Merrill Crow facility and secondary crusher. Almost all components and equipment are now on site. The photographs on slides 10 and 11 demonstrate the terrific progress being made. We reached an important milestone a couple of weeks ago with the successful installation of prescreens at Rochester's existing crusher that Mick will talk more about in a few minutes. The balance sheet remains in solid shape with total adjusted liquidity of nearly $360 million, including the recent Victoria Gold share sale proceeds, with an additional $59 million of potential liquidity in the form of marketable securities. With the completion of the Rochester expansion coming into view, we look forward to de-levering the balance sheet with the strong cash flow we expect to generate. The next stage that awaits us post-expansion, higher production, lower costs, positive free cash flow, and reduced debt, will place CORE in a great position to pursue other opportunities to further enhance the business. Finishing up with the highlights, I'm very pleased to welcome Jean Hull to CORE's Board of Directors. Jean brings over 35 years of engineering, operational, and leadership experience. Her unique background will be particularly valuable as the Rochester expansion progresses toward completion. Jean's work on advancing ESG initiatives also meshes very well with our commitment to be an industry leader in this area. The Corps' diverse, independent board is stronger with the addition of Jean and we'll continue to pursue opportunities to further enhance and refresh our board in the future. Shifting gears, I want to turn your attention to slide 17 that highlights some important progress we're making on the people side of the business. The ability to attract and retain the best talent remains a critical priority in our business, especially in the current tight labor market. We continue to address that opportunity head-on through the creation of programs and training designed to maintain our reputation as a place where people want to work and develop themselves and build rewarding careers. Before having Mick provide an overview of our operations, I'd like Aoife to provide an update on her first 90 days with the company and give some additional color on our second half exploration priorities.

Thanks, Mitch. After three months in the new role, I've had an opportunity to visit all of the company's projects and meet the exploration teams across the organisation. I've been very impressed, both with the people and the potential of our assets. One thing that became quickly apparent to me was the near-term opportunity to invest additional exploration funds in the second half of the year to allow three sites to accelerate drilling on targets, showing some excellent results. We look forward to reporting back at year end on the impact of these programs. At Kensington, wide and high-grade results in the upper areas of the main Kensington deposit point to a very real potential for meaningful mine life extension from its current three-year reserve life. A key priority in the second half of 2022 will be to continue to target the lowest risk, potentially highest value ounce additions by testing the southern extensions to Kensington, Elmira and Johnson veins. At Palmarejo, recent drilling in the Hidalgo zone at the Independencia underground mine have returned some of the highest-grade gold-silver intercepts the team has encountered this year, with drilling planned to continue for the remainder of 2022. At Silvertip, which is at a very exciting stage right now, Drilling continues to show the robustness of the deposit, with consistently impressive intercepts in the Discovery South, Southern Silver and Camp Creek zones. Drilling will continue to step out from and extend known deposits, but in addition, summer season programs are being expanded to include testing of the regional package with the aim of vectoring towards the mineralizing source. We believe that the resource outlined to date has been defined and what is likely a small part of a larger mineralising system and we firmly believe that Silvertip has the possibility to become a much larger resource and be a future source of high quality growth for the company. I will now turn the call over to Mick.