Coeur Mining, Inc. Announces Early Participation Deadline Results of Previously Announced Exchange Offer and Consent Solicitation for New Gold Senior Notes

• On April 6 2026 Coeur Mining announced the early‑participation results of its previously announced exchange offer and consent solicitation for New Gold’s $400 million 6.875% senior notes due 2032.
• As of the early‑participation deadline (April 3 2026, 5:00 p.m. NY time) holders tendered $385.3 million (96.33 %) of the outstanding notes.
• Consideration per $1,000 principal of existing notes:
• Cash component: $2.00
• Premium in new notes: $50 additional principal
• Total exchange consideration: up to $950 principal of new Coeur notes per $1,000 existing notes (subject to caps).
• The company obtained the required consents to amend the existing indenture, eliminating most restrictive covenants and many events that could trigger an event of default; a supplemental indenture was executed and will become operative upon settlement.
• Exchange offer expiration is April 20 2026 (unless extended/terminated); expected settlement date is no earlier than the second business day after expiration, approximately April 22 2026.
• Dealer manager: RBC Capital Markets, LLC; information/exchange agent: Global Bondholder Services Corporation.
• Eligibility limited to qualified institutional buyers (Rule 144A) or non‑U.S. persons (Regulation S); Canadian holders must submit a specific certification.

• The early‑participation tender level of 96 % is well above typical thresholds and indicates strong bondholder appetite for the exchange.
• Successful completion will replace New Gold’s notes with Coeur‑issued notes that retain the same 6.875% coupon, maturity (2032) and redemption features but remove most restrictive covenants, thereby increasing operational flexibility and reducing default risk.
• However, this outcome was anticipated after the launch of the exchange offer on March 23; the news is an update rather than a surprise or game‑changing development.
• Consequently, the impact is positive but routine – it reinforces the previously announced financing plan without altering the fundamental valuation outlook.

(Repeated for completeness as per required section order – content identical to earlier company overview.)

• Coeur Mining, Inc. is a diversified precious metals producer with operating mines in North America (e.g., Palmarejo, Rochester) and, following the March 19 2026 acquisition, the former New Gold assets:
• New Afton (British Columbia): copper‑gold porphyry operation; proven & probable reserves of 36.2 Mt containing 780 koz Au, 2.1 Moz Ag, 591 Mlb Cu.
• Rainy River (Ontario): gold‑silver open pit; proven & probable reserves of 2.2 Moz Au, 5.6 Moz Ag.
• The combined entity positions Coeur as one of the largest senior precious metals producers in North America, with significant gold, silver and copper output potential.