Attached files
| file | filename |
|---|---|
| EX-95.1 - EXHIBIT 95.1 - Coeur Mining, Inc. | cde-12311610kex951.htm |
| EX-32.2 - EXHIBIT 32.2 - Coeur Mining, Inc. | cde-12311610kex322.htm |
| EX-32.1 - EXHIBIT 32.1 - Coeur Mining, Inc. | cde-12311610kex321.htm |
| EX-31.2 - EXHIBIT 31.2 - Coeur Mining, Inc. | cde-12311610kex312.htm |
| EX-31.1 - EXHIBIT 31.1 - Coeur Mining, Inc. | cde-12311610kex311.htm |
| EX-23.2 - EXHIBIT 23.2 - Coeur Mining, Inc. | cde-12311610kex232.htm |
| EX-23.1 - EXHIBIT 23.1 - Coeur Mining, Inc. | cde-123116x10kex231.htm |
| EX-21 - EXHIBIT 21 - Coeur Mining, Inc. | cde-12311610kex21.htm |
| EX-10.32 - EXHIBIT 10.32 - Coeur Mining, Inc. | cde-12311610kex1032.htm |
| EX-10.31 - EXHIBIT 10.31 - Coeur Mining, Inc. | cde-12311610kex1031.htm |
| EX-10.30 - EXHIBIT 10.30 - Coeur Mining, Inc. | cde-12311610kex1030.htm |
| 10-K - 10-K - Coeur Mining, Inc. | cde-12311610k.htm |
Exhibit 12
RATIO OF EARNINGS TO FIXED CHARGES
The following table sets forth our ratio of earnings to fixed charges for the periods indicated (dollars in thousands):
Year ended December 31, | |||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||
Fixed Charges: | |||||||||||||||||||
Interest expense | $ | 34,987 | $ | 43,446 | $ | 45,806 | $ | 39,152 | $ | 26,060 | |||||||||
Capitalized interest | 1,226 | 3,098 | 1,710 | 2,694 | 2,663 | ||||||||||||||
Amortization of public offering costs | 1,933 | 2,257 | 1,740 | 2,143 | 1,146 | ||||||||||||||
Portion of rent expense representative of interest | 4,692 | 3,998 | 3,303 | 4,864 | 3,986 | ||||||||||||||
Total fixed charges | $ | 42,838 | $ | 52,799 | $ | 52,559 | $ | 48,853 | $ | 33,855 | |||||||||
Earnings available for fixed charges: | |||||||||||||||||||
Net income (loss) from continuing operations before income taxes | $ | 1,113 | $ | (393,446 | ) | $ | (1,615,128 | ) | $ | (808,679 | ) | $ | 119,484 | ||||||
Fixed charges above | 42,838 | 52,799 | 52,559 | 48,853 | 33,855 | ||||||||||||||
Less interest capitalized | (1,226 | ) | (3,098 | ) | (1,710 | ) | (2,694 | ) | (2,663 | ) | |||||||||
Current period amortization of capitalized interest | 2,022 | 3,492 | 4,895 | 6,899 | 5,725 | ||||||||||||||
Total earnings available for fixed charges | 44,747 | (340,253 | ) | (1,559,384 | ) | (755,621 | ) | 156,401 | |||||||||||
Earnings sufficient (insufficient) to cover fixed charges | $ | 1,909 | $ | (393,052 | ) | $ | (1,611,943 | ) | $ | (804,474 | ) | $ | 122,546 | ||||||
Ratio of earnings to fixed charges | 1.04 | x | N/A | N/A | N/A | 4.62x | |||||||||||||
N/A - represents coverage ratio of less than 1.