Coeur Mining exchanges $5.9M notes for stock, settles Kensington royalty litigation with Maverix

Coeur Mining, Inc.

Exchanged $5.9M principal of 5.125% Senior Notes due 2029 for 1,771,651 common shares in a private transaction.
Resolved litigation with Maverix Metals over Kensington mine royalty; amended royalty rate to 1.25% (2024-2026) and 1.5% (2027+), eliminated cost recoupment.
As part of settlement, Coeur will issue up to 2,455,000 shares to Maverix affiliate; $3.0M value due by Apr 2, 2024, and $3.75M by Mar 28, 2025.
Settlement shares credited against royalty as payment in arrears for pre-2024 production; royalty applies to up to 2M oz gold from Kensington.

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