CDE

MKT CAP $14.5BP/E 11.6DIV YIELD —FCF YIELD 7.98%REV TTM $3.2B +117.3%NET INCOME $850.4M +346.0%NET CASH $785.8M52W 13.82 – 27.15SEC XBRL · TTM TO Invalid Date

How CDE rewrote its risk factors

10-K ITEM 1A · FY2024 → FY2025

Text kept

37%

of sentences unchanged

Added

455

new sentences

Dropped

403

sentences removed

Length

+2,758

words, now 43,386

New in FY2025

Coeur had attributable proven and probable gold reserves of 4.4 million ounces at December 31, 2025.
For 2025 and 2024, reserves were estimated at gold price assumptions of $2,200 and $1,800 per ounce, respectively, except for Kensington at $2,200 and $2,000 per ounce, respectively.
The increase in the reserves gold price assumption is based on the Company's assessment of multiple factors, including exploration growth, historical pricing trends, consensus price forecasts, and operational cost increases.
We estimate that our 2025 reserves would increase by 6% (4.6 million ounces), or decline by 10% (3.9 million ounces), if the gold price assumption increased or decreased $200 per ounce, respectively, with all other assumptions remaining constant.
Coeur had attributable proven and probable silver reserves of 274.4 million ounces at December 31, 2025.
For 2025 and 2024, reserves were estimated at a silver price assumption of $26.00 and $23.50 per ounce, respectively.
The increase in the reserves silver price assumption is based on the Company's assessment of multiple factors, including including exploration growth, historical pricing trends, consensus price forecasts, and operational cost increases.
We estimate that our 2025 reserves would increase by 3% (283.1 million ounces), or decline by 8% (251.3 million ounces), if the silver price assumption increased or decreased $2.00 per ounce, respectively, with all other assumptions remaining constant.
MINERAL RESERVES Summary Gold Mineral Reserves at End of the Fiscal Year Ended December 31, 2025 (1)(2)(3)(9) Proven Mineral Reserves Probable Mineral Reserves Total Mineral Reserves Coeur Ownership Tonnes (000s) Grade (grams/tonne) Ounces (000s) Tonnes (000s) Grade (grams/tonne) Ounces (000s) Tonnes (000s) Grade (grams/tonne) Ounces (000s) Mexico Palmarejo (4) 100% 5,183 1.79 295 13,927 1.41 632 19,064 1.51 928 Las Chispas (8) 100% 981 4.19 132 2,240 2.28 164 3,221 2.86 296 United States Rochester (5) 100% 402,556 0.09 1,162 45,100 0.12 171 447,656 0.09 1,332 Kensington (6) 100% 1,539 5.92 293 1,297 6.07 253 2,836 5.99 546 Wharf (7) 100% 20,334 0.73 477 34,727 0.69 773 55,061 0.71 1,250 Total Gold 430,547 0.17 2,360 97,291 0.64 1,993 527,838 0.26 4,353 Summary Silver Mineral Reserves at End of the Fiscal Year Ended December 31, 2025 (1)(2)(3)(9) Proven Mineral Reserves Probable Mineral Reserves Total Mineral Reserves Coeur Ownership Tonnes (000s) Grade (grams/tonne) Ounces (000s) Tonnes (000s) Grade (grams/tonne) Ounces (000s) Tonnes (000s) Grade (grams/tonne) Ounces (000s) Mexico Palmarejo (4) 100% 5,138 117.11 19,344 13,927 100.44 44,973 19,064 104.93 64,318 Las Chispas (8) 100% 981 442.91 13,973 2,240 198.50 14,293 3,221 272.96 28,266 United States Rochester (5) 100% 402,556 12.81 165,799 45,100 11.04 16,014 447,656 12.63 181,814 Total Silver 408,675 15.15 199,117 61,267 38.22 75,280 469,941 18.16 274,397 (1) Certain definitions: The term “reserve” means that part of a mineral deposit that can be economically and legally extracted or produced at the time of the reserve determination.
The term “cut-off grade” means the lowest grade of mineralized material considered economic to process.
Cut-off grades vary between deposits depending upon prevailing economic conditions, mineability of the deposit, by-products, amenability of the mineralized material to silver or gold extraction and type of milling or leaching facilities available.
(2) Assumed metal prices for 2025 Mineral Reserves were $26.00 per ounce of silver, $2,200 per ounce of gold, $1.15 per pound of zinc, $0.95 per pound of lead.
(3) The Mineral Reserve estimates are current as of December 31, 2025, are reported using the definitions in Item 1300 of Regulation S-K and were prepared by the Company’s technical staff.
Mineral Reserve point of reference is delivered to the process facility.
(4) Mineral Reserve estimates use the following key input parameters: assumption of conventional longhole underground mining; reported above a variable gold equivalent cut-off grade that ranges from 1.27–2.19 g/tonne AuEq and an incremental development cut-off grade 0.78 g/tonne AuEq; metallurgical recovery assumption of 95.4% for gold and 87.1% for silver; mining dilution assumes 0.4–1.0 meter of hanging/foot wall waste dilution; mining loss of 15% was applied; variable mining costs that range from US$32.29–$43.08/tonne, surface haulage costs of US$4.40/tonne, process costs of US$30.02/tonne, general and administrative costs of US$14.17/tonne, and surface/auxiliary support costs of US$3.52/tonne.
(5) Mineral Reserve estimates are tabulated within a confining pit design and use the following input parameters: Rochester oxide variable recovery Au = 71.2–85.9% and Ag = 59.4%; Rochester sulfide variable recovery Au = 15.2–77.7% and Ag = 0.0–59.4%; with a net smelter return cut-off of $4.12/ton oxide and US$4.22/ton sulfide; Nevada Packard oxide recovery Au = 88.4% and Ag = 59.4%; with a net smelter return cut-off of $4.92/ton for oxide; Lincoln Hill oxide recovery Au = 61-63.9% and Ag = 18.5-39.5%; with a net smelter return cut-off of $5.02/ton for oxide where the NSR is calculated as net smelter return (NSR) = silver grade (oz/ton) * silver recovery (%) * (silver price ($/oz) - refining cost ($/oz)) + gold grade (oz/ton) * gold recovery (%) * (gold price ($/oz) - refining cost ($/oz)); variable pit slope angles that approximately average 48º over the life-of-mine.
(6) Mineral Reserve estimates use the following key input parameters: assumption of conventional underground mining; reported above a gold cut-off grade of 0.123 oz/ton Au and an incremental development cut-off grade of 0.04 oz/ton Au; metallurgical recovery assumption of 94.5%; gold payability of 97.5%; gold royalty of 1.5%; mining dilution of 15-20%; mining loss of 12% was applied; mining costs of US$127.32/ton mined; process costs of US$51.48/ton processed; general and administrative costs of US$49.74/ton processed; sustaining capital US$5.79/ton processed; and concentrate refining and shipping costs of US$104.73/oz sold.
(7) Mineral Reserve estimates use the following key input parameters: assumption of conventional open pit mining; reported above a NSR cut-off grade of $13.42/ton ; average metallurgical recovery assumption of 78.0%; royalty burden of US$112.00/oz Au; pit slope angles that vary from 34–50º; mining costs of US$2.71/ton mined, process costs of US$13.42/ton processed (includes general & administrative and sustaining capital costs).
(8) Mineral Reserve estimates uses the following key input parameters: assumption of conventional underground mining; reported above a silver equivalent (AgEq) cut-off grade of 140 g/tonne and an incremental development cut-off grade of 59 g/tonne AgEq; metallurgical recovery assumption of 97.5% for silver and 98.0% for gold; mining dilution assumes 5% for development, 1 meter to 1.25 meters of ELOS (0.25 m – 0.5 m of hanging wall and 0.5 m – 1.0 m of footwall dilution) depending on geotechnical conditions in each stoping location, 0.2 meter ELOS (0.1 m of hanging wall and 0.1 m of footwall dilution) for cut and fill, 0.25 m for each exposed backfill floor, and 0.5 m for each exposed backfill wall; mining loss of 2% for development and 5% for stoping was applied; variable production mining costs that range from US$65–US$154/tonne, development mining costs of US$39/tonne, process costs of US$42/tonne, site general and administrative costs of US$25/tonne, underground general and administrative costs of US$18/tonne, and sustaining capital costs of US$12/tonne.
(9) Rounding of tonnes, grades, and troy ounces, as required by reporting guidelines, may result in apparent differences between tonnes, grades, and contained metal contents.
MINERAL RESOURCES Summary Gold Mineral Resources at End of the Fiscal Year Ended December 31, 2025 (1)(2)(3)(11) Measured Mineral Resources Indicated Mineral Resources Measured + Indicated Mineral Resources Inferred Mineral Resources Coeur Ownership Tonnes (000s) Grade (grams/tonne) Ounces (000s) Tonnes (000s) Grade (grams/tonne) Ounces (000s) Tonnes (000s) Grade (grams/tonne) Ounces (000s) Tonnes (000s) Grade (grams/tonne) Ounces (000s) Mexico Palmarejo Mine, Mexico (4) 100% 4,598 1.60 236 12,197 2.02 792 16,795 1.90 1,028 19,203 2.05 1,265 Las Chispas Mine, Mexico (10) 100% 282 0.76 7 1,700 1.11 61 1,983 1.06 67 2,117 1.98 135 United States Rochester Mine, USA (7) 100% 133,346 0.06 253 34,996 0.09 100 168,342 0.07 353 138,129 0.07 323 Kensington Mine, USA (5) 100% 1,114 7.48 268 674 7.59 164 1,788 7.52 433 452 6.60 96 Wharf Mine, USA (6) 100% 9,681 0.55 171 52,116 0.61 1,104 61,797 0.60 1,185 72,881 0.63 1,487 Wilco Project, USA (9) 100% — — — — — — — — — 23,348 0.71 531 Total Gold 149,022 0.20 935 101,683 0.65 2,131 250,705 0.38 3,066 256,131 0.47 3,837 Summary Silver Mineral Resources at End of the Fiscal Year Ended December 31, 2025 (1)(2)(3)(11) Measured Mineral Resources Indicated Mineral Resources Measured + Indicated Mineral Resources Inferred Mineral Resources Coeur Ownership Tonnes (000s) Grade (grams/tonne) Ounces (000s) Tonnes (000s) Grade (grams/tonne) Ounces (000s) Tonnes (000s) Grade (grams/tonne) Ounces (000s) Tonnes (000s) Grade (grams/tonne) Ounces (000s) Mexico Palmarejo Mine, Mexico (4) 100% 4,598 94.99 14,042 12,197 108.28 42,462 16,795 104.64 56,505 19,203 97.64 60,281 Las Chispas Mine, Mexico (10) 100% 282 77.83 707 1,700 103.36 5,650 1,983 99.72 6,357 2,117 172.84 11,767 United States Rochester Mine, USA (7) 100% 133,346 9.01 38,621 34,996 11.45 12,882 168,342 9.52 51,503 138,129 12.37 54,925 Wilco Project, USA (9) 100% — — — — — — — — — 23,348 4.46 3,346 Canada Silvertip Mine, Canada (8) 100% 1,173 244.47 9,219 7,171 209.81 48,369 8,343 214.68 57,588 1,960 181.40 11,433 Total Silver 139,399 13.97 62,589 56,064 60.67 109,364 195,463 27.36 171,953 184,758 23.86 141,752 Summary Zinc Mineral Resources at End of the Fiscal Year Ended December 31, 2025 (1)(2)(3)(11) Measured Mineral Resources Indicated Mineral Resources Measured + Indicated Mineral Resources Inferred Mineral Resources Coeur Ownership Tonnes (000s) Grade (%) Pounds (000s) Tonnes (000s) Grade (%) Pounds (000s) Tonnes (000s) Grade (%) Pounds (000s) Tonnes (000s) Grade (%) Pounds (000s) Canada Silvertip Mine, Canada (8) 100% 1,173 6.60 % 170,611 7,171 6.73 % 1,063,609 8,343 6.71 % 1,234,220 1,960 6.31 % 272,616 Summary Lead Mineral Resources at End of the Fiscal Year Ended December 31, 2025 (1)(2)(3)(11) Measured Mineral Resources Indicated Mineral Resources Measured + Indicated Mineral Resources Inferred Mineral Resources Coeur Ownership Tonnes (000s) Grade (%) Pounds (000s) Tonnes (000s) Grade (%) Pounds (000s) Tonnes (000s) Grade (%) Pounds (000s) Tonnes (000s) Grade (%) Pounds (000s) Canada Silvertip Mine, Canada (8) 100% 1,173 4.61 % 119,213 7,171 3.58 % 566,286 8,343 3.73 % 685,499 1,960 3.12 % 134,694 (1) Certain definitions: The term “resource” means that it is a concentration or occurrence of material of economic interest in or on the Earth’s crust in such form, grade or quantity that there are reasonable prospects for economic extraction.
(2) In-Situ Mineral Resource estimates are reported exclusive of mineral reserves, are current as of December 31, 2025, are reported using definitions in Item 1300 of Regulation S-K and were prepared by the Company’s technical staff.
(3) Assumed metal prices for 2025 estimated Mineral Resources were $30.00 per ounce of silver, $2,500 per ounce of gold, $1.30 per pound of zinc, $1.00 per pound of lead, unless otherwise noted.
(4) Mineral Resource estimates use the following key input parameters: assumption of conventional longhole underground mining; reported above a variable gold equivalent cut-off grade that ranges from 0.93–1.62 g/tonne AuEq; metallurgical recovery assumption of 95.4% for gold and 87.1% for silver; variable mining costs that range from US$32.29–$43.08/tonne; surface haulage costs of US$4.40/tonne; process costs of US$30.02/tonne; general and administrative costs of US$14.17/tonne; and surface/auxiliary support costs of US$3.52/tonne.
(5) Mineral Resource estimates use the following key input parameters: assumption of conventional longhole underground mining; reported above a variable gold cut-off grade of 0.108 oz/ton Au; metallurgical recovery assumption of 94.5%; gold payability of 97.5%; mining costs of US$127.32/ton mined; process costs of US$51.48/ton processed; general and administrative costs of US$49.74/ton processed; sustaining capital US$5.79/ton processed; and concentrate refining and shipping costs of US$104.73/oz sold.
(6) Mineral Resource estimates use the following key input parameters: assumption of conventional open pit mining; reported above a NSR cut-off grade of 13.42$/ton; average metallurgical recovery assumption of 78.0% across all rock types; royalty burden of US$112.00/oz Au; pit slope angles that vary from 34–50º; mining costs of $2.71/ton mined; process costs of US$13.42/ton processed (includes general & administrative and sustaining capital costs).
(7) Mineral Resource estimates are tabulated within a confining pit shell and use the following input parameters: Rochester oxide variable recovery Au = 71.2–85.9% and Ag = 59.4% and Rochester sulfide variable recovery Au = 15.2–77.7% and Ag = 0.0–59.4%, with a net smelter return cut-off of $4.12/ton oxide and US$4.22/ton sulfide; Nevada Packard oxide recovery Au = 88.4% and Ag = 59.4%, with a net smelter return cut-off of $4.92/ton for oxide; Lincoln Hill oxide recovery Au = 61-63.9% and Ag = 18.5-39.5%, with a net smelter return cut-off of $5.02/ton for oxide, where the NSR is calculated as net smelter return (NSR) = silver grade (oz/ton) * silver recovery (%) * (silver price ($/oz) - refining cost ($/oz)) + gold grade (oz/ton) * gold recovery (%) * (gold price ($/oz) - refining cost ($/oz)); variable pit slope angles that approximately average 48º over the life-of-mine.
(8) Underground Mineral Resource estimates are reported using a net smelter return (“NSR”) cut-off of US$130/tonne.
Mineral Resources are reported in-situ using the following assumptions: The estimates use the following key input parameters: lead recovery of 89-90%, zinc recovery of 82-83% and silver recovery of 83-84%.
Lead concentrate grade of 53-54%; zinc concentrate grade of 56-57%; mining costs of US$68.77/tonne; processing costs of US$58.20/tonne and US$46.49/tonne, where the NSR ($/tonne) = tonnes x grade x metal prices x metallurgical recoveries – royalties – TCRCs – transport costs over the life of the mine.
(9) Open Pit Mineral Resource estimates are reported using an equivalent gold cut-off of 0.20 ounces per ton assuming a silver to gold ratio of 60:1.
Resources are reported in-situ and contained within a conceptual measured, indicated and inferred optimized pit shell.
Silver price of US$22/oz, gold price of US$1,350/oz.
(10) Mineral Resource estimates uses the following key input parameters: assumption of conventional underground mining; reported above a silver equivalent cut-off grade (AgEq) of 140 g/tonne; metallurgical recovery assumption of 97.5% for silver and 98.0% for gold; mining loss of 2% for development and 5% for stoping was applied, additional losses have been included to account for the required pillars in uphole stopes that cannot be filled; variable production mining costs that range from US$58.06–US$239.51/tonne, development mining costs of US$27.40/tonne, process costs of US$45.72/tonne, site general and administrative costs of US$20.70/tonne, underground general and administrative costs of US$12.81/tonne, and sustaining capital costs of US$7.64/tonne.
(11) Rounding of tonnes, grades, and troy ounces, as required by reporting guidelines, may result in apparent differences between tonnes, grades, and contained metal contents.
Legal Proceedings See Note 18 -- Commitments and Contingencies in the notes to the Consolidated Financial Statements included herein.
The Company recently applied for listing on the Toronto Stock Exchange (“TSX”).
Approval of the listing remains subject to the TSX’s final review and acceptance.
On February 16, 2026, there were 642,097,555 outstanding shares of the Company’s common stock which were held by approximately 981 stockholders of record.
STOCK PERFORMANCE CHART COMPARISON OF CUMULATIVE TOTAL RETURN AMONG COEUR MINING, S&P 500 INDEX AND PEER GROUP INDEX The following performance graph compares the performance of the Company’s common stock during the period beginning December 31, 2020 and ending December 31, 2025 to (i) S&P 500, and (ii) the Arca Gold Miners Index (the “TSR Peer Group”), which the Company began using as its peer group index solely for purposes of the relative total stockholder return (“TSR”) calculation under the Company’s equity compensation program beginning in 2023.

and 415 more.

Gone since FY2024

MINERAL RESERVES Summary Gold Mineral Reserves at End of the Fiscal Year Ended December 31, 2024 (1)(2)(3)(9) Proven Mineral Reserves Probable Mineral Reserves Total Mineral Reserves Coeur Ownership Tons (000s) Grade (oz./ton) Ounces (000s) Tons (000s) Grade (oz./ton) Ounces (000s) Tons (000s) Grade (oz./ton) Ounces (000s) Mexico Palmarejo (4) 100% 3,473 0.059 205 8,373 0.057 475 11,845 0.057 681 Las Chispas (8) 100% 787 0.150 118 2,700 0.088 239 3,486 0.102 357 United States Rochester (5) 100% 468,432 0.002 1,116 59,123 0.003 182 527,555 0.002 1,298 Kensington (6) 100% 1,340 0.186 249 1,427 0.177 252 2,768 0.181 501 Wharf (7) 100% 6,563 0.030 199 22,993 0.024 558 29,556 0.026 757 Total Gold 480,595 0.004 1,887 94,615 0.018 1,706 575,211 0.006 3,593 Summary Silver Mineral Reserves at End of the Fiscal Year Ended December 31, 2024 (1)(2)(3)(9) Proven Mineral Reserves Probable Mineral Reserves Total Mineral Reserves Coeur Ownership Tons (000s) Grade (oz./ton) Ounces (000s) Tons (000s) Grade (oz./ton) Ounces (000s) Tons (000s) Grade (oz./ton) Ounces (000s) Mexico Palmarejo (4) 100% 3,473 3.94 13,667 8,373 3.86 32,307 11,845 3.88 45,974 Las Chispas (8) 100% 787 16.00 12,586 2,700 7.75 20,931 3,486 9.61 33,516 United States Rochester (5) 100% 468,432 0.37 172,408 59,123 0.32 18,632 527,555 0.36 191,040 Total Silver 472,691 0.42 198,660 70,195 1.02 71,870 542,887 0.50 270,530 (1) Certain definitions: The term “reserve” means that part of a mineral deposit that can be economically and legally extracted or produced at the time of the reserve determination.
The term “cutoff grade” means the lowest grade of mineralized material considered economic to process.
Cutoff grades vary between deposits depending upon prevailing economic conditions, mineability of the deposit, by-products, amenability of the mineralized material to silver or gold extraction and type of milling or leaching facilities available.
(2) Assumed metal prices for 2024 Mineral Reserves were $23.50 per ounce of silver, $1,800 per ounce of gold, $1.15 per pound of zinc, $0.95 per pound of lead, except for Kensington at $2,000 per ounce of gold.
(3) The Mineral Reserve estimates are current as of December 31, 2024, are reported using the definitions in Item 1300 of Regulation S-K and were prepared by the Company’s technical staff.
(4) Mineral Reserve estimates use the following key input parameters: assumption of conventional longhole underground mining; reported above a variable gold equivalent cut-off grade that ranges from 2.13–2.45 g/t AuEq and an incremental development cut-off grade 1.05 g/t AuEq; metallurgical recovery assumption of 92.0% for gold and 83.0% for silver; mining dilution assumes 0.3–1.5 meter of hanging/foot wall waste dilution; mining loss of 15% was applied; variable mining costs that range from US$57.67–US$74.45/tonne, surface haulage costs of US$4.29/tonne, process costs of US$31.06/tonne, general and administrative costs of US$15.95/tonne, and surface/auxiliary support costs of US$4.42/tonne.
(5) Mineral Reserve estimates are tabulated within a confining pit design and use the following input parameters: Rochester oxide variable recovery Au = 77.7–85.9% and Ag = 59.4-61.0%; Rochester sulfide variable recovery Au = 15.2–77.7% and Ag = 0.0–59.4%; with a net smelter return cutoff of $3.76/ton oxide and US$3.86/ton sulfide; Nevada Packard oxide recovery Au = 92.0% and Ag = 61.0%; with a net smelter return cutoff of $4.24/ton for oxide; Lincoln Hill oxide recovery Au = 63.9% and Ag = 39.5%; with a net smelter return cutoff of $4.53/ton for oxide where the NSR is calculated as resource net smelter return (NSR) = silver grade (oz/ton) * silver recovery (%) * (silver price ($/oz) - refining cost ($/oz)) + gold grade (oz/ton) * gold recovery (%) * (gold price ($/oz) - refining cost ($/oz)); variable pit slope angles that approximately average 48º over the life-of-mine (6) Mineral Reserve estimates use the following key input parameters: assumption of conventional underground mining; gold price of $2,000/oz; reported above a gold cut-off grade of 0.133 oz/ton Au; metallurgical recovery assumption of 94.2%; gold payability of 97.5%; mining dilution of 15-20%; mining loss of 12% was applied; mining costs of US$116.09/ton mined; process costs of US$55.14/ton processed; general and administrative costs of US$53.18/ton processed; sustaining capital US$4.50/ton processed; and concentrate refining and shipping costs of US$97.48/oz sold.
(7) Mineral Reserve estimates use the following key input parameters: assumption of conventional open pit mining; reported above a gold cut-off grade of 0.010 oz/ton Au; average metallurgical recovery assumption of 78.0%; royalty burden of US$140.40/oz Au; pit slope angles that vary from 34–50º; mining costs of US$2.56/ton mined, process costs of US$12.02/ton processed (includes general & administrative and sustaining capital costs).
(8) Mineral Reserve estimates uses the following key input parameters: assumption of conventional underground mining; reported above a silver cut-off grade of 250 g / tonne silver equivalent and an incremental development cut-off grade of 63 g / tonne AgEq; metallurgical recovery assumption of 97.5% for silver and 98.0% for gold; mining dilution assumes 5% for development, 1 meter to 1.5 meters of ELOS (0.5 m – 1.0 m of hanging wall and 0.25 m – 0.5 m of footwall dilution) depending on geotechnical conditions in each stoping location, 0.2 meter ELOS (0.1 m of hanging wall and 0.1 m of footwall dilution) for cut and fill, 0.4 meter ELOS (0.2 m of hanging wall and 0.2 m of footwall dilution), 0.25 m for each exposed backfill floor, and 0.5 m for each exposed backfill wall; mining loss of 2% for development and 5% for stoping was applied, additional losses have been included to account for the required pillars in uphole stopes that cannot be filled; variable production mining costs that range from US$58.06–US$239.51/tonne, development mining costs of US$27.40/tonne, process costs of US$45.72/tonne, site general and administrative costs of US$20.70/tonne, underground general and administrative costs of US$12.81/tonne, and sustaining capital costs of US$7.64/tonne.
(9) Rounding of short tons, grades, and troy ounces, as required by reporting guidelines, may result in apparent differences between tons, grades, and contained metal contents.
MINERAL RESOURCES Summary Gold Mineral Resources at End of the Fiscal Year Ended December 31, 2024 (1)(2)(3)(11) Measured Mineral Resources Indicated Mineral Resources Measured + Indicated Mineral Resources Inferred Mineral Resources Coeur Ownership Tons (000s) Grade (oz./ton) Ounces (000s) Tons (000s) Grade (oz./ton) Ounces (000s) Tons (000s) Grade (oz./ton) Ounces (000s) Tons (000s) Grade (oz./ton) Ounces (000s) Mexico Palmarejo Mine, Mexico (4) 100% 6,996 0.068 474 15,368 0.062 949 22,363 0.064 1,423 6,577 0.098 643 Las Chispas Mine, Mexico (10) 100% 116 0.305 35 1,094 0.110 120 1,211 0.129 156 1,276 0.113 144 United States Rochester Mine, USA (7) 100% 82,371 0.002 144 40,402 0.003 116 122,773 0.002 260 116,521 0.002 258 Kensington Mine, USA (5) 100% 2,150 0.254 546 1,450 0.235 340 3,600 0.246 886 993 0.229 228 Wharf Mine, USA (6) 100% 10,180 0.017 175 49,155 0.017 845 59,335 0.017 1,019 26,735 0.018 470 Wilco Project, USA (9) 100% — — — — — — — — — 25,736 0.021 531 Total Gold 101,813 0.013 1,374 107,469 0.022 2,370 209,282 0.018 3,744 177,839 0.013 2,273 Summary Silver Mineral Resources at End of the Fiscal Year Ended December 31, 2024 (1)(2)(3)(11) Measured Mineral Resources Indicated Mineral Resources Measured + Indicated Mineral Resources Inferred Mineral Resources Coeur Ownership Tons (000s) Grade (oz./ton) Ounces (000s) Tons (000s) Grade (oz./ton) Ounces (000s) Tons (000s) Grade (oz./ton) Ounces (000s) Tons (000s) Grade (oz./ton) Ounces (000s) Mexico Palmarejo Mine, Mexico (4) 100% 6,996 4.59 32,138 15,368 3.76 57,777 22,363 4.02 89,915 6,577 5.28 34,748 Las Chispas Mine, Mexico (10) 100% 116 31.15 3,623 1,094 9.87 10,798 1,211 11.91 14,421 1,276 7.90 10,088 United States Rochester Mine, USA (7) 100% 82,371 0.28 23,383 40,402 0.34 13,541 122,773 0.30 36,924 116,521 0.36 41,838 Wilco Project, USA (9) 100% — — — — — — — — — 25,736 0.13 3,346 Canada Silvertip Mine, Canada (8) 100% 734 10.56 7,749 6,418 7.78 49,919 7,152 8.06 57,668 2,345 6.86 16,084 Total Silver 90,217 0.74 66,894 63,282 2.09 132,035 153,499 1.30 198,929 152,456 0.70 106,104 Summary Zinc Mineral Resources at End of the Fiscal Year Ended December 31, 2024 (1)(2)(3)(11) Measured Mineral Resources Indicated Mineral Resources Measured + Indicated Mineral Resources Inferred Mineral Resources Coeur Ownership Tons (000s) Grade (%) Pounds (000s) Tons (000s) Grade (%) Pounds (000s) Tons (000s) Grade (%) Pounds (000s) Tons (000s) Grade (%) Pounds (000s) Canada Silvertip Mine, Canada (8) 100% 734 9.9 % 145,703 6,418 10.7 % 1,371,074 7,152 10.6 % 1,516,777 2,345 10.3 % 481,791 Summary Lead Mineral Resources at End of the Fiscal Year Ended December 31, 2024 (1)(2)(3)(11) Measured Mineral Resources Indicated Mineral Resources Measured + Indicated Mineral Resources Inferred Mineral Resources Coeur Ownership Tons (000s) Grade (%) Pounds (000s) Tons (000s) Grade (%) Pounds (000s) Tons (000s) Grade (%) Pounds (000s) Tons (000s) Grade (%) Pounds (000s) Canada Silvertip Mine, Canada (8) 100% 734 7.9 % 115,648 6,418 5.1 % 653,008 7,152 5.4 % 768,656 2,345 4.3 % 199,815 (1) Certain definitions: The term “resource” means that it is a concentration or occurrence of material of economic interest in or on the Earth’s crust in such form, grade or quantity that there are reasonable prospects for economic extraction.
(2) Mineral Resource estimates are reported exclusive of mineral reserves, are current as of December 31, 2024, are reported using definitions in Item 1300 of Regulation S-K and were prepared by the Company’s technical staff.
(3) Assumed metal prices for 2024 estimated Mineral Resources were $27.00 per ounce of silver, $2,100 per ounce of gold, $1.30 per pound of zinc, $1.00 per pound of lead, unless otherwise noted.
(4) Mineral Resource estimates use the following key input parameters: Assumption of conventional longhole underground mining; reported above a variable gold equivalent cut-off grade that ranges from 1.83–2.10 g/t AuEq; metallurgical recovery assumption of 92.0% for gold and 83.0% for silver; variable mining costs that range from US$57.67–US$74.45/tonne, surface haulage costs of US$4.29/tonne, process costs of US$31.06/tonne, general and administrative costs of US$15.95/tonne, and surface/auxiliary support costs of US$4.42/tonne.
(5) Mineral Resource estimates use the following key input parameters: metal price of $2,300 per ounce gold, assumption of conventional longhole underground mining; reported above a variable gold cut-off grade of 0.115 oz/ton Au; metallurgical recovery assumption of 94.2%; gold payability of 97.5%, mining costs of US$116.09/ton mined; process costs of US$55.14/ton processed; general and administrative costs of US$53.18/ton processed; Sustaining capital US$4.50/ton processed; and concentrate refining and shipping costs of US$97.48/oz sold.
(6) Mineral Resource estimates use the following key input parameters: assumption of conventional open pit mining; reported above a gold cut-off grade of 0.008 oz/ton Au; average metallurgical recovery assumption of 78.0% across all rock types; royalty burden of US$140.40/oz Au; pit slope angles that vary from 34–50º; mining costs of $2.56/ton mined, process costs of US$12.02/ton processed (includes general & administrative and sustaining capital costs).
(7) Mineral Resource estimates are tabulated within a confining pit shell and use the following input parameters: Rochester oxide variable recovery Au = 77.7–85.9% and Ag = 59.4%; Rochester sulfide variable recovery Au = 15.2–77.7% and Ag = 0.0–59.4%; with a net smelter return cutoff of $3.76/ton oxide and US$3.86/ton sulfide; Nevada Packard oxide recovery Au = 92.0% and Ag = 61.0%; with a net smelter return cutoff of $4.24/ton for oxide; Lincoln Hill oxide recovery Au = 63.9% and Ag = 39.5%; with a net smelter return cutoff of $4.53/ton for oxide, where the NSR is calculated as resource net smelter return (NSR) = silver grade (oz/ton) * silver recovery (%) * (silver price ($/oz) - refining cost ($/oz)) + gold grade (oz/ton) * gold recovery (%) * (gold price ($/oz) - refining cost ($/oz)); variable pit slope angles that approximately average 48º over the life-of-mine.
(8) Underground Mineral Resource estimates are reported using a net smelter return (“NSR”) cutoff of US$130/tonne.
Mineral Resources are reported insitu using the following assumptions: The estimates use the following key input parameters: lead recovery of 89-90%, zinc recovery of 82-83% and silver recovery of 83-84%.
Lead concentrate grade of 53-54%; zinc concentrate grade of 56-57%; mining costs of US$68.77/tonne; processing costs of US$58.20/tonne and US$46.49/tonne, where the NSR ($/tonne) = tonnes x grade x metal prices x metallurgical recoveries – royalties – TCRCs – transport costs over the life of the mine. 2023 metal prices were used to determine the mineral resource which were $25.00 per ounce of silver, $1.30 per pound of zinc, $1.00 per pound of lead.
(9) Open Pit Mineral Resource estimates are reported using an equivalent gold cutoff of 0.20 ounces per ton assuming a silver to gold ratio of 60:1.
Resources are reported in-situ and contained withed a conceptual measured, indicated and inferred optimized pit shell.
Silver price of US$20/oz, gold price of US$1,400/oz.
The technical and economic parameters are those that were used in the 2018 Resource Estimation.
Based on the QPs review of the estimate, there would be no material change to the mineral resources if a gold price of US$1,700/oz, a silver price of US$22/oz or economic parameters were updated.
Therefore the 2018 Mineral Resource report is considered current and is presented unchanged.
(10) Mineral Resource estimates uses the following key input parameters: assumption of conventional underground mining; reported above a silver cut-off grade of 205 g / tonne silver equivalent and an incremental development cut-off grade of 54 g / tonne AgEq; metallurgical recovery assumption of 97.5% for silver and 98.0% for gold; mining loss of 2% for development and 5% for stoping was applied, additional losses have been included to account for the required pillars in uphole stopes that cannot be filled; variable production mining costs that range from US$58.06–US$239.51/t, development mining costs of US$27.40/t, process costs of US$45.72/t, site general and administrative costs of US$20.70/t, underground general and administrative costs of US$12.81/t, and sustaining capital costs of US$7.64/t.
(11) Rounding of short tons, grades, and troy ounces, as required by reporting guidelines, may result in apparent differences between tons, grades, and contained metal contents.
Legal Proceedings See Note 17 -- Commitments and Contingencies in the notes to the Consolidated Financial Statements included herein.
On February 17, 2025, there were 638,557,875 outstanding shares of the Company’s common stock which were held by approximately 1,012 stockholders of record.
On February 14, the Company completed the closing of the Transaction to acquire SilverCrest.
In connection with the Transaction, Coeur increased the authorized common shares for issuance to 900,000,000 common shares.
Pursuant to a privately negotiated agreement dated March 14, 2024, Coeur exchanged $5.867 million aggregate principal amount of its 5.125% Senior Notes due 2029 for 1,771,651 shares of its common stock, par value $0.01 per share (the “Shares”).
The issuance of the Shares was pursuant to the exemption from the registration requirements afforded by Section 3(a)(9) of the Securities Act of 1933, as amended.
STOCK PERFORMANCE CHART COMPARISON OF CUMULATIVE TOTAL RETURN AMONG COEUR MINING, S&P 500 INDEX AND PEER GROUP INDEX The following performance graph compares the performance of the Company’s common stock during the period beginning December 31, 2019 and ending December 31, 2024 to (i) S&P 500, and (ii) the Arca Gold Miners Index (the “TSR Peer Group”), which the Company began using as its peer group index solely for purposes of the relative total stockholder return (“TSR”) calculation under the Company’s equity compensation program beginning in 2023.
Dec. 2019 Dec. 2020 Dec. 2021 Dec. 2022 Dec. 2023 Dec. 2024 Coeur Mining 100.0 128.09 62.38 41.58 40.35 70.79 S&P 500 Index 100.0 118.40 152.39 124.79 157.59 197.02 TSR Peer Group 100.0 122.50 109.18 97.97 106.60 116.35 Item 7.
Overview We are primarily a gold and silver producer with operating assets located in the United States and Mexico and an exploration project in Canada. 2024 Highlights For the full year 2024, Coeur reported revenue of $1.1 billion and cash provided by operating activities of $174.2 million.
We reported GAAP net income of $58.9 million, or $0.15 per diluted share.
On a non-GAAP adjusted basis 1 , the Company reported EBITDA of $339.2 million and net income of $70.1 million, or $0.18 per diluted share. • Strong full-year 2024 production and cost results – 2024 full-year production of 341,582 ounces of gold and 11.4 million ounces of silver represented year-over-year increases of 8% and 11%, respectively, and fell solidly within the 2024 guidance ranges.
Full-year 2024 costs applicable to sales per ounce 1 declined year-over-year by 13% for gold and 12% for silver • Second consecutive quarter of positive free cash flow and further EBITDA growth – Fourth quarter free cash flow of $16 million brought total second half free cash flow to $85 million.

and 363 more.

Sentence-level comparison of Item 1A in the two most recent 10-Ks (FY2024 ↗, FY2025 ↗). A reworded sentence counts as one dropped and one added, so heavy edits read as low “kept”. Headings and page furniture are stripped; nothing is summarised by a model.

Watch CDE. Know when insiders buy.

One email the day a filing lands. Free.