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Item 1. Financial Statements

2026-08-05 compared with 2026-05-06 · 316 added, 184 removed, 732 unchanged (41% of the section changed)

3 unchanged sentences

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

March 31, 2026 December 31, 2025

June 30, 2026 December 31, 2025

ASSETS Notes In thousands, except share data

32 unchanged sentences

Common stock, par value $ 0.01 per share;

authorized 1,300,000,000 shares, 1,034,497,016 issued and outstanding at March 31, 2026 and 642,092,761 at December 31, 2025

authorized 1,300,000,000 shares, 1,028,536,378 issued and outstanding at June 30, 2026 and 642,092,761 at December 31, 2025

Additional paid-in capital 12,527,639 5,783,019

6 unchanged sentences

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)

Three Months Ended March 31,

Three Months Ended June 30, Six Months Ended June 30,

2026 2025 2026 2025

Notes In thousands, except share data

30 unchanged sentences

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

Three Months Ended March 31,

Three Months Ended June 30, Six Months Ended June 30,

2026 2025 2026 2025

Notes In thousands

4 unchanged sentences

Deferred taxes ( 8,336 ) ( 12,204 ) ( 9,901 ) ( 29,557 )

(Gain) loss on debt extinguishment 8 1,554 —

Loss on debt extinguishment 8 320 — 1,874 —

Fair value adjustments, net 12 — ( 4 ) — 342

13 unchanged sentences

Proceeds from the sale of assets 670 80 1,933 80

Purchase of investments ( 45 ) — ( 45 ) —

Other ( 63 ) ( 85 ) ( 133 ) ( 175 )

5 unchanged sentences

Performance share cash settlement 11 ( 732 ) — ( 41,763 ) —

Dividend payments 15 ( 20,645 ) — ( 20,645 ) —

Share repurchases 15 ( 110,422 ) ( 2,004 ) ( 110,422 ) ( 2,004 )

Stock-based compensation tax withholdings and other financing activities 11 ( 715 ) ( 2,184 ) ( 54,674 ) ( 7,905 )

19 unchanged sentences

Balances at March 31, 2026 1,034,497 $ 10,345 $ 12,631,608 $ ( 2,229,628 ) $ 10,412,325

Net income — — — 121,853 121,853

Stock options exercise 32 — 126 — 126

Stock repurchase program 15 ( 5,982 ) ( 60 ) ( 110,362 ) — ( 110,422 )

Dividend payment 15 — — — ( 20,645 ) ( 20,645 )

Common stock issued/canceled under long-term incentive plans, annual incentive plans, director fees and options, net 11 ( 11 ) — 6,267 — 6,267

Balances at June 30, 2026 1,028,536 $ 10,285 $ 12,527,639 $ ( 2,128,420 ) $ 10,409,504

In thousands Common

9 unchanged sentences

Balances at March 31, 2025 639,061 $ 6,390 $ 5,771,030 $ ( 3,028,908 ) $ 2,748,512

Net income — — — 70,726 70,726

Stock options exercise 2,139 21 7,201 — 7,222

Stock repurchase program ( 216 ) ( 2 ) ( 2,002 ) — ( 2,004 )

Common stock issued/canceled under long-term incentive plans, annual incentive plans, director fees and options, net 1,718 17 3,914 — 3,931

Balances at June 30, 2025 642,702 $ 6,426 $ 5,780,143 $ ( 2,958,182 ) $ 2,828,387

The accompanying notes are an integral part of these Condensed Consolidated Financial Statements.

45 unchanged sentences

Updated recoverable ounce estimates are considered changes in estimate and are accounted for prospectively.

As of March 31, 2026, the Company’s estimated recoverable ounces of gold and silver on the leach pads were 54,993 and 9.5 million, respectively.

As of June 30, 2026, the Company’s estimated recoverable ounces of gold and silver on the leach pads were 72,851 and 9.7 million, respectively.

Goodwill represents the excess of the purchase price over the estimated fair value of the net assets acquired in a business acquisition.

10 unchanged sentences

Expense Disaggregation Disclosures , which includes amendments to require the disclosure of certain specific costs and expenses that are included in a relevant expense caption on the face of the income statement.

Specific costs and expenses that would be required to be disclosed include:

Specific costs and expenses required to be disclosed include:

purchases of inventory, employee compensation, depreciation and intangible asset amortization.

8 unchanged sentences

Based on the closing price of Coeur common shares on the NYSE on March 20, 2026 (the “Acquisition Date”), the implied total equity value was approximately $ 6.9 billion.

The acquisition of New Gold materially increases the Company’s level of gold production while adding meaningful copper production alongside Coeur’s existing substantial silver production profile.

It also significantly increases Coeur’s presence in Canada with the addition of the New Afton gold-copper mine in British Columbia and the Rainy River gold-silver mine in Ontario.

The acquisition of New Gold materially increased the Company’s level of gold production while adding meaningful copper production alongside Coeur’s existing substantial silver production profile.

It also significantly increased Coeur’s presence in Canada with the addition of the New Afton gold-copper mine in British Columbia and the Rainy River gold-silver mine in Ontario.

The Company retained an independent appraiser to assist with the determination of the fair value of assets acquired and liabilities assumed.

In accordance with the acquisition method of accounting, the purchase price of New Gold has been allocated to the acquired assets and assumed liabilities based on their estimated acquisition date fair values.

The fair value estimates were based on income, market and cost valuation methods.

As of March 31, 2026, the Company had not yet fully completed the analysis to assign fair values to all assets acquired and liabilities assumed, and therefore, the purchase price allocation for New Gold is preliminary.

At March 31, 2026, remaining items to finalize include the fair value of inventory, property plant and equipment and mine development, reclamation, unrecognized tax benefits, and deferred income tax assets and liabilities.

The preliminary purchase price allocation will be subject to further refinement as the Company continues to refine its estimates and assumptions based on information available

As of June 30, 2026, the Company had not yet fully completed the analysis to assign fair values to all assets acquired and liabilities assumed, and therefore, the purchase price allocation (“PPA”) for New Gold is preliminary.

At June 30, 2026, remaining items to finalize include the fair value of reclamation, unrecognized tax benefits, and deferred income tax assets and liabilities.

The preliminary PPA will be subject to further refinement as the Company continues to refine its estimates and assumptions based on information available at the Acquisition Date.

These refinements may result in material changes to the

Coeur Mining, Inc.

1 unchanged sentence

Notes to Condensed Consolidated Financial Statements

at the acquisition date.

These refinements may result in material changes to the estimated fair value of assets acquired and liabilities assumed.

The purchase price allocation adjustments can be made throughout the end of Coeur’s measurement period, which is not to exceed one year from the acquisition date.

Total transaction costs were $ 34.3 million with $ 19.9 million incurred in the three months ended March 31, 2026.

These transaction costs are included in Pre-development, reclamation, and other on the Condensed Consolidated Statements of Comprehensive Income and are reflected in pro forma earnings in the table below for the three months ended March 31, 2026 and 2025.

The following table summarizes the preliminary Acquisition Date purchase price allocation for the New Gold Transaction as of March 31, 2026:

estimated fair value of assets acquired and liabilities assumed.

The PPA adjustments can be made throughout the end of Coeur’s measurement period, which is not to exceed one year from the Acquisition Date.

Total transaction costs were $ 38.1 million, with $ 23.9 million incurred in the six months ended June 30, 2026.

The following table summarizes the preliminary Acquisition Date PPA for the New Gold Transaction as of June 30, 2026:

(Amounts in thousands, except shares and share price amounts )

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Net assets acquired $ 6,938,701

(1) As of March 31, 2026, 1.4 million cash-settled replacement restricted units were granted.

(1) In connection with the transaction, 1.4 million cash-settled replacement restricted units were granted.

(2) Deferred income tax liabilities represent the future tax expense associated with the differences between the fair value allocated to assets and liabilities and a tax basis increase to the fair value of the assets acquired in Canada and the historical carryover tax basis of assets and liabilities in all other jurisdictions.

Pro Forma Financial Information

Sales and net income in the Condensed Consolidated Statement of Comprehensive Income includes New Gold revenue and net loss of $ 134.2 million and $ 17.8 million, respectively, from the acquisition date of March 20, 2026 to March 31, 2026.

Sales and net income in the Condensed Consolidated Statement of Comprehensive Income includes New Gold revenue of $ 438.1 million and $ 572.3 million and New Gold net loss of $ 52.0 million and $ 69.9 million in the three and six months ended June 30, 2026, respectively.

The following unaudited pro forma financial information presents consolidated results assuming the New Gold Transaction occurred on January 1, 2025.

Three Months Ended

March 31, 2026 March 31, 2025

Three Months Ended Six Months Ended

June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025

Revenue $ 1,085,592 $ 791,443 $ 2,276,711 $ 1,417,691

1 unchanged sentence

Pro forma amounts assume that transaction costs were incurred in the first quarter of 2025.

The pro forma results have been calculated after applying the Company’s accounting policies and adjusting the results of New Gold to reflect the additional depreciation, depletion and amortization that would have been recognized assuming the fair value adjustments to property, plant, and equipment, and mining properties and the impact of purchase price allocation on acquired inventory which have been applied from January 1, 2025, with the consequential tax effects.

The pro forma results have been calculated after applying the Company’s accounting policies and adjusting the results of New Gold to reflect the additional depreciation, depletion and amortization that would have been recognized assuming the fair value adjustments to property, plant, and equipment, and mining properties and the impact of PPA on acquired inventory, which have been applied from January 1, 2025, with the consequential tax effects.

Coeur Mining, Inc.

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NOTE 4 – SEGMENT REPORTING

The Company’s operating segments include the Rochester, Kensington, Wharf, New Afton, Rainy River, Las Chispas and Palmarejo mines, and the Silvertip exploration project.

The Company’s operating segments include the New Afton, Rainy River, Las Chispas, Palmarejo, Rochester, Kensington and Wharf mines, and the Silvertip exploration project.

Except for the Silvertip exploration project, all operating segments are engaged in the discovery, mining, and production of gold, silver and/or copper.

8 unchanged sentences

Financial information relating to the Company’s segments is as follows (in thousands):

Three Months Ended March 31, 2026

Three Months Ended June 30, 2026

Segment Profit (Loss) Revenue Costs applicable to sales (1)

31 unchanged sentences

Notes to Condensed Consolidated Financial Statements

Three Months Ended March 31, 2025

Three Months Ended June 30, 2025

Segment Profit (Loss) Revenue Costs applicable to sales (1)

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(1) Segment assets include receivables, prepaids, inventories, property, plant and equipment, mineral interests, and goodwill.

Assets March 31, 2026 December 31, 2025

Six Months Ended June 30, 2026

Segment Profit (Loss) Revenue Costs applicable to sales (1)

Amortization Exploration General and Administrative Pre-development, reclamation, and other Income (loss) from operations Other non-operating income (expense) (2)

Income (loss) before income and

New Afton $ 171,143 $ 88,965 $ 120,591 $ 5,374 $ ( 31 ) $ 1,219 $ ( 44,975 ) $ 2,680 $ ( 42,295 )

Rainy River 401,203 364,187 96,046 5,210 108 3,031 ( 67,379 ) 6,141 ( 61,238 )

Las Chispas 380,524 66,551 74,945 6,847 881 411 230,889 7,773 238,662

Palmarejo 347,833 112,533 12,875 11,956 703 1,578 208,188 ( 1,079 ) 207,109

Rochester 322,182 112,690 29,734 2,287 773 4,518 172,180 ( 1,729 ) 170,451

Kensington 196,133 95,993 16,889 4,810 704 558 77,179 ( 214 ) 76,965

Wharf 122,766 38,837 2,154 4,956 632 ( 8,623 ) 84,810 ( 123 ) 84,687

Silvertip — — 1,890 15,516 — 7,437 ( 24,843 ) ( 242 ) ( 25,085 )

Other — — 686 2,838 40,586 26,255 ( 70,365 ) ( 15,085 ) ( 85,450 )

Total $ 1,941,784 $ 879,756 $ 355,810 $ 59,794 $ 44,356 $ 36,384 $ 565,684 $ ( 1,878 ) $ 563,806

(1) Excludes amortization.

(2) Other non-operating expenses include Gain (loss) on debt extinguishment , Fair value adjustments, net, and Other, net.

Refer to Notes 8, 12, and 14, respectively.

Additionally, Other non-operating expense includes Interest expense, net of capitalized interest, which is primarily incurred at the corporate non-operating segment included in Other .

Other Segment Information Gold Sales Silver Sales Copper Sales Revenue Segment Assets (1)

Capital Expenditures

New Afton $ 81,040 $ 2,360 $ 87,743 $ 171,143 $ 5,949,685 $ 11,826

Rainy River 388,803 12,400 — 401,203 3,709,521 63,515

Las Chispas 146,359 234,165 — 380,524 1,630,214 28,793

Palmarejo 116,808 231,025 — 347,833 312,927 15,650

Rochester 120,643 201,539 — 322,182 1,351,331 40,710

Kensington 196,140 ( 7 ) — 196,133 263,868 21,296

Wharf 120,421 2,345 — 122,766 168,966 11,162

Silvertip — — — — 230,036 6,720

Other — — — — 78,185 116

Total $ 1,170,214 $ 683,827 $ 87,743 $ 1,941,784 $ 13,694,733 $ 199,788

(1) Segment assets include receivables, prepaids, inventories, property, plant and equipment, mineral interests, and goodwill .

Coeur Mining, Inc.

and Subsidiaries

Notes to Condensed Consolidated Financial Statements

Six Months Ended June 30, 2025

Segment Profit (Loss) Revenue Costs applicable to sales (1)

Amortization Exploration General and Administrative Pre-development, reclamation, and other Income (loss) from operations Other non-operating income (expense) (2)

Income (loss) before income and

Las Chispas $ 160,669 $ 100,581 $ 31,311 $ 5,140 $ 102 $ 890 $ 22,645 $ 1,231 $ 23,876

Palmarejo 209,945 92,406 18,587 7,874 941 3,677 86,460 ( 2,021 ) 84,439

Rochester 177,603 96,464 31,655 2,691 667 4,738 41,388 ( 5,455 ) 35,933

Kensington 155,009 88,239 17,692 4,836 594 598 43,050 ( 518 ) 42,532

Wharf 137,486 56,030 3,023 6,108 535 1,771 70,019 ( 189 ) 69,830

Silvertip — — 1,874 15,335 — 6,007 ( 23,216 ) 13 ( 23,203 )

Other — — 372 954 24,323 12,433 ( 38,082 ) ( 10,238 ) ( 48,320 )

Total $ 840,712 $ 433,720 $ 104,514 $ 42,938 $ 27,162 $ 30,114 $ 202,264 $ ( 17,177 ) $ 185,087

(1) Excludes amortization.

(2) Other non-operating expenses include Gain (loss) on debt extinguishment , Fair value adjustments, net, and Other, net.

Refer to Notes 8, 12, and 14, respectively.

Additionally, Other non-operating expense includes Interest expense, net of capitalized interest, which is primarily incurred at the corporate non-operating segment included in Other .

Other Segment Information Gold Sales Silver Sales Revenue Segment Assets (1)

Capital Expenditures

Las Chispas $ 81,007 $ 79,662 $ 160,669 $ 1,725,990 $ 14,538

Palmarejo 99,762 110,183 209,945 308,483 11,500

Rochester 88,050 89,553 177,603 1,253,548 39,319

Kensington 154,933 76 155,009 246,478 31,791

Wharf 134,689 2,797 137,486 124,995 10,955

Silvertip — — — 221,675 2,382

Other — — — 58,061 324

Total $ 558,441 $ 282,271 $ 840,712 $ 3,939,230 $ 110,809

(1) Segment assets include receivables, prepaids, inventories, property, plant and equipment, mineral interests, and goodwill .

Assets June 30, 2026 December 31, 2025

Total assets for reportable segments $ 13,694,733 $ 3,928,905

3 unchanged sentences

Geographic Information

Long-Lived Assets March 31, 2026 December 31, 2025

Long-Lived Assets June 30, 2026 December 31, 2025

United States $ 1,337,930 $ 1,315,939

3 unchanged sentences

Total $ 12,788,948 $ 3,370,696

Revenue Three months ended March 31,

Revenue Three months ended June 30, Six months ended June 30,

2026 2025 2026 2025

United States $ 301,014 $ 263,861 $ 641,081 $ 470,098

7 unchanged sentences

Receivables consist of the following:

In thousands March 31, 2026 December 31, 2025

In thousands June 30, 2026 December 31, 2025

Current receivables:

2 unchanged sentences

Income tax receivable - federal 9,972 11,931

Income tax receivable - state 14,687 —

Deferred cash consideration (1)

Other 2,940 1,114

$ 73,562 $ 69,160

6 unchanged sentences

Total receivables $ 94,292 $ 88,843

(1) Represents the fair value of the contingent consideration related to the sale of La Preciosa Deferred Consideration, which included the right to an additional payment of $1.0 million on the first anniversary of initial production from any portion of the La Preciosa project.

The fair value of the contingent consideration was valued using a discounted cash flow model and is measured at fair value on a non-recurring basis.

(1) Represents the fair value of the contingent consideration related to the sale of an asset.

For more details, please see Note 5 -- Receivables contained in the 2025 10-K.

(2) Consists of exploration credit refunds at Silvertip.

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Inventory consists of the following:

In thousands March 31, 2026 December 31, 2025

In thousands June 30, 2026 December 31, 2025

Concentrate $ 21,684 $ 3,507

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Total Inventory and Ore on Leach Pads $ 1,034,479 $ 482,313

(1) Includes $ 244.2 million, $ 79.3 million, $ 19.3 million, $ 10.0 million, $ 2.5 million, and $ 1.7 million at Rainy River, Las Chispas, New Afton, Wharf, Kensington and Palmarejo at March 31, 2026, respectively.

(1) Includes $ 90.3 million, $ 74.1 million, $ 7.3 million, $ 3.7 million, $ 1.8 million, and $ 1.1 million at Las Chispas, Rainy River, New Afton, Wharf, Kensington and Palmarejo at June 30, 2026, respectively.

Includes $ 73.6 million, $ 8.4 million, $ 2.3 million, and $ 1.1 million at Las Chispas, Wharf, Kensington and Palmarejo at December 31, 2025, respectively.

(2) Includes $ 195.8 million, and $ 42.1 million at Rainy River and Rochester, at March 31, 2026, respectively.

(2) Includes $ 239.0 million and $ 42.1 million at Rainy River and Rochester at June 30, 2026, respectively.

Includes $ 42.1 million at Rochester at December 31, 2025 .

4 unchanged sentences

Property, plant and equipment and mining properties, net consist of the following:

In thousands March 31, 2026 December 31, 2025

In thousands June 30, 2026 December 31, 2025

Mine development $ 2,124,075 $ 1,657,873

8 unchanged sentences

Property, plant and equipment and mining properties, net $ 12,163,136 $ 2,744,884

(1) Includes $ 123.8 million and $ 123.8 million associated with facilities and equipment assets under finance leases at March 31, 2026 and December 31, 2025, respectively.

(2) Includes $ 83.2 million and $ 75.1 million of accumulated amortization related to assets under finance leases at March 31, 2026 and December 31, 2025, respectively.

(1) Includes $ 11.7 million and $ 123.8 million associated with facilities and equipment assets under finance leases at June 30, 2026 and December 31, 2025, respectively.

(2) Includes $ 10.4 million and $ 75.1 million of accumulated amortization related to assets under finance leases at June 30, 2026 and December 31, 2025, respectively.

NOTE 8 – DEBT

March 31, 2026 December 31, 2025

June 30, 2026 December 31, 2025

In thousands Current Non-Current Current Non-Current

1 unchanged sentence

$ — $ 291,158 $ — $ 290,792

2032 Senior Notes — 425,008 — —

Revolving Credit Facility (2)

2032 Senior Notes, net (2)

— 396,596 — —

New Gold 2032 Senior Notes, net — 13,690 — —

BOA Revolving Credit Facility (3)

Finance lease obligations 2,388 1,459 16,996 32,745

$ 2,388 $ 702,903 $ 16,996 $ 323,537

(1) Net of unamortized debt issuance costs of $ 2.1 million and $ 2.3 million at March 31, 2026 and December 31, 2025, respectively.

(2) Unamortized debt issuance costs of $ 3.9 million and $ 1.9 million at March 31, 2026 and December 31, 2025, respectively, included in Other Non-Current Assets .

(1) Net of unamortized debt issuance costs of $ 2.0 million and $ 2.3 million at June 30, 2026 and December 31, 2025, respectively.

(2) Net of unamortized debt issuance costs of $ 0.9 million at June 30, 2026.

(3) Unamortized debt issuance costs of $ 3.7 million and $ 1.9 million at June 30, 2026 and December 31, 2025, respectively, included in Other Non-Current Assets .

2029 Senior Notes

In March 2021, the Company completed an offering of $ 375.0 million in aggregate principal amount of senior notes in a private placement conducted pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended, for net proceeds of approximately $ 367.5 million (the “2029 Senior Notes”).

The 2029 Senior Notes are governed by an Indenture dated as of March 1, 2021 among the Company, as issuer, certain of the Company’s subsidiaries named therein, as guarantors thereto, and The Bank of New York Mellon, as trustee (the “2029 Senior Notes Indenture”).

For more details, please see Note 9 -- Debt contained in the 2025 10-K.

On April 30, 2026, the Company entered into a supplemental indenture to the 2029 Senior Notes Indenture to include each of 1561611 B.C.

Ltd., Coeur Silvertip Holdings Ltd., and New Gold Inc.

as a Guaranteeing Subsidiary (as defined therein).

New Gold 2032 Senior Notes

Prior to the acquisition of New Gold, New Gold issued $ 400.0 million of its 6.875 % senior unsecured notes due 2032 (“New Gold 2032 Senior Notes”) on March 18, 2025, for net cash proceeds of $ 393.7 million after transaction costs.

The New Gold 2032 Senior Notes are governed by an Indenture dated as of March 18, 2025 (the “New Gold Indenture”), by and among New Gold, as issuer, certain of the Company’s subsidiaries named therein, as guarantors thereto, and Computershare Trust Company, N.A., as trustee (the “New Gold Notes Trustee”).

As of March 31, 2026, there were $ 400.0 million aggregate principal amount of New Gold Notes issued and outstanding.

The New Gold 2032 Senior Notes are denominated in U.S.

dollars and bear interest at the rate of 6.875 % per annum.

Interest is payable in arrears in equal semiannual installments on April 1 and October 1 of each year.

The New Gold 2032 Senior Notes will mature on April 1, 2032.

As of March 31, 2026, the New Gold Indenture contained covenants that, among other things, limited New Gold’s ability under certain circumstances to incur additional indebtedness, pay dividends or make other distributions or repurchase or redeem capital stock, prepay, redeem or repurchase certain debt, make loans and investments, create liens, sell, transfer or otherwise dispose of assets, enter into transactions with affiliates, enter into agreements restricting New Gold’s subsidiaries’ ability to pay dividends and impose conditions on New Gold’s ability to engage in mergers, consolidations and sales of all or substantially all of its assets.

The New Gold Indenture also contained certain “Events of Default” (as defined in the New Gold Indenture) customary for indentures of this type.

If an Event of Default had occurred and was continuing, the Trustee or the holders of not less than 25 % in aggregate principal amount of the New Gold 2032 Senior Notes then outstanding could, and the Trustee at the request of the holders of not less than 25 % in aggregate principal amount of the New Gold 2032 Senior Notes

In conjunction with the New Gold Transaction, Coeur completed a private exchange offer (the “Exchange Offer”) for any and all of the New Gold 2032 Senior Notes for up to $ 400.0 million aggregate principal amount of 6.875 % Senior Notes due 2032 to be issued by the Company and cash.

As part of the Exchange Offer, Coeur received requisite consents from holders of the New Gold 2032 Senior Notes to amend the indenture dated March 18, 2025 that governs the New Gold 2032 Senior Notes (the “New Gold 2032 Senior Notes Indenture”) to, among other things, eliminate numerous restrictive covenants and remove certain of the events which may lead to an “Event of Default” under the New Gold 2032 Senior Notes Indenture.

The Exchange Offer was made pursuant to the terms and subject to the conditions set forth in the offer memorandum and consent solicitation dated March 23, 2026.

The Exchange Offer expired on April 20, 2026 and amendments to the New Gold 2032 Senior Notes Indenture (the “Amended New Gold Indenture”) became operative upon consummation of the

Coeur Mining, Inc.

1 unchanged sentence

Notes to Consolidated Financial Statements

then outstanding would, declare all unpaid principal of, premium, if any, and accrued interest on all the New Gold 2032 Senior Notes to be due and payable.

Subsequent to March 31, 2026, the New Gold Indenture was amended and supplemented by a First Supplemental Indenture dated as of April 3, 2026 (the “First Supplemental Indenture” and the New Gold Indenture, as amended and supplemented by the First Supplemental Indenture, the “Amended New Gold Indenture”), by and among New Gold, as issuer, and the New Gold Notes Trustee, to, among other things, eliminate from the New Gold Indenture (i) substantially all of the restrictive covenants described above and (ii) certain of the events which may lead to an “Event of Default” thereunder.

Exchange Offer

As part of the Exchange Offer, Coeur received requisite consents from holders of the New Gold 2032 Senior Notes to amend the New Gold Indenture, including to eliminate from the New Gold Indenture (i) substantially all of the restrictive covenants, and (ii) certain of the events that may lead to an “Event of Default” as set forth in the New Gold Indenture.

The Exchange Offer was made pursuant to the terms and subject to the conditions set forth in the offer memorandum and consent solicitation dated March 23, 2026.

The Exchange Offer expired on April 20, 2026 and amendments to the New Gold Indenture became operative upon consummation of the Exchange Offer on the final settlement date on April 22, 2026.

Under the Exchange Offer, of the $ 400.0 million aggregate principal amount of New Gold 2032 Senior Notes, $ 385.8 million aggregate principal amount of New Gold 2032 Senior Notes were exchanged for approximately $ 385.8 million aggregate principal amount of Coeur’s 6.875 % Senior Notes due 2032 (the “2032 Senior Notes”), and $ 14.2 million of New Gold 2032 Senior Notes remained outstanding as obligations of New Gold and governed by the Amended New Gold Indenture.

Coeur is not an obligor or guarantor if such remaining New Gold 2032 Senior Notes.

Exchange Offer on the final settlement date on April 22, 2026.

Of the $ 400.0 million aggregate principal amount of New Gold 2032 Senior Notes, $ 385.8 million aggregate principal amount of New Gold 2032 Senior Notes were exchanged under the Exchange Offer for approximately $ 385.8 million aggregate principal amount of Coeur’s 6.875 % Senior Notes due 2032 (the “2032 Senior Notes”) and $ 14.2 million of New Gold 2032 Senior Notes remained outstanding as obligations of New Gold and governed by the Amended New Gold Indenture.

On June 16, 2026, Coeur agreed to repurchase $ 1.6 million of the outstanding New Gold 2032 Senior Notes.

RBC Capital Markets, LLC acted as the seller, and the repurchase was settled on June 24, 2026.

As at June 30, 2026, approximately $ 12.6 million of New Gold 2032 Senior Notes remained outstanding.

Coeur is not an obligor or guarantor of such remaining New Gold 2032 Senior Notes.

2032 Senior Notes

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The purchase price of the 2032 Senior Notes will be equal to 100 % of the principal amount of the 2032 Senior Notes repurchased, plus accrued and unpaid interest, if any, to the applicable date of repurchase.

The 2032 Senior Notes Indenture contains covenants that, among other things, limit the Company’s ability under certain circumstances to incur additional indebtedness, pay dividends or make other distributions or repurchase or redeem capital stock, prepay, redeem or repurchase certain debt, make loans and investments, create liens, sell, transfer or otherwise dispose of assets, enter into transactions with affiliates, enter into agreements restricting the Company’s subsidiaries’ ability to pay dividends and impose conditions on the Company’s ability to engage in mergers, consolidations and sales of all or

The 2032 Senior Notes Indenture also contains certain “Events of Default” (as defined in the 2032 Senior Notes Indenture) customary for indentures of this type.

If an Event of Default has occurred and is continuing, the Trustee or the holders of not less than 25 % in aggregate principal amount of the 2032 Senior Notes then outstanding may, and the Trustee at the request of the holders of not less than 25 % in aggregate principal amount of the 2032 Senior Notes then outstanding shall, declare all unpaid principal of, premium, if any, and accrued interest on all the 2032 Senior Notes to be due and payable.

Coeur Mining, Inc.

1 unchanged sentence

Notes to Consolidated Financial Statements

substantially all of its assets.

The 2032 Senior Notes Indenture also contains certain “Events of Default” (as defined in the 2032 Senior Notes Indenture) customary for indentures of this type.

Revolving Credit Facility

13 unchanged sentences

Obligations under the RCF may be accelerated upon the occurrence of certain customary events of default.

At March 31, 2026, the Company had no outstanding draws, $ 27.5 million in outstanding letters of credit and $ 972.5 million available under the RCF.

At June 30, 2026, the Company had no outstanding draws, $ 27.7 million in outstanding letters of credit and $ 972.3 million available under the RCF.

Future borrowing may be subject to certain financial covenants.

1 unchanged sentence

From time to time, the Company acquires mining equipment and facilities under finance lease agreements.

In the three months ended March 31, 2026, the Company did not enter into a new lease financing arrangement.

In April 2026, the Company prepaid $ 41.4 million of Rochester finance leases, incurring a loss of $ 0.8 million related to termination fees.

In the six months ended June 30, 2026, the Company did not enter into a new lease financing arrangement.

In April 2026, the Company prepaid $ 42.5 million of Rochester finance leases, of which $ 39.0 million represented principal repayments and the remaining for accrued and unpaid interest and other.

A loss of $ 0.3 million was incurred primarily related to termination fees.

All finance lease obligations are recorded, upon lease inception, at the present value of future minimum lease payments.

4 unchanged sentences

Interest Expense

Three Months Ended March 31,

Three Months Ended June 30, Six Months Ended June 30,

In thousands 2026 2025 2026 2025

2029 Senior Notes $ 3,756 $ 3,755 $ 7,511 $ 7,511

2032 Senior Notes 4,232 — 4,232 —

New Gold 2032 Senior Notes 1,789 — 2,521 —

11 unchanged sentences

Changes to the Company’s asset retirement obligations for its operating sites are as follows:

Three Months Ended March 31,

Three Months Ended June 30, Six Months Ended June 30,

In thousands 2026 2025 2026 2025

5 unchanged sentences

NOTE 10 - INCOME AND MINING TAXES

The following table summarizes the components of Income and mining tax (expense) benefit for the three months ended March 31, 2026 and 2025 by significant jurisdiction:

Three Months Ended March 31,

In thousands Income (loss) before tax Tax (expense) benefit Income (loss) before tax Tax (expense) benefit

The following table summarizes the components of Income and mining tax (expense) benefit for the three and six months ended June 30, 2026 and 2025 by significant jurisdiction:

Three Months Ended June 30, Six Months Ended June 30,

2026 2025 2026 2025

In thousands Income (loss) before tax Tax (expense) benefit Income (loss) before tax Tax (expense) benefit Income (loss) before tax Tax (expense) benefit Income (loss) before tax Tax (expense) benefit

United States $ 122,619 $ ( 40,034 ) $ 82,138 $ ( 15,229 ) $ 261,792 $ ( 70,676 ) $ 102,463 $ ( 20,534 )

3 unchanged sentences

$ 215,091 $ ( 93,238 ) $ 133,321 $ ( 62,595 ) $ 563,806 $ ( 195,192 ) $ 185,087 $ ( 81,008 )

During the first quarter of 2026, the Company reported estimated income and mining tax expense of approximately $ 102.0 million, resulting in an effective tax rate of 29.2 %.

This compares to income tax expense of $ 18.4 million for an effective tax rate of 35.6 % during the first quarter of 2025.

During the second quarter of 2026, the Company reported estimated income and mining tax expense of approximately $ 93.2 million, resulting in an effective tax rate of 43.3 %.

This compares to income tax expense of $ 62.6 million for an effective tax rate of 47.0 % during the second quarter of 2025.

The comparability of the Company’s income and mining tax (expense) benefit and effective tax rate for the reported periods was impacted by multiple factors, primarily:

2 unchanged sentences

(iii) mining taxes;

(iv) percentage depletion;

(v) excess of tax benefits from share-based compensation;

(vi) foreign exchange rates;

valuation allowance release;

and (viii) the impact of uncertain tax positions.

Fluctuations in foreign exchange rates on deferred tax balances decreased income and mining tax expense by $ 1.7 million and $ 0.2 million for the three months ended March 31, 2026 and 2025, respectively.

The impact of

(iv) foreign exchange rates;

(v) percentage depletion;

(vi) the impact of uncertain tax positions;

and (vii) excess of tax benefits from share-based compensation.

Fluctuations in foreign exchange rates on deferred tax balances increased income and mining tax expense by $ 10.4 million and

Coeur Mining, Inc.

1 unchanged sentence

Notes to Condensed Consolidated Financial Statements

foreign exchange rates on deferred tax balances is predominantly due to the Mexican Peso and deferred taxes resulting from Las Chispas purchase price accounting.

$ 28.3 million for the three months ended June 30, 2026 and 2025, respectively.

The impact of foreign exchange rates on deferred tax balances is predominantly due to the Mexican Peso and deferred taxes resulting from Las Chispas purchase price accounting.

Therefore, the effective tax rate will fluctuate, sometimes significantly, period to period.

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net deferred tax assets.

In the first quarter of 2026, the Company released $ 1.0 million of valuation allowance against its U.S.

During the three and six months ended June 30, 2026, the Company released nil and $ 1.0 million, respectively, of valuation allowance against its U.S.

net deferred tax assets resulting in a non-cash deferred tax benefit.

The $ 1.0 million valuation allowance release is related to forecasted future year income.

The $ 1.0 million valuation allowance released is related to forecasted future year income.

The timing of this valuation allowance release was primarily due to the cumulative income position for the most recent three-year period and projected future earnings.

The Company continues to maintain a valuation allowance against approximately $ 56.0 million of U.S.

federal and state deferred tax assets as of March 31, 2026, because the Company has concluded it is not more likely than not to be realized.

federal and state deferred tax assets as of June 30, 2026, because the Company has concluded it is not more likely than not to be realized.

The exact timing and amount of any valuation allowance release are subject to change, depending upon the Company’s future profitability and the net deferred tax assets available.

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Our 2016 federal tax return is currently under audit in Mexico.

At March 31, 2026 and December 31, 2025, the Company had $ 33.9 million and $ 34.4 million of total gross unrecognized tax benefits, respectively, that, if recognized, would positively impact the Company’s effective income tax rate.

At June 30, 2026 and December 31, 2025, the Company had $ 34.8 million and $ 34.4 million of total gross unrecognized tax benefits, respectively, that, if recognized, would positively impact the Company’s effective income tax rate.

The Company’s continuing practice is to recognize potential interest and/or penalties related to unrecognized tax benefits as part of its income tax expense.

At March 31, 2026 and December 31, 2025, the amount of accrued income-tax-related interest and penalties was $ 16.1 million and $ 15.3 million, respectively.

At June 30, 2026 and December 31, 2025, the amount of accrued income-tax-related interest and penalties was $ 17.6 million and $ 15.3 million, respectively.

In 2021, the Organization for Economic Co-operation and Development (“OECD”) published Pillar Two Model Rules defining a global minimum tax, which calls for the taxation of large corporations at a minimum rate of 15%.

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Effective January 1, 2024, a number of countries have proposed or enacted legislation to implement core elements of the Pillar Two proposal.

As a result of 2026 business expansions, including the acquisition of New Gold Inc.

in the first quarter of 2026, the Company expects to fall within the scope of the Pillar Two rules from January 1, 2026.

As a result of 2026 business expansions, including the New Gold Transaction in the first quarter of 2026, the Company expects to fall within the scope of the Pillar Two rules from January 1, 2026.

The Company will continue to monitor developments and evaluate the potential impact on future periods.

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Stock awards include performance share units, restricted stock units and awards, and stock options.

Stock-based compensation expense in the three months ended March 31, 2026 was $ 8.5 million compared to $ 3.3 million in the three months ended March 31, 2025.

At March 31, 2026, there was $ 44.4 million of unrecognized stock-based compensation cost which is expected to be recognized over a weighted-average remaining vesting period of two years .

Stock-based compensation expense in the three and six months ended June 30, 2026 was $ 8.4 million and $ 17.0 million, respectively, compared to $ 4.2 million and $ 7.5 million in the three and six months ended June 30, 2025.

At June 30, 2026, there was $ 30.0 million of unrecognized stock-based compensation cost which is expected to be recognized over a weighted-average remaining vesting period of two years .

The Company granted 1.4 million cash-settled replacement restricted stock units that have a remaining vesting period of one year for awards assumed as part of the New Gold Transaction.

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On the other hand, the existence of a performance condition requires recognition of compensation cost for the performance share awards based on the performance achieved ranging from 0%-200%.

Outstanding performance share units granted prior to 2025 will vest at the end of a three-year service period if internal performance metrics are met, with the number of shares vesting impacted by the inclusion of a modifier based upon a relative stockholder return metric.

During the first quarter of 2026, the

Outstanding performance share units granted prior to 2025 will

Coeur Mining, Inc.

1 unchanged sentence

Notes to Condensed Consolidated Financial Statements

Company settled the vested performance share awards in cash for $ 72 million, of which 41 million represented the value of the cash settled awards received by the recipient after withholding $ 31 million which were remitted to satisfy employee tax withholding requirements.

An additional $ 23 million of tax withholdings were remitted to satisfy employee tax withholding requirements related to restricted stock awards that vested.

The following table summarizes the grants awarded during the three months ended March 31, 2026:

vest at the end of a three-year service period if internal performance metrics are met, with the number of shares vesting impacted by the inclusion of a modifier based upon a relative stockholder return metric.

The following table summarizes the grants awarded during the six months ended June 30, 2026:

Grant date Restricted

4 unchanged sentences

February 20, 2026 — $ — 247,466 $ 40.86

During the three months ended March 31, 2026, 45,143 stock options issued under the stock incentive plan were exercised at a weighted average price of $ 23.03 .

April 9, 2026 1,222,580 $ 19.72 — $ —

April 16, 2026 513,600 $ 19.51 15,615 $ 36.74

April 16, 2026 — $ — 46,829 $ 40.86

During the six months ended June 30, 2026, 77,616 stock options issued under the stock incentive plan were exercised at a weighted average price of $ 21.31 .

NOTE 12 – FAIR VALUE MEASUREMENTS

Three Months Ended March 31,

Three Months Ended June 30, Six Months Ended June 30,

In thousands 2026 2025 2026 2025

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Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement:

Fair Value at March 31, 2026

Fair Value at June 30, 2026

In thousands Total Level 1 Level 2 Level 3

3 unchanged sentences

Provisional metal sales contracts $ 3,322 $ — $ 3,322 $ —

Gold and copper swap contracts $ 570 $ — $ 570 $ —

$ 3,892 $ — $ 3,892 $ —

Coeur Mining, Inc.

and Subsidiaries

Notes to Condensed Consolidated Financial Statements

Fair Value at December 31, 2025

2 unchanged sentences

Provisional metal sales contracts $ 124 $ — $ 124 $ —

Coeur Mining, Inc.

and Subsidiaries

Notes to Condensed Consolidated Financial Statements

The Company’s investments in equity securities are recorded at fair market value in the financial statements based

3 unchanged sentences

The fair value of the gold and copper swap contracts is calculated using the forward prices of London Metals Exchange based on the applicable settlement dates of the outstanding provisionally priced contracts and copper swap contracts.

No assets or liabilities were transferred between fair value levels in the three months ended March 31, 2026.

The fair values of financial liabilities carried at book value in the financial statements at March 31, 2026 and December 31, 2025 is presented in the following tables, respectively:

March 31, 2026

No assets or liabilities were transferred between fair value levels in the six months ended June 30, 2026.

The fair values of financial liabilities carried at book value in the financial statements at June 30, 2026 and December 31, 2025 is presented in the following tables, respectively:

June 30, 2026

In thousands Book Value Fair Value Level 1 Level 2 Level 3

2029 Senior Notes (1)

2029 Senior Notes, net (1)

$ 291,158 $ 288,855 $ — $ 288,855 $ —

New Gold 2032 Senior Notes $ 425,008 $ 425,008 $ — $ 425,008 $ —

2032 Senior Notes, net (2)

$ 396,596 $ 393,765 $ — $ 393,765 $ —

New Gold 2032 Senior Notes, net $ 13,690 $ 12,890 $ — $ 12,890 $ —

Deferred Cash Due 2026 $ 5,000 $ 5,000 $ — $ 5,000 $ —

(1) Net of unamortized debt issuance costs of $ 2.0 million.

(2) Net of unamortized debt issuance costs of $ 0.9 million .

December 31, 2025

In thousands Book Value Fair Value Level 1 Level 2 Level 3

2029 Senior Notes (1)

2029 Senior Notes, net (1)

$ 290,792 $ 289,232 $ — $ 289,232 $ —

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(1) Net of unamortized debt issuance costs of $ 2.3 million.

The fair value of the 2029 Senior Notes and New Gold 2032 Senior Notes were estimated using quoted market prices.

The fair values of the 2029 Senior Notes, 2032 Senior Notes, and New Gold 2032 Senior Notes were estimated using quoted market prices.

The fair value of the RCF approximates book value as the liability is secured, has a variable interest rate, and lacks significant credit concerns.

In July 2024, the Company completed the purchase of mining concessions adjacent to the Palmarejo complex from Fresnillo.

Total consideration included a deferred cash payment of $ 5 million, payable in July 2026.

The fair value of the Deferred Cash Due 2026 was estimated using the pricing model with inputs derived from observable data, including yield curves and credit spreads.

Total consideration included a deferred cash payment of $ 5 million, which became due and was paid in July 2026.

The fair value of the Deferred Cash Due 2026 at June 30, 2026 and December 31, 2025 was estimated using the pricing model with inputs derived from observable data, including yield curves and credit spreads.

The model inputs can generally be verified and do not involve significant management judgment.

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The Company may elect to designate certain derivatives as hedging instruments under U.S.

The Company formally documents all relationships between designated hedging instruments and hedged items as well as its risk management objectives and strategies for undertaking hedge transactions.

The Company formally documents all relationships between designated hedging instruments and hedged items as well as its risk management

Coeur Mining, Inc.

and Subsidiaries

Notes to Condensed Consolidated Financial Statements

objectives and strategies for undertaking hedge transactions.

This process includes linking all derivatives designated as hedges to either recognized assets or liabilities or forecasted transactions and assessing, both at inception and on an ongoing basis, the effectiveness of the hedging relationships.

3 unchanged sentences

The provisionally priced sales contracts contain an embedded derivative that is required to be separated from the host contract for accounting purposes.

Coeur Mining, Inc.

and Subsidiaries

Notes to Condensed Consolidated Financial Statements

host contract is the receivable recorded at the forward price at the time of sale.

The host contract is the receivable recorded at the forward price at the time of sale.

Additionally, prior to completing the New Gold Transaction, New Gold had entered into gold and copper swap contracts to reduce exposure to gold and copper prices.

The embedded derivatives do not qualify for hedge accounting and are marked to market through earnings each period until final settlement.

At March 31, 2026, the Company had the following derivative instruments that settle as follows:

In thousands except average prices and notional ounces 2026 2027 and Thereafter

At June 30, 2026, the Company had the following derivative instruments that settle as follows:

In thousands except average prices and gold notional ounces 2026 2027 and Thereafter

Provisional gold sales contracts $ 68,029 —

11 unchanged sentences

The following summarizes the classification of the fair value of the derivative instruments:

March 31, 2026

June 30, 2026

In thousands Prepaid expenses and other Accrued liabilities and other

1 unchanged sentence

Gold and copper swap contracts $ 3,711 $ 570

Coeur Mining, Inc.

and Subsidiaries

Notes to Condensed Consolidated Financial Statements

December 31, 2025

1 unchanged sentence

Provisional metal sales contracts $ 1,103 $ 124

The following represent mark-to-market gains (losses) on derivative instruments in the three months ended March 31, 2026 and 2025, respectively (in thousands):

Three Months Ended March 31,

The following represent mark-to-market gains (losses) on derivative instruments in the three and six months ended June 30, 2026 and 2025, respectively (in thousands):

Three Months Ended June 30, Six Months Ended June 30,

Financial statement line Derivative 2026 2025 2026 2025

Revenue Provisional metal sales gold contracts $ ( 1,410 ) $ 207

Revenue Provisional metal sales copper contracts 897 $ —

Revenue Provisional gold sales contracts $ ( 2,648 ) $ ( 122 ) $ ( 4,058 ) $ 85

Revenue Provisional copper sales contracts 5,944 — 6,842 —

Revenue Gold swap contracts 8,267 — 9,211 —

Revenue Copper swap contracts ( 5,173 ) — ( 5,008 ) —

$ 6,390 $ ( 122 ) $ 6,987 $ 85

The credit risk exposure related to any derivative instrument is limited to the unrealized gains, if any, on outstanding contracts based on current market prices.

1 unchanged sentence

The Company does not anticipate non-performance by any of its counterparties.

Coeur Mining, Inc.

and Subsidiaries

Notes to Condensed Consolidated Financial Statements

NOTE 14 – ADDITIONAL COMPREHENSIVE INCOME DETAIL

Pre-development, reclamation, and other consists of the following:

Three Months Ended March 31,

Three Months Ended June 30, Six Months Ended June 30,

In thousands 2026 2025 2026 2025

3 unchanged sentences

Kensington royalty settlement (1)

Transaction costs 19,910 8,887

Wage and hour litigation settlement (1)

Transaction and integration costs 3,954 2,823 23,864 11,710

Obligor exchange 2,464 — 2,464 —

Wharf property damage proceeds (1)

( 10,000 ) — ( 10,000 ) —

Other 790 2,895 2,576 3,514

Pre-development, reclamation and other $ 6,557 $ 13,161 $ 36,384 $ 30,114

(1) See Note 17 -- Commitments and Contingencies for additional details on the Kensington royalty settlement and Wage and Hour Litigation settlement.

(1) See Note 17 -- Commitments and Contingencies for additional details on the Kensington royalty settlement and the Wharf property damage proceeds.

Other, net consists of the following:

Three Months Ended March 31,

Three Months Ended June 30, Six Months Ended June 30,

In thousands 2026 2025 2026 2025

1 unchanged sentence

Flow-through shares — 112 — 741

RMC bankruptcy distribution — 37 — 37

Interest income 4,661 78 10,886 399

1 unchanged sentence

Other, net $ 9,907 $ 1,460 $ 17,449 $ 1,866

Coeur Mining, Inc.

and Subsidiaries

Notes to Condensed Consolidated Financial Statements

NOTE 15 – NET INCOME PER SHARE

1 unchanged sentence

Diluted net income per share reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock.

For the three months ended March 31, 2026 and 2025, there were 816,887 and 29,130 common stock equivalents, respectively, related to equity-based awards that were not included in the diluted earnings per share calculation as the shares would be antidilutive.

Three Months Ended March 31,

For the three and six months ended June 30, 2026, there were 0.8 million and 0.8 million common stock equivalents, respectively, related to equity-based awards that were not included in the diluted earnings per share calculation as the shares would be antidilutive.

Similarly, 1.1 million and 2.8 million common stock equivalents were excluded in the diluted earnings per share calculation for the three and six months ended June 30, 2025, respectively.

Three Months Ended June 30, Six Months Ended June 30,

In thousands except per share amounts 2026 2025 2026 2025

7 unchanged sentences

Diluted $ 0.12 $ 0.11 $ 0.42 $ 0.18

On May 27, 2025, the Company announced a $ 75 million share repurchase program (the “Program”), effective through May 31, 2026.

On May 27, 2025, the Company announced a $ 75 million share repurchase program (the “Program”).

Under the Program, repurchases may be carried out from time to time through opportunistic open-market purchases or by other means in amounts and at prices that Coeur deems appropriate, subject to market and business conditions, applicable legal requirements and other considerations.

On June 11, 2025, the Company entered into a 10b-18 share repurchase agreement (the “10b-18 Agreement”) and an issuer securities repurchase 10b5-1 plan (the “Company 10b5-1 Plan”)

Coeur Mining, Inc.

and Subsidiaries

Notes to Condensed Consolidated Financial Statements

with BMO Capital Markets Corp.

On June 11, 2025, the Company entered into a 10b-18 share repurchase agreement (the “10b-18 Agreement”) and an issuer securities repurchase 10b5-1 plan (the “Company 10b5-1 Plan”) with BMO Capital Markets Corp.

as the Company’s broker.

1 unchanged sentence

amended the Company 10b5-1 Plan to modify certain terms of the arrangement (the “Modified Company 10b5-1 Plan”).

On November 12, 2025, the Company and BMO Capital Markets Corp.

further amended the First Modified Company 10b5-1 Plan (the “Second Modified Company 10b5-1 Plan”).

Pursuant to its terms, the Second Modified Company 10b5-1 Plan terminated on December 12, 2025.

On March 23, 2026, the Company announced an expanded $ 750 million share repurchase program (the “Expanded Program”), which incorporates and supersedes the Company’s previous Program.

Under the Expanded Program, repurchases may be carried out from time to time through opportunistic open-market purchases or by other means in amounts and at prices that Coeur deems appropriate, subject to market and business conditions, applicable legal requirements and other considerations.

The following table summarizes repurchases made in the three months ended March 31, 2026:

(a) Total number of shares purchased (b) Average price paid per share (c) Total number of shares purchased as part of publicly announced Program (d) Approximate dollar value of shares that may yet be purchased under the Program (in millions)

January 1, 2026 - January 31, 2026 — $ — — $ 740.4

February 1, 2026 - February 28, 2026 — $ — — $ 740.4

March 1, 2026 - March 31, 2026 — $ — — $ 740.4

Total — $ — —

On March 23, 2026, the Company announced that the Board had approved an updated financial policy, under which Coeur anticipates paying a semi-annual dividend of $ 0.02 per share of Coeur common shares, beginning in the second and fourth quarter of 2026.

On May 8, 2026, the Company entered into an issuer securities repurchase 10b5-1 plan (the “Expanded Program Company 10b5-1 Plan”) with BMO Capital Markets Corp.

as the Company’s broker.

The following table summarizes repurchases made in the three and six months ended June 30, 2026 and 2025 pursuant to the Program:

Three months ended June 30, Six months ended June 30,

2026 2025 2026 2025

Shares repurchased 5,982,312 216,500 5,982,312 216,500

Cost of shares (in thousands) $ 110,422 $ 2,004 $ 110,422 $ 2,004

Average price paid per share $ 18.44 $ 9.24 $ 18.44 $ 9.24

On May 13, 2026, the Board declared an inaugural dividend of $ 0.02 per share of Coeur common shares, which was paid on June 10, 2026 to stockholders of record at the close of business on May 25, 2026.

Due to an NYSE market holiday on May 25, 2026, the effective record date for the dividend was May 22, 2026.

Dividend payments to stockholders in the second quarter totaled approximately $ 21 million on approximately 1.0 billion qualifying shares.

Coeur Mining, Inc.

and Subsidiaries

Notes to Condensed Consolidated Financial Statements

NOTE 16 - SUPPLEMENTAL GUARANTOR INFORMATION

The following summarized financial information is presented to satisfy disclosure requirements of Rule 13-01 of Regulation S-X resulting from the guarantees by Coeur Alaska, Inc., Coeur Explorations, Inc., Coeur Rochester, Inc., Coeur South America Corp., Wharf Resources (U.S.A.), Inc.

and its subsidiaries, Coeur Capital, Inc., Sterling Intermediate Holdco, Inc., and Coeur Sterling Holdings LLC (collectively, the “Subsidiary Guarantors”) of the 2029 Senior Notes.

and its subsidiaries, Coeur Capital, Inc., Sterling Intermediate Holdco, Inc., Coeur Sterling Holdings LLC, 1561611 B.C.

Ltd, Coeur Silvertip Holdings Ltd., and New Gold Inc.

(collectively, the “Subsidiary Guarantors”) of the 2029 Senior Notes.

The following schedules present summarized financial information of (a) Coeur, the parent company, and (b) the Subsidiary Guarantors (collectively, the “Obligor Group”).

6 unchanged sentences

Subsidiary Guarantors

In thousands March 31, 2026 December 31, 2025 March 31, 2026 December 31, 2025

In thousands June 30, 2026 December 31, 2025 (1)

June 30, 2026 December 31, 2025( (1)

Current assets $ 384,440 $ 375,741 $ 996,431 $ 291,673

5 unchanged sentences

Non-guarantor intercompany liabilities $ 288,014 $ 1,423 $ — $ 1,608

(1) Financial information excludes 1561611 B.C.

Ltd., Coeur Silvertip Holdings Ltd., and New Gold Inc., which were added as subsidiary guarantors in the second quarter of 2026.

(2) Coeur Mining, Inc.’s non-current assets include its investment in Guarantor Subsidiaries.

SUMMARIZED STATEMENTS OF INCOME

THREE MONTHS ENDED MARCH 31, 2026

SIX MONTHS ENDED JUNE 30, 2026

In thousands Coeur Mining, Inc.

3 unchanged sentences

Net income $ 368,614 $ 124,203

and its subsidiaries, Coeur Capital, Inc., Sterling Intermediate Holdco, Inc., Coeur Sterling Holdings LLC, 1561611 B.C.

Ltd, Coeur Silvertip Holdings Ltd., and New Gold Inc.

(collectively, the “2032 Subsidiary Guarantors”) of the 2032 Senior Notes.

The following schedules present summarized financial information of (a) Coeur, the parent company, and (b) the Subsidiary Guarantors (collectively, the “2032 Obligor Group”).

The summarized financial information of the 2032 Obligor Group is presented on a combined basis with intercompany balances and transactions between entities in the 2032 Obligor Group eliminated.

The 2032 Obligor Group’s amounts due from, amounts due to and transactions with certain wholly-owned domestic and foreign subsidiaries of the Company have been presented in separate line items, if they are material.

Each of the 2032 Subsidiary Guarantors is 100% owned by Coeur and the guarantees are full and unconditional and joint and several obligations.

There are no restrictions on the ability of Coeur to obtain funds from the 2032 Subsidiary Guarantors by dividend or loan.

Coeur Mining, Inc.

1 unchanged sentence

Notes to Condensed Consolidated Financial Statements

SUMMARIZED BALANCE SHEET

Coeur Mining, Inc.

Subsidiary Guarantors

In thousands June 30, 2026 June 30, 2026

Current assets $ 384,440 $ 996,431

Non-current assets (1)

$ 8,487,248 $ 11,462,792

Non-guarantor intercompany assets $ 4,885 $ —

Current liabilities $ 23,351 $ 295,365

Non-current liabilities $ 747,643 $ 3,129,631

Non-guarantor intercompany liabilities $ 288,014 $ —

(1) Coeur Mining, Inc.’s non-current assets include its investment in Guarantor Subsidiaries.

SUMMARIZED STATEMENTS OF INCOME

SIX MONTHS ENDED JUNE 30, 2026

In thousands Coeur Mining, Inc.

Subsidiary Guarantors

Revenue $ — $ 1,213,427

Gross profit (loss) $ ( 445 ) $ 245,213

Net income $ 368,614 $ 124,203

The following summarized financial information is presented to satisfy disclosure requirements of Rule 13-01 of Regulation S-X resulting from the guarantee by New Gold Inc.

2 unchanged sentences

In conjunction with the New Gold Transaction, Coeur completed the Exchange Offer for any and all of the New Gold 2032 Senior Notes for up to $ 400.0 million aggregate principal amount of 6.875 % Senior Notes due 2032 to be issued by the Company and cash.

The Exchange Offer expired on April 20, 2026 and amendments to the New Gold Indenture became operative upon consummation of the Exchange Offer on the final settlement date on April 22, 2026.

The Exchange Offer expired on April 20, 2026 and the Amended New Gold Indenture became operative upon consummation of the Exchange Offer on the final settlement date on April 22, 2026.

Under the Exchange Offer, of the $ 400.0 million aggregate principal amount of New Gold 2032 Senior Notes, $ 385.8 million aggregate principal amount of New Gold 2032 Senior Notes were exchanged for approximately $ 385.8 million aggregate principal amount of Coeur’s 2032 Senior Notes, and $ 14.2 million of New Gold 2032 Senior Notes remained outstanding as obligations of New Gold and governed by the Amended New Gold Indenture.

Following the repurchase of $ 1.6 million of the outstanding New Gold 2032 Senior Notes during the second quarter, approximately $ 12.6 million of New Gold 2032 Senior Notes remained outstanding as at June 30, 2026.

Coeur is not an obligor or guarantor of such remaining New Gold 2032 Senior Notes.

2 unchanged sentences

New Gold Inc.

In thousands March 31, 2026 December 31, 2025

In thousands June 30, 2026

Current assets $ 620,586

5 unchanged sentences

SUMMARIZED STATEMENTS OF INCOME

THREE MONTHS ENDED MARCH 31, 2026

SIX MONTHS ENDED JUNE 30, 2026

In thousands New Gold Inc.

Revenue $ 899,185

Gross profit (loss) $ 183,549

Gross profit $ 111,246

Net income $ ( 83,427 )

Coeur Mining, Inc.

and Subsidiaries

Notes to Condensed Consolidated Financial Statements

NOTE 17 – COMMITMENTS AND CONTINGENCIES

Mexico Litigation Matters

As of March 31, 2026, $ 29.2 million in principal is due from the Mexican government associated with amounts that were paid as value-added tax (“VAT”) under Coeur Mexicana, S.A.

As of June 30, 2026, $ 30.2 million in principal is due from the Mexican government associated with amounts that were paid as value-added tax (“VAT”) under Coeur Mexicana, S.A.

de C.V.’s (“Coeur Mexicana’s”) prior royalty agreement with a subsidiary of Franco-Nevada Corporation, which was terminated in 2016.

8 unchanged sentences

Coeur Mexicana currently sells 50 % of Palmarejo gold production (excluding production from certain properties acquired in 2015 and 2024) to a subsidiary of Franco-Nevada Corporation (“Franco-Nevada”) under a gold stream agreement for the lesser of $ 800 or spot price per ounce (“Franco-Nevada Gold Stream Agreement”).

Coeur Mining, Inc.

and Subsidiaries

Notes to Condensed Consolidated Financial Statements

consideration of $ 78.0 million, consisting of $ 75.0 million in cash plus a warrant to acquire Franco-Nevada Common Shares that was then-valued at $ 3.0 million (the “Prior Gold Stream Agreement”).

The Franco-Nevada Gold Stream Agreement supersedes an earlier arrangement made in January 2009 in which Franco-Nevada purchased a royalty covering 50 % of the gold produced by Coeur Mexicana from its Palmarejo silver and gold mine in Mexico in exchange for total consideration of $ 78.0 million, consisting of $ 75.0 million in cash plus a warrant to acquire Franco-Nevada Common Shares that was then-valued at $ 3.0 million (the “Prior Gold Stream Agreement”).

The Prior Gold Stream Agreement was terminated in 2014 and its minimum ounce delivery requirement satisfied in 2016, after which sales under the Franco-Nevada Gold Stream Agreement commenced.

5 unchanged sentences

The following table presents a roll forward of the Franco-Nevada contract liability balance:

Three Months Ended March 31,

Three Months Ended June 30, Six Months Ended June 30,

In thousands 2026 2025 2026 2025

2 unchanged sentences

Closing Balance $ 5,424 $ 6,038 $ 5,424 $ 6,038

Coeur Mining, Inc.

and Subsidiaries

Notes to Condensed Consolidated Financial Statements

Royal Gold Stream Agreement

1 unchanged sentence

(“Royal Gold”).

Under the terms of the Royal Gold Stream Agreement, the Company is required to deliver to Royal Gold 6.5 % of gold production from Rainy River up to a total of 230,000 ounces of gold and then 3.25 % of the mine’s gold production thereafter.

The Company is also required to deliver to Royal Gold 60 % of the mine’s silver production to a maximum of 3.1 million ounces and then 30 % of silver production thereafter.

Royal Gold is required to pay 25 % of the average spot gold or silver price at the time each ounce of gold or silver is delivered under the stream.

As of March 31, 2026, Rainy River had delivered 131,471 and 2,088,499 ounces of gold and silver, respectively, under the terms of the Royal Gold Stream Agreement.

Under the terms of the Royal Gold Stream Agreement, the Company is required to deliver to 6.5 % of gold production from Rainy River to Royal Gold, up to a total of 230,000 ounces of gold and then 3.25 % of the mine’s gold production thereafter.

The Company is also required to deliver 60 % of the mine’s silver production to Royal Gold, up to a maximum of 3.1 million ounces and then 30 % of silver production thereafter.

Royal Gold is required to pay 25 % of the average spot gold or silver price at the time each ounce of gold or silver is delivered under the Royal Gold Stream Agreement.

As of June 30, 2026, Rainy River had delivered 135,477 and 2,155,142 ounces of gold and silver, respectively, under the terms of the Royal Gold Stream Agreement.

The Royal Gold Stream Agreement is satisfied by delivering gold and silver metal purchased in the open market.

The cost to purchase the gold and silver metal is included in Costs applicable to sales while the payment received from Royal Gold is recognized in Revenue under ASC 606 on the Condensed Consolidated Statements of Comprehensive Income.

The cost to purchase gold and silver metal is included in Costs applicable to sales while the payment received from Royal Gold is recognized in Revenue under ASC 606 on the Condensed Consolidated Statements of Comprehensive Income.

Metal Sales Prepayments

4 unchanged sentences

The remaining contract liability was included in Accrued liabilities and other on the Condensed Consolidated Balance Sheet.

At March 31, 2026, there were no remaining contract liabilities.

At June 30, 2026, there were no remaining contract liabilities.

The following table presents a roll forward of the prepayment contract liability balance:

Three Months Ended March 31,

Three Months Ended June 30, Six Months Ended June 30,

In thousands 2026 2025 2026 2025

3 unchanged sentences

Closing Balance $ — $ — $ — $ —

Coeur Mining, Inc.

and Subsidiaries

Notes to Condensed Consolidated Financial Statements

Wage and Hour Matter

5 unchanged sentences

Other Commitments and Contingencies

The Company, either directly or through its subsidiaries, has a number of active litigation matters related to labor and employment matters involving its operations in Mexico.

Although the Company intends to vigorously defend its interests in these matters, litigation is inherently uncertain and the Company has determined it is reasonably possible that it may incur a loss of $ 0 to $ 12 million in these matters.

This good faith estimate of the potential loss in these matters includes estimates of penalties and interest through the date of this Report, but such penalties and interest may continue to grow during the course of legal proceedings.

As part of its ongoing business and operations, the Company and its affiliates are required to provide surety bonds, bank letters of credit, bank guarantees and, in some cases, cash as financial support for various purposes, including environmental remediation, reclamation, and other general corporate purposes.

As of March 31, 2026 and December 31, 2025, the Company had surety bonds totaling $ 520.4 million and $ 372.4 million, respectively, in place as financial support for future reclamation and closure costs.

As of June 30, 2026 and December 31, 2025, the Company had surety bonds totaling $ 526.0 million and $ 372.4 million, respectively, in place as financial support for future reclamation and closure costs.

The obligations associated with these instruments are generally related to performance requirements that the Company addresses through its ongoing operations and, from time to time, the Company may be required to post collateral, including cash or letters of credit which reduce availability under its revolving credit facility, to support these instruments.

1 unchanged sentence

Certain of these instruments are associated with operating sites with long-lived assets and will remain outstanding until closure.

The Company believes it is in compliance with all applicable bonding obligations and will be able to satisfy future bonding requirements through existing or alternative means, as they arise.

The Company believes it is in compliance with all applicable bonding obligations and will be

Coeur Mining, Inc.

and Subsidiaries

Notes to Condensed Consolidated Financial Statements

able to satisfy future bonding requirements through existing or alternative means, as they arise.

On June 22, 2026, the Company received proceeds of $ 10 million for a property damage claim and $ 10 million for a business interruption claim for a total of $ 20 million in partial satisfaction of insurance claims filed following the fire incident at the tertiary crusher at the Wharf mine in the fourth quarter of 2025, which occurred during regularly scheduled maintenance.

The $ 10 million received for the business interruption claim was included in Costs applicable to sales and the $ 10 million received for the property damage claim was included in Pre-development, reclamation, and other.

The Company recognizes property damage and business interruption insurance recoveries in accordance with the nature of the claim.

NOTE 18 – ADDITIONAL BALANCE SHEET DETAIL AND SUPPLEMENTAL CASH FLOW INFORMATION

Accrued liabilities and other consist of the following:

In thousands March 31, 2026 December 31, 2025

In thousands June 30, 2026 December 31, 2025

Accrued salaries and wages $ 58,154 $ 42,354

10 unchanged sentences

(2) See Note 12 -- Fair Value Measurements for additional details on Deferred Cash Due 2026.

Coeur Mining, Inc.

and Subsidiaries

Notes to Condensed Consolidated Financial Statements

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Condensed Consolidated Balance Sheets that total the same such amounts shown in the Condensed Consolidated Statements of Cash Flows in the three months ended March 31, 2026 and 2025:

In thousands March 31, 2026 March 31, 2025

Payment provided in July 2026 to satisfy the contractual obligation .

In thousands June 30, 2026 June 30, 2025

Cash and cash equivalents $ 1,052,274 $ 111,646

3 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements