Coeur Mining, Inc. (CDE) SEC Filings & Earnings Calls

Lower realized metals prices in Q2 and guidance update reflect price risk

“Average realized gold and silver prices declined 6% and 14% quarter over quarter, respectively, to $4,140 per gold ounce and $71.18 per silver ounce. Average realized prices in June were the lowest of the year at $3,823 per gold ounce and $62.84 per silver ounce.” · word for word

Ramp-up delays at New Afton and Rainy River impact partial-year guidance

“partial-year guidance updates at the two new Canadian operations reflect slightly slower than previously assumed ramp-up rates at New Afton’s C-Zone and Rainy River’s underground operations in 2026”

Increased capex guidance and lower tax guidance signal cost pressure

“Capital expenditure guidance increased to $520 - $605 million (previously $437 - $526 million); cash income and mining tax guidance reduced to $350 - $450 million (previously $475 - $600 million)”

Metal price volatility

“Average realized gold and silver prices declined 6% and 14% quarter over quarter, respectively, to $4,140 per gold ounce and $71.18 per silver ounce.” · word for word

Ramp-up risk at new operations

“partial-year guidance updates at the two new Canadian operations reflect slightly slower than previously assumed ramp-up rates at New Afton’s C-Zone and Rainy River’s underground operations in 2026” · word for word

Mexico tax dispute

“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” · word for word

Transition risk from CAO retirement, though mitigated by internal promotion and extended transition period

“Mr. Watkinson expected to remain in current role until August 10, 2026, thereafter continuing as Vice President, Accounting to assist with transition matters through his retirement in early 2027”

Metal price volatility

“Our results of operations and cash flows will fluctuate as the prices of these metals change.” · word for word

Integration risk from New Gold acquisition

“Integration of New Gold and these operations is a complex process... may be adversely impacted if post-closing integration efforts are not able to be achieved in a timely manner” · word for word

Geotechnical and hydrological risks

“Our mining assets are subject to geotechnical and hydrological risks which could impact the structural integrity of our mines” · word for word

Commodity price volatility remains key risk; gold/silver prices could decline.

“Average realized prices for gold and silver increased 15% and 53%, respectively, compared to the fourth quarter” · word for word

Integration risk from New Gold acquisition; only 11 days of contribution in Q1.

“New Gold transaction completed; integration efforts advancing on schedule” · word for word

Debt refinancing with same coupon; no change in leverage; no cash proceeds; standard indenture covenants.

“Notes are unsecured senior obligations; covenants limit additional indebtedness, dividends, liens, etc.”

Integration risk from acquiring New Gold; potential operational and cultural challenges.

“Completion of acquisition of New Gold via plan of arrangement”

Increased leverage from new credit facility; financial covenants include net leverage ratio not to exceed 3.50x and interest coverage not less than 3.00x.

“consolidated net leverage ratio not to exceed 3.50 to 1.00 and a consolidated interest coverage ratio of not less than 3.00 to 1.00” · word for word

Metal Price Volatility

“The financial results of the Company and its operating segments are substantially dependent upon the market prices of gold and silver, which fluctuate widely.” · word for word

Acquisition Integration Risk

“The New Gold Transaction is anticipated to close in the first half of 2026, subject to relevant regulatory approvals and routine closing conditions.” · word for word

Foreign Exchange Risk

“Fluctuations in foreign exchange rates on deferred tax balances increased income and mining tax expense by $43.5 million” · word for word

Mexico Regulatory Risk

“Enactment of 1% increase in Mexico special mining duty tax” · word for word

Merger litigation risk: shareholder lawsuits could delay or impose costs on the New Gold acquisition.

“Complaints seek injunction, damages, and fees; company cannot predict outcome.”

Integration risk from acquiring New Gold's operations.

“Acquisition of New Gold involves combining two mining companies with different assets and cultures.”

Share dilution from issuance of new shares.

“Shares issued under Section 3(a)(10) exemption will dilute existing shareholders.”

Regulatory and shareholder approval risk.

“Transaction requires approval from Coeur stockholders and New Gold shareholders, as well as court approval.”

Mexico Tax Dispute

“As of September 30, 2025, $28.7 million in principal is due from the Mexican government associated with amounts that were paid as VAT under Coeur Mexicana... Outcomes in arbitration and the process for recovering funds even if there is a successful outcome in arbitration can be lengthy and unpredictable.”

Litigation Exposure

“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... the Company has determined it is reasonably possible that it may incur a loss of $0 to $12 million in these matters.” · word for word

Commodity price volatility could impact future results.

“Results highly dependent on gold and silver prices; average realized prices increased significantly YoY.”

Operational risks at mining sites could affect production.

“Production guidance refined; cost guidance lowered at three operations.”