COEUR MINING, INC., 10-Q filed on 8/5/2026
Quarterly Report
v3.26.1
Document and Entity Information - shares
 6 Months Ended
Jun. 30, 2026
Aug. 03, 2026
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Jun. 30, 2026  
Document Transition Report false  
Entity File Number 001-08641  
Entity Registrant Name COEUR MINING, INC.  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 82-0109423  
Entity Address, Address Line One 200 S. Wacker Dr.  
Entity Address, Address Line Two Suite 2100  
Entity Address, City or Town Chicago,  
Entity Address, State or Province IL  
Entity Address, Postal Zip Code 60606  
City Area Code 312  
Local Phone Number 489-5800  
Title of 12(b) Security Common Stock (par value $.01 per share)  
Trading Symbol CDE  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   1,027,934,998
Entity Central Index Key 0000215466  
Amendment Flag false  
Document Fiscal Year Focus 2026  
Document Fiscal Period Focus Q2  
Current Fiscal Year End Date --12-31  
v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 1,052,274 $ 553,597
Receivables 73,562 69,160
Inventory 383,420 163,330
Ore on leach pads 207,939 157,461
Prepaid expenses and other 58,092 29,129
Current assets 1,775,287 972,677
NON-CURRENT ASSETS    
Property, plant and equipment and mining properties, net 12,163,136 2,744,884
Goodwill 625,812 625,812
Ore on leach pads, noncurrent 162,042 119,446
Restricted assets 9,133 9,114
Receivables 20,730 19,683
Deferred tax assets 147,841 140,553
Long-term stockpile [1] 281,078 42,076
Other assets 18,686 21,437
Total consolidated assets 15,203,745 4,695,682
CURRENT LIABILITIES    
Accounts payable 262,383 148,872
Accrued liabilities and other 201,866 212,213
Debt 2,388 16,996
Reclamation 19,250 15,063
Current liabilities 485,887 393,144
NON-CURRENT LIABILITIES    
Debt 702,903 323,537
Reclamation 404,213 262,448
Deferred tax liabilities 3,114,049 322,983
Other long-term liabilities 87,189 80,519
Non-current liabilities 4,308,354 989,487
STOCKHOLDERS' EQUITY    
Common stock, par value $0.01 per share; 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 10,285 6,421
Additional paid-in capital 12,527,639 5,783,019
Accumulated deficit (2,128,420) (2,476,389)
Stockholders' equity 10,409,504 3,313,051
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 15,203,745 $ 4,695,682
[1] 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
v3.26.1
Consolidated Balance Sheets (Parenthetical) - $ / shares
Jun. 30, 2026
Dec. 31, 2025
STOCKHOLDERS' EQUITY    
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 1,300,000,000 1,300,000,000
Common stock, shares issued (in shares) 1,028,536,378 642,092,761
Common stock, shares outstanding (in shares) 1,028,536,378 642,092,761
v3.26.1
Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue $ 1,085,592 $ 480,650 $ 1,941,784 $ 840,712
COSTS AND EXPENSES        
Amortization 255,985 61,421 355,810 104,514
General and administrative 22,694 13,250 44,356 27,162
Pre-development, reclamation, and other 6,557 13,161 36,384 30,114
Total costs and expenses 869,078 340,542 1,376,100 638,448
Income from operations 216,514 140,108 565,684 202,264
OTHER INCOME (EXPENSE), NET        
Loss on debt extinguishment (320) 0 (1,874) 0
Fair value adjustments, net, pretax 0 4 0 (342)
Interest expense, net of capitalized interest (11,010) (8,251) (17,453) (18,701)
Other, net 9,907 1,460 17,449 1,866
Total other income (expense), net (1,423) (6,787) (1,878) (17,177)
Income (loss) before income and mining taxes 215,091 133,321 563,806 185,087
Income and mining tax (expense) benefit (93,238) (62,595) (195,192) (81,008)
NET INCOME (LOSS) 121,853 70,726 368,614 104,079
OTHER COMPREHENSIVE INCOME (LOSS), Net of Tax:        
Other comprehensive loss 0 0 0 0
COMPREHENSIVE INCOME (LOSS) $ 121,853 $ 70,726 $ 368,614 $ 104,079
Basic EPS        
Earnings Per Share, Basic $ 0.12 $ 0.11 $ 0.43 $ 0.18
Diluted EPS        
Earnings Per Share, Diluted $ 0.12 $ 0.11 $ 0.42 $ 0.18
Accumulated Deficit        
OTHER INCOME (EXPENSE), NET        
NET INCOME (LOSS) $ 121,853 $ 70,726 $ 368,614 $ 104,079
Product        
COSTS AND EXPENSES        
Costs applicable to sales [2] 549,747 [1] 229,454 879,756 433,720
Mineral, Exploration        
COSTS AND EXPENSES        
Costs applicable to sales $ 34,095 $ 23,256 $ 59,794 $ 42,938
[1] Excludes amortization.
[2] Excludes amortization.
v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income $ 121,853 $ 70,726 $ 368,614 $ 104,079
Adjustments:        
Amortization 255,985 61,421 355,810 104,514
Accretion 6,088 4,900 10,927 9,632
Deferred income taxes (8,336) (12,204) (9,901) (29,557)
Loss on debt extinguishment 320 0 1,874 0
Fair value adjustments, net 0 (4) 0 342
Stock-based compensation 7,406 4,217 16,033 7,515
Revenue Recognized (138) (192) (298) (42,508)
Acquired inventory purchase price allocation 140,076 29,680 225,438 56,720
Foreign exchange and other (9,946) 3,029 (10,439) 4,552
Changes in operating assets and liabilities:        
Receivables 17,890 (4,766) 13,157 (821)
Prepaid expenses and other current assets (22,944) 2,424 (23,371) 84,489
Inventories (24,463) (14,125) (51,266) (22,473)
Accounts payable and accrued liabilities 29,441 61,845 (42,510) (1,898)
Cash provided by (used in) operating activities 513,232 206,951 854,068 274,586
CASH FLOWS FROM INVESTING ACTIVITIES:        
Capital expenditures (125,709) (60,807) (199,788) (110,809)
Acquisitions, net 0 239 128,259 103,635
Proceeds from the sale of assets 670 80 1,933 80
Purchase of investments (45) 0 (45) 0
Other (63) (85) (133) (175)
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (125,147) (60,573) (69,774) (7,269)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from Issuance of Common Stock 349 9,147 750 9,449
Issuance of notes and bank borrowings, net of issuance costs 0 47,000 0 146,500
Payments on long-term debt, capital leases, and associated costs (44,937) (164,731) (55,220) (356,965)
Performance share cash settlement (732) 0 (41,763) 0
Dividend payments (20,645) 0 (20,645) 0
Share repurchases (110,422) (2,004) (110,422) (2,004)
Other (715) (2,184) (54,674) (7,905)
CASH PROVIDED (USED IN) BY FINANCING ACTIVITIES (177,102) (112,772) (281,974) (210,925)
Effect of exchange rate changes on cash and cash equivalents (1,101) 496 (2,143) 204
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 209,882 34,102 500,177 56,596
Cash, cash equivalents and restricted cash at beginning of period 846,000 79,368 555,705 56,874
Cash, cash equivalents and restricted cash at end of period $ 1,055,882 $ 113,470 $ 1,055,882 $ 113,470
v3.26.1
Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ in Thousands
Total
Royalty Settlement [Domain]
Common Stock
Common Stock
Royalty Settlement [Domain]
Additional Paid-In Capital
Additional Paid-In Capital
Royalty Settlement [Domain]
Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2024     399,236,000        
Beginning balance at Dec. 31, 2024 $ 1,123,252   $ 3,992   $ 4,181,521   $ (3,062,261)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 33,353           33,353
Stock issued during period, acquisitions (in shares)     239,489,000        
Stock issued during period, acquisitions 1,590,091   $ 2,395   1,587,696    
Common stock issued for investment (in shares)       595,000      
Common stock issued   $ 3,655   $ 6   $ 3,649  
Common stock issued/canceled under long-term incentive plans, annual incentive plans, director fees and options, net (in shares)     (259,000)        
Common stock issued/canceled under long-term incentive plans, annual incentive plans, director fees and options, net (1,839)   $ (3)   (1,836)    
Ending balance (in shares) at Mar. 31, 2025     639,061,000        
Ending balance at Mar. 31, 2025 2,748,512   $ 6,390   5,771,030   (3,028,908)
Beginning balance (in shares) at Dec. 31, 2024     399,236,000        
Beginning balance at Dec. 31, 2024 1,123,252   $ 3,992   4,181,521   (3,062,261)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 104,079           104,079
Ending balance (in shares) at Jun. 30, 2025     642,702,000        
Ending balance at Jun. 30, 2025 2,828,387   $ 6,426   5,780,143   (2,958,182)
Beginning balance (in shares) at Mar. 31, 2025     639,061,000        
Beginning balance at Mar. 31, 2025 2,748,512   $ 6,390   5,771,030   (3,028,908)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 70,726           70,726
Stock options exercised (in shares)     2,139,000        
Stock options exercised 7,222   $ 21   7,201    
Stock repurchase program (in shares)     (216,000)        
Stock repurchase program (2,004)   $ (2)   (2,002)    
Common stock issued/canceled under long-term incentive plans, annual incentive plans, director fees and options, net (in shares)     1,718,000        
Common stock issued/canceled under long-term incentive plans, annual incentive plans, director fees and options, net 3,931   $ 17   3,914    
Ending balance (in shares) at Jun. 30, 2025     642,702,000        
Ending balance at Jun. 30, 2025 2,828,387   $ 6,426   5,780,143   (2,958,182)
Beginning balance (in shares) at Dec. 31, 2025     642,093,000        
Beginning balance at Dec. 31, 2025 3,313,051   $ 6,421   5,783,019   (2,476,389)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 246,761           246,761
Stock issued during period, acquisitions (in shares)     392,682,000        
Stock issued during period, acquisitions 6,938,701   $ 3,927   6,934,774    
Stock options exercised (in shares)     45,000        
Stock options exercised 160   $ 0   160    
Common stock issued/canceled under long-term incentive plans, annual incentive plans, director fees and options, net (in shares)     (323,000)        
Common stock issued/canceled under long-term incentive plans, annual incentive plans, director fees and options, net (86,348)   $ (3)   (86,345)    
Ending balance (in shares) at Mar. 31, 2026     1,034,497,000        
Ending balance at Mar. 31, 2026 10,412,325   $ 10,345   12,631,608   (2,229,628)
Beginning balance (in shares) at Dec. 31, 2025     642,093,000        
Beginning balance at Dec. 31, 2025 3,313,051   $ 6,421   5,783,019   (2,476,389)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income $ 368,614           368,614
Stock options exercised (in shares) 77,616            
Ending balance (in shares) at Jun. 30, 2026     1,028,536,000        
Ending balance at Jun. 30, 2026 $ 10,409,504   $ 10,285   12,527,639   (2,128,420)
Beginning balance (in shares) at Mar. 31, 2026     1,034,497,000        
Beginning balance at Mar. 31, 2026 10,412,325   $ 10,345   12,631,608   (2,229,628)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 121,853           121,853
Stock options exercised (in shares)     32,000        
Stock options exercised 126   $ 0   126    
Stock repurchase program (in shares)     (5,982,000)        
Stock repurchase program (110,422)   $ (60)   (110,362)    
Dividend payment (20,645)           (20,645)
Common stock issued/canceled under long-term incentive plans, annual incentive plans, director fees and options, net (in shares)     (11,000)        
Common stock issued/canceled under long-term incentive plans, annual incentive plans, director fees and options, net 6,267   $ 0   6,267    
Ending balance (in shares) at Jun. 30, 2026     1,028,536,000        
Ending balance at Jun. 30, 2026 $ 10,409,504   $ 10,285   $ 12,527,639   $ (2,128,420)
v3.26.1
Basis of Presentation
 6 Months Ended
Jun. 30, 2026
Basis of Presentation [Abstract]  
Basis of Accounting The interim Condensed Consolidated Financial Statements of Coeur Mining, Inc. and its subsidiaries (collectively, “Coeur” or the “Company”) are unaudited. In the opinion of management, all adjustments and disclosures necessary for the fair presentation of these interim statements have been included. The results reported in these interim statements may not be indicative of the results which will be reported for the year ending December 31, 2026. The condensed consolidated December 31, 2025 balance sheet data was derived from audited consolidated financial statements. Accordingly, these unaudited interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 (the “2025 10-K”).
v3.26.1
Summary Of Significant Accounting Policies
 6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Significant Accounting Policies
Please see Note 2 — Summary of Significant Accounting Policies contained in the 2025 10-K.
Use of Estimates
The Company's Condensed Consolidated Financial Statements have been prepared in accordance with United States Generally Accepted Accounting Principles (“U.S. GAAP”). The preparation of the Company’s Condensed Consolidated Financial Statements requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the related disclosure of contingent assets and liabilities at the date of the Condensed Consolidated Financial Statements and reported amounts of revenues and expenses during the reporting period. The more significant areas requiring the use of management estimates and assumptions relate to metal prices and mineral reserves that are the basis for future cash flow estimates utilized in impairment calculations and units-of-production amortization calculations, environmental, reclamation and closure obligations, estimates of recoverable gold, silver and copper on stockpiles and leach pad inventories, estimates of fair value for certain reporting units and asset impairments, valuation allowances for deferred tax assets, and the fair value and accounting treatment of financial instruments, equity securities, asset acquisitions, the allocation of fair value to assets and liabilities assumed in connection with business combinations, and derivative instruments. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Accordingly, actual results will differ from the amounts estimated in these financial statements.
Ore on Leach Pads
The heap leach process extracts silver and gold by placing ore on an impermeable pad and applying a diluted cyanide solution that dissolves a portion of the contained silver and gold, which are then recovered in metallurgical processes. The Company uses several integrated steps to scientifically measure the metal content of ore placed on the leach pads. As the ore body is drilled in preparation for the blasting process, samples are taken of the drill residue which are assayed to determine estimated quantities of contained metal. The Company then processes the ore through crushing facilities where the output is again weighed and sampled for assaying. A metallurgical reconciliation with the data collected from the mining operation is completed with appropriate adjustments made to previous estimates. The crushed ore is then transported to the leach pad for application of the leaching solution. As the leach solution is collected from the leach pads, it is continuously sampled for assaying. The quantity of leach solution is measured by flow meters throughout the leaching and precipitation process. After precipitation, the product is converted to doré at the Rochester mine and a form of gold electrolytic cathodic sludge at the Wharf mine, representing the final product produced by each mine. The inventory is stated at lower of cost or net realizable value, with cost being determined using a weighted average cost method.
The historical cost of metal expected to be extracted within 12 months is classified as current and the historical cost of metals contained within the broken ore expected to be extracted beyond 12 months is classified as non-current. Ore on leach pads is valued based on actual production costs incurred to produce and place ore on the leach pad, less costs allocated to minerals recovered through the leach process.
The estimate of both the ultimate recovery expected over time and the quantity of metal that may be extracted relative to the time the leach process occurs requires the use of estimates, which are inherently inaccurate due to the nature of the leaching process. The quantities of metal contained in the ore are based upon actual weights and assay analysis. The rate at which the leach process extracts gold and silver from the crushed ore is based upon laboratory testing and actual experience of more than 20 years of leach pad operations at the Rochester mine and 30 years of leach pad operations at the Wharf mine. The assumptions used by the Company to measure metal content during each stage of the inventory conversion process includes estimated recovery rates based on laboratory testing and assaying. The Company periodically reviews its estimates compared to actual experience and revises its estimates when appropriate. The ultimate recovery will not be known until leaching operations
cease. Variations between actual and estimated quantities resulting from changes in assumptions and estimates that do not result in write-downs to net realizable value are accounted for on a prospective basis. There are five reusable heap leach pads (load/offload) used at Wharf. Each pad goes through an approximate 24-month process of loading of ore, leaching and offloading which includes a neutralization and denitrification process. During the leaching cycle of each pad, revised estimated recoverable ounces for each of the pads may result in an upward or downward revision from time to time, which generally have not been significant. Updated recoverable ounce estimates are considered changes in estimate and are accounted for prospectively. 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
Goodwill represents the excess of the purchase price over the estimated fair value of the net assets acquired in a business acquisition. Goodwill is allocated to reporting units and tested for impairment annually as of December 31 and when events or changes in circumstances indicate that the carrying value of a reporting unit exceeds its fair value. Each operating mine is considered a distinct reporting unit for purposes of goodwill impairment testing.
The Company may elect to perform a qualitative assessment to determine if it is more likely than not that the fair value exceeds the carrying value. If the Company determines that it is more likely than not that the fair value is less than the carrying value, a quantitative goodwill impairment test is performed to determine the fair value of the reporting unit. The fair value of a reporting unit is determined using either the income approach utilizing estimates of discounted future cash flows or the market approach utilizing recent transaction activity for comparable properties. These approaches are considered Level 3 fair value measurements. If the carrying amount of the reporting unit exceeds its fair value, an impairment loss is recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. The Company has not recognized an impairment related to the goodwill resulting from the acquisition of SilverCrest on February 14, 2025.
Recently Issued Accounting Standards
In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income (Topic 220): 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 required to be disclosed include: purchases of inventory, employee compensation, depreciation and intangible asset amortization. Additionally, a qualitative description of other items is required, equal to the difference between the relevant expense caption and the separately disclosed specific costs. The amendments in ASU 2024-03 are effective for fiscal years beginning after December 15, 2026, and for interim periods beginning after December 15, 2027, and are applied either prospectively or retrospectively at the option of the Company. We are evaluating the impact of the amendments on our Condensed Consolidated Financial Statements and related disclosures.
v3.26.1
Acquisitions (Notes)
 6 Months Ended
Jun. 30, 2026
Business Combination [Abstract]  
Acquisitions ACQUISITIONS
On November 2, 2025, the Company entered into a definitive agreement (the “Arrangement Agreement”) whereby, a wholly-owned subsidiary of Coeur (“Canadian Sub”) would acquire all of the issued and outstanding shares of New Gold Inc. (“New Gold”) pursuant to a court-approved plan of arrangement (the “New Gold Transaction”). Under the terms of the Arrangement Agreement, New Gold shareholders received 0.4959 Coeur common shares for each New Gold common share (the “Exchange Ratio”). The Company completed the New Gold Transaction on March 20, 2026, acquiring all of the issued and outstanding shares of New Gold in exchange for approximately 392,682,578 common shares. 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 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 fair values at the Acquisition Date. The fair value estimates were based on income, market and cost valuation methods.
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
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. 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 and 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)
Common shares issued (392,682,578 at $17.67)
$6,938,701 
Total purchase price$6,938,701 
Assets:
Cash and cash equivalents$128,259 
Short-term receivables13,669 
Inventory467,275 
Prepaid expenses and other17,379 
Property, plant and equipment and mining properties9,585,545 
Long-term stockpile218,159 
Other3,303 
Total Assets$10,433,589 
Liabilities:
Accounts payable94,179 
Accrued liabilities and other(1)
45,170 
Debt414,767 
Reclamation144,443 
Deferred tax liabilities (2)
2,793,678 
Other long-term liabilities2,651 
Total liabilities$3,494,888 
Net assets acquired$6,938,701 
(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 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 EndedSix Months Ended
June 30, 2026June 30, 2025June 30, 2026June 30, 2025
In thousands
Revenue$1,085,592 $791,443 $2,276,711 $1,417,691 
Net income (loss)$156,835 $(48,108)$368,559 $(231,484)
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 PPA on acquired inventory, which have been applied from January 1, 2025, with the consequential tax effects.
v3.26.1
Segment Reporting
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
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. The Silvertip exploration project is engaged in the discovery of silver, zinc, lead, and other metals. “Other” includes certain mineral interests, strategic equity investments, corporate office, elimination of intersegment transactions, and other items necessary to reconcile to consolidated amounts.
The Company’s Chief Operating Decision Maker (“CODM”), composed of Mitchell J. Krebs, Chairman, President and Chief Executive Officer, Thomas S. Whelan, Executive Vice President and Chief Financial Officer, and Michael Routledge, Executive Vice President and Chief Operating Officer, evaluates performance and allocates resources for all of the Company’s reportable segments based on Income from operations. The CODM uses segment Income from operations to allocate resources such as corporate employees, and financial or capital resources for each segment during the annual budget and forecasting processes. The CODM considers budget-to-actual variances on a monthly basis using the segment Income from operations measure when making decisions about allocating capital and personnel to the segments. The accounting policies of the reportable segments are the same as those described in Note 2 -- Summary of Significant Accounting Policies.
Financial information relating to the Company’s segments is as follows (in thousands):
Three Months Ended June 30, 2026
Segment Profit (Loss)Revenue
Costs applicable to sales(1)
AmortizationExplorationGeneral and AdministrativePre-development, reclamation, and otherIncome (loss) from operations
Other non-operating income (expense)(2)
Income (loss) before income and
mining taxes
New Afton$133,328 $52,726 $106,377 $5,086 $26 $323 $(31,210)$1,727 $(29,483)
Rainy River304,784 271,743 79,357 4,773 1 946 (52,036)3,548 (48,488)
Las Chispas186,893 35,093 39,626 3,349 466 198 108,161 3,416 111,577 
Palmarejo159,573 61,285 6,086 7,347 351 770 83,734 (1,018)82,716 
Rochester140,778 58,907 13,691 1,358 386 2,293 64,143 (781)63,362 
Kensington87,337 48,180 8,220 2,337 353 451 27,796 (98)27,698 
Wharf72,899 21,813 1,261 1,796 316 (9,292)57,005 (49)56,956 
Silvertip— — 934 6,281 — 3,710 (10,925)(65)(10,990)
Other— — 433 1,768 20,795 7,158 (30,154)(8,103)(38,257)
Total$1,085,592 $549,747 $255,985 $34,095 $22,694 $6,557 $216,514 $(1,423)$215,091 

(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 InformationGold SalesSilver SalesCopper SalesRevenue
Segment Assets(1)
Capital Expenditures
New Afton$62,553 $1,804 $68,971 $133,328 $5,949,685 $11,826 
Rainy River294,587 10,197 — 304,784 3,709,521 57,097 
Las Chispas73,994 112,899 — 186,893 1,630,214 16,263 
Palmarejo52,330 107,243 — 159,573 312,927 7,142 
Rochester52,403 88,375 — 140,778 1,351,331 17,878 
Kensington87,321 16 — 87,337 263,868 12,159 
Wharf71,804 1,095 — 72,899 168,966 (1,913)
Silvertip— — — — 230,036 5,141 
Other— — — — 78,185 116 
Total$694,992 $321,629 $68,971 $1,085,592 $13,694,733 $125,709 

(1) Segment assets include receivables, prepaids, inventories, property, plant and equipment, mineral interests, and goodwill.
Three Months Ended June 30, 2025
Segment Profit (Loss)Revenue
Costs applicable to sales(1)
AmortizationExplorationGeneral and AdministrativePre-development, reclamation, and otherIncome (loss) from operations
Other non-operating income (expense)(2)
Income (loss) before income and
mining taxes
Las Chispas$102,650 $57,747 $22,375 $3,262 $92 $833 $18,341 $820 $19,161 
Palmarejo114,139 48,703 9,406 4,014 447 2,542 49,027 (1,348)47,679 
Rochester94,977 47,928 16,748 1,224 343 2,308 26,426 (2,763)23,663 
Kensington89,766 46,083 10,221 1,535 304 318 31,305 (256)31,049 
Wharf79,118 28,993 1,549 3,479 273 845 43,979 (48)43,931 
Silvertip— — 928 9,228 — 2,929 (13,085)(84)(13,169)
Other— — 194 514 11,791 3,386 (15,885)(3,108)(18,993)
Total$480,650 $229,454 $61,421 $23,256 $13,250 $13,161 $140,108 $(6,787)$133,321 

(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 InformationGold SalesSilver SalesRevenue
Segment Assets(1)
Capital Expenditures
Las Chispas$53,125 $49,525 $102,650 $1,725,990 $9,200 
Palmarejo56,067 58,072 114,139 308,483 5,643 
Rochester46,267 48,710 94,977 1,253,548 24,466 
Kensington89,726 40 89,766 246,478 16,318 
Wharf77,929 1,189 79,118 124,995 3,591 
Silvertip— — — 221,675 1,528 
Other— — — 58,061 61 
Total$323,114 $157,536 $480,650 $3,939,230 $60,807 
(1) Segment assets include receivables, prepaids, inventories, property, plant and equipment, mineral interests, and goodwill.
Six Months Ended June 30, 2026
Segment Profit (Loss)Revenue
Costs applicable to sales(1)
AmortizationExplorationGeneral and AdministrativePre-development, reclamation, and otherIncome (loss) from operations
Other non-operating income (expense)(2)
Income (loss) before income and
mining taxes
New Afton$171,143 $88,965 $120,591 $5,374 $(31)$1,219 $(44,975)$2,680 $(42,295)
Rainy River401,203 364,187 96,046 5,210 108 3,031 (67,379)6,141 (61,238)
Las Chispas380,524 66,551 74,945 6,847 881 411 230,889 7,773 238,662 
Palmarejo347,833 112,533 12,875 11,956 703 1,578 208,188 (1,079)207,109 
Rochester322,182 112,690 29,734 2,287 773 4,518 172,180 (1,729)170,451 
Kensington196,133 95,993 16,889 4,810 704 558 77,179 (214)76,965 
Wharf122,766 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 InformationGold SalesSilver SalesCopper SalesRevenue
Segment Assets(1)
Capital Expenditures
New Afton$81,040 $2,360 $87,743 $171,143 $5,949,685 $11,826 
Rainy River388,803 12,400 — 401,203 3,709,521 63,515 
Las Chispas146,359 234,165 — 380,524 1,630,214 28,793 
Palmarejo116,808 231,025 — 347,833 312,927 15,650 
Rochester120,643 201,539 — 322,182 1,351,331 40,710 
Kensington196,140 (7)— 196,133 263,868 21,296 
Wharf120,421 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.
Six Months Ended June 30, 2025
Segment Profit (Loss)Revenue
Costs applicable to sales(1)
AmortizationExplorationGeneral and AdministrativePre-development, reclamation, and otherIncome (loss) from operations
Other non-operating income (expense)(2)
Income (loss) before income and
mining taxes
Las Chispas$160,669 $100,581 $31,311 $5,140 $102 $890 $22,645 $1,231 $23,876 
Palmarejo209,945 92,406 18,587 7,874 941 3,677 86,460 (2,021)84,439 
Rochester177,603 96,464 31,655 2,691 667 4,738 41,388 (5,455)35,933 
Kensington155,009 88,239 17,692 4,836 594 598 43,050 (518)42,532 
Wharf137,486 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 InformationGold SalesSilver SalesRevenue
Segment Assets(1)
Capital Expenditures
Las Chispas$81,007 $79,662 $160,669 $1,725,990 $14,538 
Palmarejo99,762 110,183 209,945 308,483 11,500 
Rochester88,050 89,553 177,603 1,253,548 39,319 
Kensington154,933 76 155,009 246,478 31,791 
Wharf134,689 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, 2026December 31, 2025
Total assets for reportable segments$13,694,733 $3,928,905 
Cash and cash equivalents1,052,274 553,597 
Other assets456,738 213,180 
Total consolidated assets$15,203,745 $4,695,682 
Geographic Information
Long-Lived Assets June 30, 2026December 31, 2025
United States$1,337,930 $1,315,939 
Mexico1,763,387 1,815,259 
Canada9,687,398 239,265 
Other233 233 
Total$12,788,948 $3,370,696 
RevenueThree months ended June 30,Six months ended June 30,
2026202520262025
United States$301,014 $263,861 $641,081 $470,098 
Mexico346,466 216,789 728,357 370,614 
Canada438,112 — 572,346 — 
Total$1,085,592 $480,650 $1,941,784 $840,712 
v3.26.1
Receivables
 6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
RECEIVABLES RECEIVABLES
    Receivables consist of the following:
In thousandsJune 30, 2026December 31, 2025
Current receivables:
Trade receivables$14,153 $18,181 
VAT receivable45,663 37,100 
Income tax receivable - federal9,972 11,931 
Deferred cash consideration (1)
834 834 
Other2,940 1,114 
$73,562 $69,160 
Non-current receivables:
Other tax receivable (2)
$7,535 $6,488 
Contingent consideration (3)
13,195 13,195 
$20,730 $19,683 
Total receivables$94,292 $88,843 
(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.
(3) Represents the fair value of the contingent consideration associated with the sale of Sterling/Crown exploration properties, which included the right to an additional payment of $50.0 million based on gold resources reported in the Sterling/Crown exploration properties by the buyer, its affiliates or its successors. 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.
v3.26.1
Inventory and Ore on Leach Pads
 6 Months Ended
Jun. 30, 2026
Inventory Disclosure [Abstract]  
INVENTORY AND ORE ON LEACH PADS INVENTORY AND ORE ON LEACH PADS
    Inventory consists of the following:
In thousandsJune 30, 2026December 31, 2025
Inventory:
Concentrate$21,684 $3,507 
Stockpile ore (1)
178,392 85,450 
Precious metals54,352 15,164 
Supplies128,992 59,209 
$383,420 $163,330 
Ore on Leach Pads:
Current$207,939 $157,461 
Non-current162,042 119,446 
$369,981 $276,907 
Long-term Stockpile (2)
$281,078 $42,076 
Total Inventory and Ore on Leach Pads$1,034,479 $482,313 
    
(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 $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.
v3.26.1
Property, Plant and Equipment
 6 Months Ended
Jun. 30, 2026
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT PROPERTY, PLANT AND EQUIPMENT AND MINING PROPERTIES, NET
Property, plant and equipment and mining properties, net consist of the following:
In thousandsJune 30, 2026December 31, 2025
Mine development$2,124,075 $1,657,873 
Mineral interests9,912,250 1,683,564 
Land84,694 9,961 
Facilities and equipment(1)
2,748,233 1,741,055 
Construction in progress148,079 129,662 
Total$15,017,331 $5,222,115 
Accumulated depreciation, depletion and amortization(2)
(2,854,195)(2,477,231)
Property, plant and equipment and mining properties, net$12,163,136 $2,744,884 
(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.
v3.26.1
Debt
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Debt Disclosure DEBT
June 30, 2026December 31, 2025
In thousandsCurrentNon-CurrentCurrentNon-Current
2029 Senior Notes, net(1)
$— $291,158 $— $290,792 
2032 Senior Notes, net(2)
— 396,596 — — 
New Gold 2032 Senior Notes, net— 13,690 — — 
BOA Revolving Credit Facility(3)
— — — — 
Finance lease obligations2,388 1,459 16,996 32,745 
$2,388 $702,903 $16,996 $323,537 
(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. 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
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
In connection with the settlement of the Exchange Offer, Coeur issued approximately $385.8 million aggregate principal amount of Coeur’s 2032 Senior Notes. The 2032 Senior Notes are governed by an Indenture dated as of April 22, 2026 (the “2032 Senior Notes Indenture”), among the Company, as issuer, certain of the Company’s subsidiaries named therein, as guarantors thereto (the “Guarantors”), and The Bank of New York Mellon, as trustee (the “Trustee”). The 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 2032 Senior Notes will mature on April 1, 2032.
The 2032 Senior Notes are the Company’s unsecured senior obligations and rank equally in right of payment with all of its existing and future unsecured senior debt and rank senior in right of payment to all of its existing and future subordinated debt. The 2032 Senior Notes are effectively subordinated to any of the Company’s existing and future secured debt to the extent of the value of the assets securing such debt. Initially, the Company’s obligations under the 2032 Senior Notes are jointly and severally guaranteed by certain of the Company’s wholly owned subsidiaries. In addition, each of the Company’s restricted subsidiaries that guarantees other indebtedness that exceeds $20.0 million aggregate principal amount, will be required to guarantee the 2032 Senior Notes in the future. The guarantees rank equally in right of payment to all of the Guarantors’ existing and future unsecured senior debt and rank senior in right of payment to all of the Guarantors’ existing and future subordinated debt. The guarantees are effectively subordinated to any of the Guarantors’ existing and future secured debt to the extent of the value of the assets securing such debt. The 2032 Senior Notes are also structurally subordinated to the liabilities of subsidiaries of the Company that have not guaranteed the 2032 Senior Notes.
Upon the occurrence of a Change of Control (as defined in the 2032 Senior Notes Indenture), unless the Company has exercised its right to redeem the 2032 Senior Notes, each holder of 2032 Senior Notes will have the right to require the Company to repurchase all or a portion of such holder’s 2032 Senior Notes at a price equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to the date of repurchase.
If the Company or its restricted subsidiaries sell assets under certain circumstances specified in the 2032 Senior Notes Indenture and do not use the proceeds for certain specified purposes, the Company must offer to use certain net proceeds therefrom to repurchase the 2032 Senior Notes and other debt that ranks equal in right of payment to the 2032 Senior Notes on a pro rata basis. 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 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. 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.
Revolving Credit Facility
On March 20, 2026, the Company entered into a Credit Agreement (the “Credit Agreement”) by and among Coeur, as borrower, certain subsidiaries of Coeur as guarantors, the lenders party thereto and National Bank of Canada, as administrative agent. The Credit Agreement replaced Coeur’s prior credit agreement dated as of September 29, 2017, by and among Coeur, as borrower, certain subsidiaries of Coeur, as guarantors, the lenders party thereto and Bank of America, N.A., as administrative agent, as amended.
The Credit Agreement provides for a $1.0 billion senior secured revolving credit facility (the “RCF”) which may be increased by up to $250 million in incremental loans and commitments subject to the terms of the Credit Agreement. Proceeds from the RCF are expected to be used to finance working capital and general corporate purposes for Coeur and its subsidiaries. The RCF has a term of five years, maturing in March 2031.
Loans under the RCF bear interest at a rate equal to either a base rate plus a margin ranging from 0.45% to 1.50%, Term SOFR plus a margin ranging from 1.45% to 2.50%, or Daily Simple SOFR plus a margin ranging from 1.45% to 2.50%, in each case as selected by Coeur, with such margin determined in accordance with a pricing grid based upon Coeur’s consolidated net leverage ratio as of the end of the applicable period. Subject to no event of default, upon Coeur receiving at least two of the following debt ratings: BBB- (or better) from S&P, Baa3 (or better) from Moody’s, or BBB- (or better) from Fitch (the “Collateral Release Event”) and the one-time election of Coeur, the applicable margin will instead be determined based upon Coeur’s debt ratings from S&P, Moody’s and Fitch, and will range from 0.125% to 1.000% for Base Rate Loans and from 1.125% to 2.000% for Term SOFR Loans and Daily SOFR Loans.
The RCF is secured by a pledge of the shares of certain of Coeur’s domestic and Canadian subsidiaries. Upon the occurrence of the Collateral Release Event and provided no event of default has occurred and is continuing, the equity pledge will be released and the RCF will be unsecured.
The Credit Agreement contains representations and warranties and affirmative and negative covenants that are usual and customary, including representations, warranties, and covenants that, among other things, restrict the ability of Coeur and its subsidiaries to incur additional debt, incur or permit liens on assets, make investments and acquisitions, consolidate or merge with any other company, engage in asset sales and make dividends and distributions. The Credit Agreement also contains representations, warranties, and covenants that, among other things, require compliance with environmental laws and maintenance of mining rights. The Credit Agreement also contains financial covenants consisting of a consolidated net leverage ratio and a net debt to capital ratio. Obligations under the RCF may be accelerated upon the occurrence of certain customary events of default.
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.
Finance Lease Obligations
From time to time, the Company acquires mining equipment and facilities under finance lease agreements. 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. For more details, please see Note 8 -- Leases in the 2025 10-K.
Interest Expense
Three Months Ended June 30,Six Months Ended June 30,
In thousands2026202520262025
2029 Senior Notes$3,756 $3,755 $7,511 $7,511 
2032 Senior Notes4,232 — 4,232 — 
New Gold 2032 Senior Notes1,789 — 2,521 — 
Revolving Credit Facility610 2,434 982 6,639 
Finance lease obligations314 1,561 1,098 3,219 
Amortization of debt issuance costs421 581 1,263 1,162 
Other obligations208 314 353 959 
Capitalized interest(320)(394)(507)(789)
Total interest expense, net of capitalized interest$11,010 $8,251 $17,453 $18,701 
v3.26.1
Reclamation
 6 Months Ended
Jun. 30, 2026
Asset Retirement Obligation Disclosure [Abstract]  
RECLAMATION RECLAMATION
Reclamation and mine closure costs are based principally on legal and regulatory requirements. Management estimates costs associated with reclamation of mining properties and assesses its financial capacity to meet closure requirement obligations. On an ongoing basis, management evaluates its estimates and assumptions, and future expenditures could differ from current estimates. The asset retirement obligation increased in 2026 due to increased reclamation and mine closure costs associated with New Afton and Rainy River.
Changes to the Company’s asset retirement obligations for its operating sites are as follows:
Three Months Ended June 30,Six Months Ended June 30,
In thousands2026202520262025
Asset retirement obligation - Beginning$420,051 $272,512 $277,511 $260,492 
Accretion6,088 4,900 10,927 9,632 
Additions and changes to estimates— — 139,159 8,644 
Settlements(2,676)(2,380)(4,134)(3,736)
Asset retirement obligation - Ending$423,463 $275,032 $423,463 $275,032 
v3.26.1
Income and Mining Taxes
 6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
INCOME AND MINING TAXES INCOME AND MINING TAXES
    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,
2026202520262025
In thousandsIncome (loss) before taxTax (expense) benefitIncome (loss) before taxTax (expense) benefitIncome (loss) before taxTax (expense) benefitIncome (loss) before taxTax (expense) benefit
United States$122,619 $(40,034)$82,138 $(15,229)$261,792 $(70,676)$102,463 $(20,534)
Canada(101,258)29,955 (15,099)(693)(142,825)38,336 (25,051)(811)
Mexico193,907 (83,159)66,879 (46,673)445,267 (162,852)107,969 (59,663)
Other jurisdictions(177)— (597)— (428)— (294)— 
$215,091 $(93,238)$133,321 $(62,595)$563,806 $(195,192)$185,087 $(81,008)
    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: (i) variations in our income before income taxes; (ii) geographic distribution of that income; (iii) mining taxes; (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
$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.
A valuation allowance is provided for deferred tax assets for which it is more likely than not that the related tax benefits will not be realized. The Company analyzes its deferred tax assets and, if it is determined that the Company will not realize all or a portion of its deferred tax assets, it will record or increase a valuation allowance. Conversely, if it is determined that the Company ultimately will be more likely than not to realize all or a portion of the related benefits for which a valuation allowance has been provided, all or a portion of the related valuation allowance will be reduced. There are a number of factors that impact the Company’s ability to realize its deferred tax assets. For additional information, please see the section titled “Item 1A - Risk Factors” in the 2025 10-K.
The Company has historically provided a valuation allowance against a portion of its U.S. net deferred tax assets. 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 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 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.
The Company or one of its subsidiaries files income tax returns in the U.S. federal and state jurisdictions, in all identified foreign jurisdictions, and various others. The statute of limitations remains open from 2022 for the U.S. federal jurisdiction, for 2016 and from 2019 for the Mexico federal jurisdiction, and from 2019 for certain other foreign jurisdictions. Our 2016 federal tax return is currently under audit in Mexico.
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 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%. The OECD has since issued administrative guidance providing transition and safe harbor rules around the implementation of the Pillar Two global minimum tax. 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 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. At this time, based on the Company’s current analysis of the Pillar Two provisions and because the Company primarily does business in jurisdictions with a tax rate greater than 15%, the Company does not anticipate a material impact to its Consolidated Financial Statements.
v3.26.1
Stock-Based Compensation
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
STOCK-BASED COMPENSATION STOCK-BASED COMPENSATION
    The Company has stock incentive plans for executives, directors and eligible employees. Stock awards include performance share units, restricted stock units and awards, and stock options. 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.
Granted restricted stock units and awards generally vest in equal installments annually over three years. Performance share units granted during 2026 vest at the end of a three-year service period if relative stockholder return and an internal performance metric are met. The existence of a market condition requires recognition of compensation cost for the performance share unit awards over the requisite period regardless of whether the relative stockholder return metric is met. 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.
The following table summarizes the grants awarded during the six months ended June 30, 2026:

Grant dateRestricted
stock		Grant date fair
value of
restricted stock		Performance
shares units		Grant date fair
value of
performance
share units
February 20, 2026635,144 $24.63 82,493 $36.74 
February 20, 2026— $— 247,466 $40.86 
April 9, 20261,222,580 $19.72 — $— 
April 16, 2026513,600 $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.
v3.26.1
Fair Value Measurements
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS
Three Months Ended June 30,Six Months Ended June 30,
In thousands2026202520262025
Acquired bullion and metal inventory monetization— 4 $— $(342)
Fair value adjustments, net$— $4 $— $(342)
Coeur Rochester, Inc., a subsidiary of the Company, had a loan payable of $72.3 million related to the purchase of bullion and metal inventory from SilverCrest that was in effect settled on February 14, 2025, the closing date of the acquisition of SilverCrest Metals Inc. (the “SilverCrest Transaction”). The acquired bullion and metal inventory was sold during the first quarter of 2025 for proceeds of $72.0 million. The proceeds are included in the operating cash flows for the first quarter of 2025, and the $0.3 million loss was recorded in Fair value adjustments, net on the Consolidated Statements of Comprehensive Income.
Accounting standards establish a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1), secondary priority to quoted prices in inactive markets or observable inputs (Level 2), and the lowest priority to unobservable inputs (Level 3).
The following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis (at least annually) by level within the fair value hierarchy. 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 June 30, 2026
In thousandsTotalLevel 1Level 2Level 3  
Assets:
Provisional metal sales contracts$317 $— $317 $— 
Gold and copper swap contracts3,711 — $3,711 — 
$4,028 $— $4,028 $— 
Liabilities:
Provisional metal sales contracts$3,322 $— $3,322 $— 
Gold and copper swap contracts$570 $— $570 $— 
$3,892 $— $3,892 $— 
 
Fair Value at December 31, 2025
In thousandsTotalLevel 1Level 2Level 3  
Assets:
Provisional metal sales contracts$1,103 $— $1,103 $— 
Liabilities:
Provisional metal sales contracts$124 $— $124 $— 
The Company’s investments in equity securities are recorded at fair market value in the financial statements based
primarily on quoted market prices. Such instruments are classified within Level 1 of the fair value hierarchy.
The Company’s provisional metal sales contracts include concentrate and certain doré sales contracts that are valued using pricing models with inputs derived from observable market data, including forward market prices. 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 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 thousandsBook ValueFair ValueLevel 1Level 2Level 3  
Liabilities:
2029 Senior Notes, net(1)
$291,158 $288,855 $— $288,855 $— 
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 thousandsBook ValueFair ValueLevel 1Level 2Level 3  
Liabilities:
2029 Senior Notes, net(1)
$290,792 $289,232 $— $289,232 $— 
Deferred Cash Due 2026$4,829 $4,852 $— $4,852 $— 
(1) Net of unamortized debt issuance costs of $2.3 million.

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, 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. Such instruments are classified within Level 2 of the fair value hierarchy.
v3.26.1
Derivative Financial Instruments
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
DERIVATIVE FINANCIAL INSTRUMENTS DERIVATIVE FINANCIAL INSTRUMENTS & HEDGING ACTIVITIES
The Company is exposed to various market risks, including the effect of changes in metal prices, foreign currency exchange rates and interest rates, and uses derivatives to manage financial exposures that occur in the normal course of business. Derivative gains and losses are included in operating cash flows in the period in which they contractually settle. The Company does not hold or issue derivatives for trading or speculative purposes.
The Company may elect to designate certain derivatives as hedging instruments under U.S. GAAP. 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. 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.
Derivatives Not Designated as Hedging Instruments
Provisional Metal Sales
The Company enters into sales contracts with third-party smelters, refiners and off-take customers which, in some cases, provide for a provisional payment based upon preliminary assays and quoted metal prices. The provisionally priced sales contracts contain an embedded derivative that is required to be separated from the host contract for accounting purposes. 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 June 30, 2026, the Company had the following derivative instruments that settle as follows:
In thousands except average prices and gold notional ounces20262027 and Thereafter
Provisional gold sales contracts$68,029 — 
Average gold price per ounce$4,244 — 
Notional ounces16,030 — 
Provisional copper sales contracts$24,536 — 
Average copper price per pound$6.07 — 
Notional pounds4,044 — 
Gold swap contracts$23,895 — 
Average gold price per ounce$4,779 — 
Notional ounces5,000 — 
Copper swap contracts$26,183 — 
Average copper price per pound$5.94 — 
Notional pounds4,044 — 
The following summarizes the classification of the fair value of the derivative instruments:
June 30, 2026
In thousandsPrepaid expenses and otherAccrued liabilities and other
Provisional gold and copper sales contracts$317 $3,322 
Gold and copper swap contracts$3,711 $570 
December 31, 2025
In thousandsPrepaid expenses and otherAccrued liabilities and other
Provisional metal sales contracts$1,103 $124 
The following represent mark-to-market gains (losses) on derivative instruments in the three and six months ended June 30, 2026 and 2025, respectively (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
Financial statement lineDerivative2026202520262025
RevenueProvisional gold sales contracts$(2,648)$(122)$(4,058)$85 
RevenueProvisional copper sales contracts5,944 — 6,842 — 
RevenueGold swap contracts8,267 — 9,211 — 
RevenueCopper swap contracts(5,173)— (5,008)— 
$6,390 $(122)$6,987 $85 
Credit Risk
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. To reduce counter-party credit exposure, the Company enters into contracts with institutions management deems credit-worthy and limits credit exposure to each institution. The Company does not anticipate non-performance by any of its counterparties.
v3.26.1
Additional Comprehensive Income (Loss) Detail
 6 Months Ended
Jun. 30, 2026
Other Income and Expenses [Abstract]  
Additional Comprehensive Income (Loss) Detail ADDITIONAL COMPREHENSIVE INCOME DETAIL
Pre-development, reclamation, and other consists of the following:
Three Months Ended June 30,Six Months Ended June 30,
In thousands2026202520262025
Silvertip ongoing carrying costs$3,242 $2,423 $6,508 $5,050 
Loss on sale of assets19 120 45 303 
Asset retirement accretion6,088 4,900 10,927 9,632 
Kensington royalty settlement(1)
— — — (95)
Transaction and integration costs3,954 2,823 23,864 11,710 
Obligor exchange2,464 — 2,464 — 
Wharf property damage proceeds(1)
(10,000)— (10,000)— 
Other790 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 the Wharf property damage proceeds.
Other, net consists of the following:
Three Months Ended June 30,Six Months Ended June 30,
In thousands2026202520262025
Foreign exchange gain (loss)$3,856 $246 $4,734 $(512)
Flow-through shares— 112 — 741 
RMC bankruptcy distribution— 37 — 37 
Interest income4,661 78 10,886 399 
Other1,390 987 1,829 1,201 
Other, net$9,907 $1,460 $17,449 $1,866 
v3.26.1
Net Income (Loss) Per Share
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Earnings Per Share NET INCOME PER SHARE
Basic net income per share is computed by dividing net income available to common stockholders by the weighted average number of shares of the Company’s common stock outstanding during the period. 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 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 amounts2026202520262025
Net income available to common stockholders$121,853 $70,726 $368,614 $104,079 
Weighted average shares:
Basic1,029,300 637,173 860,864 576,176 
Effect of stock-based compensation plans5,126 5,903 6,553 6,244 
Diluted1,034,426 643,076 867,417 582,420 
Income per share:
Basic$0.12 $0.11 $0.43 $0.18 
Diluted$0.12 $0.11 $0.42 $0.18 
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”) with BMO Capital Markets Corp. as the Company’s broker. On August 8, 2025, the Company and BMO Capital Markets Corp. 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. 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,
2026202520262025
Shares repurchased5,982,312 216,500 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.
v3.26.1
Supplemental Guarantor Information
 6 Months Ended
Jun. 30, 2026
Condensed Financial Information Disclosure [Abstract]  
SUPPLEMENTAL GUARANTOR INFORMATION 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., 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”). The summarized financial information of the Obligor Group is presented on a combined basis with intercompany balances and transactions between entities in the Obligor Group eliminated. The 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 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 Subsidiary Guarantors by dividend or loan.
SUMMARIZED BALANCE SHEET
Coeur Mining, Inc.Subsidiary Guarantors
In thousandsJune 30, 2026
December 31, 2025(1)
June 30, 2026
December 31, 2025((1)
Current assets$384,440 $375,741 $996,431 $291,673 
Non-current assets(2)
$8,487,248 $1,110,145 $11,462,792 $1,494,435 
Non-guarantor intercompany assets$4,885 $3,008 $— $— 
Current liabilities$23,351 $33,646 $295,365 $166,385 
Non-current liabilities$747,643 $311,921 $3,129,631 $216,889 
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
SIX MONTHS ENDED JUNE 30, 2026
In thousandsCoeur 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 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., 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.
SUMMARIZED BALANCE SHEET
Coeur Mining, Inc.Subsidiary Guarantors
In thousandsJune 30, 2026June 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 thousandsCoeur 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. of the New Gold 2032 Senior Notes. The following schedules present summarized financial information of New Gold Inc. 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 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. See Note 8 -- Debt for additional details.
SUMMARIZED BALANCE SHEET
New Gold Inc.
In thousandsJune 30, 2026
Current assets$620,586 
Non-current assets$9,681,447 
Non-guarantor intercompany assets$— 
Current liabilities$133,879 
Non-current liabilities$2,903,988 
Non-guarantor intercompany liabilities$— 


SUMMARIZED STATEMENTS OF INCOME
SIX MONTHS ENDED JUNE 30, 2026
In thousandsNew Gold Inc.
Revenue$899,185 
Gross profit$111,246 
Net income$(83,427)
v3.26.1
Commitments and Contingencies
 6 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES COMMITMENTS AND CONTINGENCIES
Mexico Litigation Matters
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. Coeur Mexicana applied for and initially received refunds in the normal course of these amounts paid as VAT associated with the royalty payments; however, in 2011 the Mexican tax authorities began denying refunds of these amounts based on the argument that VAT was not legally due on the royalty payments. Accordingly, Coeur Mexicana began to request refunds of these amounts paid as VAT as undue payments, which the Mexican tax authorities also denied. The Company has since been engaged in ongoing efforts to recover these amounts from the Mexican government (including through refiling refund requests as undue payments rather than refunds of VAT that were due, litigation and international arbitration). While the Company believes that it remains legally entitled to be refunded the full amount of the receivable and intends to rigorously continue its recovery efforts, based on the continued failure to recover the receivable and certain unfavorable Mexican court decisions, the Company determined to write down the carrying value of the receivable at September 30, 2021. Coeur initiated an arbitration proceeding against Mexico under Annex 14-C of the United States-Mexico-Canada Agreement, or USMCA, for violations of the North American Free Trade Agreement, or NAFTA, to pursue recovery of the unduly paid VAT plus interest and other damages. Outcomes in arbitration and the process for recovering funds even if there is a successful outcome in arbitration can be lengthy and unpredictable.
Palmarejo Gold Stream
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”). 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. Under the Franco-Nevada Gold Stream Agreement, Coeur Mexicana received a $22.0 million deposit toward future deliveries. In accordance with generally accepted accounting principles, although Coeur Mexicana has satisfied its contractual obligation to repay the deposit to Franco-Nevada, the deposit is accounted for as deferred revenue and is recognized as revenue on a units-of-production basis as ounces are sold to Franco-Nevada. Because there is no minimum obligation associated with the deposit, it is not considered a financing, and each shipment is considered to be a separate performance obligation. The Franco-Nevada Gold Stream Agreement represents a contract liability under ASC 606, which requires the Company to ratably recognize a portion of the deposit as revenue for each gold ounce delivered to Franco-Nevada. The remaining unamortized balance is included in Accrued liabilities and other and Other long-term liabilities on the Consolidated Balance Sheet.
The following table presents a roll forward of the Franco-Nevada contract liability balance:
Three Months Ended June 30,Six Months Ended June 30,
In thousands2026202520262025
Opening Balance$5,562 $6,230 $5,722 $6,382 
Revenue Recognized(138)(192)(298)(344)
Closing Balance$5,424 $6,038 $5,424 $6,038 
Royal Gold Stream Agreement
The Company’s subsidiary, New Gold Inc., is party to a streaming agreement (“Royal Gold Stream Agreement”) with Royal Gold A.G., a wholly-owned subsidiary of Royal Gold, Inc. (“Royal Gold”). 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 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
In June 2019, Coeur amended its existing sales and purchase contract with a metal sales counterparty for gold concentrate from its Kensington mine (the “Amended Sales Contract”). From time to time thereafter, the Amended Sales Contract has been further amended to allow for additional prepayments. Additionally, in June 2023, the Company entered into sales and purchase contracts with a metal sales counterparty for gold electrolytic cathodic sludge from its Wharf mine and gold and silver doré from its Rochester mine.
The metal sales prepayments represented a contract liability under ASC 606, which required the Company to recognize ratably a portion of the deposit as revenue for each gold and silver ounce delivered to the customer. The remaining contract liability was included in Accrued liabilities and other on the Condensed Consolidated Balance Sheet. 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 June 30,Six Months Ended June 30,
In thousands2026202520262025
Opening Balance$— $— $— $42,164 
Additions— — — — 
Revenue Recognized— — — (42,164)
Closing Balance$— $— $— $— 
U.S. Wage and Hour Matter
On November 13, 2024, a putative collective and class action lawsuit was filed against the Company by a former employee in the United States District Court for the Northern District of Illinois, Eastern Division (the “Court”) alleging non-compliance with certain provisions of the Fair Labor Standards Act and the Alaska Wage and Hour Act (“Wage and Hour Litigation”). On August 26, 2025, the Company reached an agreement in principle to resolve the Wage and Hour Litigation. The Company denies any wrongdoing and its settlement of the Wage and Hour Litigation is not an admission of any non-compliance with the Fair Labor Standards Act or the Alaska Wage and Hour Act, but rather a business decision made in recognition of the costs of defense and inherent uncertainty presented in litigation matters. The definitive settlement agreement was negotiated between the parties and was approved by the Court on January 16, 2026. Following Court approval, the Company made settlement payments in the first quarter of 2026 for approximately $6.3 million, inclusive of the employer’s share of relevant taxes for amounts treated as wages.
Other Commitments and Contingencies
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 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. As the specific requirements are met, the beneficiary of the associated instrument cancels and/or returns the instrument to the issuing entity. 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.
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.
v3.26.1
Additional Balance Sheet Detail and Supplemental Cash Flow Information
 6 Months Ended
Jun. 30, 2026
Supplemental Cash Flow Information [Abstract]  
Cash Flow, Supplemental Disclosures [Text Block] ADDITIONAL BALANCE SHEET DETAIL AND SUPPLEMENTAL CASH FLOW INFORMATION
Accrued liabilities and other consist of the following:
In thousandsJune 30, 2026December 31, 2025
Accrued salaries and wages$58,154 $42,354 
Deferred revenue (1)
736 683 
Income and mining taxes91,239 116,230 
Deferred Cash Due 2026(2)
5,000 4,829 
Accrued operating costs12,296 12,506 
Unrealized losses on derivatives1,350 124 
Taxes other than income and mining12,001 17,465 
Accrued interest payable13,225 6,060 
Operating lease liabilities7,865 11,962 
Accrued liabilities and other$201,866 $212,213 
(1) See Note 17 -- Commitments and Contingencies for additional details on deferred revenue liabilities.
(2) See Note 12 -- Fair Value Measurements for additional details on Deferred Cash Due 2026. Payment provided in July 2026 to satisfy the contractual obligation.
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 and six months ended June 30, 2026 and 2025:
In thousandsJune 30, 2026June 30, 2025
Cash and cash equivalents$1,052,274 $111,646 
Restricted cash equivalents(1)
3,608 1,824 
Total cash, cash equivalents and restricted cash shown in the statement of cash flows$1,055,882 $113,470 
(1) Restricted cash equivalents are included in Prepaid expenses and other and Restricted assets on the Condensed Consolidated Balance Sheet.
v3.26.1
Insider Trading Arrangements
shares in Thousands
 3 Months Ended
Jun. 30, 2026
shares
Trading Arrangements, by Individual  
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
Anne Beckelheimer [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement On May 11, 2026, Anne Beckelheimer, Senior Vice President, Tax and Treasurer, adopted a new trading arrangement for the sale of the shares of the Company’s common stock (the “Beckelheimer 10b5-1 Plan”). The Beckelheimer 10b5-1 Plan was entered into during an open trading window in accordance with the Company’s Insider Trading Policy and is intended to satisfy the affirmative defense requirements of Rule 10b5-1(c) under the Exchange Act. Ms. Beckelheimer was not an officer of the Company as defined by Rule 16a-1(f) of the Securities Exchange Act of 1934 at the time the Beckelheimer 10b5-1 Plan was adopted. However, as noted in Part II, Item 5(a) above, the Company intends to appoint Ms. Beckelheimer to be an officer of the Company effective August 10, 2026. The Beckelheimer 10b5-1 Plan provides for the sale of up to 20,000 shares of the Company’s common stock between June 11, 2026 and February 25, 2027, pursuant to terms specified in the Beckelheimer 10b5-1 Plan
Name Anne Beckelheimer
Title Senior Vice President, Tax and Treasurer
Rule 10b5-1 Arrangement Adopted true
Adoption Date May 11, 2026
Expiration Date February 25, 2027
Arrangement Duration 259 days
Aggregate Available 20
Casey M. Nault [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
On May 19, 2026, Casey M. Nault, Executive Vice President, General Counsel and Secretary, adopted a new trading arrangement for the sale of the shares of the Company’s common stock (the “Nault 10b5-1 Plan”). The Nault 10b5-1 Plan was entered into during an open trading window in accordance with the Company’s Insider Trading Policy and is intended to satisfy the affirmative defense requirements of Rule 10b5-1(c) under the Exchange Act. The Nault 10b5-1 Plan provides for the sale of up to 240,000 shares of the Company’s common stock between August 18, 2026 and May 8, 2028, pursuant to terms specified in the Nault 10b5-1 Plan.
Name Casey M. Nault
Title Executive Vice President, General Counsel and Secretary
Rule 10b5-1 Arrangement Adopted true
Adoption Date May 19, 2026
Expiration Date May 8, 2028
Arrangement Duration 629 days
Aggregate Available 240
Mitchell J. Krebs [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
On June 1, 2026, Mitchell J. Krebs, Chairman, President and Chief Executive Officer, adopted a new trading arrangement for the sale of the shares of the Company’s common stock (the “Krebs 10b5-1 Plan”). The Krebs 10b5-1 Plan was entered into during an open trading window in accordance with the Company’s Insider Trading Policy and is intended to satisfy the affirmative defense requirements of Rule 10b5-1(c) under the Exchange Act. The Krebs 10b5-1 Plan provides for the sale
of up to 250,000 shares of the Company’s common stock between August 31, 2026 and February 28, 2027, pursuant to terms specified in the Krebs 10b5-1 Plan.
Name Mitchell J. Krebs
Title Chairman, President and Chief Executive Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date June 1, 2026
Expiration Date February 28, 2027
Arrangement Duration 181 days
Aggregate Available 250
Aoife McGrath [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
On June 15, 2026, Aoife McGrath, Executive Vice President, Exploration, adopted a new trading arrangement for the sale of the shares of the Company’s common stock (the “McGrath 10b5-1 Plan”). The McGrath 10b5-1 Plan was entered into during an open trading window in accordance with the Company’s Insider Trading Policy and is intended to satisfy the affirmative defense requirements of Rule 10b5-1(c) under the Exchange Act. The McGrath 10b5-1 Plan provides for the sale of up to 30,000 shares of the Company’s common stock between December 18, 2026 and December 31, 2027, pursuant to terms specified in the McGrath 10b5-1 Plan.
Name Aoife McGrath
Title Executive Vice President, Exploration
Rule 10b5-1 Arrangement Adopted true
Adoption Date June 15, 2026
Expiration Date December 31, 2027
Arrangement Duration 378 days
Aggregate Available 30
v3.26.1
Summary of Significant Accounting Policies (Policies)
 6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
Risks and Uncertainties
Please see Note 2 — Summary of Significant Accounting Policies contained in the 2025 10-K.
Use of Estimates, Policy
Use of Estimates
The Company's Condensed Consolidated Financial Statements have been prepared in accordance with United States Generally Accepted Accounting Principles (“U.S. GAAP”). The preparation of the Company’s Condensed Consolidated Financial Statements requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the related disclosure of contingent assets and liabilities at the date of the Condensed Consolidated Financial Statements and reported amounts of revenues and expenses during the reporting period. The more significant areas requiring the use of management estimates and assumptions relate to metal prices and mineral reserves that are the basis for future cash flow estimates utilized in impairment calculations and units-of-production amortization calculations, environmental, reclamation and closure obligations, estimates of recoverable gold, silver and copper on stockpiles and leach pad inventories, estimates of fair value for certain reporting units and asset impairments, valuation allowances for deferred tax assets, and the fair value and accounting treatment of financial instruments, equity securities, asset acquisitions, the allocation of fair value to assets and liabilities assumed in connection with business combinations, and derivative instruments. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Accordingly, actual results will differ from the amounts estimated in these financial statements.
Ore on Leach Pad
Ore on Leach Pads
The heap leach process extracts silver and gold by placing ore on an impermeable pad and applying a diluted cyanide solution that dissolves a portion of the contained silver and gold, which are then recovered in metallurgical processes. The Company uses several integrated steps to scientifically measure the metal content of ore placed on the leach pads. As the ore body is drilled in preparation for the blasting process, samples are taken of the drill residue which are assayed to determine estimated quantities of contained metal. The Company then processes the ore through crushing facilities where the output is again weighed and sampled for assaying. A metallurgical reconciliation with the data collected from the mining operation is completed with appropriate adjustments made to previous estimates. The crushed ore is then transported to the leach pad for application of the leaching solution. As the leach solution is collected from the leach pads, it is continuously sampled for assaying. The quantity of leach solution is measured by flow meters throughout the leaching and precipitation process. After precipitation, the product is converted to doré at the Rochester mine and a form of gold electrolytic cathodic sludge at the Wharf mine, representing the final product produced by each mine. The inventory is stated at lower of cost or net realizable value, with cost being determined using a weighted average cost method.
The historical cost of metal expected to be extracted within 12 months is classified as current and the historical cost of metals contained within the broken ore expected to be extracted beyond 12 months is classified as non-current. Ore on leach pads is valued based on actual production costs incurred to produce and place ore on the leach pad, less costs allocated to minerals recovered through the leach process.
The estimate of both the ultimate recovery expected over time and the quantity of metal that may be extracted relative to the time the leach process occurs requires the use of estimates, which are inherently inaccurate due to the nature of the leaching process. The quantities of metal contained in the ore are based upon actual weights and assay analysis. The rate at which the leach process extracts gold and silver from the crushed ore is based upon laboratory testing and actual experience of more than 20 years of leach pad operations at the Rochester mine and 30 years of leach pad operations at the Wharf mine. The assumptions used by the Company to measure metal content during each stage of the inventory conversion process includes estimated recovery rates based on laboratory testing and assaying. The Company periodically reviews its estimates compared to actual experience and revises its estimates when appropriate. The ultimate recovery will not be known until leaching operations
cease. Variations between actual and estimated quantities resulting from changes in assumptions and estimates that do not result in write-downs to net realizable value are accounted for on a prospective basis. There are five reusable heap leach pads (load/offload) used at Wharf. Each pad goes through an approximate 24-month process of loading of ore, leaching and offloading which includes a neutralization and denitrification process. During the leaching cycle of each pad, revised estimated recoverable ounces for each of the pads may result in an upward or downward revision from time to time, which generally have not been significant. Updated recoverable ounce estimates are considered changes in estimate and are accounted for prospectively. 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 and Intangible Assets, Goodwill, Policy
Goodwill
Goodwill represents the excess of the purchase price over the estimated fair value of the net assets acquired in a business acquisition. Goodwill is allocated to reporting units and tested for impairment annually as of December 31 and when events or changes in circumstances indicate that the carrying value of a reporting unit exceeds its fair value. Each operating mine is considered a distinct reporting unit for purposes of goodwill impairment testing.
The Company may elect to perform a qualitative assessment to determine if it is more likely than not that the fair value exceeds the carrying value. If the Company determines that it is more likely than not that the fair value is less than the carrying value, a quantitative goodwill impairment test is performed to determine the fair value of the reporting unit. The fair value of a reporting unit is determined using either the income approach utilizing estimates of discounted future cash flows or the market approach utilizing recent transaction activity for comparable properties. These approaches are considered Level 3 fair value measurements. If the carrying amount of the reporting unit exceeds its fair value, an impairment loss is recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. The Company has not recognized an impairment related to the goodwill resulting from the acquisition of SilverCrest on February 14, 2025.
Recent Accounting Standards
Recently Issued Accounting Standards
In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income (Topic 220): 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 required to be disclosed include: purchases of inventory, employee compensation, depreciation and intangible asset amortization. Additionally, a qualitative description of other items is required, equal to the difference between the relevant expense caption and the separately disclosed specific costs. The amendments in ASU 2024-03 are effective for fiscal years beginning after December 15, 2026, and for interim periods beginning after December 15, 2027, and are applied either prospectively or retrospectively at the option of the Company. We are evaluating the impact of the amendments on our Condensed Consolidated Financial Statements and related disclosures.
v3.26.1
Acquisitions (Tables)
 6 Months Ended
Jun. 30, 2026
Business Combination [Abstract]  
Schedule of Purchase Price and Acquired Assets and Liabilities
(Amounts in thousands, except shares and share price amounts)
Common shares issued (392,682,578 at $17.67)
$6,938,701 
Total purchase price$6,938,701 
Assets:
Cash and cash equivalents$128,259 
Short-term receivables13,669 
Inventory467,275 
Prepaid expenses and other17,379 
Property, plant and equipment and mining properties9,585,545 
Long-term stockpile218,159 
Other3,303 
Total Assets$10,433,589 
Liabilities:
Accounts payable94,179 
Accrued liabilities and other(1)
45,170 
Debt414,767 
Reclamation144,443 
Deferred tax liabilities (2)
2,793,678 
Other long-term liabilities2,651 
Total liabilities$3,494,888 
Net assets acquired$6,938,701 
(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.
Schedule of Pro Forma Information The following unaudited pro forma financial information presents consolidated results assuming the New Gold Transaction occurred on January 1, 2025.
Three Months EndedSix Months Ended
June 30, 2026June 30, 2025June 30, 2026June 30, 2025
In thousands
Revenue$1,085,592 $791,443 $2,276,711 $1,417,691 
Net income (loss)$156,835 $(48,108)$368,559 $(231,484)
v3.26.1
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Financial information relating to the reporting segments
Financial information relating to the Company’s segments is as follows (in thousands):
Three Months Ended June 30, 2026
Segment Profit (Loss)Revenue
Costs applicable to sales(1)
AmortizationExplorationGeneral and AdministrativePre-development, reclamation, and otherIncome (loss) from operations
Other non-operating income (expense)(2)
Income (loss) before income and
mining taxes
New Afton$133,328 $52,726 $106,377 $5,086 $26 $323 $(31,210)$1,727 $(29,483)
Rainy River304,784 271,743 79,357 4,773 1 946 (52,036)3,548 (48,488)
Las Chispas186,893 35,093 39,626 3,349 466 198 108,161 3,416 111,577 
Palmarejo159,573 61,285 6,086 7,347 351 770 83,734 (1,018)82,716 
Rochester140,778 58,907 13,691 1,358 386 2,293 64,143 (781)63,362 
Kensington87,337 48,180 8,220 2,337 353 451 27,796 (98)27,698 
Wharf72,899 21,813 1,261 1,796 316 (9,292)57,005 (49)56,956 
Silvertip— — 934 6,281 — 3,710 (10,925)(65)(10,990)
Other— — 433 1,768 20,795 7,158 (30,154)(8,103)(38,257)
Total$1,085,592 $549,747 $255,985 $34,095 $22,694 $6,557 $216,514 $(1,423)$215,091 

(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 InformationGold SalesSilver SalesCopper SalesRevenue
Segment Assets(1)
Capital Expenditures
New Afton$62,553 $1,804 $68,971 $133,328 $5,949,685 $11,826 
Rainy River294,587 10,197 — 304,784 3,709,521 57,097 
Las Chispas73,994 112,899 — 186,893 1,630,214 16,263 
Palmarejo52,330 107,243 — 159,573 312,927 7,142 
Rochester52,403 88,375 — 140,778 1,351,331 17,878 
Kensington87,321 16 — 87,337 263,868 12,159 
Wharf71,804 1,095 — 72,899 168,966 (1,913)
Silvertip— — — — 230,036 5,141 
Other— — — — 78,185 116 
Total$694,992 $321,629 $68,971 $1,085,592 $13,694,733 $125,709 

(1) Segment assets include receivables, prepaids, inventories, property, plant and equipment, mineral interests, and goodwill.
Three Months Ended June 30, 2025
Segment Profit (Loss)Revenue
Costs applicable to sales(1)
AmortizationExplorationGeneral and AdministrativePre-development, reclamation, and otherIncome (loss) from operations
Other non-operating income (expense)(2)
Income (loss) before income and
mining taxes
Las Chispas$102,650 $57,747 $22,375 $3,262 $92 $833 $18,341 $820 $19,161 
Palmarejo114,139 48,703 9,406 4,014 447 2,542 49,027 (1,348)47,679 
Rochester94,977 47,928 16,748 1,224 343 2,308 26,426 (2,763)23,663 
Kensington89,766 46,083 10,221 1,535 304 318 31,305 (256)31,049 
Wharf79,118 28,993 1,549 3,479 273 845 43,979 (48)43,931 
Silvertip— — 928 9,228 — 2,929 (13,085)(84)(13,169)
Other— — 194 514 11,791 3,386 (15,885)(3,108)(18,993)
Total$480,650 $229,454 $61,421 $23,256 $13,250 $13,161 $140,108 $(6,787)$133,321 

(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 InformationGold SalesSilver SalesRevenue
Segment Assets(1)
Capital Expenditures
Las Chispas$53,125 $49,525 $102,650 $1,725,990 $9,200 
Palmarejo56,067 58,072 114,139 308,483 5,643 
Rochester46,267 48,710 94,977 1,253,548 24,466 
Kensington89,726 40 89,766 246,478 16,318 
Wharf77,929 1,189 79,118 124,995 3,591 
Silvertip— — — 221,675 1,528 
Other— — — 58,061 61 
Total$323,114 $157,536 $480,650 $3,939,230 $60,807 
(1) Segment assets include receivables, prepaids, inventories, property, plant and equipment, mineral interests, and goodwill.
Six Months Ended June 30, 2026
Segment Profit (Loss)Revenue
Costs applicable to sales(1)
AmortizationExplorationGeneral and AdministrativePre-development, reclamation, and otherIncome (loss) from operations
Other non-operating income (expense)(2)
Income (loss) before income and
mining taxes
New Afton$171,143 $88,965 $120,591 $5,374 $(31)$1,219 $(44,975)$2,680 $(42,295)
Rainy River401,203 364,187 96,046 5,210 108 3,031 (67,379)6,141 (61,238)
Las Chispas380,524 66,551 74,945 6,847 881 411 230,889 7,773 238,662 
Palmarejo347,833 112,533 12,875 11,956 703 1,578 208,188 (1,079)207,109 
Rochester322,182 112,690 29,734 2,287 773 4,518 172,180 (1,729)170,451 
Kensington196,133 95,993 16,889 4,810 704 558 77,179 (214)76,965 
Wharf122,766 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 InformationGold SalesSilver SalesCopper SalesRevenue
Segment Assets(1)
Capital Expenditures
New Afton$81,040 $2,360 $87,743 $171,143 $5,949,685 $11,826 
Rainy River388,803 12,400 — 401,203 3,709,521 63,515 
Las Chispas146,359 234,165 — 380,524 1,630,214 28,793 
Palmarejo116,808 231,025 — 347,833 312,927 15,650 
Rochester120,643 201,539 — 322,182 1,351,331 40,710 
Kensington196,140 (7)— 196,133 263,868 21,296 
Wharf120,421 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.
Six Months Ended June 30, 2025
Segment Profit (Loss)Revenue
Costs applicable to sales(1)
AmortizationExplorationGeneral and AdministrativePre-development, reclamation, and otherIncome (loss) from operations
Other non-operating income (expense)(2)
Income (loss) before income and
mining taxes
Las Chispas$160,669 $100,581 $31,311 $5,140 $102 $890 $22,645 $1,231 $23,876 
Palmarejo209,945 92,406 18,587 7,874 941 3,677 86,460 (2,021)84,439 
Rochester177,603 96,464 31,655 2,691 667 4,738 41,388 (5,455)35,933 
Kensington155,009 88,239 17,692 4,836 594 598 43,050 (518)42,532 
Wharf137,486 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 InformationGold SalesSilver SalesRevenue
Segment Assets(1)
Capital Expenditures
Las Chispas$81,007 $79,662 $160,669 $1,725,990 $14,538 
Palmarejo99,762 110,183 209,945 308,483 11,500 
Rochester88,050 89,553 177,603 1,253,548 39,319 
Kensington154,933 76 155,009 246,478 31,791 
Wharf134,689 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.
Geographic Information
Long-Lived Assets June 30, 2026December 31, 2025
United States$1,337,930 $1,315,939 
Mexico1,763,387 1,815,259 
Canada9,687,398 239,265 
Other233 233 
Total$12,788,948 $3,370,696 
Consolidated Assets
Assets June 30, 2026December 31, 2025
Total assets for reportable segments$13,694,733 $3,928,905 
Cash and cash equivalents1,052,274 553,597 
Other assets456,738 213,180 
Total consolidated assets$15,203,745 $4,695,682 
Revenue from External Customers by Geographic Areas
RevenueThree months ended June 30,Six months ended June 30,
2026202520262025
United States$301,014 $263,861 $641,081 $470,098 
Mexico346,466 216,789 728,357 370,614 
Canada438,112 — 572,346 — 
Total$1,085,592 $480,650 $1,941,784 $840,712 
v3.26.1
Receivables (Tables)
 6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Receivables Receivables consist of the following:
In thousandsJune 30, 2026December 31, 2025
Current receivables:
Trade receivables$14,153 $18,181 
VAT receivable45,663 37,100 
Income tax receivable - federal9,972 11,931 
Deferred cash consideration (1)
834 834 
Other2,940 1,114 
$73,562 $69,160 
Non-current receivables:
Other tax receivable (2)
$7,535 $6,488 
Contingent consideration (3)
13,195 13,195 
$20,730 $19,683 
Total receivables$94,292 $88,843 
(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.
(3) Represents the fair value of the contingent consideration associated with the sale of Sterling/Crown exploration properties, which included the right to an additional payment of $50.0 million based on gold resources reported in the Sterling/Crown exploration properties by the buyer, its affiliates or its successors. 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.
v3.26.1
Inventory and Ore on Leach Pads (Tables)
 6 Months Ended
Jun. 30, 2026
Inventory Disclosure [Abstract]  
Inventories Inventory consists of the following:
In thousandsJune 30, 2026December 31, 2025
Inventory:
Concentrate$21,684 $3,507 
Stockpile ore (1)
178,392 85,450 
Precious metals54,352 15,164 
Supplies128,992 59,209 
$383,420 $163,330 
Ore on Leach Pads:
Current$207,939 $157,461 
Non-current162,042 119,446 
$369,981 $276,907 
Long-term Stockpile (2)
$281,078 $42,076 
Total Inventory and Ore on Leach Pads$1,034,479 $482,313 
    
(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 $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.
v3.26.1
Property, Plant and Equipment (Tables)
 6 Months Ended
Jun. 30, 2026
Property, Plant and Equipment [Abstract]  
Property, plant and equipment
Property, plant and equipment and mining properties, net consist of the following:
In thousandsJune 30, 2026December 31, 2025
Mine development$2,124,075 $1,657,873 
Mineral interests9,912,250 1,683,564 
Land84,694 9,961 
Facilities and equipment(1)
2,748,233 1,741,055 
Construction in progress148,079 129,662 
Total$15,017,331 $5,222,115 
Accumulated depreciation, depletion and amortization(2)
(2,854,195)(2,477,231)
Property, plant and equipment and mining properties, net$12,163,136 $2,744,884 
(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.
v3.26.1
Debt (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Long term debt and capital lease obligations
June 30, 2026December 31, 2025
In thousandsCurrentNon-CurrentCurrentNon-Current
2029 Senior Notes, net(1)
$— $291,158 $— $290,792 
2032 Senior Notes, net(2)
— 396,596 — — 
New Gold 2032 Senior Notes, net— 13,690 — — 
BOA Revolving Credit Facility(3)
— — — — 
Finance lease obligations2,388 1,459 16,996 32,745 
$2,388 $702,903 $16,996 $323,537 
(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.
Interest Expenses Incurred for Various Debt Instruments [Table Text Block]
Interest Expense
Three Months Ended June 30,Six Months Ended June 30,
In thousands2026202520262025
2029 Senior Notes$3,756 $3,755 $7,511 $7,511 
2032 Senior Notes4,232 — 4,232 — 
New Gold 2032 Senior Notes1,789 — 2,521 — 
Revolving Credit Facility610 2,434 982 6,639 
Finance lease obligations314 1,561 1,098 3,219 
Amortization of debt issuance costs421 581 1,263 1,162 
Other obligations208 314 353 959 
Capitalized interest(320)(394)(507)(789)
Total interest expense, net of capitalized interest$11,010 $8,251 $17,453 $18,701 
v3.26.1
Reclamation (Tables)
 6 Months Ended
Jun. 30, 2026
Asset Retirement Obligation Disclosure [Abstract]  
Asset Retirement Obligation
Changes to the Company’s asset retirement obligations for its operating sites are as follows:
Three Months Ended June 30,Six Months Ended June 30,
In thousands2026202520262025
Asset retirement obligation - Beginning$420,051 $272,512 $277,511 $260,492 
Accretion6,088 4,900 10,927 9,632 
Additions and changes to estimates— — 139,159 8,644 
Settlements(2,676)(2,380)(4,134)(3,736)
Asset retirement obligation - Ending$423,463 $275,032 $423,463 $275,032 
v3.26.1
Income and Mining Taxes (Tables)
 6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Schedule of Components of Income 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,
2026202520262025
In thousandsIncome (loss) before taxTax (expense) benefitIncome (loss) before taxTax (expense) benefitIncome (loss) before taxTax (expense) benefitIncome (loss) before taxTax (expense) benefit
United States$122,619 $(40,034)$82,138 $(15,229)$261,792 $(70,676)$102,463 $(20,534)
Canada(101,258)29,955 (15,099)(693)(142,825)38,336 (25,051)(811)
Mexico193,907 (83,159)66,879 (46,673)445,267 (162,852)107,969 (59,663)
Other jurisdictions(177)— (597)— (428)— (294)— 
$215,091 $(93,238)$133,321 $(62,595)$563,806 $(195,192)$185,087 $(81,008)
v3.26.1
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of Grants Awarded
The following table summarizes the grants awarded during the six months ended June 30, 2026:

Grant dateRestricted
stock		Grant date fair
value of
restricted stock		Performance
shares units		Grant date fair
value of
performance
share units
February 20, 2026635,144 $24.63 82,493 $36.74 
February 20, 2026— $— 247,466 $40.86 
April 9, 20261,222,580 $19.72 — $— 
April 16, 2026513,600 $19.51 15,615 $36.74 
April 16, 2026— $— 46,829 $40.86 
v3.26.1
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Adjustments to Comprehensive income (Loss)
Three Months Ended June 30,Six Months Ended June 30,
In thousands2026202520262025
Acquired bullion and metal inventory monetization— 4 $— $(342)
Fair value adjustments, net$— $4 $— $(342)
Financial assets and liabilities measured at fair value on recurring basis
The following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis (at least annually) by level within the fair value hierarchy. 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 June 30, 2026
In thousandsTotalLevel 1Level 2Level 3  
Assets:
Provisional metal sales contracts$317 $— $317 $— 
Gold and copper swap contracts3,711 — $3,711 — 
$4,028 $— $4,028 $— 
Liabilities:
Provisional metal sales contracts$3,322 $— $3,322 $— 
Gold and copper swap contracts$570 $— $570 $— 
$3,892 $— $3,892 $— 
 
Fair Value at December 31, 2025
In thousandsTotalLevel 1Level 2Level 3  
Assets:
Provisional metal sales contracts$1,103 $— $1,103 $— 
Liabilities:
Provisional metal sales contracts$124 $— $124 $— 
Financial Assets and Liabilities not Measured at Fair Value
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 thousandsBook ValueFair ValueLevel 1Level 2Level 3  
Liabilities:
2029 Senior Notes, net(1)
$291,158 $288,855 $— $288,855 $— 
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 thousandsBook ValueFair ValueLevel 1Level 2Level 3  
Liabilities:
2029 Senior Notes, net(1)
$290,792 $289,232 $— $289,232 $— 
Deferred Cash Due 2026$4,829 $4,852 $— $4,852 $— 
(1) Net of unamortized debt issuance costs of $2.3 million.
v3.26.1
Derivative Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair value of the derivative instruments
The following summarizes the classification of the fair value of the derivative instruments:
June 30, 2026
In thousandsPrepaid expenses and otherAccrued liabilities and other
Provisional gold and copper sales contracts$317 $3,322 
Gold and copper swap contracts$3,711 $570 
December 31, 2025
In thousandsPrepaid expenses and otherAccrued liabilities and other
Provisional metal sales contracts$1,103 $124 
Derivative instruments, future settlement
At June 30, 2026, the Company had the following derivative instruments that settle as follows:
In thousands except average prices and gold notional ounces20262027 and Thereafter
Provisional gold sales contracts$68,029 — 
Average gold price per ounce$4,244 — 
Notional ounces16,030 — 
Provisional copper sales contracts$24,536 — 
Average copper price per pound$6.07 — 
Notional pounds4,044 — 
Gold swap contracts$23,895 — 
Average gold price per ounce$4,779 — 
Notional ounces5,000 — 
Copper swap contracts$26,183 — 
Average copper price per pound$5.94 — 
Notional pounds4,044 — 
Gain losses on derivative instruments
The following represent mark-to-market gains (losses) on derivative instruments in the three and six months ended June 30, 2026 and 2025, respectively (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
Financial statement lineDerivative2026202520262025
RevenueProvisional gold sales contracts$(2,648)$(122)$(4,058)$85 
RevenueProvisional copper sales contracts5,944 — 6,842 — 
RevenueGold swap contracts8,267 — 9,211 — 
RevenueCopper swap contracts(5,173)— (5,008)— 
$6,390 $(122)$6,987 $85 
v3.26.1
Additional Comprehensive Income (Loss) Detail (Tables)
 6 Months Ended
Jun. 30, 2026
Other Income and Expenses [Abstract]  
Schedule of Other Operating Cost and Expense, by Component
Pre-development, reclamation, and other consists of the following:
Three Months Ended June 30,Six Months Ended June 30,
In thousands2026202520262025
Silvertip ongoing carrying costs$3,242 $2,423 $6,508 $5,050 
Loss on sale of assets19 120 45 303 
Asset retirement accretion6,088 4,900 10,927 9,632 
Kensington royalty settlement(1)
— — — (95)
Transaction and integration costs3,954 2,823 23,864 11,710 
Obligor exchange2,464 — 2,464 — 
Wharf property damage proceeds(1)
(10,000)— (10,000)— 
Other790 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 the Wharf property damage proceeds.
Schedule of Nonoperating Income (Expense)
Other, net consists of the following:
Three Months Ended June 30,Six Months Ended June 30,
In thousands2026202520262025
Foreign exchange gain (loss)$3,856 $246 $4,734 $(512)
Flow-through shares— 112 — 741 
RMC bankruptcy distribution— 37 — 37 
Interest income4,661 78 10,886 399 
Other1,390 987 1,829 1,201 
Other, net$9,907 $1,460 $17,449 $1,866 
v3.26.1
Net Income (Loss) Per Share (Tables)
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
Three Months Ended June 30,Six Months Ended June 30,
In thousands except per share amounts2026202520262025
Net income available to common stockholders$121,853 $70,726 $368,614 $104,079 
Weighted average shares:
Basic1,029,300 637,173 860,864 576,176 
Effect of stock-based compensation plans5,126 5,903 6,553 6,244 
Diluted1,034,426 643,076 867,417 582,420 
Income per share:
Basic$0.12 $0.11 $0.43 $0.18 
Diluted$0.12 $0.11 $0.42 $0.18 
Schedule of Repurchase Agreements
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,
2026202520262025
Shares repurchased5,982,312 216,500 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
v3.26.1
Supplemental Guarantor Information (Tables)
 6 Months Ended
Jun. 30, 2026
Condensed Financial Information Disclosure [Abstract]  
Condensed Balance Sheet
SUMMARIZED BALANCE SHEET
Coeur Mining, Inc.Subsidiary Guarantors
In thousandsJune 30, 2026
December 31, 2025(1)
June 30, 2026
December 31, 2025((1)
Current assets$384,440 $375,741 $996,431 $291,673 
Non-current assets(2)
$8,487,248 $1,110,145 $11,462,792 $1,494,435 
Non-guarantor intercompany assets$4,885 $3,008 $— $— 
Current liabilities$23,351 $33,646 $295,365 $166,385 
Non-current liabilities$747,643 $311,921 $3,129,631 $216,889 
Non-guarantor intercompany liabilities$288,014 $1,423 $— $1,608 
(1) Financial information excludes 1561611 B.C. Ltd., Coeur Silvertip Holdings Ltd., and New Gold Inc., which were added as subsidiary guarantors in the second quarter of 2026.
(2) Coeur Mining, Inc.’s non-current assets include its investment in Guarantor Subsidiaries.
Schedule of Comprehensive Income (Loss)
SUMMARIZED STATEMENTS OF INCOME
SIX MONTHS ENDED JUNE 30, 2026
In thousandsCoeur Mining, Inc.Subsidiary Guarantors
Revenue$— $1,213,427 
Gross profit (loss)$(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 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., 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.
SUMMARIZED BALANCE SHEET
Coeur Mining, Inc.Subsidiary Guarantors
In thousandsJune 30, 2026June 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 thousandsCoeur 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. of the New Gold 2032 Senior Notes. The following schedules present summarized financial information of New Gold Inc. 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 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. See Note 8 -- Debt for additional details.
SUMMARIZED BALANCE SHEET
New Gold Inc.
In thousandsJune 30, 2026
Current assets$620,586 
Non-current assets$9,681,447 
Non-guarantor intercompany assets$— 
Current liabilities$133,879 
Non-current liabilities$2,903,988 
Non-guarantor intercompany liabilities$— 


SUMMARIZED STATEMENTS OF INCOME
SIX MONTHS ENDED JUNE 30, 2026
In thousandsNew Gold Inc.
Revenue$899,185 
Gross profit$111,246 
Net income$(83,427)
v3.26.1
Commitment and Contingencies (Tables)
 6 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Summary of Contract Liability
The following table presents a roll forward of the Franco-Nevada contract liability balance:
Three Months Ended June 30,Six Months Ended June 30,
In thousands2026202520262025
Opening Balance$5,562 $6,230 $5,722 $6,382 
Revenue Recognized(138)(192)(298)(344)
Closing Balance$5,424 $6,038 $5,424 $6,038 
The following table presents a roll forward of the prepayment contract liability balance:
Three Months Ended June 30,Six Months Ended June 30,
In thousands2026202520262025
Opening Balance$— $— $— $42,164 
Additions— — — — 
Revenue Recognized— — — (42,164)
Closing Balance$— $— $— $— 
v3.26.1
Additional Balance Sheet Detail and Supplemental Cash Flow Information (Tables)
 6 Months Ended
Jun. 30, 2026
Supplemental Cash Flow Information [Abstract]  
Schedule of Accrued Liabilities [Table Text Block]
Accrued liabilities and other consist of the following:
In thousandsJune 30, 2026December 31, 2025
Accrued salaries and wages$58,154 $42,354 
Deferred revenue (1)
736 683 
Income and mining taxes91,239 116,230 
Deferred Cash Due 2026(2)
5,000 4,829 
Accrued operating costs12,296 12,506 
Unrealized losses on derivatives1,350 124 
Taxes other than income and mining12,001 17,465 
Accrued interest payable13,225 6,060 
Operating lease liabilities7,865 11,962 
Accrued liabilities and other$201,866 $212,213 
(1) See Note 17 -- Commitments and Contingencies for additional details on deferred revenue liabilities.
(2) See Note 12 -- Fair Value Measurements for additional details on Deferred Cash Due 2026. Payment provided in July 2026 to satisfy the contractual obligation.
Schedule of Cash Flow, Supplemental Disclosures
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 and six months ended June 30, 2026 and 2025:
In thousandsJune 30, 2026June 30, 2025
Cash and cash equivalents$1,052,274 $111,646 
Restricted cash equivalents(1)
3,608 1,824 
Total cash, cash equivalents and restricted cash shown in the statement of cash flows$1,055,882 $113,470 
(1) Restricted cash equivalents are included in Prepaid expenses and other and Restricted assets on the Condensed Consolidated Balance Sheet.
v3.26.1
Summary of Significant Accounting Policies (Details) - oz
Jun. 30, 2026
Dec. 31, 2025
Accounting Policies [Abstract]    
Recoverable ounces of ore on leachpads 72,851 9,700,000
v3.26.1
Acquisitions - Narrative (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 18 Months Ended
Mar. 20, 2026
Nov. 02, 2025
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Dec. 31, 2025
Business Combination [Line Items]                
Common stock, shares issued (in shares)     1,028,536,378   1,028,536,378   1,028,536,378 642,092,761
Common stock, shares outstanding (in shares)     1,028,536,378   1,028,536,378   1,028,536,378 642,092,761
Inventories     $ 24,463 $ 14,125 $ 51,266 $ 22,473    
Fair value adjustments, net, pretax     0 (4) 0 342    
Acquisition related costs     3,954 2,823 23,864 11,710    
Business Combination, Total Transaction Costs         23,900   $ 38,100  
Revenue     1,085,592 $ 480,650 1,941,784 840,712    
NewGold                
Business Combination [Line Items]                
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent     (52,000)   (69,900)      
NewGold | Metal sales                
Business Combination [Line Items]                
Revenue     438,100   $ 572,300      
SilverCrest                
Business Combination [Line Items]                
Inventories           $ 72,000    
NewGold                
Business Combination [Line Items]                
Common stock, shares issued (in shares) 392,682,578              
Common stock, shares outstanding (in shares) 392,682,578              
Common shares issued (value) $ 6,900,000   $ 6,938,701          
Company Subsidary                
Business Combination [Line Items]                
Common stock portion, number of Coeur stock for each share of Silvercrest common stock converted (in shares)   0.4959            
v3.26.1
Acquisitions - Purchase Price Allocation (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 6 Months Ended
Mar. 20, 2026
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Dec. 31, 2025
Assets:              
Short-term receivables   $ 13,669       $ 13,669  
Long-term stockpile [1]   281,078       281,078 $ 42,076
LIABILITIES              
Goodwill   $ 625,812       $ 625,812 $ 625,812
Common stock, shares issued (in shares)   1,028,536,378       1,028,536,378 642,092,761
Stock options exercised (in shares)           77,616  
Common Stock              
LIABILITIES              
Stock options exercised (in shares)   32,000 45,000 2,139,000      
Common Stock | Royalty Settlement [Domain]              
LIABILITIES              
Common stock issued for investment (in shares)         595,000    
SilverCrest | Common Stock | NewGold Acquisition Replacement Shares              
LIABILITIES              
Common stock issued for investment (in shares)           1,400,000  
NewGold              
Business Combination [Line Items]              
Common shares issued (value) $ 6,900,000 $ 6,938,701          
Total purchase price   6,938,701          
Assets:              
Cash and cash equivalents   128,259       $ 128,259  
Inventory   467,275       467,275  
Prepaid expenses and other   17,379       17,379  
Property, plant and equipment and mining properties   9,585,545       9,585,545  
Long-term stockpile   218,159       218,159  
Other   3,303       3,303  
Total Assets   10,433,589       10,433,589  
LIABILITIES              
Accounts payable   94,179       94,179  
Accrued liabilities and other(1) [2]   45,170       45,170  
Debt   414,767       414,767  
Reclamation   144,443       144,443  
Deferred tax liabilities [3]   2,793,678       2,793,678  
Other long-term liabilities   2,651       2,651  
Total liabilities   3,494,888       3,494,888  
Net assets acquired   $ 6,938,701       $ 6,938,701  
Common stock, shares issued (in shares) 392,682,578            
Shares issued (in dollars per share)   $ 17.67       $ 17.67  
[1] Includes $239.0 million and $42.1 million at Rainy River and Rochester at June 30, 2026, respectively. Includes $42.1 million at Rochester at December 31, 2025
[2] In connection with the transaction, 1.4 million cash-settled replacement restricted units were granted.
[3] Deferred income tax liabilities represent the future tax expense associated with the differences between the fair value allocated to assets and liabilities and a tax basis increase to the fair value of the assets acquired in Canada and the historical carryover tax basis of assets and liabilities in all other jurisdictions.
v3.26.1
Acquisitions - Pro Forma (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
SilverCrest        
Business Combination [Line Items]        
Revenue     $ 2,276,711 $ 1,417,691
NewGold        
Business Combination [Line Items]        
Revenue $ 1,085,592 $ 791,443    
Net income (loss) $ 156,835 $ (48,108) $ 368,559 $ (231,484)
v3.26.1
Segment Reporting (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Segment Reporting Information [Line Items]          
Revenue $ 1,085,592 $ 480,650 $ 1,941,784 $ 840,712  
Total assets for reportable segments 13,694,733   13,694,733   $ 3,928,905
Amortization 255,985 61,421 355,810 104,514  
General and administrative 22,694 13,250 44,356 27,162  
Pre-development, reclamation, and other 6,557 13,161 36,384 30,114  
Income from operations 216,514 140,108 565,684 202,264  
Other, net 9,907 1,460 17,449 1,866  
Income (loss) before income and mining taxes 215,091 133,321 563,806 185,087  
Stock repurchase program (110,422) (2,004)      
Operating Segments          
Segment Reporting Information [Line Items]          
Total assets for reportable segments 13,694,733 [1],[2] 3,939,230 [3],[4] 13,694,733 [1],[2] 3,939,230 [3],[4]  
Capital Expenditures 125,709 60,807 199,788 110,809  
Amortization   61,421   104,514  
General and administrative 22,694 13,250 44,356 27,162  
Pre-development, reclamation, and other 6,557 13,161 36,384 30,114  
Income from operations 216,514 140,108 565,684 202,264  
Other, net (1,423) [5] (6,787) [6] (1,878) [7] (17,177) [8]  
Income (loss) before income and mining taxes 215,091 133,321 563,806 185,087  
New Afton | Operating Segments          
Segment Reporting Information [Line Items]          
Total assets for reportable segments [1],[2] 5,949,685   5,949,685    
Capital Expenditures 11,826   11,826    
Amortization 106,377   120,591    
General and administrative 26   (31)    
Pre-development, reclamation, and other 323   1,219    
Income from operations (31,210)   (44,975)    
Other, net 1,727 [5]   2,680 [7]    
Income (loss) before income and mining taxes (29,483)   (42,295)    
Rainy River | Operating Segments          
Segment Reporting Information [Line Items]          
Total assets for reportable segments [1],[2] 3,709,521   3,709,521    
Capital Expenditures 57,097   63,515    
Amortization 79,357   96,046    
General and administrative 1   108    
Pre-development, reclamation, and other 946   3,031    
Income from operations (52,036)   (67,379)    
Other, net 3,548 [5]   6,141 [7]    
Income (loss) before income and mining taxes (48,488)   (61,238)    
Las Chispas | Operating Segments          
Segment Reporting Information [Line Items]          
Total assets for reportable segments 1,630,214 [2] 1,725,990 [3],[4] 1,630,214 [2] 1,725,990 [3],[4]  
Capital Expenditures 16,263 9,200 28,793 14,538  
Amortization 39,626 22,375 74,945 31,311  
General and administrative 466 92 881 102  
Other operating expenses     411    
Pre-development, reclamation, and other 198 833 411 890  
Income from operations 108,161 18,341 230,889 22,645  
Other, net 3,416 [5] 820 [6] 7,773 [7] 1,231 [8]  
Income (loss) before income and mining taxes 111,577 19,161 238,662 23,876  
Palmarejo | Operating Segments          
Segment Reporting Information [Line Items]          
Total assets for reportable segments 312,927 [2] 308,483 [3],[4] 312,927 [2] 308,483 [3],[4]  
Capital Expenditures 7,142 5,643 15,650 11,500  
Amortization 6,086 9,406 12,875 18,587  
General and administrative 351 447 703 941  
Other operating expenses     1,578    
Pre-development, reclamation, and other 770 2,542 1,578 3,677  
Income from operations 83,734 49,027 208,188 86,460  
Other, net (1,018) [5] (1,348) [6] (1,079) [7] (2,021) [8]  
Income (loss) before income and mining taxes 82,716 47,679 207,109 84,439  
Rochester | Operating Segments          
Segment Reporting Information [Line Items]          
Total assets for reportable segments 1,351,331 [2] 1,253,548 [3],[4] 1,351,331 [2] 1,253,548 [3],[4]  
Capital Expenditures 17,878 24,466 40,710 39,319  
Amortization 13,691 16,748 29,734 31,655  
General and administrative 386 343 773 667  
Other operating expenses     4,518    
Pre-development, reclamation, and other 2,293 2,308 4,518 4,738  
Income from operations 64,143 26,426 172,180 41,388  
Other, net (781) [5] (2,763) [6] (1,729) [7] (5,455) [8]  
Income (loss) before income and mining taxes 63,362 23,663 170,451 35,933  
Kensington | Operating Segments          
Segment Reporting Information [Line Items]          
Total assets for reportable segments 263,868 [2] 246,478 [3],[4] 263,868 [2] 246,478 [3],[4]  
Capital Expenditures 12,159 16,318 21,296 31,791  
Amortization 8,220 10,221 16,889 17,692  
General and administrative 353 304 704 594  
Other operating expenses     558    
Pre-development, reclamation, and other 451 318 558 598  
Income from operations 27,796 31,305 77,179 43,050  
Other, net (98) [5] (256) [6] (214) [7] (518) [8]  
Income (loss) before income and mining taxes 27,698 31,049 76,965 42,532  
Wharf | Operating Segments          
Segment Reporting Information [Line Items]          
Total assets for reportable segments 168,966 [2] 124,995 [3],[4] 168,966 [2] 124,995 [3],[4]  
Capital Expenditures (1,913) 3,591 11,162 10,955  
Amortization 1,261 1,549 2,154 3,023  
General and administrative 316 273 632 535  
Other operating expenses     (8,623)    
Pre-development, reclamation, and other (9,292) 845 (8,623) 1,771  
Income from operations 57,005 43,979 84,810 70,019  
Other, net (49) [5] (48) [6] (123) [7] (189) [8]  
Income (loss) before income and mining taxes 56,956 43,931 84,687 69,830  
Silvertip | Operating Segments          
Segment Reporting Information [Line Items]          
Total assets for reportable segments 230,036 [2] 221,675 [3],[4] 230,036 [2] 221,675 [3],[4]  
Capital Expenditures 5,141 1,528 6,720 2,382  
Amortization 934 928 1,890 1,874  
General and administrative 0 0 0 0  
Other operating expenses     7,437    
Pre-development, reclamation, and other 3,710 2,929 7,437 6,007  
Income from operations (10,925) (13,085) (24,843) (23,216)  
Other, net (65) [5] (84) [6] (242) [7] 13 [8]  
Income (loss) before income and mining taxes (10,990) (13,169) (25,085) (23,203)  
Other Mining Properties | Operating Segments          
Segment Reporting Information [Line Items]          
Total assets for reportable segments 78,185 [1],[2] 58,061 [3],[4] 78,185 [1],[2] 58,061 [3],[4]  
Capital Expenditures 116 61 116 324  
Amortization 433 194 686 372  
General and administrative 20,795 11,791 40,586 24,323  
Other operating expenses     26,255    
Pre-development, reclamation, and other 7,158 3,386 26,255 12,433  
Income from operations (30,154) (15,885) (70,365) (38,082)  
Other, net (8,103) [5] (3,108) [6] (15,085) [7] (10,238) [8]  
Income (loss) before income and mining taxes (38,257) (18,993) (85,450) (48,320)  
Gold sales | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 694,992 323,114 1,170,214 558,441  
Gold sales | New Afton | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 62,553   81,040    
Gold sales | Rainy River | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 294,587   388,803    
Gold sales | Las Chispas | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 73,994 53,125 146,359 81,007  
Gold sales | Palmarejo | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 52,330 56,067 116,808 99,762  
Gold sales | Rochester | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 52,403 46,267 120,643 88,050  
Gold sales | Kensington | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 87,321 89,726 196,140 154,933  
Gold sales | Wharf | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 71,804 77,929 120,421 134,689  
Gold sales | Silvertip | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 0 0 0 0  
Gold sales | Other Mining Properties | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 0 0 0 0  
Silver sales | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 321,629 157,536 683,827 282,271  
Silver sales | New Afton | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 1,804   2,360    
Silver sales | Rainy River | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 10,197   12,400    
Silver sales | Las Chispas | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 112,899 49,525 234,165 79,662  
Silver sales | Palmarejo | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 107,243 58,072 231,025 110,183  
Silver sales | Rochester | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 88,375 48,710 201,539 89,553  
Silver sales | Kensington | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 16 40 (7) 76  
Silver sales | Wharf | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 1,095 1,189 2,345 2,797  
Silver sales | Silvertip | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 0 0 0 0  
Silver sales | Other Mining Properties | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 0 0 0 0  
Metal sales | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 1,085,592 480,650 1,941,784 840,712  
Metal sales | New Afton | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 133,328   171,143    
Metal sales | Rainy River | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 304,784   401,203    
Metal sales | Las Chispas | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 186,893 102,650 380,524 160,669  
Metal sales | Palmarejo | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 159,573 114,139 347,833 209,945  
Metal sales | Rochester | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 140,778 94,977 322,182 177,603  
Metal sales | Kensington | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 87,337 89,766 196,133 155,009  
Metal sales | Wharf | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 72,899 79,118 122,766 137,486  
Metal sales | Silvertip | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 0 0 0 0  
Metal sales | Other Mining Properties | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 0 0 0 0  
Product          
Segment Reporting Information [Line Items]          
Costs applicable to sales [10] 549,747 [9] 229,454 879,756 433,720  
Product | Operating Segments          
Segment Reporting Information [Line Items]          
Costs applicable to sales   229,454 [11]   433,720 [12]  
Product | New Afton | Operating Segments          
Segment Reporting Information [Line Items]          
Costs applicable to sales 52,726 [9]   88,965 [13]    
Product | Rainy River | Operating Segments          
Segment Reporting Information [Line Items]          
Costs applicable to sales 271,743 [9]   364,187 [13]    
Product | Las Chispas | Operating Segments          
Segment Reporting Information [Line Items]          
Costs applicable to sales 35,093 [9] 57,747 [11] 66,551 [13] 100,581 [12]  
Product | Palmarejo | Operating Segments          
Segment Reporting Information [Line Items]          
Costs applicable to sales 61,285 [9] 48,703 [11] 112,533 [13] 92,406 [12]  
Product | Rochester | Operating Segments          
Segment Reporting Information [Line Items]          
Costs applicable to sales 58,907 [9] 47,928 [11] 112,690 [13] 96,464 [12]  
Product | Kensington | Operating Segments          
Segment Reporting Information [Line Items]          
Costs applicable to sales 48,180 [9] 46,083 [11] 95,993 [13] 88,239 [12]  
Product | Wharf | Operating Segments          
Segment Reporting Information [Line Items]          
Costs applicable to sales 21,813 [9] 28,993 [11] 38,837 [13] 56,030 [12]  
Product | Silvertip | Operating Segments          
Segment Reporting Information [Line Items]          
Costs applicable to sales 0 [9] 0 [11] 0 [13] 0 [12]  
Product | Other Mining Properties | Operating Segments          
Segment Reporting Information [Line Items]          
Costs applicable to sales 0 [9] 0 [11] 0 [13] 0 [12]  
Mineral, Exploration          
Segment Reporting Information [Line Items]          
Costs applicable to sales 34,095 23,256 59,794 42,938  
Mineral, Exploration | Operating Segments          
Segment Reporting Information [Line Items]          
Costs applicable to sales   23,256   42,938  
Mineral, Exploration | New Afton | Operating Segments          
Segment Reporting Information [Line Items]          
Costs applicable to sales 5,086   5,374    
Mineral, Exploration | Rainy River | Operating Segments          
Segment Reporting Information [Line Items]          
Costs applicable to sales 4,773   5,210    
Mineral, Exploration | Las Chispas | Operating Segments          
Segment Reporting Information [Line Items]          
Costs applicable to sales 3,349 3,262 6,847 5,140  
Mineral, Exploration | Palmarejo | Operating Segments          
Segment Reporting Information [Line Items]          
Costs applicable to sales 7,347 4,014 11,956 7,874  
Mineral, Exploration | Rochester | Operating Segments          
Segment Reporting Information [Line Items]          
Costs applicable to sales 1,358 1,224 2,287 2,691  
Mineral, Exploration | Kensington | Operating Segments          
Segment Reporting Information [Line Items]          
Costs applicable to sales 2,337 1,535 4,810 4,836  
Mineral, Exploration | Wharf | Operating Segments          
Segment Reporting Information [Line Items]          
Costs applicable to sales 1,796 3,479 4,956 6,108  
Mineral, Exploration | Silvertip | Operating Segments          
Segment Reporting Information [Line Items]          
Costs applicable to sales 6,281 9,228 15,516 15,335  
Mineral, Exploration | Other Mining Properties | Operating Segments          
Segment Reporting Information [Line Items]          
Costs applicable to sales 1,768 $ 514 2,838 $ 954  
Product, Copper | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 68,971   87,743    
Product, Copper | New Afton | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 68,971   87,743    
Product, Copper | Rainy River | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 0   0    
Product, Copper | Las Chispas | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 0   0    
Product, Copper | Palmarejo | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 0   0    
Product, Copper | Rochester | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 0   0    
Product, Copper | Kensington | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 0   0    
Product, Copper | Wharf | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 0   0    
Product, Copper | Silvertip | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue 0   0    
Product, Copper | Other Mining Properties | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue $ 0   $ 0    
[1] Segment assets include receivables, prepaids, inventories, property, plant and equipment, mineral interests, and goodwill.
[2] Segment assets include receivables, prepaids, inventories, property, plant and equipment, mineral interests, and goodwill
[3] Segment assets include receivables, prepaids, inventories, property, plant and equipment, mineral interests, and goodwill.
[4] Segment assets include receivables, prepaids, inventories, property, plant and equipment, mineral interests, and goodwill
[5] 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.
[6] 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.
[7] 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.
[8] 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.
[9] Excludes amortization.
[10] Excludes amortization.
[11] Excludes amortization.
[12] Excludes amortization.
[13] Excludes amortization.
v3.26.1
Segment Reporting - Assets (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Jun. 30, 2025
Segment Reporting [Abstract]      
Total assets for reportable segments $ 13,694,733 $ 3,928,905  
Cash and cash equivalents 1,052,274 553,597 $ 111,646
Other assets 456,738 213,180  
Total consolidated assets 15,203,745 4,695,682  
Revenues from External Customers and Long-Lived Assets [Line Items]      
Long-Lived Assets 12,788,948 3,370,696  
United States      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Long-Lived Assets 1,337,930 1,315,939  
Mexico      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Long-Lived Assets 1,763,387 1,815,259  
Canada      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Long-Lived Assets 9,687,398 239,265  
Other      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Long-Lived Assets $ 233 $ 233  
v3.26.1
Segment Reporting - Geographic Information (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Revenues from External Customers and Long-Lived Assets [Line Items]    
Long-Lived Assets $ 12,788,948 $ 3,370,696
United States    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Long-Lived Assets 1,337,930 1,315,939
Mexico    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Long-Lived Assets 1,763,387 1,815,259
Canada    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Long-Lived Assets 9,687,398 239,265
Other    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Long-Lived Assets $ 233 $ 233
v3.26.1
Segment Reporting - Revenue (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues from External Customers and Long-Lived Assets [Line Items]        
Revenue $ 1,085,592 $ 480,650 $ 1,941,784 $ 840,712
United States        
Revenues from External Customers and Long-Lived Assets [Line Items]        
Revenue 301,014 263,861 641,081 470,098
Mexico        
Revenues from External Customers and Long-Lived Assets [Line Items]        
Revenue 346,466 216,789 728,357 370,614
Canada        
Revenues from External Customers and Long-Lived Assets [Line Items]        
Revenue $ 438,112 $ 0 $ 572,346 $ 0
v3.26.1
Segment Reporting - Narrative (Details)
 6 Months Ended
Jun. 30, 2026
segment
Segment Reporting [Abstract]  
Number of Reportable Segments 8
Number of Operating Segments 8
v3.26.1
Receivables (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Receivables [Abstract]    
Total receivables $ 94,292 $ 88,843
Receivables - current portion    
Accounts receivable - trade 14,153 18,181
Refundable value added tax 45,663 37,100
Deferred cash consideration [1] 834 834
Accounts receivable - other 2,940 1,114
Receivables, net current portion 73,562 69,160
Receivables - non-current portion    
Other tax receivable [2] 7,535 6,488
Contingent consideration (3) [3] 13,195 13,195
Non-current receivables: 20,730 19,683
State    
Receivables - current portion    
Income tax receivable $ 9,972 $ 11,931
[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.
[3] Represents the fair value of the contingent consideration associated with the sale of Sterling/Crown exploration properties, which included the right to an additional payment of $50.0 million based on gold resources reported in the Sterling/Crown exploration properties by the buyer, its affiliates or its successors. The fair value of the contingent consideration was valued using a discounted cash flow model and is measured at fair value on a non-recurring basis.
v3.26.1
Inventory and Ore on Leach Pads (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Inventory [Line Items]    
Inventory, Finished Goods, Net of Reserves $ 21,684 $ 3,507
Stockpile ore [1] 178,392 85,450
Other Inventory, Net of Reserves 54,352 15,164
Inventory, Supplies, Net of Reserves 128,992 59,209
Inventory 383,420 163,330
Ore on Leach Pad, Current 207,939 157,461
Ore on leach pads, noncurrent 162,042 119,446
Inventory, Ore Stockpiles on Leach Pads, Gross 369,981 276,907
Long-term stockpile [2] 281,078 42,076
Inventory and Ore on Leach Pads 1,034,479 482,313
Las Chispas    
Inventory [Line Items]    
Stockpile ore 90,300 73,600
Kensington    
Inventory [Line Items]    
Stockpile ore 1,800 2,300
Palmarejo    
Inventory [Line Items]    
Stockpile ore 1,100 1,100
Wharf    
Inventory [Line Items]    
Stockpile ore 3,700 8,400
New Afton    
Inventory [Line Items]    
Stockpile ore 7,300  
Rainy River    
Inventory [Line Items]    
Stockpile ore 74,100  
Long-term stockpile 239,000  
Rochester    
Inventory [Line Items]    
Long-term stockpile $ 42,100 $ 42,100
[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 $239.0 million and $42.1 million at Rainy River and Rochester at June 30, 2026, respectively. Includes $42.1 million at Rochester at December 31, 2025
v3.26.1
Property, Plant and Equipment (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Property, plant and equipment    
Operational Mining Properties Gross $ 2,124,075 $ 1,657,873
Mineral Interest 9,912,250 1,683,564
Land 84,694 9,961
Buildings and Improvements, Gross [1] 2,748,233 1,741,055
Property, Plant and Equipment, Gross 15,017,331 5,222,115
Accumulated depreciation and amortization [2] (2,854,195) (2,477,231)
Construction in Progress, Gross 148,079 129,662
Property, plant and equipment and mining properties, net $ 12,163,136 $ 2,744,884
[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 $75.1 million of accumulated amortization related to assets under finance leases at June 30, 2026 and December 31, 2025, respectively.
v3.26.1
Property, Plant and Equipment (Details Textual) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Property, Plant and Equipment [Line Items]    
Finance Lease, Right-of-Use Asset, before Accumulated Amortization $ 11,700 $ 123,800
Construction in Progress, Gross 148,079 129,662
Finance Lease, Right-Of-Use Asset, Accumulated Depreciation $ 10,400 $ 75,100
v3.26.1
Property, Plant and Equipment and Mining Properties, Net (Narrtive) (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Property, Plant and Equipment [Line Items]    
Mineral Interest $ 9,912,250 $ 1,683,564
Accrued liabilities and other 201,866 212,213
Other long-term liabilities $ 87,189 $ 80,519
v3.26.1
Debt (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Debt Instrument [Line Items]    
Debt $ 2,388 $ 16,996
Debt 702,903 323,537
Senior Notes due 2029    
Debt Instrument [Line Items]    
Net unamortized debt issuance costs 2,000 2,300
New Gold 2032 Senior Notes    
Debt Instrument [Line Items]    
Net unamortized debt issuance costs 900  
Senior Notes due 2029    
Debt Instrument [Line Items]    
Book value [1]   290,792
Debt 291,158 [2] 290,792 [3]
Senior Notes Due Two Thousand Thirty Two    
Debt Instrument [Line Items]    
Debt 396,596 [4] 0 [5]
New Gold 2032 Senior Notes    
Debt Instrument [Line Items]    
Debt 13,690 0
Line of Credit    
Debt Instrument [Line Items]    
Debt [6] 0 0
Line of Credit | Revolving Credit Facility    
Debt Instrument [Line Items]    
Debt instrument, unamortized discount 3,700 1,900
Finance Lease Obligations    
Debt Instrument [Line Items]    
Debt 1,459 32,745
Senior Notes due 2029    
Debt Instrument [Line Items]    
Debt [3] 0 0
Senior Notes Due Two Thousand Thirty Two    
Debt Instrument [Line Items]    
Debt [5] 0 0
New Gold 2032 Senior Notes    
Debt Instrument [Line Items]    
Debt 0 0
Line of Credit    
Debt Instrument [Line Items]    
Debt [6] 0 0
Finance Lease Obligations    
Debt Instrument [Line Items]    
Debt $ 2,388 $ 16,996
[1] Net of unamortized debt issuance costs of $2.3 million.
[2] Net of unamortized debt issuance costs of $2.0 million.
[3] Net of unamortized debt issuance costs of $2.0 million and $2.3 million at June 30, 2026 and December 31, 2025, respectively.
[4] Net of unamortized debt issuance costs of $0.9 million
[5] Net of unamortized debt issuance costs of $0.9 million at June 30, 2026.
[6] Unamortized debt issuance costs of $3.7 million and $1.9 million at June 30, 2026 and December 31, 2025, respectively, included in Other Non-Current Assets.
v3.26.1
Debt (Details Textual) - USD ($)
$ in Millions
 1 Months Ended 6 Months Ended
Apr. 22, 2026
Mar. 20, 2026
Mar. 18, 2025
Mar. 31, 2021
Jun. 30, 2026
Jun. 24, 2026
Debt Instrument [Line Items]            
Prepayment of finance leases         $ 42.5  
Financing cash flows from finance leases         39.0  
Gain (loss) on termination of lease         0.3  
Revolving Credit Facility            
Debt Instrument [Line Items]            
Letters of credit outstanding, amount         27.7  
Line of Credit | Revolving Credit Facility            
Debt Instrument [Line Items]            
Amount available subject to debt covenants         $ 972.3  
Senior Notes due 2029            
Debt Instrument [Line Items]            
Debt instrument, face amount       $ 375.0    
Proceeds from debt issuance       $ 367.5    
New Gold 2032 Senior Notes | Unsecured Debt            
Debt Instrument [Line Items]            
Debt instrument, face amount     $ 400.0      
Stated interest rate     6.875%      
Proceeds from issuance of long-term debt     $ 393.7      
Subsidiary guarantee, threshold amount $ 20.0          
Event of default acceleration, threshold amount         25.00%  
New Gold 2032 Senior Notes | Unsecured Debt | Change Of Control            
Debt Instrument [Line Items]            
Redemption price percentage 101.00%          
New Gold 2032 Senior Notes | Unsecured Debt | Asset Sales            
Debt Instrument [Line Items]            
Redemption price percentage 100.00%          
2032 Senior Notes Indenture | Unsecured Debt            
Debt Instrument [Line Items]            
Debt instrument, face amount $ 385.8          
Stated interest rate 6.875%          
Long-term debt outstanding $ 14.2       $ 12.6  
Repurchase amount           $ 1.6
Revolving Credit Facility | Line of Credit | Revolving Credit Facility            
Debt Instrument [Line Items]            
Maximum borrowing capacity   $ 1,000.0        
Line of credit, accordion feature, higher borrowing capacity option   $ 250.0        
Revolving Credit Facility | Line of Credit | Revolving Credit Facility | Consolidated Net Leverage Ratio | Minimum | Base Rate            
Debt Instrument [Line Items]            
Basis spread on variable rate   0.45%        
Revolving Credit Facility | Line of Credit | Revolving Credit Facility | Consolidated Net Leverage Ratio | Minimum | Secured Overnight Financing Rate (SOFR)            
Debt Instrument [Line Items]            
Basis spread on variable rate   1.45%        
Revolving Credit Facility | Line of Credit | Revolving Credit Facility | Consolidated Net Leverage Ratio | Minimum | Daily Simple Secured Overnight Financing Rate (SOFR)            
Debt Instrument [Line Items]            
Basis spread on variable rate   1.45%        
Revolving Credit Facility | Line of Credit | Revolving Credit Facility | Consolidated Net Leverage Ratio | Maximum | Base Rate            
Debt Instrument [Line Items]            
Basis spread on variable rate   1.50%        
Revolving Credit Facility | Line of Credit | Revolving Credit Facility | Consolidated Net Leverage Ratio | Maximum | Secured Overnight Financing Rate (SOFR)            
Debt Instrument [Line Items]            
Basis spread on variable rate   2.50%        
Revolving Credit Facility | Line of Credit | Revolving Credit Facility | Consolidated Net Leverage Ratio | Maximum | Daily Simple Secured Overnight Financing Rate (SOFR)            
Debt Instrument [Line Items]            
Basis spread on variable rate   2.50%        
Revolving Credit Facility | Line of Credit | Revolving Credit Facility | Debt Rating | Minimum | Base Rate            
Debt Instrument [Line Items]            
Basis spread on variable rate   0.125%        
Revolving Credit Facility | Line of Credit | Revolving Credit Facility | Debt Rating | Minimum | Secured Overnight Financing Rate (SOFR)            
Debt Instrument [Line Items]            
Basis spread on variable rate   1.125%        
Revolving Credit Facility | Line of Credit | Revolving Credit Facility | Debt Rating | Minimum | Daily Simple Secured Overnight Financing Rate (SOFR)            
Debt Instrument [Line Items]            
Basis spread on variable rate   1.125%        
Revolving Credit Facility | Line of Credit | Revolving Credit Facility | Debt Rating | Maximum | Base Rate            
Debt Instrument [Line Items]            
Basis spread on variable rate   1.00%        
Revolving Credit Facility | Line of Credit | Revolving Credit Facility | Debt Rating | Maximum | Secured Overnight Financing Rate (SOFR)            
Debt Instrument [Line Items]            
Basis spread on variable rate   2.00%        
Revolving Credit Facility | Line of Credit | Revolving Credit Facility | Debt Rating | Maximum | Daily Simple Secured Overnight Financing Rate (SOFR)            
Debt Instrument [Line Items]            
Basis spread on variable rate   2.00%        
v3.26.1
Debt - Interest Expense (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Debt Instrument [Line Items]        
Finance lease obligations $ 314 $ 1,561 $ 1,098 $ 3,219
Amortization of debt issuance costs 421 581 1,263 1,162
Other obligations 208 314 353 959
Capitalized interest (320) (394) (507) (789)
Total interest expense, net of capitalized interest 11,010 8,251 17,453 18,701
2029 Senior Notes        
Debt Instrument [Line Items]        
Debt instruments 3,756 3,755 7,511 7,511
Senior Notes Due Two Thousand Thirty Two        
Debt Instrument [Line Items]        
Debt instruments 4,232 0 4,232 0
New Gold 2032 Senior Notes        
Debt Instrument [Line Items]        
Debt instruments 1,789 0 2,521 0
Revolving Credit Facility        
Debt Instrument [Line Items]        
Debt instruments $ 610 $ 2,434 $ 982 $ 6,639
v3.26.1
Reclamation (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Dec. 31, 2024
Asset Retirement Obligation Disclosure [Abstract]                
Asset Retirement Obligation $ 423,463 $ 275,032 $ 423,463 $ 275,032 $ 420,051 $ 277,511 $ 272,512 $ 260,492
Asset Retirement Obligation, Accretion Expense, Excluding Held for Sale Disposal Group. 6,088 4,900 10,927 9,632        
Asset Retirement Obligation, Revision of Estimate 0 0 139,159 8,644        
Asset Retirement Obligation, Liabilities Settled $ (2,676) $ (2,380) $ (4,134) $ (3,736)        
v3.26.1
Income and Mining Taxes - Income (Loss) Before Income Taxes (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Tax Examination [Line Items]        
Income (loss) before income and mining taxes $ 215,091 $ 133,321 $ 563,806 $ 185,087
Tax (expense) benefit 93,238 62,595 195,192 81,008
United States        
Income Tax Examination [Line Items]        
United States, Income (loss) before tax 122,619 82,138 261,792 102,463
Tax (expense) benefit (40,034) (15,229) (70,676) (20,534)
Canada        
Income Tax Examination [Line Items]        
Foreign, Income (loss) before tax 101,258 15,099 142,825 25,051
Tax (expense) benefit 29,955 (693) 38,336 (811)
Mexico        
Income Tax Examination [Line Items]        
Foreign, Income (loss) before tax (193,907) (66,879) (445,267) (107,969)
Tax (expense) benefit (83,159) (46,673) (162,852) (59,663)
Other jurisdictions        
Income Tax Examination [Line Items]        
Foreign, Income (loss) before tax 177 597 428 294
Tax (expense) benefit $ 0 $ 0 $ 0 $ 0
v3.26.1
Income and Mining Taxes - Narrative (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Income Tax Disclosure [Abstract]          
Income and mining tax (expense) benefit $ (93,238) $ (62,595) $ (195,192) $ (81,008)  
Income and mining tax (expense) benefit 43.30% 47.00%      
Unrecognized tax benefits $ 34,800   34,800   $ 34,400
Income-tax related interest and penalties 17,600   17,600   $ 15,300
Increase (decrease) income tax expense 10,400 $ (28,300)      
Change in deferred tax asset, valuation allowance 0   (1,000)    
Deferred tax asset, net of valuation allowance $ 56,000   $ 56,000    
v3.26.1
Stock-Based Compensation - Narrative (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Unrecognized stock-based compensation cost $ 30.0   $ 30.0  
Unrecognized stock-based compensation cost, weighted-average period recognized     2 years  
Stock options exercised (in shares)     (77,616)  
Weighted average exercise price, options (in dollars per share)     $ 21.31  
Annual Incentive Plan and Long Term Incentive Plan        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Compensation expense for stock based compensation awards $ 8.4 $ 4.2 $ 17.0 $ 7.5
v3.26.1
Stock-Based Compensation - Summary of Grants Awarded (Details)
 6 Months Ended
Jun. 30, 2026
$ / shares
shares
Restricted stock | February 20, 2026, Tranche 1  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Restricted stock | shares 635,144
Grant date fair value of restricted stock | $ / shares $ 24.63
Restricted stock | February 20, 2026, Tranche 2  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Restricted stock | shares 0
Grant date fair value of restricted stock | $ / shares $ 0
Restricted stock | April 16, 2026, Tranche 1  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Restricted stock | shares 513,600
Grant date fair value of restricted stock | $ / shares $ 19.51
Restricted stock | April 16, 2026, Tranche 2  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Restricted stock | shares 0
Grant date fair value of restricted stock | $ / shares $ 0
Restricted stock | April 9, 2026, Tranche 1  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Restricted stock | shares 1,222,580
Grant date fair value of restricted stock | $ / shares $ 19.72
Performance shares units | February 20, 2026, Tranche 1  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Performance shares units | shares 82,493
Grant date fair value of performance share units | $ / shares $ 36.74
Performance shares units | February 20, 2026, Tranche 2  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Performance shares units | shares 247,466
Grant date fair value of performance share units | $ / shares $ 40.86
Performance shares units | April 16, 2026, Tranche 1  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Performance shares units | shares 15,615
Grant date fair value of performance share units | $ / shares $ 36.74
Performance shares units | April 16, 2026, Tranche 2  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Performance shares units | shares 46,829
Grant date fair value of performance share units | $ / shares $ 40.86
Performance shares units | April 9, 2026, Tranche 1  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Performance shares units | shares 0
Grant date fair value of performance share units | $ / shares $ 0
v3.26.1
Fair Value Measurements - Summary of Gain (Loss) Derivative Instruments (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Fair Value Disclosures [Abstract]        
Termination of gold zero cost collars $ 0 $ 4 $ 0 $ (342)
Fair value adjustments, net $ 0 $ 4 $ 0 $ (342)
v3.26.1
Fair Value Measurements - Summary of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets:    
Assets, fair value disclosure $ 4,028  
Liabilities:    
Liabilities, fair value disclosure 3,892  
Level 1    
Assets:    
Assets, fair value disclosure 0  
Liabilities:    
Liabilities, fair value disclosure 0  
Level 2    
Assets:    
Assets, fair value disclosure 4,028  
Liabilities:    
Liabilities, fair value disclosure 3,892  
Level 3      
Assets:    
Assets, fair value disclosure 0  
Liabilities:    
Liabilities, fair value disclosure 0  
Provisional metal sales contracts    
Assets:    
Derivative asset 317 $ 1,103
Liabilities:    
Derivative liability 3,322 124
Provisional metal sales contracts | Level 1    
Assets:    
Derivative asset 0 0
Liabilities:    
Derivative liability 0 0
Provisional metal sales contracts | Level 2    
Assets:    
Derivative asset 317 1,103
Liabilities:    
Derivative liability   124
Provisional metal sales contracts | Level 3      
Assets:    
Derivative asset 0 0
Liabilities:    
Derivative liability 0 $ 0
Gold and copper swap contracts    
Assets:    
Derivative asset 3,711  
Liabilities:    
Derivative liability 570  
Gold and copper swap contracts | Level 1    
Assets:    
Derivative asset 0  
Liabilities:    
Derivative liability 0  
Gold and copper swap contracts | Level 2    
Assets:    
Derivative asset 3,711  
Liabilities:    
Derivative liability 570  
Gold and copper swap contracts | Level 3      
Assets:    
Derivative asset 0  
Liabilities:    
Derivative liability 0  
Provisional gold and copper sales contracts    
Assets:    
Derivative asset 317  
Provisional gold and copper sales contracts | Level 2    
Liabilities:    
Derivative liability $ 3,322  
v3.26.1
Fair Value Measurements - Summary of Assets and Liabilities Carried at Book Value (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt $ 702,903 $ 323,537
Senior Notes due 2029    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Book value [1]   290,792
Debt 291,158 [2] 290,792 [3]
Senior Notes Due Two Thousand Thirty Two    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value of long-term debt 393,765  
Debt 396,596 [4] 0 [5]
New Gold 2032 Senior Notes    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value of long-term debt 12,890  
Debt 13,690 0
Deferred Cash Due Two Thousand Twenty Six    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Book value 5,000 4,829
Portion at Other than Fair Value Measurement | Senior Notes due 2029    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value of long-term debt 288,855 289,232
Portion at Other than Fair Value Measurement | Senior Notes due 2029 | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value of long-term debt 0 0
Portion at Other than Fair Value Measurement | Senior Notes due 2029 | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value of long-term debt 288,855 289,232
Portion at Other than Fair Value Measurement | Senior Notes due 2029 | Level 3      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value of long-term debt 0 0
Portion at Other than Fair Value Measurement | Senior Notes Due Two Thousand Thirty Two | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value of long-term debt 0  
Portion at Other than Fair Value Measurement | Senior Notes Due Two Thousand Thirty Two | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value of long-term debt 393,765  
Portion at Other than Fair Value Measurement | Senior Notes Due Two Thousand Thirty Two | Level 3      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value of long-term debt 0  
Portion at Other than Fair Value Measurement | New Gold 2032 Senior Notes | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value of long-term debt 0  
Portion at Other than Fair Value Measurement | New Gold 2032 Senior Notes | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value of long-term debt 12,890  
Portion at Other than Fair Value Measurement | New Gold 2032 Senior Notes | Level 3      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value of long-term debt 0  
Portion at Other than Fair Value Measurement | Deferred Cash Due Two Thousand Twenty Six    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value of long-term debt 5,000 4,852
Portion at Other than Fair Value Measurement | Deferred Cash Due Two Thousand Twenty Six | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value of long-term debt 0 0
Portion at Other than Fair Value Measurement | Deferred Cash Due Two Thousand Twenty Six | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value of long-term debt 5,000 4,852
Portion at Other than Fair Value Measurement | Deferred Cash Due Two Thousand Twenty Six | Level 3      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value of long-term debt 0 0
Senior Notes due 2029    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Net unamortized debt issuance costs $ 2,000 $ 2,300
[1] Net of unamortized debt issuance costs of $2.3 million.
[2] Net of unamortized debt issuance costs of $2.0 million.
[3] Net of unamortized debt issuance costs of $2.0 million and $2.3 million at June 30, 2026 and December 31, 2025, respectively.
[4] Net of unamortized debt issuance costs of $0.9 million
[5] Net of unamortized debt issuance costs of $0.9 million at June 30, 2026.
v3.26.1
Fair Value Measurements - Narrative (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Jul. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Inventories $ 24,463 $ 14,125 $ 51,266 $ 22,473  
Fair value adjustments, net, pretax 0 $ 4 $ 0 (342)  
Mining Concessions Purchase Agreement Member          
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Cash payment 24 months after closing         $ 5,000
SilverCrest          
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Transaction advisory fees and other acquisition costs $ 72,300        
Inventories       $ 72,000  
v3.26.1
Derivative Financial Instruments - Summary of Provisionally Priced Sales (Details)
$ in Thousands
Jun. 30, 2026
USD ($)
oz
$ / oz
Gold Concentrates Sales Agreements | 2025  
Derivative instruments Settlement  
Notional Amount Derivative | $ $ 68,029
Derivative average price | $ / oz 4,244
Outstanding Provisionally Priced Sales Consists of Gold | oz 16,030
Gold Concentrates Sales Agreements | 2027 and Thereafter  
Derivative instruments Settlement  
Notional Amount Derivative | $ $ 0
Derivative average price | $ / oz 0
Outstanding Provisionally Priced Sales Consists of Gold | oz 0
Copper Concentrates Sales Agreements | 2025  
Derivative instruments Settlement  
Notional Amount Derivative | $ $ 24,536
Derivative average price | $ / oz 6.07
Outstanding Provisionally Priced Sales Consists of Gold | oz 4,044,000
Copper Concentrates Sales Agreements | 2027 and Thereafter  
Derivative instruments Settlement  
Notional Amount Derivative | $ $ 0
Derivative average price | $ / oz 0
Outstanding Provisionally Priced Sales Consists of Gold | oz 0
Gold Concentrates Swap Contracts | 2025  
Derivative instruments Settlement  
Notional Amount Derivative | $ $ 23,895
Derivative average price | $ / oz 4,779
Outstanding Provisionally Priced Sales Consists of Gold | oz 5,000
Gold Concentrates Swap Contracts | 2027 and Thereafter  
Derivative instruments Settlement  
Notional Amount Derivative | $ $ 0
Derivative average price | $ / oz 0
Outstanding Provisionally Priced Sales Consists of Gold | oz 0
Copper Concentrates Swap Contracts | 2025  
Derivative instruments Settlement  
Notional Amount Derivative | $ $ 26,183
Derivative average price | $ / oz 5.94
Outstanding Provisionally Priced Sales Consists of Gold | oz 4,044,000
Copper Concentrates Swap Contracts | 2027 and Thereafter  
Derivative instruments Settlement  
Notional Amount Derivative | $ $ 0
Derivative average price | $ / oz 0
Outstanding Provisionally Priced Sales Consists of Gold | oz 0
v3.26.1
Derivative Financial Instruments - Summary of Classification of Fair Value of Derivative Instruments (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Provisional gold and copper sales contracts    
Fair value of the derivative instruments    
Derivative asset $ 317  
Provisional gold and copper sales contracts | Level 2    
Fair value of the derivative instruments    
Derivative liability 3,322  
Gold and copper swap contracts    
Fair value of the derivative instruments    
Derivative asset 3,711  
Derivative liability 570  
Gold and copper swap contracts | Level 2    
Fair value of the derivative instruments    
Derivative asset 3,711  
Derivative liability 570  
Provisional metal sales contracts    
Fair value of the derivative instruments    
Derivative asset 317 $ 1,103
Derivative liability 3,322 124
Provisional metal sales contracts | Level 2    
Fair value of the derivative instruments    
Derivative asset $ 317 1,103
Derivative liability   $ 124
v3.26.1
Derivative Financial Instruments - Summary of Mark-to-Market Gain (Losses) on Derivative Instruments (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Derivative [Line Items]        
Fair value adjustments, net $ 6,390 $ (122) $ 6,987 $ 85
Gold Concentrates Sales Agreements        
Derivative [Line Items]        
Provisional gain (loss) on derivatives and commodity contracts (2,648) (122) (4,058) 85
Copper Concentrates Sales Agreements        
Derivative [Line Items]        
Provisional gain (loss) on derivatives and commodity contracts 5,944 0 6,842 0
Gold Concentrates Swap Contracts        
Derivative [Line Items]        
Provisional gain (loss) on derivatives and commodity contracts 8,267 0 9,211 0
Copper Concentrates Swap Contracts        
Derivative [Line Items]        
Provisional gain (loss) on derivatives and commodity contracts $ (5,173) $ 0 $ (5,008) $ 0
v3.26.1
Derivative Financial Instruments - Narrative (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Derivative [Line Items]        
Termination of gold zero cost collars $ 0 $ (4) $ 0 $ 342
v3.26.1
Additional Comprehensive Income (Loss) Detail - Summary of Pre-development, reclamation and other (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Business Combination [Line Items]        
Care and maintenance costs $ 3,242 $ 2,423 $ 6,508 $ 5,050
(Gain) loss on sale of assets 19 120 45 303
Accretion 6,088 4,900 10,927 9,632
Acquisition related costs 3,954 2,823 23,864 11,710
Obligor exchange 2,464 0 2,464 0
Wharf property damage proceeds(1) [1] (10,000) 0 (10,000) 0
Other Operating Income (Expense), Net 790 2,895 2,576 3,514
Pre-development, reclamation, and other 6,557 13,161 36,384 30,114
Kensington Royalty Matter        
Business Combination [Line Items]        
Gain (Loss) from Litigation Settlement [1] $ 0   $ 0  
Royalty settlement [1]   $ 0   $ (95)
[1] See Note 17 -- Commitments and Contingencies for additional details on the Kensington royalty settlement and the Wharf property damage proceeds.
v3.26.1
Additional Comprehensive Income (Loss) Detail - Summary of Other Non-Operating (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Other Income and Expenses [Abstract]        
Foreign exchange gain (loss) $ 3,856 $ 246 $ 4,734 $ (512)
Flow-through shares 0 112 0 741
Interest Income, Other 4,661 78 10,886 399
Other Income 1,390 987 1,829 1,201
Other, net 9,907 1,460 17,449 1,866
RMC bankruptcy distribution $ 0 $ 37 $ 0 $ 37
v3.26.1
Net Income (Loss) Per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Earnings Per Share (Textual) [Abstract]              
Number of antidilutive shares of common stock equivalents 800,000   1,100,000   800,000 2,800,000  
Common stock, shares issued (in shares) 1,028,536,378       1,028,536,378   642,092,761
Common stock, par value (in dollars per share) $ 0.01       $ 0.01   $ 0.01
Net Income (Loss) Attributable to Coeur Stockholders              
NET INCOME (LOSS) $ 121,853 $ 246,761 $ 70,726 $ 33,353 $ 368,614 $ 104,079  
Weighted Average Number of Shares Outstanding              
Weighted Average Number of Shares Outstanding, Basic 1,029,300,000   637,173,000   860,864,000 576,176,000  
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements 5,126,000   5,903,000   6,553,000 6,244,000  
Weighted Average Number of Shares Outstanding, Diluted 1,034,426,000   643,076,000   867,417,000 582,420,000  
Basic EPS              
Earnings Per Share, Basic $ 0.12   $ 0.11   $ 0.43 $ 0.18  
Diluted EPS              
Earnings Per Share, Diluted $ 0.12   $ 0.11   $ 0.42 $ 0.18  
v3.26.1
Net Income (Loss) Per Share - Summary of Common Stock Issuance (Details) - $ / shares
Jun. 30, 2026
Dec. 31, 2025
Subsidiary, Sale of Stock [Line Items]    
Common stock, shares issued (in shares) 1,028,536,378 642,092,761
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
v3.26.1
Net Income (Loss) Per Share - Share Repurchase Program (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Mar. 23, 2026
May 27, 2025
Earnings Per Share [Abstract]            
Share repurchase program, authorized, amount         $ 750,000 $ 75,000
Total number of shares purchased (in shares) 5,982,312 216,500 5,982,312 216,500    
Average price paid per share (in dollars per share) $ 18.44 $ 9.24 $ 18.44 $ 9.24    
Total number of shares purchased as part of publicly announced program $ 110,422 $ 2,004 $ 110,422 $ 2,004    
Dividends declared (in dollars per share)     $ 0.02      
v3.26.1
Net Income (Loss) Per Share - Additional Information (Details) - USD ($)
$ / shares in Units, $ in Thousands, shares in Billions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Earnings Per Share [Abstract]        
Dividends declared (in dollars per share)     $ 0.02  
Dividend payments $ 20,645 $ 0 $ 20,645 $ 0
Dividends, qualifying shares (in shares)     1.0  
v3.26.1
Supplemental Guarantor Information Condensed Consolidated Balance Sheets (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Condensed Financial Statements, Captions [Line Items]    
Current assets $ 1,775,287 $ 972,677
Current liabilities 485,887 393,144
Non-current liabilities 4,308,354 989,487
Coeur Mining, Inc. | Subsidiary Guarantors    
Condensed Financial Statements, Captions [Line Items]    
Current assets 384,440 375,741 [1]
Non-current assets [2] 8,487,248 1,110,145 [1]
Non-guarantor intercompany assets 4,885 3,008 [1]
Current liabilities 23,351 33,646 [1]
Non-current liabilities 747,643 311,921 [1]
Non-guarantor intercompany liabilities 288,014 1,423 [1]
Coeur Mining, Inc. | 2032 Subsidiary Guarantors    
Condensed Financial Statements, Captions [Line Items]    
Current assets 384,440  
Non-current assets [3] 8,487,248  
Non-guarantor intercompany assets 4,885  
Current liabilities 23,351  
Non-current liabilities 747,643  
Non-guarantor intercompany liabilities 288,014  
New Gold Inc. | Subsidiary Guarantors    
Condensed Financial Statements, Captions [Line Items]    
Current assets 996,431 291,673 [1]
Non-current assets [2] 11,462,792 1,494,435 [1]
Non-guarantor intercompany assets 0 0 [1]
Current liabilities 295,365 166,385 [1]
Non-current liabilities 3,129,631 216,889 [1]
Non-guarantor intercompany liabilities 0 1,608 [1]
New Gold Inc. | 2032 Subsidiary Guarantors    
Condensed Financial Statements, Captions [Line Items]    
Current assets   996,431
Non-current assets [3]   11,462,792
Non-guarantor intercompany assets   0
Current liabilities   295,365
Non-current liabilities   3,129,631
Non-guarantor intercompany liabilities   $ 0
New Gold Inc. | New Gold, Inc.    
Condensed Financial Statements, Captions [Line Items]    
Current assets 620,586  
Non-current assets [2] 9,681,447  
Non-guarantor intercompany assets 0  
Current liabilities 133,879  
Non-current liabilities 2,903,988  
Non-guarantor intercompany liabilities $ 0  
[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.
[3] Coeur Mining, Inc.’s non-current assets include its investment in Guarantor Subsidiaries.
v3.26.1
Supplemental Guarantor Information Condensed Consolidated Statements of Comprehensive Income (Loss) (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Condensed Financial Statements, Captions [Line Items]            
Revenue $ 1,085,592   $ 480,650   $ 1,941,784 $ 840,712
Net income $ 121,853 $ 246,761 $ 70,726 $ 33,353 368,614 $ 104,079
Coeur Mining, Inc. | Subsidiary Guarantors            
Condensed Financial Statements, Captions [Line Items]            
Revenue         0  
Gross Profit         (445)  
Net income         368,614  
Coeur Mining, Inc. | 2032 Subsidiary Guarantors            
Condensed Financial Statements, Captions [Line Items]            
Revenue         0  
Gross Profit         (445)  
Net income         368,614  
New Gold Inc. | Subsidiary Guarantors            
Condensed Financial Statements, Captions [Line Items]            
Revenue         1,213,427  
Gross Profit         245,213  
Net income         124,203  
New Gold Inc. | 2032 Subsidiary Guarantors            
Condensed Financial Statements, Captions [Line Items]            
Revenue         1,213,427  
Gross Profit         245,213  
Net income         124,203  
New Gold Inc. | New Gold, Inc.            
Condensed Financial Statements, Captions [Line Items]            
Revenue         899,185  
Gross Profit         111,246  
Net income         $ (83,427)  
v3.26.1
Supplemental Guarantor Information - Additional Information (Details) - Unsecured Debt - USD ($)
$ in Millions
Jun. 30, 2026
Jun. 24, 2026
Apr. 22, 2026
Mar. 18, 2025
New Gold 2032 Senior Notes        
Condensed Financial Statements, Captions [Line Items]        
Debt instrument, face amount       $ 400.0
Stated interest rate       6.875%
2032 Senior Notes Indenture        
Condensed Financial Statements, Captions [Line Items]        
Debt instrument, face amount     $ 385.8  
Stated interest rate     6.875%  
Long-term debt outstanding $ 12.6   $ 14.2  
Repurchase amount   $ 1.6    
v3.26.1
Commitments and Contigencies (Details Textual)
 6 Months Ended
Jun. 22, 2026
USD ($)
Oct. 02, 2014
USD ($)
Jun. 30, 2026
USD ($)
oz
Dec. 31, 2025
USD ($)
Business Combination [Line Items]        
Valued-added tax outstanding     $ 30,200,000  
Surety bonds outstanding     526,000,000.0 $ 372,400,000
Insurance recoveries $ 20,000,000      
Property Damage        
Business Combination [Line Items]        
Insurance recoveries 10,000,000      
Business Interruption        
Business Combination [Line Items]        
Insurance recoveries $ 10,000,000      
U.S. Wage and Hour Matter | Settled Litigation        
Business Combination [Line Items]        
Payments for settlements     $ 6,300,000  
Royal Gold Stream Agreement        
Business Combination [Line Items]        
Purchase price, percentage of production, gold     6.50%  
Gold delivery, threshold ounces | oz     230,000  
Purchase price, increase, percentage of production, gold     3.25%  
Purchase price, percentage of production, silver     60.00%  
Silver delivery, threshold, ounces | oz     3,100,000  
Purchase price, increase, percentage of production, silver     30.00%  
Purchase price, percentage of spot price     25.00%  
Gold delivered, ounces | oz     135,477  
Silver delivered, ounces | oz     2,155,142  
Franco-Nevada Gold Stream Agreement        
Business Combination [Line Items]        
Production to be sold, percent   50.00%    
Total consideration   $ 78,000,000.0    
Payments to acquire businesses, gross   75,000,000.0    
Common shares issued (value)   $ 3,000,000.0    
Palmarejo gold production royalty        
Business Combination [Line Items]        
Production to be sold, percent   50.00%    
Price per ounce under agreement   $ 800    
Aggregate deposit to be received   $ 22,000,000.0    
v3.26.1
Commitments and Contingencies - Contract Liability (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Business Combination [Line Items]        
Revenue Recognized $ 138 $ 192 $ 298 $ 42,508
Franco-Nevada        
Business Combination [Line Items]        
Opening Balance 5,562 6,230 5,722 6,382
Revenue Recognized (138) (192) (298) (344)
Closing Balance 5,424 6,038 5,424 6,038
Kensington        
Business Combination [Line Items]        
Opening Balance 0 0 0 42,164
Additions 0 0 0 0
Revenue Recognized 0 0 0 (42,164)
Closing Balance $ 0 $ 0 $ 0 $ 0
v3.26.1
Additional Balance Sheet Detail and Supplemental Cash Flow Information (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Supplemental Cash Flow Information [Abstract]    
Accrued salaries and wages $ 58,154 $ 42,354
Deferred revenue [1] 736 683
Income and mining taxes 91,239 116,230
Deferred cash due 2026 [2] 5,000 4,829
Accrued operating costs 12,296 12,506
Unrealized losses on derivatives 1,350 124
Taxes other than income and mining 12,001 17,465
Accrued interest payable 13,225 6,060
Operating lease liabilities 7,865 11,962
Accrued liabilities and other $ 201,866 $ 212,213
[1] See Note 17 -- Commitments and Contingencies for additional details on deferred revenue liabilities.
[2] See Note 12 -- Fair Value Measurements for additional details on Deferred Cash Due 2026. Payment provided in July 2026 to satisfy the contractual obligation
v3.26.1
Additional Balance Sheet Detail and Supplemental Cash Flow Information (Details 1) - USD ($)
$ in Thousands
Jun. 30, 2026
Mar. 31, 2026
Dec. 31, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Supplemental Cash Flow Information [Abstract]            
Cash and cash equivalents $ 1,052,274   $ 553,597 $ 111,646    
Restricted Cash Equivalent [1] 3,608     1,824    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 1,055,882 $ 846,000 $ 555,705 $ 113,470 $ 79,368 $ 56,874
[1] Restricted cash equivalents are included in Prepaid expenses and other and Restricted assets on the Condensed Consolidated Balance Sheet.