v3.25.2
Fair Value Measurements
 6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS
 Three Months Ended June 30,Six Months Ended June 30,
In thousands2025202420252024
Acquired bullion and metal inventory monetization4 — (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 the date of the 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 and the $0.3 million loss was recorded in Fair value adjustments, net.
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, 2025
In thousandsTotalLevel 1Level 2Level 3  
Assets:
Provisional metal sales contracts$299 $— $299 $— 
Liabilities:
Provisional metal sales contracts$62 $— $62 $— 
 
 Fair Value at December 31, 2024
In thousandsTotalLevel 1Level 2Level 3  
Assets:
Provisional metal sales contracts$222 $— $222 $— 
Liabilities:
Provisional metal sales contracts$70 $— $70 $— 
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.
No assets or liabilities were transferred between fair value levels in the six months ended June 30, 2025.
The fair value of financial assets and liabilities carried at book value in the financial statements at June 30, 2025 and December 31, 2024 is presented in the following table:
 June 30, 2025
In thousandsBook ValueFair ValueLevel 1Level 2Level 3  
Liabilities:
2029 Senior Notes(1)
$290,425 $283,528 $— $283,528 $— 
Deferred Cash Due 2025$10,000 $10,000 $— $10,000 $— 
Deferred Cash Due 2026$4,664 $4,599 $— $4,599 $— 
(1) Net of unamortized debt issuance costs of $2.7 million.
 December 31, 2024
In thousandsBook ValueFair ValueLevel 1Level 2Level 3  
Liabilities:
2029 Senior Notes(1)
$290,058 $278,014 $— $278,014 $— 
Revolving Credit Facility(2)
$195,000 $195,000 $— $195,000 $— 
Deferred Cash Due 2025$9,644 $9,673 $— $9,673 $— 
Deferred Cash Due 2026$4,505 $4,533 $— $4,533 $— 
(1) Net of unamortized debt issuance costs of $3.1 million.
(2) Unamortized debt issuance costs of $3.4 million included in Other Non-Current Assets.
The fair value of the 2029 Senior Notes was 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 includes a cash payment of $10 million paid at closing, the Deferred Cash Due 2025 of $10 million, which was paid in July 2025, and the Deferred Cash Due 2026 of $5 million. The fair value of the Deferred Cash Due 2025 and Deferred Cash Due 2026 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.