v3.25.2
Net Income (Loss) Per Share
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share NET INCOME (LOSS) PER SHARE
Basic net income (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of shares of the Company’s common stock outstanding during the period. Diluted net income (loss) 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, 2025, there were 1.1 million and 2.8 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, 29,130 and 4.6 million common stock equivalents were excluded in the diluted earnings per share calculation for the three and six months ended June 30, 2024, respectively.
Three months ended June 30,Six months ended June 30,
In thousands except per share amounts2025202420252024
Net income (loss) available to common stockholders$70,726 $1,426 $104,079 $(27,691)
Weighted average shares:
Basic637,173 393,838 576,176 389,403 
Effect of stock-based compensation plans5,903 6,071 6,244 — 
Diluted643,076 399,909 582,420 389,403 
Income (loss) per share:
Basic$0.11 $0.00 $0.18 $(0.07)
Diluted$0.11 $0.00 $0.18 $(0.07)
On May 27, 2025, the Company announced a $75.0 million share repurchase program (the “Program”), effective through May 31, 2026. 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.
The following table summarizes repurchases made pursuant to the 10b-18 Agreement in the quarter ended June 30, 2025 and the approximate dollar value of stock that may yet be purchased pursuant to the Program:
Period(a) Total number of shares purchased(b) Average price paid per share(c) Total number of shares purchased as part of publicly announced Program (d) Approximate dollar value of shares that may yet be purchased under the Program (in millions)
April 1, 2025 - April 30, 2025— — — — 
May 1, 2025 - May 31, 2025— — — $75.0 
June 1, 2025 - June 30, 2025216,500 $9.24 216,500 $73.0 
Total216,500 $9.24 216,500