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New Afton and Rainy River contribute strong additions to Coeur’s updated 2026 consolidated
production guidance – The Company expects 2026 consolidated gold, silver and copper production of 680,000 – 815,000 ounces, 18.7 – 21.9 million ounces, and 50 – 65 million pounds, respectively, which
incorporates nine months of contribution from its two new Canadian mines. Coeur’s 2025 production totaled 419,046 gold ounces and 17.9 million silver ounces
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Solid financial position and strong free cash flow lead to robust capital returns to stockholders – Coeur’s Board of Directors has authorized an expanded $750 million share repurchase program as well as an inaugural $0.02 per share semiannual dividend policy expected to be paid in June and December of each
year. Additionally, Coeur has entered into a new $1.0 billion revolving credit facility to further bolster its liquidity profile
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Updated New Afton and Rainy River S-K 1300 technical reports highlight mine life expansion
opportunities and strong free cash flow – New life of mine plans reflect strong production and cash flow profiles from both operations including the impact of the recently developed C-Zone at New
Afton and a two-year mine life extension at Rainy River
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Maiden resource at K-Zone positions New Afton for substantial future mine life extension – Year-end 2025 measured and indicated mineral resources at K-Zone totaled 47.6 million tonnes containing 715,000 ounces of gold, 2.8 million ounces of silver and 606 million pounds of copper. K-Zone inferred
mineral resources totaled 5.9 million tonnes containing 86,000 ounces of gold, 309,000 ounces of silver and 77 million pounds of copper. New Afton’s 2025 proven and probable reserves totaled 36.2 million tonnes containing 780,000 ounces
of gold, 201 million ounces of silver, and 591 million pounds of copper
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Maintaining a strong, resilient balance sheet and liquidity levels consistent with its new peer group of senior precious metals companies. This includes a policy of maintaining a net cash position
and establishing a new $1.0 billion revolving credit facility to replace the existing $400 million facility
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Continuing to invest in focused exploration near its existing mines and projects. Over the last five years, the Company has invested over $340 million in exploration, contributing to double-digit
reserve and resource growth. In 2026, the Company expects to invest a total of approximately $160 million in exploration
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Efficiently reinvesting in the Company’s existing mine portfolio and organic growth projects, including ongoing leach pad expansions at Rochester and increased tailings capacity at Kensington, to
support longer mine lives due to successful exploration investments. Longer term priorities include the potential development of New Afton’s K-Zone, the emerging regional development opportunity at East Palmarejo and the Silvertip
exploration project. In 2026, the Company expects to invest approximately $500 million in sustaining and development capital projects
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Repurchasing shares under an expanded $750 million share repurchase program consisting of both opportunistic and programmatic repurchases to enhance key per share metrics and generate strong
returns. The new repurchase program incorporates and supersedes the Company’s previous $75 million repurchase program
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Establishing an inaugural dividend policy of $0.02 per share of Coeur common stock paid semiannually, with the first dividend expected to be paid during the second quarter of 2026
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Gold and copper production expected to average 105,000 ounces and 88 million pounds, respectively, over the next five years from C-Zone with a one-year extension to its reserves-only mine life to
2032
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Throughput expected to ramp up to 15,000 tonnes per day from C-Zone during the first half of 2026
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Life-of-mine EBITDA of $3.4 billion and free cash flow of $2.8 billion based on proven and probable reserves only1
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Initial K-Zone resource established
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Measured and indicated mineral resources totaled 47.6 million tonnes containing 715,000 ounces of gold, 2.9 million ounces of silver and 606 million pounds of copper; inferred mineral resources
totaled 5.9 million tonnes containing 86,000 ounces of gold, 309,000 ounces of silver and 77 million pounds of copper
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The resource remains open both laterally and at depth, with the 2026 exploration program focusing on lateral growth of cave shape
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Exploration drift extension planned to establish optimal drill platform, with approximately 515 meters expected by mid-year 2026
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Approximately 6,800 meters of ramp development has been approved for the 2026-2028 period
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A feasibility study is expected to commence in the second half of 2026
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Replaced depletion in 2025 and extended reserves-only mine life by two years to 2035
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Annual gold and silver production expected to average 287,000 ounces and 527,000 ounces, respectively, over the next three years
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Life of mine EBITDA of $3.0 billion and free cash flow of $2.2 billion based on proven and probable reserves only2
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Addition of Northwest extension to the open pit mine plan
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Transition and ramp-up of underground mining activities continue to progress
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Gold
(oz) |
Silver
(K oz) |
Copper
(M lbs) |
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Las Chispas
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55,000 - 65,000
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5,500 - 6,300
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—
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Palmarejo
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95,000 - 105,000
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6,250 - 7,000
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—
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Rochester
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70,000 - 90,000
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6,400 - 7,800
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—
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Kensington
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98,000 - 110,000
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—
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—
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Wharf
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72,000 - 90,000
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50 - 200
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—
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Coeur Sub Total
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390,000 – 460,000
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18,200 – 21,300
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—
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New Afton
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60,000 – 80,000
|
130 - 180
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50 – 65
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Rainy River
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230,000 – 275,000
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350 – 450
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—
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Total
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680,000 - 815,000
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18,680 – 21,930
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50 - 65
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Gold
($/oz) |
Silver
($/oz) |
Copper
($/lb) |
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Las Chispas (co-product)
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$750 - $950
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$12.50 - $14.50
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—
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Palmarejo (co-product)
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$700 - $900
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$21.50 - $23.50
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—
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Rochester (co-product)
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$1,350 - $1,550
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$23.00 - $25.00
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—
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Kensington
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$1,750 - $1,950
|
—
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—
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Wharf (by-product)
|
$1,400 - $1,600
|
—
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—
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New Afton (co-product)3
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$1,000 - $1,200
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—
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$1.20 - $1.35
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Rainy River (by-product)4
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$2,150 - $2,350
|
—
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—
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(US$M)
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Coeur
|
New Gold
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Total
|
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Capital Expenditures, Sustaining
|
$207 - $239
|
$84 - $98
|
$291 - $337
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Capital Expenditures, Development
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$98 - $125
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$48 - $64
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$146 - $189
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Exploration, Expensed
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$93 - $103
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$25 - $29
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$118 - $132
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Exploration, Capitalized
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$27 - $33
|
$2 - $4
|
$29 - $37
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General & Administrative Expenses
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$63 - $67
|
$27 - $33
|
$90 - $100
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Cash Income and Mining Taxes
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$400 - $500
|
$75 - $100
|
$475 - $600
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Amortization
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$335 - $390
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$1,200 - $1,400
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Effective Tax Rate (%)
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29% – 35%
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|
30% - 36%
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Dial-In Numbers:
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(855) 560-2581 (U.S.)
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(855) 669-9657 (Canada)
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(412) 542-4166 (International)
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Conference ID:
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Coeur Mining
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Replay numbers:
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(855) 669-9658 (U.S./Canada)
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(412) 317-0088 (International)
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Conference ID:
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148 67 53
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