v3.26.1
Fair Value Measurements
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS
 Three Months Ended March 31,
In thousands20262025
Acquired bullion and metal inventory monetization$— $(346)
Fair value adjustments, net$— $(346)
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 March 31, 2026
In thousandsTotalLevel 1Level 2Level 3  
Assets:
Provisional metal sales contracts$1,751 $— $1,751 $— 
Gold and copper swap contracts2,667 — $2,667 — 
$4,418 $— $4,418 $— 
Liabilities:
Provisional metal sales contracts$2,620 $— $2,620 $— 
$2,620 $— $2,620 $— 
 
 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 three months ended March 31, 2026.
The fair values of financial liabilities carried at book value in the financial statements at March 31, 2026 and December 31, 2025 is presented in the following tables, respectively:
 March 31, 2026
In thousandsBook ValueFair ValueLevel 1Level 2Level 3  
Liabilities:
2029 Senior Notes(1)
$290,975 $287,947 $— $287,947 $— 
New Gold 2032 Senior Notes$425,008 $425,008 $— $425,008 $— 
Deferred Cash Due 2026$4,914 $4,851 $— $4,851 $— 
(1) Net of unamortized debt issuance costs of $2.1 million.

 December 31, 2025
In thousandsBook ValueFair ValueLevel 1Level 2Level 3  
Liabilities:
2029 Senior Notes(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 value of the 2029 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, payable in July 2026. The fair value of the 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.