Coeur Reports First Quarter 2026 Results

Record financial results; eleven-fold increase in cash; New Gold transaction closed March 20^th; Full-year guidance ranges reaffirmed

Coeur Mining, Inc. ("Coeur" or the "Company") ((NYSE, TSX:CDE) today reported first quarter 2026 financial results, including revenue of $856 million and cash flow from operating activities of $341 million. The Company reported quarterly GAAP net income from continuing operations of $247 million, or $0.35 per share. On an adjusted basis¹, Coeur reported record quarterly EBITDA of $475 million, record cash flow from operating activities before changes in working capital of $445 million and net income from continuing operations of $254 million, or $0.36 per share.

Key Highlights

• Solid production and cost performance in line with 2026 guidance – Operating strength across the portfolio led to first quarter production of 96,503 ounces of gold and 4.4 million ounces of silver, representing year-over-year increases of 11% and 18%, respectively. Full-year 2026 production remains on-track to reach 680,000 - 815,000 ounces of gold, 18.7 - 21.9 million ounces of silver, and 50 - 65 million pounds of copper
• Record financial results – First quarter free cash flow totaled $267 million despite several first-quarter specific outflows totaling over $200 million. Quarterly adjusted EBITDA¹ increased 12% versus the prior quarter and nearly quadrupled year-over-year to a record $475 million, driving the last-twelve-month total to nearly $1.4 billion. Average realized prices for gold and silver increased 15% and 53%, respectively, compared to the fourth quarter
• Strong financial position and growing liquidity resulting in updated financial policy – Cash and cash equivalents of $843 million represented an increase of 52% compared to the prior quarter and a near eleven-fold increase compared to the prior-year period. On March 23, 2026, Coeur announced an expanded $750 million share repurchase program and the establishment of 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. The Company also entered into a new $1 billion revolving credit facility during the first quarter
• New Gold transaction completed; integration efforts advancing on schedule – During the eleven days of the first quarter following completion of the New Gold transaction on March 20, 2026, New Afton and Rainy River contributed production of 14,145 ounces of gold, 22,989 ounces of silver and 1.4 million pounds of copper. Ongoing organizational integration initiatives are progressing according to plan
• New Afton's K-Zone maiden resource adds to Coeur's pipeline of attractive growth projects – On March 23, 2026, Coeur filed updated technical reports for New Afton and Rainy River, which included an initial resource at New Afton's K-Zone totaling 47.6 million tonnes of measured and indicated mineral resources, containing an estimated 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
• Updated Rainy River technical report highlights mine life expansion – New life of mine plan reflects strong production and cash flow profile including a two-year mine life extension to 2035

"Coeur delivered a strong start to what is expected to be a record year, with every mine in the portfolio contributing to record first quarter results," said Mitchell J. Krebs, Chairman, President and Chief Executive Officer. "Adjusted EBITDA reached a new quarterly record and free cash flow remained robust, leading to a quarter-end cash balance of over $840 million – nearly an eleven-fold year-over-year increase. Our recently updated financial policy is designed to maintain flexible liquidity levels while also returning capital to stockholders through prudent share repurchases and the initiation of a sustainable dividend policy. Our results were especially impressive given the quarter was our softest of the year as expected, with several first quarter-specific outflows totaling over $200 million, and only eleven days of contribution from New Afton and Rainy River following the close of the New Gold transaction on March 20^th.

"Starting with the second quarter, Coeur is equipped to deliver on the full potential of our enhanced platform, built through a combination of investments in exploration and expansions and two well-timed M&A transactions. With our well-balanced platform of seven operations, Coeur remains exceptionally well positioned as the sector's only senior all-North America precious metals company and top-five global silver producer."

Financial and Operating Highlights (Unaudited)

Financial Results

First quarter 2026 revenue totaled $856 million compared to $675 million in the prior period and $360 million in the first quarter of 2025. The Company produced 96,503 and 4.4 million ounces of gold and silver, respectively, during the quarter. Metal sales for the quarter totaled 108,420 ounces of gold and 4.4 million ounces of silver. Average realized gold and silver prices for the quarter were $4,383 and $82.85 per ounce, respectively, compared to $3,818 and $54.30 per ounce in the prior period and $2,635 and $32.05 per ounce in the first quarter of 2025.

Gold and silver sales represented 56% and 42% of quarterly revenue, while copper represented 2% of revenue for the quarter.

Adjusted costs applicable to sales per ounce¹ of gold and silver totaled $2,032 and $20.01, respectively. Adjusted CAS¹ per gold ounce includes the non-cash impact of the $74.8 million related to purchase price allocation ascribed to inventory, which added $689 per ounce to the gold CAS¹. General and administrative expenses increased 43% quarter over quarter to $22 million, driven by higher stock-based compensation, annual incentive payouts, and audit fees paid in the first quarter.

Coeur invested approximately $32 million ($26 million expensed and $6 million capitalized) in exploration during the quarter, compared to approximately $25 million ($19 million expensed and $7 million capitalized) in the prior period. See the "Operations" and "Exploration" sections for additional detail on the Company's exploration activities.

The Company recorded income tax expense of approximately $102 million during the first quarter. Cash income and mining taxes paid during the period totaled approximately $132 million. Cash taxes paid in the quarter primarily reflect income and mining tax payments in Mexico.

Quarterly operating cash flow decreased to $341 million from $375 million in the prior period, primarily due to higher costs applicable to sales and lower metal sales volumes, partially offset by higher realized metal prices. Changes in working capital during the quarter were $104 million, reflecting tax payments in Mexico, semi-annual interest payments on the Company's 2029 5.125% Senior Notes and New Gold's 2032 6.875% Senior Notes, as well as New Gold transaction-related and annual incentive compensation payments.

First quarter capital expenditures were $74 million compared to $61 million in the prior period. Sustaining and development capital expenditures accounted for approximately $63 million and $11 million, or 85% and 15%, respectively, of Coeur's total capital investment during the quarter.

Operations

First quarter 2026 highlights for each of the Company's operations are provided below.

New Afton, Canada

Operational

• Quarterly production and costs reflect approximately eleven days of the first quarter, following the closing of the New Gold transaction on March 20, 2026
• Throughput is expected to ramp up to 15,000 tonnes per day from the C-Zone during the first half of 2026
• C-Zone cave construction was finalized with drawbell blasting completed

Financial

• Copper, gold, and silver accounted for approximately 50%, 49%, and 1%, respectively, of revenue during the quarter
• First quarter adjusted CAS¹ for copper and gold on a by-product basis totaled $5.36 and $4,488 per pound and ounce, respectively. CAS¹ per copper pound and gold ounce includes the non-cash impact of the $20.5 million of purchase price allocation ascribed to inventory, which added $3.10 per pound to the copper CAS¹ and $2,560 per ounce to the gold CAS¹
• Free cash flow¹ in the first quarter totaled $25 million

Exploration

• Exploration investment in the first quarter totaled approximately $0.3 million (substantially all expensed)
• Key exploration goals for 2026 include infill drilling of inferred resources in the K-Zone resource cave shape and expansion of the overall measured, indicated and inferred resources in the K-Zone
• During the quarter, up to five underground drill rigs were active, with drilling aimed at upgrading the 5.9 million tonnes of inferred resources in the K-Zone into measured and indicated, in support of the feasibility study expected to commence in the second half of the year. Results received to date are encouraging with mineralization grades and widths meeting expectations
• Scout and expansion drilling during the quarter was focused on lateral extension of the K-Zone in the southeast and west. Drilling occurred to the west of the K-Zone, back toward D-Zone, intersected high grades and widths over an additional 150 meters of strike length, with similar results over an additional 125 meters to the southeast. These results continue to indicate significant upside potential at the K-Zone
• 2026 drilling further to the east is expected to commence early in the second quarter from an underground exploration drift

Guidance

• Prorated production reflecting nine months of contribution is expected to be 60,000 - 80,000 ounces of gold, 50 - 65 million pounds of copper, and 130,000 - 180,000 ounces of silver
• Prorated adjusted CAS¹ reflecting nine months of results are expected to be $1,000 - $1,200 per gold ounce and $1.20 - $1.35 per pound of copper which includes $134 per ounce of gold and $0.15 per pound of copper of non-cash impacts relating to the purchase price allocation ascribed to short-term inventory
• Prorated capital expenditures reflecting nine months of ownership expected to be $51 - $61 million, driven by C-Zone development and cave construction completion, ongoing drawbell rehabilitation, and K-Zone development
• Prorated exploration investment reflecting nine months of activity is expected to be $19 - $23 million ($17 - $19 million expensed and $2 - $4 million capitalized)

Rainy River, Canada

Operational

• Quarterly production and costs reflect approximately eleven days of the first quarter, following the closing of the New Gold transaction on March 20, 2026
• Underground production ramp-up is expected to continue throughout 2026
• Phase 5 open pit stripping remains on schedule

Financial

• First quarter adjusted CAS¹ for gold on a by-product basis totaled $4,215 per ounce. CAS¹ per gold ounce includes the non-cash impact of the $64.8 million of purchase price allocation ascribed to inventory, which added $3,026 per ounce to the gold CAS¹
• Free cash flow¹ in the first quarter totaled $84 million

Exploration

• Exploration investment in the first quarter totaled approximately $0.4 million (substantially all expensed)
• Exploration in 2026 is focused on supporting the transition to underground mining by continuing to extend known shoots down-plunge, assess near-mine opportunities for additional open pit resources and explore new targets to further build the resource pipeline
• During the period, up to three rigs were active in the near-mine area. A key focus was expansion drilling on the down-plunge extensions to ODM Main and Zone 17 which yielded excellent results, including ODM Main being extended by 150 meters and Zone 17 by 200 meters
• In addition to expansion drilling, infill drilling in the 433 Zone has demonstrated continuity between previously planned stopes, demonstrating potential for an upgrade to this Zone
• Preparations for the summer field season are well underway, with work expected to begin in the second quarter

Guidance

• Prorated production reflecting nine months of contributions is expected to be 230,000 - 275,000 ounces of gold and 350,000 - 450,000 ounces of silver
• Prorated adjusted CAS¹ reflecting nine months of results are expected to be $2,150 - $2,350 per gold ounce, which includes $675 per ounce of non-cash impacts relating to the purchase price allocation ascribed to short-term inventory, $155 per ounce for deferred stripping and $239 per ounce for the Royal Gold stream
• Prorated capital expenditures reflecting nine months of ownership are expected to be $81 - $101 million, reflecting investments in underground mine development and infrastructure, as well as the tailings management area perimeter dam raise
• Prorated exploration investment reflecting nine months of activity is expected to be $8 - $10 million (substantially all expensed)

Las Chispas, Mexico

Operational

• First quarter silver and gold production totaled 1.5 million and 15,031 ounces, respectively, compared to 1.4 million and 14,719 ounces in the prior period and 0.7 million and 7,175 ounces in the first quarter of 2025, which reflects approximately 1.5 months of production following the closing of the SilverCrest transaction on February 14, 2025
• Production during the quarter was driven by higher tonnes milled, partially offset by lower grades

Financial

• Silver and gold accounted for approximately 63% and 37%, respectively, of revenue during the quarter
• First quarter adjusted CAS¹ for silver and gold on a co-product basis totaled $13.46 and $775 per ounce, respectively
• Free cash flow¹ in the first quarter totaled $76 million compared to $79 million in the prior period despite over $61 million paid in taxes during the quarter (with $18 million paid in the fourth quarter of 2025)

Exploration

• Exploration investment in the first quarter totaled approximately $6 million ($4 million expensed and $2 million capitalized) compared to $7 million ($3 million expensed and $4 million capitalized) in the prior period
• Key exploration goals in 2026 are to maintain expansion and infill drilling on veins in the Babicanora and Las Chispas Blocks and undertake scout drilling to identify new vein targets and replenish inferred inventory for future conversion
• Up to seven rigs were in operation in the Las Chispas Block and the Gap Zone (three on surface and four underground), and up to seven rigs were in operation at Babicanora
• Drilling in the Las Chispas and Babicanora Blocks during the quarter was primarily focused on expansion and infill drilling of known veins. On the Las Chispas Block, key targets included Augusta, Promesa and William Tell veins, with excellent results received from all veins. On the Babicanora Block, drilling focused on the Babi Main, Babi Sur and El Muerto veins, with several results pending
• Scout drilling was conducted within the same blocks during the quarter with results expected later in 2026
• The Cumaro scout target (in the northeast of Las Chispas Block) was mapped in detail over 400 meters of strike to improve targeting for further drill testing

Guidance

• Full-year 2026 production is expected to be 55,000 - 65,000 ounces of gold and 5.5 - 6.3 million ounces of silver
• Adjusted CAS¹ in 2026 are expected to be $750 - $950 per gold ounce and $12.50 - $14.50 per silver ounce
• Capital expenditures in 2026 are expected to be $71 - $84 million, consisting primarily of sustaining capital and underground development
• Exploration investment in 2026 is expected to be $21 - $26 million ($11 - $14 million expensed and $10 - $12 million capitalized)

Palmarejo, Mexico

Operational

• First quarter silver and gold production totaled 1.5 million and 22,918 ounces, respectively, compared to 1.6 million and 25,662 ounces in the prior period and 1.7 million and 23,032 ounces in the first quarter of 2025
• Production during the quarter was impacted by fewer tonnes milled, partially offset by higher recoveries

Financial

• Silver and gold accounted for approximately 66% and 34%, respectively, of revenue during the quarter
• First quarter adjusted CAS¹ for silver and gold on a co-product basis totaled $22.99 and $758 per ounce, respectively
• Capital expenditures increased to $9 million compared to $8 million in the prior period
• Free cash flow¹ in the first quarter totaled $64 million compared to $63 million in the prior period despite over $62 million in taxes paid during the quarter (with $15 million paid in the fourth quarter of 2025)

Exploration

• Exploration investment for the first quarter totaled approximately $6 million ($5 million expensed and $1 million capitalized), consistent with the prior period
• Exploration utilized up to nine rigs during the first quarter, including step-out drilling along the Hidalgo Corridor (Hidalgo and Libertad trends), at Barrera Norte, Independencia Sur and over Guazapares targets
• Exploration in 2026 is focused on building reserves and resources near mine infrastructure while developing a significant pipeline to the east in the area unaffected by the Franco-Nevada gold stream agreement, where over 70% of the exploration budget is expected to be spent this year
• During the quarter, infill drilling commenced at Independencia Sur with excellent grades and width received over a 200-meter strike length and 200 meters vertically. Mineralization is directly along strike from the Independencia deposit and is located outside the area affected by the Franco-Nevada gold stream
• In the Guazapares region located further to the East and also outside the Franco-Nevada gold stream area of interest, drilling focused on the San Miguel and La Union deposits to expand and build on measured and inferred ounces generated during 2025. Drilling is progressing ahead of schedule at San Miguel with results received to date demonstrating high grades over excellent widths and extending the deposit along strike and at depth. Many targets in the Guazapares region crop out at surface unlike most deposits in the mine trend. This allows for faster and easier exploration

Other

• 11,692 ounces or approximately 51% of Palmarejo's gold sales in the first quarter were sold under the gold stream agreement with Franco-Nevada at a price of $800 per ounce. The Company anticipates approximately 40% - 50% of Palmarejo's 2026 gold sales will be sold under the gold stream agreement

Guidance

• Full-year 2026 production is expected to be 95,000 - 105,000 ounces of gold and 6.25 - 7.0 million ounces of silver
• Adjusted CAS¹ in 2026 are expected to be $700 - $900 per gold ounce and $21.50 - $23.50 per silver ounce
• Capital expenditures in 2026 are expected to be $35 - $41 million, consisting primarily of sustaining capital and underground development
• Exploration investment in 2026 is expected to be $24 - $28 million ($22 - $24 million expensed and $2 - $4 million capitalized)

Rochester, United States

Operational

• Silver and gold production in the first quarter totaled 1.4 million and 14,112 ounces, respectively, compared to 1.7 million and 17,722 ounces in the prior period and 1.3 million and 13,353 ounces in the first quarter of 2025. The decrease from the prior period related to lower planned grades due to positioning in the open pit, several planned down days for maintenance activities on the crusher, and lower placement rates of crushed and direct-to-pad material due to overliner hauling for the ongoing pad leach expansion
• Ore tonnes placed through the crushing circuit totaled 5.9 million tonnes compared to 6.4 million tonnes in the prior quarter. Tonnes placed during the quarter totaled 6.7 million tonnes, compared to 9.3 million tonnes in the prior period, reflecting lower direct-to-pad material placement as additional fleet capacity was redirected to accelerate removal of legacy leach pads at East Rochester in preparation for mining later this year

Financial

• Silver and gold accounted for approximately 62% and 38%, respectively, of revenue during the quarter
• First quarter adjusted CAS¹ for silver and gold on a co-product basis totaled $23.74 and $1,432 per ounce, respectively
• Capital expenditures increased to $23 million compared to $15 million in the prior period, driven by activities related to the next phase of the Stage 6 leach pad development
• Free cash flow¹ in the first quarter totaled $62 million compared to $78 million in the prior period driven by higher prices offset by lower production, the timing of the annual property tax payments to Pershing County and higher royalty costs

Exploration

• Exploration investment in the first quarter totaled approximately $2 million ($1 million expensed and $1 million capitalized) compared to roughly $3 million (substantially all expensed) in the prior quarter
• In the first half of 2026, exploration drilling to support the future POA 12 expansion is expected to be completed, with drilling in the second half of the year expected to transition to target generation, condemnation and scout drilling
• One rig was active during the quarter conducting infill drilling at the Wedge target in East Rochester. Limited results received thus far indicate grade continuity, with additional assays pending
• Significant data integration and analysis is occurring for targets that plan to be drilled in the second half of the year

Guidance

• Full-year 2026 production is expected to be 6.4 - 7.8 million ounces of silver and 70,000 - 90,000 ounces of gold
• Adjusted CAS¹ in 2026 are expected to be $23.00 - $25.00 per silver ounce and $1,350 - $1,550 per gold ounce
• Capital expenditures in 2026 are expected to be $96 - $110 million, which includes projects related to the Phase 2 development of the Stage 6 leach pad and modifications after startup of the crusher corridor
• Exploration investment in 2026 is expected to be $14 - $17 million ($7 - $9 million expensed and $7 - $8 million capitalized)

Kensington, United States

Operational

• Gold production in the first quarter totaled 20,525 ounces compared to 29,567 ounces in the prior period and 22,715 ounces in the first quarter of 2025
• Production during the quarter was impacted by mine sequencing and planned mill maintenance

Financial

• First quarter adjusted CAS¹ increased 47% quarter over quarter to $2,246 per ounce, due primarily to lower production, and higher labor, maintenance and royalty costs
• Capital expenditures decreased 50% quarter over quarter to $9 million
• Free cash flow¹ in the first quarter totaled $44 million compared to $51 million in the prior period

Exploration

• Exploration investment in the first quarter totaled approximately $4 million ($3 million expensed and $2 million capitalized), compared to $2 million ($1 million expensed and $1 million capitalized) in the prior period
• Exploration in 2026 is focused on maintaining a five-year reserves-based life of mine and beginning to develop the inferred pipeline
• During the quarter, up to four rigs were active with the key focus on the Zone 30B, Cookhouse and Bunkhouse targets
• Scout, expansion and infill drilling was conducted on Zone 30B to continue to trace the zone to the south and down dip. Results to date demonstrate a down-dip extension of 100 meters with results pending for drillholes along strike
• Drilling during the quarter also focused on two scout targets, Cookhouse and Bunkhouse located between Elmira and Kensington. Most results are pending

Guidance

• Full-year 2026 production is expected to be 98,000 - 110,000 gold ounces
• Adjusted CAS¹ in 2026 are expected to be $1,750 - $1,950 per gold ounce
• Capital expenditures in 2026 are expected to be $54 - $63 million, which includes investment related to raising the main tailings storage facility embankment, expected to be completed this year
• Exploration investment in 2026 is expected to be $14 - $15 million ($8 - $9 million expensed and $6 - $6 million capitalized)

Wharf, United States

Operational

• Gold production in the first quarter decreased 61% quarter over quarter to 9,772 ounces compared to 24,759 ounces in the prior period and 20,491 ounces in the first quarter of 2025
• Lower production during the quarter was largely due to fewer ore tonnes placed, partially offset by higher grades
• Ore tonnes placed were lower than the previous quarter due to the impact of fire damage to portions of the tertiary crusher which occurred in November 2025. Crushing was completed via a temporary mobile crusher with a second temporary crusher added early in the second quarter. Commissioning of the repaired crusher is complete and is expected to allow a return to normal crushing and placement rates for the balance of 2026

Financial

• Adjusted CAS¹ on a by-product basis increased 42% quarter over quarter to $1,588 per ounce, due to lower ore tonnes placed and higher outside service costs
• Capital expenditures totaled approximately $13 million compared to $4 million in the prior period
• Free cash flow¹ in the first quarter totaled $2 million compared to $62 million in the prior period

Exploration

• Exploration investment during the first quarter totaled $3 million (substantially all expensed), compared to $1 million (substantially all expensed) in the prior quarter
• In 2026, exploration programs at Juno and North Foley are expected to build on the 2025 expansion and infill drilling with the aim of adding to both reserves and resources. Other targets, including Annie Creek and Summit Flat, are also expected to undergo expansion and infill drilling, while scout drilling is expected to commence to continue development of the inferred pipeline
• During the first quarter, up to two rigs were active on expansion and infill drilling at Juno and North Foley. Results are in line with expectations and indicate mineralization continues to the north and northeast
• Towards the end of the period, expansion drilling also commenced at Summit Flat target, a program that will continue through the second quarter, with all results pending

Guidance

• Full-year 2026 production is expected to be 72,000 - 90,000 ounces of gold and 50,000 - 200,000 ounces of silver
• Adjusted CAS¹ in 2026 are expected to be $1,400 - $1,600 per gold ounce
• Capital expenditures in 2026 are expected to be $17 - $23 million, which reflects remediation of the existing crusher and planned infrastructure upgrades
• Exploration investment in 2026 is expected to be $10 - $12 million ($8 - $9 million expensed and $2 - $3 million capitalized)

Exploration

During the first quarter, Coeur invested approximately $32 million ($26 million expensed and $6 million capitalized), compared to roughly $25 million ($19 million expensed and $7 million capitalized) in the prior period.

The Company's exploration investment in 2026 is expected to total $118 - $132 million for expansion drilling (classified as exploration expense) and $29 - $37 million for infill drilling (capitalized exploration) for a total expected investment of $147 - $169 million.

Top exploration priorities for 2026 are: (i) continuing to extend and infill known deposits to support future life of mine, and building the inferred pipeline at Las Chispas, in addition to restarting regional exploration; (ii) infill drilling at Hidalgo and Independencia Sur to support near-term life of mine additions at Palmarejo, also building the inferred pipeline to provide optionality to the operation, with particular emphasis on East Palmarejo outside the Franco-Nevada gold stream area of interest; (iii) completing drilling to support the next stage of mine permit expansion at Rochester, along with regional studies and scout drilling across the district to build the exploration pipeline; (iv) maintaining a five-year reserve-based mine life at Kensington and increasing focus on scout drilling to add inferred resources; (v) continuing the expansion and infill programs at Wharf to further add to the life of mine and conduct district-scale work to support long-term mine life additions; (vi) drilling programs to support the study program and continue expanding the resource base at Silvertip through a combination of scout, expansion and infill drilling, totaling approximately $35 million; (vii) infill and expansion drilling at the K-Zone at New Afton and (viii) expansion drilling of underground shoots at Rainy River, testing of additional open-pit opportunities and commencing more aggressive regional exploration.

2026 Guidance

The Company has reaffirmed its full-year 2026 guidance, including production, CAS, capital expenditures, depreciation, depletion and amortization ("DD&A"), exploration, general and administrative expenses ("G&A"), and income and mining tax.

Overall cost guidance reflects higher expected royalty expense driven by stronger realized metal prices, particularly at Rochester, the impact of a stronger Mexican peso, inflation of 3% to 5% across the portfolio, and higher planned maintenance costs. For our co-product mines (New Afton, Las Chispas, Palmarejo, and Rochester), costs are allocated to gold, silver, and copper based on their relative revenue contribution. Given the higher expected contribution of silver to total revenue due to the outperformance of silver's price relative to the gold price, silver CAS per ounce is expected to be higher in 2026, consistent with the trend seen in the second half of 2025.

2026 Production Guidance

2026 Adjusted Costs Applicable to Sales Guidance

2026 Capital, DD&A, Exploration, G&A and Income and Mining Tax Guidance

Note: The Company's guidance figures assume estimated prices of $4,550/oz gold, $77.50/oz silver, and $5.00/lb copper, as well as CAD of 1.38 and MXN of 18.00. Guidance figures exclude the impact of any metal sales or foreign exchange hedges.

The normalized effective tax rate excludes items that are not reflective of Coeur's underlying performance, such as the impacts of foreign currency on deferred taxes, taxes related to prior periods, and one-time, non-cash, tax valuation allowance adjustments.

Financial Results and Conference Call

Coeur will host a conference call to discuss its first quarter 2026 financial results on May 7, 2026 at 11:00 a.m. Eastern Time.

Hosting the call will be Mitchell J. Krebs, Chairman, President and Chief Executive Officer of Coeur, who will be joined by Thomas S. Whelan, Executive Vice President and Chief Financial Officer, Michael "Mick" Routledge, Executive Vice President and Chief Operating Officer, and other members of management. A replay of the call will be available through May 14, 2026.

About Coeur

Coeur Mining, Inc. is a U.S.-based, well-diversified, growing precious metals producer with seven wholly-owned operations: the New Afton gold-copper mine in British Columbia, Canada, the Rainy River gold-silver mine in Ontario, Canada, the Las Chispas silver-gold mine in Sonora, Mexico, the Palmarejo gold-silver mine in Chihuahua, Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska and the Wharf gold mine in South Dakota. In addition, the Company wholly-owns the Silvertip polymetallic critical minerals exploration project in British Columbia, Canada.

Cautionary Statements

This news release contains forward-looking statements within the meaning of securities legislation in the United States and Canada, including statements regarding EBITDA, cash flow, production, costs, capital expenditures, tax rates and treatment, exploration and development efforts and plans and potential impacts on reserves and resources, mine lives and expected extensions, the Franco-Nevada gold stream agreement at Palmarejo, anticipated production, and costs and expenses and operations at New Afton, Rainy River, Las Chispas, Palmarejo, Rochester, Kensington and Wharf. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause Coeur's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the risk that anticipated production, cost and expense levels are not attained, the risks and hazards inherent in the mining business (including risks inherent in developing and expanding large-scale mining projects, environmental hazards, industrial accidents, weather or geologically-related conditions), changes in the market prices of gold, silver and copper, and a sustained lower price or higher treatment and refining charge environment, the uncertainties inherent in Coeur's production, exploration and development activities, including risks relating to permitting and regulatory delays (including the impact of government shutdowns) and mining law changes, ground conditions, grade and recovery variability, any future labor disputes or work stoppages (involving the Company and its subsidiaries or third parties), the risk of adverse outcomes in litigation, the uncertainties inherent in the estimation of mineral reserves and resources, impacts from Coeur's future acquisition of new mining properties or businesses, risks associated with the integration of the New Afton and Rainy River mines following the acquisition of New Gold Inc., the loss of access or insolvency of any third-party refiner or smelter to whom Coeur markets its production, materials and equipment availability, inflationary pressures, changes in applicable tax laws or regulatory interpretations, impacts from tariffs or other trade barriers, continued access to financing sources, the effects of environmental and other governmental regulations and government shut-downs, the risks inherent in the ownership or operation of or investment in mining properties or businesses in foreign countries, the ability to maintain positive relationships with indigenous groups and other community stakeholders, Coeur's ability to raise additional financing necessary to conduct its business, make payments or refinance its debt, as well as other uncertainties and risk factors set out in filings made from time to time with the United States Securities and Exchange Commission, and the Canadian securities regulators, including, without limitation, Coeur's most recent reports on Form 10-K and Form 10-Q. Actual results, developments and timetables could vary significantly from the estimates presented. Readers are cautioned not to put undue reliance on forward-looking statements. Coeur disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, Coeur undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Coeur, its financial or operating results or its securities. This does not constitute an offer of any securities for sale.

The scientific and technical information concerning our mineral projects in this news release have been reviewed and approved by a "qualified person" under Item 1300 of SEC Regulation S-K, namely our Senior Vice President, Technical Services, Christopher Pascoe. For a description of the key assumptions, parameters and methods used to estimate mineral reserves and mineral resources, as well as data verification procedures and a general discussion of the extent to which the estimates may be affected by any known environmental, permitting, legal, title, taxation, sociopolitical, marketing or other relevant factors, please review the Technical Report Summaries for each of the Company's material properties which are available at www.sec.gov.

Non-U.S. GAAP Measures

We supplement the reporting of our financial information determined under United States generally accepted accounting principles ("U.S. GAAP") with certain non-U.S. GAAP financial measures, including EBITDA, adjusted EBITDA, adjusted EBITDA margin, free cash flow, adjusted net income (loss), operating cash flow before changes in working capital and adjusted costs applicable to sales per ounce. We believe that these adjusted measures provide meaningful information to assist management, investors and analysts in understanding our financial results and assessing our prospects for future performance. We believe these adjusted financial measures are important indicators of our recurring operations because they exclude items that may not be indicative of, or are unrelated to our core operating results, and provide a better baseline for analyzing trends in our underlying businesses. We believe EBITDA, adjusted EBITDA, adjusted EBITDA margin, free cash flow, adjusted net income (loss) and adjusted costs applicable to sales per ounce are important measures in assessing the Company's overall financial performance. For additional explanation regarding our use of non-U.S. GAAP financial measures, please refer to our Form 10-K for the year ended December 31, 2025.

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