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)

*(Amounts in millions, except per share amounts, gold ounces produced & sold, and per-ounce metrics)*	1Q 2026		4Q 2025		3Q 2025		2Q 2025		1Q 2025
Gold Sales	$	475.2	$	424.8	$	360.5	$	323.1	$	235.3
Silver Sales	$	362.2	$	250.1	$	194.1	$	157.5	$	124.7
Copper Sales	$	18.8	$	—	$	—	$	—	$	—
Consolidated Revenue	$	856.2	$	674.7	$	554.6	$	480.7	$	360.1
Costs Applicable to Sales²	$	330.0	$	215.9	$	248.7	$	229.5	$	204.3
General and Administrative Expenses	$	21.7	$	15.2	$	14.8	$	13.3	$	13.9
Net Income	$	246.8	$	215.0	$	266.8	$	70.7	$	33.4
Net Income Per Share	$	0.35	$	0.33	$	0.41	$	0.11	$	0.06
Adjusted Net Income¹	$	253.5	$	227.3	$	122.7	$	102.9	$	40.5
Adjusted Net Income¹Per Share	$	0.36	$	0.35	$	0.19	$	0.16	$	0.08
Weighted Average Shares Outstanding		698.7		645.9		644.9		643.1		521.2
EBITDA¹	$	455.0	$	407.2	$	249.1	$	203.0	$	105.3
Adjusted EBITDA¹	$	474.9	$	424.5	$	265.6	$	213.8	$	121.9
Cash Flow from Operating Activities	$	340.8	$	374.6	$	237.7	$	207.0	$	67.6
Capital Expenditures	$	74.1	$	61.4	$	49.0	$	60.8	$	50.0
Free Cash Flow¹	$	266.8	$	313.2	$	188.7	$	146.2	$	17.6
Cash Income and Mining Taxes	$	132.2	$	41.2	$	36.4	$	38.2	$	62.6
Cash, Equivalents & Short-Term Investments	$	843.2	$	553.6	$	266.3	$	111.6	$	77.6
Total Debt³	$	761.4	$	340.5	$	363.5	$	380.7	$	498.3
Average Realized Price Per Ounce – Gold	$	4,383	$	3,818	$	3,148	$	3,021	$	2,635
Average Realized Price Per Ounce – Silver	$	82.85	$	54.30	$	38.93	$	33.72	$	32.05
Average Realized Price Per Pound – Copper	$	5.55	$	—	$	—	$	—	$	—
Gold Ounces Produced		96,503		112,429		111,364		108,487		86,766
Silver Ounces Produced		4.4		4.7		4.8		4.7		3.7
Copper Pounds Produced		1.4		—		—		—		—
Gold Ounces Sold		108,420		111,273		114,495		106,948		89,316
Silver Ounces Sold		4.4		4.6		5.0		4.7		3.9
Copper Pounds Sold		3.4		—		—		—		—
Adjusted CAS per AuOz¹	$	2,032	$	1,207	$	1,355	$	1,405	$	1,476
Adjusted CAS per AgOz¹	$	20.01	$	17.29	$	18.45	$	16.48	$	17.94
Adjusted CAS per CuLb¹	$	5.36	$	—	$	—	$	—	$	—

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

*(Dollars in millions, except per ounce amounts)*		1Q 2026			4Q 2025			3Q 2025			2Q 2025			1Q 2025
Tonnes milled		134,385			—			—			—			—
Average gold grade (grams/tonne)		0.44			—			—			—			—
Average copper grade (grams/tonne)		0.48			—			—			—			—
Average recovery rate – Au		87.4	%		—	%		—	%		—	%		—	%
Average recovery rate – Cu		94.8	%		—	%		—	%		—	%		—	%
Gold ounces produced		1,651			—			—			—			—
Silver ounces produced (000's)		4			—			—			—			—
Copper pounds produced (000's)		1,360			—			—			—			—
Gold ounces sold		3,906			—			—			—			—
Silver ounces sold (000's)		9			—			—			—			—
Copper pounds sold (000's)		3,385			—			—			—			—
Average realized price per gold ounce	$	4,733		$	—		$	—		$	—		$	—
Average realized price per copper pound	$	5.55		$	—		$	—		$	—		$	—
Metal sales	$	37.8		$	—		$	—		$	—		$	—
Costs applicable to sales²	$	36.2		$	—		$	—		$	—		$	—
Adjusted CASper AuOz¹	$	4,488		$	—		$	—		$	—		$	—
Adjusted CASper CuLb¹	$	5.36		$	—		$	—		$	—		$	—
Exploration expense	$	0.3		$	—		$	—		$	—		$	—
Cash flow from operating activities	$	24.6		$	—		$	—		$	—		$	—
Sustaining capital expenditures (excludes capital lease payments)	$	—		$	—		$	—		$	—		$	—
Development capital expenditures	$	—		$	—		$	—		$	—		$	—
Total capital expenditures	$	—		$	—		$	—		$	—		$	—
Free cash flow¹	$	24.6		$	—		$	—		$	—		$	—

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. CAS¹per 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

*(Dollars in millions, except per ounce amounts)*		1Q 2026			4Q 2025			3Q 2025			2Q 2025			1Q 2025
Tonnes milled		225,632			—			—			—			—
Average gold grade (grams/tonne)		0.87			—			—			—			—
Average recovery rate – Au		90.1	%		—	%		—	%		—	%		—	%
Gold ounces produced		12,494			—			—			—			—
Silver ounces produced (000's)		19			—			—			—			—
Gold ounces sold		21,407			—			—			—			—
Silver ounces sold (000's)		32			—			—			—			—
Average realized price per gold ounce	$	4,401		$	—		$	—		$	—		$	—
Metal sales	$	96.4		$	—		$	—		$	—		$	—
Costs applicable to sales²	$	92.4		$	—		$	—		$	—		$	—
Adjusted CASper AuOz¹	$	4,215		$	—		$	—		$	—		$	—
Exploration expense	$	0.4		$	—		$	—		$	—		$	—
Cash flow from operating activities	$	90.0		$	—		$	—		$	—		$	—
Sustaining capital expenditures (excludes capital lease payments)	$	6.4		$	—		$	—		$	—		$	—
Development capital expenditures	$	—		$	—		$	—		$	—		$	—
Total capital expenditures	$	6.4		$	—		$	—		$	—		$	—
Free cash flow¹	$	83.6		$	—		$	—		$	—		$	—

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. CAS¹per 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

*(Dollars in millions, except per ounce amounts)*		1Q 2026			4Q 2025			3Q 2025			2Q 2025			1Q 2025
Tonnes milled		119,197			114,814			126,930			107,410			53,857
Average gold grade (grams/tonne)		4.0			4.4			3.7			5.0			4.4
Average silver grade (grams/tonne)		389			411			354			457			436
Average recovery rate – Au		99.1	%		89.9	%		97.9	%		98.6	%		98.6	%
Average recovery rate – Ag		99.4	%		90.3	%		97.8	%		98.5	%		98.1	%
Gold ounces produced		15,031			14,719			16,540			16,271			7,175
Silver ounces produced (000's)		1,481			1,371			1,572			1,489			714
Gold ounces sold		14,898			14,819			17,800			16,025			9,607
Silver ounces sold (000's)		1,461			1,367			1,675			1,479			924
Average realized price per gold ounce	$	4,857		$	4,131		$	3,427		$	3,315		$	2,902
Average realized price per silver ounce	$	83.03		$	53.68		$	38.89		$	33.48		$	32.63
Metal sales	$	193.6		$	134.6		$	126.1		$	102.7		$	58.0