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Net Income (Loss) Per Share
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share NET INCOME PER SHARE
Basic net income per share is computed by dividing net income available to common stockholders by the weighted average number of shares of the Company’s common stock outstanding during the period. Diluted net income 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 nine months ended September 30, 2025, there were nil and 1.1 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 103,916 common stock equivalents were excluded in the diluted earnings per share calculation for the three and nine months ended September 30, 2024, respectively.
Three Months Ended September 30,Nine Months Ended September 30,
In thousands except per share amounts2025202420252024
Net income available to common stockholders$266,824 $48,739 $370,903 $21,048 
Weighted average shares:
Basic637,788 393,969 596,939 390,936 
Effect of stock-based compensation plans7,091 6,869 6,579 5,442 
Diluted644,879 400,838 603,518 396,378 
Income per share:
Basic$0.42 $0.12 $0.62 $0.05 
Diluted$0.41 $0.12 $0.61 $0.05 
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. On August 8, 2025, the Company and BMO Capital Markets Corp. amended the Company 10b5-1 Plan to modify certain terms of the arrangement (the “Modified Company 10b5-1 Plan”).
The following table summarizes repurchases made pursuant to the 10b-18 Agreement in the three and nine months ended September 30, 2025:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Shares repurchased451,700 — 668,200 — 
Cost of shares$5,334 — $7,338 — 
Average price paid per share$11.79 — $10.96 —