Net Income (Loss) Per Share

12 Months Ended

Dec. 31, 2025

NET INCOME (LOSS) 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 years ended December 31, 2025, 2024 and 2023, there were 12,917, 61,467 and 1,777,273 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.


	Year Ended December 31,
In thousands except per share amounts		2025		2024		2023




Net income (loss) available to common stockholders		$	585,872	$	58,900	$	(103,612)

Weighted average shares:
Basic		607,201		391,709		343,059
Effect of stock-based compensation plans		7,465		5,713		—
Diluted		614,666		397,422		343,059

Income (loss) per share:


Basic		$	0.96	$	0.15	$	(0.30)




Diluted		$	0.95	$	0.15	$	(0.30)

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 year ended December 31, 2025:


	Year Ended December 31,
		2025
Shares repurchased		814,129
Cost of shares (in thousands)		$	9,625
Average price paid per share		$	11.82