Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2026

Financial information relating to the reporting segments

Financial information relating to the Company’s segments is as follows (in thousands):

Three Months Ended June 30, 2026


Segment Profit (Loss)	Revenue		Costs applicable to sales(1)		Amortization		Exploration		General and Administrative		Pre-development, reclamation, and other		Income (loss) from operations		Other non-operating income (expense)(2)		Income (loss) before income and mining taxes
New Afton	$	133,328	$	52,726	$	106,377	$	5,086	$	26	$	323	$	(31,210)	$	1,727	$	(29,483)
Rainy River	304,784		271,743		79,357		4,773		1		946		(52,036)		3,548		(48,488)
Las Chispas	186,893		35,093		39,626		3,349		466		198		108,161		3,416		111,577
Palmarejo	159,573		61,285		6,086		7,347		351		770		83,734		(1,018)		82,716
Rochester	140,778		58,907		13,691		1,358		386		2,293		64,143		(781)		63,362
Kensington	87,337		48,180		8,220		2,337		353		451		27,796		(98)		27,698
Wharf	72,899		21,813		1,261		1,796		316		(9,292)		57,005		(49)		56,956
Silvertip	—		—		934		6,281		—		3,710		(10,925)		(65)		(10,990)
Other	—		—		433		1,768		20,795		7,158		(30,154)		(8,103)		(38,257)
Total	$	1,085,592	$	549,747	$	255,985	$	34,095	$	22,694	$	6,557	$	216,514	$	(1,423)	$	215,091

(1) Excludes amortization.
(2) Other non-operating expenses include Gain (loss) on debt extinguishment, Fair value adjustments, net, and Other, net. Refer to Notes 8, 12, and 14, respectively. Additionally, Other non-operating expense includes Interest expense, net of capitalized interest, which is primarily incurred at the corporate non-operating segment included in Other.


Other Segment Information	Gold Sales		Silver Sales		Copper Sales		Revenue		Segment Assets(1)		Capital Expenditures
New Afton	$	62,553	$	1,804	$	68,971	$	133,328	$	5,949,685	$	11,826
Rainy River	294,587		10,197		—		304,784		3,709,521		57,097
Las Chispas	73,994		112,899		—		186,893		1,630,214		16,263
Palmarejo	52,330		107,243		—		159,573		312,927		7,142
Rochester	52,403		88,375		—		140,778		1,351,331		17,878
Kensington	87,321		16		—		87,337		263,868		12,159
Wharf	71,804		1,095		—		72,899		168,966		(1,913)
Silvertip	—		—		—		—		230,036		5,141
Other	—		—		—		—		78,185		116
Total	$	694,992	$	321,629	$	68,971	$	1,085,592	$	13,694,733	$	125,709

(1) Segment assets include receivables, prepaids, inventories, property, plant and equipment, mineral interests, and goodwill.

Three Months Ended June 30, 2025


Segment Profit (Loss)	Revenue		Costs applicable to sales(1)		Amortization		Exploration		General and Administrative		Pre-development, reclamation, and other		Income (loss) from operations		Other non-operating income (expense)(2)		Income (loss) before income and mining taxes
Las Chispas	$	102,650	$	57,747	$	22,375	$	3,262	$	92	$	833	$	18,341	$	820	$	19,161
Palmarejo	114,139		48,703		9,406		4,014		447		2,542		49,027		(1,348)		47,679
Rochester	94,977		47,928		16,748		1,224		343		2,308		26,426		(2,763)		23,663
Kensington	89,766		46,083		10,221		1,535		304		318		31,305		(256)		31,049
Wharf	79,118		28,993		1,549		3,479		273		845		43,979		(48)		43,931
Silvertip	—		—		928		9,228		—		2,929		(13,085)		(84)		(13,169)
Other	—		—		194		514		11,791		3,386		(15,885)		(3,108)		(18,993)
Total	$	480,650	$	229,454	$	61,421	$	23,256	$	13,250	$	13,161	$	140,108	$	(6,787)	$	133,321


Other Segment Information	Gold Sales		Silver Sales		Revenue		Segment Assets(1)		Capital Expenditures
Las Chispas	$	53,125	$	49,525	$	102,650	$	1,725,990	$	9,200
Palmarejo	56,067		58,072		114,139		308,483		5,643
Rochester	46,267		48,710		94,977		1,253,548		24,466
Kensington	89,726		40		89,766		246,478		16,318
Wharf	77,929		1,189		79,118		124,995		3,591
Silvertip	—		—		—		221,675		1,528
Other	—		—		—		58,061		61
Total	$	323,114	$	157,536	$	480,650	$	3,939,230	$	60,807

(1) Segment assets include receivables, prepaids, inventories, property, plant and equipment, mineral interests, and goodwill.

Six Months Ended June 30, 2026


Segment Profit (Loss)	Revenue		Costs applicable to sales(1)		Amortization		Exploration		General and Administrative		Pre-development, reclamation, and other		Income (loss) from operations		Other non-operating income (expense)(2)		Income (loss) before income and mining taxes
New Afton	$	171,143	$	88,965	$	120,591	$	5,374	$	(31)	$	1,219	$	(44,975)	$	2,680	$	(42,295)
Rainy River	401,203		364,187		96,046		5,210		108		3,031		(67,379)		6,141		(61,238)
Las Chispas	380,524		66,551		74,945		6,847		881		411		230,889		7,773		238,662
Palmarejo	347,833		112,533		12,875		11,956		703		1,578		208,188		(1,079)		207,109
Rochester	322,182		112,690		29,734		2,287		773		4,518		172,180		(1,729)		170,451
Kensington	196,133		95,993		16,889		4,810		704		558		77,179		(214)		76,965
Wharf	122,766		38,837		2,154		4,956		632		(8,623)		84,810		(123)		84,687
Silvertip	—		—		1,890		15,516		—		7,437		(24,843)		(242)		(25,085)
Other	—		—		686		2,838		40,586		26,255		(70,365)		(15,085)		(85,450)
Total	$	1,941,784	$	879,756	$	355,810	$	59,794	$	44,356	$	36,384	$	565,684	$	(1,878)	$	563,806


Other Segment Information	Gold Sales		Silver Sales		Copper Sales		Revenue		Segment Assets(1)		Capital Expenditures
New Afton	$	81,040	$	2,360	$	87,743	$	171,143	$	5,949,685	$	11,826
Rainy River	388,803		12,400		—		401,203		3,709,521		63,515
Las Chispas	146,359		234,165		—		380,524		1,630,214		28,793
Palmarejo	116,808		231,025		—		347,833		312,927		15,650
Rochester	120,643		201,539		—		322,182		1,351,331		40,710
Kensington	196,140		(7)		—		196,133		263,868		21,296
Wharf	120,421		2,345		—		122,766		168,966		11,162
Silvertip	—		—		—		—		230,036		6,720
Other	—		—		—		—		78,185		116
Total	$	1,170,214	$	683,827	$	87,743	$	1,941,784	$	13,694,733	$	199,788

(1) Segment assets include receivables, prepaids, inventories, property, plant and equipment, mineral interests, and goodwill.

Six Months Ended June 30, 2025


Segment Profit (Loss)	Revenue		Costs applicable to sales(1)		Amortization		Exploration		General and Administrative		Pre-development, reclamation, and other		Income (loss) from operations		Other non-operating income (expense)(2)		Income (loss) before income and mining taxes
Las Chispas	$	160,669	$	100,581	$	31,311	$	5,140	$	102	$	890	$	22,645	$	1,231	$	23,876
Palmarejo	209,945		92,406		18,587		7,874		941		3,677		86,460		(2,021)		84,439
Rochester	177,603		96,464		31,655		2,691		667		4,738		41,388		(5,455)		35,933
Kensington	155,009		88,239		17,692		4,836		594		598		43,050		(518)		42,532
Wharf	137,486		56,030		3,023		6,108		535		1,771		70,019		(189)		69,830
Silvertip	—		—		1,874		15,335		—		6,007		(23,216)		13		(23,203)
Other	—		—		372		954		24,323		12,433		(38,082)		(10,238)		(48,320)
Total	$	840,712	$	433,720	$	104,514	$	42,938	$	27,162	$	30,114	$	202,264	$	(17,177)	$	185,087


Other Segment Information	Gold Sales		Silver Sales		Revenue		Segment Assets(1)		Capital Expenditures
Las Chispas	$	81,007	$	79,662	$	160,669	$	1,725,990	$	14,538
Palmarejo	99,762		110,183		209,945		308,483		11,500
Rochester	88,050		89,553		177,603		1,253,548		39,319
Kensington	154,933		76		155,009		246,478		31,791
Wharf	134,689		2,797		137,486		124,995		10,955
Silvertip	—		—		—		221,675		2,382
Other	—		—		—		58,061		324
Total	$	558,441	$	282,271	$	840,712	$	3,939,230	$	110,809

(1) Segment assets include receivables, prepaids, inventories, property, plant and equipment, mineral interests, and goodwill.

Geographic Information


Long-Lived Assets	June 30, 2026		December 31, 2025
United States	$	1,337,930	$	1,315,939
Mexico	1,763,387		1,815,259
Canada	9,687,398		239,265
Other	233		233
Total	$	12,788,948	$	3,370,696

Consolidated Assets



Assets	June 30, 2026		December 31, 2025
Total assets for reportable segments	$	13,694,733	$	3,928,905
Cash and cash equivalents	1,052,274		553,597
Other assets	456,738		213,180
Total consolidated assets	$	15,203,745	$	4,695,682

Revenue from External Customers by Geographic Areas


Revenue	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025
United States	$	301,014	$	263,861	$	641,081	$	470,098
Mexico	346,466		216,789		728,357		370,614
Canada	438,112		—		572,346		—
Total	$	1,085,592	$	480,650	$	1,941,784	$	840,712