科尔黛伦矿业 2025年季度报告

For the quarterly period endedMarch 31, 2025 Transition Report Pursuant to Section13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from Commission file number001-08641____________________________________________ ____________________________________________ 200 S. Wacker Dr. ☑Acceleratedfiler Non-accelerated filer☐SmallerreportingcompanyEmerging growthcompany Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations Net income (loss)Other comprehensive income (loss) Debt-for-Equity Exchange1,772185,350——Issuance of flow-through shares7,7057722,908——Common stock issued/canceled under long-termincentive plans, annual incentive plans, directorfees and options, net2,823282,440——Balances at March 31, 2024398,583$3,986$4,170,568$(3,150,278)$(6,147)$ The interim condensed consolidated financial statements of Coeur Mining, Inc. and its subsidiaries (collectively, “Coeur” or the“Company”) are unaudited. In the opinion of management, all adjustments and disclosures necessary for the fair presentation of theseinterim statements have been included. The results reported in these interim statements may not be indicative of the results which willbe reported for the year ending December 31, 2025. The condensed consolidated December 31, 2024 balance sheet data was derived NOTE 2 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESSignificant Accounting Policies Use of EstimatesThe Company's Condensed Consolidated Financial Statements have been prepared in accordance with United StatesGenerally Accepted Accounting Principles (“U.S. GAAP”). The preparation of the Company’s Condensed Consolidated FinancialStatements requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the impairments, valuation allowances for deferred tax assets, and the fair value and accounting treatment of financial instruments, equitysecurities, asset acquisitions, the allocation of fair value to assets and liabilities assumed in connection with business combinations, believed to be reasonable under the circumstances. Accordingly, actual results will differ from the amounts estimated in these financialOre on Leach PadsThe heap leach process extracts silver and gold by placing ore on an impermeable pad and applying a diluted cyanide solutionthat dissolves a portion of the contained silver and gold, which are then recovered in metallurgical processes. The Company usesseveral integrated steps to scientifically measure the metal content of ore placed on the leach pads. As the ore body is drilled in solution is collected from the leach pads, it is continuously sampled for assaying. The quantity of leach solution is measured by flowmeters throughout the leaching and precipitation process. After precipitation, the product is converted to doré at the Rochester mine and a form of gold electrolytic cathodic sludge at the Wharf mine, representing the final product produced by each mine. Theinventory is stated at lower of cost or net realizable value, with cost being determined using a weighted average cost method. contained within the broken ore expected to be extracted beyond 12 months is classified as non-current. Ore on leach pads is valuedbased on actual production costs incurred to produce and place ore on the leach pad, less costs allocated to minerals recovered throughthe leach process. measure metal content during each stage of the inventory conversion process includes estimated recovery rates based on laboratorytesting and assaying. The Company periodically reviews its estimates compared to Wharf. Each pad goes through an approximate 24-month process of loading of ore, leaching and offloading which includes aneutralization and denitrification process. During the leaching cycle of each pad, revised estimated recoverable ounces for each of thepads may result in an upward or downward revision from time to time, which generally have not been significant. Updated recoverableounce estimates are considered a change in estimate and was accounted for prospectively. As of March 31, 2025, the Company’sestimated recoverable ounces of gold and silver on the leach pads were 54,208 and 7.4million, respectively. acquisition. Goodwill is allocated to reporting units and tested for impairment annually as of December 31 and when events or changesin circumstances indicate that the carrying value of a reporting unit exceeds its fair value. Each operating mine is considered a distinct reporting unit for purposes of goodwill impairment testing.The Company may elect to perform a qualitative assessment if it is more likely than not that the fair value exceeds thecarrying value. If the Company determines that it is more likely than not that the fair value is less than the carrying value, aquantitative goodwill impairment test is performed to determine the fair value of the reporting unit. The fair value of a reporting unit isdetermined using eit