科尔黛伦矿业 2025年季度报告

FORM10-Q ☑Quarterly Report Pursuant to Section13 or 15(d) of the Securities Exchange Act of 1934For the quarterly period endedMarch 31, 2025 COEUR MINING, INC. (Exact name of registrant as specified in its charter) Delaware(State or other jurisdiction ofincorporation or organization)200 S. Wacker Dr.Suite 2100Chicago,Illinois Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files.)Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☑ The Company has 900,000,000 shares of common stock, par value of $0.01, authorized of which639,697,401shares were issued andoutstanding as of May5, 2025. INDEXPagePartI.Financial InformationItem 1. Financial StatementsCondensed Consolidated Balance Sheets (Unaudited)4Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited)5Condensed Consolidated Statements of Cash Flows (Unaudited)6Condensed Consolidated Statement of Changes in Stockholders’ Equity (Unaudited)7Notes to Condensed Consolidated Financial Statements (Unaudited)8Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations25Consolidated Financial Results26Results of Operations32Liquidity and Capital Resources35Non-GAAP Financial Performance Measures38Item 3. Quantitative and Qualitative Disclosures about Market Risk44Item 4. Controls and Procedures45PartII.Other Information46Item 1. Legal Proceedings46Item 1A. Risk Factors46Item 4. Mine Safety Disclosures46Item 5. Other Information46Item 6. Exhibits46Signatures47 Coeur Mining, Inc. and SubsidiariesNotes to Condensed Consolidated Financial Statements NOTE 1 -BASIS OF PRESENTATION 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 POLICIES Significant Accounting Policies Please see Note 2 — Summary of Significant Accounting Policies contained in the 2024 10-K. Use of Estimates The 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 therelated disclosure of contingent assets and liabilities at the date of the Condensed Consolidated Financial Statements and reportedamounts of revenues and expenses during the reporting period. The more significant areas requiring the use of management estimatesand assumptions relate to metal prices and mineral reserves that are the basis for future cash flow estimates utilized in impairmentcalculations and units-of production amortization calculations, environmental, reclamation and closure obligations, estimates of Ore on Leach Pads The 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 inpreparation for the blasting process, samples are taken of the drill residue which are assayed to determine estimated quantities ofcontained metal. The Company then processes the ore through crushing facilities where the output is again weighe