Coeur Reports Fourth Quarter and Full-Year 2025 Results

Coeur invested approximately $25 million ($19 million expensed and $7 million capitalized) in exploration during the quarter, compared to approximately $30 million ($25 million expensed and $5 million capitalized) in the prior period. For the full year, the Company invested approximately $108 million ($87 million expensed and $21 million capitalized) compared to roughly $77 million ($60 million expensed and $17 million capitalized) in 2024. See the “Operations” and “Exploration” sections for additional detail on the Company’s exploration activities.

The Company recorded income tax expense of approximately $113 million and $97 million during the fourth quarter and for the full year, respectively. Cash income and mining taxes paid during the period totaled approximately $41 million, bringing the full-year total to $178 million, including $63 million, $38 million, and $36 million in the first, second, and third quarters, respectively. Cash taxes paid in 2025 primarily reflect income and mining tax payments in Mexico. Coeur expects to pay approximately $150 – $160 million in cash taxes during the first quarter of 2026, primarily as a result of strong operational performance at Palmarejo and Las Chispas.

Quarterly operating cash flow increased to $375 million compared to $238 million in the prior period, driven by strong operational performance, increased metal sales and higher average metals prices. For the full year, operating cash flow totaled $887 million compared to $174 million in the prior period.

Fourth quarter capital expenditures were $61 million compared to $49 million in the prior period, bringing the full-year total to $221 million and within Coeur’s 2025 guidance range of $187 – $225 million. Sustaining and development capital expenditures accounted for approximately $48 million and $14 million, or 78% and 22%, respectively, of Coeur’s total capital investment during the quarter.

Coeur repurchased $2.3 million of shares in the fourth quarter, bringing the full-year total to $9.6 million. Repurchase activity was limited in the quarter due to a blackout period leading up to the announcement of the New Gold acquisition and trading restrictions post-announcement that limited repurchase volume and timing.

Operations

Fourth quarter and full-year 2025 highlights for each of the Company’s operations are provided below.

Las Chispas, Mexico

Operational

• Fourth quarter gold and silver production totaled 14,719 and 1.4 million ounces, respectively, compared to 16,540 and 1.6 million ounces in the prior period. For the full year, gold and silver production totaled 54,705 and 5.1 million ounces, respectively, which fell within the Company’s 2025 guidance ranges of 50,000 – 58,000 ounces of gold and 5.0 – 5.5 million ounces of silver

• Production during the quarter was affected by higher gold and silver grades, offset by lower throughput rates and recoveries

Financial

• Silver and gold accounted for approximately 55% and 45%, respectively, of revenue during the quarter

• Fourth quarter adjusted CAS¹ for gold and silver on a co-product basis totaled $1,010 and $13.37 per ounce, respectively. CAS¹ per gold and silver ounce includes the impact of the $3.3 million of purchase price allocation ascribed to inventory, which contributed $101 per gold ounce and $1.33 per silver ounce to costs applicable to sales

• For the full year, adjusted CAS¹ for gold and silver on a co-product basis totaled $1,649 and $19.11 per ounce, respectively. CAS¹ per gold and silver ounce includes the impact of the $93.5 million of purchase price allocation ascribed to inventory, which contributed $770 per gold ounce and $8.93 per silver ounce to costs applicable to sales. Excluding this non-cash adjustment, both gold and silver ended the year within their 2025 guidance ranges of $850 – $950 and $9.25 – $10.25 per ounce, respectively. The non-cash PPA adjustment will not be required on a go-forward basis as the original four-month stockpile has been fully processed and replaced with newly mined material in front of the mill, totaling approximately 1.8 million ounces of silver and approximately 18,800 ounces of gold

• Free cash flow¹ in the fourth quarter and full year totaled $79 million and $286 million, respectively

Exploration

• Exploration investment in the fourth quarter totaled approximately $7 million ($3 million expensed and $4 million capitalized) compared to $4 million ($3 million expensed and $2 million capitalized) in the prior period

• Up to six rigs were operational in the Las Chispas Block and the Gap Zone (three on surface and three underground), and up to seven rigs active at Babicanora

• Drilling in 2025 was mainly focused on expansion and infill drilling of known veins, with scout drilling undertaken at the El Cumaru and Espiritu Santo targets

• Several new veins and associated splays were discovered this year, including the Augusta and Promesa systems in the Gap/Las Chispas Blocks, and the Lupita vein discovered during the quarter in the Babicanora Block

• All three veins are delivering multi‑kilo silver‑equivalent intercepts, highlighting the strong mineralization and continued discovery potential of the land package not only through scout drilling, but also through focused expansion and infill drilling between the known vein systems

• In 2026, the Company expects to continue systematic expansion and infill drilling, with greater emphasis on scout drilling

Guidance

• Full-year 2026 production is expected to be 55,000 – 65,000 ounces of gold and 5.5 – 6.3 million ounces of silver

• Adjusted CAS¹ in 2026 are expected to be $750 – $950 per gold ounce and $12.50 – $14.50 per silver ounce

• Capital expenditures in 2026 are expected to be $71 – $84 million, consisting primarily of sustaining capital and underground development

• Exploration investment in 2026 is expected to be $21 – $26 million ($11 – $14 million expensed and $10 – $12 million capitalized)

Palmarejo, Mexico

Operational

• Fourth quarter gold and silver production totaled 25,662 and 1.6 million ounces, respectively, compared to 24,802 and 1.5 million ounces in the prior period and 22,490 and 1.5 million ounces in the fourth quarter of 2024. For the full year, gold and silver production totaled 100,768 and 6.5 million ounces, respectively, which fell within the Company’s 2025 guidance ranges of 96,000 – 106,000 ounces of gold and 6.0 – 6.8 million ounces of silver

• Production increases during the quarter were driven by higher tonnes milled, partially offset by lower gold and silver grades

Financial

• Silver and gold accounted for approximately 57% and 43%, respectively, of revenue during the quarter

• Fourth quarter adjusted CAS¹ for gold and silver on a co-product basis totaled $847 and $18.13 per ounce, respectively

• For the full year, adjusted CAS¹ for gold and silver on a co-product basis totaled $871 and $15.85 per ounce, respectively, compared to $892 and $14.28 per ounce in the prior period. Gold CAS¹ finished the year below the Company’s 2025 guidance range of $890 – $960 per ounce, while silver CAS¹ was within the Company’s 2025 guidance range of $15.00 – $16.00 per ounce

• Capital expenditures increased to $8 million compared to $6 million in the prior period. For the full year, capital expenditures decreased 17% from the prior period to $26 million

• Free cash flow¹ in the fourth quarter and full year totaled $63 million and $155 million, respectively, compared to $47 million and $108 million, respectively, in the prior periods

Exploration

• Exploration investment for the fourth quarter totaled approximately $6 million ($5 million expensed and $1 million capitalized) compared to roughly $6 million (substantially all expensed) in the prior period. For the full year, exploration investment increased 50% to roughly $20 million (substantially all expensed)

• The exploration program continued with 11 rigs across the property during the fourth quarter

• Step-out drilling along the Hidalgo Corridor (Hidalgo, Libertad and San Juan veins) delivered excellent results, with a cumulative 850 meters of additional strike length defined this year. Since its discovery in 2019, Hidalgo has become Palmarejo’s second largest reserve (after the Guadalupe deposit) and is expected to expand further

• A key focus during the quarter was the Guazapares block located in East Palmarejo, where validation drilling of the San Miguel and La Union deposits was successfully completed, with excellent results including some of the best intercepts ever seen at Palmarejo (see press release dated December 8, 2025)

• Exploration in 2025 was primarily focused on supporting mine life in the Hidalgo – Independencia Mine Corridor, validating the historic Fresnillo resources (at Independencia Sur, San Miguel and La Union) outside the area impacted by the gold stream with Franco-Nevada, and continuing to build the inferred pipeline, with particular focus in East Palmarejo. All these goals were successfully achieved with significant additions to reserves in the Mine Corridor and large resource growth in the Guazapares Corridor

• Key goals in 2026 are to accelerate infill drilling via new underground infrastructure at Hidalgo, continue to build the near-mine inferred pipeline and further increase budget allocation to East Palmarejo in order to build significant new resources outside the Franco-Nevada gold stream area of interest. Over 70% of this year’s exploration budget is expected to be allocated outside this area of interest, representing the highest level ever

Other

• Approximately 49% and 48% of Palmarejo’s gold sales in the fourth quarter and full year, respectively, were sold under the gold stream agreement with Franco-Nevada at a price of $800 per ounce, totaling 11,948 ounces in the fourth quarter and 48,394 ounces for the full year. The Company anticipates approximately 40% – 50% of Palmarejo’s 2026 gold sales will be sold under the gold stream agreement

Guidance

• Full-year 2026 production is expected to be 95,000 – 105,000 ounces of gold and 6.25 – 7.0 million ounces of silver

• Adjusted CAS¹ in 2026 are expected to be $700 – $900 per gold ounce and $21.50 – $23.50 per silver ounce

• Capital expenditures in 2026 are expected to be $35 – $41 million, consisting primarily of sustaining capital and underground development

• Exploration investment in 2026 is expected to be $24 – $28 million ($22 – $24 million expensed and $2 – $4 million capitalized)

Rochester, Nevada

Operational

• Silver and gold production in the fourth quarter increased to 1.7 million and 17,722 ounces, respectively, compared to 1.6 million and 14,801 ounces in the prior period and 1.6 million and 15,752 ounces in the fourth quarter of 2024. For the full year, silver and gold production totaled 6.1 million and 60,178 ounces, respectively, which was within 2025 guidance ranges of 6.0 – 6.7 million ounces of silver and 55,000 – 62,500 ounces of gold, and represented year-over-year increases of 40% and 54%, respectively

• Record quarterly ore tonnes crushed and placed were achieved during the quarter. Ore tonnes placed through the crushing circuit increased 12% to 6.4 million tonnes (7.0 million imperial tons) compared to 5.7 million tonnes (6.3 million imperial tons) in the prior quarter. Tonnes placed during the quarter totaled 9.3 million tonnes (10.2 million imperial tons), compared to 7.5 million tonnes (8.3 million imperial tons) in the prior period. Additionally, the Company placed approximately 2.9 million tonnes (3.2 million imperial tons) of direct-to-pad (“DTP”) material, up 57% from 1.9 million tonnes (2.0 million imperial tons) of DTP material placed in the prior quarter

Financial

• Silver and gold accounted for approximately 56% and 44%, respectively, of revenue during the quarter

• Fourth quarter adjusted CAS¹ for gold and silver on a co-product basis totaled $1,458 and $19.69 per ounce, respectively

• Full-year adjusted CAS¹ for gold and silver on a co-product basis totaled $1,570 and $18.39 per ounce, respectively, compared to $1,663 and $20.07 per ounce in the prior period

• Capital expenditures increased to $15 million compared to $12 million in the prior period, driven by ramp-up of activities related to the next phase of Stage 6 leach pad development. Full-year capital expenditures totaled $66 million compared to $73 million in the prior period

• Free cash flow¹ in the fourth quarter and for the full year totaled $78 million and $101 million, respectively, compared to $30 million and $(68) million, respectively, in the prior periods

Exploration

• Exploration investment in the fourth quarter totaled approximately $3 million (substantially all expensed) compared to roughly $3 million (substantially all expensed) in the prior quarter. For the full year, exploration investment totaled roughly $12 million ($9 million expensed and $3 million capitalized)

• One rig was active during the quarter conducting infill, expansion and condemnation drilling at Lincoln Hill

• During 2025, exploration programs were mainly focused on the drilling and upgrading of the geological models at Rochester, Nevada Packard and Lincoln Hill. Drilling was focused on assessing the opportunity for higher grade material. Multiple high-grade structures were tested, with targets in East Rochester demonstrating strong potential. In 2026, further work is planned to test higher grade targets in the Corridor and at Lincoln Hill

• Three new geological models were completed in 2025, enabling enhanced exploration targeting and operational support through inclusion of more orebody characterization for long range planning

• In the first half of 2026, drilling to support POA 12 is expected to be completed, with a pivot to target generation, ranking and scout drilling for the remainder of the year

Guidance

• Full-year 2026 production is expected to be 6.4 – 7.8 million ounces of silver and 70,000 – 90,000 ounces of gold

• Adjusted CAS¹ in 2026 are expected to be $23.00 – $25.00 per silver ounce and $1,350 – $1,550 per gold ounce

• Capital expenditures in 2026 are expected to be $96 – $110 million, which includes projects related to the Phase 2 development of the Stage 6 leach pad and modifications after the startup of the crusher corridor

• Exploration investment in 2026 is expected to be $14 – $17 million ($7 – $9 million expensed and $7 – $8 million capitalized)

Kensington, Alaska

Operational

• Gold production in the fourth quarter totaled 29,567 ounces compared to 27,231 ounces in the prior period and 26,931 ounces in the fourth quarter of 2024. For the full year, gold production totaled 106,068 ounces and was within the 2025 guidance range of 98,500 – 108,500 ounces, and represented a year-over-year increase of 11%

• Stronger production during the quarter was driven by higher average gold grade and increased mill throughput

Financial

• Fourth quarter adjusted CAS¹ totaled $1,533 per ounce compared to $1,659 per ounce in the prior period, due primarily to increased metal sales. Full-year adjusted CAS¹ totaled $1,685 per ounce compared to $1,651 in the prior period and was below the 2025 guidance range of $1,700 – $1,800 per ounce

• Capital expenditures increased 17% quarter-over-quarter to $18 million. For the full year, capital expenditures decreased 5% to $66 million

• Free cash flow¹ in the fourth quarter and full year totaled $51 million and $92 million, respectively, compared to $31 million and $(28) million, respectively, in the prior periods

Exploration

• Exploration investment in the fourth quarter totaled approximately $2 million ($1 million expensed and $1 million capitalized), compared to $4 million ($2 million expensed and $2 million capitalized) in the prior period. For the full year, exploration investment totaled roughly $15 million ($8 million expensed and $8 million capitalized)

• Expansion and infill drilling in Lower Kensington was completed during the quarter. Additional expansion and infill drilling was also undertaken in Upper Kensington at Zone 30B

• In 2025, the Company successfully achieved its exploration goals at Kensington resulting in a meaningful increase in life of mine, with efforts focused on maintaining life-of-mine levels, recommencing scout drilling, and improving orebody knowledge

• Exploration programs in 2026 are expected to continue similarly with an increased focus on scout drilling

Guidance

• Full-year 2026 production is expected to be 98,000 – 110,000 gold ounces

• Adjusted CAS¹ in 2026 are expected to be $1,750 – $1,950 per gold ounce

• Capital expenditures in 2026 are expected to be $54 – $63 million, which includes investment related to raising the main tailings storage facility embankment, expected to be completed this year

• Exploration investment in 2026 is expected to be $14 – $15 million ($8 – $9 million expensed and $6 – $6 million capitalized)

Wharf, South Dakota

Operational

• Gold production in the fourth quarter decreased 12% quarter over quarter to 24,759 ounces. For the full year, gold and silver production totaled 97,327 and 135,722 ounces, respectively, which was within the 2025 guidance ranges of 93,000 – 103,000 ounces of gold and 100,000 – 150,000 ounces of silver

• Lower production during the quarter was largely due to timing of ounces placed on the leach pad in the prior quarter at a lower average gold grade

• Ore tonnes placed were 51% lower than the third quarter as a result of a fire incident at the tertiary crusher which occurred during regularly scheduled maintenance. The tertiary crusher sustained damage to conveyor belts, electrical system components and other ancillary equipment which will require replacement, but the site is partially mitigating reduced crushing capacity by adding temporary crushing capacity. Detailed engineering for the replacement crusher has been completed and a new tertiary crushing system is planned to be installed and commissioned during the second quarter of 2026. Production is expected to progressively increase throughout the year as permanent crushing capacity is restored

Financial

• Adjusted CAS¹ on a by-product basis increased 4% quarter-over-quarter to $1,121 per ounce, due primarily to lower gold sales. Full-year adjusted CAS¹ totaled $1,151 per ounce and was within the 2025 guidance range of $1,125 – 1,225 per ounce

• Capital expenditures totaled approximately $4 million compared to $3 million in the prior period

• Free cash flow¹ in the fourth quarter and full year totaled $62 million and $162 million, respectively, compared to $54 million and $95 million in the prior periods

Exploration

• Exploration investment during the fourth quarter totaled $1 million (substantially all expensed), compared to $3 million ($1 million expensed and $2 million capitalized) in the prior quarter. For the full year, exploration investment totaled roughly $10 million ($7 million expensed and $2 million capitalized)

• During 2025, the key aims of exploration at Wharf were to complete expansion and infill programs at the Juno and North Foley deposits with the aim of extending mine life. These were achieved in the third quarter, with results supporting a doubling of mine life and a trebling of inferred resources to 1.5 million

• In 2026, programs are expected to be focused on further conversion at Juno and North Foley and to build the inferred pipeline

Guidance

• Full-year 2026 production is expected to be 72,000 – 90,000 ounces of gold and 50,000 – 200,000 ounces of silver

• Adjusted CAS¹ in 2026 are expected to be $1,400 – $1,600 per gold ounce

• Capital expenditures in 2026 are expected to be $17 – $23 million, which reflects remediation of the existing crusher and planned infrastructure upgrades

• Exploration investment in 2026 is expected to be $10 – $12 million ($8 – $9 million expensed and $2 – $3 million capitalized)

Exploration

During the fourth quarter, Coeur invested approximately $25 million ($19 million expensed and $7 million capitalized), compared to roughly $30 million ($25 million expensed and $5 million capitalized) in the prior period. For the full year, the Company invested approximately $108 million ($87 million expensed and $21 million capitalized), compared to roughly $77 million ($60 million expensed and $17 million capitalized) in 2024.

At Silvertip, exploration investment totaled approximately $6 million in the fourth quarter, compared to $10 million in the prior period, with up to five rigs drilling across the property. During the fourth quarter, scout and expansion drilling focused on the Southern Silver, Discovery, Camp Creek and Saddle Zones, using one underground rig and four surface rigs. In 2025, all the key exploration aims were achieved, including completion of the geological model, drilling to support the study program that is underway, and completion of regional programs that started in 2024.

The Company’s exploration investment in 2026 is expected to total $93 – $103 million for expansion drilling (classified as exploration expense) and $27 – $33 million for infill drilling (capitalized exploration) for a total expected investment of $120 – $136 million.

Top exploration priorities for 2026 are: (i) continuing to extend and infill known deposits to support future life of mine and building the inferred pipeline at Las Chispas, in addition to restarting regional exploration; (ii) infill drilling at Hidalgo to support near-term life of mine additions at Palmarejo, continuing to build the inferred pipeline to provide optionality to the operation, with particular emphasis on East Palmarejo; (iii) completing all drilling to support the next stage of mine permit expansion at Rochester along with regional studies and scout drilling across the district to build the exploration pipeline; (iv) maintaining a five-year reserve-based mine life at Kensington and increasing focus on scout drilling to add inferred resources; (v) continuing the expansion and infill programs at Wharf to further add to the life of mine and district-scale work to support long-term mine life additions; (vi) drill programs to support the study program and continue expanding the resource base at Silvertip through a mix of scout, expansion and infill drilling, totaling approximately $35 million.

2026 Guidance

The Company has provided guidance for full-year 2026 including production, CAS, capital expenditures, depreciation, depletion and amortization (“DD&A”), exploration, general and administrative expenses (“G&A”), and income and mining tax.

Overall cost guidance reflects higher expected royalty expense driven by stronger realized metal prices, particularly at Rochester, the impact of a stronger Mexican peso, inflation of 3% to 5% across the portfolio, and higher planned maintenance costs. For our co-product mines (Las Chispas, Palmarejo, Rochester), costs are allocated to gold and silver based on their relative revenue contribution. Given the higher expected contribution of silver to total revenue due to the silver price’s outperformance relative to the gold price, silver CAS per ounce is expected to be higher in 2026, consistent with the trend seen in the second half of 2025.

2026 Production Guidance

2026 Adjusted Costs Applicable to Sales Guidance

2026 Capital, DD&A, Exploration, G&A and Income and Mining Tax Guidance

Financial Results and Conference Call

Coeur will host a conference call to discuss its fourth quarter 2025 financial results on February 19, 2026 at 11:00 a.m. Eastern Time.

Hosting the call will be Mitchell J. Krebs, Chairman, President and Chief Executive Officer of Coeur, who will be joined by Thomas S. Whelan, Executive Vice President and Chief Financial Officer, Michael “Mick” Routledge, Executive Vice President and Chief Operating Officer, Aoife McGrath, Executive Vice President, Exploration, and other members of management. A replay of the call will be available through February 26, 2026.

About Coeur

Coeur Mining, Inc. is a U.S.-based, well-diversified, growing precious metals producer with five wholly-owned operations: the Las Chispas silver-gold mine in Sonora, Mexico, the Palmarejo gold-silver complex in Chihuahua, Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska and the Wharf gold mine in South Dakota. In addition, the Company wholly-owns the Silvertip polymetallic critical minerals exploration project in British Columbia.

Cautionary Statements

This news release contains forward-looking statements within the meaning of securities legislation in the United States and Canada, including statements regarding EBITDA, cash flow, production, costs, capital expenditures, tax rates and treatment, exploration and development efforts and plans and potential impacts on reserves and resources, mine lives and expected extensions, the gold stream agreement at Palmarejo, anticipated production, and costs and expenses and operations at Las Chispas, Palmarejo, Rochester, Kensington and Wharf. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause Coeur’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the risk that anticipated production, cost and expense levels are not attained, the risks and hazards inherent in the mining business (including risks inherent in developing and expanding large-scale mining projects, environmental hazards, industrial accidents, weather or geologically-related conditions), changes in the market prices of gold and silver and a sustained lower price or higher treatment and refining charge environment, the uncertainties inherent in Coeur’s production, exploration and development activities, including risks relating to permitting and regulatory delays (including the impact of government shutdowns) and mining law changes, ground conditions, grade and recovery variability, any future labor disputes or work stoppages (involving the Company and its subsidiaries or third parties), the risk of adverse outcomes in litigation, the uncertainties inherent in the estimation of mineral reserves and resources, impacts from Coeur’s future acquisition of new mining properties or businesses, risks associated with the anticipated acquisition of New Gold Inc., the risk that the Rochester expansion does not sustain planned performance, the loss of access or insolvency of any third-party refiner or smelter to whom Coeur markets its production, materials and equipment availability, inflationary pressures, changes in applicable tax laws or regulatory interpretations, impacts from tariffs or other trade barriers, continued access to financing sources, the effects of environmental and other governmental regulations and government shut-downs, the risks inherent in the ownership or operation of or investment in mining properties or businesses in foreign countries, Coeur’s ability to raise additional financing necessary to conduct its business, make payments or refinance its debt, as well as other uncertainties and risk factors set out in filings made from time to time with the United States Securities and Exchange Commission, and the Canadian securities regulators, including, without limitation, Coeur’s most recent report on Form 10-K. Actual results, developments and timetables could vary significantly from the estimates presented. Readers are cautioned not to put undue reliance on forward-looking statements. Coeur disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, Coeur undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Coeur, its financial or operating results or its securities. This does not constitute an offer of any securities for sale.

The scientific and technical information concerning our mineral projects in this news release have been reviewed and approved by a “qualified person” under Item 1300 of SEC Regulation S-K, namely our Senior Vice President, Technical Services, Christopher Pascoe. For a description of the key assumptions, parameters and methods used to estimate mineral reserves and mineral resources, as well as data verification procedures and a general discussion of the extent to which the estimates may be affected by any known environmental, permitting, legal, title, taxation, sociopolitical, marketing or other relevant factors, please review the Technical Report Summaries for each of the Company’s material properties which are available at www.sec.gov.

Non-U.S. GAAP Measures

We supplement the reporting of our financial information determined under United States generally accepted accounting principles (U.S. GAAP) with certain non-U.S. GAAP financial measures, including EBITDA, adjusted EBITDA, adjusted EBITDA margin, free cash flow, adjusted net income (loss), operating cash flow before changes in working capital and adjusted costs applicable to sales per ounce. We believe that these adjusted measures provide meaningful information to assist management, investors and analysts in understanding our financial results and assessing our prospects for future performance. We believe these adjusted financial measures are important indicators of our recurring operations because they exclude items that may not be indicative of, or are unrelated to our core operating results, and provide a better baseline for analyzing trends in our underlying businesses. We believe EBITDA, adjusted EBITDA, adjusted EBITDA margin, free cash flow, adjusted net income (loss) and adjusted costs applicable to sales per ounce are important measures in assessing the Company’s overall financial performance. For additional explanation regarding our use of non-U.S. GAAP financial measures, please refer to our Form 10-K for the year ended December 31, 2025.

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