Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-13

Coeur Mining (CDE)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$6,646,601
Mitchell Krebs total, FY2025
99th
CEO pay percentile vs peers
83:1
CEO-to-median pay ratio
98.22%
Say-on-pay support, latest vote
Companies that benchmark against CDE
1 company names CDE as a compensation peer
  • SSR Mining Inc.SSRMFY2025

Each company listed discloses CDE in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named CDE in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Mitchell Krebs$850,000$0$4,223,336$0$1,413,125$0$160,140$6,646,601
Chairman, President & Chief Executive Officer
Michael Routledge525,00001,778,5380689,850072,3493,065,737
Executive Vice President & Chief Operating Officer
Thomas Whelan475,00001,609,1490638,400088,0162,810,565
Executive Vice President & Chief Financial Officer
Casey Nault425,00001,439,7710558,450067,0362,490,257
Executive Vice President, General Counsel & Secretary
Aoife McGrath360,00001,029,8520341,280055,4481,786,580
Executive Vice President, Exploration

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Mitchell Krebs$6,646,601$4,387,806$4,108,972+2,258,795
Michael Routledge3,065,7372,218,5942,067,984+847,143
Thomas Whelan2,810,5652,041,6901,870,042+768,875
Casey Nault2,490,2571,788,3781,709,858+701,879
Aoife McGrath1,786,580

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Aoife McGrathPSU2025-12-31$16,600,000
Casey NaultRSU2025-12-3121,200,000
Thomas WhelanPSU2025-12-3116,600,000
Michael RoutledgePSU2025-12-3116,600,000
Thomas WhelanRSU2025-12-3121,200,000
Mitchell KrebsRSU2025-12-3121,200,000
Mitchell KrebsPSU2025-12-3116,600,000
Casey NaultPSU2025-12-3116,600,000
Michael RoutledgeRSU2025-12-3121,200,000
Aoife McGrathRSU2025-12-3121,200,000
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Aoife McGrath$21,200,000$16,600,000$043.9%
Casey Nault21,200,00016,600,000043.9%
Thomas Whelan21,200,00016,600,000043.9%
Michael Routledge21,200,00016,600,000043.9%
Mitchell Krebs21,200,00016,600,000043.9%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Mitchell KrebsRSU1,232,737$21,979,701
Michael RoutledgeRSU559,2739,971,838
Mitchell KrebsRSU514,2339,168,774
Casey NaultRSU452,7458,072,443
Thomas WhelanRSU496,5018,852,613
Aoife McGrathRSU298,9885,330,956
Michael RoutledgeRSU230,3624,107,354
Thomas WhelanRSU206,3103,678,507
Aoife McGrathRSU124,8402,225,897
Casey NaultRSU186,4843,325,010
05

Incentive-plan design — the Compensation Discussion & Analysis

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultant
Clawback policytrue
Anti-hedging
Anti-pledging
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-12428,071,9017,773,1651,108,94198.22%Passed
20252025-05-14376,260,5338,684,2621,170,72597.74%Passed
20242024-05-14221,226,9327,633,133736,92496.66%Passed
20232023-05-09183,521,3446,347,308436,24196.66%Passed
20222022-05-10158,220,8277,380,6002,213,99295.54%Passed
20212021-05-11141,213,9056,656,849485,34295.5%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-1298.22%a
20252025-05-1497.74%b
20242024-05-1496.66%c

a. Approved under the standard stated in the filing — “) 3 Approval of an amendment to the Company's Certificate of Incorporation to limit the liability of certain officers as permitted by law Majority of outstanding shares of common stock Same as vote Against Same as vote Against 4 Advisory resolution to approve named executive officer compensation Majority of votes cast for the action None 1 No effect 1 Under Delaware law, abstentions and broker no-non votes are not counted as votes cast.”.

b. Approved under the standard stated in the filing — “Approval of an amendment to the Plan to extend the term of the Plan and increase the number of shares of common stock reserved for issuance under the Plan by 19 million Majority of votes cast for the action None (1) No effect 4 Advisory resolution to approve named executive officer compensation Majority of votes cast for the action None (1) No effect (1) Under Delaware law, abstentions are not counted as votes cast.”.

c. Approved under the standard stated in the filing — “2 ​ ​ Ratification of independent auditors for 2024 ​ ​ Majority of votes cast for the action ​ ​ None (1) ​ ​ N/A (broker non-votes are not expected) 3 ​ ​ Advisory vote to approve named executive officer compensation ​ ​ Majority of votes cast for the action ​ ​ None (1) ​ ​ No effect (1) Under Delaware law, abstentions are not counted as votes cast.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)83 : 1
CEO total compensation$6,646,601
Median employee compensation$79,655
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
J. Kenneth ThompsonIndependent · Lead Independent Director · Executive · Nominating and Corporate Governance · Compensation and Leadership Development (Chair)$159,230$91,634$0$0$250,864
Jeane L. HullIndependent125,00091,63400216,634
Linda L. AdamanyIndependent · Audit (Chair) · Compensation and Leadership Development · Executive · Nominating and Corporate Governance125,00091,63400216,634
Robert E. MellorIndependent · Executive · Nominating and Corporate Governance (Chair)115,00091,63400206,634
Eduardo LunaIndependent · Audit100,00091,63400191,634
Paramita DasIndependent · Audit · Nominating and Corporate Governance100,00091,63400191,634
Pierre BeaudoinIndependent · Partial-year service · Newly elected88,00080,63900168,639
N. Eric FierIndependent · Audit · Partial-year service · Newly elected88,00080,63900168,639
Randolph E. GressIndependent · Departed during FY43,06391,63400134,697
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$110,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)25,000 / 25,000 / 15,000
Stock ownership guideline5x annual cash retainer ($500,000)
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$943,293
Equity awards (grant-date value)$802,716
All other compensation$0
Total cost of the board$1,746,009

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

GOOS CanadaCGAU Centerra Gold Inc.RGLD Alamos Gold Inc. Corporate Year-EndTMQ Dundee Precious Metals Inc.
10a

Peer reciprocity

Of the companies Coeur Mining names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Canada (GOOS) Centerra Gold Inc. (CGAU) Alamos Gold Inc. (RGLD)34 Dundee Precious Metals Inc. (TMQ)

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Coeur Mining.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Coeur Mining2025Mitchell Krebs$850,000$4,223,336$0$1,413,125$6,646,601
2Alamos Gold Inc.2025William Heissenbuttel918,0002,759,43701,400,0005,230,084
Canadanot in coverage universe
Centerra Gold Inc.not in coverage universe
Dundee Precious Metals Inc.not in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Coeur Miningnot disclosednot disclosednot disclosednot disclosed
Alamos Gold Inc.138.6%RSU 50 · PSU 50Yes — TSR (Total Stockholder Return) relative to precious metals peer groupIndependent Compensation Consultant (name not disclosed in CD&A)
Canadanot disclosednot disclosednot disclosednot disclosed
Centerra Gold Inc.not disclosednot disclosednot disclosednot disclosed
Dundee Precious Metals Inc.not disclosednot disclosednot disclosednot disclosed

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Mitchell KrebsDEF 14A2026-04-010001140361-26-012491Section “2025 Summary Compensation Table”. As printed: 6,646,601. Filing ↗machine: r2 · c28 · span 2268574–2268583
2Section 01, Michael RoutledgeDEF 14A2026-04-010001140361-26-012491Section “2025 Summary Compensation Table”. As printed: 3,065,737. Filing ↗machine: r8 · c28 · span 2302788–2302797
3Section 01, Thomas WhelanDEF 14A2026-04-010001140361-26-012491Section “2025 Summary Compensation Table”. As printed: 2,810,565. Filing ↗machine: r5 · c28 · span 2285578–2285587
4Section 01, Casey NaultDEF 14A2026-04-010001140361-26-012491Section “2025 Summary Compensation Table”. As printed: 2,490,257. Filing ↗machine: r11 · c28 · span 2320165–2320174
5Section 01, Aoife McGrathDEF 14A2026-04-010001140361-26-012491Section “2025 Summary Compensation Table”. As printed: 1,786,580. Filing ↗machine: r14 · c28 · span 2335922–2335931
6Section 03, Aoife McGrath PSUDEF 14ASection “Executive Compensation” · grants of plan-based awards table.
7Section 03, Casey Nault RSUDEF 14ASection “Executive Compensation” · grants of plan-based awards table.
8Section 03, Thomas Whelan PSUDEF 14ASection “Executive Compensation” · grants of plan-based awards table.
9Section 03, Michael Routledge PSUDEF 14ASection “Executive Compensation” · grants of plan-based awards table.
10Section 03, Thomas Whelan RSUDEF 14ASection “Executive Compensation” · grants of plan-based awards table.
11Section 03, Mitchell Krebs RSUDEF 14ASection “Executive Compensation” · grants of plan-based awards table.
12Section 03, Mitchell Krebs PSUDEF 14ASection “Executive Compensation” · grants of plan-based awards table.
13Section 03, Casey Nault PSUDEF 14ASection “Executive Compensation” · grants of plan-based awards table.
14Section 03, Michael Routledge RSUDEF 14ASection “Executive Compensation” · grants of plan-based awards table.
15Section 03, Aoife McGrath RSUDEF 14ASection “Executive Compensation” · grants of plan-based awards table.
16Section 07, pay ratioDEF 14A2026-04-010001140361-26-012491Section “CEO Pay Ratio”. As printed: 83 : 1. Filing ↗machine: span 2829393–2829402
17Section 08, J. Kenneth ThompsonDEF 14A2026-04-010001140361-26-012491Section “Director Compensation”. As printed: 250,864. Filing ↗
18Section 08, Jeane L. HullDEF 14A2026-04-010001140361-26-012491Section “Director Compensation”. As printed: 216,634. Filing ↗
19Section 08, Linda L. AdamanyDEF 14A2026-04-010001140361-26-012491Section “Director Compensation”. As printed: 216,634. Filing ↗
20Section 08, Robert E. MellorDEF 14A2026-04-010001140361-26-012491Section “Director Compensation”. As printed: 206,634. Filing ↗
21Section 08, Eduardo LunaDEF 14A2026-04-010001140361-26-012491Section “Director Compensation”. As printed: 191,634. Filing ↗
22Section 08, Paramita DasDEF 14A2026-04-010001140361-26-012491Section “Director Compensation”. As printed: 191,634. Filing ↗
23Section 08, Pierre BeaudoinDEF 14A2026-04-010001140361-26-012491Section “Director Compensation”. As printed: 168,639. Filing ↗
24Section 08, N. Eric FierDEF 14A2026-04-010001140361-26-012491Section “Director Compensation”. As printed: 168,639. Filing ↗
25Section 08, Randolph E. GressDEF 14A2026-04-010001140361-26-012491Section “Director Compensation”. As printed: 134,697. Filing ↗
26Section 06, 2026 voteForm 8-K2026-05-130000215466-26-000025Item 5.07 · say-on-pay result. As reported: 98.22% (votes for as printed: 428,071,901). Filing ↗
27Section 06, 2025 voteForm 8-K2025-05-140000215466-25-000085Item 5.07 · say-on-pay result. As reported: 97.74% (votes for as printed: 376,260,533). Filing ↗
28Section 06, 2024 voteForm 8-K2024-05-160000215466-24-000086Item 5.07 · say-on-pay result. As reported: 96.66% (votes for as printed: 221,226,932). Filing ↗
29Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
30Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
31Section 09b board cost (computed)ComputedcomputedCash 943,293 + equity 802,716 + all other 0 = 1,746,009, summed across the director compensation table rows.machine: formula: Σ = 1,746,009
32Coeur Mining (subject), Section 10b CEO totalDEF 14A2026-04-010001140361-26-012491CEO total compensation as printed in Coeur Mining's own proxy. As printed: 6,646,601. Filing ↗machine: r2 · c28 · span 2268574–2268583
33Alamos Gold Inc., Section 10b CEO totalDEF 14A2026-04-030000085535-26-000018CEO total compensation as printed in Alamos Gold Inc.'s own proxy. As printed: 5,230,084. Filing ↗machine: t37 · r2 · c12 · span 361652–361661
34Section 10a, Alamos Gold Inc. reciprocityDEF 14A0000085535-26-000018Alamos Gold Inc.'s most recent proxy was read; its disclosed peer group does not include Coeur Mining. Filing ↗