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Companies Coeur Mining

Coeur Mining (CDE): executive pay, fiscal 2025

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CEO total pay$6,646,601CEO Mitchell Krebs · source
Say-on-pay support98.22%Latest vote · source
CEO vs. named peers99th pct.Of 19 peer CEOs
CEO pay ratio83:1To the median employee · source

CEO pay, last three years

  • $4,108,972FY2023
  • $4,387,806FY2024
  • $6,646,601FY2025

CEO total pay was $6,646,601 in fiscal 2025, up from $4,387,806 in fiscal 2024.

FY2025: salary $850,000 · bonus $0 · stock awards $4,223,336 · option awards $0

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Coeur Mining in fiscal 2025?
As disclosed, Mitchell Krebs (Chairman, President & Chief Executive Officer) was the highest-paid executive at Coeur Mining in fiscal 2025, with total compensation of $6,646,601.
How does Coeur Mining's chief executive pay compare to its disclosed peer group?
As disclosed, Mitchell Krebs's total compensation ranked at the 99th percentile of Coeur Mining's disclosed peer group.
What is Coeur Mining's CEO-to-median employee pay ratio?
As disclosed, Coeur Mining's CEO-to-median employee pay ratio was 83:1.
How did shareholders vote on Coeur Mining's executive compensation?
As disclosed, 98.22% of shareholders supported Coeur Mining's executive compensation in the latest say-on-pay vote.
How much does Coeur Mining spend in total on board compensation for fiscal 2025?
As disclosed, Coeur Mining reported total board compensation of $1,746,009 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table
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 FY2024→2025
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.

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation program aligns with our strong pay-for-performance philosophy and ties a substantial portion of executive compensation to the achievement of annual and long-term strategic objectives. The program is designed to drive performance against critical strategic goals that create long-term stockholder value and to attract, motivate, and retain top executive talent.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantMeridian
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Mitchell KrebsPSU2025-05-1417,47369,892—139,784$694,726
Mitchell KrebsRSU2025-05-14——186,378—1,377,333
Aoife McGrathPSU2025-05-148,52234,086—68,172355,176
Aoife McGrathRSU2025-05-14——45,448—335,861
Casey NaultPSU2025-05-145,95723,827—47,654236,840
Thomas WhelanPSU2025-05-146,65826,630—53,260264,702
Michael RoutledgePSU2025-05-1414,71758,866—117,732613,384
Aoife McGrathPSU2025-05-144,26117,043—34,086169,407
Michael RoutledgePSU2025-05-147,35829,433—58,866292,564
Mitchell KrebsPSU2025-05-1434,946139,784—279,5681,456,549
Michael RoutledgeRSU2025-05-14——78,488—580,026
Thomas WhelanPSU2025-05-1413,31553,259—106,518554,959
Thomas WhelanRSU2025-05-14——71,013—524,786
Casey NaultRSU2025-05-14——63,538—469,546
Casey NaultPSU2025-05-1411,91347,653—95,306496,544
Michael RoutledgePSU2025-05-147,35829,433—58,866292,564
Thomas WhelanPSU2025-05-146,65826,630—53,260264,702
Mitchell KrebsPSU2025-05-1417,47369,892—139,784694,726
Aoife McGrathPSU2025-05-144,26117,043—34,086169,407
Casey NaultPSU2025-05-145,95723,827—47,654236,840

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Mitchell Krebs$1,377,333$2,846,001$067.4%
Aoife McGrath335,861693,990067.4%
Casey Nault469,546970,224067.4%
Thomas Whelan524,7861,084,363067.4%
Michael Routledge580,0261,198,512067.4%

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

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Aoife McGrathRSU124,840—$2,225,897
Casey NaultRSU186,484—3,325,010
Thomas WhelanRSU206,310—3,678,507
Michael RoutledgeRSU230,362—4,107,354
Aoife McGrathPSU298,988—5,330,956
Casey NaultPSU452,745—8,072,443
Thomas WhelanPSU496,501—8,852,613
Mitchell KrebsRSU514,233—9,168,774
Michael RoutledgePSU559,273—9,971,838
Mitchell KrebsPSU1,232,737—21,979,701
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
J. Kenneth ThompsonIndependent · Lead Independent Director · Compensation and Leadership Development (Chair)$159,230$91,634$0—$0$250,864
Linda L. AdamanyIndependent · Audit (Chair) · Compensation and Leadership Development125,00091,6340—0216,634
Jeane L. HullIndependent · Compensation and Leadership Development · Environmental, Health, Safety and Corporate Responsibility (Chair)125,00091,6340—0216,634
Robert E. MellorIndependent · Compensation and Leadership Development · Not standing for re-election115,00091,6340—0206,634
Eduardo LunaIndependent · Audit · Environmental, Health, Safety and Corporate Responsibility100,00091,6340—0191,634
Paramita DasIndependent · Audit · Environmental, Health, Safety and Corporate Responsibility100,00091,6340—0191,634
N. Eric FierIndependent · Audit · Departed during FY88,00080,6390—0168,639
Pierre BeaudoinIndependent · Environmental, Health, Safety and Corporate Responsibility88,00080,6390—0168,639
Randolph E. GressIndependent · Departed during FY43,06391,6340—0134,697

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 guideline$5

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.

Peer group, and who names Coeur Mining as a peer

Companies that benchmark against CDE

5 companies name CDE as a compensation peer

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.

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. Year-End CorporateAGI Alamos Gold Inc.BTG B2Gold Corp.TMQ Dundee Precious Metals Inc.EGO Eldorado Gold Corporation Endeavor Mining plcAUGG Equinox Gold Corp.AG First Majestic Silver Corp. Fortuna Mining Corp.HL Hecla Mining Company Hochschild Mining plcIAG IAMGOLD Corporation New Gold Inc.OGC OceanaGold CorporationPAAS Pan American Silver Corp.SSRM SSR Mining Inc.

Peer reciprocity

The companies Coeur Mining names as compensation peers that name it back in their own disclosed peer groups.

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
2Hecla Mining Company2025Rob Krcmarov850,0002,800,53401,598,8505,453,167
—Canada——————not in coverage universe
—Centerra Gold Inc.——————not in coverage universe
—Alamos Gold Inc.——————not in coverage universe
—B2Gold Corp.——————not in coverage universe
—Dundee Precious Metals Inc.——————not in coverage universe
—Eldorado Gold Corporation——————not in coverage universe
—Equinox Gold Corp.——————not in coverage universe
—First Majestic Silver Corp.——————not in coverage universe
—Iamgold Corporation——————not in coverage universe
—OceanaGold Corporation——————not in coverage universe
—Pan American Silver Corp.——————not in coverage universe
—SSR Mining 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.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Coeur Mining133%PSU 60 · Restricted Stock 40Yes — Three-Year Change in Relative Total Shareholder Return (rTSR)Meridian
Alamos Gold Inc.not disclosednot disclosednot disclosednot disclosed
B2Gold Corp.not disclosednot disclosednot disclosednot disclosed
Canadanot disclosednot disclosednot disclosednot disclosed
Centerra Gold Inc.not disclosednot disclosednot disclosednot disclosed
Dundee Precious Metals Inc.not disclosednot disclosednot disclosednot disclosed
Eldorado Gold Corporationnot disclosednot disclosednot disclosednot disclosed
Equinox Gold Corp.not disclosednot disclosednot disclosednot disclosed
First Majestic Silver Corp.not disclosednot disclosednot disclosednot disclosed
Hecla Mining Companynot disclosednot disclosednot disclosednot disclosed
Iamgold Corporationnot disclosednot disclosednot disclosednot disclosed
OceanaGold Corporationnot disclosednot disclosednot disclosednot disclosed
Pan American Silver Corp.not disclosednot disclosednot disclosednot disclosed
SSR Mining Inc.not disclosedPSU 50 · RSU 50NoPay Governance LLC

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.

Say-on-pay history and pay ratio
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.

CEO pay ratio

Ratio (CEO : median employee)83 : 1
CEO total compensation$6,646,601
Median employee compensation$79,655
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (45 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, Mitchell Krebs. DEF 14A, filed 2026-04-01. Section “2025 Summary Compensation Table” · page 76. As printed: 6,646,601. View filing ↗
  • Section 01, Michael Routledge. DEF 14A, filed 2026-04-01. Section “2025 Summary Compensation Table”. As printed: 3,065,737. View filing ↗
  • Section 01, Thomas Whelan. DEF 14A, filed 2026-04-01. Section “2025 Summary Compensation Table”. As printed: 2,810,565. View filing ↗
  • Section 01, Casey Nault. DEF 14A, filed 2026-04-01. Section “2025 Summary Compensation Table”. As printed: 2,490,257. View filing ↗
  • Section 01, Aoife McGrath. DEF 14A, filed 2026-04-01. Section “2025 Summary Compensation Table”. As printed: 1,786,580. View filing ↗
  • Section 03, Mitchell Krebs PSU. DEF 14A, filed 2026-04-01. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Mitchell Krebs RSU. DEF 14A, filed 2026-04-01. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Aoife McGrath PSU. DEF 14A, filed 2026-04-01. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Aoife McGrath RSU. DEF 14A, filed 2026-04-01. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Casey Nault PSU. DEF 14A, filed 2026-04-01. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Thomas Whelan PSU. DEF 14A, filed 2026-04-01. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Michael Routledge PSU. DEF 14A, filed 2026-04-01. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Aoife McGrath PSU. DEF 14A, filed 2026-04-01. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Michael Routledge PSU. DEF 14A, filed 2026-04-01. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Mitchell Krebs PSU. DEF 14A, filed 2026-04-01. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Michael Routledge RSU. DEF 14A, filed 2026-04-01. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Thomas Whelan PSU. DEF 14A, filed 2026-04-01. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Thomas Whelan RSU. DEF 14A, filed 2026-04-01. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Casey Nault RSU. DEF 14A, filed 2026-04-01. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Casey Nault PSU. DEF 14A, filed 2026-04-01. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Michael Routledge PSU. DEF 14A, filed 2026-04-01. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Thomas Whelan PSU. DEF 14A, filed 2026-04-01. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Mitchell Krebs PSU. DEF 14A, filed 2026-04-01. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Aoife McGrath PSU. DEF 14A, filed 2026-04-01. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Casey Nault PSU. DEF 14A, filed 2026-04-01. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2026-04-01. Section “CEO Pay Ratio”. As printed: 83 : 1. View filing ↗
  • Section 08, J. Kenneth Thompson. DEF 14A, filed 2026-04-01. Section “Director Compensation”. As printed: 250,864. View filing ↗
  • Section 08, Linda L. Adamany. DEF 14A, filed 2026-04-01. Section “Director Compensation”. As printed: 216,634. View filing ↗
  • Section 08, Jeane L. Hull. DEF 14A, filed 2026-04-01. Section “Director Compensation”. As printed: 216,634. View filing ↗
  • Section 08, Robert E. Mellor. DEF 14A, filed 2026-04-01. Section “Director Compensation”. As printed: 206,634. View filing ↗
  • Section 08, Eduardo Luna. DEF 14A, filed 2026-04-01. Section “Director Compensation”. As printed: 191,634. View filing ↗
  • Section 08, Paramita Das. DEF 14A, filed 2026-04-01. Section “Director Compensation”. As printed: 191,634. View filing ↗
  • Section 08, N. Eric Fier. DEF 14A, filed 2026-04-01. Section “Director Compensation”. As printed: 168,639. View filing ↗
  • Section 08, Pierre Beaudoin. DEF 14A, filed 2026-04-01. Section “Director Compensation”. As printed: 168,639. View filing ↗
  • Section 08, Randolph E. Gress. DEF 14A, filed 2026-04-01. Section “Director Compensation”. As printed: 134,697. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-05-13. Item 5.07 · say-on-pay result. As reported: 98.22% (votes for as printed: 428,071,901). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-05-14. Item 5.07 · say-on-pay result. As reported: 97.74% (votes for as printed: 376,260,533). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-05-16. Item 5.07 · say-on-pay result. As reported: 96.66% (votes for as printed: 221,226,932). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 943,293 + equity 802,716 + all other 0 = 1,746,009, summed across the director compensation table rows.
  • Coeur Mining (subject), Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in Coeur Mining's own proxy. As printed: 6,646,601. View filing ↗
  • Hecla Mining Company, Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in Hecla Mining Company's own proxy. As printed: 5,453,167. View filing ↗
  • Section 10a, Hecla Mining Company reciprocity. DEF 14A. Hecla Mining Company names Coeur Mining in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, SSR Mining Inc. reciprocity. DEF 14A. SSR Mining Inc. names Coeur Mining in its own disclosed peer group (read from its most recent proxy). View filing ↗
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