SCHEDULE: Vanguard Group Amends Coeur Mining Stake to 9.06%

The Vanguard Group reported a 9.06% beneficial ownership in Coeur Mining Inc. common stock, totaling 58,212,676 shares, as of December 31, 2025.

Summary

• The Vanguard Group holds 58,212,676 shares of Coeur Mining Inc. common stock.
• This represents 9.06% of the class of securities.
• The event date requiring this filing was December 31, 2025.
• Vanguard has shared voting power over 5,179,405 shares and shared dispositive power over 58,212,676 shares.
• An internal realignment occurred on January 12, 2026, where The Vanguard Group, Inc. ceased performing portfolio management services and proxy voting, with subsidiaries expected to report beneficial ownership separately.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, as it confirms continued significant institutional investment in Coeur Mining Inc. by a major asset manager, without indicating any adverse changes in investment intent.

Positives

• The Vanguard Group, a major institutional investor, maintains a significant stake in Coeur Mining Inc., indicating continued institutional interest.
• The holding is for ordinary course of business, not for control, suggesting a passive investment strategy.

Negatives

• No explicit negatives are stated in this Schedule 13G filing, which primarily focuses on beneficial ownership disclosure.

Risks

• No specific risks related to Coeur Mining Inc. are mentioned in this Schedule 13G filing, which focuses on beneficial ownership.

Future Outlook

NA

Management Comments

• The Vanguard Group, Inc. anticipates that certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that currently have, or are deemed to have, beneficial ownership with The Vanguard Group, Inc., will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on SEC Release No. 34-39538 (January 12, 1998).
• These subsidiaries and/or business divisions pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment.
• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

StockSavvy.ai notes that institutional ownership by major asset managers like The Vanguard Group is a common feature in the mining sector, particularly for established companies like Coeur Mining Inc. This filing reflects a passive investment, typical for large index or actively managed funds, rather than a strategic move to influence company operations. The internal realignment within Vanguard is an internal operational change, not directly related to Coeur Mining's industry position.

Corporate Governance

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake and its passive investment intent.
• Management: Confirms continued institutional interest in the company's stock.

Next Steps

• Vanguard's subsidiaries or business divisions are expected to report beneficial ownership separately on a disaggregated basis following the internal realignment.

Key Dates

Recommendation

The filing indicates a stable, passive institutional ownership by The Vanguard Group, with no new information suggesting a change in Coeur Mining Inc.'s fundamentals or strategic direction. The internal realignment within Vanguard is an administrative change for the reporting entity, not the underlying investment thesis for Coeur Mining. Therefore, a 'hold' recommendation is appropriate as there are no new catalysts for 'buy' or 'sell' based solely on this ownership disclosure.

Keywords

Coeur Mining Inc, Vanguard Group, Common Stock, Schedule 13G, Beneficial Ownership, Institutional Investor, Mining, Precious Metals