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Coeur Mining Inc

CDE

Materials

2

exclusion reasons

2 themes

Fossil Fuels (1) Environmental Harm (1)
CDE Materials Current as of March 2026

Coeur Mining Inc is screened out under 2 exclusion reasons spanning 2 issue categories.

This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. It is a statement of values.

Extractive Industries
Since Nov 29, 2021

Coeur Mining, Inc. is a U.S.-based precious metals mining company that derives its revenue from the extraction of gold and silver. It operates five wholly-owned mines in North America, including the Palmarejo gold-silver complex in Mexico, the Rochester silver-gold mine in Nevada, and the Kensington gold mine in Alaska. The company's core business is the extraction of non-fuel minerals, specifically precious metals.

Recent legal actions highlight ongoing operational and governance challenges. In late 2025, the company faced shareholder lawsuits seeking to halt its strategic merger with New Gold Inc., alleging insufficient disclosures about the transaction. Separately, Coeur has been involved in an international investment dispute with Mexico concerning unpaid VAT refunds related to royalty agreements at its Mexican mining operations.

The company's operations are inherently tied to extractive industry practices. Its business model involves large-scale earth-moving, mineral processing, and waste rock management, which carries a high inherent risk of environmental damage and community impact, as evidenced by its historical abandonment of mineral properties and ongoing legal disputes.

Environmental Damage
Since Oct 14, 2021

Coeur Mining operates the Kensington Mine in Alaska, a hard-rock gold mining facility. In 2015, an EPA inspection of the mine documented violations of the Clean Water Act related to pollution discharges. This led to a 2019 settlement in which Coeur Alaska, the operating subsidiary, agreed to pay fines. The underlying legal dispute, which reached the U.S. Supreme Court in *Coeur Alaska, Inc. v. Southeast Alaska Conservation Council*, centered on whether the mine's discharge of slurry into a nearby lake was permissible under the Act. The company's operations contribute to the documented pattern of habitat destruction and toxic contamination associated with hard-rock mining, as noted in broader industry assessments linking such activity to ecosystem damage and persistent metal pollution.

Research Sources 16 organizations

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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.

This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.

Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.