The cost performance of backfill materials in coal mines has long limited the widespread use of backfill technology. Therefore, developing backfill materials that are both cost-effective and high-performing is a pressing scientific issue that requires immediate attention. This study proposes replacing ordinary Portland cement (OPC) with highly active mineral admixtures, such as mineral powder and limestone powder, to prepare a green, low-cost, and high-performance coal mine backfill material. The use of mineral admixtures can improve the performance of the backfill material while reducing its environmental impact. The proposed approach is cost-effective and environmentally friendly. The study employed experimental tests and microscopic characterization methods, such as the slump test, hydration heat test, uniaxial compressive strength test, and microstructure test, to clarify the synergistic reaction mechanism of highly active mineral admixture-based paste backfill material (HAM-PBM). This clarification is helpful in regulating the macroscopic properties of hardened paste. The results show that: (1) The rheological properties of fresh HAM-PBM slurry are consistent with the Herschel-Bulkley model, and its fluidity meets the technical requirements for coal mine backfilling. The slump of fresh HAM-PBM slurry ranges from 140 to 145 mm, and the yield stress ranges from 3.188 to 12.819 Pa. (2) Highly active mineral admixtures significantly affect the early hydration process of HAM-PBM. The parameters of the hydration characteristics during the initial dissolution stage, acceleration stage, deceleration stage, and stabilization stage gradually decrease, while the duration of the induction stage gradually increases. This confirms that the early hydration activity of mineral powder (MP) and limestone powder (LF) is lower than that of OPC. (3) The uniaxial compressive strength (UCS) of the MP series exhibits an "anti-hook" change pattern, while the UCS of the LF series shows a decreasing change pattern. The microstructure, including the number of hydration products, microscopic density, and other characteristics, follows the same change pattern as the UCS. (4) Based on the synergistic reaction mechanism of hardened slurry, it is recommended that MP replace a maximum of 10 % of OPC and LF replace a maximum of 5 % of OPC. The need for composite replacement of OPC with MP and LF is clarified, resulting in a cost-effective coal mine backfill material. This study has contributed to the national "double carbon" policy and the low-cost backfilling application of coal mines.