In this experiment, the influence of coal gangue as the admixture on the performance of dry-mixed mortar was studied, and the results were analyzed by XRD and SEM. The effects of different ways of crushing, particle size distribution, coal gangue, cement, admixture, and water content on the water retention, consistency, and 7 d compressive strength of dry-mixed mortar were investigated. The results show that the optimum content of hammer crushing of coal gangue through 3 mm sieve and cement is 83% and 17% of the total mass (W/W), respectively, the admixture content of 1# compound is 0.2 g/kg, and the amount of water is in the range of 194~200 mL/kg. At this time, the consistency can reach 91.5 mm, the water retention rate can reach 92.11%, and the 7 d compressive strength can reach 10.6 MPa, which meets the requirements of dry-mixed mortar for ordinary plastering and masonry mortar (GB-T 25181-2019).