v3.26.1
Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities    
Net income $ 15,477 $ 18,115
Adjustments for:    
Depletion, depreciation and amortization expense 17,038 15,892
Accretion expense 250 172
Interest expense 3,291 3,382
Income tax expense 4,868 5,864
Unrealized loss (gain) on risk management contracts 32 (336)
Stock based compensation (Note 15) 1,744 1,075
Unrealized foreign exchange loss 10
Amortization of loan acquisition costs 162 195
Gain on sale of assets (8)
Loss on asset retirement abandonment 8
Cash paid for interest (3,232) (2,990)
Cash paid for income taxes (501) (530)
Cash paid for asset retirement abandonment (12)
Changes in non-cash working capital (Note 8) 2,410 (1,952)
Net cash from operating activities 41,535 38,889
Cash flows from investing activities    
Additions to property, plant and equipment (Note 9) (62,639) (31,251)
Proceeds from sale of assets, net 8
Change in non-cash working capital (Note 8) 7,458 (4,965)
Net cash used in investing activities (55,181) (36,208)
Cash flows from financing activities    
Proceeds from loans and borrowings 22,000 16,500
Repayment of loans and borrowings (6,000) (13,000)
Payment of financing costs (645) (67)
Purchases of treasury stock (1,920) (1,154)
Principal paid on lease payments (1,356) (1,203)
Interest paid on lease payments (144) (82)
Proceeds from stock option exercises 194 46
Net cash from financing activities 12,129 1,040
Foreign exchange effect on cash and cash equivalents (5)
Change in cash and cash equivalents (1,517) 3,716
Cash and cash equivalents, beginning of year 4,314 598
Cash and cash equivalents, end of year $ 2,797 $ 4,314