v3.26.1
Mining assets
 12 Months Ended
Dec. 31, 2025
Notes and other explanatory information [abstract]  
Mining assets

 

7.Mining assets

                     
    Note  Plant and
Equipment		   Mineral
Property
Acquisition and
Development
Costs		   Exploration
and
Evaluation
Projects		   Total 
Cost                        
Balance at December 31, 2023      $60,226   $143,227   $8,294   $211,747 
Additions       20,033    22,291    126    42,450 
Change in restoration provisions   12   -    579    -    579 
Asset disposals       (2,723)   -    -    (2,723)
Translation adjustment       (1,247)   (4,140)   172    (5,215)
Balance at December 31, 2024       76,289    161,957    8,592    246,838 
Additions       40,134    20,836    144    61,114 
Acquisitions   14   -    -    13,885    13,885 
Change in restoration provisions   12   -    (3,884)   250    (3,634)
Asset disposals       (4,977)   -    (37)   (5,014)
Translation adjustment       (260)   614    668    1,022 
Balance at December 31, 2025      $111,186   $179,523   $23,502   $314,211 
                         
Accumulated Amortization                        
Balance at December 31, 2023      $10,243   $35,823   $-   $46,066 
Amortization       1,498    (9)   -    1,489 
Asset disposals       (1,649)   -    -    (1,649)
Translation adjustment       98    (1,032)   -    (934)
Balance at December 31, 2024       10,190    34,782    -    44,972 
Amortization       1,515    441    -    1,956 
Asset disposals       (3,872)   -    -    (3,872)
Translation adjustment       695    4,021    -    4,716 
Balance at December 31, 2025      $8,528   $39,244   $-   $47,772 
                         
Carrying Value                        
Balance at December 31, 2024      $66,099   $127,175   $8,592   $201,866 
Balance at December 31, 2025      $102,658   $140,279   $23,502   $266,439 

 

Indicators of impairment

 

In accordance with the Company’s accounting policies each CGU is assessed for indicators of impairment and impairment reversal, from both external and internal sources, at the end of each reporting period. As at December 31, 2025, no indicators of impairment or reversal of impairment existed for the Sangdong Mine, Panasqueira Mine or Los Santos Mine (December 31, 2024 – none).

 

 

Almonty Industries Inc.

Notes to the Consolidated Financial Statements

Years Ended December 31, 2025 and 2024

(in thousands of Canadian dollars unless otherwise noted, except for common share information)