v3.26.1
Consolidated Statements of Financial Position - CAD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current Assets    
Cash $ 268,409 $ 7,830
Trade receivables 3,085 2,927
Taxes recoverable 1,954 573
Inventories 9,418 6,738
Prepaid expenses and other current assets 4,054 2,508
Total Current Assets 286,920 20,576
Mining assets 266,439 201,866
Tailings inventory 33,392 30,982
Deferred tax assets 2,219 2,364
Other assets 762 561
Total Non Current Assets 302,812 235,773
Total Assets 589,732 256,349
Current Liabilities    
Accounts payable and accrued liabilities 33,357 29,146
Deferred revenue 3,071 74
Warrant liabilities 1,938 5,154
Derivative liabilities 8,112 1,121
Current portion of long-term debt 27,267 21,894
Total Current Liabilities 73,745 57,389
Long-term debt 134,846 135,007
Restoration provision and other liabilities 23,315 24,866
Deferred tax liabilities 15 14
Total Non Current Liabilities 158,176 159,887
Total Liabilities 231,921 217,276
Shareholders’ Equity    
Share capital 568,042 146,516
Subscriptions received 103
Commitment to issue shares 60,748
Equity portion of convertible debentures 508 1,241
Contributed surplus 18,474 16,072
Accumulated other comprehensive deficit (7,827) (4,638)
Deficit (282,134) (120,221)
Total Shareholders’ Equity 357,811 39,073
Total Liabilities and Shareholders’ Equity $ 589,732 $ 256,349