Long-term debt (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Notes and other explanatory information [abstract] |
|
| Schedule of long term debt |
Schedule
of long term debt
| | |
Note | |
December
31, 2025 | | |
December
31, 2024 | |
| Term
loans – Euro | |
(a) | |
$ | 25,707 | | |
$ | 24,486 | |
| Promissory
notes – U.S. dollar | |
(b) | |
| 8,224 | | |
| 8,634 | |
| Promissory
note | |
(b) | |
| 250 | | |
| 250 | |
| Convertible
debentures | |
(c) | |
| 9,303 | | |
| 27,872 | |
| Lease
liabilities | |
(d) | |
| 489 | | |
| 210 | |
| Mine
construction loan facility | |
(e) | |
| 130,656 | | |
| 106,876 | |
| Long
term debt gross | |
| |
| 174,629 | | |
| 168,328 | |
| Deferred
financing costs | |
| |
| (12,516 | ) | |
| (11,427 | ) |
| Long
term debt excluding deferred financing costs | |
| |
| 162,113 | | |
| 156,901 | |
| Less: current portion | |
| |
| (27,267 | ) | |
| (21,894 | ) |
| Total
debt | |
| |
$ | 134,846 | | |
$ | 135,007 | |
|
| Schedule of convertible debentures |
Changes
in the balances of the convertible debentures for the year ended December 31, 2025 and 2024 are summarized as follows:
Schedule
of convertible debentures
| | |
December
31, 2025 | | |
December
31, 2024 | |
| Balance,
beginning of year | |
$ | 27,872 | | |
$ | 32,620 | |
| Debentures
converted for shares | |
| (19,456 | ) | |
| (5,963 | ) |
| Debentures
revalued, derivative liability component | |
| (623 | ) | |
| - | |
| Interest
accrued | |
| 720 | | |
| 240 | |
| Translation
adjustment | |
| 790 | | |
| 975 | |
| Balance,
end of year | |
$ | 9,303 | | |
$ | 27,872 | |
|
| Schedule of debt repayment |
Payments
are due under the terms of the Company’s loans and leases for each of the following years ending December 31:
Schedule
of debt
repayment
| | |
| | |
| 2026 | |
| 27,335 | |
| 2027 | |
| 45,559 | |
| 2028 | |
| 19,487 | |
| 2029 | |
| 18,309 | |
| 2030 | |
| 64,007 | |
| Debt
repayment gross | |
| 174,697 | |
| Less:
unamortized discount | |
| (16 | ) |
| Less:
imputed interest on capital lease obligations | |
| (52 | ) |
| Debt
repayment | |
| 174,629 | |
|
| Schedule of debt continuity |
Changes
in the balances of the long-term debt for the year ended December 31, 2025 and 2024 are summarized as follows:
Schedule
of debt
continuity
| | |
December
31, 2025 | | |
December
31, 2024 | |
| Balance,
beginning of year | |
$ | 168,328 | | |
$ | 142,995 | |
| Cash
flows: | |
| | | |
| | |
| Issuance
of debt | |
| 29,447 | | |
| 43,643 | |
| Scheduled
debt repayments | |
| (1,698 | ) | |
| (23,608 | ) |
| Non-cash
changes: | |
| | | |
| | |
| Conversion
of debt to shares | |
| (19,456 | ) | |
| (5,963 | ) |
| Accrued
interest | |
| 1,755 | | |
| 326 | |
| Amount
reclassified to derivative liability | |
| (623 | ) | |
| - | |
| Translation
adjustment | |
| (3,124 | ) | |
| 10,935 | |
| Balance,
end of year | |
| 174,629 | | |
| 168,328 | |
|