| Schedule of segmented information |
Segmented
information for the year ended December 31, 2025 is as follows:
Schedule
of segmented information
| | |
Los
Santos
Mine | | |
Valtreixal
mine | | |
Woulfe | | |
Panasquiera
Mine | | |
Gentung
Tungsten
Project | | |
Corporate | | |
Total | |
| Revenue | |
| - | | |
| - | | |
| 48 | | |
| 32,466 | | |
| - | | |
| - | | |
| 32,514 | |
| Production
costs | |
| - | | |
| - | | |
| - | | |
| (27,928 | ) | |
| - | | |
| - | | |
| (27,928 | ) |
| Care
and maintenance costs | |
| (1,168 | ) | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| (1,168 | ) |
| Depreciation
and amortization | |
| (20 | ) | |
| - | | |
| - | | |
| (1,023 | ) | |
| - | | |
| - | | |
| (1,043 | ) |
(Loss)
earnings from mining operations | |
| (1,188 | ) | |
| - | | |
| 48 | | |
| 3,515 | | |
| - | | |
| - | | |
| 2,375 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Expenses | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| General
and administrative | |
| (504 | ) | |
| (6 | ) | |
| (34 | ) | |
| (1,692 | ) | |
| - | | |
| (18,285 | ) | |
| (20,521 | ) |
| Interest
expense | |
| (85 | ) | |
| - | | |
| - | | |
| - | | |
| - | | |
| (3,948 | ) | |
| (4,033 | ) |
| Share-based
compensation | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| (11,085 | ) | |
| (11,085 | ) |
| Foreign
exchange gain (loss) | |
| 44 | | |
| - | | |
| 121 | | |
| (449 | ) | |
| - | | |
| (2,689 | ) | |
| (2,973 | ) |
| Interest
income | |
| - | | |
| - | | |
| 1 | | |
| - | | |
| - | | |
| 1,538 | | |
| 1,539 | |
| Loss
on valuation of warrant liabilities | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| (29,337 | ) | |
| (29,337 | ) |
| Loss
on valuation of embedded derivative liabilities | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| (97,408 | ) | |
| (97,408 | ) |
(Loss)
income before income taxes | |
| (1,733 | ) | |
| (6 | ) | |
| 136 | | |
| 1,374 | | |
| - | | |
| (161,213 | ) | |
| (161,443 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Capital
expenditures | |
| 2 | | |
| 57 | | |
| 58,366 | | |
| 1,857 | | |
| - | | |
| 122 | | |
| 60,404 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| As
at December 31, 2025 | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Assets | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Current | |
| 1,322 | | |
| 14 | | |
| 7,473 | | |
| 12,478 | | |
| - | | |
| 265,633 | | |
| 286,920 | |
| Non-current | |
| 33,820 | | |
| 9,280 | | |
| 220,352 | | |
| 24,810 | | |
| 14,428 | | |
| 122 | | |
| 302,812 | |
| Total
Assets | |
| 35,142 | | |
| 9,294 | | |
| 227,825 | | |
| 37,288 | | |
| 14,428 | | |
| 265,755 | | |
| 589,732 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Total
Liabilities | |
| 2,683 | | |
| 1,592 | | |
| 131,621 | | |
| 28,859 | | |
| 250 | | |
| 66,916 | | |
| 231,921 | |
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)
Segmented
information for the year ended December 31, 2024 is as follows:
| | |
Los
Santos
Mine | | |
Valtreixal
mine | | |
Woulfe
| | |
Panasquiera
Mine | | |
Gentung
Tungsten
Project | | |
Corporate | | |
Total | |
| Revenue | |
| - | | |
| - | | |
| 26 | | |
| 28,810 | | |
| - | | |
| - | | |
| 28,836 | |
| Production
costs | |
| - | | |
| - | | |
| - | | |
| (24,679 | ) | |
| - | | |
| - | | |
| (24,679 | ) |
| Care
and maintenance costs | |
| (1,067 | ) | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| (1,067 | ) |
| Depreciation
and amortization | |
| (21 | ) | |
| - | | |
| - | | |
| (1,099 | ) | |
| - | | |
| - | | |
| (1,120 | ) |
(Loss)
earnings from mining operations | |
| (1,088 | ) | |
| - | | |
| 26 | | |
| 3,032 | | |
| - | | |
| - | | |
| 1,970 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Expenses | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| General
and administrative | |
| (927 | ) | |
| (22 | ) | |
| (14 | ) | |
| (2,060 | ) | |
| - | | |
| (3,132 | ) | |
| (6,155 | ) |
| Interest
expense | |
| (88 | ) | |
| (8 | ) | |
| - | | |
| - | | |
| - | | |
| (4,472 | ) | |
| (4,568 | ) |
| Share-based
compensation | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| (2,734 | ) | |
| (2,734 | ) |
| Foreign
exchange gain (loss) | |
| 27 | | |
| (9 | ) | |
| 756 | | |
| 195 | | |
| - | | |
| (2,748 | ) | |
| (1,779 | ) |
| Interest
income | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| 2 | | |
| 2 | |
| Loss
on valuation of warrant liabilities | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| (2,032 | ) | |
| (2,032 | ) |
| Loss
on valuation of embedded derivative liabilities | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| (630 | ) | |
| (630 | ) |
(Loss)
income before income
taxes | |
| (2,076 | ) | |
| (39 | ) | |
| 768 | | |
| 1,167 | | |
| - | | |
| (15,746 | ) | |
| (15,926 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Capital
expenditures | |
| - | | |
| 126 | | |
| 44,033 | | |
| 1,572 | | |
| - | | |
| - | | |
| 45,731 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| As
at December 31, 2024 | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Assets | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Current | |
| 1,101 | | |
| 117 | | |
| 6,111 | | |
| 7,976 | | |
| - | | |
| 5,271 | | |
| 20,576 | |
| Non-current | |
| 31,397 | | |
| 8,592 | | |
| 168,942 | | |
| 26,842 | | |
| - | | |
| - | | |
| 235,773 | |
| Total
Assets | |
| 32,498 | | |
| 8,710 | | |
| 175,052 | | |
| 34,818 | | |
| - | | |
| 5,271 | | |
| 256,349 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Total
Liabilities | |
| 3,845 | | |
| 1,728 | | |
| 107,209 | | |
| 26,799 | | |
| - | | |
| 77,695 | | |
| 217,276 | |
|