v3.26.1
Investment in Sal De La Puna Joint Venture (Tables)
12 Months Ended
Dec. 31, 2025
Disclosure of detailed information about business combination [line items]  
Summary of Joint Arrangement Accounted For Using Equity Method

The Company’s 65% ownership interest in Sal de la Puna is a joint venture and is accounted for using the equity method of accounting. Changes in the investment balance are summarized below:

 

 

 

$

 

Investment in Sal de la Puna, as at December 31, 2023

 

 

181,270

 

Contribution to investment in Sal de la Puna

 

 

2,113

 

Share of loss of Sal de la Puna

 

 

(176

)

Investment in Sal de la Puna, as at December 31, 2024

 

 

183,207

 

Contribution to investment in Sal de la Puna

 

 

419

 

Share of loss of Sal de la Puna

 

 

(256

)

Investment in Sal de la Puna, as at December 31, 2025

 

 

183,370

 

Sal de la Puna Holdings S.a.r.l.  
Disclosure of detailed information about business combination [line items]  
Schedule of Amounts Presented in Financial Statements of Joint Venture

The following is the condensed financial information of Sal de la Puna Holdings S.a.r.l. on a 100% basis.

 

 

December 31, 2025

 

 

December 31, 2024

 

 

$

 

 

$

 

Current assets

 

1,562

 

 

 

1,589

 

Non-current assets (including PPA adjustments)

 

280,551

 

 

 

280,470

 

Current liabilities

 

(6

)

 

 

(202

)

Net assets

 

282,107

 

 

 

281,857

 

 

 

 

 

 

 

 

LAR's share of Sal de la Puna's net assets

 

183,370

 

 

 

183,207

 

 

 

 

Years Ended December 31,

 

 

2025

 

 

2024

 

2023

 

 

$

 

 

$

 

$

 

EXPENSES

 

 

 

 

 

 

 

 

Exploration and evaluation expenditures

 

 

72

 

 

 

479

 

 

1,772

 

General and administrative

 

 

518

 

 

 

522

 

 

231

 

 

 

 

590

 

 

 

1,001

 

 

2,003

 

 

 

 

 

 

 

 

 

 

Foreign exchange and other (income)/loss

 

(198

)

 

 

(730

)

 

762

 

Net loss

 

392

 

 

 

271

 

 

2,765