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Note 8 - Derivative Instruments (Tables) | 9 Months Ended
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Sep. 30, 2025
Table Text Block [Abstract] |
Schedule of Foreign Exchange Contracts, Statement of Financial Position | As of September 30, 2025 and December 31, 2024, we recorded the following balances for the fair value of the foreign currency forward contracts (in millions):
|  | September 30, |  | December 31,
Balance sheet line item: |  | 2025 |  | 2024
Other current assets |  | $0.7 |  | $—
Other current liabilities |  | (2.0) |  | (8.2)
Other non-current liabilities |  | (0.2) |  | (2.0)
Schedule of Notional Amounts of Outstanding Derivative Positions | The following tables summarize the quantities of metals committed under forward metals contracts at September 30, 2025 and December 31, 2024:
September 30, 2025 |  | Ounces/pounds under contract (in 000's except gold) |  |  | Average price per ounce/pound |
|  | Silver |  |  | Gold |  |  | Zinc |  |  | Lead |  |  | Silver |  |  | Gold |  | Zinc |  |  | Lead |
|  | (ounces) |  |  | (ounces) |  |  | (pounds) |  |  | (pounds) |  |  | (ounces) |  |  | (ounces) |  | (pounds) |  |  | (pounds) |
Contracts on provisional sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2025 settlements |  |  | 780 |  |  |  | — |  |  |  | 16,424 |  |  |  | 11,905 |  |  | $ | 39.15 |  |  | N/A |  | $ | 1.39 |  |  | $ | 1.00 |
2026 settlements |  |  | — |  |  |  | — |  |  |  | 3,748 |  |  |  | — |  |  | N/A |  |  | N/A |  | $ | 1.40 |  |  | N/A |
Contracts on forecasted sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2025 settlements |  |  | — |  |  |  | — |  |  |  | 2,425 |  |  |  | 4,850 |  |  | N/A |  |  | N/A |  | $ | 1.36 |  |  | $ | 0.99 |
2026 settlements |  |  | — |  |  |  | — |  |  |  | 37,644 |  |  |  | 53,903 |  |  | N/A |  |  | N/A |  | $ | 1.33 |  |  | $ | 1.03 |
December 31, 2024 |  | Ounces/pounds under contract (in 000's except gold) |  |  | Average price per ounce/pound |
|  | Silver |  |  | Gold |  |  | Zinc |  |  | Lead |  |  | Silver |  |  | Gold |  |  | Zinc |  |  | Lead |
|  | (ounces) |  |  | (ounces) |  |  | (pounds) |  |  | (pounds) |  |  | (ounces) |  |  | (ounces) |  |  | (pounds) |  |  | (pounds) |
Contracts on provisional sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2025 settlements |  |  | 1,535 |  |  |  | 2 |  |  |  | 20,834 |  |  |  | 14,661 |  |  | $ | 31.46 |  |  | $ | 2,673 |  |  | $ | 1.40 |  |  | $ | 0.97 |
Contracts on forecasted sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2025 settlements |  |  | — |  |  |  | — |  |  |  | 59,194 |  |  |  | 47,840 |  |  | N/A |  |  | N/A |  |  | $ | 1.39 |  |  | $ | 0.99 |
2026 settlements |  |  | — |  |  |  | — |  |  |  | 6,283 |  |  |  | 52,911 |  |  | N/A |  |  | N/A |  |  | $ | 1.41 |  |  | $ | 1.03 |
Schedule of the Quantities of Metals Committed | The following table summarize the quantities of silver ounces committed under collars at September 30, 2025.
Settlement Period |  | Production Protected |  |  | Minimum Price |  |  | Maximum Price |
|  | (ounces) |  |  | ($) |  |  | ($) |
Contracts on provisional sales |  |  |  |  |  |  |  |  |
2025 settlements |  |  | 25,000 |  |  |  | 39.00 |  |  |  | 45.50 |
Contracts on forecasted sales |  |  |  |  |  |  |  |  |
2025 settlements |  |  | 690,000 |  |  |  | 30.00 |  |  |  | 40.08 |
2026 settlements |  |  | 1,300,000 |  |  |  | 33.13 |  |  |  | 53.82 |
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location | We recorded the following balances for the fair value of the forward metals and collar contracts as of September 30, 2025 and December 31, 2024 (in millions):
|  | September 30, |  | December 31,
Balance sheet line item: |  | 2025 |  | 2024
Other current assets |  | $2.1 |  | $11.5
Other non-current assets |  | 1.0 |  | 6.6
Other current liabilities |  | (6.3) |  | —
Other non-current liabilities |  | (0.2) |  | —

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- Definition Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C + Details
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- Definition Tabular disclosure of the presentation of foreign exchange contracts on the statement of financial position, including the fair value amounts and location of such amounts. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
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- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A + Details
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