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Investments in Associates (Tables)
 12 Months Ended
Dec. 31, 2024
Disclosure of associates [abstract]  
Schedule of Investments in Associates
The Company conducts a portion of its business through investments in joint arrangements and associates.
AssociateLocationOwnership InterestClassification and
accounting method		Mining properties
Seasif Exploration Inc (“Seasif Exploration“)
Canada24.3 %Associate; equity methodMeadowbank Project
Percentage of
ownership		Common
shares		December 31,
2024		December 31,
2023
Soto Norte (a)— %— $— $108,527 
Seasif Exploration (previously Western Atlas) (c)24.3 %29,910,588180 253 
Total$180 $108,780 

The income (loss) from investments in associates during the years ended December 31, 2024 and 2023 comprises:

Year-ended December 31,
20242023
Soto Norte (a)$(2,811)$2,650 
Denarius (b)— (2,463)
Seasif Exploration (previously Western Atlas) (c)(73)(128)
Total$(2,884)$59 
The following table summarizes the change in the carrying amount of the Company’s investment in Soto Norte:
Amount
Investment in associate as of December 31, 2022$100,772 
Company’s share of the income from the associate2,650 
Cash contributions to Soto Norte5,105 
Investment in associate as of December 31, 2023108,527 
Company’s share of the loss from the associate(2,811)
Cash contributions to Soto Norte2,647 
Reclassification of investment (Note 5)(108,363)
Investment in associate as of December 31, 2024$— 
Amount
As at December 31, 2022$51,504 
Interest expense2,246 
Repayment(50,000)
Interest paid(3,750)
As at December 31, 2023$— 
Summarized financial information for the Soto Norte Project during the period in which the Company exercised significant influence, on a 100% basis and reflecting adjustments made by the Company, including fair value adjustments made at the time of acquisition and adjustments for differences in accounting policies, is as follows:

Year-ended December 31,
20242023
Project expenses(13,022)(10,173)
Net (loss) income and comprehensive (loss) income of associate(14,054)13,251 
Company’s equity share of the net (loss) income and comprehensive (loss) income of associate – 20%
$(2,811)$2,650 
The following table summarizes the change in the carrying amount of the Company’s investment in Denarius:

 Common shares
Warrants
  Total
As of December 31, 2022$11,960 $409 $12,369 
Additions1,122 — 1,122 
Company’s share of the loss from the associate(783)— (783)
Equity share of other comprehensive loss600 — 600 
Loss on dilution(1,680)— (1,680)
Loss on derecognition(8,142)— (8,142)
Reclassification of investment(3,077)(409)(3,486)
Investment in Denarius as at December 31, 2023$— $— $— 
Common sharesWarrantsConvertible DebentureTotal
Reclassification of investment$3,077 $409 $— $3,486 
Purchase of Denarius Debenture— — 3,603 3,603 
Change in fair value 919 (160)1,908 2,667 
Other financial asset as at December 31, 2023$3,996 $249 $5,511 $9,756 
Change in fair value895 (98)2,071 2,868 
Other financial asset as at December 31, 2024$4,891 $151 $7,582 $12,624 
The following table summarizes the change in the carrying amount of the Company’s investment in Seasif Exploration:

Amount
As of December 31, 2022$381 
Company’s share of the loss from the associate(128)
As of December 31, 2023$253 
Company’s share of the loss from the associate(73)
Investment in Seasif Exploration as of December 31, 2024$180