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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
shares in Thousands, $ in Thousands
Common Stock and Additional Paid-in Capital
Canadian Gold Corp
Common Stock and Additional Paid-in Capital
Golden Lake Exploration Inc.
Common Stock and Additional Paid-in Capital
Common Stock Issuable
Canadian Gold Corp
Common Stock Issuable
Accumulated Deficit
Accumulated Other Comprehensive Income
McEwen Copper Inc.
Paragon Advanced Labs Inc.
Canadian Gold Corp
Golden Lake Exploration Inc.
Total
Balance at Dec. 31, 2024     $ 1,804,702     $ (1,309,727)           $ 494,975
Balance (in shares) at Dec. 31, 2024     53,054                  
Increase (Decrease) in Shareholders' Equity                        
Stock-based compensation     $ 1,380                 1,380
Stock-based compensation (in shares)     123                  
Investments in Goliath Resources Limited     $ 6,068                 6,068
Investments in Goliath Resources Limited (in shares)     868                  
Purchase of capped call options     $ (15,114)                 (15,114)
Net income (loss)           (3,230)   $ (33,497)       (3,230)
Shares issued for debt refinancing (Note 10)     $ 400                 400
Shares issued for debt refinancing (Note 10) (in shares)     53                  
Balance at Jun. 30, 2025     $ 1,797,436     (1,312,957)           484,479
Balance (in shares) at Jun. 30, 2025     54,098                  
Balance at Mar. 31, 2025     $ 1,795,834     (1,315,997)           479,837
Balance (in shares) at Mar. 31, 2025     53,935                  
Increase (Decrease) in Shareholders' Equity                        
Stock-based compensation     $ 1,202                 1,202
Stock-based compensation (in shares)     110                  
Net income (loss)           3,040   (15,026)       3,040
Shares issued for debt refinancing (Note 10)     $ 400                 400
Shares issued for debt refinancing (Note 10) (in shares)     53                  
Balance at Jun. 30, 2025     $ 1,797,436     (1,312,957)           484,479
Balance (in shares) at Jun. 30, 2025     54,098                  
Balance at Dec. 31, 2025     $ 1,821,530     (1,275,293)           546,237
Balance (in shares) at Dec. 31, 2025     55,517                  
Increase (Decrease) in Shareholders' Equity                        
Net income (loss)                 $ (2,445)      
Balance at Mar. 31, 2026     $ 1,893,850     (1,241,914) $ 24         651,960
Balance (in shares) at Mar. 31, 2026     59,188                  
Balance at Dec. 31, 2025     $ 1,821,530     (1,275,293)           546,237
Balance (in shares) at Dec. 31, 2025     55,517                  
Increase (Decrease) in Shareholders' Equity                        
Investment $ 57,698 $ 11,693   $ 32,307           $ 90,005 $ 11,693  
Investment (in shares) 2,944 532                    
Sales of flow-through shares (Note 12)     $ 13,738                 13,738
Sales of flow-through shares (Note 12) (in shares)     727                  
Stock-based compensation     $ 1,934                 1,934
Stock-based compensation (in shares)     21                  
Net income (loss)           42,985   (16,116)       42,985
Change in foreign currency translation adjustments (Note 9)             21         21
Exercise of warrants     $ 23                 23
Exercise of warrants (in shares)     3                  
Balance at Jun. 30, 2026     $ 1,906,616   $ 32,307 (1,232,308) 21         706,636
Balance (in shares) at Jun. 30, 2026     59,744                  
Balance at Mar. 31, 2026     $ 1,893,850     (1,241,914) 24         651,960
Balance (in shares) at Mar. 31, 2026     59,188                  
Increase (Decrease) in Shareholders' Equity                        
Investment   $ 11,693   $ 32,307           $ 32,307 $ 11,693  
Investment (in shares)   532                    
Stock-based compensation     $ 1,050                 1,050
Stock-based compensation (in shares)     21                  
Net income (loss)           9,606   $ (11,673)       9,606
Change in foreign currency translation adjustments (Note 9)             (3)         (3)
Exercise of warrants     $ 23                 23
Exercise of warrants (in shares)     3                  
Balance at Jun. 30, 2026     $ 1,906,616   $ 32,307 $ (1,232,308) $ 21         $ 706,636
Balance (in shares) at Jun. 30, 2026     59,744