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PLANT EQUIPMENT AND MINING PROPERTIES | 6 Months Ended
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Jun. 30, 2025
PLANT EQUIPMENT AND MINING PROPERTIES |
PLANT, EQUIPMENT AND MINING PROPERTIES | 9. PLANT, EQUIPMENT AND MINING PROPERTIES
|  | Mining properties |  |  | Office equipment, furniture, and fixtures |  |  | Computer equipment |  |  | Mine machinery and transportation equipment |  |  | Mill machinery and processing equipment |  |  | Buildings and construction in process |  |  | Total |
|  | $ |  |  | $ |  |  | $ |  |  | $ |  |  | $ |  |  | $ |  |  | $ |
COST |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at January 1, 2024 |  |  | 18,375 |  |  |  | 844 |  |  |  | 1,929 |  |  |  | 17,573 |  |  |  | 26,232 |  |  |  | 15,370 |  |  |  | 80,323 |
Additions / Transfers |  |  | 870 |  |  |  | 395 |  |  |  | 18 |  |  |  | 417 |  |  |  | 2,994 |  |  |  | 445 |  |  |  | 5,139 |
Writedowns |  |  | - |  |  |  | (36 | ) |  |  | (183 | ) |  |  | (1,679 | ) |  |  | (983 | ) |  |  | (822 | ) |  |  | (3,703 | )
Effect of movements in exchange rates |  |  | (15 | ) |  |  | (12 | ) |  |  | (1 | ) |  |  | 20 |  |  |  | (21 | ) |  |  | (11 | ) |  |  | (40 | )
Balance at December 31, 2024 |  |  | 19,230 |  |  |  | 1,191 |  |  |  | 1,763 |  |  |  | 16,331 |  |  |  | 28,222 |  |  |  | 14,982 |  |  |  | 81,719 |
Additions / Transfers |  |  | 987 |  |  |  | 15 |  |  |  | 68 |  |  |  | 6,049 |  |  |  | 1,160 |  |  |  | 466 |  |  |  | 8,745 |
Transfer from exploration and evaluation assets (Note 7) |  |  | 35,005 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 35,005 |
Writedowns |  |  | - |  |  |  | (5 | ) |  |  | (4 | ) |  |  | (206 | ) |  |  | (154 | ) |  |  | - |  |  |  | (369 | )
Effect of movements in exchange rates |  |  | 12 |  |  |  | 3 |  |  |  | - |  |  |  | 1 |  |  |  | - |  |  |  | 24 |  |  |  | 40 |
Balance at June 30, 2025 |  |  | 55,234 |  |  |  | 1,204 |  |  |  | 1,827 |  |  |  | 22,175 |  |  |  | 29,228 |  |  |  | 15,472 |  |  |  | 125,140 |
ACCUMULATED DEPLETION AND DEPRECIATION / IMPAIRMENT
Balance at January 1, 2024 |  |  | 9,473 |  |  |  | 548 |  |  |  | 781 |  |  |  | 5,235 |  |  |  | 7,894 |  |  |  | 3,323 |  |  |  | 27,254 |
Additions |  |  | 426 |  |  |  | 130 |  |  |  | 401 |  |  |  | 1,534 |  |  |  | 549 |  |  |  | 339 |  |  |  | 3,379 |
Writedowns |  |  | - |  |  |  | (35 | ) |  |  | (182 | ) |  |  | (1,472 | ) |  |  | (594 | ) |  |  | (432 | ) |  |  | (2,715 | )
Balance at December 31, 2024 |  |  | 9,899 |  |  |  | 643 |  |  |  | 1,000 |  |  |  | 5,297 |  |  |  | 7,849 |  |  |  | 3,230 |  |  |  | 27,918 |
Additions |  |  | 234 |  |  |  | 73 |  |  |  | 202 |  |  |  | 149 |  |  |  | 1,031 |  |  |  | 172 |  |  |  | 1,861 |
Writedowns |  |  | - |  |  |  | (10 | ) |  |  | (2 | ) |  |  | (158 | ) |  |  | (35 | ) |  |  | - |  |  |  | (205 | )
Balance at June 30, 2025 |  |  | 10,133 |  |  |  | 706 |  |  |  | 1,200 |  |  |  | 5,288 |  |  |  | 8,845 |  |  |  | 3,402 |  |  |  | 29,574 |
NET BOOK VALUE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At June 30, 2025 |  |  | 45,101 |  |  |  | 498 |  |  |  | 627 |  |  |  | 16,887 |  |  |  | 20,383 |  |  |  | 12,070 |  |  |  | 95,566 |
At December 31, 2024 |  |  | 9,331 |  |  |  | 548 |  |  |  | 763 |  |  |  | 11,034 |  |  |  | 20,373 |  |  |  | 11,752 |  |  |  | 53,801 |
Included in Buildings and construction in process above are assets under construction of $3,440 as at June 30, 2025 (December 31, 2024 - $3,443) on which no depreciation was charged in the periods then ended. Once the assets are available for use, they will be transferred to the appropriate class of plant, equipment and mining properties. As of June 30, 2025, the Company recorded a write-down of $164 (December 31, 2024 - $988) against the carrying value of mine and mill machinery and transportation equipment due to damage and obsolescence. As at June 30, 2025, plant, equipment and mining properties included a net carrying amount of $8,172 (December 31, 2024 - $5,162) for mining equipment and right of use assets under lease.

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