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LONGTERM INVESTMENTS
 12 Months Ended
Dec. 31, 2025
LONG-TERM INVESTMENTS

7) LONG-TERM INVESTMENTS

 

The Company classifies its long-term investments as designated at fair value through profit and loss under IFRS 9. Long-term investments are summarized as follows:

 

 

 

Fair Value

December 31,

 

 

Net Additions /

 

 

Movements

in foreign

 

 

Fair value

adjustments

 

 

Fair Value

December 31,

 

 

 

2024

 

 

(Disposals)

 

 

exchange

 

 

for the period

 

 

2025

 

Talisker Resources Common Shares

 

$685

 

 

$(802)

 

$54

 

 

$2,414

 

 

$2,351

 

Silver Wolf Exploration Ltd. Common Shares

 

 

359

 

 

 

723

 

 

 

22

 

 

 

10

 

 

 

1,114

 

Silver Wolf Exploration Ltd. Warrants

 

 

20

 

 

 

125

 

 

 

7

 

 

 

224

 

 

 

376

 

Endurance Gold Corp. Common Shares

 

 

146

 

 

 

-

 

 

 

4

 

 

 

34

 

 

 

184

 

Endurance Gold Corp. Warrants

 

 

37

 

 

 

-

 

 

 

2

 

 

 

87

 

 

 

126

 

 

 

$1,247

 

 

$46

 

 

$89

 

 

$2,769

 

 

$4,151

 

 

Silver Wolf

 

During the year ended December 31, 2025, the Company received 2,000,000 common shares of Silver Wolf, a related party of the Company (see Note 8 and Note 11 for further details), as a result of milestones associated with an Option Agreement to acquire certain exploration and evaluation assets (Note 8), with a fair value of $189 (C$260) on acquisition. The Company further acquired, by way of participation in Silver Wolf’s Listed Issuer Financing Exemption private placement, 5,000,000 units at a purchase price of C$0.15, consisting of 5,000,000 common shares and 2,500,000 non-transferrable common share purchase warrants at an exercise price of C$0.25 for a total investment of $534 (C$750). The share purchase warrants were recorded at a fair value of $125 (C$175).