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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Operating Activities    
Net income $ 26,643 $ 8,100
Adjustments for non-cash items:    
Deferred income tax expense 1,665 33
Depreciation and depletion 3,745 3,386
Accretion of reclamation provision 204 197
Losses on disposals of investments (2,769) 172
Unrealized loss (gain) on derivatives (1,789) 475
Unrealized loss (gain) on foreign exchange 2,374 (1,074)
Write down of uncollectible account 0 621
Write down of equipment and materials and supplies inventory 593 1,144
Loss on sale of mineral properties 304 0
Finance costs on deferred consideration payable 229 0
Other expenses 417 0
Share-based payments 3,726 2,035
Total adjustments for non cash 35,342 15,089
Net change in non-cash working capital items (7,919) 8,035
Cash provided by operating activities 27,423 23,124
Financing Activities    
Shares issued for cash, net of issuance costs 74,216 9,104
Proceeds from option exercises and RSU vesting, net 2,275 986
Lease liability payments (2,307) (1,909)
Equipment loan payments (325) (166)
Cash provided by financing activities 73,859 8,015
Investing Activities    
Exploration and evaluation expenditures (576) (2,105)
Additions to plant, equipment and mining properties (26,299) (4,455)
Cash used in investing activities (26,875) (6,560)
Effect of exchange rate changes on cash 0 50
Change in cash 74,407 24,579
Cash, beginning 27,317 2,688
Cash, ending $ 101,724 $ 27,317