v3.25.4
Condensed interim consolidated statements of financial position - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 39,100 $ 20,002
Trade and other receivables (Note 5) 10,598 7,132
Inventories (Note 6) 10,225 10,704
Prepaid expenses 3,862 2,876
Derivative instruments (Note 13 and 22) 1,541 0
Total current assets 65,326 40,714
Non-current assets    
Restricted cash 4,672 4,527
Property, plant and equipment (Note 7) 163,384 147,399
Derivative instruments (Note 13 and 22) 1,320 0
Total assets 234,702 192,640
Current liabilities    
Trade and other payables 30,718 37,333
Metals contract liability (Note 8) 20,024 13,707
Silver contract liability (Note 9) 6,368 0
Derivative instruments (Note 10) 0 709
Convertible debenture (Note 10) 0 10,849
Pre-payment facility (Note 11) 2,550 2,000
Credit facility (Note 12) 6,976 2,050
Term loan facility (Note 13) 2,128 0
Royalty payable (Note 14) 3,062 2,762
Total current liabilities 71,826 69,410
Non-current liabilities    
Other long-term liabilities 2,180 1,658
Metals contract liability (Note 8) 24,594 27,161
Silver contract liability (Note 9) 22,198 18,193
Credit facility (Note 12) 2,184 7,440
Term loan facility (Note 13) 45,891 0
Post-employment benefit obligations 3,108 3,892
Decommissioning provision 12,473 11,389
Deferred tax liabilities (Note 21) 33 48
Total liabilities 184,487 139,191
Equity    
Share capital (Note 15) 615,904 573,532
Equity reserve 62,381 56,521
Foreign currency translation reserve 12,442 14,426
Deficit (640,512) (591,030)
Total equity 50,215 53,449
Total liabilities and equity $ 234,702 $ 192,640