Segmented and Geographic Information, and Major Customers (Tables)

9 Months Ended

Sep. 30, 2025

Segmented and geographic information, and major customers

	As at September 30, 2025										As at December 31, 2024
	Cosalá Operations		Galena Complex		Relief Canyon		Corporate and Other		Total		Cosalá Operations		Galena Complex		Relief Canyon		Corporate and Other		Total

Cash and cash equivalents	$	5,840	$	337	$	199	$	32,724	$	39,100	$	6,576	$	1,390	$	35	$	12,001	$	20,002
Trade and other receivables		5,154		4,927		-		517		10,598		5,485		1,450		-		197		7,132
Inventories		7,364		2,758		103		-		10,225		7,976		2,625		103		-		10,704
Prepaid expenses		1,288		1,382		394		798		3,862		745		933		755		443		2,876
Derivative instruments		-		-		-		2,861		2,861		-		-		-		-		-
Restricted cash		149		53		4,470		-		4,672		135		53		4,339		-		4,527
Property, plant and equipment		58,370		83,180		21,169		665		163,384		48,123		74,935		23,686		655		147,399
Total assets	$	78,165	$	92,637	$	26,335	$	37,565	$	234,702	$	69,040	$	81,386	$	28,918	$	13,296	$	192,640

Trade and other payables	$	12,256	$	9,425	$	3,271	$	5,766	$	30,718	$	12,650	$	8,689	$	2,896	$	13,098	$	37,333
Derivative instruments		-		-		-		-		-		-		-		-		709		709
Pre-payment facility		-		2,550		-		-		2,550		-		2,000		-		-		2,000
Credit facility		9,160		-		-		-		9,160		9,490		-		-		-		9,490
Term loan facility		-		-		-		48,019		48,019		-		-		-		-		-
Other long-term liabilities		870		916		-		394		2,180		-		1,170		-		488		1,658
Metals contract liability		-		-		-		44,618		44,618		-		-		-		40,868		40,868
Silver contract liability		-		-		-		28,566		28,566		-		-		-		18,193		18,193
Convertible debenture		-		-		-		-		-		-		-		-		10,849		10,849
Royalty payable		-		-		-		3,062		3,062		-		-		-		2,762		2,762
Post-employment benefit obligations		-		3,108		-		-		3,108		-		3,892		-		-		3,892
Decommissioning provision		2,693		5,716		4,064		-		12,473		2,129		5,346		3,914		-		11,389
Deferred tax liabilities		33		-		-		-		33		48		-		-		-		48
Total liabilities	$	25,012	$	21,715	$	7,335	$	130,425	$	184,487	$	24,317	$	21,097	$	6,810	$	86,967	$	139,191

	Three-month period ended September 30, 2025															Three-month period ended September 30, 2024
	Cosalá Operations			Galena Complex			Relief Canyon			Corporate and Other			Total			Cosalá Operations			Galena Complex			Relief Canyon			Corporate and Other			Total

Revenue	$	13,099		$	17,497		$	-		$	-		$	30,596		$	12,699		$	9,627		$	-		$	-		$	22,326
Cost of sales		(8,190	)		(11,948	)		-			-			(20,138	)		(9,426	)		(10,839	)		-			-			(20,265	)
Depletion and amortization		(707	)		(2,142	)		(797	)		(58	)		(3,704	)		(2,243	)		(2,769	)		(862	)		(40	)		(5,914	)
Care and maintenance costs		-			(216	)		(740	)		-			(956	)		-			(175	)		(559	)		-			(734	)
Corporate general and administrative		-			-			-			(5,933	)		(5,933	)		-			-			-			(1,671	)		(1,671	)
Exploration costs		(962	)		(715	)		(32	)		-			(1,709	)		(112	)		(788	)		(32	)		-			(932	)
Accretion on decommissioning provision		(54	)		(60	)		(43	)		-			(157	)		(59	)		(56	)		(42	)		-			(157	)
Interest and financing income (expense)		(34	)		(76	)		44			(1,644	)		(1,710	)		(796	)		(119	)		12			(3,516	)		(4,419	)
Foreign exchange gain (loss)		(367	)		-			-			(1,510	)		(1,877	)		475			-			-			698			1,173
Gain on disposal of assets		-			-			1			-			1			-			-			-			-			-
Loss on metals contract liabilities		-			-			-			(12,316	)		(12,316	)		-			-			-			(5,330	)		(5,330	)
Other gain on derivatives		-			-			-			2,916			2,916			-			-			-			178			178
Fair value loss on royalty payable		-			-			-			(19	)		(19	)		-			-			-			(216	)		(216	)
Income (loss) before income taxes		2,785			2,340			(1,567	)		(18,564	)		(15,006	)		538			(5,119	)		(1,483	)		(9,897	)		(15,961	)
Income tax expense		(702	)		-			-			-			(702	)		(198	)		-			-			-			(198	)
Net income (loss) for the period	$	2,083		$	2,340		$	(1,567	)	$	(18,564	)	$	(15,708	)	$	340		$	(5,119	)	$	(1,483	)	$	(9,897	)	$	(16,159	)

	Nine-month period ended September 30, 2025															Nine-month period ended September 30, 2024
	Cosalá Operations			Galena Complex			Relief Canyon			Corporate and Other			Total			Cosalá Operations			Galena Complex			Relief Canyon			Corporate and Other			Total

Revenue	$	36,435		$	44,635		$	-		$	-		$	81,070		$	41,094		$	35,297		$	-		$	-		$	76,391
Cost of sales		(30,781	)		(33,975	)		-			-			(64,756	)		(32,905	)		(29,960	)		-			-			(62,865	)
Depletion and amortization		(3,607	)		(9,424	)		(2,506	)		(173	)		(15,710	)		(6,892	)		(9,018	)		(2,589	)		(119	)		(18,618	)
Care and maintenance costs		-			(445	)		(1,139	)		-			(1,584	)		-			(445	)		(2,752	)		-			(3,197	)
Corporate general and administrative		-			-			-			(18,521	)		(18,521	)		-			-			-			(5,036	)		(5,036	)
Exploration costs		(2,203	)		(1,617	)		(87	)		-			(3,907	)		(486	)		(2,286	)		(76	)		-			(2,848	)
Accretion on decommissioning provision		(162	)		(178	)		(131	)		-			(471	)		(182	)		(165	)		(122	)		-			(469	)
Interest and financing income (expense)		(128	)		(268	)		131			(3,300	)		(3,565	)		(965	)		(317	)		41			(6,789	)		(8,030	)
Foreign exchange gain (loss)		(844	)		-			-			1,951			1,107			1,042			-			-			(881	)		161
Gain on disposal of assets		-			-			967			-			967			-			-			-			-			-
Loss on metals contract liability		-			-			-			(26,889	)		(26,889	)		-			-			-			(10,044	)		(10,044	)
Other gain (loss) on derivatives		-			-			-			3,625			3,625			-			-			-			(566	)		(566	)
Fair value loss on royalty payable		-			-			-			(300	)		(300	)		-			-			-			(729	)		(729	)
Income (loss) before income taxes		(1,290	)		(1,272	)		(2,765	)		(43,607	)		(48,934	)		706			(6,894	)		(5,498	)		(24,164	)		35,850	)
Income tax expense		(795	)		-			-			-			(795	)		(469	)		-			-			-			(469	)
Net loss for the period	$	(2,085	)	$	(1,272	)	$	(2,765	)	$	(43,607	)	$	(49,729	)	$	237		$	(6,894	)	$	(5,498	)	$	(24,164	)	$	(36,319	)