XML 112 R64.htm IDEA: XBRL DOCUMENT v3.25.1
Note 14 - Debt (Details Textual)
 1 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Feb. 18, 2025
USD ($)
oz
Aug. 02, 2023
oz
$ / oz
May 17, 2023
USD ($)
oz
Apr. 26, 2022
USD ($)
EquivalentShares
$ / shares
shares
Jan. 31, 2025
USD ($)
Oct. 31, 2024
USD ($)
Jul. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Sep. 30, 2026
USD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
oz
Dec. 31, 2023
USD ($)
Jun. 30, 2023
USD ($)
Apr. 25, 2022
Debt Disclosure [Line Items]                            
Proceeds from Issuance of Long-Term Debt               $ 20,000,000     $ 30,000,000 $ 27,647,500 $ 7,647,500  
Repayments of Long-Term Debt               0     7,900,000 0 0  
Long-Term Debt               44,679,859     68,969,199 44,679,859    
Amortization of Debt Issuance Costs and Discounts               398,418     $ 4,108,887 253,729 190,358  
Subsequent Event [Member]                            
Debt Disclosure [Line Items]                            
Derivative, Nonmonetary Notional Amount, Mass (Ounce) | oz 15,000                          
Repayments of Long-Term Debt $ 10,600,000       $ 13,800,000                  
Designated as Hedging Instrument [Member]                            
Debt Disclosure [Line Items]                            
Derivative, Nonmonetary Notional Amount, Mass (Ounce) | oz   124,600                 37,861      
Interest in Projected Production, Percentage   45.00%                        
Underlying, Derivative Mass (in USD per Ounce) | $ / oz   2,025                        
Designated as Hedging Instrument [Member] | Subsequent Event [Member]                            
Debt Disclosure [Line Items]                            
Derivative, Nonmonetary Notional Amount, Mass (Ounce) | oz 15,000                          
Peak Gold, LLC [Member]                            
Debt Disclosure [Line Items]                            
Equity Method Investment, Ownership Percentage     30.00%               30.00%      
Credit Agreement [Member]                            
Debt Disclosure [Line Items]                            
Line of Credit Facility, Maximum Borrowing Capacity     $ 70,000,000                      
Derivative, Nonmonetary Notional Amount, Mass (Ounce) | oz     124,600                      
Debt Instrument, Applicable Margin, Before Project Complete     6.00%                      
Debt Instrument, Applicable Margin, After Project Complete     5.00%                      
Debt Instrument, Commitment Fee, Percentage of Applicable Margin     40.00%                      
Debt Instrument, Unused Borrowing Capacity, Amount                     $ 0      
Debt Instrument, Covenant, Historical Debt Service Coverage Ratio     1.3                      
Debt Instrument, Covenant, Projected Debt Service Coverage Ratio     1.3                      
Debt Instrument, Covenant, Loan Life Coverage Ratio     1.4                      
Debt Instrument, Covenant, Discounted Present Value Cash Flow Coverage Ratio     1.7                      
Debt Instrument, Covenant, Reserve Tail Ratio     25.00%                      
Debt Instrument, Covenant, Minimum Cash Balance     $ 2,000,000                      
Credit Agreement [Member] | Base Rate [Member]                            
Debt Disclosure [Line Items]                            
Debt Instrument, Basis Spread on Variable Rate     0.50%                      
Credit Agreement [Member] | Adjusted Term SOFR [Member]                            
Debt Disclosure [Line Items]                            
Debt Instrument, Basis Spread on Variable Rate     1.00%                      
Credit Agreement [Member] | SOFR Adjustment [Member]                            
Debt Disclosure [Line Items]                            
Debt Instrument, Basis Spread on Variable Rate     0.15%                      
Credit Agreement [Member] | Term Loan Facility [Member]                            
Debt Disclosure [Line Items]                            
Line of Credit Facility, Maximum Borrowing Capacity     $ 65,000,000                      
Proceeds from Issuance of Long-Term Debt     10,000,000               60,000,000      
Repayments of Long-Term Debt           $ 5,900,000 $ 2,000,000       7,900,000      
Outstanding term loan facility                     52,100,000      
Debt Instrument, Unamortized Discount (Premium), Net     2,300,000         2,400,000     1,200,000 2,400,000    
Debt Issuance Costs, Net     1,600,000         2,400,000     1,600,000 2,400,000    
Long-Term Debt               25,200,000     49,400,000 25,200,000    
Debt Instrument, Fair Value Disclosure               30,000,000     52,100,000 $ 30,000,000    
Interest Expense, Debt               1,400,000     9.8   200,000  
Interest Expense, Debt, Excluding Amortization               1,100,000     5,800,000   145,000  
Amortization of Debt Issuance Costs and Discounts               $ 300,000     $ 4,000,000   17,000  
Debt Instrument, Interest Rate, Effective Percentage               11.58%     11.06% 11.58%    
Debt Instrument, Interest Rate, Effective Percentage, Amortization of Discount and Issuance Costs               5.60%     8.50% 5.60%    
Credit Agreement [Member] | Term Loan Facility [Member] | Forecast [Member]                            
Debt Disclosure [Line Items]                            
Repayments of Long-Term Debt                 $ 9,600,000 $ 42,600,000        
Credit Agreement [Member] | Liquidity Facility [Member]                            
Debt Disclosure [Line Items]                            
Line of Credit Facility, Maximum Borrowing Capacity     $ 5,000,000                      
Unsecured Convertible Debenture [Member]                            
Debt Disclosure [Line Items]                            
Interest Expense, Debt               $ 1,000,000            
Interest Expense, Debt, Excluding Amortization               900,000     $ 1,800,000   1,600,000  
Amortization of Debt Issuance Costs and Discounts               $ 100,000     $ 100,000   200,000  
Debt Instrument, Interest Rate, Effective Percentage               0.60%     0.60% 0.60%    
Debt Instrument, Face Amount       $ 20,000,000                    
Debt Instrument, Interest Rate, Stated Percentage       9.00%             9.00%     8.00%
Debt Instrument, Interest Paid in Cash, Percentage       7.00%                    
Debt Instrument, Interest Paid in Shares, Percentage       2.00%                    
Debt Instrument, Convertible, Conversion Price (in dollars per share) | $ / shares       $ 30.5                    
Debt Instrument, Convertible, Number of Equity Instruments | EquivalentShares       655,738                    
Debt Instrument, Covenant, Redeemable, Percentage of Par       105.00%                    
Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger       130.00%                    
Debt Instrument, Fee Percentage       3.00%                    
Share Price (in dollars per share) | $ / shares       $ 24.82                    
Stock Issued During Period, Shares, Debt Establishment Fee (in shares) | shares       24,174                    
Investor Right Agreement, Ownership Percentage       5.00%                    
Investor Right Agreement, Maximum Percentage of Shares Transferable without Notifying in Advance       0.50%                    
Unsecured Convertible Debenture [Member] | Fair Value, Inputs, Level 2 [Member]                            
Debt Disclosure [Line Items]                            
Debt Instrument, Fair Value Disclosure               $ 20,000,000     $ 20,000,000 $ 20,000,000    
Senior Secured Loan Facility [Member]                            
Debt Disclosure [Line Items]                            
Debt Instrument, Unamortized Discount (Premium), Net       $ 600,000       500,000     400,000 500,000    
Debt Issuance Costs, Net       $ 200,000                    
Long-Term Debt               $ 19,500,000     19,600,000 $ 19,500,000    
Interest Expense, Debt                     $ 1,900,000   $ 1,800,000