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Segment information | 6 Months Ended
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Jun. 30, 2026
Segment Reporting [Abstract] |
Segment information | Segment information In accordance with FASB’s Accounting Standards Codification Topic 280, Segment Reporting, the Company has determined that it operates as a single reportable segment. Since the Company discontinued mining operations in November 2021 and has focused on exploration, the Company’s operations are limited and managed by one chief operating decision-maker (“CODM”). The CODM, who has been identified as the Company’s Chief Executive Officer, is responsible for all decisions regarding resource allocation and performance evaluation, which are made on a consolidated basis. Therefore, the Company has concluded that it has one operating and reportable segment. The CODM evaluates exploration and development costs and mine site costs (collectively, “Segment expenses” utilizing the following expense groupings (in thousands).
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2026 |  | 2025 |  | 2026 |  | 2025
Exploration |  | $ | 6,467 |  |  | $ | 877 |  |  | $ | 14,098 |  |  | $ | 1,863 |
Technical and projects |  | 513 |  |  | 420 |  |  | 1,215 |  |  | 794 |
Mine maintenance |  | 384 |  |  | 413 |  |  | 884 |  |  | 780 |
Processing maintenance |  | 679 |  |  | 555 |  |  | 1,347 |  |  | 1,100 |
Site-level general and administrative(1) |  | 4,390 |  |  | 2,752 |  |  | 9,984 |  |  | 5,959 |
Segment expenses |  | $ | 12,433 |  |  | $ | 5,017 |  |  | $ | 27,528 |  |  | $ | 10,496 |
(1)A portion of Mine site costs’ general and administrative expenses are allocated to Exploration and development costs for financial reporting. The following table reconciles total Segment expenses to the amounts presented in the consolidated statements of operations:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2026 |  | 2025 |  | 2026 |  | 2025
Exploration and development costs |  | $ | 8,554 |  |  | $ | 2,344 |  |  | $ | 18,206 |  |  | $ | 5,343 |
Mine site costs |  | 3,879 |  |  | 2,673 |  |  | 9,322 |  |  | 5,153 |
Segment expenses |  | $ | 12,433 |  |  | $ | 5,017 |  |  | $ | 27,528 |  |  | $ | 10,496 |

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