CAPITAL AND FINANCIAL RISK MANAGEMENT (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| CAPITAL AND FINANCIAL RISK MANAGEMENT |
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| Schedule of translation impact on income before income and mining taxes and equity |
The following table sets out the translation impact, based on financial instruments in place as at December 31, 2025 | | | | | | Positive (negative) impact on | | | Income before Income and | | | Mining Taxes and on Equity | Canadian dollar | | $ | (8,048) | Australian dollar | | $ | (3,316) | Euro | | $ | (11,712) | Mexican peso | | $ | 3,267 |
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| Schedule of carrying amounts of financial instruments with exposure to credit risk |
| | | | | | | | | As at | | As at | | | December 31, | | December 31, | | | 2025 | | 2024 | Cash and cash equivalents | | $ | 2,866,053 | | $ | 926,431 | Trade receivables (Notes 6, 8A and 19) | | | 18,690 | | | 7,646 | Fair value of derivative financial instruments (Notes 6 and 21) | | | 34,428 | | | 1,348 | Short-term investments (Note 8A) | | | 8,856 | | | 7,306 | Non-current loans receivable (Note 8B) | | | 9,203 | | | 12,039 | Total | | $ | 2,937,230 | | $ | 954,770 |
As at December 31, 2025 and 2024, cash and cash equivalents consisted of the following: | | | | | | | | | As at | | As at | | | December 31, | | December 31, | | | 2025 | | 2024 | Cash | | $ | 2,317,928 | | $ | 803,211 | Short-term deposits | | | 548,125 | | | 123,220 | Total cash and cash equivalents | | $ | 2,866,053 | | $ | 926,431 |
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| Schedule of lease financing, long-term debt, and total equity |
| | | | | | | | | As at | | As at | | | December 31, | | December 31, | | | 2025 | | 2024 | Lease obligations (Note 13) | | $ | 125,199 | | $ | 139,226 | Long-term debt (Note 14) | | | 196,271 | | | 1,142,956 | Total equity | | | 24,742,464 | | | 20,832,900 | Total | | $ | 25,063,934 | | $ | 22,115,082 |
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| Schedule of changes in liabilities arising from financing activities |
| | | | | | | | | | | | | | | | | | As at | | Changes from | | | | | | | As at | | | December 31, | | Financing Cash | | Foreign | | | | | December 31, | | | 2024 | | Flows | | Exchange | | Other(i) | | 2025 | Long-term debt | | $ | 1,142,956 | | | (950,000) | | | — | | | 3,315 | | $ | 196,271 | Lease obligations | | | 139,226 | | | (36,043) | | | (994) | | | 23,010 | | | 125,199 | Total liabilities from financing activities | | $ | 1,282,182 | | | (986,043) | | | (994) | | | 26,325 | | $ | 321,470 |
Note: | (i) | Includes the amortization of deferred financing costs on long-term debt reflected in finance costs and lease obligation additions. |
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