INCOME AND MINING TAXES (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| INCOME AND MINING TAXES |
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| Schedule of components of income and mining tax expense |
| | | | | | | | | Year Ended December 31, | | | 2025 | | 2024 | Current income and mining taxes | | $ | 2,080,292 | | $ | 712,129 | Deferred income and mining taxes: | | | | | | | Origination and reversal of temporary differences | | | 162,158 | | | 213,845 | Total income and mining taxes expense | | $ | 2,242,450 | | $ | 925,974 |
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| Schedule of effective income and mining tax reconciliation |
| | | | | | | | | | Year Ended December 31, | | | | 2025 | | 2024 | | Combined federal and composite provincial tax rates | | | 26 | % | | 26 | % | Expected income tax expense at statutory income tax rate | | $ | 1,743,017 | | $ | 733,605 | | Increase (decrease) in income and mining taxes resulting from: | | | | | | | | Mining taxes | | | 569,702 | | | 221,461 | | Impact of foreign tax rates and change in future tax rates | | | (17,147) | | | 12,656 | | Permanent differences | | | (2,552) | | | (68,458) | | Impact of foreign exchange on deferred income tax balances | | | (40,977) | | | 35,341 | | Other | | | (9,593) | | | (8,631) | | Total income and mining taxes expense | | $ | 2,242,450 | | $ | 925,974 | |
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| Schedule of Components of Net Deferred Income Assets |
| | | | | | | | | As at | | As at | | | December 31, 2025 | | December 31, 2024 | Mining properties | | $ | 8,001 | | $ | 12,023 | Mining taxes | | | 6,416 | | | 5,086 | Reclamation provisions and other liabilities | | | 3,404 | | | 12,089 | Total deferred income tax assets | | $ | 17,821 | | $ | 29,198 |
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| Schedule and continuity of components of deferred income and mining tax liabilities |
| | | | | | | | | As at | | As at | | | December 31, 2025 | | December 31, 2024 | Mining properties | | $ | 6,125,556 | | $ | 5,850,988 | Mining taxes | | | (449,175) | | | (423,505) | Reclamation provisions and other liabilities | | | (303,368) | | | (265,234) | Total deferred income and mining tax liabilities | | $ | 5,373,013 | | $ | 5,162,249 |
Changes in net deferred tax assets and liabilities for the years ended December 31, 2025 and 2024 are as follows: | | | | | | | | | As at | | As at | | | December 31, 2025 | | December 31, 2024 | Net deferred income and mining tax liabilities - beginning of year | | $ | 5,133,051 | | $ | 4,919,475 | Income and mining tax impact recognized in net income | | | 162,158 | | | 213,845 | Income tax impact recognized in other comprehensive income and equity | | | 59,983 | | | (269) | Net deferred income and mining tax liabilities - end of year | | $ | 5,355,192 | | $ | 5,133,051 |
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| Schedule of deductible temporary differences and unused tax losses in respect of which a deferred tax asset has not been recognized |
| | | | | | | | | As at | | As at | | | December 31, 2025 | | December 31, 2024 | Other deductible temporary differences | | $ | 1,569,035 | | $ | 1,262,999 |
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