Income taxes (Tables) |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Income taxes [Abstract] | |
| Schedule of Deferred tax assets and liabilities | Recognized in earnings As at December 31 2025 2024 2025 2024 Assets Property, plant and equipment $ (158,359) $ (41,454) $ 316,516 $ 475,008 Provision for reclamation (4,247) (11,237) 184,175 188,422 Inventories (976) (4,979) 5,584 6,561 Foreign exploration and development (267) (398) 1,924 2,191 Income tax losses (gains) 12,080 (8,108) 97,749 85,668 Defined benefit plan actuarial losses - - 5,664 5,233 Long-term investments and other (25,193) 14,880 54,845 80,048 Deferred tax assets (176,962) (51,296) 666,457 843,131 Liabilities Property, plant and equipment - - - - Inventories - - - - Deferred tax liabilities - - - - Net deferred tax asset (liability) $ (176,962) $ (51,296) $ 666,457 $ 843,131 Deferred tax allocated as 2025 2024 Deferred tax assets $ 666,457 $ 843,131 Deferred tax liabilities - - Net deferred tax asset $ 666,457 $ 843,131 2025 2024 Deferred tax asset at beginning of year $ 843,131 $ 892,860 Expense for the year in net earnings (176,962) (51,296) Recovery for the year in other comprehensive income 431 969 Effect of movements in exchange rates (143) 598 End of year $ 666,457 $ 843,131 2025 2024 Income tax losses $ 394,462 $ 379,695 Property, plant and equipment 2,386 2,496 Provision for reclamation 81,752 81,984 Long-term investments and other 123,505 162,278 Total $ 602,105 $ 626,453 |
| Schedule of Tax rate reconciliation | 2025 2024 Earnings before income taxes $ 777,261 $ 256,716 Combined federal and provincial tax rate 26.9% 26.9% Computed income tax expense 209,083 69,057 Increase (decrease) in taxes resulting from: Difference between Canadian rates and rates applicable to subsidiaries in other countries 18,699 (4,482) Change in unrecognized deferred tax assets (5,893) 75,923 Non-taxable portion of capital loss - 6,775 Income in equity-accounted investees (50,577) (60,343) Other taxes 8,305 15,453 Foreign exchange permanent differences 12,305 (14,939) Other permanent differences (4,203) (2,570) Income tax expense $ 187,719 $ 84,874 |
| Schedule of Earnings and income taxes by jurisdiction | 2025 2024 Earnings (loss) before income taxes Canada $ 783,843 $ 401,080 Foreign (6,582) (144,364) $ 777,261 $ 256,716 Current income taxes Canada $ 2,100 $ 24,149 Foreign 8,657 9,429 $ 10,757 $ 33,578 Deferred income taxes (recovery) Canada $ 180,805 $ 39,115 Foreign (3,843) 12,181 $ 176,962 $ 51,296 Income tax expense $ 187,719 $ 84,874 |
| Schedule of Income tax losses | Date of expiry Canada US Other Total 2026 $ - $ - $ 14,830 $ 14,830 2027 - - 248 248 2028 - - 64 64 2029 47 - 12,728 12,775 2030 - - 2,047 2,047 2031 - 22,040 40,723 62,763 2032 272 23,738 36,640 60,650 2033 - 36,485 - 36,485 2034 - 16,933 5,083 22,016 2035 - 7,718 8,037 15,755 2036 - 47,205 6,331 53,536 2037 27 35,359 3,317 38,703 2038 - - 355 355 2039 66 - 155 221 2040 37 - 423 460 2041 77 - 188 265 2042 49 - 198 247 2043 71 - - 71 2044 56 - - 56 No expiry - 582,774 1,055,848 1,638,622 $ 702 $ 772,252 $ 1,187,215 $ 1,960,169 |