The reclamation provision represents the estimated costs for restoration and rehabilitation for environmental disturbances at Warintza, estimated to be incurred in the year 2027. The total undiscounted estimated cash flows required to settle these obligations as at December 31, 2025 are $4,322 (December 31, 2024 – $4,274), which have been inflated at an average rate of 2.43% per annum (December 31, 2024 – 2.07%) and discounted at an average rate of 3.55% (December, 31, 2024 – 4.27%).

Restricted cash of $821 (December 31, 2024 – $571) represents funds being used to collateralize guarantees issued to support environmental bonding requirements with respect to the environmental disturbances at Warintza. The increase in the year represents a guarantee paid to ENAMI EP relating to the expansion of the Warintza district (Note 25).