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Exploration Expenditures
 12 Months Ended
Dec. 31, 2025
Exploration Expenditures [Abstract]  
EXPLORATION EXPENDITURES
13.Exploration expenditures

 

The Company’s exploration expenditures by activity are as follows:

 

For the year ended December 31,  2025   2024 
Salaries, studies, geological consultants and support, and travel  $12,700   $18,678 
Site preparation, supplies, field and operational costs   8,107    12,805 
Drilling and drilling related costs   1,456    14,877 
Assay and analysis   735    2,735 
Community relations, environmental and permitting   10,190    8,631 
Concession fees   565    553 
Reclamation provision   475    2,216 
Amortization   1,117    1,012 
   $35,345   $61,507 

 

Pursuant to agreements with local communities, the Company is required to make certain monthly community support payments. Following the completion of the PFS in November 2025, exploration and evaluation expenditure for the Warintza Project has been capitalised (Note 6).

The Company’s exploration expenditures by jurisdiction are as follows:

 

For the year ended December 31,  2025   2024 
Ecuador  $32,908   $59,547 
Chile   95    86 
Mexico   165    162 
Peru – Warintza costs   1,900    1,436 
Peru – Capricho & Paco assets   277    276 
   $35,345   $61,507 

 

Exploration expenditure in Peru includes costs for shared technical services, performed in Lima. $449 of these costs were capitalised to the Warintza asset (2024: $nil) as they relate directly to the technical services performed for that project.