Finance Expense

12 Months Ended

Dec. 31, 2025


20			FINANCE INCOME (EXPENSE)


	For the years ended
		December 31, 2025	December 31, 2024
Interest expense (i)		($1.0)	($4.1)
Interest income		14.8	12.6
Lease liability interest (i)		—	(1.4)
Accretion on reclamation provision		(9.6)	(8.9)
Deferred payment accretion (Note 7)		2.2	—
Other (i)		—	(2.0)


		$6.4	($3.8)

(i) During the year ended December 31, 2025, $24.9 million of interest was capitalized in mineral property, plant and equipment (year ended December 31, 2024 - $11.3 million). Capitalized interest is inclusive of non-cash accretion on deferred revenue (Note 14).Total interest paid, including interest capitalized, during year ended December 31, 2025 was $18.4 million (year ended December 31, 2024 - $9.5 million). The capitalization rate used to determine the amount of borrowing costs eligible for capitalization was 6.32% (December 31, 2024- 7.03%).