Cash and cash equivalents

12 Months Ended

Dec. 31, 2025

7.	Cash and cash equivalents

As at December 31, 2025 and December 31 2024, the consolidated cash and cash equivalents position was as follows:


		2025		2024
		$		$
Cash and cash equivalents held in Canadian dollars		112,912		11,776

Cash and cash equivalents held in U.S. dollars		220,426		63,615
Cash and cash equivalents held in U.S. dollars (Canadian dollars equivalent)		302,115		91,535

Cash held and cash equivalents in Mexican Pesos		95,200		48,234
Cash held and cash equivalents in Mexican Pesos (Canadian dollars equivalent)		7,256		3,342
		422,283		106,653

As at December 31, 2025, cash and cash equivalents include guaranteed investment certificates (“GICs”) totaling $354.2 million, bearing interest rates ranging from 2.55% to 4.50% and maturing between February 10, 2026 and May 11, 2026. These GICs are held with Canadian chartered banks which reduces its credit risk. These GICs are redeemable on demand or have original maturities of three months or less. No balances were held in money market funds as at December 31, 2025 (December 31, 2024 – US$1.6 million (C$2.3 million)).