v3.26.1
Segmented information
12 Months Ended
Dec. 31, 2025
Segmented information  
Segmented information

32.

Segmented information

The operating segments are reported in a manner consistent with the internal reporting provided to the Chief Executive Officer (“CEO”) who fulfills the role of the chief decision-maker. The CEO is responsible for allocating resources and assessing performance of the Company’s operating segments. The chief decision-maker organizes and manages the business under geographic segments, being the acquisition, exploration and development of mineral properties. The assets related to the exploration, evaluation and development of mining projects are located in Canada, the USA and Mexico prior to classification of the Mexican operations as asset held for sale in 2025 (Note 6) and are detailed as follows:

2025

  ​ ​ ​

Canada

  ​ ​ ​

Mexico

USA

  ​ ​ ​

Total

(Note 6)

  ​ ​ ​

$

  ​ ​ ​

$

  ​ ​ ​

$

  ​ ​ ​

$

Other assets (non-current)

15,791

2,123

17,914

Mining interests and property, plant and equipment

588,776

55,550

644,326

Exploration and evaluation

6,091

83,544

89,635

Total non-current assets (excluding investments)

610,658

141,217

751,875

2024

  ​ ​ ​

Canada

  ​ ​ ​

Mexico

  ​ ​ ​

USA

  ​ ​ ​

Total

  ​ ​ ​

$

  ​ ​ ​

$

  ​ ​ ​

$

  ​ ​ ​

$

Other assets (non-current)

10,864

15,499

4,722

31,085

Mining interests and property, plant and equipment

497,816

32,793

63,184

593,793

Exploration and evaluation

4,464

81,794

86,258

Total non-current assets (excluding investments)

513,144

48,292

149,700

711,136

The operating losses related to the mining projects located in Canada and the USA for the years ended December 31, 2025 and 2024 are as follows and exclude the Mexican operations as considered discontinued operations:

  ​ ​ ​

Canada

  ​ ​ ​

USA

  ​ ​ ​

Total

$

$

$

For the year ended December 31, 2025

  ​

 

  ​

 

  ​

Revenues

35,478

 

35,478

Cost of sales

(13,855)

 

(13,855)

Other operating costs

(42,483)

(4,377)

 

(46,860)

General and administrative

(25,059)

(3,321)

 

(28,380)

Impairment of assets

(28,108)

 

(28,108)

Operating (loss) income from continuing activities

(95,650)

 

13,925

 

(81,725)

For the year ended December 31, 2024

Revenues

293

4,267

4,560

Cost of sales

(224)

(4,553)

(4,777)

Other operating costs

(21,561)

(7,439)

(29,000)

General and administrative

(23,912)

(3,518)

(27,430)

Impairment of assets

(4,894)

(847)

(5,741)

Operating loss from continuing activities

(50,298)

(12,090)

(62,388)