| 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) |
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