v3.26.1
Consolidated statements of financial position - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 129,783 $ 20,002
Trade and other receivables 8,856 7,132
Inventories 10,668 10,704
Prepaid expenses 2,542 2,876
Derivative instruments 1,815 0
Total current assets 153,664 40,714
Non-current assets    
Restricted cash 4,716 4,527
Property, plant and equipment 248,815 147,399
Investment in joint ventures 2,843 0
Derivative instruments 2,958 0
Total assets 412,996 192,640
Current liabilities    
Trade and other payables 38,819 37,333
Metals contract liability 21,308 12,887
Silver contract liability 13,325 0
Derivative instruments 0 709
Convertible debenture 0 10,849
Pre-payment facility 0 2,000
Credit facility 7,041 2,050
Term loan facility 2,918 0
Royalty payable 2,753 2,762
Total current liabilities 86,164 68,590
Non-current liabilities    
Other long-term liabilities 2,446 1,658
Metals contract liability 19,718 22,917
Silver contract liability 24,196 14,568
Credit facility 399 7,440
Term loan facility 45,312 0
Post-employment benefit obligations 2,131 3,892
Decommissioning provision 11,000 11,389
Deferred tax liabilities 13 48
Total liabilities 191,379 130,502
Equity    
Share capital 812,582 573,532
Equity reserve 64,322 56,521
Foreign currency translation reserve 13,459 14,426
Deficit (668,746) (582,341)
Total equity 221,617 62,138
Total liabilities and equity $ 412,996 $ 192,640