v3.26.1
Revenue
12 Months Ended
Dec. 31, 2025
Disclosure of Revenue [Abstract]  
Revenue [Text Block]

22.  Revenue

The following is a disaggregation of revenue categorized by commodities sold:

    Year ended     Year ended  
    December 31,     December 31,  
    2025     2024  
             
Silver            
Sales revenue $ 61,769   $ 62,052  
Derivative pricing adjustments   453     326  
    62,222     62,378  
Zinc            
Sales revenue $ 11,883   $ 37,878  
Derivative pricing adjustments   155     986  
    12,038     38,864  
Lead            
Sales revenue $ 8,487   $ 18,208  
Derivative pricing adjustments   (168 )   (1 )
    8,319     18,207  
Other by-products            
Sales revenue $ 353   $ 1,060  
Derivative pricing adjustments   89     342  
    442     1,402  
             
Total sales revenue $ 82,492   $ 119,198  
Total derivative pricing adjustments   529     1,653  
Gross revenue $ 83,021   $ 120,851  
Proceeds before intended use   44,781     3,678  
Treatment and selling costs   (9,868 )   (24,341 )
  $ 117,934   $ 100,188  

Derivative pricing adjustments represent subsequent variations in revenue recognized as an embedded derivative from contracts with customers and are accounted for as financial instruments (see Note 27).

Proceeds before intended use represent net revenues recognized on sale of silver-copper concentrate mined from the EC120 Project at the Cosalá Operations as it progresses toward commercial production declaration. Sales revenue from silver and copper were approximately $39.5 million and $8.5 million, respectively, net of treatment and selling costs.