v3.26.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Income Statement    
Revenues $ 277,370 $ 191,157
Cost of sales (9,115) (6,738)
Depletion (35,770) (32,607)
Gross profit 232,485 151,812
Other operating expenses    
General and administrative (20,932) (18,298)
Business development (9,293) (5,632)
Impairment of royalty, stream and other interests (5,495) (49,558)
Operating income 196,765 78,324
Interest income 4,021 4,153
Finance costs (4,475) (7,966)
Foreign exchange gain (loss) 645 (4,424)
Share of loss of associates (14,178) (30,025)
Other gains (losses), net 58,607 (9,920)
Earnings before income taxes 241,385 30,142
Income tax expense (35,297) (13,875)
Net earnings $ 206,088 $ 16,267
Net earnings per share    
Basic $ 1.1 $ 0.09
Diluted $ 1.09 $ 0.09