
Year ended December 31, 2025	Caraíba (Brazil)		Tucumã (Brazil)		Xavantina (Brazil)		Corporate and Other		Consolidated

Revenue	$	358,289	$	261,447	$	166,108	$	—	$	785,844

Cost of production	(188,765)		(65,193)		(37,900)		—		(291,858)
Depreciation and depletion	(76,478)		(17,360)		(20,325)		—		(114,163)
Sales expense	(8,139)		(20,143)		(5,842)		—		(34,124)
Other expense	(1,070)		—		—		—		(1,070)
Cost of sales	(274,452)		(102,696)		(64,067)		—		(441,215)

Gross profit	83,837		158,751		102,041		—		344,629

Expenses
General and administrative	(20,198)		(10,202)		(6,736)		(12,315)		(49,451)
Share-based compensation	—		—		—		(24,580)		(24,580)

Operating income (loss)	$	63,639	$	148,549	$	95,305	$	(36,895)	$	270,598










Capital expenditures(1)	176,577		47,119		28,038		21,308		273,042

Assets
Current	$	82,230	$	91,466	$	90,087	$	12,429	276,212
Non-current	1,015,424		476,957		119,617		35,668		1,647,666
Total Assets	$	1,097,654	$	568,423	$	209,704	$	48,097	$	1,923,878
Total Liabilities	$	152,880	$	37,099	$	176,287	$	619,750	$	986,016

(1) Capital expenditures include additions to mineral properties, plant and equipment and additions to exploration and evaluation asset, net of non-cash additions such as change in estimates to mine closure costs, capitalized depreciation expense, capitalized borrowing costs, and additions of right-of-use assets.

During the year ended December 31, 2025, the Company had seven significant customers (December 31, 2024 - six), including four copper customers (December 31, 2024 - four) and three gold customers (December 31, 2024 - two).


Year ended December 31, 2024	Caraíba (Brazil)		Tucumã (Brazil)		Xavantina (Brazil)		Corporate and Other		Consolidated

Revenue	$	311,777	$	31,179	$	127,303	$	—	$	470,259

Cost of production	(158,006)		(4,805)		(30,055)		—		(192,866)
Depreciation and depletion	(65,194)		(149)		(20,390)		—		(85,733)
Sales expense	(7,443)		(1,695)		(1,969)		—		(11,107)

Cost of sales	(230,643)		(6,649)		(52,414)		—		(289,706)

Gross profit	81,134		24,530		74,889		—		180,553

Expenses
General and administrative	(26,044)		(2,172)		(6,545)		(14,837)		(49,598)
Share-based compensation	—		—		—		(9,983)		(9,983)
Write-down of exploration and evaluation asset	(1,299)		—		—		(10,752)		(12,051)
Operating income (loss)	$	53,791	$	22,358	$	68,344	$	(35,572)	$	108,921









Capital expenditures(1)	165,681		126,782		24,625		7,847		324,935

Assets
Current	$	65,116	$	16,600	$	12,691	$	47,383	141,790
Non-current	818,324		400,889		85,013		12,012		1,316,238
Total Assets	$	883,440	$	417,489	$	97,704	$	59,395	$	1,458,028
Total Liabilities	$	166,730	$	40,174	$	85,448	$	574,602	866,954