v3.26.1
Financial instruments (Tables)
12 Months Ended
Dec. 31, 2025
Financial Instruments [Abstract]  
Schedule of Maximum Credit Risk Exposure The carrying amount of the financial assets below represents the maximum credit risk exposure as at December 31, 2025 and December 31, 2024:
December 31, 2025
December 31, 2024
Cash and cash equivalents
$
105,442 
$
50,402 
Trade receivables
41,061 
18,399 
Derivatives
4,701 
— 
Note receivables
13,403 
12,009 
Deposits and other assets
3,577 
4,961 
$
168,184 
$
85,771 
Maturity of Non-Derivative Financial Liabilities
The table below shows the Company's maturity of non-derivative financial liabilities on December 31, 2025:

Non-derivative financial liabilities
Carrying
value
Contractual cash flows
Up to
12 months
1 - 2
years
3 - 5
years
More than
5 years
Loans and borrowings (including interest)
$
607,114 
$
754,667 
$
84,139 
$
231,225 
$
439,303 
$
— 
Accounts payable and accrued liabilities
150,356 
154,380 
154,380 
— 
— 
— 
Other non-current liabilities
15,146 
32,527 
— 
31,271 
870 
386 
Leases
25,233 
27,686 
18,697 
8,870 
106 
14 
Total
$
797,849 
$
969,260 
$
257,216 
$
271,366 
$
440,279 
$
400 
Disclosure of maturity analysis for derivative financial liabilities
The Company's outstanding derivative instruments as of December 31, 2025 are as follows:

Contract Description
Notional Amount
Denomination
Weighted average floor
Weighted average cap / forward price
Maturities
Foreign exchange collar (i)
$537.0 million
USD/BRL
5.54
6.34
January 2026 - December 2026
Gold collar (iii)
30,000 ounces
$ / oz
3,800
4,350
January 2026 - June 2026