INCOME TAXES (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Income Taxes [Abstract] |
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| Schedule of Information About Components Of Tax Expense Income |
| | | | | | | | | | 2025 | 2024 | | Income before income taxes from continuing operations | $ | 131,367 | | $ | 533,310 | | | Combined Canadian federal and provincial income tax rate (%) | 27 | | 27 | | | Expected income tax expense | $ | 35,469 | | $ | 143,994 | | | Foreign exchange impact | (20,487) | | 20,258 | | | Non-taxable income and non-deductible expenses | 24,378 | | 16,159 | | | Impact of tax rate differences between jurisdictions | (2,044) | | 29,271 | | | Change in estimates of prior year | 26,012 | | 6,091 | | | Impact of Mexican inflation | (4,396) | | (5,043) | | | Tax effect of changes in temporary differences for which no tax benefit has been recognized | 60,596 | | 50,607 | | | Mining, state and other special tax | 45,495 | | 22,681 | | | Reductions based on local tax incentives and other benefits | (14,795) | | (11,002) | | | Total income tax expense | $ | 150,228 | | $ | 273,016 | | | | | | Comprising: | | | | Current tax expense | $ | 135,527 | | $ | 25,024 | | | Deferred tax expense | 14,701 | | 247,992 | | | $ | 150,228 | | $ | 273,016 | |
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| Schedule of Detailed Information About Net Deferred Tax Assets And Liabilities |
The significant components of the Company’s deferred income tax assets and deferred income tax liabilities at December 31, 2025 and 2024 were as follows: | | | | | | | | | | 2025 | 2024 | | Non-capital losses | $ | 211,812 | | $ | 174,610 | | | Deductible temporary differences relating to: | | | | Investments and loans and borrowings | 77,904 | | 19,187 | | | Inventories | 42,042 | | 32,003 | | | Reclamation and closure cost provisions | 27,208 | | 17,624 | | | Derivatives | 21,934 | | 31,355 | | | Accrued liabilities | 9,547 | | 14,528 | | | Mining tax | 9,129 | | 6,025 | | | Other | 12,718 | | 4,979 | | | Total deferred income tax assets | $ | 412,294 | | $ | 300,311 | | | Taxable temporary differences relating to: | | | | Mineral properties, plant and equipment | $ | (1,537,640) | | $ | (870,539) | | | Mining tax | (242,392) | | (190,547) | | | Loans and borrowings | (23,670) | | (23,539) | | | Inventories | (10,141) | | (12,107) | | | Other | (10,302) | | (1,212) | | | Total deferred income tax liabilities | (1,824,145) | | (1,097,944) | | | Net deferred income tax liability | $ | (1,411,851) | | $ | (797,633) | | | | | | Classified and presented as: | | | | Deferred income tax assets | $ | — | | $ | 2,339 | | | Deferred income tax liabilities | (1,411,851) | | (799,972) | | | $ | (1,411,851) | | $ | (797,633) | |
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| Schedule of Detailed Information About In Deferred Tax Assets And Liabilities Explanatory |
The movements in the Company’s net deferred income tax liability during the years ended December 31, 2025 and 2024 were as follows: | | | | | | | | | | | | | Note | 2025 | 2024 | | Balance – beginning of year | | $ | (797,633) | | $ | (244,704) | | | Recognized on Calibre Acquisition | 5(a) | (604,594) | | — | | | Recognized in net income from continuing operations | | (14,701) | | (247,992) | | | Recognized in net income from discontinued operation | 9 | 17,479 | | (7,304) | | | Recognized in OCI | | (12,511) | | 15,031 | | | Recognized directly in equity | | — | | (1,414) | | | Disposed on sale of Nevada Assets | 5(b) | 6,157 | | — | | | Reclassified to assets held for sale and liabilities relating to assets held for sale | 9 | (6,048) | | — | | | Recognized on Greenstone Acquisition | 5(c) | — | | (311,250) | | | Balance – end of year | | $ | (1,411,851) | | $ | (797,633) | |
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| Schedule of Detailed Information About Deductible Temporary Differences Unused Tax Losses And Unused Tax Credits For Which Deferred Tax Assets Not Recognized |
The Company’s deductible temporary differences, unused tax losses and unused tax credits relating to continuing operations at December 31, 2025 for which deferred income tax assets have not been recognized were as follows: | | | | | | | | | | 2025 | 2024(1) | | Deductible temporary differences relating to: | | | | Limited interest expense deduction carryforward | $ | 174,037 | | $ | 87,911 | | | Derivatives | 149,911 | | 20,024 | | | Reclamation and closure cost provisions | 135,302 | | 93,904 | | | Mineral properties, plant and equipment | 125,075 | | 155,187 | | | Investments and loans and borrowings | 37,669 | | 152,838 | | | Accrued receivables and liabilities | 22,091 | | 63,073 | | | Other | 8,816 | | 31,406 | | | Non-capital losses | 344,335 | | 463,008 | | | Capital losses | 16,020 | | 84,555 | | | $ | 1,013,256 | | $ | 1,151,906 | |
(1) The above figures for deductible temporary differences, unused tax losses and unused tax credits for which deferred income tax assets have not been recognized at December 31, 2024 include $284.3 million relating to the Brazil Operations.
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| Schedule of Detailed Information About Non Capital Loss Applied To Reduce Future Taxable Income |
The loss carryforwards expire as follows: | | | | | | | 2025 | Canada (expire between 2035–2045) | $ | 1,388,893 | | United States - California (expire between 2030–2040 or after) | 67,960 | | Mexico (expire between 2026–2035) | 200,769 | | Other (expire 2027 or after) | 17,357 | | | $ | 1,674,979 | |
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