v3.26.1
Assets Held for Sale and Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2025
Assets Held for Sale and Discontinued Operations [Abstract]  
Schedule of Loss from Discontinued Operations

The following table summarizes the major line items for the properties and entities described above that are included in Loss from discontinued operations, net of taxes in the Consolidated Statements of Operations:

 

   Year Ended 
   December 31, 
   2025   2024 
   (in thousands) 
Revenue        
Sale of metals $—  $1,440 
Total revenue  —   1,440 
Costs and expenses:          
Cost of metals sold  —   (6,382)
Exploration and other operation costs  (879)  (1,086)
Reclamation expense  (251)  (272)
Asset impairment expense  —   (561)
Other operating income (expense), net  (38)  380 
Gain on sale of assets held for sale  7,312   3,564 
Depreciation and amortization  —   (122)
Total costs and expenses  6,144   (4,479)
Income (loss) from discontinued operations before income taxes  6,144   (3,039)
Income taxes  —   — 
Loss from discontinued operations, net of taxes $6,144  $(3,039)
Schedule of Carrying Amounts of Major Classes of Assets and Liabilities of Discontinued Operations

The following table summarizes the carrying amounts of major classes of assets and liabilities of discontinued operations for each of the periods presented:

 

   December 31,   December 31, 
   2025   2024 
   (in thousands) 
Assets        
Property, plant and equipment, net(1)  —     667 
Total assets held for sale $—    $667 
           
Liabilities          
Deferred revenue(2)  —     1,820 
Other current liabilities(3)  —     150 
Total current liabilities held for sale  —     1,970 
Asset retirement and reclamation liabilities(4)  —     3,281 
Total liabilities held for sale $—    $5,251 

 

(1)Property, plant and equipment, net at December 31, 2024 consisted of the remaining Velardeña Properties assets.
(2)Deferred revenue at December 31, 2024 represents cash received for the sale of the Velardeña oxide plant.
(3)Other current liabilities at December 31, 2024 consisted of the current portion of asset retirement obligation for the Rodeo Property.
(4)Asset retirement and reclamation liabilities at December 31, 2024 relate to the Rodeo and Velardeña Properties.
Schedule of Changes in the Company's Asset Retirement and Reclamation Liabilities

The following table presents the changes in the Company’s asset retirement and reclamation liabilities for the years ended December 31, 2025 and 2024:

 

   Year Ended 
   December 31, 
   2025   2024 
   (in thousands) 
Balance at January 1, $3,431  $4,246 
Changes in estimates, and other  —   (16)
Accretion expense  251   272 
ARO liabilities sold  (3,682)  (1,071)
Balance at December 31, $—  $3,431