| Mine properties, plant and equipment [Text Block] |
| 8) |
Mine properties, plant and equipment |
At December 31, 2025, the Company's economic interest in the Maracás Menchen Mine totaled 99.95% (December 31, 2024 - 99.4%). The remaining 0.05% economic interest is held by Companhia Baiana de Pesquisa Mineral ("CBPM") owned by the state of Bahia. CBPM retains a 3% net smelter royalty ("NSR") in the Maracás Menchen Mine. The property is also subject to a royalty of 2% on certain operating costs under the Brazilian Mining Act. Under a separate agreement, a third party receives a 2% NSR in the Maracás Menchen Mine.
The recoverable amount of the Mine Properties CGUs was determined by calculating the FVLCD. The FVLCD was determined by calculating the net present value of the estimated future cash flows (level 3 of the fair value hierarchy).
| |
|
Computer
Equipment |
|
|
Vehicles |
|
|
Mine
Properties |
|
|
Buildings,
Plant and
Equipment |
|
|
Construction
In Progress |
|
|
Total |
|
| Cost |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance at December 31, 2023 |
$ |
5,689 |
|
$ |
346 |
|
$ |
139,094 |
|
$ |
240,061 |
|
$ |
11,771 |
|
$ |
396,961 |
|
| Additions |
|
1 |
|
|
- |
|
|
13,666 |
|
|
10,492 |
|
|
14,429 |
|
|
38,588 |
|
| Disposals and write-offs |
|
(10 |
) |
|
- |
|
|
- |
|
|
(4,664 |
) |
|
- |
|
|
(4,674 |
) |
| Assets held for sale (note 6) |
|
(4,894 |
) |
|
- |
|
|
- |
|
|
(5,679 |
) |
|
- |
|
|
(10,573 |
) |
| Reclassifications |
|
- |
|
|
- |
|
|
- |
|
|
9,007 |
|
|
(9,007 |
) |
|
- |
|
| Effects of changes in foreign exchange rates |
|
(116 |
) |
|
(76 |
) |
|
(26,796 |
) |
|
(53,236 |
) |
|
(3,483 |
) |
|
(83,707 |
) |
| Balance at December 31, 2024 |
$ |
670 |
|
$ |
270 |
|
$ |
125,964 |
|
$ |
195,981 |
|
$ |
13,710 |
|
$ |
336,595 |
|
| Additions |
|
77 |
|
|
- |
|
|
21,126 |
|
|
3,347 |
|
|
2,986 |
|
|
27,536 |
|
| Disposals and write-offs |
|
(126 |
) |
|
(249 |
) |
|
- |
|
|
(757 |
) |
|
- |
|
|
(1,132 |
) |
| Reclassifications |
|
- |
|
|
- |
|
|
- |
|
|
12,156 |
|
|
(12,156 |
) |
|
- |
|
| Effects of changes in foreign exchange rates |
|
56 |
|
|
37 |
|
|
13,231 |
|
|
24,890 |
|
|
1,509 |
|
|
39,723 |
|
| Balance at December 31, 2025 |
$ |
677 |
|
$ |
58 |
|
$ |
160,321 |
|
$ |
235,617 |
|
$ |
6,049 |
|
$ |
402,722 |
|
| |
|
Computer
Equipment |
|
|
Vehicles |
|
|
Mine
Properties |
|
|
Buildings,
Plant and
Equipment |
|
|
Construction
In Progress |
|
|
Total |
|
| Accumulated Depreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance at December 31, 2023 |
$ |
2,455 |
|
$ |
298 |
|
$ |
49,734 |
|
$ |
132,298 |
|
$ |
- |
|
$ |
184,785 |
|
| Depreciation |
|
455 |
|
|
12 |
|
|
14,158 |
|
|
16,967 |
|
|
- |
|
|
31,592 |
|
| Disposals and write-offs |
|
(10 |
) |
|
- |
|
|
- |
|
|
(4,664 |
) |
|
- |
|
|
(4,674 |
) |
| Assets held for sale (note 6) |
|
(2,365 |
) |
|
- |
|
|
- |
|
|
(2,401 |
) |
|
- |
|
|
(4,766 |
) |
| Effects of changes in foreign exchange rates |
|
(71 |
) |
|
(67 |
) |
|
(10,608 |
) |
|
(30,352 |
) |
|
- |
|
|
(41,098 |
) |
| Balance at December 31, 2024 |
$ |
464 |
|
$ |
243 |
|
$ |
53,284 |
|
$ |
111,848 |
|
$ |
- |
|
$ |
165,839 |
|
| Depreciation |
|
113 |
|
|
12 |
|
|
11,426 |
|
|
14,852 |
|
|
- |
|
|
26,403 |
|
| Disposals and write-offs |
|
(126 |
) |
|
(249 |
) |
|
- |
|
|
(757 |
) |
|
- |
|
|
(1,132 |
) |
| Effects of changes in foreign exchange rates |
|
35 |
|
|
33 |
|
|
5,480 |
|
|
14,197 |
|
|
- |
|
|
19,745 |
|
| Balance at December 31, 2025 |
$ |
486 |
|
$ |
39 |
|
$ |
70,190 |
|
$ |
140,140 |
|
$ |
- |
|
$ |
210,855 |
|
| Net Book Value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| At December 31, 2024 |
$ |
206 |
|
$ |
27 |
|
$ |
72,680 |
|
$ |
84,133 |
|
$ |
13,710 |
|
$ |
170,756 |
|
| At December 31, 2025 |
$ |
191 |
|
$ |
19 |
|
$ |
90,131 |
|
$ |
95,477 |
|
$ |
6,049 |
|
$ |
191,867 |
|
Of the additions noted above, $27,530 related to the Mine Properties segment (year ended December 31, 2024 − $37,028) and $nil related to the Clean Energy segment (year ended December 31, 2024 − $34).
|