v3.26.1
SEGMENT INFORMATION (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
IfrsStatementLineItems [Line Items]      
Revenue $ 921,733 $ 594,163 $ 416,894
Depletion and amortization (229) (885) (266)
Gross profit 534,873 251,270 126,017
Exploration expenses 8,018 13,961 11,781
Other income (expense), net (17,447) (1,267) 660
Finance expense 416,085 157,782 54,004
Finance income 9,091 6,103 4,625
Interest expense on loans and debentures (25,913) (22,063) (12,464)
Income/ (Loss) before income taxes 51,873 52,420 38,306
Current tax 138,831 52,971 18,798
Deferred tax (7,618) 29,720 (12,372)
Income taxes 131,213 82,691 6,426
(Loss) / Profit for the year (79,340) (30,271) 31,880
Minosa Mine [Member]      
IfrsStatementLineItems [Line Items]      
Revenue 230,518 177,692 122,046
Cost of goods sold (80,847) (88,999) (82,893)
Depletion and amortization (5,002) (5,873) (5,325)
Gross profit 144,669 82,820 33,828
General and administrative expenses (4,302) (4,383) (4,543)
Exploration expenses (1,345) (1,107) (289)
Change in estimation for mine closure and restoration  
Other income (expense), net (8,455) (1,899) (1,043)
Operating income/(loss) 130,567 75,431 27,953
Finance expense (4,124) (5,411) (4,715)
Finance income 331 180 109
Interest expense on loans and debentures (1,368) (1,899)  
Income/ (Loss) before income taxes 125,406 68,301 21,236
Current tax (34,573) (19,174) (7,048)
Deferred tax 4,361 (764) 860
Income taxes (30,212) (19,938) (6,188)
(Loss) / Profit for the year 95,194 48,363 15,048
Property, plant and equipment 70,928 62,566 55,362
Total assets 108,077 90,620 58,905
Total liabilities 94,085 94,976 80,902
Purchase of property, plant and equipment 11,720 9,983 6,383
Interest in debt     (2,111)
Apoena Mine [Member]      
IfrsStatementLineItems [Line Items]      
Revenue 120,389 90,273 83,784
Cost of goods sold (44,153) (46,398) (51,865)
Depletion and amortization (14,489) (16,477) (17,554)
Gross profit 61,747 27,398 14,365
General and administrative expenses (3,822) (4,481) (4,835)
Exploration expenses (413) (368) (238)
Change in estimation for mine closure and restoration (239) 1,330  
Other income (expense), net (1,751) 317 (24)
Operating income/(loss) 55,522 24,196 9,268
Finance expense (9,942) (16,034) (9,966)
Finance income 669 704 694
Interest expense on loans and debentures (4,810) 317  
Income/ (Loss) before income taxes 41,439 9,183 (4,723)
Current tax (4,066) (1,984) (705)
Deferred tax (20) (2,286) 1,040
Income taxes (4,086) (4,270) 335
(Loss) / Profit for the year 37,353 4,913 (4,388)
Property, plant and equipment 77,081 62,779 83,095
Total assets 201,519 189,770 186,537
Total liabilities 135,387 139,871 158,389
Purchase of property, plant and equipment 34,652 5,580 17,789
Interest in debt     (4,719)
Aranzazu Mine [Member]      
IfrsStatementLineItems [Line Items]      
Revenue 246,405 196,787 176,814
Cost of goods sold (95,140) (94,198) (87,168)
Depletion and amortization (27,690) (25,538) (20,391)
Gross profit 123,575 77,051 69,255
General and administrative expenses (6,785) (7,143) (3,860)
Exploration expenses (3,594) (4,673) (6,916)
Change in estimation for mine closure and restoration  
Other income (expense), net (714) (1,840) (944)
Operating income/(loss) 112,482 63,395 57,535
Finance expense (6,041) (2,077) (925)
Finance income 235 104
Interest expense on loans and debentures (2,275) (1,840)  
Income/ (Loss) before income taxes 104,401 59,478 53,843
Current tax (32,727) (15,859) (10,533)
Deferred tax (8,944) (15,080) (234)
Income taxes (41,671) (30,939) (10,767)
(Loss) / Profit for the year 62,730 28,539 43,076
Property, plant and equipment 132,240 127,509 121,445
Total assets 428,473 346,398 286,344
Total liabilities 121,689 102,365 70,846
Purchase of property, plant and equipment 29,209 29,350 24,502
Interest in debt     (2,871)
Almas Mine [Member]      
IfrsStatementLineItems [Line Items]      
Revenue 195,981 129,411 34,250
Cost of goods sold (57,232) (51,451) (22,135)
Depletion and amortization (12,508) (13,959) (3,546)
Gross profit 126,241 64,001 8,569
General and administrative expenses (4,484) (2,808) (2,084)
Exploration expenses (1,931) (1,134)
Change in estimation for mine closure and restoration  
Other income (expense), net (4,869) 74 (1,599)
Operating income/(loss) 114,957 60,133 4,886
Finance expense (8,577) (14,357) (740)
Finance income 4,351 1,936 405
Interest expense on loans and debentures (14,326) 74  
Income/ (Loss) before income taxes 96,405 47,786 1,788
Current tax (37,314) (13,010) (512)
Deferred tax 7,038 (10,393) 9,615
Income taxes (30,276) (23,403) 9,103
(Loss) / Profit for the year 66,129 24,383 10,891
Property, plant and equipment 157,034 145,296 145,316
Total assets 325,020 301,453 157,382
Total liabilities 259,374 232,488 109,064
Purchase of property, plant and equipment 23,402 13,865 40,612
Interest in debt     (2,763)
Borborema Mine [Member]      
IfrsStatementLineItems [Line Items]      
Revenue 108,202
Cost of goods sold (28,459)
Depletion and amortization (7,177)
Gross profit 72,566
General and administrative expenses (2,863) (849) (1,086)
Exploration expenses (440) (305)
Change in estimation for mine closure and restoration  
Other income (expense), net 145 (1) (25)
Operating income/(loss) 69,408 (1,155) (1,111)
Finance expense (15,555) (14,871)
Finance income 339 1,636 1,065
Interest expense on loans and debentures (3,134) (2)  
Income/ (Loss) before income taxes 51,058 (14,392) (45)
Current tax (22,556)
Deferred tax 5,991
Income taxes (16,565)
(Loss) / Profit for the year 34,493 (14,392) (45)
Property, plant and equipment 242,987 184,092 59,557
Total assets 162,565 135,152 194,872
Total liabilities 156,520 151,233 136,961
Purchase of property, plant and equipment 56,682 117,187 2,588
Interest in debt    
Serra Grande Mine [Member]      
IfrsStatementLineItems [Line Items]      
Revenue 20,238    
Cost of goods sold (10,306)    
Depletion and amortization (3,857)    
Gross profit 6,075    
General and administrative expenses (224)    
Exploration expenses (134)    
Change in estimation for mine closure and restoration (250)    
Other income (expense), net 26    
Operating income/(loss) 5,493    
Finance expense 669    
Finance income    
Interest expense on loans and debentures    
Income/ (Loss) before income taxes 6,162    
Current tax    
Deferred tax (1,753)    
Income taxes (1,753)    
(Loss) / Profit for the year 4,409    
Property, plant and equipment 141,589    
Total assets 196,800    
Total liabilities 95,493    
Purchase of property, plant and equipment 3,784    
Total Reportable Segments [Member]      
IfrsStatementLineItems [Line Items]      
Revenue 921,733 594,163 416,894
Cost of goods sold (316,137) (281,046) (244,061)
Depletion and amortization (70,723) (61,847) (46,816)
Gross profit 534,873 251,270 126,017
General and administrative expenses (22,480) (19,664) (16,408)
Exploration expenses (7,857) (7,587) (7,443)
Change in estimation for mine closure and restoration (489) 1,330  
Other income (expense), net (15,618) (3,349) (3,635)
Operating income/(loss) 488,429 222,000 98,531
Finance expense (43,570) (52,750) (16,346)
Finance income 5,925 4,456 2,377
Interest expense on loans and debentures (25,913) (3,350)  
Income/ (Loss) before income taxes 424,871 170,356 72,098
Current tax (131,236) (50,027) (18,798)
Deferred tax 6,673 (28,523) 11,281
Income taxes (124,563) (78,550) (7,517)
(Loss) / Profit for the year 300,308 91,806 64,582
Property, plant and equipment 821,859 582,242 464,775
Total assets 1,422,454 1,063,393 884,040
Total liabilities 862,548 720,933 556,162
Purchase of property, plant and equipment 159,449 175,965 91,874
Interest in debt     (12,464)
Non Reportable Segments [Member]      
IfrsStatementLineItems [Line Items]      
Revenue  
Cost of goods sold  
Depletion and amortization  
Gross profit  
General and administrative expenses (27,572) (13,609)  
Exploration expenses (161) (6,374)  
Change in estimation for mine closure and restoration  
Other income (expense), net (1,829) 2,082  
Operating income/(loss) (29,562) (17,901)  
Finance expense (346,602) (103,765)  
Finance income 3,166 1,647  
Interest expense on loans and debentures 2,083  
Income/ (Loss) before income taxes (372,998) (117,936)  
Current tax (7,595) (2,944)  
Deferred tax 945 (1,197)  
Income taxes (6,650) (4,141)  
(Loss) / Profit for the year (379,648) (122,077)  
Property, plant and equipment 123,495 28,542  
Total assets 186,542 16,869  
Total liabilities 480,711 136,374  
Purchase of property, plant and equipment 19,985 4,612  
Total [Member]      
IfrsStatementLineItems [Line Items]      
Revenue 921,733 594,163 416,894
Cost of goods sold (316,137) (281,046) (244,061)
Depletion and amortization (70,723) (61,847) (46,816)
Gross profit 534,873 251,270 126,017
General and administrative expenses (50,052) (33,273) (27,211)
Exploration expenses (8,018) (13,961) (11,781)
Change in estimation for mine closure and restoration (489) 1,330  
Other income (expense), net (17,447) (1,267) 660
Operating income/(loss) 458,867 204,099 87,685
Finance expense (390,172) (156,515) (41,540)
Finance income 9,091 6,103 4,625
Interest expense on loans and debentures (25,913) (1,267)  
Income/ (Loss) before income taxes 51,873 52,420 38,306
Current tax (138,831) (52,971) (18,798)
Deferred tax 7,618 (29,720) 12,372
Income taxes (131,213) (82,691) (6,426)
(Loss) / Profit for the year (79,340) (30,271) 31,880
Property, plant and equipment 945,354 610,784 488,733
Total assets 1,608,996 1,080,262 923,824
Total liabilities 1,343,259 857,307 609,022
Purchase of property, plant and equipment $ 179,434 $ 180,577 96,094
Interest in debt     (12,464)
All other segments [member]      
IfrsStatementLineItems [Line Items]      
Revenue    
Cost of goods sold    
Depletion and amortization    
Gross profit    
General and administrative expenses     (10,803)
Exploration expenses     (4,338)
Other income (expense), net     4,295
Operating income/(loss)     (10,846)
Finance expense     (25,194)
Finance income     2,248
Income/ (Loss) before income taxes     (33,792)
Current tax    
Deferred tax     1,091
Income taxes     1,091
(Loss) / Profit for the year     (32,702)
Property, plant and equipment     23,958
Total assets     39,784
Total liabilities     52,860
Purchase of property, plant and equipment     4,220
Interest in debt