ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2025

Acquisitions

Schedule of acquisitions

Schedule of acquisitions
		2023
Balance at the beginning of the year			54,353
Loss for the year			(1,894	)
Joint Venture acquisition			-
Investment included in the consolidation (acquisition of control)			(52,459	)
Balance at the end of the year			-

Schedule of financial information of the investment


				Fair value recognized on acquisition
Assets acquired		Cash and cash equivalents			138
		Other assets			687
		Property, plant and equipment (Note 11)			75,221

Liabilities assumed		Trade and other payables			761
		Other liabilities			2,954
		Loans and debentures			19,900
		Provision for mine closure and restoration			9,668
		Deferred income tax liabilities			1,137

Net assets					41,626

Schedule of Assets acquired and liabilities assumed

		Fair value recognized on acquisition
ASSETS
Cash and cash equivalents			20,706
Accounts receivables			13
Value added taxes and other recoverable taxes			14,551
Inventories (a)			23,144
Other receivables and assets			6,795
Property, plant and equipment (b)			142,846
Deferred income tax assets			7,362
Assets			215,417
LIABILITIES
Trade and other payables			67,710
Other liabilities			3,186
Provision for mine closure and restoration			10,035
Other provisions			38,002
Liabilities			118,933
Total identifiable net assets at fair value			96,484

Purchase consideration transferred			96,484

(a)

The fair value of inventories acquired amounted to $23,144 at the acquisition date, based on management’s assessment of the nature and condition of the inventories, including finished goods and work in process, estimated costs to complete, and current market conditions.

(b)

The fair value of Property, plant and equipment acquired amounted to $142,846 at the acquisition date, based on management’s assessment of the physical condition of the assets, their remaining useful lives, and current market condition.