v3.26.1
HELD FOR SALE AND DISCONTINUED OPERATIONS - Consolidated Balance Sheets (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Dec. 31, 2024
Assets held for sale:      
Cash and cash equivalents $ 634,086 $ 524,750  
Inventories 522,949 488,800  
Mineral properties, plant and equipment, net 1,885,346 1,835,722  
 Total current assets 3,668,884 1,287,121  
Inventories 327,075 328,923  
Other non-current assets 60,862 62,279  
Total assets [1] 5,946,734 6,093,898  
Liabilities held for sale:      
Accounts payable 36,604 29,201  
Accrued liabilities and other 228,370 197,353  
Reclamation and remediation liabilities 7,895 8,814  
Finance lease liabilities 91 1,745  
Current portion of debt 0 229,640  
Other current liabilities (236) 2,751  
Total current liabilities 688,673 618,357  
Reclamation and remediation liabilities 396,826 390,209  
Deferred income tax liabilities 206,995 198,527  
Other non-current liabilities 52,109 39,327  
Total liabilities [1] 1,517,971 1,779,644  
Non-controlling interest 797,779 806,481  
Trade and other receivables 138,633 136,721  
Variable Interest Entity, Primary Beneficiary      
Assets held for sale:      
Cash and cash equivalents 17,000 9,200  
Mineral properties, plant and equipment, net 841,900 811,300  
Other non-current assets 5,200 4,400  
Total assets 900,400 858,800  
Liabilities held for sale:      
Accounts payable 3,600 3,800  
Accrued liabilities and other 3,100 4,100  
Deferred income tax liabilities 71,000 73,500  
Other non-current liabilities 66,000 51,400  
Total liabilities 143,700 132,800  
Trade and other receivables 2,000 3,300  
Discontinued Operations      
Assets held for sale:      
Cash and cash equivalents 3,662 10,085  
Inventories 300,853 27,521  
Prepaids and other current assets 8,206 4,617  
Mineral properties, plant and equipment, net 1,947,232 0  
 Total current assets 2,259,953 42,223  
Mineral properties, plant and equipment, net 0 2,297,532  
Inventories 0 274,919  
Other non-current assets 0 2,545  
Total assets 2,259,953 2,617,219  
Liabilities held for sale:      
Accounts payable 9,958 11,653  
Accrued liabilities and other 10,022 11,935  
Reclamation and remediation liabilities 230,042 25,379  
Finance lease liabilities 80,120 5,012  
Deferred income tax liabilities 72,085 0  
Other current liabilities 2,486 0  
Total current liabilities 415,713 64,979  
Finance lease liabilities 0 76,344  
Reclamation and remediation liabilities 0 207,081  
Deferred income tax liabilities 0 88,961  
Other non-current liabilities 0 3,063  
Total liabilities 415,713 440,428  
Non-controlling interest 352,803 359,210  
Discontinued Operations | Variable Interest Entity, Primary Beneficiary      
Assets held for sale:      
Cash and cash equivalents 1,300 6,200  
Inventories 300,800 27,500  
Mineral properties, plant and equipment, net 1,942,000 2,294,600  
Inventories 0 274,900  
Other non-current assets 0 300  
Total assets 2,250,700 2,608,700  
Liabilities held for sale:      
Accounts payable 9,800 11,500  
Accrued liabilities and other 26,100 25,700  
Reclamation and remediation liabilities 230,000 25,400  
Finance lease liabilities 75,100 0  
Finance lease liabilities 0 76,300  
Reclamation and remediation liabilities 0 207,100  
Other non-current liabilities 0 2,600  
Total liabilities 413,100 437,500  
Trade and other receivables 100 0  
Deferred income tax liabilities, current 72,100 0  
Deferred income tax liabilities, non-current 0 88,900  
Nonrelated Party      
Assets held for sale:      
Prepaids and other current assets 49,137 30,299  
Liabilities held for sale:      
Current portion of debt 0 229,640  
Nonrelated Party | Variable Interest Entity, Primary Beneficiary      
Assets held for sale:      
Prepaids and other current assets 10,400 7,100  
Nonrelated Party | Discontinued Operations | Variable Interest Entity, Primary Beneficiary      
Assets held for sale:      
Prepaids and other current assets 6,500 5,200  
Related Party      
Assets held for sale:      
Prepaids and other current assets 23,856 23,549  
Liabilities held for sale:      
Current portion of debt     $ 11,000
Related Party | Variable Interest Entity, Primary Beneficiary      
Assets held for sale:      
Prepaids and other current assets   23,500  
Related Party | Discontinued Operations      
Liabilities held for sale:      
Current portion of debt $ 11,000 $ 11,000  
[1] The consolidated assets as of March 31, 2026 and December 31, 2025 include $900.4 million and $858.8 million, respectively, of assets of variable interest entities (“VIEs”) that can only be used to settle the obligations of the VIEs. As of March 31, 2026 and December 31, 2025, the assets include Cash and cash equivalents of $17.0 million and $9.2 million, respectively; Trade and other receivables of $2.0 million and $3.3 million, respectively; Prepaids and other current assets of $10.4 million and $7.1 million, respectively; Prepaids, related party of $23.9 million and $23.5 million, respectively; Mineral properties, plant and equipment, net of $841.9 million and $811.3 million, respectively; and Other non-current assets of $5.2 million and $4.4 million, respectively. The consolidated liabilities as of March 31, 2026 and December 31, 2025 include $143.7 million and $132.8 million, respectively, of liabilities of VIEs whose creditors have no recourse to the Company. As of March 31, 2026 and December 31, 2025, the liabilities include Accounts payable of $3.6 million and $3.8 million, respectively; Accrued liabilities and other of $3.1 million and $4.1 million, respectively; Deferred income tax liabilities of $71.0 million and $73.5 million, respectively; and Other non-current liabilities of $66.0 million and $51.4 million, respectively. Certain consolidated VIE assets and liabilities were classified as held for sale during the first quarter of 2026, refer to Note 3 and Note 4 for further details on held for sale and discontinued operations.