v3.26.1
Derivative Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair value of the derivative instruments
The following summarizes the classification of the fair value of the derivative instruments:
 March 31, 2026
In thousandsPrepaid expenses and otherAccrued liabilities and other
Provisional gold and copper sales contracts$1,751 $2,620 
Gold and copper swap contracts$2,667 $— 
 December 31, 2025
In thousandsPrepaid expenses and otherAccrued liabilities and other
Provisional metal sales contracts$1,103 $124 
Derivative instruments, future settlement
At March 31, 2026, the Company had the following derivative instruments that settle as follows:
In thousands except average prices and notional ounces20262027 and Thereafter
Provisional gold sales contracts$80,275 $— 
Average gold price per ounce$4,795 $— 
Notional ounces16,743 — 
Provisional copper sales contracts$59,992 — 
Average copper price per pound$5.58 — 
Notional pounds10,753 — 
Gold swap contracts$37,478 — 
Average gold price per ounce$4,964 — 
Notional ounces7,550 — 
Copper swap contracts$59,291 — 
Average copper price per pound$5.63 — 
Notional pounds10,527 — 
Gain losses on derivative instruments
The following represent mark-to-market gains (losses) on derivative instruments in the three months ended March 31, 2026 and 2025, respectively (in thousands):
 Three Months Ended March 31,
Financial statement lineDerivative20262025
RevenueProvisional metal sales gold contracts$(1,410)$207 
RevenueProvisional metal sales copper contracts897 $— 
RevenueGold swap contracts944 — 
RevenueCopper swap contracts165 — 
$596 $207