v3.26.1
SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2026
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
Completed divestiture of ownership in the Hod Maden project
On July 17, 2026, the Company completed the sale of its 20% ownership interest in Artmin, as described in Note 3. Upon closing, the Company derecognized its equity method investment and shareholder loan, which were classified as Assets held for sale as of June 30, 2026, and established an uncapped 4.0% net smelter return royalty on 100% of the Project. The financial effects of the transaction will be reflected in the Company’s Condensed Consolidated Financial Statements for the three and nine months ending September 30, 2026.
Credit Agreement
On July 31, 2026, the Company entered into an amendment of its existing revolving credit facility. The amendment, among other things, (i) extends the maturity date to July 31, 2030, (ii) increases the revolving credit facility to $600.0 million, (iii) bears interest at SOFR plus an applicable margin ranging from 1.75% to 2.50%, and (iv) revises certain financial covenants.