v3.26.1
FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value The following table presents financial instruments measured at fair value on a recurring basis within the fair value hierarchy for level 1 and 2 financial instruments:
June 30, 2026December 31, 2025
Level
Carrying amountFair valueCarrying amountFair value
 Warrant liability - brokered placement
1$13,487 $13,487 $18,052 $18,052 
Warrant liability - other
2
$5,461 $5,461 $6,065 $6,065 
Schedule of Fair value Measurements using Significant Unobservable Inputs
The following table presents the changes in level 3 financial instruments:
NSR RoyaltySilver Purchase Agreement - derivative2026 Gold Prepay - derivativeOrion Gold Prepay - derivativeOrion conversion and change of control rights
Balance as at January 1, 2025$— $(7,999)$— $(9,665)$(336)
Fair value adjustments— (12,381)— 387 (1,022)
Balance as at December 31, 2025$— $(20,380)$— $(9,278)$(1,358)
Initial recognition(225,000)— — — — 
Repayment628 — — — — 
Fair value adjustments (31,663)(37,289)29,893 9,278 1,358 
Balance as at June 30, 2026$(256,035)$(57,669)$29,893 $ $ 
Schedule of Fair value Measurements using Significant Unobservable Inputs
The following table presents the changes in level 3 financial instruments:
NSR RoyaltySilver Purchase Agreement - derivative2026 Gold Prepay - derivativeOrion Gold Prepay - derivativeOrion conversion and change of control rights
Balance as at January 1, 2025$— $(7,999)$— $(9,665)$(336)
Fair value adjustments— (12,381)— 387 (1,022)
Balance as at December 31, 2025$— $(20,380)$— $(9,278)$(1,358)
Initial recognition(225,000)— — — — 
Repayment628 — — — — 
Fair value adjustments (31,663)(37,289)29,893 9,278 1,358 
Balance as at June 30, 2026$(256,035)$(57,669)$29,893 $ $