Note 19 - Related Party Transactions |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | 19. Related Party Transactions The Company has identified its relationship with Peak Gold JV as a related party. During the six months ended June 30, 2026 and the year ended December 31, 2025, the Company did not make contributions to the Peak Gold JV but did receive distributions from it. See Note 5 - Investment in the Peak Gold JV. Additionally, the Company purchased gold from Peak Gold JV. See Note 14 - Derivatives and Hedging Activities. As of June 30, 2026, the Company owes Peak Gold JV $4.7 million related to these purchases. These amounts are non-interest bearing with standard payment terms. For further details on transactions with Peak Gold JV, refer to Notes 1 - Organization and Business, 3 - Liquidity, 11 - Commitments and Contingencies, 14 - Derivatives and Hedging Activities, and 18 - Segments. The Company holds an investment in marketable securities, consisting of approximately 5% of the outstanding shares of Onyx. The Company and Onyx share one director. As of June 30, 2026, a total of 3,250,000 shares are freely tradable with a remaining 750,000 subject to escrow restrictions and are scheduled to be released in July 2026. In addition, the Company entered into lock-up agreements with Onyx, whereby the Company requires Onyx's approval if they wish to sell prior to the expiry date of July 2026. As of the date of this report, the restrictions have been lifted. For further details, refer to Note 15 - Fair Value Measurement. The Company uses the specific identification method when calculating realized gains or losses. The Company recorded realized gains of $nil for the three and six months ended June 30, 2026 and 2025, respectively. These gains are included in the Gain / (Loss) on Marketable Securities line item in the unaudited condensed consolidated statements of operations. |