| Exploration and Evaluation Expenses |
9.Exploration and Evaluation Expenses The detail of exploration and evaluation expenses is as follows: | | | | | | | | | | | | | | | Three months ended | | Six months ended | | | June 30, | | June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | Environmental studies | | $ | 470 | | $ | 1,826 | | $ | 740 | | $ | 3,096 | Exploration labor (1) | | | 2,963 | | | 2,601 | | | 5,810 | | | 5,188 | Share-based compensation (Note 13) | | | 6,329 | | | 3,325 | | | 11,859 | | | 5,253 | Mining, technological and process development (2) | | | 42,772 | | | 1,553 | | | 44,084 | | | 4,503 | Prefeasibility studies | | | 2,535 | | | 462 | | | 4,413 | | | 503 | Sponsorship, training and stakeholder engagement | | | 780 | | | 606 | | | 1,979 | | | 1,239 | Other | | | 239 | | | 123 | | | 460 | | | 229 | | | $ | 56,088 | | $ | 10,496 | | $ | 69,345 | | $ | 20,011 |
(1)Reflects underlying project-related work performed by the Company’s personnel. | (2) | Three months ended June 30, 2026, includes a charge payable to Allseas of $32.8 million to record the Deferred Costs incurred before March 30, 2026 and $4.4 million of additional negotiated costs as part of the Agreement signed May 11, 2026 (Note 6). |
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