| MINERAL PROPERTIES, PLANT AND EQUIPMENT |
| 7. | MINERAL
PROPERTIES, PLANT AND EQUIPMENT |
A
summary of the Company’s Mineral Properties, Plant and Equipment is as follows:
SCHEDULE
OF MINERAL PROPERTIES, PLANT AND EQUIPMENT
| | |
Depletable
mineral properties | | |
Exploration
and evaluation | | |
Plant
and equipment | | |
Total | |
| | |
$ | | |
$ | | |
$ | | |
$ | |
| Cost | |
| | | |
| | | |
| | | |
| | |
| Balance, December
31, 2024 | |
| 115,721 | | |
| 12,189 | | |
| 115,807 | | |
| 243,717 | |
| Additions | |
| 9,212 | | |
| - | | |
| 21,407 | | |
| 30,619 | |
| Change in decommissioning and restoration costs
(note 12) | |
| 3,006 | | |
| - | | |
| - | | |
| 3,006 | |
| Disposals | |
| (3,244 | ) | |
| - | | |
| (3,758 | ) | |
| (7,002 | ) |
| Adjustments | |
| 2,071 | | |
| - | | |
| 2,017 | | |
| 4,088 | |
| Balance, December 31,
2025 | |
| 126,766 | | |
| 12,189 | | |
| 135,473 | | |
| 274,428 | |
| Additions | |
| 5,726 | | |
| - | | |
| 10,645 | | |
| 16,371 | |
| Change in decommissioning and restoration costs
(note 12) | |
| (5,909 | ) | |
| - | | |
| - | | |
| (5,909 | ) |
| Disposals | |
| - | | |
| - | | |
| (2,608 | ) | |
| (2,608 | ) |
| Adjustments | |
| 2,638 | | |
| - | | |
| (1,552 | ) | |
| 1,086 | |
| Balance,
June 30, 2026 | |
| 129,221 | | |
| 12,189 | | |
| 141,958 | | |
| 283,368 | |
| | |
| | | |
| | | |
| | | |
| | |
| Accumulated depreciation
and impairment | |
| | | |
| | | |
| | | |
| | |
| Balance, December 31, 2024 | |
| 50,013 | | |
| - | | |
| 48,971 | | |
| 98,984 | |
| Depletion, depreciation and amortization | |
| 7,199 | | |
| - | | |
| 14,378 | | |
| 21,577 | |
| Disposals | |
| (3,245 | ) | |
| - | | |
| (3,446 | ) | |
| (6,691 | ) |
| Adjustments | |
| (513 | ) | |
| - | | |
| 513 | | |
| - | |
| Balance, December 31, 2025 | |
| 53,454 | | |
| - | | |
| 60,416 | | |
| 113,870 | |
| Depletion, depreciation and amortization | |
| 4,976 | | |
| - | | |
| 10,117 | | |
| 15,093 | |
| Disposals | |
| - | | |
| - | | |
| (2,526 | ) | |
| (2,526 | ) |
| Adjustments | |
| - | | |
| - | | |
| (160 | ) | |
| (160 | ) |
| Balance,
June 30, 2026 | |
| 58,430 | | |
| - | | |
| 67,847 | | |
| 126,277 | |
| | |
| | | |
| | | |
| | | |
| | |
| Cost as at December 31, 2025 | |
| 126,766 | | |
| 12,189 | | |
| 135,473 | | |
| 274,428 | |
| Accumulated depreciation
and impairment | |
| (53,454 | ) | |
| - | | |
| (60,416 | ) | |
| (113,870 | ) |
| Carrying
value - December 31, 2025 | |
| 73,312 | | |
| 12,189 | | |
| 75,057 | | |
| 160,558 | |
| | |
| | | |
| | | |
| | | |
| | |
| Cost as at June 30, 2026 | |
| 129,221 | | |
| 12,189 | | |
| 141,958 | | |
| 283,368 | |
| Accumulated depreciation
and impairment | |
| (58,430 | ) | |
| - | | |
| (67,847 | ) | |
| (126,277 | ) |
| Carrying
value – June 30, 2026 | |
| 70,791 | | |
| 12,189 | | |
| 74,111 | | |
| 157,091 | |
As
at June 30, 2026, the Company’s plant and equipment included right-of-use assets with a carrying amount of $38 for leased mining
equipment (December 31, 2025 - $2,926). Depreciation on the right of use assets for the three and six months ended June 30, 2026 was
$11 and $80 (2025 - $145 and $265, respectively).
A
summary of the Company’s Goodwill and allocation to each CGU is as follows:
SCHEDULE
OF GOODWILL
| | |
June
30, 2026 | | |
December
31,
2025 | |
| | |
$ | | |
$ | |
| Caballo Blanco Group (Tres Amigos
mine) | |
| 2,963 | | |
| 2,963 | |
| San Lucas Group | |
| 12,503 | | |
| 12,503 | |
| Goodwill | |
| 15,466 | | |
| 15,466 | |
SANTACRUZ
SILVER MINING LTD.
Notes
to the Condensed Interim Consolidated Financial Statements
Three
and Six Months ended June 30, 2026 and 2025
(Unaudited)
(Expressed
in thousands of US dollars, unless otherwise noted)
|