v3.26.1
INCOME TAX (Tables)
 6 Months Ended
Jun. 30, 2026
Notes and other explanatory information [abstract]  
SCHEDULE OF INCOME TAX EXPENSE

A summary of the Company’s income tax expense is as follows:

 

                 
   Three months ended June 30,   Six months ended June 30, 
   2026   2025   2026   2025 
   $   $   $   $ 
Current tax expense   32,266    4,692    50,133    12,734 
Deferred tax (recovery)   3,801    (3,628)   2,373    8,036 
Income tax expense   36,067    1,064    52,506    20,770 
SCHEDULE OF RECONCILIATION OF INCOME TAXES AT THE STATUTORY RATE

A summary of the Company’s reconciliation of income taxes at statutory rates for the three and six months ended June 30, 2026 and 2025, is as follows:

 

                 
   Three months ended June 30,   Six months ended June 30, 
   2026   2025   2026   2025 
   $   $   $   $ 
Income before income taxes   38,072    22,041    82,981    51,198 
Combined federal and provincial statutory income tax rates   27%   27%   27%   27%
Income tax expense at statutory rates   10,279    5,951    22,405    13,823 
                     
Permanent differences   7,368    5,943    5,716    (6,855)
Change due to differences in tax rates   5,117    4,435    8,865    15,169 
Inflation adjustment   (512)   (33)   (928)   (50)
Change due to foreign translation   10,595    (15,779)   12,493    (3,063)
Deferred tax assets not recognized   1,089    1,585    1,720    1,324 
Mexico mining royalty tax   1,026    48    2,924    235 
Tax effect of investment in subsidiaries   (262)   (1,509)   (517)   (236)
Impact of change in accounting estimate   807    325    (172)   325 
Others   560    98    -    98 
Income tax expense   36,067    1,064    52,506    20,770 
SCHEDULE OF DEFERRED TAX ASSETS

The significant components of the Company’s deferred tax assets are as follows:

 

  

June 30,

2026

   December 31,
2025		 
   $   $ 
Trade and other receivables   2,059    1,916 
Accounts payable   987    - 
Other liabilities   5,725    5,871 
Mineral properties, plant and equipment   -    12 
Decommissioning and restoration provision   2,510    2,671 
Non-capital losses   1,595    2,706 
Mining tax   2,162    616 
Other   374    187 
Deferred tax assets   15,412    13,979 
SCHEDULE OF DEFERRED TAX LIABILITIES

The significant components of the Company’s deferred tax liabilities are as follows:

 

         
  

June 30,

2026

   December 31,
2025		 
   $   $ 
Mineral properties, plant and equipment   (23,502)   (22,570)
Investment in subsidiaries   (1,237)   (1,916)
Inventories   (5,215)   (1,444)
Trade payables and accrued liabilities   -    (22)
COMIBOL initial investment period CAPEX receivable   (3,037)   (3,565)
Mining tax   (497)   - 
Other   (2,588)   (2,676)
Deferred tax liabilities   (36,076)   (32,193)
SCHEDULE OF RECONCILES DEFERRED TAX ASSETS AND LIABILITIES

The following table reconciles the deferred tax assets and liabilities to the Consolidated Statements of Financial Position:

 

         
  

June 30,

2026

   December 31,
2025		 
   $   $ 
Deferred tax assets   8,387    6,798 
Deferred tax liabilities   (29,051)   (25,012)
 Deferred tax (liability) Asset   (20,664)   (18,214)