v3.26.1
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Sales $ 411,433 $ 205,334 $ 1,103,902 $ 720,246 $ 542,549
Costs applicable to sales 124,410 [1] 106,837 [1] 467,313 419,976 331,042
Costs applicable to sales - temporarily suspended operations [2]     0 1,583 20,489
Depreciation, depletion and amortization 33,768 29,816 126,784 115,503 89,747
General and administrative 15,753 11,999 57,626 45,405 40,638
Exploration and pre-development 4,616 4,313 27,352 25,458 26,827
Provision for closed operations and environmental matters 1,297 790 7,867 6,843 7,575
Write-down of property, plant and equipment     0 14,574 0
Other operating expense (income), net 5,236 868 6,546 (47,204) (4,461)
Care and maintenance costs 3,246 3,306 14,005 14,346 18,683
Total costs and expenses 188,326 157,929 707,493 596,484 530,540
Income from operations 223,107 47,405 396,409 123,762 12,009
Other expense:          
Fair value adjustments, net (5,945) 3,388 8,332 3,541 1,735
Foreign exchange (loss) gain, net 498 (367) (6,019) 8,063 (4,145)
Other (expense) income, net 3,549 942 (930) 4,169 5,465
Interest expense (5,656) (11,392) (40,991) (49,331) (43,065)
Total other expense: (7,554) (7,429) (39,608) (33,558) (40,010)
Income (loss) before income and mining taxes 215,553 39,976 356,801 90,204 (28,001)
Income and mining tax provision (50,900) (14,304) (98,742) (39,969) (12,246)
Net income from continuing operations 164,653 25,672 258,059 50,235 (40,247)
Income (loss) from discontinued operations, net of income and mining taxes (183,681) 3,200 63,653 (14,433) (43,970)
Net income (19,028) 28,872 321,712 35,802 (84,217)
Preferred stock dividends (132) (138) (552) (552) (552)
Net income (loss) applicable to common stockholders (19,160) 28,734 321,160 35,250 (84,769)
Comprehensive income (loss):          
Net Income (Loss) (19,028) 28,872 321,712 35,802 (84,217)
Unrealized (loss) gain and amortization of prior service on pension plans     11,421 (8,389) (1,157)
Unrealized (loss) gain on derivative contracts designated as hedge transactions     (4,489) (7,714) 4,546
Total change in accumulated other comprehensive income (loss), net (2,157) 2,434 6,932 (16,103) 3,389
Net income from continuing operations 164,653 25,672 258,059 50,235 (40,247)
Change in fair value of derivative contracts designated as hedge transactions and other (2,157) 2,434      
Comprehensive income from continuing operations 162,496 28,106 264,991 34,132 (36,858)
Comprehensive income (loss) from discontinued operations (183,681) 3,200 63,653 (14,433) (43,970)
Comprehensive income (loss) $ (21,185) $ 31,306 $ 328,644 $ 19,699 $ (80,828)
Basic:          
Continuing operations $ 0.25 $ 0.04 $ 0.39 $ 0.08 $ (0.07)
Discontinued operations (0.28) 0.01 0.1 (0.02) (0.07)
Diluted:          
Continuing operations 0.24 0.04 0.39 0.08 (0.07)
Discontinued operations (0.27) 0.01 0.1 (0.02) (0.07)
Basic net income (loss) per common share after preferred dividends (0.03) 0.05 0.49 0.06 (0.14)
Diluted net income (loss) per common share after preferred dividends $ (0.03) $ 0.05 $ 0.49 $ 0.06 $ (0.14)
Weighted average number of common shares outstanding - basic 670,392 632,047 651,965 620,848 605,668
Weighted average number of common shares outstanding - diluted 675,154 634,708 655,768 622,535 605,668
[1] Excludes depreciation, depletion and amortization

The accompanying notes are an integral part of the interim condensed consolidated financial statements.

[2] Excludes depreciation, depletion and amortization