| SUPPLEMENTAL CASH FLOW INFORMATION |
SUPPLEMENTAL CASH FLOW INFORMATION The following table summarizes the changes in operating assets and liabilities:
| | | | | | | | | | | | | | | | Three months ended
September 30, | Nine months ended
September 30, | | 2026 | 2025 | 2026 | 2025 | | Receivables | $ | (5,512) | | $ | 946 | | $ | (10,423) | | $ | (423) | | | | | | | | Prepaids and deposits | 1,053 | | 782 | | (134) | | (925) | | | Inventory | (6,489) | | (3,391) | | (12,279) | | (9,803) | | | Accounts payable and accrued liabilities | 10,126 | | 9,775 | | 935 | | 6,303 | | | Income taxes payable | (325) | | — | | 3,418 | | — | | | Accrued interest payable | 2,635 | | — | | (20,097) | | — | | | Deferred revenue | — | | (1,645) | | — | | 5,458 | | | Net change in operating assets and liabilities | $ | 1,488 | | $ | 6,467 | | $ | (38,580) | | $ | 610 | |
The following table summarizes non-cash items included in other expense:
| | | | | | | | | | | | | | | | Three months ended
September 30, | Nine months ended
September 30, | | 2026 | 2025 | 2026 | 2025 | | Gain (loss) on fair value measurement of Silver Purchase Agreement derivative | $ | 3,529 | | $ | 2,860 | | $ | (32,563) | | $ | (6,602) | | | (Loss) gain on fair value measurement of 2026 Gold Prepay derivative | (4,162) | | — | | 25,731 | | — | | | Gain (loss) on fair value measurement of NSR Royalty | 8,713 | | — | | (22,950) | | — | | | Loss on fair value measurement of Convertible Loans derivative | — | | (863) | | (3,463) | | (1,536) | | Loss on fair value measurement of Orion Gold Prepay derivative | — | | (4,209) | | (3,377) | | (14,883) | | | Loss on offtake liability | — | | $ | — | | (4,800) | | — | | | Loss on fair value measurement of warrant liability | (8,279) | | $ | (5,400) | | (3,110) | | (5,126) | | Other | (456) | | (1,226) | | (455) | | (1,191) | | Non-cash items included in other expense | $ | (655) | | $ | (8,838) | | $ | (44,987) | | $ | (29,338) | |
Other cash flow information:
| | | | | | | | | | | | | | | | Three months ended
September 30, | Nine months ended
September 30, | | 2026 | 2025 | 2026 | 2025 | Non-cash investing and financing activities: | | | | | | Capital expenditures, not yet paid | $ | 16,552 | | $ | 1,835 | | $ | 16,552 | | $ | 1,835 | | | Shares issued in relation to 2023 Convertible Debentures interest | $ | — | | $ | — | | $ | 13,384 | | $ | — | | | Shares issued in relation to Orion Convertible Loan repayment | $ | — | | $ | — | | $ | 5,250 | | $ | — | | | Shares issued in relation to Offtake settlement | $ | — | | $ | — | | $ | 4,800 | | $ | — | | Other cash flow information: | | | | | | Interest paid - Orion Convertible Loan | $ | — | | $ | — | | $ | 20,403 | | $ | — | | | Interest paid - 2023 Convertible Debentures | $ | — | | $ | — | | $ | 5,295 | | $ | — | |
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