v3.26.3
FINANCIAL INSTRUMENTS (Tables)
9 Months Ended
Sep. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value
The following table presents the financial instruments measured at fair value on a recurring basis within the fair value hierarchy for Level 1 and Level 2 financial instruments:
September 30, 2026December 31, 2025
Level
Carrying amountFair valueCarrying amountFair value
 Warrant liability - brokered placement
1$20,876 $20,876 $18,052 $18,052 
Warrant liability - other
2
$6,351 $6,351 $6,065 $6,065 
Schedule of Fair value Measurements using Significant Unobservable Inputs
The following table presents a summary of changes in the fair value of the Company's recurring Level 3 financial instruments:
NSR RoyaltySilver Purchase Agreement - derivative2026 Gold Prepay - derivativeOrion Gold Prepay - derivativeOrion conversion and change of control rights
Balance as at January 1, 2025$— $(7,999)$— $(9,665)$(336)
(Loss) gain recognized in net income— (12,381)— 387 (1,022)
Balance as at December 31, 2025$— $(20,380)$— $(9,278)$(1,358)
Initial recognition(225,000)— — — — 
Repayment1,058 — — — — 
(Loss) gain recognized in net income(22,950)(33,761)25,731 9,278 1,358 
Balance as at September 30, 2026$(246,892)$(54,141)$25,731 $— $— 
Schedule of Fair value Measurements using Significant Unobservable Inputs
The following table presents a summary of changes in the fair value of the Company's recurring Level 3 financial instruments:
NSR RoyaltySilver Purchase Agreement - derivative2026 Gold Prepay - derivativeOrion Gold Prepay - derivativeOrion conversion and change of control rights
Balance as at January 1, 2025$— $(7,999)$— $(9,665)$(336)
(Loss) gain recognized in net income— (12,381)— 387 (1,022)
Balance as at December 31, 2025$— $(20,380)$— $(9,278)$(1,358)
Initial recognition(225,000)— — — — 
Repayment1,058 — — — — 
(Loss) gain recognized in net income(22,950)(33,761)25,731 9,278 1,358 
Balance as at September 30, 2026$(246,892)$(54,141)$25,731 $— $—