v3.26.3
Plant, Equipment and Mining Properties
 9 Months Ended
Sep. 30, 2026
Plant, Equipment and Mining Properties  
Plant, Equipment and Mining Properties

9. Plant, Equipment and Mining Properties

 

 

 

Mining properties

 

 

Office equipment, furniture, and

fixtures

 

 

Computer equipment

 

 

Mine machinery

and

transportation equipment

 

 

Mill

machinery

and

processing

equipment

 

 

Buildings and construction

in

process

 

 

Total

 

Cost

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at January 1, 2025

 

$19,230

 

 

$1,191

 

 

$1,763

 

 

$16,331

 

 

$28,222

 

 

$14,982

 

 

$81,719

 

Additions / Transfers

 

 

4,436

 

 

 

55

 

 

 

200

 

 

 

8,973

 

 

 

4,425

 

 

 

842

 

 

 

18,931

 

Transfer from exploration and evaluation assets (Note 7)

 

 

35,005

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

35,005

 

Royalty buyback

 

 

21,787

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

21,787

 

Writedowns

 

 

-

 

 

 

(12)

 

 

(7)

 

 

(1,716)

 

 

(343)

 

 

-

 

 

 

(2,078)

Effect of movements in exchange rates

 

 

12

 

 

 

-

 

 

 

-

 

 

 

3

 

 

 

-

 

 

 

27

 

 

 

42

 

Balance at December 31, 2025

 

 

80,470

 

 

 

1,234

 

 

 

1,956

 

 

 

23,591

 

 

 

32,304

 

 

 

15,851

 

 

 

155,406

 

Additions

 

 

6,782

 

 

 

79

 

 

 

93

 

 

 

6,824

 

 

 

4,173

 

 

 

2,078

 

 

 

20,029

 

Writedowns

 

 

-

 

 

 

(2)

 

 

(7)

 

 

(96)

 

 

(72)

 

 

-

 

 

 

(177)

Effect of movements in exchange rates

 

 

(733)

 

 

-

 

 

 

-

 

 

 

47

 

 

 

-

 

 

 

(6)

 

 

(692)

Balance at September 30, 2026

 

 

86,519

 

 

 

1,311

 

 

 

2,042

 

 

 

30,366

 

 

 

36,405

 

 

 

17,923

 

 

 

174,566

 

Accumulated Depletion And Depreciation / Impairment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at January 1, 2025

 

 

9,899

 

 

 

643

 

 

 

1,000

 

 

 

5,297

 

 

 

7,849

 

 

 

3,230

 

 

 

27,918

 

Additions

 

 

503

 

 

 

148

 

 

 

410

 

 

 

1,523

 

 

 

774

 

 

 

329

 

 

 

3,687

 

Writedowns

 

 

-

 

 

 

(11)

 

 

(5)

 

 

(1,455)

 

 

(93)

 

 

-

 

 

 

(1,564)

Balance at December 31, 2025

 

 

10,402

 

 

 

780

 

 

 

1,405

 

 

 

5,365

 

 

 

8,530

 

 

 

3,559

 

 

 

30,041

 

Additions

 

 

618

 

 

 

116

 

 

 

298

 

 

 

781

 

 

 

4,410

 

 

 

320

 

 

 

6,543

 

Writedowns

 

 

-

 

 

 

(2)

 

 

(6)

 

 

(89)

 

 

(31)

 

 

-

 

 

 

(128)

Balance at September 30, 2026

 

 

11.020

 

 

 

894

 

 

 

1,697

 

 

 

6,057

 

 

 

12,909

 

 

 

3,879

 

 

 

36,456

 

Net Book Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At September 30, 2026

 

$75,499

 

 

$417

 

 

$345

 

 

$24,309

 

 

$23,496

 

 

$14,044

 

 

$138,110

 

At December 31, 2025

 

$70,068

 

 

$454

 

 

$551

 

 

$18,226

 

 

$23,774

 

 

$12,292

 

 

$125,365

 

 

Included in Buildings and construction in process above are assets under construction of $6,565 as at September 30, 2026 (December 31, 2025 - $5,019) on which no depreciation was charged in the periods then ended. Once the assets are available for use, they will be transferred to the appropriate class of plant, equipment and mining properties.

 

As of September 30, 2026, the Company recorded a write-down of $49 (December 31, 2025 - $514) against the carrying value of mine and mill machinery and transportation equipment due to damage and obsolescence.

 

As at September 30, 2026, plant, equipment and mining properties included a net carrying amount of $10,313 (December 31, 2025 - $9,162) for mining equipment and right of use assets under lease.

 

On August 25, 2025, the Company acquired all outstanding royalties and obligations held by Deterra Royalties Inc., on the La Preciosa property. Consideration for the transaction was $13.25 million upfront payment, followed by an $8.75 million payment deferred for one year. The consideration has been measured at fair value as of the transaction date and recorded as an addition to mineral properties. The present value of the deferred obligation payment was calculated using a discount interest rate of 7.47%.