v3.26.3
Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
OPERATING ACTIVITIES    
Net income $ 32,915 $ 16,183
Adjustments for non-cash items:    
Deferred income tax expense (recovery) (1,642) 1,464
Depreciation and depletion 6,516 2,736
Accretion of reclamation provision 204 156
Loss (gain) on investments 662 (2,746)
Unrealized loss (gain) on derivatives 1,837 (2,000)
Unrealized loss (gain) on foreign exchange (4,901) 1,369
Write down of equipment and materials 49 413
Other expenses 0 425
Finance costs on deferred consideration payable 425 64
Share-based payments 3,177 2,847
Total adjustments for non cash items 39,242 20,911
Net change in non-cash working capital items 350 (3,474)
Cash provided by operating activities 39,592 17,437
FINANCING ACTIVITIES    
Shares issued for cash, net of issuance costs 24,738 35,936
Proceeds from option exercises and RSU vesting, net 3,086 1,318
Deferred consideration payment (8,750) 0
Shares repurchased and cancelled (4,629) 0
Lease liability payments (2,594) (1,608)
Equipment loan payments (413) (240)
Cash provided by financing activities 11,438 35,406
INVESTING ACTIVITIES    
Proceeds from sale of long-term investments 386 0
Exploration and evaluation expenditures (170) (568)
Additions to plant, equipment and mining properties (14,723) (22,258)
Cash used in investing activities (14,507) (22,826)
Change in cash 36,523 30,017
Effect of exchange rate changes on cash 0 (3)
Cash, beginning of period 101,724 27,317
Cash, ending of period $ 138,247 $ 57,331