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Note 8 - Investment in Juanicipio - Investment Relating to Interests in Juancipio Property and Minera Juancipio (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Statement Line Items [Line Items]    
Balance $ 394,622 $ 338,316
Juanicipio oversight expenditures incurred 100% by MAG 0 384
Amortization of Juanicipio's oversight expenditures incurred 100% by MAG (526) (305)
Cash contributions and advances to Juanicipio (1) [1] 0 24,992
Loan repayments from Juanicipio (2) [2] (92,361) (25,714)
Dividends received from Juanicipio (3) [3] (26,400) 0
Total for the year (119,286) (642)
Income from equity accounted Investment in Juanicipio 92,875 65,099
Interest earned, reclassified to accounts receivable (4) [4] (4,197) (8,150)
Balance $ 364,014 $ 394,622
[1] During the year ended December 31, 2024, no cash contributions and advances were made to Juanicipio (year ended December 31, 2023: $24,992 cash contributions and advances, with $22,726 in the form of loans and $2,276 in the form of equity).
[2] During the year ended December 31, 2024, no loans to Juanicipio were converted into equity (year ended December 31, 2023: $7,251). As at December 31, 2024, the Company has advanced, net of aggregate repayments, $2,053 as shareholder loans to Juanicipio ( December 31, 2023: $94,414).
[3] During the year ended December 31, 2024, an inaugural dividends payment amounting to $26,400 was received from Juanicipio (year ended December 31, 2023: nil).
[4] A portion of the Investment in Juanicipio is in the form of interest bearing shareholder loans. For the year ended December 31, 2024, the Company earned interest amounting to $4,197 (year ended December 31, 2023: $8,150) while $5,015 of interest payments were received from Juanicipio (year ended December 31, 2023: $7,639).