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Consolidated Balance Sheets - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Current assets          
Cash and cash equivalents $ 71,492   $ 71,492   $ 38,603
Marketable securities (Notes 4 and 16) 126,411   126,411   80,854
Trade and other receivables, no allowance for credit losses, as of June 30, 2025 and December 31, 2024 (Note 5) 7,791   7,791   37,763
Inventories (Note 6) 76,496   76,496   66,504
Prepaid expenses and other current assets 6,710   6,710   6,463
Total current assets 288,900   288,900   230,187
Mineral properties, net (Note 7) 293,832   293,832   278,330
Property, plant and equipment, net (Note 7) 57,259   57,259   55,187
Investments (Note 8) 22,020   22,020   15,890
Marketable securities (Notes 4 and 16) 7,993   7,993   0
Intellectual property, net (Note 3) 4,534   4,534   4,767
Restricted cash (Note 9) 20,352   20,352   20,002
Other assets 7,584   7,584   7,606
Total assets 702,474   702,474   611,969
Current liabilities          
Accounts payable and accrued liabilities (Note 14) 22,159   22,159   32,228
Asset retirement obligations (Note 9) 11,007   11,007   24,604
Contingent consideration (Notes 3 and 16) 1,709 $ 1,764 1,709 $ 1,764  
Other liabilities 796   796   693
Total current liabilities 35,671   35,671   59,289
Asset retirement obligations (Note 9) 20,858   20,858   19,513
Other liabilities 1,176   1,176   1,490
Total liabilities 57,705   57,705   80,292
Equity          
Share capital Common shares, without par value, unlimited shares authorized; shares issued and outstanding 229,424,632 and 198,666,994 as of June 30, 2025 and December 31, 2024, respectively 1,095,295   1,095,295   937,889
Accumulated deficit (452,132)   (452,132)   (404,023)
Accumulated other comprehensive loss (2,981)   (2,981)   (6,072)
Total shareholders' equity 640,182   640,182   527,794
Non-controlling interest 4,587   4,587   3,883
Total equity 644,769 382,736 644,769 382,736 531,677
Total liabilities and equity 702,474   702,474   611,969
Commitments and contingencies (Note 15)    
Depreciation $ 1,250 $ 620 $ 2,430 $ 1,290