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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current    
Cash and cash equivalents $ 380,424 $ 336,971
Receivables, prepaids and other (Note 6) 58,293 41,059
Value-added and other tax receivables 63,732 46,173
Inventories (Note 7) 627,225 477,586
Current assets 1,129,674 901,789
Long-term investments (Note 8) 286,066 76,717
Long-term value-added tax receivables 276,035 244,147
Mining interests (Note 9) 3,760,337 3,291,435
Investment in associates (Note 10) 98,183 91,417
Long-term inventories (Note 7) 177,595 134,529
Other assets (Note 11) 74,986 73,964
Deferred income taxes (Note 21) 76,440 0
Total assets 5,879,316 4,813,998
Current    
Accounts payable and accrued liabilities 174,802 156,352
Current income and other taxes payable 267,073 103,557
Current portion of prepaid gold sales (Note 19) 285,458 272,781
Current portion of long-term debt (Note 12) 33,870 16,419
Current portion of derivative instruments (Note 17) 237,308 1,606
Current portion of gold stream obligation (Note 18) 24,500 6,900
Current portion of mine restoration provisions (Note 13) 18,114 7,170
Other current liabilities 20,131 15,902
Total current liabilities 1,061,256 580,687
Prepaid gold sales (Note 19) 0 265,329
Long-term debt (Note 12) 564,440 421,464
Gold stream obligation (Note 18) 258,231 159,525
Mine restoration provisions (Note 13) 151,293 140,541
Deferred income taxes (Note 21) 151,343 169,738
Employee benefits obligation 25,103 18,410
Other long-term liabilities 26,134 22,607
Total liabilities 2,237,800 1,778,301
Shareholders’ equity    
Share capital (Note 14) 3,607,005 3,510,271
Contributed surplus 151,218 91,184
Accumulated other comprehensive income (loss) 55,955 (102,771)
Retained deficit (220,613) (515,619)
Equity attributable to owners of parent 3,593,565 2,983,065
Non-controlling interests (Note 15) 47,951 52,632
Total equity 3,641,516 3,035,697
Total equity and liabilities 5,879,316 4,813,998
Commitments (Note 26)