Segment information

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Segment information

Segment information

In accordance with FASB’s Accounting Standards Codification Topic 280, Segment Reporting, the Company has determined that it operates as a single reportable segment. Since the Company discontinued mining operations in November 2021 and has focused on exploration, the Company’s operations are limited and managed by one chief operating decision-maker (“CODM”). The CODM, who has been identified as the Company’s Chief Executive Officer, is responsible for all decisions regarding resource allocation and performance evaluation, which are made on a consolidated basis. Therefore, the Company has concluded that it has one operating and reportable segment. The CODM evaluates exploration and development costs and mine site costs (collectively, “Segment Expenses” utilizing the following expense groupings (in thousands).

	Year Ended December 31,
	2025		2024
Exploration	$	8,761	$	10,639
Technical and projects	1,499		1,846
Mine maintenance	1,603		1,827
Processing maintenance	2,281		1,796
Crofoot royalty settlement and sulphur rights	4,000		—
Site-level general and administrative(1)	11,363		13,304
Segment expenses	$	29,507	$	29,412

(1)A portion of mine site general and administrative expenses are allocated to exploration for financial reporting.

The following table reconciles total Segment expenses to the amounts presented in the consolidated statements of operations:

	Year Ended December 31,
	2025		2024
Exploration and development costs	$	14,856	$	19,526
Mine site costs	14,651		9,886
Segment expenses	$	29,507	$	29,412