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Segment information
 9 Months Ended
Sep. 30, 2026
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 Executive Chairman and 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).
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Exploration$6,626 $2,649 $20,723 $4,512 
Technical and projects474 289 1,689 1,083 
Mine maintenance454 345 1,338 1,125 
Processing maintenance658 489 2,020 1,589 
Site-level general and administrative(1)
4,026 2,762 13,996 8,721 
Segment expenses$12,238 $6,534 $39,766 $17,030 
(1)A portion of Mine site costs’ general and administrative expenses are allocated to Exploration and development costs for financial reporting.


The following table reconciles total Segment expenses to the amounts presented in the consolidated statements of operations:
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Exploration and development costs$8,331 $4,006 $26,537 $9,349 
Mine site costs3,907 2,528 13,229 7,681 
Segment expenses$12,238 $6,534 $39,766 $17,030