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Consolidated Statements of Loss and Comprehensive Loss - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenue      
Revenue $ 15,610 $ 10,103 $ 3,048
Cost of sales      
Cost of sales excluding depletion (1,020) (268)  
Depletion (2,658) (3,204) (943)
Gross profit 11,932 6,631 2,105
Other operating income (expenses)      
General and administrative costs (7,406) (8,256) (7,595)
Project evaluation costs (78) (47) (479)
Share of (loss) gain in associate (80) (64) 172
Dilution (loss) gain in associate (73) 9 12
Share-based compensation (2,754) (2,338) (2,806)
Impairments of royalties     (22,379)
Operating profit (loss) for the year 1,541 (4,065) (30,970)
Other items      
Change in fair value of derivative liabilities     242
Change in fair value of gold-linked loan 1,685 1,681 172
Change in fair value of short-term investments 548 38 (264)
Change in fair value of embedded derivative 483 612 30
Foreign exchange gain/(loss) 34 (14) (132)
Finance costs (8,266) (8,043) (1,839)
Partial make-whole payment for redemption of convertible debentures 4,222    
(Loss) gain on loan modification (240) 310 (249)
Other income 4,102 96 121
Net loss before income taxes for the year (4,335) (9,385) (32,889)
Current tax expense (323) (506) (50)
Deferred tax recovery 528 6,480 6,183
Net loss after income taxes for the year (4,130) (3,411) (26,756)
Item that may be reclassified subsequently to net income:      
Foreign currency translation differences 141 (328) 38
Reclassification of cumulative foreign currency translation differences to net income 137    
Total comprehensive loss for the year $ (3,852) $ (3,739) $ (26,718)
Net loss per share, basic $ (0.02) $ (0.02) $ (0.18)
Net loss per share, diluted $ (0.02) $ (0.02) $ (0.18)
Weighted average number of common shares outstanding, basic and diluted 174,986,972 159,516,299 144,729,662