Segment Disclosure (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure of operating segments [abstract]


Year ended December 31, 2023	Caraíba (Brazil)		Xavantina (Brazil)		Tucumã (Brazil)		Corporate and Other		Consolidated

Revenue	$	320,603	$	106,877	$	—	$	—	$	427,480

Cost of production	(153,187)		(25,209)		—		—		(178,396)
Depreciation and depletion	(62,032)		(19,489)		—		—		(81,521)
Sales expense	(8,953)		(1,765)		—		—		(10,718)
Cost of sales	(224,172)		(46,463)		—		—		(270,635)

Gross profit	96,431		60,414		—		—		156,845

Expenses
General and administrative	(31,128)		(6,550)		—		(14,751)		(52,429)
Share-based compensation	—		—		—		(9,218)		(9,218)
Finance income	5,543		630		—		6,292		12,465
Finance expenses	(10,143)		(4,431)		—		(11,248)		(25,822)
Foreign exchange gain (loss)	34,737		—		—		(125)		34,612

Other (expenses) income	(4,147)		111		—		(66)		(4,102)
Income (loss) before taxes	91,293		50,174		—		(29,116)		112,351
Current tax expense	(1,796)		(7,446)		—		(6,750)		(15,992)
Deferred tax (expense) recovery	(2,618)		563		—		—		(2,055)
Net income (loss)	$	86,879	$	43,291	$	—	$	(35,866)	$	94,304

Capital expenditures(1)	249,166		27,567		205,506		7,262		489,501

Assets
Current	$	79,463	$	23,736	$	2,016	$	94,272	199,487
Non-current	883,712		96,140		315,144		17,205		1,312,201
Total Assets	$	963,175	$	119,876	$	317,160	$	111,477	$	1,511,688
Total Liabilities	$	138,497	$	101,095	$	30,943	$	431,822	702,357

(1) Capital expenditures include additions to mineral properties, plant and equipment and additions to exploration and evaluation asset, net of non-cash additions such as change in estimates to mine closure costs, capitalized depreciation expense, capitalized borrowing costs, and additions of right-of-use assets.

During the year ended December 31, 2023, Caraíba earned revenues from four customers (December 31, 2022 - four) while Xavantina earned revenues from two customers (December 31, 2022 - two).


Year ended December 31, 2022	Caraíba (Brazil)		Xavantina (Brazil)		Tucumã (Brazil)		Corporate and Other		Consolidated

Revenue	$	351,405	$	74,987	$	—	$	—	$	426,392

Cost of production	(146,292)		(24,768)		—		—		(171,060)
Depreciation and depletion	(47,051)		(11,605)		—		—		(58,656)
Sales expenses	(8,941)		(560)		—		—		(9,501)
Cost of sales	(202,284)		(36,933)		—		—		(239,217)

Gross profit	149,121		38,054		—		—		187,175

Expenses
General and administrative	(28,123)		(4,062)		—		(17,274)		(49,459)
Share-based compensation	—		—		—		(7,931)		(7,931)
Finance income	4,310		1,451		—		4,534		10,295
Finance expenses	(9,044)		(4,244)		—		(19,935)		(33,223)
Foreign exchange gain (loss)	19,812		232		—		(134)		19,910

Other expenses	(75)		(292)		—		(17)		(384)
Income (loss) before taxes	136,001		31,139		—		(40,757)		126,383
Current tax expense	(8,463)		(2,413)		—		(4,167)		(15,043)
Deferred tax (expense) recovery	(8,378)		105		—		—		(8,273)
Net income (loss)	$	119,160	$	28,831	$	—	$	(44,924)	$	103,067

Capital expenditures	209,143		30,773		59,428		7,155		306,499

Assets
Current	$	114,374	$	50,447	$	144	$	227,462	392,427
Non-current	621,005		74,874		90,971		8,799		795,649
Total Assets	$	735,379	$	125,321	$	91,115	$	236,261	$	1,188,076
Total Liabilities	$	98,904	$	106,266	$	9,595	$	431,146	645,911