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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 13,475 $ 19,001
Receivables, net 2,334 3,273
Inventory 24,001 15,331
Prepaids and deposits 3,787 3,421
Current portion of other assets 1,278 1,278
Total current assets 44,875 42,304
Non-current assets    
Other assets 650 594
Restricted cash 40,948 40,289
Property, plant and equipment, net 572,495 572,442
Total non-current assets 614,093 613,325
Total assets 658,968 655,629
Current liabilities    
Accounts payable and accrued liabilities 25,003 26,420
Current portion of long-term debt 40,825 37,842
Current reclamation liabilities 1,154 906
Current portion of other liabilities 18,683 8,882
Total current liabilities 85,665 74,050
Non-current liabilities    
Deferred tax liabilities 16,401 16,401
Long-term debt 156,650 153,555
Reclamation liabilities 57,103 55,710
Non-current portion of other liabilities 25,191 15,249
Total non-current liabilities 255,345 240,915
Total liabilities 341,010 314,965
COMMITMENTS AND CONTINGENCIES
EQUITY    
Common shares, unlimited authorized shares with no par value, 443,358,810 and 409,786,956 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 624,998 606,505
Additional paid-in capital 18,983 18,977
Accumulated deficit (326,023) (284,818)
Total equity 317,958 340,664
Total liabilities and equity $ 658,968 $ 655,629