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FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value
The following table presents financial instruments measured at fair value on a recurring basis within the fair value hierarchy for level 1 and 2 financial instruments:
December 31, 2025December 31, 2024
Level
Carrying amountFair valueCarrying amountFair value
 Warrant liability - brokered placement
1$18,052 $18,052 $3,875 $3,875 
Warrant liability - other
2
$6,065 $6,065 $748 $748 
Share based payments2$6,959 $6,959 $790 $790 
Schedule of Fair value Measurements using Significant Unobservable Inputs
The following table presents the changes in level 3 items:
Convertible Loans
Orion conversion and change of control rightsSprott conversion and change of control rightsSilver Purchase Agreement - silver price derivativeGold Prepay - gold price derivativeContingent consideration
Balance as at January 1, 2024$(9,028)$(1,459)$1,898 $(1,676)$(4,898)
Repayment— — — — 5,000 
Fair value adjustments8,692 1,426 (9,897)(7,989)(102)
Balance as at December 31, 2024$(336)$(33)$(7,999)$(9,665)$— 
Fair value adjustments(1,022)33 (12,381)387 — 
Balance as at December 31, 2025$(1,358)$ $(20,380)$(9,278)$ 

The Company's derivative instruments are described in the level 1, 2 and 3 tables in this note.
Schedule of Fair value Measurements using Significant Unobservable Inputs
The following table presents the changes in level 3 items:
Convertible Loans
Orion conversion and change of control rightsSprott conversion and change of control rightsSilver Purchase Agreement - silver price derivativeGold Prepay - gold price derivativeContingent consideration
Balance as at January 1, 2024$(9,028)$(1,459)$1,898 $(1,676)$(4,898)
Repayment— — — — 5,000 
Fair value adjustments8,692 1,426 (9,897)(7,989)(102)
Balance as at December 31, 2024$(336)$(33)$(7,999)$(9,665)$— 
Fair value adjustments(1,022)33 (12,381)387 — 
Balance as at December 31, 2025$(1,358)$ $(20,380)$(9,278)$ 

The Company's derivative instruments are described in the level 1, 2 and 3 tables in this note.