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SHARE-BASED EXPENSE (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangements [Abstract]  
Changes in stock options issued
As at December 31, 2025
As at December 31, 2024
Opening balance$8,492 $2,419 
Charge for the year
30,727 9,026 
Share-based payments settled in the year
(8,305)(2,953)
Closing balance$30,914 $8,492 
Changes in the number of other long-term incentive plans outstanding
Stock option units ("Stock options')Restricted share units ("RSU")Deferred share units ("DSU")Performance share units ("PSU")
Outstanding units, January 1, 2024— 1,496,213 — — 
Granted199,998 16,126 39,817 — 
Forfeited— (9,989)— — 
Settled— (327,476)— — 
Closing balance, December 31, 2024199,998 1,174,874 39,817 — 
Granted2,154,500 2,891,940 138,186 3,427,156 
Settled— (749,346)— — 
Closing balance, December 31, 20252,354,498 3,317,468 178,003 3,427,156 
Schedule of share-based payment arrangements
DateRSUs grantedRSUs outstandingGrant priceVesting conditions and other matters
September 7, 20231,191,211 1,141,265 
$13.35
67,425 units vesting in equal tranches over three years and 1,123,786 units vesting on third anniversary.
November 9, 2023305,000 — 
$8.94 (CAD$12.33)
Vesting in equal tranches over three years. Accelerated. (1)
August 8, 202416,125 10,750 
$6.20 (CAD$8.50)
Vesting in equal tranches over three years.
January 21, 2025816,943 782,125 
$7.10 (CAD$10.17)
Vesting 50% on first anniversary, 25% tranches vesting each on second and third anniversaries.
April 13, 20252,075,000 1,383,328 
$12.01 (CAD$16.68)
Vesting in equal tranches on November 24, 2025, February 24, 2026 and May 26, 2026
Total4,404,279 3,317,468 
(1)On September 9, 2024, the Board approved the immediate vesting of these RSUs and corresponding shares issuance. Out of the total charge for the period noted above, the Company capitalized the total accelerated expense of this RSU grant to the Kurmuk project, for $2.7 million.
DateDSUs granted and outstandingGrant date price
April 16, 20246,768 
$8.70 (CAD$11.79)
May 21, 202411,011 
$6.72 (CAD$9.15)
August 15, 202410,805 
$6.84 (CAD$9.39)
November 14, 202411,232 
$6.60 (CAD$9.21)
April 2, 20259,812 
$10.37 (CAD$14.85)
May 14, 202514,277 
$11.66 (CAD$16.29)
August 13, 202513,964 
$11.92 (CAD$16.39)
November 12, 202510,134 
$16.48 (CAD$23.10)
December 16, 202590,000 
$22.59 (CAD$31.11)
Total178,003