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Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Financial information relating to the reporting segments
Financial information relating to the Company’s segments is as follows (in thousands):
Year Ended December 31, 2025Las ChispasPalmarejoRochesterKensingtonWharfSilvertip OtherTotal
Revenue
Gold sales$203,234 $218,064 $210,680 $377,693 $334,058 $— $— $1,343,729 
Silver sales218,197 255,700 247,362 17 5,121 — — 726,397 
Metal sales421,431 473,764 458,042 377,710 339,179 — — 2,070,126 
Costs and Expenses
Costs applicable to sales(1)
201,684 191,657 209,114 179,054 116,928 — — 898,437 
Amortization94,213 37,015 69,283 39,295 6,558 3,903 832 251,099 
Exploration10,421 18,527 8,566 7,776 7,416 31,165 2,721 86,592 
Other operating expenses(2)
2,162 7,691 12,155 7,930 5,692 12,338 79,017 126,985 
Costs and expenses308,480 254,890 299,118 234,055 136,594 47,406 82,570 1,363,113 
Income (loss) from operations112,951 218,874 158,924 143,655 202,585 (47,406)(82,570)707,013 
Other income (expense)
Loss on debt extinguishment— — (106)(7)— — — (113)
Fair value adjustments, net— — (342)— — — (342)
Interest expense, net(131)(315)(9,480)(361)(158)— (20,497)(30,942)
Other, net(3)
12,224 (5,615)(446)(459)(178)(83)1,479 6,922 
Income (loss) before income and mining taxes125,044 212,944 148,550 142,828 202,249 (47,489)(101,588)682,538 
Income and mining tax (expense) benefit(78,183)(103,526)(9,004)(1,687)(19,098)— 114,832 (96,666)
Net Income (loss) $46,861 $109,418 $139,546 $141,141 $183,151 $(47,489)$13,244 $585,872 
Segment assets(4)
$1,661,565 $311,672 $1,280,017 $263,614 $121,986 $220,285 $69,766 $3,928,905 
Capital expenditures$38,149 $25,534 $65,750 $65,635 $17,802 $7,112 $1,180 $221,162 
(1) Excludes amortization.
(2) Other operating expenses include General and administrative and Pre-development, reclamation, and other.
(3) See Note 15 -- Additional Comprehensive Income (Loss) Detail for additional detail.
(4) Segment assets include receivables, prepaids, inventories, property, plant and equipment, mineral interests, and goodwill.
Year Ended December 31, 2024PalmarejoRochesterKensingtonWharfSilvertipOtherTotal
Revenue
Gold sales$190,520 $91,541 $225,200 $227,600 $— $— $734,861 
Silver sales188,540 124,271 (71)6,405 — — 319,145 
Metal sales379,060 215,812 225,129 234,005 — — 1,054,006 
Costs and Expenses
Costs applicable to sales(1)
195,458 154,611 157,757 98,366 — — 606,192 
Amortization44,979 41,293 28,201 6,487 3,235 779 124,974 
Exploration13,230 5,070 5,494 6,192 27,332 2,340 59,658 
Other operating expenses(2)
8,665 12,963 9,753 4,519 9,923 53,177 99,000 
Costs and expenses262,332 213,937 201,205 115,564 40,490 56,296 889,824 
Income (loss) from operations116,728 1,875 23,924 118,441 (40,490)(56,296)164,182 
Other income (expense)
Gain on debt extinguishment— — — — — 417 417 
Fair value adjustments, net— — — — — — — 
Interest expense, net324 (5,081)(1,681)(544)(11)(44,283)(51,276)
Other, net(3)
7,074 (363)(312)(509)(43)7,180 13,027 
Income (loss) before income and mining taxes124,126 (3,569)21,931 117,388 (40,544)(92,982)126,350 
Income and mining tax (expense) benefit(45,765)(1,778)(576)(10,679)— (8,652)(67,450)
Net Income (loss)$78,361 $(5,347)$21,355 $106,709 $(40,544)$(101,634)$58,900 
Segment assets(4)
$316,232 $1,227,745 $223,525 $119,407 $219,613 $55,359 $2,161,881 
Capital expenditures$30,621 $72,676 $68,656 $7,175 $3,597 $463 $183,188 
(1) Excludes amortization.
(2) Other operating expenses include General and administrative and Pre-development, reclamation, and other.
(3) See Note 15 -- Additional Comprehensive Income (Loss) Detail for additional detail.
(4) Segment assets include receivables, prepaids, inventories, property, plant and equipment, mineral interests, and goodwill.

Year Ended December 31, 2023PalmarejoRochesterKensingtonWharfSilvertipOtherTotal
Revenue
Gold sales$155,036 $75,571 $162,010 $183,060 $— $— $575,677 
Silver sales158,171 80,451 468 6,439 — — 245,529 
Metal sales313,207 156,022 162,478 189,499 — — 821,206 
Costs and Expenses
Costs applicable to sales(1)
194,309 171,271 152,659 114,657 — — 632,896 
Amortization35,709 26,392 25,905 6,694 4,018 1,104 99,822 
Exploration7,840 1,221 7,900 — 12,251 1,750 30,962 
Other operating expenses(2)
8,064 26,005 3,440 4,157 17,104 37,471 96,241 
Costs and expenses245,922 224,889 189,904 125,508 33,373 40,325 859,921 
Income (loss) from operations67,285 (68,867)(27,426)63,991 (33,373)(40,325)(38,715)
Other income (expense)
Gain on debt extinguishment— — — — — 3,437 3,437 
Fair value adjustments, net— — — — — 3,384 3,384 
Interest expense, net844 (1,603)(1,744)(329)(63)(26,204)(29,099)
Other, net(3)
4,590 (293)(311)(396)(129)(10,924)(7,463)
Income (loss) before income and mining taxes72,719 (70,763)(29,481)63,266 (33,565)(70,632)(68,456)
Income and mining tax (expense) benefit(26,016)(816)— (7,047)— (1,277)(35,156)
Net Income (loss)$46,703 $(71,579)$(29,481)$56,219 $(33,565)$(71,909)$(103,612)
Segment assets(4)
$312,879 $1,081,442 $171,602 $102,245 $215,545 $59,324 $1,943,037 
Capital expenditures$41,766 $263,401 $53,316 $2,472 $2,867 $795 $364,617 
(1) Excludes amortization.
(2) Other operating expenses include General and administrative and Pre-development, reclamation, and other.
(3) See Note 15 -- Additional Comprehensive Income (Loss) Detail for additional detail.
(4) Segment assets include receivables, prepaids, inventories, property, plant and equipment, mineral interests, and goodwill.
Consolidated Assets
Assets December 31, 2025December 31, 2024
Total assets for reportable segments$3,928,905 $2,161,881 
Cash and cash equivalents553,597 55,087 
Other assets213,180 84,779 
Total consolidated assets$4,695,682 $2,301,747 
Long Lived Assets by Country
Geographic Information
Long-Lived Assets December 31, 2025December 31, 2024
United States$1,315,939 $1,312,976 
Mexico1,815,259 267,144 
Canada239,265 237,263 
Other233 233 
Total$3,370,696 $1,817,616 
Revenue from External Customers by Geographic Areas
RevenueYear ended December 31,
202520242023
United States$1,174,931 $674,946 $507,999 
Mexico895,195 379,060 313,207 
Total$2,070,126 $1,054,006 $821,206 
Schedule of Revenue by Major Customers by Reporting Segments
The following table indicates customers that represent 10% or more of total sales of metal for at least one of the years ended December 31, 2025, 2024, and 2023 (in millions):
Year ended December 31,
Customer2025202402023Segments reporting revenue
Bank of Montreal$1,198.1 $445.6 $367.2 Las Chispas, Palmarejo, Rochester, Wharf
Ocean Partners$464.5 $484.5 $346.2 Palmarejo, Rochester, Kensington, Wharf
Asahi$360.2 $104.9 $63.7 Las Chispas, Palmarejo, Rochester, Kensington, Wharf