Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair value of the derivative instruments

The following summarizes the classification of the fair value of the derivative instruments:

	June 30, 2026
In thousands	Prepaid expenses and other		Accrued liabilities and other
Provisional gold and copper sales contracts	$	317	$	3,322
Gold and copper swap contracts	$	3,711	$	570

	December 31, 2025
In thousands	Prepaid expenses and other		Accrued liabilities and other
Provisional metal sales contracts	$	1,103	$	124

Derivative instruments, future settlement

At June 30, 2026, the Company had the following derivative instruments that settle as follows:

In thousands except average prices and gold notional ounces	2026		2027 and Thereafter
Provisional gold sales contracts	$	68,029	—
Average gold price per ounce	$	4,244	—
Notional ounces	16,030		—
Provisional copper sales contracts	$	24,536	—
Average copper price per pound	$	6.07	—
Notional pounds	4,044		—
Gold swap contracts	$	23,895	—
Average gold price per ounce	$	4,779	—
Notional ounces	5,000		—
Copper swap contracts	$	26,183	—
Average copper price per pound	$	5.94	—
Notional pounds	4,044		—

Gain losses on derivative instruments

The following represent mark-to-market gains (losses) on derivative instruments in the three and six months ended June 30, 2026 and 2025, respectively (in thousands):

		Three Months Ended June 30,				Six Months Ended June 30,
Financial statement line	Derivative	2026		2025		2026		2025
Revenue	Provisional gold sales contracts	$	(2,648)	$	(122)	$	(4,058)	$	85
Revenue	Provisional copper sales contracts	5,944		—		6,842		—
Revenue	Gold swap contracts	8,267		—		9,211		—
Revenue	Copper swap contracts	(5,173)		—		(5,008)		—
		$	6,390	$	(122)	$	6,987	$	85