ASSET RETIREMENT OBLIGATIONS

12 Months Ended

Dec. 31, 2025

ASSET RETIREMENT OBLIGATIONS

ASSET RETIREMENT OBLIGATIONS

NOTE 12 ASSET RETIREMENT OBLIGATIONS

The Company is responsible for the reclamation of certain past and future disturbances at its properties. As at December  31, 2025, the asset retirement obligation balances at the properties subject to these obligations were $20.8 million at the Gold Bar, Tonkin and Lookout Mountain properties in Nevada, $18.6 million at the Fox Complex and $6.4 million at the El Gallo mine in Mexico (December 31, 2024 – $22.4 million, $16.7 million and $7.0 million, respectively).

A reconciliation of the Company’s reclamation and remediation liabilities for the years ended December 31, 2025 and 2024, is as follows:

	December 31,			December 31,
	2025		2024
Reclamation and remediation liabilities, beginning balance	$	46,063	$	43,021
Acquisitions and divestitures		—		256
Settlements		(2,705)		(740)
Accretion of liability		3,019		2,757
Revisions to estimates and discount rate		(1,364)		1,959
Foreign exchange revaluation		844		(1,190)
Reclamation and remediation liabilities, ending balance	$	45,857	$	46,063
Less: current portion		6,473		4,988
Long-term portion	$	39,384	$	41,075