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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents (Note 4) $ 51,015 $ 13,692
Marketable securities (Note 5) 21,114 1,617
Receivables, prepaids and other current assets (Note 6) 5,752 7,486
Due from McEwen Copper Inc. (Note 15) $ 3,169 $ 286
Other Receivable, after Allowance for Credit Loss, Current, Related Party [Extensible Enumeration] Mcewen Copper Inc [Member] Mcewen Copper Inc [Member]
Inventories (Note 7) $ 26,836 $ 18,111
Total current assets 107,886 41,192
Mineral property interests and plant and equipment, net (Note 8) 227,208 210,922
Equity method investments (Note 9) 428,641 400,801
Due from McEwen Copper Inc. (Note 15) $ 6,052  
Other Receivable, after Allowance for Credit Loss, Noncurrent, Related Party [Extensible Enumeration] Mcewen Copper Inc [Member]  
Deferred tax assets (Note 19) $ 25,591  
Inventories (Note 7) 20,560 7,834
Restricted cash (Note 4) 4,246 3,772
Other assets 34 102
TOTAL ASSETS 820,218 664,623
Current liabilities:    
Accounts payable and accrued liabilities 44,911 28,448
Reclamation and remediation liabilities (Note 12) 6,473 4,988
Contract liability (Note 17) 7,549 3,544
Flow-through share premium (Note 13) 974 5,447
Tax liabilities (Note 19) 2,976 4,478
Lease liabilities (Note 10) 926 788
Total current liabilities 63,809 47,693
Long-term debt, net of issuance costs (Note 11) 126,168 40,000
Reclamation and remediation liabilities (Note 12) 39,384 41,075
Deferred tax liabilities (Note 19) 40,328 36,630
Lease liabilities (Note 10) 1,088 1,323
Other liabilities 3,204 2,927
Total liabilities 273,981 169,648
Shareholders' equity:    
Common shares: 55,517 as at December 31, 2025, and 53,054 as at December 31, 2024 issued and outstanding (in thousands) (Note 13) 1,821,530 1,804,702
Accumulated deficit (1,275,293) (1,309,727)
Total shareholders' equity 546,237 494,975
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $ 820,218 $ 664,623