MARKETABLE SECURITIES (Tables)

12 Months Ended

Dec. 31, 2025

MARKETABLE SECURITIES

Summary of marketable securities

	As at		Additions/		Disposals/		Gain on			As at
	December 31,		transfers during		transfers during		securities			December 31,
	2024		period		period		held			2025
Equity securities	$	1,206	$	7,690	$	(1,544)	$	11,414	$	18,766
Warrants		411		982		(480)		1,435		2,348
Total marketable securities	$	1,617	$	8,672	$	(2,024)	$	12,849	$	21,114

	As at		Additions/		Disposals/		Gain (loss) on		As at
	December 31,		transfers during		transfers during		securities		December 31,
	2023		period		period		held		2024
Marketable securities	$	1,743	$	243	$	(778)	$	(2)	$	1,206
Warrants		—		123		—		288		411
Total marketable securities	$	1,743		366		(778)		286		1,617

	As at		Additions/		Disposals/		Gain on		McEwen		As at
	December 31,		transfers during		transfers during		securities		Copper		December 31,
	2022		year		year		held		deconsolidation		2023
Marketable equity securities	$	1,133	$	34,157	$	—	$	10,684	$	(44,231)	$	1,743
Warrants		162		—		(162)		—		—		—
Total investments	$	1,295	$	34,157		(162)	$	10,684	$	(44,231)	$	1,743