Note 6 - Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2023

Table Text Block [Abstract]

Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award

The following table summarizes the grants awarded during the nine months ended September 30, 2023:

Grant date	Award type	Number granted	Grant date fair value per share
June 21, 2023	Restricted stock	1,230,223	$5.05
June 21, 2023	Performance based	314,778	$3.54
August 7, 2023	Restricted stock	51,357	$5.16
August 7, 2023	Performance based	21,318	$3.54

Summary of Dividends Declared Pursuant to Dividend Policy

The following table summarizes the dividends our Board of Directors have declared and we have paid during 2023 pursuant to our dividend policy:

Quarter	Prior Quarter Realized Silver Price	Silver-linked component	Minimum component	Total dividend per share
First	22.03	$0.0025	$0.00375	$0.00625
Second	22.62	$0.0025	$0.00375	$0.00625
Third	23.67	$0.0025	$0.00375	$0.00625

Schedule of Accumulated other comprehensive income (loss)

The following table lists the beginning balance, quarterly activity and ending balances, net of income and mining tax, of each component of “Accumulated other comprehensive income (loss), net” (in thousands):

	Changes in fair value of derivative contracts designated as hedge transactions			Adjustments For Pension Plans			Total Accumulated Other Comprehensive Income (Loss), Net
Balance January 1, 2023	$	9,162		$	(6,714	)		2,448
Changes in fair value of derivative contracts		8,665			—			8,665
Gains and deferred gains transferred from accumulated other comprehensive income		(2,149	)		—			(2,149	)
Balance March 31, 2023	$	15,678		$	(6,714	)	$	8,964
Changes in fair value of derivative contracts		7,445			—			7,445
Gains and deferred gains transferred from accumulated other comprehensive income		(2,213	)		—			(2,213	)
Balance June 30, 2023	$	20,910		$	(6,714	)	$	14,196
Changes in fair value of derivative contracts		(5,265	)		—			(5,265	)
Gains and deferred gains transferred from accumulated other comprehensive income		(6,119	)		—			(6,119	)
Balance September 30, 2023	$	9,526		$	(6,714	)	$	2,812

	Changes in fair value of derivative contracts designated as hedge transactions			Adjustments For Pension Plans			Total Accumulated Other Comprehensive Income (Loss), Net
Balance January 1, 2022	$	(4,675	)	$	(23,781	)		(28,456	)
Changes in fair value of derivative contracts		(31,798	)		—			(31,798	)
Gains transferred from accumulated other comprehensive income		(1,367	)		—			(1,367	)
Balance March 31, 2022		(37,840	)		(23,781	)		(61,621	)
Changes in fair value of derivative contracts		61,939			—			61,939
Gains transferred from accumulated other comprehensive income		3,409			—			3,409
Balance June 30, 2022	$	27,508		$	(23,781	)	$	3,727
Changes in fair value of derivative contracts		(16,701	)		—			(16,701	)
Gains transferred from accumulated other comprehensive income		4,009			—			4,009
Balance September 30, 2022	$	14,816		$	(23,781	)	$	(8,965	)