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Note 6 - Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2024
Table Text Block [Abstract]  
Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award

The following table summarizes the incentive compensation grants awarded during the six months ended June 30, 2024:

 

Grant date

 

Award type

 

Number granted

 

 

Grant date fair value per share

June 21, 2024

 

Restricted stock

 

 

1,466,677

 

 

5.17

June 21, 2024

 

Performance based

 

 

518,336

 

 

3.32

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 2024 pursuant to our dividend policy:

Quarter

 

Prior Quarter Realized Silver Price

 

Silver-linked component

 

Minimum component

 

Total dividend per share

First

 

23.47

 

$0.0025

 

$0.00375

 

$0.00625

Second

 

24.77

 

$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, 2024

 

$

13,708

 

 

$

(7,871

)

 

$

5,837

 

Change in fair value of derivative contracts

 

 

(3,971

)

 

 

 

 

 

(3,971

)

Gains and deferred gains transferred from accumulated other comprehensive income

 

 

(1,432

)

 

 

 

 

 

(1,432

)

Balance March 31, 2024

 

$

8,305

 

 

$

(7,871

)

 

$

434

 

Changes in fair value of derivative contracts

 

$

(4,545

)

 

 

 

 

$

(4,545

)

Gains and deferred gains transferred from accumulated other comprehensive income

 

$

(1,943

)

 

$

 

 

 

(1,943

)

Balance June 30, 2024

 

$

1,817

 

 

$

(7,871

)

 

$

(6,054

)

 

 

 

 

 

 

 

 

 

 

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