Note 4 - Employee Benefit Plans

6 Months Ended

Jun. 30, 2026

Disclosure Text Block [Abstract]

Employee Benefit Plans

Note 4. Employee Benefit Plans

We sponsor defined benefit pension plans covering all non-hourly U.S. employees hired prior to July 2024 and our hourly workers at the Lucky Friday mine, as well as a Supplemental Excess Retirement Plan ("SERP") covering certain eligible employees.

Net periodic pension cost for the plans consisted of the following for the three and six months ended June 30, 2026 and 2025 (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2026			2025			2026			2025
Service cost	$	999		$	1,068		$	1,998		$	2,136
Interest cost		2,181			2,094			4,362			4,188
Expected return on plan assets		(2,969	)		(3,251	)		(5,938	)		(6,502	)
Amortization of prior service cost		20			20			40			40
Amortization of net loss		—			326			—			652
Net periodic pension cost	$	231		$	257		$	462		$	514

For the three and six months ended June 30, 2026 and 2025, the service cost component of net periodic pension cost is included in the same line items of our condensed consolidated financial statements as other employee compensation costs. For the three and six months ended June 30, 2026, the net benefit related to all other components of net periodic pension cost of $0.8 million (2025: $0.8 million) and $1.5 million (2025: $1.6 million), respectively, is included in other income on our condensed consolidated statements of operations and comprehensive income.