3 unchanged sentences
Fixed-rate debt.
−Removed: Our fixed rate debt at March 31, 2026 consisted of a $34.5 million convertible bond that has a fixed interest rate of 8.0% per annum.
+Added: Our fixed rate debt at June 30, 2026 consisted of a $35.2 million convertible bond that has a fixed interest rate of 8.0% per annum.
The convertible bond is accounted for at amortized cost.
1 unchanged sentence
Variable-rate debt.
−Removed: Our variable-rate debt at March 31, 2026 was $nil.
−Removed: However, we have an undrawn $200.0 million Bridge Facility at March 31, 2026, related to the Santa Cruz Copper Project, which if drawn will have an interest rate equal to the secured overnight financing rate plus 5.0%.
+Added: Our variable-rate debt at June 30, 2026 was $nil.
+Added: However, we have an undrawn $200.0 million Bridge Facility at June 30, 2026, related to the Santa Cruz Copper Project, which if drawn will have an interest rate equal to the secured overnight financing rate plus 5.0%.
Foreign Currency Risk
2 unchanged sentences
dollars at our exploration projects located in the United States and are not subject to foreign currency risk.
−Removed: Outside of the United States, we are subject to foreign currency risk when we undertake transactions in foreign currencies, particularly certain operating expenditures incurred in Canada.
+Added: Outside of the United States, we are subject to foreign currency risk when we undertake transactions in foreign currencies, particularly certain operating
+Added: expenditures incurred in Canada.
As the exchange rates between the U.S.
dollar and our foreign currencies fluctuate, we experience foreign exchange gains and losses.
−Removed: The carrying amounts of our Canadian dollar denominated monetary assets and liabilities at March 31, 2026 are as follows:
−Removed: March 31, 2026
+Added: The carrying amounts of our Canadian dollar denominated monetary assets and liabilities at June 30, 2026 are as follows:
+Added: June 30, 2026
Canadian Dollar Balance (in 000’s USD Equivalent)
2 unchanged sentences
Other liabilities
−Removed: Three Months Ended March 31, 2026
+Added: Six Months Ended
+Added: June 30, 2026
Opening exchange rate (1 U.S.
3 unchanged sentences
Appreciation/(devaluation) of Canadian dollar
−Removed: As at March 31, 2026, a 10% depreciation or appreciation of the Canadian dollar against the U.S.
−Removed: dollar would have resulted in an approximate $0.5 million increase or decrease in the Company’s net income for the three months ended March 31, 2026.
+Added: As at June 30, 2026, a 10% depreciation or appreciation of the Canadian dollar against the U.S.
+Added: dollar would have resulted in an approximate $0.3 million increase or decrease in the Company’s net income for the six months ended June 30, 2026.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.