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Reclamation | 6 Months Ended
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Jun. 30, 2014
Asset Retirement Obligation Disclosure [Abstract] |
RECLAMATION AND MINE CLOSURE | RECLAMATION Reclamation and mine closure costs are based principally on legal and regulatory requirements. Management estimates costs associated with reclamation of mining properties as well as remediation costs for inactive properties. The Company uses assumptions about future costs, mineral prices, mineral processing recovery rates, production levels, capital costs and reclamation costs. On an ongoing basis, management evaluates its estimates and assumptions, and future expenditures could differ from current estimates. Changes to the Company’s asset retirement obligations are as follows (in thousands):
| Three months ended June 30, |  | Six months ended June 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
Asset retirement obligation - Beginning | $ | 58,460 |  |  | $ | 35,197 |  |  | $ | 57,454 |  |  | $ | 34,457 |
Accretion | 1,435 |  |  | 758 |  |  | 2,752 |  |  | 1,500 |
Settlements | (100 | ) |  | (377 | ) |  | (411 | ) |  | (379 | )
Asset retirement obligation - Ending | $ | 59,795 |  |  | $ | 35,578 |  |  | $ | 59,795 |  |  | $ | 35,578 |
The Company has accrued $0.7 million and $1.0 million at June 30, 2014 and December 31, 2013, respectively, for reclamation liabilities related to former mining activities. These amounts are also included in Reclamation.

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- Definition The entire disclosure for an asset retirement obligation and the associated long-lived asset. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6392692&loc=d3e7535-110849 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6392692&loc=d3e7569-110849 + Details
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