XML 25 R14.htm IDEA: XBRL DOCUMENT v3.22.4
RECLAMATION LIABILITIES
 12 Months Ended
Dec. 31, 2022
Asset Retirement Obligation [Abstract]  
RECLAMATION LIABILITIES RECLAMATION LIABILITIES 
The Company is subject to various domestic and international laws and regulations governing the protection of the environment. These laws and regulations are continually changing and are generally becoming more restrictive. Estimated future reclamation costs are based principally on current legal and regulatory requirements.
Changes in Reclamation liabilities during the years ended December 31 were as follows (in thousands): 
20222021
Balance, beginning of year $125,044 $104,744 
Reclamation expenditures 
(1,221)(243)
Accretion expense  
6,035 4,821 
Additions, changes in estimate and other
34,189 15,722 
Balance, end of year $164,047 $125,044 
Less: current portion (10,075)(2,384)
Non-current reclamation liabilities$153,972 $122,660 
During the year ended December 31, 2022, reclamation adjustments related to changes in estimate were primarily comprised of $3.8 million at Çöpler, $3.6 million at Marigold, $12.5 million at Seabee, and $12.9 million at Puna. These adjustments were related to increases in unit cost rates for labor and equipment as well as additional scope of reclamation and closure activities due to disturbance.
During the year ended December 31, 2021, reclamation adjustments related to changes in estimate were primarily comprised of $4.7 million at Çöpler, $4.8 million at Marigold and $5.6 million at Puna. These adjustments are related to increases in water treatment costs and unit cost rates as well as additional scope of reclamation and closure activities due to disturbance.