XML 46 R14.htm IDEA: XBRL DOCUMENT
v3.24.0.1

RECLAMATION LIABILITIES | 12 Months Ended
--- | ---
Dec. 31, 2023
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):
| 2023 |  | 2022
Balance as of January 1 | $ | 164,047 |  |  | $ | 125,044 |
Reclamation expenditures |  | (1,466) |  |  |  | (1,221) |
Accretion expense |  | 8,698 |  |  |  | 6,035 |
Additions, changes in estimate and other |  | 3,742 |  |  |  | 34,189 |
Obligations related to divested properties |  | (1,202) |  |  |  | — |
Balance as of December 31 | $ | 173,819 |  |  | $ | 164,047 |
Less: current portion |  | (3,364) |  |  |  | (10,075) |
Non-current reclamation liabilities | $ | 170,455 |  |  | $ | 153,972 |
During the year ended December 31, 2023, reclamation adjustments related to changes in estimate were primarily comprised of an increase of $2.3 million at Çöpler, $1.4 million at Seabee, and $1.4 million at Puna, partially offset by a decrease of $1.1 million at Marigold. These adjustments were related to increases in unit cost rates for labor and equipment and change in the scope and timing of reclamation and closure activities due to disturbance. 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 an increase in the scope of reclamation and closure activities due to disturbance.

X
- References No definition available. + Details
Name: | us-gaap_AssetRetirementObligationAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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/disclosureRef -Topic 410 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481850/410-20-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 410 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//410-20/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 20 -Topic 410 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481850/410-20-50-2 + Details
Name: | us-gaap_AssetRetirementObligationDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration