Property, plant, equipment and mineral deposits

12 Months Ended

Dec. 31, 2024

Disclosure of detailed information about property, plant and equipment [abstract]

Property, plant, equipment and mineral deposits

10. Property, plant, equipment and mineral deposits

Activity within property, plant, equipment and mineral deposits, for the year ended December 31, 2024 consists of the following:


	Quarries		Land & Land Improvements		Buildings		Machinery & equipment		Motor vehicles		Furniture & fixtures		Assets under construction		Total

January 1, 2024	$	114,537	$	157,668	$	59,849	$	288,025	$	91,030	$	4,289	$	85,633	$	801,031

Additions	10,685		—		—		—		—		—		128,183		138,868
Disposals	—		(163)		(46)		(911)		(1,003)		—		—		(2,123)
Reclassification	2,323		9,040		35,490		61,829		58,784		4,362		(171,828)		—
Provision adjustments	(1,659)		(17)		(1)		(1,438)		—		—		—		(3,115)
Capitalized interest	—		—		—		—		—		—		732		732
Depreciation, depletion, & amortization (DD&A)	(11,301)		(2,913)		(5,725)		(38,619)		(24,026)		(1,076)		—		(83,660)

December 31, 2024	$	114,585	$	163,615	$	89,567	$	308,886	$	124,785	$	7,575	$	42,720	$	851,733

As of December 31, 2024
Cost	266,275		225,351		185,795		994,491		344,003		22,733		49,215		2,087,863
Accumulated DD&A	(150,685)		(59,736)		(96,228)		(685,236)		(219,218)		(15,158)		(6,495)		(1,232,756)
Impairment reserve	(1,005)		(2,000)		—		(369)		—		—		—		(3,374)
Net book value	$	114,585	$	163,615	$	89,567	$	308,886	$	124,785	$	7,575	$	42,720	$	851,733

10. Property, plant, equipment and mineral deposits (continued)

The above amounts consist of assets owned by the Company. Refer to Note 11 for information about right-of-use assets. At December 31, 2024, the Company had accruals for capital projects totaling $15,128 and for the year ended December 31, 2024, the Company capitalized $732 of interest based on a capitalization rate of 6.09%. Management did not identify any events or changes in circumstances to indicate that the carrying amount may not be recoverable.

Activity within property, plant, equipment and mineral deposits, for the year ended December 31, 2023 consists of the following


	Quarries		Land & Land Improvements		Buildings		Machinery & equipment		Motor vehicles		Furniture & fixtures		Assets under construction		Total
January 1, 2023	$	113,948	$	151,346	$	35,740	$	283,321	$	87,928	$	921	$	75,062	$	748,266
Additions	7,917		—		—		681		—		—		111,521		120,119
Disposals	—		—		(255)		(3,405)		(339)		—		—		(3,999)
Reclassification	47		7,070		27,775		43,342		22,557		4,180		(104,309)		662
Provision adjustments	4,778		(32)		118		2,885		—		—		—		7,749
Capitalized interest	—		—		—		—		—		—		2,826		2,826
Depreciation, depletion, & amortization (DD&A)	(11,148)		(2,166)		(3,529)		(38,430)		(19,116)		(812)		—		(75,201)
Impairment reserve	(1,005)		1,450		—		(369)		—		—		533		609
December 31, 2023	$	114,537	$	157,668	$	59,849	$	288,025	$	91,030	$	4,289	$	85,633	$	801,031

As of December 31, 2023
Cost	254,832		216,944		150,219		957,365		313,197		19,248		90,670		2,002,475
Accumulated DD&A	(139,290)		(57,276)		(90,370)		(668,971)		(222,167)		(14,959)		(5,037)		(1,198,070)
Impairment reserve	(1,005)		(2,000)		—		(369)		—		—		—		(3,374)
Net book value	$	114,537	$	157,668	$	59,849	$	288,025	$	91,030	$	4,289	$	85,633	$	801,031

The above amounts consist of assets owned by the Company. Refer to Note 11 for information about right-of-use assets. At December 31, 2023, the Company had accruals for capital projects totaling $11,683 and for the year ended December 31, 2023, the Company capitalized $2,826 of interest based on a capitalization rate of 5.51%. Management did not identify any events or changes in circumstances to indicate that the carrying amount may not be recoverable.