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Closure and Rehabilitation Provisions
 12 Months Ended
Dec. 31, 2017
Closure and Rehabilitation Provisions [abstract]  
Closure and Rehabilitation Provisions

21. Closure and Rehabilitation Provisions





 

 

 

 

 

 

 

 

 

 

 

 



 

Closure and rehabilitation provisions



 

 

Caylloma Mine

 

 

San Jose Mine

 

 

Lindero Gold Project

 

 

Total

Balance January 1, 2017

 

$

 8,182 

 

$

 4,822 

 

$

 208 

 

$

 13,212 

Changes in estimate

 

 

 1,761 

 

 

 (1,152)

 

 

 301 

 

 

 910 

Incurred and charged against the provision

 

 

 (623)

 

 

 (170)

 

 

 -

 

 

 (793)

Accretion expense

 

 

 304 

 

 

 380 

 

 

 -

 

 

 684 

Effect of foreign exchange changes

 

 

 -

 

 

 220 

 

 

 -

 

 

 220 

Balance December 31, 2017

 

 

 9,624 

 

 

 4,100 

 

 

 509 

 

 

 14,233 

   Current portion

 

 

 1,533 

 

 

 123 

 

 

 -

 

 

 1,656 

Non-current portion

 

$

 $8,091 

 

$

 $3,977 

 

$

 $509 

 

$

 $12,577 



Closure and reclamation provisions represent the present value of rehabilitation costs relating to mine and development sites.  There have been no significant changes in requirements, laws, regulations, operating assumptions, estimated timing and amount of closure and rehabilitation obligations during year ended December 31, 2017, except for the timing caused by the extended Caylloma life of mine.





 

 

 

 

 

 

 

 

 

 

 

 



 

Closure and rehabilitation provisions



 

 

Caylloma Mine

 

 

San Jose Mine

 

 

Lindero Gold Project

 

 

Total

Anticipated settlement date

 

 

2022 - 2029

 

 

2025 - 2037

 

 

2019 -  2032

 

 

 

Undiscounted uninflated estimated cash flow

 

$

 9,726 

 

$

 5,016 

 

$

 444 

 

$

 15,186 

Discount rate

 

 

 3.76% 

 

 

 7.22% 

 

 

 5.91% 

 

 

 

Inflation rate

 

 

 2.00% 

 

 

 3.87% 

 

 

 6.58%