19. Closure and Reclamation Provisions



	Closure and Reclamation Provisions
	Caylloma Mine		San Jose Mine		Lindero Project		Total
Balance at December 31, 2018	$	10,800	$	3,716	$	1,427	$	15,943
Changes in estimate		394		886		13,390		14,670
Reclamation expenditures		(201)		(150)		-		(351)
Accretion		331		259		136		726
Effect of changes in foreign exchange rates		-		137		-		137
Balance at December 31, 2019		11,324		4,848		14,953		31,125
Less: Current portion		3,048		209		-		3,257
Non-current portion	$	8,276	$	4,639	$	14,953	$	27,868

	Closure and Reclamation Provisions
	Caylloma Mine		San Jose Mine		Lindero Project		Total
Balance at December 31, 2017	$	9,624	$	4,100	$	509	$	14,233
Changes in estimate		1,266		(624)		896		1,538
Reclamation expenditures		(559)		(123)		-		(682)
Accretion		469		361		22		852
Effect of changes in foreign exchange rates		-		2		-		2
Balance at December 31, 2018		10,800		3,716		1,427		15,943
Less: Current portion		682		159		-		841
Non-current portion	$	$ 10,118	$	$ 3,557	$	$ 1,427	$	$ 15,102

Closure and reclamation provisions represent the present value of reclamation costs related to mine and development sites. There have been no significant changes in requirements, laws, regulations, operating assumptions, estimated timing and amount of reclamation and closure obligations during the year ended December 31, 2019, except for the Lindero Project, where the Company estimates reclamation and closure cost based on the progress of the mine construction.



	Closure and Reclamation Provisions
	Caylloma Mine		San Jose Mine		Lindero Project		Total
Anticipated settlement date		2022 - 2027		2025 - 2037		2029 - 2042
Undiscounted uninflated estimated cash flow	$	11,095	$	4,850	$	17,420	$	33,365
Estimated life of mine (years)		10		6		14
Discount rate		3.00%		6.88%		1.94%
Inflation rate		2.00%		3.58%		2.00%

The Company is expecting to incur annual reclamation expenses throughout the life of its mines.