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Closure and Reclamation Provisions (Tables)
12 Months Ended
Dec. 31, 2020
Closure and Reclamation Provisions [abstract]  
Schedule of Reclamation and Closure Provisions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Closure and Reclamation Provisions

 

    

Caylloma
Mine

    

San Jose
Mine

    

Lindero
Mine

    

Total

Balance at December 31, 2019

 

$

11,324

 

$

4,848

 

$

14,953

 

$

31,125

Changes in estimate

 

 

3,288

 

 

1,328

 

 

4,482

 

 

9,098

Reclamation expenditures

 

 

(114)

 

 

(227)

 

 

 -

 

 

(341)

Accretion

 

 

256

 

 

249

 

 

249

 

 

754

Effect of changes in foreign exchange rates

 

 

 7

 

 

(293)

 

 

 -

 

 

(286)

Balance at December 31, 2020

 

 

14,761

 

 

5,905

 

 

19,684

 

 

40,350

Less:  Current portion

 

 

(142)

 

 

(238)

 

 

 -

 

 

(380)

Non-current portion

 

$

14,619

 

$

5,667

 

$

19,684

 

$

39,970

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Closure and Reclamation Provisions

 

 

Caylloma
Mine

    

San Jose
Mine

    

Lindero
Mine

    

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

 

Schedule of Estimates Used in Reclamation and Closure Provisions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Closure and Reclamation Provisions

 

 

Caylloma
Mine

 

San Jose
Mine

 

Lindero
Mine

 

Total

Anticipated settlement date

 

 

2021 - 2032

 

 

2025 - 2037

 

 

2029 - 2042

 

 

 

Undiscounted uninflated estimated cash flow

 

$

14,899

 

$

6,864

 

$

17,946

 

$

39,709

Estimated life of mine (years)

 

 

 7

 

 

 5

 

 

13

 

 

 

Discount rate

 

 

2.25%

 

 

5.25%

 

 

1.45%

 

 

 

Inflation rate

 

 

2.00%

 

 

3.52%

 

 

2.06%