CLOSURE AND RECLAMATION PROVISIONS

12 Months Ended

Dec. 31, 2023

16. CLOSURE AND RECLAMATION PROVISIONS

The following table summarizes the changes in closure and reclamation provisions:


	Closure and Reclamation Provisions
	Caylloma Mine		San Jose Mine		Lindero Mine			Yaramoko Mine		Séguéla Mine		Total
Balance as at December 31, 2022	$	13,956	$	7,670	$	11,514	$	13,375	$	6,790	$	53,305
Changes in estimate		2,215		949		2,442		261		3,692		9,559
Reclamation expenditures		(1,011)		(192)		-		-		-		(1,203)
Accretion		790		777		529		597		295		2,988
Effect of changes in foreign exchange rates		-		1,154		-		-		-		1,154
Balance as at December 31, 2023		15,950		10,358		14,485		14,233		10,777		65,803
Less: Current portion		(3,804)		(1,261)		-		-		-		(5,065)
Non-current portion	$	12,146	$	9,097	$	14,485	$	14,233	$	10,777	$	60,738

	Closure and Reclamation Provisions
	Caylloma Mine		San Jose Mine		Lindero Mine			Yaramoko Mine		Séguéla Mine		Total
Balance as at December 31, 2021	$	14,898	$	7,128	$	19,639	$	12,895	$	1,552	$	56,112
Changes in estimate		(1,235)		(493)		(8,666)		135		5,238		(5,021)
Reclamation expenditures		(503)		(120)		-		-		-		(623)
Accretion		796		682		541		345		-		2,364
Effect of changes in foreign exchange rates		-		473		-		-		-		473
Balance as at December 31, 2022		13,956		7,670		11,514		13,375		6,790		53,305
Less: Current portion		(1,577)		(600)		-		-		-		(2,177)
Non-current portion	$	12,379	$	7,070	$	11,514	$	13,375	$	6,790	$	51,128

The following table summarizes certain key inputs used in determining the present value of reclamation costs related to mine and development sites:


	Closure and Reclamation Provisions
	Caylloma Mine		San Jose Mine		Lindero Mine			Yaramoko Mine		Séguéla Mine		Total
Undiscounted uninflated estimated cash flows	$	17,036	$	11,972	$	24,507	$	14,805	$	11,003	$	79,323
Discount rate		6.30%		9.29%		4.19%		4.23%		3.88%
Inflation rate		3.20%		4.85%		2.26%		2.20%		2.61%

The Company is expecting to incur progressive reclamation costs throughout the life of its mines.