

	At December 31		At December 31
(in thousands)	2023		2022

Other liabilities:
Post-employment benefits	$	1,117	$	1,201
Lease obligations		287		396
Loan obligations		130		180
	$	1,534	$	1,777

Other liabilities-by balance sheet presentation:
Current	$	333	$	336
Non-current		1,201		1,441
	$	1,534	$	1,777

The Company provides post-employment benefits for former Canadian employees who retired on immediate pension prior to 1997. The post-employment benefits provided include life insurance and medical and dental benefits as set out in the applicable group policies. No post-employment benefits are provided to employees outside the employee group referenced above. The post-employment benefit plan is not funded.

The effective date of the most recent actuarial valuation of the accrued benefit obligation is October 1, 2020. The amount accrued is based on estimates provided by the plan administrator which are based on past experience, limits on coverage as set out in the applicable group policies and assumptions about future cost trends. The significant assumptions used in the most recent valuation are listed below:



	At December 31		At December 31
(in thousands)	2023		2022
Accrued benefit obligation	$	1,117	$	1,201
	$	1,117	$	1,201

Post-employment benefits-by balance sheet presentation:
Current	$	120	$	120
Non-current		997		1,081
	$	1,117	$	1,201



(in thousands)	2023		2022

Balance-January 1	$	1,201	$	1,274
Accretion (note 20)		21		22
Benefits paid		(105)		(95)
Balance-December 31	$	1,117	$	1,201

At December 31, 2023, the Company’s debt obligations are comprised of lease and loan liabilities. The debt obligations continuity summary is as follows:



	Lease		Loan		Total Debt
(in thousands)	Liabilities		Liabilities		Obligations

Balance-January 1, 2022	$	452	$	56	$	508
Accretion (note 20)		32		—		32
Additions (note 10)		87		158		245
Repayments		(175)		(34)		(209)
Balance-December 31, 2022	$	396	$	180	$	576

Accretion (note 20)		27		—		27
Additions		33		—		33
Repayments		(168)		(50)		(218)
Liability adjustment gain		(1)		—		(1)
Balance-December 31, 2023	$	287	$	130	$	417

The following table outlines the Company’s scheduled maturities of its debt obligations at December 31, 2023:



	Lease		Loan	Total Debt
(in thousands)	Liabilities		Liabilities	Obligations

Maturity analysis-contractual undiscounted cash flows:
Next 12 months	$	161	52	$	213
One to five years		150	83		233
More than five years		—	—		—
Total obligation-end of period-undiscounted		311	135		446
Present value discount adjustment		(24)	(5)		(29)
Total obligation-end of period-discounted	$	287	130	$	417

In December 2023, the Company entered into an agreement with BNS to amend the terms of the Company’s Credit Facility to extend the maturity date to January 31, 2025 (the “Credit Facility”). All other terms of the Credit Facility (amount of credit facility, tangible net worth covenant, investment amounts, pledged assets and security for the facility) remain unchanged by the amendment and the Credit Facility remains subject to letter of credit and standby fees of 2.40% (0.40% on the $7,972,000 covered by pledged cash collateral) and 0.75% respectively. During the year ended December 31, 2023, the Company incurred letter of credit fees of $417,000 (December 31, 2022 - $383,000).

At December 31, 2023, the Company is in compliance with its facility covenants and has access to letters of credit of up to $23,964,000 (December 31, 2022 - $23,964,000). The facility is fully utilized as collateral for non-financial letters of credit issued in support of reclamation obligations for the MLJV, MWJV and Wheeler River (see note 13).