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PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2015
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

NOTE 7   PROPERTY AND EQUIPMENT

As of December 31, 2015 and 2014, property and equipment consisted of the following:

 

 

 

 

 

 

 

 

 

    

December 31, 2015

    

December 31, 2014

 

Trucks and trailers

 

$
1,065

 

$
1,012

 

Office furniture and equipment

 

 
1,543

 

 
1,404

 

Leasehold improvements

 

 
661

 

 
661

 

Drill rigs

 

 
1,061

 

 
998

 

Building

 

 
1,514

 

 
1,514

 

Land

 

 
8,699

 

 
8,699

 

Mining equipment

 

 
1,625

 

 
1,548

 

Construction-in-process

 

 
4,314

 

 
6,286

 

Subtotal

 

$
20,482

 

$
22,122

 

Less: accumulated depreciation

 

 
(4,723)

 

 
(4,226)

 

Total

 

$
15,759

 

$
17,896

 

 

Additions to property and equipment during the year ended December 31, 2015 are mainly in relation to drill rigs and mining equipment acquired for the El Gallo 1 mine. Depreciation expense for 2015 was $0.9 million (2014 - $1.0 million, 2013 - $0.9 million).