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RECLAMATION OBLIGATIONS | 3 Months Ended
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Mar. 31, 2018
RECLAMATION OBLIGATIONS |
RECLAMATION OBLIGATIONS | NOTE 6 RECLAMATION OBLIGATIONS The Company is responsible for reclamation of certain past and future disturbances at its properties. The most significant properties subject to these obligations are the Tonkin property in Nevada, the El Gallo 1 mine in Mexico, and the Timmins properties in Canada. A reconciliation of the Company’s asset retirement obligations for the three months ended March 31, 2018 and for the year ended December 31, 2017 are as follows:
|  | March 31, 2018 |  | December 31, 2017
Asset retirement obligation liability, beginning of the period |  | $ | 24,722 |  | $ | 9,843
Settlements |  |  | (19) |  |  | (126)
Accretion of liability |  |  | 294 |  |  | 635
Acquisitions and divestitures |  |  | — |  |  | 11,803
Adjustment reflecting updated estimates |  |  | 504 |  |  | 2,561
Foreign exchange revaluation |  |  | (359) |  |  | 6
Asset retirement obligation liability, ending balance |  | $ | 25,142 |  | $ | 24,722
Current portion |  |  | (743) |  |  | (646)
Non-current portion |  | $ | 24,399 |  | $ | 24,076
The Company adjusted its estimated liability in relation to the Gold Bar project for disturbance caused up to March 31, 2018.

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- Definition The entire disclosure for an asset retirement obligation and the associated long-lived asset. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2175671 + Details
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- References No definition available. + Details
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