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MINERAL PROPERTY INTERESTS AND PLANT AND EQUIPMENT | 6 Months Ended
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Jun. 30, 2019
MINERAL PROPERTY INTERESTS, PLANT AND EQUIPMENT AND CONSTRUCTION IN PROGRESS |
MINERAL PROPERTY INTERESTS, PLANT AND EQUIPMENT AND CONSTRUCTION IN PROGRESS | NOTE 7 MINERAL PROPERTY INTERESTS AND PLANT AND EQUIPMENT The definition of proven and probable reserves is set forth in the SEC Industry Guide 7. If proven and probable reserves exist at the Company’s properties, the relevant capitalized mineral property interests and asset retirement costs are charged to expense based on the units of production method upon commencement of production. The Company’s Gold Bar, Black Fox and San José properties have proven and probable reserves compliant with SEC Industry Guide 7. The following table summarizes mineral property interests and plant and equipment at June 30, 2019 and December 31, 2018: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, 2019 |  | December 31, 2018 |
Mineral property interests |  | $ | 340,945 |  | $ | 326,086 | ​
Land | ​ |  | 8,708 | ​ |  | 8,699 | ​
Construction in progress | ​ | ​ | 3,901 | ​ | ​ | 74,643 | ​
Plant and equipment | ​ | ​ | 130,572 | ​ | ​ | 49,578 | ​
Subtotal | ​ | $ | 484,126 | ​ | $ | 459,006 | ​
Less: accumulated depreciation | ​ |  | (48,006) | ​ | ​ | (35,127) | ​
Net carrying value | ​ | $ | 436,120 | ​ | $ | 423,879 | ​
​ Plant and equipment at June 30, 2019 includes $1.4 million of capitalized interest related to the Gold Bar mine (December 31, 2018 – $0.8 million). As at February 16, 2019, first production occurred at the Gold Bar mine and related construction-in-progress costs were transferred into the appropriate category of plant and equipment and mineral property interests and amortized. The Company’s leased assets include equipment, vehicles and office space; the assets are amortized on a straight-line basis over their estimated useful lives (see note 9 Leases). Leased assets at June 30, 2019 were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2019 | ​
​ | ​ | Operating lease | ​ | Finance leases | ​
Leased assets, cost | ​ | $ | 1,167 | ​ | $ | 8,048 | ​
Accumulated amortization | ​ | ​ | (413) | ​ | ​ | (515) | ​
Net book value | ​ | $ | 754 | ​ | $ | 7,533 | ​
​

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