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MINERAL PROPERTY INTERESTS AND PLANT AND EQUIPMENT | 12 Months Ended
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Dec. 31, 2022
MINERAL PROPERTY INTERESTS AND PLANT AND EQUIPMENT |
MINERAL PROPERTY INTERESTS AND PLANT AND EQUIPMENT | NOTE 8 MINERAL PROPERTY INTERESTS AND PLANT AND EQUIPMENT The cost and carrying value of mineral property interests and plant and equipment at December 31, 2022 and 2021 are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2022 |  | December 31, 2021
Mineral property interests, cost | ​ | $ | 359,845 | ​ | $ | 344,529
Less: accumulated depletion | ​ | ​ | (58,700) | ​ | ​ | (47,197)
Mineral property interests, carrying value | ​ | $ | 301,145 | ​ | $ | 297,332
​ | ​ | ​ | ​ | ​ | ​ | ​
Plant and equipment, cost | ​ | ​ | ​ | ​ | ​ | ​
Land | ​ | $ | 17,850 | ​ | $ | 8,949
Construction in progress | ​ | ​ | 8,408 | ​ | ​ | 4,078
Plant and equipment | ​ | ​ | 73,740 | ​ | ​ | 76,887
Subtotal | ​ | $ | 99,998 | ​ | $ | 89,914
Less: accumulated depreciation | ​ |  | (54,862) | ​ | ​ | (44,942)
Plant and equipment, carrying value | ​ | $ | 45,136 | ​ | $ | 44,972
​ | ​ | ​ | ​ | ​ | ​ | ​
Mineral property interests and plant and equipment, carrying value | ​ | $ | 346,281 | ​ | $ | 342,303
​ Mineral property interest carrying value at December 31, 2022 and 2021 includes the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Name of Property/Complex |  | State/Province |  | Country |  | 2022 |  | 2021 |
Fox Complex | ​ | Ontario | ​ | Canada | ​ | $ | 40,413 | ​ | $ | 37,678 | ​
Lexam Exploration Properties | ​ | Ontario | ​ | Canada | ​ | ​ | 41,595 | ​ | ​ | 41,595 | ​
Los Azules Copper Project |  | San Juan |  | Argentina | ​ | ​ | 191,490 | ​ | ​ | 191,490 | ​
Tonkin Properties |  | Nevada |  | United States | ​ |  | 4,833 | ​ |  | 4,833 | ​
Gold Bar Mine |  | Nevada |  | United States | ​ |  | 12,982 | ​ |  | 11,790 | ​
Elder Creek Exploration Property |  | Nevada |  | United States | ​ |  | 785 | ​ |  | 785 | ​
Fenix Project Properties |  | Sinaloa |  | Mexico | ​ |  | 9,047 | ​ |  | 9,160 | ​
Total mineral property interests | ​ | ​ | ​ | ​ | ​ | $ | 301,145 | ​ | $ | 297,332 | ​
​ Gold Bar mineral property interests are depleted based on the units of production method from the production commencement date over the estimated proven and probable reserves. The El Gallo mine and Fox Complex are depleted and depreciated using the straight line or units-of-production method over the stated mine life, as the projects do not have proven and probable reserves compliant with S-K 1300. The definition of proven and probable reserves is set forth in the S-K 1300. 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 Mine and San José properties have proven and probable reserves estimated in accordance with S-K 1300. The Company conducts a review of potential triggering events for impairment for all its mineral projects on a quarterly basis or when events or changes in circumstances indicate that the related carrying amounts may not be recoverable. During the year ended December 31, 2022 and 2021, no impairment has been noted for any of the Company’s mineral property interests.

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