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ASSET RETIREMENT OBLIGATIONS | 3 Months Ended
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Mar. 31, 2023
ASSET RETIREMENT OBLIGATIONS |
ASSET RETIREMENT OBLIGATIONS | ​ NOTE 11 ASSET RETIREMENT OBLIGATIONS ​ The Company is responsible for the reclamation of certain past and future disturbances at its properties. The most significant properties subject to these obligations are the Gold Bar and Tonkin properties in Nevada, the Fox Complex properties in Canada and the El Gallo Project in Mexico. A reconciliation of the Company’s asset retirement obligations for the three months ended March 31, 2023 and for the year ended December 31, 2022 are as follows: ​
​ | ​ | ​ | ​ | ​ | ​
​ | Three months ended March 31, 2023 |  | Year ended December 31, 2022
Asset retirement obligation liability, beginning balance | $ | 41,846 | ​ | $ | 35,452
Settlements |  | (270) | ​ |  | (774)
Accretion of liability |  | 610 | ​ |  | 2,354
Revisions to estimates and discount rate |  | 20 | ​ |  | 5,664
Foreign exchange revaluation | ​ | 1 | ​ | ​ | (850)
Asset retirement obligation liability, ending balance | $ | 42,207 | ​ | $ | 41,846
Less current portion | ​ | 12,797 | ​ | ​ | 12,576
Long-term portion | $ | 29,410 | ​ | $ | 29,270
​ Reclamation expense in the Statement of Operations includes adjustments for updates in the reclamation liability for properties that do not have reserves in compliance with S-K 1300. Reclamation accretion for all properties is as follows: ​
​ | ​ | ​ | ​ | ​ | ​
​ | Three months ended March 31,
​ | 2023 | ​ | 2022
Reclamation adjustment reflecting updated estimates | $ | 20 | ​ | $ | —
Reclamation accretion | ​ | 610 | ​ | ​ | 527
Total | $ | 630 | ​ | ​ | 527
​

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=6392692&loc=d3e7569-110849 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=2175671 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6392692&loc=d3e7535-110849 + Details
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