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LEASE LIABILITIES | 12 Months Ended
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Dec. 31, 2023
LEASE LIABILITIES |
LEASE LIABILITIES | NOTE 10 LEASE LIABILITIES The Company’s lease obligations include equipment, vehicles and office space. Leased assets are included in plant and equipment (Note 8). The terms and conditions contained in the Company’s leases do not contain variable components. Lease liabilities as at December 31, 2023 and 2022 are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Total discounted lease liabilities
​ | ​ | December 31, 2023 | ​ | December 31, 2022
Finance leases | ​ | $ | 1,117 | ​ | $ | 1,320
Operating lease | ​ | ​ | 349 | ​ | ​ | 1,086
Lease liabilities | ​ | $ | 1,466 | ​ | $ | 2,406
Current portion | ​ | ​ | (978) | ​ | ​ | (1,215)
Long-term portion | ​ | $ | 488 | ​ | $ | 1,191
​ Lease liabilities as at December 31, 2023 are recorded using weighted average discount rates of 5.05% and 7.36% for finance and operating leases, respectively, and have average remaining lease terms of two years. By comparison, as at December 31, 2022, lease liabilities were recorded at average rates of 3.63% and 8.00% for finance and operating leases, respectively, and had average remaining lease terms of two years and three years, respectively. During the year ended December 31, 2023, the Company recorded $2.7 million (December 31, 2022 – $3.0 million) in interest and other finance costs related to leases. A breakdown of the lease-related costs for the years ended December 31, 2023 and 2022 is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2023 | ​ | December 31, 2022
Finance leases: | ​ | ​ | ​ | ​ | ​ | ​
Amortization of ROU assets | ​ | $ | 2,606 | ​ | $ | 2,865
Interest expense | ​ | ​ | 132 | ​ | ​ | 140
Total | ​ | $ | 2,738 | ​ | $ | 3,005
Operating lease: | ​ | ​ | ​ | ​ | ​ | ​
Rent expense | ​ | $ | 72 | ​ | $ | 152
​ Minimum undiscounted lease payments as at December 31, 2023 are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Payments due by period
​ |  | 2024 |  | 2025 | ​ | 2026 | ​ | 2027 |  | Total
Operating lease obligation | ​ | $ | 287 | ​ | $ | 95 | ​ | $ | — | ​ | $ | — | ​ | $ | 382
Finance lease obligations | ​ |  | 786 | ​ |  | 235 | ​ |  | 207 | ​ |  | — | ​ |  | 1,228
Total minimum lease payments | ​ | $ | 1,073 | ​ | $ | 330 | ​ | $ | 207 | ​ | $ | — | ​ | $ | 1,610
Less: Imputed interest | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (144)
Total | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 1,466
​

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- Definition The entire disclosure of information about leases. + References No definition available. + Details
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Namespace Prefix: | mux_
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Balance Type: | na
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- References No definition available. + Details
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Namespace Prefix: | us-gaap_
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