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RECLAMATION AND REMEDIATION LIABILITIES | 12 Months Ended
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Dec. 31, 2023
RECLAMATION AND REMEDIATION LIABILITIES |
RECLAMATION AND REMEDIATION LIABILITIES | NOTE 12 RECLAMATION AND REMEDIATION LIABILITIES The Company is responsible for reclamation of certain past and future disturbances at its properties. The properties subject to these obligations are the Gold Bar and Tonkin properties in Nevada, the Fox Complex properties in Canada, and the El Gallo mine in Mexico. A reconciliation of the Company’s reclamation and remediation liabilities for the years ended December 31, 2023, and 2022, is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | Year ended | ​ | ​ | Year ended
​ | ​ | ​ | December 31, 2023 | ​ | ​ | December 31, 2022
Reclamation and remediation liabilities, beginning balance | ​ | $ | 41,846 | ​ | $ | 35,452
Settlements | ​ | ​ | (1,358) | ​ | ​ | (774)
Accretion of liability | ​ | ​ | 2,536 | ​ | ​ | 2,354
Revisions to estimates and discount rate | ​ | ​ | (300) | ​ | ​ | 5,664
Foreign exchange revaluation | ​ | ​ | 297 | ​ | ​ | (850)
Reclamation and remediation liabilities, ending balance | ​ | $ | 43,021 | ​ | $ | 41,846
Less: current portion | ​ | ​ | 3,105 | ​ | ​ | 12,576
Long-term portion | ​ | $ | 39,916 | ​ | $ | 29,270
​ Revisions to estimates and discount rates for the year ended December 31, 2023 consisted of a $1.5 million increase in obligations at Gold Bar, a $0.2 million decrease at Tonkin Springs and a $1.6 million decrease at El Gallo. For the year ended December 31, 2022, revisions to estimates and discount rates consisted of a $3.2 million increase in obligations at Gold Bar, a $1.2 million increase at Tonkin Springs, and a $1.3 million increase at El Gallo. 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: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended December 31,
​ |  | 2023 | ​ | 2022 | ​ | 2021
Reclamation adjustment reflecting updated estimates | ​ | $ | 157 | ​ | $ | 991 | ​ | $ | 1,045
Reclamation accretion | ​ | ​ | 2,536 | ​ | ​ | 2,354 | ​ | ​ | 2,405
Total | ​ | $ | 2,693 | ​ | $ | 3,345 | ​ | $ | 3,450
​

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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 -Topic 410 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481850/410-20-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 410 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//410-20/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 20 -Topic 410 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481850/410-20-50-2 + Details
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