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MINERAL PROPERTY INTERESTS AND PLANT AND EQUIPMENT | 12 Months Ended
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Dec. 31, 2023
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, 2023 and 2022 are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2023 |  | December 31, 2022
Mineral property interests, cost | ​ | $ | 207,601 | ​ | $ | 359,845
Less: accumulated depletion | ​ | ​ | (80,004) | ​ | ​ | (58,700)
Mineral property interests, carrying value | ​ | $ | 127,597 | ​ | $ | 301,145
​ | ​ | ​ | ​ | ​ | ​ | ​
Plant and equipment, cost | ​ | ​ | ​ | ​ | ​ | ​
Land | ​ | $ | 18,043 | ​ | $ | 17,850
Construction in progress | ​ | ​ | 6,963 | ​ | ​ | 8,408
Plant and equipment | ​ | ​ | 79,972 | ​ | ​ | 73,740
Subtotal | ​ | $ | 104,978 | ​ | $ | 99,998
Less: accumulated depreciation | ​ |  | (62,625) | ​ | ​ | (54,862)
Plant and equipment, carrying value | ​ | $ | 42,353 | ​ | $ | 45,136
​ | ​ | ​ | ​ | ​ | ​ | ​
Mineral property interests and plant and equipment, carrying value | ​ | $ | 169,950 | ​ | $ | 346,281
​ Mineral property interest carrying value at December 31, 2023 and 2022 includes the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Name of Property/Complex |  | State/Province |  | Country |  | 2023 |  | 2022
Fox Complex | ​ | Ontario | ​ | Canada | ​ | $ | 32,519 | ​ | $ | 40,413
Lexam Exploration Properties | ​ | Ontario | ​ | Canada | ​ | ​ | 41,595 | ​ | ​ | 41,595
Los Azules Copper Project | ​ | San Juan |  | Argentina | ​ | ​ | — | ​ | ​ | 162,669
Los Azules Copper Project - 1.25% NSR |  | San Juan |  | Argentina | ​ | ​ | 28,821 | ​ | ​ | 28,821
Tonkin Properties |  | Nevada |  | United States | ​ |  | 4,602 | ​ |  | 4,833
Gold Bar Mine |  | Nevada |  | United States | ​ |  | 11,031 | ​ |  | 12,982
Elder Creek Exploration Property |  | Nevada |  | United States | ​ | ​ | — | ​ | ​ | 635
Elder Creek Exploration Property - 1.25% NSR |  | Nevada |  | United States | ​ |  | 150 | ​ |  | 150
Fenix Project Properties |  | Sinaloa |  | Mexico | ​ |  | 8,879 | ​ |  | 9,047
Total mineral property interests | ​ | ​ | ​ | ​ | ​ | $ | 127,597 | ​ | $ | 301,145
​ 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 that conform to S-K 1300. The definition of proven and probable reserves is set forth in 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/or 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, 2023, and 2022, no impairment has been noted for any of the Company’s mineral property interests.

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