XML 28 R17.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

ASSET RETIREMENT OBLIGATIONS | 6 Months Ended
--- | ---
Jun. 30, 2024
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. As at June 30, 2024, the asset retirement obligation balances at the properties subject to these obligations were $21.7 million at the Gold Bar and Tonkin properties in Nevada, $15.5 million at the Fox Complex and $7.2 million at the El Gallo mine in Mexico (December 31, 2023 – $20.6 million, $8.0 million and $14.4 million, respectively). A reconciliation of the Company’s asset retirement obligations for the six months ended June 30, 2024, and for the year ended December 31, 2023, is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Six months ended | ​ | Year ended
​ | ​ | June 30, 2024 | ​ | December 31, 2023
Reclamation and remediation liabilities, beginning balance | ​ | $ | 43,021 | ​ | $ | 41,846
Settlements | ​ | ​ | (304) | ​ | ​ | (1,358)
Accretion of liability | ​ | ​ | 1,375 | ​ | ​ | 2,536
Revisions to estimates and discount rate | ​ | ​ | 800 | ​ | ​ | (300)
Foreign exchange revaluation | ​ | ​ | (455) | ​ | ​ | 297
Reclamation and remediation liabilities, ending balance | ​ | $ | 44,437 | ​ | $ | 43,021
Less: current portion | ​ | ​ | 2,280 | ​ | ​ | 3,105
Long-term portion | ​ | $ | 42,157 | ​ | $ | 39,916
​ Reclamation expense in the Statement of Operations includes adjustments for updates in the reclamation liability for properties that do not have mineral reserves that conform to guidance under S-K 1300. Reclamation accretion for all properties is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended June 30, | ​ | Six months ended June 30,
​ |  | 2024 | ​ | 2023 | ​ | 2024 | ​ | 2023
Reclamation adjustment reflecting updated estimates | ​ | $ | (688) | ​ | $ | — | ​ | $ | (705) | ​ | $ | 20
Reclamation accretion | ​ | ​ | 685 | ​ | ​ | 620 | ​ | ​ | 1,392 | ​ | ​ | 1,230
Total | ​ | $ | (3) | ​ | $ | 620 | ​ | $ | 687 | ​ | $ | 1,250
​

X
- 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
Name: | us-gaap_AssetRetirementObligationDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EnvironmentalRemediationObligationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration