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ASSET RETIREMENT OBLIGATIONS | 9 Months Ended
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Sep. 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 September 30, 2024, the asset retirement obligation balances at the properties subject to these obligations were $20.9 million at the Gold Bar, Tonkin and Lookout Mountain properties in Nevada, $15.9 million at the Fox Complex and $7.0 million at the El Gallo mine in Mexico (December 31, 2023 – $20.6 million, $14.4 million and $8.0 million, respectively). A reconciliation of the Company’s asset retirement obligations for the nine months ended September 30, 2024, and for the year ended December 31, 2023, is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Nine months ended | ​ | Year ended
​ | ​ | September 30, 2024 | ​ | December 31, 2023
Reclamation and remediation liabilities, beginning of period | ​ | $ | 43,021 | ​ | $ | 41,846
Acquisitions and divestitures | ​ | ​ | 256 | ​ | ​ | —
Settlements | ​ | ​ | (549) | ​ | ​ | (1,358)
Accretion of liability | ​ | ​ | 2,103 | ​ | ​ | 2,536
Revisions to estimates and discount rate | ​ | ​ | (688) | ​ | ​ | (300)
Foreign exchange revaluation | ​ | ​ | (274) | ​ | ​ | 297
Reclamation and remediation liabilities, end of period | ​ | $ | 43,869 | ​ | $ | 43,021
Less: current portion | ​ | ​ | 2,795 | ​ | ​ | 3,105
Long-term portion | ​ | $ | 41,074 | ​ | $ | 39,916
​ Reclamation accretion for all properties is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended September 30, | ​ | Nine months ended September 30,
​ |  | 2024 | ​ | 2023 | ​ | 2024 | ​ | 2023
Reclamation adjustment reflecting updated estimates | ​ | $ | — | ​ | $ | 136 | ​ | $ | (687) | ​ | $ | 156
Reclamation accretion | ​ | ​ | 729 | ​ | ​ | 624 | ​ | ​ | 2,103 | ​ | ​ | 1,874
Total | ​ | $ | 729 | ​ | $ | 760 | ​ | $ | 1,416 | ​ | $ | 2,030
​

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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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