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RECLAMATION PROVISION

6 Months Ended

Jun. 30, 2021

Note 13 - RECLAMATION PROVISION

13.	RECLAMATION PROVISION
	Management’s estimate of the reclamation provision at June 30, 2021, is $839 (December 31, 2020 - $808), and the undiscounted value of the obligation is $1,285 (December 31, 2020 - $1,275).
	The present value of the obligation was calculated using a risk-free interest rate of 5.96% (December 31, 2020 - 5.96%) and an inflation rate of 3.15% (December 31, 2020 - 3.15%). Reclamation activities are estimated to begin in 2023 for the San Gonzalo Mine and in 2041 for the Avino Mine.
	A reconciliation of the changes in the Company’s reclamation provision for the six months ended June 30, 2021, and the year ended December 31, 2020, is as follows:

		June 30, 2021				December 31, 2020
Balance at beginning of the period		$	808			$	1,524
Changes in estimates			-				(737	)
Unwinding of discount related to continuing operations			23				99
Effect of movements in exchange rates			7				(78	)
Balance at end of the period		$	838			$	808

X

- Definition

The disclosure of provisions. [Refer: Provisions]

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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-URIDate 2020-01-01

+ Details

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