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Asset Retirement Obligations
 3 Months Ended
Mar. 31, 2015
Asset Retirement Obligation Disclosure [Abstract]  
Asset Retirement Obligations

5. ASSET RETIREMENT OBLIGATIONS

 

The following table summarizes the changes in the reserve for future restoration and reclamation costs on the balance sheet:

 

    March 31, 2015     December 31, 2014  
             
Balance, beginning of period   $ 4,196     $ 3,834  
Changes in cash flow estimates     -       136  
Costs incurred     (48 )     (199 )
Accretion expense     112       425  
Balance, end of period     4,260       4,196  
Less: Current portion     (197 )     (196 )
Non-current Portion   $ 4,063     $ 4,000  

 

The Company is currently performing plugging and abandonment activities at its Rosita project. The Company’s current liability of $197 consists of the estimated costs associated with current plugging and abandonment activities and planned surface reclamation activities through March 2016 at the Company’s Rosita project.