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Other Liabilities
9 Months Ended
Sep. 30, 2019
Other Liabilities [Abstract]  
Other Liabilities

13.     Other Liabilities

 

Other Current Liabilities

 

Included in other current liabilities for the period ended September 30, 2019 is a $1.5 million liability related to the deposit received for the proposed sale of our Velardeña Properties and other mineral concessions to Autlán (see Note 1).  As a result of termination of the Agreement, the Company is required to repay the $1.5 million deposit amount, plus interest at 3% per annum on or before the Due Date and if such deposit is not repaid then the Company shall convey the Rodeo concessions to Autlán in full settlement of the deposit. If the Rodeo concessions cannot be conveyed for any reason (as determined by Autlán in its reasonable discretion), the Company will be required to repay the deposit by making dedicated monthly payments equal to approximately 60 percent of the anticipated cash flow from the lease of the Velardeña oxide plant until the deposit amount is repaid with interest at approximately 11% per annum.

 

Also included in other current liabilities is approximately $0.1 million related to a lease liability for office space at the Company’s principal headquarters in Golden and in Mexico and Argentina (see Note 5).

 

Other Long-Term Liabilities

 

Other long-term liabilities of $0.4 million for the period ended September 30, 2019 is primarily related to a lease liability for office space at the Company’s principal headquarters in Golden (see Note 5).