Accounts Payable and Other Accrued Liabilities

3 Months Ended

Mar. 31, 2021

Accounts Payable and Other Accrued Liabilities

Accounts Payable and Other Accrued Liabilities

9.     Accounts Payable and Other Accrued Liabilities

The Company’s accounts payable and other accrued liabilities consist of the following:

	March 31,		December 31,
	2021		2020
	(in thousands)
Accounts payable and accruals	$	1,380	$	472
Accrued employee compensation and benefits		910		846
	$	2,290	$	1,318

March 31, 2021

Accounts payable and accruals at March 31, 2021 are primarily related to amounts due to contractors and suppliers, denominated in US dollars, in the amounts of $1.2 million related to the Company’s Velardeña Properties and Rodeo operation and $0.2 million related to exploration and corporate administrative activities.

Accrued employee compensation and benefits at March 31, 2021 consist of $0.3 million of accrued vacation payable and $0.6 million related to withholding taxes and benefits payable. Included in the $0.9 million of accrued employee compensation and benefits is $0.7 million related to activities at the Velardeña Properties.

December 31, 2020

Accounts payable and accruals at December 31, 2020 are primarily related to amounts due to contractors and suppliers, denominated in US Dollars, in the amounts of $0.3 million related to the Company’s Velardeña and Rodeo properties and $0.2 million related to corporate administrative and exploration activities.

Accrued employee compensation and benefits at December 31, 2020 consist of $0.3 million of accrued vacation payable and $0.5 million related to withholding taxes and benefits payable. Included in the $0.8 million of accrued employee compensation and benefits is $0.6 million related to activities at the Velardeña and Rodeo Properties.