Asset Retirement Obligation and Accrued Reclamation Costs

12 Months Ended

Dec. 31, 2021

Asset Retirement Obligation and Accrued Reclamation Costs

Asset Retirement Obligation and Accrued Reclamation Costs

6. Asset Retirement Obligation and Accrued Reclamation Costs

Changes to the asset retirement obligation balance during 2021 and 2020 are as follows:

Asset Retirement Obligation
Balance December 31, 2019	$	176,368
Accretion during 2020		7,851
Balance December 31, 2020		184,219
Accretion during 2021		6,930
Balance December 31, 2021	$	191,149

The Company’s total asset retirement obligation and accrued reclamation costs of $298,649 and $291,719, at December 31, 2021 and 2020, respectively, include reclamation obligations for the Idaho and Montana operations of $107,500.