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ASSET RETIREMENT OBLIGATIONS (Tables)
12 Months Ended
Dec. 31, 2022
ASSET RETIREMENT OBLIGATIONS  
Schedule of activity affecting the asset retirement and mine closing liability

Year Ended December 31, 

 

    

2022

    

2021

 

(in thousands)

Beginning balance

$

131,099

$

127,898

Accretion expense

 

3,731

 

3,688

Payments

 

(2,445)

 

(1,383)

Allocation of liability associated with mine development and change in assumptions

 

17,428

 

896

Ending balance

$

149,813

$

131,099

Schedule of estimated payments of asset retirement obligations

Year Ended

December 31, 

    

(in thousands)

 

2023

$

7,559

2024

 

4,936

2025

 

1,935

2026

 

1,569

2027

 

3,182

Thereafter

 

241,065

Aggregate undiscounted asset retirement obligations

 

260,246

Effect of discounting

 

(110,433)

Total asset retirement obligations

 

149,813

Less: current portion

 

(7,559)

Non-current asset retirement obligations

$

142,254