Long-Term Reclamation Liability

9 Months Ended

Sep. 30, 2020

Asset Retirement Obligation Disclosure [Abstract]

Long-Term Reclamation Liability

Long-Term Reclamation Liability

Following is a reconciliation of the Company's aggregate reclamation liability, including asset retirement obligations, associated with our reclamation plan for our mining projects:

	Nine Months Ended		Twelve Months Ended
	September 30, 2020		December 31, 2019
Long-term reclamation liability — beginning of period	$	6,034,208	$	7,441,091
Reduction of obligation	—		(410,018)
Amount reclassified to liabilities held for sale	—		(1,019,705)
Accretion of reclamation liability	15,533		22,840
Long-term reclamation liability — end of period	$	6,049,741	$	6,034,208

Reclamation Liability Reduction by NDEP

On April 30, 2019, the Company was notified by the Nevada Division of Environmental Protection ("NDEP") that the Company's successful reclamation of parts of the Lucerne mine area had reduced the Lucerne project reclamation cost estimate with an updated reclamation bond requirement of $6.8 million. Our total reclamation liability also includes cost estimates for our Dayton project and enhanced reclamation obligations in Storey County, Nevada.