Reclamation and Remediation

6 Months Ended

Jun. 30, 2015

Reclamation And Remediation

Reclamation And Remediation

11. Reclamation and Remediation

The Company’s reclamation and remediation obligations relate to the Aguila Project. The following table presents the changes in reclamation and remediation obligations for the six months ended June 30, 2015and 2014, respectively:

	2015		2014
	(in thousands)
Reclamation liabilities – balance at beginning of period	$	2,545	$	2,887
Changes in estimate		17		-
Foreign currency exchange (loss) gain		(139)		7
Reclamation liabilities – balance at end of period		2,423		2,894
Asset retirement obligation – balance at beginning of period		448		-
Changes in estimate		(113)		-
Accretion expense		30		-
Foreign currency exchange (loss)		(23)		-
Asset retirement obligation – balance at end of period		342		-
Total period end balance	$	2,765	$	2,894