Plant and Equipment, Net

6 Months Ended

Jun. 30, 2022

Property, Plant and Equipment [Abstract]

Plant and Equipment, Net

Plant and Equipment, Net

The following table provides the components of Plant and equipment, net (dollars in thousands):

	Depreciation Life or Method	June 30, 2022		December 31, 2021
Production leach pads	Units-of-production	$	11,190	$	11,190
Test leach pads	18 months	6,241		6,241
Process equipment	5 - 15 years	17,712		17,735
Buildings and leasehold improvements	10 years	9,280		9,280
Mine equipment	5 - 7 years	6,025		6,224
Vehicles	3 - 5 years	1,454		1,454
Furniture and office equipment	7 years	365		330
Construction in progress and other		35,613		35,794
		$	87,880	$	88,248
Less, accumulated depreciation and amortization		(31,198)		(29,764)
Total		$	56,682	$	58,484

During the three and six months ended June 30, 2022, there were no events or changes in circumstances that would have required the Company to evaluate the current carrying value of its Plant and equipment, net for recoverability. Depreciation expense related to Plant and equipment, net was $0.9 million and $1.9 million for the three and six months ended June 30, 2022, respectively, and $2.3 million and $3.4 million for the three and six months ended June 30, 2021, respectively.