Restricted Cash

3 Months Ended

Mar. 31, 2023

Cash and Cash Equivalents [Abstract]

Restricted Cash

Restricted Cash

The following table provides the components of Restricted cash (in thousands):

	March 31, 2023		December 31, 2022
Reclamation and other surety bond cash collateral	$	34,308	$	33,982

As of March 31, 2023 and December 31, 2022, the Company’s surface management surety bonds totaled $58.7 million, of which $58.3 million secured the financial assurance requirements for the Hycroft Mine. The remaining portion related to the securitization of the financial assurance requirements for the adjacent water supply well field and an exploration project.

During the three months ended March 31, 2023 and 2022, the Company earned $0.3 million and Nil, respectively, of Interest income on a portion of its cash collateral. Interest received on cash collateral balances is restricted as to its use and is included as an increase to Restricted cash with a corresponding recognition of Interest income when earned.