XML 30 R19.htm IDEA: XBRL DOCUMENT v3.23.2
Asset Retirement Obligation
 6 Months Ended
Jun. 30, 2023
Asset Retirement Obligation Disclosure [Abstract]  
Asset Retirement Obligation Asset Retirement Obligation
The following table summarizes changes in the Company’s Asset retirement obligation (“ARO”) (in thousands):
June 30, 2023December 31, 2022
Balance, beginning of period$10,302 $5,193 
Accretion 372 408 
Change in estimates— 4,701 
Balance, end of period$10,674 $10,302 
During the three and six months ended June 30, 2023, the Company did not incur additional reclamation obligations associated with additional disturbances, other regulatory requirements, or changes in estimates. The Company estimates that no significant reclamation expenditures associated with the ARO will be made until 2024 and that reclamation work will be completed by the end of 2065. During the three and six months ended June 30, 2023, there were no events or changes to the Company’s regulatory environment or new or additional disturbances that would require a change to the Company’s ARO due to changes in estimates. As a result, the Company did not record any adjustments to the ARO.