XML 32 R12.htm IDEA: XBRL DOCUMENT v3.24.0.1
Prepaids and Deposits
 12 Months Ended
Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Prepaids and Deposits Prepaids and Deposits
The following table provides the components of Prepaids and deposits (in thousands):
Year Ended December 31,
20232022
Current prepaids and deposits:
Prepaids:
Insurance$1,631 $1,221 
Mining claims400 400 
Permitting fees95 95 
Surety bond fees643 446 
License fees280 287 
Other73 154 
Deposits204 238 
Total current prepaids and deposits$3,326 $2,840 
Non-current prepaids:
Insurance$947 $— 
Royalty – advance payment on Crofoot Royalty600 600 
Total non-current prepaids$1,547 $600 
Royalty – advance payment
As of December 31, 2023 and 2022, royalty-advance payments included annual advance payments for a portion of the Hycroft Mine that is subject to a mining lease requiring a 4% net profit royalty be paid to the previous owners of certain patented and unpatented mining claims. See Note 24 – Commitments and Contingencies for further detail.
Insurance – non-current
During the year ended December 31, 2023, the Company purchased directors and officers insurance that extends coverage through September 2025.