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Property, Plant and Equipment (Details) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Property, plant and equipment    
Operational Mining Properties Gross $ 1,377,235 $ 1,358,189
Mineral Interest 809,912 809,912
Land 9,000 8,318
Buildings and Improvements, Gross [1] 1,416,594 947,435
Property, Plant and Equipment, Gross 3,774,932 3,736,719
Accumulated depreciation and amortization [2] (2,077,005) (2,048,431)
Construction in Progress, Gross [3] 162,191 612,865
Property, plant and equipment and mining properties, net $ 1,697,927 $ 1,688,288
[1] Includes $120.8 million and $127.6 million associated with facilities and equipment assets under finance leases at March 31, 2024 and December 31, 2023, respectively.
[2] Includes $40.1 million and $37.6 million of accumulated amortization related to assets under finance leases at March 31, 2024 and December 31, 2023, respectively.
Commissioning of Rochester’s new three-stage crushing circuit and truck load-out facility was completed on March 7, 2024. The crushing circuit has routinely exceeded 70,000 tons per day since commissioning was completed leading to declaration of commercial production and $528 million of construction in process placed into service during the quarter. Ramp-up to sustained nameplate capacity of 88,000 tons per day remains on schedule for the end of the second quarter.
[3] Includes $18.0 million and $471.7 million of construction costs related to the Rochester Expansion project at March 31, 2024 and December 31, 2023, respectively.