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Property, Plant and Equipment
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT PROPERTY, PLANT AND EQUIPMENT AND MINING PROPERTIES, NET
Property, plant and equipment and mining properties, net consist of the following:
In thousandsDecember 31, 2024December 31, 2023
Mine development$1,502,457 $1,358,189 
Mineral interests833,564 809,912 
Land9,000 8,318 
Facilities and equipment(1)
1,517,170 947,435 
Construction in progress(2)
145,732 612,865 
Total$4,007,923 $3,736,719 
Accumulated depreciation, depletion and amortization(3)
(2,190,307)(2,048,431)
Property, plant and equipment and mining properties, net$1,817,616 $1,688,288 
(1) Includes $170.1 million and $127.6 million associated with facilities and equipment assets under finance leases at December 31, 2024 and December 31, 2023, respectively.
(2) Includes $471.7 million of construction costs related to the Rochester expansion project at December 31, 2023.
(3) Includes $63.3 million and $37.6 million of accumulated amortization related to assets under finance leases at December 31, 2024 and December 31, 2023, respectively.
On July 8, 2024, the Company closed on the purchase of mining concessions adjacent to the Palmarejo mine from a subsidiary of Fresnillo plc. Total consideration under the purchase agreement consisted of a cash payment of approximately $25 million, with $10 million paid at closing, an additional $10 million payable twelve months after closing (“Deferred Cash Due 2025”), and an additional $5 million payable 24 months after closing (“Deferred Cash Due 2026”). The concessions are also subject to an inflation-adjusted royalty payment of $25 per ounce for each new gold-equivalent ounce of resource discovered between 450,000 and two million gold equivalent ounces. This resulted in a $23.7 million increase to Mineral interest and the recognition of $9.3 million of Accrued liabilities and other and $4.4 million of Other long-term liabilities for amounts due after closing.
Commissioning of Rochester’s new three-stage crushing circuit and truck load-out facility was completed on March 7, 2024, leading to declaration of commercial production and $528 million of construction in process placed into service in the first quarter of 2024.