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Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

The following table sets forth additional compensation information of our CEO (sometimes referred to as “PEO” for purposes of this section) and our other NEOs along with TSR, net income, and adjusted EBITDA performance results for our fiscal years ended 2023, 2022, 2021, and 2020. The calculations and analysis below do not necessarily reflect the Company’s approach to aligning executive compensation with performance. For information concerning the Company’s compensation philosophy and how the Company aligns executive compensation with Company performance, refer to the CD&A beginning on page 51.

															Value of Initial Fixed $100 Investment Based On:
Year (a)			Summary Compensation Table Total for PEO⁽¹⁾ (b)			Compensation Actually Paid to PEO⁽²⁾ (c)			Average Summary Compensation Table Total for non-PEO NEOs⁽³⁾ (d)			Average Compensation Actually Paid to non- PEO NEOs⁽²⁾⁽³⁾ (e)			Total Stockholder Return⁽⁴⁾ (f)			Peer Group Total Stockholder Return⁽⁴⁾ (g)			Net Income (h)			Adjusted EBITDA (Company Selected Measure)⁽⁵⁾ (i)
2023			$4,108,972			$3,852,029			$1,722,556			$1,595,045			$40			$113			($103,612,000)			$142,302,000
2022			$3,905,654			$2,406,554			$1,558,682			$1,028,030			$42			$102			($78,107,000)			$138,954,000
2021			$3,703,859			$2,672,360			$1,479,751			$1,177,195			$62			$112			($31,322,000)			$216,112,000
2020			$4,078,908			$6,765,818			$1,546,507			$2,652,357			$128			$124			$25,627,000			$263,565,000

1.	In all the years in question, Mitchell J. Krebs was our Chief Executive Officer.

2.

The following tables set forth the adjustments made during each year represented in the pay versus performance (“PVP”) table to arrive at CAP to our PEO and average CAP to our other NEOs during each of the years in question. The equity award adjustments to arrive at “Compensation Actually Paid” or “CAP” for each applicable year were calculated consistent with FASB ASC 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.

						PEO			Average Non-PEO
Total Reported in 2023 Summary Compensation Table (SCT)						$4,108,972			$1,722,556
			Less, value of Stock Awards reported in SCT			$2,215,262			$828,550
			Plus, Year-End Fair Value of Awards Granted in the Fiscal Year that are Unvested and Outstanding			$2,341,684			$875,834
			Plus, Change in Fair Value of Prior Year Awards that are Outstanding and Unvested			($269,558)			($135,592)
			Plus, FMV of Awards Granted this Year and that Vested this Year			—			—
			Plus, Change in Fair Value (from prior year-end to vesting date) of Prior Year Awards that Vested during the Fiscal Year			($113,807)			($39,202)
			Less Prior Year Fair Value of Prior Year awards that Failed to vest this year			—			—
Total Adjustments						($256,943)			($127,510)
Compensation Actually Paid for Fiscal Year 2023						$3,852,029			$1,595,045

3.

During 2023 and 2022, our non-PEO NEOs consisted of Thomas S. Whelan, Michael Routledge, Casey M. Nault and Emilie C. Schouten. During 2021, our non-PEO NEOs consisted of Thomas S. Whelan, Michael Routledge, Casey M. Nault, Terrence F. Smith, and Hans J. Rasmussen. During 2020, our non-PEO NEOs consisted of Thomas S. Whelan, Michael Routledge, Casey M. Nault and Hans J. Rasmussen. Mr. Smith departed the Company effective August 27, 2021 and Mr. Rasmussen retired from his position as Senior Vice President, Exploration, effective March 31, 2022.

4.

Company and peer group TSR reflects the Company’s “TSR peer group” as reflected in our 2023 Annual Report on Form 10-K pursuant to Item 201(e) of Regulation S-K. Each year reflects what the cumulative value of $100 would be, including reinvestment of dividends, if such amount were invested on December 31, 2019.

5.

Adjusted EBITDA, a non-GAAP financial reporting measure, is used by the Company to evaluate operating performance of our core mining business and allows investors and analysts to compare results of the Company to similar results of other mining companies. For a reconciliation of Adjusted EBITDA to net income, please refer to the tables in the Appendix.

Company Selected Measure Name

Adjusted EBITDA

Named Executive Officers, Footnote

1.	In all the years in question, Mitchell J. Krebs was our Chief Executive Officer.

3.

During 2023 and 2022, our non-PEO NEOs consisted of Thomas S. Whelan, Michael Routledge, Casey M. Nault and Emilie C. Schouten. During 2021, our non-PEO NEOs consisted of Thomas S. Whelan, Michael Routledge, Casey M. Nault, Terrence F. Smith, and Hans J. Rasmussen. During 2020, our non-PEO NEOs consisted of Thomas S. Whelan, Michael Routledge, Casey M. Nault and Hans J. Rasmussen. Mr. Smith departed the Company effective August 27, 2021 and Mr. Rasmussen retired from his position as Senior Vice President, Exploration, effective March 31, 2022.

Peer Group Issuers, Footnote

4.

Company and peer group TSR reflects the Company’s “TSR peer group” as reflected in our 2023 Annual Report on Form 10-K pursuant to Item 201(e) of Regulation S-K. Each year reflects what the cumulative value of $100 would be, including reinvestment of dividends, if such amount were invested on December 31, 2019.

PEO Total Compensation Amount

$ 4,108,972

$ 3,905,654

$ 3,703,859

$ 4,078,908

PEO Actually Paid Compensation Amount

$ 3,852,029

2,406,554

2,672,360

6,765,818

Adjustment To PEO Compensation, Footnote

2.

The following tables set forth the adjustments made during each year represented in the pay versus performance (“PVP”) table to arrive at CAP to our PEO and average CAP to our other NEOs during each of the years in question. The equity award adjustments to arrive at “Compensation Actually Paid” or “CAP” for each applicable year were calculated consistent with FASB ASC 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.

						PEO			Average Non-PEO
Total Reported in 2023 Summary Compensation Table (SCT)						$4,108,972			$1,722,556
			Less, value of Stock Awards reported in SCT			$2,215,262			$828,550
			Plus, Year-End Fair Value of Awards Granted in the Fiscal Year that are Unvested and Outstanding			$2,341,684			$875,834
			Plus, Change in Fair Value of Prior Year Awards that are Outstanding and Unvested			($269,558)			($135,592)
			Plus, FMV of Awards Granted this Year and that Vested this Year			—			—
			Plus, Change in Fair Value (from prior year-end to vesting date) of Prior Year Awards that Vested during the Fiscal Year			($113,807)			($39,202)
			Less Prior Year Fair Value of Prior Year awards that Failed to vest this year			—			—
Total Adjustments						($256,943)			($127,510)
Compensation Actually Paid for Fiscal Year 2023						$3,852,029			$1,595,045

Non-PEO NEO Average Total Compensation Amount

$ 1,722,556

1,558,682

1,479,751

1,546,507

Non-PEO NEO Average Compensation Actually Paid Amount

$ 1,595,045

1,028,030

1,177,195

2,652,357

Adjustment to Non-PEO NEO Compensation Footnote

2.

The following tables set forth the adjustments made during each year represented in the pay versus performance (“PVP”) table to arrive at CAP to our PEO and average CAP to our other NEOs during each of the years in question. The equity award adjustments to arrive at “Compensation Actually Paid” or “CAP” for each applicable year were calculated consistent with FASB ASC 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.

						PEO			Average Non-PEO
Total Reported in 2023 Summary Compensation Table (SCT)						$4,108,972			$1,722,556
			Less, value of Stock Awards reported in SCT			$2,215,262			$828,550
			Plus, Year-End Fair Value of Awards Granted in the Fiscal Year that are Unvested and Outstanding			$2,341,684			$875,834
			Plus, Change in Fair Value of Prior Year Awards that are Outstanding and Unvested			($269,558)			($135,592)
			Plus, FMV of Awards Granted this Year and that Vested this Year			—			—
			Plus, Change in Fair Value (from prior year-end to vesting date) of Prior Year Awards that Vested during the Fiscal Year			($113,807)			($39,202)
			Less Prior Year Fair Value of Prior Year awards that Failed to vest this year			—			—
Total Adjustments						($256,943)			($127,510)
Compensation Actually Paid for Fiscal Year 2023						$3,852,029			$1,595,045

Compensation Actually Paid vs. Total Shareholder Return

PVP Descriptive Disclosure

We believe compensation actually paid (“CAP”), in each of the years reported above in the Pay-Versus-Performance (“PVP”) table and over the three-year cumulative period are reflective of the CLD Committee’s emphasis on “pay-for-performance”, as CAP fluctuated year-over-year, primarily due to our stock price performance and our varying levels of achievement against pre-established performance goals under our AIP and LTIP Programs.

The following graphs compare CAP to (1) company and peer group TSR (represented by the NYSE Arca Gold Miners Index), (2) Net Income and (3) Adjusted EBITDA.

Compensation Actually Paid vs. Net Income

PVP Descriptive Disclosure

We believe compensation actually paid (“CAP”), in each of the years reported above in the Pay-Versus-Performance (“PVP”) table and over the three-year cumulative period are reflective of the CLD Committee’s emphasis on “pay-for-performance”, as CAP fluctuated year-over-year, primarily due to our stock price performance and our varying levels of achievement against pre-established performance goals under our AIP and LTIP Programs.

The following graphs compare CAP to (1) company and peer group TSR (represented by the NYSE Arca Gold Miners Index), (2) Net Income and (3) Adjusted EBITDA.

Compensation Actually Paid vs. Company Selected Measure

PVP Descriptive Disclosure

We believe compensation actually paid (“CAP”), in each of the years reported above in the Pay-Versus-Performance (“PVP”) table and over the three-year cumulative period are reflective of the CLD Committee’s emphasis on “pay-for-performance”, as CAP fluctuated year-over-year, primarily due to our stock price performance and our varying levels of achievement against pre-established performance goals under our AIP and LTIP Programs.

The following graphs compare CAP to (1) company and peer group TSR (represented by the NYSE Arca Gold Miners Index), (2) Net Income and (3) Adjusted EBITDA.

Total Shareholder Return Vs Peer Group

PVP Descriptive Disclosure

We believe compensation actually paid (“CAP”), in each of the years reported above in the Pay-Versus-Performance (“PVP”) table and over the three-year cumulative period are reflective of the CLD Committee’s emphasis on “pay-for-performance”, as CAP fluctuated year-over-year, primarily due to our stock price performance and our varying levels of achievement against pre-established performance goals under our AIP and LTIP Programs.

The following graphs compare CAP to (1) company and peer group TSR (represented by the NYSE Arca Gold Miners Index), (2) Net Income and (3) Adjusted EBITDA.

Tabular List, Table

Additional Performance Measures

The following performance measures reflect the Company’s most important performance measures used to link compensation actually paid to NEOs to performance in 2023, as further described and defined in the CD&A.

Adjusted EBITDA

ROIC

Production

Costs Applicable to Sales

Growth in Reserves and Resources

Environmental, Health and Safety Performance

rTSR

Total Shareholder Return Amount

$ 40

42

62

128

Peer Group Total Shareholder Return Amount

113

102

112

124

Net Income (Loss)

$ (103,612,000)

$ (78,107,000)

$ (31,322,000)

$ 25,627,000

Company Selected Measure Amount

142,302,000

138,954,000

216,112,000

263,565,000

Mitchell J. Krebs

Mitchell J. Krebs

Mitchell J. Krebs

Mitchell J. Krebs

Pay vs Performance Disclosure

Adjusted EBITDA

Non-GAAP Measure Description

5.

Adjusted EBITDA, a non-GAAP financial reporting measure, is used by the Company to evaluate operating performance of our core mining business and allows investors and analysts to compare results of the Company to similar results of other mining companies. For a reconciliation of Adjusted EBITDA to net income, please refer to the tables in the Appendix.

Pay vs Performance Disclosure

ROIC

Pay vs Performance Disclosure

Production

Pay vs Performance Disclosure

Costs Applicable to Sales

Pay vs Performance Disclosure

Growth in Reserves and Resources

Pay vs Performance Disclosure

Environmental, Health and Safety Performance

Pay vs Performance Disclosure

rTSR

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ (256,943)

PEO | Value of Stock Awards Reported in SCT [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(2,215,262)

PEO | Year-End Fair Value of Awards Granted in the Fiscal Year that are Unvested and Outstanding [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

2,341,684

PEO | Change in Fair Value of Prior Year Awards that are Outstanding and Unvested [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(269,558)

PEO | FMV of Awards Granted this Year and that Vested this Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

PEO | Change in Fair Value (from Prior Year-End to Vesting Date) of Prior Year Awards that Vested During the Fiscal Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(113,807)

PEO | Prior Year Fair Value of Prior Year Awards that Failed to Vest this Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(127,510)

Non-PEO NEO | Value of Stock Awards Reported in SCT [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(828,550)

Non-PEO NEO | Year-End Fair Value of Awards Granted in the Fiscal Year that are Unvested and Outstanding [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

875,834

Non-PEO NEO | Change in Fair Value of Prior Year Awards that are Outstanding and Unvested [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(135,592)

Non-PEO NEO | FMV of Awards Granted this Year and that Vested this Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

Non-PEO NEO | Change in Fair Value (from Prior Year-End to Vesting Date) of Prior Year Awards that Vested During the Fiscal Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(39,202)

Non-PEO NEO | Prior Year Fair Value of Prior Year Awards that Failed to Vest this Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 0