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CAPITAL LEASES
6 Months Ended
Jun. 30, 2018
CAPITAL LEASES  
CAPITAL LEASES

NOTE 15   CAPITAL LEASES

 

As a part of the Black Fox acquisition in 2017, the Company acquired certain capital lease obligations related to the use of mining equipment at the Black Fox mine. This equipment continues to be reported as a part of the Company’s property, plant and equipment with amortization booked on a straight-line basis over the estimated useful life of the asset. The following table summarizes the balances of the capital lease obligations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

 

    

Interest Rates

    

Maturities

    

2018

    

2017

Capital Lease Obligations

 

4.74 -10.09%

 

2018 - 2019

 

$

248

 

$

551

Less current portion

 

 

 

 

 

 

248

 

 

470

Long-term capital lease obligations

 

 

 

 

 

$

 -

 

$

81