ASSET RETIREMENT OBLIGATIONS

3 Months Ended

Mar. 31, 2019

NOTE 6 ASSET RETIREMENT OBLIGATIONS

The Company is responsible for reclamation of certain past and future disturbances at its properties. The most significant properties subject to these obligations are the Gold Bar and Tonkin properties in Nevada, the El Gallo Project in Mexico, and the Timmins properties in Canada.

A reconciliation of the Company’s asset retirement obligations for the three months ended March 31, 2019 and for the year ended December 31, 2018 are as follows:


	March 31, 2019		December 31, 2018
Asset retirement obligation liability, beginning of the period	$	29,402	$	24,722
Settlements		(61)		(392)
Accretion of liability		397		1,205
Adjustment reflecting updated estimates		3,428		5,024
Foreign exchange revaluation		301		(1,157)
Asset retirement obligation liability, ending balance	$	33,467	$	29,402
Current portion		(1,087)		(734)
Non-current portion	$	32,380	$	28,668

The Company adjusted its estimated liability in relation to the Gold Bar mine for disturbance caused up to March 31, 2019.