ASSET RETIREMENT OBLIGATIONS

12 Months Ended

Dec. 31, 2024

ASSET RETIREMENT OBLIGATIONS

ASSET RETIREMENT OBLIGATIONS

NOTE 12 ASSET RETIREMENT OBLIGATIONS

The Company is responsible for the reclamation of certain past and future disturbances at its properties. As at December  31, 2024, the asset retirement obligation balances at the properties subject to these obligations were $22.4 million at the Gold Bar, Tonkin and Lookout Mountain properties in Nevada, $16.7 million at the Fox Complex and $7.0 million at the El Gallo mine in Mexico (December 31, 2023 – $20.6 million, $14.4 million and $8.0 million, respectively).

A reconciliation of the Company’s reclamation and remediation liabilities for the years ended December 31, 2024 and 2023, is as follows:

	Year ended December 31,
	2024		2023
Reclamation and remediation liabilities, beginning balance	$	43,021	$	41,846
Acquisitions and divestitures		256		—
Settlements		(740)		(1,358)
Accretion of liability		2,757		2,536
Revisions to estimates and discount rate		1,959		(300)
Foreign exchange revaluation		(1,190)		297
Reclamation and remediation liabilities, ending balance	$	46,063	$	43,021
Less: current portion		4,988		3,105
Long-term portion	$	41,075	$	39,916