Provisions

12 Months Ended

Dec. 31, 2021

15. PROVISIONS


	Closure and Decommissioning		Litigation		Total
December 31, 2019	$	188,455	$	6,929	$	195,384
Revisions in estimates and obligations incurred	40,857		—		40,857
Charged (credited) to earnings:
-new provisions	—		2,402		2,402
-change in estimate	—		(1,754)		(1,754)
-exchange gains on provisions	—		(569)		(569)
-utilized in the year	—		(165)		(165)
Reclamation expenditures	(2,462)		—		(2,462)
Accretion expense (Note 22)	8,260		—		8,260
December 31, 2020	$	235,110	$	6,843	$	241,953
Revisions in estimates and obligations incurred	6,278		—		6,278
Charged (credited) to earnings:
-new provisions	—		6,376		6,376
-change in estimate	—		(1,801)		(1,801)
-exchange gains on provisions	—		(389)		(389)
-utilized in the period	—		(5,738)		(5,738)
Reclamation expenditures	(5,997)		—		(5,997)
Accretion expense (Note 22)	7,470		—		7,470
December 31, 2021	$	242,861	$	5,291	$	248,152


Maturity analysis of total provisions:	December 31, 2021		December 31, 2020
Current	$	8,041	$	12,066
Non-Current	240,111		229,887
	$	248,152	$	241,953

Closure and Decommissioning Cost Provision

The total inflated and undiscounted amount of estimated cash flows required to settle the Company’s estimated future closure and decommissioning costs is $413.0 million (2020 - $330.6 million), which has been inflated using inflation rates of between 1% and 5% (2020 – between 0% and 4%). The total provision for closure and decommissioning cost is calculated using discount rates of between 1% and 9% (2020 - between 0% and 8%). Revisions made to the reclamation obligations in 2021 were primarily a result of increased site disturbance at the mines as well as revisions to the estimate based on periodic reviews of closure plans, actual expenditures incurred and concurrent closure activities completed. These obligations will be funded from operating cash flows, reclamation deposits and cash on hand.

The accretion expense charged to 2021 earnings as finance expense was $7.5 million (2020 - $8.3 million). Reclamation expenditures paid during the current year were $6.0 million (2020 - $2.5 million).

Litigation Provision

The litigation provision, as at December 31, 2021 and 2020, consists primarily of amounts accrued for labour claims at several of the Company’s mine operations. The balance of $5.3 million at December 31, 2021 (2020 - $6.8 million) represents the Company’s best estimate for all known and anticipated future obligations related to the above claims. The amount and timing of any expected payments are uncertain as their determination is outside the control of the Company.