Accounts Payable and Other Accrued Liabilities

3 Months Ended

Mar. 31, 2023

Accounts Payable and Other Accrued Liabilities

Accounts Payable and Other Accrued Liabilities

11. Accounts Payable and Other Accrued Liabilities

The Company’s accounts payable and other accrued liabilities consist of the following:

	March 31,		December 31,
	2023		2022
	(in thousands)
Accounts payable and accruals	$	3,326	$	2,206
Accrued employee compensation and benefits		1,532		1,478
Income taxes payable (Note 15)		76		25
	$	4,934	$	3,709

March 31, 2023

Accounts payable and accruals at March 31, 2023, are primarily related to amounts due to contractors and suppliers in the amounts of $2.6 million related to the Company’s Velardeña and Rodeo properties and $0.7 million related to corporate administrative and exploration activities.

Accrued employee compensation and benefits at March 31, 2023, consist of $0.4 million of accrued vacation payable and $1.1 million related to withholding taxes and benefits payable. Included in the $1.5 million of accrued employee compensation and benefits is $1.3 million related to activities at the Velardeña Properties and Rodeo Property.

December 31, 2022

Accounts payable and accruals at December 31, 2022, are primarily related to amounts due to contractors and suppliers in the amounts of $1.8 million related to the Company’s Velardeña and Rodeo properties and $0.4 million related to corporate administrative and exploration activities.

Accrued employee compensation and benefits at December 31, 2022, consist of $0.4 million of accrued vacation payable and $1.1 million related to withholding taxes and benefits payable. Included in the $1.5 million of accrued employee compensation and benefits is $1.2 million related to activities at the Velardeña Properties and Rodeo Property.