Reclamation and Remediation (Tables)

9 Months Ended

Sep. 30, 2024

Reclamation and Remediation

Schedule of changes in reclamation and remediation obligations

	2024		2023
	(in thousands)
Reclamation liabilities – balance at beginning of period	$	2,233	$	1,949
Foreign currency exchange (gain) loss		(311)		284
Reclamation liabilities – balance at end of period		1,922		2,233
Asset retirement obligation – balance at beginning of period (1)		9,562		8,417
Changes in estimate (1)		-		(1,221)
Liability for Aquila drillhole capping		-		404
Accretion		528		689
Foreign currency exchange (gain) loss		(1,331)		1,273
Asset retirement obligation – balance at end of period		8,759		9,562
Total period end balance	$	10,681	$	11,795

(1) In 2023, the Company updated its closure plan study, which resulted in a $1.2 million decrease in the estimated liability and asset retirement costs.