Property, Plant and Equipment, Net

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment, Net

Property, Plant, and Equipment, Net

The following table provides the components of Property, plant, and equipment, net (in thousands):

	Depreciation Life or Method	June 30, 2024		December 31, 2023
Production leach pads	Units-of-production	$	11,190	$	11,190
Test leach pads	18 months	6,241		6,241
Process equipment	5 - 15 years	17,628		17,556
Buildings and leasehold improvements	10 years	9,419		9,419
Mine equipment	5 - 7 years	4,750		4,732
Vehicles	3 - 5 years	1,700		1,700
Furniture and office equipment	7 years	713		713
Mineral properties	Units-of-production	50		50
Construction in progress and other		35,476		35,504
		87,167		87,105
Less, accumulated depreciation and amortization		(35,210)		(34,014)
Total		$	51,957	$	53,091

Depreciation expense related to Property, plant, and equipment, net was $0.6 million and $1.2 million for the three and six months ended June 30, 2024, respectively, and $0.7 million and $1.4 million for the three and six months ended June 30, 2023, respectively.