v3.25.1
ASSET RETIREMENT OBLIGATIONS
3 Months Ended
Mar. 31, 2025
ASSET RETIREMENT OBLIGATIONS  
ASSET RETIREMENT OBLIGATIONS

NOTE 11 ASSET RETIREMENT OBLIGATIONS

The Company is responsible for the reclamation of certain past and future disturbances at its properties. As at March 31, 2025, the asset retirement obligation balances at the properties subject to these obligations were $22.8 million at the Gold Bar, Tonkin and Lookout Mountain properties in Nevada, $17.0 million at the Fox Complex and $6.9 million at the El Gallo mine in Mexico (December 31, 2024 – $22.4 million, $16.7 million and $7.0 million, respectively).

A reconciliation of the Company’s asset retirement obligations for the three months ended March 31, 2025, and for the year ended December 31, 2024, is as follows:

March 31,

December 31,

2025

2024

Reclamation and remediation liabilities, beginning balance

$

46,063

$

43,021

Acquisitions and divestitures

256

Settlements

(118)

(740)

Accretion of liability

760

2,757

Revisions to estimates and discount rate

(2)

1,959

Foreign exchange revaluation

36

(1,190)

Reclamation and remediation liabilities, ending balance

$

46,739

$

46,063

Less: current portion

5,847

4,988

Long-term portion

$

40,892

$

41,075