v3.26.1
Asset Retirement Obligations
12 Months Ended
Dec. 31, 2025
Asset Retirement Obligations  
Asset Retirement Obligations

7. Asset Retirement Obligations

 

The Company has established asset retirement obligations associated with the ultimate closing of its mineral properties where there has been or currently is operations. Obligations were established for the New Jersey Mill in 2014 and the Golden Chest in 2016. Activity for the years ended December 31, 2025 and 2024 is as follows:

 

 

 

2025

 

 

2024

 

 

 

 

 

 

 

 

Balance at January 1

 

$305,409

 

 

$286,648

 

Accretion expense

 

 

20,042

 

 

 

18,761

 

Balance at December 31

 

$325,451

 

 

$305,409