v3.26.1
RECLAMATION AND REMEDIATION LIABILITIES
3 Months Ended
Mar. 31, 2026
RECLAMATION AND REMEDIATION LIABILITIES  
RECLAMATION AND REMEDIATION LIABILITIES

NOTE 11 RECLAMATION AND REMEDIATION LIABILITIES

The Company is responsible for the reclamation of certain past and future disturbances at its properties. As at March 31, 2026, the reclamation and remediation liability balances at the properties subject to these obligations were $21.1 million at the Gold Bar, Tonkin and Lookout Mountain properties in Nevada, $18.5 million at the Fox Complex and $6.3 million at the El Gallo mine in Mexico (December 31, 2025 – $20.8 million, $18.6 million and $6.4 million, respectively).

A reconciliation of the Company’s reclamation and remediation liabilities for the three months ended March 31, 2026, and for the year ended December 31, 2025, is as follows:

March 31,

December 31,

2026

2025

Reclamation and remediation liabilities, beginning balance

$

45,857

$

46,063

Settlements

(253)

(2,705)

Accretion of liability

722

3,019

Revisions to estimates and discount rate

(10)

(1,364)

Foreign exchange revaluation

(358)

844

Reclamation and remediation liabilities, ending balance

$

45,958

$

45,857

Less: current portion

7,321

6,473

Long-term portion

$

38,637

$

39,384