| Property, Plant and Mine Development, net |
8. Property, Plant and Mine Development, net At March 31, 2026 and December 31, 2025, property, plant and mine development consisted of the following: | | | | | | | | | March 31, | | December 31, | | | 2026 | | 2025 | | | | (in thousands) | Asset retirement costs | | $ | 7,665 | | $ | 7,665 | Construction-in-progress | | | 6,074 | | | 15,282 | Furniture and office equipment | | | 908 | | | 865 | Leach pad and ponds | | | 3,732 | | | 3,732 | Land | | | 71 | | | 71 | Light vehicles and other mobile equipment | | | 523 | | | 523 | Machinery and equipment | | | 47,016 | | | 37,819 | Process facilities and infrastructure | | | 10,875 | | | 10,667 | Mineral interests and mineral rights | | | 19,828 | | | 19,828 | Mine development | | | 24,364 | | | 24,364 | Software and licenses | | | 346 | | | 346 | Subtotal (1) | | | 121,402 | | | 121,162 | Accumulated depreciation and amortization | | | (76,950) | | | (74,949) | Total | | $ | 44,452 | | $ | 46,213 |
| (1) | Includes capital expenditures in accounts payable of $0.2 million and $0.5 million at March 31, 2026 and December 31, 2025, respectively. |
For the three months ended March 31, 2026 and 2025, the Company recorded depreciation and amortization expense of $0.3 million and $0.9 million, respectively.
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