v3.26.3
Reclamation Provision
9 Months Ended
Sep. 30, 2026
Reclamation Provision  
Reclamation Provision

11. Reclamation Provision

 

Management’s estimate of the reclamation provision at September 30, 2026, is $3,100 (December 31, 2025 – $2,921), and the undiscounted value of the obligation is $6,117 (December 31, 2025 – $5,573).

 

The present value of the obligation was calculated using a risk-free interest rate of 9.13% (December 31, 2025 – 9.13%) and an inflation rate of 3.84% (December 31, 2025 – 3.84%). Reclamation activities are estimated to begin in 2028 for the San Gonzalo Mine and in 2043 for the Avino Mine and La Preciosa Mine.

 

A reconciliation of the changes in the Company’s reclamation provision is as follows:

 

 

 

September 30, 2026

 

 

December 31, 2025

 

Balance at beginning of the period

 

$2,921

 

 

$2,062

 

Changes in estimates

 

 

-

 

 

 

349

 

Unwinding of discount

 

 

204

 

 

 

204

 

Effect of movements in exchange rates

 

 

(25)

 

 

306

 

Balance at end of the period

 

$3,100

 

 

$2,921