Annual report pursuant to Section 13 and 15(d)

Operating Costs

v3.20.4
Operating Costs
12 Months Ended
Dec. 31, 2020
Operating Costs  
Note 16 Operating Costs

16.

Operating Costs

 

Operating expenses include exploration and evaluation expense, development expense, General and Administration (“G&A”) expense, and mineral property write-offs. Exploration and evaluation expense consist of labor and the associated costs of the exploration and evaluation departments as well as land holding and exploration costs including drilling and analysis on properties which have not reached the permitting or operations stage. Development expense relates to properties that have reached the permitting or operations stage and include costs associated with exploring, delineating, and permitting a property.  Once permitted development expense also includes the costs associated with the construction and development of the permitted property that are otherwise not eligible to be capitalized.  G&A expense relates to the administration, finance, investor relations, land, and legal functions, and consists principally of personnel, facility, and support costs.

 

Operating costs consist of the following:

 

 

 

Year ended

 

 

 

December 31,

 

Operating Costs

 

2020

 

 

2019

 

 

2018

 

 

 

 

 

 

 

 

 

 

 

Exploration and evaluation

 

 

1,816

 

 

 

2,476

 

 

 

2,431

 

Development

 

 

1,097

 

 

 

1,404

 

 

 

1,654

 

General and administration

 

 

5,200

 

 

 

5,801

 

 

 

5,393

 

Accretion

 

 

576

 

 

 

577

 

 

 

508

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8,689

 

 

 

10,258

 

 

 

9,986