Quarterly report pursuant to Section 13 or 15(d)

Operating Costs

v3.21.2
Operating Costs
6 Months Ended
Jun. 30, 2021
Operating Costs  
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 consists 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:

   

 

 

 Three months ended

 

 

 Six months ended

 

 

 

June 30,

 

 

June 30,

 

 Operating Costs

 

 2021

 

 

 2020

 

 

 2021

 

 

 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exploration and evaluation

 

 

693

 

 

 

554

 

 

 

1,156

 

 

 

945

 

Development

 

 

333

 

 

 

343

 

 

 

465

 

 

 

616

 

General and administration

 

 

1,628

 

 

 

1,185

 

 

 

2,722

 

 

 

2,439

 

Accretion

 

 

123

 

 

 

145

 

 

 

246

 

 

 

289

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,777

 

 

 

2,227

 

 

 

4,589

 

 

 

4,289