Quarterly report pursuant to Section 13 or 15(d)

Operating Costs

v3.21.1
Operating Costs
3 Months Ended
Mar. 31, 2021
Operating Costs  
15. Operating Costs

15.

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

 

 

 

March 31,

 

Operating Costs

 

2021

 

 

2020

 

 

 

 

 

 

 

 

Exploration and evaluation

 

 

463

 

 

 

391

 

Development

 

 

132

 

 

 

273

 

General and administration

 

 

1,094

 

 

 

1,253

 

Accretion

 

 

123

 

 

 

145

 

 

 

 

 

 

 

 

 

 

 

 

 

1,812

 

 

 

2,062