Quarterly report pursuant to Section 13 or 15(d)

Assets Held for Sale

v3.21.2
Assets Held for Sale
6 Months Ended
Jun. 30, 2021
Assets Held for Sale  
4. Assets Held for Sale

4.

Assets Held for Sale

 

 

 

A non-core, unpermitted, non-operating property held by Pathfinder Mines Corporation is presently considered to be an asset held for sale. The Company has a plan to sell the asset and is considering an offer consisting of cash and mineral properties. The asset’s mineral property cost and asset retirement obligation as shown in the table below have accordingly been reclassified as assets held for sale and liabilities associated with assets held for sale, respectively, as of June 30, 2021.

 

Assets and liabilities held for sale

 

June 30,

2021

 

 

December 31,

2020

 

 

 

 

 

 

 

 

Assets held for sale

 

 

 

 

 

 

Mineral properties

 

 

2,413

 

 

 

-

 

 

 

 

 

 

 

 

 

 

Liabilities associated with assets held for sale

 

 

 

 

 

 

 

 

Asset retirement obligations

 

 

875

 

 

 

-

 

Net assets held for sale

 

 

1,538

 

 

 

-