Reclamation and Remediation (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of changes in reclamation and remediation obligations


	2025			2024

	(in thousands)
Reclamation liabilities – balance at beginning of period	$	1,839		$	2,233
Foreign currency exchange loss (gain)		260			(394)
Reclamation liabilities – balance at end of period		2,099			1,839

Asset retirement obligation – balance at beginning of period		8,838			9,562
Changes in estimate ⁽¹⁾		(2,634)			512
Liability for Aquila drillhole plugging		98			(329)
Accretion		499			793
Foreign currency exchange loss (gain)		1,292			(1,700)
Asset retirement obligation – balance at end of period		8,093			8,838
Total period end balance	$	10,192		$	10,677

(1)

In 2025, the Company updated its closure plan study, which resulted in a $2.6 million decrease in the estimated liability and ARO asset. In 2024, the Company updated its closure plan study to include current disturbances, which resulted in a $0.5 million increase in the estimated liability and ARO asset.

Schedule of reclamation and remediation obligations


	As of			As of
	December 31,			December 31,
	2025			2024

	(in thousands)
Current reclamation and remediation liabilities ⁽¹⁾	$	8		$	8
Non-current reclamation and remediation liabilities		10,184			10,669
Total	$	10,192		$	10,677

(1)	The current portion of reclamation and remediation liabilities related to drill hole plugging in Aquila, Michigan, are included in Accrued expenses and other current liabilities. Please see Item 8. Financial Statements—Note 10. Accrued Expenses and Other Liabilities for additional information.

GOLD RESOURCE CORP 10-K