Property, Plant and Equipment |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Property, Plant and Equipment [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PROPERTY, PLANT AND EQUIPMENT | PROPERTY, PLANT AND EQUIPMENT AND MINING PROPERTIES, NET Property, plant and equipment and mining properties, net consist of the following:
(1) Includes $120.8 million and $127.6 million associated with facilities and equipment assets under finance leases at March 31, 2024 and December 31, 2023, respectively. (2) Includes $18.0 million and $471.7 million of construction costs related to the Rochester Expansion project at March 31, 2024 and December 31, 2023, respectively. (3) Includes $40.1 million and $37.6 million of accumulated amortization related to assets under finance leases at March 31, 2024 and December 31, 2023, respectively. Commissioning of Rochester’s new three-stage crushing circuit and truck load-out facility was completed on March 7, 2024. The crushing circuit has routinely exceeded 70,000 tons per day since commissioning was completed leading to declaration of commercial production and $528 million of construction in process placed into service during the quarter. Ramp-up to sustained nameplate capacity of 88,000 tons per day remains on schedule for the end of the second quarter.
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