| PROPERTY, PLANT AND EQUIPMENT |
NOTE 4—PROPERTY, PLANT AND EQUIPMENT
Property, plant, and equipment, net consisted
of the following:
| (In thousands) | |
September 30,
2025 | | |
December 31,
2024 | |
| Plant and equipment | |
$ | 373,891 | | |
$ | 331,899 | |
| Mining property and mineral rights | |
| 123,910 | | |
| 120,532 | |
| Construction in process | |
| 17,581 | | |
| 31,048 | |
| Capitalized mine development costs | |
| 216,609 | | |
| 199,595 | |
| Less: accumulated depreciation, depletion, and amortization | |
| (242,821 | ) | |
| (201,055 | ) |
| Total property, plant, and equipment,
net | |
$ | 489,170 | | |
$ | 482,019 | |
Depreciation, depletion, and amortization
included:
| | |
Three months ended
September
30, | | |
Nine months ended
September 30, | |
| (In thousands) | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| Depreciation of plant and equipment | |
$ | 11,031 | | |
$ | 9,519 | | |
$ | 32,289 | | |
$ | 27,408 | |
| Amortization of right of use assets (finance leases) | |
| 2,191 | | |
| 2,648 | | |
| 6,085 | | |
| 8,025 | |
| Amortization and depletion of capitalized
mine development costs and mineral rights | |
| 3,869 | | |
| 5,644 | | |
| 13,297 | | |
| 13,476 | |
| Total depreciation, depletion, and amortization | |
$ | 17,091 | | |
$ | 17,811 | | |
$ | 51,671 | | |
$ | 48,909 | |
|