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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2018
Business Combinations [Abstract] |
Schedule of Purchase Price and Acquired Assets and Liabilities | The allocation of purchase price to the acquired assets and liabilities assumed at December 31, 2017 was preliminary. The Company completed its review of the valuation methodologies used to estimate the fair value of property, plant and equipment and mining properties in 2018. The final purchase price allocation resulted in an increase to property, plant and equipment and deferred income tax liabilities of $6.6 million and $3.2 million, respectively, and a decrease to mining properties, net of $3.4 million. The final purchase price allocation is as follows (in thousands):
Common shares issued (4,191,679 at $8.59) | $ | 36,007 |
Cash | 153,194 |
Contingent consideration | 47,705 |
Total purchase price(1) | $ | 236,906 |
Assets: |
Receivables and other assets | $ | 6,828 |
Property, plant, and equipment | 36,568 |
Mining properties, net | 285,054 |
| 328,450 |
Liabilities: |
Accounts payable and accrued liabilities | 13,068 |
Asset retirement obligation | 6,982 |
Debt and capital lease | 20,149 |
Deferred income taxes | 51,345 |
| 91,544 |
Net assets acquired | $ | 236,906 |
(1) Purchase price has been adjusted for restricted cash acquired due to the adoption of ASU 2016-01. The purchase price and acquired assets and liabilities were as follows (in thousands except share data):
Common shares issued (4,268,703 at $4.40) | $ | 18,782 |
Transaction advisory fees and other acquisition costs | 246 |
Total purchase price | $ | 19,028 |
Assets: |
Prepaid expenses and other | 527 |
Mining properties, net | 18,501 |
Net assets acquired | $ | 19,028 |
Total consideration and acquired assets and liabilities were as follows (in thousands except share data):
Common shares issued (12,122,683 at $5.27) | $ | 63,887 |
Fair value of existing investment in Northern Empire | 7,257 |
Transaction advisory fees and other acquisition costs | 2,449 |
Total consideration | 73,593 |
Assets: |
Cash | 5,309 |
Receivables and other current assets | 465 |
Restricted assets | 4,300 |
Property, plant, and equipment | 1,351 |
Mining properties, net | 99,515 |
Deferred income taxes | 587 |
| 111,527 |
Liabilities: |
Accounts payable and accrued liabilities | 10,895 |
Reclamation liabilities | 2,659 |
Deferred income taxes | 24,380 |
| 37,934 |
Net assets acquired | $ | 73,593 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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