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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 13,416 $ 6,818
Short-term investments 3,933  
Marketable equity securities - note 2 1,480 4,576
Gold and silver bullion (market value - 2011 - $24,483; 2010 - $6,241) - note 3 22,810 4,569
Other current assets 6,244 1,259
Total current assets 47,883 17,222
Mineral property interests - note 4 245,454 235,153
Restrictive time deposits for reclamation bonding - note 4 5,190 4,777
Property and equipment, net - note 6 11,772 4,391
Other assets 56 82
TOTAL ASSETS 310,355 261,625
Current liabilities:    
Accounts payable and accrued liabilities 5,612 2,718
Current portion of asset retirement obligation - note 4 512 461
Current deferred income tax liability - note 7   393
Other current liabilities - note 7   108
Total current liabilities 6,124 3,680
Asset retirement obligation, less current portion - note 4 5,741 5,692
Deferred income tax liability - note 7 78,786 78,573
Other liabilities 400 400
Total liabilities 91,051 88,345
Shareholders' equity:    
Common stock, no par value, 250,000 shares authorized; Common: 136,572 shares as of December 31, 2011 and 117,717 shares as of December 31, 2010 issued and outstanding Exchangeable: 3,181 shares as of December 31, 2011 and 4,469 shares as of December 31, 2010 issued and outstanding 613,831 504,389
Accumulated deficit (393,238) (331,366)
Accumulated other comprehensive (loss) income (1,289) 257
Total shareholders' equity 219,304 173,280
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $ 310,355 $ 261,625