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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
REVENUE    
Income on investment in Minera Santa Cruz S.A. $ 4,002  
Amortization of fair value increments (2,804)  
Total Revenue 1,198  
COSTS AND EXPENSES    
General and administrative 4,727 1,376
Acquisition costs 1,395  
Property holding costs 1,573 953
Exploration costs 11,784 6,909
Mine construction and development costs 4,363  
Accretion of asset retirement obligation 112 129
Depreciation 221 120
Gain on sale of assets (2) (10)
Total costs and expenses 24,173 9,477
Operating loss (22,975) (9,477)
OTHER INCOME (EXPENSE)    
Interest income 125 9
Interest expense   (11)
Gain on sale of gold and silver bullion - note 4 1,408 524
Foreign currency (loss) gain (33) 221
Total other income 1,500 743
Loss before income taxes (21,475) (8,734)
Recovery of income taxes 2,273  
Net loss (19,202) (8,734)
OTHER COMPREHENSIVE LOSS    
Unrealized (loss) gain on available-for-sale securities, net of taxes (376) 597
Comprehensive loss $ (19,578) $ (8,137)
Basic and diluted per share data:    
Net loss - basic and diluted (in dollars per share) $ (0.08) $ (0.07)
Weighted average common shares outstanding:    
- basic (in shares) 233,994 128,914
- diluted (in shares) 233,994 128,914