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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 41,133 $ 13,416
Short-term investments 3,095 3,933
Marketable equity securities - note 3 1,104 1,480
Gold and silver bullion (market value - 2012 - $21,397; 2011 - $24,483) - note 4 17,922 22,810
IVA taxes receivable 3,962 2,983
Other inventories 2,379 139
Prepaid and other current assets 3,751 3,122
Total current assets 73,346 47,883
Mineral property interests - note 5 842,732 245,454
Restrictive time deposits for reclamation bonding - note 5 5,190 5,190
Investment in Minera Santa Cruz S.A. - note 6 226,197  
Property and equipment, net - note 7 14,472 11,772
Other assets 56 56
TOTAL ASSETS 1,161,993 310,355
Current liabilities:    
Accounts payable and accrued liabilities 8,678 5,612
Current portion of asset retirement obligation - note 5 458 512
Total current liabilities 9,136 6,124
Asset retirement obligation, less current portion - note 5 5,941 5,741
Deferred income tax liability - note 2 274,630 78,786
Other liabilities 400 400
Total liabilities 290,107 91,051
Shareholders' equity:    
Common stock, no par value, 500,000 shares authorized; Common: 161,839 shares as of March 31, 2012 and 136,572 shares as of December 31, 2011 issued and outstanding Exchangeable: Series B: 103,523 shares as of March 31, 2012 and nil shares as of December 31, 2011 issued and outstanding Exchangeable: Series A: 2,528 shares as of March 31, 2012 and 3,181 shares as of December 31, 2011 issued and outstanding 1,285,991 613,831
Accumulated deficit (412,440) (393,238)
Accumulated other comprehensive loss (1,665) (1,289)
Total shareholders' equity 871,886 219,304
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $ 1,161,993 $ 310,355