XML 38 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 23,398 $ 13,416
Short-term investments   3,933
Marketable equity securities - note 3 486 1,480
Gold and silver bullion (market value - 2012 - $13,994; 2011 - $24,483) - note 4 12,963 22,810
IVA taxes receivable 6,068 2,983
Other inventories 834 139
Prepaid and other current assets 2,967 3,122
Assets held for sale - note 7 1,763  
Total current assets 48,479 47,883
Mineral property interests - note 5 843,764 245,454
Restrictive time deposits for reclamation bonding - note 5 5,190 5,190
Investment in Minera Santa Cruz S.A. - note 6 225,989  
Property and equipment, net - note 7 13,742 11,772
Other assets 54 56
TOTAL ASSETS 1,137,218 310,355
Current liabilities:    
Accounts payable and accrued liabilities 8,223 5,612
Current portion of asset retirement obligation - note 5 510 512
Total current liabilities 8,733 6,124
Asset retirement obligation, less current portion - note 5 6,108 5,741
Deferred income tax liability - note 2 268,615 78,786
Other liabilities 400 400
Total liabilities 283,856 91,051
Shareholders' equity:    
Common stock, no par value, 500,000 shares authorized; Common: 183,207 shares as of June 30, 2012 and 136,572 shares as of December 31, 2011 issued and outstanding Exchangeable: 2012: 85,088 shares as of June 30, 2012 and nil shares as of December 31, 2011 issued and outstanding Exchangeable: 2007: nil shares as of June 30, 2012 and 3,181 shares as of December 31, 2011 issued and outstanding 1,287,343 613,831
Accumulated deficit (433,691) (393,238)
Accumulated other comprehensive loss (290) (1,289)
Total shareholders' equity 853,362 219,304
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $ 1,137,218 $ 310,355