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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
REVENUE        
Income on investment in Minera Santa Cruz S.A., net of amortization - note 7 $ 11,311   $ 14,759  
Gold and silver sales 456   456  
Total Revenue 11,767   15,215  
COSTS AND EXPENSES        
Production costs applicable to sales 119   119  
General and administrative 4,119 1,540 12,935 5,059
Acquisition costs 8 1,920 1,450 2,128
Property holding costs 2,147 2,362 4,127 3,470
Exploration costs 6,708 15,115 28,565 32,650
Mine construction costs 4,671   13,306  
Mine operating costs 2,406   8,622  
Accretion of asset retirement obligation 110 134 342 400
Depreciation 266 179 750 438
Gain on sale of property and equipment (1,135) (11) (1,265) (21)
Asset impairments 2,902   3,081  
Total costs and expenses 22,321 21,239 72,032 44,124
Operating loss (10,554) (21,239) (56,817) (44,124)
OTHER INCOME (EXPENSE)        
Interest income 16 19 198 50
Interest expense   46   29
Gain on sale of gold and silver bullion - note 4 1,233 1,143 3,075 1,667
Unrealized loss on silver bullion - note 4   (2,139) (359) (2,139)
(Loss) gain on sale of marketable equity securities - note 3 (70) 19 (70) 19
Other-than-temporary impairment on marketable equity securities - note 3     (1,993)  
Foreign currency gain (loss) 423 (1,529) 469 (1,070)
Total other income (expense) 1,602 (2,441) 1,320 (1,444)
Loss before income taxes (8,952) (23,680) (55,497) (45,568)
Recovery of income taxes - note 2 6,369   14,919  
Net loss (2,583) (23,680) (40,578) (45,568)
OTHER COMPREHENSIVE LOSS        
Reclassification of unrealized gain on marketable equity securities disposed of during the period, net of taxes     1,000  
Unrealized (loss) gain on marketable securities, net of taxes (1) 89 (2) (777)
Comprehensive loss $ (2,584) $ (23,591) $ (39,580) $ (46,345)
Basic and diluted per share data:        
Net loss - basic and diluted (in dollars per share) $ (0.01) $ (0.17) $ (0.16) $ (0.33)
Weighted average common shares outstanding:        
Basic and diluted (in shares) 268,373 139,725 256,834 136,134