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PROPERTY AND EQUIPMENT (Tables)

9 Months Ended

Sep. 30, 2012

PROPERTY AND EQUIPMENT

Schedule of property and equipment

At September 30, 2012 and December 31, 2011, property and equipment consisted of the following (in thousands):

		September 30, 2012			December 31, 2011
Trucks and trailers		$	1,417		$	1,247
Office furniture and equipment		1,054			638
Drill rigs		1,869			998
Building		1,469			853
Land		8,669			8,619
Mining equipment		1,026			956
Inactive milling equipment		644			778
Subtotal		$	16,148		$	14,089
Less: accumulated depreciation		(2,665		)	(2,317		)
Total		$	13,483		$	11,772

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Tabular disclosure of the components of property, plant and equipment.

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