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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 18,520 $ 13,416
Short-term investments   3,933
Marketable equity securities - note 3 6 1,480
Gold and silver bullion (market value - 2012 - $2,273; 2011 - $24,483) - note 4 1,690 22,810
IVA taxes receivable 8,139 2,983
Inventories - note 5 2,783 139
Prepaid and other current assets 4,882 3,122
Total current assets 36,020 47,883
Mineral property interests - note 6 785,278 245,454
Restrictive time deposits for reclamation bonding - note 6 5,190 5,190
Investment in Minera Santa Cruz S.A. - note 7 271,180  
Property and equipment, net - note 8 13,483 11,772
Other assets 54 56
TOTAL ASSETS 1,111,205 310,355
Current liabilities:    
Accounts payable and accrued liabilities 7,181 5,612
Current portion of asset retirement obligation - note 6 323 512
Total current liabilities 7,504 6,124
Asset retirement obligation, less current portion - note 6 6,169 5,741
Deferred income tax liability - note 2 242,761 78,786
Other liabilities 400 400
Total liabilities 256,834 91,051
Shareholders' equity:    
Common stock, no par value, 500,000 shares authorized; Common: 189,610 shares as of September 30, 2012 and 136,572 shares as of December 31, 2011 issued and outstanding Exchangeable: (2012) 78,886 shares as of September 30, 2012 and nil shares as of December 31, 2011 issued and outstanding Exchangeable: (2007) nil shares as of September 30, 2012 and 3,181 shares as of December 31, 2011 issued and outstanding 1,288,478 613,831
Accumulated deficit (433,816) (393,238)
Accumulated other comprehensive loss (291) (1,289)
Total shareholders' equity 854,371 219,304
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $ 1,111,205 $ 310,355