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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3) (El Gallo Complex) | 12 Months Ended
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Dec. 31, 2012
Gold and Silver |
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Option to sell prior to the completion of refining (as a percent) | 90.00%
Period of completion of refining | 15 days
Gold and gold equivalents | NSR royalty agreement |
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Net smelter return (as a percent) | 3.50%
Quantity produced (in ounces) | 77,000
Gold and gold equivalents | Production up to 30000 ounces | NSR royalty agreement |
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Net smelter return (as a percent) | 1.00%
Gold and gold equivalents | Production up to 30000 ounces | NSR royalty agreement | Maximum |
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Production quantity used to determine net smelter return | 30,000
Gold and gold equivalents | Production between 30001 to 380000 ounces | NSR royalty agreement |
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Net smelter return (as a percent) | 3.50%
Gold and gold equivalents | Production between 30001 to 380000 ounces | NSR royalty agreement | Minimum |
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Production quantity used to determine net smelter return | 30,001
Gold and gold equivalents | Production between 30001 to 380000 ounces | NSR royalty agreement | Maximum |
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Production quantity used to determine net smelter return | 380,000
Gold and gold equivalents | Production above 380000 ounces | NSR royalty agreement |
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Net smelter return (as a percent) | 1.00%
Silver |
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Quantity produced (in ounces) | 4,492

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- Definition Represents the production quantity of physical commodities used as a basis to determine the net smelter return ("NSR") per the terms of the royalty agreement. + References No definition available. + Details
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