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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 70,921 $ 13,416
Short-term investments   3,933
Marketable equity securities - note 4 3 1,480
Investment in gold and silver bullion (market value - 2012 - $2,062; 2011 - $24,483) - note 5 1,690 22,810
IVA taxes receivable 9,150 2,983
Inventories - note 6 7,262 139
Other current assets 2,892 3,122
Total current assets 91,918 47,883
Mineral property interests - note 7 767,067 245,454
Restrictive time deposits for reclamation bonding - note 7 5,183 5,190
Investment in Minera Santa Cruz S.A. - note 8 273,948  
Property and equipment, net - note 9 12,767 11,772
Other assets 54 56
TOTAL ASSETS 1,150,937 310,355
Current liabilities:    
Accounts payable and accrued liabilities 21,235 5,612
Litigation settlement liability - note 11 3,830  
Current portion of asset retirement obligation - note 7 130 512
Total current liabilities 25,195 6,124
Asset retirement obligation, less current portion - note 7 6,229 5,741
Deferred income tax liability - note 10 229,522 78,786
Other liabilities 400 400
Total liabilities 261,346 91,051
Shareholders' equity:    
Common stock, no par value, 500,000 shares authorized; Common: 212,646 shares as of December 31, 2012 and 136,572 shares as of December 31, 2011 issued and outstanding Exchangeable (2012): 83,379 shares as of December 31, 2012 and nil shares as of December 31, 2011 issued and outstanding Exchangeable (2007): nil shares as of December 31, 2012 and 3,181 shares as of December 31, 2011 issued and outstanding 1,349,777 613,831
Accumulated deficit (459,892) (393,238)
Accumulated other comprehensive loss (294) (1,289)
Total shareholders' equity 889,591 219,304
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $ 1,150,937 $ 310,355