MINERAL PROPERTY INTERESTS AND ASSET RETIREMENT OBLIGATIONS (Tables)

12 Months Ended

Dec. 31, 2012

The values for all of the mineral properties held by the Company as at December 31, 2012 are noted below.

Name of Property/Complex	State/Province	Country	Carrying Value

Los Azules Copper Project	San Juan	Argentina	$	431,190
Other San Juan Exploration Properties	San Juan	Argentina	$	7,818
Telken Tenements	Santa Cruz	Argentina	$	40,234
Este Tenements	Santa Cruz	Argentina	$	8,121
Piramides Tenements	Santa Cruz	Argentina	$	14,815
Tobias Tenements	Santa Cruz	Argentina	$	17,719
Cerro Mojon Tenements	Santa Cruz	Argentina	$	1,971
La Merced Tenements	Santa Cruz	Argentina	$	1,891
Cabeza de Vaca Tenements	Santa Cruz	Argentina	$	877
El Trumai Tenements	Santa Cruz	Argentina	$	1,534
Martes 13 Tenements	Santa Cruz	Argentina	$	3,568
Celestina Tenements	Santa Cruz	Argentina	$	1,753
Other Santa Cruz Exploration Properties	Santa Cruz	Argentina	$	7,601
Tonkin Complex	Nevada	United States	$	51,989
Gold Bar Complex	Nevada	United States	$	77,012
Limo Complex	Nevada	United States	$	50,098
North Battle Mountain Complex	Nevada	United States	$	4,148
East Battle Mountain Complex	Nevada	United States	$	4,060
West Battle Mountain Complex	Nevada	United States	$	8,854
Other United States Properties	Nevada	United States	$	19,107
El Gallo Complex	Sinaloa	Mexico	$	8,126
Other Mexico Exploration Properties	Sinaloa	Mexico	$	4,581

Total			$	767,067

The Company's asset retirement obligations for years ended December 31, 2012 and 2011 are as follows (in thousands):

	2012			2011

Asset retirement obligation liability—opening balance	$	6,253		$	6,153
Settlements		(47	)		(82	)
Accretion of liability		447			524
Adjustment reflecting updated estimates		(294	)		(342	)

Asset retirement obligation liability—ending balance	$	6,359		$	6,253