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MINERAL PROPERTY INTERESTS AND ASSET RETIREMENT OBLIGATIONS (Tables)

3 Months Ended

Mar. 31, 2013

MINERAL PROPERTY INTERESTS AND ASSET RETIREMENT OBLIGATIONS

Schedule of changes in asset retirement obligations

Changes in the Company’s asset retirement obligations for the three months ended March 31, 2013 and year ended December 31, 2012 are as follows (in thousands):

		Three Months Ended			Year Ended
		March 31, 2013			December 31, 2012
Asset retirement obligation liability - opening balance		$	6,359		$	6,253
Settlements		—			(47		)
Accretion of liability		113			447
Adjustment reflecting updated estimates		—			(294		)
Asset retirement obligation liability - ending balance		$	6,472		$	6,359

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- Definition

Tabular disclosure of the changes in carrying amount of a liability for asset retirement obligations, for changes such as new obligations, changes in estimates of existing obligations, spending on existing obligations, property dispositions, and foreign currency translation.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 410

-SubTopic 30

-Section 50

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=6393242&loc=d3e13201-110859

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