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FAIR VALUE ACCOUNTING (Tables) | 12 Months Ended
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Dec. 31, 2013
FAIR VALUE ACCOUNTING |
Schedule of assets and liabilities measured at fair value on a recurring basis by level within the fair value hierarchy |
|  | Fair Value as a December 31, 2013 |
--- | --- | --- | ---
|  | Total |  | Level 1 |  | Level 2 |  | Level 3 |
|  | (in thousands) |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 24,321 |  | $ | 24,321 |  | $ | — |  | $ | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  | $ | 24,321 |  | $ | 24,321 |  | $ | — |  | $ | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 177 |  | $ | 177 |  | $ | — |  | $ | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  | $ | 177 |  | $ | 177 |  | $ | — |  | $ | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  | Fair Value as at December 31, 2012 |
--- | --- | --- | ---
|  | Total |  | Level 1 |  | Level 2 |  | Level 3 |
|  | (in thousands) |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 70,921 |  | $ | 70,921 |  | $ | — |  | $ | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  | $ | 70,921 |  | $ | 70,921 |  | $ | — |  | $ | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |
Litigation settlement liability |  |  | 3,830 |  |  | 3,830 |  |  | — |  |  | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  | $ | 3,830 |  | $ | 3,830 |  | $ | — |  | $ | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Summary of the quantitative and qualitative information related to the unobservable inputs used in the calculation of the Company's non-recurring Level 3 fair value measurements |
|  | Date of Fair Value Measurement |  | Valuation Technique |  | Unobservable Input |  | Range / Weighted Average
--- | --- | --- | --- | --- | --- | --- | --- | ---
|  |  |  |  |  |  | Discount Rate |  | 10.0%
|  |  |  |  |  |  | Long Term Gold Price |  | $1,300 per ounce
Investment in MSC |  |  | June 30, 2013 |  | Discounted cash flow |  | Long Term Silver Price |  | $22.75 per ounce
|  |  |  |  |  |  | Argentina Inflation Index |  | 10.0%
|  |  |  |  |  |  | United States Inflation Index |  | 1.7%
Schedule of assets measured at fair value on a nonrecurring basis after initial recognition |
|  | Date of Fair Value Measurement |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total Loss |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
|  |  |  | (in thousands) |
Mineral property interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Telken Tenements(1) |  | June 30, 2013 |  | $ | 26,442 |  | $ | — |  | $ | — |  | $ | 26,442 |  | $ | 13,792 |
Este Tenements(1) |  | June 30, 2013 |  |  | 5,337 |  |  | — |  |  | — |  |  | 5,337 |  |  | 2,784 |
Piramides Tenements(1) |  | June 30, 2013 |  |  | 9,736 |  |  | — |  |  | — |  |  | 9,736 |  |  | 5,079 |
Tobias Tenements(1) |  | June 30, 2013 |  |  | 11,645 |  |  | — |  |  | — |  |  | 11,645 |  |  | 6,074 |
Limo Complex |  | December 31, 2013 |  |  | 23,438 |  |  | — |  |  | — |  |  | 23,438 |  |  | 19,450 |
Other United States Properties |  | December 31, 2013 |  |  | 9,610 |  |  | — |  |  | — |  |  | 9,610 |  |  | 9,497 |
Investment in MSC |  | June 30, 2013 |  |  | 176,282 |  |  | — |  |  | — |  |  | 176,282 |  |  | 95,878 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  |  |  | $ | 262,490 |  | $ | — |  | $ | — |  | $ | 262,490 |  | $ | 152,554 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(1) The fair values for the Telken, Este, Piramides and Tobias Tenements were determined prior to the transfer of these properties to MSC as part of the vend-in agreement between the Company and Hochschild, as described in Note 6, Mineral Property Interests and Asset Retirement Obligations, and Note 7, Investment in Minera Santa Cruz S.A. ("MSC")—San José Mine. As at December 31, 2013, these tenements were transferred to MSC and were therefore not included in the Company's mineral property interests as at December 31, 2013.

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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19296-110258 + Details
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- Definition Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, used to measure similar assets in prior periods (non-recurring basis) by class of asset or liability. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19190-110258 + Details
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