XML 55 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
REVENUE:      
Gold and silver sales $ 45,982 $ 5,966  
Total Revenue 45,982 5,966  
COSTS AND EXPENSES:      
Production costs applicable to sales 34,594 3,861  
Mine operating costs   8,507  
Mine construction costs 1,383 14,260 1,745
Mine development costs 847    
Exploration costs 24,829 47,179 42,983
Property holding costs 4,584 7,207 3,464
General and administrative 14,001 16,841 7,035
Acquisition costs   1,513 3,893
Depreciation 942 1,033 577
Accretion of asset retirement obligation (note 6) 461 447 524
Income on investment in Minera Santa Cruz S.A., net of amortization (note 7) (846) (20,835)  
Impairment of investment in Minera Santa Cruz S.A. (note 7) 95,878    
Impairment of mineral property interests and property and equipment (note 8) 62,963 18,468  
Loss (gain) on sale of assets (notes 6 and 8) 6,743 (1,110) (36)
Total costs and expenses 246,379 97,371 60,185
Operating loss (200,397) (91,405) (60,185)
OTHER INCOME (EXPENSE):      
Interest income 262 228 202
Gain (loss) on litigation settlement (notes 10 and 17)) 560 (3,830)  
(Loss) gain on sale of marketable equity securities   (70) 19
(Loss) gain on sale of gold and silver bullion (note 4) (223) 3,075 2,075
Unrealized loss on gold and silver bullion (note 4)   (359) (3,394)
Other-than-temporary impairment on marketable equity securities   (1,993)  
Foreign currency (loss) gain (1,309) 456 (769)
Total other income (expense) (710) (2,493) (1,867)
Loss before income taxes (201,107) (93,898) (62,052)
Recovery of income taxes (note 9) 53,365 27,244 180
Net loss (147,742) (66,654) (61,872)
OTHER COMPREHENSIVE INCOME (LOSS):      
Reclassification of unrealized gain on marketable securities disposed of during the period, net of taxes   1,000  
Unrealized loss on available-for-sale securities, net of taxes (1) (5) (1,546)
Comprehensive loss $ (147,743) $ (65,659) $ (63,418)
Net loss per share (note 12):      
Basic (in dollars per share) $ (0.50) $ (0.26) $ (0.42)
Diluted (in dollars per share) $ (0.50) $ (0.26) $ (0.42)
Weighted average common shares outstanding (thousands) (note 13):      
Basic (in shares) 297,041 261,223 147,692
Diluted (in shares) 297,041 261,223 147,692