XML 65 R3.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 24,321 $ 70,921
Investment in gold and silver bullion (market value: 2013 - nil; 2012 - $2,062) (note 4)   1,690
IVA taxes receivable 11,591 9,150
Inventories (note 5) 8,800 7,262
Other current assets 2,059 2,895
Total current assets 46,771 91,918
Mineral property interests (note 6) 642,968 767,067
Restrictive time deposits for reclamation bonding (note 6) 5,183 5,183
Investment in Minera Santa Cruz S.A. (note 7) 212,947 273,948
Property and equipment, net (note 8) 15,143 12,767
Other assets 54 54
TOTAL ASSETS 923,066 1,150,937
Current liabilities:    
Accounts payable and accrued liabilities 9,797 21,235
Litigation settlement liability (notes 10 and 17)   3,830
Current portion of asset retirement obligation (note 6) 1,392 130
Total current liabilities 11,189 25,195
Asset retirement obligation, less current portion (note 6) 5,855 6,229
Deferred income tax liability (notes 3 and 9) 158,855 229,522
Other liabilities 400 400
Total liabilities 176,299 261,346
Shareholders' equity:    
Common stock, no par value, 500,000 shares authorized; Common: 264,913 shares as of December 31, 2013 and 212,646 shares as of December 31, 2012 issued and outstanding Exchangeable: 32,246 shares as of December 31, 2013 and 83,379 shares as of December 31, 2012 issued and outstanding 1,354,696 1,349,777
Accumulated deficit (607,634) (459,892)
Accumulated other comprehensive loss (295) (294)
Total shareholders' equity 746,767 889,591
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $ 923,066 $ 1,150,937