XML 52 R32.htm IDEA: XBRL DOCUMENT v2.4.0.8

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2013

INCOME TAXES

Schedule of tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities

		2013			2012
		(in thousands)
Deferred tax assets:
Alternative minimum tax (AMT) credit carryforward		$	41		$	41
Net operating loss carryforward			98,734			80,975
Mineral Properties			19,884			297
Other temporary differences			6,927			9,521
Capital loss carryforward			241			241
​	​	​	​	​	​	​	​
Total gross deferred tax assets			125,827			91,075
Less: valuation allowance			(125,202	)		(90,477	)
​	​	​	​	​	​	​	​
Net deferred tax assets		$	625		$	598
​	​	​	​	​	​	​	​
Deferred tax liabilities:
Reclamation obligation			389			416
Mineral Properties			—			—
Basis in Tonkin Springs Venture LP			(1,014	)		(1,014	)
Acquisition related deferred tax liability			(158,855	)		(229,522	)
​	​	​	​	​	​	​	​
Total deferred tax liabilities		$	(159,480	)	$	(230,120	)
​	​	​	​	​	​	​	​
Total net deferred tax liability		$	(158,855	)	$	(229,522	)
​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​

Schedule of reconciliation of the tax provision at statutory U.S. Federal and State income tax rates to the actual tax provision recorded in the financial statement

		2013			2012			2011
		(in thousands)
US Federal and State tax recovery at statutory rate		$	(68,377	)	$	(31,925	)	$	(21,098	)
Reconciling items:
Equity pickup in MSC			(2,924	)		(7,292	)		—
Impact of Mexican tax reform			(1,921	)		—			—
FIN 48 adjustment due to tax years becoming statute barred			—			—			(180	)
Prior year true ups/acquisitions			(19,016	)		781			(8,074	)
Adjustment for foreign tax rates			8,680			3,245			1,342
Tax rate changes			(187	)		(1,869	)		(24	)
Imputed interest			171			135			119
Other permanent differences			22,090			(3,259	)		8,869
Unrealized foreign exchange rate (loss)/gain			(28,317	)		(21,263	)		(31	)
NOL expired			1,711			(2,696	)		2,862
Valuation allowance			34,725			36,899			16,035
​	​	​	​	​	​	​	​	​	​	​
Tax Recovery		$	(53,365	)	$	(27,244	)	$	(180	)
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​

Tax years subject to examination in major tax jurisdictions

• United States: 2010 to 2013
  Canada: 2006 to 2013
  Mexico: 2009 to 2013
  Argentina: 2009 to 2013

X

- Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income tax examinations that an enterprise is currently subject to or that have been completed in the current period typically including a description of the examination, the jurisdiction conducting the examination, the tax year(s) under examination, the likelihood of an unfavorable settlement, the range of possible losses, the liability recorded, the increase or decrease in the liability from the prior period, and any penalties and interest that have been recorded.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 55

-Paragraph 217

-URI http://asc.fasb.org/extlink&oid=32707879&loc=d3e36027-109320



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 15

-Subparagraph (c),(d)(2)-(3)

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

+ Details

Name:	us-gaap_SummaryOfIncomeTaxExaminationsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration