XML 27 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
 3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
REVENUE:        
Gold and silver sales $ 11,637 $ 10,459 $ 22,767 $ 23,957
Total Revenue 11,637 10,459 22,767 23,957
COSTS AND EXPENSES:        
Production costs applicable to sales 10,900 8,278 19,427 18,871
Mine construction costs 217   1,156  
Mine development costs 155 98 1,723 569
Exploration costs 2,637 4,889 5,317 19,489
Property holding costs 734 316 2,188 1,693
General and administrative 3,213 4,217 6,440 8,409
Depreciation 229 245 454 527
Accretion of asset retirement obligation (note 3) 108 121 209 234
(Income) loss on investment in Minera Santa Cruz S.A., net of amortization (note 4) 2,438 1,551 (4,591) 1,788
Impairment of investment in MSC (note 4)   95,878   95,878
Impairment of mineral property interests and property and equipment (note 3) 120,398 27,729 120,398 27,729
(Gain) loss on sale of assets (18) 6,791 (18) 6,791
Total costs and expenses 141,011 150,113 152,703 181,978
Operating loss (129,374) (139,654) (129,936) (158,021)
OTHER INCOME (EXPENSE):        
Interest income 34 68 109 139
Gain on litigation settlement       560
Unrealized loss on gold and silver bullion   (274)   (274)
Foreign currency gain (loss) 284 (1,226) (299) (935)
Total other income (expense) 318 (1,432) (190) (510)
Loss before income taxes (129,056) (141,086) (130,126) (158,531)
Income tax recovery (note 8) 25,034 12,405 43,991 18,868
Net loss (104,022) (128,681) (86,135) (139,663)
OTHER COMPREHENSIVE INCOME (LOSS):        
Unrealized gain on available-for-sale securities, net of taxes 2   3  
Comprehensive loss $ (104,020) $ (128,681) $ (86,132) $ (139,663)
Net loss per share (note 9):        
Basic (in dollars per share) $ (0.35) $ (0.43) $ (0.29) $ (0.47)
Diluted (in dollars per share) $ (0.35) $ (0.43) $ (0.29) $ (0.47)
Weighted average common shares outstanding (thousands) (note 9):        
Basic (in shares) 297,164 297,097 297,162 296,938
Diluted (in shares) 297,164 297,097 297,162 296,938