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SEGMENTED INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2014
SEGMENTED INFORMATION  
Schedule of the financial information relating to the Company's segments

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

Argentina

 

Mexico

 

U.S.

 

& Other

 

Total

 

 

 

(in thousands)

 

For the three months ended June 30, 2014

 

 

 

 

 

 

 

 

 

 

 

Gold and silver sales

 

$

—

 

$
11,637

 

$

—

 

$

—

 

$
11,637

 

Production costs applicable to sales

 

—

 
(10,900

)

—

 

—

 
(10,900

)

Mine construction costs

 

—

 
(217

)

—

 

—

 
(217

)

Mine development costs

 

—

 
(155

)

—

 

—

 
(155

)

Exploration costs

 
(249

)
(1,488

)
(831

)
(69

)
(2,637

)

Impairment of mineral property interests and property and equipment

 
(120,398

)

—

 

—

 

—

 
(120,398

)

Loss on investment in Minera Santa Cruz S.A. (net of amortization)

 
(2,438

)

—

 

—

 

—

 
(2,438

)

Operating loss

 
(123,817

)
(2,150

)
(1,025

)
(2,382

)
(129,374

)

 

 

 

 

 

 

 

 

 

 

 

 

For the six months ended June 30, 2014

 

 

 

 

 

 

 

 

 

 

 

Gold and silver sales

 

$

—

 

$
22,767

 

$

—

 

$

—

 

$
22,767

 

Production costs applicable to sales

 

—

 
(19,427

)

—

 

—

 
(19,427

)

Mine construction costs

 

—

 
(1,156

)

—

 

—

 
(1,156

)

Mine development costs

 

—

 
(1,723

)

—

 

—

 
(1,723

)

Exploration costs

 
(750

)
(2,876

)
(1,517

)
(174

)
(5,317

)

Impairment of mineral property interests and property and equipment

 
(120,398

)

—

 

—

 

—

 
(120,398

)

Income on investment in Minera Santa Cruz S.A. (net of amortization)

 
4,591

 

—

 

—

 

—

 
4,591

 

Operating loss

 
(117,559

)
(5,198

)
(2,454

)
(4,725

)
(129,936

)

 

 

 

 

 

 

 

 

 

 

 

 

As at June 30, 2014

 

 

 

 

 

 

 

 

 

 

 

Investment in Minera Santa Cruz S.A.

 
210,425

 

—

 

—

 

—

 
210,425

 

Mineral property interests

 
337,805

 
11,341

 
172,738

 

—

 
521,884

 

Total assets

 
551,324

 
59,649

 
176,415

 
8,882

 
796,270

 

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

Argentina

 

Mexico

 

U.S.

 

& Other

 

Total

 

 

 

(in thousands)

 

For the three months ended June 30, 2013

 

 

 

 

 

 

 

 

 

 

 

Gold and silver sales

 

$

—

 

$
10,459

 

$

—

 

$

—

 

$
10,459

 

Production costs applicable to sales

 

—

 
(8,278

)

—

 

—

 
(8,278

)

Mine development costs

 

—

 
(98

)

—

 

—

 
(98

)

Exploration costs

 
(2,017

)
(1,949

)
(870

)
(53

)
(4,889

)

Income on investment in Minera Santa Cruz S.A. (net of amortization)

 
(1,551

)

—

 

—

 

—

 
(1,551

)

Impairment of investment in MSC

 
(95,878

)

—

 

—

 

—

 
(95,878

)

Impairment of mineral property interests and property and equipment

 
(27,729

)

—

 

—

 

—

 
(27,729

)

Gain on sale of assets

 
(326

)

—

 
(6,468

)
3

 
(6,791

)

Operating loss

 
(129,703

)
(970

)
(6,110

)
(2,871

)
(139,654

)

 

 

 

 

 

 

 

 

 

 

 

 

For the six months ended June 30, 2013

 

 

 

 

 

 

 

 

 

 

 

Gold and silver sales

 

$

—

 

$
23,957

 

$

—

 

$

—

 

$
23,957

 

Production costs applicable to sales

 

—

 
(18,871

)

—

 

—

 
(18,871

)

Mine development costs

 

—

 
(569

)

—

 

—

 
(569

)

Exploration costs

 
(13,479

)
(4,434

)
(1,450

)
(126

)
(19,489

)

Loss on investment in Minera Santa Cruz S.A. (net of amortization)

 
(1,788

)

—

 

—

 

—

 
(1,788

)

Impairment of investment in MSC

 
(95,878

)

—

 

—

 

—

 
(95,878

)

Impairment of mineral property interests and property and equipment

 
(27,729

)

—

 

—

 

—

 
(27,729

)

Gain on sale of assets

 
(326

)

—

 
(6,468

)
3

 
(6,791

)

Operating loss

 
(141,615

)
(3,020

)
(7,055

)
(6,331

)
(158,021

)

 

 

 

 

 

 

 

 

 

 

 

 

As at December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

Investment in Minera Santa Cruz S.A.

 
212,947

 

—

 

—

 

—

 
212,947

 

Mineral property interests

 
458,203

 
11,984

 
172,781

 

—

 
642,968

 

Total assets

 
674,269

 
54,131

 
177,248

 
17,418

 
923,066