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SEGMENTED INFORMATION (Tables) | 9 Months Ended
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Sep. 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 September 30, 2014 |  |  |  |  |  |  |  |  |  |  |
Gold and silver sales |  | $ | — |  | $ | 8,853 |  | $ | — |  | $ | — |  | $ | 8,853 |
Production costs applicable to sales |  | — |  | (10,997 | ) | — |  | — |  | (10,997 | )
Mine construction costs |  | — |  | (567 | ) | — |  | — |  | (567 | )
Mine development costs |  | — |  | (31 | ) | — |  | — |  | (31 | )
Exploration costs |  | (190 | ) | (1,201 | ) | (851 | ) | (64 | ) | (2,306 | )
General and administrative expenses |  | (210 | ) | (910 | ) | (50 | ) | (1,379 | ) | (2,549 | )
Impairment of mineral property interests and property and equipment |  | — |  | — |  | — |  | — |  | — |
Loss on investment in Minera Santa Cruz S.A. (net of amortization) |  | (4,441 | ) | — |  | — |  | — |  | (4,441 | )
Operating loss |  | (4,915 | ) | (5,936 | ) | (2,392 | ) | (1,506 | ) | (14,749 | )
For the nine months ended September 30, 2014 |  |  |  |  |  |  |  |  |  |  |
Gold and silver sales |  | $ | — |  | $ | 31,620 |  | $ | — |  | $ | — |  | $ | 31,620 |
Production costs applicable to sales |  | — |  | (30,424 | ) | — |  | — |  | (30,424 | )
Mine construction costs |  | — |  | (1,723 | ) | — |  | — |  | (1,723 | )
Mine development costs |  | — |  | (1,754 | ) | — |  | — |  | (1,754 | )
Exploration costs |  | (940 | ) | (4,077 | ) | (2,368 | ) | (238 | ) | (7,623 | )
General and administrative expenses |  | (563 | ) | (2,418 | ) | (163 | ) | (5,845 | ) | (8,989 | )
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) |  | 150 |  | — |  | — |  | — |  | 150 |
Operating loss |  | (122,474 | ) | (11,134 | ) | (4,846 | ) | (6,231 | ) | (144,685 | )
As at September 30, 2014 |  |  |  |  |  |  |  |  |  |  |
Investment in Minera Santa Cruz S.A. |  | 203,614 |  | — |  | — |  | — |  | 203,614 |
Mineral property interests |  | 337,806 |  | 11,018 |  | 172,702 |  | — |  | 521,526 |
Total assets |  | 544,628 |  | 58,865 |  | 173,259 |  | 6,708 |  | 783,460 |
|  |  |  |  |  |  |  | Corporate |  |  |
|  | Argentina |  | Mexico |  | U.S. |  | & Other |  | Total |
|  | (in thousands) |
For the three months ended September 30, 2013 |  |  |  |  |  |  |  |  |  |  |
Gold and silver sales |  | $ | — |  | $ | 11,778 |  | $ | — |  | $ | — |  | $ | 11,778 |
Production costs applicable to sales |  | — |  | (7,907 | ) | — |  | — |  | (7,907 | )
Mine construction costs |  | — |  | (662 | ) | — |  | — |  | (662 | )
Mine development costs |  | — |  | (85 | ) | — |  | — |  | (85 | )
Exploration costs |  | (631 | ) | (1,148 | ) | (634 | ) | (162 | ) | (2,575 | )
Income on investment in Minera Santa Cruz S.A. (net of amortization) |  | 2,040 |  | — |  | — |  | — |  | 2,040 |
Impairment of mineral property interests and property and equipment |  | — |  | — |  | (6,287 | ) | — |  | (6,287 | )
Gain on sale of assets |  | 10 |  | — |  | 40 |  | — |  | 50 |
Operating income (loss) |  | 1,131 |  | 393 |  | (8,499 | ) | (1,870 | ) | (8,845 | )
For the nine months ended September 30, 2013 |  |  |  |  |  |  |  |  |  |  |
Gold and silver sales |  | $ | — |  | $ | 35,735 |  | $ | — |  | $ | — |  | $ | 35,735 |
Production costs applicable to sales |  | — |  | (26,778 | ) | — |  | — |  | (26,778 | )
Mine construction costs |  | — |  | (662 | ) | — |  | — |  | (662 | )
Mine development costs |  | — |  | (654 | ) | — |  | — |  | (654 | )
Exploration costs |  | (14,110 | ) | (5,582 | ) | (2,086 | ) | (288 | ) | (22,066 | )
Income on investment in Minera Santa Cruz S.A. (net of amortization) |  | 252 |  | — |  | — |  | — |  | 252 |
Impairment of investment in MSC |  | (95,878 | ) | — |  | — |  | — |  | (95,878 | )
Impairment of mineral property interests and property and equipment |  | (27,729 | ) | — |  | (6,287 | ) | — |  | (34,016 | )
Gain (loss) on sale of assets |  | (316 | ) | — |  | (6,428 | ) | 3 |  | (6,741 | )
Operating loss |  | (139,297 | ) | (2,627 | ) | (17,102 | ) | (7,840 | ) | (166,866 | )
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 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 + Details
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