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PROPERTY AND EQUIPMENT | 9 Months Ended
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Sep. 30, 2014
PROPERTY AND EQUIPMENT |
PROPERTY AND EQUIPMENT | NOTE 5 PROPERTY AND EQUIPMENT As at September 30, 2014 and December 31, 2013, property and equipment consisted of the following:
|  | September 30, 2014 |  | December 31, 2013 |
|  | (in thousands) |
Trucks and trailers |  | $ | 1,012 |  | $ | 1,041 |
Office furniture and equipment |  | 2,057 |  | 1,163 |
Drill rigs |  | 998 |  | 998 |
Building |  | 1,514 |  | 1,469 |
Land |  | 8,699 |  | 8,672 |
Mining equipment |  | 1,452 |  | 1,206 |
Construction-in-progress |  | 6,292 |  | 3,894 |
Subtotal |  | $ | 22,024 |  | $ | 18,443 |
Less: accumulated depreciation |  | (3,939 | ) | (3,300 | )
Total |  | $ | 18,085 |  | $ | 15,143 |
The increase in property and equipment from December 31, 2013 to September 30, 2014 was mainly in relation to leasehold improvements to the Company’s corporate office, as well as construction-in-progress assets which include advances the Company made to a supplier for long-lead items for its El Gallo 2 project. Depreciation expense for the three and nine months ended September 30, 2014 was $0.2 million and $0.7 million, respectively (2013 - $0.2 million and $0.7 million, respectively).

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2921-110230 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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