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MINERAL PROPERTY INTERESTS AND ASSET RETIREMENT OBLIGATIONS (Tables)
9 Months Ended
Sep. 30, 2014
MINERAL PROPERTY INTERESTS AND ASSET RETIREMENT OBLIGATIONS  
Schedule of impairment charges on mineral property

 

 

 

 

Three months ended September 30,

 

Nine months ended September 30,

 

Name of Property/Complex

 

Segment

 

2014

 

2013

 

2014

 

2013

 

 

 

 

 

(in thousands)

 

Telken Tenements

 

Argentina

 

$

 

$

 

$

 

$

13,792 

 

Este Tenements

 

Argentina

 

 

 

 

2,784 

 

Piramides Tenements

 

Argentina

 

 

 

 

5,079 

 

Tobias Tenements

 

Argentina

 

 

 

 

6,074 

 

Los Azules Project

 

Argentina

 

 

 

120,398 

 

 

West Battle Mountain Complex

 

Nevada

 

 

6,287 

 

 

6,287 

 

Total impairments

 

 

 

$

 

$

6,287 

 

$

120,398 

 

$

34,016 

 

 

Schedule of reconciliation of asset retirement obligations

 

 

Nine months ended

 

Year Ended

 

 

 

September 30, 2014

 

December 31, 2013

 

 

 

(in thousands)

 

Asset retirement obligation liability, beginning balance

 

$

7,247

 

$

6,359

 

Settlements

 

(43

)

(60

)

Accretion of liability

 

309

 

461

 

Adjustment reflecting updated estimates

 

(79

)

487

 

Asset retirement obligation liability, ending balance

 

$

7,434

 

$

7,247