OPERATING SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of the financial information relating to the Company's segments

	For the year ended December 31, 2014
	Argentina			Mexico			U.S.			Corporate & Other			Total
	(in thousands)
Gold and silver sales	$	—		$	45,303		$	—		$	—		$	45,303
Production costs applicable to sales		—			(40,608	)		—			—			(40,608	)
Mine construction costs		—			(1,723	)		—			—			(1,723	)
Mine development costs		—			(1,829	)		—			—			(1,829	)
Exploration costs		(2,453	)		(5,468	)		(3,060	)		(351	)		(11,332	)
Impairment of mineral property interests and property and equipment		(255,313	)		—			(98,423	)		—			(353,736	)
Impairment of investment in MSC		(21,162	)		—			—			—			(21,162	)
Loss on investment in Minera Santa Cruz S.A. (net of amortization)		(5,284	)		—			—			—			(5,284	)
Operating loss		(285,800	)		(10,101	)		(105,797	)		(8,467	)		(410,165	)
Income tax recovery		74,952			371			31,632			215			107,170
As at December 31, 2014
Investment in Minera Santa Cruz S.A.		177,018			—			—			—			177,018
Mineral property interests		202,889			10,696			74,227			—			287,812
Total assets		382,637			58,936			74,806			6,579			522,958

	For the year ended December 31, 2013
	Argentina			Mexico			U.S.			Corporate & Other			Total
	(in thousands)
Gold and silver sales	$	—		$	45,982		$	—		$	—		$	45,982
Production costs applicable to sales		—			(34,594	)		—			—			(34,594	)
Mine construction costs		—			(1,383	)		—			—			(1,383	)
Mine development costs		—			(847	)		—			—			(847	)
Exploration costs		(14,776	)		(6,658	)		(2,952	)		(443	)		(24,829	)
Income on investment in Minera Santa Cruz S.A. (net of amortization)		846			—			—			—			846
Impairment of investment in MSC		(95,878	)		—			—			—			(95,878	)
Impairment of mineral property interests and property and equipment		(27,729	)		—			(35,234	)		—			(62,963	)
Gain (loss) on sale of assets		(316	)		—			(6,430	)		3			(6,743	)
Operating loss		(139,784	)		(2,998	)		(47,422	)		(10,193	)		(200,397	)
Income tax recovery		38,015			495			14,855			—			53,365
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

	For the year ended December 31, 2012
	Argentina			Mexico			U.S.			Corporate & Other			Total
	(in thousands)
Gold and silver sales	$	—		$	5,966		$	—		$	—		$	5,966
Production costs applicable to sales		—			(3,861	)		—			—			(3,861	)
Mine operating costs		—			(8,507	)		—			—			(8,507	)
Mine construction costs		—			(14,260	)		—			—			(14,260	)
Exploration costs		(25,091	)		(15,918	)		(5,060	)		(1,110	)		(47,179	)
Income on investment in Minera Santa Cruz S.A. (net of amortization) (adjusted—note 15)		20,835			—			—			—			20,835
Impairment of mineral property interests and property and equipment		(179	)		(1,343	)		(16,946	)		—			(18,468	)
Operating loss (adjusted—note 15)		(8,156	)		(43,417	)		(25,144	)		(14,688	)		(91,405	)
Income tax recovery		21,129			—			6,115			—			27,244
As at December 31, 2012
Investment in Minera Santa Cruz S.A.		273,948			—			—			—			273,948
Mineral property interests		539,092			12,707			215,268			—			767,067
Total assets		825,047			47,359			220,148			58,383			1,150,937

- 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.

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