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SUBSEQUENT EVENT
6 Months Ended
Jun. 30, 2015
SUBSEQUENT EVENT.  
SUBSEQUENT EVENTS

 

NOTE 15   SUBSEQUENT EVENT

 

On July 16, 2015, the Company received reimbursement for approximately 80% of the fair value of the loss due to the robbery of gold concentrate that occurred on April 7, 2015 at the El Gallo 1 Mine.  The amount of insurance proceeds receivable has been accrued at June 30, 2015 under Other Current Assets and recorded in the Consolidated Statements of Operations and Comprehensive Loss as a credit to cost of sales for the cost incurred in producing the ounces stolen, and the excess of the insurance proceeds over the cost of production has been recorded in Net Interest and Other Income.