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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 22,371 $ 12,380
Investments (note 2) 1,334 1,082
IVA taxes receivable 10,455 11,739
Inventories (note 3) 13,771 12,404
Other current assets 7,532 2,096
Total current assets 55,463 39,701
Mineral property interests (note 4) 258,625 287,812
Investment in Minera Santa Cruz S.A. (note 5) 174,147 177,018
Property and equipment, net 17,849 17,896
Other assets (note 14) 531 531
TOTAL ASSETS 506,615 522,958
Current liabilities:    
Accounts payable and accrued liabilities 20,219 21,654
Short-term bank indebtedness (note 6) 5,764  
Current portion of asset retirement obligation (note 4) 2,485 2,427
Total current liabilities 28,468 24,081
Asset retirement obligation, less current portion (note 4) 5,572 5,044
Deferred income tax liability (note 9) 38,201 51,899
Deferred lease inducement 304 319
Other liabilities 400 400
Total liabilities 72,945 81,743
Shareholders' equity:    
Common stock, no par value, 500,000 shares authorized; Common: 273,381 as of June 30, 2015 and 271,579 shares as of December 31, 2014 issued and outstanding Exchangeable: 27,149 shares as of June 30, 2015 and 28,521 shares as of December 31, 2014 issued and outstanding (note 7) 1,361,865 1,360,668
Accumulated deficit (927,672) (919,577)
Accumulated other comprehensive (loss) income (523) 124
Total shareholders' equity 433,670 441,215
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $ 506,615 $ 522,958