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Properties, Plant and Equipment | 6 Months Ended
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Jun. 30, 2014
Property, Plant and Equipment [Abstract] |
Properties, Plant and Equipment | Properties, Plant and Equipment During the six months ended June 30, 2014, the Company made capital expenditures totaling approximately $2.2 million. Approximately $0.6 million was primarily for the design and construction of the heap leach expansion and related infrastructure upgrades. In June 2014, the Company closed escrow in the amount of approximately $0.2 million on the purchase of property for 5 vacant lots near the mining and processing operation. The Company also incurred debt obligations to acquire mining vehicles and equipment with a cost of $1.3 million. During the six months ended June 30, 2014, the Company sold vehicles previously used in mining operations with a gross book value of $425,449 incurring a loss of $45,499. The loss is included in general and administrative expenses in the condensed consolidated statements of operations. Depreciation expense for the three and six month periods ended June 30, 2014 was $1.3 and $2.7 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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