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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
3 Months Ended 6 Months Ended 115 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
CONSOLIDATED STATEMENTS OF CASH FLOWS [Abstract]          
Net income/(loss) for the period $ 47,764 $ (7,278) $ 43,887 $ (10,766) $ (19,451)
Adjustments to reconcile income/(loss) for the period to cash used in operations:          
Depreciation and amortization 81 60 160 132 1,080
Stock-based compensation 817 127 948 224 5,988
Gain on disposal of marketable securities (81) 0 (447) (213) (7,790)
Loss on extinguishment of convertible notes 0 1,633 0 1,633 1,218
Interest expense 0 374 120 715 4,096
Gain on disposal of mineral property (78,072) 0 (78,072) 0 (79,933)
Transaction costs 0 0 0 0 1,841
Write down of marketable securites 0 0 0 0 849
Deferred tax expense 23,589 0 23,589 0 23,589
Other non-cash items 0 0 0 0 2,215
Change in working capital account items:          
Other current assets (132) (179) 41 (434) (1,305)
Accrued interest payable 0 (1,150) (505) (1,150) (8,091)
Accounts payable, accrued liabilities and other 511 338 288 170 (496)
Net cash used in operating activities (5,523) (6,075) (9,991) (9,689) (76,190)
Cash flows from investing activities:          
Acquisition of marketable securities (58) (7) (128) (7) (1,487)
Proceeds from sale of marketable securities 184 0 576 228 11,033
Acquisition of long-term investment (3,632) 0 (3,632) 0 (3,632)
Sale of short-term investments 0 0 0 250 0
Additions to mineral property 0 0 (50) (50) (6,813)
Additions to plant and equipment (61) (110) (90) (180) (19,562)
Proceeds on disposal of mineral property 0 0 0 0 188
Proceeds on disposal of plant and equipment 0 0 0 0 52
Cash transferred to Allied Nevada Gold Corp., net of receivable 0 0 0 0 (24,517)
Net cash provided by/used in investing activities (3,567) (117) (3,324) 241 (44,738)
Cash flows from financing activities:          
Net proceeds from equity financings - Note 10 28,988 0 28,988 0 137,074
Repayment of convertible notes 0 (2,233) (23,000) (2,233) (26,108)
Proceeds from exercise of warrants 48 0 48 0 39,068
Proceeds from exercise of stock options 359 0 432 0 3,523
Issuance of convertible notes 0 0 0 0 28,345
Transaction costs 0 0 0 0 (1,841)
Net cash provided by/(used in) financing activities 29,395 (2,233) 6,468 (2,233) 180,061
Increase/(decrease) in cash and cash equivalents 20,305 (8,425) (6,847) (11,681) 59,133
Decrease in cash and cash equivalents - discontinued operations 0 0 0 0 (26,816)
Net increase/(decrease) in cash and cash equivalents 20,305 (8,425) (6,847) (11,681) 32,317
Cash and cash equivalents, beginning of period 12,686 25,152 39,838 28,408 674
Cash and cash equivalents, end of period $ 32,991 $ 16,727 $ 32,991 $ 16,727 $ 32,991