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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
3 Months Ended9 Months Ended118 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Cash flows from operating activities:     
Net income/(loss) for the period$ 10,733$ (4,145)$ 54,620$ (14,844)$ (8,718)
Adjustments to reconcile income/(loss) for the period to net cash used in operations:     
Depreciation and amortization87702472021,167
Stock-based compensation4154271,3635016,403
(Gain)/loss on disposal of marketable securities2(52)(445)(265)(8,050)
Loss on extinguishment of convertible notes0001,5651,218
Accrued interest and accretion of interest0012004,096
(Gain)/loss on disposal of mineral property00(78,072)0(79,933)
Transaction costs00001,841
Unrealized gain on long-term investment(27,762)0(27,762)0(27,762)
Write down of marketable securities0000849
Deferred tax expense9,957033,546033,546
Other non-cash items0(74)01122,477
Change in working capital account items:     
Other current assets(64)(64)(33)(498)(1,379)
Accrued interest payable1140(504)(411)(8,090)
Accounts payable, accrued liabilities and other7169295178(489)
Net cash used in operating activities(6,624)(3,529)(16,625)(13,460)(82,824)
Cash flows from investing activities:     
Purchases of marketable securities(139)(19)(267)(26)(1,626)
Proceeds from sales of marketable securities75758328511,040
Acquisition of long-term investment - Midas Gold Corp.00(3,632)0(3,632)
Proceeds from sales of short-term investments0002500
Additions to mineral property(538)(141)(588)59(7,351)
Additions to plant and equipment(165)(114)(255)(294)(19,727)
Proceeds from additional option agreement1,00001,00001,000
Proceeds on disposal of mineral property0000188
Proceeds on disposal of plant and equipment000052
Cash transferred to Allied Nevada Gold Corp., net of receivable0000(24,517)
Net cash provided by/(used in) investing activities165(217)(3,159)274(44,573)
Cash flows from financing activities:     
Net proceeds from equity financings(4)028,9840137,070
Repayment of convertible notes00(23,000)(2,242)(26,108)
Proceeds from exercise of warrants2610309039,329
Proceeds from exercise of stock options264870683,797
Issuance of convertible notes000028,345
Cash paid in lieu of capital stock issuances(107)0(107)0(107)
Transaction costs0000(1,841)
Net cash provided by/(used in) financing activities41486,892(2,234)180,485
Increase/(decrease) in cash and cash equivalents(6,045)(3,738)(12,892)(15,420)53,088
Decrease in cash and cash equivalents - discontinued operations0000(26,816)
Net increase/(decrease) in cash and cash equivalents(6,045)(3,738)(12,892)(15,420)26,272
Cash and cash equivalents, beginning of period32,99116,72639,83828,408 
Cash and cash equivalents, end of period$ 26,946$ 12,988$ 26,946$ 12,988$ 26,946