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Supplemental Cash Flow Information and Material Non-Cash Transactions
 12 Months Ended
Dec. 31, 2011
Supplemental Cash Flow Information and Material Non-Cash Transactions [Abstract]  
Supplemental Cash Flow Information and Material Non-Cash Transactions

17. Supplemental Cash Flow Information and Material Non-Cash Transactions

As of December 31, 2011, 2010 and 2009, all of our cash was held in liquid bank deposits.

Significant non-cash transactions during the year ended December 31, 2011 included the following:

 
·
the receipt of 30,402,615 Midas Gold Shares in exchange for our Yellow Pine assets with a carrying value of $800.  The fair value of the Midas Gold Shares was determined to be $78,872 upon receipt (see Note 7);

 
·
the issuance of 450,000 compensation options as compensation to the Underwriters' of our April 20, 2011 equity financing (see Note 10); and

 
·
the acquisition of mineral properties for the partial consideration of a $635 obligation, which is due upon the achievement of certain milestones.

Significant non-cash transactions during the year ended December 31, 2010 included the following:

 
·
the issuance of 1,902,684 Common Shares as partial consideration for the repurchase of Notes in the principal amount of $5,667 and interest payable through to the maturity date of $691.

 
·
the receipt of 800,000 common shares in the capital of Black Isle Resources Corp. for the repayment of an outstanding $662 loan that was previously written off as an uncollectible receivable.  These common shares were valued at $38 when received and, accordingly, were recorded as a gain in our Consolidated Statement of Income/(Loss); and

 
·
issuance of compensation options and special warrants to finders and agents as part of 2010 private placement.

There were no significant non-cash transactions during the year ended December 31, 2009.