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Commitments And Contingencies
 9 Months Ended
Sep. 30, 2012
Commitments And Contingencies [Abstract]  
Commitments And Contingencies

13. Commitments and Contingencies 

 

Refer to Note 6 for commitments in connection with Las Cardones plant and equipment. 

 

The Company’s exploration and development activities are subject to various laws and regulations governing the protection of the environment.  These laws and regulations are continually changing and are generally becoming more restrictive.  As such, the future expenditures that may be required for compliance with these laws and regulations cannot be predicted.  The Company conducts its operations to minimize effects on the environment and believes its operations are in compliance with applicable laws and regulations in all material respects. 

 

The Company has entered into, or may enter into, various agreements to find, lease or purchase mineral interests.  These agreements typically require initial payments plus future payments for the life of the agreement; and may include provisions requiring the Company to pay NSR royalties at production. The Company can at its discretion terminate any of these agreements within defined notice periods.