Plant And Equipment

12 Months Ended

Dec. 31, 2012

6. Plant and Equipment


		December 31, 2012						December 31, 2011
		Cost		Accumulated depreciation		Net		Cost		Accumulated depreciation		Net

Mt. Todd, Australia	$	3,497	$	1,124	$	2,373	$	1,660	$	689	$	971
Los Cardones, Mexico		1,194		109		1,085		18,238		92		18,146
Guadalupe de los Reyes, Mexico		21		3		18		-		-		-
Corporate, United States		556		440		116		430		377		53
Awak Mas, Indonesia		242		242		-		233		171		62
Plant and equipment	$	5,510	$	1,918	$	3,592	$	20,561	$	1,329	$	19,232

Assets held for sale	$	10,000	$	-	$	10,000	$	-	$	-	$	-

As part of the Earn-in Right Agreement, Invecture had the right to cause DZ Mexico to acquire certain mill equipment from Vista for $16,000 (the equipment’s then book value) plus certain storage, insurance and transportation costs and any applicable taxes provided that notice of exercise of the right is received by February 7, 2013. During November 2012, Invecture notified us that they would not be exercising this right. As a result, we have written the mill equipment down to its estimated fair value of $10,000, based on an independent assessment from a third party who has been contracted to sell the mill equipment on our behalf. These assets are now classified as assets held for sale.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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