Plant And Equipment

9 Months Ended

Sep. 30, 2014

6. Plant and Equipment


		September 30, 2014						December 31, 2013
		Cost		Accumulated depreciation		Net		Cost		Accumulated depreciation		Net

Mt Todd, Australia	$	5,483	$	2,578	$	2,905	$	5,476	$	1,993	$	3,483
Guadalupe de los Reyes, Mexico		17		7		10		17		5		12
Corporate, United States		403		273		130		780		577		203
	$	5,903	$	2,858	$	3,045	$	6,273	$	2,575	$	3,698

		September 30, 2014						December 31, 2013
		Book value beginning of period		Write-downs during the period		Book value end of period		Book value beginning of period		Write-downs during the period		Book value end of period
Assets held for sale (mill equipment)	$	6,500	$	-	$	6,500	$	10,000	$	3,500	$	6,500

During the year ended December 31, 2013, given the relatively weak market conditions in the gold mining sector, and based on an updated independent assessment from a third party, we recorded a Level 3 impairment charge of $3,500 to write-down the value of the mill equipment which is held for sale (Note 11).

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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