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Financial Instruments | 12 Months Ended
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Dec. 31, 2014
Financial Instruments [Abstract] |
Financial Instruments | 14. Fair Value Accounting The following table sets forth the Company’s assets measured at fair value by level within the fair value hierarchy. As required by accounting guidance, assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.
|  |  |  | Fair value at December 31, 2014
|  |  |  | Total |  | Level 1 |  | Level 3
Assets: |  |  |  |  |  |  |  |
| Marketable securities |  | $ | 137 | $ | 137 | $ | -
| Other Investments (Midas Gold Shares) |  |  | 6,163 |  | 6,163 |  | -
| Mill Equipment |  |  | 6,500 |  | - |  | 6,500
|  |  |  | Fair value at December 31, 2013
|  |  |  | Total |  | Level 1 |  | Level 3
Assets: |  |  |  |  |  |  |  |
| Cash equivalents |  | $ | 3,000 | $ | 3,000 | $ | -
| Marketable securities |  |  | 176 |  | 176 |  | -
| Other Investments (Midas Gold Shares) |  |  | 20,990 |  | 20,990 |  | -
| Amayapampa interest (Note 7) |  |  | 4,813 |  | - |  | 4,813
| Mill Equipment |  |  | 6,500 |  | - |  | 6,500
Our cash equivalent instruments, marketable securities and investment in Midas Gold Shares are classified as Level 1 of the fair value hierarchy as they are valued at quoted market prices in an active market. The Company incurred a Level 3 impairment loss on certain mill equipment (Note 6) for the year ended December 31, 2013. This equipment was valued at $6,500 at December 31, 2014 and 2013 based on a third party assessment of the projected sale value, net of commissions and other costs to sell, giving full consideration to current market conditions and an orderly sale process. This valuation was used to determine the Level 3 impairment charge taken in 2013. The mill equipment is categorized as assets held for sale on the Consolidated Balance Sheets. During 2014, the Company wrote-off the Level 3 non-recurring carrying values of the Amayapampa interest (Note 7) and the Long Valley gold project (Note 5). At December 31, 2014, the assets classified within Level 3 of the fair value hierarchy represent 51% of the total assets measured at fair value. There were no transfers between levels nor were there any changes in valuation methods in 2014.

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- Definition The entire disclosure for financial instruments. This disclosure includes, but is not limited to, fair value measurements of short and long term marketable securities, international currencies forward contracts, and auction rate securities. Financial instruments may include hedging and non-hedging currency exchange instruments, derivatives, securitizations and securities available for sale at fair value. Also included are investment results, realized and unrealized gains and losses as well as impairments and risk management disclosures. + References No definition available. + Details
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