Mineral Properties

6 Months Ended

Jun. 30, 2017

3. Mineral Properties


	At June 30, 2017		At December 31, 2016
Mt Todd, Australia	$	2,146	$	2,146
Guadalupe de los Reyes, Mexico		1,728		1,728
	$	3,874	$	3,874

Long Valley Claims

During the first half of 2017, we sold our Long Valley unpatented mining claims located in California for consideration, net of transaction costs, of $358 which was paid at closing; a future payment of $500 one month after the start of commercial production; a future payment of $500 on or prior to the first anniversary of the start of commercial production; and a net smelter return royalty (“NSR”) on any future production from said claims at a variable rate between 0.5% and 2.0% depending on the average gold price realized. This sale resulted in a realized gain of $358 in the first half of 2017.

Utah Claims

During the first half of 2016, we sold our unpatented mining claims located in Utah for $150 and a 2% NSR on any future production from said claims. This sale resulted in a realized gain of $150 in the first half of 2016.