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Summary of Significant Accounting Policies (Tables) | 3 Months Ended
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Mar. 31, 2015
Summary of Significant Accounting Policies [Abstract] |
Mineral properties | Our carrying balance in the Mt. Emmons property at March 31, 2015 and December 31, 2014 is as follows:
|  | (In thousands) |
|  | March 31, |  |  | December 31, |
|  | 2015 |  |  | 2014 |
Costs associated with Mount Emmons |  |  |  |  |  |
beginning of year |  | $ | 21,942 |  |  | $ | 20,739 |
Property purchase (1) |  |  | -- |  |  |  | 1,203 |
Costs at the end of the period |  | $ | 21,942 |  |  | $ | 21,942 |
(1)On January 21, 2014, the Company acquired Thompson Creek Metals' ("TCM") 50% interest in 160 acres of fee land in the vicinity of the Mt. Emmons project mining claims for $1.2 million. The property was originally acquired jointly by the Company and TCM in January 2009.
Components of property and equipment | Components of Property, Plant and Equipment as of March 31, 2015 and December 31, 2014 are as follows:
|  | (In thousands) |
|  | March 31, |  |  | December 31, |
|  | 2015 |  |  | 2014 |
Property, plant and equipment |  | $ | 8,320 |  |  | $ | 8,346 |
Less accumulated depreciation |  |  | (4,441 | ) |  |  | (4,404 | )
Net book value |  | $ | 3,879 |  |  | $ | 3,942 |

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- Definition Tabular disclosure of the 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. + References No definition available. + Details
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- Definition Tabular disclosure of aggregate capitalized costs relating to mineral properties. + References No definition available. + Details
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- Details
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