Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2015

Summary of Significant Accounting Policies [Abstract]

Our carrying balance in the Mt. Emmons property at September 30, 2015 and December 31, 2014 is as follows:


	(In thousands)
	September 30,		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 September 30, 2015 and December 31, 2014 are as follows:


	(In thousands)
	September 30,			December 31,
	2015			2014
Property, plant and equipment	$	8,166		$	8,346
Less accumulated depreciation		(4,500	)		(4,404	)
Net book value	$	3,666		$	3,942