Accounts Payable and Other Accrued Liabilities

12 Months Ended

Dec. 31, 2012

Accounts Payable and Other Accrued Liabilities

Accounts Payable and Other Accrued Liabilities

9. Accounts Payable and Other Accrued Liabilities

        The Company's accounts payable and other accrued liabilities consist of the following:

	December 31,
	2012		2011
	(in thousands)
Accounts payable and accruals	$	4,098	$	5,172
Accrued employee compensation and benefits		2,134		2,898
	$	6,232	$	8,070

• December 31, 2012

        Accounts payable and accruals at December 31, 2012 are primarily related to amounts due to contractors and suppliers in the amounts of $3.0 million, $0.7 million and $0.4 million related to the Company's Velardeña Operations, corporate administrative activities and exploration, respectively.

        Accrued employee compensation and benefits at December 31, 2012 consist of $0.1 million of accrued vacation payable and $2.0 million related to withholding taxes and benefits payable, of which $1.7 million is related to activities at the Velardeña Operations.

• December 31, 2011

        Accounts payable and accruals at December 31, 2011 are primarily related to amounts due to contractors and suppliers in the amounts of $3.0 million, $0.8 million, $0.6 million and $0.8 million related to the Company's Velardeña Operations, El Quevar project, exploration and corporate administrative activities, respectively.

        Accrued employee compensation and benefits at December 31, 2011 consist of $0.3 million of accrued vacation payable and $2.6 million related to withholding taxes and benefits payable, of which $2.1 million is related to activities at the Velardeña Operations.