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Income and Mining Tax Benefit
6 Months Ended
Jun. 30, 2013
Income Tax Disclosure [Abstract]  
Income and Mining Tax Benefit
Income and Mining Tax Expense (Benefit)
Income and mining taxes for the three months ended June 30, 2013 and 2012 was an expense of $2.0 million and a benefit of $10.8 million, respectively. Income and mining taxes for the six months ended June 30, 2013 and 2012 was a benefit of $1.2 million and $22.9 million, respectively. The tax expense and benefit for the three and six months ended June 30, 2013, respectively, differs from the tax that would result from applying the Canadian federal and provincial income tax rates primarily due to three items: the US percentage depletion benefit; the pre-tax Endako Mine book loss, which has no tax benefit as a result of a valuation allowance recognized, in part, as a result of the asset impairment in the fourth quarter of 2012; and the reduction of a valuation allowance, in part, as a result of the tax treatment of interest expense. The tax benefit for the three and six months ended June 30, 2012 differs from the tax that would result from applying the Canadian federal and provincial income tax rates primarily due to the US percentage depletion benefit and the pre-tax book loss, attributable primarily to Canadian operations. The tax benefit for the six months ended June 30, 2012 was also impacted by an immaterial correction of $1.8 million related to the British Columbia mineral tax associated with TCM's share of the expansion costs at the Endako Mine. The adjustment relates to the three months ended December 31, 2011.