Sale of Decker Mine Interest

6 Months Ended

Jun. 30, 2015

4. Sale of Decker Mine Interest

On September 12, 2014, we completed the sale of our 50% non-operating interest in the Decker Mine to an affiliate of Ambre Energy North America, Inc. (“Ambre Energy”). Under the terms of the agreement, Ambre Energy acquired our 50% interest in the Decker Mine and related assets and assumed all reclamation and other liabilities, giving Ambre Energy 100% ownership of the Decker Mine. As a result of this agreement, we recognized a gain on sale of the Decker Mine interest of $74.3 million during the three months ended September 30, 2014. We reported the results of our 50% interest in the Decker Mine in our Corporate and Other segment. Results of operations for the Decker Mine included in the unaudited condensed consolidated statements of operations and comprehensive income consists of the following (in thousands):

	Three Months Ended		Six Months Ended
Decker Mine	June 30, 2014		June 30, 2014
Revenues	$	5,592	$	9,557
Costs and expenses		7,730		13,701
Operating income (loss)		(2,137)		(4,144)
Other income (expense)		(14)		(28)
Income (loss) before income tax provision	$	(2,151)	$	(4,172)