XML 62 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Statement of Other Comprehensive Income [Abstract]        
Sales of metal $ 230,593 $ 343,575 $ 689,563 $ 774,289
Production costs applicable to sales (124,967) (141,253) (349,344) (310,829)
Depreciation, depletion and amortization (52,844) (58,652) (166,460) (166,334)
Gross profit 52,782 143,670 173,759 297,126
COSTS AND EXPENSES        
Administrative and general 10,266 8,236 26,456 22,294
Exploration 6,957 4,772 19,829 11,611
Loss on impairment 1,293 0 6,106 0
Pre-development, care, maintenance and other 277 3,271 1,618 17,949
Total cost and expenses 18,793 16,279 54,009 51,854
OPERATING INCOME 33,989 127,391 119,750 245,272
OTHER INCOME AND EXPENSE        
Loss on debt extinguishments 0 (784) 0 (1,640)
Fair value adjustments, net (37,648) (53,351) (44,722) (71,051)
Interest income and other 12,664 (6,610) 14,450 (1,946)
Interest expense, net of capitalized interest (7,351) (7,980) (21,578) (26,553)
Total other income and expense (32,335) (68,725) (51,850) (101,190)
Income before income taxes 1,654 58,666 67,900 144,082
Income tax provision (17,475) (27,606) (56,773) (61,947)
NET INCOME $ (15,821) $ 31,060 $ 11,127 $ 82,135
Basic income per share:        
Net income $ (0.18) $ 0.35 $ 0.12 $ 0.92
Diluted income per share:        
Net income $ (0.18) $ 0.35 $ 0.12 $ 0.92
Weighted average number of shares of common stock        
Basic 89,429 89,449 89,550 89,350
Diluted 89,429 89,739 89,690 89,702