Acquisitions (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

he purchase price allocation was based on the fair value of acquired assets and liabilities as follows (in thousands):



Assets:
Cash	$	982
Receivables	3,061
Inventory	2,147
Ore on leach pads	12,710
Other current assets	2,924
Property, plant, and equipment	30,055
Mining properties, net	77,424
Other non-current assets	3,966
	133,269
Liabilities:
Accounts payable and accrued liabilities	5,938
Reclamation	18,270
Deferred income taxes	5,915
Other non-current liabilities	3,750
	33,873
Net assets acquired	$	99,396

The purchase price and acquired assets and liabilities were as follows (in thousands except share data):



Common shares issued (32,667,327 at $5.78)	$	188,817
Cash	8,530
Transaction advisory fees and other acquisition costs	4,020
Total purchase price	201,367
Assets:
Cash	118
Receivables and other current assets	1,685
Property, plant, and equipment	215
Mining properties, net	305,175
	307,193
Liabilities:
Accounts payable and accrued liabilities	2,737
Deferred income taxes	103,089
	105,826
Net assets acquired	$	201,367

Business Acquisition, Pro Forma Information

The following table presents the unaudited pro forma summary of the Company’s Condensed Consolidated Statements of Comprehensive Income (Loss) for the years ended December 31, 2015, 2014, and 2013 as if the acquisition had occurred on January 1, 2013. The following unaudited pro forma financial information is presented for informational purposes only and is not necessarily indicative of the results of operations as they would have been had the transaction occurred on the assumed date, nor is it necessarily an indication of trends in future results for a number of reasons, including, but not limited to, differences between the assumptions used to prepare the pro forma information, potential synergies, and cost savings from operating efficiencies.



	Year ended December 31,
In thousands	2015			2014			2013
Revenue	$	664,086		$	729,742		$	823,994
Income (loss) before income and mining taxes	(393,498		)	(1,587,128		)	(786,679		)
Net income (loss)	(367,235		)	(1,158,874		)	(628,563		)