DEBT



	March 31, 2017				December 31, 2016
In thousands	Current		Non-Current		Current		Non-Current
Senior Notes, net⁽¹⁾	$	—	$	176,114	$	—	$	175,991
Capital lease obligations	13,451		29,511		12,039		22,866
	$	13,451	$	205,625	$	12,039	$	198,857

⁽¹⁾Net of unamortized debt issuance costs and premium received of $1.9 million and $2.0 million at March 31, 2017 and December 31, 2016, respectively.

7.875% Senior Notes due 2021

On or after February 1, 2017, the Company may redeem some or all of the Senior Notes at the applicable redemption prices set forth in the Indenture for the Senior Notes, together with accrued and unpaid interest.

Lines of Credit

At March 31, 2017, the Company’s subsidiary that holds the San Bartolomé mine had an available line of credit for $12.0 million that matures in June 30, 2018, bearing interest at 6.0% per annum, which is secured by machinery and equipment. There was no outstanding balance at March 31, 2017.

Capital Lease Obligations

From time to time, the Company acquires mining equipment under capital lease agreements. In the three months ended March 31, 2017, the Company entered into new lease financing arrangements primarily for diesel generators at Kensington and mining equipment at Rochester. All capital lease obligations are recorded, upon lease inception, at the present value of future minimum lease payments.

Interest Expense



	Three months ended March 31,
In thousands	2017			2016
Senior Notes	$	3,504		7,457
Term Loan due 2020	—			2,264
Capital lease obligations	306			265
Accretion of Palmarejo gold production royalty obligation	—			765
Amortization of debt issuance costs	166			631
Accretion of debt premium	(43		)	(91		)
Other debt obligations	16			32
Capitalized interest	(363		)	(203		)
Total interest expense, net of capitalized interest	$	3,586		$	11,120