Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative instruments, future settlement

At March 31, 2017, the Company had the following provisionally priced sales that settle as follows:

In thousands except average prices and notional ounces	2017		Thereafter
Provisional silver sales contracts	$	1,403	$	—
Average silver price	$	17.74	$	—
Notional ounces	79,084		—
Provisional gold sales contracts	$	35,849	$	—
Average gold price	$	1,211	$	—
Notional ounces	29,603		—

Fair value of the derivative instruments

The following summarizes the classification of the fair value of the derivative instruments:

	March 31, 2017
In thousands	Prepaid expenses and other		Accrued liabilities and other		Current portion of royalty obligation		Non-current portion of royalty obligation
Provisional silver and gold sales contracts	$	614	$	4	$	—	$	—

	December 31, 2016
In thousands	Prepaid expenses and other	Accrued liabilities and other	Current portion of royalty obligation	Non-current portion of royalty obligation
Provisional silver and gold sales contracts	—	762	—	—

Gain losses on derivative instruments

The following represent mark-to-market gains (losses) on derivative instruments for the three months ended March 31, 2017 and 2016 (in thousands):

		Three months ended March 31,
Financial statement line	Derivative	2017		2016
Revenue	Provisional silver and gold sales contracts	$	1,372	$	566
Fair value adjustments, net	Palmarejo gold production royalty	—		(4,878		)
Fair value adjustments, net	Silver and gold options	—		(1,568		)
		$	1,372	$	(5,880	)