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Derivative Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative instruments, future settlement
At June 30, 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
$
1,994

 
$
—

Average silver price
$
16.85

 
$
—

Notional ounces
118,361

 
—

 
 
 
 
Provisional gold sales contracts
$
41,176

 
$
—

Average gold price
$
1,263

 
$
—

Notional ounces
32,602

 
—
Fair value of the derivative instruments
The following summarizes the classification of the fair value of the derivative instruments:
 
June 30, 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
$
4

 
$
169

 
$
—

 
$
—

 
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 and six months ended June 30, 2017 and 2016 (in thousands):
 
 
Three months ended June 30,
 
Six months ended June 30,
Financial statement line
Derivative
2017
 
2016
 
2017
 
2016
Revenue
Provisional silver and gold sales contracts
$
(775
)
 
$
597

 
$
597

 
$
1,163

Fair value adjustments, net
Palmarejo gold production royalty
336

 
(878
)
 
(864
)
 
(5,756
)
Fair value adjustments, net
Silver and gold options
—

 
(14
)
 
—

 
(1,582
)
 
 
$
(439
)

$
(295
)
 
$
(267
)
 
$
(6,175
)