Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative instruments, future settlement

At September 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	$	3,915	$	—
Average silver price	$	16.86	$	—
Notional ounces	232,200		—
Provisional gold sales contracts	$	33,887	$	—
Average gold price	$	1,299	$	—
Notional ounces	26,087		—

Fair value of the derivative instruments

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

	September 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	$	44	$	255	$	—	$	—

	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 nine months ended September 30, 2017 and 2016 (in thousands):

		Three months ended September 30,						Nine months ended September 30,
Financial statement line	Derivative	2017			2016			2017		2016
Revenue	Provisional silver and gold sales contracts	$	(45	)	$	(784	)	$	551	$	378
Fair value adjustments, net	Palmarejo gold production royalty	—			(110		)	—		(5,866		)
Fair value adjustments, net	Silver and gold options	—			—			—		(1,582		)
		$	(45	)	$	(894	)	$	551	$	(7,070	)