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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2017
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Adjustments to Comprehensive income (Loss)
 
Year ended December 31,
In thousands
2017
 
2016
 
2015
Rochester royalty obligation
$
(864
)
 
$
(4,133
)
 
$
818

Palmarejo royalty obligation embedded derivative
—

 
(5,866
)
 
3,101

Silver and gold options
—

 
(1,582
)
 
1,283

Fair value adjustments, net
$
(864
)
 
$
(11,581
)
 
$
5,202
Financial assets and liabilities measured at fair value on recurring basis
The following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis (at least annually) by level within the fair value hierarchy. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement:
 
Fair Value at December 31, 2017
In thousands
Total
 
Level 1
 
Level 2
 
Level 3  
Assets:
 
 
 
 
 
 
 
Equity and debt securities
$
34,837

 
$
27,946

 
$
—

 
$
6,891

Other derivative instruments, net
251

 
—

 
251

 
—

 
$
35,088

 
$
27,946

 
$
251

 
$
6,891

Liabilities:
 
 
 
 
 
 
 
Silvertip contingent consideration
$
47,965

 
$
—

 
$
—

 
$
47,965

Other derivative instruments, net
222

 
—

 
222

 
—

 
$
48,187

 
$
—

 
$
222

 
$
47,965


 
 
Fair Value at December 31, 2016
In thousands
Total
 
Level 1
 
Level 2
 
Level 3  
Assets:
 
 
 
 
 
 
 
Equity securities
$
4,488

 
$
4,209

 
$
—

 
$
279

 
$
4,488

 
$
4,209

 
$
—

 
$
279

Liabilities:
 
 
 
 
 
 
 
Rochester royalty obligation
$
9,287

 
$
—

 
$
—

 
$
9,287

Other derivative instruments, net
762

 
—

 
762

 
—

 
$
10,049

 
$
—

 
$
762

 
$
9,287
Changes in the fair value of the Company's Level 3 financial liabilities
The following tables present the changes in the fair value of the Company's Level 3 financial assets and liabilities for the years ended December 31, 2017 and 2016:
 
Year Ended December 31, 2017
In thousands
Balance at the beginning of the period
 
Additions
 
Revaluation
 
Settlements
 
Gain on settlement
 
Balance at the
end of the
period
Assets:
 
 
 
 
 
 
 
 
 
 
 
Equity and debt securities
$
279

 
$
6,677

 
$
(65
)
 
$
—

 
$
—

 
$
6,891

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
Rochester royalty obligation
$
9,287

 
$
—

 
$
864

 
$
(7,819
)
 
$
(2,332
)
 
$
—

Silvertip contingent consideration
$
—

 
$
47,705

 
$
260

 
$
—

 
$
—

 
$
47,965


 
Year Ended December 31, 2016
In thousands
Balance at the beginning of the period
 
Additions
 
Revaluation
 
Settlements
 
Gain on settlement
 
Balance at the
end of the
period
Assets:
 
 
 
 
 
 
 
 
 
 
 
Equity and debt securities
$
10

 
$
—

 
$
272

 
$
(3
)
 
$
—

 
$
279

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
Palmarejo royalty obligation embedded derivative
$
4,957

 
$
—

 
$
5,866

 
$
(10,823
)
 
$
—

 
$
—

Rochester royalty obligation
$
9,593

 
$
—

 
$
4,133

 
$
(4,439
)
 
$
—

 
$
9,287
Financial Assets and Liabilities not Measured at Fair Value
The fair value of financial assets and liabilities carried at book value in the financial statements at December 31, 2017 and December 31, 2016 is presented in the following table:
 
December 31, 2017
In thousands
Book Value
 
Fair Value
 
Level 1
 
Level 2
 
Level 3  
Liabilities:
 
 

 
 
 
 
 
 
5.875% Senior Notes due 2024(1)
$
245,088

 
$
243,913

 
$
—

 
$
243,913

 
$
—

Revolving Credit Facility(2)
$
100,000

 
$
100,000

 
$
—

 
$
100,000

 
$
—


(1)
Net of unamortized debt issuance costs of $4.9 million.
(2)
Unamortized debt issuance costs of $1.9 million at December 31, 2017 included in Other Non-Current Assets.
 
December 31, 2016
In thousands
Book Value
 
Fair Value
 
Level 1
 
Level 2
 
Level 3  
Liabilities:
 
 
 
 
 
 
 
 
 
7.875% Senior Notes due 2021(1)
$
175,991

 
$
184,373

 
$
—

 
$
184,373

 
$
—


(1)
Net of unamortized debt issuance costs and premium received of $2.0 million.