Acquisitions (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Purchase Price and Acquired Assets and Liabilities

The allocation of purchase price to the acquired assets and liabilities assumed at December 31, 2017 was preliminary. The Company completed its review of the valuation methodologies used to estimate the fair value of property, plant and equipment and mining properties in 2018. The final purchase price allocation resulted in an increase to property, plant and equipment and deferred income tax liabilities of $6.6 million and $3.2 million, respectively, and a decrease to mining properties, net of $3.4 million. The final purchase price allocation is as follows (in thousands):



Common shares issued (4,191,679 at $8.59)	$	36,007
Cash	153,194
Contingent consideration	47,705
Total purchase price⁽¹⁾	$	236,906
Assets:
Receivables and other assets	$	6,828
Property, plant, and equipment	36,568
Mining properties, net	285,054
	328,450
Liabilities:
Accounts payable and accrued liabilities	13,068
Asset retirement obligation	6,982
Debt and capital lease	20,149
Deferred income taxes	51,345
	91,544
Net assets acquired	$	236,906

⁽¹⁾ Purchase price has been adjusted for restricted cash acquired due to the adoption of ASU 2016-01.

The purchase price and acquired assets and liabilities were as follows (in thousands except share data):



Common shares issued (4,268,703 at $4.40)	$	18,782
Transaction advisory fees and other acquisition costs	246
Total purchase price	$	19,028
Assets:
Prepaid expenses and other	527
Mining properties, net	18,501
Net assets acquired	$	19,028

Total consideration and acquired assets and liabilities were as follows (in thousands except share data):



Common shares issued (12,122,683 at $5.27)	$	63,887
Fair value of existing investment in Northern Empire	7,257
Transaction advisory fees and other acquisition costs	2,449
Total consideration	73,593
Assets:
Cash	5,309
Receivables and other current assets	465
Restricted assets	4,300
Property, plant, and equipment	1,351
Mining properties, net	99,515
Deferred income taxes	587
	111,527
Liabilities:
Accounts payable and accrued liabilities	10,895
Reclamation liabilities	2,659
Deferred income taxes	24,380
	37,934
Net assets acquired	$	73,593