XML 55 R61.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Derivative Financial Instruments and Fair Value of Financial Instruments (Details Textual)
3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 1 Months Ended 3 Months Ended 6 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 6 Months Ended
Jun. 30, 2011
USD ($)
Jun. 30, 2010
USD ($)
Jun. 30, 2011
USD ($)
Jun. 30, 2010
USD ($)
Dec. 31, 2010
USD ($)
Jun. 30, 2011
Mexican peso forward purchase contracts [Member]
Forward foreign exchange contracts [Member]
USD ($)
Jun. 30, 2010
Mexican peso forward purchase contracts [Member]
Forward foreign exchange contracts [Member]
USD ($)
Jun. 30, 2011
Mexican peso forward purchase contracts [Member]
Forward foreign exchange contracts [Member]
USD ($)
Jun. 30, 2010
Mexican peso forward purchase contracts [Member]
Forward foreign exchange contracts [Member]
USD ($)
Jun. 30, 2011
Mexican peso forward purchase contracts [Member]
Forward foreign exchange contracts [Member]
MXN
Sep. 30, 2010
Franco-Nevada warrant [Member]
USD ($)
Jun. 30, 2011
Franco-Nevada warrant [Member]
USD ($)
Jun. 30, 2010
Franco-Nevada warrant [Member]
USD ($)
Jun. 30, 2011
Franco-Nevada warrant [Member]
USD ($)
Jun. 30, 2010
Franco-Nevada warrant [Member]
USD ($)
Dec. 31, 2010
Franco-Nevada warrant [Member]
USD ($)
Jun. 30, 2011
Gold call options sold [Member]
Jun. 30, 2011
Gold forward contracts [Member]
USD ($)
Jun. 30, 2011
Palmarejo gold production royalty [Member]
XAU
Dec. 31, 2010
Palmarejo gold production royalty [Member]
USD ($)
Jan. 21, 2009
Palmarejo gold production royalty [Member]
Jun. 30, 2011
Cerro Bayo Mine [Member]
Silver [Member]
USD ($)
Jun. 30, 2011
Cerro Bayo Mine [Member]
Silver [Member]
USD ($)
Dec. 31, 2010
Cerro Bayo Mine [Member]
Silver [Member]
USD ($)
Jun. 30, 2011
Commodity [Member]
USD ($)
Jun. 30, 2011
Cerro Bayo Mine [Member]
Additional Derivative Financial Instruments and Fair Value of Financial Instruments (Textuals) [Abstract]                                                    
Payment made for gold on the end of royalty obligation                                         400000          
Total gold remain outstanding                                     288,836              
Fair value liability of the embedded derivative                       164,900,000   164,900,000   162,000,000                    
Contingent options on warrants to acquire common shares                           316,436                        
Company recognized Mark to Market loss                       4,000,000 30,000,000 2,900,000                        
Company recognized Mark to Market Gain                             1,000,000                      
Net proceeds from sale of shares                     10,000,000                              
Realized losses on settlement of the liabilities                       9,700,000 3,700,000 17,200,000 6,800,000                      
Foreign exchange contracts of MXP           32,400,000   32,400,000                                    
Weighted average exchange rate of MXP                   12.08                                
Fair value of foreign exchange contracts           300,000   300,000                                    
Mark-to-market gains and losses on forward foreign exchange contract           (700,000) (1,600,000) 300,000 (1,200,000)                                  
Mark-to-market Realized gains on forward foreign exchange contract           900,000 500,000 1,100,000 500,000                                  
Gold leased from MIC 0   0   10,000                                          
Notional ounces                                 23,750                  
Realized gains                                   500,000                
Derivative fair value of derivative liability                                                 13,100,000  
Average strike price 1,737.68   1,737.68                                              
Unrealized gain 2,400,000 800,000 1,700,000 1,600,000                                            
Received silver in connection with sales of asset                                                   12,500
Company recognized mark to market loss                                           400,000        
Company recognized mark to market gain                                             500,000      
Fair value of the contract                                       0   4,300,000 4,300,000 3,900,000    
Derivative Financial Instruments and Fair Value of Financial Instruments (Textual) [Abstract]                                                    
Fair value of gold and silver including embedded derivative 23,600,000   23,600,000   37,400,000                                          
Fixed Price of Forward gold contract         1,380                                          
Outstanding call options of gold 220,000   220,000                                              
Weighted average Strike price of call options written $1858.41 per ounce if the market price of gold exceeds the strike price   $1858.41 per ounce if the market price of gold exceeds the strike price                                              
Outstanding put options of gold 220,000   220,000                                              
Weighted average strike price of put option $943.09 per ounce if the market price of gold fall below the strike price   $943.09 per ounce if the market price of gold fall below the strike price                                              
Contract expiration date 5 years   5 years                                              
Outstanding provisionally priced sales 24,800,000   24,800,000   35,700,000                                          
Outstanding provisionally priced sales consists of silver 341,058   341,058   647,711                                          
Outstanding provisionally priced sales consists of Gold 7,471   7,471   12,758                                          
Realized gain (loss)           $ 900,000 $ 500,000 $ 1,100,000 $ 500,000