PROPERTY, PLANT AND EQUIPMENT

6 Months Ended

12 Months Ended

Jun. 30, 2013

Dec. 31, 2012

Property Plant And Equipment [Abstract]

NOTE 9 – PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following (in thousands):


	June 30, 2013			December 31, 2012
Land	$	1,888		$	2,010
Buildings and improvements		593,989			581,286
Machinery and equipment		379,912			360,199
Capitalized leases for machinery, equipment, buildings, and land		22,445			35,129

		998,234			978,624
Accumulated depreciation and amortization		(353,533	)		(313,067	)

		644,701			665,557
Construction in progress		15,632			18,303

	$	660,333		$	683,860

NOTE 12 – PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following (in thousands):


	December 31, 2012			December 31, 2011
Land	$	2,010		$	1,432
Buildings and improvements		581,286			520,137
Machinery and equipment		360,199			246,584
Capitalized leases for machinery, equipment, buildings, and land		35,129			76,244

		978,624			844,397
Accumulated depreciation and amortization		(313,067	)		(235,528	)

		665,557			608,869
Construction in progress		18,303			78,807

	$	683,860		$	687,676

The Company’s capital expenditures by segment were as follows:


	Years Ended December 31,
	2012		2011		2010
Palmarejo	$	38,456	$	36,976	$	54,226
San Bartolomé		25,672		17,731		6,159
Kensington		36,994		34,013		92,730
Rochester		11,794		27,217		2,349
Martha		1,193		3,426		100
Other		1,532		625		430

Net asset additions	$	115,641	$	119,988	$	155,994

Minimum future lease payments under capital and operating leases with terms longer than one year at December 31, 2012 are as follows:


Year Ending December 31,	Capital Leases			Operating Leases
2013	$	8,323		$	5,065
2014		2,779			4,245
2015		376			3,848
2016		223			546
2017		107			9
2018 and thereafter		230			267

Total minimum payments due		12,038		$	13,980
Less: Amount representing interest		(676	)

Present value of net minimum lease payments (See Note 14)		11,362
Less: Current maturities		(7,902	)

Non-current portion	$	3,460

The Company has also entered into various operating lease agreements which expire over the next year. Total rent expense charged to net income for all operating lease agreements was $14.1 million, $14.2 million and $10.5 million for the years ended December 31, 2012, 2011 and 2010, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details