FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2012

FINANCIAL INSTRUMENTS

Changes in AOCL balances pertaining to foreign exchange and commodity hedging activities

		2012			2011
AOCI, beginning of year	$	(4,404	)	$	–
(Gain) loss reclassified from AOCI into production cost		(2,758	)		1,459
Loss recognized in OCI – heating oil derivative financial instruments		(117	)		–
Gain (loss) recognized in OCI – foreign exchange and other derivative financial instruments		7,019			(5,863	)
AOCI, end of year	$	(260	)	$	(4,404	)

Summary of the amounts recognized in the loss (gain) on derivative financial instruments" line item of the consolidated statements of income (loss) and comprehensive income (loss)

		Years Ended December 31,
		2012			2011			2010
Premiums realized on written foreign exchange call options	$	1,505		$	4,995		$	4,845
Realized gain on foreign exchange extendible flat forward		–			–			1,797
Realized loss on foreign exchange forwards		–			(1,407	)		–
Realized gain on foreign exchange collar		–			–			711
Mark-to-market gain on foreign exchange extendible flat forward(i)		–			–			142
Realized gain on zinc derivative financial instruments		430			3,419			3,733
Realized gain (loss) on copper derivative financial instruments		63			79			(558	)
Realized loss on silver derivative financial instruments		–			(3,403	)		(3,058	)
Mark-to-market loss on warrants(i)		(1,294	)		–			–
Realized loss on heating oil derivative financial instruments		(1,523	)		–			–
(Loss) gain on derivative financial instruments	$	(819	)	$	3,683		$	7,612

• Note:

  (i)

  Mark-to-market gains and losses on financial instruments that did not qualify for hedge accounting are recognized through the loss (gain) on derivative financial instruments line item of the consolidated statements of income (loss) and comprehensive income (loss) and through the other line item of the consolidated statements of cash flow.