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FINANCIAL INSTRUMENTS (Details) (USD $)
3 Months Ended 3 Months Ended 12 Months Ended 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2014
Warrants
Mar. 31, 2013
Warrants
Mar. 31, 2014
Metal
item
Dec. 31, 2013
Metal
item
Mar. 31, 2014
Heating oil
item
Dec. 31, 2013
Heating oil
item
Mar. 31, 2014
Foreign exchange zero cost collars
Designated as hedges
Mar. 31, 2014
Foreign exchange zero cost collars
Designated as hedges
2014 expenditures
Mar. 31, 2014
Call options
Sell
item
Mar. 31, 2013
Call options
Sell
item
Dec. 31, 2013
Expected 2013 diesel fuel exposure
Designated as hedges
Heating oil
gal
Mar. 31, 2014
Equity derivative
Mar. 31, 2013
Equity derivative
Financial instruments                              
Net premium payable to counterparty                               
Amount of expenditures hedged                   180,000,000          
Number of derivative instruments outstanding         0 0 0 0     0 0      
Notional amount                         10,500,000    
Average price (in dollars per gallon)                         2.99    
Percentage of Meadowbank's expected exposure                         55.00%    
(Gain) loss on derivative financial instruments                              
Premiums realized on written foreign exchange call options                     832,000 684,000      
Realized loss on derivative financial instruments     (185,000)                        
Mark-to-market gain (loss)     3,129,000 1,465,000                   (448,000) 833,000
Gain on derivative financial instruments $ 3,328,000 $ 2,982,000