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OPERATING SEGMENT REPORTING (Tables)
3 Months Ended
Mar. 31, 2013
OPERATING SEGMENT REPORTING  
Schedule of operating segments

 

 

 

 

 

 

 

 

 

 

Corporate &

 

 

 

 

 

Argentina

 

Mexico

 

U.S.

 

Other

 

Total

 

 

 

(in thousands)

 

For the three months ended March 31, 2013

 

 

 

 

 

 

 

 

 

 

 

Gold and silver sales

 

$

 

$

13,498

 

$

 

$

 

$

13,498

 

Loss on investment in Minera Santa Cruz S.A. (net of amortization)

 

(237

)

 

 

 

(237

)

Production costs applicable to sales

 

 

10,593

 

 

 

10,593

 

Mine development costs

 

 

471

 

 

 

471

 

Exploration costs

 

11,462

 

2,485

 

580

 

73

 

14,600

 

Operating loss

 

(11,912

)

(2,050

)

(945

)

(3,460

)

(18,367

)

As at March 31, 2013

 

 

 

 

 

 

 

 

 

 

 

Investment in Minera Santa Cruz S.A.

 

273,711

 

 

 

 

273,711

 

Mineral property interests

 

539,092

 

12,282

 

215,301

 

 

766,675

 

Total assets

 

818,172

 

46,798

 

219,561

 

40,432

 

1,124,963

 

 

 

 

 

 

 

 

 

 

Corporate &

 

 

 

 

 

Argentina

 

Mexico

 

U.S.

 

Other

 

Total

 

 

 

(in thousands)

 

For the three months ended March 31, 2012

 

 

 

 

 

 

 

 

 

 

 

Income on investment in Minera Santa Cruz S.A. (net of amortization) (as adjusted - note 5)

 

$

3,049

 

$

 

$

 

$

 

$

3,049

 

Mine construction costs

 

 

4,363

 

 

 

4,363

 

Exploration costs

 

4,805

 

4,755

 

1,814

 

410

 

11,784

 

Operating loss

 

(2,423

)

(10,815

)

(2,329

)

(5,557

)

(21,124

)

As at December 31, 2012

 

 

 

 

 

 

 

 

 

 

 

Investment in Minera Santa Cruz S.A.

 

273,948

 

 

 

 

273,948

 

Mineral property interests

 

539,092

 

12,707

 

215,268

 

 

767,067

 

Total assets

 

825,047

 

47,359

 

220,148

 

58,383

 

1,150,937