GOLD AND SILVER BULLION (Tables)

6 Months Ended

Jun. 30, 2013

GOLD AND SILVER BULLION

Schedule of gold and silver holdings

	As at June 30, 2013				As at December 31, 2012
	Gold		Silver		Gold		Silver
	(dollars in thousands, except ounces and per ounce)
Number of ounces	793		24,969		793		24,969
Average cost per ounce	$	1,192.00	$	18.86	$	1,278.63	$	27.08
Total cost	$	945	$	471	$	1,014	$	676
Fair value per ounce	$	1,192.00	$	18.86	$	1,657.50	$	29.95
Total fair value	$	945	$	471	$	1,314	$	748

Schedule of changes of gold and silver holdings

	Six months ended June 30, 2013									Year ended December 31, 2012
	Gold			Silver			Total			Gold			Silver			Total
	(in thousands)
Opening Balance	$	1,014		$	676		$	1,690		$	7,232		$	15,578		$	22,810
Proceeds from sale	—			—			—			(7,982		)	(15,854		)	(23,836		)
Gain on sale	—			—			—			1,764			1,311			3,075
Unrealized loss	(69		)	(205		)	(274		)	—			(359		)	(359		)
Ending Balance	$	945		$	471		$	1,416		$	1,014		$	676		$	1,690