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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 34,773 $ 70,921
Investment in gold and silver bullion (market value - 2013 - $1,416; 2012 - $2,062) (note 4) 1,416 1,690
IVA taxes receivable 9,031 9,150
Inventories (note 3) 7,967 7,262
Other current assets 4,617 2,895
Total current assets 57,804 91,918
Mineral property interests (note 5) 731,449 767,067
Restrictive time deposits for reclamation bonding (note 5) 5,183 5,183
Investment in Minera Santa Cruz S.A. (note 6) 176,282 273,948
Property and equipment, net 11,599 12,767
Other assets 54 54
TOTAL ASSETS 982,371 1,150,937
Current liabilities:    
Accounts payable and accrued liabilities 10,694 21,235
Litigation settlement liability (notes 7 and 11)   3,830
Current portion of asset retirement obligation (note 5) 1,311 130
Total current liabilities 12,005 25,195
Asset retirement obligation, less current portion (note 5) 5,237 6,229
Deferred income tax liability (notes 2 and 5) 210,654 229,522
Other liabilities 400 400
Total liabilities 228,296 261,346
Shareholders' equity:    
Common stock, no par value, 500,000 shares authorized; Common: 261,302 shares as of June 30, 2013 and 212,646 shares as of December 31, 2012 issued and outstanding Exchangeable: 35,812 shares as of June 30, 2013 and 83,379 shares as of December 31, 2012 issued and outstanding 1,353,924 1,349,777
Accumulated deficit (599,555) (459,892)
Accumulated other comprehensive loss (294) (294)
Total shareholders' equity 754,075 889,591
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $ 982,371 $ 1,150,937