XML 38 R3.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 31,062 $ 70,921
Investment in gold and silver bullion (market value - 2013 - nil; 2012 - $2,062) (note 4)   1,690
IVA taxes receivable 10,129 9,150
Inventories (note 3) 7,807 7,262
Other current assets 1,922 2,895
Total current assets 50,920 91,918
Mineral property interests (note 5) 724,841 767,067
Restrictive time deposits for reclamation bonding (note 5) 5,183 5,183
Investment in Minera Santa Cruz S.A. (note 6) 177,080 273,948
Property and equipment, net 15,143 12,767
Other assets 84 54
TOTAL ASSETS 973,251 1,150,937
Current liabilities:    
Accounts payable and accrued liabilities 10,041 21,235
Litigation settlement liability (notes 7 and 12)   3,830
Current portion of asset retirement obligation (note 5) 1,351 130
Total current liabilities 11,392 25,195
Asset retirement obligation, less current portion (note 5) 5,265 6,229
Deferred income tax liability (notes 2 and 5) 198,497 229,522
Other liabilities 400 400
Total liabilities 215,554 261,346
Shareholders' equity:    
Common stock, no par value, 500,000 shares authorized; Common: 263,626 shares as of September 30, 2013 and 212,646 shares as of December 31, 2012 issued and outstanding exchangeable: 33,533 shares as of September 30, 2013 and 83,379 shares as of December 31, 2012 issued and outstanding 1,354,279 1,349,777
Accumulated deficit (596,291) (459,892)
Accumulated other comprehensive loss (291) (294)
Total shareholders' equity 757,697 889,591
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $ 973,251 $ 1,150,937