CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 25,874	$ 12,380
Investments (note 3)	1,032	1,082
Value added taxes receivable	10,032	11,739
Inventories (note 4)	14,975	12,404
Other current assets	2,530	2,096
Total current assets	54,443	39,701
Mineral property interests (note 5)	237,245	287,812
Investment in Minera Santa Cruz S.A. (note 6)	167,107	177,018
Property and equipment, net (note 7)	15,759	17,896
Other assets	531	531
TOTAL ASSETS	475,085	522,958
Current liabilities:
Accounts payable and accrued liabilities	18,429	21,654
Short-term bank indebtedness (note 9)	3,395
Current portion of asset retirement obligation (note 5)	215	2,427
Total current liabilities	22,039	24,081
Asset retirement obligation, less current portion (note 5)	7,569	5,044
Deferred income tax liability (note 8)	26,899	51,899
Deferred rent expense	286	319
Other liabilities		400
Total liabilities	56,793	81,743
Shareholders' equity:
Common stock, no par value, 500,000 shares authorized; Common: 274,421 as of December 31, 2015 and 271,579 as of December 31, 2014 issued and outstanding; Exchangeable: 24,213 shares as of December 31, 2015 and 28,521 shares as of December 31, 2014 issued and outstanding	1,359,144	1,360,668
Accumulated deficit	(940,027)	(919,577)
Accumulated other comprehensive (loss) income	(825)	124
Total shareholders' equity	418,292	441,215
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY	$ 475,085	$ 522,958