FAIR VALUE ACCOUNTING (Tables)

12 Months Ended

Dec. 31, 2015

FAIR VALUE ACCOUNTING

Schedule of assets and liabilities measured at fair value on a recurring basis by level within the fair value hierarchy

	Fair Value as at December 31, 2015
	Total		Level 1		Level 2		Level 3
Assets:
Investments	$	1,032	$	1,032	$	—	$	—
	$	1,032	$	1,032	$	—	$	—

	Fair Value as at December 31 2014
	Total		Level 1		Level 2		Level 3
Assets:
Investments	$	1,082	$	1,082	$	—	$	—
	$	1,082	$	1,082	$	—	$	—
Liabilities:
Portion of accounts payable and accrued liabilities recorded at fair value	$	355	$	355	$	—	$	—
	$	355	$	355	$	—	$	—

Summary of the quantitative and qualitative information related to the unobservable inputs used in the calculation of the Company's non-recurring Level 3 fair value measurements

	2015
	Date of Fair Value			Range /
	Measurement	Valuation Technique	Unobservable Input	Weighted Average
			Discount Rate		10	%
		Discounted cash flow	Long Term Gold Price	$	1,245	per ounce
Investment in MSC	December 31, 2015	for operating mine	Long Term Silver Price	$	18	per ounce
			Argentina Inflation Index		21	%
			United States Inflation Index		2.4	%

	2014
	Date of Fair Value			Range /
	Measurement	Valuation Technique	Unobservable Input	Weighted Average
			Discount to reflect decline in
		Market value per	observed market value of comparable		35	%
Los Azules Copper Project	December 31, 2014	pound of copper	transactions from June 2014 (date of
		equivalent mineralized	the last impairment test) to December
		material	31, 2014
			Discount Rate		10	%
		Discounted cash flow	Long Term Gold Price	$	1,300	per ounce
		for operating mine	Long Term Silver Price	$	20.50	per ounce
	December 31, 2014		Argentina Inflation Index		11.9	%
Investment in MSC			United States Inflation Index		2.1	%
		Market value per acre	Discount to observed market value
Investment in MSC	December 31, 2014	for exploration	pre acre to reflect Argentina country		20	%
		properties	risk

Schedule of assets measured at fair value on a nonrecurring basis after initial recognition

		2015
	Date of Fair Value									Total
	Measurement	Total		Level 1		Level 2		Level 3		Impairment
Mineral property interests
Los Azules Copper Project	December 31, 2015		191,490		—		—		191,490		11,399
Tonkin Complex	December 31, 2015		4,833		—		—		4,833		14,939
Gold Bar Complex	December 31, 2015		30,730		—		—		30,730		20,847
North Battle Mountain Complex	December 31, 2015		785		—		—		785		1,443
Investment in MSC	December 31, 2015		167,107		—		—		167,107		11,777
		$	394,945	$	—	$	—	$	394,945	$	60,405

		2014
	Date of Fair Value									Total
	Measurement	Total		Level 1		Level 2		Level 3		Impairment
Mineral property interests
Los Azules Copper Project	December 31, 2014	$	202,889	$	—	$	—	$	202,889	$	228,301
Tonkin Complex	December 31, 2014		20,423		—		—		20,423		31,391
Gold Bar Complex	December 31, 2014		51,577		—		—		51,577		25,435
North Battle Mountain Complex	December 31, 2014		2,227		—		—		2,227		1,921
Investment in MSC	December 31, 2014		177,018		—		—		177,018		21,162
		$	454,134	$	—	$	—	$	454,134	$	308,210