INCOME TAXES	3 Months Ended
Mar. 31, 2016
INCOME TAXES
INCOME TAXES	NOTE 8 INCOME TAXES The Company’s income tax expense differs from the amount computed by applying the U.S. federal and state statutory corporate income tax rate of 35% to income before taxes primarily as a result of valuation allowances being applied to losses, changes in the deferred tax liability associated with mineral property interests acquired in the Minera Andes acquisition and changes due to impairment of mineral property interests. The deferred tax liability is impacted by fluctuations in the foreign exchange rate between the Argentine peso and U.S. dollar. For the three months ended March 31, 2016, the Company recorded an income tax recovery as a result of the Argentine peso devaluation of $1.9 million, compared to $1.2 million for the three months ended March 31, 2015.

INCOME TAXES

3 Months Ended

Mar. 31, 2016

NOTE 8 INCOME TAXES

The Company’s income tax expense differs from the amount computed by applying the U.S. federal and state statutory corporate income tax rate of 35% to income before taxes primarily as a result of valuation allowances being applied to losses, changes in the deferred tax liability associated with mineral property interests acquired in the Minera Andes acquisition and changes due to impairment of mineral property interests. The deferred tax liability is impacted by fluctuations in the foreign exchange rate between the Argentine peso and U.S. dollar. For the three months ended March 31, 2016, the Company recorded an income tax recovery as a result of the Argentine peso devaluation of $1.9 million, compared to $1.2 million for the three months ended March 31, 2015.