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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 34,623 $ 25,874
Investments (note 2) 460 1,032
Value added taxes receivable 4,126 10,032
Inventories (note 3) 15,769 14,975
Other current assets 1,994 2,530
Total current assets 56,972 54,443
Mineral property interests (note 4) 237,373 237,245
Investment in Minera Santa Cruz S.A. (note 5) 169,444 167,107
Property and equipment, net 15,664 15,759
Other assets (note 14) 537 531
TOTAL ASSETS 479,990 475,085
Current liabilities:    
Accounts payable and accrued liabilities 17,072 18,429
Short-term bank indebtedness (note 6)   3,395
Current portion of asset retirement obligation (note 4) 215 215
Total current liabilities 17,287 22,039
Asset retirement obligation, less current portion (note 4) 7,693 7,569
Deferred income tax liability (note 9) 25,014 26,899
Deferred rent expense 278 286
Total liabilities 50,272 56,793
Shareholders' equity:    
Common stock, no par value, 500,000 shares authorized; Common: 274,254 as of September 30, 2015 and 271,579 as of December 31, 2014 issued and outstanding; Exchangeable: 26,277 shares as of September 30, 2015 and 28,521 shares as of December 31, 2014 issued and outstanding 1,357,424 1,359,144
Accumulated deficit (927,042) (940,027)
Accumulated other comprehensive (loss) income (664) (825)
Total shareholders' equity 429,718 418,292
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $ 479,990 $ 475,085