CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Cash paid to suppliers and employees	$ 8,457	$ 16,468
Cash received from gold and silver sales	20,319	21,985
Dividends received from Minera Santa Cruz S.A.	2,626
Interest received	220	98
Cash provided by (used in) operating activities	14,708	5,615
Cash flows from investing activities:
Acquisition of mineral property interests	(450)
Additions to property and equipment	(145)	(192)
Investment in marketable equity securities		(1,114)
Cash (used in) provided by investing activities	(595)	(1,306)
Cash flows from financing activities:
Short-term bank indebtedness (note 6)	(3,395)
Return of capital distribution paid (note 7)	(1,489)
Share repurchase (note 7)	(582)
Cash provided by financing activities	(5,466)
Effect of exchange rate change on cash and cash equivalents	102	(120)
Increase (decrease) in cash and cash equivalents	8,749	4,189
Cash and cash equivalents, beginning of period	25,874	12,380
Cash and cash equivalents, end of period	34,623	16,569
Reconciliation of net loss to cash provided by (used in) operating activities:
Net loss	12,985	6,021
Adjustments to reconcile net loss to from operating activities:
Loss (Income) from investment in Minera Santa Cruz S.A., net of amortization	(4,963)	(329)
Other-than-temporary impairment on marketable equity securities (note 2)	285
Recovery of deferred income taxes	(1,867)	(1,163)
Stock-based compensation	353	409
Depreciation	239	272
Accretion of asset retirement obligation	124	101
Amortization of mineral property interests and asset retirement obligations	322	322
Foreign exchange loss	(102)	120
Gain on sale of marketable securities	(22)
Change in non-cash working capital items:
Increase in VAT taxes receivable, net of collection of $4,256 (2014 - $5,049)	5,905	1,334
Increase (decrease) in other assets related to operations	206	(129)
(Decrease) increase in liabilities related to operations	(1,383)	(1,343)
Dividends received from Minera Santa Cruz S.A.	2,626
Cash provided by (used in) operating activities	$ 14,708	$ 5,615

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-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3536-108585

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- Definition

The net cash inflow or cash outflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity that is collateralized (backed by pledge, mortgage or other lien in the entity's assets).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 9
-Subparagraph c
-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3098-108585

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- Definition

The noncash expense that accounts for the value of stock or unit options distributed to employees as compensation.

+ References

+ Details

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