XML 13 R3.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 36,749 $ 25,874
Investments (note 2) 4,692 1,032
Value added taxes receivable 2,455 10,032
Inventories (note 3) 19,172 14,975
Other current assets 1,636 2,530
Total current assets 64,704 54,443
Mineral property interests (note 4) 243,051 237,245
Investment in Minera Santa Cruz S.A. (note 5) 170,807 167,107
Property and equipment, net (note 6) 14,011 15,759
Other assets (note 15) 531 531
TOTAL ASSETS 493,104 475,085
Current liabilities:    
Accounts payable and accrued liabilities 16,849 18,429
Short-term bank indebtedness (note 7)   3,395
Current portion of asset retirement obligation (note 4) 215 215
Total current liabilities 17,064 22,039
Asset retirement obligation, less current portion (note 4) 7,826 7,569
Deferred income tax liability (note 10) 24,641 26,899
Other liabilities (note 4) 1,270 286
Total liabilities 50,801 56,793
Shareholders' equity:    
Common stock, no par value, 500,000 shares authorized (in thousands); Common: 278,239 as of June 30, 2016 and 274,421 as of December 31, 2015 issued and outstanding; Exchangeable: 20,648 shares as of June 30, 2016 and 24,213 shares as of December 31, 2015 issued and outstanding 1,359,435 1,359,144
Accumulated deficit (918,689) (940,027)
Accumulated other comprehensive income (loss) 1,557 (825)
Total shareholders' equity 442,303 418,292
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $ 493,104 $ 475,085