INCOME TAXES	9 Months Ended
Sep. 30, 2016
INCOME TAXES
INCOME TAXES	NOTE 10 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 resulting from valuation allowances being applied to losses, changes in recognition of certain deferred tax assets, 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 primarily by fluctuations in the foreign exchange rate between the Argentine peso and U.S. dollar. For the three and nine months ended September 30, 2016, the Company recorded an income tax recovery of $0.4 million and $2.7 million, respectively, as a result of the Argentine peso devaluation. In comparison, for the three and nine months ended September 30, 2015, the Company recorded an income tax recovery of $0.9 million and $2.9 million, respectively, resulting from the devaluation of the Argentine peso. For the three and nine months ended September 30, 2015, the Company recorded an income tax recovery of $10.4 million, corresponding to the impairment of mineral property interests described in Note 4, Mineral Property Interest and Asset Retirement Obligations.

INCOME TAXES

9 Months Ended

Sep. 30, 2016

NOTE 10 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 resulting from valuation allowances being applied to losses, changes in recognition of certain deferred tax assets, 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 primarily by fluctuations in the foreign exchange rate between the Argentine peso and U.S. dollar.

For the three and nine months ended September 30, 2016, the Company recorded an income tax recovery of $0.4 million and $2.7 million, respectively, as a result of the Argentine peso devaluation. In comparison, for the three and nine months ended September 30, 2015, the Company recorded an income tax recovery of $0.9 million and $2.9 million, respectively, resulting from the devaluation of the Argentine peso.

For the three and nine months ended September 30, 2015, the Company recorded an income tax recovery of $10.4 million, corresponding to the impairment of mineral property interests described in Note 4, Mineral Property Interest and Asset Retirement Obligations.