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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 38,812 $ 25,874
Investments (note 2) 7,056 1,032
Value added taxes receivable 3,275 10,032
Inventories (note 3) 22,337 14,975
Other current assets 3,323 2,530
Total current assets 74,803 54,443
Mineral property interests (note 4) 242,350 237,245
Investment in Minera Santa Cruz S.A. (note 5) 167,626 167,107
Property and equipment, net (note 6) 14,525 15,759
Other assets (note 15) 531 531
TOTAL ASSETS 499,835 475,085
Current liabilities:    
Accounts payable and accrued liabilities 19,057 18,429
Short-term bank indebtedness (note 7)   3,395
Current portion of asset retirement obligation (note 4) 174 215
Total current liabilities 19,231 22,039
Asset retirement obligation, less current portion (note 4) 7,951 7,569
Deferred income tax liability (note 10) 24,180 26,899
Other liabilities (note 4) 1,261 286
Total liabilities 52,623 56,793
Shareholders' equity:    
Common stock, no par value, 500,000 shares authorized (in thousands); Common: 299,453 as of September 30, 2016 and 274,421 as of December 31, 2015 issued and outstanding (in thousands); Exchangeable: nil shares as of September 30, 2016 and 24,213 shares as of December 31, 2015 issued and outstanding (in thousands) 1,359,846 1,359,144
Accumulated deficit (914,481) (940,027)
Accumulated other comprehensive income (loss) 1,847 (825)
Total shareholders' equity 447,212 418,292
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $ 499,835 $ 475,085