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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
USD ($)
$ / shares
shares
Mar. 31, 2016
USD ($)
$ / shares
shares
REVENUE:    
Gold and silver sales $ 14,833 $ 21,190
Total Revenue 14,833 21,190
COSTS AND EXPENSES:    
Production costs applicable to sales 6,984 9,067
Mine development costs 1,115 698
Exploration costs 8,444 1,740
Property holding costs 1,188 1,147
General and administrative 4,293 2,768
Depreciation 327 239
Revision of estimates and accretion of as reclamation obligations (note 6) 105 124
Income from investment in Minera Santa Cruz S.A., net of amortization (note 5) (190) (4,963)
Total costs and expenses 22,266 10,820
Operating (loss) income (7,433) 10,370
OTHER INCOME (EXPENSE):    
Interest income (expense) and other income (expense) (68) 228
Gain on sale of assets 11  
Gain on sale of marketable equity securities (note 2)   22
Other-than-temporary impairment on marketable equity securities (note 2)   (285)
Unrealized gain on derivatives (note 2) 1,791  
Foreign currency gain 25 783
Total other income 1,759 748
(Loss) Income before income taxes (5,674) 11,118
Income taxes recovery (note 7) (2,656) (1,867)
Net (loss) income (3,018) 12,985
OTHER COMPREHENSIVE INCOME:    
Unrealized gain (loss) on available-for-sale securities, net of taxes 3,875 (124)
Comprehensive income $ 857 $ 12,861
Net (loss) income per share (note 9):    
Basic (in dollars per share) | $ / shares $ (0.01) $ 0.04
Diluted (in dollars per share) | $ / shares $ (0.01) $ 0.04
Weighted average common shares outstanding (thousands) (note 9):    
Basic (in shares) | shares 299,575 298,242
Diluted (in shares) | shares 299,575 298,554
Return of capital distribution declared per common share (note 8) | $ / shares 0.005 0.005