CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Cash paid to suppliers and employees	$ (24,242)	$ (8,457)
Cash received from gold and silver sales	14,833	20,319
Dividends received from Miners Santa Cruz S.A (note 5)	2,525	2,626
Interest received	34	220
Cash (used in) provided by operating activities	(6,850)	14,708
Cash flows from investing activities:
Acquisition of mineral property interests		(450)
Additions to property and equipment	(350)	(145)
Proceeds from disposal of property and equipment	36
Cash used in investing activities	(314)	(595)
Cash flows from financing activities:
Repayment of short-term bank indebtedness		(3,395)
Return of capital distribution (note 8)	(1,498)	(1,489)
Share repurchase		(582)
Proceeds from exercise of stock options	47
Cash used in financing activities	(1,451)	(5,466)
Effect of exchange rate change on cash and cash equivalents	65	102
(Decrease) increase in cash and cash equivalents	(8,550)	8,749
Cash and cash equivalents, beginning of period	37,440	25,874
Cash and cash equivalents, end of period	28,890	34,623
Reconciliation of net income (loss) to cash provided by operating activities:
Net income (loss)	(3,018)	12,985
Adjustments to reconcile net income (loss) from operating activities:
Income from investment in Minera Santa Cruz S.A., net of amortization (note 5)	(190)	(4,963)
Other-than-temporary impairment on marketable equity securities (note 2)		285
Gain on disposal of fixed assets	(11)
Recovery of deferred income taxes (note 7)	(2,656)	(1,867)
Gain on sale of marketable securities		(22)
Stock-based compensation	330	353
Depreciation	327	239
Accretion of asset retirement obligation	105	124
Amortization of mineral property interests and asset retirement obligations	533	322
Foreign exchange gain	(65)	(102)
Unrealized gain on derivative instruments (note 2)	(1,791)
Change in non-cash working capital items:
(Increase) decrease in VAT taxes receivable, net of collection of $448 (2016 - $6,771)	(2,040)	5,905
Increase (decrease) in other assets related to operations	(3,655)	206
Increase (decrease) in liabilities related to operations	2,756	(1,383)
Dividends received from Minera Santa Cruz S.A	2,525	2,626
Cash (used in) provided by operating activities	$ (6,850)	$ 14,708