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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
USD ($)
$ / shares
shares
Jun. 30, 2016
USD ($)
$ / shares
shares
Jun. 30, 2017
USD ($)
$ / shares
shares
Jun. 30, 2016
USD ($)
$ / shares
shares
REVENUE:        
Gold and silver sales $ 15,110 $ 14,613 $ 29,943 $ 35,803
Total Revenue 15,110 14,613 29,943 35,803
COSTS AND EXPENSES:        
Production costs applicable to sales 8,560 5,763 15,544 14,830
Mine development costs 720 1,316 1,835 2,014
Exploration costs 3,086 1,689 11,530 3,429
Property holding costs 423 258 1,611 1,405
General and administrative 4,078 2,600 8,371 5,368
Depreciation 482 258 809 497
Revision of estimates and accretion of asset reclamation obligations (note 6) 116 133 221 257
Loss (income) from investment in Minera Santa Cruz S.A., net of amortization (note 5) 263 (4,133) 73 (9,096)
Total costs and expenses 17,728 7,884 39,994 18,704
Operating (loss) income (2,618) 6,729 (10,051) 17,099
OTHER INCOME (EXPENSE):        
Interest and other (expense) income: (109) (73) (175) 155
Gain on sale of assets     11  
Gain on sale of marketable equity securities (note 2) 840   840 22
Other-than-temporary impairment on marketable equity securities (note 2)   (597) 0 (882)
Unrealized (loss) gain on derivatives (note 2) (722) 1,719 1,069 1,719
Foreign currency gain (loss) 1,050 (281) 1,075 502
Total other income 1,059 768 2,820 1,516
(Loss) Income before income taxes (1,559) 7,497 (7,231) 18,615
Income tax (expense) recovery (note 7) 153 (856) (2,503) (2,723)
Net (loss) income (1,712) 8,353 (4,728) 21,338
OTHER COMPREHENSIVE (LOSS) INCOME:        
Reclassification of unrealized gain on marketable securities disposed of during the period, net of taxes (840)   (840)  
Other-than-temporary impairment on marketable equity securities (note 2)   597   882
Unrealized (loss) gain on available-for-sale securities, net of taxes (236) 1,624 3,639 1,500
Comprehensive (loss) income $ (2,788) $ 10,574 $ (1,929) $ 23,720
Net (loss) income per share (note 10):        
Basic (in dollars per share) | $ / shares $ (0.01) $ 0.03 $ (0.02) $ 0.07
Diluted (in dollars per share) | $ / shares $ (0.01) $ 0.03 $ (0.02) $ 0.07
Weighted average common shares outstanding (thousands) (note 10):        
Basic (in shares) | shares 308,523 298,237 304,074 298,239
Diluted (in shares) | shares 308,523 299,791 304,074 299,231
Return of capital distribution declared per common share (note 8) | $ / shares 0.005 0.005 0.005 0.005