XML 13 R2.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
REVENUE:        
Revenue $ 36,383 $ 33,806 $ 51,966 $ 74,847
OPERATING EXPENSES:        
Depreciation and depletion 7,007 4,099 10,013 7,189
Gross profit 4,677 9,092 6,105 23,320
OTHER OPERATING EXPENSES:        
Advanced projects 2,095 2,756 4,741 5,760
Exploration 5,872 9,609 10,022 21,484
General and administrative 3,172 2,997 5,433 6,131
Loss from investment in Minera Santa Cruz S.A. (note 8) 4,137 2,265 6,447 2,477
Depreciation 169 273 321 633
Revision of estimates and accretion of asset retirement obligations (note 11) 427 288 888 582
Total other operating expenses 15,872 18,188 27,852 37,067
Operating loss (11,195) (9,096) (21,747) (13,747)
OTHER (EXPENSE) INCOME:        
Interest and other finance (expense) income, net (2,783) 354 (3,296) 220
Other income (expense) (note 3) 463 1,222 1,510 (342)
Total other (expense) income (2,320) 1,576 (1,786) (122)
Gain (loss) on investments (note 2)     1,752 (2,502)
Loss before income and mining taxes (13,515) (7,520) (23,533) (13,869)
Income and mining tax recovery 501 2,140 383 3,278
Net loss and comprehensive loss $ (13,014) $ (5,380) $ (23,150) $ (10,591)
Net loss per share (note 13):        
Basic and Diluted (in dollars per share) $ (0.04) $ (0.02) $ (0.07) $ (0.03)
Weighted average common shares outstanding (thousands) (note 13):        
Basic and Diluted (in shares) 346,998 337,087 346,095 337,075
Shareholders' distribution declared per common share (note 12)       0.005
Gold and silver sales        
REVENUE:        
Revenue $ 36,383 $ 33,806 $ 51,966 $ 74,847
Production costs applicable to sales        
OPERATING EXPENSES:        
Cost of goods and services sold 24,699 20,615 35,848 44,338
Exploration        
OPERATING EXPENSES:        
Cost of goods and services sold $ 5,872 $ 9,609 $ 10,022 $ 21,484