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Note 13 - Guarantor Subsidiaries (Tables)
9 Months Ended
Sep. 30, 2014
Guarantor Subsidiaries [Abstract]  
Condensed Balance Sheet [Table Text Block]
   

As of September 30, 2014

 
   

Parent

   

Guarantors

   

Non-Guarantors

   

Eliminations

   

Consolidated

 
   

(in thousands)

 

Assets

                                       

Cash and cash equivalents

  $ 151,739     $ 48,205     $ 22,416     $     $ 222,360  

Other current assets

    3,032       55,060       25,878       12,109       96,079  

Properties, plants, and equipment - net

    1,446       1,076,560       751,494             1,829,500  

Intercompany receivable (payable)

    510,942       (116,857

)

    (444,144

)

    50,059        

Investments in subsidiaries

    1,275,038                   (1,275,038

)

     

Other non-current assets

    2,726       183,249       6,392       (87,853

)

    104,514  

Total assets

  $ 1,944,923     $ 1,246,217     $ 362,036     $ (1,300,723

)

  $ 2,252,453  

Liabilities and Shareholders' Equity

                                       

Current liabilities

  $ 26,620     $ 63,603     $ 22,604     $ (11,785

)

  $ 101,042  

Long-term debt

    498,183       10,864       26             509,073  

Non-current portion of accrued reclamation

          48,224       8,569             56,793  

Non-current deferred tax liability

          13,100       157,512       (13,900

)

    156,712  

Other non-current liabilities

    33,753       9,764       (1,051

)

          42,466  

Shareholders' equity

    1,386,367       1,100,662       174,376       (1,275,038

)

    1,386,367  

Total liabilities and shareholders' equity

  $ 1,944,923     $ 1,246,217     $ 362,036     $ (1,300,723

)

  $ 2,252,453  
   

As of December 31, 2013

 
   

Parent

   

Guarantors

   

Non-Guarantors

   

Eliminations

   

Consolidated

 
   

(in thousands)

 

Assets

                                       

Cash and cash equivalents

  $ 126,271     $ 40,009     $ 45,895     $     $ 212,175  

Other current assets

    4,795       75,083       33,129       18,453       131,460  

Properties, plants, and equipment - net

    803       1,052,102       738,696             1,791,601  

Intercompany receivable (payable)

    528,290       (112,815

)

    (464,634

)

    49,159        

Investments in subsidiaries

    1,195,076                   (1,195,076

)

     

Other non-current assets

    5,249       164,563       11,115       (84,044

)

    96,883  

Total assets

  $ 1,860,484     $ 1,218,942     $ 364,201     $ (1,211,508

)

  $ 2,232,119  

Liabilities and Stockholders' Equity

                                       

Current liabilities

  $ 10,058     $ 117,421     $ 24,000     $     $ 151,479  

Long-term debt

    490,726       14,292       40             505,058  

Non-current portion of accrued reclamation

          38,426       8,340             46,766  

Non-current deferred tax liability

          16,430       164,861       (16,430

)

    164,861  

Other non-current liabilities

    33,281       4,043       212             37,536  

Stockholders' equity

    1,326,419       1,028,330       166,748       (1,195,078

)

    1,326,419  

Total liabilities and stockholders' equity

  $ 1,860,484     $ 1,218,942     $ 364,201     $ (1,211,508

)

  $ 2,232,119  
Condensed Income Statement [Table Text Block]
   

Three Months Ended September 30, 2014

 
   

Parent

   

Guarantors

   

Non-Guarantors

   

Eliminations

   

Consolidated

 
   

(in thousands)

 

Revenues

  $ 1,444     $ 94,202     $ 39,861     $     $ 135,507  

Cost of sales

          (57,995

)

    (28,685

)

          (86,680

)

Depreciation, depletion, amortization

          (17,205

)

    (9,599

)

          (26,804

)

General and administrative

    (4,048

)

    (3,590

)

    (246

)

          (7,884

)

Exploration and pre-development

    (4

)

    (3,085

)

    (3,099

)

          (6,188

)

Gain/(loss) on derivative contracts

    (411

)

                      (411

)

Equity in loss of subsidiaries

    96,349                   (96,349

)

     

Other (expense) income

    (89,654

)

    3,503       14,450       68,017       (3,684

)

Income (loss) before income taxes

    3,676       15,830       12,682       (28,332

)

    3,856  

(Provision) benefit from income taxes

          (2,878

)

    70,715       (68,017

)

    (180

)

Net income (loss)

    3,676       12,952       83,397       (96,349

)

    3,676  

Preferred stock dividends

    (138

)

                      (138

)

Income (loss) applicable to common shareholders

    3,538       12,952       83,397       (96,349

)

    3,538  

Net income (loss)

    3,676       12,952       83,397       (96,349

)

    3,676  

Changes in comprehensive income (loss)

    2,276       78       2,229       (2,307

)

    2,276  

Comprehensive income (loss)

  $ 5,952     $ 13,030     $ 85,626     $ (98,656

)

  $ 5,952  
   

Nine Months Ended September 30, 2014

 
   

Parent

   

Guarantors

   

Non-Guarantors

   

Eliminations

   

Consolidated

 
   

(in thousands)

 

Revenues

  $ (2,029

)

  $ 260,577     $ 120,248     $     $ 378,796  

Cost of sales

          (151,145

)

    (84,315

)

          (235,460

)

Depreciation, depletion, amortization

          (53,706

)

    (26,636

)

          (80,342

)

General and administrative

    (13,207

)

    (9,819

)

    (958

)

          (23,984

)

Exploration and pre-development

    (56

)

    (5,826

)

    (8,451

)

          (14,333

)

Gain/(loss) on derivative contracts

    (2,560

)

                      (2,560

)

Equity in earnings of subsidiaries

    32,864                   (32,864

)

     

Other (expense) income

    (14,093

)

    4,781       (1,550

)

    (11,398

)

    (22,260

)

Income (loss) before income taxes

    919       44,862       (1,662

)

    (44,262

)

    (143

)

(Provision) benefit from income taxes

          (10,486

)

    150       11,398       1,062  

Net income (loss)

    919       34,376       (1,512

)

    (32,864

)

    919  

Preferred stock dividends

    (414

)

                      (414

)

Income (loss) applicable to common shareholders

    505       34,376       (1,512

)

    (32,864

)

    505  

Net income (loss)

    919       34,376       (1,512

)

    (32,864

)

    919  

Changes in comprehensive income (loss)

    1,438       303       2,449       (2,752

)

    1,438  

Comprehensive income (loss)

  $ 2,357     $ 34,679     $ 937     $ (35,616

)

  $ 2,357  
   

Three Months Ended September 30, 2013

 
   

Parent

   

Guarantors

   

Non-Guarantors

   

Eliminations

   

Consolidated

 
   

(in thousands)

 

Revenues

  $ (2,447

)

  $ 81,687     $ 27,389     $     $ 106,629  

Cost of sales

          (45,342

)

    (21,595

)

          (66,937

)

Depreciation, depletion, amortization

          (15,736

)

    (3,270

)

          (19,006

)

General and administrative

    (3,550

)

    (3,636

)

    (534

)

          (7,720

)

Exploration and pre-development

    (42

)

    (6,551

)

    (2,648

)

          (9,241

)

Gain on derivative contracts

    (4,564

)

                      (4,564

)

Aurizon acquisition costs

    (268

)

          (500

)

          (768

)

Equity in earnings of subsidiaries

    82,896                   (82,896

)

     

Other expense

    (80,483

)

    (811

)

    (15,800

)

    87,701       (9,393

)

Income (loss) before income taxes

    (8,458

)

    9,611       (16,958

)

    4,805       (11,000

)

(Provision) benefit from income taxes

          (3,795

)

    92,351       (86,014

)

    2,542  

Net income (loss)

    (8,458

)

    5,816       75,393       (81,209

)

    (8,458

)

Preferred stock dividends

    (138

)

                      (138

)

Income (loss) applicable to common shareholders

    (8,596

)

    5,816       75,393       (81,209

)

    (8,596

)

Net income (loss)

    (8,458

)

    5,816       75,393       (81,209

)

    (8,458

)

Changes in comprehensive income (loss)

    2,489       (5,078

)

    (1,079

)

    6,157       2,489  

Comprehensive income (loss)

  $ (5,969

)

  $ 738     $ 74,314     $ (75,052

)

  $ (5,969

)

   

Nine Months Ended September 30, 2013

 
   

Parent

   

Guarantors

   

Non-Guarantors

   

Eliminations

   

Consolidated

 
   

(in thousands)

 

Revenues

  $ 338     $ 230,562     $ 37,509     $     $ 268,409  

Cost of sales

          (133,944

)

    (29,826

)

          (163,770

)

Depreciation, depletion, amortization

          (46,630

)

    (6,594

)

          (53,224

)

General and administrative

    (11,015

)

    (10,183

)

    (943

)

          (22,141

)

Exploration and pre-development

    (459

)

    (23,299

)

    (7,500

)

          (31,258

)

Gain/(loss) on derivative contracts

    23,516                         23,516  

Aurizon acquisition costs

    (14,416

)

          (11,952

)

          (26,368

)

Equity in earnings of subsidiaries

    68,198                   (68,198

)

       

Other (expense) income

    (88,384

)

    1,132       (19,757

)

    87,701       (19,308

)

Income (loss) before income taxes

    (22,222

)

    17,638       (39,063

)

    19,503       (24,144

)

(Provision) benefit from income taxes

          (9,049

)

    98,672       (87,701

)

    1,922  

Net income (loss)

    (22,222

)

    8,589       59,609       (68,198

)

    (22,222

)

Preferred stock dividends

    (414

)

                      (414

)

Income (loss) applicable to common shareholders

    (22,636

)

    8,589       59,609       (68,198

)

    (22,636

)

Net income (loss)

    (22,222

)

    8,589       59,609       (68,198

)

    (22,222

)

Changes in comprehensive income (loss)

    (2,286

)

    (1,248

)

    (4,909

)

    6,157       (2,286

)

Comprehensive income (loss)

  $ (24,508

)

  $ 7,341     $ 54,700     $ (62,041

)

  $ (24,508

)

Condensed Cash Flow Statement [Table Text Block]
   

Nine Months Ended September 30, 2014

 
   

Parent

   

Guarantors

   

Non-Guarantors

   

Eliminations

   

Consolidated

 
                                         

Cash flows from operating activities

  $ 37,533     $ 32,896     $ 20,307     $ (31,968

)

  $ 58,768  

Cash flows from investing activities:

                                       

Additions to properties, plants, and equipment

    (1,057

)

    (58,472

)

    (31,168

)

          (90,697

)

Other investing activities, net

          358       3,843             4,201  

Cash flows from financing activities:

                                       

Dividends paid to shareholders

    (3,043

)

                      (3,043

)

Borrowings on debt

                             

Proceeds from (payments on) debt

          (6,878

)

    (15

)

          (6,893

)

Other financing activity, net

    (7,965

)

    40,292       (14,322

)

    31,968       49,973  

Effect of exchange rates on cash

                (2,124

)

            (2,124

)

Changes in cash and cash equivalents

    25,468       8,196       (23,479

)

          10,185  

Beginning cash and cash equivalents

    126,271       40,009       45,895               212,175  

Ending cash and cash equivalents

  $ 151,739     $ 48,205     $ 22,416     $     $ 222,360  
   

Nine Months Ended September 30, 2013

 
   

Parent

   

Guarantors

   

Non-Guarantors

   

Eliminations

   

Consolidated

 
   

(in thousands)

 

Cash flows from operating activities

  $ (7,020

)

  $ 57,833     $ (45,733

)

  $     $ 5,080  

Cash flows from investing activities:

                                       

Additions to properties, plants, and equipment

    (1,169

)

    (88,807

)

    (22,830

)

          (112,806

)

Acquisition of Aurizon Mines

    (498,705

)

            177,588             (321,117

)

Other investing activities, net

          103       (3,979

)

          (3,876

)

Cash flows from financing activities:

                                       

Dividends paid to shareholders

    (5,548

)

                      (5,548

)

Borrowings on debt

    490,000                         490,000  

Proceeds from (payments on) debt

          (5,171

)

                (5,171

)

Other financing activity, net

    6,431       7,936       (15,897

)

          (1,530

)

Effect of exchange rates on cash

                1,820             1,820  

Changes in cash and cash equivalents

    (16,011

)

    (28,106

)

    90,969             46,852  

Beginning cash and cash equivalents

    132,266       57,970       748             190,984  

Ending cash and cash equivalents

  $ 116,255     $ 29,864     $ 91,717     $     $ 237,836