INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2018

INCOME TAXES

Components of (loss) income before income taxes

	Fiscal Year Ended June 30,
	2018		2017		2016
	(Amounts in thousands)
United States	$	(39,662)	$	15,253	$	(230)
Foreign		(64,917)		103,613		(21,528)
	$	(104,579)	$	118,866	$	(21,758)

Components of income tax expense

	Fiscal Year Ended June 30,
	2018		2017		2016
	(Amounts in thousands)
Current:
Federal	$	24,621	$	13,975	$	45,878
State		253		308		135
Foreign		22,741		10,602		19,650
	$	47,615	$	24,885	$	65,663
Deferred and others:
Federal	$	(2,253)	$	(1,443)	$	(6,986)
State		(223)		(18)		(78)
Foreign		(30,367)		3,017		2,081
	$	(32,843)	$	1,556	$	(4,983)
Total income tax expense	$	14,772	$	26,441	$	60,680

Schedule of income tax expense and effective tax rate

	Fiscal Year Ended June 30,
	2018		2017		2016
	(Amounts in thousands)
Total expense computed by applying federal rates	$	(29,343)	$	41,603	$	(7,615)
State and provincial income taxes, net of federal benefit		(104)		78		(1)
Excess depletion		(1,440)		(1,517)		(882)
Estimates for uncertain tax positions		8,574		2,870		1,866
Statutory tax attributable to non-controlling interest		1,736		3,162		1,838
Effect of foreign earnings		1,230		3,046		61,576
Effect of foreign earnings indefinitely reinvested		(19,004)		(22,922)		3,406
Realized foreign exchange gains		18,330		—		—
Unrealized foreign exchange gains		(1,610)		(746)		(2,439)
Effects of US income tax reform		30,675		—		—
Changes in estimates		(70)		(3,676)		1,641
Valuation allowance		6,337		4,374		849
Other		(539)		169		441
	$	14,772	$	26,441	$	60,680

Schedule of deferred tax assets and liabilities

	2018		2017
	(Amounts in thousands)
Deferred tax assets:
Stock-based compensation	$	805	$	5,979
Net operating losses		1,933		5,341
Foreign tax credits		11,172		19,869
Other		7,346		7,382
Total deferred tax assets		21,256		38,571
Valuation allowance		(12,811)		(6,474)
Net deferred tax assets	$	8,445	$	32,097
Deferred tax liabilities:
Mineral property basis	$	(74,274)	$	(122,870)
Unrealized foreign exchange gains		(664)		(1,097)
2019 Notes		(2,631)		(8,634)
Investment in Peak Gold joint venture		(4,359)		(5,475)
Other		(213)		(595)
Total deferred tax liabilities		(82,141)		(138,671)
Total net deferred taxes	$	(73,696)	$	(106,574)

Reconciliation of beginning and ending amount of gross unrecognized tax benefit

	2018		2017		2016
	(Amounts in thousands)
Total gross unrecognized tax benefits at beginning of year	$	28,542	$	26,960	$	26,120
Additions / Reductions for tax positions of current year		1,624		1,394		840
Additions / Reductions for tax positions of prior years		6,180		188		—
Reductions due to settlements with taxing authorities		—		—		—
Reductions due to lapse of statute of limitations		—		—		—
Total amount of gross unrecognized tax benefits at end of year	$	36,346	$	28,542	$	26,960