Gain On Sale Of Assets (Notes)

12 Months Ended

Dec. 31, 2012

Discontinued Operations and Disposal Groups [Abstract]

Gain on Sale of Assets

GAIN ON SALE OF ASSETS

The gain on sale assets includes the following components:

	For the years ended December 31,
	2012		2011		2010
Gain on sale of Burkina Faso exploration properties	$	22,361	$	—	$	—
Gain on sale of Saramacca	9,175		—		—
Gain on sale of other assets	41		1,350		1,171
Gain on sale of assets	$	31,577	$	1,350	$	1,171

Gain on sale of Burkina Faso exploration properties

In December 2011, TGM notified us, per terms of a 2007 exploration earn-in agreement, of their intent to exercise their purchase option for our Goulagou and Rounga exploration properties in Burkina Faso. The sale of these exploration projects was completed in February 2012 upon our receipt of $6.6 million of cash and 21.7 million TGM common shares valued at $15.8 million on the day of the sale. On the day of the sale, we also held 4.0 million TGM shares from earlier transactions with TGM. The underlying properties' carrying value had been written down to zero in prior periods, resulting in the recognition of a net gain of $22.4 million on the completion of this disposition.

Gain on sale of Saramacca

In 2009, we entered into an agreement to sell our Saramacca gold exploration project in Suriname to Newmont Mining Corporation. In December 2012, all requirements for the sale and transfer were met and ownership and control of the Saramacca project was turned over to Newmont Mining Corporation for total consideration of $9.0 million cash. We received $8.0 million of cash in December 2012 and a final payment of $1.0 million in early 2013. A net gain of $9.2 million was recognized on this transaction.

Gain on sale of other assets

The gain on sale of other assets includes the sale of mining equipment, exploration properties and available for sale investments.