The following table presents our liabilities measured at fair value on a recurring basis:
| | | | | | | | | | | | | | | | | | | | Fair Value Measurements at June 30, 2015 | | Total | | Quoted Prices in Active Markets (Level 1) | | Significant Other Observable Inputs (Level 2) | | Significant Unobservable Inputs (Level 3) | Liabilities: | | | | | | | | Gold call and put options | $ | 115,544 |
| | $ | — |
| | $ | 115,544 |
| | $ | — |
| Gold forwards | (7,975 | ) | | — |
| | (7,975 | ) | | — |
| Total Liabilities | $ | 107,569 |
| | $ | — |
| | $ | 107,569 |
| | $ | — |
|
The following table presents our liabilities measured at fair value on a recurring basis:
| | | | | | | | | | | | | | | | | | | | Fair Value Measurements at December 31, 2014 | | Total | | Quoted Prices in Active Markets (Level 1) | | Significant Other Observable Inputs (Level 2) | | Significant Unobservable Inputs (Level 3) | Liabilities: | | | | | | | | Gold call options | $ | 32,698 |
| | $ | — |
| | $ | 32,698 |
| | $ | — |
| Gold forwards | 600 |
| | — |
| | 600 |
| | — |
| Total Liabilities | $ | 33,298 |
| | $ | — |
| | $ | 33,298 |
| | $ | — |
|
|