|
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (USD $)
In Thousands, except Per Share data, unless otherwise specified
|
12 Months Ended |
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
| REVENUE: |
|
|
|
| Gold and silver sales |
$ 45,982 |
$ 5,966 |
|
| Total Revenue |
45,982 |
5,966 |
|
| COSTS AND EXPENSES: |
|
|
|
| Production costs applicable to sales |
34,594 |
3,861 |
|
| Mine operating costs |
|
8,507 |
|
| Mine construction costs |
1,383 |
14,260 |
1,745 |
| Mine development costs |
847 |
|
|
| Exploration costs |
24,829 |
47,179 |
42,983 |
| Property holding costs |
4,584 |
7,207 |
3,464 |
| General and administrative |
14,001 |
16,841 |
7,035 |
| Acquisition costs |
|
1,513 |
3,893 |
| Depreciation |
942 |
1,033 |
577 |
| Accretion of asset retirement obligation (note 6) |
461 |
447 |
524 |
| Income on investment in Minera Santa Cruz S.A., net of amortization (note 7) |
(846) |
(20,835) |
|
| Impairment of investment in Minera Santa Cruz S.A. (note 7) |
95,878 |
|
|
| Impairment of mineral property interests and property and equipment (note 8) |
62,963 |
18,468 |
|
| Loss (gain) on sale of assets (notes 6 and 8) |
6,743 |
(1,110) |
(36) |
| Total costs and expenses |
246,379 |
97,371 |
60,185 |
| Operating loss |
(200,397) |
(91,405) |
(60,185) |
| OTHER INCOME (EXPENSE): |
|
|
|
| Interest income |
262 |
228 |
202 |
| Gain (loss) on litigation settlement (notes 10 and 17)) |
560 |
(3,830) |
|
| (Loss) gain on sale of marketable equity securities |
|
(70) |
19 |
| (Loss) gain on sale of gold and silver bullion (note 4) |
(223) |
3,075 |
2,075 |
| Unrealized loss on gold and silver bullion (note 4) |
|
(359) |
(3,394) |
| Other-than-temporary impairment on marketable equity securities |
|
(1,993) |
|
| Foreign currency (loss) gain |
(1,309) |
456 |
(769) |
| Total other income (expense) |
(710) |
(2,493) |
(1,867) |
| Loss before income taxes |
(201,107) |
(93,898) |
(62,052) |
| Recovery of income taxes (note 9) |
53,365 |
27,244 |
180 |
| Net loss |
(147,742) |
(66,654) |
(61,872) |
| OTHER COMPREHENSIVE INCOME (LOSS): |
|
|
|
| Reclassification of unrealized gain on marketable securities disposed of during the period, net of taxes |
|
1,000 |
|
| Unrealized loss on available-for-sale securities, net of taxes |
(1) |
(5) |
(1,546) |
| Comprehensive loss |
$ (147,743) |
$ (65,659) |
$ (63,418) |
| Net loss per share (note 12): |
|
|
|
| Basic (in dollars per share) |
$ (0.50) |
$ (0.26) |
$ (0.42) |
| Diluted (in dollars per share) |
$ (0.50) |
$ (0.26) |
$ (0.42) |
| Weighted average common shares outstanding (thousands) (note 13): |
|
|
|
| Basic (in shares) |
297,041 |
261,223 |
147,692 |
| Diluted (in shares) |
297,041 |
261,223 |
147,692 |