|
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
|
Dec. 31, 2013
|
Dec. 31, 2012
|
| Current assets: |
|
|
| Cash and cash equivalents |
$ 24,321 |
$ 70,921 |
| Investment in gold and silver bullion (market value: 2013 - nil; 2012 - $2,062) (note 4) |
|
1,690 |
| IVA taxes receivable |
11,591 |
9,150 |
| Inventories (note 5) |
8,800 |
7,262 |
| Other current assets |
2,059 |
2,895 |
| Total current assets |
46,771 |
91,918 |
| Mineral property interests (note 6) |
642,968 |
767,067 |
| Restrictive time deposits for reclamation bonding (note 6) |
5,183 |
5,183 |
| Investment in Minera Santa Cruz S.A. (note 7) |
212,947 |
273,948 |
| Property and equipment, net (note 8) |
15,143 |
12,767 |
| Other assets |
54 |
54 |
| TOTAL ASSETS |
923,066 |
1,150,937 |
| Current liabilities: |
|
|
| Accounts payable and accrued liabilities |
9,797 |
21,235 |
| Litigation settlement liability (notes 10 and 17) |
|
3,830 |
| Current portion of asset retirement obligation (note 6) |
1,392 |
130 |
| Total current liabilities |
11,189 |
25,195 |
| Asset retirement obligation, less current portion (note 6) |
5,855 |
6,229 |
| Deferred income tax liability (notes 3 and 9) |
158,855 |
229,522 |
| Other liabilities |
400 |
400 |
| Total liabilities |
176,299 |
261,346 |
| Shareholders' equity: |
|
|
| Common stock, no par value, 500,000 shares authorized; Common: 264,913 shares as of December 31, 2013 and 212,646 shares as of December 31, 2012 issued and outstanding Exchangeable: 32,246 shares as of December 31, 2013 and 83,379 shares as of December 31, 2012 issued and outstanding |
1,354,696 |
1,349,777 |
| Accumulated deficit |
(607,634) |
(459,892) |
| Accumulated other comprehensive loss |
(295) |
(294) |
| Total shareholders' equity |
746,767 |
889,591 |
| TOTAL LIABILITIES & SHAREHOLDERS' EQUITY |
$ 923,066 |
$ 1,150,937 |