|
INCOME TAXES (Details) (USD $)
|
12 Months Ended |
|
|
Dec. 31, 2013
|
Dec. 31, 2012
|
| INCOME TAXES |
|
|
| Tax loss carry forwards |
$ 303,300,000 |
$ 252,900,000 |
| Deferred tax assets: |
|
|
| Alternative minimum tax (AMT) credit carryforward |
41,000 |
41,000 |
| Net operating loss carryforward |
98,734,000 |
80,975,000 |
| Mineral properties |
19,884,000 |
297,000 |
| Other temporary differences |
6,927,000 |
9,521,000 |
| Capital loss carryforward |
241,000 |
241,000 |
| Total gross deferred tax assets |
125,827,000 |
91,075,000 |
| Less: valuation allowance |
(125,202,000) |
(90,477,000) |
| Net deferred tax assets |
625,000 |
598,000 |
| Deferred tax liabilities: |
|
|
| Reclamation obligation |
389,000 |
416,000 |
| Basis in Tonkin Springs Venture LP |
(1,014,000) |
(1,014,000) |
| Acquisition related deferred tax liability |
(158,855,000) |
(229,522,000) |
| Total deferred tax liabilities |
(159,480,000) |
(230,120,000) |
| Total net deferred tax liability |
(158,855,000) |
(229,522,000) |
| Valuation allowance |
|
|
| Change in valuation allowance |
34,700,000 |
|
| Acquisition related deferred tax liability |
|
|
| Acquisition related deferred tax liability for mineral properties |
$ 101,500,000 |
$ 156,800,000 |