|
INCOME TAXES (Details 2) (USD $)
In Thousands, unless otherwise specified
|
12 Months Ended |
0 Months Ended |
12 Months Ended |
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Jan. 02, 2014
MEXICO
|
Dec. 31, 2013
MEXICO
|
| INCOME TAXES |
|
|
|
|
|
| Foreign income tax rate (as a percent) |
|
|
|
30.00% |
|
| Withholding tax on dividends paid to nonresident shareholders (as a percent) |
|
|
|
10.00% |
|
| Extraordinary mining duty as a percentage of gross revenues from the sale of gold, silver and platinum |
|
|
|
0.50% |
|
| Special mining duty (as a percent) |
|
|
|
7.50% |
|
| Deductions related to development type costs |
|
|
|
$ 0 |
|
| US Federal and State tax recovery at statutory rate |
(68,377) |
(31,925) |
(21,098) |
|
|
| Reconciling items: |
|
|
|
|
|
| Equity pickup in MSC |
(2,924) |
(7,292) |
|
|
|
| Impact of Mexican tax reform |
|
|
|
|
(1,921) |
| FIN 48 adjustment due to tax years becoming statute barred |
|
|
(180) |
|
|
| Prior year true ups/acquisitions |
(19,016) |
781 |
(8,074) |
|
|
| Adjustment for foreign tax rates |
8,680 |
3,245 |
1,342 |
|
|
| Tax rate changes |
(187) |
(1,869) |
(24) |
|
|
| Imputed interest |
171 |
135 |
119 |
|
|
| Other permanent differences |
22,090 |
(3,259) |
8,869 |
|
|
| Unrealized foreign exchange rate (loss)/gain |
(28,317) |
(21,263) |
(31) |
|
|
| NOL expired |
1,711 |
(2,696) |
2,862 |
|
|
| Valuation allowance |
34,725 |
36,899 |
16,035 |
|
|
| Tax Recovery |
(53,365) |
(27,244) |
(180) |
|
|
| Unrecognized tax benefits |
$ 0 |
|
|
|
|