2012 Q4 Form 10-K Financial Statement

#000104746913002050 Filed on March 01, 2013

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2012 Q2
Revenue $7.702M $7.063M $4.938M
YoY Change 319.5%
Cost Of Revenue $10.27M $8.570M $6.600M
YoY Change 100.59% 783.51%
Gross Profit -$2.564M -$1.510M -$1.665M
YoY Change -39.67% 55.67%
Gross Profit Margin -33.29% -21.38% -33.72%
Selling, General & Admin $3.030M $2.240M $2.120M
YoY Change 12.22% -56.08% -30.72%
% of Gross Profit
Research & Development $4.750M $2.960M $5.130M
YoY Change -51.43% -70.87% -61.54%
% of Gross Profit
Depreciation & Amortization $3.390M $2.774M $1.997M
YoY Change 180.17% 286.89% 324.89%
% of Gross Profit
Operating Expenses $9.220M $7.760M $9.350M
YoY Change -31.6% -51.74% -49.97%
Operating Profit -$11.78M -$66.47M -$11.01M
YoY Change -33.54% 196.8% -41.07%
Interest Expense -$330.0K $530.0K $170.0K
YoY Change 50.0% -94.32% 325.0%
% of Operating Profit
Other Income/Expense, Net $0.00 $544.0K $2.185M
YoY Change -100.0% -94.26% 1816.67%
Pretax Income -$13.38M -$65.93M -$8.829M
YoY Change -23.41% 410.61% -52.47%
Income Tax -$2.440M -$2.614M -$1.189M
% Of Pretax Income
Net Earnings -$10.94M -$63.32M -$7.640M
YoY Change -33.33% 439.35% -58.9%
Net Earnings / Revenue -142.04% -896.5% -154.72%
Basic Earnings Per Share -$1.74
Diluted Earnings Per Share -$6.39 -$43.66 -$5.38
COMMON SHARES
Basic Shares Outstanding 42.58M shares 36.32M shares 35.49M shares
Diluted Shares Outstanding 36.32M shares 35.49M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $44.60M $54.00M $23.10M
YoY Change -8.23% -1.82% -73.2%
Cash & Equivalents $44.41M $53.56M $23.06M
Short-Term Investments $200.0K $400.0K $0.00
Other Short-Term Assets $1.100M $1.200M $2.000M
YoY Change -54.17% -62.5% 25.0%
Inventory $3.388M $5.170M $5.672M
Prepaid Expenses
Receivables $1.291M $1.199M $1.812M
Other Receivables $4.400M $3.000M $2.900M
Total Short-Term Assets $54.79M $64.56M $36.16M
YoY Change -6.17% 5.83% -58.8%
LONG-TERM ASSETS
Property, Plant & Equipment $280.9M $282.0M $282.6M
YoY Change -1.16% -25.47% 1912.58%
Goodwill $11.67M $12.94M $70.16M
YoY Change -83.37%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.600M $2.100M $2.100M
YoY Change -31.58% -44.74% 600.0%
Total Long-Term Assets $293.3M $295.2M $353.0M
YoY Change -17.29% -22.9% 2239.99%
TOTAL ASSETS
Total Short-Term Assets $54.79M $64.56M $36.16M
Total Long-Term Assets $293.3M $295.2M $353.0M
Total Assets $348.1M $359.7M $389.2M
YoY Change -15.72% -18.95% 278.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.100M $2.800M $3.700M
YoY Change -21.15% -41.67% 37.04%
Accrued Expenses $2.100M $3.200M $2.800M
YoY Change -27.59% -34.69% 86.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $13.31M $13.55M $13.82M
YoY Change -14.57% -59.2% 228.23%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $193.0K $217.0K $240.0K
YoY Change -32.99% -94.58% -68.25%
Total Long-Term Liabilities $193.0K $217.0K $240.0K
YoY Change -32.99% -94.58% -68.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.31M $13.55M $13.82M
Total Long-Term Liabilities $193.0K $217.0K $240.0K
Total Liabilities $62.83M $65.22M $68.70M
YoY Change -16.5% -45.92% 1283.77%
SHAREHOLDERS EQUITY
Retained Earnings -$208.2M -$197.3M -$134.0M
YoY Change 79.18% 52.15%
Common Stock $493.6M $491.8M $454.6M
YoY Change 8.7% 143.97%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $285.3M $294.5M $320.5M
YoY Change
Total Liabilities & Shareholders Equity $348.1M $359.7M $389.2M
YoY Change -15.72% -18.94% 278.38%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2012 Q2
OPERATING ACTIVITIES
Net Income -$10.94M -$63.32M -$7.640M
YoY Change -33.33% 439.35% -58.9%
Depreciation, Depletion And Amortization $3.390M $2.774M $1.997M
YoY Change 180.17% 286.89% 324.89%
Cash From Operating Activities -$9.240M -$4.480M -$9.290M
YoY Change -53.57% -70.47% -48.25%
INVESTING ACTIVITIES
Capital Expenditures -$2.500M -$1.960M -$2.340M
YoY Change 10.62% 42.03% 38.46%
Acquisitions
YoY Change
Other Investing Activities $2.570M $50.00K $2.450M
YoY Change 2236.36% -100.56% 665.63%
Cash From Investing Activities $70.00K -$1.910M $110.0K
YoY Change -103.26% -81.33% -107.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $36.90M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 20.00K 36.89M 0.000
YoY Change -99.87% -901.96%
NET CHANGE
Cash From Operating Activities -9.240M -4.480M -9.290M
Cash From Investing Activities 70.00K -1.910M 110.0K
Cash From Financing Activities 20.00K 36.89M 0.000
Net Change In Cash -9.150M 30.50M -9.180M
YoY Change 44.32% -201.67% -52.51%
FREE CASH FLOW
Cash From Operating Activities -$9.240M -$4.480M -$9.290M
Capital Expenditures -$2.500M -$1.960M -$2.340M
Free Cash Flow -$6.740M -$2.520M -$6.950M
YoY Change -61.79% -81.73% -57.26%

Facts In Submission

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<div style='font-size:10.0pt;FONT-FAMILY: Times New Roman;'> <p style="FONT-FAMILY: times"><font size="2"><b>1. Operations</b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Golden Minerals Company (the "Company"), a Delaware corporation, completed a business combination (the "Transaction") on September&#160;2, 2011 with ECU Silver Mining&#160;Inc. ("ECU"). The primary asset acquired in the Transaction was the 100% interest in the Velarde&#241;a and Chicago precious metals mining operations in Mexico (the "Velarde&#241;a Operations") (see Note&#160;24). The Company is primarily engaged in the operation and further development of the Velarde&#241;a Operations, the continued advancement of its El Quevar advanced exploration property in Argentina, and the continued rationalization of our portfolio of exploration properties in South America and Mexico.</font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Upon emergence from Chapter&#160;11 reorganization on March&#160;24, 2009, the Company became the successor to Apex Silver Mines Limited ("ASML") for purposes of reporting under the U.S. federal securities laws. Upon emergence from the Chapter&#160;11 reorganization and as required by U.S.&#160;GAAP and per the guidance of Accounting Standards Codification ("ASC") 805, "Business Combinations", ("ASC 805"), and ASC 852, "Reorganizations" ("ASC852"), the Company applied fresh start accounting and adjusted all of the acquired assets and assumed liabilities to their respective fair values based on the Company's reorganization value.</font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The financial statements have been prepared on a going concern basis under which an entity is considered to be able to realize its assets and satisfy its liabilities in the normal course of business. However, the continuing operations of the Company are dependent upon its ability to secure sufficient funding and to generate future profitable operations. The underlying value and recoverability of the amounts shown as mineral properties in the consolidated balance sheet are dependent on the ability of the Company to generate positive cash flow from operations and to continue to fund exploration and development activities that would lead to profitable production or proceeds from the disposition of the mineral properties. There can be no assurance that the Company will be successful in generating future profitable operations or securing additional funding in the future on terms acceptable to the Company or at all.</font></p></div>
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CY2011 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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CY2010 aumn Stock Issued During Period Value Purchase Of Minority Interest
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CY2011 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2011 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2011 aumn Stock Issued During Period Value Private Placement
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CY2011 aumn Adjustments To Additional Paid In Capital Options And Warrant Issued
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<div style='font-size:10.0pt;FONT-FAMILY: Times New Roman;'> <ul> <li style="list-style: none"> <p style="FONT-FAMILY: times"><font size="2"><i>f.&#160;&#160;&#160;&#160;Mining properties, exploration and development costs</i></font></p></li></ul> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company expenses general prospecting costs and the costs of acquiring and exploring unevaluated mineral properties. When a mineral property is determined to have proven and probable reserves, subsequent development costs are capitalized to mineral properties. For acquired mineral properties with proven and probable reserves, the Company capitalizes acquisition costs and subsequent development costs. When mineral properties are developed and operations commence, capitalized costs are charged to operations using the units-of-production method over proven and probable reserves. Upon abandonment or sale of a mineral property, all capitalized costs relating to the specific property are written off in the period abandoned or sold and a gain or loss is recognized in the accompanying Consolidated Statements of Operations and Comprehensive Income.</font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Mineral properties acquired in the ECU merger were recorded at estimated fair market value based on valuations performed with the assistance of an independent appraisal firm and a minerals engineering company. The mineral properties are amortized on a units of production basis as minerals are produced.</font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;As a requirement of fresh start accounting certain exploration properties were recorded at their fair market value upon emergence from Chapter&#160;11 reorganization. On a quarterly basis the Company evaluates its exploration properties to determine if they meet the Company's minimum requirements for continued evaluation. The rights to the properties that do not meet the minimum requirements are relinquished and the carrying values, if any are written off and reflected in other operating gains and losses, net on the accompanying Consolidated Statements of Operations and Comprehensive Income. Costs of exploration subsequent to the application of fresh start accounting have and will continue to be expensed.</font></p></div>
CY2012 us-gaap Property Plant And Equipment Impairment
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<div style='font-size:10.0pt;FONT-FAMILY: Times New Roman;'> <ul> <li style="list-style: none"> <p style="FONT-FAMILY: times"><font size="2"><i>g.&#160;&#160;&#160;&#160;Property, plant and equipment and long lived asset impairment</i></font></p></li></ul> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Buildings are depreciated using the straight-line method over the estimated useful lives of 30 to 40&#160;years or the life of the mine whichever is shorter. Mining equipment and machinery excluding the plant are depreciated using the straight-line method over useful lives of three to eight years or the lease period, whichever is shorter. Mineral properties and the plant are depreciated using units of production based on estimated mine reserves. Other furniture and equipment are depreciated using the straight-line method over estimated useful lives of three to five years. Depreciation on plant and equipment used in the construction of an asset is capitalized to the constructed asset.</font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company records a lease as a capital lease if at the lease inception it meets one or more of four criteria in accordance with ASC 840, "Leases" ("ASC 840"). The Company records capital leases as an asset and an obligation at the lesser of an amount equal to the present value at the beginning of the lease term of minimum lease payments during the lease term or the fair value of the leased assets.</font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Property, plant and equipment are recorded at cost and per the guidance of ASC 360, "Property, Plant and Equipment" ("ASC 360"), the Company assesses the recoverability of its property, plant and equipment; including goodwill, whenever events or changes in circumstances indicate that the carrying value of the assets may not be recoverable. If the sum of estimated future net cash flows on an undiscounted basis is less than the carrying amount of the related asset, impairment is considered to exist. The related impairment loss is measured by comparing estimated future net cash flows on a discounted basis to the carrying amount of the asset.</font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;ASC 350, "Intangibles&#8212;Goodwill and Other" ("ASC 350"), requires that an entity assign its goodwill to reporting units and test each reporting unit's goodwill for impairment at least on an annual basis and between annual tests in certain circumstances. All of the goodwill recorded on the Company's books is related to the Velarde&#241;a Operations acquired in the Transaction, which is considered by the Company to be a separate reporting unit (see Note&#160;10).</font></p></div>
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285000 USD
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257000 USD
CY2011Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
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805000 USD
CY2012 us-gaap Inventory Write Down
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2700000 USD
CY2012 aumn Inventory Write Down Charged To Depreciation
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800000 USD
CY2011 us-gaap Inventory Write Down
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3800000 USD
CY2011 aumn Inventory Write Down Charged To Depreciation
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600000 USD
CY2012 aumn Expected Period Within Which Current Amount Of Value Added Tax Will Be Recovered
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P1Y
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CY2010 us-gaap Current Income Tax Expense Benefit
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CY2012 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2010 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2010 us-gaap Deferred Income Tax Expense Benefit
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CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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-21497000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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-43303000 USD
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-12330000 USD
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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-19517000 USD
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.34 pure
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-34013000 USD
CY2012 us-gaap Deferred Income Tax Expense Benefit
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CY2011 us-gaap Deferred Federal Income Tax Expense Benefit
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98000 USD
CY2011 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2011 us-gaap Deferred Income Tax Expense Benefit
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CY2011 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2012 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
4734000 USD
CY2010 aumn Income Tax Reconciliation Witholding Taxes On Fees
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1459000 USD
CY2012 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
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CY2012 us-gaap Income Tax Examination Penalties And Interest Expense
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100000 USD
CY2009Q4 us-gaap Unrecognized Tax Benefits
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CY2012 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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5885000 USD
CY2012 aumn Income Tax Reconciliation Loss Carryforwards Removed Due To Disposal Of Subsidiary
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1441000 USD
CY2012 aumn Income Tax Reconciliation Nondeductible Value Added Tax In Foreign Jurisdictions
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87000 USD
CY2012Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
1300000 USD
CY2012 us-gaap Income Tax Reconciliation Other Adjustments
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21000 USD
CY2010 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2011 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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230000 USD
CY2011 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
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18032000 USD
CY2011 aumn Income Tax Reconciliation Loss Carryforwards Removed Due To Disposal Of Subsidiary
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3096000 USD
CY2011 aumn Income Tax Reconciliation Nondeductible Value Added Tax In Foreign Jurisdictions
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1707000 USD
CY2011 aumn Income Tax Reconciliation Transaction Cost Capitalized
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1084000 USD
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2125000 USD
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CY2010 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
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38338000 USD
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CY2010 aumn Income Tax Reconciliation Nondeductible Value Added Tax In Foreign Jurisdictions
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930000 USD
CY2010 us-gaap Income Tax Reconciliation Other Adjustments
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-379000 USD
CY2012Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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57169000 USD
CY2011Q4 us-gaap Deferred Tax Assets Liabilities Net
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CY2012 us-gaap Increase Decrease In Other Current Assets And Liabilities Net
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CY2012Q4 us-gaap Prepaid Expense And Other Assets Noncurrent
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163000 USD
CY2011 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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2756000 USD
CY2012 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
278000 USD
CY2011 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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55000 USD
CY2011Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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1063000 USD
CY2012Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
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18927000 USD
CY2011Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
20063000 USD
CY2012Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1555000 USD
CY2011Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1496000 USD
CY2010 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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1425000 USD
CY2011Q4 us-gaap Unrecognized Tax Benefits
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2701000 USD
CY2012 aumn Unrecognized Tax Benefits Estimated Reductions Resulting From Lapse Of Applicable Of Statute Of Limitations
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500000 USD
CY2011 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
200000 USD
CY2011Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
1100000 USD
CY2012Q4 us-gaap Deferred Tax Assets Gross
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78814000 USD
CY2011Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
70103000 USD
CY2012Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
60921000 USD
CY2011Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
58094000 USD
CY2012Q4 us-gaap Deferred Tax Assets Net
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17893000 USD
CY2011Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
12009000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
64232000 USD
CY2011Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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66422000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Other
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733000 USD
CY2011Q4 us-gaap Deferred Tax Liabilities Other
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1190000 USD
CY2012Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
64965000 USD
CY2011Q4 us-gaap Deferred Income Tax Liabilities
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67612000 USD
CY2012Q4 us-gaap Deferred Tax Assets Liabilities Net
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-47072000 USD
CY2012Q4 us-gaap Assets
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CY2011 us-gaap Gain Loss On Sale Of Investments
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-246000 USD
CY2010 us-gaap Gain Loss On Sale Of Investments
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133000 USD
CY2012 us-gaap Gain Loss On Disposition Of Assets
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4070000 USD
CY2011 us-gaap Gain Loss On Disposition Of Assets
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419000 USD
CY2010 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
110000 USD
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101000 USD
CY2011 us-gaap Asset Retirement Obligation Accretion Expense
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71000 USD
CY2012 us-gaap Asset Impairment Charges
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521000 USD
CY2011 us-gaap Exploration Abandonment And Impairment Expense
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100000 USD
CY2012 us-gaap Impairment Of Long Lived Assets Held For Use
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58489000 USD
CY2010 us-gaap Impairment Of Long Lived Assets Held For Use
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280000 USD
CY2011 us-gaap Provision For Doubtful Accounts
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112000 USD
CY2010 aumn Fair Market Value Adjustments Of Assets Held For Sale
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982000 USD
CY2012 aumn Fair Value Of Stock Or Warrants Received For Mineral Rights
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270000 USD
CY2010 aumn Fair Value Of Stock Or Warrants Received For Mineral Rights
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450000 USD
CY2012 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-8014000 USD
CY2011 us-gaap Deferred Income Taxes And Tax Credits
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-2129000 USD
CY2012 aumn Foreign Currency Transaction Gain Loss On Loss Contingency
ForeignCurrencyTransactionGainLossOnLossContingency
-548000 USD
CY2012 aumn Foreign Currency Transaction Gain Loss On Deferred Tax Liability
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847000 USD
CY2011 us-gaap Foreign Currency Transaction Gain Loss Unrealized
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-472000 USD
CY2012 us-gaap Share Based Compensation
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2588000 USD
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
5541000 USD
CY2010 us-gaap Share Based Compensation
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3281000 USD
CY2011 us-gaap Increase Decrease In Interest Payable Net
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-381000 USD
CY2011 us-gaap Increase Decrease In Other Current Assets And Liabilities Net
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15000 USD
CY2010 us-gaap Increase Decrease In Other Current Assets And Liabilities Net
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-18000 USD
CY2011 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
3506000 USD
CY2010 aumn Mineral Rights Acquired With Common Stock And Warrants
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794000 USD
CY2011 us-gaap Stock Issued1
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223097000 USD
CY2012 us-gaap Number Of Reportable Segments
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2 item
CY2012 aumn Exploration Project And General And Administrative Expense
ExplorationProjectAndGeneralAndAdministrativeExpense
27100000 USD
CY2011 aumn Exploration Project And General And Administrative Expense
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54433000 USD
CY2012 us-gaap Additions To Noncurrent Assets
AdditionsToNoncurrentAssets
9620000 USD
CY2011 us-gaap Additions To Noncurrent Assets
AdditionsToNoncurrentAssets
8490000 USD
CY2012 us-gaap Increase Decrease In Accounts Receivable
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1291000 USD
CY2010 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1460000 USD
CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2176000 USD
CY2011 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-643000 USD
CY2010 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-509000 USD
CY2012 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1071000 USD
CY2011 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2233000 USD
CY2012 aumn Increase Decrease In Value Added Tax Receivable Net
IncreaseDecreaseInValueAddedTaxReceivableNet
3106000 USD
CY2011 aumn Increase Decrease In Value Added Tax Receivable Net
IncreaseDecreaseInValueAddedTaxReceivableNet
183000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2487000 USD
CY2011 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-7714000 USD
CY2010 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
507000 USD
CY2012 aumn Increase Decrease In Deferred Leasehold Payments
IncreaseDecreaseInDeferredLeaseholdPayments
-95000 USD
CY2011 aumn Increase Decrease In Deferred Leasehold Payments
IncreaseDecreaseInDeferredLeaseholdPayments
-92000 USD
CY2010 aumn Increase Decrease In Deferred Leasehold Payments
IncreaseDecreaseInDeferredLeaseholdPayments
-43000 USD
CY2012Q1 us-gaap Revenue Mineral Sales
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6383000 USD
CY2012Q2 us-gaap Revenue Mineral Sales
RevenueMineralSales
4938000 USD
CY2012Q3 us-gaap Revenue Mineral Sales
RevenueMineralSales
7063000 USD
CY2012Q4 us-gaap Revenue Mineral Sales
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7702000 USD
CY2012Q1 us-gaap Gross Profit
GrossProfit
-1544000 USD
CY2012Q2 us-gaap Gross Profit
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-1665000 USD
CY2012Q3 us-gaap Gross Profit
GrossProfit
-1510000 USD
CY2012Q4 us-gaap Gross Profit
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-2564000 USD
CY2012Q1 us-gaap Earnings Per Share Basic And Diluted
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-0.29
CY2012Q2 us-gaap Earnings Per Share Basic And Diluted
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-0.22
CY2012Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.74
CY2012Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.26
CY2011Q4 us-gaap Revenue Mineral Sales
RevenueMineralSales
1836000 USD
CY2011Q4 us-gaap Gross Profit
GrossProfit
-4250000 USD
CY2011Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.08
CY2011Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.24
CY2011Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.59
CY2011Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.47
CY2012Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
57200000 USD
CY2012Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
293165000 USD
CY2011Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
288117000 USD
CY2012Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
12260000 USD
CY2011Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3918000 USD
CY2012Q2 aumn Royalty Interest Sold
RoyaltyInterestSold
0.01 pure
CY2012Q2 us-gaap Significant Acquisitions And Disposals Acquisition Costs Or Sale Proceeds
SignificantAcquisitionsAndDisposalsAcquisitionCostsOrSaleProceeds
2400000 USD
CY2012Q2 us-gaap Significant Acquisitions And Disposals Gain Loss On Sale Or Disposal Pretax
SignificantAcquisitionsAndDisposalsGainLossOnSaleOrDisposalPretax
1800000 USD
CY2012Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
4098000 USD
CY2011Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
5172000 USD
CY2012Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2134000 USD
CY2011Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2898000 USD
CY2012Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
100000 USD
CY2012Q4 aumn Accrued Payroll Taxes And Employee Benefits Current
AccruedPayrollTaxesAndEmployeeBenefitsCurrent
2000000 USD
CY2011Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
300000 USD
CY2011Q4 aumn Accrued Payroll Taxes And Employee Benefits Current
AccruedPayrollTaxesAndEmployeeBenefitsCurrent
2600000 USD
CY2012 aumn Operating Plan Term
OperatingPlanTerm
P25Y
CY2012 aumn Increase Decrease In Metal Prices Percentage
IncreaseDecreaseInMetalPricesPercentage
0.20 pure
CY2012Q4 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
4600000 USD
CY2011Q4 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
4900000 USD
CY2012Q4 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
2500000 USD
CY2011Q4 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
2600000 USD
CY2012 aumn Loss Contingency Settlement Period
LossContingencySettlementPeriod
P4Y
CY2012 aumn Mineral Sales Number Of Customers
MineralSalesNumberOfCustomers
5 item
CY2012 aumn Number Of Dore Customers With Whom Entity Entered Into Agreement For Passing Title To Purchasers After Receipt Of Product By Refinery
NumberOfDoreCustomersWithWhomEntityEnteredIntoAgreementForPassingTitleToPurchasersAfterReceiptOfProductByRefinery
1 item
CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
CY2010 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
CY2011 us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
1090000 USD
CY2010 us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
-26000 USD
CY2012Q4 aumn Number Of Change Of Control Events To Which A Portion Of The Us Net Operating Loss Carryforwards Are Subject To Limitations
NumberOfChangeOfControlEventsToWhichAPortionOfTheUSNetOperatingLossCarryforwardsAreSubjectToLimitations
2 item
CY2010 us-gaap Reclamation And Mine Shutdown Provision
ReclamationAndMineShutdownProvision
220000 USD
CY2012Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-10131000 USD
CY2012Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-7640000 USD
CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-63316000 USD
CY2012Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-10938000 USD
CY2011Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-15925000 USD
CY2011Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-18591000 USD
CY2011Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-11744000 USD
CY2011Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-16411000 USD
CY2011 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1834000 USD
CY2010 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
197000 USD
CY2012 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-052000 USD
CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
16377000 USD
CY2012Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
1300000 USD
CY2011Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
7505000 USD
CY2012 aumn Interest And Other Expense Nonoperating
InterestAndOtherExpenseNonoperating
257000 USD
CY2012 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
37522871 shares
CY2011 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
21280916 shares
CY2010 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
8947739 shares
CY2012 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
58484000 USD
CY2011Q4 aumn Prepaid Insurance Noncurrent
PrepaidInsuranceNoncurrent
264000 USD
CY2012 aumn Number Of Days Used For Observing Average Prices Of Metals
NumberOfDaysUsedForObservingAveragePricesOfMetals
P10D
CY2010 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
-873000 USD
CY2012Q4 aumn Loss Carryforwards Which Require Recognition Of Benefit To Additional Paid In Capital
LossCarryforwardsWhichRequireRecognitionOfBenefitToAdditionalPaidInCapital
700000 USD

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