2013 Q4 Form 10-K Financial Statement

#000104746914002057 Filed on March 10, 2014

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2013 Q2
Revenue $10.25M $13.82M $8.908M
YoY Change -208.35% 18.14% 1211.93%
Cost Of Revenue $7.820M $7.907M $8.278M
YoY Change 6544.54%
Gross Profit $2.430M $5.911M $630.0K
YoY Change -48.94%
Gross Profit Margin 23.71% 42.78% 7.07%
Selling, General & Admin $4.320M $5.540M $4.530M
YoY Change -44.83% -58.47% -69.76%
% of Gross Profit 177.78% 93.72% 719.05%
Research & Development $2.960M $2.660M $4.990M
YoY Change -84.09% -60.36% -50.45%
% of Gross Profit 121.81% 45.0% 792.06%
Depreciation & Amortization $490.0K $204.0K $245.0K
YoY Change 75.0% -23.31% -6.84%
% of Gross Profit 20.16% 3.45% 38.89%
Operating Expenses $7.600M $8.510M $9.880M
YoY Change -75.14% -58.33% -61.16%
Operating Profit -$5.170M -$8.845M -$139.7M
YoY Change -16.75% 461.78%
Interest Expense -$150.0K -$50.00K -$1.430M
YoY Change -850.0% -103.13% -780.95%
% of Operating Profit
Other Income/Expense, Net -$48.00K -$1.432M
YoY Change -103.0% -19.64%
Pretax Income -$33.68M -$8.893M -$141.1M
YoY Change -12.77% -1.44% 429.58%
Income Tax -$22.34M -$12.16M -$12.41M
% Of Pretax Income
Net Earnings -$11.34M $3.260M -$128.7M
YoY Change -56.87% -223.02% 532.02%
Net Earnings / Revenue -110.63% 23.59% -1444.54%
Basic Earnings Per Share -$0.04 $0.01 -$0.43
Diluted Earnings Per Share -$0.04 $0.01 -$0.43
COMMON SHARES
Basic Shares Outstanding 297.2M shares 297.1M shares 297.1M shares
Diluted Shares Outstanding 297.2M shares 297.9M shares 297.1M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.30M $31.10M $36.20M
YoY Change -66.53% 53.96% -1.63%
Cash & Equivalents $24.32M $31.06M $34.77M
Short-Term Investments $0.00 $0.00 $1.400M
Other Short-Term Assets $2.059M $1.922M $4.617M
YoY Change -28.88% -60.78% -3.81%
Inventory $8.800M $7.800M $7.967M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $46.77M $50.92M $57.80M
YoY Change -49.12% 41.37% 19.18%
LONG-TERM ASSETS
Property, Plant & Equipment $15.14M $15.14M $11.60M
YoY Change 18.61% 12.31% -15.59%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $212.9M $177.1M $176.3M
YoY Change -22.27% -34.7% -21.99%
Other Assets $54.00K $84.00K $54.00K
YoY Change 0.0% 55.56% 0.0%
Total Long-Term Assets $876.3M $922.3M $924.6M
YoY Change -17.25% -14.22% -15.08%
TOTAL ASSETS
Total Short-Term Assets $46.77M $50.92M $57.80M
Total Long-Term Assets $876.3M $922.3M $924.6M
Total Assets $923.1M $973.3M $982.4M
YoY Change -19.8% -12.41% -13.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.800M $10.00M $10.70M
YoY Change -53.77% 38.89% 30.49%
Accrued Expenses
YoY Change
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 $11.19M $11.39M $12.01M
YoY Change -55.59% 51.81% 37.47%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $400.0K $400.0K $400.0K
YoY Change 0.0% 0.0% 0.0%
Total Long-Term Liabilities $400.0K $400.0K $400.0K
YoY Change 0.0% 0.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.19M $11.39M $12.01M
Total Long-Term Liabilities $400.0K $400.0K $400.0K
Total Liabilities $176.3M $215.6M $228.3M
YoY Change -32.54% -16.07% -19.57%
SHAREHOLDERS EQUITY
Retained Earnings -$607.6M -$596.3M -$599.6M
YoY Change 32.13% 37.45% 38.24%
Common Stock $1.355B $1.354B $1.354B
YoY Change 0.36% 5.11% 5.17%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $746.8M $757.7M $754.1M
YoY Change
Total Liabilities & Shareholders Equity $923.1M $973.3M $982.4M
YoY Change -19.8% -12.41% -13.62%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2013 Q2
OPERATING ACTIVITIES
Net Income -$11.34M $3.260M -$128.7M
YoY Change -56.87% -223.02% 532.02%
Depreciation, Depletion And Amortization $490.0K $204.0K $245.0K
YoY Change 75.0% -23.31% -6.84%
Cash From Operating Activities $1.200M $1.740M $600.0K
YoY Change -85.0% -28.1% 130.77%
INVESTING ACTIVITIES
Capital Expenditures -$600.0K -$3.480M -$50.00K
YoY Change 445.45% 1238.46% -90.91%
Acquisitions
YoY Change
Other Investing Activities $10.00K $1.450M $0.00
YoY Change -100.04% -90.94% -100.0%
Cash From Investing Activities -$590.0K -$2.030M -$50.00K
YoY Change -97.54% -112.89% -100.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 70.00K 70.00K
YoY Change -100.0% -73.08% -91.03%
NET CHANGE
Cash From Operating Activities 1.200M 1.740M 600.0K
Cash From Investing Activities -590.0K -2.030M -50.00K
Cash From Financing Activities 0.000 70.00K 70.00K
Net Change In Cash 610.0K -220.0K 620.0K
YoY Change -98.64% -101.19% -92.84%
FREE CASH FLOW
Cash From Operating Activities $1.200M $1.740M $600.0K
Capital Expenditures -$600.0K -$3.480M -$50.00K
Free Cash Flow $1.800M $5.220M $650.0K
YoY Change -77.81% 94.78% -19.75%

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>NOTE 1 THE COMPANY</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;McEwen Mining&#160;Inc. was organized under the laws of the State of Colorado on July&#160;24, 1979. Since inception, the Company has been engaged in the exploration for, development of, production and sale of gold and silver. On January&#160;24, 2012, the Company changed its name from US Gold Corporation to McEwen Mining&#160;Inc. after the completion of the acquisition of Minera Andes&#160;Inc. by way of a statutory plan of arrangement under the laws of the Province of Alberta, Canada.</font></p> <p style="FONT-FAMILY: times;"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company operates in Argentina, Mexico, and the United States. It owns a 49% interest in Minera Santa Cruz&#160;S.A., owner of the producing San Jos&#233; silver-gold mine in Santa Cruz, Argentina, which is operated by the majority owner of the joint venture, Hochschild Mining&#160;plc. It also owns the El Gallo 1 mine in Sinaloa, Mexico. Finally, the Company also owns the Los Azules copper deposit in San Juan, Argentina, the El Gallo 2 project in Sinaloa, Mexico, the Gold Bar project in Nevada in the United States, and a large portfolio of exploration properties in Argentina, Mexico and Nevada.</font></p> </div>
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<div style="font-size:10.0pt;font-family:Times New Roman;"> <font size="2"><b>Use of Estimates:</b></font><font size="2">&#160;&#160;&#160;&#160;The Company's consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America. The preparation of the Company's consolidated financial statements requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the related disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of expenses during the reporting period. The more significant areas requiring the use of management estimates and assumptions relate to environmental, reclamation and closure obligations; estimates of fair value for asset impairments; valuation allowances for deferred tax assets; reserves for contingencies and litigation; and estimates with respect to assumptions regarding stock-based compensation expense. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Actual results may differ significantly from these estimates.</font> </div>
CY2013 us-gaap Reclassifications
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<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>NOTE 18 COMPARATIVE FIGURES</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Certain prior year information was reclassified to conform with the current year's presentation.</font></p> </div>
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CY2013Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
241000 USD
CY2013Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
125827000 USD
CY2013Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
125202000 USD
CY2013Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
625000 USD
CY2012Q4 mux Deferred Tax Liabilities Reclamation Obligation
DeferredTaxLiabilitiesReclamationObligation
-416000 USD
CY2012Q4 mux Deferred Tax Liabilities Basis In Tsvlp
DeferredTaxLiabilitiesBasisInTSVLP
1014000 USD
CY2012Q4 mux Deferred Tax Liabilities Acquisition
DeferredTaxLiabilitiesAcquisition
229522000 USD
CY2012Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
230120000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
229522000 USD
CY2013Q4 mux Deferred Tax Liabilities Reclamation Obligation
DeferredTaxLiabilitiesReclamationObligation
-389000 USD
CY2013Q4 mux Deferred Tax Liabilities Basis In Tsvlp
DeferredTaxLiabilitiesBasisInTSVLP
1014000 USD
CY2013Q4 mux Deferred Tax Liabilities Acquisition
DeferredTaxLiabilitiesAcquisition
158855000 USD
CY2013Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
159480000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
158855000 USD
CY2013 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
34700000 USD
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-31925000 USD
CY2011 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-21098000 USD
CY2012 us-gaap Income Tax Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
7292000 USD
CY2012 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
3245000 USD
CY2011 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
1342000 USD
CY2012 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
781000 USD
CY2011 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-8074000 USD
CY2012 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-1869000 USD
CY2011 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-24000 USD
CY2012 mux Income Tax Reconciliation Imputed Interest
IncomeTaxReconciliationImputedInterest
135000 USD
CY2011 mux Income Tax Reconciliation Imputed Interest
IncomeTaxReconciliationImputedInterest
119000 USD
CY2012 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-3259000 USD
CY2011 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
8869000 USD
CY2012 mux Income Tax Reconciliation Unrealized Foreign Currency Exchange Rate Gain Loss
IncomeTaxReconciliationUnrealizedForeignCurrencyExchangeRateGainLoss
-21263000 USD
CY2011 mux Income Tax Reconciliation Unrealized Foreign Currency Exchange Rate Gain Loss
IncomeTaxReconciliationUnrealizedForeignCurrencyExchangeRateGainLoss
-31000 USD
CY2012 mux Income Tax Reconciliation Net Operating Loss Expired
IncomeTaxReconciliationNetOperatingLossExpired
-2696000 USD
CY2011 mux Income Tax Reconciliation Net Operating Loss Expired
IncomeTaxReconciliationNetOperatingLossExpired
2862000 USD
CY2012 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
36899000 USD
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-27244000 USD
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-180000 USD
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-68377000 USD
CY2013 us-gaap Income Tax Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
2924000 USD
CY2013 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-19016000 USD
CY2013 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
8680000 USD
CY2013 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-187000 USD
CY2013 mux Income Tax Reconciliation Imputed Interest
IncomeTaxReconciliationImputedInterest
171000 USD
CY2013 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
22090000 USD
CY2013 mux Income Tax Reconciliation Unrealized Foreign Currency Exchange Rate Gain Loss
IncomeTaxReconciliationUnrealizedForeignCurrencyExchangeRateGainLoss
-28317000 USD
CY2013 mux Income Tax Reconciliation Net Operating Loss Expired
IncomeTaxReconciliationNetOperatingLossExpired
1711000 USD
CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
34725000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-53365000 USD
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
48000 shares
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.97
CY2013 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
171000 USD
CY2013 us-gaap Stock Issued During Period Shares Purchase Of Assets
StockIssuedDuringPeriodSharesPurchaseOfAssets
41500 shares
CY2013Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1000000 shares
CY2013 mux Number Of Mining Contractors With Which Entity Has Entered Into Agreement
NumberOfMiningContractorsWithWhichEntityHasEnteredIntoAgreement
1 Item
CY2013 mux Term Of Agreement
TermOfAgreement
P6M
CY2013 mux Number Of Shares Agreed To Be Issued Under Agreement
NumberOfSharesAgreedToBeIssuedUnderAgreement
90300 shares
CY2013 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
51100000 shares
CY2013Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
1190000 USD
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
4.57
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1728000 shares
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
445000 shares
CY2011 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
163000 shares
CY2013Q4 us-gaap Common Stock Other Shares Outstanding
CommonStockOtherSharesOutstanding
32200000 shares
CY2005Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
5000000 shares
CY2005Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
3500000 shares
CY2006Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
9000000 shares
CY2006Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Maximum Number Of Shares Per Employee
ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesPerEmployee
1000000 shares
CY2006Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
4000000 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0097 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.75 pure
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2011 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y7M6D
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y6M
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.80
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.86
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.02
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3400000 USD
CY2011 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2700000 USD
CY2013 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1400000 USD
CY2010Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3086000 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3561000 shares
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3870000 shares
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
6.27
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4841000 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
300000 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
947000 shares
CY2010Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.02
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
128000 shares
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
7.96
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
400000 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
36000 shares
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
2.52
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2795000 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.47
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.24
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
2.83
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.96
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
5.80
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
7.10
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y7M6D
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
2.26
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.84
CY2011 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y3M18D
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y2M12D
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y3M18D
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1190000 USD
CY2011Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-16304000 USD
CY2013 us-gaap Other Construction Costs
OtherConstructionCosts
1383000 USD
CY2012Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-17351000 USD
CY2012Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-20364000 USD
CY2013Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
1100000 USD
CY2013 mux Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options Number
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptionsNumber
2000000 shares
CY2013 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y4M24D
CY2011 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
100000 USD
CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
700000 USD
CY2013 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
800000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
3534000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
3563000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
3648000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
4097000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
4409000 USD
CY2013Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-10982000 USD
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-128681000 USD
CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3264000 USD
CY2013Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-11343000 USD
CY2011Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-8734000 USD
CY2011Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-13154000 USD
CY2011Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-23680000 USD
CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2654000 USD
CY2012Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-26285000 USD
CY2011 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7035000 USD
CY2012 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1513000 USD
CY2011 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
3893000 USD
CY2011 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
524000 USD
CY2013 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
95878000 USD
CY2013 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-6743000 USD
CY2012 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
1110000 USD
CY2011 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
36000 USD
CY2013 us-gaap Costs And Expenses
CostsAndExpenses
246379000 USD
CY2012 us-gaap Costs And Expenses
CostsAndExpenses
97371000 USD
CY2011 us-gaap Costs And Expenses
CostsAndExpenses
60185000 USD
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
-200397000 USD
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
-91405000 USD
CY2011 us-gaap Operating Income Loss
OperatingIncomeLoss
-60185000 USD
CY2013 us-gaap Investment Income Interest
InvestmentIncomeInterest
262000 USD
CY2012 us-gaap Investment Income Interest
InvestmentIncomeInterest
228000 USD
CY2011 us-gaap Investment Income Interest
InvestmentIncomeInterest
202000 USD
CY2013 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
560000 USD
CY2012 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-3830000 USD
CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.42
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.50
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
261223000 shares
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
147692000 shares
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.26
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.42
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
297041000 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
261223000 shares
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
147692000 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
297041000 shares
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.26
CY2012 us-gaap Marketable Securities Realized Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments
-70000 USD
CY2011 us-gaap Marketable Securities Realized Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments
19000 USD
CY2011 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
2075000 USD
CY2011 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-3394000 USD
CY2012 us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
1993000 USD
CY2013 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1309000 USD
CY2012 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
456000 USD
CY2011 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-769000 USD
CY2013 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-710000 USD
CY2012 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2493000 USD
CY2011 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1867000 USD
CY2012 mux Other Comprehensive Income Loss Reclassification Adjustment Related To Sale Of Securities And Writedown Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentRelatedToSaleOfSecuritiesAndWritedownOfSecuritiesIncludedInNetIncomeNetOfTax
1000000 USD
CY2013 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-1000 USD
CY2012 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-5000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-201107000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-93898000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-62052000 USD
CY2013 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-147742000 USD
CY2012 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-66654000 USD
CY2011 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-61872000 USD
CY2011 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-1546000 USD
CY2013 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-147743000 USD
CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-65659000 USD
CY2011 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-63418000 USD
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.50
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
24321000 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
70921000 USD
CY2013Q4 us-gaap Other Assets Current
OtherAssetsCurrent
2059000 USD
CY2012Q4 us-gaap Other Assets Current
OtherAssetsCurrent
2895000 USD
CY2013Q4 us-gaap Assets Current
AssetsCurrent
46771000 USD
CY2012Q4 us-gaap Assets Current
AssetsCurrent
91918000 USD
CY2013Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
9797000 USD
CY2012Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
21235000 USD
CY2012Q4 us-gaap Litigation Reserve Current
LitigationReserveCurrent
3830000 USD
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
11189000 USD
CY2013Q4 us-gaap Mineral Properties Net
MineralPropertiesNet
642968000 USD
CY2012Q4 us-gaap Mineral Properties Net
MineralPropertiesNet
767067000 USD
CY2013Q4 us-gaap Restricted Cash And Investments Noncurrent
RestrictedCashAndInvestmentsNoncurrent
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PaymentsToAcquireMiningAssets
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CY2011 us-gaap Payments To Acquire Mining Assets
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PaymentsToAcquirePropertyPlantAndEquipment
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PaymentsToAcquirePropertyPlantAndEquipment
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ProceedsFromSaleOfPropertyPlantAndEquipment
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ProceedsFromSaleOfPropertyPlantAndEquipment
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ProceedsFromSaleOfPropertyPlantAndEquipment
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CY2012 us-gaap Net Cash Provided By Used In Continuing Operations
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GainOnLitigationSettlement
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StockOptionPlanExpense
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1530000 USD
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ForeignCurrencyTransactionGainLossUnrealized
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CY2011 us-gaap Stock Issued During Period Value New Issues
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StockIssuedDuringPeriodValueStockOptionsExercised
412000 USD
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StockIssuedDuringPeriodValueStockOptionsExercised
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CY2011 us-gaap Stock Issued During Period Value Acquisitions
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361000 USD
CY2012 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
3066000 USD
CY2011 us-gaap Stock Issued During Period Value Purchase Of Assets
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CY2012 us-gaap Stock Issued During Period Value Purchase Of Assets
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391000 USD
CY2013 us-gaap Stock Issued During Period Value Purchase Of Assets
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CY2012 mux Exchangeable Stock Issued During Period Value Acquisitions
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664671000 USD
CY2012 mux Stock Issued During Period Value Stock Options Assumed In Acquisition Of Business
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3175000 USD
CY2012 mux Exchangeable Stock Issued During Period Value New Issues
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CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Net Of Tax
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1993000 USD
CY2013 us-gaap Stock Issued During Period Value Acquisitions
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76000 USD
CY2013 mux Stock Issued During Period Value Issued For Litigation Settlement
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22810000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
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306000 USD
CY2013Q4 us-gaap Purchase Obligation Due In Next Twelve Months
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3071000 USD
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6605000 USD
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CY2013Q4 us-gaap Contractual Obligation Due In Third Year
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P7Y7M6D
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596000 USD
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47000 USD
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CY2013Q4 mux Litigation Settlement Liabilities Fair Value Disclosure
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200000 USD
CY2013 mux Mine Development And Operating Costs
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847000 USD
CY2012 mux Mine Development And Operating Costs
MineDevelopmentAndOperatingCosts
8507000 USD
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ValueAddedTaxReceivableCurrent
9150000 USD

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