Prepaid Expenses and Other Assets

12 Months Ended

Dec. 31, 2012

Prepaid Expenses and Other Assets

Prepaid Expenses and Other Assets

5. Prepaid Expenses and Other Assets

        Prepaid expenses and other assets consist of the following:

	December 31,
	2012		2011
	(in thousands)
Prepaid insurance	$	611	$	590
Prepaid contractor fees and vendor advances		148		1,557
Account receivable		—		682
Recoupable deposits and other		285		290
	$	1,044	$	3,119

• December 31, 2012

        The prepaid contractor fees and vendor advances consist of advance payments made to equipment manufacturers, contractors and suppliers primarily at the Company's Velardeña Operations in Mexico.

        In addition, included in non-current assets at December 31, 2012 is approximately $163,000 of prepaid insurance on which amortization will be recognized through 2015.

• December 31, 2011

        The prepaid contractor fees and vendor advances consist of advance payments made to equipment manufacturers, contractors and suppliers primarily at the Company's Velardeña Operations in Mexico.

        The account receivable is related to the sale of our Paca Pulacayo property in Bolivia which settled during July 2012.

        In addition, included in non-current assets at December 31, 2011 is approximately $264,000 of prepaid insurance on which amortization will be recognized through 2015.