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Impairment of Long Lived Assets (Tables)
12 Months Ended
Dec. 31, 2013
Impairment of long lived assets  
Schedule of details of components of the impairment of long lived assets

 

 

 

Impairment Charges

 

 

 

 

 

Velardeña

 

 

 

 

 

 

 

Properties

 

San Diego

 

Total

 

 

 

Asset Group

 

Asset Group

 

Impairment

 

 

 

 

 

 

 

 

 

Mineral properties

 

$

217,524

 

$

 

$

217,524

 

Exploration properties

 

3,472

 

8,659

 

12,131

 

Royalty properties

 

 

 

 

Buildings

 

3,036

 

 

3,036

 

Mining equipment and machinery

 

10,394

 

 

10,394

 

Other furniture and equipment

 

900

 

 

900

 

Asset retirement cost

 

 

 

 

 

 

 

235,326

 

8,659

 

243,985

 

Velardena Properties Asset Group
 
Impairment of long lived assets  
Schedule of details of components of the impairment of long lived assets

 

 

 

 

Net Book Value

 

 

 

Net Book Value

 

 

 

Net Book Value

 

 

 

Prior to

 

Jun. 30, 2013

 

After

 

Dec. 31, 2013

 

After

 

 

 

Impairment at

 

Impairment

 

Impairment at

 

Impairment

 

Impairment at

 

 

 

Jun. 30, 2013

 

Charges

 

Jun. 30, 2013

 

Charges

 

Dec. 31, 2013

 

 

 

(in thousands)

 

 

 

 

 

Mineral properties (1)

 

$

232,805

 

$

211,608

 

$

21,197

 

$

5,916

 

$

15,384

 

Exploration properties

 

3,472

 

3,472

 

 

 

 

Tangible assets (2)

 

23,928

 

14,330

 

9,598

 

 

8,485

 

 

 

$

260,205

 

$

229,410

 

$

30,795

 

$

5,916

 

$

23,869

 

 

 

(1)         The December 31, 2013 mineral properties net book value reflects a $0.1 million adjustment recorded during the fourth quarter of 2013 in addition to the impairment charge.

(2)         The December 31, 2013 tangible assets net book value reflects depreciation and asset disposals recorded during the third and fourth quarters of 2013.

San Diego exploration property
 
Impairment of long lived assets  
Schedule of details of components of the impairment of long lived assets

 

 

 

 

Net Book Value

 

 

 

Net Book Value

 

 

 

Net Book Value

 

 

 

Prior to

 

Jun. 30, 2013

 

After

 

Dec. 31, 2013

 

After

 

 

 

Impairment at

 

Impairment

 

Impairment at

 

Impairment

 

Impairment at

 

 

 

Jun. 30, 2013

 

Charges

 

Jun. 30, 2013

 

Charges

 

Dec. 31, 2013

 

 

 

(in thousands)

 

Exploration properties

 

$

9,260

 

$

8,428

 

$

832

 

$

231

 

$

601

 

 

 

$

9,260

 

$

8,428

 

$

832

 

$

231

 

$

601