Debt and Capital Lease Obligations (Table)

6 Months Ended

Jun. 30, 2012

Long term debt and capital lease obligations

The current and non-current portions of long-term debt and capital lease obligations as of June 30, 2012 and December 31, 2011 are as follows (in thousands):



	June 30, 2012				December 31, 2011
	Current		Non-Current		Current		Non-Current
3.25% Convertible Senior Notes due March 2028	$	46,786	$	—	$	—	$	45,545
Kensington Term Facility	24,248		47,726		15,398		60,425
Capital lease obligations	11,674		6,248		17,119		9,891
Other	—		—		85		—
	$	82,708	$	53,974	$	32,602	$	115,861

Interest expenses incurred for various debt instruments

For the three and six months ended June 30, 2012 and 2011, the Company expensed interest of $7.6 million and $9.3 million, and $14.2 million and $18.6 million, respectively.



	Three months ended June 30,						Six months ended June 30,
	2012			2011			2012			2011
	(in thousands)						(in thousands)
3.25% Convertible Senior Notes due March 2028	$	395		$	395		$	791		$	791
1.25% Convertible Senior Notes paid in 2011	—			—			—			1
Senior Term Notes paid in 2011	—			427			—			914
Kensington Term Facility	906			1,162			1,880			2,267
Capital lease obligations	265			472			608			938
Other debt obligations	162			145			230			613
Gold Lease Facility terminated in 2011	—			—			—			107
Accretion of Franco Nevada royalty obligation	5,559			5,770			10,663			11,037
Amortization of debt issuance costs	251			559			508			1,183
Accretion of debt discount	629			576			1,241			1,137
Capitalized interest	(610		)	(238		)	(1,694		)	(415		)
Total interest expense, net of capitalized interest	$	7,557		$	9,268		$	14,227		$	18,573