Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative instruments, future settlement

At December 31, 2016, the Company had the following derivative instruments that settle as follows:

In thousands except average prices and notional ounces	2017		Thereafter
Provisional silver sales	$	5,801	$	—
Average silver price	$	16.35	$	—
Notional ounces	354,771		—
Provisional gold sales	$	30,810	$	—
Average gold price	$	1,208	$	—
Notional ounces	25,505		—

Fair value of the derivative instruments

The following summarizes the classification of the fair value of the derivative instruments:

	December 31, 2016
In thousands	Prepaid expenses and other		Accrued liabilities and other		Current portion of royalty obligation		Non-current portion of royalty obligation
Provisional silver and gold sales contracts	$	—	$	762	$	—	$	—

	December 31, 2015
In thousands	Prepaid expenses and other		Accrued liabilities and other		Current portion of royalty obligation		Non-current portion of royalty obligation
Palmarejo gold production royalty	$	—	$	—	$	4,957	$	—
Provisional silver and gold sales contracts	28		536		—		—
	$	28	$	536	$	4,957	$	—

Gain losses on derivative instruments

The following represent mark-to-market gains (losses) on derivative instruments for the years ended December 31, 2016, 2015, and 2014 and 2015 (in thousands):

		Year ended December 31,
Financial statement line	Derivative	2016			2015		2014
Revenue	Provisional silver and gold sales contracts	$	(254	)	$	296	(123		)
Costs applicable to sales	Foreign exchange contracts	—			—		924
Fair value adjustments, net	Foreign exchange contracts	—			—		(16		)
Fair value adjustments, net	Palmarejo gold royalty	(5,866		)	3,101		(2,001		)
Fair value adjustments, net	Silver and gold options	(1,582		)	1,283		1,058
		$	(7,702	)	$	4,680	$	(158	)