XML 111 R88.htm IDEA: XBRL DOCUMENT v2.4.0.6
Derivative Financial Instruments and Fair Value of Financial Instruments (Details Textual)
12 Months Ended 1 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended
Dec. 31, 2011
USD ($)
oz
Dec. 31, 2010
USD ($)
oz
Dec. 31, 2009
USD ($)
Dec. 31, 2011
Cerro Bayo Mine [Member]
oz
Dec. 31, 2011
Gold lease facility [Member]
USD ($)
Dec. 31, 2010
Gold lease facility [Member]
USD ($)
Dec. 31, 2009
Gold lease facility [Member]
USD ($)
Dec. 23, 2010
Gold lease facility [Member]
Sep. 30, 2010
Franco-Nevada warrant [Member]
USD ($)
Dec. 31, 2011
Franco-Nevada warrant [Member]
USD ($)
Dec. 31, 2010
Franco-Nevada warrant [Member]
USD ($)
Dec. 31, 2009
Franco-Nevada warrant [Member]
USD ($)
Dec. 31, 2011
Gold call options sold [Member]
oz
Sep. 30, 2011
Gold call options sold [Member]
Dec. 31, 2011
Gold put options sold [Member]
oz
Dec. 31, 2011
Gold forward contracts [Member]
USD ($)
Dec. 31, 2011
Palmarejo gold royalty [Member]
oz
Jan. 21, 2009
Palmarejo gold royalty [Member]
oz
Dec. 31, 2011
Forward foreign exchange contracts [Member]
Mexican peso forward purchase contracts [Member]
USD ($)
Dec. 31, 2010
Forward foreign exchange contracts [Member]
Mexican peso forward purchase contracts [Member]
USD ($)
Dec. 31, 2009
Forward foreign exchange contracts [Member]
Mexican peso forward purchase contracts [Member]
USD ($)
Dec. 31, 2011
Forward foreign exchange contracts [Member]
Mexican peso forward purchase contracts [Member]
MXN
Dec. 31, 2011
Silver [Member]
Cerro Bayo Mine [Member]
USD ($)
Dec. 31, 2010
Silver [Member]
Cerro Bayo Mine [Member]
USD ($)
Dec. 31, 2011
Commodity [Member]
USD ($)
oz
Dec. 31, 2010
Commodity [Member]
USD ($)
oz
Dec. 31, 2009
Commodity [Member]
USD ($)
Dec. 31, 2011
Forward Contracts [Member]
oz
Additional Derivative Financial Instruments and Fair Value of Financial Instruments (Textual) [Abstract]                                                        
Payment made for gold on the end of royalty obligation                                   400,000                    
Total gold remain outstanding                                 256,646                      
Fair value liability of the embedded derivative                   $ 159,400,000 $ 162,000,000                                  
Contingent options on warrants to acquire common shares                   316,436                                    
Company recognized Mark to Market loss             6,300,000     2,600,000 84,000,000                                  
Company recognized Mark to Market Gain           2,900,000       0 3,500,000                                  
Net proceeds from sale of shares                 10,000,000                                      
Fair value of warrant                       6,300,000                                
Realized losses on settlement of the liabilities         2,300,000 10,100,000 200,000     42,600,000 18,200,000                           5,300,000 2,100,000    
Foreign exchange contracts of MXP                                     25,500,000                  
Weighted average exchange rate of MXP                                           12.40            
Fair value of foreign exchange contracts 21,700,000 37,400,000                                 3,200,000                  
Mark-to-market gains and losses on forward foreign exchange contract                                     3,200,000 1,300,000 1,300,000              
Mark-to-market Realized gains on forward foreign exchange contract (49,500,000) (28,300,000) 400,000                               400,000 1,600,000 1,500,000              
Obligations of the outstanding amount including lease fees               30.00%                                        
Fair Value of Derivative Liability before Pre Credit Risk Adjustment           14,200,000                                            
Credit risk adjustment           100,000                                            
Discount rate on current futures metals prices           3.10%                                            
Notional ounces                         35,000 72,750,000 53,750                         10,000
Realized gains                               50,000                     900,000  
Derivative fair value of derivative liability           14,100,000                                     17,900,000      
Average strike price                             866.48                   1,772.89      
Unrealized gain                                                 3,100,000 6,700,000    
Received silver in connection with sales of asset       125,000                                                
Company recognized mark to market loss                                             0          
Company recognized mark to market gain                                             800,000          
Fair value of the contract                                             2,300,000 3,900,000        
Contract expiration date                                                 5 years      
Outstanding put options of silver                                                   5,400,000    
Weighted average Strike price of call options written                                                 $1919.83 per ounce if the market price of gold exceeds the strike price      
Weighted average strike price of put option                                                 $951.93 per ounce if the market price of gold fall below the strike price      
Outstanding call options of gold                                                 136,000      
Outstanding put options of gold                                                 190,000      
Average strike price of put option                                                   9.21    
Derivative Financial Instruments and Fair Value of Financial Instruments (Textual) [Abstract]                                                        
Gold leased from MIC 0 10,000                                                    
Fixed Price of Forward gold contract 1.380                                                      
Outstanding put options of silver                                                   5,400,000    
Outstanding provisionally priced sales 22,500,000 35,700,000                                                    
Outstanding provisionally priced sales consists of silver 200,000 600,000                                                    
Outstanding provisionally priced sales consists of Gold 9,701 12,758                                                    
Fair value of gold and silver including embedded derivative 21,700,000 37,400,000                                                    
Realized gain (loss) (49,500,000) (28,300,000) 400,000                               400,000 1,600,000 1,500,000              
Gain (loss) on sales related to forward foreign exchange contracts $ 400,000 $ 1,600,000 $ 1,500,000