Discontinued Operations

12 Months Ended

Dec. 31, 2013

Discontinued Operations

Discontinued Operations

NOTE 6—Discontinued Operations

        Closure of Kodiak Mining Co.    In 2012, the Company divested the Kodiak Mining Company, LLC, assets and liabilities for $9.5 million cash. This mine was closed in 2008 and the sale resulted in a gain of $8.2 million ($5.2 million after-tax). The Company has reported the results of operations and cash flows of Kodiak as discontinued operations for the year ended December 31, 2012.The Kodiak operations did not have a material impact on either the Company's revenues or operating income for the year ended December 31, 2011 and as such, was not reported as discontinued operations.