Federal Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of Components of Future Tax Assets and Liabilities

The Company’s future tax assets and liabilities at December 31, 2015 and 2014 include the following components:

	December 31,
	2015			2014
Deferred tax assets:
Non-Current:
Net operating loss carryforwards	$	80,491		$	71,882
Mineral properties		13,970			11,375
Capital loss carryforwards		618
Restoration reserves		1,478			1,360
Capitalized transaction costs		1,145			-
Other		946			199
Deferred tax assets		98,648			84,816
Valuation allowance		(96,203	)		(82,435	)
Net deferred tax assets		2,445			2,381
Deferred tax liabilities:
Current:
Prepaids and other		68			100
		68			100
Non-Current:
Derivatives		(956	)		(956	)
Property, plant and equipment		(1,557	)		(1,525	)
		(2,513	)		(2,481	)
Deferred tax liabilities		(2,445	)		(2,381	)
Net deferred tax asset (liability)	$	—		$	—

Schedule of Valuation Allowance by Tax Jurisdiction

The composition of our valuation allowance by tax jurisdiction is summarized as follows:

	December 31,
	2015			2014
United States	$	87,304		$	82,435
Australia		11,066		$	-
Turkey		(2,167	)	$	-
Total valuation allowance	$	96,203		$	82,435

Schedule of Loss From Operations Before Income Taxes

For financial reporting purposes, loss from operations before income taxes consists of the following components:

	For the calendar year ended December 31,
	2015			2014
United States	$	(14,858	)	$	(10,684	)
Australia		(76	)		-
Turkey		(209	)		-
	$	(15,143	)	$	(10,684	)

Schedule of Reconciliation of Expected Income Tax on Net Income at Statutory Rates

A reconciliation of expected income tax on net income at statutory rates is as follows:

	Year ended December 31,
	2015			2014
Net loss	$	(15,143	)	$	(10,684	)
Statutory tax rate		34	%		34	%
Tax recovery at statutory rate		(5,149	)		(3,633	)
Foreign tax rate		(33	)		—
Mineral property adjustments		(2,394	)		1,975
Foreign deferred costs and other adjustments		(800	)		12
Operating loss carryforward adjustment		(5,488	)		(2,251	)
Nondeductible write-offs		96			6
Change in valuation allowance		13,768			3,891
Income tax expense (recovery)	$	—		$	—