Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Nov. 05, 2013 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'COEUR MINING, INC. | ' |
Entity Central Index Key | '0000215466 | ' |
Document Type | '10-Q | ' |
Document Period End Date | 30-Sep-13 | ' |
Amendment Flag | 'false | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Trading Symbol | 'CDE | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Large Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 100,530,862 |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (Unaudited) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
CURRENT ASSETS | ' | ' |
Cash and cash equivalents | $211,434 | $125,440 |
Short term investments | 0 | 999 |
Receivables | 74,417 | 62,438 |
Ore on leach pad | 39,880 | 22,991 |
Metal and other inventory | 123,537 | 170,670 |
Deferred tax assets | 2,713 | 2,458 |
Restricted assets | 2,015 | 396 |
Prepaid expenses and other | 26,778 | 20,790 |
Total Current Assets | 480,774 | 406,182 |
NON-CURRENT ASSETS | ' | ' |
Property, plant and equipment, net | 649,591 | 684,002 |
Mining properties, net | 2,365,999 | 1,991,809 |
Ore on leach pad, non-current portion | 31,966 | 21,356 |
Restricted assets | 24,914 | 24,970 |
Marketable securities | ' | 27,065 |
Receivables, non-current portion | 37,191 | 48,767 |
Debt issuance costs, net | 11,351 | 3,713 |
Deferred tax assets | 1,104 | 955 |
Other | 16,411 | 12,582 |
TOTAL ASSETS | 3,636,917 | 3,221,401 |
CURRENT LIABILITIES | ' | ' |
Accounts payable | 63,610 | 57,482 |
Accrued liabilities and other | 9,589 | 10,002 |
Accrued income taxes | 8,529 | 27,108 |
Accrued payroll and related benefits | 19,295 | 21,306 |
Accrued interest payable | 4,028 | 478 |
Current portion of debt and capital leases | 3,868 | 55,983 |
Current portion of royalty obligation | 49,069 | 65,104 |
Current portion of reclamation and mine closure | 443 | 668 |
Deferred tax liabilities | 121 | 121 |
Total Current Liabilities | 158,552 | 238,252 |
NON-CURRENT LIABILITIES | ' | ' |
Long-term debt and capital leases | 306,372 | 3,460 |
Non-current portion of royalty obligation | 90,892 | 141,879 |
Reclamation and mine closure | 55,872 | 34,670 |
Deferred tax liabilities | 709,910 | 577,488 |
Other long-term liabilities | 23,371 | 27,372 |
Total Noncurrent Liabilities | 1,186,417 | 784,869 |
COMMITMENTS AND CONTINGENCIES (Note 17) | ' | ' |
SHAREHOLDERS' EQUITY | ' | ' |
Common stock, par value $0.01 per share; authorized 150,000,000 shares, issued and outstanding 100,548,811 at September 30, 2013 and 90,342,338 at December 31, 2012 | 1,006 | 903 |
Additional paid-in capital | 2,756,377 | 2,601,254 |
Accumulated deficit | -465,191 | -396,156 |
Accumulated other comprehensive loss | -244 | -7,721 |
Total Shareholders' Equity | 2,291,948 | 2,198,280 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $3,636,917 | $3,221,401 |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
SHAREHOLDERS' EQUITY | ' | ' |
Common stock, par value | $0.01 | $0.01 |
Common stock, share authorized | 150,000,000 | 150,000,000 |
Common stock, share issued | 100,548,811 | 90,342,338 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Operations (Loss) (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Statement of Other Comprehensive Income [Abstract] | ' | ' | ' | ' |
Sales of metal | $200,825 | $230,593 | $577,147 | $689,563 |
Production costs applicable to sales | -131,728 | -124,967 | -363,437 | -349,344 |
Depreciation, Depletion and Amortization | -60,874 | -52,844 | -168,963 | -166,460 |
Gross profit | 8,223 | 52,782 | 44,747 | 173,759 |
COSTS AND EXPENSES | ' | ' | ' | ' |
General and administrative | 16,240 | 10,266 | 41,492 | 26,456 |
Exploration | 3,305 | 6,957 | 16,920 | 19,829 |
Litigation settlement | 0 | 0 | 32,046 | 0 |
Loss on impairment | 0 | 1,293 | 205 | 6,106 |
Pre-development, care, maintenance and other | 3,955 | 277 | 9,414 | 1,618 |
Total costs and expenses | 23,500 | 18,793 | 100,077 | 54,009 |
OPERATING INCOME (LOSS) | -15,277 | 33,989 | -55,330 | 119,750 |
OTHER INCOME AND EXPENSE | ' | ' | ' | ' |
Fair value adjustments, net | -20,646 | -37,648 | 63,905 | -44,722 |
Other than temporary impairment of marketable securities | -870 | -605 | -18,097 | -605 |
Interest income and other, net | -1,791 | 13,269 | 2,484 | 15,055 |
Interest expense, net of capitalized interest | -9,662 | -7,351 | -30,324 | -21,578 |
Total other income and expense | -32,969 | -32,335 | 17,968 | -51,850 |
Income (loss) before income taxes | -48,246 | 1,654 | -37,362 | 67,900 |
Income tax provision | 1,981 | -17,475 | -31,673 | -56,773 |
NET INCOME (LOSS) | ($46,265) | ($15,821) | ($69,035) | $11,127 |
Basic income per share: | ' | ' | ' | ' |
Net income | ($0.46) | ($0.18) | ($0.71) | $0.12 |
Diluted income per share: | ' | ' | ' | ' |
Net income | ($0.46) | ($0.18) | ($0.71) | $0.12 |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statement of Comprehensive Income (Loss) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Net income (loss) | ($46,265) | ($15,821) | ($69,035) | $11,127 |
OTHER COMPREHENSIVE INCOME (LOSS) net of tax: | ' | ' | ' | ' |
Unrealized gain (loss) on available for sale securities | 301 | 6,026 | -10,756 | 774 |
Reclassification adjustments for losses included in net income | 1,006 | 605 | 18,233 | 605 |
COMPREHENSIVE INCOME (LOSS) | -44,958 | -9,190 | -61,558 | 12,506 |
Marketable Securities, Realized Gain (Loss), Excluding Other than Temporary Impairments | $870 | $605 | $18,097 | $605 |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (USD $) | Total | Common Stock | Additional Paid-In Capital | Accumulated (Deficit) | Accumulated Other Comprehensive Loss |
In Thousands | |||||
Balances at Dec. 31, 2012 | $2,198,280 | $903 | $2,601,254 | ($396,156) | ($7,721) |
Balances, Shares at Dec. 31, 2012 | ' | 90,342 | ' | ' | ' |
Net income (loss) | -69,035 | 0 | 0 | -69,035 | 0 |
Other comprehensive loss | 7,477 | 0 | 0 | 0 | 7,477 |
Other Comprehensive Income (Loss), Net of Tax | 7,477 | ' | ' | ' | ' |
Common stock issued for the acquisition of Orko Silver Corp., Shares | ' | 11,573 | ' | ' | ' |
Common stock issued for the acquisition of Orko Silver Corp., Value | 173,363 | 116 | 173,247 | 0 | 0 |
Warrants issued for the acquisition of Orko Silver Corp., Value | 5,777 | 0 | 5,777 | 0 | 0 |
Stock Repurchased During Period, Shares | ' | -1,691 | ' | ' | ' |
Stock Repurchased During Period, Value | -27,552 | -17 | -27,535 | 0 | 0 |
Common stock issued/cancelled under long-term incentive plans and director fees and options, net | 3,638 | 4 | 3,634 | 0 | ' |
Common stock issued/cancelled under long-term incentive plans and director fees and options, net, shares | ' | 325 | ' | ' | ' |
Reclassification adjustments for losses included in net income | 18,233 | ' | ' | ' | ' |
Balances at Sep. 30, 2013 | $2,291,948 | $1,006 | $2,756,377 | ($465,191) | ($244) |
Balances, Shares at Sep. 30, 2013 | ' | 100,549 | ' | ' | ' |
Condensed_Consolidated_Stateme3
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' | ' | ' |
Net income (loss) | ($46,265) | ($15,821) | ($69,035) | $11,127 |
Add (deduct) non-cash items | ' | ' | ' | ' |
Depreciation, depletion and amortization | 60,874 | 52,844 | 168,963 | 166,460 |
Accretion of discount on debt and other assets, net | 509 | 585 | 2,040 | 1,683 |
Accretion of royalty obligation | 2,889 | 4,276 | 10,698 | 14,348 |
Deferred income taxes | -1,869 | -4,944 | 17,680 | 12,425 |
Fair value adjustments, net | 20,308 | 35,270 | -61,487 | 39,288 |
Gain (loss) on foreign currency transactions | -511 | -1,577 | -828 | -1,208 |
Litigation settlement | 0 | 0 | 22,046 | 0 |
Share-based compensation | 373 | 3,364 | 3,085 | 6,534 |
(Gain) loss on sale of assets | -7 | 108 | -1,139 | 372 |
Other than temporary impairment of marketable securities | 870 | 605 | 18,097 | 605 |
Loss on impairment | 0 | 1,243 | 205 | 6,016 |
Other non-cash charges | 136 | 1,331 | 136 | 1,838 |
Changes in operating assets and liabilities: | ' | ' | ' | ' |
Receivables and other current assets | -2,132 | -5,648 | 6,515 | 1,717 |
Prepaid expenses and other | -14,306 | -2,481 | -13,894 | -564 |
Inventories | 11,592 | -13,762 | 22,582 | -35,387 |
Accounts payable and accrued liabilities | -5,657 | 24,342 | -22,588 | -15,313 |
CASH PROVIDED BY OPERATING ACTIVITIES | 26,804 | 79,735 | 103,076 | 209,941 |
CASH FLOWS FROM INVESTING ACTIVITIES | ' | ' | ' | ' |
Purchase of short term investments and marketable securities | -2,689 | -4,093 | -8,022 | -11,959 |
Proceeds from sales and maturities of short term investments | 27 | 337 | 6,371 | 21,038 |
Capital expenditures | -32,726 | -29,972 | -72,754 | -93,857 |
Acquisition of Orko Silver Corporation | 0 | 0 | -113,214 | 0 |
Other | -48 | 479 | 1,163 | 1,659 |
CASH USED IN INVESTING ACTIVITIES | -35,436 | -33,249 | -186,456 | -83,119 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' | ' |
Proceeds from issuance of notes and bank borrowings | 0 | 0 | 300,000 | 0 |
Payments on long-term debt, capital leases, and associated costs | -1,824 | -80,318 | -59,021 | -94,562 |
Payments on gold production royalty | -12,619 | -17,458 | -43,548 | -58,119 |
Reductions of restricted assets associated with the Kensington Term Facility | 0 | 4,645 | 0 | 4,645 |
Share repurchases | -14,995 | -9,971 | -27,552 | -9,971 |
Other | -27 | 134 | -505 | -912 |
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES: | -29,465 | -102,968 | 169,374 | -158,919 |
NET CHANGE IN CASH AND CASH EQUIVALENTS | -38,097 | -56,482 | 85,994 | -32,097 |
Cash and cash equivalents at beginning of period | 249,531 | 199,397 | 125,440 | 175,012 |
Cash and cash equivalents at end of period | $211,434 | $142,915 | $211,434 | $142,915 |
Basis_of_Presentation
Basis of Presentation | 9 Months Ended |
Sep. 30, 2013 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
BASIS OF PRESENTATION | ' |
BASIS OF PRESENTATION | |
Basis of Presentation: The Company’s unaudited interim condensed consolidated financial statements have been prepared under United States Generally Accepted Accounting Principles (“U.S. GAAP”) and applicable rules of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting and include the accounts of Coeur Mining, Inc. and its consolidated subsidiaries (“Coeur” or the “Company”). In the opinion of management, all adjustments and disclosures necessary for the fair presentation of these interim statements have been included. The results reported in these interim statements may not be indicative of the results reported for the year ending December 31, 2013. The condensed consolidated December 31, 2012 balance sheet data was derived from the audited consolidated financial statements. Accordingly, these unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in the Company’s Form 10-K for the year ended December 31, 2012. | |
Use of Estimates: The preparation of the Company’s consolidated financial statements requires management to make estimates and assumptions that affect the amounts reported in its condensed consolidated financial statements and accompanying notes. The most significant areas requiring the use of management’s estimates and assumptions relate to recoverable ounces from proven and probable reserves that are the basis of future cash flow estimates and units-of-production depreciation and amortization calculations; useful lives utilized for depreciation, depletion and amortization; estimates of future cash flows for long lived assets; estimates of recoverable gold and silver ounces in ore on leach pads; the amount and timing of reclamation and remediation costs; and valuation allowance for deferred tax assets. |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ' |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Recently Adopted Accounting Pronouncements: | |
On January 1, 2013, the Company adopted ASU 2011-11, "Balance Sheet (Topic 201): Disclosures about Offsetting Assets and Liabilities." This ASU adds certain additional disclosure requirements about financial instruments and derivative instruments that are subject to netting arrangements. The adoption of ASU 2011-11 had no effect on the Company's financial position, results of operations or cash flows. | |
On January 1, 2013, the Company adopted ASU 2013-02, "Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income." The new standard requires either in a single note or parenthetically on the face of the financial statements: (i) the effect of significant amounts reclassified from each component of accumulated other comprehensive income based on its source and (ii) the income statement line items affected by the reclassification. The adoption of ASU 2013-02 had no effect on the Company's financial position, results of operations or cash flows. | |
Recently Issued Accounting Pronouncements: | |
In July 2013, the FASB issued ASU 2013-11, "Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists." The updated guidance requires an entity to net its unrecognized tax benefits against the deferred tax assets for all same jurisdiction net operating loss carryforwards, a similar tax loss, or tax credit carryforwards. A gross presentation will be required only if such carryforwards are not available or would not be used by the entity to settle any additional income taxes resulting from disallowance of the uncertain tax provision. The update is effective prospectively for the Company's fiscal year beginning January 1, 2014. |
Earnings_Per_Share
Earnings Per Share | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||||||
EARNINGS PER SHARE | ' | |||||||||||||||
EARNINGS PER SHARE | ||||||||||||||||
Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during each period. Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. For the three and nine months ended September 30, 2013, 1,142,530 shares of common stock equivalents related to equity-based awards have not been included in the diluted per share calculation as the shares would be antidilutive. For the three and nine months ended September 30, 2012, 772,368 and 640,660 shares, respectively, of common stock equivalents related to equity-based awards have not been included in the diluted per share calculation as the shares would be antidilutive. The 3.25% Convertible Senior Notes were not included in the computation of diluted earnings per share for the three and nine months ended September 30, 2013 and 2012 because there is no excess value upon conversion over the principal amount of the Notes. | ||||||||||||||||
Three months ended | Nine months ended September 30, | |||||||||||||||
September 30, | ||||||||||||||||
In thousands except per share amounts | 2013 | 2012 | 2013 | 2012 | ||||||||||||
Net income (loss) available to common stockholders | $ | (46,265 | ) | $ | (15,821 | ) | $ | (69,035 | ) | $ | 11,127 | |||||
Weighted average shares | ||||||||||||||||
Basic | 100,778 | 89,429 | 96,893 | 89,550 | ||||||||||||
Effect of share based compensation plans | — | — | — | 140 | ||||||||||||
Diluted | 100,778 | 89,429 | 96,893 | 89,690 | ||||||||||||
Income (loss) per share | ||||||||||||||||
Basic | $ | (0.46 | ) | $ | (0.18 | ) | $ | (0.71 | ) | $ | 0.12 | |||||
Diluted | $ | (0.46 | ) | $ | (0.18 | ) | $ | (0.71 | ) | $ | 0.12 | |||||
Fair_Value_Measurements
Fair Value Measurements | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||
FAIR VALUE MEASUREMENTS | ' | |||||||||||||||
FAIR VALUE MEASUREMENTS | ||||||||||||||||
Accounting standards establish a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below: | ||||||||||||||||
Level 1 | Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; | |||||||||||||||
Level 2 | Quoted market prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and | |||||||||||||||
Level 3 | Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity). | |||||||||||||||
The following table sets forth the Company’s financial assets and liabilities measured at fair value on a recurring basis (at least annually) by level within the fair value hierarchy. As required by accounting guidance, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement (in thousands): | ||||||||||||||||
Fair Value at September 30, 2013 | ||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Marketable equity securities | $ | 17,616 | $ | 17,616 | $ | — | $ | — | ||||||||
Gold and silver put options | 160 | — | 160 | — | ||||||||||||
$ | 17,776 | $ | 17,616 | $ | 160 | $ | — | |||||||||
Liabilities: | ||||||||||||||||
Palmarejo royalty obligation embedded derivative | $ | 61,996 | $ | — | $ | 61,996 | $ | — | ||||||||
Rochester NSR royalty obligation | 24,409 | — | — | 24,409 | ||||||||||||
Other derivative instruments, net | 2,069 | — | 2,069 | — | ||||||||||||
$ | 88,474 | $ | — | $ | 64,065 | $ | 24,409 | |||||||||
Fair Value at December 31, 2012 | ||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Short term investments | $ | 999 | $ | 999 | $ | — | $ | — | ||||||||
Marketable equity securities | 27,065 | 27,065 | — | — | ||||||||||||
Other derivative instruments, net | 943 | — | 943 | — | ||||||||||||
$ | 29,007 | $ | 28,064 | $ | 943 | $ | — | |||||||||
Liabilities: | ||||||||||||||||
Palmarejo royalty obligation embedded derivative | $ | 145,098 | $ | — | $ | 145,098 | $ | — | ||||||||
Put and call options | 9,299 | — | 9,299 | — | ||||||||||||
$ | 154,397 | $ | — | $ | 154,397 | $ | — | |||||||||
The Company’s short-term investments are readily convertible to cash and, therefore, these investments are classified within Level 1 of the fair value hierarchy. | ||||||||||||||||
The Company’s marketable equity securities are recorded at fair market value in the financial statements based on quoted market prices, which are accessible at the measurement date for identical assets. Such instruments are classified within Level 1 of the fair value hierarchy. | ||||||||||||||||
The Company’s gold put and call options, Palmarejo royalty obligation embedded derivative, and other derivative instruments, net, which relate to the concentrate sales contracts and foreign exchange contracts, are valued using pricing models, which require inputs that are derived from observable market data, including contractual terms, forward market prices, yield curves and credit spreads. The model inputs can generally be verified and do not involve significant management judgment. Such instruments are classified within Level 2 of the fair value hierarchy. | ||||||||||||||||
The estimated fair value of the Rochester NSR royalty obligation was estimated based on observable market data including contractual terms, forward silver and gold prices, yield curves and credit spreads. The Company’s current mine plan is a significant input used in the estimated fair value of the Rochester NSR royalty obligation and is considered company specific and unobservable. Therefore, the Company has classified the Rochester NSR royalty obligation as a Level 3 financial liability. Based on the current mine plan, an expected royalty duration of 4.68 years was used to estimate the fair value of the Rochester NSR royalty obligation as of September 30, 2013. The Company had no Level 3 financial assets and liabilities as of December 31, 2012. | ||||||||||||||||
Financial assets and liabilities that are not measured at fair value at September 30, 2013 and December 31, 2012 are set forth below (in thousands): | ||||||||||||||||
Fair Value at September 30, 2013 | ||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Liabilities: | ||||||||||||||||
3.25% Convertible Senior Notes due 2028 | $ | 5,131 | $ | 5,131 | $ | — | $ | — | ||||||||
7.875% Senior Notes due 2021 | $ | 304,314 | $ | 304,314 | $ | — | $ | — | ||||||||
Palmarejo Gold Production Royalty Obligation | $ | 70,795 | $ | — | $ | 70,795 | $ | — | ||||||||
Fair Value at December 31, 2012 | ||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Liabilities: | ||||||||||||||||
3.25% Convertible Senior Notes due 2028 | $ | 48,220 | $ | 48,220 | $ | — | $ | — | ||||||||
Palmarejo Gold Production Royalty Obligation | $ | 90,617 | $ | — | $ | 90,617 | $ | — | ||||||||
Investment_in_Marketable_Secur
Investment in Marketable Securities | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | |||||||||||||||
INVESTMENTS | ' | |||||||||||||||
INVESTMENTS | ||||||||||||||||
The Company invests in marketable equity securities of silver and gold exploration and development companies. These investments are classified as available-for-sale and are measured at fair market value in the financial statements with unrealized gains or losses recorded in other comprehensive income. | ||||||||||||||||
The Company’s investments in marketable securities as of September 30, 2013 and December 31, 2012 (in thousands): | ||||||||||||||||
Investments in marketable securities | ||||||||||||||||
Adjusted | Gross | Gross | Estimated | |||||||||||||
Cost | Unrealized | Unrealized | Fair Value | |||||||||||||
Losses | Gains | |||||||||||||||
Marketable securities at September 30, 2013 | $ | 17,860 | $ | (987 | ) | $ | 743 | $ | 17,616 | |||||||
Marketable securities at December 31, 2012 | $ | 34,786 | $ | (10,443 | ) | $ | 2,722 | $ | 27,065 | |||||||
In the three months ended September 30, 2013 and 2012, the Company recognized an unrealized gain of $0.3 million and $6.0 million, respectively, in other comprehensive income (loss). In the nine months ended September 30, 2013, and 2012, the Company recognized an unrealized loss of $10.8 million and an unrealized gain of $0.8 million, respectively. The Company performs a quarterly assessment on each of its marketable securities with unrealized losses to determine if the security is other than temporarily impaired. The Company's management team uses industry knowledge and expertise to evaluate each investment and determined that unrealized losses on certain investments are not other than temporary. In the three and nine months ended September 30, 2013 other than temporary impairment charges of $0.9 million and $18.1 million, respectively, were recorded. | ||||||||||||||||
The Company had $1.0 million of short-term investments at December 31, 2012. These investments were held with various banks and had maturity dates of less than one year. There were no short term investments at September 30, 2013. |
Receivables
Receivables | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Receivables [Abstract] | ' | |||||||
RECEIVABLES | ' | |||||||
RECEIVABLES | ||||||||
Receivables consist of the following (in thousands): | ||||||||
September 30, 2013 | December 31, 2012 | |||||||
Receivables - current | ||||||||
Accounts receivable - trade | $ | 16,295 | $ | 8,701 | ||||
Refundable income tax | 8,330 | 9,331 | ||||||
Refundable value added tax | 46,242 | 40,020 | ||||||
Accounts receivable - other | 3,550 | 4,386 | ||||||
$ | 74,417 | $ | 62,438 | |||||
Receivables - non-current | ||||||||
Refundable value added tax | $ | 37,191 | $ | 48,767 | ||||
Trade receivables and other receivable balances are reported at outstanding principal amounts, net of an allowance for doubtful accounts. Management evaluates the collectability of receivable account balances to determine the allowance, if any. There were no allowances against receivable balances at September 30, 2013 or December 31, 2012. |
Metal_and_Other_Inventories
Metal and Other Inventories | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Inventory Disclosure [Abstract] | ' | |||||||
METAL AND OTHER INVENTORIES | ' | |||||||
METAL AND OTHER INVENTORY | ||||||||
Metal and other inventory consist of the following (in thousands): | ||||||||
September 30, 2013 | December 31, 2012 | |||||||
Concentrate and doré inventory | $ | 57,519 | $ | 91,130 | ||||
Supplies | 66,018 | 79,540 | ||||||
Metal and other inventory | $ | 123,537 | $ | 170,670 | ||||
Acquisition_of_Orko_Silver_Cor
Acquisition of Orko Silver Corporation/La Preciosa Mineral Interests (Notes) | 9 Months Ended | |||
Sep. 30, 2013 | ||||
Business Combinations [Abstract] | ' | |||
ACQUISITION OF ORKO SILVER CORPORATION/LA PRECIOSA MINERAL INTERESTS | ' | |||
ACQUISITION OF ORKO SILVER CORPORATION/LA PRECIOSA MINERAL INTERESTS | ||||
On April 16, 2013, the Company completed its acquisition of Orko Silver Corporation (“Orko”). Upon completion of the acquisition, the Company holds the La Preciosa silver-gold project in the state of Durango, Mexico. The transaction was accounted for as a purchase of mineral interests since La Preciosa is a development stage project. | ||||
Total consideration paid for the asset acquisition (in thousands): | ||||
Common shares issued (11,572,918 at $14.98) | $ | 173,363 | ||
Cash | 99,059 | |||
Warrants (1,588,768 valued at $3.64 per warrant) | 5,777 | |||
Transaction advisory fees and other acquisition costs | 17,642 | |||
Total purchase price | 295,841 | |||
Current liabilities | 2,616 | |||
Deferred income taxes | 114,339 | |||
Total liabilities assumed | 116,955 | |||
Total consideration | $ | 412,796 | ||
Estimated fair value of the assets acquired (in thousands): | ||||
Cash | $ | 3,487 | ||
Other current assets | 635 | |||
Mineral interests | 408,352 | |||
Other assets | 322 | |||
Total assets acquired | $ | 412,796 | ||
Property_Plant_and_Equipment
Property, Plant and Equipment | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Property, Plant and Equipment [Abstract] | ' | |||||||
PROPERTY, PLANT AND EQUIPMENT | ' | |||||||
PROPERTY, PLANT AND EQUIPMENT | ||||||||
Property, plant and equipment consist of the following (in thousands): | ||||||||
September 30, 2013 | December 31, 2012 | |||||||
Land | $ | 1,764 | $ | 2,152 | ||||
Buildings and improvements | 596,655 | 581,286 | ||||||
Machinery and equipment | 390,069 | 360,199 | ||||||
Capitalized leases for machinery, equipment, buildings, and land | 22,444 | 35,129 | ||||||
1,010,932 | 978,766 | |||||||
Accumulated depreciation and amortization | (373,931 | ) | (313,067 | ) | ||||
637,001 | 665,699 | |||||||
Construction in progress | 12,590 | 18,303 | ||||||
$ | 649,591 | $ | 684,002 | |||||
Mining_Properties
Mining Properties | 9 Months Ended | |||||||||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||||||||
Mining Properties [Abstract] | ' | |||||||||||||||||||||||||||||||
MINING PROPERTIES | ' | |||||||||||||||||||||||||||||||
MINING PROPERTIES | ||||||||||||||||||||||||||||||||
Mining properties consist of the following (in thousands): | ||||||||||||||||||||||||||||||||
September 30, 2013 | Palmarejo | San | Kensington | Rochester | Endeavor | La Preciosa | Joaquin | Total | ||||||||||||||||||||||||
Bartolomé | ||||||||||||||||||||||||||||||||
Mining properties | $ | 170,789 | $ | 70,371 | $ | 345,447 | $ | 148,626 | $ | — | $ | — | $ | — | $ | 735,233 | ||||||||||||||||
Accumulated depletion | (101,687 | ) | (21,270 | ) | (68,909 | ) | (102,105 | ) | — | — | — | (293,971 | ) | |||||||||||||||||||
69,102 | 49,101 | 276,538 | 46,521 | — | — | — | 441,262 | |||||||||||||||||||||||||
Mineral interests | 1,660,580 | 26,643 | — | — | 44,033 | 408,352 | 93,429 | 2,233,037 | ||||||||||||||||||||||||
Accumulated depletion | (282,339 | ) | (8,398 | ) | — | — | (17,563 | ) | — | — | (308,300 | ) | ||||||||||||||||||||
1,378,241 | 18,245 | — | — | 26,470 | 408,352 | 93,429 | 1,924,737 | |||||||||||||||||||||||||
Total mining properties | $ | 1,447,343 | $ | 67,346 | $ | 276,538 | $ | 46,521 | $ | 26,470 | $ | 408,352 | $ | 93,429 | $ | 2,365,999 | ||||||||||||||||
31-Dec-12 | Palmarejo | San | Kensington | Rochester | Endeavor | Joaquin | Total | |||||||||||||||||||||||||
Bartolomé | ||||||||||||||||||||||||||||||||
Mining properties | $ | 155,722 | $ | 70,322 | $ | 333,619 | $ | 114,973 | $ | — | $ | — | $ | 674,636 | ||||||||||||||||||
Accumulated depletion | (82,037 | ) | (18,439 | ) | (46,649 | ) | (100,437 | ) | — | — | (247,562 | ) | ||||||||||||||||||||
73,685 | 51,883 | 286,970 | 14,536 | — | — | 427,074 | ||||||||||||||||||||||||||
Mineral interests | 1,658,389 | 26,642 | — | — | 44,033 | 93,429 | 1,822,493 | |||||||||||||||||||||||||
Accumulated depletion | (235,795 | ) | (7,338 | ) | — | — | (14,625 | ) | — | (257,758 | ) | |||||||||||||||||||||
1,422,594 | 19,304 | — | — | 29,408 | 93,429 | 1,564,735 | ||||||||||||||||||||||||||
Total mining properties | $ | 1,496,279 | $ | 71,187 | $ | 286,970 | $ | 14,536 | $ | 29,408 | $ | 93,429 | $ | 1,991,809 | ||||||||||||||||||
Operational Mining Properties | ||||||||||||||||||||||||||||||||
Palmarejo Mine: Palmarejo is located in the State of Chihuahua in northern Mexico, and its principal silver and gold properties are collectively referred to as the “Palmarejo mine.” The Palmarejo mine commenced production in April 2009. | ||||||||||||||||||||||||||||||||
San Bartolomé Mine: The San Bartolomé mine is a silver mine located near the city of Potosi, Bolivia. The mineral rights for the San Bartolomé project are held through long-term joint venture/lease agreements with several local independent mining co-operatives and the Bolivian state owned mining organization, (“COMIBOL”). The Company commenced commercial production at San Bartolomé in June 2008. | ||||||||||||||||||||||||||||||||
Kensington Mine: The Kensington mine is an underground gold mine and consists of the Kensington and adjacent Jualin properties located on the east side of the Lynn Canal about 45 miles north-northwest of Juneau, Alaska. The Company commenced commercial production in July of 2010. | ||||||||||||||||||||||||||||||||
Rochester Mine: The Company has conducted operations at the Rochester mine, located in Western Nevada, since September 1986. The mine utilizes the heap-leaching process to extract both silver and gold from ore mined using open pit methods. Rochester’s primary product is silver with gold produced as a by-product. | ||||||||||||||||||||||||||||||||
Mineral Interests | ||||||||||||||||||||||||||||||||
Endeavor Mine: In May 2005, CDE Australia Pty Ltd ("CDE Australia"), a wholly-owned subsidiary of the Company, acquired the silver production and reserves, up to a maximum 17.7 million payable ounces, contained at the Endeavor mine in Australia, which is owned and operated by Cobar Operations Pty. Limited, a wholly-owned subsidiary of CBH Resources Ltd. In March 2006, CDE Australia entered into an amended agreement under which it owns all silver production and reserves up to a total of 20.0 million payable ounces. | ||||||||||||||||||||||||||||||||
CDE Australia began realizing reductions in revenues in the fourth quarter of 2008 as a result of a silver price sharing provision that was part of the purchase agreement. CDE Australia has received approximately 4.7 million payable ounces to date and the current ore reserve contains approximately 4.0 million payable ounces based on current metallurgical recovery and current smelter contract terms. | ||||||||||||||||||||||||||||||||
La Preciosa Project: On April 16, 2013, the Company completed its acquisition of Orko Silver Corporation (“Orko”), which holds the La Preciosa silver-gold project in Durango, Mexico. | ||||||||||||||||||||||||||||||||
Joaquin Project: The Joaquin project is located in the Santa Cruz province of southern Argentina. The Company commenced exploration of this large property located north of the Company's Martha silver mine in November 2007 and acquired 100% in December 2012. Since that time, the Company has defined silver and gold mineralization in two deposits at Joaquin, La Negra and La Morocha, collectively referred to as the "Joaquin Project." The company continues to explore and develop the project. |
Debt_and_Capital_Lease_Obligat
Debt and Capital Lease Obligations | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Debt Disclosure [Abstract] | ' | |||||||||||||||
DEBT AND CAPITAL LEASE OBLIGATIONS | ' | |||||||||||||||
DEBT AND CAPITAL LEASE OBLIGATIONS | ||||||||||||||||
The current and non-current portions of long-term debt and capital lease obligations as of September 30, 2013 and December 31, 2012 are as follows (in thousands): | ||||||||||||||||
September 30, | December 31, | |||||||||||||||
2013 | 2012 | |||||||||||||||
Current | Non-Current | Current | Non-Current | |||||||||||||
3.25% Convertible Senior Notes due 2028 | $ | — | $ | 5,334 | $ | 48,081 | $ | — | ||||||||
7.875% Senior Notes due 2021 | — | 300,000 | — | — | ||||||||||||
Capital lease obligations | 3,868 | 1,038 | 7,902 | 3,460 | ||||||||||||
$ | 3,868 | $ | 306,372 | $ | 55,983 | $ | 3,460 | |||||||||
3.25% Convertible Senior Notes due 2028 | ||||||||||||||||
Per the indenture governing the 3.25% Convertible Senior Notes due 2028 (the “Convertible Notes”), the Company announced on February 13, 2013 that it was offering to repurchase all of its outstanding 3.25% Convertible Senior Notes due 2028. As of February 12, 2013, there was $48.7 million aggregate principal amount of Convertible Notes outstanding. The Company repurchased $43.3 million in aggregate principal amount, leaving a balance of $5.3 million at September 30, 2013. | ||||||||||||||||
7.875% Senior Notes due 2021 | ||||||||||||||||
On January 29, 2013, the Company completed an offering of $300 million in aggregate principal amount of 7.875% Senior Notes due 2021 (the “Notes”) in a private placement conducted pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). The Company commenced an exchange offer for the Notes on September 30, 2013 to exchange the Notes for freely transferable notes containing substantially similar terms, in accordance with the registration rights granted to the holders of the Notes when they were issued. The exchange offer was consummated on November 5, 2013. As of September 30, 2013, the outstanding balance of the Notes was $300 million. | ||||||||||||||||
Revolving Credit Facility | ||||||||||||||||
On August 1, 2012, Coeur Alaska, Inc. and Coeur Rochester, Inc. (the “Borrowers”), each a wholly-owned subsidiary of the Company, entered into a new Credit Agreement (the “Credit Agreement”) by and among the Company, the Borrowers, the lenders party thereto and Wells Fargo Bank, N.A., as administrative agent. The Credit Agreement provides for a senior secured revolving credit facility (the “Revolving Credit Facility”) in an aggregate principal amount of up to $100.0 million, which principal amount may be increased, subject to receiving additional commitments therefor among other items, by up to $50.0 million. There is a commitment fee on the unused portion of the line which varies between 0.5% and 0.75% depending on the prior quarter's consolidated total leverage ratio, as defined in the Credit Agreement. The unused line fee for the three and nine months ended September 30, 2013 was $0.2 million and $0.4 million, respectively and was charged to interest expense. | ||||||||||||||||
As of September 30, 2013, no amounts were outstanding under the Revolving Credit Facility. | ||||||||||||||||
Interest Expense | ||||||||||||||||
Interest expense is made up of the following (in thousands): | ||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
3.25% Convertible Senior Notes due 2028 | $ | 43 | $ | 395 | $ | 423 | $ | 1,186 | ||||||||
7.875% Senior Notes due 2021 | 5,906 | — | 15,947 | — | ||||||||||||
Revolving Credit Facility | 176 | 85 | 434 | 85 | ||||||||||||
Kensington Term Facility (terminated in 2012) | — | 459 | — | 2,339 | ||||||||||||
Capital lease obligations | 89 | 219 | 355 | 827 | ||||||||||||
Other debt obligations | 18 | 351 | 287 | 583 | ||||||||||||
Accretion of Palmarejo gold production royalty obligation | 4,023 | 4,384 | 12,192 | 15,047 | ||||||||||||
Amortization of debt issuance costs | 540 | 1,331 | 1,604 | 1,838 | ||||||||||||
Accretion of debt discount | — | 639 | 576 | 1,879 | ||||||||||||
Capitalized interest | (1,133 | ) | (512 | ) | (1,494 | ) | (2,206 | ) | ||||||||
Total interest expense, net of capitalized interest | $ | 9,662 | $ | 7,351 | $ | 30,324 | $ | 21,578 | ||||||||
Reclamation_and_Mine_Closure
Reclamation and Mine Closure | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Asset Retirement Obligation Disclosure [Abstract] | ' | |||||||||||||||
RECLAMATION AND MINE CLOSURE | ' | |||||||||||||||
RECLAMATION AND MINE CLOSURE | ||||||||||||||||
Reclamation and mine closure costs are based principally on legal and regulatory requirements. Management estimates costs associated with reclamation of mining properties as well as remediation costs for inactive properties. The Company uses assumptions about future costs, mineral prices, mineral processing recovery rates, production levels, capital costs and reclamation costs. Such assumptions are based on the Company’s current mining plan and the best available information for making such estimates. The sum of the expected costs by year is discounted, using the Company's credit adjusted risk free interest rate. On an ongoing basis, management evaluates its estimates and assumptions; however, actual amounts could differ from those based on such estimates and assumptions. | ||||||||||||||||
Changes to the Company’s asset retirement obligations for active mining sites are as follows (in thousands): | ||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
Asset retirement obligation - beginning | $ | 35,578 | $ | 34,510 | $ | 34,456 | $ | 32,714 | ||||||||
Accretion | 777 | 714 | 2,277 | 2,180 | ||||||||||||
Addition and changes in estimates | 19,542 | — | 19,542 | 335 | ||||||||||||
Settlements | (124 | ) | (13 | ) | (502 | ) | (18 | ) | ||||||||
Asset retirement obligation - ending | $ | 55,773 | $ | 35,211 | $ | 55,773 | $ | 35,211 | ||||||||
In addition, the Company has accrued $0.6 million and $0.9 million as of September 30, 2013 and December 31, 2012, respectively, for reclamation liabilities related to former mining activities. These amounts are also included in reclamation and mine closure liabilities. In the three months ended September 30, 2013, the Company increased its estimate of the reclamation obligations by $16.8 million at Rochester and $2.7 million at Kensington. |
Income_Taxes
Income Taxes | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||||||||
INCOME TAXES | ' | |||||||||||||||
INCOME TAXES | ||||||||||||||||
The following table summarizes the components of the Company’s income tax provision for the three and nine months ended September 30, 2013 and 2012 (in thousands): | ||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
United States | $ | 5,182 | $ | (465 | ) | $ | 1,905 | $ | (3,990 | ) | ||||||
Mexico | 1,886 | 5,409 | (17,585 | ) | (10,341 | ) | ||||||||||
Bolivia | (4,598 | ) | (23,106 | ) | (13,482 | ) | (41,684 | ) | ||||||||
Other jurisdictions | (489 | ) | 687 | (2,511 | ) | (758 | ) | |||||||||
Income tax provision from continuing operations | $ | 1,981 | $ | (17,475 | ) | $ | (31,673 | ) | $ | (56,773 | ) | |||||
The income tax provision for the three and nine months ended September 30, 2013 varies from the statutory rate primarily because of differences in tax rates for the Company's foreign operations and changes in valuation allowances for net deferred tax assets, permanent differences and foreign exchange rate differences. | ||||||||||||||||
The Company has U.S. net operating loss carryforwards which expire in 2017 through 2031. Net operating losses in foreign countries have an indefinite carryforward period, except in Mexico where net operating loss carryforwards are limited to ten years. |
ShareBased_Compensation_Plans
Share-Based Compensation Plans | 9 Months Ended | |||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||||||||||||||
SHARE-BASED COMPENSATION PLANS | ' | |||||||||||||||||||||
SHARE-BASED COMPENSATION PLANS | ||||||||||||||||||||||
Compensation expense recognized in the Company’s consolidated financial statements for the three months ended September 30, 2013 and 2012 for share based compensation awards was $0.2 million and $3.4 million, respectively. Compensation expense recognized for the nine months ended September 30, 2013 and 2012 for share based compensation awards was $2.3 million and $6.1 million, respectively. Stock appreciation rights (SARs) outstanding under the plan are liability-based awards and are required to be re-measured at the end of each reporting period with corresponding adjustments to previously recognized and future stock-based compensation expense. At September 30, 2013, there was $7.4 million of total unrecognized compensation cost (net of estimated forfeitures) to be recognized over a weighted-average period of 1.7 years. | ||||||||||||||||||||||
The following table summarizes the new grants issued during the nine months ended September 30, 2013: | ||||||||||||||||||||||
Grant date | Restricted | Grant date fair | Stock options | Grant date | Performance | Grant date fair | ||||||||||||||||
stock | value of | fair value of | shares | value of | ||||||||||||||||||
restricted stock | stock | performance | ||||||||||||||||||||
options | shares | |||||||||||||||||||||
January 2, 2013 | 1,805 | $ | 25.2 | — | $ | — | — | $ | — | |||||||||||||
January 22, 2013 | 47,994 | $ | 23.9 | 77,715 | $ | 14.77 | 95,991 | $ | 27.41 | |||||||||||||
February 4, 2013 | 18,668 | $ | 22.63 | 17,692 | $ | 14 | 21,828 | $ | 25.96 | |||||||||||||
April 1, 2013 | 157,142 | $ | 18.51 | 73,290 | $ | 11.39 | 28,662 | $ | 21.23 | |||||||||||||
May 21, 2013 | 111,193 | $ | 13.66 | — | $ | — | — | $ | — | |||||||||||||
July 1, 2013 | 69,774 | $ | 12.72 | 16,157 | $ | 7.93 | 20,451 | $ | 14.59 | |||||||||||||
The following options and stock appreciation rights were exercised during the nine months ended September 30, 2013: | ||||||||||||||||||||||
Award Type | Number of | Weighted Average | Number of Exercisable Units | Weighted Average | ||||||||||||||||||
Exercised Units | Exercised Price | Exercisable Price | ||||||||||||||||||||
Options | 926 | $ | 20.8 | 252,713 | $ | 33.07 | ||||||||||||||||
Stock Appreciation Rights | 3,846 | $ | 15.4 | 65,019 | $ | 14.21 | ||||||||||||||||
The following shows the weighted average fair value of SARs outstanding at September 30, 2013: | ||||||||||||||||||||||
SARs | ||||||||||||||||||||||
Weighted average fair value | $ | 3.09 | ||||||||||||||||||||
Defined_Contribution_and_401k
Defined Contribution and 401(k) | 9 Months Ended |
Sep. 30, 2013 | |
Postemployment Benefits [Abstract] | ' |
DEFINED CONTRIBUTION AND 401(k) PLAN | ' |
DEFINED CONTRIBUTION AND 401(k) PLAN | |
Defined Contribution and 401(k) Plan | |
The Company maintains a retirement savings plan (which qualifies under Section 401(k) of the U.S. Internal Revenue Code) covering all eligible U.S. employees. Under the plan, employees may elect to contribute up to 75% of base salary, subject to ERISA limitations. The Company adopted a Safe Harbor Tiered Match and is required to make matching contributions equal to 100% of the employee’s contribution up to 3% of the employee’s compensation plus matching contributions equal to 50% of the employee’s contribution up to an additional 2% of the employee’s compensation. In addition, the Company provides a noncontributory defined contribution based on a percentage of eligible employee's salary. Total plan expenses recognized in the Company’s consolidated financial statements for the three months ended September 30, 2013 and 2012 were $1.1 million and $1.0 million, respectively. Total plan expenses recognized in the Company’s consolidated financial statements for the nine months ended September 30, 2013 and 2012 were $3.2 million and $3.1 million, respectively. |
Derivative_Financial_Instrumen
Derivative Financial Instruments and Fair Value of Financial Instruments | 9 Months Ended | |||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||||||||||||||
DERIVATIVE FINANCIAL INSTRUMENTS AND FAIR VALUE OF FINANCIAL INSTRUMENTS | ' | |||||||||||||||||||
DERIVATIVE FINANCIAL INSTRUMENTS | ||||||||||||||||||||
Palmarejo Gold Production Royalty | ||||||||||||||||||||
On January 21, 2009, the Company entered into a gold production royalty transaction with Franco-Nevada Corporation. The royalty covers 50% of the life of mine production from the Palmarejo mine and adjacent properties. The royalty transaction included a minimum obligation of 4,167 ounces per month that ends when payments have been made on a total of 400,000 ounces of gold. As of September 30, 2013, a total of 156,493 ounces of gold remain outstanding under the minimum royalty obligation. | ||||||||||||||||||||
The price volatility associated with the minimum royalty obligation is considered an embedded derivative financial instrument under U.S. GAAP. As such, the Company is required to recognize the change in fair value of the remaining minimum obligation due to the changing gold prices. Unrealized gains are recognized in periods when the forward gold price has decreased from the previous period and unrealized losses are recognized in periods when the forward gold price increases. The fair value of the embedded derivative is reflected net of the Company's current credit adjusted risk free rate, which was 6.3% and 4.2% at September 30, 2013 and December 31, 2012, respectively. The fair value of the embedded derivative at September 30, 2013 and December 31, 2012, based on forward gold prices averaging approximately $1,337 and $1,694 per ounce, respectively, was a liability of $62.0 million and $145.1 million, respectively. During the three months ended September 30, 2013 and 2012, mark-to-market adjustments for this embedded derivative amounted to a loss of $9.6 million and $23.4 million, respectively. During the nine months ended September 30, 2013 and 2012, mark-to-market adjustments for this embedded derivative amounted to a gain of $83.1 million and a loss of $10.9 million, respectively. | ||||||||||||||||||||
Payments on the royalty obligation occur monthly resulting in a decrease to the carrying amount of the minimum obligation and the derivative liability and the recognition of realized gains or losses as a result of changing prices for gold. Each monthly payment is an amount equal to the greater of the minimum of 4,167 ounces of gold or 50% of the actual gold production per month multiplied by the excess of the monthly average market price of gold above $400 per ounce (which $400 floor is subject to a 1% annual inflation compounding adjustment beginning on January 21, 2013). For the three months ended September 30, 2013 and 2012, realized losses on settlement of the liabilities were $5.6 million and $10.9 million, respectively. For the nine months ended September 30, 2013 and 2012, realized losses on settlement of the liabilities were $22.9 million and $35.0 million, respectively. The mark-to-market adjustments and realized losses are included in fair value adjustments, net in the consolidated statement of operations. | ||||||||||||||||||||
Foreign Exchange Contracts and Hedges | ||||||||||||||||||||
The Company periodically enters into foreign exchange contracts and hedges to reduce the foreign exchange risk associated with forecasted Mexican peso (“MXN”) operating costs at its Palmarejo mine. At September 30, 2013, the Company had MXN foreign exchange contracts of $24.0 million in U.S. dollars. These contracts require the Company to exchange U.S. dollars for MXN at a weighted average exchange rate of 12.55 MXN to each U.S. dollar over the next six months. At December 31, 2012, the Company had MXP foreign exchange contracts of $26.1 million in U.S. dollars. These contracts required the Company to exchange U.S. dollars for MXN at a weighted average exchange rate of 13.11 MXN to each U.S. dollar and the Company had a liability with a fair value of $0.1 million at December 31, 2012. In addition, at September 30, 2013, the Company had outstanding call options requiring it to sell $24.0 million in U.S. dollars in exchange for MXP at a weighted average strike price of 15.06 MXP to each U.S. dollar if the foreign exchange rate exceeds the strike price. Further, at September 30, 2013, the Company had outstanding put options allowing it to buy $24.0 million in U.S. dollars in exchange for MXP at a weighted average strike price of 12.50 MXP to each U.S. dollar if the foreign exchange rate exceeds the strike price. The Company had a liability with a fair value of $1.3 million at September 30, 2013. The Company recorded a mark-to-market gain on these contracts of $0.1 million and a mark-to-market loss of $1.4 million for the three and nine months ended September 30, 2013, respectively. The Company recorded mark-to-market gains on these contracts of $0.6 million and $3.4 million for the three and nine months ended September 30, 2012, respectively. These mark-to-market adjustments are reflected in fair value adjustments, net in the consolidated statement of operations. The Company recorded a realized loss of $0.1 million and a realized gain of $0.7 million in production costs applicable to sales during the three and nine months ended September 30, 2013, respectively. The Company recorded realized gains of $0.4 million and realized losses of $1.5 million in the three and nine months ended September 30, 2012, respectively, which have been recognized in production costs applicable to sales. | ||||||||||||||||||||
Concentrate Sales Contracts | ||||||||||||||||||||
The Company enters into concentrate sales contracts with third-party smelters. The contracts, in general, provide for a provisional payment based upon provisional assays and quoted metal prices. The provisionally priced sales contain an embedded derivative that is required to be separated from the host contract for accounting purposes. The host contract is the receivable from the sale of concentrates at the forward price at the time of sale. The embedded derivative, which is the final settlement price based on a future price, does not qualify for hedge accounting. These embedded derivatives are recorded as derivative assets (in Prepaid expenses and other) or derivative liabilities (in Accrued liabilities and other) on the balance sheet and are adjusted to fair value through earnings each period until the date of final settlement. At September 30, 2013, the Company had outstanding provisionally priced sales of $32.4 million, consisting of 0.1 million ounces of silver and 26,265 ounces of gold, which had a fair value of $31.7 million including the embedded derivative. At December 31, 2012, the Company had outstanding provisionally priced sales of $33.2 million consisting of 0.4 million ounces of silver and 11,957 ounces of gold, which had a fair value of approximately $34.1 million including the embedded derivative. | ||||||||||||||||||||
Commodity Derivatives | ||||||||||||||||||||
At September 30, 2013, the Company had outstanding put options that expire December 31, 2013, allowing it to sell 1.3 million ounces of silver and 25,000 ounces of gold at a strike price of $17.00 per ounce and $1,200 per ounce, respectively, if the market price of silver and gold were to fall below the strike price. The fair market value of these contracts was a net asset of $0.2 million. During the three months ended September 30, 2013, the Company recorded unrealized losses on the contracts of $0.4 million. | ||||||||||||||||||||
At December 31, 2012, the Company had outstanding call options requiring it to deliver 97,000 ounces of gold at a weighted average strike price of $1,967.89 per ounce if the market price of gold exceeds the strike price. At December 31, 2012, the Company had outstanding put options allowing it to sell 122,000 ounces of gold at a weighted average strike price of $967.86 per ounce if the market price of gold were to fall below the strike price. The fair market value of these contracts at December 31, 2012 was a net liability of $9.3 million. During the nine months ended September 30, 2013, 25,000 ounces of gold put options expired at a weighted average strike price of $921.60 per ounce and 12,500 ounces of gold call options expired at a weighted average strike price of $2,000, resulting in a realized loss of $1.1 million. During the three months ended September 30, 2013 and 2012, the Company settled the remaining 97,000 ounces of gold put options and 84,500 ounces of gold call options for a net realized gain of $0.4 million. During the three months ended September 30, 2013 and 2012, the Company recorded unrealized losses of $2.4 million and $3.6 million, respectively, related to the outstanding options. During the nine months ended September 30, 2013 and 2012, the Company recorded unrealized gains of $9.3 million and $1.4 million, respectively, related to the outstanding options. The realized and unrealized gains and losses are included in fair value adjustments, net in the consolidated statement of operations. | ||||||||||||||||||||
As of September 30, 2013, the Company had the following derivative instruments that settle in each of the years indicated in the table (in thousands except average prices, ounces and notional data): | ||||||||||||||||||||
2013 | 2014 | 2015 | Thereafter | |||||||||||||||||
Palmarejo gold production royalty | $ | 8,633 | $ | 24,895 | $ | 24,691 | $ | 19,236 | ||||||||||||
Average gold price in excess of minimum contractual deduction | $ | 502 | $ | 498 | $ | 494 | $ | 490 | ||||||||||||
Notional ounces | 17,201 | 50,004 | 50,004 | 39,285 | ||||||||||||||||
Mexican peso forward purchase contracts | $ | 12,000 | $ | 12,000 | $ | — | $ | — | ||||||||||||
Average rate (MXP/$) | $ | 12.9 | $ | 12.2 | $ | — | $ | — | ||||||||||||
Mexican peso notional amount | 154,816 | 146,460 | — | — | ||||||||||||||||
Mexican peso put options purchased | $ | — | $ | 24,000 | $ | — | $ | — | ||||||||||||
Average strike price (MXP/$) | $ | — | $ | 12.5 | $ | — | $ | — | ||||||||||||
Mexico peso notional amount | — | 300,000 | — | — | ||||||||||||||||
Mexican peso call options sold | $ | — | $ | 24,000 | $ | — | $ | — | ||||||||||||
Average strike price (MXP/$) | $ | — | $ | 15.06 | $ | — | $ | — | ||||||||||||
Mexico peso notional amount | — | 361,500 | — | — | ||||||||||||||||
Silver concentrate sales agreements | $ | 2,326 | $ | — | $ | — | $ | — | ||||||||||||
Average silver price | $ | 22.82 | $ | — | $ | — | $ | — | ||||||||||||
Notional ounces | 101,908 | — | — | — | ||||||||||||||||
Gold concentrate sales agreements | $ | 30,123 | $ | — | $ | — | $ | — | ||||||||||||
Average gold price | $ | 1,147 | $ | — | $ | — | $ | — | ||||||||||||
Notional ounces | 26,265 | — | — | — | ||||||||||||||||
Gold put options purchased | $ | 382 | $ | — | $ | — | $ | — | ||||||||||||
Average gold strike price | $ | 1,200 | $ | — | $ | — | $ | — | ||||||||||||
Notional ounces | 25,000 | — | — | — | ||||||||||||||||
Silver put options purchased | $ | 186 | $ | — | $ | — | $ | — | ||||||||||||
Average silver strike price | $ | 17 | $ | — | $ | — | $ | — | ||||||||||||
Notional ounces | 1,250,000 | — | — | — | ||||||||||||||||
The following summarizes the classification of the fair value of the derivative instruments as of September 30, 2013 and December 31, 2012 (in thousands): | ||||||||||||||||||||
September 30, 2013 | ||||||||||||||||||||
Prepaid | Accrued | Current | Non-current | |||||||||||||||||
expenses and | liabilities and | portion of | portion of | |||||||||||||||||
other | other | royalty | royalty | |||||||||||||||||
obligation | obligation | |||||||||||||||||||
Foreign exchange contracts Peso | $ | 9 | $ | 1,355 | $ | — | $ | — | ||||||||||||
Palmarejo gold production royalty | — | — | 22,590 | 39,406 | ||||||||||||||||
Gold and silver put options | 160 | — | — | — | ||||||||||||||||
Concentrate sales contracts | 42 | 766 | — | — | ||||||||||||||||
$ | 211 | $ | 2,121 | $ | 22,590 | $ | 39,406 | |||||||||||||
December 31, 2012 | ||||||||||||||||||||
Prepaid | Accrued | Other long- | Current | Non-current | ||||||||||||||||
expenses and | liabilities and | term | portion of | portion of | ||||||||||||||||
other | other | Liabilities | royalty | royalty | ||||||||||||||||
obligation | obligation | |||||||||||||||||||
Foreign exchange contracts Peso | $ | 376 | $ | 300 | $ | — | $ | — | $ | — | ||||||||||
Palmarejo gold production royalty | — | — | — | 41,146 | 103,952 | |||||||||||||||
Put and call options, net | — | 2,025 | 7,274 | — | — | |||||||||||||||
Concentrate sales contracts | 1,030 | 163 | — | — | — | |||||||||||||||
$ | 1,406 | $ | 2,488 | $ | 7,274 | $ | 41,146 | $ | 103,952 | |||||||||||
The following represent mark-to-market gains (losses) on derivative instruments for the three and nine months ended September 30, 2013 and 2012 (in thousands): | ||||||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||||||
Financial statement line | Derivative | 2013 | 2012 | 2013 | 2012 | |||||||||||||||
Sales of metal | Concentrate sales contracts | $ | 718 | $ | 1,591 | $ | (2,037 | ) | $ | 2,050 | ||||||||||
Production costs applicable to sales | Forward foreign exchange contracts | (99 | ) | 394 | 732 | (1,540 | ) | |||||||||||||
Fair value adjustments, net | Foreign exchange contracts MXN Peso | 100 | 621 | (1,422 | ) | 3,394 | ||||||||||||||
Fair value adjustments, net | Silver ounces receivable | — | 280 | — | 302 | |||||||||||||||
Fair value adjustments, net | Palmarejo gold royalty | (15,279 | ) | (34,266 | ) | 60,216 | (45,771 | ) | ||||||||||||
Fair value adjustments, net | Put and call options | (3,104 | ) | (4,283 | ) | 7,474 | (2,647 | ) | ||||||||||||
$ | (17,664 | ) | $ | (35,663 | ) | $ | 64,963 | $ | (44,212 | ) | ||||||||||
Credit Risk | ||||||||||||||||||||
The credit risk exposure related to any potential derivative instruments is limited to the unrealized gains, if any, on outstanding contracts based on current market prices. To reduce counter-party credit exposure, the Company deals with financial institutions management deems credit worthy and limits credit exposure to each. The Company does not anticipate non-performance by any of its counterparties. In addition, to allow for situations where positions may need to be revised, the Company deals only in markets that management considers highly liquid. |
Commitments_and_Contingencies
Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2013 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
COMMITMENTS AND CONTINGENCIES | ' |
COMMITMENTS AND CONTINGENCIES | |
Sites Related to Callahan Mining Corporation | |
In 1991, the Company acquired all of the outstanding common stock of Callahan Mining Corporation. Since then, the Company has received requests for information or notices of potential liability from state or federal agencies with regard to Callahan's operations at sites in Idaho, Maine, Colorado and Washington. The Company did not make any decisions with respect to generation, transport or disposal of hazardous waste at these sites. Therefore, the Company believes that it is not liable for any potential cleanup costs either directly as an operator or indirectly as a parent. To date, none of these agencies have made any claims against the Company or Callahan for cleanup costs. The Company anticipates that further agency interaction may be possible with respect to three of these sites, discussed below. | |
Callahan operated a mine and mill in Brooksville, Maine from 1968 until 1972 and subsequently disposed of the property. In 2000, the U.S. Environmental Protection Agency, or EPA, made a formal request to the Company for information regarding the site. The site was placed on the National Priorities List on September 5, 2002, and the Maine Department of Transportation, a partial owner of the property, signed a consent order in 2005. In January 2009, the EPA and the State of Maine made additional formal requests to the Company for information relating to the site, to which the Company responded. The first phase of cleanup at the site began in April 2011. | |
The Van Stone Mine in Stevens County, Washington consists of several parcels and was mined from 1926 until 1993. Callahan sold its parcel in 1990. In February 2010, the State of Washington Department of Ecology notified Callahan Mining Corporation that it, among others, is a potentially liable person (PLP) under Washington law. Asarco LLC ("Asarco"), an affiliate of American Smelting and Refining Company, which developed the mill on the site in 1951, settled for $3.5 million. Another potentially liable person, Vaagen Brothers, signed a consent order which allows access to the site for a Remedial Investigation and Feasibility Study. Neither the Company nor Callahan Mining Corporation has received any further notices from the Washington Department of Ecology. On June 5, 2012, Asarco filed a lawsuit in the U.S. District Court for the Eastern District of Washington against five named defendants, including Callahan Mining Corporation, seeking contribution for the $3.5 million settlement. Callahan Mining Corporation filed a response and defense to the lawsuit on December 11, 2012 and does not believe it has any liability to Asarco. The Court has set a trial date for September 22, 2014. On January 23, 2013, the Court entered an Order dismissing one of the five named defendants from the lawsuit as a result of the parties reaching a settlement. | |
Callahan controlled the Akron Mine located in Gunnison County, Colorado under lease and option agreements with several owners from 1937-1960. In December 2003, the United States Forest Service (“USFS”) made a formal request for information to the Company for information regarding the site, to which the Company responded. In February 2007, the USFS made a formal request for information to Callahan for information regarding the site, to which Callahan responded. In April 2013, the USFS made a formal request for information to the Company regarding the site, to which the Company responded on June 10, 2013. | |
Bolivian Temporary Restriction on Mining above 4,400 Meters | |
On October 14, 2009, the Bolivian state-owned mining organization, COMIBOL, announced by resolution that it was temporarily suspending mining activities above the elevation of 4,400 meters above sea level while stability studies of Cerro Rico mountain are undertaken. The Company holds rights to mine above this elevation under valid contracts with COMIBOL as well as under authorized contracts with local mining cooperatives that hold their rights under contract themselves with COMIBOL. The Company temporarily adjusted its mine plan to confine mining activities to the ore deposits below 4,400 meters above sea level and timely notified COMIBOL of the need to lift the restriction. | |
The Cooperative Reserva Fiscal, with which the Company has one of those contracts, subsequently interpreted the COMIBOL resolution and determined that the Huacajchi deposit was not covered by such resolution. In March 2010, the Cooperative Reserva Fiscal notified COMIBOL that, based on its interpretation, it was resuming mining of high grade material above the 4,400 meter level in the Huacajchi deposit. In December 2011, the Cooperative Reserva Fiscal sent a similar notification to COMIBOL with respect to a further area above the 4,400 meter level known as Huacajchi Sur. Based on these notifications and on the absence of any objection from COMIBOL, the Company resumed mining operations at the San Bartolomé mine on the Huacajchi deposit and Huacajchi Sur. Mining in other areas above the 4,400 meter level continues to be suspended. | |
The partial suspension may reduce production until the Company is able to resume mining above 4,400 meters generally. It is uncertain at this time how long the suspension will remain in place. In addition, it is possible that COMIBOL may decide that the Company's operations at the Huacajchi deposit or Huacajchi Sur are subject to the COMIBOL resolution, which may force the Company to cease mining at such deposits. If COMIBOL objects to the Company mining at the Huacajchi deposit or Huacajchi Sur or if the other restrictions are not lifted, the Company may need to write down the carrying value of the asset. It is also uncertain if any new mining or investment policies or shifts in political attitude may affect mining in Bolivia. | |
Appeal of Plan of Operations Amendment at Rochester in Nevada | |
The Rochester property is the subject of an administrative appeal filed by Great Basin Resource Watch (“GBRW”) with the Interior Board of Land Appeals (“IBLA”). This appeal challenges the decision of the U.S. Bureau of Land Management (“BLM”) to approve a plan of operations amendment permitting resumed mining in the existing mine pit and construction of a new heap leach pad. GBRW asserts that the National Environmental Policy Act (“NEPA”) required an Environmental Impact Statement for the plan of operations amendment, as opposed to the Environmental Assessment (“EA”) that was prepared. GBRW further alleges that BLM violated the Federal Land Policy & Management Act (“FLPMA”) by failing to avoid unnecessary and undue degradation of public lands. Because GBRW did not seek a stay of BLM's decision, operations are proceeding as approved. Coeur was granted intervenor status in the appeal and is actively participating in its resolution. The BLM and Coeur assert that the EA complies with NEPA and that BLM complied with FLPMA by, among other things, requiring mitigation of any possible future effects on water quality. BLM filed a Supplemental Briefing on March 1, 2012 regarding additional analysis conducted by the BLM further supporting and strengthening BLM and Coeur's positions that the EA complies with NEPA. The Company cannot predict whether this will result in further briefing with the IBLA, when the IBLA will rule on the appeal or what impact, if any, an adverse ruling may have on Rochester's operations. | |
Settlement of Unpatented Mining Claims Dispute at Rochester in Nevada and 3.4% NSR Royalty | |
In 2011, Coeur Rochester, Inc. (“Coeur Rochester”) filed a lawsuit against Rye Patch Gold Corp and Rye Patch Gold US, Inc. seeking a declaratory judgment as to Coeur Rochester’s ownership of unpatented mining claims surrounding the Coeur Rochester operation. Rye Patch Gold US, Inc. filed a similar action asserting its interest in the claims. The dispute stemmed from competing asserted interests in the mining claims following Coeur Rochester’s inadvertent failure to pay annual mining claim maintenance fees. In the second quarter of 2013, Coeur Rochester settled all claims associated with the dispute and, in connection therewith, agreed to make a one-time $10.0 million cash payment and granted a 3.4% net smelter returns royalty to Rye Patch on production and sales from the Rochester mine, commencing in January 2014, up to 39.4 million silver equivalent ounces. The above settlement resulted in a $32.0 million charge in the second quarter of 2013. Payments on the royalty obligation will occur quarterly reducing the carrying amount of the royalty liability and changes in silver and gold prices will result in the recognition of mark-to-market gains or losses in Fair value adjustments, net in the consolidated statement of operations. | |
Mexican Import Tax | |
During the third quarter of 2013, the Company was notified by Mexican tax authorities of potential penalties arising from an alleged misuse of its import license in Mexico relating to imports of goods in 2008, 2009 and 2011. The Company has a validly-issued Mexican import license, and routinely contracts with third party importers in its ordinary course operating activities. The Mexican authorities claimed that the valid legal formation and existence of one such importer could not be confirmed. Accordingly, the authorities considered the certificates of origin on goods imported by that importer to be invalid, and determined that the origin of those imported goods could not be conclusively established, which resulted in the denial of preferential tariff treatment for all items imported by that third party importer on behalf of the Company and potential interest and penalties payable by the Company in connection therewith. The Company is currently negotiating with Mexican tax authorities to resolve the matter. During the three months ended September 30, 2013, the Company accrued $1.8 million for the potential settlement of these claims. | |
Kensington Production Royalty | |
On July 7, 1995, Coeur, through its wholly-owned subsidiary, Coeur Alaska, Inc., acquired the 50% ownership interest of Echo Bay Exploration Inc., or Echo Bay, giving Coeur 100% ownership of the Kensington property. Coeur Alaska is obligated to pay Echo Bay, a subsidiary of Kinross Gold Corporation, a scaled net smelter return royalty on 1.0 million ounces of future gold production after Coeur Alaska recoups the $32.5 million purchase price and its construction and development expenditures incurred after July 7, 1995 in connection with placing the property into commercial production. The royalty ranges from 1% at gold prices of $400 per ounce to a maximum of 2.5% at gold prices above $475 per ounce, with the royalty to be capped at 1.0 million ounces of production. No royalty has been paid to date. | |
Rochester Production Royalty | |
The Company acquired the Rochester property from ASARCO, a subsidiary of Grupo Mexico SA de CV, in 1983. The Company is obligated to pay a net smelter royalty interest to ASARCO when the market price of silver equals or exceeds $23.60 per ounce up to a maximum rate of 5%. Royalty expense was zero and $0.8 million, respectively for the three months ended September 30, 2013 and 2012, respectively. Royalty expense was $1.0 million and $2.0 million, respectively for the nine months ended September 30, 2013 and 2012, respectively. | |
Palmarejo Gold Production Royalty | |
On January 21, 2009, Coeur Mexicana entered into a gold production royalty transaction with Franco-Nevada Corporation under which Franco-Nevada purchased a royalty covering 50% of the life of mine gold to be produced from its Palmarejo silver and gold mine in Mexico. The royalty agreement provides for a minimum obligation to be paid monthly on a total of 400,000 ounces of gold, or 4,167 ounces per month over an initial eight-year period. As of September 30, 2013, a total of 156,493 ounces of gold remain outstanding under the minimum royalty obligation. |
Significant_Customers
Significant Customers | 9 Months Ended | ||||||||||
Sep. 30, 2013 | |||||||||||
Significant Customers [Abstract] | ' | ||||||||||
SIGNIFICANT CUSTOMERS | ' | ||||||||||
SIGNIFICANT CUSTOMERS | |||||||||||
The Company markets its refined doré to credit worthy bullion trading houses, market makers and members of the London Bullion Market Association and sound financial institutions. The refined metals are ultimately sold to end users for use in electronic circuitry, jewelry, silverware, pharmaceutical products, and the technology industry. The Company currently has eight trading counterparties (International Commodities, Mitsui, Mitsubishi, Standard Bank, Valcambi, TD Bank Group, Johnson Matthey, and Auramet) and the sales of metals to these companies amounted to approximately 83% and 92% of total metal sales for the nine months ended September 30, 2013 and 2012, respectively. Generally, the loss of a single bullion trading counterparty would not adversely affect the Company due to the liquidity of the markets and the availability of alternative trading counterparties. | |||||||||||
Sales of silver and gold concentrates to third parties (Nyrstar, Aurubis, Sumitomo, and China National Gold) amounted to approximately 17% and 8% of total metal sales for the nine months ended September 30, 2013, and 2012, respectively. The loss of any one smelting and refining client may have a material adverse effect if alternate smelters and refiners are not available. The Company believes there is sufficient global capacity available to address the loss of any one smelter. | |||||||||||
The following table indicates customers that represent 10% or more of total sales of metal for the three months ended September 30, 2013 and 2012 (in millions): | |||||||||||
Three months ended September 30, | |||||||||||
Customer | 2013 | 2012 | Segments reporting sales of metal | ||||||||
International Commodities | $ | 41.5 | $ | 10.8 | Palmarejo, Rochester | ||||||
Mitsui | $ | 29.4 | $ | 14.2 | Palmarejo, Rochester | ||||||
TD Bank Group | $ | 28.9 | $ | 19.4 | Palmarejo, Rochester | ||||||
Auramet | $ | 28.5 | $ | 32 | Rochester, Kensington | ||||||
Valcambi | $ | 22.5 | $ | 112.7 | Palmarejo, San Bartolomé | ||||||
China National Gold | $ | 21.3 | $ | 9.6 | Kensington | ||||||
The following table indicates customers that represent 10% or more of total sales of metal for the nine months ended September 30, 2013 and 2012 (in millions): | |||||||||||
Nine months ended September 30, | |||||||||||
Customer | 2013 | 2012 | Segments reporting sales of metal | ||||||||
Auramet | $ | 97.4 | $ | 65.5 | Palmarejo, San Bartolomé, Kensington | ||||||
International Commodities | $ | 82 | $ | 34.7 | Palmarejo, San Bartolomé, Rochester | ||||||
TD Bank Group | $ | 78.1 | $ | 44.6 | Palmarejo, Rochester | ||||||
Valcambi | $ | 61.9 | $ | 368.9 | Palmarejo, San Bartolomé | ||||||
Segment_Reporting
Segment Reporting | 9 Months Ended | |||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||||||||||||||||||||||
SEGMENT REPORTING | ' | |||||||||||||||||||||||||||||||||||
SEGMENT REPORTING | ||||||||||||||||||||||||||||||||||||
The operating segments are managed separately because each segment represents a distinct use of company resources and a separate contribution to the Company’s cash flows. The Company’s reportable operating segments include the Palmarejo, San Bartolomé, Martha, Rochester, Kensington and Endeavor mining properties and the La Preciosa exploration property. All operating segments are engaged in the discovery and/or mining of gold and silver and generate the majority of their revenues from the sale of these precious metal concentrates and/or refined precious metals. Through September 2012, the Martha mine sold precious metal concentrates, typically under long-term contracts, to trading partners located in the United States and Switzerland. The Company ceased active mining operations at the Martha mine in September of 2012. | ||||||||||||||||||||||||||||||||||||
The Kensington mine sells a gold concentrate, typically under long-term contracts to smelters in China and Japan. Refined gold and silver produced by the Rochester, Palmarejo, and San Bartolomé mines are principally sold on a spot basis to precious metals trading banks such as International Commodities, Mitsui, Mitsubishi, Standard Bank, TD Bank Group, Valcambi and Auramet. Concentrates produced at the Endeavor mine are sold to Nyrstar (formerly Zinifex), an Australian smelter. The Company’s exploration programs, other than the La Preciosa project, are reported in its other segment. The other segment also includes the corporate headquarters, elimination of intersegment transactions and other items necessary to reconcile to consolidated amounts. The accounting policies of the operating segments are the same as those described in the summary of significant accounting policies above. The Company evaluates performance and allocates resources based on profit or loss before interest, income taxes, depreciation and amortization, unusual and infrequent items and extraordinary items. | ||||||||||||||||||||||||||||||||||||
Financial information relating to the Company’s segments is as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
Three months ended September 30, 2013 | Palmarejo | San Bartolomé | Kensington | Rochester | Martha | Endeavor | La Preciosa | Other | Total | |||||||||||||||||||||||||||
Mine | Mine | Mine | Mine | Mine | Mine | |||||||||||||||||||||||||||||||
Sales of metals | $ | 104,524 | $ | 28,819 | $ | 38,927 | $ | 24,259 | $ | — | $ | 4,296 | $ | — | $ | — | $ | 200,825 | ||||||||||||||||||
Production costs applicable to sales | (66,839 | ) | (17,673 | ) | (27,484 | ) | (17,861 | ) | — | (1,871 | ) | — | — | (131,728 | ) | |||||||||||||||||||||
Depreciation and depletion | (33,654 | ) | (4,909 | ) | (18,190 | ) | (2,860 | ) | (108 | ) | (894 | ) | (11 | ) | (248 | ) | (60,874 | ) | ||||||||||||||||||
Gross profit | 4,031 | 6,237 | (6,747 | ) | 3,538 | (108 | ) | 1,531 | (11 | ) | (248 | ) | 8,223 | |||||||||||||||||||||||
Exploration expense | 860 | (3 | ) | 1,496 | 624 | 282 | — | (671 | ) | 717 | 3,305 | |||||||||||||||||||||||||
Other operating expenses | — | 1,969 | (6 | ) | 173 | 738 | — | 1,888 | 15,433 | 20,195 | ||||||||||||||||||||||||||
OPERATING INCOME / LOSS | 3,171 | 4,271 | (8,237 | ) | 2,741 | (1,128 | ) | 1,531 | (1,228 | ) | (16,398 | ) | (15,277 | ) | ||||||||||||||||||||||
Interest and other income, net | (2,281 | ) | 582 | — | 60 | (595 | ) | — | 19 | (446 | ) | (2,661 | ) | |||||||||||||||||||||||
Interest expense, net | (2,925 | ) | (12 | ) | (51 | ) | (5 | ) | — | — | — | (6,669 | ) | (9,662 | ) | |||||||||||||||||||||
Fair value adjustments, net | (15,260 | ) | — | (2,952 | ) | (2,363 | ) | — | — | — | (71 | ) | (20,646 | ) | ||||||||||||||||||||||
Income tax expense | 1,564 | (4,648 | ) | — | — | 5 | — | — | 5,060 | 1,981 | ||||||||||||||||||||||||||
Net income (loss) | $ | (15,731 | ) | $ | 193 | $ | (11,240 | ) | $ | 433 | $ | (1,718 | ) | $ | 1,531 | $ | (1,209 | ) | $ | (18,524 | ) | $ | (46,265 | ) | ||||||||||||
Segment assets (A) | $ | 1,825,599 | $ | 289,274 | $ | 481,613 | $ | 161,993 | $ | 6,146 | $ | 27,938 | $ | 410,085 | $ | 109,520 | $ | 3,312,168 | ||||||||||||||||||
Capital expenditures (B) | $ | 10,290 | $ | 4,166 | $ | 4,934 | $ | 12,267 | $ | — | $ | — | $ | 358 | $ | 711 | $ | 32,726 | ||||||||||||||||||
Three months ended September 30, 2012 | Palmarejo | San Bartolomé | Kensington | Rochester | Martha | Endeavor | La Preciosa | Other | Total | |||||||||||||||||||||||||||
Mine | Mine | Mine | Mine | Mine | Mine | |||||||||||||||||||||||||||||||
Sales of metals | $ | 102,642 | $ | 46,192 | $ | 36,450 | $ | 36,244 | $ | 4,933 | $ | 4,132 | $ | — | $ | — | $ | 230,593 | ||||||||||||||||||
Production costs applicable to sales | (48,672 | ) | (19,937 | ) | (26,881 | ) | (21,014 | ) | (6,481 | ) | (1,982 | ) | — | — | (124,967 | ) | ||||||||||||||||||||
Depreciation and depletion | (34,007 | ) | (4,163 | ) | (11,512 | ) | (2,061 | ) | (32 | ) | (898 | ) | — | (171 | ) | (52,844 | ) | |||||||||||||||||||
Gross profit | 19,963 | 22,092 | (1,943 | ) | 13,169 | (1,580 | ) | 1,252 | — | (171 | ) | 52,782 | ||||||||||||||||||||||||
Exploration expense | 2,288 | 50 | 1,476 | 1,158 | 1,217 | — | — | 768 | 6,957 | |||||||||||||||||||||||||||
Loss on impairment | — | — | — | — | 1,293 | — | — | — | 1,293 | |||||||||||||||||||||||||||
Other operating expenses | — | 50 | 39 | 1,109 | 133 | — | — | 9,212 | 10,543 | |||||||||||||||||||||||||||
OPERATING INCOME / LOSS | 17,675 | 21,992 | (3,458 | ) | 10,902 | (4,223 | ) | 1,252 | — | (10,151 | ) | 33,989 | ||||||||||||||||||||||||
Interest and other income, net | 4,914 | 8,353 | — | 59 | (342 | ) | — | — | (320 | ) | 12,664 | |||||||||||||||||||||||||
Interest expense | (4,401 | ) | (11 | ) | (1,834 | ) | (6 | ) | (2 | ) | — | — | (1,097 | ) | (7,351 | ) | ||||||||||||||||||||
Fair value adjustments, net | (34,266 | ) | — | (4,283 | ) | — | — | — | — | 901 | (37,648 | ) | ||||||||||||||||||||||||
Income tax benefit (expense) | 5,495 | (23,106 | ) | — | — | 1,233 | (202 | ) | — | (895 | ) | (17,475 | ) | |||||||||||||||||||||||
Net income (loss) | $ | (10,583 | ) | $ | 7,228 | $ | (9,575 | ) | $ | 10,955 | $ | (3,334 | ) | $ | 1,050 | $ | — | $ | (11,562 | ) | $ | (15,821 | ) | |||||||||||||
Segment assets (A) | $ | 1,926,695 | $ | 299,041 | $ | 520,619 | $ | 104,066 | $ | 11,339 | $ | 32,619 | $ | — | $ | 18,613 | $ | 2,912,992 | ||||||||||||||||||
Capital expenditures (B) | $ | 11,321 | $ | 4,406 | $ | 9,034 | $ | 4,777 | $ | 6 | $ | — | $ | — | $ | 428 | $ | 29,972 | ||||||||||||||||||
Nine months ended | Palmarejo | San Bartolomé | Kensington | Rochester | Martha | Endeavor | La Preciosa | Other | Total | |||||||||||||||||||||||||||
30-Sep-13 | Mine | Mine | Mine | Mine | Mine | Mine | ||||||||||||||||||||||||||||||
Sales of metals | $ | 248,167 | $ | 111,196 | $ | 109,053 | $ | 98,636 | $ | (662 | ) | $ | 10,757 | $ | — | $ | — | $ | 577,147 | |||||||||||||||||
Production costs applicable to sales | (148,776 | ) | (66,165 | ) | (81,203 | ) | (62,418 | ) | — | (4,874 | ) | — | (1 | ) | (363,437 | ) | ||||||||||||||||||||
Depreciation and depletion | (98,161 | ) | (14,606 | ) | (44,837 | ) | (7,365 | ) | (338 | ) | (2,938 | ) | (12 | ) | (706 | ) | (168,963 | ) | ||||||||||||||||||
Gross profit | 1,230 | 30,425 | (16,987 | ) | 28,853 | (1,000 | ) | 2,945 | (12 | ) | (707 | ) | 44,747 | |||||||||||||||||||||||
Exploration expense | 6,029 | 76 | 2,732 | 1,621 | 4,460 | — | 19 | 1,983 | 16,920 | |||||||||||||||||||||||||||
Loss on impairment | — | — | — | — | 205 | — | — | — | 205 | |||||||||||||||||||||||||||
Other operating expenses | — | 5,691 | 204 | 34,494 | 2,643 | — | 1,888 | 38,032 | 82,952 | |||||||||||||||||||||||||||
OPERATING INCOME / LOSS | (4,799 | ) | 24,658 | (19,923 | ) | (7,262 | ) | (8,308 | ) | 2,945 | (1,919 | ) | (40,722 | ) | (55,330 | ) | ||||||||||||||||||||
Interest and other income, net | (768 | ) | 1,871 | 281 | 117 | 166 | — | 8 | (17,288 | ) | (15,613 | ) | ||||||||||||||||||||||||
Interest expense, net | (10,853 | ) | (59 | ) | (405 | ) | (16 | ) | — | — | — | (18,991 | ) | (30,324 | ) | |||||||||||||||||||||
Fair value adjustments, net | 60,234 | — | 7,626 | (2,363 | ) | — | — | — | (1,592 | ) | 63,905 | |||||||||||||||||||||||||
Income tax expense | (17,383 | ) | (13,482 | ) | (1 | ) | — | (38 | ) | — | — | (769 | ) | (31,673 | ) | |||||||||||||||||||||
Net income (loss) | $ | 26,431 | $ | 12,988 | $ | (12,422 | ) | $ | (9,524 | ) | $ | (8,180 | ) | $ | 2,945 | $ | (1,911 | ) | $ | (79,362 | ) | $ | (69,035 | ) | ||||||||||||
Segment assets (A) | $ | 1,825,599 | $ | 289,274 | $ | 481,613 | $ | 161,993 | $ | 6,146 | $ | 27,938 | $ | 410,085 | $ | 109,520 | $ | 3,312,168 | ||||||||||||||||||
Capital expenditures (B) | $ | 24,770 | $ | 7,782 | $ | 15,670 | $ | 22,161 | $ | 10 | $ | — | $ | 1,093 | $ | 1,268 | $ | 72,754 | ||||||||||||||||||
Nine months ended | Palmarejo | San Bartolomé | Kensington | Rochester | Martha | Endeavor | La Preciosa | Other | Total | |||||||||||||||||||||||||||
30-Sep-12 | Mine | Mine | Mine | Mine | Mine | Mine | ||||||||||||||||||||||||||||||
Sales of metals | $ | 362,729 | $ | 140,951 | $ | 67,950 | $ | 89,156 | $ | 12,700 | $ | 16,077 | $ | — | $ | — | $ | 689,563 | ||||||||||||||||||
Production costs applicable to sales | (157,070 | ) | (56,317 | ) | (60,078 | ) | (51,331 | ) | (17,276 | ) | (7,272 | ) | — | — | (349,344 | ) | ||||||||||||||||||||
Depreciation and depletion | (114,525 | ) | (12,452 | ) | (27,836 | ) | (5,763 | ) | (1,332 | ) | (4,134 | ) | — | (418 | ) | (166,460 | ) | |||||||||||||||||||
Gross profit | 91,134 | 72,182 | (19,964 | ) | 32,062 | (5,908 | ) | 4,671 | — | (418 | ) | 173,759 | ||||||||||||||||||||||||
Exploration expense | 5,232 | 51 | 1,971 | 3,003 | 7,391 | — | — | 2,181 | 19,829 | |||||||||||||||||||||||||||
Loss on impairment | — | — | — | — | 6,106 | — | — | — | 6,106 | |||||||||||||||||||||||||||
Other operating expenses | — | 80 | 75 | 3,142 | 411 | — | — | 24,366 | 28,074 | |||||||||||||||||||||||||||
OPERATING INCOME / LOSS | 85,902 | 72,051 | (22,010 | ) | 25,917 | (19,816 | ) | 4,671 | — | (26,965 | ) | 119,750 | ||||||||||||||||||||||||
Interest and other income, net | 4,774 | 9,079 | 1 | 347 | (912 | ) | — | — | 1,161 | 14,450 | ||||||||||||||||||||||||||
Interest expense, net | (14,883 | ) | (47 | ) | (3,627 | ) | (21 | ) | (3 | ) | — | — | (2,997 | ) | (21,578 | ) | ||||||||||||||||||||
Fair value adjustments, net | (45,771 | ) | — | (2,647 | ) | — | — | — | — | 3,696 | (44,722 | ) | ||||||||||||||||||||||||
Income tax expense | (10,015 | ) | (41,684 | ) | — | — | 993 | (202 | ) | — | (5,865 | ) | (56,773 | ) | ||||||||||||||||||||||
Net income (loss) | $ | 20,007 | $ | 39,399 | $ | (28,283 | ) | $ | 26,243 | $ | (19,738 | ) | $ | 4,469 | $ | — | $ | (30,970 | ) | $ | 11,127 | |||||||||||||||
Segment assets (A) | $ | 1,926,695 | $ | 299,041 | $ | 520,619 | $ | 104,066 | $ | 11,339 | $ | 32,619 | $ | — | $ | 18,613 | $ | 2,912,992 | ||||||||||||||||||
Capital expenditures (B) | $ | 29,665 | $ | 22,413 | $ | 29,235 | $ | 10,362 | $ | 1,194 | $ | — | $ | — | $ | 988 | $ | 93,857 | ||||||||||||||||||
(A) Segment assets consist of receivables, prepaids, inventories, property, plant, and equipment, and mining properties | ||||||||||||||||||||||||||||||||||||
(B) Capital expenditures are presented on a cash basis | ||||||||||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | |||||||||||||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||||||||||||||
Total assets for reportable segments | $ | 3,312,168 | $ | 2,974,056 | ||||||||||||||||||||||||||||||||
Cash and cash equivalents | 211,434 | 125,440 | ||||||||||||||||||||||||||||||||||
Short term investments | — | 999 | ||||||||||||||||||||||||||||||||||
Other assets | 113,315 | 120,906 | ||||||||||||||||||||||||||||||||||
Total consolidated assets | $ | 3,636,917 | $ | 3,221,401 | ||||||||||||||||||||||||||||||||
Geographic Information | ||||||||||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | |||||||||||||||||||||||||||||||||||
Long Lived Assets: | ||||||||||||||||||||||||||||||||||||
United States | $ | 525,573 | $ | 514,687 | ||||||||||||||||||||||||||||||||
Australia | 26,469 | 29,408 | ||||||||||||||||||||||||||||||||||
Argentina | 94,844 | 95,134 | ||||||||||||||||||||||||||||||||||
Bolivia | 235,059 | 240,905 | ||||||||||||||||||||||||||||||||||
Mexico | 2,133,645 | 1,795,677 | ||||||||||||||||||||||||||||||||||
Total | $ | 3,015,590 | $ | 2,675,811 | ||||||||||||||||||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||||||||||
Revenues: | ||||||||||||||||||||||||||||||||||||
United States | $ | 63,186 | $ | 72,694 | $ | 207,689 | $ | 157,106 | ||||||||||||||||||||||||||||
Mexico | 104,524 | 102,642 | 248,167 | 362,729 | ||||||||||||||||||||||||||||||||
Bolivia | 28,819 | 46,192 | 111,196 | 140,951 | ||||||||||||||||||||||||||||||||
Australia | 4,296 | 4,132 | 10,757 | 16,077 | ||||||||||||||||||||||||||||||||
Argentina | — | 4,933 | (662 | ) | 12,700 | |||||||||||||||||||||||||||||||
Total | $ | 200,825 | $ | 230,593 | $ | 577,147 | $ | 689,563 | ||||||||||||||||||||||||||||
Supplemental_Guarantor_Informa
Supplemental Guarantor Information | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | ||||||||||||||||||||
SUPPLEMENTAL GUARANTOR INFORMATION | ' | ||||||||||||||||||||
SUPPLEMENTAL GUARANTOR INFORMATION | |||||||||||||||||||||
The following Condensed Consolidating Financial Statements are presented to satisfy disclosure requirements of Rule 3-10 of Regulation S-X resulting from the guarantees by Coeur Alaska, Inc., Coeur Explorations, Inc., Coeur Rochester, Inc. and Coeur South America Corp. (collectively, the “Subsidiary Guarantors”) of the $300 million aggregate principal amount of 7.875% senior notes issued by Coeur on January 29, 2013. The following schedules present Condensed Consolidating Financial Statements of (a) Coeur, the parent company; (b) the Subsidiary Guarantors; and (c) certain wholly owned domestic and foreign subsidiaries of the Company (collectively, the “Non-Guarantor Subsidiaries”). Each of the Subsidiary Guarantors is 100% owned by Coeur, the guarantees are full and unconditional and no other subsidiary of Coeur guaranteed any security issued under the Registration Statement. There are no restrictions on the ability of Coeur to obtain funds from its subsidiaries by dividend or loan. | |||||||||||||||||||||
CONDENSED CONSOLIDATING BALANCE SHEET | |||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
ASSETS | |||||||||||||||||||||
CURRENT ASSETS | |||||||||||||||||||||
Cash and cash equivalents | $ | 131,811 | $ | 399 | $ | 79,224 | $ | — | $ | 211,434 | |||||||||||
Investments | — | — | — | — | — | ||||||||||||||||
Receivables | 353 | 16,517 | 57,547 | — | 74,417 | ||||||||||||||||
Ore on leach pad | — | 39,880 | — | — | 39,880 | ||||||||||||||||
Metal and other inventory | — | 31,511 | 92,026 | — | 123,537 | ||||||||||||||||
Deferred tax assets | — | — | 2,713 | — | 2,713 | ||||||||||||||||
Restricted assets | — | — | 2,015 | — | 2,015 | ||||||||||||||||
Prepaid expenses and other | 6,682 | 6,036 | 14,060 | — | 26,778 | ||||||||||||||||
138,846 | 94,343 | 247,585 | — | 480,774 | |||||||||||||||||
NON-CURRENT ASSETS | |||||||||||||||||||||
Property, plant and equipment, net | 6,085 | 195,966 | 447,540 | — | 649,591 | ||||||||||||||||
Mining properties, net | — | 323,060 | 2,042,939 | — | 2,365,999 | ||||||||||||||||
Ore on leach pad | — | 31,966 | — | — | 31,966 | ||||||||||||||||
Restricted assets | 18,695 | 60 | 6,159 | — | 24,914 | ||||||||||||||||
Marketable securities | 17,616 | — | — | — | 17,616 | ||||||||||||||||
Receivables | — | — | 37,191 | — | 37,191 | ||||||||||||||||
Debt issuance costs, net | 11,351 | — | — | — | 11,351 | ||||||||||||||||
Deferred tax assets | 955 | — | 149 | — | 1,104 | ||||||||||||||||
Net investment in subsidiaries | 1,852,147 | — | 1,578,799 | (3,430,946 | ) | — | |||||||||||||||
Other | 53,194 | 12,232 | 320,407 | (369,422 | ) | 16,411 | |||||||||||||||
TOTAL ASSETS | $ | 2,098,889 | $ | 657,627 | $ | 4,680,769 | $ | (3,800,368 | ) | $ | 3,636,917 | ||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||||||||||
CURRENT LIABILITIES | |||||||||||||||||||||
Accounts payable | $ | 5,287 | $ | 18,755 | $ | 39,568 | $ | — | $ | 63,610 | |||||||||||
Accrued liabilities and other | 2,335 | 864 | 6,390 | — | 9,589 | ||||||||||||||||
Accrued income taxes | 34 | — | 8,495 | — | 8,529 | ||||||||||||||||
Accrued payroll and related benefits | 4,934 | 6,465 | 7,896 | — | 19,295 | ||||||||||||||||
Accrued interest payable | 4,012 | 4 | 1,050 | (1,038 | ) | 4,028 | |||||||||||||||
Debt and capital leases | — | 1,784 | 306,734 | (304,650 | ) | 3,868 | |||||||||||||||
Royalty obligations | — | 2,428 | 46,641 | — | 49,069 | ||||||||||||||||
Reclamation and mine closure | — | — | 947 | (504 | ) | 443 | |||||||||||||||
Deferred tax liabilities | — | — | 121 | — | 121 | ||||||||||||||||
16,602 | 30,300 | 417,842 | (306,192 | ) | 158,552 | ||||||||||||||||
NON-CURRENT LIABILITIES | |||||||||||||||||||||
Debt and capital leases | 305,334 | 283 | 64,487 | (63,732 | ) | 306,372 | |||||||||||||||
Royalty obligations | — | 21,981 | 68,911 | — | 90,892 | ||||||||||||||||
Reclamation and mine closure | — | 43,993 | 11,375 | 504 | 55,872 | ||||||||||||||||
Deferred tax liabilities | 113,130 | — | 596,780 | — | 709,910 | ||||||||||||||||
Other long-term liabilities | 2,299 | 329 | 20,743 | — | 23,371 | ||||||||||||||||
Intercompany payable (receivable) | (630,424 | ) | 412,112 | 218,312 | — | — | |||||||||||||||
(209,661 | ) | 478,698 | 980,608 | (63,228 | ) | 1,186,417 | |||||||||||||||
STOCKHOLDERS’ EQUITY | |||||||||||||||||||||
Common stock | 1,006 | 350 | 122,826 | (123,176 | ) | 1,006 | |||||||||||||||
Additional paid-in capital | 2,756,377 | 107,734 | 3,235,571 | (3,343,305 | ) | 2,756,377 | |||||||||||||||
Accumulated deficit | (465,191 | ) | 40,545 | (76,078 | ) | 35,533 | (465,191 | ) | |||||||||||||
Accumulated other comprehensive loss | (244 | ) | — | — | — | (244 | ) | ||||||||||||||
2,291,948 | 148,629 | 3,282,319 | (3,430,948 | ) | 2,291,948 | ||||||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 2,098,889 | $ | 657,627 | $ | 4,680,769 | $ | (3,800,368 | ) | $ | 3,636,917 | ||||||||||
CONDENSED CONSOLIDATING BALANCE SHEET | |||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
ASSETS | (In thousands, except share data) | ||||||||||||||||||||
CURRENT ASSETS | |||||||||||||||||||||
Cash and cash equivalents | $ | 86,788 | $ | 400 | $ | 38,252 | $ | — | $ | 125,440 | |||||||||||
Investments | 999 | — | — | — | 999 | ||||||||||||||||
Receivables | 8,520 | 7,643 | 46,275 | — | 62,438 | ||||||||||||||||
Ore on leach pad | — | 22,991 | — | — | 22,991 | ||||||||||||||||
Metal and other inventory | — | 45,906 | 124,764 | — | 170,670 | ||||||||||||||||
Deferred tax assets | — | — | 2,458 | — | 2,458 | ||||||||||||||||
Restricted assets | — | — | 396 | — | 396 | ||||||||||||||||
Prepaid expenses and other | 3,395 | 5,947 | 11,448 | — | 20,790 | ||||||||||||||||
99,702 | 82,887 | 223,593 | — | 406,182 | |||||||||||||||||
NON-CURRENT ASSETS | |||||||||||||||||||||
Property, plant and equipment, net | 4,183 | 208,857 | 470,962 | — | 684,002 | ||||||||||||||||
Mining properties, net | — | 301,506 | 1,690,303 | — | 1,991,809 | ||||||||||||||||
Ore on leach pad | — | 21,356 | — | — | 21,356 | ||||||||||||||||
Restricted assets | 18,922 | 60 | 5,988 | — | 24,970 | ||||||||||||||||
Marketable securities | 27,065 | — | — | — | 27,065 | ||||||||||||||||
Receivables | — | — | 48,767 | — | 48,767 | ||||||||||||||||
Debt issuance costs, net | 3,713 | — | — | — | 3,713 | ||||||||||||||||
Deferred tax assets | 955 | — | — | — | 955 | ||||||||||||||||
Net investment in subsidiaries | 1,553,434 | — | 1,285,862 | (2,839,296 | ) | — | |||||||||||||||
Other | 39,120 | 12,360 | 318,330 | (357,228 | ) | 12,582 | |||||||||||||||
TOTAL ASSETS | $ | 1,747,094 | $ | 627,026 | $ | 4,043,805 | $ | (3,196,524 | ) | $ | 3,221,401 | ||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||||||||||
CURRENT LIABILITIES | |||||||||||||||||||||
Accounts payable | $ | 2,954 | $ | 17,211 | $ | 37,317 | $ | — | $ | 57,482 | |||||||||||
Accrued liabilities and other | 1,418 | 4,014 | 4,570 | — | 10,002 | ||||||||||||||||
Accrued income taxes | 257 | — | 26,851 | — | 27,108 | ||||||||||||||||
Accrued payroll and related benefits | 7,477 | 8,158 | 5,671 | — | 21,306 | ||||||||||||||||
Accrued interest payable | 463 | 5 | 1,002 | (992 | ) | 478 | |||||||||||||||
Debt and capital leases | 48,081 | 3,013 | 309,539 | (304,650 | ) | 55,983 | |||||||||||||||
Royalty obligations | — | — | 65,104 | — | 65,104 | ||||||||||||||||
Reclamation and mine closure | — | — | 1,445 | (777 | ) | 668 | |||||||||||||||
Deferred tax liabilities | — | — | 121 | — | 121 | ||||||||||||||||
60,650 | 32,401 | 451,620 | (306,419 | ) | 238,252 | ||||||||||||||||
NON-CURRENT LIABILITIES | |||||||||||||||||||||
Debt and capital leases | — | 1,675 | 53,367 | (51,582 | ) | 3,460 | |||||||||||||||
Royalty obligations | — | — | 141,879 | — | 141,879 | ||||||||||||||||
Reclamation and mine closure | — | 23,149 | 10,744 | 777 | 34,670 | ||||||||||||||||
Deferred tax liabilities | 115,425 | — | 462,063 | — | 577,488 | ||||||||||||||||
Other long-term liabilities | 955 | 8,086 | 18,331 | — | 27,372 | ||||||||||||||||
Intercompany payable (receivable) | (628,216 | ) | 390,480 | 237,736 | — | — | |||||||||||||||
(511,836 | ) | 423,390 | 924,120 | (50,805 | ) | 784,869 | |||||||||||||||
STOCKHOLDERS’ EQUITY | |||||||||||||||||||||
Common stock | 903 | 350 | 22,760 | (23,110 | ) | 903 | |||||||||||||||
Additional paid-in capital | 2,601,254 | 107,734 | 2,748,173 | (2,855,907 | ) | 2,601,254 | |||||||||||||||
Accumulated deficit | (396,156 | ) | 63,151 | (102,868 | ) | 39,717 | (396,156 | ) | |||||||||||||
Accumulated other comprehensive loss | (7,721 | ) | — | — | — | (7,721 | ) | ||||||||||||||
2,198,280 | 171,235 | 2,668,065 | (2,839,300 | ) | 2,198,280 | ||||||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 1,747,094 | $ | 627,026 | $ | 4,043,805 | $ | (3,196,524 | ) | $ | 3,221,401 | ||||||||||
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS | |||||||||||||||||||||
THREE MONTHS ENDED SEPTEMBER 30, 2013 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
Sales of metal | $ | — | $ | 63,187 | $ | 137,638 | $ | — | $ | 200,825 | |||||||||||
Production costs applicable to sales | — | (45,346 | ) | (86,382 | ) | — | (131,728 | ) | |||||||||||||
Depreciation, depletion and amortization | (244 | ) | (21,054 | ) | (39,576 | ) | — | (60,874 | ) | ||||||||||||
Gross profit | (244 | ) | (3,213 | ) | 11,680 | — | 8,223 | ||||||||||||||
COSTS AND EXPENSES | |||||||||||||||||||||
General and administrative | 15,622 | (143 | ) | 761 | — | 16,240 | |||||||||||||||
Exploration | 506 | 2,305 | 494 | — | 3,305 | ||||||||||||||||
Litigation settlement | — | — | — | — | — | ||||||||||||||||
Loss on impairment and other | — | — | — | — | — | ||||||||||||||||
Pre-development, care, maintenance and other | — | 159 | 3,796 | — | 3,955 | ||||||||||||||||
Total costs and expenses | 16,128 | 2,321 | 5,051 | — | 23,500 | ||||||||||||||||
OPERATING INCOME (LOSS) | (16,372 | ) | (5,534 | ) | 6,629 | — | (15,277 | ) | |||||||||||||
OTHER INCOME AND EXPENSE | |||||||||||||||||||||
Fair value adjustments, net | (71 | ) | (5,315 | ) | (15,260 | ) | — | (20,646 | ) | ||||||||||||
Other than temporary impairment of marketable securities | (870 | ) | — | — | — | (870 | ) | ||||||||||||||
Interest income and other, net | 784 | 87 | (1,912 | ) | (750 | ) | (1,791 | ) | |||||||||||||
Interest expense, net of capitalized interest | (6,665 | ) | (56 | ) | (3,691 | ) | 750 | (9,662 | ) | ||||||||||||
Total other income and expense, net | (6,822 | ) | (5,284 | ) | (20,863 | ) | — | (32,969 | ) | ||||||||||||
Income (loss) before income taxes | (23,194 | ) | (10,818 | ) | (14,234 | ) | — | (48,246 | ) | ||||||||||||
Income tax provision | 5,613 | (152 | ) | (3,480 | ) | — | 1,981 | ||||||||||||||
Total income (loss) after taxes | (17,581 | ) | (10,970 | ) | (17,714 | ) | — | (46,265 | ) | ||||||||||||
Equity income (loss) in consolidated subsidiaries | (28,684 | ) | — | — | 28,684 | — | |||||||||||||||
NET INCOME (LOSS) | $ | (46,265 | ) | $ | (10,970 | ) | $ | (17,714 | ) | $ | 28,684 | $ | (46,265 | ) | |||||||
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) | |||||||||||||||||||||
THREE MONTHS ENDED SEPTEMBER 30, 2013 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
Net income (loss) | $ | (46,265 | ) | $ | (10,970 | ) | $ | (17,714 | ) | $ | 28,684 | $ | (46,265 | ) | |||||||
OTHER COMPREHENSIVE INCOME (LOSS) net of tax: | |||||||||||||||||||||
Unrealized gain (loss) on available for sale securities | 301 | — | — | — | $ | 301 | |||||||||||||||
Reclassification adjustments for losses included in net income(A) | 1,006 | — | — | — | $ | 1,006 | |||||||||||||||
Other comprehensive income | 1,307 | — | — | — | 1,307 | ||||||||||||||||
COMPREHENSIVE INCOME (LOSS) | $ | (44,958 | ) | $ | (10,970 | ) | $ | (17,714 | ) | $ | 28,684 | $ | (44,958 | ) | |||||||
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS | |||||||||||||||||||||
THREE MONTHS ENDED SEPTEMBER 30, 2012 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
Sales of metal | $ | — | $ | 72,695 | $ | 157,898 | $ | — | $ | 230,593 | |||||||||||
Production costs applicable to sales | — | (47,896 | ) | (77,071 | ) | — | (124,967 | ) | |||||||||||||
Depreciation, depletion and amortization | (134 | ) | (13,609 | ) | (39,101 | ) | — | (52,844 | ) | ||||||||||||
Gross profit | (134 | ) | 11,190 | 41,726 | — | 52,782 | |||||||||||||||
COSTS AND EXPENSES | |||||||||||||||||||||
General and administrative | 9,097 | 871 | 298 | — | 10,266 | ||||||||||||||||
Exploration | 462 | 2,940 | 3,555 | — | 6,957 | ||||||||||||||||
Loss on impairment and other | — | — | 1,293 | — | 1,293 | ||||||||||||||||
Pre-development, care, maintenance and other | — | 277 | — | — | 277 | ||||||||||||||||
Total costs and expenses | 9,559 | 4,088 | 5,146 | — | 18,793 | ||||||||||||||||
OPERATING INCOME (LOSS) | (9,693 | ) | 7,102 | 36,580 | — | 33,989 | |||||||||||||||
OTHER INCOME AND EXPENSE | |||||||||||||||||||||
Fair value adjustments, net | 901 | (4,283 | ) | (34,266 | ) | — | (37,648 | ) | |||||||||||||
Other than temporary impairment of marketable securities | (605 | ) | — | — | — | (605 | ) | ||||||||||||||
Interest income and other, net | 1,133 | 86 | 13,018 | (968 | ) | 13,269 | |||||||||||||||
Interest expense, net of capitalized interest | (1,097 | ) | (1,840 | ) | (5,382 | ) | 968 | (7,351 | ) | ||||||||||||
Total other income and expense, net | 332 | (6,037 | ) | (26,630 | ) | — | (32,335 | ) | |||||||||||||
Income (loss) before income taxes | (9,361 | ) | 1,065 | 9,950 | — | 1,654 | |||||||||||||||
Income tax provision | (465 | ) | — | (17,010 | ) | — | (17,475 | ) | |||||||||||||
Total income (loss) after taxes | (9,826 | ) | 1,065 | (7,060 | ) | — | (15,821 | ) | |||||||||||||
Equity income (loss) in consolidated subsidiaries | (5,995 | ) | — | — | 5,995 | — | |||||||||||||||
NET INCOME (LOSS) | $ | (15,821 | ) | $ | 1,065 | $ | (7,060 | ) | $ | 5,995 | $ | (15,821 | ) | ||||||||
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) | |||||||||||||||||||||
THREE MONTHS ENDED SEPTEMBER 30, 2012 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
Net income (loss) | $ | (15,821 | ) | $ | 1,065 | $ | (7,060 | ) | $ | 5,995 | $ | (15,821 | ) | ||||||||
OTHER COMPREHENSIVE INCOME (LOSS) net of tax: | |||||||||||||||||||||
Unrealized gain (loss) on available for sale securities | 6,026 | — | — | — | 6,026 | ||||||||||||||||
Reclassification adjustments for losses included in net income(A) | 605 | — | — | — | 605 | ||||||||||||||||
Other comprehensive income | 6,631 | — | — | — | 6,631 | ||||||||||||||||
COMPREHENSIVE INCOME (LOSS) | $ | (9,190 | ) | $ | 1,065 | $ | (7,060 | ) | $ | 5,995 | $ | (9,190 | ) | ||||||||
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS | |||||||||||||||||||||
NINE MONTHS ENDED SEPTEMBER 30, 2013 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
Sales of metal | $ | — | $ | 207,689 | $ | 369,458 | $ | — | $ | 577,147 | |||||||||||
Production costs applicable to sales | — | (143,620 | ) | (219,817 | ) | — | (363,437 | ) | |||||||||||||
Depreciation, depletion and amortization | (694 | ) | (52,213 | ) | (116,056 | ) | — | (168,963 | ) | ||||||||||||
Gross profit | (694 | ) | 11,856 | 33,585 | — | 44,747 | |||||||||||||||
COSTS AND EXPENSES | |||||||||||||||||||||
General and administrative | 37,975 | 1,400 | 2,117 | — | 41,492 | ||||||||||||||||
Exploration | 1,169 | 5,167 | 10,584 | — | 16,920 | ||||||||||||||||
Litigation settlement | — | 32,046 | — | — | 32,046 | ||||||||||||||||
Loss on impairment and other | — | — | 205 | — | 205 | ||||||||||||||||
Pre-development, care, maintenance and other | — | 857 | 8,557 | — | 9,414 | ||||||||||||||||
Total costs and expenses | 39,144 | 39,470 | 21,463 | — | 100,077 | ||||||||||||||||
OPERATING INCOME (LOSS) | (39,838 | ) | (27,614 | ) | 12,122 | — | (55,330 | ) | |||||||||||||
OTHER INCOME AND EXPENSE | |||||||||||||||||||||
Fair value adjustments, net | (1,593 | ) | 5,263 | 60,235 | — | 63,905 | |||||||||||||||
Other than temporary impairment of marketable securities | (18,097 | ) | — | — | — | (18,097 | ) | ||||||||||||||
Interest income and other, net | 2,991 | 562 | 1,404 | (2,473 | ) | 2,484 | |||||||||||||||
Interest expense, net of capitalized interest | (18,984 | ) | (421 | ) | (13,392 | ) | 2,473 | (30,324 | ) | ||||||||||||
Total other income and expense, net | (35,683 | ) | 5,404 | 48,247 | — | 17,968 | |||||||||||||||
Income (loss) before income taxes | (75,521 | ) | (22,210 | ) | 60,369 | — | (37,362 | ) | |||||||||||||
Income tax provision | 2,303 | (397 | ) | (33,579 | ) | — | (31,673 | ) | |||||||||||||
Total income (loss) after taxes | (73,218 | ) | (22,607 | ) | 26,790 | — | (69,035 | ) | |||||||||||||
Equity income (loss) in consolidated subsidiaries | 4,183 | — | — | (4,183 | ) | — | |||||||||||||||
NET INCOME (LOSS) | $ | (69,035 | ) | $ | (22,607 | ) | $ | 26,790 | $ | (4,183 | ) | $ | (69,035 | ) | |||||||
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) | |||||||||||||||||||||
NINE MONTHS ENDED SEPTEMBER 30, 2013 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
Net income (loss) | $ | (69,035 | ) | $ | (22,607 | ) | $ | 26,790 | $ | (4,183 | ) | $ | (69,035 | ) | |||||||
OTHER COMPREHENSIVE INCOME (LOSS) net of tax: | |||||||||||||||||||||
Unrealized gain (loss) on available for sale securities | (10,756 | ) | — | — | — | (10,756 | ) | ||||||||||||||
Reclassification adjustments for losses included in net income(A) | 18,233 | — | — | — | 18,233 | ||||||||||||||||
Other comprehensive income | 7,477 | — | — | — | 7,477 | ||||||||||||||||
COMPREHENSIVE INCOME (LOSS) | $ | (61,558 | ) | $ | (22,607 | ) | $ | 26,790 | $ | (4,183 | ) | $ | (61,558 | ) | |||||||
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS | |||||||||||||||||||||
NINE MONTHS ENDED SEPTEMBER 30, 2012 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
Sales of metal | $ | — | $ | 157,106 | $ | 532,457 | $ | — | $ | 689,563 | |||||||||||
Production costs applicable to sales | — | (111,409 | ) | (237,935 | ) | — | (349,344 | ) | |||||||||||||
Depreciation, depletion and amortization | (382 | ) | (33,635 | ) | (132,443 | ) | — | (166,460 | ) | ||||||||||||
Gross profit | (382 | ) | 12,062 | 162,079 | — | 173,759 | |||||||||||||||
COSTS AND EXPENSES | |||||||||||||||||||||
General and administrative | 24,133 | 1,637 | 686 | — | 26,456 | ||||||||||||||||
Exploration | 1,279 | 5,880 | 12,670 | — | 19,829 | ||||||||||||||||
Loss on impairment and other | — | — | 6,106 | — | 6,106 | ||||||||||||||||
Pre-development, care, maintenance and other | — | 1,580 | 38 | — | 1,618 | ||||||||||||||||
Total costs and expenses | 25,412 | 9,097 | 19,500 | — | 54,009 | ||||||||||||||||
OPERATING INCOME (LOSS) | (25,794 | ) | 2,965 | 142,579 | — | 119,750 | |||||||||||||||
OTHER INCOME AND EXPENSE | |||||||||||||||||||||
Fair value adjustments, net | 3,696 | (2,647 | ) | (45,771 | ) | — | (44,722 | ) | |||||||||||||
Other than temporary impairment of marketable securities | (605 | ) | — | — | — | (605 | ) | ||||||||||||||
Interest income and other, net | 4,805 | 870 | 13,214 | (3,834 | ) | 15,055 | |||||||||||||||
Interest expense, net of capitalized interest | (2,998 | ) | (3,648 | ) | (18,766 | ) | 3,834 | (21,578 | ) | ||||||||||||
Total other income and expense, net | 4,898 | (5,425 | ) | (51,323 | ) | — | (51,850 | ) | |||||||||||||
Income (loss) before income taxes | (20,896 | ) | (2,460 | ) | 91,256 | — | 67,900 | ||||||||||||||
Income tax provision | (3,990 | ) | — | (52,783 | ) | — | (56,773 | ) | |||||||||||||
Total income (loss) after taxes | (24,886 | ) | (2,460 | ) | 38,473 | — | 11,127 | ||||||||||||||
Equity income (loss) in consolidated subsidiaries | 36,013 | — | — | (36,013 | ) | — | |||||||||||||||
NET INCOME (LOSS) | $ | 11,127 | $ | (2,460 | ) | $ | 38,473 | $ | (36,013 | ) | $ | 11,127 | |||||||||
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) | |||||||||||||||||||||
NINE MONTHS ENDED SEPTEMBER 30, 2012 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
Net income (loss) | $ | 11,127 | $ | (2,460 | ) | $ | 38,473 | $ | (36,013 | ) | $ | 11,127 | |||||||||
OTHER COMPREHENSIVE INCOME (LOSS) net of tax: | |||||||||||||||||||||
Unrealized gain (loss) on available for sale securities | 774 | — | — | — | 774 | ||||||||||||||||
Reclassification adjustments for losses included in net income(A) | 605 | — | — | — | 605 | ||||||||||||||||
Other comprehensive income | 1,379 | — | — | — | 1,379 | ||||||||||||||||
COMPREHENSIVE INCOME (LOSS) | $ | 12,506 | $ | (2,460 | ) | $ | 38,473 | $ | (36,013 | ) | $ | 12,506 | |||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | |||||||||||||||||||||
THREE MONTHS ENDED SEPTEMBER 30, 2013 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||||||||||||||
Cash provided by operating activities | $ | (57,902 | ) | $ | (2,282 | ) | $ | 57,186 | $ | 29,802 | $ | 26,804 | |||||||||
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||||||||||||||
Purchase of short term investments and marketable securities | (1,307 | ) | (27 | ) | (1,355 | ) | — | (2,689 | ) | ||||||||||||
Proceeds from sales and maturities of short term investments | — | 27 | — | — | 27 | ||||||||||||||||
Capital expenditures | (711 | ) | (17,201 | ) | (14,814 | ) | — | (32,726 | ) | ||||||||||||
Other | (13 | ) | — | (35 | ) | — | (48 | ) | |||||||||||||
Investments in consolidated subsidiaries | 29,802 | — | — | (29,802 | ) | — | |||||||||||||||
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | 27,771 | (17,201 | ) | (16,204 | ) | (29,802 | ) | (35,436 | ) | ||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||||||||||||||
Payments on long-term debt, capital leases, and associated costs | — | (665 | ) | (1,159 | ) | — | (1,824 | ) | |||||||||||||
Payments on gold production royalty | — | — | (12,619 | ) | — | (12,619 | ) | ||||||||||||||
Share repurchases | (14,995 | ) | — | — | — | (14,995 | ) | ||||||||||||||
Net intercompany borrowings (lending) | (9,917 | ) | 19,824 | (9,907 | ) | — | — | ||||||||||||||
Other | (27 | ) | — | — | — | (27 | ) | ||||||||||||||
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | (24,939 | ) | 19,159 | (23,685 | ) | — | (29,465 | ) | |||||||||||||
NET CHANGE IN CASH AND CASH EQUIVALENTS | (55,070 | ) | (324 | ) | 17,297 | — | (38,097 | ) | |||||||||||||
Cash and cash equivalents at beginning of period | 186,881 | 723 | 61,927 | — | 249,531 | ||||||||||||||||
Cash and cash equivalents at end of period | $ | 131,811 | $ | 399 | $ | 79,224 | $ | — | $ | 211,434 | |||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | |||||||||||||||||||||
THREE MONTHS ENDED SEPTEMBER 30, 2012 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||||||||||||||
Cash provided by operating activities | $ | (6,929 | ) | $ | 11,912 | $ | 75,567 | $ | (815 | ) | $ | 79,735 | |||||||||
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||||||||||||||
Purchase of short term investments and marketable securities | (4,071 | ) | (22 | ) | — | — | (4,093 | ) | |||||||||||||
Proceeds from sales and maturities of short term investments | 255 | 22 | 60 | — | 337 | ||||||||||||||||
Capital expenditures | (428 | ) | (13,811 | ) | (15,733 | ) | — | (29,972 | ) | ||||||||||||
Other | 524 | — | (45 | ) | — | 479 | |||||||||||||||
Investments in consolidated subsidiaries | (815 | ) | — | — | 815 | — | |||||||||||||||
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | (4,535 | ) | (13,811 | ) | (15,718 | ) | 815 | (33,249 | ) | ||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||||||||||||||
Payments on long-term debt, capital leases, and associated costs | (3,721 | ) | (73,082 | ) | (3,515 | ) | — | (80,318 | ) | ||||||||||||
Payments on gold production royalty | — | — | (17,458 | ) | — | (17,458 | ) | ||||||||||||||
Reductions of (additions to) restricted assets associated with the Kensington Term Facility | — | 4,645 | — | — | 4,645 | ||||||||||||||||
Share repurchases | (9,971 | ) | — | — | — | (9,971 | ) | ||||||||||||||
Net intercompany borrowings (lending) | (18,609 | ) | 70,142 | (51,533 | ) | — | — | ||||||||||||||
Other | 134 | — | — | — | 134 | ||||||||||||||||
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | (32,167 | ) | 1,705 | (72,506 | ) | — | (102,968 | ) | |||||||||||||
NET CHANGE IN CASH AND CASH EQUIVALENTS | (43,631 | ) | (194 | ) | (12,657 | ) | — | (56,482 | ) | ||||||||||||
Cash and cash equivalents at beginning of period | 124,906 | 537 | 73,954 | — | 199,397 | ||||||||||||||||
Cash and cash equivalents at end of period | $ | 81,275 | $ | 343 | $ | 61,297 | $ | — | $ | 142,915 | |||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | |||||||||||||||||||||
NINE MONTHS ENDED SEPTEMBER 30, 2013 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||||||||||||||
Cash provided by operating activities | $ | (39,646 | ) | $ | 18,374 | $ | 128,531 | $ | (4,183 | ) | $ | 103,076 | |||||||||
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||||||||||||||
Purchase of short term investments and marketable securities | (2,906 | ) | (65 | ) | (5,051 | ) | — | (8,022 | ) | ||||||||||||
Proceeds from sales and maturities of short term investments | 2,874 | 65 | 3,432 | — | 6,371 | ||||||||||||||||
Capital expenditures | (1,268 | ) | (37,831 | ) | (33,655 | ) | — | (72,754 | ) | ||||||||||||
Acquisition of Orko Silver Corporation | (113,214 | ) | — | — | — | (113,214 | ) | ||||||||||||||
Other | (19 | ) | 443 | 739 | — | 1,163 | |||||||||||||||
Investments in consolidated subsidiaries | (7,671 | ) | — | 3,488 | 4,183 | — | |||||||||||||||
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | (122,204 | ) | (37,388 | ) | (31,047 | ) | 4,183 | (186,456 | ) | ||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||||||||||||||
Proceeds from issuance of notes and bank borrowings | 300,000 | — | — | — | 300,000 | ||||||||||||||||
Payments on long-term debt, capital leases, and associated costs | (52,565 | ) | (2,621 | ) | (3,835 | ) | — | (59,021 | ) | ||||||||||||
Payments on gold production royalty | — | — | (43,548 | ) | — | (43,548 | ) | ||||||||||||||
Share repurchases | (27,552 | ) | — | — | — | (27,552 | ) | ||||||||||||||
Net intercompany borrowings (lending) | (12,505 | ) | 21,634 | (9,129 | ) | — | — | ||||||||||||||
Other | (505 | ) | — | — | — | (505 | ) | ||||||||||||||
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | 206,873 | 19,013 | (56,512 | ) | — | 169,374 | |||||||||||||||
NET CHANGE IN CASH AND CASH EQUIVALENTS | 45,023 | (1 | ) | 40,972 | — | 85,994 | |||||||||||||||
Cash and cash equivalents at beginning of period | 86,788 | 400 | 38,252 | — | 125,440 | ||||||||||||||||
Cash and cash equivalents at end of period | $ | 131,811 | $ | 399 | $ | 79,224 | $ | — | $ | 211,434 | |||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | |||||||||||||||||||||
NINE MONTHS ENDED SEPTEMBER 30, 2012 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||||||||||||||
Cash provided by operating activities | $ | 24,589 | $ | 2,696 | $ | 229,932 | $ | (47,276 | ) | $ | 209,941 | ||||||||||
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||||||||||||||
Purchase of short term investments and marketable securities | (11,914 | ) | (45 | ) | — | — | (11,959 | ) | |||||||||||||
Proceeds from sales and maturities of short term investments | 20,933 | 45 | 60 | — | 21,038 | ||||||||||||||||
Capital expenditures | (987 | ) | (39,598 | ) | (53,272 | ) | — | (93,857 | ) | ||||||||||||
Other | 2,191 | 1 | (533 | ) | — | 1,659 | |||||||||||||||
Investments in consolidated subsidiaries | (47,276 | ) | — | — | 47,276 | — | |||||||||||||||
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | (37,053 | ) | (39,597 | ) | (53,745 | ) | 47,276 | (83,119 | ) | ||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||||||||||||||
Payments on long-term debt, capital leases, and associated costs | (4,004 | ) | (79,151 | ) | (11,407 | ) | — | (94,562 | ) | ||||||||||||
Payments on gold production royalty | — | — | (58,119 | ) | — | (58,119 | ) | ||||||||||||||
Reductions of (additions to) restricted assets associated with the Kensington Term Facility | — | 4,645 | — | — | 4,645 | ||||||||||||||||
Share repurchases | (9,971 | ) | — | — | — | (9,971 | ) | ||||||||||||||
Net intercompany borrowings (lending) | 22,954 | 111,317 | (134,271 | ) | — | — | |||||||||||||||
Other | (912 | ) | — | — | — | (912 | ) | ||||||||||||||
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | 8,067 | 36,811 | (203,797 | ) | — | (158,919 | ) | ||||||||||||||
NET CHANGE IN CASH AND CASH EQUIVALENTS | (4,397 | ) | (90 | ) | (27,610 | ) | — | (32,097 | ) | ||||||||||||
Cash and cash equivalents at beginning of period | 85,672 | 433 | 88,907 | — | 175,012 | ||||||||||||||||
Cash and cash equivalents at end of period | $ | 81,275 | $ | 343 | $ | 61,297 | $ | — | $ | 142,915 | |||||||||||
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Use of Estimates | ' |
Use of Estimates: The preparation of the Company’s consolidated financial statements requires management to make estimates and assumptions that affect the amounts reported in its condensed consolidated financial statements and accompanying notes. The most significant areas requiring the use of management’s estimates and assumptions relate to recoverable ounces from proven and probable reserves that are the basis of future cash flow estimates and units-of-production depreciation and amortization calculations; useful lives utilized for depreciation, depletion and amortization; estimates of future cash flows for long lived assets; estimates of recoverable gold and silver ounces in ore on leach pads; the amount and timing of reclamation and remediation costs; and valuation allowance for deferred tax assets. | |
Recently Adopted Accounting Pronouncements | ' |
Recently Adopted Accounting Pronouncements: | |
On January 1, 2013, the Company adopted ASU 2011-11, "Balance Sheet (Topic 201): Disclosures about Offsetting Assets and Liabilities." This ASU adds certain additional disclosure requirements about financial instruments and derivative instruments that are subject to netting arrangements. The adoption of ASU 2011-11 had no effect on the Company's financial position, results of operations or cash flows. | |
On January 1, 2013, the Company adopted ASU 2013-02, "Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income." The new standard requires either in a single note or parenthetically on the face of the financial statements: (i) the effect of significant amounts reclassified from each component of accumulated other comprehensive income based on its source and (ii) the income statement line items affected by the reclassification. The adoption of ASU 2013-02 had no effect on the Company's financial position, results of operations or cash flows. | |
Recently Issued Accounting Pronouncements: | |
In July 2013, the FASB issued ASU 2013-11, "Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists." The updated guidance requires an entity to net its unrecognized tax benefits against the deferred tax assets for all same jurisdiction net operating loss carryforwards, a similar tax loss, or tax credit carryforwards. A gross presentation will be required only if such carryforwards are not available or would not be used by the entity to settle any additional income taxes resulting from disallowance of the uncertain tax provision. The update is effective prospectively for the Company's fiscal year beginning January 1, 2014. |
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | |||||||||||||||
Three months ended | Nine months ended September 30, | |||||||||||||||
September 30, | ||||||||||||||||
In thousands except per share amounts | 2013 | 2012 | 2013 | 2012 | ||||||||||||
Net income (loss) available to common stockholders | $ | (46,265 | ) | $ | (15,821 | ) | $ | (69,035 | ) | $ | 11,127 | |||||
Weighted average shares | ||||||||||||||||
Basic | 100,778 | 89,429 | 96,893 | 89,550 | ||||||||||||
Effect of share based compensation plans | — | — | — | 140 | ||||||||||||
Diluted | 100,778 | 89,429 | 96,893 | 89,690 | ||||||||||||
Income (loss) per share | ||||||||||||||||
Basic | $ | (0.46 | ) | $ | (0.18 | ) | $ | (0.71 | ) | $ | 0.12 | |||||
Diluted | $ | (0.46 | ) | $ | (0.18 | ) | $ | (0.71 | ) | $ | 0.12 | |||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||
Financial assets and liabilities measured at fair value on recurring basis | ' | |||||||||||||||
The following table sets forth the Company’s financial assets and liabilities measured at fair value on a recurring basis (at least annually) by level within the fair value hierarchy. As required by accounting guidance, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement (in thousands): | ||||||||||||||||
Fair Value at September 30, 2013 | ||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Marketable equity securities | $ | 17,616 | $ | 17,616 | $ | — | $ | — | ||||||||
Gold and silver put options | 160 | — | 160 | — | ||||||||||||
$ | 17,776 | $ | 17,616 | $ | 160 | $ | — | |||||||||
Liabilities: | ||||||||||||||||
Palmarejo royalty obligation embedded derivative | $ | 61,996 | $ | — | $ | 61,996 | $ | — | ||||||||
Rochester NSR royalty obligation | 24,409 | — | — | 24,409 | ||||||||||||
Other derivative instruments, net | 2,069 | — | 2,069 | — | ||||||||||||
$ | 88,474 | $ | — | $ | 64,065 | $ | 24,409 | |||||||||
Fair Value at December 31, 2012 | ||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Short term investments | $ | 999 | $ | 999 | $ | — | $ | — | ||||||||
Marketable equity securities | 27,065 | 27,065 | — | — | ||||||||||||
Other derivative instruments, net | 943 | — | 943 | — | ||||||||||||
$ | 29,007 | $ | 28,064 | $ | 943 | $ | — | |||||||||
Liabilities: | ||||||||||||||||
Palmarejo royalty obligation embedded derivative | $ | 145,098 | $ | — | $ | 145,098 | $ | — | ||||||||
Put and call options | 9,299 | — | 9,299 | — | ||||||||||||
$ | 154,397 | $ | — | $ | 154,397 | $ | — | |||||||||
Financial Assets and Liabilities not Measured at Fair Value | ' | |||||||||||||||
Financial assets and liabilities that are not measured at fair value at September 30, 2013 and December 31, 2012 are set forth below (in thousands): | ||||||||||||||||
Fair Value at September 30, 2013 | ||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Liabilities: | ||||||||||||||||
3.25% Convertible Senior Notes due 2028 | $ | 5,131 | $ | 5,131 | $ | — | $ | — | ||||||||
7.875% Senior Notes due 2021 | $ | 304,314 | $ | 304,314 | $ | — | $ | — | ||||||||
Palmarejo Gold Production Royalty Obligation | $ | 70,795 | $ | — | $ | 70,795 | $ | — | ||||||||
Fair Value at December 31, 2012 | ||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Liabilities: | ||||||||||||||||
3.25% Convertible Senior Notes due 2028 | $ | 48,220 | $ | 48,220 | $ | — | $ | — | ||||||||
Palmarejo Gold Production Royalty Obligation | $ | 90,617 | $ | — | $ | 90,617 | $ | — | ||||||||
Investments_Tables
Investments (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | |||||||||||||||
Investments (Tables) | ' | |||||||||||||||
Investments in marketable securities | ||||||||||||||||
Adjusted | Gross | Gross | Estimated | |||||||||||||
Cost | Unrealized | Unrealized | Fair Value | |||||||||||||
Losses | Gains | |||||||||||||||
Marketable securities at September 30, 2013 | $ | 17,860 | $ | (987 | ) | $ | 743 | $ | 17,616 | |||||||
Marketable securities at December 31, 2012 | $ | 34,786 | $ | (10,443 | ) | $ | 2,722 | $ | 27,065 | |||||||
Receivables_Tables
Receivables (Tables) | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Receivables [Abstract] | ' | |||||||
Receivables | ' | |||||||
Receivables consist of the following (in thousands): | ||||||||
September 30, 2013 | December 31, 2012 | |||||||
Receivables - current | ||||||||
Accounts receivable - trade | $ | 16,295 | $ | 8,701 | ||||
Refundable income tax | 8,330 | 9,331 | ||||||
Refundable value added tax | 46,242 | 40,020 | ||||||
Accounts receivable - other | 3,550 | 4,386 | ||||||
$ | 74,417 | $ | 62,438 | |||||
Receivables - non-current | ||||||||
Refundable value added tax | $ | 37,191 | $ | 48,767 | ||||
Metal_and_Other_Inventories_Ta
Metal and Other Inventories (Tables) | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Inventory Disclosure [Abstract] | ' | |||||||
Inventories | ' | |||||||
Metal and other inventory consist of the following (in thousands): | ||||||||
September 30, 2013 | December 31, 2012 | |||||||
Concentrate and doré inventory | $ | 57,519 | $ | 91,130 | ||||
Supplies | 66,018 | 79,540 | ||||||
Metal and other inventory | $ | 123,537 | $ | 170,670 | ||||
Acquisition_of_Orko_Silver_Cor1
Acquisition of Orko Silver Corporation/La Preciosa Mineral Interests (Tables) | 9 Months Ended | |||
Sep. 30, 2013 | ||||
Business Combinations [Abstract] | ' | |||
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | ' | |||
Total consideration paid for the asset acquisition (in thousands): | ||||
Common shares issued (11,572,918 at $14.98) | $ | 173,363 | ||
Cash | 99,059 | |||
Warrants (1,588,768 valued at $3.64 per warrant) | 5,777 | |||
Transaction advisory fees and other acquisition costs | 17,642 | |||
Total purchase price | 295,841 | |||
Current liabilities | 2,616 | |||
Deferred income taxes | 114,339 | |||
Total liabilities assumed | 116,955 | |||
Total consideration | $ | 412,796 | ||
Schedule of Assets Acquired Through Business Combination at Fair Value | ' | |||
Estimated fair value of the assets acquired (in thousands): | ||||
Cash | $ | 3,487 | ||
Other current assets | 635 | |||
Mineral interests | 408,352 | |||
Other assets | 322 | |||
Total assets acquired | $ | 412,796 | ||
Property_Plant_and_Equipment_T
Property, Plant and Equipment (Tables) | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Property, Plant and Equipment [Abstract] | ' | |||||||
Property, plant and equipment | ' | |||||||
Property, plant and equipment consist of the following (in thousands): | ||||||||
September 30, 2013 | December 31, 2012 | |||||||
Land | $ | 1,764 | $ | 2,152 | ||||
Buildings and improvements | 596,655 | 581,286 | ||||||
Machinery and equipment | 390,069 | 360,199 | ||||||
Capitalized leases for machinery, equipment, buildings, and land | 22,444 | 35,129 | ||||||
1,010,932 | 978,766 | |||||||
Accumulated depreciation and amortization | (373,931 | ) | (313,067 | ) | ||||
637,001 | 665,699 | |||||||
Construction in progress | 12,590 | 18,303 | ||||||
$ | 649,591 | $ | 684,002 | |||||
Mining_Properties_Tables
Mining Properties (Tables) | 9 Months Ended | |||||||||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||||||||
Mining Properties [Abstract] | ' | |||||||||||||||||||||||||||||||
Mining Properties | ' | |||||||||||||||||||||||||||||||
Mining properties consist of the following (in thousands): | ||||||||||||||||||||||||||||||||
September 30, 2013 | Palmarejo | San | Kensington | Rochester | Endeavor | La Preciosa | Joaquin | Total | ||||||||||||||||||||||||
Bartolomé | ||||||||||||||||||||||||||||||||
Mining properties | $ | 170,789 | $ | 70,371 | $ | 345,447 | $ | 148,626 | $ | — | $ | — | $ | — | $ | 735,233 | ||||||||||||||||
Accumulated depletion | (101,687 | ) | (21,270 | ) | (68,909 | ) | (102,105 | ) | — | — | — | (293,971 | ) | |||||||||||||||||||
69,102 | 49,101 | 276,538 | 46,521 | — | — | — | 441,262 | |||||||||||||||||||||||||
Mineral interests | 1,660,580 | 26,643 | — | — | 44,033 | 408,352 | 93,429 | 2,233,037 | ||||||||||||||||||||||||
Accumulated depletion | (282,339 | ) | (8,398 | ) | — | — | (17,563 | ) | — | — | (308,300 | ) | ||||||||||||||||||||
1,378,241 | 18,245 | — | — | 26,470 | 408,352 | 93,429 | 1,924,737 | |||||||||||||||||||||||||
Total mining properties | $ | 1,447,343 | $ | 67,346 | $ | 276,538 | $ | 46,521 | $ | 26,470 | $ | 408,352 | $ | 93,429 | $ | 2,365,999 | ||||||||||||||||
31-Dec-12 | Palmarejo | San | Kensington | Rochester | Endeavor | Joaquin | Total | |||||||||||||||||||||||||
Bartolomé | ||||||||||||||||||||||||||||||||
Mining properties | $ | 155,722 | $ | 70,322 | $ | 333,619 | $ | 114,973 | $ | — | $ | — | $ | 674,636 | ||||||||||||||||||
Accumulated depletion | (82,037 | ) | (18,439 | ) | (46,649 | ) | (100,437 | ) | — | — | (247,562 | ) | ||||||||||||||||||||
73,685 | 51,883 | 286,970 | 14,536 | — | — | 427,074 | ||||||||||||||||||||||||||
Mineral interests | 1,658,389 | 26,642 | — | — | 44,033 | 93,429 | 1,822,493 | |||||||||||||||||||||||||
Accumulated depletion | (235,795 | ) | (7,338 | ) | — | — | (14,625 | ) | — | (257,758 | ) | |||||||||||||||||||||
1,422,594 | 19,304 | — | — | 29,408 | 93,429 | 1,564,735 | ||||||||||||||||||||||||||
Total mining properties | $ | 1,496,279 | $ | 71,187 | $ | 286,970 | $ | 14,536 | $ | 29,408 | $ | 93,429 | $ | 1,991,809 | ||||||||||||||||||
Debt_and_Capital_Lease_Obligat1
Debt and Capital Lease Obligations (Table) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Debt Disclosure [Abstract] | ' | |||||||||||||||
Long term debt and capital lease obligations | ' | |||||||||||||||
The current and non-current portions of long-term debt and capital lease obligations as of September 30, 2013 and December 31, 2012 are as follows (in thousands): | ||||||||||||||||
September 30, | December 31, | |||||||||||||||
2013 | 2012 | |||||||||||||||
Current | Non-Current | Current | Non-Current | |||||||||||||
3.25% Convertible Senior Notes due 2028 | $ | — | $ | 5,334 | $ | 48,081 | $ | — | ||||||||
7.875% Senior Notes due 2021 | — | 300,000 | — | — | ||||||||||||
Capital lease obligations | 3,868 | 1,038 | 7,902 | 3,460 | ||||||||||||
$ | 3,868 | $ | 306,372 | $ | 55,983 | $ | 3,460 | |||||||||
Interest expenses incurred for various debt instruments | ' | |||||||||||||||
Interest expense is made up of the following (in thousands): | ||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
3.25% Convertible Senior Notes due 2028 | $ | 43 | $ | 395 | $ | 423 | $ | 1,186 | ||||||||
7.875% Senior Notes due 2021 | 5,906 | — | 15,947 | — | ||||||||||||
Revolving Credit Facility | 176 | 85 | 434 | 85 | ||||||||||||
Kensington Term Facility (terminated in 2012) | — | 459 | — | 2,339 | ||||||||||||
Capital lease obligations | 89 | 219 | 355 | 827 | ||||||||||||
Other debt obligations | 18 | 351 | 287 | 583 | ||||||||||||
Accretion of Palmarejo gold production royalty obligation | 4,023 | 4,384 | 12,192 | 15,047 | ||||||||||||
Amortization of debt issuance costs | 540 | 1,331 | 1,604 | 1,838 | ||||||||||||
Accretion of debt discount | — | 639 | 576 | 1,879 | ||||||||||||
Capitalized interest | (1,133 | ) | (512 | ) | (1,494 | ) | (2,206 | ) | ||||||||
Total interest expense, net of capitalized interest | $ | 9,662 | $ | 7,351 | $ | 30,324 | $ | 21,578 | ||||||||
Reclamation_and_Mine_Closure_T
Reclamation and Mine Closure (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Asset Retirement Obligation Disclosure [Abstract] | ' | |||||||||||||||
Asset Retirement Obligation | ' | |||||||||||||||
Changes to the Company’s asset retirement obligations for active mining sites are as follows (in thousands): | ||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
Asset retirement obligation - beginning | $ | 35,578 | $ | 34,510 | $ | 34,456 | $ | 32,714 | ||||||||
Accretion | 777 | 714 | 2,277 | 2,180 | ||||||||||||
Addition and changes in estimates | 19,542 | — | 19,542 | 335 | ||||||||||||
Settlements | (124 | ) | (13 | ) | (502 | ) | (18 | ) | ||||||||
Asset retirement obligation - ending | $ | 55,773 | $ | 35,211 | $ | 55,773 | $ | 35,211 | ||||||||
Income_Taxes_Tables
Income Taxes (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||||||||
Income tax provision from continuing operations | ' | |||||||||||||||
The following table summarizes the components of the Company’s income tax provision for the three and nine months ended September 30, 2013 and 2012 (in thousands): | ||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
United States | $ | 5,182 | $ | (465 | ) | $ | 1,905 | $ | (3,990 | ) | ||||||
Mexico | 1,886 | 5,409 | (17,585 | ) | (10,341 | ) | ||||||||||
Bolivia | (4,598 | ) | (23,106 | ) | (13,482 | ) | (41,684 | ) | ||||||||
Other jurisdictions | (489 | ) | 687 | (2,511 | ) | (758 | ) | |||||||||
Income tax provision from continuing operations | $ | 1,981 | $ | (17,475 | ) | $ | (31,673 | ) | $ | (56,773 | ) | |||||
ShareBased_Compensation_Plans_
Share-Based Compensation Plans (Tables) | 9 Months Ended | |||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||||||||||||||
Issuance of new grants | ' | |||||||||||||||||||||
The following table summarizes the new grants issued during the nine months ended September 30, 2013: | ||||||||||||||||||||||
Grant date | Restricted | Grant date fair | Stock options | Grant date | Performance | Grant date fair | ||||||||||||||||
stock | value of | fair value of | shares | value of | ||||||||||||||||||
restricted stock | stock | performance | ||||||||||||||||||||
options | shares | |||||||||||||||||||||
January 2, 2013 | 1,805 | $ | 25.2 | — | $ | — | — | $ | — | |||||||||||||
January 22, 2013 | 47,994 | $ | 23.9 | 77,715 | $ | 14.77 | 95,991 | $ | 27.41 | |||||||||||||
February 4, 2013 | 18,668 | $ | 22.63 | 17,692 | $ | 14 | 21,828 | $ | 25.96 | |||||||||||||
April 1, 2013 | 157,142 | $ | 18.51 | 73,290 | $ | 11.39 | 28,662 | $ | 21.23 | |||||||||||||
May 21, 2013 | 111,193 | $ | 13.66 | — | $ | — | — | $ | — | |||||||||||||
July 1, 2013 | 69,774 | $ | 12.72 | 16,157 | $ | 7.93 | 20,451 | $ | 14.59 | |||||||||||||
Summary of stock option and SAR's activity | ' | |||||||||||||||||||||
The following options and stock appreciation rights were exercised during the nine months ended September 30, 2013: | ||||||||||||||||||||||
Award Type | Number of | Weighted Average | Number of Exercisable Units | Weighted Average | ||||||||||||||||||
Exercised Units | Exercised Price | Exercisable Price | ||||||||||||||||||||
Options | 926 | $ | 20.8 | 252,713 | $ | 33.07 | ||||||||||||||||
Stock Appreciation Rights | 3,846 | $ | 15.4 | 65,019 | $ | 14.21 | ||||||||||||||||
Weighted average fair value of SAR's, performance units and RSU's outstanding | ' | |||||||||||||||||||||
The following shows the weighted average fair value of SARs outstanding at September 30, 2013: | ||||||||||||||||||||||
SARs | ||||||||||||||||||||||
Weighted average fair value | $ | 3.09 | ||||||||||||||||||||
Derivative_Financial_Instrumen1
Derivative Financial Instruments and Fair Value of Financial Instruments (Tables) | 9 Months Ended | |||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||||||||||||||
Derivative instruments Settlement | ' | |||||||||||||||||||
As of September 30, 2013, the Company had the following derivative instruments that settle in each of the years indicated in the table (in thousands except average prices, ounces and notional data): | ||||||||||||||||||||
2013 | 2014 | 2015 | Thereafter | |||||||||||||||||
Palmarejo gold production royalty | $ | 8,633 | $ | 24,895 | $ | 24,691 | $ | 19,236 | ||||||||||||
Average gold price in excess of minimum contractual deduction | $ | 502 | $ | 498 | $ | 494 | $ | 490 | ||||||||||||
Notional ounces | 17,201 | 50,004 | 50,004 | 39,285 | ||||||||||||||||
Mexican peso forward purchase contracts | $ | 12,000 | $ | 12,000 | $ | — | $ | — | ||||||||||||
Average rate (MXP/$) | $ | 12.9 | $ | 12.2 | $ | — | $ | — | ||||||||||||
Mexican peso notional amount | 154,816 | 146,460 | — | — | ||||||||||||||||
Mexican peso put options purchased | $ | — | $ | 24,000 | $ | — | $ | — | ||||||||||||
Average strike price (MXP/$) | $ | — | $ | 12.5 | $ | — | $ | — | ||||||||||||
Mexico peso notional amount | — | 300,000 | — | — | ||||||||||||||||
Mexican peso call options sold | $ | — | $ | 24,000 | $ | — | $ | — | ||||||||||||
Average strike price (MXP/$) | $ | — | $ | 15.06 | $ | — | $ | — | ||||||||||||
Mexico peso notional amount | — | 361,500 | — | — | ||||||||||||||||
Silver concentrate sales agreements | $ | 2,326 | $ | — | $ | — | $ | — | ||||||||||||
Average silver price | $ | 22.82 | $ | — | $ | — | $ | — | ||||||||||||
Notional ounces | 101,908 | — | — | — | ||||||||||||||||
Gold concentrate sales agreements | $ | 30,123 | $ | — | $ | — | $ | — | ||||||||||||
Average gold price | $ | 1,147 | $ | — | $ | — | $ | — | ||||||||||||
Notional ounces | 26,265 | — | — | — | ||||||||||||||||
Gold put options purchased | $ | 382 | $ | — | $ | — | $ | — | ||||||||||||
Average gold strike price | $ | 1,200 | $ | — | $ | — | $ | — | ||||||||||||
Notional ounces | 25,000 | — | — | — | ||||||||||||||||
Silver put options purchased | $ | 186 | $ | — | $ | — | $ | — | ||||||||||||
Average silver strike price | $ | 17 | $ | — | $ | — | $ | — | ||||||||||||
Notional ounces | 1,250,000 | — | — | — | ||||||||||||||||
Fair value of the derivative instruments | ' | |||||||||||||||||||
The following summarizes the classification of the fair value of the derivative instruments as of September 30, 2013 and December 31, 2012 (in thousands): | ||||||||||||||||||||
September 30, 2013 | ||||||||||||||||||||
Prepaid | Accrued | Current | Non-current | |||||||||||||||||
expenses and | liabilities and | portion of | portion of | |||||||||||||||||
other | other | royalty | royalty | |||||||||||||||||
obligation | obligation | |||||||||||||||||||
Foreign exchange contracts Peso | $ | 9 | $ | 1,355 | $ | — | $ | — | ||||||||||||
Palmarejo gold production royalty | — | — | 22,590 | 39,406 | ||||||||||||||||
Gold and silver put options | 160 | — | — | — | ||||||||||||||||
Concentrate sales contracts | 42 | 766 | — | — | ||||||||||||||||
$ | 211 | $ | 2,121 | $ | 22,590 | $ | 39,406 | |||||||||||||
December 31, 2012 | ||||||||||||||||||||
Prepaid | Accrued | Other long- | Current | Non-current | ||||||||||||||||
expenses and | liabilities and | term | portion of | portion of | ||||||||||||||||
other | other | Liabilities | royalty | royalty | ||||||||||||||||
obligation | obligation | |||||||||||||||||||
Foreign exchange contracts Peso | $ | 376 | $ | 300 | $ | — | $ | — | $ | — | ||||||||||
Palmarejo gold production royalty | — | — | — | 41,146 | 103,952 | |||||||||||||||
Put and call options, net | — | 2,025 | 7,274 | — | — | |||||||||||||||
Concentrate sales contracts | 1,030 | 163 | — | — | — | |||||||||||||||
$ | 1,406 | $ | 2,488 | $ | 7,274 | $ | 41,146 | $ | 103,952 | |||||||||||
Gain losses on derivative instruments | ' | |||||||||||||||||||
The following represent mark-to-market gains (losses) on derivative instruments for the three and nine months ended September 30, 2013 and 2012 (in thousands): | ||||||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||||||
Financial statement line | Derivative | 2013 | 2012 | 2013 | 2012 | |||||||||||||||
Sales of metal | Concentrate sales contracts | $ | 718 | $ | 1,591 | $ | (2,037 | ) | $ | 2,050 | ||||||||||
Production costs applicable to sales | Forward foreign exchange contracts | (99 | ) | 394 | 732 | (1,540 | ) | |||||||||||||
Fair value adjustments, net | Foreign exchange contracts MXN Peso | 100 | 621 | (1,422 | ) | 3,394 | ||||||||||||||
Fair value adjustments, net | Silver ounces receivable | — | 280 | — | 302 | |||||||||||||||
Fair value adjustments, net | Palmarejo gold royalty | (15,279 | ) | (34,266 | ) | 60,216 | (45,771 | ) | ||||||||||||
Fair value adjustments, net | Put and call options | (3,104 | ) | (4,283 | ) | 7,474 | (2,647 | ) | ||||||||||||
$ | (17,664 | ) | $ | (35,663 | ) | $ | 64,963 | $ | (44,212 | ) | ||||||||||
Significant_Customers_Tables
Significant Customers (Tables) | 9 Months Ended | ||||||||||
Sep. 30, 2013 | |||||||||||
Significant Customers [Abstract] | ' | ||||||||||
Schedule of Significant Customers | ' | ||||||||||
The following table indicates customers that represent 10% or more of total sales of metal for the three months ended September 30, 2013 and 2012 (in millions): | |||||||||||
Three months ended September 30, | |||||||||||
Customer | 2013 | 2012 | Segments reporting sales of metal | ||||||||
International Commodities | $ | 41.5 | $ | 10.8 | Palmarejo, Rochester | ||||||
Mitsui | $ | 29.4 | $ | 14.2 | Palmarejo, Rochester | ||||||
TD Bank Group | $ | 28.9 | $ | 19.4 | Palmarejo, Rochester | ||||||
Auramet | $ | 28.5 | $ | 32 | Rochester, Kensington | ||||||
Valcambi | $ | 22.5 | $ | 112.7 | Palmarejo, San Bartolomé | ||||||
China National Gold | $ | 21.3 | $ | 9.6 | Kensington | ||||||
The following table indicates customers that represent 10% or more of total sales of metal for the nine months ended September 30, 2013 and 2012 (in millions): | |||||||||||
Nine months ended September 30, | |||||||||||
Customer | 2013 | 2012 | Segments reporting sales of metal | ||||||||
Auramet | $ | 97.4 | $ | 65.5 | Palmarejo, San Bartolomé, Kensington | ||||||
International Commodities | $ | 82 | $ | 34.7 | Palmarejo, San Bartolomé, Rochester | ||||||
TD Bank Group | $ | 78.1 | $ | 44.6 | Palmarejo, Rochester | ||||||
Valcambi | $ | 61.9 | $ | 368.9 | Palmarejo, San Bartolomé | ||||||
Segment_Reporting_Tables
Segment Reporting (Tables) | 9 Months Ended | |||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||||||||||||||||||||||
Financial information relating to the reporting segments | ' | |||||||||||||||||||||||||||||||||||
Financial information relating to the Company’s segments is as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
Three months ended September 30, 2013 | Palmarejo | San Bartolomé | Kensington | Rochester | Martha | Endeavor | La Preciosa | Other | Total | |||||||||||||||||||||||||||
Mine | Mine | Mine | Mine | Mine | Mine | |||||||||||||||||||||||||||||||
Sales of metals | $ | 104,524 | $ | 28,819 | $ | 38,927 | $ | 24,259 | $ | — | $ | 4,296 | $ | — | $ | — | $ | 200,825 | ||||||||||||||||||
Production costs applicable to sales | (66,839 | ) | (17,673 | ) | (27,484 | ) | (17,861 | ) | — | (1,871 | ) | — | — | (131,728 | ) | |||||||||||||||||||||
Depreciation and depletion | (33,654 | ) | (4,909 | ) | (18,190 | ) | (2,860 | ) | (108 | ) | (894 | ) | (11 | ) | (248 | ) | (60,874 | ) | ||||||||||||||||||
Gross profit | 4,031 | 6,237 | (6,747 | ) | 3,538 | (108 | ) | 1,531 | (11 | ) | (248 | ) | 8,223 | |||||||||||||||||||||||
Exploration expense | 860 | (3 | ) | 1,496 | 624 | 282 | — | (671 | ) | 717 | 3,305 | |||||||||||||||||||||||||
Other operating expenses | — | 1,969 | (6 | ) | 173 | 738 | — | 1,888 | 15,433 | 20,195 | ||||||||||||||||||||||||||
OPERATING INCOME / LOSS | 3,171 | 4,271 | (8,237 | ) | 2,741 | (1,128 | ) | 1,531 | (1,228 | ) | (16,398 | ) | (15,277 | ) | ||||||||||||||||||||||
Interest and other income, net | (2,281 | ) | 582 | — | 60 | (595 | ) | — | 19 | (446 | ) | (2,661 | ) | |||||||||||||||||||||||
Interest expense, net | (2,925 | ) | (12 | ) | (51 | ) | (5 | ) | — | — | — | (6,669 | ) | (9,662 | ) | |||||||||||||||||||||
Fair value adjustments, net | (15,260 | ) | — | (2,952 | ) | (2,363 | ) | — | — | — | (71 | ) | (20,646 | ) | ||||||||||||||||||||||
Income tax expense | 1,564 | (4,648 | ) | — | — | 5 | — | — | 5,060 | 1,981 | ||||||||||||||||||||||||||
Net income (loss) | $ | (15,731 | ) | $ | 193 | $ | (11,240 | ) | $ | 433 | $ | (1,718 | ) | $ | 1,531 | $ | (1,209 | ) | $ | (18,524 | ) | $ | (46,265 | ) | ||||||||||||
Segment assets (A) | $ | 1,825,599 | $ | 289,274 | $ | 481,613 | $ | 161,993 | $ | 6,146 | $ | 27,938 | $ | 410,085 | $ | 109,520 | $ | 3,312,168 | ||||||||||||||||||
Capital expenditures (B) | $ | 10,290 | $ | 4,166 | $ | 4,934 | $ | 12,267 | $ | — | $ | — | $ | 358 | $ | 711 | $ | 32,726 | ||||||||||||||||||
Three months ended September 30, 2012 | Palmarejo | San Bartolomé | Kensington | Rochester | Martha | Endeavor | La Preciosa | Other | Total | |||||||||||||||||||||||||||
Mine | Mine | Mine | Mine | Mine | Mine | |||||||||||||||||||||||||||||||
Sales of metals | $ | 102,642 | $ | 46,192 | $ | 36,450 | $ | 36,244 | $ | 4,933 | $ | 4,132 | $ | — | $ | — | $ | 230,593 | ||||||||||||||||||
Production costs applicable to sales | (48,672 | ) | (19,937 | ) | (26,881 | ) | (21,014 | ) | (6,481 | ) | (1,982 | ) | — | — | (124,967 | ) | ||||||||||||||||||||
Depreciation and depletion | (34,007 | ) | (4,163 | ) | (11,512 | ) | (2,061 | ) | (32 | ) | (898 | ) | — | (171 | ) | (52,844 | ) | |||||||||||||||||||
Gross profit | 19,963 | 22,092 | (1,943 | ) | 13,169 | (1,580 | ) | 1,252 | — | (171 | ) | 52,782 | ||||||||||||||||||||||||
Exploration expense | 2,288 | 50 | 1,476 | 1,158 | 1,217 | — | — | 768 | 6,957 | |||||||||||||||||||||||||||
Loss on impairment | — | — | — | — | 1,293 | — | — | — | 1,293 | |||||||||||||||||||||||||||
Other operating expenses | — | 50 | 39 | 1,109 | 133 | — | — | 9,212 | 10,543 | |||||||||||||||||||||||||||
OPERATING INCOME / LOSS | 17,675 | 21,992 | (3,458 | ) | 10,902 | (4,223 | ) | 1,252 | — | (10,151 | ) | 33,989 | ||||||||||||||||||||||||
Interest and other income, net | 4,914 | 8,353 | — | 59 | (342 | ) | — | — | (320 | ) | 12,664 | |||||||||||||||||||||||||
Interest expense | (4,401 | ) | (11 | ) | (1,834 | ) | (6 | ) | (2 | ) | — | — | (1,097 | ) | (7,351 | ) | ||||||||||||||||||||
Fair value adjustments, net | (34,266 | ) | — | (4,283 | ) | — | — | — | — | 901 | (37,648 | ) | ||||||||||||||||||||||||
Income tax benefit (expense) | 5,495 | (23,106 | ) | — | — | 1,233 | (202 | ) | — | (895 | ) | (17,475 | ) | |||||||||||||||||||||||
Net income (loss) | $ | (10,583 | ) | $ | 7,228 | $ | (9,575 | ) | $ | 10,955 | $ | (3,334 | ) | $ | 1,050 | $ | — | $ | (11,562 | ) | $ | (15,821 | ) | |||||||||||||
Segment assets (A) | $ | 1,926,695 | $ | 299,041 | $ | 520,619 | $ | 104,066 | $ | 11,339 | $ | 32,619 | $ | — | $ | 18,613 | $ | 2,912,992 | ||||||||||||||||||
Capital expenditures (B) | $ | 11,321 | $ | 4,406 | $ | 9,034 | $ | 4,777 | $ | 6 | $ | — | $ | — | $ | 428 | $ | 29,972 | ||||||||||||||||||
Nine months ended | Palmarejo | San Bartolomé | Kensington | Rochester | Martha | Endeavor | La Preciosa | Other | Total | |||||||||||||||||||||||||||
30-Sep-13 | Mine | Mine | Mine | Mine | Mine | Mine | ||||||||||||||||||||||||||||||
Sales of metals | $ | 248,167 | $ | 111,196 | $ | 109,053 | $ | 98,636 | $ | (662 | ) | $ | 10,757 | $ | — | $ | — | $ | 577,147 | |||||||||||||||||
Production costs applicable to sales | (148,776 | ) | (66,165 | ) | (81,203 | ) | (62,418 | ) | — | (4,874 | ) | — | (1 | ) | (363,437 | ) | ||||||||||||||||||||
Depreciation and depletion | (98,161 | ) | (14,606 | ) | (44,837 | ) | (7,365 | ) | (338 | ) | (2,938 | ) | (12 | ) | (706 | ) | (168,963 | ) | ||||||||||||||||||
Gross profit | 1,230 | 30,425 | (16,987 | ) | 28,853 | (1,000 | ) | 2,945 | (12 | ) | (707 | ) | 44,747 | |||||||||||||||||||||||
Exploration expense | 6,029 | 76 | 2,732 | 1,621 | 4,460 | — | 19 | 1,983 | 16,920 | |||||||||||||||||||||||||||
Loss on impairment | — | — | — | — | 205 | — | — | — | 205 | |||||||||||||||||||||||||||
Other operating expenses | — | 5,691 | 204 | 34,494 | 2,643 | — | 1,888 | 38,032 | 82,952 | |||||||||||||||||||||||||||
OPERATING INCOME / LOSS | (4,799 | ) | 24,658 | (19,923 | ) | (7,262 | ) | (8,308 | ) | 2,945 | (1,919 | ) | (40,722 | ) | (55,330 | ) | ||||||||||||||||||||
Interest and other income, net | (768 | ) | 1,871 | 281 | 117 | 166 | — | 8 | (17,288 | ) | (15,613 | ) | ||||||||||||||||||||||||
Interest expense, net | (10,853 | ) | (59 | ) | (405 | ) | (16 | ) | — | — | — | (18,991 | ) | (30,324 | ) | |||||||||||||||||||||
Fair value adjustments, net | 60,234 | — | 7,626 | (2,363 | ) | — | — | — | (1,592 | ) | 63,905 | |||||||||||||||||||||||||
Income tax expense | (17,383 | ) | (13,482 | ) | (1 | ) | — | (38 | ) | — | — | (769 | ) | (31,673 | ) | |||||||||||||||||||||
Net income (loss) | $ | 26,431 | $ | 12,988 | $ | (12,422 | ) | $ | (9,524 | ) | $ | (8,180 | ) | $ | 2,945 | $ | (1,911 | ) | $ | (79,362 | ) | $ | (69,035 | ) | ||||||||||||
Segment assets (A) | $ | 1,825,599 | $ | 289,274 | $ | 481,613 | $ | 161,993 | $ | 6,146 | $ | 27,938 | $ | 410,085 | $ | 109,520 | $ | 3,312,168 | ||||||||||||||||||
Capital expenditures (B) | $ | 24,770 | $ | 7,782 | $ | 15,670 | $ | 22,161 | $ | 10 | $ | — | $ | 1,093 | $ | 1,268 | $ | 72,754 | ||||||||||||||||||
Nine months ended | Palmarejo | San Bartolomé | Kensington | Rochester | Martha | Endeavor | La Preciosa | Other | Total | |||||||||||||||||||||||||||
30-Sep-12 | Mine | Mine | Mine | Mine | Mine | Mine | ||||||||||||||||||||||||||||||
Sales of metals | $ | 362,729 | $ | 140,951 | $ | 67,950 | $ | 89,156 | $ | 12,700 | $ | 16,077 | $ | — | $ | — | $ | 689,563 | ||||||||||||||||||
Production costs applicable to sales | (157,070 | ) | (56,317 | ) | (60,078 | ) | (51,331 | ) | (17,276 | ) | (7,272 | ) | — | — | (349,344 | ) | ||||||||||||||||||||
Depreciation and depletion | (114,525 | ) | (12,452 | ) | (27,836 | ) | (5,763 | ) | (1,332 | ) | (4,134 | ) | — | (418 | ) | (166,460 | ) | |||||||||||||||||||
Gross profit | 91,134 | 72,182 | (19,964 | ) | 32,062 | (5,908 | ) | 4,671 | — | (418 | ) | 173,759 | ||||||||||||||||||||||||
Exploration expense | 5,232 | 51 | 1,971 | 3,003 | 7,391 | — | — | 2,181 | 19,829 | |||||||||||||||||||||||||||
Loss on impairment | — | — | — | — | 6,106 | — | — | — | 6,106 | |||||||||||||||||||||||||||
Other operating expenses | — | 80 | 75 | 3,142 | 411 | — | — | 24,366 | 28,074 | |||||||||||||||||||||||||||
OPERATING INCOME / LOSS | 85,902 | 72,051 | (22,010 | ) | 25,917 | (19,816 | ) | 4,671 | — | (26,965 | ) | 119,750 | ||||||||||||||||||||||||
Interest and other income, net | 4,774 | 9,079 | 1 | 347 | (912 | ) | — | — | 1,161 | 14,450 | ||||||||||||||||||||||||||
Interest expense, net | (14,883 | ) | (47 | ) | (3,627 | ) | (21 | ) | (3 | ) | — | — | (2,997 | ) | (21,578 | ) | ||||||||||||||||||||
Fair value adjustments, net | (45,771 | ) | — | (2,647 | ) | — | — | — | — | 3,696 | (44,722 | ) | ||||||||||||||||||||||||
Income tax expense | (10,015 | ) | (41,684 | ) | — | — | 993 | (202 | ) | — | (5,865 | ) | (56,773 | ) | ||||||||||||||||||||||
Net income (loss) | $ | 20,007 | $ | 39,399 | $ | (28,283 | ) | $ | 26,243 | $ | (19,738 | ) | $ | 4,469 | $ | — | $ | (30,970 | ) | $ | 11,127 | |||||||||||||||
Segment assets (A) | $ | 1,926,695 | $ | 299,041 | $ | 520,619 | $ | 104,066 | $ | 11,339 | $ | 32,619 | $ | — | $ | 18,613 | $ | 2,912,992 | ||||||||||||||||||
Capital expenditures (B) | $ | 29,665 | $ | 22,413 | $ | 29,235 | $ | 10,362 | $ | 1,194 | $ | — | $ | — | $ | 988 | $ | 93,857 | ||||||||||||||||||
(A) Segment assets consist of receivables, prepaids, inventories, property, plant, and equipment, and mining properties | ||||||||||||||||||||||||||||||||||||
(B) Capital expenditures are presented on a cash basis | ||||||||||||||||||||||||||||||||||||
Consolidated Assets | ' | |||||||||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | |||||||||||||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||||||||||||||
Total assets for reportable segments | $ | 3,312,168 | $ | 2,974,056 | ||||||||||||||||||||||||||||||||
Cash and cash equivalents | 211,434 | 125,440 | ||||||||||||||||||||||||||||||||||
Short term investments | — | 999 | ||||||||||||||||||||||||||||||||||
Other assets | 113,315 | 120,906 | ||||||||||||||||||||||||||||||||||
Total consolidated assets | $ | 3,636,917 | $ | 3,221,401 | ||||||||||||||||||||||||||||||||
Long Lived Assets by Country | ' | |||||||||||||||||||||||||||||||||||
Geographic Information | ||||||||||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | |||||||||||||||||||||||||||||||||||
Long Lived Assets: | ||||||||||||||||||||||||||||||||||||
United States | $ | 525,573 | $ | 514,687 | ||||||||||||||||||||||||||||||||
Australia | 26,469 | 29,408 | ||||||||||||||||||||||||||||||||||
Argentina | 94,844 | 95,134 | ||||||||||||||||||||||||||||||||||
Bolivia | 235,059 | 240,905 | ||||||||||||||||||||||||||||||||||
Mexico | 2,133,645 | 1,795,677 | ||||||||||||||||||||||||||||||||||
Total | $ | 3,015,590 | $ | 2,675,811 | ||||||||||||||||||||||||||||||||
Revenue by Country | ' | |||||||||||||||||||||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||||||||||
Revenues: | ||||||||||||||||||||||||||||||||||||
United States | $ | 63,186 | $ | 72,694 | $ | 207,689 | $ | 157,106 | ||||||||||||||||||||||||||||
Mexico | 104,524 | 102,642 | 248,167 | 362,729 | ||||||||||||||||||||||||||||||||
Bolivia | 28,819 | 46,192 | 111,196 | 140,951 | ||||||||||||||||||||||||||||||||
Australia | 4,296 | 4,132 | 10,757 | 16,077 | ||||||||||||||||||||||||||||||||
Argentina | — | 4,933 | (662 | ) | 12,700 | |||||||||||||||||||||||||||||||
Total | $ | 200,825 | $ | 230,593 | $ | 577,147 | $ | 689,563 | ||||||||||||||||||||||||||||
Supplemental_Guarantor_Informa1
Supplemental Guarantor Information (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | ||||||||||||||||||||
Schedule of Condensed Financial Statements | ' | ||||||||||||||||||||
CONDENSED CONSOLIDATING BALANCE SHEET | |||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
ASSETS | |||||||||||||||||||||
CURRENT ASSETS | |||||||||||||||||||||
Cash and cash equivalents | $ | 131,811 | $ | 399 | $ | 79,224 | $ | — | $ | 211,434 | |||||||||||
Investments | — | — | — | — | — | ||||||||||||||||
Receivables | 353 | 16,517 | 57,547 | — | 74,417 | ||||||||||||||||
Ore on leach pad | — | 39,880 | — | — | 39,880 | ||||||||||||||||
Metal and other inventory | — | 31,511 | 92,026 | — | 123,537 | ||||||||||||||||
Deferred tax assets | — | — | 2,713 | — | 2,713 | ||||||||||||||||
Restricted assets | — | — | 2,015 | — | 2,015 | ||||||||||||||||
Prepaid expenses and other | 6,682 | 6,036 | 14,060 | — | 26,778 | ||||||||||||||||
138,846 | 94,343 | 247,585 | — | 480,774 | |||||||||||||||||
NON-CURRENT ASSETS | |||||||||||||||||||||
Property, plant and equipment, net | 6,085 | 195,966 | 447,540 | — | 649,591 | ||||||||||||||||
Mining properties, net | — | 323,060 | 2,042,939 | — | 2,365,999 | ||||||||||||||||
Ore on leach pad | — | 31,966 | — | — | 31,966 | ||||||||||||||||
Restricted assets | 18,695 | 60 | 6,159 | — | 24,914 | ||||||||||||||||
Marketable securities | 17,616 | — | — | — | 17,616 | ||||||||||||||||
Receivables | — | — | 37,191 | — | 37,191 | ||||||||||||||||
Debt issuance costs, net | 11,351 | — | — | — | 11,351 | ||||||||||||||||
Deferred tax assets | 955 | — | 149 | — | 1,104 | ||||||||||||||||
Net investment in subsidiaries | 1,852,147 | — | 1,578,799 | (3,430,946 | ) | — | |||||||||||||||
Other | 53,194 | 12,232 | 320,407 | (369,422 | ) | 16,411 | |||||||||||||||
TOTAL ASSETS | $ | 2,098,889 | $ | 657,627 | $ | 4,680,769 | $ | (3,800,368 | ) | $ | 3,636,917 | ||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||||||||||
CURRENT LIABILITIES | |||||||||||||||||||||
Accounts payable | $ | 5,287 | $ | 18,755 | $ | 39,568 | $ | — | $ | 63,610 | |||||||||||
Accrued liabilities and other | 2,335 | 864 | 6,390 | — | 9,589 | ||||||||||||||||
Accrued income taxes | 34 | — | 8,495 | — | 8,529 | ||||||||||||||||
Accrued payroll and related benefits | 4,934 | 6,465 | 7,896 | — | 19,295 | ||||||||||||||||
Accrued interest payable | 4,012 | 4 | 1,050 | (1,038 | ) | 4,028 | |||||||||||||||
Debt and capital leases | — | 1,784 | 306,734 | (304,650 | ) | 3,868 | |||||||||||||||
Royalty obligations | — | 2,428 | 46,641 | — | 49,069 | ||||||||||||||||
Reclamation and mine closure | — | — | 947 | (504 | ) | 443 | |||||||||||||||
Deferred tax liabilities | — | — | 121 | — | 121 | ||||||||||||||||
16,602 | 30,300 | 417,842 | (306,192 | ) | 158,552 | ||||||||||||||||
NON-CURRENT LIABILITIES | |||||||||||||||||||||
Debt and capital leases | 305,334 | 283 | 64,487 | (63,732 | ) | 306,372 | |||||||||||||||
Royalty obligations | — | 21,981 | 68,911 | — | 90,892 | ||||||||||||||||
Reclamation and mine closure | — | 43,993 | 11,375 | 504 | 55,872 | ||||||||||||||||
Deferred tax liabilities | 113,130 | — | 596,780 | — | 709,910 | ||||||||||||||||
Other long-term liabilities | 2,299 | 329 | 20,743 | — | 23,371 | ||||||||||||||||
Intercompany payable (receivable) | (630,424 | ) | 412,112 | 218,312 | — | — | |||||||||||||||
(209,661 | ) | 478,698 | 980,608 | (63,228 | ) | 1,186,417 | |||||||||||||||
STOCKHOLDERS’ EQUITY | |||||||||||||||||||||
Common stock | 1,006 | 350 | 122,826 | (123,176 | ) | 1,006 | |||||||||||||||
Additional paid-in capital | 2,756,377 | 107,734 | 3,235,571 | (3,343,305 | ) | 2,756,377 | |||||||||||||||
Accumulated deficit | (465,191 | ) | 40,545 | (76,078 | ) | 35,533 | (465,191 | ) | |||||||||||||
Accumulated other comprehensive loss | (244 | ) | — | — | — | (244 | ) | ||||||||||||||
2,291,948 | 148,629 | 3,282,319 | (3,430,948 | ) | 2,291,948 | ||||||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 2,098,889 | $ | 657,627 | $ | 4,680,769 | $ | (3,800,368 | ) | $ | 3,636,917 | ||||||||||
CONDENSED CONSOLIDATING BALANCE SHEET | |||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
ASSETS | (In thousands, except share data) | ||||||||||||||||||||
CURRENT ASSETS | |||||||||||||||||||||
Cash and cash equivalents | $ | 86,788 | $ | 400 | $ | 38,252 | $ | — | $ | 125,440 | |||||||||||
Investments | 999 | — | — | — | 999 | ||||||||||||||||
Receivables | 8,520 | 7,643 | 46,275 | — | 62,438 | ||||||||||||||||
Ore on leach pad | — | 22,991 | — | — | 22,991 | ||||||||||||||||
Metal and other inventory | — | 45,906 | 124,764 | — | 170,670 | ||||||||||||||||
Deferred tax assets | — | — | 2,458 | — | 2,458 | ||||||||||||||||
Restricted assets | — | — | 396 | — | 396 | ||||||||||||||||
Prepaid expenses and other | 3,395 | 5,947 | 11,448 | — | 20,790 | ||||||||||||||||
99,702 | 82,887 | 223,593 | — | 406,182 | |||||||||||||||||
NON-CURRENT ASSETS | |||||||||||||||||||||
Property, plant and equipment, net | 4,183 | 208,857 | 470,962 | — | 684,002 | ||||||||||||||||
Mining properties, net | — | 301,506 | 1,690,303 | — | 1,991,809 | ||||||||||||||||
Ore on leach pad | — | 21,356 | — | — | 21,356 | ||||||||||||||||
Restricted assets | 18,922 | 60 | 5,988 | — | 24,970 | ||||||||||||||||
Marketable securities | 27,065 | — | — | — | 27,065 | ||||||||||||||||
Receivables | — | — | 48,767 | — | 48,767 | ||||||||||||||||
Debt issuance costs, net | 3,713 | — | — | — | 3,713 | ||||||||||||||||
Deferred tax assets | 955 | — | — | — | 955 | ||||||||||||||||
Net investment in subsidiaries | 1,553,434 | — | 1,285,862 | (2,839,296 | ) | — | |||||||||||||||
Other | 39,120 | 12,360 | 318,330 | (357,228 | ) | 12,582 | |||||||||||||||
TOTAL ASSETS | $ | 1,747,094 | $ | 627,026 | $ | 4,043,805 | $ | (3,196,524 | ) | $ | 3,221,401 | ||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||||||||||
CURRENT LIABILITIES | |||||||||||||||||||||
Accounts payable | $ | 2,954 | $ | 17,211 | $ | 37,317 | $ | — | $ | 57,482 | |||||||||||
Accrued liabilities and other | 1,418 | 4,014 | 4,570 | — | 10,002 | ||||||||||||||||
Accrued income taxes | 257 | — | 26,851 | — | 27,108 | ||||||||||||||||
Accrued payroll and related benefits | 7,477 | 8,158 | 5,671 | — | 21,306 | ||||||||||||||||
Accrued interest payable | 463 | 5 | 1,002 | (992 | ) | 478 | |||||||||||||||
Debt and capital leases | 48,081 | 3,013 | 309,539 | (304,650 | ) | 55,983 | |||||||||||||||
Royalty obligations | — | — | 65,104 | — | 65,104 | ||||||||||||||||
Reclamation and mine closure | — | — | 1,445 | (777 | ) | 668 | |||||||||||||||
Deferred tax liabilities | — | — | 121 | — | 121 | ||||||||||||||||
60,650 | 32,401 | 451,620 | (306,419 | ) | 238,252 | ||||||||||||||||
NON-CURRENT LIABILITIES | |||||||||||||||||||||
Debt and capital leases | — | 1,675 | 53,367 | (51,582 | ) | 3,460 | |||||||||||||||
Royalty obligations | — | — | 141,879 | — | 141,879 | ||||||||||||||||
Reclamation and mine closure | — | 23,149 | 10,744 | 777 | 34,670 | ||||||||||||||||
Deferred tax liabilities | 115,425 | — | 462,063 | — | 577,488 | ||||||||||||||||
Other long-term liabilities | 955 | 8,086 | 18,331 | — | 27,372 | ||||||||||||||||
Intercompany payable (receivable) | (628,216 | ) | 390,480 | 237,736 | — | — | |||||||||||||||
(511,836 | ) | 423,390 | 924,120 | (50,805 | ) | 784,869 | |||||||||||||||
STOCKHOLDERS’ EQUITY | |||||||||||||||||||||
Common stock | 903 | 350 | 22,760 | (23,110 | ) | 903 | |||||||||||||||
Additional paid-in capital | 2,601,254 | 107,734 | 2,748,173 | (2,855,907 | ) | 2,601,254 | |||||||||||||||
Accumulated deficit | (396,156 | ) | 63,151 | (102,868 | ) | 39,717 | (396,156 | ) | |||||||||||||
Accumulated other comprehensive loss | (7,721 | ) | — | — | — | (7,721 | ) | ||||||||||||||
2,198,280 | 171,235 | 2,668,065 | (2,839,300 | ) | 2,198,280 | ||||||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 1,747,094 | $ | 627,026 | $ | 4,043,805 | $ | (3,196,524 | ) | $ | 3,221,401 | ||||||||||
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS | |||||||||||||||||||||
THREE MONTHS ENDED SEPTEMBER 30, 2013 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
Sales of metal | $ | — | $ | 63,187 | $ | 137,638 | $ | — | $ | 200,825 | |||||||||||
Production costs applicable to sales | — | (45,346 | ) | (86,382 | ) | — | (131,728 | ) | |||||||||||||
Depreciation, depletion and amortization | (244 | ) | (21,054 | ) | (39,576 | ) | — | (60,874 | ) | ||||||||||||
Gross profit | (244 | ) | (3,213 | ) | 11,680 | — | 8,223 | ||||||||||||||
COSTS AND EXPENSES | |||||||||||||||||||||
General and administrative | 15,622 | (143 | ) | 761 | — | 16,240 | |||||||||||||||
Exploration | 506 | 2,305 | 494 | — | 3,305 | ||||||||||||||||
Litigation settlement | — | — | — | — | — | ||||||||||||||||
Loss on impairment and other | — | — | — | — | — | ||||||||||||||||
Pre-development, care, maintenance and other | — | 159 | 3,796 | — | 3,955 | ||||||||||||||||
Total costs and expenses | 16,128 | 2,321 | 5,051 | — | 23,500 | ||||||||||||||||
OPERATING INCOME (LOSS) | (16,372 | ) | (5,534 | ) | 6,629 | — | (15,277 | ) | |||||||||||||
OTHER INCOME AND EXPENSE | |||||||||||||||||||||
Fair value adjustments, net | (71 | ) | (5,315 | ) | (15,260 | ) | — | (20,646 | ) | ||||||||||||
Other than temporary impairment of marketable securities | (870 | ) | — | — | — | (870 | ) | ||||||||||||||
Interest income and other, net | 784 | 87 | (1,912 | ) | (750 | ) | (1,791 | ) | |||||||||||||
Interest expense, net of capitalized interest | (6,665 | ) | (56 | ) | (3,691 | ) | 750 | (9,662 | ) | ||||||||||||
Total other income and expense, net | (6,822 | ) | (5,284 | ) | (20,863 | ) | — | (32,969 | ) | ||||||||||||
Income (loss) before income taxes | (23,194 | ) | (10,818 | ) | (14,234 | ) | — | (48,246 | ) | ||||||||||||
Income tax provision | 5,613 | (152 | ) | (3,480 | ) | — | 1,981 | ||||||||||||||
Total income (loss) after taxes | (17,581 | ) | (10,970 | ) | (17,714 | ) | — | (46,265 | ) | ||||||||||||
Equity income (loss) in consolidated subsidiaries | (28,684 | ) | — | — | 28,684 | — | |||||||||||||||
NET INCOME (LOSS) | $ | (46,265 | ) | $ | (10,970 | ) | $ | (17,714 | ) | $ | 28,684 | $ | (46,265 | ) | |||||||
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) | |||||||||||||||||||||
THREE MONTHS ENDED SEPTEMBER 30, 2013 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
Net income (loss) | $ | (46,265 | ) | $ | (10,970 | ) | $ | (17,714 | ) | $ | 28,684 | $ | (46,265 | ) | |||||||
OTHER COMPREHENSIVE INCOME (LOSS) net of tax: | |||||||||||||||||||||
Unrealized gain (loss) on available for sale securities | 301 | — | — | — | $ | 301 | |||||||||||||||
Reclassification adjustments for losses included in net income(A) | 1,006 | — | — | — | $ | 1,006 | |||||||||||||||
Other comprehensive income | 1,307 | — | — | — | 1,307 | ||||||||||||||||
COMPREHENSIVE INCOME (LOSS) | $ | (44,958 | ) | $ | (10,970 | ) | $ | (17,714 | ) | $ | 28,684 | $ | (44,958 | ) | |||||||
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS | |||||||||||||||||||||
THREE MONTHS ENDED SEPTEMBER 30, 2012 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
Sales of metal | $ | — | $ | 72,695 | $ | 157,898 | $ | — | $ | 230,593 | |||||||||||
Production costs applicable to sales | — | (47,896 | ) | (77,071 | ) | — | (124,967 | ) | |||||||||||||
Depreciation, depletion and amortization | (134 | ) | (13,609 | ) | (39,101 | ) | — | (52,844 | ) | ||||||||||||
Gross profit | (134 | ) | 11,190 | 41,726 | — | 52,782 | |||||||||||||||
COSTS AND EXPENSES | |||||||||||||||||||||
General and administrative | 9,097 | 871 | 298 | — | 10,266 | ||||||||||||||||
Exploration | 462 | 2,940 | 3,555 | — | 6,957 | ||||||||||||||||
Loss on impairment and other | — | — | 1,293 | — | 1,293 | ||||||||||||||||
Pre-development, care, maintenance and other | — | 277 | — | — | 277 | ||||||||||||||||
Total costs and expenses | 9,559 | 4,088 | 5,146 | — | 18,793 | ||||||||||||||||
OPERATING INCOME (LOSS) | (9,693 | ) | 7,102 | 36,580 | — | 33,989 | |||||||||||||||
OTHER INCOME AND EXPENSE | |||||||||||||||||||||
Fair value adjustments, net | 901 | (4,283 | ) | (34,266 | ) | — | (37,648 | ) | |||||||||||||
Other than temporary impairment of marketable securities | (605 | ) | — | — | — | (605 | ) | ||||||||||||||
Interest income and other, net | 1,133 | 86 | 13,018 | (968 | ) | 13,269 | |||||||||||||||
Interest expense, net of capitalized interest | (1,097 | ) | (1,840 | ) | (5,382 | ) | 968 | (7,351 | ) | ||||||||||||
Total other income and expense, net | 332 | (6,037 | ) | (26,630 | ) | — | (32,335 | ) | |||||||||||||
Income (loss) before income taxes | (9,361 | ) | 1,065 | 9,950 | — | 1,654 | |||||||||||||||
Income tax provision | (465 | ) | — | (17,010 | ) | — | (17,475 | ) | |||||||||||||
Total income (loss) after taxes | (9,826 | ) | 1,065 | (7,060 | ) | — | (15,821 | ) | |||||||||||||
Equity income (loss) in consolidated subsidiaries | (5,995 | ) | — | — | 5,995 | — | |||||||||||||||
NET INCOME (LOSS) | $ | (15,821 | ) | $ | 1,065 | $ | (7,060 | ) | $ | 5,995 | $ | (15,821 | ) | ||||||||
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) | |||||||||||||||||||||
THREE MONTHS ENDED SEPTEMBER 30, 2012 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
Net income (loss) | $ | (15,821 | ) | $ | 1,065 | $ | (7,060 | ) | $ | 5,995 | $ | (15,821 | ) | ||||||||
OTHER COMPREHENSIVE INCOME (LOSS) net of tax: | |||||||||||||||||||||
Unrealized gain (loss) on available for sale securities | 6,026 | — | — | — | 6,026 | ||||||||||||||||
Reclassification adjustments for losses included in net income(A) | 605 | — | — | — | 605 | ||||||||||||||||
Other comprehensive income | 6,631 | — | — | — | 6,631 | ||||||||||||||||
COMPREHENSIVE INCOME (LOSS) | $ | (9,190 | ) | $ | 1,065 | $ | (7,060 | ) | $ | 5,995 | $ | (9,190 | ) | ||||||||
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS | |||||||||||||||||||||
NINE MONTHS ENDED SEPTEMBER 30, 2013 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
Sales of metal | $ | — | $ | 207,689 | $ | 369,458 | $ | — | $ | 577,147 | |||||||||||
Production costs applicable to sales | — | (143,620 | ) | (219,817 | ) | — | (363,437 | ) | |||||||||||||
Depreciation, depletion and amortization | (694 | ) | (52,213 | ) | (116,056 | ) | — | (168,963 | ) | ||||||||||||
Gross profit | (694 | ) | 11,856 | 33,585 | — | 44,747 | |||||||||||||||
COSTS AND EXPENSES | |||||||||||||||||||||
General and administrative | 37,975 | 1,400 | 2,117 | — | 41,492 | ||||||||||||||||
Exploration | 1,169 | 5,167 | 10,584 | — | 16,920 | ||||||||||||||||
Litigation settlement | — | 32,046 | — | — | 32,046 | ||||||||||||||||
Loss on impairment and other | — | — | 205 | — | 205 | ||||||||||||||||
Pre-development, care, maintenance and other | — | 857 | 8,557 | — | 9,414 | ||||||||||||||||
Total costs and expenses | 39,144 | 39,470 | 21,463 | — | 100,077 | ||||||||||||||||
OPERATING INCOME (LOSS) | (39,838 | ) | (27,614 | ) | 12,122 | — | (55,330 | ) | |||||||||||||
OTHER INCOME AND EXPENSE | |||||||||||||||||||||
Fair value adjustments, net | (1,593 | ) | 5,263 | 60,235 | — | 63,905 | |||||||||||||||
Other than temporary impairment of marketable securities | (18,097 | ) | — | — | — | (18,097 | ) | ||||||||||||||
Interest income and other, net | 2,991 | 562 | 1,404 | (2,473 | ) | 2,484 | |||||||||||||||
Interest expense, net of capitalized interest | (18,984 | ) | (421 | ) | (13,392 | ) | 2,473 | (30,324 | ) | ||||||||||||
Total other income and expense, net | (35,683 | ) | 5,404 | 48,247 | — | 17,968 | |||||||||||||||
Income (loss) before income taxes | (75,521 | ) | (22,210 | ) | 60,369 | — | (37,362 | ) | |||||||||||||
Income tax provision | 2,303 | (397 | ) | (33,579 | ) | — | (31,673 | ) | |||||||||||||
Total income (loss) after taxes | (73,218 | ) | (22,607 | ) | 26,790 | — | (69,035 | ) | |||||||||||||
Equity income (loss) in consolidated subsidiaries | 4,183 | — | — | (4,183 | ) | — | |||||||||||||||
NET INCOME (LOSS) | $ | (69,035 | ) | $ | (22,607 | ) | $ | 26,790 | $ | (4,183 | ) | $ | (69,035 | ) | |||||||
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) | |||||||||||||||||||||
NINE MONTHS ENDED SEPTEMBER 30, 2013 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
Net income (loss) | $ | (69,035 | ) | $ | (22,607 | ) | $ | 26,790 | $ | (4,183 | ) | $ | (69,035 | ) | |||||||
OTHER COMPREHENSIVE INCOME (LOSS) net of tax: | |||||||||||||||||||||
Unrealized gain (loss) on available for sale securities | (10,756 | ) | — | — | — | (10,756 | ) | ||||||||||||||
Reclassification adjustments for losses included in net income(A) | 18,233 | — | — | — | 18,233 | ||||||||||||||||
Other comprehensive income | 7,477 | — | — | — | 7,477 | ||||||||||||||||
COMPREHENSIVE INCOME (LOSS) | $ | (61,558 | ) | $ | (22,607 | ) | $ | 26,790 | $ | (4,183 | ) | $ | (61,558 | ) | |||||||
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS | |||||||||||||||||||||
NINE MONTHS ENDED SEPTEMBER 30, 2012 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
Sales of metal | $ | — | $ | 157,106 | $ | 532,457 | $ | — | $ | 689,563 | |||||||||||
Production costs applicable to sales | — | (111,409 | ) | (237,935 | ) | — | (349,344 | ) | |||||||||||||
Depreciation, depletion and amortization | (382 | ) | (33,635 | ) | (132,443 | ) | — | (166,460 | ) | ||||||||||||
Gross profit | (382 | ) | 12,062 | 162,079 | — | 173,759 | |||||||||||||||
COSTS AND EXPENSES | |||||||||||||||||||||
General and administrative | 24,133 | 1,637 | 686 | — | 26,456 | ||||||||||||||||
Exploration | 1,279 | 5,880 | 12,670 | — | 19,829 | ||||||||||||||||
Loss on impairment and other | — | — | 6,106 | — | 6,106 | ||||||||||||||||
Pre-development, care, maintenance and other | — | 1,580 | 38 | — | 1,618 | ||||||||||||||||
Total costs and expenses | 25,412 | 9,097 | 19,500 | — | 54,009 | ||||||||||||||||
OPERATING INCOME (LOSS) | (25,794 | ) | 2,965 | 142,579 | — | 119,750 | |||||||||||||||
OTHER INCOME AND EXPENSE | |||||||||||||||||||||
Fair value adjustments, net | 3,696 | (2,647 | ) | (45,771 | ) | — | (44,722 | ) | |||||||||||||
Other than temporary impairment of marketable securities | (605 | ) | — | — | — | (605 | ) | ||||||||||||||
Interest income and other, net | 4,805 | 870 | 13,214 | (3,834 | ) | 15,055 | |||||||||||||||
Interest expense, net of capitalized interest | (2,998 | ) | (3,648 | ) | (18,766 | ) | 3,834 | (21,578 | ) | ||||||||||||
Total other income and expense, net | 4,898 | (5,425 | ) | (51,323 | ) | — | (51,850 | ) | |||||||||||||
Income (loss) before income taxes | (20,896 | ) | (2,460 | ) | 91,256 | — | 67,900 | ||||||||||||||
Income tax provision | (3,990 | ) | — | (52,783 | ) | — | (56,773 | ) | |||||||||||||
Total income (loss) after taxes | (24,886 | ) | (2,460 | ) | 38,473 | — | 11,127 | ||||||||||||||
Equity income (loss) in consolidated subsidiaries | 36,013 | — | — | (36,013 | ) | — | |||||||||||||||
NET INCOME (LOSS) | $ | 11,127 | $ | (2,460 | ) | $ | 38,473 | $ | (36,013 | ) | $ | 11,127 | |||||||||
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) | |||||||||||||||||||||
NINE MONTHS ENDED SEPTEMBER 30, 2012 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
Net income (loss) | $ | 11,127 | $ | (2,460 | ) | $ | 38,473 | $ | (36,013 | ) | $ | 11,127 | |||||||||
OTHER COMPREHENSIVE INCOME (LOSS) net of tax: | |||||||||||||||||||||
Unrealized gain (loss) on available for sale securities | 774 | — | — | — | 774 | ||||||||||||||||
Reclassification adjustments for losses included in net income(A) | 605 | — | — | — | 605 | ||||||||||||||||
Other comprehensive income | 1,379 | — | — | — | 1,379 | ||||||||||||||||
COMPREHENSIVE INCOME (LOSS) | $ | 12,506 | $ | (2,460 | ) | $ | 38,473 | $ | (36,013 | ) | $ | 12,506 | |||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | |||||||||||||||||||||
THREE MONTHS ENDED SEPTEMBER 30, 2013 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||||||||||||||
Cash provided by operating activities | $ | (57,902 | ) | $ | (2,282 | ) | $ | 57,186 | $ | 29,802 | $ | 26,804 | |||||||||
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||||||||||||||
Purchase of short term investments and marketable securities | (1,307 | ) | (27 | ) | (1,355 | ) | — | (2,689 | ) | ||||||||||||
Proceeds from sales and maturities of short term investments | — | 27 | — | — | 27 | ||||||||||||||||
Capital expenditures | (711 | ) | (17,201 | ) | (14,814 | ) | — | (32,726 | ) | ||||||||||||
Other | (13 | ) | — | (35 | ) | — | (48 | ) | |||||||||||||
Investments in consolidated subsidiaries | 29,802 | — | — | (29,802 | ) | — | |||||||||||||||
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | 27,771 | (17,201 | ) | (16,204 | ) | (29,802 | ) | (35,436 | ) | ||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||||||||||||||
Payments on long-term debt, capital leases, and associated costs | — | (665 | ) | (1,159 | ) | — | (1,824 | ) | |||||||||||||
Payments on gold production royalty | — | — | (12,619 | ) | — | (12,619 | ) | ||||||||||||||
Share repurchases | (14,995 | ) | — | — | — | (14,995 | ) | ||||||||||||||
Net intercompany borrowings (lending) | (9,917 | ) | 19,824 | (9,907 | ) | — | — | ||||||||||||||
Other | (27 | ) | — | — | — | (27 | ) | ||||||||||||||
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | (24,939 | ) | 19,159 | (23,685 | ) | — | (29,465 | ) | |||||||||||||
NET CHANGE IN CASH AND CASH EQUIVALENTS | (55,070 | ) | (324 | ) | 17,297 | — | (38,097 | ) | |||||||||||||
Cash and cash equivalents at beginning of period | 186,881 | 723 | 61,927 | — | 249,531 | ||||||||||||||||
Cash and cash equivalents at end of period | $ | 131,811 | $ | 399 | $ | 79,224 | $ | — | $ | 211,434 | |||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | |||||||||||||||||||||
THREE MONTHS ENDED SEPTEMBER 30, 2012 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||||||||||||||
Cash provided by operating activities | $ | (6,929 | ) | $ | 11,912 | $ | 75,567 | $ | (815 | ) | $ | 79,735 | |||||||||
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||||||||||||||
Purchase of short term investments and marketable securities | (4,071 | ) | (22 | ) | — | — | (4,093 | ) | |||||||||||||
Proceeds from sales and maturities of short term investments | 255 | 22 | 60 | — | 337 | ||||||||||||||||
Capital expenditures | (428 | ) | (13,811 | ) | (15,733 | ) | — | (29,972 | ) | ||||||||||||
Other | 524 | — | (45 | ) | — | 479 | |||||||||||||||
Investments in consolidated subsidiaries | (815 | ) | — | — | 815 | — | |||||||||||||||
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | (4,535 | ) | (13,811 | ) | (15,718 | ) | 815 | (33,249 | ) | ||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||||||||||||||
Payments on long-term debt, capital leases, and associated costs | (3,721 | ) | (73,082 | ) | (3,515 | ) | — | (80,318 | ) | ||||||||||||
Payments on gold production royalty | — | — | (17,458 | ) | — | (17,458 | ) | ||||||||||||||
Reductions of (additions to) restricted assets associated with the Kensington Term Facility | — | 4,645 | — | — | 4,645 | ||||||||||||||||
Share repurchases | (9,971 | ) | — | — | — | (9,971 | ) | ||||||||||||||
Net intercompany borrowings (lending) | (18,609 | ) | 70,142 | (51,533 | ) | — | — | ||||||||||||||
Other | 134 | — | — | — | 134 | ||||||||||||||||
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | (32,167 | ) | 1,705 | (72,506 | ) | — | (102,968 | ) | |||||||||||||
NET CHANGE IN CASH AND CASH EQUIVALENTS | (43,631 | ) | (194 | ) | (12,657 | ) | — | (56,482 | ) | ||||||||||||
Cash and cash equivalents at beginning of period | 124,906 | 537 | 73,954 | — | 199,397 | ||||||||||||||||
Cash and cash equivalents at end of period | $ | 81,275 | $ | 343 | $ | 61,297 | $ | — | $ | 142,915 | |||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | |||||||||||||||||||||
NINE MONTHS ENDED SEPTEMBER 30, 2013 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||||||||||||||
Cash provided by operating activities | $ | (39,646 | ) | $ | 18,374 | $ | 128,531 | $ | (4,183 | ) | $ | 103,076 | |||||||||
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||||||||||||||
Purchase of short term investments and marketable securities | (2,906 | ) | (65 | ) | (5,051 | ) | — | (8,022 | ) | ||||||||||||
Proceeds from sales and maturities of short term investments | 2,874 | 65 | 3,432 | — | 6,371 | ||||||||||||||||
Capital expenditures | (1,268 | ) | (37,831 | ) | (33,655 | ) | — | (72,754 | ) | ||||||||||||
Acquisition of Orko Silver Corporation | (113,214 | ) | — | — | — | (113,214 | ) | ||||||||||||||
Other | (19 | ) | 443 | 739 | — | 1,163 | |||||||||||||||
Investments in consolidated subsidiaries | (7,671 | ) | — | 3,488 | 4,183 | — | |||||||||||||||
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | (122,204 | ) | (37,388 | ) | (31,047 | ) | 4,183 | (186,456 | ) | ||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||||||||||||||
Proceeds from issuance of notes and bank borrowings | 300,000 | — | — | — | 300,000 | ||||||||||||||||
Payments on long-term debt, capital leases, and associated costs | (52,565 | ) | (2,621 | ) | (3,835 | ) | — | (59,021 | ) | ||||||||||||
Payments on gold production royalty | — | — | (43,548 | ) | — | (43,548 | ) | ||||||||||||||
Share repurchases | (27,552 | ) | — | — | — | (27,552 | ) | ||||||||||||||
Net intercompany borrowings (lending) | (12,505 | ) | 21,634 | (9,129 | ) | — | — | ||||||||||||||
Other | (505 | ) | — | — | — | (505 | ) | ||||||||||||||
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | 206,873 | 19,013 | (56,512 | ) | — | 169,374 | |||||||||||||||
NET CHANGE IN CASH AND CASH EQUIVALENTS | 45,023 | (1 | ) | 40,972 | — | 85,994 | |||||||||||||||
Cash and cash equivalents at beginning of period | 86,788 | 400 | 38,252 | — | 125,440 | ||||||||||||||||
Cash and cash equivalents at end of period | $ | 131,811 | $ | 399 | $ | 79,224 | $ | — | $ | 211,434 | |||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | |||||||||||||||||||||
NINE MONTHS ENDED SEPTEMBER 30, 2012 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||||||||||||||
Cash provided by operating activities | $ | 24,589 | $ | 2,696 | $ | 229,932 | $ | (47,276 | ) | $ | 209,941 | ||||||||||
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||||||||||||||
Purchase of short term investments and marketable securities | (11,914 | ) | (45 | ) | — | — | (11,959 | ) | |||||||||||||
Proceeds from sales and maturities of short term investments | 20,933 | 45 | 60 | — | 21,038 | ||||||||||||||||
Capital expenditures | (987 | ) | (39,598 | ) | (53,272 | ) | — | (93,857 | ) | ||||||||||||
Other | 2,191 | 1 | (533 | ) | — | 1,659 | |||||||||||||||
Investments in consolidated subsidiaries | (47,276 | ) | — | — | 47,276 | — | |||||||||||||||
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | (37,053 | ) | (39,597 | ) | (53,745 | ) | 47,276 | (83,119 | ) | ||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||||||||||||||
Payments on long-term debt, capital leases, and associated costs | (4,004 | ) | (79,151 | ) | (11,407 | ) | — | (94,562 | ) | ||||||||||||
Payments on gold production royalty | — | — | (58,119 | ) | — | (58,119 | ) | ||||||||||||||
Reductions of (additions to) restricted assets associated with the Kensington Term Facility | — | 4,645 | — | — | 4,645 | ||||||||||||||||
Share repurchases | (9,971 | ) | — | — | — | (9,971 | ) | ||||||||||||||
Net intercompany borrowings (lending) | 22,954 | 111,317 | (134,271 | ) | — | — | |||||||||||||||
Other | (912 | ) | — | — | — | (912 | ) | ||||||||||||||
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | 8,067 | 36,811 | (203,797 | ) | — | (158,919 | ) | ||||||||||||||
NET CHANGE IN CASH AND CASH EQUIVALENTS | (4,397 | ) | (90 | ) | (27,610 | ) | — | (32,097 | ) | ||||||||||||
Cash and cash equivalents at beginning of period | 85,672 | 433 | 88,907 | — | 175,012 | ||||||||||||||||
Cash and cash equivalents at end of period | $ | 81,275 | $ | 343 | $ | 61,297 | $ | — | $ | 142,915 | |||||||||||
Earnings_Per_Share_Details
Earnings Per Share (Details) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 |
Stock Options [Member] | Stock Options [Member] | Stock Options [Member] | Stock Options [Member] | Convertible Senior Notes Due March 2028 [Member] | Convertible Senior Notes Due March 2028 [Member] | |||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted Average Number of Shares Outstanding, Basic | 100,778,000 | 89,429,000 | 96,893,000 | 89,550,000 | ' | ' | ' | ' | ' | ' |
Earnings Per Share (Textual) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of shares of common stock equivalents related to convertible debt | ' | 772,368 | 1,142,530 | 640,660 | 1,202,100 | 632,213 | 1,202,100 | 632,213 | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | ' | ' | ' | ' | ' | ' | 3.25% | 3.25% |
Earnings Per Share, Diluted | ($0.46) | ($0.18) | ($0.71) | $0.12 | ' | ' | ' | ' | ' | ' |
Incremental Common Shares Attributable to Share-based Payment Arrangements | 0 | ' | 0 | 140,000 | ' | ' | ' | ' | ' | ' |
Basic EPS | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net loss available to common stockholders | ($46,265) | ($15,821) | ($69,035) | $11,127 | ' | ' | ' | ' | ' | ' |
Net Income available to common stockholders, Per-Share | ($0.46) | ($0.18) | ($0.71) | $0.12 | ' | ' | ' | ' | ' | ' |
Diluted EPS | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net loss available to common stockholders | ($46,265) | ($15,821) | ($69,035) | $11,127 | ' | ' | ' | ' | ' | ' |
Net Income available to common stockholders, Per-Share | 100,778,000 | 89,429,000 | 96,893,000 | 89,690,000 | ' | ' | ' | ' | ' | ' |
Fair_Value_Measurements_Detail
Fair Value Measurements (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Jan. 29, 2013 |
In Thousands, unless otherwise specified | Silver ounces received from Mandalay [Member] | Royalty obligation embedded derivative [Member] | Royalty obligation embedded derivative [Member] | Put and call options [Member] | Rochester NSR royalty obligation [Member] | Other derivative instrument [Member] | Short-term Deposit [Member] | Marketable securities [Member] | Marketable securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Convertible Senior Notes Due March 2028 [Member] | Convertible Senior Notes Due March 2028 [Member] | 7.875% Senior Notes due 2021 [Member] | ||
Silver ounces received from Mandalay [Member] | Royalty obligation embedded derivative [Member] | Royalty obligation embedded derivative [Member] | Put and call options [Member] | Rochester NSR royalty obligation [Member] | Other derivative instrument [Member] | Short-term Deposit [Member] | Marketable securities [Member] | Marketable securities [Member] | Silver ounces received from Mandalay [Member] | Royalty obligation embedded derivative [Member] | Royalty obligation embedded derivative [Member] | Put and call options [Member] | Rochester NSR royalty obligation [Member] | Other derivative instrument [Member] | Short-term Deposit [Member] | Marketable securities [Member] | Marketable securities [Member] | Silver ounces received from Mandalay [Member] | Royalty obligation embedded derivative [Member] | Royalty obligation embedded derivative [Member] | Put and call options [Member] | Rochester NSR royalty obligation [Member] | Other derivative instrument [Member] | Short-term Deposit [Member] | Marketable securities [Member] | Marketable securities [Member] | |||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Expected Royalty Duration, Rochester | '4 years 8 months 5 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Assets: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Short-term Deposits | ' | ' | ' | ' | ' | ' | ' | ' | $999 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $999 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0 | ' | ' | ' | ' | ' |
Restricted certificates of deposits | ' | ' | ' | ' | ' | ' | ' | ' | ' | 17,616 | 27,065 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 27,065 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' |
Available-for-sale Securities, Equity Securities, Noncurrent | ' | 27,065 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 17,616 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative Asset, Fair Value | 160 | ' | 943 | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | 160 | ' | 943 | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total assets | 17,776 | 29,007 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 17,616 | 28,064 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 160 | 943 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Liabilities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative fair value of derivative liability | ' | ' | ' | 61,996 | 145,098 | 9,299 | 24,409 | 2,069 | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | 61,996 | 145,098 | 9,299 | 0 | 2,069 | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 24,409 | 0 | ' | ' | ' | ' | ' | ' |
Total liabilities | $88,474 | $154,397 | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0 | $0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | $64,065 | $154,397 | ' | ' | ' | ' | ' | ' | ' | ' | ' | $24,409 | $0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.25% | 3.25% | 7.88% |
Fair_Value_Measurements_Fair_V
Fair Value Measurements Fair Value Measurements (Details 1) (USD $) | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Jan. 29, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | Convertible Senior Notes Due March 2028 [Member] | Convertible Senior Notes Due March 2028 [Member] | 7.875% Senior Notes due 2021 [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member] | Portion at Other than Fair Value, Fair Value Disclosure [Member] | |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Convertible Senior Notes Due March 2028 [Member] | Convertible Senior Notes Due March 2028 [Member] | Convertible Senior Notes Due March 2028 [Member] | Convertible Senior Notes Due March 2028 [Member] | Convertible Senior Notes Due March 2028 [Member] | Convertible Senior Notes Due March 2028 [Member] | Convertible Senior Notes Due March 2028 [Member] | Convertible Senior Notes Due March 2028 [Member] | 7.875% Senior Notes due 2021 [Member] | 7.875% Senior Notes due 2021 [Member] | 7.875% Senior Notes due 2021 [Member] | 7.875% Senior Notes due 2021 [Member] | |||||||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||||||||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value Inputs, Liabilities, Quantitative Information [Table Text Block] | '4 years 8 months 5 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt, Fair Value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $5,131 | $48,220 | $5,131 | $48,220 | $0 | $0 | $0 | $0 | $304,314 | $304,314 | $0 | $0 |
Royalty Obligation Fair value | ' | ' | ' | ' | $70,795 | $90,617 | $0 | $0 | $70,795 | $90,617 | $0 | $0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | 3.25% | 3.25% | 7.88% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investments_Details
Investments (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | $1,307,000 | $6,631,000 | $7,477,000 | $1,379,000 | ' |
Investment in Marketable Securities (Textual) [Abstract] | ' | ' | ' | ' | ' |
Marketable Securities, Unrealized Gain (Loss) | 301,000 | 6,026,000 | -10,756,000 | 774,000 | ' |
Other than Temporary Impairment Losses, Investments | 900,000 | ' | 18,100,000 | ' | ' |
Short term investments | 0 | ' | 0 | ' | 999,000 |
Marketable securities [Member] | ' | ' | ' | ' | ' |
Available-for-sale Securities | ' | ' | ' | ' | ' |
Available-for-sale Securities, Amortized Cost | 17,860,000 | ' | 17,860,000 | ' | 34,786,000 |
Available-for-sales Securities, Gross Unrealized Losses | -987,000 | ' | -987,000 | ' | -10,443,000 |
Available-for-sale Securities, Gross Unrealized Gains | 743,000 | ' | 743,000 | ' | 2,722,000 |
Available-for-sale Securities, Estimated Fair Value | $17,616,000 | ' | $17,616,000 | ' | $27,065,000 |
Receivables_Details
Receivables (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Allowance for Doubtful Accounts Receivable, Current | $0 | ' |
Accounts Receivable, Net, Noncurrent | 37,191,000 | 48,767,000 |
Receivables - current portion | ' | ' |
Accounts Receivable - Trade | 16,295,000 | 8,701,000 |
Refundable income tax | 8,330,000 | 9,331,000 |
Refundable value added tax | 46,242,000 | 40,020,000 |
Accounts Receivable - Other | 3,550,000 | 4,386,000 |
Receivables, net current portion | 74,417,000 | 62,438,000 |
Allowance for doubtful accounts receivable | $0 | $0 |
Metal_and_Other_Inventories_De
Metal and Other Inventories (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Inventories | ' | ' |
Concentrate and dore inventory | $57,519 | $91,130 |
Supplies | 66,018 | 79,540 |
Metal and other inventory | $123,537 | $170,670 |
Acquisition_of_Orko_Silver_Cor2
Acquisition of Orko Silver Corporation/La Preciosa Mineral Interests (Details) (Orko Silver Corporation [Member], USD $) | 0 Months Ended |
In Thousands, except Share data, unless otherwise specified | Apr. 16, 2013 |
Orko Silver Corporation [Member] | ' |
Business Combination, Consideration Transferred [Abstract] | ' |
Common shares issued (11,572,918 at $14.98) | $173,363 |
Cash | 99,059 |
Warrants (1,588,768 valued at $3.64 per warrant) | 5,777 |
Transaction advisory fees and other acquisition costs | 17,642 |
Total purchase price | 295,841 |
Current liabilities | 2,616 |
Deferred income taxes | 114,339 |
Total liabilities assumed | 116,955 |
Total Consideration | 412,796 |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract] | ' |
Cash | 3,487 |
Other current assets | 635 |
Mineral interests | 408,352 |
Other assets | 322 |
Total assets acquired | $412,796 |
Common shares issued for acquisition | 11,572,918 |
Common shares issued, price per share | $14.98 |
Number of warrants issued | 1,588,768 |
Warrants, price per warrant | $3.64 |
Property_Plant_and_Equipment_D
Property, Plant and Equipment (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property, plant and equipment | ' | ' |
Land | $1,764 | $2,152 |
Building improvements | 596,655 | 581,286 |
Machinery and equipment | 390,069 | 360,199 |
Capitalized leases for machinery, equipment and buildings | 22,444 | 35,129 |
Property, plant and equipment, gross | 1,010,932 | 978,766 |
Accumulated depreciation and amortization | -373,931 | -313,067 |
Property Plant and Equipment Net before Construction in Progress | 637,001 | 665,699 |
Construction in Progress | 12,590 | 18,303 |
Property, plant and equipment, net | $649,591 | $684,002 |
Mining_Properties_Details
Mining Properties (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Mining Properties | ' | ' |
Operational mining properties: | $735,233 | $674,636 |
Accumulated depletion | -293,971 | -247,562 |
Operational mining properties, net | 441,262 | 427,074 |
Mineral interest | 2,233,037 | 1,822,493 |
Accumulated depletion | -308,300 | -257,758 |
Mineral interest, net | 1,924,737 | 1,564,735 |
Total mining properties | 2,365,999 | 1,991,809 |
Palmarejo [Member] | ' | ' |
Mining Properties | ' | ' |
Operational mining properties: | 170,789 | 155,722 |
Accumulated depletion | -101,687 | -82,037 |
Operational mining properties, net | 69,102 | 73,685 |
Mineral interest | 1,660,580 | 1,658,389 |
Accumulated depletion | -282,339 | -235,795 |
Mineral interest, net | 1,378,241 | 1,422,594 |
Total mining properties | 1,447,343 | 1,496,279 |
San Bartolome [Member] | ' | ' |
Mining Properties | ' | ' |
Operational mining properties: | 70,371 | 70,322 |
Accumulated depletion | -21,270 | -18,439 |
Operational mining properties, net | 49,101 | 51,883 |
Mineral interest | 26,643 | 26,642 |
Accumulated depletion | -8,398 | -7,338 |
Mineral interest, net | 18,245 | 19,304 |
Total mining properties | 67,346 | 71,187 |
Kensington [Member] | ' | ' |
Mining Properties | ' | ' |
Operational mining properties: | 345,447 | 333,619 |
Accumulated depletion | -68,909 | -46,649 |
Operational mining properties, net | 276,538 | 286,970 |
Mineral interest | 0 | 0 |
Accumulated depletion | 0 | 0 |
Mineral interest, net | 0 | 0 |
Total mining properties | 276,538 | 286,970 |
Rochester [Member] | ' | ' |
Mining Properties | ' | ' |
Operational mining properties: | 148,626 | 114,973 |
Accumulated depletion | -102,105 | -100,437 |
Operational mining properties, net | 46,521 | 14,536 |
Mineral interest | 0 | 0 |
Accumulated depletion | 0 | 0 |
Mineral interest, net | 0 | 0 |
Total mining properties | 46,521 | 14,536 |
Martha [Member] | ' | ' |
Mining Properties | ' | ' |
Operational mining properties: | 0 | ' |
Accumulated depletion | 0 | ' |
Operational mining properties, net | 0 | ' |
Mineral interest | 44,033 | ' |
Accumulated depletion | -17,563 | ' |
Mineral interest, net | 26,470 | ' |
Total mining properties | 26,470 | ' |
Endeavor [Member] | ' | ' |
Mining Properties | ' | ' |
Operational mining properties: | 0 | 0 |
Accumulated depletion | 0 | 0 |
Operational mining properties, net | 0 | 0 |
Mineral interest | 408,352 | 44,033 |
Accumulated depletion | 0 | -14,625 |
Mineral interest, net | 408,352 | 29,408 |
Total mining properties | 408,352 | 29,408 |
Joaquin [Member] | ' | ' |
Mining Properties | ' | ' |
Operational mining properties: | 0 | 0 |
Accumulated depletion | 0 | 0 |
Operational mining properties, net | 0 | 0 |
Mineral interest | 93,429 | 93,429 |
Accumulated depletion | 0 | 0 |
Mineral interest, net | 93,429 | 93,429 |
Total mining properties | $93,429 | $93,429 |
Mining_Properties_Details_Text
Mining Properties (Details Textual) (USD $) | 1 Months Ended | 3 Months Ended | 4 Months Ended | 9 Months Ended | ||||
In Thousands, unless otherwise specified | Mar. 31, 2006 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2008 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | 23-May-05 |
oz | oz | Endeavor [Member] | ||||||
oz | ||||||||
Property, Plant and Equipment (Textual) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Impairment of Long-Lived Assets Held-for-use | ' | $0 | $1,293 | ' | $205 | $6,106 | ' | ' |
Assets | ' | $3,636,917 | ' | ' | $3,636,917 | ' | $3,221,401 | ' |
Quantity of acquired silver production and reserves | ' | ' | ' | ' | ' | ' | ' | 17,700,000 |
Mining Properties (Textual) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Cumulative ounces of silver received by CDE Australia | ' | ' | ' | 4,700,000 | ' | ' | ' | ' |
Current ore reserve payable ounces based on current metallurgical recovery and current smelter contract terms | ' | ' | ' | 4,000,000 | ' | ' | ' | ' |
Silver production and reserves payable ounces | 20,000,000 | ' | ' | ' | ' | ' | ' | ' |
Debt_and_Capital_Lease_Obligat2
Debt and Capital Lease Obligations (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Debt Instrument [Line Items] | ' | ' | ' | ' | ' |
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage | ' | ' | 0.50% | ' | ' |
Long term debt and capital lease obligations | ' | ' | ' | ' | ' |
Debt, Current | $3,868 | ' | $3,868 | ' | $55,983 |
Long-term debt and capital leases | 306,372 | ' | 306,372 | ' | 3,460 |
Interest expenses incurred for various debt instruments | ' | ' | ' | ' | ' |
Accretion of Franco Nevada royalty obligation | 4,023 | 4,384 | 12,192 | 15,047 | ' |
Amortization of debt issuance costs | 540 | 1,331 | 1,604 | 1,838 | ' |
Accretion of debt discount | 0 | 639 | 576 | 1,879 | ' |
Capitalized interest | -1,133 | -512 | -1,494 | -2,206 | ' |
Total interest expense, net of capitalized interest | 9,662 | 7,351 | 30,324 | 21,578 | ' |
3.25% Convertible Senior Notes due March 2028 [Member] | ' | ' | ' | ' | ' |
Long term debt and capital lease obligations | ' | ' | ' | ' | ' |
Debt, Current | 0 | ' | 0 | ' | 48,081 |
Long-term debt and capital leases | 5,334 | ' | 5,334 | ' | 0 |
Interest expenses incurred for various debt instruments | ' | ' | ' | ' | ' |
Convertible debt, interest expense | 43 | 395 | 423 | 1,186 | ' |
7.875% Senior Notes due 2021 [Member] | ' | ' | ' | ' | ' |
Long term debt and capital lease obligations | ' | ' | ' | ' | ' |
Debt, Current | 0 | ' | 0 | ' | 0 |
Long-term debt and capital leases | 300,000 | ' | 300,000 | ' | 0 |
Interest expenses incurred for various debt instruments | ' | ' | ' | ' | ' |
Interest Expense | 5,906 | 0 | 15,947 | 0 | ' |
Revolving Credit Facility [Member] | ' | ' | ' | ' | ' |
Interest expenses incurred for various debt instruments | ' | ' | ' | ' | ' |
Interest Expense | 176 | 85 | 434 | 85 | ' |
Kensington Term Facility [Member] | ' | ' | ' | ' | ' |
Interest expenses incurred for various debt instruments | ' | ' | ' | ' | ' |
Interest Expense | 0 | 459 | 0 | 2,339 | ' |
Capital Lease Obligations [Member] | ' | ' | ' | ' | ' |
Long term debt and capital lease obligations | ' | ' | ' | ' | ' |
Debt, Current | 3,868 | ' | 3,868 | ' | 7,902 |
Long-term debt and capital leases | 1,038 | ' | 1,038 | ' | 3,460 |
Interest expenses incurred for various debt instruments | ' | ' | ' | ' | ' |
Interest Expense | 89 | 219 | 355 | 827 | ' |
Other debt obligations [Member] | ' | ' | ' | ' | ' |
Interest expenses incurred for various debt instruments | ' | ' | ' | ' | ' |
Interest Expense | $18 | $351 | $287 | $583 | ' |
Debt_and_Capital_Lease_Obligat3
Debt and Capital Lease Obligations (Details Textual) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||||||||||||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Feb. 12, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jan. 29, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Call Option [Member] | Call Option [Member] | Put Option [Member] | Put Option [Member] | 3.25% Convertible Senior Notes due March 2028 [Member] | 3.25% Convertible Senior Notes due March 2028 [Member] | 3.25% Convertible Senior Notes due March 2028 [Member] | 3.25% Convertible Senior Notes due March 2028 [Member] | 3.25% Convertible Senior Notes due March 2028 [Member] | 3.25% Convertible Senior Notes due March 2028 [Member] | 7.875% Senior Notes due 2021 [Member] | 7.875% Senior Notes due 2021 [Member] | 7.875% Senior Notes due 2021 [Member] | 7.875% Senior Notes due 2021 [Member] | 7.875% Senior Notes due 2021 [Member] | 7.875% Senior Notes due 2021 [Member] | Kensington Term Facility [Member] | Kensington Term Facility [Member] | Kensington Term Facility [Member] | Kensington Term Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | ||||||
oz | oz | oz | oz | ||||||||||||||||||||||||||
Debt and capital lease obligations (Textual) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest rate on notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.25% | ' | 3.25% | ' | ' | 3.25% | ' | ' | ' | ' | 7.88% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Principal amount of bank loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | $5,300,000 | ' | $5,300,000 | ' | $48,700,000 | ' | ' | ' | ' | ' | $300,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Repurchased Face Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | 43,300,000 | ' | 43,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt, Current | 3,868,000 | ' | 3,868,000 | ' | 55,983,000 | ' | ' | ' | ' | 0 | ' | 0 | ' | ' | 48,081,000 | 0 | ' | 0 | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' |
Carrying value of the equity component | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,900,000 | ' | 10,900,000 | ' | ' | 10,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | 43,000 | 395,000 | 423,000 | 1,186,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest Expense, Debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,906,000 | 0 | 15,947,000 | 0 | ' | ' | 0 | 459,000 | 0 | 2,339,000 | 176,000 | 85,000 | 434,000 | 85,000 |
Accretion of Debt Discount | 0 | 639,000 | 576,000 | 1,879,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accretion expense | 2,889,000 | 4,276,000 | 10,698,000 | 14,348,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term debt and capital leases | 306,372,000 | ' | 306,372,000 | ' | 3,460,000 | ' | ' | ' | ' | 5,334,000 | ' | 5,334,000 | ' | ' | 0 | 300,000,000 | ' | 300,000,000 | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' |
Borrowing under term facility | 100,000,000 | ' | 100,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Increase, Additional Borrowings | ' | ' | 50,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage | ' | ' | 0.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Commitment Fee Percentage | ' | ' | 0.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Amount Outstanding | 0 | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gold under collars protection | ' | ' | ' | ' | ' | 12,500 | 97,000 | 25,000 | 122,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average call feature of each collar | ' | ' | ' | ' | 1,967.89 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average put feature of each collar | ' | ' | ' | ' | 967.86 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional Long term debt and capital lease obligations(Textual) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Expensed Interest | 9,662,000 | 7,351,000 | 30,324,000 | 21,578,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capitalized interest | $1,133,000 | $512,000 | $1,494,000 | $2,206,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Reclamation_and_Mine_Closure_D
Reclamation and Mine Closure (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |
Entity Information [Line Items] | ' | ' | ' | ' | ' |
Addition and changes in estimates | $19,542,000 | $0 | $19,542,000 | $335,000 | ' |
Asset retirement obligation - Beginning | 35,578,000 | 34,510,000 | 34,456,000 | 32,714,000 | ' |
Accretion | 777,000 | 714,000 | 2,277,000 | 2,180,000 | ' |
Settlements | -124,000 | -13,000 | -502,000 | -18,000 | ' |
Asset retirement obligation - March 31 | 55,773,000 | 35,211,000 | 55,773,000 | 35,211,000 | ' |
Reclamation and Mine Closure (Textual) [Abstract] | ' | ' | ' | ' | ' |
Accrued reclamation liabilities | 600,000 | ' | 600,000 | ' | 900,000 |
Rochester [Member] | ' | ' | ' | ' | ' |
Entity Information [Line Items] | ' | ' | ' | ' | ' |
Addition and changes in estimates | 16,800,000 | ' | ' | ' | ' |
Kensington [Member] | ' | ' | ' | ' | ' |
Entity Information [Line Items] | ' | ' | ' | ' | ' |
Addition and changes in estimates | $2,700,000 | ' | ' | ' | ' |
Income_Taxes_Details
Income Taxes (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Income Tax Examination [Line Items] | ' | ' | ' | ' |
Mexico Net Loss Carryforwards | '10 years | ' | '10 years | ' |
Income tax provision from continuing operations | ' | ' | ' | ' |
Income tax benefit (provision) from continuing operations | $1,981 | ($17,475) | ($31,673) | ($56,773) |
Income Taxes (Textual) [Abstract] | ' | ' | ' | ' |
Income tax benefit (Provision) | 1,981 | -17,475 | -31,673 | -56,773 |
United States - Foreign Withholding [Member] | ' | ' | ' | ' |
Income tax provision from continuing operations | ' | ' | ' | ' |
Federal tax expense (benefit) | 5,182 | -465 | 1,905 | -3,990 |
ARGENTINA | ' | ' | ' | ' |
Income tax provision from continuing operations | ' | ' | ' | ' |
Foreign tax expense (benefit) | 1,886 | 5,409 | -17,585 | -10,341 |
AUSTRALIA | ' | ' | ' | ' |
Income tax provision from continuing operations | ' | ' | ' | ' |
Foreign tax expense (benefit) | -4,598 | -23,106 | -13,482 | -41,684 |
MEXICO | ' | ' | ' | ' |
Income Taxes (Textual) [Abstract] | ' | ' | ' | ' |
Net operating loss carryforward period | '10 years | ' | ' | ' |
BOLIVIA | ' | ' | ' | ' |
Income tax provision from continuing operations | ' | ' | ' | ' |
Foreign tax expense (benefit) | ($489) | $687 | ($2,511) | ($758) |
ShareBased_Compensation_Plans_1
Share-Based Compensation Plans (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Sep. 30, 2013 | Mar. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Issuance of new grants | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term | '1 year 8 months 12 days | ' | ' | ' |
Share-Based Compensation Plans (Textual) [Abstract] | ' | ' | ' | ' |
Allocated Share-based Compensation Expense | $0.20 | $3.40 | $2.30 | $6.10 |
Total unrecognized compensation cost | $7.40 | ' | $7.40 | ' |
Expected period to recognized, in years | '1 year 10 months 24 days | ' | ' | ' |
Employee Stock Option [Member] | ' | ' | ' | ' |
Issuance of new grants | ' | ' | ' | ' |
Number of Units | ' | ' | 926 | ' |
Weighted Average Exercise Price | ' | ' | $20.80 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block] | ' | ' | '252713 | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Exercisable Options, Weighted Average Remaining Contractual Term | $33.07 | ' | $33.07 | ' |
SARs [Member] | ' | ' | ' | ' |
Issuance of new grants | ' | ' | ' | ' |
Weighted average fair value | $3.09 | ' | $3.09 | ' |
Number of Units | ' | ' | 3,846 | ' |
Weighted Average Exercise Price | ' | ' | $15.40 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block] | ' | ' | '65019 | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Exercisable Options, Weighted Average Remaining Contractual Term | $14.21 | ' | $14.21 | ' |
2-Jan-13 | ' | ' | ' | ' |
Issuance of new grants | ' | ' | ' | ' |
Grant Date | ' | ' | 2-Jan-13 | ' |
January 2, 2013 | Restricted Stock [Member] | ' | ' | ' | ' |
Issuance of new grants | ' | ' | ' | ' |
Restricted and Performance shares | ' | ' | 1,805 | ' |
Granted date fair value of Restricted and Performance shares | ' | ' | $25.20 | ' |
January 2, 2013 | Employee Stock Option [Member] | ' | ' | ' | ' |
Issuance of new grants | ' | ' | ' | ' |
Stock options | ' | ' | 0 | ' |
Grant date fair value of stock options | ' | ' | $0 | ' |
January 2, 2013 | Performance Shares [Member] | ' | ' | ' | ' |
Issuance of new grants | ' | ' | ' | ' |
Restricted and Performance shares | ' | ' | 0 | ' |
Granted date fair value of Restricted and Performance shares | ' | ' | $0 | ' |
22-Jan-13 | ' | ' | ' | ' |
Issuance of new grants | ' | ' | ' | ' |
Grant Date | ' | ' | 22-Jan-13 | ' |
January 22, 2013 | Restricted Stock [Member] | ' | ' | ' | ' |
Issuance of new grants | ' | ' | ' | ' |
Restricted and Performance shares | ' | ' | 47,994 | ' |
Granted date fair value of Restricted and Performance shares | ' | ' | $23.90 | ' |
January 22, 2013 | Employee Stock Option [Member] | ' | ' | ' | ' |
Issuance of new grants | ' | ' | ' | ' |
Stock options | ' | ' | 77,715 | ' |
Grant date fair value of stock options | ' | ' | $14.77 | ' |
January 22, 2013 | Performance Shares [Member] | ' | ' | ' | ' |
Issuance of new grants | ' | ' | ' | ' |
Restricted and Performance shares | ' | ' | 95,991 | ' |
Granted date fair value of Restricted and Performance shares | ' | ' | $27.41 | ' |
4-Feb-13 | ' | ' | ' | ' |
Issuance of new grants | ' | ' | ' | ' |
Grant Date | ' | ' | 4-Feb-13 | ' |
February 4, 2013 | Restricted Stock [Member] | ' | ' | ' | ' |
Issuance of new grants | ' | ' | ' | ' |
Restricted and Performance shares | ' | ' | 18,668 | ' |
Granted date fair value of Restricted and Performance shares | ' | ' | $22.63 | ' |
February 4, 2013 | Employee Stock Option [Member] | ' | ' | ' | ' |
Issuance of new grants | ' | ' | ' | ' |
Stock options | ' | ' | 17,692 | ' |
Grant date fair value of stock options | ' | ' | $14 | ' |
February 4, 2013 | Performance Shares [Member] | ' | ' | ' | ' |
Issuance of new grants | ' | ' | ' | ' |
Restricted and Performance shares | ' | ' | 21,828 | ' |
Granted date fair value of Restricted and Performance shares | ' | ' | $25.96 | ' |
1-Apr-13 | ' | ' | ' | ' |
Issuance of new grants | ' | ' | ' | ' |
Grant Date | ' | ' | 1-Apr-13 | ' |
April 1, 2013 | Restricted Stock [Member] | ' | ' | ' | ' |
Issuance of new grants | ' | ' | ' | ' |
Restricted and Performance shares | ' | ' | 157,142 | ' |
Granted date fair value of Restricted and Performance shares | ' | ' | $18.51 | ' |
April 1, 2013 | Employee Stock Option [Member] | ' | ' | ' | ' |
Issuance of new grants | ' | ' | ' | ' |
Stock options | ' | ' | 73,290 | ' |
Grant date fair value of stock options | ' | ' | $11.39 | ' |
April 1, 2013 | Performance Shares [Member] | ' | ' | ' | ' |
Issuance of new grants | ' | ' | ' | ' |
Restricted and Performance shares | ' | ' | 28,662 | ' |
Granted date fair value of Restricted and Performance shares | ' | ' | $21.23 | ' |
21-May-13 | ' | ' | ' | ' |
Issuance of new grants | ' | ' | ' | ' |
Grant Date | ' | ' | 21-May-13 | ' |
May 21, 2013 | Restricted Stock [Member] | ' | ' | ' | ' |
Issuance of new grants | ' | ' | ' | ' |
Restricted and Performance shares | ' | ' | 111,193 | ' |
Granted date fair value of Restricted and Performance shares | ' | ' | $13.66 | ' |
May 21, 2013 | Employee Stock Option [Member] | ' | ' | ' | ' |
Issuance of new grants | ' | ' | ' | ' |
Stock options | ' | ' | 0 | ' |
Grant date fair value of stock options | ' | ' | $0 | ' |
May 21, 2013 | Performance Shares [Member] | ' | ' | ' | ' |
Issuance of new grants | ' | ' | ' | ' |
Restricted and Performance shares | ' | ' | 0 | ' |
Granted date fair value of Restricted and Performance shares | ' | ' | $0 | ' |
22-Jul-13 | ' | ' | ' | ' |
Issuance of new grants | ' | ' | ' | ' |
Grant Date | ' | ' | 1-Jul-13 | ' |
July 22, 2013 | Restricted Stock [Member] | ' | ' | ' | ' |
Issuance of new grants | ' | ' | ' | ' |
Restricted and Performance shares | ' | ' | 69,774 | ' |
Granted date fair value of Restricted and Performance shares | ' | ' | $12.72 | ' |
July 22, 2013 | Employee Stock Option [Member] | ' | ' | ' | ' |
Issuance of new grants | ' | ' | ' | ' |
Stock options | ' | ' | 16,157 | ' |
Grant date fair value of stock options | ' | ' | $7.93 | ' |
July 22, 2013 | Performance Shares [Member] | ' | ' | ' | ' |
Issuance of new grants | ' | ' | ' | ' |
Restricted and Performance shares | ' | ' | 20,451 | ' |
Granted date fair value of Restricted and Performance shares | ' | ' | $14.59 | ' |
Defined_Contribution_and_401k_
Defined Contribution and 401(k) (Details) (Retirement Savings Plan under Section 401 (k) [Member], USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Mar. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Retirement Savings Plan under Section 401 (k) [Member] | ' | ' | ' | ' |
Additional Defined Contribution And 401(k) (Textual) [Abstract] | ' | ' | ' | ' |
Percentage of maximum limit for employees to contribute their cash compensation | 75.00% | ' | ' | ' |
Percentage of employers matching contribution | 100.00% | ' | ' | ' |
Percentage of employee contribution | 3.00% | ' | ' | ' |
Percentage of employee compensation plus matching contribution | 50.00% | ' | ' | ' |
Percentage of additional employee contribution | 2.00% | ' | ' | ' |
Total plan expenses | $1.10 | $1 | $3.20 | $3.10 |
Derivative_Financial_Instrumen2
Derivative Financial Instruments and Fair Value of Financial Instruments (Details) | 3 Months Ended | 9 Months Ended | 12 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Mar. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Mar. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | |
USD ($) | USD ($) | USD ($) | MXN | MXN | Franco-Nevada warrant [Member] | Franco-Nevada warrant [Member] | Franco-Nevada warrant [Member] | Franco-Nevada warrant [Member] | Palmarejo gold production royalty [Member] | Palmarejo gold production royalty [Member] | Palmarejo gold production royalty [Member] | Palmarejo gold production royalty [Member] | Mexican peso forward purchase contracts [Member] | Mexican peso forward purchase contracts [Member] | Mexican peso forward purchase contracts [Member] | Mexican peso forward purchase contracts [Member] | Mexican peso forward purchase contracts [Member] | Mexican peso forward purchase contracts [Member] | Mexican peso forward purchase contracts [Member] | Mexican peso forward purchase contracts [Member] | Mexico Peso Put Options [Member] | Mexico Peso Put Options [Member] | Mexico Peso Put Options [Member] | Mexico Peso Put Options [Member] | Mexico Peso Put Options [Member] | Mexico Peso Put Options [Member] | Mexico Peso Put Options [Member] | Mexico Peso Put Options [Member] | Mexico Peso Call Options [Member] | Mexico Peso Call Options [Member] | Mexico Peso Call Options [Member] | Mexico Peso Call Options [Member] | Mexico Peso Call Options [Member] | Mexico Peso Call Options [Member] | Mexico Peso Call Options [Member] | Mexico Peso Call Options [Member] | Silver concentrate sales agreements [Member] | Silver concentrate sales agreements [Member] | Silver concentrate sales agreements [Member] | Silver concentrate sales agreements [Member] | Gold concentrates sales agreements [Member] | Gold concentrates sales agreements [Member] | Gold concentrates sales agreements [Member] | Gold concentrates sales agreements [Member] | Gold put options purchased [Member] | Gold put options purchased [Member] | Gold put options purchased [Member] | Gold put options purchased [Member] | Silver put options purchased [Member] | Silver put options purchased [Member] | Silver put options purchased [Member] | Silver put options purchased [Member] | Foreign Exchange Forward [Member] | Foreign Exchange Forward [Member] | Foreign Exchange Forward [Member] | Foreign Exchange Forward [Member] | Foreign Exchange Forward [Member] | Prepaid Expenses and Other Current Assets [Member] | Prepaid Expenses and Other Current Assets [Member] | Prepaid Expenses and Other Current Assets [Member] | |
USD ($) | USD ($) | USD ($) | USD ($) | 2013 [Member] | 2014 [Member] | Derivative Instruments Settle in Year 2014 Member [Member] | Thereafter [Member] | 2013 [Member] | 2013 [Member] | 2014 [Member] | 2014 [Member] | Derivative Instruments Settle in Year 2014 Member [Member] | Derivative Instruments Settle in Year 2014 Member [Member] | Thereafter [Member] | Thereafter [Member] | 2013 [Member] | 2013 [Member] | 2014 [Member] | 2014 [Member] | Derivative Instruments Settle in Year 2014 Member [Member] | Derivative Instruments Settle in Year 2014 Member [Member] | Thereafter [Member] | Thereafter [Member] | 2013 [Member] | 2013 [Member] | 2014 [Member] | 2014 [Member] | Derivative Instruments Settle in Year 2014 Member [Member] | Derivative Instruments Settle in Year 2014 Member [Member] | Thereafter [Member] | Thereafter [Member] | 2013 [Member] | 2014 [Member] | Derivative Instruments Settle in Year 2014 Member [Member] | Thereafter [Member] | 2013 [Member] | 2014 [Member] | Derivative Instruments Settle in Year 2014 Member [Member] | Thereafter [Member] | 2013 [Member] | 2014 [Member] | Derivative Instruments Settle in Year 2014 Member [Member] | Thereafter [Member] | 2013 [Member] | 2014 [Member] | Derivative Instruments Settle in Year 2014 Member [Member] | Thereafter [Member] | Mexican peso forward purchase contracts [Member] | Mexican peso forward purchase contracts [Member] | Mexican peso forward purchase contracts [Member] | Mexican peso forward purchase contracts [Member] | Mexican peso forward purchase contracts [Member] | USD ($) | USD ($) | Gold Put Purchase and Call Sold Options Net [Member] | ||||||
USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | MXN | USD ($) | MXN | USD ($) | MXN | USD ($) | MXN | USD ($) | MXN | USD ($) | MXN | USD ($) | MXN | USD ($) | MXN | USD ($) | MXN | USD ($) | MXN | USD ($) | MXN | USD ($) | MXN | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | ||||||||||||
oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | ||||||||||||||||||||||||||||||||||||||||||
Derivative [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative, Fair Value, Net | ' | ' | $9,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($24,000,000) | ' | ' | ' | $0 | $211,000 | $1,406,000 | ' |
Derivative, Gain (Loss) on Derivative, Net | 400,000 | 1,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 600,000 | 1,400,000 | 3,400,000 | ' | ' | ' | ' |
Derivative Instruments, Loss Recognized in Income | ' | ' | ' | ' | ' | 5,600,000 | 10,900,000 | 22,900,000 | 35,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative instruments Settlement | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative, Notional Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,633,000 | 24,895,000 | 24,691,000 | 19,236,000 | ' | 154,816 | ' | 146,460,000 | ' | 0 | ' | 0 | ' | 0 | ' | 300,000 | ' | 0 | ' | 0 | ' | 0 | ' | 361,500,000 | ' | 0 | ' | 0 | 2,326,000 | 0 | 0 | 0 | 30,123,000 | 0 | 0 | 0 | -382,000 | 0 | 0 | 0 | -186,000 | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative average gold price in excess of minimum contractual Deduction Rate | 400 | 400 | ' | ' | ' | ' | ' | ' | ' | 502,000 | 498,000 | 494,000 | 490,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notional ounces | ' | ' | ' | ' | ' | ' | ' | ' | ' | 17,201 | 50,004 | 50,004 | 39,285 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 101,908 | 0 | 0 | 0 | 26,265 | 0 | 0 | 0 | 25,000 | 0 | 0 | 0 | 1,250,000 | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value of foreign exchange contracts | 1,300,000 | 1,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,000,000 | ' | 12,000,000 | ' | 0 | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Average rate | ' | ' | ' | ' | 13.11 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12.9 | ' | 12.2 | ' | 0 | ' | 0 | ' | 0 | ' | 12.5 | ' | 0 | ' | 0 | ' | 0 | ' | 15,060 | ' | 0 | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notional amount of foreign currency derivatives | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | 24,000,000 | ' | 0 | ' | 0 | ' | 0 | ' | 24,000,000 | ' | 0 | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 24,000,000 | ' | ' | ' | 26,100,000 | ' | ' | ' |
Derivative average price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 22.82 | 0 | 0 | 0 | 1,147 | 0 | 0 | 0 | 1,200 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) Recognized in Income, Net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100,000 | 400,000 | 700,000 | 1,500,000 | ' | ' | ' | ' |
Weighted Average Put Feature of Each Collar | ' | ' | $967.86 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted Average Strike Price of Call Options Written | ' | ' | ' | 15.06 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative_Financial_Instrumen3
Derivative Financial Instruments and Fair Value of Financial Instruments (Details 1) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair value of the derivative instruments | ' | ' |
Derivative, Fair Value, Net | ' | $9,300 |
Prepaid expenses and other [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative, Fair Value, Net | 211 | 1,406 |
Accrued liabilities and other [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative, Fair Value, Net | -2,121 | -2,488 |
Other long-term liabilities [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative, Fair Value, Net | ' | -7,274 |
Current portion of royalty obligation [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative, Fair Value, Net | -22,590 | -41,146 |
Non-current portion of royalty obligation [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative, Fair Value, Net | -39,406 | -103,952 |
Forward foreign exchange contracts MXN peso [Member] | Prepaid expenses and other [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative, Fair Value, Net | 9 | 376 |
Forward foreign exchange contracts MXN peso [Member] | Accrued liabilities and other [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative, Fair Value, Net | -1,355 | -300 |
Forward foreign exchange contracts MXN peso [Member] | Other long-term liabilities [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative, Fair Value, Net | ' | ' |
Forward foreign exchange contracts MXN peso [Member] | Current portion of royalty obligation [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative, Fair Value, Net | ' | ' |
Forward foreign exchange contracts MXN peso [Member] | Non-current portion of royalty obligation [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative, Fair Value, Net | ' | ' |
Palmarejo gold production royalty [Member] | Prepaid expenses and other [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative, Fair Value, Net | ' | ' |
Palmarejo gold production royalty [Member] | Accrued liabilities and other [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative, Fair Value, Net | ' | ' |
Palmarejo gold production royalty [Member] | Other long-term liabilities [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative, Fair Value, Net | ' | ' |
Palmarejo gold production royalty [Member] | Current portion of royalty obligation [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative, Fair Value, Net | -22,590 | -41,146 |
Palmarejo gold production royalty [Member] | Non-current portion of royalty obligation [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative, Fair Value, Net | -39,406 | -103,952 |
Put and call options, net [Member] | Prepaid expenses and other [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative, Fair Value, Net | ' | ' |
Fair Value, Asian Put Options | 160 | ' |
Put and call options, net [Member] | Accrued liabilities and other [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative, Fair Value, Net | ' | -2,025 |
Put and call options, net [Member] | Other long-term liabilities [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative, Fair Value, Net | ' | -7,274 |
Put and call options, net [Member] | Current portion of royalty obligation [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative, Fair Value, Net | ' | ' |
Put and call options, net [Member] | Non-current portion of royalty obligation [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative, Fair Value, Net | ' | ' |
Concentrate sales contracts [Member] | Prepaid expenses and other [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative, Fair Value, Net | 42 | 1,030 |
Concentrate sales contracts [Member] | Accrued liabilities and other [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative, Fair Value, Net | -766 | -163 |
Concentrate sales contracts [Member] | Other long-term liabilities [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative, Fair Value, Net | ' | ' |
Concentrate sales contracts [Member] | Current portion of royalty obligation [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative, Fair Value, Net | ' | ' |
Concentrate sales contracts [Member] | Non-current portion of royalty obligation [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative, Fair Value, Net | ' | ' |
Derivative_Financial_Instrumen4
Derivative Financial Instruments and Fair Value of Financial Instruments (Details 2) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Fair value adjustments, net | ($20,646) | ($37,648) | $63,905 | ($44,722) |
Fair value adjustments, net | -17,664 | -35,663 | 64,963 | -44,212 |
Concentrate Sales Contracts [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Sales of Metals | 718 | 1,591 | -2,037 | 2,050 |
Forward foreign exchange contract [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Production costs applicable to sales | -99 | 394 | 732 | -1,540 |
Forward foreign exchange contracts MXN peso [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Fair value adjustments, net | 100 | 621 | ' | ' |
Gold Lease Facility [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Fair value adjustments, net | ' | ' | -1,422 | 3,394 |
Silver Ounces Receivables [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Fair value adjustments, net | 0 | 280 | 0 | 302 |
Palmarejo gold production royalty [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Fair value adjustments, net | -15,279 | -34,266 | 60,216 | -45,771 |
Put and call options [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Fair value adjustments, net | ($3,104) | ($4,283) | $7,474 | ($2,647) |
Derivative_Financial_Instrumen5
Derivative Financial Instruments and Fair Value of Financial Instruments (Details Textual) | 3 Months Ended | 9 Months Ended | 12 Months Ended | 3 Months Ended | 9 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Mar. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Jan. 21, 2009 | Sep. 30, 2013 | Sep. 30, 2012 | Mar. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | |
USD ($) | USD ($) | USD ($) | MXN | MXN | oz | Call Option [Member] | Call Option [Member] | Put Option [Member] | Put Option [Member] | Franco-Nevada warrant [Member] | Franco-Nevada warrant [Member] | Franco-Nevada warrant [Member] | Franco-Nevada warrant [Member] | Franco-Nevada warrant [Member] | Gold Put Options Sold [Member] | Gold call options sold [Member] | Palmarejo gold production royalty [Member] | Palmarejo gold production royalty [Member] | Palmarejo gold production royalty [Member] | Forward foreign exchange contracts [Member] | Forward foreign exchange contracts [Member] | Forward foreign exchange contracts [Member] | Forward foreign exchange contracts [Member] | Forward foreign exchange contracts [Member] | Silver [Member] | Silver [Member] | Commodity [Member] | Commodity [Member] | Commodity [Member] | Commodity [Member] | Derivative Instruments Settle in Year Two [Member] | Derivative Instruments Settle in Year Two [Member] | Derivative Instruments Settle in Year Two [Member] | Derivative Instruments Settle in Year Two [Member] | Derivative Instruments Settle in Year Three [Member] | Derivative Instruments Settle in Year Three [Member] | Derivative Instruments Settle in Year Three [Member] | Derivative Instruments Settle in Year Three [Member] | Derivative Instruments Settle Thereafter [Member] | Derivative Instruments Settle Thereafter [Member] | Derivative Instruments Settle Thereafter [Member] | Derivative Instruments Settle Thereafter [Member] | Derivative Instruments Settle in Year One [Member] | Derivative Instruments Settle in Year One [Member] | Derivative Instruments Settle in Year One [Member] | Derivative Instruments Settle in Year One [Member] | Maximum [Member] | Mexican Peso To United States Dollar [Member] | Prepaid Expenses and Other Current Assets [Member] | Prepaid Expenses and Other Current Assets [Member] | Prepaid Expenses and Other Current Assets [Member] | Prepaid Expenses and Other Current Assets [Member] | Prepaid Expenses and Other Current Assets [Member] | Prepaid Expenses and Other Current Assets [Member] | |
oz | oz | oz | oz | oz | oz | oz | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | oz | Mexican peso forward purchase contracts [Member] | Mexican peso forward purchase contracts [Member] | Mexican peso forward purchase contracts [Member] | Mexican peso forward purchase contracts [Member] | Mexican peso forward purchase contracts [Member] | Cerro Bayo Mine [Member] | Cerro Bayo Mine [Member] | USD ($) | USD ($) | USD ($) | USD ($) | Gold put options purchased [Member] | Mexican peso forward purchase contracts [Member] | Mexican peso forward purchase contracts [Member] | Silver put options purchased [Member] | Gold put options purchased [Member] | Mexican peso forward purchase contracts [Member] | Mexican peso forward purchase contracts [Member] | Silver put options purchased [Member] | Gold put options purchased [Member] | Mexican peso forward purchase contracts [Member] | Mexican peso forward purchase contracts [Member] | Silver put options purchased [Member] | Gold put options purchased [Member] | Mexican peso forward purchase contracts [Member] | Mexican peso forward purchase contracts [Member] | Silver put options purchased [Member] | Palmarejo gold production royalty [Member] | MXN | USD ($) | USD ($) | Palmarejo gold production royalty [Member] | Palmarejo gold production royalty [Member] | Gold Put Purchase and Call Sold Options Net [Member] | Gold Put Purchase and Call Sold Options Net [Member] | ||||||
USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | MXN | USD ($) | USD ($) | USD ($) | MXN | USD ($) | USD ($) | USD ($) | MXN | USD ($) | USD ($) | USD ($) | MXN | USD ($) | oz | USD ($) | USD ($) | USD ($) | USD ($) | ||||||||||||||||||||||||||||
oz | oz | oz | oz | oz | oz | oz | oz | ||||||||||||||||||||||||||||||||||||||||||||||||
Derivative [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative, Notional Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0 | ' | 146,460,000 | $0 | $0 | ' | 0 | $0 | $0 | ' | 0 | $0 | ($382,000) | ' | 154,816 | ($186,000) | ' | ' | ' | ' | ' | ' | ' | ' |
Life of Mine Production, Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional Derivative Financial Instruments and Fair Value of Financial Instruments (Textual) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Payment made for gold on the end of royalty obligation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,167 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of Gold Production | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative Average Gold Price in Excess of Minimum Contractual Deduction Rate | 400 | 400 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Annual Inflation Compounding Adjustment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Royalty Guarantees, Commitments, Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 400,000 | ' | ' | ' | ' | ' | ' | ' |
Total gold remain outstanding | 156,493,000 | 156,493,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 156,493,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value Assumptions, Risk Free Interest Rate | 6.26% | ' | 4.20% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative, Average Forward Price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,337 | 1,694 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value liability of the embedded derivative | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 62,000,000 | ' | 62,000,000 | ' | 145,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Company recognized Mark to Market loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,600,000 | 23,400,000 | 83,100,000 | 10,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Realized losses on settlement of the liabilities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,600,000 | 10,900,000 | 22,900,000 | 35,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average exchange rate | ' | ' | ' | ' | 13.11 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12.2 | ' | ' | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 12.9 | ' | ' | 12.55 | ' | ' | ' | ' | ' | ' |
Derivative, Fair Value, Net | ' | ' | 9,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -24,000,000 | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 211,000 | 1,406,000 | ' | ' | ' | ' |
Weighted Average Strike Price of Put Options | ' | ' | ' | 12,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value of foreign exchange contracts | 1,300,000 | 1,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,000,000 | ' | ' | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 12,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Mark-to-market gains and losses on forward foreign exchange contract | 400,000 | 1,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 600,000 | 1,400,000 | 3,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Mark-to-market Realized gains on forward foreign exchange contract | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100,000 | 400,000 | 700,000 | 1,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notional amount of foreign currency derivatives | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 24,000,000 | ' | ' | ' | 26,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted Average Strike Price of Call Options Written | ' | ' | ' | 15.06 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gold under collars protection | ' | ' | ' | ' | ' | ' | 12,500 | 97,000 | 25,000 | 122,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gold put options settled | 97,000 | 97,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding Call Options of Gold | ' | ' | ' | ' | ' | 84,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative Average Price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | 0 | 0 | ' | ' | 0 | 0 | ' | ' | 0 | 1,200 | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value, Asian Put Options | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 160,000 | ' |
Unrealized Gain/Loss, Asian Put Options | 400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted Average Put Feature of Each Collar | ' | ' | 967.86 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted Average Call Feature of Each Collar | ' | ' | 1,967.89 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Contract expiration date | ' | ' | ' | ' | ' | ' | ' | ' | '3 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrealized gain | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,400,000 | 3,600,000 | 9,300,000 | 1,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value of the contract | 160,000 | 160,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 33,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative, Nonmonetary Notional Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | 0 | 0 | ' | ' | 0 | 0 | ' | ' | 0 | 25,000 | ' | ' | 1,250,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative Financial Instruments and Fair Value of Financial Instruments (Textual) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding provisionally priced sales consists of silver | 100,000 | 100,000 | 400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding provisionally priced sales consists of Gold | 26,265 | 26,265 | 11,957 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding provisionally priced sales | $0 | $0 | $34,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Commitment_and_Contigencies_De
Commitment and Contigencies (Details Textual) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | |||||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jan. 21, 2009 | Sep. 30, 2013 | Mar. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jul. 07, 1995 | Sep. 30, 2013 | Jul. 07, 1995 | Jul. 07, 1995 | Sep. 30, 2013 | |
oz | oz | Rochester [Member] | Rochester [Member] | Rochester [Member] | Rochester [Member] | Echo Bay [Member] | Kensington [Member] | Kensington [Member] | Coeur Alaska Inc [Member] | Palmarejo gold production royalty [Member] | ||||
m | m | oz | oz | |||||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Bolivian Mining Elevation Restriction | 4,400 | ' | 4,400 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
One-Time Cash Payment for Mining Claim Settlement | ' | ' | $10,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Commitment and Contingencies (Textual) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Acquisition of ownership interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | 100.00% | ' | ' |
Volume related to net smelter return royalty of future gold production | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000,000 | ' | ' | ' | ' |
Purchase price and construction and development expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 32,500,000 | ' |
Minimum royalty range for gold price per ounce | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | ' | ' | ' |
Gold price per ounce for minimum royalty range | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 400 | ' | ' | ' |
Maximum royalty range for gold price per ounce | ' | ' | ' | ' | ' | 5.00% | ' | ' | ' | ' | 2.50% | ' | ' | ' |
Gold price per ounce for maximum royalty range | ' | ' | ' | ' | ' | 23.6 | ' | ' | ' | ' | 475 | ' | ' | ' |
Royalty expenses | ' | ' | ' | ' | ' | 0 | 800,000 | 1,000,000 | 2,000,000 | ' | ' | ' | ' | ' |
Further Payment Made on Number of Additional Ounces of Gold | 156,493,000 | ' | 156,493,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 156,493,000 |
NSR royalty percentage | 3.40% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
NSR royalty maximum amount | 39,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain (Loss) Related to Litigation Settlement | 0 | 0 | -32,046,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Mexican Import Tax Potential Settlement | $1,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional Commitment and Contingencies (Textual) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Royalty to be capped in terms of ounces of production | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Purchased royalty | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Royalty agreement minimum obligation for the period | 400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Royalty Agreement Minimum Obligation for Per Month | 4,167 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Royalty Agreement Period | ' | ' | ' | ' | '8 years | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Significant_Customers_Details
Significant Customers (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Auramet [Member] | Kensington [Member] | ' | ' | ' | ' |
Customers total revenue | ' | ' | ' | ' |
Customers total revenue | $28.50 | $32 | ' | ' |
Auramet [Member] | Palmarejo San Bartolome [Member] | ' | ' | ' | ' |
Customers total revenue | ' | ' | ' | ' |
Customers total revenue | ' | ' | 97.4 | 65.5 |
Valcambi [Member] | Palmarejo San Bartolome [Member] | ' | ' | ' | ' |
Customers total revenue | ' | ' | ' | ' |
Customers total revenue | 22.5 | 112.7 | 61.9 | 368.9 |
International Commodities [Member] | Palmarejo [Member] | ' | ' | ' | ' |
Customers total revenue | ' | ' | ' | ' |
Customers total revenue | 41.5 | 10.8 | ' | ' |
International Commodities [Member] | Palmarejo San Bartolome Rochester [Member] | ' | ' | ' | ' |
Customers total revenue | ' | ' | ' | ' |
Customers total revenue | ' | ' | 82 | 34.7 |
Mitsui [Member] | Palmarejo [Member] | ' | ' | ' | ' |
Customers total revenue | ' | ' | ' | ' |
Customers total revenue | 0 | 0 | ' | ' |
TD Bank Group [Member] | Palmarejo [Member] | ' | ' | ' | ' |
Customers total revenue | ' | ' | ' | ' |
Customers total revenue | 28.9 | 19.4 | 78.1 | 44.6 |
China Gold [Member] | Kensington [Member] | ' | ' | ' | ' |
Customers total revenue | ' | ' | ' | ' |
Customers total revenue | $21.30 | $9.60 | ' | ' |
Sales Revenue, Segment [Member] | ' | ' | ' | ' |
Revenue, Major Customer [Line Items] | ' | ' | ' | ' |
Concentration Risk, Percentage | 10.00% | 10.00% | 10.00% | 10.00% |
Significant_Customers_Details_
Significant Customers (Details Textual) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Significant Customers (Textual) [Abstract] | ' | ' |
Approximate percentage of sales of metals to counterparties companies related to metal sales | 83.00% | 92.00% |
Approximate percentage of sales of silver concentrates to third party smelters related to metal sales | 17.00% | 8.00% |
Segment_Reporting_Details
Segment Reporting (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | ||||
Financial information relating to reporting segments | ' | ' | ' | ' | ' | ||||
Sales of metal | $200,825 | $230,593 | $577,147 | $689,563 | ' | ||||
Production costs applicable to sales | -131,728 | -124,967 | -363,437 | -349,344 | ' | ||||
Depreciation, Depletion and Amortization | -60,874 | -52,844 | -168,963 | -166,460 | ' | ||||
Gross profit | 8,223 | 52,782 | 44,747 | 173,759 | ' | ||||
Exploration | 3,305 | 6,957 | 16,920 | 19,829 | ' | ||||
Loss on impairment | 0 | 1,293 | 205 | 6,106 | ' | ||||
Other operating expenses | ' | 0 | 1,888 | 0 | ' | ||||
OPERATING INCOME (LOSS) | -15,277 | 33,989 | -55,330 | 119,750 | ' | ||||
Interest and Other Income | -1,791 | 13,269 | 2,484 | 15,055 | ' | ||||
Interest Expense | -9,662 | -7,351 | -30,324 | -21,578 | ' | ||||
Fair value adjustments, net | -20,646 | -37,648 | 63,905 | -44,722 | ' | ||||
Income tax provision | 1,981 | -17,475 | -31,673 | -56,773 | ' | ||||
NET INCOME (LOSS) | -46,265 | -15,821 | -69,035 | 11,127 | ' | ||||
Capital expenditures | 32,726 | 29,972 | 72,754 | 93,857 | ' | ||||
Assets | 3,636,917 | ' | 3,636,917 | ' | 3,221,401 | ||||
Palmarejo [Member] | ' | ' | ' | ' | ' | ||||
Financial information relating to reporting segments | ' | ' | ' | ' | ' | ||||
Sales of metal | 104,524 | 102,642 | 248,167 | 362,729 | ' | ||||
Production costs applicable to sales | -66,839 | -48,672 | -148,776 | -157,070 | ' | ||||
Depreciation, Depletion and Amortization | -33,654 | -34,007 | -98,161 | -114,525 | ' | ||||
Gross profit | 4,031 | 19,963 | 1,230 | 91,134 | ' | ||||
Exploration | 860 | 2,288 | 6,029 | 5,232 | ' | ||||
Loss on impairment | ' | 0 | 0 | 0 | ' | ||||
Other operating expenses | 0 | 0 | 0 | 0 | ' | ||||
OPERATING INCOME (LOSS) | 3,171 | 17,675 | -4,799 | 85,902 | ' | ||||
Interest and Other Income | -2,281 | 4,914 | -768 | 4,774 | ' | ||||
Interest Expense | -2,925 | -4,401 | -10,853 | -14,883 | ' | ||||
Fair value adjustments, net | -15,260 | -34,266 | 60,234 | -45,771 | ' | ||||
Income tax provision | 1,564 | 5,495 | -17,383 | -10,015 | ' | ||||
NET INCOME (LOSS) | -15,731 | -10,583 | 26,431 | 20,007 | ' | ||||
Capital expenditures | 10,290 | [1] | 11,321 | [1] | 24,770 | [1] | 29,665 | [1] | ' |
Assets | 1,825,599 | [2] | 1,926,695 | [2] | 1,825,599 | [2] | 1,926,695 | [2] | ' |
San Bartolome [Member] | ' | ' | ' | ' | ' | ||||
Financial information relating to reporting segments | ' | ' | ' | ' | ' | ||||
Sales of metal | 28,819 | 46,192 | 111,196 | 140,951 | ' | ||||
Production costs applicable to sales | -17,673 | -19,937 | -66,165 | -56,317 | ' | ||||
Depreciation, Depletion and Amortization | -4,909 | -4,163 | -14,606 | -12,452 | ' | ||||
Gross profit | 6,237 | 22,092 | 30,425 | 72,182 | ' | ||||
Exploration | -3 | 50 | 76 | 51 | ' | ||||
Loss on impairment | ' | 0 | 0 | 0 | ' | ||||
Other operating expenses | 1,969 | 50 | 5,691 | 80 | ' | ||||
OPERATING INCOME (LOSS) | 4,271 | 21,992 | 24,658 | 72,051 | ' | ||||
Interest and Other Income | 582 | 8,353 | 1,871 | 9,079 | ' | ||||
Interest Expense | -12 | -11 | -59 | -47 | ' | ||||
Fair value adjustments, net | 0 | 0 | 0 | 0 | ' | ||||
Income tax provision | -4,648 | -23,106 | -13,482 | -41,684 | ' | ||||
NET INCOME (LOSS) | 193 | 7,228 | 12,988 | 39,399 | ' | ||||
Capital expenditures | 4,166 | [1] | 4,406 | [1] | 7,782 | [1] | 22,413 | [1] | ' |
Assets | 289,274 | [2] | 299,041 | [2] | 289,274 | [2] | 299,041 | [2] | ' |
Kensington [Member] | ' | ' | ' | ' | ' | ||||
Financial information relating to reporting segments | ' | ' | ' | ' | ' | ||||
Sales of metal | 38,927 | 36,450 | 109,053 | 67,950 | ' | ||||
Production costs applicable to sales | -27,484 | -26,881 | -81,203 | -60,078 | ' | ||||
Depreciation, Depletion and Amortization | -18,190 | -11,512 | -44,837 | -27,836 | ' | ||||
Gross profit | -6,747 | -1,943 | -16,987 | -19,964 | ' | ||||
Exploration | 1,496 | 1,476 | 2,732 | 1,971 | ' | ||||
Loss on impairment | ' | 0 | 0 | 0 | ' | ||||
Other operating expenses | -6 | 39 | 204 | 75 | ' | ||||
OPERATING INCOME (LOSS) | -8,237 | -3,458 | -19,923 | -22,010 | ' | ||||
Interest and Other Income | 0 | 0 | 281 | 1 | ' | ||||
Interest Expense | -51 | -1,834 | -405 | -3,627 | ' | ||||
Fair value adjustments, net | -2,952 | -4,283 | 7,626 | -2,647 | ' | ||||
Income tax provision | 0 | 0 | -1 | 0 | ' | ||||
NET INCOME (LOSS) | -11,240 | -9,575 | -12,422 | -28,283 | ' | ||||
Capital expenditures | 4,934 | [1] | 9,034 | [1] | 15,670 | [1] | 29,235 | [1] | ' |
Assets | 481,613 | [2] | 520,619 | [2] | 481,613 | [2] | 520,619 | [2] | ' |
Rochester [Member] | ' | ' | ' | ' | ' | ||||
Financial information relating to reporting segments | ' | ' | ' | ' | ' | ||||
Sales of metal | 24,259 | 36,244 | 98,636 | 89,156 | ' | ||||
Production costs applicable to sales | -17,861 | -21,014 | -62,418 | -51,331 | ' | ||||
Depreciation, Depletion and Amortization | -2,860 | -2,061 | -7,365 | -5,763 | ' | ||||
Gross profit | 3,538 | 13,169 | 28,853 | 32,062 | ' | ||||
Exploration | 624 | 1,158 | 1,621 | 3,003 | ' | ||||
Loss on impairment | ' | 0 | 0 | 0 | ' | ||||
Other operating expenses | 173 | 1,109 | 34,494 | 3,142 | ' | ||||
OPERATING INCOME (LOSS) | 2,741 | 10,902 | -7,262 | 25,917 | ' | ||||
Interest and Other Income | 60 | 59 | 117 | 347 | ' | ||||
Interest Expense | -5 | -6 | -16 | -21 | ' | ||||
Fair value adjustments, net | -2,363 | 0 | -2,363 | 0 | ' | ||||
Income tax provision | 0 | 0 | 0 | 0 | ' | ||||
NET INCOME (LOSS) | 433 | 10,955 | -9,524 | 26,243 | ' | ||||
Capital expenditures | 12,267 | [1] | 4,777 | [1] | 22,161 | [1] | 10,362 | [1] | ' |
Assets | 161,993 | [2] | 104,066 | [2] | 161,993 | [2] | 104,066 | [2] | ' |
Martha [Member] | ' | ' | ' | ' | ' | ||||
Financial information relating to reporting segments | ' | ' | ' | ' | ' | ||||
Sales of metal | 0 | 4,933 | -662 | 12,700 | ' | ||||
Production costs applicable to sales | 0 | -6,481 | 0 | -17,276 | ' | ||||
Depreciation, Depletion and Amortization | -108 | -32 | -338 | -1,332 | ' | ||||
Gross profit | -108 | -1,580 | -1,000 | -5,908 | ' | ||||
Exploration | 282 | 1,217 | 4,460 | 7,391 | ' | ||||
Loss on impairment | ' | 1,293 | 205 | 6,106 | ' | ||||
Other operating expenses | 738 | 133 | 2,643 | 411 | ' | ||||
OPERATING INCOME (LOSS) | -1,128 | -4,223 | -8,308 | -19,816 | ' | ||||
Interest and Other Income | -595 | -342 | 166 | -912 | ' | ||||
Interest Expense | 0 | -2 | 0 | -3 | ' | ||||
Fair value adjustments, net | 0 | 0 | 0 | 0 | ' | ||||
Income tax provision | 5 | 1,233 | -38 | 993 | ' | ||||
NET INCOME (LOSS) | -1,718 | -3,334 | -8,180 | -19,738 | ' | ||||
Capital expenditures | 0 | [1] | 6 | [1] | 10 | [1] | 1,194 | [1] | ' |
Assets | 6,146 | [2] | 11,339 | [2] | 6,146 | [2] | 11,339 | [2] | ' |
Endeavor [Member] | ' | ' | ' | ' | ' | ||||
Financial information relating to reporting segments | ' | ' | ' | ' | ' | ||||
Sales of metal | 4,296 | 4,132 | 10,757 | 16,077 | ' | ||||
Production costs applicable to sales | -1,871 | -1,982 | -4,874 | -7,272 | ' | ||||
Depreciation, Depletion and Amortization | -894 | -898 | -2,938 | -4,134 | ' | ||||
Gross profit | 1,531 | 1,252 | 2,945 | 4,671 | ' | ||||
Exploration | 0 | 0 | 0 | 0 | ' | ||||
Loss on impairment | ' | 0 | 0 | 0 | ' | ||||
Other operating expenses | 0 | 0 | 0 | 0 | ' | ||||
OPERATING INCOME (LOSS) | 1,531 | 1,252 | 2,945 | 4,671 | ' | ||||
Interest and Other Income | 0 | 0 | 0 | 0 | ' | ||||
Interest Expense | 0 | 0 | 0 | 0 | ' | ||||
Fair value adjustments, net | 0 | 0 | 0 | 0 | ' | ||||
Income tax provision | 0 | -202 | 0 | -202 | ' | ||||
NET INCOME (LOSS) | 1,531 | 1,050 | 2,945 | 4,469 | ' | ||||
Capital expenditures | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' |
Assets | 27,938 | [2] | 32,619 | [2] | 27,938 | [2] | 32,619 | [2] | ' |
Joaquin [Member] | ' | ' | ' | ' | ' | ||||
Financial information relating to reporting segments | ' | ' | ' | ' | ' | ||||
Sales of metal | 0 | 0 | 0 | ' | ' | ||||
Production costs applicable to sales | 0 | 0 | 0 | 0 | ' | ||||
Depreciation, Depletion and Amortization | -11 | 0 | -12 | 0 | ' | ||||
Gross profit | -11 | 0 | -12 | 0 | ' | ||||
Exploration | -671 | 0 | 19 | 0 | ' | ||||
Loss on impairment | ' | 0 | 0 | 0 | ' | ||||
Other operating expenses | 1,888 | ' | ' | ' | ' | ||||
OPERATING INCOME (LOSS) | -1,228 | 0 | -1,919 | 0 | ' | ||||
Interest and Other Income | 19 | 0 | 8 | 0 | ' | ||||
Interest Expense | 0 | 0 | 0 | 0 | ' | ||||
Fair value adjustments, net | 0 | 0 | 0 | 0 | ' | ||||
Income tax provision | 0 | 0 | 0 | 0 | ' | ||||
NET INCOME (LOSS) | -1,209 | 0 | -1,911 | 0 | ' | ||||
Capital expenditures | 358 | [1] | 0 | [1] | 1,093 | [1] | 0 | [1] | ' |
Assets | 410,085 | [2] | 0 | [2] | 410,085 | [2] | 0 | [2] | ' |
Other Mining Properties [Member] | ' | ' | ' | ' | ' | ||||
Financial information relating to reporting segments | ' | ' | ' | ' | ' | ||||
Sales of metal | 0 | 0 | 0 | 0 | ' | ||||
Production costs applicable to sales | 0 | 0 | -1 | 0 | ' | ||||
Depreciation, Depletion and Amortization | -248 | -171 | -706 | -418 | ' | ||||
Gross profit | -248 | -171 | -707 | -418 | ' | ||||
Exploration | 717 | 768 | 1,983 | 2,181 | ' | ||||
Loss on impairment | ' | 0 | 0 | 0 | ' | ||||
Other operating expenses | 15,433 | 9,212 | 38,032 | 24,366 | ' | ||||
OPERATING INCOME (LOSS) | -16,398 | -10,151 | -40,722 | -26,965 | ' | ||||
Interest and Other Income | -446 | -320 | -17,288 | 1,161 | ' | ||||
Interest Expense | -6,669 | -1,097 | -18,991 | -2,997 | ' | ||||
Fair value adjustments, net | -71 | 901 | -1,592 | 3,696 | ' | ||||
Income tax provision | 5,060 | -895 | -769 | -5,865 | ' | ||||
NET INCOME (LOSS) | -18,524 | -11,562 | -79,362 | -30,970 | ' | ||||
Capital expenditures | 711 | [1] | 428 | [1] | 1,268 | [1] | 988 | [1] | ' |
Assets | 109,520 | [2] | 18,613 | [2] | 109,520 | [2] | 18,613 | [2] | ' |
Reportable Segment [Member] | ' | ' | ' | ' | ' | ||||
Financial information relating to reporting segments | ' | ' | ' | ' | ' | ||||
Sales of metal | 200,825 | 230,593 | 577,147 | 689,563 | ' | ||||
Production costs applicable to sales | -131,728 | -124,967 | -363,437 | -349,344 | ' | ||||
Depreciation, Depletion and Amortization | -60,874 | -52,844 | -168,963 | -166,460 | ' | ||||
Gross profit | 8,223 | 52,782 | 44,747 | 173,759 | ' | ||||
Exploration | 3,305 | 6,957 | 16,920 | 19,829 | ' | ||||
Loss on impairment | ' | 1,293 | 205 | 6,106 | ' | ||||
Other operating expenses | 20,195 | 10,543 | 82,952 | 28,074 | ' | ||||
OPERATING INCOME (LOSS) | -15,277 | 33,989 | -55,330 | 119,750 | ' | ||||
Interest and Other Income | -2,661 | 12,664 | -15,613 | 14,450 | ' | ||||
Interest Expense | -9,662 | -7,351 | -30,324 | -21,578 | ' | ||||
Fair value adjustments, net | -20,646 | -37,648 | 63,905 | -44,722 | ' | ||||
Income tax provision | 1,981 | -17,475 | -31,673 | -56,773 | ' | ||||
NET INCOME (LOSS) | -46,265 | -15,821 | -69,035 | 11,127 | ' | ||||
Capital expenditures | 32,726 | [1] | 29,972 | [1] | 72,754 | [1] | 93,857 | [1] | ' |
Assets | $3,312,168 | [2] | $2,912,992 | [2] | $3,312,168 | [2] | $2,912,992 | [2] | ' |
[1] | Three months ended September 30, 2012PalmarejoMineB San BartolomC)MineB KensingtonMineB RochesterMineB MarthaMineB EndeavorMineB La PreciosaB OtherB TotalSales of metals$102,642B $46,192B $36,450B $36,244B $4,933B $4,132B $bB $bB $230,593Production costs applicable to sales(48,672)B (19,937)B (26,881)B (21,014)B (6,481)B (1,982)B bB bB (124,967)Depreciation and depletion(34,007)B (4,163)B (11,512)B (2,061)B (32)B (898)B bB (171)B (52,844)Gross profit19,963B 22,092B (1,943)B 13,169B (1,580)B 1,252B bB (171)B 52,782Exploration expense2,288B 50B 1,476B 1,158B 1,217B bB bB 768B 6,957Loss on impairmentbB bB bB bB 1,293B bB bB bB 1,293Other operating expensesbB 50B 39B 1,109B 133B bB bB 9,212B 10,543OPERATING INCOME / LOSS17,675B 21,992B (3,458)B 10,902B (4,223)B 1,252B bB (10,151)B 33,989Interest and other income, net4,914B 8,353B bB 59B (342)B bB bB (320)B 12,664Interest expense(4,401)B (11)B (1,834)B (6)B (2)B bB bB (1,097)B (7,351)Fair value adjustments, net(34,266)B bB (4,283)B bB bB bB bB 901B (37,648)Income tax benefit (expense)5,495B (23,106)B bB bB 1,233B (202)B bB (895)B (17,475)Net income (loss)$(10,583)B $7,228B $(9,575)B $10,955B $(3,334)B $1,050B $bB $(11,562)B $(15,821)Segment assets (A)$1,926,695B $299,041B $520,619B $104,066B $11,339B $32,619B $bB $18,613B $2,912,992Capital expenditures (B)$11,321B $4,406B $9,034B $4,777B $6B $bB $bB $428B $29,972 | ||||||||
[2] |
Segment_Reporting_Details_1
Segment Reporting (Details 1) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | ||
In Thousands, unless otherwise specified | ||||||||
Assets | ' | ' | ' | ' | ' | ' | ||
Cash and cash equivalents | $211,434 | $249,531 | $125,440 | $142,915 | $199,397 | $175,012 | ||
Short term investments | 0 | ' | 999 | ' | ' | ' | ||
Other assets | 113,315 | ' | 120,906 | ' | ' | ' | ||
TOTAL ASSETS | 3,636,917 | ' | 3,221,401 | ' | ' | ' | ||
Reportable Segment [Member] | ' | ' | ' | ' | ' | ' | ||
Assets | ' | ' | ' | ' | ' | ' | ||
Total assets for reportable segments | 3,312,168 | ' | 2,974,056 | ' | ' | ' | ||
TOTAL ASSETS | $3,312,168 | [1] | ' | ' | $2,912,992 | [1] | ' | ' |
[1] |
Segment_Reporting_Details_2
Segment Reporting (Details 2) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Long Lived Assets | ' | ' | ' | ' | ' |
Long Lived Assets, Total | $3,015,590 | ' | $3,015,590 | ' | $2,675,811 |
Revenues | ' | ' | ' | ' | ' |
Sales of metal | 200,825 | 230,593 | 577,147 | 689,563 | ' |
UNITED STATES | ' | ' | ' | ' | ' |
Long Lived Assets | ' | ' | ' | ' | ' |
Long Lived Assets in Entity's Country of Domicile | 525,573 | ' | 525,573 | ' | 514,687 |
Revenues | ' | ' | ' | ' | ' |
Sales of metal | 63,186 | 72,694 | 207,689 | 157,106 | ' |
AUSTRALIA | ' | ' | ' | ' | ' |
Long Lived Assets | ' | ' | ' | ' | ' |
Long Lived Assets in Individual Foreign Countries | 26,469 | ' | 26,469 | ' | 29,408 |
Revenues | ' | ' | ' | ' | ' |
Sales of metal | 4,296 | 4,132 | 10,757 | 16,077 | ' |
ARGENTINA | ' | ' | ' | ' | ' |
Long Lived Assets | ' | ' | ' | ' | ' |
Long Lived Assets in Individual Foreign Countries | 94,844 | ' | 94,844 | ' | 95,134 |
Revenues | ' | ' | ' | ' | ' |
Sales of metal | 0 | 4,933 | -662 | 12,700 | ' |
BOLIVIA | ' | ' | ' | ' | ' |
Long Lived Assets | ' | ' | ' | ' | ' |
Long Lived Assets in Individual Foreign Countries | 235,059 | ' | 235,059 | ' | 240,905 |
Revenues | ' | ' | ' | ' | ' |
Sales of metal | 28,819 | 46,192 | 111,196 | 140,951 | ' |
MEXICO | ' | ' | ' | ' | ' |
Long Lived Assets | ' | ' | ' | ' | ' |
Long Lived Assets in Individual Foreign Countries | 2,133,645 | ' | 2,133,645 | ' | 1,795,677 |
Revenues | ' | ' | ' | ' | ' |
Sales of metal | $104,524 | $102,642 | $248,167 | $362,729 | ' |
Supplemental_Guarantor_Informa2
Supplemental Guarantor Information Condensed Consolidated Balance Sheets (Details) (USD $) | Sep. 30, 2013 | Jan. 29, 2013 | Dec. 31, 2012 |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Cash Equivalents, at Carrying Value | $211,434,000 | ' | $125,440,000 |
Available-for-sale Securities, Debt Securities, Current | 0 | ' | 999,000 |
Accounts Receivable, Net, Current | 74,417,000 | ' | 62,438,000 |
Ore on Leach Pad, Current | 39,880,000 | ' | 22,991,000 |
Inventory, Net | 123,537,000 | ' | 170,670,000 |
Deferred Tax Assets, Gross, Current | 2,713,000 | ' | 2,458,000 |
Restricted Cash and Cash Equivalents, Current | 2,015,000 | ' | 396,000 |
Other Assets, Current | 26,778,000 | ' | 20,790,000 |
Assets, Current | 480,774,000 | ' | 406,182,000 |
Property, Plant and Equipment, Net | 649,591,000 | ' | 684,002,000 |
Mining Properties | 2,365,999,000 | ' | 1,991,809,000 |
Ore on Leach Pad, Non-Current Portion | 31,966,000 | ' | 21,356,000 |
Restricted Cash and Cash Equivalents, Noncurrent | 24,914,000 | ' | 24,970,000 |
Available-for-sale Securities, Equity Securities, Noncurrent | ' | ' | 27,065,000 |
Accounts Receivable, Net, Noncurrent | 37,191,000 | ' | 48,767,000 |
Unamortized Debt Issuance Expense | 11,351,000 | ' | 3,713,000 |
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent | 1,104,000 | ' | 955,000 |
Other Assets, Noncurrent | 16,411,000 | ' | 12,582,000 |
Assets | 3,636,917,000 | ' | 3,221,401,000 |
Accounts Payable, Current | 63,610,000 | ' | 57,482,000 |
Other Liabilities, Current | 9,589,000 | ' | 10,002,000 |
Accrued Income Taxes, Current | 8,529,000 | ' | 27,108,000 |
Employee-related Liabilities, Current | 19,295,000 | ' | 21,306,000 |
Interest Payable, Current | 4,028,000 | ' | 478,000 |
Debt, Current | 3,868,000 | ' | 55,983,000 |
Current Portion of Royalty Obligation | 49,069,000 | ' | 65,104,000 |
Accrued Reclamation Costs, Current | 443,000 | ' | 668,000 |
Deferred Tax Liabilities, Net, Current | 121,000 | ' | 121,000 |
Liabilities, Current | 158,552,000 | ' | 238,252,000 |
Long-term Debt and Capital Lease Obligations | 306,372,000 | ' | 3,460,000 |
Noncurrent Portion of Royalty Obligation | 90,892,000 | ' | 141,879,000 |
Mine Reclamation and Closing Liability, Noncurrent | 55,872,000 | ' | 34,670,000 |
Deferred Tax Liabilities, Net, Noncurrent | 709,910,000 | ' | 577,488,000 |
Other Liabilities, Noncurrent | 23,371,000 | ' | 27,372,000 |
Intercompany Payable Receivable | 0 | ' | 0 |
Liabilities, Noncurrent | 1,186,417,000 | ' | 784,869,000 |
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 0 | ' | 0 |
Common Stock, Value, Issued | 1,006,000 | ' | 903,000 |
Additional Paid in Capital, Common Stock | 2,756,377,000 | ' | 2,601,254,000 |
Retained Earnings (Accumulated Deficit) | -465,191,000 | ' | -396,156,000 |
Accumulated Other Comprehensive Income (Loss), Net of Tax | -244,000 | ' | -7,721,000 |
Stockholders' Equity Attributable to Parent | 2,291,948,000 | ' | 2,198,280,000 |
Liabilities and Equity | 3,636,917,000 | ' | 3,221,401,000 |
Coeur Mining, Inc. | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Cash Equivalents, at Carrying Value | 131,811,000 | ' | 86,788,000 |
Available-for-sale Securities, Debt Securities, Current | 0 | ' | 999,000 |
Accounts Receivable, Net, Current | 353,000 | ' | 8,520,000 |
Ore on Leach Pad, Current | 0 | ' | 0 |
Inventory, Net | 0 | ' | 0 |
Deferred Tax Assets, Gross, Current | 0 | ' | 0 |
Restricted Cash and Cash Equivalents, Current | 0 | ' | 0 |
Other Assets, Current | 6,682,000 | ' | 3,395,000 |
Assets, Current | 138,846,000 | ' | 99,702,000 |
Property, Plant and Equipment, Net | 6,085,000 | ' | 4,183,000 |
Mining Properties | 0 | ' | 0 |
Ore on Leach Pad, Non-Current Portion | 0 | ' | 0 |
Restricted Cash and Cash Equivalents, Noncurrent | 18,695,000 | ' | 18,922,000 |
Available-for-sale Securities, Equity Securities, Noncurrent | 17,616,000 | ' | 27,065,000 |
Accounts Receivable, Net, Noncurrent | 0 | ' | 0 |
Unamortized Debt Issuance Expense | 11,351,000 | ' | 3,713,000 |
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent | 955,000 | ' | 955,000 |
Other Assets, Noncurrent | 53,194,000 | ' | 39,120,000 |
Assets | 2,098,889,000 | ' | 1,747,094,000 |
Accounts Payable, Current | 5,287,000 | ' | 2,954,000 |
Other Liabilities, Current | 2,335,000 | ' | 1,418,000 |
Accrued Income Taxes, Current | 34,000 | ' | 257,000 |
Employee-related Liabilities, Current | 4,934,000 | ' | 7,477,000 |
Interest Payable, Current | 4,012,000 | ' | 463,000 |
Debt, Current | 0 | ' | 48,081,000 |
Current Portion of Royalty Obligation | 0 | ' | 0 |
Accrued Reclamation Costs, Current | 0 | ' | 0 |
Deferred Tax Liabilities, Net, Current | 0 | ' | 0 |
Liabilities, Current | 16,602,000 | ' | 60,650,000 |
Long-term Debt and Capital Lease Obligations | 305,334,000 | ' | 0 |
Noncurrent Portion of Royalty Obligation | 0 | ' | 0 |
Mine Reclamation and Closing Liability, Noncurrent | 0 | ' | 0 |
Deferred Tax Liabilities, Net, Noncurrent | 113,130,000 | ' | 115,425,000 |
Other Liabilities, Noncurrent | 2,299,000 | ' | 955,000 |
Intercompany Payable Receivable | -630,424,000 | ' | -628,216,000 |
Liabilities, Noncurrent | -209,661,000 | ' | -511,836,000 |
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 1,852,147,000 | ' | 1,553,434,000 |
Common Stock, Value, Issued | 1,006,000 | ' | 903,000 |
Additional Paid in Capital, Common Stock | 2,756,377,000 | ' | 2,601,254,000 |
Retained Earnings (Accumulated Deficit) | -465,191,000 | ' | -396,156,000 |
Accumulated Other Comprehensive Income (Loss), Net of Tax | -244,000 | ' | -7,721,000 |
Stockholders' Equity Attributable to Parent | 2,291,948,000 | ' | 2,198,280,000 |
Liabilities and Equity | 2,098,889,000 | ' | 1,747,094,000 |
Guarantor Subsidiaries | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Cash Equivalents, at Carrying Value | 399,000 | ' | 400,000 |
Available-for-sale Securities, Debt Securities, Current | 0 | ' | 0 |
Accounts Receivable, Net, Current | 16,517,000 | ' | 7,643,000 |
Ore on Leach Pad, Current | 39,880,000 | ' | 22,991,000 |
Inventory, Net | 31,511,000 | ' | 45,906,000 |
Deferred Tax Assets, Gross, Current | 0 | ' | 0 |
Restricted Cash and Cash Equivalents, Current | 0 | ' | 0 |
Other Assets, Current | 6,036,000 | ' | 5,947,000 |
Assets, Current | 94,343,000 | ' | 82,887,000 |
Property, Plant and Equipment, Net | 195,966,000 | ' | 208,857,000 |
Mining Properties | 323,060,000 | ' | 301,506,000 |
Ore on Leach Pad, Non-Current Portion | 31,966,000 | ' | 21,356,000 |
Restricted Cash and Cash Equivalents, Noncurrent | 60,000 | ' | 60,000 |
Available-for-sale Securities, Equity Securities, Noncurrent | 0 | ' | 0 |
Accounts Receivable, Net, Noncurrent | 0 | ' | 0 |
Unamortized Debt Issuance Expense | 0 | ' | 0 |
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent | 0 | ' | 0 |
Other Assets, Noncurrent | 12,232,000 | ' | 12,360,000 |
Assets | 657,627,000 | ' | 627,026,000 |
Accounts Payable, Current | 18,755,000 | ' | 17,211,000 |
Other Liabilities, Current | 864,000 | ' | 4,014,000 |
Accrued Income Taxes, Current | 0 | ' | 0 |
Employee-related Liabilities, Current | 6,465,000 | ' | 8,158,000 |
Interest Payable, Current | 4,000 | ' | 5,000 |
Debt, Current | 1,784,000 | ' | 3,013,000 |
Current Portion of Royalty Obligation | 2,428,000 | ' | 0 |
Accrued Reclamation Costs, Current | 0 | ' | 0 |
Deferred Tax Liabilities, Net, Current | 0 | ' | 0 |
Liabilities, Current | 30,300,000 | ' | 32,401,000 |
Long-term Debt and Capital Lease Obligations | 283,000 | ' | 1,675,000 |
Noncurrent Portion of Royalty Obligation | 21,981,000 | ' | 0 |
Mine Reclamation and Closing Liability, Noncurrent | 43,993,000 | ' | 23,149,000 |
Deferred Tax Liabilities, Net, Noncurrent | 0 | ' | 0 |
Other Liabilities, Noncurrent | 329,000 | ' | 8,086,000 |
Intercompany Payable Receivable | 412,112,000 | ' | 390,480,000 |
Liabilities, Noncurrent | 478,698,000 | ' | 423,390,000 |
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 0 | ' | 0 |
Common Stock, Value, Issued | 350,000 | ' | 350,000 |
Additional Paid in Capital, Common Stock | 107,734,000 | ' | 107,734,000 |
Retained Earnings (Accumulated Deficit) | 40,545,000 | ' | 63,151,000 |
Accumulated Other Comprehensive Income (Loss), Net of Tax | 0 | ' | 0 |
Stockholders' Equity Attributable to Parent | 148,629,000 | ' | 171,235,000 |
Liabilities and Equity | 657,627,000 | ' | 627,026,000 |
Non-Guarantor Subsidiaries | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Cash Equivalents, at Carrying Value | 79,224,000 | ' | 38,252,000 |
Available-for-sale Securities, Debt Securities, Current | 0 | ' | 0 |
Accounts Receivable, Net, Current | 57,547,000 | ' | 46,275,000 |
Ore on Leach Pad, Current | 0 | ' | 0 |
Inventory, Net | 92,026,000 | ' | 124,764,000 |
Deferred Tax Assets, Gross, Current | 2,713,000 | ' | 2,458,000 |
Restricted Cash and Cash Equivalents, Current | 2,015,000 | ' | 396,000 |
Other Assets, Current | 14,060,000 | ' | 11,448,000 |
Assets, Current | 247,585,000 | ' | 223,593,000 |
Property, Plant and Equipment, Net | 447,540,000 | ' | 470,962,000 |
Mining Properties | 2,042,939,000 | ' | 1,690,303,000 |
Ore on Leach Pad, Non-Current Portion | 0 | ' | 0 |
Restricted Cash and Cash Equivalents, Noncurrent | 6,159,000 | ' | 5,988,000 |
Available-for-sale Securities, Equity Securities, Noncurrent | 0 | ' | 0 |
Accounts Receivable, Net, Noncurrent | 37,191,000 | ' | 48,767,000 |
Unamortized Debt Issuance Expense | 0 | ' | 0 |
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent | 149,000 | ' | 0 |
Other Assets, Noncurrent | 320,407,000 | ' | 318,330,000 |
Assets | 4,680,769,000 | ' | 4,043,805,000 |
Accounts Payable, Current | 39,568,000 | ' | 37,317,000 |
Other Liabilities, Current | 6,390,000 | ' | 4,570,000 |
Accrued Income Taxes, Current | 8,495,000 | ' | 26,851,000 |
Employee-related Liabilities, Current | 7,896,000 | ' | 5,671,000 |
Interest Payable, Current | 1,050,000 | ' | 1,002,000 |
Debt, Current | 306,734,000 | ' | 309,539,000 |
Current Portion of Royalty Obligation | 46,641,000 | ' | 65,104,000 |
Accrued Reclamation Costs, Current | 947,000 | ' | 1,445,000 |
Deferred Tax Liabilities, Net, Current | 121,000 | ' | 121,000 |
Liabilities, Current | 417,842,000 | ' | 451,620,000 |
Long-term Debt and Capital Lease Obligations | 64,487,000 | ' | 53,367,000 |
Noncurrent Portion of Royalty Obligation | 68,911,000 | ' | 141,879,000 |
Mine Reclamation and Closing Liability, Noncurrent | 11,375,000 | ' | 10,744,000 |
Deferred Tax Liabilities, Net, Noncurrent | 596,780,000 | ' | 462,063,000 |
Other Liabilities, Noncurrent | 20,743,000 | ' | 18,331,000 |
Intercompany Payable Receivable | 218,312,000 | ' | 237,736,000 |
Liabilities, Noncurrent | 980,608,000 | ' | 924,120,000 |
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 1,578,799,000 | ' | 1,285,862,000 |
Common Stock, Value, Issued | 122,826,000 | ' | 22,760,000 |
Additional Paid in Capital, Common Stock | 3,235,571,000 | ' | 2,748,173,000 |
Retained Earnings (Accumulated Deficit) | -76,078,000 | ' | -102,868,000 |
Accumulated Other Comprehensive Income (Loss), Net of Tax | 0 | ' | 0 |
Stockholders' Equity Attributable to Parent | 3,282,319,000 | ' | 2,668,065,000 |
Liabilities and Equity | 4,680,769,000 | ' | 4,043,805,000 |
Eliminations | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Cash Equivalents, at Carrying Value | 0 | ' | 0 |
Available-for-sale Securities, Debt Securities, Current | 0 | ' | 0 |
Accounts Receivable, Net, Current | 0 | ' | 0 |
Ore on Leach Pad, Current | 0 | ' | 0 |
Inventory, Net | 0 | ' | 0 |
Deferred Tax Assets, Gross, Current | 0 | ' | 0 |
Restricted Cash and Cash Equivalents, Current | 0 | ' | 0 |
Other Assets, Current | 0 | ' | 0 |
Assets, Current | 0 | ' | 0 |
Property, Plant and Equipment, Net | 0 | ' | 0 |
Mining Properties | 0 | ' | 0 |
Ore on Leach Pad, Non-Current Portion | 0 | ' | 0 |
Restricted Cash and Cash Equivalents, Noncurrent | 0 | ' | 0 |
Available-for-sale Securities, Equity Securities, Noncurrent | 0 | ' | 0 |
Accounts Receivable, Net, Noncurrent | 0 | ' | 0 |
Unamortized Debt Issuance Expense | 0 | ' | 0 |
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent | 0 | ' | 0 |
Other Assets, Noncurrent | -369,422,000 | ' | -357,228,000 |
Assets | -3,800,368,000 | ' | -3,196,524,000 |
Accounts Payable, Current | 0 | ' | 0 |
Other Liabilities, Current | 0 | ' | 0 |
Accrued Income Taxes, Current | 0 | ' | 0 |
Employee-related Liabilities, Current | 0 | ' | 0 |
Interest Payable, Current | -1,038,000 | ' | -992,000 |
Debt, Current | -304,650,000 | ' | -304,650,000 |
Current Portion of Royalty Obligation | 0 | ' | 0 |
Accrued Reclamation Costs, Current | -504,000 | ' | -777,000 |
Deferred Tax Liabilities, Net, Current | 0 | ' | 0 |
Liabilities, Current | -306,192,000 | ' | -306,419,000 |
Long-term Debt and Capital Lease Obligations | -63,732,000 | ' | -51,582,000 |
Noncurrent Portion of Royalty Obligation | 0 | ' | 0 |
Mine Reclamation and Closing Liability, Noncurrent | 504,000 | ' | 777,000 |
Deferred Tax Liabilities, Net, Noncurrent | 0 | ' | 0 |
Other Liabilities, Noncurrent | 0 | ' | 0 |
Intercompany Payable Receivable | 0 | ' | 0 |
Liabilities, Noncurrent | -63,228,000 | ' | -50,805,000 |
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | -3,430,946,000 | ' | -2,839,296,000 |
Common Stock, Value, Issued | -123,176,000 | ' | -23,110,000 |
Additional Paid in Capital, Common Stock | -3,343,305,000 | ' | -2,855,907,000 |
Retained Earnings (Accumulated Deficit) | 35,533,000 | ' | 39,717,000 |
Accumulated Other Comprehensive Income (Loss), Net of Tax | 0 | ' | 0 |
Stockholders' Equity Attributable to Parent | -3,430,948,000 | ' | -2,839,300,000 |
Liabilities and Equity | -3,800,368,000 | ' | -3,196,524,000 |
Senior Notes due Two Thousand Twenty One [Member] | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Debt Instrument, Face Amount | ' | 300,000,000 | ' |
Debt, Current | 0 | ' | 0 |
Long-term Debt and Capital Lease Obligations | $300,000,000 | ' | $0 |
Debt Instrument, Interest Rate, Stated Percentage | ' | 7.88% | ' |
Supplemental_Guarantor_Informa3
Supplemental Guarantor Information Condensed Consolidated Statement of Operations (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Sales Revenue, Goods, Net | $200,825 | $230,593 | $577,147 | $689,563 |
Cost of Goods Sold | -131,728 | -124,967 | -363,437 | -349,344 |
Depreciation, Depletion and Amortization | -60,874 | -52,844 | -168,963 | -166,460 |
Gross Profit | 8,223 | 52,782 | 44,747 | 173,759 |
General and Administrative Expense | 16,240 | 10,266 | 41,492 | 26,456 |
Costs of Metals Sold | 3,305 | 6,957 | 16,920 | 19,829 |
Gain (Loss) Related to Litigation Settlement | 0 | 0 | 32,046 | 0 |
Impairment of Long-Lived Assets Held-for-use | 0 | 1,293 | 205 | 6,106 |
Pre Development | 3,955 | 277 | 9,414 | 1,618 |
Operating Expenses | 23,500 | 18,793 | 100,077 | 54,009 |
Operating Income (Loss) | -15,277 | 33,989 | -55,330 | 119,750 |
Gain (Loss) on Derivative Instruments, Net, Pretax | -20,646 | -37,648 | 63,905 | -44,722 |
Marketable Securities, Gain (Loss), Excluding Other than Temporary Impairments | -870 | -605 | -18,097 | -605 |
Interest and Other Income | -1,791 | 13,269 | 2,484 | 15,055 |
Interest Expense | -9,662 | -7,351 | -30,324 | -21,578 |
Nonoperating Income (Expense) | -32,969 | -32,335 | 17,968 | -51,850 |
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest | -48,246 | 1,654 | -37,362 | 67,900 |
Income Tax Expense (Benefit) | 1,981 | -17,475 | -31,673 | -56,773 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | -46,265 | -15,821 | -69,035 | 11,127 |
Income (Loss) from Equity Method Investments | 0 | 0 | 0 | 0 |
Net Income (Loss) Attributable to Parent | -46,265 | -15,821 | -69,035 | 11,127 |
Coeur Mining, Inc. | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Sales Revenue, Goods, Net | 0 | 0 | 0 | 0 |
Cost of Goods Sold | 0 | 0 | 0 | 0 |
Depreciation, Depletion and Amortization | -244 | -134 | -694 | -382 |
Gross Profit | -244 | -134 | -694 | -382 |
General and Administrative Expense | 15,622 | 9,097 | 37,975 | 24,133 |
Costs of Metals Sold | 506 | 462 | 1,169 | 1,279 |
Gain (Loss) Related to Litigation Settlement | 0 | ' | 0 | ' |
Impairment of Long-Lived Assets Held-for-use | 0 | 0 | 0 | 0 |
Pre Development | 0 | 0 | 0 | 0 |
Operating Expenses | 16,128 | 9,559 | 39,144 | 25,412 |
Operating Income (Loss) | -16,372 | -9,693 | -39,838 | -25,794 |
Gain (Loss) on Derivative Instruments, Net, Pretax | -71 | 901 | -1,593 | 3,696 |
Marketable Securities, Gain (Loss), Excluding Other than Temporary Impairments | -870 | -605 | -18,097 | -605 |
Interest and Other Income | 784 | 1,133 | 2,991 | 4,805 |
Interest Expense | -6,665 | -1,097 | -18,984 | -2,998 |
Nonoperating Income (Expense) | -6,822 | 332 | -35,683 | 4,898 |
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest | -23,194 | -9,361 | -75,521 | -20,896 |
Income Tax Expense (Benefit) | 5,613 | -465 | 2,303 | -3,990 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | -17,581 | -9,826 | -73,218 | -24,886 |
Income (Loss) from Equity Method Investments | -28,684 | -5,995 | 4,183 | 36,013 |
Net Income (Loss) Attributable to Parent | -46,265 | -15,821 | -69,035 | 11,127 |
Guarantor Subsidiaries | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Sales Revenue, Goods, Net | 63,187 | 72,695 | 207,689 | 157,106 |
Cost of Goods Sold | -45,346 | -47,896 | -143,620 | -111,409 |
Depreciation, Depletion and Amortization | -21,054 | -13,609 | -52,213 | -33,635 |
Gross Profit | -3,213 | 11,190 | 11,856 | 12,062 |
General and Administrative Expense | -143 | 871 | 1,400 | 1,637 |
Costs of Metals Sold | 2,305 | 2,940 | 5,167 | 5,880 |
Gain (Loss) Related to Litigation Settlement | 0 | ' | 32,046 | ' |
Impairment of Long-Lived Assets Held-for-use | 0 | 0 | 0 | 0 |
Pre Development | 159 | 277 | 857 | 1,580 |
Operating Expenses | 2,321 | 4,088 | 39,470 | 9,097 |
Operating Income (Loss) | -5,534 | 7,102 | -27,614 | 2,965 |
Gain (Loss) on Derivative Instruments, Net, Pretax | -5,315 | -4,283 | 5,263 | -2,647 |
Marketable Securities, Gain (Loss), Excluding Other than Temporary Impairments | 0 | 0 | 0 | 0 |
Interest and Other Income | 87 | 86 | 562 | 870 |
Interest Expense | -56 | -1,840 | -421 | -3,648 |
Nonoperating Income (Expense) | -5,284 | -6,037 | 5,404 | -5,425 |
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest | -10,818 | 1,065 | -22,210 | -2,460 |
Income Tax Expense (Benefit) | -152 | 0 | -397 | 0 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | -10,970 | 1,065 | -22,607 | -2,460 |
Income (Loss) from Equity Method Investments | 0 | 0 | 0 | ' |
Net Income (Loss) Attributable to Parent | -10,970 | 1,065 | -22,607 | -2,460 |
Non-Guarantor Subsidiaries | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Sales Revenue, Goods, Net | 137,638 | 157,898 | 369,458 | 532,457 |
Cost of Goods Sold | -86,382 | -77,071 | -219,817 | -237,935 |
Depreciation, Depletion and Amortization | -39,576 | -39,101 | -116,056 | -132,443 |
Gross Profit | 11,680 | 41,726 | 33,585 | 162,079 |
General and Administrative Expense | 761 | 298 | 2,117 | 686 |
Costs of Metals Sold | 494 | 3,555 | 10,584 | 12,670 |
Gain (Loss) Related to Litigation Settlement | 0 | ' | 0 | ' |
Impairment of Long-Lived Assets Held-for-use | 0 | 1,293 | 205 | 6,106 |
Pre Development | 3,796 | 0 | 8,557 | 38 |
Operating Expenses | 5,051 | 5,146 | 21,463 | 19,500 |
Operating Income (Loss) | 6,629 | 36,580 | 12,122 | 142,579 |
Gain (Loss) on Derivative Instruments, Net, Pretax | -15,260 | -34,266 | 60,235 | -45,771 |
Marketable Securities, Gain (Loss), Excluding Other than Temporary Impairments | 0 | 0 | 0 | 0 |
Interest and Other Income | -1,912 | 13,018 | 1,404 | 13,214 |
Interest Expense | -3,691 | -5,382 | -13,392 | -18,766 |
Nonoperating Income (Expense) | -20,863 | -26,630 | 48,247 | -51,323 |
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest | -14,234 | 9,950 | 60,369 | 91,256 |
Income Tax Expense (Benefit) | -3,480 | -17,010 | -33,579 | -52,783 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | -17,714 | -7,060 | 26,790 | 38,473 |
Income (Loss) from Equity Method Investments | 0 | 0 | 0 | ' |
Net Income (Loss) Attributable to Parent | -17,714 | -7,060 | 26,790 | 38,473 |
Eliminations | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Sales Revenue, Goods, Net | 0 | 0 | 0 | 0 |
Cost of Goods Sold | 0 | 0 | 0 | 0 |
Depreciation, Depletion and Amortization | 0 | 0 | 0 | 0 |
Gross Profit | 0 | 0 | 0 | 0 |
General and Administrative Expense | 0 | 0 | 0 | 0 |
Costs of Metals Sold | 0 | 0 | 0 | 0 |
Gain (Loss) Related to Litigation Settlement | 0 | ' | 0 | ' |
Impairment of Long-Lived Assets Held-for-use | 0 | 0 | 0 | 0 |
Pre Development | 0 | 0 | 0 | 0 |
Operating Expenses | 0 | 0 | 0 | 0 |
Operating Income (Loss) | 0 | 0 | 0 | 0 |
Gain (Loss) on Derivative Instruments, Net, Pretax | 0 | 0 | 0 | 0 |
Marketable Securities, Gain (Loss), Excluding Other than Temporary Impairments | 0 | 0 | 0 | 0 |
Interest and Other Income | -750 | -968 | -2,473 | -3,834 |
Interest Expense | 750 | 968 | 2,473 | 3,834 |
Nonoperating Income (Expense) | 0 | 0 | 0 | 0 |
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest | 0 | 0 | 0 | 0 |
Income Tax Expense (Benefit) | 0 | 0 | 0 | 0 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 0 | 0 | 0 | 0 |
Income (Loss) from Equity Method Investments | 28,684 | 5,995 | -4,183 | -36,013 |
Net Income (Loss) Attributable to Parent | $28,684 | $5,995 | ($4,183) | ($36,013) |
Supplemental_Guarantor_Informa4
Supplemental Guarantor Information Condensed Consolidated Statements of Comprehensive Income (Loss) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
NET INCOME (LOSS) | ($46,265) | ($15,821) | ($69,035) | $11,127 |
Marketable Securities, Unrealized Gain (Loss) | 301 | 6,026 | -10,756 | 774 |
Reclassification adjustments for losses included in net income | 1,006 | 605 | 18,233 | 605 |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 1,307 | 6,631 | 7,477 | 1,379 |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | -44,958 | -9,190 | -61,558 | 12,506 |
Coeur Mining, Inc. | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
NET INCOME (LOSS) | -46,265 | -15,821 | -69,035 | 11,127 |
Marketable Securities, Unrealized Gain (Loss) | 301 | 6,026 | -10,756 | 774 |
Reclassification adjustments for losses included in net income | 1,006 | 605 | 18,233 | 605 |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 1,307 | 6,631 | 7,477 | 1,379 |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | -44,958 | -9,190 | -61,558 | 12,506 |
Guarantor Subsidiaries | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
NET INCOME (LOSS) | -10,970 | 1,065 | -22,607 | -2,460 |
Marketable Securities, Unrealized Gain (Loss) | 0 | 0 | 0 | 0 |
Reclassification adjustments for losses included in net income | 0 | 0 | 0 | 0 |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 0 | 0 | 0 | 0 |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | -10,970 | 1,065 | -22,607 | -2,460 |
Non-Guarantor Subsidiaries | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
NET INCOME (LOSS) | -17,714 | -7,060 | 26,790 | 38,473 |
Marketable Securities, Unrealized Gain (Loss) | 0 | 0 | 0 | 0 |
Reclassification adjustments for losses included in net income | 0 | 0 | 0 | 0 |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 0 | 0 | 0 | 0 |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | -17,714 | -7,060 | 26,790 | 38,473 |
Eliminations | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
NET INCOME (LOSS) | 28,684 | 5,995 | -4,183 | -36,013 |
Marketable Securities, Unrealized Gain (Loss) | 0 | 0 | 0 | 0 |
Reclassification adjustments for losses included in net income | 0 | 0 | 0 | 0 |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 0 | 0 | 0 | 0 |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $28,684 | $5,995 | ($4,183) | ($36,013) |
Supplemental_Guarantor_Informa5
Supplemental Guarantor Information Condensed Consolidated Statements of Cash Flows (Details) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Coeur Mining, Inc. | Coeur Mining, Inc. | Coeur Mining, Inc. | Coeur Mining, Inc. | Guarantor Subsidiaries | Guarantor Subsidiaries | Guarantor Subsidiaries | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Eliminations | Eliminations | Eliminations | |||||
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Cash Provided by (Used in) Operating Activities | $26,804 | $79,735 | $103,076 | $209,941 | ($57,902) | ($6,929) | ($39,646) | $24,589 | ($2,282) | $11,912 | $18,374 | $2,696 | $57,186 | $75,567 | $128,531 | $229,932 | $29,802 | ($815) | ($4,183) | ($47,276) |
Payments to Acquire Investments | -2,689 | -4,093 | -8,022 | -11,959 | -1,307 | -4,071 | -2,906 | -11,914 | -27 | -22 | -65 | -45 | -1,355 | 0 | -5,051 | 0 | 0 | 0 | 0 | 0 |
Payments for (Proceeds from) Investments | 27 | 337 | 6,371 | 21,038 | 0 | 255 | 2,874 | 20,933 | 27 | 22 | 65 | 45 | 0 | 60 | 3,432 | 60 | 0 | 0 | 0 | 0 |
Payments to Acquire Productive Assets | -32,726 | -29,972 | -72,754 | -93,857 | -711 | -428 | -1,268 | -987 | -17,201 | -13,811 | -37,831 | -39,598 | -14,814 | -15,733 | -33,655 | -53,272 | 0 | 0 | 0 | 0 |
Payments to Acquire Businesses, Net of Cash Acquired | 0 | 0 | -113,214 | 0 | ' | ' | -113,214 | ' | ' | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | ' |
Proceeds from Discontinued Operations Sale of Assets and Other | -48 | 479 | 1,163 | 1,659 | -13 | 524 | -19 | 2,191 | ' | 0 | 443 | 1 | -35 | -45 | 739 | -533 | 0 | 0 | 0 | 0 |
Payments to Acquire Interest in Subsidiaries and Affiliates | 0 | 0 | 0 | 0 | 29,802 | -815 | -7,671 | -47,276 | 0 | 0 | 0 | 0 | 0 | 0 | 3,488 | 0 | -29,802 | 815 | 4,183 | 47,276 |
Net Cash Provided by (Used in) Investing Activities | -35,436 | -33,249 | -186,456 | -83,119 | 27,771 | -4,535 | -122,204 | -37,053 | -17,201 | -13,811 | -37,388 | -39,597 | -16,204 | -15,718 | -31,047 | -53,745 | -29,802 | 815 | 4,183 | 47,276 |
Proceeds from Convertible Debt | 0 | 0 | 300,000 | 0 | ' | ' | 300,000 | ' | ' | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | ' |
Repayments of Long-term Debt, Long-term Capital Lease Obligations, and Capital Securities | -1,824 | -80,318 | -59,021 | -94,562 | 0 | -3,721 | -52,565 | -4,004 | -665 | -73,082 | -2,621 | -79,151 | -1,159 | -3,515 | -3,835 | -11,407 | 0 | 0 | 0 | 0 |
Payments to Acquire Royalty Interests in Mining Properties | -12,619 | -17,458 | -43,548 | -58,119 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -12,619 | -17,458 | -43,548 | -58,119 | 0 | 0 | 0 | 0 |
Additions to Restricted Assets | 0 | -4,645 | 0 | -4,645 | ' | 0 | ' | 0 | ' | 4,645 | ' | 4,645 | ' | 0 | ' | 0 | ' | 0 | ' | 0 |
Payments for Repurchase of Common Stock | -14,995 | -9,971 | -27,552 | -9,971 | -14,995 | -9,971 | -27,552 | -9,971 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Proceeds From Repayment Intercompany Borrowings | 0 | 0 | 0 | 0 | -9,917 | -18,609 | -12,505 | 22,954 | 19,824 | 70,142 | 21,634 | 111,317 | -9,907 | -51,533 | -9,129 | -134,271 | 0 | 0 | 0 | 0 |
Proceeds from (Payments for) Other Financing Activities | -27 | 134 | -505 | -912 | -27 | 134 | -505 | -912 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net Cash Provided by (Used in) Financing Activities | -29,465 | -102,968 | 169,374 | -158,919 | -24,939 | -32,167 | 206,873 | 8,067 | 19,159 | 1,705 | 19,013 | 36,811 | -23,685 | -72,506 | -56,512 | -203,797 | 0 | 0 | 0 | 0 |
Cash and Cash Equivalents, Period Increase (Decrease) | -38,097 | -56,482 | 85,994 | -32,097 | -55,070 | -43,631 | 45,023 | -4,397 | -324 | -194 | -1 | -90 | 17,297 | -12,657 | 40,972 | -27,610 | 0 | 0 | 0 | 0 |
Cash and Cash Equivalents, at Carrying Value | $211,434 | $142,915 | $211,434 | $142,915 | $131,811 | $81,275 | $131,811 | $81,275 | $399 | $343 | $399 | $343 | $79,224 | $61,297 | $79,224 | $61,297 | $0 | $0 | $0 | $0 |