Document_and_Entity_Informatio
Document and Entity Information | 6 Months Ended | |
Jun. 30, 2014 | Aug. 05, 2014 | |
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-Jun-14 | ' |
Amendment Flag | 'false | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q2 | ' |
Trading Symbol | 'CDE | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Large Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 103,466,078 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 3 Months Ended | 6 Months Ended | ||||||
In Thousands, except Per Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | ||||
Statement of Comprehensive Income [Abstract] | ' | ' | ' | ' | ||||
Total Revenue | $164,562 | $204,525 | $324,195 | $376,322 | ||||
COSTS AND EXPENSES | ' | ' | ' | ' | ||||
Costs applicable to sales | 118,687 | [1] | 142,386 | [1] | 225,583 | [1] | 230,444 | [1] |
Amortization | 41,422 | 56,894 | 81,849 | 106,589 | ||||
General and administrative | 9,398 | 15,026 | 23,294 | 25,253 | ||||
Exploration | 5,153 | 6,774 | 9,370 | 13,615 | ||||
Loss Related to Litigation Settlement | 0 | 32,046 | 0 | 32,046 | ||||
Pre-development, reclamation, and other | 8,760 | 1,817 | 15,775 | 7,163 | ||||
Total cost and expenses | 183,420 | 254,943 | 355,871 | 415,110 | ||||
OTHER INCOME (EXPENSE), NET | ' | ' | ' | ' | ||||
Fair value adjustments, net | -8,282 | 66,754 | -19,717 | 84,550 | ||||
Impairment of marketable securities | -934 | -17,192 | -3,522 | -17,227 | ||||
Interest and other income | -116 | 419 | -2,100 | 4,275 | ||||
Interest expense, net of capitalized interest | -12,310 | -10,930 | -25,365 | -20,662 | ||||
Total other income and expense | -21,642 | 39,051 | -50,704 | 50,936 | ||||
Income before income taxes | -40,500 | -11,367 | -82,380 | 12,148 | ||||
Income tax benefit (expense) | -2,621 | -23,673 | 2,068 | -34,918 | ||||
NET INCOME (LOSS) | -43,121 | -35,040 | -80,312 | -22,770 | ||||
Other Comprehensive Income (Loss), Net of Tax: | ' | ' | ' | ' | ||||
Unrealized loss on marketable securities, net of tax of $487 and $253 for the three and six months ended June 30, 2014, respectively | -773 | -7,491 | -401 | -11,057 | ||||
Reclassification adjustments for impairment of marketable securities, net of tax of $(362) and $(1,363) for the three and six months ended June 30, 2014, respectively | 572 | 17,192 | 2,159 | 17,227 | ||||
Reclassification adjustments for realized loss on sale of marketable securities, net of tax of $(10) for the three and six months ended June 30, 2014, respectively | 17 | 0 | 17 | 0 | ||||
Other comprehensive income (loss) | -184 | 9,701 | 1,775 | 6,170 | ||||
COMPREHENSIVE INCOME | ($43,305) | ($25,339) | ($78,537) | ($16,600) | ||||
BASIC AND DILUTED INCOME PER SHARE | ' | ' | ' | ' | ||||
Basic (in dollars per share) | ($0.42) | ($0.35) | ($0.78) | ($0.24) | ||||
Diluted (in dollars per share) | ($0.42) | ($0.35) | ($0.78) | ($0.24) | ||||
[1] | Excludes amortization. |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) (USD $) | 3 Months Ended | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' |
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Tax | $487 | ' | $253 |
Other Comprehensive Income (Loss), Reclassification Adjustment for Write-down of Securities Included in Net Income, Net of Tax | -362 | ' | -1,363 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax | ($10) | ($10) | ' |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements of Cash Flows (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' | ' | ' |
Net income (loss) | ($43,121) | ($35,040) | ($80,312) | ($22,770) |
Adjustments: | ' | ' | ' | ' |
Amortization | 41,422 | 56,896 | 81,849 | 106,589 |
Accretion | 4,502 | 5,380 | 9,093 | 10,840 |
Deferred income taxes | -3,844 | 12,123 | -15,705 | 19,548 |
Loss on termination of revolving credit facility | 0 | 0 | 3,035 | 0 |
Fair value adjustments, net | 8,288 | -65,754 | 18,845 | -81,795 |
Proceeds From Settlement | 0 | 22,046 | 0 | 22,046 |
Stock-based compensation | 2,385 | 1,617 | 4,950 | 2,713 |
(Gain) loss on Disposition of Assets | -48 | -264 | 222 | -1,132 |
Impairment of marketable securities | 934 | 17,192 | 3,522 | 17,227 |
Other non-cash charges | -12 | 234 | -219 | -112 |
Changes in operating assets and liabilities: | ' | ' | ' | ' |
Receivables and other current assets | 4,921 | 4,401 | 10,544 | 8,647 |
Prepaid expenses and other | 3,551 | 2,930 | -4,558 | 411 |
Inventories | -1,606 | 31,483 | -15,519 | 10,990 |
Accounts payable and accrued liabilities | 13,118 | 10,094 | 5,117 | -16,930 |
CASH PROVIDED BY OPERATING ACTIVITIES | 30,490 | 63,338 | 20,864 | 76,272 |
CASH FLOWS FROM INVESTING ACTIVITIES | ' | ' | ' | ' |
Capital expenditures | -15,356 | -27,201 | -27,292 | -40,028 |
Payments to Acquire Mineral Rights | -2,250 | -101,648 | -2,250 | -113,214 |
Purchase of short term investments and marketable securities | -2,139 | -683 | -48,360 | -5,332 |
Payments for (Proceeds from) Investments | 800 | 1,522 | 890 | 6,344 |
Other | 12 | 254 | -13 | 1,209 |
CASH USED IN INVESTING ACTIVITIES | -18,933 | -127,756 | -77,025 | -151,021 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' | ' |
Issuance of notes and bank borrowings | 0 | 0 | 153,000 | 300,000 |
Payments on long-term debt, capital leases, and associated costs | -2,851 | -1,857 | -6,962 | -57,197 |
Payments on gold production royalty | -12,345 | -15,480 | -27,028 | -30,929 |
Payments for Repurchase of Common Stock | 0 | 0 | 0 | -12,557 |
Other | -160 | -25 | -406 | -477 |
CASH USED IN FINANCING ACTIVITIES: | -15,356 | -17,362 | 118,604 | 198,840 |
INCREASE IN CASH AND CASH EQUIVALENTS | -3,799 | -81,780 | 62,443 | 124,091 |
Cash and cash equivalents at beginning of period | 272,932 | 331,311 | 206,690 | 125,440 |
Cash and cash equivalents at end of period | $269,133 | $249,531 | $269,133 | $249,531 |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
CURRENT ASSETS | ' | ' |
Cash and cash equivalents | $269,133 | $206,690 |
Investments | 47,642 | 0 |
Receivables | 68,693 | 81,074 |
Ore on leach pads | 44,964 | 50,495 |
Inventory | 137,644 | 132,023 |
Deferred tax assets | 35,079 | 35,008 |
Prepaid expenses and other | 23,593 | 25,940 |
Assets, Current | 626,748 | 531,230 |
NON-CURRENT ASSETS | ' | ' |
Property, plant and equipment, net | 482,787 | 486,273 |
Mining properties, net | 1,728,667 | 1,751,501 |
Ore on Leach Pad Non Current | 46,956 | 31,528 |
Restricted assets | 7,510 | 7,014 |
Marketable securities | 13,761 | 14,521 |
Receivables | 38,424 | 36,574 |
Debt issuance costs, net | 11,031 | 10,812 |
Deferred tax assets | 808 | 1,189 |
Other | 10,830 | 15,336 |
TOTAL ASSETS | 2,967,522 | 2,885,978 |
CURRENT LIABILITIES | ' | ' |
Accounts payable | 49,651 | 53,847 |
Accrued liabilities and other | 40,632 | 38,266 |
Debt | 11,565 | 2,505 |
Royalty obligations | 51,087 | 48,019 |
Reclamation | 752 | 913 |
Deferred tax liabilities | 1,858 | 1,011 |
Current liabilities | 155,545 | 144,561 |
NON-CURRENT LIABILITIES | ' | ' |
Debt | 468,570 | 306,130 |
Royalty obligations | 58,505 | 65,142 |
Reclamation | 59,757 | 57,515 |
Deferred tax liabilities | 540,232 | 556,246 |
Other long-term liabilities | 28,280 | 25,817 |
Non-current liabilities | 1,155,344 | 1,010,850 |
SHAREHOLDERS' EQUITY | ' | ' |
Common stock, par value $0.01 per share; authorized 150,000,000 shares, issued and outstanding 103,485,960 at June 30, 2014 and 102,843,003 at December 31, 2013 | 1,034 | 1,028 |
Additional paid-in capital | 2,785,761 | 2,781,164 |
Accumulated other comprehensive loss | -3,131 | -4,906 |
Accumulated deficit | -1,127,031 | -1,046,719 |
Shareholders' Equity | 1,656,633 | 1,730,567 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $2,967,522 | $2,885,978 |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets (Parenthetical) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
SHAREHOLDERS' EQUITY | ' | ' |
Common stock, par value | $0.01 | $0.01 |
Common stock, share authorized | 150,000,000 | 150,000,000 |
Common stock, share issued | 103,485,960 | 102,843,003 |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statements of Changes in Shareholders' Equity (USD $) | Total | Common Stock | Additional Paid-In Capital | Accumulated Deficit | Accumulated Other Comprehensive Loss |
In Thousands, unless otherwise specified | |||||
Balances at Dec. 31, 2013 | $1,730,567 | $1,028 | $2,781,164 | ($1,046,719) | ($4,906) |
Balances, in shares at Dec. 31, 2013 | ' | 102,843 | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' |
Net income (loss) | -80,312 | 0 | 0 | -80,312 | 0 |
Other comprehensive loss | 1,775 | 0 | 0 | 0 | 1,775 |
Common stock issued/cancelled under long-term incentive plans and director fees and options, net | 4,603 | 6 | 4,597 | 0 | 0 |
Common stock issued/cancelled under long-term incentive plans and director fees and options, net, in shares | ' | 643 | ' | ' | ' |
Balances at Jun. 30, 2014 | $1,656,633 | $1,034 | $2,785,761 | ($1,127,031) | ($3,131) |
Balances, in shares at Jun. 30, 2014 | ' | 103,486 | ' | ' | ' |
Basis_of_Presentation
Basis of Presentation | 6 Months Ended |
Jun. 30, 2014 | |
Basis of Presentation [Abstract] | ' |
BASIS OF PRESENTATION | ' |
BASIS OF PRESENTATION | |
The interim condensed consolidated financial statements of Coeur Mining, Inc. (collectively "Coeur" or "the Company") are unaudited. 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, 2014. The condensed consolidated December 31, 2013 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 for the year ended December 31, 2013 included in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2013 (the "2013 10-K"). |
Summary_Of_Significant_Account
Summary Of Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2014 | |
Accounting Policies [Abstract] | ' |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ' |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Recent Accounting Standards | |
On January 1, 2014, the Company adopted 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 Company's adoption had no impact on the Company's consolidated financial position, results of operations, or cash flows. | |
In May 2014, the FASB issued ASU 2014-09, "Revenue from Contracts with Customers." The updated guidance provides a five-step approach to be applied to all contracts with customers and also requires expanded disclosures about revenue recognition. These changes become effective prospectively for the Company's fiscal year beginning January 1, 2017. The Company is currently evaluating the potential impact of these changes on the Company's consolidated financial position, results of operations, and cash flows. |
Segment_Reporting
Segment Reporting | 6 Months Ended | |||||||||||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||||||||||||||||||
SEGMENT REPORTING | ' | |||||||||||||||||||||||||||||||
SEGMENT REPORTING | ||||||||||||||||||||||||||||||||
The Company’s operating segments include the Palmarejo, San Bartolomé, Rochester, and Kensington mines, the La Preciosa project, and Coeur Capital. All operating segments are engaged in the discovery and mining of gold and silver and generate the majority of their revenues from the sale of these precious metals with the exception of Coeur Capital, which holds the Endeavor silver stream and other precious metals royalties. Other includes the Joaquin project, Martha mine, corporate headquarters, elimination of intersegment transactions, and other items necessary to reconcile to consolidated amounts. | ||||||||||||||||||||||||||||||||
Financial information relating to the Company’s segments is as follows (in thousands): | ||||||||||||||||||||||||||||||||
Three months ended June 30, 2014 | Palmarejo | San Bartolomé | Kensington | Rochester | La Preciosa | Coeur Capital | Other | Total | ||||||||||||||||||||||||
Mine | Mine | Mine | Mine | |||||||||||||||||||||||||||||
Revenue | ||||||||||||||||||||||||||||||||
Metal sales | $ | 72,446 | $ | 29,078 | $ | 29,018 | $ | 31,193 | $ | — | $ | 1,971 | $ | — | $ | 163,706 | ||||||||||||||||
Royalties | — | — | — | — | — | 856 | — | 856 | ||||||||||||||||||||||||
72,446 | 29,078 | 29,018 | 31,193 | — | 2,827 | — | 164,562 | |||||||||||||||||||||||||
Costs and Expenses | ||||||||||||||||||||||||||||||||
Costs applicable to sales(1) | 49,551 | 20,695 | 23,218 | 24,381 | — | 842 | — | 118,687 | ||||||||||||||||||||||||
Amortization | 18,044 | 4,855 | 11,566 | 5,025 | 22 | 1,419 | 491 | 41,422 | ||||||||||||||||||||||||
Exploration | 1,637 | 57 | 1,636 | 738 | 26 | 109 | 950 | 5,153 | ||||||||||||||||||||||||
Other operating expenses | 325 | 194 | 199 | 844 | 5,711 | 263 | 10,622 | 18,158 | ||||||||||||||||||||||||
Other income (expense) | ||||||||||||||||||||||||||||||||
Interest income and other, net | (1,202 | ) | 691 | 4 | 32 | 118 | (964 | ) | 271 | (1,050 | ) | |||||||||||||||||||||
Interest expense, net | (2,771 | ) | (11 | ) | (53 | ) | (261 | ) | — | — | (9,214 | ) | (12,310 | ) | ||||||||||||||||||
Fair value adjustments, net | (4,989 | ) | — | — | (1,837 | ) | — | — | (1,456 | ) | (8,282 | ) | ||||||||||||||||||||
Income and mining tax (expense) benefit | 1,342 | (2,204 | ) | — | (419 | ) | (1,159 | ) | 263 | (444 | ) | (2,621 | ) | |||||||||||||||||||
Net income (loss) | $ | (4,731 | ) | $ | 1,753 | $ | (7,650 | ) | $ | (2,280 | ) | $ | (6,800 | ) | $ | (507 | ) | $ | (22,906 | ) | $ | (43,121 | ) | |||||||||
Segment assets(2) | $ | 1,133,851 | $ | 309,565 | $ | 331,151 | $ | 206,665 | $ | 412,226 | $ | 67,864 | $ | 110,406 | $ | 2,571,728 | ||||||||||||||||
Capital expenditures | $ | 5,589 | $ | 1,711 | $ | 3,989 | $ | 3,956 | $ | 3 | $ | — | $ | 108 | $ | 15,356 | ||||||||||||||||
(1) Excludes amortization | ||||||||||||||||||||||||||||||||
(2) Segment assets consist of receivables, prepaids, inventories, property, plant and equipment, and mineral interests | ||||||||||||||||||||||||||||||||
Three months ended June 30, 2013 | Palmarejo | San Bartolomé | Kensington | Rochester | La Preciosa | Coeur Capital | Other | Total | ||||||||||||||||||||||||
Mine | Mine | Mine | Mine | |||||||||||||||||||||||||||||
Revenue | ||||||||||||||||||||||||||||||||
Metal sales | $ | 86,217 | $ | 49,236 | $ | 30,851 | $ | 34,903 | $ | — | $ | 3,479 | $ | (161 | ) | $ | 204,525 | |||||||||||||||
Royalties | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||
$ | 86,217 | $ | 49,236 | $ | 30,851 | $ | 34,903 | $ | — | $ | 3,479 | $ | (161 | ) | $ | 204,525 | ||||||||||||||||
Costs and Expenses | ||||||||||||||||||||||||||||||||
Costs applicable to sales(1) | 55,218 | 32,815 | 30,154 | 22,516 | — | 1,683 | — | 142,386 | ||||||||||||||||||||||||
Amortization | 35,384 | 4,824 | 13,159 | 1,989 | 2 | 1,224 | 312 | 56,894 | ||||||||||||||||||||||||
Exploration | 3,189 | 27 | 563 | 512 | 690 | 322 | 1,471 | 6,774 | ||||||||||||||||||||||||
Litigation settlement | — | — | — | 32,046 | — | — | — | 32,046 | ||||||||||||||||||||||||
Other operating expenses | 173 | 117 | 236 | 2,466 | — | (191 | ) | 14,042 | 16,843 | |||||||||||||||||||||||
Other income (expense) | ||||||||||||||||||||||||||||||||
Interest income and other, net | (428 | ) | 683 | 150 | — | (11 | ) | 91 | (17,258 | ) | (16,773 | ) | ||||||||||||||||||||
Interest expense, net | (4,190 | ) | (14 | ) | (95 | ) | (5 | ) | — | — | (6,626 | ) | (10,930 | ) | ||||||||||||||||||
Fair value adjustments, net | 61,066 | — | 6,350 | — | — | — | (662 | ) | 66,754 | |||||||||||||||||||||||
Income and mining tax (expense) benefit | (17,282 | ) | (4,506 | ) | — | (538 | ) | — | (191 | ) | (1,156 | ) | (23,673 | ) | ||||||||||||||||||
Net income (loss) | $ | 31,419 | $ | 7,616 | $ | (6,856 | ) | $ | (25,169 | ) | $ | (703 | ) | $ | 341 | $ | (41,688 | ) | $ | (35,040 | ) | |||||||||||
Segment assets(2) | $ | 1,860,240 | $ | 286,325 | $ | 485,215 | $ | 122,917 | $ | 409,458 | $ | 31,493 | $ | 108,954 | $ | 3,304,602 | ||||||||||||||||
Capital expenditures | $ | 9,166 | $ | 3,159 | $ | 7,406 | $ | 6,596 | $ | 735 | $ | — | $ | 139 | $ | 27,201 | ||||||||||||||||
(1) Excludes amortization | ||||||||||||||||||||||||||||||||
(2) Segment assets consist of receivables, prepaids, inventories, property, plant and equipment, and mineral interests | ||||||||||||||||||||||||||||||||
Six months ended June 30, 2014 | Palmarejo | San Bartolomé | Kensington | Rochester | La Preciosa | Coeur Capital | Other | Total | ||||||||||||||||||||||||
Mine | Mine | Mine | Mine | |||||||||||||||||||||||||||||
Revenue | ||||||||||||||||||||||||||||||||
Metal sales | $ | 140,434 | $ | 56,632 | $ | 65,079 | $ | 55,347 | $ | — | $ | 4,860 | $ | — | $ | 322,352 | ||||||||||||||||
Royalties | — | — | — | — | — | 1,843 | — | 1,843 | ||||||||||||||||||||||||
140,434 | 56,632 | 65,079 | 55,347 | — | 6,703 | — | 324,195 | |||||||||||||||||||||||||
Costs and Expenses | ||||||||||||||||||||||||||||||||
Costs applicable to sales(1) | 93,126 | 39,595 | 51,749 | 39,089 | — | 2,024 | — | 225,583 | ||||||||||||||||||||||||
Amortization | 36,702 | 9,313 | 22,275 | 9,476 | 41 | 3,121 | 921 | 81,849 | ||||||||||||||||||||||||
Exploration | 2,642 | 82 | 2,680 | 1,912 | 210 | 312 | 1,532 | 9,370 | ||||||||||||||||||||||||
Other operating expenses | 622 | 335 | 390 | 2,189 | 10,668 | 504 | 24,361 | 39,069 | ||||||||||||||||||||||||
Other income (expense) | ||||||||||||||||||||||||||||||||
Interest income and other, net | (2,772 | ) | 1,373 | 4 | 51 | (17 | ) | (3,512 | ) | (749 | ) | (5,622 | ) | |||||||||||||||||||
Interest expense, net | (5,595 | ) | (31 | ) | (75 | ) | (266 | ) | — | — | (19,398 | ) | (25,365 | ) | ||||||||||||||||||
Fair value adjustments, net | (15,225 | ) | — | — | (2,510 | ) | — | — | (1,982 | ) | (19,717 | ) | ||||||||||||||||||||
Income and mining tax (expense) benefit | 5,171 | (4,969 | ) | — | (419 | ) | (1,271 | ) | (25 | ) | 3,581 | 2,068 | ||||||||||||||||||||
Net income (loss) | $ | (11,079 | ) | $ | 3,680 | $ | (12,086 | ) | $ | (463 | ) | $ | (12,207 | ) | $ | (2,795 | ) | $ | (45,362 | ) | $ | (80,312 | ) | |||||||||
Segment assets(2) | $ | 1,133,851 | $ | 309,565 | $ | 331,151 | $ | 206,665 | $ | 412,226 | $ | 67,864 | $ | 110,406 | $ | 2,571,728 | ||||||||||||||||
Capital expenditures | $ | 9,331 | $ | 3,152 | $ | 8,700 | $ | 4,915 | $ | 141 | $ | — | $ | 1,053 | $ | 27,292 | ||||||||||||||||
(1) Excludes amortization | ||||||||||||||||||||||||||||||||
(2) Segment assets consist of receivables, prepaids, inventories, property, plant and equipment, and mineral interests | ||||||||||||||||||||||||||||||||
Six months ended June 30, 2013 | Palmarejo | San Bartolomé | Kensington | Rochester | La Preciosa | Coeur Capital | Other | Total | ||||||||||||||||||||||||
Mine | Mine | Mine | Mine | |||||||||||||||||||||||||||||
Revenue | ||||||||||||||||||||||||||||||||
Metal sales | $ | 143,643 | $ | 82,377 | $ | 70,126 | $ | 74,377 | $ | — | $ | 6,461 | $ | (662 | ) | $ | 376,322 | |||||||||||||||
Royalties | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||
143,643 | 82,377 | 70,126 | 74,377 | — | 6,461 | (662 | ) | 376,322 | ||||||||||||||||||||||||
Costs and Expenses | ||||||||||||||||||||||||||||||||
Costs applicable to sales(1) | 81,937 | 48,494 | 53,718 | 43,293 | — | 3,002 | — | 230,444 | ||||||||||||||||||||||||
Amortization | 64,166 | 9,464 | 26,445 | 3,842 | 2 | 2,052 | 618 | 106,589 | ||||||||||||||||||||||||
Exploration | 5,170 | 79 | 1,235 | 996 | 690 | 630 | 4,815 | 13,615 | ||||||||||||||||||||||||
Litigation | — | — | — | 32,046 | — | — | — | 32,046 | ||||||||||||||||||||||||
Other operating expenses | 341 | 3,954 | 412 | 2,938 | — | (245 | ) | 25,016 | 32,416 | |||||||||||||||||||||||
Other income (expense) | ||||||||||||||||||||||||||||||||
Interest income and other, net | 1,514 | 1,288 | 281 | 57 | (11 | ) | 138 | (16,219 | ) | (12,952 | ) | |||||||||||||||||||||
Interest expense, net | (7,928 | ) | (46 | ) | (354 | ) | (11 | ) | — | — | (12,323 | ) | (20,662 | ) | ||||||||||||||||||
Fair value adjustments, net | 75,494 | — | 10,577 | — | — | — | (1,521 | ) | 84,550 | |||||||||||||||||||||||
Income and mining tax (expense) benefit | (20,816 | ) | (8,834 | ) | (1 | ) | (1,264 | ) | — | (245 | ) | (3,758 | ) | (34,918 | ) | |||||||||||||||||
Net income (loss) | $ | 40,293 | $ | 12,794 | $ | (1,181 | ) | $ | (9,956 | ) | $ | (703 | ) | $ | 915 | $ | (64,932 | ) | $ | (22,770 | ) | |||||||||||
Segment assets(2) | $ | 1,860,240 | $ | 286,325 | $ | 485,215 | $ | 122,917 | $ | 409,458 | $ | 31,493 | $ | 108,954 | $ | 3,304,602 | ||||||||||||||||
Capital expenditures | $ | 14,480 | $ | 3,616 | $ | 10,736 | $ | 9,894 | $ | 735 | $ | — | $ | 567 | $ | 40,028 | ||||||||||||||||
(1) Excludes amortization | ||||||||||||||||||||||||||||||||
(2) Segment assets consist of receivables, prepaids, inventories, property, plant and equipment, and mineral interests | ||||||||||||||||||||||||||||||||
(in thousands) | June 30, 2014 | December 31, 2013 | ||||||||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||||||||||
Total assets for reportable segments | $ | 2,571,728 | $ | 2,595,408 | ||||||||||||||||||||||||||||
Cash and cash equivalents | 269,133 | 206,690 | ||||||||||||||||||||||||||||||
Short term investments | 47,642 | — | ||||||||||||||||||||||||||||||
Other assets | 79,019 | 83,880 | ||||||||||||||||||||||||||||||
Total consolidated assets | $ | 2,967,522 | $ | 2,885,978 | ||||||||||||||||||||||||||||
Geographic Information | ||||||||||||||||||||||||||||||||
(in thousands) | June 30, 2014 | December 31, 2013 | ||||||||||||||||||||||||||||||
Long Lived Assets | ||||||||||||||||||||||||||||||||
United States | $ | 387,617 | $ | 384,626 | ||||||||||||||||||||||||||||
Australia | 23,858 | 25,668 | ||||||||||||||||||||||||||||||
Argentina | 94,495 | 94,705 | ||||||||||||||||||||||||||||||
Bolivia | 228,606 | 235,085 | ||||||||||||||||||||||||||||||
Mexico | 1,461,228 | 1,487,228 | ||||||||||||||||||||||||||||||
Other Foreign Countries | 15,650 | 10,462 | ||||||||||||||||||||||||||||||
Total | $ | 2,211,454 | $ | 2,237,774 | ||||||||||||||||||||||||||||
Three months ended June 30, | Six months ended June 30, | |||||||||||||||||||||||||||||||
(in thousands) | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||||
Revenue | ||||||||||||||||||||||||||||||||
United States | $ | 60,212 | $ | 65,754 | $ | 120,427 | $ | 144,502 | ||||||||||||||||||||||||
Mexico | 72,657 | 86,217 | 141,167 | 143,643 | ||||||||||||||||||||||||||||
Bolivia | 29,078 | 49,236 | 56,632 | 82,377 | ||||||||||||||||||||||||||||
Australia | 1,971 | 3,479 | 4,860 | 6,462 | ||||||||||||||||||||||||||||
Other | 644 | (161 | ) | $ | 1,109 | $ | (662 | ) | ||||||||||||||||||||||||
Total | $ | 164,562 | $ | 204,525 | $ | 324,195 | $ | 376,322 | ||||||||||||||||||||||||
Reclamation
Reclamation | 6 Months Ended | |||||||||||||||
Jun. 30, 2014 | ||||||||||||||||
Asset Retirement Obligation Disclosure [Abstract] | ' | |||||||||||||||
RECLAMATION AND MINE CLOSURE | ' | |||||||||||||||
RECLAMATION | ||||||||||||||||
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. On an ongoing basis, management evaluates its estimates and assumptions, and future expenditures could differ from current estimates. | ||||||||||||||||
Changes to the Company’s asset retirement obligations are as follows (in thousands): | ||||||||||||||||
Three months ended June 30, | Six months ended June 30, | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
Asset retirement obligation - Beginning | $ | 58,460 | $ | 35,197 | $ | 57,454 | $ | 34,457 | ||||||||
Accretion | 1,435 | 758 | 2,752 | 1,500 | ||||||||||||
Settlements | (100 | ) | (377 | ) | (411 | ) | (379 | ) | ||||||||
Asset retirement obligation - Ending | $ | 59,795 | $ | 35,578 | $ | 59,795 | $ | 35,578 | ||||||||
The Company has accrued $0.7 million and $1.0 million at June 30, 2014 and December 31, 2013, respectively, for reclamation liabilities related to former mining activities. These amounts are also included in Reclamation. |
StockBased_Compensation
Stock-Based Compensation | 6 Months Ended | |||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||||||||||||||
STOCK-BASED COMPENSATION PLANS | ' | |||||||||||||||||||||
STOCK-BASED COMPENSATION | ||||||||||||||||||||||
The Company has stock incentive plans for executives and eligible employees. Stock awards include stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares, and performance share units. Stock-based compensation expense for the three months ended June 30, 2014 and 2013 was $2.4 million and $1.6 million, respectively. Stock-based compensation expense for the six months ended June 30, 2014 and 2013 was $5.0 million and $2.7 million, respectively. At June 30, 2014, there was $11.8 million of unrecognized stock-based compensation cost which is expected to be recognized over a period of 1.8 years. | ||||||||||||||||||||||
The following table summarizes the grants awarded during the six months ended June 30, 2014: | ||||||||||||||||||||||
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 | |||||||||||||||||||||
17-Jan-14 | 243,351 | $ | 11.12 | 32,417 | $ | 4.39 | 345,833 | $ | 12.65 | |||||||||||||
26-Mar-14 | 435,208 | $ | 9.31 | 382,755 | $ | 3.74 | — | $ | — | |||||||||||||
The following options and stock appreciation rights were exercised during the six months ended June 30, 2014: | ||||||||||||||||||||||
Award Type | Number of | Weighted Average | Number of Exercisable Units | Weighted Average | ||||||||||||||||||
Exercised Units | Exercised Price | Exercisable Price | ||||||||||||||||||||
Options | — | $ | — | 256,927 | $ | 28.91 | ||||||||||||||||
Stock Appreciation Rights | — | $ | — | 50,209 | $ | 14.15 | ||||||||||||||||
Retirement_Savings_Plan
Retirement Savings Plan | 6 Months Ended |
Jun. 30, 2014 | |
Postemployment Benefits [Abstract] | ' |
RETIREMENT SAVINGS PLAN | ' |
RETIREMENT SAVINGS 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 maintains a Safe Harbor Match and is required to make matching contributions equal to 100% of the employee’s contribution up to 4% of each employee’s salary. In addition, the Company provides a noncontributory defined contribution based on a percentage of each eligible employee's salary. Total plan expenses recognized for the three and six months ended June 30, 2014 and 2013 were $1.6 million and $0.8 million, and $3.0 million and $2.1 million, respectively. |
Income_and_Mining_Taxes
Income and Mining Taxes | 6 Months Ended | |||||||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||||||||||||||||||||
INCOME TAXES | ' | |||||||||||||||||||||||||||
INCOME AND MINING TAXES | ||||||||||||||||||||||||||||
The following table summarizes the components of the Company's income and mining tax (expense) benefit for the three and six months ended June 30, 2014 and 2013 by significant location: | ||||||||||||||||||||||||||||
Three months ended June 30, | Six months ended June 30, | |||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
(in thousands) | Income (loss) before tax | Tax (expense) benefit | Income (loss) before tax | Tax (expense) benefit | Income (loss) before tax | Tax (expense) benefit | Income (loss) before tax | Tax (expense) benefit | ||||||||||||||||||||
United States | $ | (31,370 | ) | $ | (146 | ) | $ | (67,824 | ) | $ | (1,329 | ) | $ | (60,214 | ) | $ | (292 | ) | $ | (61,896 | ) | $ | (4,541 | ) | ||||
Argentina | (688 | ) | (349 | ) | (2,989 | ) | (117 | ) | (2,892 | ) | 4,083 | (6,981 | ) | (44 | ) | |||||||||||||
Mexico | (12,710 | ) | 107 | 47,214 | (15,798 | ) | (28,716 | ) | 3,828 | 58,756 | (19,471 | ) | ||||||||||||||||
Bolivia | 3,957 | (2,205 | ) | 12,122 | (4,556 | ) | 8,649 | (4,969 | ) | 21,628 | (8,884 | ) | ||||||||||||||||
Other jurisdictions | 311 | (28 | ) | 110 | (1,873 | ) | 793 | (582 | ) | 641 | (1,978 | ) | ||||||||||||||||
$ | (40,500 | ) | $ | (2,621 | ) | $ | (11,367 | ) | $ | (23,673 | ) | $ | (82,380 | ) | $ | 2,068 | $ | 12,148 | $ | (34,918 | ) | |||||||
The income tax provision for the three and six months ended June 30, 2014 differs from the statutory rate primarily due to (i) a full valuation allowance against the deferred tax assets relating to losses incurred in the United States and certain foreign locations, (ii) the impact of foreign exchange adjustments on deferred tax account balances, reserves for uncertain tax positions, and foreign earnings not considered as permanently reinvested with respect to certain foreign locations, and (iii) differences in foreign tax rates in the Company's foreign locations. In conjunction with these items, the Company's consolidated effective income tax rate is a function of the combined effective tax rates in the jurisdictions in which it operates. Variations in the relative proportions of jurisdictional income and loss result in significant fluctuations in its consolidated effective tax rate. | ||||||||||||||||||||||||||||
The Company has U.S. net operating loss carryforwards which expire in 2019 through 2033. Net operating losses in foreign countries have an indefinite carryforward period, except in Mexico where net operating loss carryforwards are limited to ten years. |
Net_Income_Loss_Per_Share
Net Income (Loss) Per Share | 6 Months Ended | |||||||||||||||
Jun. 30, 2014 | ||||||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||||||
NET INCOME (LOSS) PER SHARE | ' | |||||||||||||||
NET INCOME (LOSS) PER SHARE | ||||||||||||||||
Basic income (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock. | ||||||||||||||||
For the three months ended June 30, 2014, 2,147,989 shares of common stock equivalents related to equity-based awards were not included in the diluted per share calculation due to the net loss incurred. For the three months ended June 30, 2013, 1,202,100 shares of common stock equivalents related to equity-based awards were not included in the diluted per share calculation as the shares would be antidilutive. | ||||||||||||||||
For the six months ended June 30, 2014, 2,147,390 shares of common stock equivalents related to equity-based awards were not included in the diluted per share calculation due to the net loss incurred. For the six months ended June 30, 2013, 1,202,100 shares of common stock equivalents related to equity-based awards were not 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 net income (loss) per share for the three and six months ended June 30, 2014 and 2013 because there is no excess value upon conversion over the principal amount of the Notes. | ||||||||||||||||
Three months ended June 30, | Six months ended June 30, | |||||||||||||||
In thousands except per share amounts | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Net income (loss) available to common stockholders | $ | (43,121 | ) | $ | (35,040 | ) | $ | (80,312 | ) | $ | (22,770 | ) | ||||
Weighted average shares: | ||||||||||||||||
Basic | 102,444 | 99,833 | 102,405 | 94,918 | ||||||||||||
Effect of share based compensation plans | — | — | — | — | ||||||||||||
Diluted | 102,444 | 99,833 | 102,405 | 94,918 | ||||||||||||
Income (loss) per share: | ||||||||||||||||
Basic | $ | (0.42 | ) | $ | (0.35 | ) | $ | (0.78 | ) | $ | (0.24 | ) | ||||
Diluted | $ | (0.42 | ) | $ | (0.35 | ) | $ | (0.78 | ) | $ | (0.24 | ) |
Fair_Value_Measurements
Fair Value Measurements | 6 Months Ended | |||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||
FAIR VALUE MEASUREMENTS | ' | |||||||||||||||||||
FAIR VALUE MEASUREMENTS | ||||||||||||||||||||
The following table presents the components of Fair value adjustments, net (in thousands): | ||||||||||||||||||||
Three months ended March 31, | Six months ended June 30, | |||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||
Palmarejo royalty obligation embedded derivative | $ | (5,061 | ) | $ | 61,066 | $ | (15,296 | ) | $ | 75,495 | ||||||||||
Rochester net smelter royalty obligation | (1,837 | ) | — | (2,510 | ) | — | ||||||||||||||
Silver and gold options | (1,374 | ) | 6,350 | (2,868 | ) | 10,577 | ||||||||||||||
Foreign exchange contracts | (10 | ) | (662 | ) | 957 | (1,522 | ) | |||||||||||||
Fair value adjustments, net | $ | (8,282 | ) | $ | 66,754 | $ | (19,717 | ) | $ | 84,550 | ||||||||||
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 presents 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. 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 June 30, 2014 | ||||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | |||||||||||||||||
Assets: | ||||||||||||||||||||
Short-term investments | $ | 47,642 | $ | 47,642 | $ | — | $ | — | ||||||||||||
Marketable equity securities | 13,761 | 13,761 | — | — | ||||||||||||||||
Silver and gold options | 1,298 | — | 1,298 | — | ||||||||||||||||
Other derivative instruments, net | 240 | — | 240 | — | ||||||||||||||||
$ | 62,941 | $ | 61,403 | $ | 1,538 | $ | — | |||||||||||||
Liabilities: | ||||||||||||||||||||
Palmarejo royalty obligation embedded derivative | $ | 43,960 | $ | — | $ | — | $ | 43,960 | ||||||||||||
Rochester net smelter royalty obligation | 23,656 | — | — | 23,656 | ||||||||||||||||
Silver and gold options | 291 | — | 291 | — | ||||||||||||||||
$ | 67,907 | $ | — | $ | 291 | $ | 67,616 | |||||||||||||
Fair Value at December 31, 2013 | ||||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | |||||||||||||||||
Assets: | ||||||||||||||||||||
Marketable equity securities | $ | 14,521 | $ | 14,521 | $ | — | $ | — | ||||||||||||
Silver and gold options | 135 | — | 135 | — | ||||||||||||||||
$ | 14,656 | $ | 14,521 | $ | 135 | $ | — | |||||||||||||
Liabilities: | ||||||||||||||||||||
Palmarejo royalty obligation embedded derivative | $ | 40,338 | $ | — | $ | — | $ | 40,338 | ||||||||||||
Rochester net smelter royalty obligation | 21,630 | — | — | 21,630 | ||||||||||||||||
Other derivative instruments, net | 1,591 | — | 1,591 | — | ||||||||||||||||
$ | 63,559 | $ | — | $ | 1,591 | $ | 61,968 | |||||||||||||
The Company’s short-term investments are readily convertible to cash. The Company’s investments in 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 silver and gold options and other derivative instruments, net, which relate to 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 Palmarejo royalty obligation embedded derivative and Rochester net smelter 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 plans are a significant input used in the estimated fair value of the Palmarejo royalty obligation embedded derivative and Rochester net smelter royalty obligation and is considered company specific and unobservable. Therefore, the Company has classified the Palmarejo royalty obligation embedded derivative and Rochester net smelter royalty obligation as Level 3 financial liabilities. Based on the current mine plans, expected royalty durations of 2.0 years and 4.6 years were used to estimate the fair value of the Palmarejo royalty obligation embedded derivative and Rochester net smelter royalty obligation, respectively, at June 30, 2014. | ||||||||||||||||||||
No assets or liabilities were transferred between fair value levels in the three and six months ended June 30, 2014. | ||||||||||||||||||||
The following tables present the changes in the fair value of the Company's Level 3 financial liabilities for the three and six months ended June 30, 2014 (in thousands): | ||||||||||||||||||||
Three months ended June 30, 2014 | ||||||||||||||||||||
Balance at the beginning of the period | Revaluation | Settlements | Balance at the end of the period | |||||||||||||||||
Palmarejo royalty obligation embedded derivative | $ | 44,357 | $ | 5,061 | $ | (5,458 | ) | $ | 43,960 | |||||||||||
Rochester net smelter royalty obligation | 22,303 | 1,837 | (484 | ) | 23,656 | |||||||||||||||
Six months ended June 30, 2014 | ||||||||||||||||||||
Balance at the beginning of the period | Revaluation | Settlements | Balance at the end of the period | |||||||||||||||||
Palmarejo royalty obligation embedded derivative | $ | 40,338 | $ | 15,296 | $ | (11,674 | ) | $ | 43,960 | |||||||||||
Rochester net smelter royalty obligation | 21,630 | 2,510 | (484 | ) | 23,656 | |||||||||||||||
The fair value of financial assets and liabilities measured at book value in the financial statements at June 30, 2014 and December 31, 2013 is presented in the following table (in thousands): | ||||||||||||||||||||
30-Jun-14 | ||||||||||||||||||||
Book Value | Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Liabilities: | ||||||||||||||||||||
3.25% Convertible Senior Notes due 2028 | $ | 5,334 | $ | 5,047 | $ | — | $ | 5,047 | $ | — | ||||||||||
7.875% Senior Notes due 2021 | 452,855 | 455,625 | — | 455,625 | — | |||||||||||||||
Palmarejo Gold Production Royalty Obligation | 41,976 | 51,252 | — | — | 51,252 | |||||||||||||||
31-Dec-13 | ||||||||||||||||||||
Book Value | Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Liabilities: | ||||||||||||||||||||
3.25% Convertible Senior Notes due 2028 | $ | 5,334 | $ | 5,067 | $ | 5,067 | $ | — | $ | — | ||||||||||
7.875% Senior Notes due 2021 | 300,000 | 307,314 | 307,314 | — | — | |||||||||||||||
Palmarejo Gold Production Royalty Obligation | 51,193 | 65,212 | — | — | 65,212 | |||||||||||||||
The fair value at June 30, 2014 and December 31, 2013 of the 3.25% Convertible Senior Notes and 7.875% Senior Notes outstanding were estimated using quoted market prices. The fair value of debt was transferred to Level 2 from Level 1 of the fair value hierarchy at March 31, 2014 due to observability of quoted market prices. | ||||||||||||||||||||
The fair value of the Palmarejo gold production royalty obligation is 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 Palmarejo gold production royalty obligation and is considered company specific and unobservable. Therefore, the Company has classified the Palmarejo gold production royalty obligation as Level 3 financial liabilities. Based on the current mine plan, an expected royalty duration of 2.0 years was used to estimate the fair value of the Palmarejo gold production royalty obligation as of June 30, 2014. |
Derivative_Financial_Instrumen
Derivative Financial Instruments | 6 Months Ended | |||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||||||||||||
DERIVATIVE FINANCIAL INSTRUMENTS | ' | |||||||||||||||||
DERIVATIVE FINANCIAL INSTRUMENTS | ||||||||||||||||||
Palmarejo Gold Production Royalty | ||||||||||||||||||
On January 21, 2009, the Company's subsidiary, Coeur Mexicana S.A. de C.V. ("Coeur Mexicana") entered into a gold production royalty transaction with a subsidiary of Franco-Nevada Corporation. The royalty covers 50% of the life of mine production from the Palmarejo mine and adjacent properties. The royalty transaction includes 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. At June 30, 2014, a total of 110,240 ounces of gold remain outstanding under the minimum royalty obligation. | ||||||||||||||||||
The price volatility associated with the minimum royalty obligation is considered an embedded derivative. The Company is required to recognize the change in fair value of the remaining minimum obligation due to changing gold prices. Unrealized gains are recognized in periods when the gold price has decreased from the previous period and unrealized losses are recognized in periods when the 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 6.1% and 4.2% at June 30, 2014 and December 31, 2013, respectively. The fair value of the embedded derivative at June 30, 2014 and December 31, 2013 was a liability of $44.0 million and $40.3 million, respectively. For the three months ended June 30, 2014 and 2013, the mark-to-market adjustments were losses of $5.1 million and gains of $61.1 million, respectively. For the six months ended June 30, 2014 and 2013, the mark-to-market adjustments were losses of $15.3 million and gains of $75.5 million, respectively. | ||||||||||||||||||
Payments on the royalty obligation decrease the carrying amount of the minimum obligation and the derivative liability. 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 $408 per ounce, subject to a 1% annual inflation adjustment. For the three months ended June 30, 2014 and 2013, realized losses on settlement of the liabilities were $5.5 million and $8.1 million, respectively. For the six months ended June 30, 2014 and 2013, realized losses on settlement of the liabilities were $11.7 million and $17.2 million, respectively. The mark-to-market adjustments and realized losses are included in Fair value adjustments, net. | ||||||||||||||||||
Foreign Exchange Contracts | ||||||||||||||||||
The Company periodically enters into foreign currency derivative contracts to reduce the foreign exchange risk associated with Mexican peso (“MXN”) operating costs at its Palmarejo mine. At June 30, 2014, the Company had outstanding call and put option contracts, or collars, on $23.0 million with a weighted-average strike price of 12.60 MXN for the floor and 14.97 MXN for the ceiling. The fair value of these contracts was nil at June 30, 2014. At December 31, 2013, the Company had MXN foreign exchange forward contracts on $12.0 million in U.S. dollars. These contracts required the Company to exchange U.S. dollars for MXN at a weighted average exchange rate of 12.21 MXN to each U.S. dollar and the fair value of those contracts was a liability of $0.9 million at December 31, 2013. In addition, at December 31, 2013, the Company had outstanding collars on $45.0 million with a weighted-average strike price of 12.60 MXN for the floor and 14.80 MXN for the ceiling. The fair value of these contracts was nil at December 31, 2013. | ||||||||||||||||||
The Company recorded no mark-to-market adjustments for the three months ended June 30, 2014 and mark-to-market losses of $0.7 million for the three months ended June 30, 2013 on the MXN forward contracts and collars. For the six months ended June 30, 2014 and 2013, the Company recorded mark-to-market gains of $1.0 million and losses of $1.5 million, respectively, on MXN forward contracts and collars. These mark-to-market adjustments are reflected in Fair value adjustments, net. | ||||||||||||||||||
The Company recorded no realized gains or losses and realized gains of $0.2 million in Costs applicable to sales during the three months ended June 30, 2014 and 2013, respectively. For the six months ended June 30, 2014 and 2013, the Company recorded realized losses of $0.9 million and realized gains of $0.8 million in Costs applicable to sales. | ||||||||||||||||||
Concentrate Sales Contracts | ||||||||||||||||||
The Company's concentrate sales to third-party smelters, in general, provide for a provisional payment based upon preliminary assays and forward 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 derivatives do not qualify for hedge accounting and are marked to market through earnings each period until final settlement. Changes in silver and gold prices resulted in no provisional pricing mark-to-market adjustments in the three months ended June 30, 2014 and mark-to-market gains of $0.9 million in the six months ended June 30, 2014, compared to mark-to-market losses of $0.7 million and $2.4 million in the three and six months ended June 30, 2013. At June 30, 2014, the Company had outstanding provisionally priced sales of 0.2 million ounces of silver and 11,559 ounces of gold at prices of $19.99 and $1,286, respectively. | ||||||||||||||||||
Silver and Gold Options | ||||||||||||||||||
At June 30, 2014, the Company has outstanding put spread contracts on 3,750,000 ounces of silver and 74,000 ounces of gold. The weighted average high and low strike prices on the silver put spreads are $18.00 per ounce and $16.00 per ounce, respectively. The weighted average high and low strike prices on the gold put spreads are $1,200 and $1,050, respectively. | ||||||||||||||||||
If the market price of silver and gold were to average less than the high strike price but more than the low strike price during the contract period, the Company would receive the difference between the average market price and the high strike price for the contracted volume over the contract period. If the market price of silver and gold were to average less than the low strike price during the contract period, the Company would receive the difference between the average market price and the high strike price for the contracted volume over the contract period, and the Company would be required to pay the difference between the average market price and the low strike price for the contracted volume over the contract period. | ||||||||||||||||||
The put spread contracts are generally net cash settled and expire during the remainder of 2014 and the first quarter of 2015. At June 30, 2014, the fair market value of the put spreads was a net asset of $1.0 million. | ||||||||||||||||||
At December 31, 2013, the Company had outstanding put options allowing it to net settle 25,000 ounces of gold and 1,250,000 ounces of silver at weighted average prices of $1,150 per ounce and $17.00 per ounce, respectively, if the market price of gold or silver were to average less than the strike price during the contract period. At December 31, 2013, the fair market value of these contracts was a net asset of $0.1 million. | ||||||||||||||||||
During the three months ended June 30, 2014 and 2013, the Company recorded unrealized losses of $1.4 million and unrealized gains of $6.4 million, respectively, related to outstanding options which was included in Fair value adjustments, net. The Company also recognized a realized loss of $0.7 million and $0.2 million resulting from expiring contracts during the three months ended June 30, 2014 and 2013, respectively. | ||||||||||||||||||
During the six months ended June 30, 2014 and 2013, the Company recorded unrealized losses of $2.9 million and unrealized gains of $10.6 million, respectively, related to outstanding options which was included in Fair value adjustments, net. The Company also recognized a realized loss of $0.4 million and a realized loss of $1.1 million resulting from expiring contracts during the six months ended June 30, 2014 and 2013, respectively. | ||||||||||||||||||
At June 30, 2014, the Company had the following derivative instruments that settle in each of the years indicated (in thousands except average prices and notional ounces): | ||||||||||||||||||
2014 | 2015 | 2016 | Thereafter | |||||||||||||||
Palmarejo gold production royalty | $ | 27,334 | $ | 46,078 | $ | 27,741 | $ | — | ||||||||||
Average gold price in excess of minimum contractual deduction | $ | 913 | $ | 919 | $ | 920 | $ | — | ||||||||||
Notional ounces | 29,920 | 50,153 | 30,168 | — | ||||||||||||||
Mexican peso put options purchased | $ | 23,000 | $ | — | $ | — | $ | — | ||||||||||
Average rate (MXN/$) | 14.97 | — | — | — | ||||||||||||||
Mexican peso notional amount | 344,310 | — | — | — | ||||||||||||||
Mexican peso call options sold | $ | 23,000 | $ | — | $ | — | $ | — | ||||||||||
Average rate (MXN/$) | 12.6 | — | — | — | ||||||||||||||
Mexican peso notional amount | 289,800 | — | — | — | ||||||||||||||
Silver concentrate sales contracts | $ | 3,253 | $ | — | $ | — | $ | — | ||||||||||
Average silver price | $ | 19.99 | $ | — | $ | — | $ | — | ||||||||||
Notional ounces | 162,724 | — | — | — | ||||||||||||||
Gold concentrate sales contracts | $ | 14,865 | $ | — | $ | — | $ | — | ||||||||||
Average gold price | $ | 1,286 | $ | — | $ | — | $ | — | ||||||||||
Notional ounces | 11,559 | — | — | — | ||||||||||||||
Gold put options purchased | $ | 60,000 | $ | 28,800 | $ | — | $ | — | ||||||||||
Average gold strike price | $ | 1,200 | $ | 1,200 | $ | — | $ | — | ||||||||||
Notional ounces | 50,000 | 24,000 | — | — | ||||||||||||||
Silver put options purchased | $ | 45,000 | $ | 22,500 | $ | — | $ | — | ||||||||||
Average silver strike price | $ | 18 | $ | 18 | $ | — | $ | — | ||||||||||
Notional ounces | 2,500,000 | 1,250,000 | — | — | ||||||||||||||
Gold put options sold | $ | (52,500 | ) | $ | (25,200 | ) | $ | — | $ | — | ||||||||
Average gold strike price | $ | 1,050 | $ | 1,050 | $ | — | $ | — | ||||||||||
Notional ounces | 50,000 | 24,000 | — | — | ||||||||||||||
Silver put options sold | $ | (40,000 | ) | $ | (20,000 | ) | $ | — | $ | — | ||||||||
Average silver strike price | $ | 16 | $ | 16 | $ | — | $ | — | ||||||||||
Notional ounces | 2,500,000 | 1,250,000 | — | — | ||||||||||||||
The following summarizes the classification of the fair value of the derivative instruments (in thousands): | ||||||||||||||||||
June 30, 2014 | ||||||||||||||||||
Prepaid | Accrued | Current | Non-current | |||||||||||||||
expenses and | liabilities and | portion of | portion of | |||||||||||||||
other | other | royalty | royalty | |||||||||||||||
obligation | obligation | |||||||||||||||||
Foreign exchange contracts, peso | $ | 49 | $ | — | $ | — | $ | — | ||||||||||
Palmarejo gold production royalty | — | — | 22,393 | 21,567 | ||||||||||||||
Silver and gold options | 1,298 | 291 | — | — | ||||||||||||||
Concentrate sales contracts | 192 | 1 | — | — | ||||||||||||||
$ | 1,539 | $ | 292 | $ | 22,393 | $ | 21,567 | |||||||||||
December 31, 2013 | ||||||||||||||||||
Prepaid | Accrued | Current | Non-current | |||||||||||||||
expenses and | liabilities and | portion of | portion of | |||||||||||||||
other | other | royalty | royalty | |||||||||||||||
obligation | obligation | |||||||||||||||||
Foreign exchange contracts, peso | $ | 38 | $ | 947 | $ | — | $ | — | ||||||||||
Palmarejo gold production royalty | — | — | 17,650 | 22,688 | ||||||||||||||
Silver and gold options | 135 | — | — | — | ||||||||||||||
Concentrate sales contracts | 11 | 693 | — | — | ||||||||||||||
$ | 184 | $ | 1,640 | $ | 17,650 | $ | 22,688 | |||||||||||
The following represent mark-to-market gains (losses) on derivative instruments for the three and six months ended June 30, 2014, and 2013 (in thousands): | ||||||||||||||||||
Three months ended June 30, | Six months ended June 30, | |||||||||||||||||
Financial statement line | Derivative | 2014 | 2013 | 2014 | 2013 | |||||||||||||
Sales of metal | Concentrate sales contracts | $ | 7 | $ | (667 | ) | $ | 872 | $ | (2,422 | ) | |||||||
Costs applicable to sales | Foreign exchange contracts | — | 203 | (924 | ) | 830 | ||||||||||||
Fair value adjustments, net | Foreign exchange contracts (MXN) | (10 | ) | (2,260 | ) | 957 | (1,522 | ) | ||||||||||
Fair value adjustments, net | Foreign exchange contracts (CDN) | — | 1,598 | — | — | |||||||||||||
Fair value adjustments, net | Palmarejo gold royalty | (5,061 | ) | 61,066 | (15,296 | ) | 75,495 | |||||||||||
Fair value adjustments, net | Silver and gold options | (1,374 | ) | 6,350 | (2,868 | ) | 10,577 | |||||||||||
$ | (6,438 | ) | $ | 66,290 | $ | (17,259 | ) | $ | 82,958 | |||||||||
Credit Risk | ||||||||||||||||||
The credit risk exposure related to any derivative instrument is limited to the unrealized gains, if any, on outstanding contracts based on current market prices. To reduce counter-party credit exposure, the Company enters into contracts with financial institutions management deems credit worthy and limits credit exposure to each institution. The Company does not anticipate non-performance by any of its counterparties. In addition, to allow for situations where derivative positions may need to be revised, the Company transacts only in markets that management considers highly liquid. |
Acquisitions
Acquisitions | 6 Months Ended | |||
Jun. 30, 2014 | ||||
Business Combinations [Abstract] | ' | |||
Acquisitions | ' | |||
ACQUISITIONS | ||||
On May 27, 2014, the Company's subsidiary Coeur Capital Inc. entered into a net smelter royalty agreement with International Northair Mines, Ltd. ("Northair"). Pursuant to the agreement, Coeur Capital, Inc. paid $2.2 million cash for a 1.25% net smelter royalty and, subject to satisfaction of certain conditions by Northair, will pay an additional $1.8 million on September 2, 2014 for an additional 1.25% net smelter royalty payable on future production from the La Cigarra silver project located in north central Mexico. | ||||
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 (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 | ||
Investments
Investments | 6 Months Ended | ||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||
Investment in Marketable Securities [Abstract] | ' | ||||||||||||||||||||
INVESTMENTS | ' | ||||||||||||||||||||
INVESTMENTS | |||||||||||||||||||||
The Company invests part of its cash balances in a managed portfolio of liquid investments including highly-rated corporate bonds which are classified as short-term investments. The Company also 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 value in the financial statements with unrealized gains and losses recorded in Other comprehensive income (loss). | |||||||||||||||||||||
(in thousands) | At June 30, 2014 | ||||||||||||||||||||
Cost | Gross | Gross | Estimated | ||||||||||||||||||
Unrealized | Unrealized | Fair Value | |||||||||||||||||||
Losses | Gains | ||||||||||||||||||||
Short-term investments | $ | 47,661 | $ | (31 | ) | $ | 12 | $ | 47,642 | ||||||||||||
Marketable equity securities | 13,972 | (677 | ) | 466 | 13,761 | ||||||||||||||||
(in thousands) | At December 31, 2013 | ||||||||||||||||||||
Cost | Gross | Gross | Estimated | ||||||||||||||||||
Unrealized | Unrealized | Fair Value | |||||||||||||||||||
Losses | Gains | ||||||||||||||||||||
Marketable equity securities | $ | 17,649 | $ | (3,300 | ) | $ | 172 | $ | 14,521 | ||||||||||||
The following table summarizes the gross unrealized losses on investment securities for which other-than-temporary impairments have not been recognized and the fair values of those securities, aggregated by the length of time the individual securities have been in a continuous unrealized loss position, at June 30, 2014 (in thousands): | |||||||||||||||||||||
Less than twelve months | Twelve months or more | Total | |||||||||||||||||||
Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | ||||||||||||||||
Short-term investments | $ | (31 | ) | $ | 29,090 | $ | — | $ | — | $ | (31 | ) | $ | 29,090 | |||||||
Marketable equity securities | $ | — | $ | — | $ | (677 | ) | $ | 1,399 | $ | (677 | ) | $ | 1,399 | |||||||
The Company recognized net of tax unrealized losses of $0.8 million and $7.5 million in the three months ended June 30, 2014 and 2013, respectively, and $0.4 million and $11.1 million in the six months ended June 30, 2014 and 2013, respectively, in Other comprehensive income (loss). 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 recorded other-than-temporary impairment losses of $0.9 million and $17.2 million in the three months ended June 30, 2014 and 2013, respectively, and $3.5 million and $17.2 million in the six months ended June 30, 2014 and 2013, respectively. |
Receivables
Receivables | 6 Months Ended | |||||||
Jun. 30, 2014 | ||||||||
Receivables [Abstract] | ' | |||||||
RECEIVABLES | ' | |||||||
RECEIVABLES | ||||||||
Receivables consist of the following (in thousands): | ||||||||
June 30, 2014 | December 31, 2013 | |||||||
Receivables - current: | ||||||||
Trade receivables | $ | 7,467 | $ | 17,303 | ||||
Income tax receivable | 7,845 | 6,240 | ||||||
Value added tax receivable | 47,340 | 49,168 | ||||||
Other | 6,041 | 8,363 | ||||||
$ | 68,693 | $ | 81,074 | |||||
Receivables - non-current: | ||||||||
Value added tax receivable | $ | 38,424 | $ | 36,574 | ||||
Metal_and_Other_Inventory
Metal and Other Inventory | 6 Months Ended | |||||||
Jun. 30, 2014 | ||||||||
Inventory Disclosure [Abstract] | ' | |||||||
METAL AND OTHER INVENTORY | ' | |||||||
INVENTORY AND ORE ON LEACH PADS | ||||||||
Inventory consists of the following (in thousands): | ||||||||
Inventory: | June 30, 2014 | December 31, 2013 | ||||||
Concentrate | $ | 19,151 | $ | 14,855 | ||||
Precious metals | 52,630 | 52,250 | ||||||
Supplies | 65,863 | 64,918 | ||||||
$ | 137,644 | $ | 132,023 | |||||
Ore on Leach Pads: | ||||||||
Current | $ | 44,964 | $ | 50,495 | ||||
Non-Current | 46,956 | 31,528 | ||||||
$ | 91,920 | $ | 82,023 | |||||
Total Inventory and Ore on Leach Pads | $ | 229,564 | $ | 214,046 | ||||
Property_Plant_and_Equipment
Property, Plant and Equipment | 6 Months Ended | |||||||
Jun. 30, 2014 | ||||||||
Property, Plant and Equipment [Abstract] | ' | |||||||
PROPERTY, PLANT AND EQUIPMENT | ' | |||||||
PROPERTY, PLANT AND EQUIPMENT | ||||||||
Property, plant and equipment consist of the following (in thousands): | ||||||||
June 30, 2014 | December 31, 2013 | |||||||
Land | $ | 1,764 | $ | 1,764 | ||||
Facilities and equipment | 872,575 | 855,318 | ||||||
Capital leases | 25,680 | 16,133 | ||||||
900,019 | 873,215 | |||||||
Accumulated amortization | (429,904 | ) | (395,520 | ) | ||||
470,115 | 477,695 | |||||||
Construction in progress | 12,672 | 8,578 | ||||||
Property, plant and equipment, net | $ | 482,787 | $ | 486,273 | ||||
Mining_Properties
Mining Properties | 6 Months Ended | |||||||||||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||||||||||
Mining Properties [Abstract] | ' | |||||||||||||||||||||||||||||||
MINING PROPERTIES | ' | |||||||||||||||||||||||||||||||
MINING PROPERTIES | ||||||||||||||||||||||||||||||||
Mining properties consist of the following (in thousands): | ||||||||||||||||||||||||||||||||
June 30, 2014 | Palmarejo | San | Kensington | Rochester | La Preciosa | Joaquin | Coeur Capital | Total | ||||||||||||||||||||||||
Bartolomé | ||||||||||||||||||||||||||||||||
Mine development | $ | 158,631 | $ | 70,764 | $ | 275,660 | $ | 152,443 | $ | — | $ | — | $ | — | $ | 657,498 | ||||||||||||||||
Accumulated amortization | (116,097 | ) | (24,091 | ) | (92,162 | ) | (108,109 | ) | — | — | — | (340,459 | ) | |||||||||||||||||||
42,534 | 46,673 | 183,498 | 44,334 | — | — | — | 317,039 | |||||||||||||||||||||||||
Mineral interests | 1,146,572 | 26,643 | — | — | 408,352 | 93,429 | 85,838 | 1,760,834 | ||||||||||||||||||||||||
Accumulated amortization | (318,214 | ) | (9,434 | ) | — | — | — | — | (21,558 | ) | (349,206 | ) | ||||||||||||||||||||
828,358 | 17,209 | — | — | 408,352 | 93,429 | 64,280 | 1,411,628 | |||||||||||||||||||||||||
Mining properties, net | $ | 870,892 | $ | 63,882 | $ | 183,498 | $ | 44,334 | $ | 408,352 | $ | 93,429 | $ | 64,280 | $ | 1,728,667 | ||||||||||||||||
December 31, 2013 | Palmarejo | San | Kensington | Rochester | La Preciosa | Joaquin | Coeur Capital | Total | ||||||||||||||||||||||||
Bartolomé | ||||||||||||||||||||||||||||||||
Mine development | $ | 151,845 | $ | 70,761 | $ | 268,351 | $ | 150,348 | $ | — | $ | — | $ | — | $ | 641,305 | ||||||||||||||||
Accumulated amortization | (110,143 | ) | (22,236 | ) | (80,032 | ) | (103,130 | ) | — | — | — | (315,541 | ) | |||||||||||||||||||
41,702 | 48,525 | 188,319 | 47,218 | — | — | — | 325,764 | |||||||||||||||||||||||||
Mineral interests | 1,146,572 | 26,643 | — | — | 408,352 | 93,429 | 78,133 | 1,753,129 | ||||||||||||||||||||||||
Accumulated amortization | (300,187 | ) | (8,759 | ) | — | — | — | — | (18,446 | ) | (327,392 | ) | ||||||||||||||||||||
846,385 | 17,884 | — | — | 408,352 | 93,429 | 59,687 | 1,425,737 | |||||||||||||||||||||||||
Mining properties, net | $ | 888,087 | $ | 66,409 | $ | 188,319 | $ | 47,218 | $ | 408,352 | $ | 93,429 | $ | 59,687 | $ | 1,751,501 | ||||||||||||||||
Debt
Debt | 6 Months Ended | |||||||||||||||
Jun. 30, 2014 | ||||||||||||||||
Debt Disclosure [Abstract] | ' | |||||||||||||||
DEBT | ' | |||||||||||||||
DEBT | ||||||||||||||||
Long-term debt and capital lease obligations at June 30, 2014 and December 31, 2013 are as follows (in thousands): | ||||||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||||||
Current | Non-Current | Current | Non-Current | |||||||||||||
3.25% Convertible Senior Notes due 2028 | $ | 5,334 | $ | — | $ | — | $ | 5,334 | ||||||||
7.875% Senior Notes due 2021 | — | 452,855 | — | 300,000 | ||||||||||||
Capital lease obligations | 6,231 | 15,715 | 2,505 | 796 | ||||||||||||
$ | 11,565 | $ | 468,570 | $ | 2,505 | $ | 306,130 | |||||||||
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 “Original 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. | ||||||||||||||||
On March 12, 2014, the Company completed an offering of $150 million in aggregate principal amount of 7.875% Senior Notes due 2021 (the “Additional Notes” and together with the Original Notes, the "Senior Notes") in a private placement conducted pursuant to Rule 144A and Regulation S under the Securities Act. The Additional Notes constitute a further issuance of the Original Notes and form a single series of debt securities with the Original Notes. Upon completion of Coeur’s offering of the Additional Notes, the aggregate principal amount of the outstanding Senior Notes was $450 million. The Company commenced an exchange offer for the Additional Notes on April 10, 2014 to exchange the Additional Notes for freely transferable notes containing substantially similar terms, in accordance with the registration rights granted to the holders of the Additional Notes when they were issued. The exchange offer was consummated on May 9, 2014. | ||||||||||||||||
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 the Convertible Notes. 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 June 30, 2014. The notes are classified as current liabilities at June 30, 2014 as a result of the holders' option to require the Company to repurchase the notes on March 15, 2015. | ||||||||||||||||
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 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 provided 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, by up to $50.0 million. | ||||||||||||||||
On January 16, 2014, the Company and the Borrowers entered into Amendment No. 1 to Credit Agreement (the “Amendment”) to amend the Credit Agreement. Pursuant to the Amendment, among other things, the pricing of loans and undrawn commitments under the Credit Agreement was modified and certain modifications were made to the financial covenants and negative covenant provisions under the Credit Agreement. On March 20, 2014, the Borrowers notified the administrative agent that they were terminating the Revolving Credit Facility, effective March 25, 2014. The Company wrote off $3.0 million related to the termination of the Credit Agreement in the six months ended June 30, 2014. No amounts were outstanding under the Revolving Credit Facility at the time of termination, and no early termination penalty was payable in connection with the termination. | ||||||||||||||||
Lines of Credit | ||||||||||||||||
At June 30, 2014, San Bartolomé had two outstanding lines of credit supporting value added tax recoveries in Bolivia. One line is for $7.0 million bearing interest at 2.75% per annum and the other line is for $4.0 million bearing interest at 3.0% per annum. There was no balance outstanding on the two lines of credit at June 30, 2014 and 2013, respectively. | ||||||||||||||||
Palmarejo Gold Production Royalty Obligation | ||||||||||||||||
On January 21, 2009, Coeur Mexicana entered into a gold production royalty transaction with a subsidiary of Franco-Nevada Corporation under which Franco-Nevada Mexico Corporation S.A. de C.V. ("Franco-Nevada Mexico") 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. Each monthly payment is an amount equal to the greater of 4,167 ounces of gold or 50% of actual gold production multiplied by the excess of the monthly average market price of gold above $408 per ounce, subject to a 1% annual inflation compounding adjustment. As of June 30, 2014, payments had been made on a total of 289,760 ounces of gold with further payments to be made on an additional 110,240 ounces of gold. After payments have been made on a total of 400,000 ounces of gold, the royalty obligation is payable in the amount of 50% of actual gold production per month multiplied by the excess of the monthly average market price of gold above $400 per ounce, adjusted as described above. Payments under the royalty agreement are to be made in cash or gold bullion. During the three months ended June 30, 2014 and 2013, the Company paid $12.3 million and $15.5 million, respectively, and the Company paid $27.0 million and $30.9 million during the six months ended June 30, 2014 and 2013, respectively, in royalty payments to Franco-Nevada Corporation. Payments made during the minimum obligation period will result in a reduction to the remaining minimum obligation. Payments made beyond the minimum obligation period will be recognized in operating expenses. | ||||||||||||||||
The Company used an implicit interest rate of 30.5% to discount the original obligation, based on the fair value of the consideration received projected over the expected future cash flows at inception of the obligation. The discounted obligation is accreted to its expected future value over the expected minimum payment period based on the implicit interest rate. The Company recognized accretion expense for the three months ended June 30, 2014 and 2013 of $2.9 million and $4.1 million, respectively, and $6.1 million and $8.2 million for the six months ended June 30, 2014 and 2013, respectively. At June 30, 2014 and December 31, 2013, the remaining minimum obligation under the royalty agreement was $42.0 million and $51.2 million, respectively. | ||||||||||||||||
Interest Expense | ||||||||||||||||
Interest expense is made up of the following (in thousands): | ||||||||||||||||
Three months ended June 30, | Six months ended June 30, | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
3.25% Convertible Senior Notes due 2028 | $ | 43 | $ | 43 | $ | 86 | $ | 380 | ||||||||
7.875% Senior Notes due 2021 | 8,859 | 5,906 | 15,323 | 10,041 | ||||||||||||
Revolving Credit Facility | — | 133 | 179 | 258 | ||||||||||||
Loss on Revolving Credit Facility | — | — | 3,035 | — | ||||||||||||
Capital lease obligations | 333 | 98 | 392 | 266 | ||||||||||||
Other debt obligations | — | 72 | — | 268 | ||||||||||||
Accretion of Palmarejo gold production royalty obligation | 2,898 | 4,107 | 6,094 | 8,170 | ||||||||||||
Amortization of debt issuance costs | 420 | 539 | 918 | 1,064 | ||||||||||||
Accretion of debt (premium) discount | (108 | ) | — | (144 | ) | 576 | ||||||||||
Capitalized interest | (135 | ) | 32 | (518 | ) | (361 | ) | |||||||||
Total interest expense, net of capitalized interest | $ | 12,310 | $ | 10,930 | $ | 25,365 | $ | 20,662 | ||||||||
Supplemental_Guarantor_Informa
Supplemental Guarantor Information | 6 Months Ended | ||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||
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., Coeur South America Corp., and Coeur Capital Inc. (collectively, the “Subsidiary Guarantors”) of the $450 million aggregate principal amount of Senior Notes. 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 and the guarantees are full and unconditional. There are no restrictions on the ability of Coeur to obtain funds from its subsidiaries by dividend or loan. | |||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) | |||||||||||||||||||||
THREE MONTHS ENDED JUNE 30, 2014 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
Revenue | $ | — | $ | 60,748 | $ | 103,814 | $ | — | $ | 164,562 | |||||||||||
COSTS AND EXPENSES | |||||||||||||||||||||
Costs applicable to sales(1) | — | 47,599 | 71,088 | — | 118,687 | ||||||||||||||||
Amortization | 448 | 16,784 | 24,190 | — | 41,422 | ||||||||||||||||
General and administrative | 9,716 | (163 | ) | (155 | ) | — | 9,398 | ||||||||||||||
Exploration | 950 | 2,483 | 1,720 | — | 5,153 | ||||||||||||||||
Pre-development, reclamation, and other | 352 | 1,307 | 7,101 | — | 8,760 | ||||||||||||||||
Total costs and expenses | 11,466 | 68,010 | 103,944 | — | 183,420 | ||||||||||||||||
OTHER INCOME (EXPENSE), NET | |||||||||||||||||||||
Fair value adjustments, net | (1,456 | ) | (1,837 | ) | (4,989 | ) | — | (8,282 | ) | ||||||||||||
Impairment of marketable securities | — | (934 | ) | — | — | (934 | ) | ||||||||||||||
Interest income and other, net | 1,075 | 12 | (507 | ) | (696 | ) | (116 | ) | |||||||||||||
Interest expense, net of capitalized interest | (9,215 | ) | (314 | ) | (3,477 | ) | 696 | (12,310 | ) | ||||||||||||
Total other income (expense), net | (9,596 | ) | (3,073 | ) | (8,973 | ) | — | (21,642 | ) | ||||||||||||
Loss before income and mining taxes | (21,062 | ) | (10,335 | ) | (9,103 | ) | — | (40,500 | ) | ||||||||||||
Income and mining tax (expense) benefit | 273 | (419 | ) | (2,475 | ) | — | (2,621 | ) | |||||||||||||
Total loss after income and mining taxes | (20,789 | ) | (10,754 | ) | (11,578 | ) | — | (43,121 | ) | ||||||||||||
Equity income (loss) in consolidated subsidiaries | (22,332 | ) | 121 | — | 22,211 | — | |||||||||||||||
NET INCOME (LOSS) | $ | (43,121 | ) | $ | (10,633 | ) | $ | (11,578 | ) | $ | 22,211 | $ | (43,121 | ) | |||||||
OTHER COMPREHENSIVE INCOME (LOSS), net of tax: | |||||||||||||||||||||
Unrealized gain (loss) on marketable securities, net of tax | (773 | ) | (847 | ) | — | 847 | (773 | ) | |||||||||||||
Reclassification adjustments for impairment of marketable securities | 572 | 572 | — | (572 | ) | 572 | |||||||||||||||
Reclassification adjustments for realized loss on sale of marketable securities | 17 | 17 | — | (17 | ) | 17 | |||||||||||||||
Other comprehensive income (loss) | (184 | ) | (258 | ) | — | 258 | (184 | ) | |||||||||||||
COMPREHENSIVE INCOME (LOSS) | $ | (43,305 | ) | $ | (10,891 | ) | $ | (11,578 | ) | $ | 22,469 | $ | (43,305 | ) | |||||||
(1) Excludes amortization. | |||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) | |||||||||||||||||||||
THREE MONTHS ENDED JUNE 30, 2013 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
Revenue | $ | — | $ | 65,754 | $ | 138,771 | $ | — | $ | 204,525 | |||||||||||
COSTS AND EXPENSES | |||||||||||||||||||||
Costs applicable to sales(1) | — | 52,669 | 89,717 | — | 142,386 | ||||||||||||||||
Amortization | 231 | 15,151 | 41,512 | — | 56,894 | ||||||||||||||||
General and administrative | 12,617 | 1,375 | 1,034 | — | 15,026 | ||||||||||||||||
Exploration | 314 | 1,398 | 5,062 | — | 6,774 | ||||||||||||||||
Litigation settlement | — | 32,046 | — | — | 32,046 | ||||||||||||||||
Pre-development, reclamation, and other | — | 1,135 | 682 | — | 1,817 | ||||||||||||||||
Total costs and expenses | 13,162 | 103,774 | 138,007 | — | 254,943 | ||||||||||||||||
OTHER INCOME (EXPENSE), NET | |||||||||||||||||||||
Fair value adjustments, net | (662 | ) | 6,350 | 61,066 | — | 66,754 | |||||||||||||||
Impairment of marketable securities | (17,192 | ) | — | — | — | (17,192 | ) | ||||||||||||||
Interest income and other, net | 1,309 | 241 | (247 | ) | (884 | ) | 419 | ||||||||||||||
Interest expense, net of capitalized interest | (6,623 | ) | (100 | ) | (5,091 | ) | 884 | (10,930 | ) | ||||||||||||
Total other income (expense), net | (23,168 | ) | 6,491 | 55,728 | — | 39,051 | |||||||||||||||
Loss before income and mining taxes | (36,330 | ) | (31,529 | ) | 56,492 | — | (11,367 | ) | |||||||||||||
Income and mining tax (expense) benefit | (824 | ) | (730 | ) | (22,119 | ) | — | (23,673 | ) | ||||||||||||
Total loss after income and mining taxes | (37,154 | ) | (32,259 | ) | 34,373 | — | (35,040 | ) | |||||||||||||
Equity income (loss) in consolidated subsidiaries | 2,114 | — | — | (2,114 | ) | — | |||||||||||||||
NET INCOME (LOSS) | $ | (35,040 | ) | $ | (32,259 | ) | $ | 34,373 | $ | (2,114 | ) | $ | (35,040 | ) | |||||||
OTHER COMPREHENSIVE INCOME (LOSS), net of tax: | |||||||||||||||||||||
Unrealized gain (loss) on marketable securities, net of tax | (7,491 | ) | — | — | — | (7,491 | ) | ||||||||||||||
Reclassification adjustments for impairment of marketable securities | 17,192 | — | — | — | 17,192 | ||||||||||||||||
Other comprehensive income (loss) | 9,701 | — | — | — | 9,701 | ||||||||||||||||
COMPREHENSIVE INCOME (LOSS) | $ | (25,339 | ) | $ | (32,259 | ) | $ | 34,373 | $ | (2,114 | ) | $ | (25,339 | ) | |||||||
(1) Excludes amortization. | |||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | |||||||||||||||||||||
THREE MONTHS ENDED JUNE 30, 2014 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||||||||||||||
Cash provided by (used in) operating activities | $ | (35,100 | ) | $ | 4,210 | $ | 39,169 | $ | 22,211 | 30,490 | |||||||||||
CASH FLOWS FROM INVESTING ACTIVITIES | — | — | — | ||||||||||||||||||
Capital expenditures | (106 | ) | (7,945 | ) | (7,305 | ) | — | (15,356 | ) | ||||||||||||
Purchase of short term investments and marketable securities | (2,106 | ) | (33 | ) | — | — | (2,139 | ) | |||||||||||||
Sales and maturities of short term investments | 217 | 583 | — | — | 800 | ||||||||||||||||
Acquisitions | — | (2,250 | ) | — | — | (2,250 | ) | ||||||||||||||
Other | — | 4 | 8 | — | 12 | ||||||||||||||||
Investments in consolidated subsidiaries | 65,832 | (121 | ) | — | (65,711 | ) | — | ||||||||||||||
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | 63,837 | (9,762 | ) | (7,297 | ) | (65,711 | ) | (18,933 | ) | ||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||||||||||||||
Payments on long-term debt, capital leases, and associated costs | (403 | ) | (2,131 | ) | (317 | ) | — | (2,851 | ) | ||||||||||||
Gold production royalty payments | — | — | (12,345 | ) | — | (12,345 | ) | ||||||||||||||
Net intercompany financing activity | (20,555 | ) | 7,828 | (30,773 | ) | 43,500 | — | ||||||||||||||
Other | (160 | ) | — | — | — | (160 | ) | ||||||||||||||
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | (21,118 | ) | 5,697 | (43,435 | ) | 43,500 | (15,356 | ) | |||||||||||||
NET CHANGE IN CASH AND CASH EQUIVALENTS | 7,619 | 145 | (11,563 | ) | — | (3,799 | ) | ||||||||||||||
Cash and cash equivalents at beginning of period | 204,045 | 754 | 68,133 | — | 272,932 | ||||||||||||||||
Cash and cash equivalents at end of period | $ | 211,664 | $ | 899 | $ | 56,570 | $ | — | $ | 269,133 | |||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | |||||||||||||||||||||
THREE MONTHS ENDED JUNE 30, 2013 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||||||||||||||
Cash provided by (used in) operating activities | $ | (4,114 | ) | $ | 3,768 | $ | 65,798 | $ | (2,114 | ) | $ | 63,338 | |||||||||
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||||||||||||||
Capital expenditures | (129 | ) | (14,003 | ) | (13,069 | ) | — | (27,201 | ) | ||||||||||||
Purchase of short term investments and marketable securities | — | (23 | ) | (660 | ) | — | (683 | ) | |||||||||||||
Sales and maturities of short term investments | 1,498 | 24 | — | — | 1,522 | ||||||||||||||||
Acquisitions | (101,648 | ) | — | — | — | (101,648 | ) | ||||||||||||||
Other | (18 | ) | 205 | 67 | — | 254 | |||||||||||||||
Investments in consolidated subsidiaries | (5,602 | ) | 3,488 | 2,114 | — | ||||||||||||||||
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | (105,899 | ) | (13,797 | ) | (10,174 | ) | 2,114 | (127,756 | ) | ||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||||||||||||||
Payments on long-term debt, capital leases, and associated costs | — | (715 | ) | (1,142 | ) | — | (1,857 | ) | |||||||||||||
Gold production royalty payments | — | — | (15,480 | ) | — | (15,480 | ) | ||||||||||||||
Net intercompany financing activity | (11,666 | ) | 11,183 | 483 | — | — | |||||||||||||||
Other | (25 | ) | — | — | — | (25 | ) | ||||||||||||||
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | (11,691 | ) | 10,468 | (16,139 | ) | — | (17,362 | ) | |||||||||||||
NET CHANGE IN CASH AND CASH EQUIVALENTS | (121,704 | ) | 439 | 39,485 | — | (81,780 | ) | ||||||||||||||
Cash and cash equivalents at beginning of period | 308,585 | 284 | 22,442 | — | 331,311 | ||||||||||||||||
Cash and cash equivalents at end of period | $ | 186,881 | $ | 723 | $ | 61,927 | $ | — | $ | 249,531 | |||||||||||
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) | |||||||||||||||||||||
SIX MONTHS ENDED JUNE 30, 2014 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
Revenue | $ | — | $ | 121,248 | $ | 202,947 | $ | — | $ | 324,195 | |||||||||||
COSTS AND EXPENSES | |||||||||||||||||||||
Costs applicable to sales(1) | — | 90,837 | 134,746 | — | 225,583 | ||||||||||||||||
Amortization | 825 | 32,080 | 48,944 | — | 81,849 | ||||||||||||||||
General and administrative | 22,768 | 3 | 523 | — | 23,294 | ||||||||||||||||
Exploration | 1,536 | 4,904 | 2,930 | — | 9,370 | ||||||||||||||||
Pre-development, reclamation, and other | 352 | 2,843 | 12,580 | — | 15,775 | ||||||||||||||||
Total costs and expenses | 25,481 | 130,667 | 199,723 | — | 355,871 | ||||||||||||||||
Fair value adjustments, net | (1,982 | ) | (2,510 | ) | (15,225 | ) | — | (19,717 | ) | ||||||||||||
Impairment of marketable securities | — | (3,522 | ) | — | — | (3,522 | ) | ||||||||||||||
Interest income and other, net | 1,915 | 58 | (2,720 | ) | (1,353 | ) | (2,100 | ) | |||||||||||||
Interest expense, net of capitalized interest | (19,398 | ) | (340 | ) | (6,980 | ) | 1,353 | (25,365 | ) | ||||||||||||
Total other income (expense), net | (19,465 | ) | (6,314 | ) | (24,925 | ) | — | (50,704 | ) | ||||||||||||
Loss before income and mining taxes | (44,946 | ) | (15,733 | ) | (21,701 | ) | — | (82,380 | ) | ||||||||||||
Income and mining tax (expense) benefit | 127 | (419 | ) | 2,360 | — | 2,068 | |||||||||||||||
Total loss after income and mining taxes | (44,819 | ) | (16,152 | ) | (19,341 | ) | — | (80,312 | ) | ||||||||||||
Equity income (loss) in consolidated subsidiaries | (35,493 | ) | 299 | — | 35,194 | — | |||||||||||||||
NET INCOME (LOSS) | $ | (80,312 | ) | $ | (15,853 | ) | $ | (19,341 | ) | $ | 35,194 | $ | (80,312 | ) | |||||||
OTHER COMPREHENSIVE INCOME (LOSS), net of tax: | |||||||||||||||||||||
Unrealized gain (loss) on marketable securities, net of tax | (401 | ) | (380 | ) | — | 380 | (401 | ) | |||||||||||||
Reclassification adjustments for impairment of marketable securities | 2,159 | 2,159 | — | (2,159 | ) | 2,159 | |||||||||||||||
Reclassification adjustments for realized loss on sale of marketable securities | 17 | 17 | — | (17 | ) | 17 | |||||||||||||||
Other comprehensive income (loss) | 1,775 | 1,796 | — | (1,796 | ) | 1,775 | |||||||||||||||
COMPREHENSIVE INCOME (LOSS) | $ | (78,537 | ) | $ | (14,057 | ) | $ | (19,341 | ) | $ | 33,398 | $ | (78,537 | ) | |||||||
(1) Excludes amortization. | |||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) | |||||||||||||||||||||
SIX MONTHS ENDED JUNE 30, 2013 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
Revenue | $ | — | $ | 144,502 | $ | 231,820 | $ | — | $ | 376,322 | |||||||||||
COSTS AND EXPENSES | |||||||||||||||||||||
Costs applicable to sales(1) | — | 97,010 | 133,434 | — | 230,444 | ||||||||||||||||
Amortization | 450 | 30,295 | 75,844 | — | 106,589 | ||||||||||||||||
General and administrative | 22,354 | 1,542 | 1,357 | — | 25,253 | ||||||||||||||||
Exploration | 663 | 2,862 | 10,090 | — | 13,615 | ||||||||||||||||
Litigation settlement | — | 32,046 | — | — | 32,046 | ||||||||||||||||
Pre-development, reclamation, and other | — | 1,563 | 5,600 | — | 7,163 | ||||||||||||||||
Total costs and expenses | 23,467 | 165,318 | 226,325 | — | 415,110 | ||||||||||||||||
OTHER INCOME (EXPENSE), NET | . | ||||||||||||||||||||
Fair value adjustments, net | (1,522 | ) | 10,577 | 75,495 | — | 84,550 | |||||||||||||||
Impairment of marketable securities | (17,227 | ) | — | — | — | (17,227 | ) | ||||||||||||||
Interest income and other, net | 2,208 | 475 | 3,316 | (1,724 | ) | 4,275 | |||||||||||||||
Interest expense, net of capitalized interest | (12,320 | ) | (364 | ) | (9,702 | ) | 1,724 | (20,662 | ) | ||||||||||||
Total other income (expense), net | (28,861 | ) | 10,688 | 69,109 | — | 50,936 | |||||||||||||||
Loss before income and mining taxes | (52,328 | ) | (10,128 | ) | 74,604 | — | 12,148 | ||||||||||||||
Income and mining tax (expense) benefit | (3,310 | ) | (1,510 | ) | (30,098 | ) | — | (34,918 | ) | ||||||||||||
Total loss after income and mining taxes | (55,638 | ) | (11,638 | ) | 44,506 | — | (22,770 | ) | |||||||||||||
Equity income (loss) in consolidated subsidiaries | 32,868 | — | — | (32,868 | ) | — | |||||||||||||||
NET INCOME (LOSS) | $ | (22,770 | ) | $ | (11,638 | ) | $ | 44,506 | $ | (32,868 | ) | $ | (22,770 | ) | |||||||
OTHER COMPREHENSIVE INCOME (LOSS), net of tax: | |||||||||||||||||||||
Unrealized gain (loss) on marketable securities, net of tax | (11,057 | ) | — | — | — | (11,057 | ) | ||||||||||||||
Reclassification adjustments for impairment of marketable securities | 17,227 | — | — | — | 17,227 | ||||||||||||||||
Other comprehensive income (loss) | 6,170 | — | — | — | 6,170 | ||||||||||||||||
COMPREHENSIVE INCOME (LOSS) | $ | (16,600 | ) | $ | (11,638 | ) | $ | 44,506 | $ | (32,868 | ) | $ | (16,600 | ) | |||||||
(1) Excludes amortization. | |||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | |||||||||||||||||||||
SIX MONTHS ENDED JUNE 30, 2014 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||||||||||||||
Cash provided by (used in) operating activities | $ | (72,723 | ) | $ | 9,142 | $ | 49,251 | $ | 35,194 | 20,864 | |||||||||||
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||||||||||||||
Capital expenditures | (1,051 | ) | (13,615 | ) | (12,626 | ) | — | (27,292 | ) | ||||||||||||
Purchase of short term investments and marketable securities | (47,903 | ) | (457 | ) | — | — | (48,360 | ) | |||||||||||||
Sales and maturities of short term investments | 307 | 583 | — | — | 890 | ||||||||||||||||
Acquisitions | — | (2,250 | ) | — | — | (2,250 | ) | ||||||||||||||
Other | — | 4 | (17 | ) | — | (13 | ) | ||||||||||||||
Investments in consolidated subsidiaries | 78,993 | (299 | ) | — | (78,694 | ) | — | ||||||||||||||
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | 30,346 | (16,034 | ) | (12,643 | ) | (78,694 | ) | (77,025 | ) | ||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||||||||||||||
Issuance of notes and bank borrowings | 153,000 | — | — | — | 153,000 | ||||||||||||||||
Payments on long-term debt, capital leases, and associated costs | (3,599 | ) | (2,543 | ) | (820 | ) | — | (6,962 | ) | ||||||||||||
Gold production royalty payments | — | — | (27,028 | ) | — | (27,028 | ) | ||||||||||||||
Net intercompany financing activity | (32,030 | ) | 9,343 | (20,813 | ) | 43,500 | — | ||||||||||||||
Other | (406 | ) | — | — | — | (406 | ) | ||||||||||||||
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | 116,965 | 6,800 | (48,661 | ) | 43,500 | 118,604 | |||||||||||||||
NET CHANGE IN CASH AND CASH EQUIVALENTS | 74,588 | (92 | ) | (12,053 | ) | — | 62,443 | ||||||||||||||
Cash and cash equivalents at beginning of period | 137,076 | 991 | 68,623 | — | 206,690 | ||||||||||||||||
Cash and cash equivalents at end of period | $ | 211,664 | $ | 899 | $ | 56,570 | $ | — | $ | 269,133 | |||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | |||||||||||||||||||||
SIX MONTHS ENDED JUNE 30, 2013 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||||||||||||||
Cash provided by (used in) operating activities | $ | 18,860 | $ | 20,659 | $ | 69,621 | $ | (32,868 | ) | $ | 76,272 | ||||||||||
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||||||||||||||
Capital expenditures | (557 | ) | (20,629 | ) | (18,842 | ) | — | (40,028 | ) | ||||||||||||
Purchase of short term investments and marketable securities | (1,598 | ) | (39 | ) | (3,695 | ) | — | (5,332 | ) | ||||||||||||
Sales and maturities of short term investments | 2,873 | 38 | 3,433 | — | 6,344 | ||||||||||||||||
Acquisitions | (113,214 | ) | — | — | — | (113,214 | ) | ||||||||||||||
Other | (6 | ) | 443 | 772 | — | 1,209 | |||||||||||||||
Investments in consolidated subsidiaries | (36,355 | ) | — | 3,487 | 32,868 | — | |||||||||||||||
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | (148,857 | ) | (20,187 | ) | (14,845 | ) | 32,868 | (151,021 | ) | ||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||||||||||||||
Issuance of notes and bank borrowings | 300,000 | — | — | — | 300,000 | ||||||||||||||||
Payments on long-term debt, capital leases, and associated costs | (52,565 | ) | (1,955 | ) | (2,677 | ) | — | (57,197 | ) | ||||||||||||
Gold production royalty payments | — | — | (30,929 | ) | — | (30,929 | ) | ||||||||||||||
Share repurchases | (12,557 | ) | — | — | — | (12,557 | ) | ||||||||||||||
Net intercompany financing activity | (4,311 | ) | 1,806 | 2,505 | — | — | |||||||||||||||
Other | (477 | ) | — | — | — | (477 | ) | ||||||||||||||
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | 230,090 | (149 | ) | (31,101 | ) | — | 198,840 | ||||||||||||||
NET CHANGE IN CASH AND CASH EQUIVALENTS | 100,093 | 323 | 23,675 | — | 124,091 | ||||||||||||||||
Cash and cash equivalents at beginning of period | 86,788 | 400 | 38,252 | — | 125,440 | ||||||||||||||||
Cash and cash equivalents at end of period | $ | 186,881 | $ | 723 | $ | 61,927 | $ | — | $ | 249,531 | |||||||||||
CONDENSED CONSOLIDATING BALANCE SHEET | |||||||||||||||||||||
JUNE 30, 2014 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
ASSETS | |||||||||||||||||||||
CURRENT ASSETS | |||||||||||||||||||||
Cash and cash equivalents | $ | 211,664 | $ | 899 | $ | 56,570 | $ | — | $ | 269,133 | |||||||||||
Investments | 47,642 | — | 47,642 | ||||||||||||||||||
Receivables | 83 | 10,420 | 58,190 | — | 68,693 | ||||||||||||||||
Ore on leach pads | — | 44,964 | — | — | 44,964 | ||||||||||||||||
Inventory | — | 47,331 | 90,313 | — | 137,644 | ||||||||||||||||
Deferred tax assets | — | — | 35,079 | — | 35,079 | ||||||||||||||||
Prepaid expenses and other | 2,573 | 8,546 | 12,474 | — | 23,593 | ||||||||||||||||
261,962 | 112,160 | 252,626 | — | 626,748 | |||||||||||||||||
NON-CURRENT ASSETS | |||||||||||||||||||||
Property, plant and equipment, net | 6,234 | 153,551 | 323,002 | — | 482,787 | ||||||||||||||||
Mining properties, net | — | 235,216 | 1,493,451 | — | 1,728,667 | ||||||||||||||||
Ore on leach pads | — | 46,956 | — | — | 46,956 | ||||||||||||||||
Restricted assets | 830 | 50 | 6,630 | — | 7,510 | ||||||||||||||||
Marketable securities | — | 13,761 | — | — | 13,761 | ||||||||||||||||
Receivables | — | — | 38,424 | — | 38,424 | ||||||||||||||||
Debt issuance costs, net | 11,031 | — | — | — | 11,031 | ||||||||||||||||
Deferred tax assets | 955 | (147 | ) | — | 808 | ||||||||||||||||
Net investment in subsidiaries | 1,165,274 | 24,277 | 1,601,038 | (2,790,589 | ) | — | |||||||||||||||
Other | 55,212 | 31,601 | 324,941 | (400,924 | ) | 10,830 | |||||||||||||||
TOTAL ASSETS | $ | 1,501,498 | $ | 617,572 | $ | 4,039,965 | $ | (3,191,513 | ) | $ | 2,967,522 | ||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||||||||||
CURRENT LIABILITIES | |||||||||||||||||||||
Accounts payable | $ | 2,209 | $ | 16,456 | $ | 30,986 | $ | — | $ | 49,651 | |||||||||||
Accrued liabilities and other | 19,768 | 7,370 | 14,577 | (1,083 | ) | 40,632 | |||||||||||||||
Debt | 5,334 | 5,637 | 334,873 | (334,279 | ) | 11,565 | |||||||||||||||
Royalty obligations | — | 4,716 | 46,371 | — | 51,087 | ||||||||||||||||
Reclamation | — | — | 633 | 119 | 752 | ||||||||||||||||
Deferred tax liabilities | — | 847 | 1,011 | — | 1,858 | ||||||||||||||||
27,311 | 35,026 | 428,451 | (335,243 | ) | 155,545 | ||||||||||||||||
NON-CURRENT LIABILITIES | |||||||||||||||||||||
Debt | 452,855 | 15,345 | 65,932 | (65,562 | ) | 468,570 | |||||||||||||||
Royalty obligations | — | 18,941 | 39,564 | — | 58,505 | ||||||||||||||||
Reclamation | — | 47,467 | 12,409 | (119 | ) | 59,757 | |||||||||||||||
Deferred tax liabilities | 31,595 | 1,618 | 507,019 | — | 540,232 | ||||||||||||||||
Other long-term liabilities | 2,901 | 518 | 24,861 | — | 28,280 | ||||||||||||||||
Intercompany payable (receivable) | (669,797 | ) | 437,030 | 232,767 | — | — | |||||||||||||||
(182,446 | ) | 520,919 | 882,552 | (65,681 | ) | 1,155,344 | |||||||||||||||
STOCKHOLDERS’ EQUITY | |||||||||||||||||||||
Common stock | 1,034 | 250 | 123,167 | (123,417 | ) | 1,034 | |||||||||||||||
Additional paid-in capital | 2,785,761 | 79,712 | 3,258,037 | (3,337,749 | ) | 2,785,761 | |||||||||||||||
Accumulated deficit | (1,127,031 | ) | (15,226 | ) | (652,242 | ) | 667,468 | (1,127,031 | ) | ||||||||||||
Accumulated other comprehensive income (loss) | (3,131 | ) | (3,109 | ) | — | 3,109 | (3,131 | ) | |||||||||||||
1,656,633 | 61,627 | 2,728,962 | (2,790,589 | ) | 1,656,633 | ||||||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 1,501,498 | $ | 617,572 | $ | 4,039,965 | $ | (3,191,513 | ) | $ | 2,967,522 | ||||||||||
CONDENSED CONSOLIDATING BALANCE SHEET | |||||||||||||||||||||
DECEMBER 31, 2013 | |||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||
ASSETS | |||||||||||||||||||||
CURRENT ASSETS | |||||||||||||||||||||
Cash and cash equivalents | $ | 137,076 | $ | 991 | $ | 68,623 | $ | — | $ | 206,690 | |||||||||||
Investments | — | — | — | — | — | ||||||||||||||||
Receivables | 530 | 19,982 | 60,562 | — | 81,074 | ||||||||||||||||
Ore on leach pads | — | 50,495 | — | — | 50,495 | ||||||||||||||||
Inventory | — | 35,290 | 96,733 | — | 132,023 | ||||||||||||||||
Deferred tax assets | — | — | 35,008 | — | 35,008 | ||||||||||||||||
Prepaid expenses and other | 4,128 | 5,282 | 16,530 | — | 25,940 | ||||||||||||||||
141,734 | 112,040 | 277,456 | — | 531,230 | |||||||||||||||||
NON-CURRENT ASSETS | |||||||||||||||||||||
Property, plant and equipment, net | 5,980 | 143,118 | 337,175 | — | 486,273 | ||||||||||||||||
Mining properties, net | — | 235,537 | 1,515,964 | — | 1,751,501 | ||||||||||||||||
Ore on leach pads | — | 31,528 | — | — | 31,528 | ||||||||||||||||
Restricted assets | 830 | 50 | 6,134 | — | 7,014 | ||||||||||||||||
Marketable securities | — | 14,521 | — | — | 14,521 | ||||||||||||||||
Receivables | — | — | 36,574 | — | 36,574 | ||||||||||||||||
Debt issuance costs, net | 10,812 | — | — | — | 10,812 | ||||||||||||||||
Deferred tax assets | 955 | — | 234 | — | 1,189 | ||||||||||||||||
Net investment in subsidiaries | 1,242,480 | 46,215 | 1,578,799 | (2,867,494 | ) | — | |||||||||||||||
Other | 53,858 | 14,616 | 320,425 | (373,563 | ) | 15,336 | |||||||||||||||
TOTAL ASSETS | $ | 1,456,649 | $ | 597,625 | $ | 4,072,761 | $ | (3,241,057 | ) | $ | 2,885,978 | ||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||||||||||
CURRENT LIABILITIES | |||||||||||||||||||||
Accounts payable | $ | 1,963 | $ | 15,864 | $ | 36,020 | $ | — | $ | 53,847 | |||||||||||
Accrued liabilities and other | 16,693 | 8,016 | 14,611 | (1,054 | ) | 38,266 | |||||||||||||||
Debt | — | 1,262 | 309,472 | (308,229 | ) | 2,505 | |||||||||||||||
Royalty obligations | — | 3,934 | 44,085 | — | 48,019 | ||||||||||||||||
Reclamation | — | — | 794 | 119 | 913 | ||||||||||||||||
Deferred tax liabilities | — | — | 1,011 | — | 1,011 | ||||||||||||||||
18,656 | 29,076 | 405,993 | (309,164 | ) | 144,561 | ||||||||||||||||
NON-CURRENT LIABILITIES | |||||||||||||||||||||
Debt | 305,335 | 255 | 64,820 | (64,280 | ) | 306,130 | |||||||||||||||
Royalty obligations | — | 17,696 | 47,446 | — | 65,142 | ||||||||||||||||
Reclamation | — | 45,894 | 11,740 | (119 | ) | 57,515 | |||||||||||||||
Deferred tax liabilities | 37,095 | 1,618 | 517,533 | — | 556,246 | ||||||||||||||||
Other long-term liabilities | 2,467 | 544 | 22,806 | — | 25,817 | ||||||||||||||||
Intercompany payable (receivable) | (637,471 | ) | 427,085 | 210,386 | — | — | |||||||||||||||
(292,574 | ) | 493,092 | 874,731 | (64,399 | ) | 1,010,850 | |||||||||||||||
STOCKHOLDERS’ EQUITY | |||||||||||||||||||||
Common stock | 1,028 | 250 | 122,666 | (122,916 | ) | 1,028 | |||||||||||||||
Additional paid-in capital | 2,781,164 | 79,712 | 3,258,037 | (3,337,749 | ) | 2,781,164 | |||||||||||||||
Accumulated deficit | (1,046,719 | ) | 401 | (588,666 | ) | 588,265 | (1,046,719 | ) | |||||||||||||
Accumulated other comprehensive income (loss) | (4,906 | ) | (4,906 | ) | — | 4,906 | (4,906 | ) | |||||||||||||
1,730,567 | 75,457 | 2,792,037 | (2,867,494 | ) | 1,730,567 | ||||||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 1,456,649 | $ | 597,625 | $ | 4,072,761 | $ | (3,241,057 | ) | $ | 2,885,978 | ||||||||||
Commitments_and_Contingencies
Commitments and Contingencies | 6 Months Ended |
Jun. 30, 2014 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
COMMITMENTS AND CONTINGENCIES | ' |
COMMITMENTS AND CONTINGENCIES | |
Labor Union Contracts | |
The Company maintains a labor agreement in South America with Sindicato de Trabajadores Mineros de la Empresa Manquiri S.A. at the San Bartolomé mine in Bolivia. The San Bartolomé mine labor agreement, which became effective January 28, 2010, is currently active and does not have a fixed term. At June 30, 2014, approximately 10% of the Company’s worldwide labor force was covered by collective bargaining agreements. The Company cannot predict whether this agreement will be renewed on similar terms or at all, whether future labor disruptions will occur or, if disruptions do occur, how long they will last. | |
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 as the purchase price and construction and development costs have not been recouped. | |
Rochester Production Royalties | |
The Company acquired the Rochester property from ASARCO, a subsidiary of Grupo Mexico S.A. de C.V., 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% with the condition that Rochester achieves positive cash flow for the applicable year. If cash flow at Rochester is negative in any calendar year, the maximum royalty payable is $250,000. Royalty expense was nil due to silver prices below $23.60 per ounce for the three and six months ended June 30, 2014, and nil and $1.0 million for the three and six months ended June 30, 2013. | |
Commencing January 1, 2014, Coeur Rochester is obligated to pay a 3.4% net smelter returns royalty on up to 39.4 million silver equivalent ounces produced and sold from a portion of the Rochester mine, payable on a quarterly basis. For each calendar quarter, the royalty will be payable on the actual sales prices received (exclusive of gains or losses associated with trading activities), less refining costs, of gold and silver produced and sold from the applicable portions of the Rochester mine. Changes in the Company's mine plan and silver and gold prices will result in the recognition of mark-to-market gains or losses in Fair value adjustments, net. | |
Palmarejo Gold Production Royalty | |
On January 21, 2009, Coeur Mexicana entered into a gold production royalty transaction with Franco-Nevada Mexico under which Franco-Nevada Mexico 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. Please see Note 10 -- Derivative Financial Instruments for further discussion on the royalty obligation. On June 23, 2014, the Company announced that it had entered into letters of intent with each of Franco-Nevada Mexico and Franco-Nevada (Barbados) Corp. ("Franco-Nevada Barbados"), providing for termination of the existing royalty stream agreement with Franco-Nevada Mexico effective upon the satisfaction of the minimum payment obligation thereunder, and the entry into a new gold stream agreement with Franco-Nevada Barbados. The Company expects to enter into definitive agreements governing the transactions contemplated by the letters of intent in the third quarter of 2014. | |
Sites Related to Callahan Mining Corporation | |
In 1991, the Company acquired all of the outstanding common stock of Callahan Mining Corporation. 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 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 at these sites. The Company anticipates that further agency interaction may be possible with respect to these sites. | |
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 of land and was mined from 1926 until 1993 by multiple owners. Callahan sold its parcel in 1990. In February 2010, the State of Washington Department of Ecology notified Callahan 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 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, seeking contribution for the $3.5 million settlement. Callahan filed a response and defense to the lawsuit on December 11, 2012 and does not believe it has any liability to Asarco. 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. The Court set a trial date for September 22, 2014; however, on June 3, 2014, the Court granted a joint motion to stay proceedings pending finalization of settlement arrangements between Asarco and Callahan. | |
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. In November 2013, the USFS made a formal request for additional information to the Company regarding the site, to which the Company responded on January 21, 2014. | |
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. Mining in other areas above the 4,400 meter level continues to be suspended. | |
The suspension may reduce production until the Company is able to resume mining above 4,400 meters. It is uncertain at this time how long the suspension will remain in place. If COMIBOL decides to restrict access above the 4,400 meter level on a permanent basis, 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 was the subject of an administrative appeal filed by Great Basin Resource Watch (“GBRW”) with the Interior Board of Land Appeals (“IBLA”). This appeal challenged 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 asserted 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 alleged 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 proceeded as approved during the course of the administrative appeal. Coeur was granted intervenor status in the appeal and actively participated in its resolution. The BLM and Coeur asserted 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 that further supported and strengthened BLM and Coeur's positions that the EA complies with NEPA. On June 30, 2014, the IBLA affirmed the BLM's decision to approve the plan of operations amendment. | |
Settlement of Unpatented Mining Claims Dispute at Rochester in Nevada | |
In the second quarter of 2013, Coeur Rochester settled all claims associated with a dispute involving ownership of unpatented mining claims surrounding the Coeur Rochester operation and, in connection therewith, agreed to make a one-time $10.0 million cash payment and granted the 3.4% net smelter returns royalty described above under "Rochester Production Royalties." The above settlement resulted in a $32.0 million charge in the second quarter of 2013. |
Segment_Reporting_Tables
Segment Reporting (Tables) | 6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Jun. 30, 2014 | Jun. 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial information relating to the reporting segments | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Six months ended June 30, 2014 | Palmarejo | San Bartolomé | Kensington | Rochester | La Preciosa | Coeur Capital | Other | Total | Six months ended June 30, 2013 | Palmarejo | San Bartolomé | Kensington | Rochester | La Preciosa | Coeur Capital | Other | Total | |||||||||||||||||||||||||||||||||||||||||||||||
Mine | Mine | Mine | Mine | Mine | Mine | Mine | Mine | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue | Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Metal sales | $ | 140,434 | $ | 56,632 | $ | 65,079 | $ | 55,347 | $ | — | $ | 4,860 | $ | — | $ | 322,352 | Metal sales | $ | 143,643 | $ | 82,377 | $ | 70,126 | $ | 74,377 | $ | — | $ | 6,461 | $ | (662 | ) | $ | 376,322 | ||||||||||||||||||||||||||||||
Royalties | — | — | — | — | — | 1,843 | — | 1,843 | Royalties | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
140,434 | 56,632 | 65,079 | 55,347 | — | 6,703 | — | 324,195 | 143,643 | 82,377 | 70,126 | 74,377 | — | 6,461 | (662 | ) | 376,322 | ||||||||||||||||||||||||||||||||||||||||||||||||
Costs and Expenses | Costs and Expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Costs applicable to sales(1) | 93,126 | 39,595 | 51,749 | 39,089 | — | 2,024 | — | 225,583 | Costs applicable to sales(1) | 81,937 | 48,494 | 53,718 | 43,293 | — | 3,002 | — | 230,444 | |||||||||||||||||||||||||||||||||||||||||||||||
Amortization | 36,702 | 9,313 | 22,275 | 9,476 | 41 | 3,121 | 921 | 81,849 | Amortization | 64,166 | 9,464 | 26,445 | 3,842 | 2 | 2,052 | 618 | 106,589 | |||||||||||||||||||||||||||||||||||||||||||||||
Exploration | 2,642 | 82 | 2,680 | 1,912 | 210 | 312 | 1,532 | 9,370 | Exploration | 5,170 | 79 | 1,235 | 996 | 690 | 630 | 4,815 | 13,615 | |||||||||||||||||||||||||||||||||||||||||||||||
Other operating expenses | 622 | 335 | 390 | 2,189 | 10,668 | 504 | 24,361 | 39,069 | Litigation | — | — | — | 32,046 | — | — | — | 32,046 | |||||||||||||||||||||||||||||||||||||||||||||||
Other income (expense) | Other operating expenses | 341 | 3,954 | 412 | 2,938 | — | (245 | ) | 25,016 | 32,416 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest income and other, net | (2,772 | ) | 1,373 | 4 | 51 | (17 | ) | (3,512 | ) | (749 | ) | (5,622 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||
Other income (expense) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest expense, net | (5,595 | ) | (31 | ) | (75 | ) | (266 | ) | — | — | (19,398 | ) | (25,365 | ) | Interest income and other, net | 1,514 | 1,288 | 281 | 57 | (11 | ) | 138 | (16,219 | ) | (12,952 | ) | ||||||||||||||||||||||||||||||||||||||
Fair value adjustments, net | (15,225 | ) | — | — | (2,510 | ) | — | — | (1,982 | ) | (19,717 | ) | Interest expense, net | (7,928 | ) | (46 | ) | (354 | ) | (11 | ) | — | — | (12,323 | ) | (20,662 | ) | |||||||||||||||||||||||||||||||||||||
Income and mining tax (expense) benefit | 5,171 | (4,969 | ) | — | (419 | ) | (1,271 | ) | (25 | ) | 3,581 | 2,068 | Fair value adjustments, net | 75,494 | — | 10,577 | — | — | — | (1,521 | ) | 84,550 | ||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | $ | (11,079 | ) | $ | 3,680 | $ | (12,086 | ) | $ | (463 | ) | $ | (12,207 | ) | $ | (2,795 | ) | $ | (45,362 | ) | $ | (80,312 | ) | Income and mining tax (expense) benefit | (20,816 | ) | (8,834 | ) | (1 | ) | (1,264 | ) | — | (245 | ) | (3,758 | ) | (34,918 | ) | |||||||||||||||||||||||||
Segment assets(2) | $ | 1,133,851 | $ | 309,565 | $ | 331,151 | $ | 206,665 | $ | 412,226 | $ | 67,864 | $ | 110,406 | $ | 2,571,728 | Net income (loss) | $ | 40,293 | $ | 12,794 | $ | (1,181 | ) | $ | (9,956 | ) | $ | (703 | ) | $ | 915 | $ | (64,932 | ) | $ | (22,770 | ) | ||||||||||||||||||||||||||
Capital expenditures | $ | 9,331 | $ | 3,152 | $ | 8,700 | $ | 4,915 | $ | 141 | $ | — | $ | 1,053 | $ | 27,292 | Segment assets(2) | $ | 1,860,240 | $ | 286,325 | $ | 485,215 | $ | 122,917 | $ | 409,458 | $ | 31,493 | $ | 108,954 | $ | 3,304,602 | |||||||||||||||||||||||||||||||
(1) Excludes amortization | Capital expenditures | $ | 14,480 | $ | 3,616 | $ | 10,736 | $ | 9,894 | $ | 735 | $ | — | $ | 567 | $ | 40,028 | |||||||||||||||||||||||||||||||||||||||||||||||
(2) Segment assets consist of receivables, prepaids, inventories, property, plant and equipment, and mineral interests | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial information relating to the Company’s segments is as follows (in thousands): | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three months ended June 30, 2013 | Palmarejo | San Bartolomé | Kensington | Rochester | La Preciosa | Coeur Capital | Other | Total | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three months ended June 30, 2014 | Palmarejo | San Bartolomé | Kensington | Rochester | La Preciosa | Coeur Capital | Other | Total | Mine | Mine | Mine | Mine | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Mine | Mine | Mine | Mine | Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue | Metal sales | $ | 86,217 | $ | 49,236 | $ | 30,851 | $ | 34,903 | $ | — | $ | 3,479 | $ | (161 | ) | $ | 204,525 | ||||||||||||||||||||||||||||||||||||||||||||||
Metal sales | $ | 72,446 | $ | 29,078 | $ | 29,018 | $ | 31,193 | $ | — | $ | 1,971 | $ | — | $ | 163,706 | ||||||||||||||||||||||||||||||||||||||||||||||||
Royalties | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Royalties | — | — | — | — | — | 856 | — | 856 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
$ | 86,217 | $ | 49,236 | $ | 30,851 | $ | 34,903 | $ | — | $ | 3,479 | $ | (161 | ) | $ | 204,525 | ||||||||||||||||||||||||||||||||||||||||||||||||
72,446 | 29,078 | 29,018 | 31,193 | — | 2,827 | — | 164,562 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Costs and Expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Costs and Expenses | Costs applicable to sales(1) | 55,218 | 32,815 | 30,154 | 22,516 | — | 1,683 | — | 142,386 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Costs applicable to sales(1) | 49,551 | 20,695 | 23,218 | 24,381 | — | 842 | — | 118,687 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortization | 35,384 | 4,824 | 13,159 | 1,989 | 2 | 1,224 | 312 | 56,894 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortization | 18,044 | 4,855 | 11,566 | 5,025 | 22 | 1,419 | 491 | 41,422 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exploration | 3,189 | 27 | 563 | 512 | 690 | 322 | 1,471 | 6,774 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exploration | 1,637 | 57 | 1,636 | 738 | 26 | 109 | 950 | 5,153 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Litigation settlement | — | — | — | 32,046 | — | — | — | 32,046 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other operating expenses | 325 | 194 | 199 | 844 | 5,711 | 263 | 10,622 | 18,158 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other operating expenses | 173 | 117 | 236 | 2,466 | — | (191 | ) | 14,042 | 16,843 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other income (expense) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest income and other, net | (1,202 | ) | 691 | 4 | 32 | 118 | (964 | ) | 271 | (1,050 | ) | Other income (expense) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest income and other, net | (428 | ) | 683 | 150 | — | (11 | ) | 91 | (17,258 | ) | (16,773 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest expense, net | (2,771 | ) | (11 | ) | (53 | ) | (261 | ) | — | — | (9,214 | ) | (12,310 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Interest expense, net | (4,190 | ) | (14 | ) | (95 | ) | (5 | ) | — | — | (6,626 | ) | (10,930 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value adjustments, net | (4,989 | ) | — | — | (1,837 | ) | — | — | (1,456 | ) | (8,282 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value adjustments, net | 61,066 | — | 6,350 | — | — | — | (662 | ) | 66,754 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income and mining tax (expense) benefit | 1,342 | (2,204 | ) | — | (419 | ) | (1,159 | ) | 263 | (444 | ) | (2,621 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||
Income and mining tax (expense) benefit | (17,282 | ) | (4,506 | ) | — | (538 | ) | — | (191 | ) | (1,156 | ) | (23,673 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | $ | (4,731 | ) | $ | 1,753 | $ | (7,650 | ) | $ | (2,280 | ) | $ | (6,800 | ) | $ | (507 | ) | $ | (22,906 | ) | $ | (43,121 | ) | |||||||||||||||||||||||||||||||||||||||||
Net income (loss) | $ | 31,419 | $ | 7,616 | $ | (6,856 | ) | $ | (25,169 | ) | $ | (703 | ) | $ | 341 | $ | (41,688 | ) | $ | (35,040 | ) | |||||||||||||||||||||||||||||||||||||||||||
Segment assets(2) | $ | 1,133,851 | $ | 309,565 | $ | 331,151 | $ | 206,665 | $ | 412,226 | $ | 67,864 | $ | 110,406 | $ | 2,571,728 | ||||||||||||||||||||||||||||||||||||||||||||||||
Segment assets(2) | $ | 1,860,240 | $ | 286,325 | $ | 485,215 | $ | 122,917 | $ | 409,458 | $ | 31,493 | $ | 108,954 | $ | 3,304,602 | ||||||||||||||||||||||||||||||||||||||||||||||||
Capital expenditures | $ | 5,589 | $ | 1,711 | $ | 3,989 | $ | 3,956 | $ | 3 | $ | — | $ | 108 | $ | 15,356 | ||||||||||||||||||||||||||||||||||||||||||||||||
Capital expenditures | $ | 9,166 | $ | 3,159 | $ | 7,406 | $ | 6,596 | $ | 735 | $ | — | $ | 139 | $ | 27,201 | ||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated Assets | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in thousands) | June 30, 2014 | December 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets for reportable segments | $ | 2,571,728 | $ | 2,595,408 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents | 269,133 | 206,690 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Short term investments | 47,642 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other assets | 79,019 | 83,880 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total consolidated assets | $ | 2,967,522 | $ | 2,885,978 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long Lived Assets by Country | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Geographic Information | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in thousands) | June 30, 2014 | December 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long Lived Assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
United States | $ | 387,617 | $ | 384,626 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Australia | 23,858 | 25,668 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Argentina | 94,495 | 94,705 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bolivia | 228,606 | 235,085 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mexico | 1,461,228 | 1,487,228 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Foreign Countries | 15,650 | 10,462 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 2,211,454 | $ | 2,237,774 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue by Country | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three months ended June 30, | Six months ended June 30, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in thousands) | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
United States | $ | 60,212 | $ | 65,754 | $ | 120,427 | $ | 144,502 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mexico | 72,657 | 86,217 | 141,167 | 143,643 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bolivia | 29,078 | 49,236 | 56,632 | 82,377 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Australia | 1,971 | 3,479 | 4,860 | 6,462 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other | 644 | (161 | ) | $ | 1,109 | $ | (662 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 164,562 | $ | 204,525 | $ | 324,195 | $ | 376,322 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reclamation_Tables
Reclamation (Tables) | 6 Months Ended | |||||||||||||||
Jun. 30, 2014 | ||||||||||||||||
Asset Retirement Obligation Disclosure [Abstract] | ' | |||||||||||||||
Asset Retirement Obligation | ' | |||||||||||||||
Changes to the Company’s asset retirement obligations are as follows (in thousands): | ||||||||||||||||
Three months ended June 30, | Six months ended June 30, | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
Asset retirement obligation - Beginning | $ | 58,460 | $ | 35,197 | $ | 57,454 | $ | 34,457 | ||||||||
Accretion | 1,435 | 758 | 2,752 | 1,500 | ||||||||||||
Settlements | (100 | ) | (377 | ) | (411 | ) | (379 | ) | ||||||||
Asset retirement obligation - Ending | $ | 59,795 | $ | 35,578 | $ | 59,795 | $ | 35,578 | ||||||||
StockBased_Compensation_Tables
Stock-Based Compensation (Tables) | 6 Months Ended | |||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||||||||||||||
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity | ' | |||||||||||||||||||||
The following table summarizes the grants awarded during the six months ended June 30, 2014: | ||||||||||||||||||||||
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 | |||||||||||||||||||||
17-Jan-14 | 243,351 | $ | 11.12 | 32,417 | $ | 4.39 | 345,833 | $ | 12.65 | |||||||||||||
26-Mar-14 | 435,208 | $ | 9.31 | 382,755 | $ | 3.74 | — | $ | — | |||||||||||||
Schedule of Share-based Compensation, Stock Options and Stock Appreciation Rights Award Activity | ' | |||||||||||||||||||||
The following options and stock appreciation rights were exercised during the six months ended June 30, 2014: | ||||||||||||||||||||||
Award Type | Number of | Weighted Average | Number of Exercisable Units | Weighted Average | ||||||||||||||||||
Exercised Units | Exercised Price | Exercisable Price | ||||||||||||||||||||
Options | — | $ | — | 256,927 | $ | 28.91 | ||||||||||||||||
Stock Appreciation Rights | — | $ | — | 50,209 | $ | 14.15 | ||||||||||||||||
Income_and_Mining_Taxes_Tables
Income and Mining Taxes (Tables) | 6 Months Ended | |||||||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||||||||||||||||||||
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | ' | |||||||||||||||||||||||||||
The following table summarizes the components of the Company's income and mining tax (expense) benefit for the three and six months ended June 30, 2014 and 2013 by significant location: | ||||||||||||||||||||||||||||
Three months ended June 30, | Six months ended June 30, | |||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
(in thousands) | Income (loss) before tax | Tax (expense) benefit | Income (loss) before tax | Tax (expense) benefit | Income (loss) before tax | Tax (expense) benefit | Income (loss) before tax | Tax (expense) benefit | ||||||||||||||||||||
United States | $ | (31,370 | ) | $ | (146 | ) | $ | (67,824 | ) | $ | (1,329 | ) | $ | (60,214 | ) | $ | (292 | ) | $ | (61,896 | ) | $ | (4,541 | ) | ||||
Argentina | (688 | ) | (349 | ) | (2,989 | ) | (117 | ) | (2,892 | ) | 4,083 | (6,981 | ) | (44 | ) | |||||||||||||
Mexico | (12,710 | ) | 107 | 47,214 | (15,798 | ) | (28,716 | ) | 3,828 | 58,756 | (19,471 | ) | ||||||||||||||||
Bolivia | 3,957 | (2,205 | ) | 12,122 | (4,556 | ) | 8,649 | (4,969 | ) | 21,628 | (8,884 | ) | ||||||||||||||||
Other jurisdictions | 311 | (28 | ) | 110 | (1,873 | ) | 793 | (582 | ) | 641 | (1,978 | ) | ||||||||||||||||
$ | (40,500 | ) | $ | (2,621 | ) | $ | (11,367 | ) | $ | (23,673 | ) | $ | (82,380 | ) | $ | 2,068 | $ | 12,148 | $ | (34,918 | ) | |||||||
Net_Income_Loss_Per_Share_Tabl
Net Income (Loss) Per Share (Tables) | 6 Months Ended | |||||||||||||||
Jun. 30, 2014 | ||||||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | |||||||||||||||
Three months ended June 30, | Six months ended June 30, | |||||||||||||||
In thousands except per share amounts | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Net income (loss) available to common stockholders | $ | (43,121 | ) | $ | (35,040 | ) | $ | (80,312 | ) | $ | (22,770 | ) | ||||
Weighted average shares: | ||||||||||||||||
Basic | 102,444 | 99,833 | 102,405 | 94,918 | ||||||||||||
Effect of share based compensation plans | — | — | — | — | ||||||||||||
Diluted | 102,444 | 99,833 | 102,405 | 94,918 | ||||||||||||
Income (loss) per share: | ||||||||||||||||
Basic | $ | (0.42 | ) | $ | (0.35 | ) | $ | (0.78 | ) | $ | (0.24 | ) | ||||
Diluted | $ | (0.42 | ) | $ | (0.35 | ) | $ | (0.78 | ) | $ | (0.24 | ) |
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 6 Months Ended | |||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||
Schedule of Fair Value Adjustments to Comprehensive income (Loss) | ' | |||||||||||||||||||
The following table presents the components of Fair value adjustments, net (in thousands): | ||||||||||||||||||||
Three months ended March 31, | Six months ended June 30, | |||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||
Palmarejo royalty obligation embedded derivative | $ | (5,061 | ) | $ | 61,066 | $ | (15,296 | ) | $ | 75,495 | ||||||||||
Rochester net smelter royalty obligation | (1,837 | ) | — | (2,510 | ) | — | ||||||||||||||
Silver and gold options | (1,374 | ) | 6,350 | (2,868 | ) | 10,577 | ||||||||||||||
Foreign exchange contracts | (10 | ) | (662 | ) | 957 | (1,522 | ) | |||||||||||||
Fair value adjustments, net | $ | (8,282 | ) | $ | 66,754 | $ | (19,717 | ) | $ | 84,550 | ||||||||||
Financial assets and liabilities measured at fair value on recurring basis | ' | |||||||||||||||||||
The following table presents 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. 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 June 30, 2014 | ||||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | |||||||||||||||||
Assets: | ||||||||||||||||||||
Short-term investments | $ | 47,642 | $ | 47,642 | $ | — | $ | — | ||||||||||||
Marketable equity securities | 13,761 | 13,761 | — | — | ||||||||||||||||
Silver and gold options | 1,298 | — | 1,298 | — | ||||||||||||||||
Other derivative instruments, net | 240 | — | 240 | — | ||||||||||||||||
$ | 62,941 | $ | 61,403 | $ | 1,538 | $ | — | |||||||||||||
Liabilities: | ||||||||||||||||||||
Palmarejo royalty obligation embedded derivative | $ | 43,960 | $ | — | $ | — | $ | 43,960 | ||||||||||||
Rochester net smelter royalty obligation | 23,656 | — | — | 23,656 | ||||||||||||||||
Silver and gold options | 291 | — | 291 | — | ||||||||||||||||
$ | 67,907 | $ | — | $ | 291 | $ | 67,616 | |||||||||||||
Fair Value at December 31, 2013 | ||||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | |||||||||||||||||
Assets: | ||||||||||||||||||||
Marketable equity securities | $ | 14,521 | $ | 14,521 | $ | — | $ | — | ||||||||||||
Silver and gold options | 135 | — | 135 | — | ||||||||||||||||
$ | 14,656 | $ | 14,521 | $ | 135 | $ | — | |||||||||||||
Liabilities: | ||||||||||||||||||||
Palmarejo royalty obligation embedded derivative | $ | 40,338 | $ | — | $ | — | $ | 40,338 | ||||||||||||
Rochester net smelter royalty obligation | 21,630 | — | — | 21,630 | ||||||||||||||||
Other derivative instruments, net | 1,591 | — | 1,591 | — | ||||||||||||||||
$ | 63,559 | $ | — | $ | 1,591 | $ | 61,968 | |||||||||||||
Changes in the fair value of the Company's Level 3 financial liabilities | ' | |||||||||||||||||||
The following tables present the changes in the fair value of the Company's Level 3 financial liabilities for the three and six months ended June 30, 2014 (in thousands): | ||||||||||||||||||||
Three months ended June 30, 2014 | ||||||||||||||||||||
Balance at the beginning of the period | Revaluation | Settlements | Balance at the end of the period | |||||||||||||||||
Palmarejo royalty obligation embedded derivative | $ | 44,357 | $ | 5,061 | $ | (5,458 | ) | $ | 43,960 | |||||||||||
Rochester net smelter royalty obligation | 22,303 | 1,837 | (484 | ) | 23,656 | |||||||||||||||
Six months ended June 30, 2014 | ||||||||||||||||||||
Balance at the beginning of the period | Revaluation | Settlements | Balance at the end of the period | |||||||||||||||||
Palmarejo royalty obligation embedded derivative | $ | 40,338 | $ | 15,296 | $ | (11,674 | ) | $ | 43,960 | |||||||||||
Rochester net smelter royalty obligation | 21,630 | 2,510 | (484 | ) | 23,656 | |||||||||||||||
Financial Assets and Liabilities not Measured at Fair Value | ' | |||||||||||||||||||
The fair value of financial assets and liabilities measured at book value in the financial statements at June 30, 2014 and December 31, 2013 is presented in the following table (in thousands): | ||||||||||||||||||||
30-Jun-14 | ||||||||||||||||||||
Book Value | Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Liabilities: | ||||||||||||||||||||
3.25% Convertible Senior Notes due 2028 | $ | 5,334 | $ | 5,047 | $ | — | $ | 5,047 | $ | — | ||||||||||
7.875% Senior Notes due 2021 | 452,855 | 455,625 | — | 455,625 | — | |||||||||||||||
Palmarejo Gold Production Royalty Obligation | 41,976 | 51,252 | — | — | 51,252 | |||||||||||||||
31-Dec-13 | ||||||||||||||||||||
Book Value | Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Liabilities: | ||||||||||||||||||||
3.25% Convertible Senior Notes due 2028 | $ | 5,334 | $ | 5,067 | $ | 5,067 | $ | — | $ | — | ||||||||||
7.875% Senior Notes due 2021 | 300,000 | 307,314 | 307,314 | — | — | |||||||||||||||
Palmarejo Gold Production Royalty Obligation | 51,193 | 65,212 | — | — | 65,212 | |||||||||||||||
Derivative_Financial_Instrumen1
Derivative Financial Instruments (Tables) | 6 Months Ended | |||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||||||||||||
Derivative instruments, future settlement | ' | |||||||||||||||||
At June 30, 2014, the Company had the following derivative instruments that settle in each of the years indicated (in thousands except average prices and notional ounces): | ||||||||||||||||||
2014 | 2015 | 2016 | Thereafter | |||||||||||||||
Palmarejo gold production royalty | $ | 27,334 | $ | 46,078 | $ | 27,741 | $ | — | ||||||||||
Average gold price in excess of minimum contractual deduction | $ | 913 | $ | 919 | $ | 920 | $ | — | ||||||||||
Notional ounces | 29,920 | 50,153 | 30,168 | — | ||||||||||||||
Mexican peso put options purchased | $ | 23,000 | $ | — | $ | — | $ | — | ||||||||||
Average rate (MXN/$) | 14.97 | — | — | — | ||||||||||||||
Mexican peso notional amount | 344,310 | — | — | — | ||||||||||||||
Mexican peso call options sold | $ | 23,000 | $ | — | $ | — | $ | — | ||||||||||
Average rate (MXN/$) | 12.6 | — | — | — | ||||||||||||||
Mexican peso notional amount | 289,800 | — | — | — | ||||||||||||||
Silver concentrate sales contracts | $ | 3,253 | $ | — | $ | — | $ | — | ||||||||||
Average silver price | $ | 19.99 | $ | — | $ | — | $ | — | ||||||||||
Notional ounces | 162,724 | — | — | — | ||||||||||||||
Gold concentrate sales contracts | $ | 14,865 | $ | — | $ | — | $ | — | ||||||||||
Average gold price | $ | 1,286 | $ | — | $ | — | $ | — | ||||||||||
Notional ounces | 11,559 | — | — | — | ||||||||||||||
Gold put options purchased | $ | 60,000 | $ | 28,800 | $ | — | $ | — | ||||||||||
Average gold strike price | $ | 1,200 | $ | 1,200 | $ | — | $ | — | ||||||||||
Notional ounces | 50,000 | 24,000 | — | — | ||||||||||||||
Silver put options purchased | $ | 45,000 | $ | 22,500 | $ | — | $ | — | ||||||||||
Average silver strike price | $ | 18 | $ | 18 | $ | — | $ | — | ||||||||||
Notional ounces | 2,500,000 | 1,250,000 | — | — | ||||||||||||||
Gold put options sold | $ | (52,500 | ) | $ | (25,200 | ) | $ | — | $ | — | ||||||||
Average gold strike price | $ | 1,050 | $ | 1,050 | $ | — | $ | — | ||||||||||
Notional ounces | 50,000 | 24,000 | — | — | ||||||||||||||
Silver put options sold | $ | (40,000 | ) | $ | (20,000 | ) | $ | — | $ | — | ||||||||
Average silver strike price | $ | 16 | $ | 16 | $ | — | $ | — | ||||||||||
Notional ounces | 2,500,000 | 1,250,000 | — | — | ||||||||||||||
Fair value of the derivative instruments | ' | |||||||||||||||||
The following summarizes the classification of the fair value of the derivative instruments (in thousands): | ||||||||||||||||||
June 30, 2014 | ||||||||||||||||||
Prepaid | Accrued | Current | Non-current | |||||||||||||||
expenses and | liabilities and | portion of | portion of | |||||||||||||||
other | other | royalty | royalty | |||||||||||||||
obligation | obligation | |||||||||||||||||
Foreign exchange contracts, peso | $ | 49 | $ | — | $ | — | $ | — | ||||||||||
Palmarejo gold production royalty | — | — | 22,393 | 21,567 | ||||||||||||||
Silver and gold options | 1,298 | 291 | — | — | ||||||||||||||
Concentrate sales contracts | 192 | 1 | — | — | ||||||||||||||
$ | 1,539 | $ | 292 | $ | 22,393 | $ | 21,567 | |||||||||||
December 31, 2013 | ||||||||||||||||||
Prepaid | Accrued | Current | Non-current | |||||||||||||||
expenses and | liabilities and | portion of | portion of | |||||||||||||||
other | other | royalty | royalty | |||||||||||||||
obligation | obligation | |||||||||||||||||
Foreign exchange contracts, peso | $ | 38 | $ | 947 | $ | — | $ | — | ||||||||||
Palmarejo gold production royalty | — | — | 17,650 | 22,688 | ||||||||||||||
Silver and gold options | 135 | — | — | — | ||||||||||||||
Concentrate sales contracts | 11 | 693 | — | — | ||||||||||||||
$ | 184 | $ | 1,640 | $ | 17,650 | $ | 22,688 | |||||||||||
Gain losses on derivative instruments | ' | |||||||||||||||||
The following represent mark-to-market gains (losses) on derivative instruments for the three and six months ended June 30, 2014, and 2013 (in thousands): | ||||||||||||||||||
Three months ended June 30, | Six months ended June 30, | |||||||||||||||||
Financial statement line | Derivative | 2014 | 2013 | 2014 | 2013 | |||||||||||||
Sales of metal | Concentrate sales contracts | $ | 7 | $ | (667 | ) | $ | 872 | $ | (2,422 | ) | |||||||
Costs applicable to sales | Foreign exchange contracts | — | 203 | (924 | ) | 830 | ||||||||||||
Fair value adjustments, net | Foreign exchange contracts (MXN) | (10 | ) | (2,260 | ) | 957 | (1,522 | ) | ||||||||||
Fair value adjustments, net | Foreign exchange contracts (CDN) | — | 1,598 | — | — | |||||||||||||
Fair value adjustments, net | Palmarejo gold royalty | (5,061 | ) | 61,066 | (15,296 | ) | 75,495 | |||||||||||
Fair value adjustments, net | Silver and gold options | (1,374 | ) | 6,350 | (2,868 | ) | 10,577 | |||||||||||
$ | (6,438 | ) | $ | 66,290 | $ | (17,259 | ) | $ | 82,958 | |||||||||
Acquisitions_Tables
Acquisitions (Tables) | 6 Months Ended | |||
Jun. 30, 2014 | ||||
Business Combinations [Abstract] | ' | |||
Schedule of Business Acquisitions, by Acquisition | ' | |||
Total consideration paid (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 Recognized Identified Assets Acquired and Liabilities Assumed | ' | |||
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 | ||
Investments_Tables
Investments (Tables) | 6 Months Ended | ||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||
Investment in Marketable Securities [Abstract] | ' | ||||||||||||||||||||
Investments | ' | ||||||||||||||||||||
(in thousands) | At June 30, 2014 | ||||||||||||||||||||
Cost | Gross | Gross | Estimated | ||||||||||||||||||
Unrealized | Unrealized | Fair Value | |||||||||||||||||||
Losses | Gains | ||||||||||||||||||||
Short-term investments | $ | 47,661 | $ | (31 | ) | $ | 12 | $ | 47,642 | ||||||||||||
Marketable equity securities | 13,972 | (677 | ) | 466 | 13,761 | ||||||||||||||||
(in thousands) | At December 31, 2013 | ||||||||||||||||||||
Cost | Gross | Gross | Estimated | ||||||||||||||||||
Unrealized | Unrealized | Fair Value | |||||||||||||||||||
Losses | Gains | ||||||||||||||||||||
Marketable equity securities | $ | 17,649 | $ | (3,300 | ) | $ | 172 | $ | 14,521 | ||||||||||||
Gross unrealized losses on investment securities | ' | ||||||||||||||||||||
The following table summarizes the gross unrealized losses on investment securities for which other-than-temporary impairments have not been recognized and the fair values of those securities, aggregated by the length of time the individual securities have been in a continuous unrealized loss position, at June 30, 2014 (in thousands): | |||||||||||||||||||||
Less than twelve months | Twelve months or more | Total | |||||||||||||||||||
Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | ||||||||||||||||
Short-term investments | $ | (31 | ) | $ | 29,090 | $ | — | $ | — | $ | (31 | ) | $ | 29,090 | |||||||
Marketable equity securities | $ | — | $ | — | $ | (677 | ) | $ | 1,399 | $ | (677 | ) | $ | 1,399 | |||||||
Receivables_Tables
Receivables (Tables) | 6 Months Ended | |||||||
Jun. 30, 2014 | ||||||||
Receivables [Abstract] | ' | |||||||
Receivables | ' | |||||||
Receivables consist of the following (in thousands): | ||||||||
June 30, 2014 | December 31, 2013 | |||||||
Receivables - current: | ||||||||
Trade receivables | $ | 7,467 | $ | 17,303 | ||||
Income tax receivable | 7,845 | 6,240 | ||||||
Value added tax receivable | 47,340 | 49,168 | ||||||
Other | 6,041 | 8,363 | ||||||
$ | 68,693 | $ | 81,074 | |||||
Receivables - non-current: | ||||||||
Value added tax receivable | $ | 38,424 | $ | 36,574 | ||||
Metal_and_Other_Inventory_Tabl
Metal and Other Inventory (Tables) | 6 Months Ended | |||||||
Jun. 30, 2014 | ||||||||
Inventory Disclosure [Abstract] | ' | |||||||
Inventories | ' | |||||||
Inventory consists of the following (in thousands): | ||||||||
Inventory: | June 30, 2014 | December 31, 2013 | ||||||
Concentrate | $ | 19,151 | $ | 14,855 | ||||
Precious metals | 52,630 | 52,250 | ||||||
Supplies | 65,863 | 64,918 | ||||||
$ | 137,644 | $ | 132,023 | |||||
Ore on Leach Pads: | ||||||||
Current | $ | 44,964 | $ | 50,495 | ||||
Non-Current | 46,956 | 31,528 | ||||||
$ | 91,920 | $ | 82,023 | |||||
Total Inventory and Ore on Leach Pads | $ | 229,564 | $ | 214,046 | ||||
Property_Plant_and_Equipment_T
Property, Plant and Equipment (Tables) | 6 Months Ended | |||||||
Jun. 30, 2014 | ||||||||
Property, Plant and Equipment [Abstract] | ' | |||||||
Property, plant and equipment | ' | |||||||
Property, plant and equipment consist of the following (in thousands): | ||||||||
June 30, 2014 | December 31, 2013 | |||||||
Land | $ | 1,764 | $ | 1,764 | ||||
Facilities and equipment | 872,575 | 855,318 | ||||||
Capital leases | 25,680 | 16,133 | ||||||
900,019 | 873,215 | |||||||
Accumulated amortization | (429,904 | ) | (395,520 | ) | ||||
470,115 | 477,695 | |||||||
Construction in progress | 12,672 | 8,578 | ||||||
Property, plant and equipment, net | $ | 482,787 | $ | 486,273 | ||||
Mining_Properties_Tables
Mining Properties (Tables) | 6 Months Ended | |||||||||||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||||||||||
Mining Properties [Abstract] | ' | |||||||||||||||||||||||||||||||
Mining Properties | ' | |||||||||||||||||||||||||||||||
Mining properties consist of the following (in thousands): | ||||||||||||||||||||||||||||||||
June 30, 2014 | Palmarejo | San | Kensington | Rochester | La Preciosa | Joaquin | Coeur Capital | Total | ||||||||||||||||||||||||
Bartolomé | ||||||||||||||||||||||||||||||||
Mine development | $ | 158,631 | $ | 70,764 | $ | 275,660 | $ | 152,443 | $ | — | $ | — | $ | — | $ | 657,498 | ||||||||||||||||
Accumulated amortization | (116,097 | ) | (24,091 | ) | (92,162 | ) | (108,109 | ) | — | — | — | (340,459 | ) | |||||||||||||||||||
42,534 | 46,673 | 183,498 | 44,334 | — | — | — | 317,039 | |||||||||||||||||||||||||
Mineral interests | 1,146,572 | 26,643 | — | — | 408,352 | 93,429 | 85,838 | 1,760,834 | ||||||||||||||||||||||||
Accumulated amortization | (318,214 | ) | (9,434 | ) | — | — | — | — | (21,558 | ) | (349,206 | ) | ||||||||||||||||||||
828,358 | 17,209 | — | — | 408,352 | 93,429 | 64,280 | 1,411,628 | |||||||||||||||||||||||||
Mining properties, net | $ | 870,892 | $ | 63,882 | $ | 183,498 | $ | 44,334 | $ | 408,352 | $ | 93,429 | $ | 64,280 | $ | 1,728,667 | ||||||||||||||||
December 31, 2013 | Palmarejo | San | Kensington | Rochester | La Preciosa | Joaquin | Coeur Capital | Total | ||||||||||||||||||||||||
Bartolomé | ||||||||||||||||||||||||||||||||
Mine development | $ | 151,845 | $ | 70,761 | $ | 268,351 | $ | 150,348 | $ | — | $ | — | $ | — | $ | 641,305 | ||||||||||||||||
Accumulated amortization | (110,143 | ) | (22,236 | ) | (80,032 | ) | (103,130 | ) | — | — | — | (315,541 | ) | |||||||||||||||||||
41,702 | 48,525 | 188,319 | 47,218 | — | — | — | 325,764 | |||||||||||||||||||||||||
Mineral interests | 1,146,572 | 26,643 | — | — | 408,352 | 93,429 | 78,133 | 1,753,129 | ||||||||||||||||||||||||
Accumulated amortization | (300,187 | ) | (8,759 | ) | — | — | — | — | (18,446 | ) | (327,392 | ) | ||||||||||||||||||||
846,385 | 17,884 | — | — | 408,352 | 93,429 | 59,687 | 1,425,737 | |||||||||||||||||||||||||
Mining properties, net | $ | 888,087 | $ | 66,409 | $ | 188,319 | $ | 47,218 | $ | 408,352 | $ | 93,429 | $ | 59,687 | $ | 1,751,501 | ||||||||||||||||
Debt_Tables
Debt (Tables) | 6 Months Ended | |||||||||||||||
Jun. 30, 2014 | ||||||||||||||||
Debt Disclosure [Abstract] | ' | |||||||||||||||
Long term debt and capital lease obligations | ' | |||||||||||||||
Long-term debt and capital lease obligations at June 30, 2014 and December 31, 2013 are as follows (in thousands): | ||||||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||||||
Current | Non-Current | Current | Non-Current | |||||||||||||
3.25% Convertible Senior Notes due 2028 | $ | 5,334 | $ | — | $ | — | $ | 5,334 | ||||||||
7.875% Senior Notes due 2021 | — | 452,855 | — | 300,000 | ||||||||||||
Capital lease obligations | 6,231 | 15,715 | 2,505 | 796 | ||||||||||||
$ | 11,565 | $ | 468,570 | $ | 2,505 | $ | 306,130 | |||||||||
Interest expenses incurred for various debt instruments | ' | |||||||||||||||
Interest expense is made up of the following (in thousands): | ||||||||||||||||
Three months ended June 30, | Six months ended June 30, | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
3.25% Convertible Senior Notes due 2028 | $ | 43 | $ | 43 | $ | 86 | $ | 380 | ||||||||
7.875% Senior Notes due 2021 | 8,859 | 5,906 | 15,323 | 10,041 | ||||||||||||
Revolving Credit Facility | — | 133 | 179 | 258 | ||||||||||||
Loss on Revolving Credit Facility | — | — | 3,035 | — | ||||||||||||
Capital lease obligations | 333 | 98 | 392 | 266 | ||||||||||||
Other debt obligations | — | 72 | — | 268 | ||||||||||||
Accretion of Palmarejo gold production royalty obligation | 2,898 | 4,107 | 6,094 | 8,170 | ||||||||||||
Amortization of debt issuance costs | 420 | 539 | 918 | 1,064 | ||||||||||||
Accretion of debt (premium) discount | (108 | ) | — | (144 | ) | 576 | ||||||||||
Capitalized interest | (135 | ) | 32 | (518 | ) | (361 | ) | |||||||||
Total interest expense, net of capitalized interest | $ | 12,310 | $ | 10,930 | $ | 25,365 | $ | 20,662 | ||||||||
Supplemental_Guarantor_Informa1
Supplemental Guarantor Information (Tables) | 6 Months Ended | |||||||||||||||||||||||||||||||||||||||||
Jun. 30, 2014 | Jun. 30, 2013 | |||||||||||||||||||||||||||||||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | ' | ||||||||||||||||||||||||||||||||||||||||
Schedule of Comprehensive Income (Loss) | ' | ' | ||||||||||||||||||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) | CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) | |||||||||||||||||||||||||||||||||||||||||
SIX MONTHS ENDED JUNE 30, 2014 | THREE MONTHS ENDED JUNE 30, 2013 | |||||||||||||||||||||||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||||||||||||||||||
Revenue | $ | — | $ | 121,248 | $ | 202,947 | $ | — | $ | 324,195 | Revenue | $ | — | $ | 65,754 | $ | 138,771 | $ | — | $ | 204,525 | |||||||||||||||||||||
COSTS AND EXPENSES | COSTS AND EXPENSES | |||||||||||||||||||||||||||||||||||||||||
Costs applicable to sales(1) | — | 90,837 | 134,746 | — | 225,583 | Costs applicable to sales(1) | — | 52,669 | 89,717 | — | 142,386 | |||||||||||||||||||||||||||||||
Amortization | 825 | 32,080 | 48,944 | — | 81,849 | Amortization | 231 | 15,151 | 41,512 | — | 56,894 | |||||||||||||||||||||||||||||||
General and administrative | 22,768 | 3 | 523 | — | 23,294 | General and administrative | 12,617 | 1,375 | 1,034 | — | 15,026 | |||||||||||||||||||||||||||||||
Exploration | 1,536 | 4,904 | 2,930 | — | 9,370 | Exploration | 314 | 1,398 | 5,062 | — | 6,774 | |||||||||||||||||||||||||||||||
Pre-development, reclamation, and other | 352 | 2,843 | 12,580 | — | 15,775 | Litigation settlement | — | 32,046 | — | — | 32,046 | |||||||||||||||||||||||||||||||
Total costs and expenses | 25,481 | 130,667 | 199,723 | — | 355,871 | Pre-development, reclamation, and other | — | 1,135 | 682 | — | 1,817 | |||||||||||||||||||||||||||||||
Fair value adjustments, net | (1,982 | ) | (2,510 | ) | (15,225 | ) | — | (19,717 | ) | Total costs and expenses | 13,162 | 103,774 | 138,007 | — | 254,943 | |||||||||||||||||||||||||||
Impairment of marketable securities | — | (3,522 | ) | — | — | (3,522 | ) | OTHER INCOME (EXPENSE), NET | ||||||||||||||||||||||||||||||||||
Fair value adjustments, net | (662 | ) | 6,350 | 61,066 | — | 66,754 | ||||||||||||||||||||||||||||||||||||
Interest income and other, net | 1,915 | 58 | (2,720 | ) | (1,353 | ) | (2,100 | ) | ||||||||||||||||||||||||||||||||||
Impairment of marketable securities | (17,192 | ) | — | — | — | (17,192 | ) | |||||||||||||||||||||||||||||||||||
Interest expense, net of capitalized interest | (19,398 | ) | (340 | ) | (6,980 | ) | 1,353 | (25,365 | ) | |||||||||||||||||||||||||||||||||
Interest income and other, net | 1,309 | 241 | (247 | ) | (884 | ) | 419 | |||||||||||||||||||||||||||||||||||
Total other income (expense), net | (19,465 | ) | (6,314 | ) | (24,925 | ) | — | (50,704 | ) | |||||||||||||||||||||||||||||||||
Interest expense, net of capitalized interest | (6,623 | ) | (100 | ) | (5,091 | ) | 884 | (10,930 | ) | |||||||||||||||||||||||||||||||||
Loss before income and mining taxes | (44,946 | ) | (15,733 | ) | (21,701 | ) | — | (82,380 | ) | |||||||||||||||||||||||||||||||||
Total other income (expense), net | (23,168 | ) | 6,491 | 55,728 | — | 39,051 | ||||||||||||||||||||||||||||||||||||
Income and mining tax (expense) benefit | 127 | (419 | ) | 2,360 | — | 2,068 | ||||||||||||||||||||||||||||||||||||
Loss before income and mining taxes | (36,330 | ) | (31,529 | ) | 56,492 | — | (11,367 | ) | ||||||||||||||||||||||||||||||||||
Total loss after income and mining taxes | (44,819 | ) | (16,152 | ) | (19,341 | ) | — | (80,312 | ) | |||||||||||||||||||||||||||||||||
Income and mining tax (expense) benefit | (824 | ) | (730 | ) | (22,119 | ) | — | (23,673 | ) | |||||||||||||||||||||||||||||||||
Equity income (loss) in consolidated subsidiaries | (35,493 | ) | 299 | — | 35,194 | — | ||||||||||||||||||||||||||||||||||||
Total loss after income and mining taxes | (37,154 | ) | (32,259 | ) | 34,373 | — | (35,040 | ) | ||||||||||||||||||||||||||||||||||
NET INCOME (LOSS) | $ | (80,312 | ) | $ | (15,853 | ) | $ | (19,341 | ) | $ | 35,194 | $ | (80,312 | ) | ||||||||||||||||||||||||||||
Equity income (loss) in consolidated subsidiaries | 2,114 | — | — | (2,114 | ) | — | ||||||||||||||||||||||||||||||||||||
OTHER COMPREHENSIVE INCOME (LOSS), net of tax: | ||||||||||||||||||||||||||||||||||||||||||
Unrealized gain (loss) on marketable securities, net of tax | (401 | ) | (380 | ) | — | 380 | (401 | ) | NET INCOME (LOSS) | $ | (35,040 | ) | $ | (32,259 | ) | $ | 34,373 | $ | (2,114 | ) | $ | (35,040 | ) | |||||||||||||||||||
Reclassification adjustments for impairment of marketable securities | 2,159 | 2,159 | — | (2,159 | ) | 2,159 | OTHER COMPREHENSIVE INCOME (LOSS), net of tax: | |||||||||||||||||||||||||||||||||||
Unrealized gain (loss) on marketable securities, net of tax | (7,491 | ) | — | — | — | (7,491 | ) | |||||||||||||||||||||||||||||||||||
Reclassification adjustments for realized loss on sale of marketable securities | 17 | 17 | — | (17 | ) | 17 | ||||||||||||||||||||||||||||||||||||
Reclassification adjustments for impairment of marketable securities | 17,192 | — | — | — | 17,192 | |||||||||||||||||||||||||||||||||||||
Other comprehensive income (loss) | 1,775 | 1,796 | — | (1,796 | ) | 1,775 | ||||||||||||||||||||||||||||||||||||
Other comprehensive income (loss) | 9,701 | — | — | — | 9,701 | |||||||||||||||||||||||||||||||||||||
COMPREHENSIVE INCOME (LOSS) | $ | (78,537 | ) | $ | (14,057 | ) | $ | (19,341 | ) | $ | 33,398 | $ | (78,537 | ) | ||||||||||||||||||||||||||||
COMPREHENSIVE INCOME (LOSS) | $ | (25,339 | ) | $ | (32,259 | ) | $ | 34,373 | $ | (2,114 | ) | $ | (25,339 | ) | ||||||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) | (1) Excludes amortization. | |||||||||||||||||||||||||||||||||||||||||
THREE MONTHS ENDED JUNE 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) | ||||||||||||||||||||||||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | SIX MONTHS ENDED JUNE 30, 2013 | |||||||||||||||||||||||||||||||||||||
Revenue | $ | — | $ | 60,748 | $ | 103,814 | $ | — | $ | 164,562 | ||||||||||||||||||||||||||||||||
COSTS AND EXPENSES | Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||||||||||||||||||||||
Costs applicable to sales(1) | — | 47,599 | 71,088 | — | 118,687 | Revenue | $ | — | $ | 144,502 | $ | 231,820 | $ | — | $ | 376,322 | ||||||||||||||||||||||||||
Amortization | 448 | 16,784 | 24,190 | — | 41,422 | COSTS AND EXPENSES | ||||||||||||||||||||||||||||||||||||
Costs applicable to sales(1) | — | 97,010 | 133,434 | — | 230,444 | |||||||||||||||||||||||||||||||||||||
General and administrative | 9,716 | (163 | ) | (155 | ) | — | 9,398 | |||||||||||||||||||||||||||||||||||
Amortization | 450 | 30,295 | 75,844 | — | 106,589 | |||||||||||||||||||||||||||||||||||||
Exploration | 950 | 2,483 | 1,720 | — | 5,153 | |||||||||||||||||||||||||||||||||||||
General and administrative | 22,354 | 1,542 | 1,357 | — | 25,253 | |||||||||||||||||||||||||||||||||||||
Pre-development, reclamation, and other | 352 | 1,307 | 7,101 | — | 8,760 | |||||||||||||||||||||||||||||||||||||
Exploration | 663 | 2,862 | 10,090 | — | 13,615 | |||||||||||||||||||||||||||||||||||||
Total costs and expenses | 11,466 | 68,010 | 103,944 | — | 183,420 | |||||||||||||||||||||||||||||||||||||
Litigation settlement | — | 32,046 | — | — | 32,046 | |||||||||||||||||||||||||||||||||||||
OTHER INCOME (EXPENSE), NET | ||||||||||||||||||||||||||||||||||||||||||
Fair value adjustments, net | (1,456 | ) | (1,837 | ) | (4,989 | ) | — | (8,282 | ) | Pre-development, reclamation, and other | — | 1,563 | 5,600 | — | 7,163 | |||||||||||||||||||||||||||
Impairment of marketable securities | — | (934 | ) | — | — | (934 | ) | Total costs and expenses | 23,467 | 165,318 | 226,325 | — | 415,110 | |||||||||||||||||||||||||||||
Interest income and other, net | 1,075 | 12 | (507 | ) | (696 | ) | (116 | ) | OTHER INCOME (EXPENSE), NET | . | ||||||||||||||||||||||||||||||||
Fair value adjustments, net | (1,522 | ) | 10,577 | 75,495 | — | 84,550 | ||||||||||||||||||||||||||||||||||||
Interest expense, net of capitalized interest | (9,215 | ) | (314 | ) | (3,477 | ) | 696 | (12,310 | ) | |||||||||||||||||||||||||||||||||
Impairment of marketable securities | (17,227 | ) | — | — | — | (17,227 | ) | |||||||||||||||||||||||||||||||||||
Total other income (expense), net | (9,596 | ) | (3,073 | ) | (8,973 | ) | — | (21,642 | ) | |||||||||||||||||||||||||||||||||
Interest income and other, net | 2,208 | 475 | 3,316 | (1,724 | ) | 4,275 | ||||||||||||||||||||||||||||||||||||
Loss before income and mining taxes | (21,062 | ) | (10,335 | ) | (9,103 | ) | — | (40,500 | ) | |||||||||||||||||||||||||||||||||
Interest expense, net of capitalized interest | (12,320 | ) | (364 | ) | (9,702 | ) | 1,724 | (20,662 | ) | |||||||||||||||||||||||||||||||||
Income and mining tax (expense) benefit | 273 | (419 | ) | (2,475 | ) | — | (2,621 | ) | ||||||||||||||||||||||||||||||||||
Total other income (expense), net | (28,861 | ) | 10,688 | 69,109 | — | 50,936 | ||||||||||||||||||||||||||||||||||||
Total loss after income and mining taxes | (20,789 | ) | (10,754 | ) | (11,578 | ) | — | (43,121 | ) | |||||||||||||||||||||||||||||||||
Loss before income and mining taxes | (52,328 | ) | (10,128 | ) | 74,604 | — | 12,148 | |||||||||||||||||||||||||||||||||||
Equity income (loss) in consolidated subsidiaries | (22,332 | ) | 121 | — | 22,211 | — | ||||||||||||||||||||||||||||||||||||
Income and mining tax (expense) benefit | (3,310 | ) | (1,510 | ) | (30,098 | ) | — | (34,918 | ) | |||||||||||||||||||||||||||||||||
NET INCOME (LOSS) | $ | (43,121 | ) | $ | (10,633 | ) | $ | (11,578 | ) | $ | 22,211 | $ | (43,121 | ) | ||||||||||||||||||||||||||||
Total loss after income and mining taxes | (55,638 | ) | (11,638 | ) | 44,506 | — | (22,770 | ) | ||||||||||||||||||||||||||||||||||
OTHER COMPREHENSIVE INCOME (LOSS), net of tax: | ||||||||||||||||||||||||||||||||||||||||||
Unrealized gain (loss) on marketable securities, net of tax | (773 | ) | (847 | ) | — | 847 | (773 | ) | Equity income (loss) in consolidated subsidiaries | 32,868 | — | — | (32,868 | ) | — | |||||||||||||||||||||||||||
Reclassification adjustments for impairment of marketable securities | 572 | 572 | — | (572 | ) | 572 | NET INCOME (LOSS) | $ | (22,770 | ) | $ | (11,638 | ) | $ | 44,506 | $ | (32,868 | ) | $ | (22,770 | ) | |||||||||||||||||||||
Reclassification adjustments for realized loss on sale of marketable securities | 17 | 17 | — | (17 | ) | 17 | OTHER COMPREHENSIVE INCOME (LOSS), net of tax: | |||||||||||||||||||||||||||||||||||
Unrealized gain (loss) on marketable securities, net of tax | (11,057 | ) | — | — | — | (11,057 | ) | |||||||||||||||||||||||||||||||||||
Other comprehensive income (loss) | (184 | ) | (258 | ) | — | 258 | (184 | ) | ||||||||||||||||||||||||||||||||||
Reclassification adjustments for impairment of marketable securities | 17,227 | — | — | — | 17,227 | |||||||||||||||||||||||||||||||||||||
COMPREHENSIVE INCOME (LOSS) | $ | (43,305 | ) | $ | (10,891 | ) | $ | (11,578 | ) | $ | 22,469 | $ | (43,305 | ) | ||||||||||||||||||||||||||||
Other comprehensive income (loss) | 6,170 | — | — | — | 6,170 | |||||||||||||||||||||||||||||||||||||
COMPREHENSIVE INCOME (LOSS) | $ | (16,600 | ) | $ | (11,638 | ) | $ | 44,506 | $ | (32,868 | ) | $ | (16,600 | ) | ||||||||||||||||||||||||||||
Schedule of Condensed Cash Flow Statement | ' | ' | ||||||||||||||||||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||||||||||||||||||||||||
THREE MONTHS ENDED JUNE 30, 2014 | CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | |||||||||||||||||||||||||||||||||||||||||
THREE MONTHS ENDED JUNE 30, 2013 | ||||||||||||||||||||||||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | ||||||||||||||||||||||||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||||||||||||||||||||||
Cash provided by (used in) operating activities | $ | (35,100 | ) | $ | 4,210 | $ | 39,169 | $ | 22,211 | 30,490 | CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||||||||||||||||||||||||
Cash provided by (used in) operating activities | $ | (4,114 | ) | $ | 3,768 | $ | 65,798 | $ | (2,114 | ) | $ | 63,338 | ||||||||||||||||||||||||||||||
CASH FLOWS FROM INVESTING ACTIVITIES | — | — | — | |||||||||||||||||||||||||||||||||||||||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||||||||||||||||||||||||||||||||||||||
Capital expenditures | (106 | ) | (7,945 | ) | (7,305 | ) | — | (15,356 | ) | Capital expenditures | (129 | ) | (14,003 | ) | (13,069 | ) | — | (27,201 | ) | |||||||||||||||||||||||
Purchase of short term investments and marketable securities | (2,106 | ) | (33 | ) | — | — | (2,139 | ) | Purchase of short term investments and marketable securities | — | (23 | ) | (660 | ) | — | (683 | ) | |||||||||||||||||||||||||
Sales and maturities of short term investments | 217 | 583 | — | — | 800 | Sales and maturities of short term investments | 1,498 | 24 | — | — | 1,522 | |||||||||||||||||||||||||||||||
Acquisitions | — | (2,250 | ) | — | — | (2,250 | ) | Acquisitions | (101,648 | ) | — | — | — | (101,648 | ) | |||||||||||||||||||||||||||
Other | — | 4 | 8 | — | 12 | Other | (18 | ) | 205 | 67 | — | 254 | ||||||||||||||||||||||||||||||
Investments in consolidated subsidiaries | 65,832 | (121 | ) | — | (65,711 | ) | — | Investments in consolidated subsidiaries | (5,602 | ) | 3,488 | 2,114 | — | |||||||||||||||||||||||||||||
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | 63,837 | (9,762 | ) | (7,297 | ) | (65,711 | ) | (18,933 | ) | CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | (105,899 | ) | (13,797 | ) | (10,174 | ) | 2,114 | (127,756 | ) | |||||||||||||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||||||||||||||||||||||||||||||||||
Payments on long-term debt, capital leases, and associated costs | (403 | ) | (2,131 | ) | (317 | ) | — | (2,851 | ) | Payments on long-term debt, capital leases, and associated costs | — | (715 | ) | (1,142 | ) | — | (1,857 | ) | ||||||||||||||||||||||||
Gold production royalty payments | — | — | (12,345 | ) | — | (12,345 | ) | Gold production royalty payments | — | — | (15,480 | ) | — | (15,480 | ) | |||||||||||||||||||||||||||
Net intercompany financing activity | (20,555 | ) | 7,828 | (30,773 | ) | 43,500 | — | Net intercompany financing activity | (11,666 | ) | 11,183 | 483 | — | — | ||||||||||||||||||||||||||||
Other | (160 | ) | — | — | — | (160 | ) | Other | (25 | ) | — | — | — | (25 | ) | |||||||||||||||||||||||||||
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | (21,118 | ) | 5,697 | (43,435 | ) | 43,500 | (15,356 | ) | CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | (11,691 | ) | 10,468 | (16,139 | ) | — | (17,362 | ) | |||||||||||||||||||||||||
NET CHANGE IN CASH AND CASH EQUIVALENTS | 7,619 | 145 | (11,563 | ) | — | (3,799 | ) | NET CHANGE IN CASH AND CASH EQUIVALENTS | (121,704 | ) | 439 | 39,485 | — | (81,780 | ) | |||||||||||||||||||||||||||
Cash and cash equivalents at beginning of period | 204,045 | 754 | 68,133 | — | 272,932 | Cash and cash equivalents at beginning of period | 308,585 | 284 | 22,442 | — | 331,311 | |||||||||||||||||||||||||||||||
Cash and cash equivalents at end of period | $ | 211,664 | $ | 899 | $ | 56,570 | $ | — | $ | 269,133 | Cash and cash equivalents at end of period | $ | 186,881 | $ | 723 | $ | 61,927 | $ | — | $ | 249,531 | |||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | |||||||||||||||||||||||||||||||||||||||||
SIX MONTHS ENDED JUNE 30, 2014 | SIX MONTHS ENDED JUNE 30, 2013 | |||||||||||||||||||||||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||||||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||||||||||||||||||||||||||||||||||
Cash provided by (used in) operating activities | $ | (72,723 | ) | $ | 9,142 | $ | 49,251 | $ | 35,194 | 20,864 | Cash provided by (used in) operating activities | $ | 18,860 | $ | 20,659 | $ | 69,621 | $ | (32,868 | ) | $ | 76,272 | ||||||||||||||||||||
CASH FLOWS FROM INVESTING ACTIVITIES | CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||||||||||||||||||||||||||||||||||
Capital expenditures | (1,051 | ) | (13,615 | ) | (12,626 | ) | — | (27,292 | ) | Capital expenditures | (557 | ) | (20,629 | ) | (18,842 | ) | — | (40,028 | ) | |||||||||||||||||||||||
Purchase of short term investments and marketable securities | (47,903 | ) | (457 | ) | — | — | (48,360 | ) | Purchase of short term investments and marketable securities | (1,598 | ) | (39 | ) | (3,695 | ) | — | (5,332 | ) | ||||||||||||||||||||||||
Sales and maturities of short term investments | 307 | 583 | — | — | 890 | Sales and maturities of short term investments | 2,873 | 38 | 3,433 | — | 6,344 | |||||||||||||||||||||||||||||||
Acquisitions | — | (2,250 | ) | — | — | (2,250 | ) | Acquisitions | (113,214 | ) | — | — | — | (113,214 | ) | |||||||||||||||||||||||||||
Other | — | 4 | (17 | ) | — | (13 | ) | Other | (6 | ) | 443 | 772 | — | 1,209 | ||||||||||||||||||||||||||||
Investments in consolidated subsidiaries | 78,993 | (299 | ) | — | (78,694 | ) | — | Investments in consolidated subsidiaries | (36,355 | ) | — | 3,487 | 32,868 | — | ||||||||||||||||||||||||||||
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | 30,346 | (16,034 | ) | (12,643 | ) | (78,694 | ) | (77,025 | ) | CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | (148,857 | ) | (20,187 | ) | (14,845 | ) | 32,868 | (151,021 | ) | |||||||||||||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||||||||||||||||||||||||||||||||||
Issuance of notes and bank borrowings | 153,000 | — | — | — | 153,000 | Issuance of notes and bank borrowings | 300,000 | — | — | — | 300,000 | |||||||||||||||||||||||||||||||
Payments on long-term debt, capital leases, and associated costs | (3,599 | ) | (2,543 | ) | (820 | ) | — | (6,962 | ) | Payments on long-term debt, capital leases, and associated costs | (52,565 | ) | (1,955 | ) | (2,677 | ) | — | (57,197 | ) | |||||||||||||||||||||||
Gold production royalty payments | — | — | (27,028 | ) | — | (27,028 | ) | Gold production royalty payments | — | — | (30,929 | ) | — | (30,929 | ) | |||||||||||||||||||||||||||
Net intercompany financing activity | (32,030 | ) | 9,343 | (20,813 | ) | 43,500 | — | Share repurchases | (12,557 | ) | — | — | — | (12,557 | ) | |||||||||||||||||||||||||||
Other | (406 | ) | — | — | — | (406 | ) | Net intercompany financing activity | (4,311 | ) | 1,806 | 2,505 | — | — | ||||||||||||||||||||||||||||
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | 116,965 | 6,800 | (48,661 | ) | 43,500 | 118,604 | Other | (477 | ) | — | — | — | (477 | ) | ||||||||||||||||||||||||||||
NET CHANGE IN CASH AND CASH EQUIVALENTS | 74,588 | (92 | ) | (12,053 | ) | — | 62,443 | CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | 230,090 | (149 | ) | (31,101 | ) | — | 198,840 | |||||||||||||||||||||||||||
Cash and cash equivalents at beginning of period | 137,076 | 991 | 68,623 | — | 206,690 | NET CHANGE IN CASH AND CASH EQUIVALENTS | 100,093 | 323 | 23,675 | — | 124,091 | |||||||||||||||||||||||||||||||
Cash and cash equivalents at end of period | $ | 211,664 | $ | 899 | $ | 56,570 | $ | — | $ | 269,133 | Cash and cash equivalents at beginning of period | 86,788 | 400 | 38,252 | — | 125,440 | ||||||||||||||||||||||||||
Cash and cash equivalents at end of period | $ | 186,881 | $ | 723 | $ | 61,927 | $ | — | $ | 249,531 | ||||||||||||||||||||||||||||||||
Schedule of Condensed Balance Sheet | ' | ' | ||||||||||||||||||||||||||||||||||||||||
CONDENSED CONSOLIDATING BALANCE SHEET | ||||||||||||||||||||||||||||||||||||||||||
DECEMBER 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | ||||||||||||||||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | 137,076 | $ | 991 | $ | 68,623 | $ | — | $ | 206,690 | ||||||||||||||||||||||||||||||||
Investments | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||
Receivables | 530 | 19,982 | 60,562 | — | 81,074 | |||||||||||||||||||||||||||||||||||||
Ore on leach pads | — | 50,495 | — | — | 50,495 | |||||||||||||||||||||||||||||||||||||
Inventory | — | 35,290 | 96,733 | — | 132,023 | |||||||||||||||||||||||||||||||||||||
Deferred tax assets | — | — | 35,008 | — | 35,008 | |||||||||||||||||||||||||||||||||||||
Prepaid expenses and other | 4,128 | 5,282 | 16,530 | — | 25,940 | |||||||||||||||||||||||||||||||||||||
141,734 | 112,040 | 277,456 | — | 531,230 | ||||||||||||||||||||||||||||||||||||||
NON-CURRENT ASSETS | ||||||||||||||||||||||||||||||||||||||||||
Property, plant and equipment, net | 5,980 | 143,118 | 337,175 | — | 486,273 | |||||||||||||||||||||||||||||||||||||
Mining properties, net | — | 235,537 | 1,515,964 | — | 1,751,501 | |||||||||||||||||||||||||||||||||||||
Ore on leach pads | — | 31,528 | — | — | 31,528 | |||||||||||||||||||||||||||||||||||||
Restricted assets | 830 | 50 | 6,134 | — | 7,014 | |||||||||||||||||||||||||||||||||||||
Marketable securities | — | 14,521 | — | — | 14,521 | |||||||||||||||||||||||||||||||||||||
Receivables | — | — | 36,574 | — | 36,574 | |||||||||||||||||||||||||||||||||||||
Debt issuance costs, net | 10,812 | — | — | — | 10,812 | |||||||||||||||||||||||||||||||||||||
Deferred tax assets | 955 | — | 234 | — | 1,189 | |||||||||||||||||||||||||||||||||||||
Net investment in subsidiaries | 1,242,480 | 46,215 | 1,578,799 | (2,867,494 | ) | — | ||||||||||||||||||||||||||||||||||||
Other | 53,858 | 14,616 | 320,425 | (373,563 | ) | 15,336 | ||||||||||||||||||||||||||||||||||||
TOTAL ASSETS | $ | 1,456,649 | $ | 597,625 | $ | 4,072,761 | $ | (3,241,057 | ) | $ | 2,885,978 | |||||||||||||||||||||||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||||||||||||||||||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||||||||||||||||||||||||
Accounts payable | $ | 1,963 | $ | 15,864 | $ | 36,020 | $ | — | $ | 53,847 | ||||||||||||||||||||||||||||||||
Accrued liabilities and other | 16,693 | 8,016 | 14,611 | (1,054 | ) | 38,266 | ||||||||||||||||||||||||||||||||||||
Debt | — | 1,262 | 309,472 | (308,229 | ) | 2,505 | ||||||||||||||||||||||||||||||||||||
Royalty obligations | — | 3,934 | 44,085 | — | 48,019 | |||||||||||||||||||||||||||||||||||||
Reclamation | — | — | 794 | 119 | 913 | |||||||||||||||||||||||||||||||||||||
Deferred tax liabilities | — | — | 1,011 | — | 1,011 | |||||||||||||||||||||||||||||||||||||
18,656 | 29,076 | 405,993 | (309,164 | ) | 144,561 | |||||||||||||||||||||||||||||||||||||
NON-CURRENT LIABILITIES | ||||||||||||||||||||||||||||||||||||||||||
Debt | 305,335 | 255 | 64,820 | (64,280 | ) | 306,130 | ||||||||||||||||||||||||||||||||||||
Royalty obligations | — | 17,696 | 47,446 | — | 65,142 | |||||||||||||||||||||||||||||||||||||
Reclamation | — | 45,894 | 11,740 | (119 | ) | 57,515 | ||||||||||||||||||||||||||||||||||||
Deferred tax liabilities | 37,095 | 1,618 | 517,533 | — | 556,246 | |||||||||||||||||||||||||||||||||||||
Other long-term liabilities | 2,467 | 544 | 22,806 | — | 25,817 | |||||||||||||||||||||||||||||||||||||
Intercompany payable (receivable) | (637,471 | ) | 427,085 | 210,386 | — | — | ||||||||||||||||||||||||||||||||||||
(292,574 | ) | 493,092 | 874,731 | (64,399 | ) | 1,010,850 | ||||||||||||||||||||||||||||||||||||
STOCKHOLDERS’ EQUITY | ||||||||||||||||||||||||||||||||||||||||||
Common stock | 1,028 | 250 | 122,666 | (122,916 | ) | 1,028 | ||||||||||||||||||||||||||||||||||||
Additional paid-in capital | 2,781,164 | 79,712 | 3,258,037 | (3,337,749 | ) | 2,781,164 | ||||||||||||||||||||||||||||||||||||
Accumulated deficit | (1,046,719 | ) | 401 | (588,666 | ) | 588,265 | (1,046,719 | ) | ||||||||||||||||||||||||||||||||||
Accumulated other comprehensive income (loss) | (4,906 | ) | (4,906 | ) | — | 4,906 | (4,906 | ) | ||||||||||||||||||||||||||||||||||
1,730,567 | 75,457 | 2,792,037 | (2,867,494 | ) | 1,730,567 | |||||||||||||||||||||||||||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 1,456,649 | $ | 597,625 | $ | 4,072,761 | $ | (3,241,057 | ) | $ | 2,885,978 | |||||||||||||||||||||||||||||||
CONDENSED CONSOLIDATING BALANCE SHEET | ||||||||||||||||||||||||||||||||||||||||||
JUNE 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||
Coeur Mining, Inc. | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | ||||||||||||||||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | 211,664 | $ | 899 | $ | 56,570 | $ | — | $ | 269,133 | ||||||||||||||||||||||||||||||||
Investments | 47,642 | — | 47,642 | |||||||||||||||||||||||||||||||||||||||
Receivables | 83 | 10,420 | 58,190 | — | 68,693 | |||||||||||||||||||||||||||||||||||||
Ore on leach pads | — | 44,964 | — | — | 44,964 | |||||||||||||||||||||||||||||||||||||
Inventory | — | 47,331 | 90,313 | — | 137,644 | |||||||||||||||||||||||||||||||||||||
Deferred tax assets | — | — | 35,079 | — | 35,079 | |||||||||||||||||||||||||||||||||||||
Prepaid expenses and other | 2,573 | 8,546 | 12,474 | — | 23,593 | |||||||||||||||||||||||||||||||||||||
261,962 | 112,160 | 252,626 | — | 626,748 | ||||||||||||||||||||||||||||||||||||||
NON-CURRENT ASSETS | ||||||||||||||||||||||||||||||||||||||||||
Property, plant and equipment, net | 6,234 | 153,551 | 323,002 | — | 482,787 | |||||||||||||||||||||||||||||||||||||
Mining properties, net | — | 235,216 | 1,493,451 | — | 1,728,667 | |||||||||||||||||||||||||||||||||||||
Ore on leach pads | — | 46,956 | — | — | 46,956 | |||||||||||||||||||||||||||||||||||||
Restricted assets | 830 | 50 | 6,630 | — | 7,510 | |||||||||||||||||||||||||||||||||||||
Marketable securities | — | 13,761 | — | — | 13,761 | |||||||||||||||||||||||||||||||||||||
Receivables | — | — | 38,424 | — | 38,424 | |||||||||||||||||||||||||||||||||||||
Debt issuance costs, net | 11,031 | — | — | — | 11,031 | |||||||||||||||||||||||||||||||||||||
Deferred tax assets | 955 | (147 | ) | — | 808 | |||||||||||||||||||||||||||||||||||||
Net investment in subsidiaries | 1,165,274 | 24,277 | 1,601,038 | (2,790,589 | ) | — | ||||||||||||||||||||||||||||||||||||
Other | 55,212 | 31,601 | 324,941 | (400,924 | ) | 10,830 | ||||||||||||||||||||||||||||||||||||
TOTAL ASSETS | $ | 1,501,498 | $ | 617,572 | $ | 4,039,965 | $ | (3,191,513 | ) | $ | 2,967,522 | |||||||||||||||||||||||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||||||||||||||||||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||||||||||||||||||||||||
Accounts payable | $ | 2,209 | $ | 16,456 | $ | 30,986 | $ | — | $ | 49,651 | ||||||||||||||||||||||||||||||||
Accrued liabilities and other | 19,768 | 7,370 | 14,577 | (1,083 | ) | 40,632 | ||||||||||||||||||||||||||||||||||||
Debt | 5,334 | 5,637 | 334,873 | (334,279 | ) | 11,565 | ||||||||||||||||||||||||||||||||||||
Royalty obligations | — | 4,716 | 46,371 | — | 51,087 | |||||||||||||||||||||||||||||||||||||
Reclamation | — | — | 633 | 119 | 752 | |||||||||||||||||||||||||||||||||||||
Deferred tax liabilities | — | 847 | 1,011 | — | 1,858 | |||||||||||||||||||||||||||||||||||||
27,311 | 35,026 | 428,451 | (335,243 | ) | 155,545 | |||||||||||||||||||||||||||||||||||||
NON-CURRENT LIABILITIES | ||||||||||||||||||||||||||||||||||||||||||
Debt | 452,855 | 15,345 | 65,932 | (65,562 | ) | 468,570 | ||||||||||||||||||||||||||||||||||||
Royalty obligations | — | 18,941 | 39,564 | — | 58,505 | |||||||||||||||||||||||||||||||||||||
Reclamation | — | 47,467 | 12,409 | (119 | ) | 59,757 | ||||||||||||||||||||||||||||||||||||
Deferred tax liabilities | 31,595 | 1,618 | 507,019 | — | 540,232 | |||||||||||||||||||||||||||||||||||||
Other long-term liabilities | 2,901 | 518 | 24,861 | — | 28,280 | |||||||||||||||||||||||||||||||||||||
Intercompany payable (receivable) | (669,797 | ) | 437,030 | 232,767 | — | — | ||||||||||||||||||||||||||||||||||||
(182,446 | ) | 520,919 | 882,552 | (65,681 | ) | 1,155,344 | ||||||||||||||||||||||||||||||||||||
STOCKHOLDERS’ EQUITY | ||||||||||||||||||||||||||||||||||||||||||
Common stock | 1,034 | 250 | 123,167 | (123,417 | ) | 1,034 | ||||||||||||||||||||||||||||||||||||
Additional paid-in capital | 2,785,761 | 79,712 | 3,258,037 | (3,337,749 | ) | 2,785,761 | ||||||||||||||||||||||||||||||||||||
Accumulated deficit | (1,127,031 | ) | (15,226 | ) | (652,242 | ) | 667,468 | (1,127,031 | ) | |||||||||||||||||||||||||||||||||
Accumulated other comprehensive income (loss) | (3,131 | ) | (3,109 | ) | — | 3,109 | (3,131 | ) | ||||||||||||||||||||||||||||||||||
1,656,633 | 61,627 | 2,728,962 | (2,790,589 | ) | 1,656,633 | |||||||||||||||||||||||||||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 1,501,498 | $ | 617,572 | $ | 4,039,965 | $ | (3,191,513 | ) | $ | 2,967,522 | |||||||||||||||||||||||||||||||
Segment_Reporting_Details
Segment Reporting (Details) (USD $) | 3 Months Ended | 6 Months Ended | |||||||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | ||||
Financial information relating to reporting segments | ' | ' | ' | ' | ' | ||||
Total Revenue | $164,562 | $204,525 | $324,195 | $376,322 | ' | ||||
Costs applicable to sales | 118,687 | [1] | 142,386 | [1] | 225,583 | [1] | 230,444 | [1] | ' |
Amortization | 41,422 | 56,894 | 81,849 | 106,589 | ' | ||||
Exploration | 5,153 | 6,774 | 9,370 | 13,615 | ' | ||||
Loss Related to Litigation Settlement | 0 | 32,046 | 0 | 32,046 | ' | ||||
Interest and other income | -116 | 419 | -2,100 | 4,275 | ' | ||||
Interest expense, net | -12,310 | -10,930 | -25,365 | -20,662 | ' | ||||
Loss on termination of revolving credit facility | 0 | 0 | -3,035 | 0 | ' | ||||
Fair value adjustments, net | -8,282 | 66,754 | -19,717 | 84,550 | ' | ||||
Income tax benefit (expense) | -2,621 | -23,673 | 2,068 | -34,918 | ' | ||||
Net income (loss) | -43,121 | -35,040 | -80,312 | -22,770 | ' | ||||
Assets, Net | 2,571,728 | ' | 2,571,728 | ' | 2,595,408 | ||||
Capital expenditures | 15,356 | 27,201 | 27,292 | 40,028 | ' | ||||
Palmarejo [Member] | ' | ' | ' | ' | ' | ||||
Financial information relating to reporting segments | ' | ' | ' | ' | ' | ||||
Costs applicable to sales | 49,551 | 55,218 | 93,126 | 81,937 | ' | ||||
Amortization | 18,044 | 35,384 | 36,702 | 64,166 | ' | ||||
Exploration | 1,637 | 3,189 | 2,642 | 5,170 | ' | ||||
Loss Related to Litigation Settlement | ' | 0 | ' | 0 | ' | ||||
Other operating expenses | 325 | 173 | 622 | 341 | ' | ||||
Interest and other income | -1,202 | -428 | -2,772 | 1,514 | ' | ||||
Interest expense, net | -2,771 | -4,190 | -5,595 | -7,928 | ' | ||||
Fair value adjustments, net | -4,989 | 61,066 | -15,225 | 75,494 | ' | ||||
Income tax benefit (expense) | 1,342 | -17,282 | 5,171 | -20,816 | ' | ||||
Net income (loss) | -4,731 | 31,419 | -11,079 | 40,293 | ' | ||||
Assets, Net | 1,133,851 | [2] | 1,860,240 | [2] | 1,133,851 | [2] | 1,860,240 | [2] | ' |
Capital expenditures | 5,589 | [3] | 9,166 | [3] | 9,331 | [3] | 14,480 | [3] | ' |
San Bartolome [Member] | ' | ' | ' | ' | ' | ||||
Financial information relating to reporting segments | ' | ' | ' | ' | ' | ||||
Metal sales | ' | ' | 56,632 | 82,377 | ' | ||||
Royalties | ' | ' | 0 | 0 | ' | ||||
Costs applicable to sales | 20,695 | 32,815 | 39,595 | 48,494 | ' | ||||
Amortization | 4,855 | 4,824 | 9,313 | 9,464 | ' | ||||
Exploration | 57 | 27 | 82 | 79 | ' | ||||
Loss Related to Litigation Settlement | ' | 0 | ' | 0 | ' | ||||
Other operating expenses | 194 | 117 | 335 | 3,954 | ' | ||||
Interest and other income | 691 | 683 | 1,373 | 1,288 | ' | ||||
Interest expense, net | -11 | -14 | -31 | -46 | ' | ||||
Fair value adjustments, net | 0 | 0 | 0 | 0 | ' | ||||
Income tax benefit (expense) | -2,204 | -4,506 | -4,969 | -8,834 | ' | ||||
Net income (loss) | 1,753 | 7,616 | 3,680 | 12,794 | ' | ||||
Assets, Net | 309,565 | [2] | 286,325 | [2] | 309,565 | [2] | 286,325 | [2] | ' |
Capital expenditures | 1,711 | [3] | 3,159 | [3] | 3,152 | [3] | 3,616 | [3] | ' |
Kensington [Member] | ' | ' | ' | ' | ' | ||||
Financial information relating to reporting segments | ' | ' | ' | ' | ' | ||||
Metal sales | 29,018 | 30,851 | 65,079 | 70,126 | ' | ||||
Royalties | 0 | 0 | 0 | 0 | ' | ||||
Total Revenue | 29,018 | 30,851 | 65,079 | 70,126 | ' | ||||
Costs applicable to sales | 23,218 | 30,154 | 51,749 | 53,718 | ' | ||||
Amortization | 11,566 | 13,159 | 22,275 | 26,445 | ' | ||||
Exploration | 1,636 | 563 | 2,680 | 1,235 | ' | ||||
Loss Related to Litigation Settlement | ' | 0 | ' | 0 | ' | ||||
Other operating expenses | 199 | 236 | 390 | 412 | ' | ||||
Interest and other income | 4 | 150 | 4 | 281 | ' | ||||
Interest expense, net | -53 | -95 | -75 | -354 | ' | ||||
Fair value adjustments, net | 0 | 6,350 | 0 | 10,577 | ' | ||||
Income tax benefit (expense) | 0 | 0 | 0 | -1 | ' | ||||
Net income (loss) | -7,650 | -6,856 | -12,086 | -1,181 | ' | ||||
Assets, Net | 331,151 | [2] | 485,215 | [2] | 331,151 | [2] | 485,215 | [2] | ' |
Capital expenditures | 3,989 | [3] | 7,406 | [3] | 8,700 | [3] | 10,736 | [3] | ' |
Rochester [Member] | ' | ' | ' | ' | ' | ||||
Financial information relating to reporting segments | ' | ' | ' | ' | ' | ||||
Metal sales | 31,193 | 34,903 | 55,347 | 74,377 | ' | ||||
Royalties | 0 | 0 | 0 | 0 | ' | ||||
Total Revenue | 31,193 | 34,903 | 55,347 | 74,377 | ' | ||||
Costs applicable to sales | 24,381 | 22,516 | 39,089 | 43,293 | ' | ||||
Amortization | 5,025 | 1,989 | 9,476 | 3,842 | ' | ||||
Exploration | 738 | 512 | 1,912 | 996 | ' | ||||
Loss Related to Litigation Settlement | ' | 32,046 | ' | -32,046 | ' | ||||
Other operating expenses | 844 | 2,466 | 2,189 | 2,938 | ' | ||||
Interest and other income | 32 | 0 | 51 | 57 | ' | ||||
Interest expense, net | -261 | -5 | -266 | -11 | ' | ||||
Fair value adjustments, net | -1,837 | 0 | -2,510 | 0 | ' | ||||
Income tax benefit (expense) | -419 | -538 | -419 | -1,264 | ' | ||||
Net income (loss) | -2,280 | -25,169 | -463 | -9,956 | ' | ||||
Assets, Net | 206,665 | [2] | 122,917 | [2] | 206,665 | [2] | 122,917 | [2] | ' |
Capital expenditures | 3,956 | [3] | 6,596 | [3] | 4,915 | [3] | 9,894 | [3] | ' |
La Preciosa [Member] | ' | ' | ' | ' | ' | ||||
Financial information relating to reporting segments | ' | ' | ' | ' | ' | ||||
Metal sales | 0 | 0 | 0 | 0 | ' | ||||
Royalties | 0 | 0 | 0 | 0 | ' | ||||
Total Revenue | 0 | 0 | 0 | 0 | ' | ||||
Costs applicable to sales | 0 | 0 | 0 | 0 | ' | ||||
Amortization | 22 | 2 | 41 | 2 | ' | ||||
Exploration | 26 | 690 | 210 | 690 | ' | ||||
Loss Related to Litigation Settlement | ' | 0 | ' | 0 | ' | ||||
Other operating expenses | 5,711 | 0 | 10,668 | 0 | ' | ||||
Interest and other income | 118 | -11 | -17 | -11 | ' | ||||
Interest expense, net | 0 | 0 | 0 | 0 | ' | ||||
Fair value adjustments, net | 0 | 0 | 0 | 0 | ' | ||||
Income tax benefit (expense) | -1,159 | 0 | -1,271 | 0 | ' | ||||
Net income (loss) | -6,800 | -703 | -12,207 | -703 | ' | ||||
Assets, Net | 412,226 | [2] | 409,458 | [2] | 412,226 | [2] | 409,458 | [2] | ' |
Capital expenditures | 3 | [3] | 735 | [3] | 141 | [3] | 735 | [3] | ' |
Coeur Capital [Member] | ' | ' | ' | ' | ' | ||||
Financial information relating to reporting segments | ' | ' | ' | ' | ' | ||||
Metal sales | 1,971 | 3,479 | 4,860 | 6,461 | ' | ||||
Royalties | 856 | 0 | 1,843 | 0 | ' | ||||
Total Revenue | 2,827 | 3,479 | 6,703 | 6,461 | ' | ||||
Costs applicable to sales | 842 | 1,683 | 2,024 | 3,002 | ' | ||||
Amortization | 1,419 | 1,224 | 3,121 | 2,052 | ' | ||||
Exploration | 109 | 322 | 312 | 630 | ' | ||||
Loss Related to Litigation Settlement | ' | 0 | ' | 0 | ' | ||||
Other operating expenses | 263 | -191 | 504 | -245 | ' | ||||
Interest and other income | -964 | 91 | -3,512 | 138 | ' | ||||
Interest expense, net | 0 | 0 | 0 | 0 | ' | ||||
Fair value adjustments, net | 0 | 0 | 0 | 0 | ' | ||||
Income tax benefit (expense) | 263 | -191 | -25 | -245 | ' | ||||
Net income (loss) | -507 | 341 | -2,795 | 915 | ' | ||||
Assets, Net | 67,864 | [2] | 31,493 | [2] | 67,864 | [2] | 31,493 | [2] | ' |
Capital expenditures | 0 | 0 | 0 | 0 | ' | ||||
Other Mining Properties [Member] | ' | ' | ' | ' | ' | ||||
Financial information relating to reporting segments | ' | ' | ' | ' | ' | ||||
Metal sales | 0 | -161 | 0 | -662 | ' | ||||
Royalties | 0 | 0 | 0 | 0 | ' | ||||
Total Revenue | 0 | -161 | 0 | -662 | ' | ||||
Costs applicable to sales | 0 | 0 | 0 | 0 | ' | ||||
Amortization | 491 | 312 | 921 | 618 | ' | ||||
Exploration | 950 | 1,471 | 1,532 | 4,815 | ' | ||||
Loss Related to Litigation Settlement | ' | 0 | ' | 0 | ' | ||||
Other operating expenses | 10,622 | 14,042 | 24,361 | 25,016 | ' | ||||
Interest and other income | 271 | -17,258 | -749 | -16,219 | ' | ||||
Interest expense, net | -9,214 | -6,626 | -19,398 | -12,323 | ' | ||||
Fair value adjustments, net | -1,456 | -662 | -1,982 | -1,521 | ' | ||||
Income tax benefit (expense) | -444 | -1,156 | 3,581 | -3,758 | ' | ||||
Net income (loss) | -22,906 | -41,688 | -45,362 | -64,932 | ' | ||||
Assets, Net | 110,406 | 108,954 | 110,406 | 108,954 | ' | ||||
Capital expenditures | 108 | 139 | 1,053 | 567 | ' | ||||
Total [Member] | ' | ' | ' | ' | ' | ||||
Financial information relating to reporting segments | ' | ' | ' | ' | ' | ||||
Metal sales | 163,706 | 204,525 | 322,352 | 376,322 | ' | ||||
Royalties | 856 | 0 | 1,843 | 0 | ' | ||||
Total Revenue | 164,562 | 204,525 | 324,195 | ' | ' | ||||
Costs applicable to sales | ' | 142,386 | 225,583 | ' | ' | ||||
Amortization | ' | 56,894 | 81,849 | ' | ' | ||||
Exploration | 5,153 | 6,774 | ' | ' | ' | ||||
Loss Related to Litigation Settlement | ' | 32,046 | ' | ' | ' | ||||
Other operating expenses | 18,158 | 16,843 | 39,069 | 32,416 | ' | ||||
Interest and other income | -1,050 | -16,773 | -5,622 | -12,952 | ' | ||||
Interest expense, net | -12,310 | -10,930 | ' | ' | ' | ||||
Fair value adjustments, net | -8,282 | 66,754 | ' | ' | ' | ||||
Net income (loss) | -43,121 | -35,040 | ' | -22,770 | ' | ||||
Assets, Net | ' | 3,304,602 | [2] | ' | 3,304,602 | [2] | ' | ||
Capital expenditures | 15,356 | 27,201 | 27,292 | 40,028 | ' | ||||
Bolivia [Member] | ' | ' | ' | ' | ' | ||||
Financial information relating to reporting segments | ' | ' | ' | ' | ' | ||||
Metal sales | 29,078 | ' | ' | ' | ' | ||||
Royalties | 0 | ' | ' | ' | ' | ||||
Total Revenue | 29,078 | 49,236 | 56,632 | 82,377 | ' | ||||
Bolivia [Member] | San Bartolome [Member] | ' | ' | ' | ' | ' | ||||
Financial information relating to reporting segments | ' | ' | ' | ' | ' | ||||
Metal sales | ' | 49,236 | ' | ' | ' | ||||
Royalties | ' | 0 | ' | ' | ' | ||||
Total Revenue | ' | 49,236 | ' | 82,377 | ' | ||||
Mexico [Member] | ' | ' | ' | ' | ' | ||||
Financial information relating to reporting segments | ' | ' | ' | ' | ' | ||||
Total Revenue | 72,657 | 86,217 | 141,167 | 143,643 | ' | ||||
Mexico [Member] | Palmarejo [Member] | ' | ' | ' | ' | ' | ||||
Financial information relating to reporting segments | ' | ' | ' | ' | ' | ||||
Metal sales | 72,446 | 86,217 | 140,434 | 143,643 | ' | ||||
Royalties | 0 | 0 | 0 | 0 | ' | ||||
Total Revenue | $72,446 | $86,217 | $140,434 | $143,643 | ' | ||||
[1] | Excludes amortization. | ||||||||
[2] | Excludes amortization | ||||||||
[3] | Segment assets consist of receivables, prepaids, inventories, property, plant and equipment, and mineral interests |
Segment_Reporting_Details_1
Segment Reporting (Details 1) (USD $) | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||||
Segment Reporting [Abstract] | ' | ' | ' | ' | ' | ' |
Assets, Net | $2,571,728 | ' | $2,595,408 | ' | ' | ' |
Cash and cash equivalents | 269,133 | 272,932 | 206,690 | 249,531 | 331,311 | 125,440 |
Short term investments | 47,642 | ' | 0 | ' | ' | ' |
Other assets | 79,019 | ' | 83,880 | ' | ' | ' |
TOTAL ASSETS | $2,967,522 | ' | $2,885,978 | ' | ' | ' |
Segment_Reporting_Details_2
Segment Reporting (Details 2) (USD $) | 3 Months Ended | 6 Months Ended | |||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 |
Long Lived Assets | ' | ' | ' | ' | ' |
Entity Wide Disclosure on Geographic Areas Long Lived Assets in Entity's Country of Domicile and Foreign Countries | $2,211,454 | ' | $2,211,454 | ' | $2,237,774 |
Revenues | ' | ' | ' | ' | ' |
Total Revenue | 164,562 | 204,525 | 324,195 | 376,322 | ' |
United States [Member] | ' | ' | ' | ' | ' |
Long Lived Assets | ' | ' | ' | ' | ' |
Long Lived Assets in Entity's Country of Domicile | 387,617 | ' | 387,617 | ' | 384,626 |
Revenues | ' | ' | ' | ' | ' |
Total Revenue | 60,212 | 65,754 | 120,427 | 144,502 | ' |
Australia [Member] | ' | ' | ' | ' | ' |
Long Lived Assets | ' | ' | ' | ' | ' |
Long Lived Assets in Entity's Country of Domicile | 23,858 | ' | 23,858 | ' | 25,668 |
Revenues | ' | ' | ' | ' | ' |
Total Revenue | 1,971 | 3,479 | 4,860 | 6,462 | ' |
Argentina [Member] | ' | ' | ' | ' | ' |
Long Lived Assets | ' | ' | ' | ' | ' |
Long Lived Assets in Entity's Country of Domicile | 94,495 | ' | 94,495 | ' | 94,705 |
Bolivia [Member] | ' | ' | ' | ' | ' |
Long Lived Assets | ' | ' | ' | ' | ' |
Long Lived Assets in Entity's Country of Domicile | 228,606 | ' | 228,606 | ' | 235,085 |
Revenues | ' | ' | ' | ' | ' |
Total Revenue | 29,078 | 49,236 | 56,632 | 82,377 | ' |
Mexico [Member] | ' | ' | ' | ' | ' |
Long Lived Assets | ' | ' | ' | ' | ' |
Long Lived Assets in Entity's Country of Domicile | 1,461,228 | ' | 1,461,228 | ' | 1,487,228 |
Revenues | ' | ' | ' | ' | ' |
Total Revenue | 72,657 | 86,217 | 141,167 | 143,643 | ' |
Other Foreign Countries [Member] | ' | ' | ' | ' | ' |
Long Lived Assets | ' | ' | ' | ' | ' |
Long Lived Assets in Entity's Country of Domicile | 15,650 | ' | 15,650 | ' | 10,462 |
Revenues | ' | ' | ' | ' | ' |
Total Revenue | $644 | ($161) | $1,109 | ($662) | ' |
Reclamation_Details
Reclamation (Details) (USD $) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | |
Asset retirement obligation | ' | ' | ' | ' | ' |
Asset retirement obligation - Beginning | $58,460,000 | $35,197,000 | $57,454,000 | $34,457,000 | ' |
Accretion | 1,435,000 | 758,000 | 2,752,000 | 1,500,000 | ' |
Settlements | -100,000 | -377,000 | -411,000 | -379,000 | ' |
Asset retirement obligation - Ending | 59,795,000 | 35,578,000 | 59,795,000 | 35,578,000 | ' |
Reclamation and Mine Closure (Textual) [Abstract] | ' | ' | ' | ' | ' |
Accrued reclamation liabilities | $700,000 | ' | $700,000 | ' | $1,000,000 |
StockBased_Compensation_Detail
Stock-Based Compensation (Details) (USD $) | 6 Months Ended |
Jun. 30, 2014 | |
January 17, 2014 [Member] | Restricted Stock [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Restricted stock and Performance shares, grants in period (in shares) | 243,351 |
Granted date fair value of Restricted and Performance shares (in dollars per share) | $11.12 |
January 17, 2014 [Member] | Stock Options [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Stock options, grants in period (in shares) | 32,417 |
Granted date fair value of stock options (in dollars per share) | $4.39 |
January 17, 2014 [Member] | Performance Shares [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Restricted stock and Performance shares, grants in period (in shares) | 345,833 |
Granted date fair value of Restricted and Performance shares (in dollars per share) | $12.65 |
March 26, 2014 [Member] | Restricted Stock [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Restricted stock and Performance shares, grants in period (in shares) | 435,208 |
Granted date fair value of Restricted and Performance shares (in dollars per share) | $9.31 |
March 26, 2014 [Member] | Stock Options [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Stock options, grants in period (in shares) | 382,755 |
Granted date fair value of stock options (in dollars per share) | $3.74 |
March 26, 2014 [Member] | Performance Shares [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Restricted stock and Performance shares, grants in period (in shares) | 0 |
Granted date fair value of Restricted and Performance shares (in dollars per share) | $0 |
StockBased_Compensation_Detail1
Stock-Based Compensation (Details 1) (USD $) | 6 Months Ended |
Jun. 30, 2014 | |
Stock Options [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Number of exercised units (in shares) | 0 |
Weighted average exercised price (in dollars per share) | $0 |
Number of exercisable units (in shares) | 256,927 |
Weighted average exercisable price (in dollars price) | $28.91 |
Stock Appreciation Rights (SARs) [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Number of exercised units (in shares) | 0 |
Weighted average exercised price (in dollars per share) | $0 |
Number of exercisable units (in shares) | 50,209 |
Weighted average exercisable price (in dollars price) | $14.15 |
StockBased_Compensation_Detail2
Stock-Based Compensation (Details Textual) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Millions, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Unrecognized stock-based compensation cost | $11.80 | ' | $11.80 | ' |
Unrecognized stock-based compensation cost, weighted-average period recognized | '1 year 9 months 8 days | ' | ' | ' |
Annual Incentive Plan and Long Term Incentive Plan [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Compensation expense for stock based compensation awards | $2.40 | $1.60 | $5 | $2.70 |
Retirement_Savings_Plan_Detail
Retirement Savings Plan (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Millions, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Postemployment Benefits [Abstract] | ' | ' | ' | ' |
Percentage of employee compensation plus matching contribution | 100.00% | ' | ' | ' |
Percentage of maximum limit for employees to contribute their cash compensation | 75.00% | ' | ' | ' |
Percentage of employee contribution | 4.00% | ' | ' | ' |
Total plan expenses | $1.60 | $0.80 | $3 | $2.10 |
Income_and_Mining_Taxes_Detail
Income and Mining Taxes (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Income tax provision from continuing operations | ' | ' | ' | ' |
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest | ($40,500) | ($11,367) | ($82,380) | $12,148 |
Income tax provision from continuing operations | -2,621 | -23,673 | 2,068 | -34,918 |
United States - Alternative minimum tax [Member] | ' | ' | ' | ' |
Income Tax Examination [Line Items] | ' | ' | ' | ' |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | -31,370 | -67,824 | -60,214 | -61,896 |
Income tax provision from continuing operations | ' | ' | ' | ' |
Federal tax expense (benefit) | -146 | -1,329 | -292 | -4,541 |
Argentina [Member] | ' | ' | ' | ' |
Income tax provision from continuing operations | ' | ' | ' | ' |
Income (Loss) from Continuing Operations before Income Taxes, Foreign | -688 | -2,989 | -2,892 | -6,981 |
Foreign tax expense (benefit) | -349 | -117 | 4,083 | -44 |
Mexico [Member] | ' | ' | ' | ' |
Income tax provision from continuing operations | ' | ' | ' | ' |
Income (Loss) from Continuing Operations before Income Taxes, Foreign | -12,710 | 47,214 | -28,716 | 58,756 |
Foreign tax expense (benefit) | 107 | -15,798 | 3,828 | -19,471 |
Bolivia [Member] | ' | ' | ' | ' |
Income tax provision from continuing operations | ' | ' | ' | ' |
Income (Loss) from Continuing Operations before Income Taxes, Foreign | 3,957 | 12,122 | 8,649 | 21,628 |
Foreign tax expense (benefit) | -2,205 | -4,556 | -4,969 | -8,884 |
Other Countries [Member] | ' | ' | ' | ' |
Income tax provision from continuing operations | ' | ' | ' | ' |
Income (Loss) from Continuing Operations before Income Taxes, Foreign | 311 | 110 | 793 | 641 |
Foreign tax expense (benefit) | ($28) | ($1,873) | ($582) | ($1,978) |
Income_and_Mining_Taxes_Detail1
Income and Mining Taxes (Details Textual) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Income Taxes (Textual) [Abstract] | ' | ' | ' | ' |
Income tax expense (benefit) | $2,621 | $23,673 | ($2,068) | $34,918 |
Net_Income_Loss_Per_Share_Deta
Net Income (Loss) Per Share (Details) (USD $) | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | ||||||
In Thousands, except Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Convertible Senior Notes Due March 2028 [Member] | Convertible Senior Notes Due March 2028 [Member] | Stock Options [Member] | Stock Options [Member] | Stock Options [Member] | Stock Options [Member] | |||||
Earnings Per Share (Textual) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of shares of common stock equivalents related to convertible debt | ' | ' | ' | ' | ' | ' | 2,147,989 | 1,202,100 | 2,147,390 | 1,202,100 |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | ' | ' | 3.25% | 3.25% | ' | ' | ' | ' |
Basic EPS | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income (loss) available to common stockholders | ($43,121) | ($35,040) | ($80,312) | ($22,770) | ' | ' | ' | ' | ' | ' |
Weighted average shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basic (in shares) | 102,444,000 | 99,833,000 | 102,405,000 | 94,918,000 | ' | ' | ' | ' | ' | ' |
Effect of share based compensation plans (in shares) | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' |
Diluted (in shares) | 102,444,000 | 99,833,000 | 102,405,000 | 94,918,000 | ' | ' | ' | ' | ' | ' |
Income (loss) per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basic (in dollars per share) | ($0.42) | ($0.35) | ($0.78) | ($0.24) | ' | ' | ' | ' | ' | ' |
Diluted (in dollars per share) | ($0.42) | ($0.35) | ($0.78) | ($0.24) | ' | ' | ' | ' | ' | ' |
Fair_Value_Measurements_Detail
Fair Value Measurements (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Gain (Loss) on Derivative Instruments, Net, Pretax | ($8,282) | $66,754 | ($19,717) | $84,550 |
Embedded Derivative Financial Instruments [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Gain (Loss) on Derivative Instruments, Net, Pretax | -5,061 | 61,066 | -15,296 | 75,495 |
Rochester Royalty Obligation [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Gain (Loss) on Derivative Instruments, Net, Pretax | -1,837 | 0 | -2,510 | 0 |
Gold Put Purchase and Call Sold Options Net [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Gain (Loss) on Derivative Instruments, Net, Pretax | -1,374 | 6,350 | -2,868 | 10,577 |
Foreign Exchange Contract [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Gain (Loss) on Derivative Instruments, Net, Pretax | -10 | -662 | 957 | -1,522 |
Operating Segments [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Gain (Loss) on Derivative Instruments, Net, Pretax | ($8,282) | $66,754 | ' | ' |
Fair_Value_Measurements_Detail1
Fair Value Measurements (Details 1) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jan. 29, 2013 |
In Thousands, unless otherwise specified | |||
Assets: | ' | ' | ' |
Total assets | 62,941 | 14,656 | ' |
Liabilities: | ' | ' | ' |
Total liabilities | 67,907 | 63,559 | ' |
Royalty obligation embedded derivative [Member] | ' | ' | ' |
Liabilities: | ' | ' | ' |
Derivative fair value of derivative liability | ' | 40,338 | ' |
Rochester Royalty Obligation [Member] | ' | ' | ' |
Liabilities: | ' | ' | ' |
Derivative fair value of derivative liability | ' | 21,630 | ' |
Other Derivative Instrument [Member] | ' | ' | ' |
Assets: | ' | ' | ' |
Fair value of derivative asset | 240 | ' | ' |
Liabilities: | ' | ' | ' |
Derivative fair value of derivative liability | ' | 1,591 | ' |
Gold Put Purchase and Call Sold Options Net [Member] | ' | ' | ' |
Assets: | ' | ' | ' |
Fair value of derivative asset | 1,298 | ' | ' |
Liabilities: | ' | ' | ' |
Derivative fair value of derivative liability | 291 | ' | ' |
Short-term Deposit [Member] | ' | ' | ' |
Assets: | ' | ' | ' |
Short-term Deposits | 47,642 | 14,521 | ' |
Marketable securities [Member] | ' | ' | ' |
Assets: | ' | ' | ' |
Restricted certificates of deposits | 13,761 | 135 | ' |
Fair Value, Inputs, Level 1 [Member] | ' | ' | ' |
Assets: | ' | ' | ' |
Total assets | 61,403 | 14,521 | ' |
Liabilities: | ' | ' | ' |
Total liabilities | 0 | 0 | ' |
Fair Value, Inputs, Level 1 [Member] | Royalty obligation embedded derivative [Member] | ' | ' | ' |
Liabilities: | ' | ' | ' |
Derivative fair value of derivative liability | 0 | 0 | ' |
Fair Value, Inputs, Level 1 [Member] | Royalty Obligation [Member] | ' | ' | ' |
Liabilities: | ' | ' | ' |
Derivative fair value of derivative liability | 0 | ' | ' |
Fair Value, Inputs, Level 1 [Member] | Rochester Royalty Obligation [Member] | ' | ' | ' |
Liabilities: | ' | ' | ' |
Derivative fair value of derivative liability | ' | 0 | ' |
Fair Value, Inputs, Level 1 [Member] | Other Derivative Instrument [Member] | ' | ' | ' |
Assets: | ' | ' | ' |
Fair value of derivative asset | 0 | ' | ' |
Liabilities: | ' | ' | ' |
Derivative fair value of derivative liability | ' | 0 | ' |
Fair Value, Inputs, Level 1 [Member] | Gold Put Purchase and Call Sold Options Net [Member] | ' | ' | ' |
Assets: | ' | ' | ' |
Fair value of derivative asset | 0 | ' | ' |
Liabilities: | ' | ' | ' |
Derivative fair value of derivative liability | 0 | ' | ' |
Fair Value, Inputs, Level 1 [Member] | Short-term Deposit [Member] | ' | ' | ' |
Assets: | ' | ' | ' |
Short-term Deposits | 47,642 | 14,521 | ' |
Fair Value, Inputs, Level 1 [Member] | Marketable securities [Member] | ' | ' | ' |
Assets: | ' | ' | ' |
Restricted certificates of deposits | 13,761 | 0 | ' |
Fair Value, Inputs, Level 2 [Member] | ' | ' | ' |
Assets: | ' | ' | ' |
Total assets | 1,538 | 135 | ' |
Liabilities: | ' | ' | ' |
Total liabilities | 291 | 1,591 | ' |
Fair Value, Inputs, Level 2 [Member] | Royalty obligation embedded derivative [Member] | ' | ' | ' |
Liabilities: | ' | ' | ' |
Derivative fair value of derivative liability | 0 | 0 | ' |
Fair Value, Inputs, Level 2 [Member] | Royalty Obligation [Member] | ' | ' | ' |
Liabilities: | ' | ' | ' |
Derivative fair value of derivative liability | 0 | ' | ' |
Fair Value, Inputs, Level 2 [Member] | Rochester Royalty Obligation [Member] | ' | ' | ' |
Liabilities: | ' | ' | ' |
Derivative fair value of derivative liability | ' | 0 | ' |
Fair Value, Inputs, Level 2 [Member] | Other Derivative Instrument [Member] | ' | ' | ' |
Assets: | ' | ' | ' |
Fair value of derivative asset | 240 | ' | ' |
Liabilities: | ' | ' | ' |
Derivative fair value of derivative liability | ' | 1,591 | ' |
Fair Value, Inputs, Level 2 [Member] | Gold Put Purchase and Call Sold Options Net [Member] | ' | ' | ' |
Liabilities: | ' | ' | ' |
Derivative fair value of derivative liability | 291 | ' | ' |
Fair Value, Inputs, Level 2 [Member] | Short-term Deposit [Member] | ' | ' | ' |
Assets: | ' | ' | ' |
Short-term Deposits | 0 | 0 | ' |
Fair Value, Inputs, Level 2 [Member] | Marketable securities [Member] | ' | ' | ' |
Assets: | ' | ' | ' |
Restricted certificates of deposits | 0 | 135 | ' |
Fair Value, Inputs, Level 3 [Member] | ' | ' | ' |
Assets: | ' | ' | ' |
Total assets | 0 | 0 | ' |
Liabilities: | ' | ' | ' |
Total liabilities | 67,616 | 61,968 | ' |
Fair Value, Inputs, Level 3 [Member] | Royalty obligation embedded derivative [Member] | ' | ' | ' |
Liabilities: | ' | ' | ' |
Derivative fair value of derivative liability | 43,960 | 40,338 | ' |
Fair Value, Inputs, Level 3 [Member] | Royalty Obligation [Member] | ' | ' | ' |
Liabilities: | ' | ' | ' |
Derivative fair value of derivative liability | 23,656 | ' | ' |
Fair Value, Inputs, Level 3 [Member] | Rochester Royalty Obligation [Member] | ' | ' | ' |
Liabilities: | ' | ' | ' |
Derivative fair value of derivative liability | ' | 21,630 | ' |
Fair Value, Inputs, Level 3 [Member] | Other Derivative Instrument [Member] | ' | ' | ' |
Assets: | ' | ' | ' |
Fair value of derivative asset | 0 | ' | ' |
Liabilities: | ' | ' | ' |
Derivative fair value of derivative liability | ' | 0 | ' |
Fair Value, Inputs, Level 3 [Member] | Gold Put Purchase and Call Sold Options Net [Member] | ' | ' | ' |
Assets: | ' | ' | ' |
Fair value of derivative asset | 0 | ' | ' |
Liabilities: | ' | ' | ' |
Derivative fair value of derivative liability | 0 | ' | ' |
Fair Value, Inputs, Level 3 [Member] | Short-term Deposit [Member] | ' | ' | ' |
Assets: | ' | ' | ' |
Short-term Deposits | 0 | 0 | ' |
Fair Value, Inputs, Level 3 [Member] | Marketable securities [Member] | ' | ' | ' |
Assets: | ' | ' | ' |
Restricted certificates of deposits | 0 | 0 | ' |
Prepaid Expenses and Other Current Assets [Member] | ' | ' | ' |
Assets: | ' | ' | ' |
Fair value of derivative asset | 1,539 | 184 | ' |
Prepaid Expenses and Other Current Assets [Member] | Palmarejo gold production royalty [Member] | ' | ' | ' |
Assets: | ' | ' | ' |
Fair value of derivative asset | ' | ' | ' |
Prepaid Expenses and Other Current Assets [Member] | Gold Put Purchase and Call Sold Options Net [Member] | ' | ' | ' |
Assets: | ' | ' | ' |
Fair value of derivative asset | 1,298 | 135 | ' |
Palmarejo Royalty Obligation [Member] | Royalty obligation embedded derivative [Member] | ' | ' | ' |
Liabilities: | ' | ' | ' |
Derivative fair value of derivative liability | 43,960 | ' | ' |
Rochester Royalty Obligation [Member] | Royalty Obligation [Member] | ' | ' | ' |
Liabilities: | ' | ' | ' |
Derivative fair value of derivative liability | 23,656 | ' | ' |
Convertible Senior Notes Due March 2028 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 3.25% | 3.25% | ' |
Senior Notes due Two Thousand Twenty One [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 7.88% | 7.88% | 7.88% |
Fair_Value_Measurements_Detail2
Fair Value Measurements (Details 2) (USD $) | 3 Months Ended | 6 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2014 |
Palmarejo Royalty Obligation [Member] | ' | ' |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' |
Balance at the beginning of the period | $44,357 | $40,338 |
Revaluation | 5,061 | 15,296 |
Settlements | -5,458 | -11,674 |
Balance at the end of the period | 43,960 | 43,960 |
Rochester Royalty Obligation [Member] | ' | ' |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' |
Balance at the beginning of the period | 22,303 | 21,630 |
Revaluation | 1,837 | 2,510 |
Settlements | -484 | -484 |
Balance at the end of the period | $23,656 | $23,656 |
Fair_Value_Measurements_Detail3
Fair Value Measurements (Details 3) (Other Derivative Instrument [Member], USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Derivative fair value of derivative liability | $1,591 |
Fair Value, Inputs, Level 3 [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Derivative fair value of derivative liability | $0 |
Fair_Value_Measurements_Detail4
Fair Value Measurements (Details 4) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Debt | $468,570 | $306,130 |
Senior Notes due 2021 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Debt | 452,855 | 300,000 |
Portion at Other than Fair Value, Fair Value Disclosure [Member] | Convertible Senior Notes Due March 2028 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Convertible Debt, Fair Value Disclosures | 5,047 | 5,067 |
Portion at Other than Fair Value, Fair Value Disclosure [Member] | Convertible Senior Notes Due March 2028 [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Convertible Debt, Fair Value Disclosures | 0 | 5,067 |
Portion at Other than Fair Value, Fair Value Disclosure [Member] | Convertible Senior Notes Due March 2028 [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Convertible Debt, Fair Value Disclosures | 5,047 | 0 |
Portion at Other than Fair Value, Fair Value Disclosure [Member] | Convertible Senior Notes Due March 2028 [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Convertible Debt, Fair Value Disclosures | 0 | 0 |
Portion at Other than Fair Value, Fair Value Disclosure [Member] | Senior Notes due 2021 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Fair value of long-term debt | 455,625 | 307,314 |
Portion at Other than Fair Value, Fair Value Disclosure [Member] | Senior Notes due 2021 [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Fair value of long-term debt | 0 | 307,314 |
Portion at Other than Fair Value, Fair Value Disclosure [Member] | Senior Notes due 2021 [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Fair value of long-term debt | 455,625 | 0 |
Portion at Other than Fair Value, Fair Value Disclosure [Member] | Senior Notes due 2021 [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Fair value of long-term debt | 0 | 0 |
Portion at Other than Fair Value, Fair Value Disclosure [Member] | Palmarejo gold production royalty [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Financial Liabilities Not Measured at Fair Value | 51,252 | 65,212 |
Portion at Other than Fair Value, Fair Value Disclosure [Member] | Palmarejo gold production royalty [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Financial Liabilities Not Measured at Fair Value | 0 | 0 |
Portion at Other than Fair Value, Fair Value Disclosure [Member] | Palmarejo gold production royalty [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Financial Liabilities Not Measured at Fair Value | 0 | 0 |
Portion at Other than Fair Value, Fair Value Disclosure [Member] | Palmarejo gold production royalty [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Financial Liabilities Not Measured at Fair Value | 51,252 | 65,212 |
Reported Value Measurement [Member] | Convertible Senior Notes Due March 2028 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Convertible Debt, Fair Value Disclosures | 5,334 | 5,334 |
Reported Value Measurement [Member] | Senior Notes due 2021 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Fair value of long-term debt | ' | 300,000 |
Reported Value Measurement [Member] | Palmarejo gold production royalty [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Financial Liabilities Not Measured at Fair Value | $41,976 | $51,193 |
Fair_Value_Measurements_Detail5
Fair Value Measurements (Details Textual) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jan. 29, 2013 | Jun. 30, 2014 | Jun. 30, 2014 |
Convertible Senior Notes Due March 2028 [Member] | Convertible Senior Notes Due March 2028 [Member] | Senior Notes due 2021 [Member] | Senior Notes due 2021 [Member] | Senior Notes due 2021 [Member] | Palmarejo [Member] | Rochester [Member] | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Expected Royalty Duration | ' | ' | ' | ' | ' | '2.0 | '4.6 |
Debt Instrument, Interest Rate, Stated Percentage | 3.25% | 3.25% | 7.88% | 7.88% | 7.88% | ' | ' |
Derivative_Financial_Instrumen2
Derivative Financial Instruments (Details) | 3 Months Ended | 6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | |
USD ($) | USD ($) | USD ($) | USD ($) | Palmarejo gold production royalty [Member] | Palmarejo gold production royalty [Member] | Palmarejo gold production royalty [Member] | Palmarejo gold production royalty [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] | 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] | Gold Put Option [Member] | Gold Put Option [Member] | Gold Put Option [Member] | Gold Put Option [Member] | Silver put options purchased [Member] | Silver put options purchased [Member] | Silver put options purchased [Member] | Silver put options purchased [Member] | Silver Put Options Sold [Member] | Silver Put Options Sold [Member] | Silver Put Options Sold [Member] | Silver Put Options Sold [Member] | Forward foreign exchange contracts [Member] | Forward foreign exchange contracts [Member] | Mexico peso call options [Member] | Mexico peso call options [Member] | Mexico Peso Put Options [Member] | Mexico Peso Put Options [Member] | Line of Credit [Member] | |
2013 [Member] | 2014 [Member] | 2015 [Member] | Thereafter [Member] | 2014 [Member] | 2014 [Member] | 2015 [Member] | 2015 [Member] | Thereafter [Member] | Thereafter [Member] | 2014 [Member] | 2014 [Member] | 2015 [Member] | 2015 [Member] | Thereafter [Member] | Thereafter [Member] | 2013 [Member] | 2014 [Member] | 2015 [Member] | Thereafter [Member] | 2013 [Member] | 2014 [Member] | 2015 [Member] | Thereafter [Member] | 2013 [Member] | 2014 [Member] | 2015 [Member] | Thereafter [Member] | 2013 [Member] | 2014 [Member] | 2015 [Member] | Thereafter [Member] | 2013 [Member] | 2014 [Member] | 2015 [Member] | Thereafter [Member] | 2013 [Member] | 2014 [Member] | 2015 [Member] | Thereafter [Member] | Mexican peso forward purchase contracts [Member] | Mexican peso forward purchase contracts [Member] | 2013 [Member] | 2013 [Member] | 2013 [Member] | 2013 [Member] | Gold put options purchased [Member] | |||||
USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | 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 ($) | USD ($) | USD ($) | USD ($) | MXN | USD ($) | MXN | USD ($) | MXN | 2013 [Member] | |||||
oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | ||||||||||||||||||||||||
Derivative [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain (Loss) on Derivative Instruments, Net, Pretax | ($8,282,000) | $66,754,000 | ($19,717,000) | $84,550,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative instruments Settlement | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative, notional amount | ' | ' | ' | ' | 27,334,000 | 46,078,000 | 27,741,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,253,000 | 0 | 0 | 0 | 14,865,000 | 0 | 0 | 0 | 60,000,000 | 28,800,000 | 0 | 0 | 52,500,000 | 25,200,000 | 0 | 0 | 45,000,000 | 22,500,000 | 0 | 0 | 40,000,000 | 20,000,000 | 0 | 0 | 45,000,000 | ' | ' | ' | ' | ' | ' |
Derivative average gold price in excess of minimum contractual Deduction Rate | 408 | ' | 408 | ' | 913 | 919 | 920 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notional ounces | ' | ' | ' | ' | 29,920 | 50,153 | 30,168 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ' | 0 | 0 | 0 | ' | 0 | 0 | 0 | 50,000 | 24,000 | 0 | 0 | ' | ' | ' | ' | 2,500,000 | 1,250,000 | 0 | 0 | ' | ' | ' | ' | ' | ' | 289,800,000 | 289,800,000 | 344,310,000 | 344,310,000 | ' |
Foreign exchange contracts of MXP | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,000,000 | ' | 23,000,000 | ' | 23,000,000 | ' | ' |
Fair value of foreign exchange contracts | ' | ' | ' | ' | ' | ' | ' | ' | $0 | ' | $0 | ' | $0 | ' | $0 | ' | $0 | ' | $0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Average rate (MXP/$) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | 0 | ' | 0 | ' | 0 | ' | 0 | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14.8 | ' | 12.6 | ' | 14.97 | ' |
Derivative average price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19.99 | 0 | 0 | 0 | 1,286 | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding Provisionally Priced Sales Consists of Gold | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11,559 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding Provisionally Priced Sales Consists of Silver | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 162,724 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Average strike price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,200 | 0 | 0 | 1,050 | 1,050 | 0 | 0 | 18 | 18 | 0 | 0 | 16 | 16 | 0 | 0 | ' | ' | ' | ' | ' | ' | 1,200 |
Derivative_Financial_Instrumen3
Derivative Financial Instruments (Details 1) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Prepaid expenses and other [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Fair value of derivative asset | $1,539 | $184 |
Accrued liabilities and other [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative Liability, Fair Value | 292 | 1,640 |
Current portion of royalty obligation [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative Liability, Fair Value | 22,393 | 17,650 |
Non-current portion of royalty obligation [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative Liability, Fair Value | 21,567 | 22,688 |
Forward foreign exchange contracts [Member] | Prepaid expenses and other [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Fair value of derivative asset | 49 | 38 |
Forward foreign exchange contracts [Member] | Accrued liabilities and other [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative Liability, Fair Value | ' | 947 |
Forward foreign exchange contracts [Member] | Current portion of royalty obligation [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative Liability, Fair Value | ' | ' |
Forward foreign exchange contracts [Member] | Non-current portion of royalty obligation [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative Liability, Fair Value | ' | ' |
Palmarejo gold production royalty [Member] | Prepaid expenses and other [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Fair value of derivative asset | ' | ' |
Palmarejo gold production royalty [Member] | Accrued liabilities and other [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative Liability, Fair Value | ' | ' |
Palmarejo gold production royalty [Member] | Current portion of royalty obligation [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative Liability, Fair Value | 22,393 | 17,650 |
Palmarejo gold production royalty [Member] | Non-current portion of royalty obligation [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative Liability, Fair Value | 21,567 | 22,688 |
Put and call options, net [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Fair value of derivative asset | 1,298 | ' |
Derivative Liability, Fair Value | 291 | ' |
Put and call options, net [Member] | Prepaid expenses and other [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Fair value of derivative asset | 1,298 | 135 |
Put and call options, net [Member] | Accrued liabilities and other [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative Liability, Fair Value | 291 | ' |
Put and call options, net [Member] | Current portion of royalty obligation [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative Liability, Fair Value | ' | ' |
Put and call options, net [Member] | Non-current portion of royalty obligation [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative Liability, Fair Value | ' | ' |
Concentrate sales contracts [Member] | Prepaid expenses and other [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Fair value of derivative asset | 192 | 11 |
Concentrate sales contracts [Member] | Accrued liabilities and other [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative Liability, Fair Value | 1 | 693 |
Concentrate sales contracts [Member] | Current portion of royalty obligation [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative Liability, Fair Value | ' | ' |
Concentrate sales contracts [Member] | Non-current portion of royalty obligation [Member] | ' | ' |
Fair value of the derivative instruments | ' | ' |
Derivative Liability, Fair Value | ' | ' |
Mexican peso forward purchase contracts [Member] | Forward foreign exchange contracts [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Foreign exchange contracts of MXP | ' | $12,000 |
Derivative_Financial_Instrumen4
Derivative Financial Instruments (Details 2) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Fair value adjustments, net | ($8,282) | $66,754 | ($19,717) | $84,550 |
Fair value adjustments, net | -6,438 | 66,290 | -17,259 | 82,958 |
Mexican peso forward purchase contracts [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Fair value adjustments, net | -10 | -2,260 | 957 | -1,522 |
Concentrate Sales Contracts [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Sales of Metals | 7 | -667 | 872 | -2,422 |
Forward foreign exchange contract [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Costs applicable to sales | 0 | 203 | 924 | -830 |
Fair value adjustments, net | -10 | -662 | 957 | -1,522 |
Forward Contracts [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Fair value adjustments, net | 0 | 1,598 | 0 | 0 |
Palmarejo gold production royalty [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Fair value adjustments, net | -5,061 | 61,066 | -15,296 | 75,495 |
Gold Put Purchase and Call Sold Options Net [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Fair value adjustments, net | ($1,374) | $6,350 | ($2,868) | $10,577 |
Derivative_Financial_Instrumen5
Derivative Financial Instruments (Details Textual) | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Jun. 30, 2014 | Jan. 21, 2009 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | |
USD ($) | Put Option [Member] | Franco-Nevada warrant [Member] | 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] | 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] | Forward foreign exchange contracts [Member] | Concentrate Sales Contracts [Member] | Concentrate Sales Contracts [Member] | Concentrate Sales Contracts [Member] | Concentrate Sales Contracts [Member] | Gold Put Purchase and Call Sold Options Net [Member] | Commodity [Member] | Commodity [Member] | Commodity [Member] | Commodity [Member] | Kensington Term Facility [Member] | Kensington Term Facility [Member] | Kensington Term Facility [Member] | Maximum [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] | 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] | 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] | Derivative Instruments Settle in Year One [Member] | Derivative Financial Instruments, Assets [Member] | Derivative Financial Instruments, Assets [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 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 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 Thereafter [Member] | Derivative Instruments Settle Thereafter [Member] | Derivative Instruments Settle Thereafter [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] | Prepaid Expenses and Other Current Assets [Member] | Prepaid Expenses and Other Current Assets [Member] | ||
USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | oz | Mexican peso forward purchase contracts [Member] | Mexican peso forward purchase contracts [Member] | Mexican peso forward purchase contracts [Member] | Mexican peso forward purchase contracts [Member] | Mexican peso forward purchase contracts [Member] | Mexican peso forward purchase contracts [Member] | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | Put Option [Member] | Gold Put Option [Member] | Put Option on Silver [Member] | Palmarejo gold production royalty [Member] | Gold Put Option [Member] | Silver concentrate sales agreements [Member] | Gold concentrates sales agreements [Member] | Gold put options purchased [Member] | Silver put options purchased [Member] | Silver Put Options Sold [Member] | Mexico Peso Call Options [Member] | Mexico Peso Call Options [Member] | Mexico Peso Put Options [Member] | Mexico Peso Put Options [Member] | Kensington Term Facility [Member] | Kensington Term Facility [Member] | Kensington Term Facility [Member] | Gold put options purchased [Member] | Silver put options purchased [Member] | Gold Put Option [Member] | Silver concentrate sales agreements [Member] | Gold concentrates sales agreements [Member] | Mexico Peso Put Options [Member] | Gold put options purchased [Member] | Silver put options purchased [Member] | Silver Put Options Sold [Member] | Gold Put Option [Member] | Silver concentrate sales agreements [Member] | Gold concentrates sales agreements [Member] | Mexico Peso Put Options [Member] | Gold put options purchased [Member] | Silver put options purchased [Member] | Silver Put Options Sold [Member] | Gold Put Option [Member] | Silver concentrate sales agreements [Member] | Gold concentrates sales agreements [Member] | Mexico Peso Put Options [Member] | Gold put options purchased [Member] | Silver put options purchased [Member] | Silver Put Options Sold [Member] | USD ($) | USD ($) | Palmarejo gold production royalty [Member] | Palmarejo gold production royalty [Member] | Forward foreign exchange contracts [Member] | Forward foreign exchange contracts [Member] | Gold Put Purchase and Call Sold Options Net [Member] | Gold Put Purchase and Call Sold Options Net [Member] | |||||
USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | MXN | oz | Put Option [Member] | Put Option [Member] | oz | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | MXN | USD ($) | MXN | Gold put options purchased [Member] | Gold put options purchased [Member] | Silver put options purchased [Member] | oz | oz | USD ($) | USD ($) | USD ($) | MXN | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | MXN | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | MXN | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | ||||||||||||||||||||||
oz | oz | oz | oz | oz | oz | oz | oz | Put Option [Member] | Put Option [Member] | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | oz | |||||||||||||||||||||||||||||||||||||||||||
USD ($) | USD ($) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Additional Derivative Financial Instruments and Fair Value of Financial Instruments (Textual) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Life of Mine Production, Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value, Asian Put Options | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,000,000 | $100,000 |
Payment made for gold on the end of royalty obligation | ' | ' | ' | ' | ' | ' | ' | ' | 4,167 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Royalty Guarantees, Commitments, Ounces of Gold | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total gold remain outstanding | ' | ' | ' | ' | ' | ' | ' | ' | 110,240 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value Assumptions, Risk Free Interest Rate | 6.10% | 4.20% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value liability of the embedded derivative | ' | ' | ' | 44,000,000 | ' | 44,000,000 | ' | 40,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Company recognized Mark to Market loss | ' | ' | ' | -5,100,000 | ' | -15,300,000 | -75,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Company recognized Mark to Market gain | ' | ' | ' | ' | 61,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of Gold Production | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative Average Gold Price in Excess of Minimum Contractual Deduction Rate | 408 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Annual Inflation Compounding Adjustment | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Realized losses | ' | ' | ' | -5,500,000 | -8,100,000 | -11,700,000 | -17,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign exchange contracts of MXP | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 23,000,000 | ' | 23,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average exchange rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12.21 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average exchange rate of MXP | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14.8 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12.6 | ' | 14.97 | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value of foreign exchange contracts | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | 0 | ' | 900 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative, Average Exchange Rate Floor | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12.6 | 12.6 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative, Notional Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -45,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -52,500,000 | -3,253,000 | -14,865,000 | -60,000,000 | -45,000,000 | -40,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | -25,200,000 | 0 | 0 | ' | -28,800,000 | -22,500,000 | -20,000,000 | 0 | 0 | 0 | ' | 0 | 0 | 0 | 0 | 0 | 0 | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' |
Mark-to-market gains and (losses) on forward foreign exchange contract | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -200,000 | 900,000 | -800,000 | ' | ' | ' | ' | ' | ' | ' | 200,000 | 700,000 | 400,000 | 1,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative Liability, Fair Value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 291,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted Average Call Feature of Each Collar | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 18 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted Average Put Feature of Each Collar | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,200 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Contract expiration date | ' | ' | '3 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notional ounces | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50,000 | 2,500,000 | ' | 289,800,000 | 289,800,000 | 344,310,000 | 344,310,000 | ' | ' | ' | 74,000 | 3,750,000 | ' | 0 | 0 | 0 | 24,000 | 1,250,000 | ' | ' | 0 | 0 | 0 | 0 | 0 | ' | ' | 0 | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Average strike price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,050 | ' | ' | ' | 18 | 16 | ' | ' | ' | ' | 1,200 | ' | ' | ' | ' | 1,050 | ' | ' | ' | 1,200 | 18 | 16 | 0 | ' | ' | ' | 0 | 0 | 0 | 0 | ' | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' |
Unrealized gain (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -700,000 | 1,000,000 | -1,500,000 | ' | ' | ' | ' | ' | ' | ' | -1,400,000 | 6,400,000 | -2,900,000 | 10,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value of the contract | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,298,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,539,000 | 184,000 | ' | ' | 49,000 | 38,000 | 1,298,000 | 135,000 |
Outstanding Put Options of Gold | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25,000 | ' | ' | ' | 50,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 24,000 | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted Average Strike Price of Put Options | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,150 | 17 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 16 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding Put Options of Silver | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,250,000 | ' | ' | ' | ' | ' | ' | ' | ' | 2,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,250,000 | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' |
Sales of Metals | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $7,000 | ($667,000) | $872,000 | ($2,422,000) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative Financial Instruments and Fair Value of Financial Instruments (Textual) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding provisionally priced sales consists of silver | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 162,724 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding provisionally priced sales consists of Gold | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11,559 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative Average Price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19.99 | 1,286 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Acquisitions_Details
Acquisitions (Details) (USD $) | 0 Months Ended | 3 Months Ended | 6 Months Ended | |||
27-May-14 | Apr. 16, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' |
Shares Issued for Acquisition | ' | 11,572,918 | ' | ' | ' | ' |
Share Price for Acquisition | ' | $14,980 | ' | ' | ' | ' |
Business Acquisition, Effective Date of Acquisition | 27-May-14 | 16-Apr-13 | ' | ' | ' | ' |
Payments to Acquire Royalty Interests in Mining Properties | $2,200,000 | ' | $12,345,000 | $15,480,000 | $27,028,000 | $30,929,000 |
La Preciosa Net Smelter Royalty | 1.25% | ' | ' | ' | ' | ' |
Payments for Royalties | 1,800,000 | ' | ' | ' | ' | ' |
Business Acquisition, Date of Acquisition Agreement | 2-Sep-14 | ' | ' | ' | ' | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents | ' | 3,487,000 | ' | ' | ' | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets | ' | 635,000 | ' | ' | ' | ' |
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned | ' | 173,363,000 | ' | ' | ' | ' |
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable Fair Value Method | ' | '99059 | ' | ' | ' | ' |
Business Combination, Consideration Transferred, Other | ' | 5,777,000 | ' | ' | ' | ' |
Business Combination, Consideration Transferred, Fees and Expenses Paid | ' | 17,642,000 | ' | ' | ' | ' |
Business Combination, Consideration Transferred | ' | 295,841,000 | ' | ' | ' | ' |
Business Combination, Consideration Transferred, Liabilities Assumed, Current | ' | 2,616,000 | ' | ' | ' | ' |
Business Combination, Consideration Transferred, Deferred Income Taxes Assumed | ' | 114,339,000 | ' | ' | ' | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | ' | 116,955,000 | ' | ' | ' | ' |
Business Combination, Consideration Transferred, Cost of Acquired Entity | ' | 412,796,000 | ' | ' | ' | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Mineral Interests | ' | 408,352,000 | ' | ' | ' | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Assets | ' | 322,000 | ' | ' | ' | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | ' | $412,796,000 | ' | ' | ' | ' |
Warrants Issued for Acquisition | ' | 1,588,768 | ' | ' | ' | ' |
Warrant Price for Acquisition | ' | $3,640 | ' | ' | ' | ' |
Investments_Details
Investments (Details) (USD $) | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | |||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 |
Short-term Investments [Member] | Marketable securities [Member] | Marketable securities [Member] | |||||
Available-for-sale Securities | ' | ' | ' | ' | ' | ' | ' |
Cost | ' | ' | ' | ' | $47,661 | $17,649 | $13,972 |
Gross Unrealized Losses | ' | ' | ' | ' | -31 | -3,300 | -677 |
Gross Unrealized Gains | ' | ' | ' | ' | 12 | 172 | 466 |
Available-for-sale Securities, Estimated Fair Value | ' | ' | ' | ' | 47,642 | 14,521 | 13,761 |
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Unrealized Losses Total | ' | ' | ' | ' | -31 | -3,300 | -677 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Less than twelve Months, Unrealized Losses | ' | ' | ' | ' | -31 | ' | 0 |
Less than twelve Months, Fair Value | ' | ' | ' | ' | 29,090 | ' | 0 |
Twelve months or more, Unrealized Losses | ' | ' | ' | ' | 0 | ' | -677 |
Twelve months or more, Fair Value | ' | ' | ' | ' | 0 | ' | 1,399 |
Unrealized Losses | ' | ' | ' | ' | -31 | ' | -677 |
Fair Value | ' | ' | ' | ' | 29,090 | ' | 1,399 |
Investment in Marketable Securities (Textual) [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Unrealized gain (loss) on available for sale securities | -773 | -7,491 | -401 | -11,057 | ' | ' | ' |
Impairment of marketable securities | $934 | $17,192 | $3,522 | $17,227 | ' | ' | ' |
Receivables_Details
Receivables (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Receivables [Abstract] | ' | ' |
Allowance for Doubtful Accounts Receivable | ' | $0 |
Receivables - current portion | ' | ' |
Accounts receivable - trade | 7,467 | 17,303 |
Refundable income tax | 7,845 | 6,240 |
Refundable value added tax | 47,340 | 49,168 |
Accounts receivable - other | 6,041 | 8,363 |
Receivables, net current portion | 68,693 | 81,074 |
Receivables - non-current portion | ' | ' |
Refundable value added tax | $38,424 | $36,574 |
Metal_and_Other_Inventory_Deta
Metal and Other Inventory (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Inventories | ' | ' |
Concentrate and dore inventory | $19,151 | $14,855 |
Other Inventory, Net of Reserves | 52,630 | 52,250 |
Supplies | 65,863 | 64,918 |
Metal and other inventory | 137,644 | 132,023 |
Ore on Leach Pad, Current | 44,964 | 50,495 |
Ore on Leach Pad Non Current | 46,956 | 31,528 |
Inventory, Ore Stockpiles on Leach Pads, Gross | 91,920 | 82,023 |
Inventory and Ore on Leach Pads | $229,564 | $214,046 |
Property_Plant_and_Equipment_D
Property, Plant and Equipment (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Property, plant and equipment | ' | ' |
Land | $1,764 | $1,764 |
Building improvements | 872,575 | 855,318 |
Capitalized leases for machinery, equipment and buildings | 25,680 | 16,133 |
Property, plant and equipment, gross | 900,019 | 873,215 |
Accumulated depreciation and amortization | -429,904 | -395,520 |
Property Plant and Equipment Net before Construction in Progress | 470,115 | 477,695 |
Construction in Progress | 12,672 | 8,578 |
Property, plant and equipment, net | $482,787 | $486,273 |
Mining_Properties_Details
Mining Properties (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Mining Properties | ' | ' |
Operational mining properties: | $657,498 | $641,305 |
Accumulated depletion | -340,459 | -315,541 |
Operational mining properties, net | 317,039 | 325,764 |
Mineral interest | 1,760,834 | 1,753,129 |
Accumulated depletion | -349,206 | -327,392 |
Mineral interest, net | 1,411,628 | 1,425,737 |
Total mining properties | 1,728,667 | 1,751,501 |
Palmarejo [Member] | ' | ' |
Mining Properties | ' | ' |
Operational mining properties: | 158,631 | 151,845 |
Accumulated depletion | -116,097 | -110,143 |
Operational mining properties, net | 42,534 | 41,702 |
Mineral interest | 1,146,572 | 1,146,572 |
Accumulated depletion | -318,214 | -300,187 |
Mineral interest, net | 828,358 | 846,385 |
Total mining properties | 870,892 | 888,087 |
San Bartolome [Member] | ' | ' |
Mining Properties | ' | ' |
Operational mining properties: | 70,764 | 70,761 |
Accumulated depletion | -24,091 | -22,236 |
Operational mining properties, net | 46,673 | 48,525 |
Mineral interest | 26,643 | 26,643 |
Accumulated depletion | -9,434 | -8,759 |
Mineral interest, net | 17,209 | 17,884 |
Total mining properties | 63,882 | 66,409 |
Kensington [Member] | ' | ' |
Mining Properties | ' | ' |
Operational mining properties: | 275,660 | 268,351 |
Accumulated depletion | -92,162 | -80,032 |
Operational mining properties, net | 183,498 | 188,319 |
Mineral interest | 0 | 0 |
Accumulated depletion | 0 | 0 |
Mineral interest, net | 0 | 0 |
Total mining properties | 183,498 | 188,319 |
Rochester [Member] | ' | ' |
Mining Properties | ' | ' |
Operational mining properties: | 152,443 | 150,348 |
Accumulated depletion | -108,109 | -103,130 |
Operational mining properties, net | 44,334 | 47,218 |
Mineral interest | 0 | 0 |
Accumulated depletion | 0 | 0 |
Mineral interest, net | 0 | 0 |
Total mining properties | 44,334 | 47,218 |
Endeavor [Member] | ' | ' |
Mining Properties | ' | ' |
Operational mining properties: | 0 | 0 |
Accumulated depletion | 0 | 0 |
Operational mining properties, net | 0 | 0 |
Mineral interest | 408,352 | 408,352 |
Accumulated depletion | 0 | 0 |
Mineral interest, net | 408,352 | 408,352 |
Total mining properties | 408,352 | 408,352 |
Joaquin Project - Argentina [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 |
Other Mining Properties [Member] | ' | ' |
Mining Properties | ' | ' |
Operational mining properties: | 0 | 0 |
Accumulated depletion | 0 | 0 |
Operational mining properties, net | 0 | 0 |
Mineral interest | 85,838 | 78,133 |
Accumulated depletion | -21,558 | -18,446 |
Mineral interest, net | 64,280 | 59,687 |
Total mining properties | $64,280 | $59,687 |
Debt_Details
Debt (Details) (USD $) | 3 Months Ended | 6 Months Ended | |||||||||||||||||||||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Mar. 12, 2014 | Dec. 31, 2013 | Jan. 29, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Feb. 12, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | |
oz | oz | 3.25% Convertible Senior Notes due March 2028 [Member] | 3.25% Convertible Senior Notes due March 2028 [Member] | Senior Notes due 2021 [Member] | Senior Notes due 2021 [Member] | Senior Notes due 2021 [Member] | Senior Notes due 2021 [Member] | Palmarejo gold production royalty [Member] | Capital Lease Obligations [Member] | Capital Lease Obligations [Member] | Palmarejo gold production royalty [Member] | Maximum [Member] | Convertible Senior Notes Due March 2028 [Member] | Convertible Senior Notes Due March 2028 [Member] | Convertible Senior Notes Due March 2028 [Member] | Senior Notes due Two Thousand Twenty One [Member] | Senior Notes due Two Thousand Twenty One [Member] | Capital Lease Obligations [Member] | Capital Lease Obligations [Member] | ||||
oz | Palmarejo gold production royalty [Member] | ||||||||||||||||||||||
oz | |||||||||||||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Convertible, Carrying Amount of Equity Component | ' | ' | ' | ' | ' | $10,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Effective Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 30.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Royalty Guarantees, Commitments, Ounces of Gold | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 400,000 | ' | ' | ' | ' | ' | ' | ' |
Minimum Obligation Paid in Monthly Payments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,167 | ' | ' | ' | ' | ' | ' | ' | ' |
Annual Inflation Compounding Adjustment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of Actual Gold Production | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long term debt and capital lease obligations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current | 11,565,000 | ' | 11,565,000 | ' | 2,505,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 48,700,000 | 0 | 0 | 6,231,000 | 2,505,000 |
Debt Instrument, Face Amount | ' | ' | ' | ' | ' | 0 | 5,334,000 | 450,000,000 | 150,000,000 | ' | 300,000,000 | ' | ' | ' | ' | ' | 5,334,000 | ' | ' | ' | ' | ' | ' |
Non-current | 468,570,000 | ' | 468,570,000 | ' | 306,130,000 | ' | ' | 452,855,000 | ' | 300,000,000 | ' | ' | 15,715,000 | 796,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Payment of Royalty on Ounces of Gold | 289,760 | ' | 289,760 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Base Average Gold Price in Excess of Minimum Contractual Deduction Rate | 400 | ' | 400 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest expenses incurred for various debt instruments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest Paid on Senior Notes due 2021 | 8,859,000 | 5,906,000 | 15,323,000 | 10,041,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest Paid on Convertible Notes due 2028 | 43,000 | 43,000 | 86,000 | 380,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Commitment Fee Amount | 0 | 133,000 | 179,000 | 258,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Write off revolver costs, interest expense | 0 | ' | 3,035,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest Paid on Capital Leases | 333,000 | 98,000 | 392,000 | 266,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest Expense | 0 | 72,000 | 0 | 268,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accretion of Franco Nevada royalty obligation | 2,898,000 | 4,107,000 | 6,094,000 | 8,170,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amortization of debt issuance costs | 420,000 | 539,000 | 918,000 | 1,064,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accretion of debt discount | -108,000 | 0 | -144,000 | 576,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capitalized interest | -135,000 | 32,000 | -518,000 | -361,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total interest expense, net of capitalized interest | $12,310,000 | $10,930,000 | $25,365,000 | $20,662,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt_Details_Textual
Debt (Details Textual) (USD $) | 0 Months Ended | 3 Months Ended | 6 Months Ended | 6 Months Ended | |||||||||||||||||
27-May-14 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Mar. 12, 2014 | Dec. 31, 2013 | Jan. 29, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Feb. 12, 2013 | Jun. 30, 2014 | |
oz | oz | Convertible Senior Notes Due March 2028 [Member] | Convertible Senior Notes Due March 2028 [Member] | Senior Notes due Two Thousand Twenty One [Member] | Senior Notes due Two Thousand Twenty One [Member] | Senior Notes due Two Thousand Twenty One [Member] | Senior Notes due Two Thousand Twenty One [Member] | Banco Bisa Line of Credit [Member] | Banco de Credito Line of Credit [Member] | Palmarejo gold production royalty [Member] | Palmarejo gold production royalty [Member] | Palmarejo gold production royalty [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] | Palmarejo [Member] | |||||
oz | Maximum [Member] | ||||||||||||||||||||
oz | |||||||||||||||||||||
Debt and capital lease obligations (Textual) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest rate on notes | ' | ' | ' | ' | ' | ' | 3.25% | 3.25% | 7.88% | ' | 7.88% | 7.88% | ' | ' | ' | ' | ' | 3.25% | ' | ' | ' |
Debt Instrument, Face Amount | ' | ' | ' | ' | ' | ' | $0 | $5,334,000 | $450,000,000 | $150,000,000 | ' | $300,000,000 | ' | ' | ' | ' | ' | $5,334,000 | ' | ' | ' |
Debt | ' | 11,565,000 | ' | 11,565,000 | ' | 2,505,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 48,700,000 | ' |
Debt Instrument, Repurchased Face Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 43,300,000 | ' | ' | ' |
Interest Expense, Debt | ' | 0 | 72,000 | 0 | 268,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accretion of debt discount | ' | -108,000 | 0 | -144,000 | 576,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Effective interest rate on the notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 30.50% | ' | ' | ' | ' | ' | ' |
Borrowing under term facility | ' | 100,000,000 | ' | 100,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | 7,000,000 | 4,000,000 | ' | ' | ' | ' | ' | ' | ' |
Line of credit facility, increase, additional borrowings | ' | 50,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Write off revolver costs, interest expense | ' | 0 | ' | 3,035,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of credit facility, commitment fee amount | ' | 0 | 133,000 | 179,000 | 258,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Interest Rate at Period End | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.75% | 3.00% | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Amount Outstanding | ' | 0 | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loss on termination of revolving credit facility | ' | 0 | 0 | 3,035,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Royalty Guarantees, Commitments, Ounces of Gold | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 400,000 | ' | ' | ' | ' |
Percentage of Actual Gold Production | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Base Average Gold Price in Excess of Minimum Contractual Deduction Rate | ' | 400 | ' | 400 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Payment of Royalty on Ounces of Gold | ' | 289,760 | ' | 289,760 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Further Payment Made on Number of Additional Ounces of Gold | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 110,240 | ' | ' | ' | ' | ' |
Payments to Acquire Royalty Interests in Mining Properties | 2,200,000 | 12,345,000 | 15,480,000 | 27,028,000 | 30,929,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Expected Royalty Duration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '2.0 |
Additional Long term debt and capital lease obligations(Textual) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Implicit Interest Rate | ' | 30.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accretion of Royalty Obligation | ' | 2,898,000 | 4,107,000 | 6,094,000 | 8,170,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Remaining Minimum Obligation Under Royalty Agreements | ' | 42,000,000 | ' | 42,000,000 | ' | 51,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Expensed Interest | ' | 12,310,000 | 10,930,000 | 25,365,000 | 20,662,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capitalized interest | ' | -135,000 | 32,000 | -518,000 | -361,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Convertible, Carrying Amount of Equity Component | ' | ' | ' | ' | ' | ' | $10,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Supplemental_Guarantor_Informa2
Supplemental Guarantor Information Condensed Consolidated Statements of Comprehensive Income (Loss) (Details) (USD $) | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | ||||||||||||||||||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Mar. 12, 2014 | Dec. 31, 2013 | Jan. 29, 2013 | ||||
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 | Senior Notes due Two Thousand Twenty One [Member] | Senior Notes due Two Thousand Twenty One [Member] | Senior Notes due Two Thousand Twenty One [Member] | Senior Notes due Two Thousand Twenty One [Member] | |||||||||
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Debt Instrument, Face Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $450,000 | $150,000 | ' | $300,000 | ||||
Total Revenue | 164,562 | 204,525 | 324,195 | 376,322 | 0 | 0 | 0 | 0 | 60,748 | 65,754 | 121,248 | 144,502 | 103,814 | 138,771 | 202,947 | 231,820 | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ||||
Costs applicable to sales | 118,687 | [1] | 142,386 | [1] | 225,583 | [1] | 230,444 | [1] | 0 | 0 | 0 | 0 | 47,599 | 52,669 | 90,837 | 97,010 | 71,088 | 89,717 | 134,746 | 133,434 | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Amortization | 41,422 | 56,894 | 81,849 | 106,589 | 448 | 231 | 825 | 450 | 16,784 | 15,151 | 32,080 | 30,295 | 24,190 | 41,512 | 48,944 | 75,844 | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ||||
General and Administrative Expense | 9,398 | 15,026 | 23,294 | 25,253 | 9,716 | 12,617 | 22,768 | 22,354 | -163 | 1,375 | 3 | 1,542 | -155 | 1,034 | 523 | 1,357 | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ||||
Exploration Expense, Mining | 5,153 | 6,774 | 9,370 | 13,615 | 950 | 314 | 1,536 | 663 | 2,483 | 1,398 | 4,904 | 2,862 | 1,720 | 5,062 | 2,930 | 10,090 | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ||||
Loss Related to Litigation Settlement | 0 | 32,046 | 0 | 32,046 | ' | 0 | ' | 0 | ' | 32,046 | ' | 32,046 | ' | 0 | ' | 0 | ' | 0 | ' | 0 | ' | ' | ' | ' | ||||
Pre-development, reclamation, and other | 8,760 | 1,817 | 15,775 | 7,163 | 352 | 0 | 352 | 0 | 1,307 | 1,135 | 2,843 | 1,563 | 7,101 | 682 | 12,580 | 5,600 | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ||||
Total cost and expenses | 183,420 | 254,943 | 355,871 | 415,110 | 11,466 | 13,162 | 25,481 | 23,467 | 68,010 | 103,774 | 130,667 | 165,318 | 103,944 | 138,007 | 199,723 | 226,325 | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ||||
Loss on termination of revolving credit facility | 0 | 0 | -3,035 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Gain (Loss) on Derivative Instruments, Net, Pretax | -8,282 | 66,754 | -19,717 | 84,550 | -1,456 | -662 | -1,982 | -1,522 | -1,837 | 6,350 | -2,510 | 10,577 | -4,989 | 61,066 | -15,225 | 75,495 | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ||||
Marketable Securities, Gain (Loss), Excluding Other than Temporary Impairments | -934 | ' | -3,522 | ' | 0 | -17,192 | 0 | -17,227 | -934 | 0 | -3,522 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ||||
Impairment of marketable securities | 934 | 17,192 | 3,522 | 17,227 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Interest and other income | -116 | 419 | -2,100 | 4,275 | 1,075 | 1,309 | 1,915 | 2,208 | 12 | 241 | 58 | 475 | -507 | -247 | -2,720 | 3,316 | -696 | -884 | -1,353 | -1,724 | ' | ' | ' | ' | ||||
Interest expense, net | -12,310 | -10,930 | -25,365 | -20,662 | -9,215 | -6,623 | -19,398 | -12,320 | -314 | -100 | -340 | -364 | -3,477 | -5,091 | -6,980 | -9,702 | 696 | 884 | 1,353 | 1,724 | ' | ' | ' | ' | ||||
Nonoperating Income (Expense) | -21,642 | 39,051 | -50,704 | 50,936 | -9,596 | -23,168 | -19,465 | -28,861 | -3,073 | 6,491 | -6,314 | 10,688 | -8,973 | 55,728 | -24,925 | 69,109 | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ||||
Income before income taxes | -40,500 | -11,367 | -82,380 | 12,148 | -21,062 | -36,330 | -44,946 | -52,328 | -10,335 | -31,529 | -15,733 | -10,128 | -9,103 | 56,492 | -21,701 | 74,604 | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ||||
Income tax benefit (expense) | -2,621 | -23,673 | 2,068 | -34,918 | 273 | -824 | 127 | -3,310 | -419 | -730 | -419 | -1,510 | -2,475 | -22,119 | 2,360 | -30,098 | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | -43,121 | -35,040 | -80,312 | -22,770 | -20,789 | -37,154 | -44,819 | -55,638 | -10,754 | -32,259 | -16,152 | -11,638 | -11,578 | 34,373 | -19,341 | 44,506 | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ||||
Income (Loss) from Equity Method Investments | 0 | 0 | 0 | 0 | -22,332 | 2,114 | -35,493 | 32,868 | 121 | 0 | 299 | 0 | 0 | 0 | 0 | 0 | 22,211 | -2,114 | 35,194 | -32,868 | ' | ' | ' | ' | ||||
NET INCOME (LOSS) | -43,121 | -35,040 | -80,312 | -22,770 | -43,121 | -35,040 | -80,312 | -22,770 | -10,633 | -32,259 | -15,853 | -11,638 | -11,578 | 34,373 | -19,341 | 44,506 | 22,211 | -2,114 | 35,194 | -32,868 | ' | ' | ' | ' | ||||
Marketable Securities, Unrealized Gain (Loss) | ' | ' | ' | ' | -773 | -7,491 | ' | -11,057 | -847 | 0 | ' | 0 | 0 | 0 | ' | 0 | 847 | 0 | ' | 0 | ' | ' | ' | ' | ||||
Prior Period Reclassification Adjustment | ' | ' | ' | ' | 572 | 17,192 | ' | ' | 572 | 0 | ' | ' | 0 | 0 | ' | ' | -572 | 0 | ' | ' | ' | ' | ' | ' | ||||
Unrealized gain (loss) on available for sale securities | -773 | -7,491 | -401 | -11,057 | ' | ' | -401 | ' | ' | ' | -380 | ' | ' | ' | 0 | ' | ' | ' | 380 | ' | ' | ' | ' | ' | ||||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax | 17 | 0 | 17 | 0 | 17 | ' | 17 | -17,227 | 17 | ' | 17 | 0 | 0 | ' | 0 | 0 | -17 | ' | -17 | 0 | ' | ' | ' | ' | ||||
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI for Write-down of Securities, Net of Tax | 572 | 17,192 | 2,159 | 17,227 | ' | ' | 2,159 | ' | ' | ' | 2,159 | ' | ' | ' | 0 | ' | ' | ' | -2,159 | ' | ' | ' | ' | ' | ||||
Other comprehensive income (loss) | -184 | 9,701 | 1,775 | 6,170 | -184 | 9,701 | 1,775 | 6,170 | -258 | 0 | 1,796 | 0 | 0 | 0 | 0 | 0 | 258 | 0 | -1,796 | 0 | ' | ' | ' | ' | ||||
COMPREHENSIVE INCOME | ($43,305) | ($25,339) | ($78,537) | ($16,600) | ($43,305) | ($25,339) | ($78,537) | ($16,600) | ($10,891) | ($32,259) | ($14,057) | ($11,638) | ($11,578) | $34,373 | ($19,341) | $44,506 | $22,469 | ($2,114) | $33,398 | ($32,868) | ' | ' | ' | ' | ||||
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7.88% | ' | 7.88% | 7.88% | ||||
[1] | Excludes amortization. |
Supplemental_Guarantor_Informa3
Supplemental Guarantor Information Condensed Consolidated Statements of Cash Flows (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Payments to Acquire Businesses, Net of Cash Acquired | ($2,250) | ' | ' | ' |
Payments to Acquire Mineral Rights | -2,250 | -101,648 | -2,250 | -113,214 |
Net Cash Provided by (Used in) Operating Activities | 30,490 | 63,338 | 20,864 | 76,272 |
Capital expenditures | -15,356 | -27,201 | -27,292 | -40,028 |
Payments to Acquire Investments | -2,139 | -683 | -48,360 | -5,332 |
Payments for (Proceeds from) Investments | 800 | 1,522 | 890 | 6,344 |
Proceeds from Discontinued Operations Sale of Assets and Other | 12 | 254 | -13 | 1,209 |
Payments to Acquire Interest in Subsidiaries and Affiliates | 0 | 0 | 0 | 0 |
Net Cash Provided by (Used in) Investing Activities | -18,933 | -127,756 | -77,025 | -151,021 |
Issuance of notes and bank borrowings | 0 | 0 | 153,000 | 300,000 |
Repayments of Long-term Debt, Long-term Capital Lease Obligations, and Capital Securities | -2,851 | -1,857 | -6,962 | -57,197 |
Payments to Acquire Royalty Interests in Mining Properties | -12,345 | -15,480 | -27,028 | -30,929 |
Payments for Repurchase of Common Stock | 0 | 0 | 0 | -12,557 |
Proceeds From Repayment Intercompany Borrowings | 0 | 0 | 0 | 0 |
Proceeds from (Payments for) Other Financing Activities | -160 | -25 | -406 | -477 |
CASH USED IN FINANCING ACTIVITIES: | -15,356 | -17,362 | 118,604 | 198,840 |
Cash and Cash Equivalents, Period Increase (Decrease) | -3,799 | -81,780 | 62,443 | 124,091 |
Cash and Cash Equivalents, at Carrying Value | 269,133 | 249,531 | 269,133 | 249,531 |
Coeur Mining, Inc. | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Payments to Acquire Businesses, Net of Cash Acquired | 0 | -101,648 | 0 | -113,214 |
Net Cash Provided by (Used in) Operating Activities | -35,100 | -4,114 | -72,723 | 18,860 |
Capital expenditures | -106 | -129 | -1,051 | -557 |
Payments to Acquire Investments | -2,106 | 0 | -47,903 | -1,598 |
Payments for (Proceeds from) Investments | 217 | 1,498 | 307 | 2,873 |
Proceeds from Discontinued Operations Sale of Assets and Other | 0 | -18 | 0 | -6 |
Payments to Acquire Interest in Subsidiaries and Affiliates | 65,832 | -5,602 | 78,993 | -36,355 |
Net Cash Provided by (Used in) Investing Activities | 63,837 | -105,899 | 30,346 | -148,857 |
Issuance of notes and bank borrowings | ' | ' | 153,000 | 300,000 |
Repayments of Long-term Debt, Long-term Capital Lease Obligations, and Capital Securities | -403 | 0 | -3,599 | -52,565 |
Payments to Acquire Royalty Interests in Mining Properties | 0 | 0 | 0 | 0 |
Payments for Repurchase of Common Stock | ' | ' | ' | -12,557 |
Proceeds From Repayment Intercompany Borrowings | -20,555 | -11,666 | -32,030 | -4,311 |
Proceeds from (Payments for) Other Financing Activities | -160 | -25 | -406 | -477 |
CASH USED IN FINANCING ACTIVITIES: | -21,118 | -11,691 | 116,965 | 230,090 |
Cash and Cash Equivalents, Period Increase (Decrease) | 7,619 | -121,704 | 74,588 | 100,093 |
Cash and Cash Equivalents, at Carrying Value | 211,664 | 186,881 | 211,664 | 186,881 |
Guarantor Subsidiaries | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Payments to Acquire Businesses, Net of Cash Acquired | -2,250 | 0 | -2,250 | 0 |
Net Cash Provided by (Used in) Operating Activities | 4,210 | 3,768 | 9,142 | 20,659 |
Capital expenditures | -7,945 | -14,003 | -13,615 | -20,629 |
Payments to Acquire Investments | -33 | -23 | -457 | -39 |
Payments for (Proceeds from) Investments | 583 | 24 | 583 | 38 |
Proceeds from Discontinued Operations Sale of Assets and Other | 4 | 205 | 4 | 443 |
Payments to Acquire Interest in Subsidiaries and Affiliates | -121 | ' | -299 | 0 |
Net Cash Provided by (Used in) Investing Activities | -9,762 | -13,797 | -16,034 | -20,187 |
Issuance of notes and bank borrowings | ' | ' | 0 | 0 |
Repayments of Long-term Debt, Long-term Capital Lease Obligations, and Capital Securities | -2,131 | -715 | -2,543 | -1,955 |
Payments to Acquire Royalty Interests in Mining Properties | 0 | 0 | 0 | 0 |
Payments for Repurchase of Common Stock | ' | ' | ' | 0 |
Proceeds From Repayment Intercompany Borrowings | 7,828 | 11,183 | 9,343 | 1,806 |
Proceeds from (Payments for) Other Financing Activities | 0 | 0 | 0 | 0 |
CASH USED IN FINANCING ACTIVITIES: | 5,697 | 10,468 | 6,800 | -149 |
Cash and Cash Equivalents, Period Increase (Decrease) | 145 | 439 | -92 | 323 |
Cash and Cash Equivalents, at Carrying Value | 899 | 723 | 899 | 723 |
Non-Guarantor Subsidiaries | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Payments to Acquire Businesses, Net of Cash Acquired | 0 | 0 | 0 | 0 |
Net Cash Provided by (Used in) Operating Activities | 39,169 | 65,798 | 49,251 | 69,621 |
Capital expenditures | -7,305 | -13,069 | -12,626 | -18,842 |
Payments to Acquire Investments | 0 | -660 | 0 | -3,695 |
Payments for (Proceeds from) Investments | 0 | 0 | 0 | 3,433 |
Proceeds from Discontinued Operations Sale of Assets and Other | 8 | 67 | -17 | 772 |
Payments to Acquire Interest in Subsidiaries and Affiliates | 0 | 3,488 | 0 | 3,487 |
Net Cash Provided by (Used in) Investing Activities | -7,297 | -10,174 | -12,643 | -14,845 |
Issuance of notes and bank borrowings | ' | ' | 0 | 0 |
Repayments of Long-term Debt, Long-term Capital Lease Obligations, and Capital Securities | -317 | -1,142 | -820 | -2,677 |
Payments to Acquire Royalty Interests in Mining Properties | -12,345 | -15,480 | -27,028 | -30,929 |
Payments for Repurchase of Common Stock | ' | ' | ' | 0 |
Proceeds From Repayment Intercompany Borrowings | -30,773 | 483 | -20,813 | 2,505 |
Proceeds from (Payments for) Other Financing Activities | 0 | 0 | 0 | 0 |
CASH USED IN FINANCING ACTIVITIES: | -43,435 | -16,139 | -48,661 | -31,101 |
Cash and Cash Equivalents, Period Increase (Decrease) | -11,563 | 39,485 | -12,053 | 23,675 |
Cash and Cash Equivalents, at Carrying Value | 56,570 | 61,927 | 56,570 | 61,927 |
Eliminations | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Payments to Acquire Businesses, Net of Cash Acquired | 0 | 0 | 0 | 0 |
Net Cash Provided by (Used in) Operating Activities | 22,211 | -2,114 | 35,194 | -32,868 |
Capital expenditures | 0 | 0 | 0 | 0 |
Payments to Acquire Investments | 0 | 0 | 0 | 0 |
Payments for (Proceeds from) Investments | 0 | 0 | 0 | 0 |
Proceeds from Discontinued Operations Sale of Assets and Other | 0 | 0 | 0 | 0 |
Payments to Acquire Interest in Subsidiaries and Affiliates | -65,711 | 2,114 | -78,694 | 32,868 |
Net Cash Provided by (Used in) Investing Activities | -65,711 | 2,114 | -78,694 | 32,868 |
Issuance of notes and bank borrowings | ' | ' | 0 | 0 |
Repayments of Long-term Debt, Long-term Capital Lease Obligations, and Capital Securities | 0 | 0 | 0 | 0 |
Payments to Acquire Royalty Interests in Mining Properties | 0 | 0 | 0 | 0 |
Payments for Repurchase of Common Stock | ' | ' | ' | 0 |
Proceeds From Repayment Intercompany Borrowings | 43,500 | 0 | 43,500 | 0 |
Proceeds from (Payments for) Other Financing Activities | 0 | 0 | 0 | 0 |
CASH USED IN FINANCING ACTIVITIES: | 43,500 | 0 | 43,500 | 0 |
Cash and Cash Equivalents, Period Increase (Decrease) | 0 | 0 | 0 | 0 |
Cash and Cash Equivalents, at Carrying Value | $0 | $0 | $0 | $0 |
Supplemental_Guarantor_Informa4
Supplemental Guarantor Information Condensed Consolidated Balance Sheets (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jan. 29, 2013 |
In Thousands, unless otherwise specified | |||
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Cash and cash equivalents | $269,133 | $206,690 | ' |
Investments | 47,642 | 0 | ' |
Receivables | 68,693 | 81,074 | ' |
Ore on leach pads | 44,964 | 50,495 | ' |
Inventory | 137,644 | 132,023 | ' |
Deferred tax assets | 35,079 | 35,008 | ' |
Prepaid expenses and other | 23,593 | 25,940 | ' |
Assets, Current | 626,748 | 531,230 | ' |
Property, plant and equipment, net | 482,787 | 486,273 | ' |
Mining properties, net | 1,728,667 | 1,751,501 | ' |
Ore on leach pads | 46,956 | 31,528 | ' |
Restricted assets | 7,510 | 7,014 | ' |
Marketable securities | 13,761 | 14,521 | ' |
Receivables | 38,424 | 36,574 | ' |
Unamortized Debt Issuance Expense | 11,031 | 10,812 | ' |
Deferred tax assets | 808 | 1,189 | ' |
Other Assets, Noncurrent | 10,830 | 15,336 | ' |
TOTAL ASSETS | 2,967,522 | 2,885,978 | ' |
Accounts payable | 49,651 | 53,847 | ' |
Accrued liabilities and other | 40,632 | 38,266 | ' |
Debt | 11,565 | 2,505 | ' |
Royalty obligations | 51,087 | 48,019 | ' |
Reclamation | 752 | 913 | ' |
Deferred tax liabilities | 1,858 | 1,011 | ' |
Liabilities, Current | 155,545 | 144,561 | ' |
Debt | 468,570 | 306,130 | ' |
Royalty obligations | 58,505 | 65,142 | ' |
Reclamation | 59,757 | 57,515 | ' |
Deferred tax liabilities | 540,232 | 556,246 | ' |
Other long-term liabilities | 28,280 | 25,817 | ' |
Intercompany Payable Receivable | 0 | 0 | ' |
Non-current liabilities | 1,155,344 | 1,010,850 | ' |
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 0 | 0 | ' |
Common stock, par value $0.01 per share; authorized 150,000,000 shares, issued and outstanding 103,485,960 at June 30, 2014 and 102,843,003 at December 31, 2013 | 1,034 | 1,028 | ' |
Additional paid-in capital | 2,785,761 | 2,781,164 | ' |
Accumulated deficit | -1,127,031 | -1,046,719 | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax | -3,131 | -4,906 | ' |
Stockholders' Equity Attributable to Parent | 1,656,633 | 1,730,567 | ' |
Liabilities and Equity | 2,967,522 | 2,885,978 | ' |
Coeur Mining, Inc. | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Cash and cash equivalents | 211,664 | 137,076 | ' |
Investments | 47,642 | 0 | ' |
Receivables | 83 | 530 | ' |
Ore on leach pads | 0 | 0 | ' |
Inventory | 0 | 0 | ' |
Deferred tax assets | 0 | 0 | ' |
Prepaid expenses and other | 2,573 | 4,128 | ' |
Assets, Current | 261,962 | 141,734 | ' |
Property, plant and equipment, net | 6,234 | 5,980 | ' |
Mining properties, net | 0 | 0 | ' |
Ore on leach pads | 0 | 0 | ' |
Restricted assets | 830 | 830 | ' |
Marketable securities | 0 | 0 | ' |
Receivables | 0 | 0 | ' |
Unamortized Debt Issuance Expense | 11,031 | 10,812 | ' |
Deferred tax assets | 955 | 955 | ' |
Other Assets, Noncurrent | 55,212 | 53,858 | ' |
TOTAL ASSETS | 1,501,498 | 1,456,649 | ' |
Accounts payable | 2,209 | 1,963 | ' |
Accrued liabilities and other | 19,768 | 16,693 | ' |
Debt | 5,334 | 0 | ' |
Royalty obligations | 0 | 0 | ' |
Reclamation | 0 | 0 | ' |
Deferred tax liabilities | 0 | 0 | ' |
Liabilities, Current | 27,311 | 18,656 | ' |
Debt | 452,855 | 305,335 | ' |
Royalty obligations | 0 | 0 | ' |
Reclamation | 0 | 0 | ' |
Deferred tax liabilities | 31,595 | 37,095 | ' |
Other long-term liabilities | 2,901 | 2,467 | ' |
Intercompany Payable Receivable | -669,797 | -637,471 | ' |
Non-current liabilities | -182,446 | -292,574 | ' |
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 1,165,274 | 1,242,480 | ' |
Common stock, par value $0.01 per share; authorized 150,000,000 shares, issued and outstanding 103,485,960 at June 30, 2014 and 102,843,003 at December 31, 2013 | 1,034 | 1,028 | ' |
Additional paid-in capital | 2,785,761 | 2,781,164 | ' |
Accumulated deficit | -1,127,031 | -1,046,719 | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax | -3,131 | -4,906 | ' |
Stockholders' Equity Attributable to Parent | 1,656,633 | 1,730,567 | ' |
Liabilities and Equity | 1,501,498 | 1,456,649 | ' |
Guarantor Subsidiaries | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Cash and cash equivalents | 899 | 991 | ' |
Investments | ' | 0 | ' |
Receivables | 10,420 | 19,982 | ' |
Ore on leach pads | 44,964 | 50,495 | ' |
Inventory | 47,331 | 35,290 | ' |
Deferred tax assets | 0 | 0 | ' |
Prepaid expenses and other | 8,546 | 5,282 | ' |
Assets, Current | 112,160 | 112,040 | ' |
Property, plant and equipment, net | 153,551 | 143,118 | ' |
Mining properties, net | 235,216 | 235,537 | ' |
Ore on leach pads | 46,956 | 31,528 | ' |
Restricted assets | 50 | 50 | ' |
Marketable securities | 13,761 | 14,521 | ' |
Receivables | 0 | 0 | ' |
Unamortized Debt Issuance Expense | 0 | 0 | ' |
Deferred tax assets | ' | 0 | ' |
Other Assets, Noncurrent | 31,601 | 14,616 | ' |
TOTAL ASSETS | 617,572 | 597,625 | ' |
Accounts payable | 16,456 | 15,864 | ' |
Accrued liabilities and other | 7,370 | 8,016 | ' |
Debt | 5,637 | 1,262 | ' |
Royalty obligations | 4,716 | 3,934 | ' |
Reclamation | 0 | 0 | ' |
Deferred tax liabilities | 847 | 0 | ' |
Liabilities, Current | 35,026 | 29,076 | ' |
Debt | 15,345 | 255 | ' |
Royalty obligations | 18,941 | 17,696 | ' |
Reclamation | 47,467 | 45,894 | ' |
Deferred tax liabilities | 1,618 | 1,618 | ' |
Other long-term liabilities | 518 | 544 | ' |
Intercompany Payable Receivable | 437,030 | 427,085 | ' |
Non-current liabilities | 520,919 | 493,092 | ' |
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 24,277 | 46,215 | ' |
Common stock, par value $0.01 per share; authorized 150,000,000 shares, issued and outstanding 103,485,960 at June 30, 2014 and 102,843,003 at December 31, 2013 | 250 | 250 | ' |
Additional paid-in capital | 79,712 | 79,712 | ' |
Accumulated deficit | -15,226 | 401 | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax | -3,109 | -4,906 | ' |
Stockholders' Equity Attributable to Parent | 61,627 | 75,457 | ' |
Liabilities and Equity | 617,572 | 597,625 | ' |
Non-Guarantor Subsidiaries | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Cash and cash equivalents | 56,570 | 68,623 | ' |
Investments | ' | 0 | ' |
Receivables | 58,190 | 60,562 | ' |
Ore on leach pads | 0 | 0 | ' |
Inventory | 90,313 | 96,733 | ' |
Deferred tax assets | 35,079 | 35,008 | ' |
Prepaid expenses and other | 12,474 | 16,530 | ' |
Assets, Current | 252,626 | 277,456 | ' |
Property, plant and equipment, net | 323,002 | 337,175 | ' |
Mining properties, net | 1,493,451 | 1,515,964 | ' |
Ore on leach pads | 0 | 0 | ' |
Restricted assets | 6,630 | 6,134 | ' |
Marketable securities | 0 | 0 | ' |
Receivables | 38,424 | 36,574 | ' |
Unamortized Debt Issuance Expense | 0 | 0 | ' |
Deferred tax assets | -147 | 234 | ' |
Other Assets, Noncurrent | 324,941 | 320,425 | ' |
TOTAL ASSETS | 4,039,965 | 4,072,761 | ' |
Accounts payable | 30,986 | 36,020 | ' |
Accrued liabilities and other | 14,577 | 14,611 | ' |
Debt | 334,873 | 309,472 | ' |
Royalty obligations | 46,371 | 44,085 | ' |
Reclamation | 633 | 794 | ' |
Deferred tax liabilities | 1,011 | 1,011 | ' |
Liabilities, Current | 428,451 | 405,993 | ' |
Debt | 65,932 | 64,820 | ' |
Royalty obligations | 39,564 | 47,446 | ' |
Reclamation | 12,409 | 11,740 | ' |
Deferred tax liabilities | 507,019 | 517,533 | ' |
Other long-term liabilities | 24,861 | 22,806 | ' |
Intercompany Payable Receivable | 232,767 | 210,386 | ' |
Non-current liabilities | 882,552 | 874,731 | ' |
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 1,601,038 | 1,578,799 | ' |
Common stock, par value $0.01 per share; authorized 150,000,000 shares, issued and outstanding 103,485,960 at June 30, 2014 and 102,843,003 at December 31, 2013 | 123,167 | 122,666 | ' |
Additional paid-in capital | 3,258,037 | 3,258,037 | ' |
Accumulated deficit | -652,242 | -588,666 | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax | 0 | 0 | ' |
Stockholders' Equity Attributable to Parent | 2,728,962 | 2,792,037 | ' |
Liabilities and Equity | 4,039,965 | 4,072,761 | ' |
Eliminations | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Cash and cash equivalents | 0 | 0 | ' |
Investments | 0 | 0 | ' |
Receivables | 0 | 0 | ' |
Ore on leach pads | 0 | 0 | ' |
Inventory | 0 | 0 | ' |
Deferred tax assets | 0 | 0 | ' |
Prepaid expenses and other | 0 | 0 | ' |
Assets, Current | 0 | 0 | ' |
Property, plant and equipment, net | 0 | 0 | ' |
Mining properties, net | 0 | 0 | ' |
Ore on leach pads | 0 | 0 | ' |
Restricted assets | 0 | 0 | ' |
Marketable securities | 0 | 0 | ' |
Receivables | 0 | 0 | ' |
Unamortized Debt Issuance Expense | 0 | 0 | ' |
Deferred tax assets | 0 | 0 | ' |
Other Assets, Noncurrent | -400,924 | -373,563 | ' |
TOTAL ASSETS | -3,191,513 | -3,241,057 | ' |
Accounts payable | 0 | 0 | ' |
Accrued liabilities and other | -1,083 | -1,054 | ' |
Debt | -334,279 | -308,229 | ' |
Royalty obligations | 0 | 0 | ' |
Reclamation | 119 | 119 | ' |
Deferred tax liabilities | 0 | 0 | ' |
Liabilities, Current | -335,243 | -309,164 | ' |
Debt | -65,562 | -64,280 | ' |
Royalty obligations | 0 | 0 | ' |
Reclamation | -119 | -119 | ' |
Deferred tax liabilities | 0 | 0 | ' |
Other long-term liabilities | 0 | 0 | ' |
Intercompany Payable Receivable | 0 | 0 | ' |
Non-current liabilities | -65,681 | -64,399 | ' |
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | -2,790,589 | -2,867,494 | ' |
Common stock, par value $0.01 per share; authorized 150,000,000 shares, issued and outstanding 103,485,960 at June 30, 2014 and 102,843,003 at December 31, 2013 | -123,417 | -122,916 | ' |
Additional paid-in capital | -3,337,749 | -3,337,749 | ' |
Accumulated deficit | 667,468 | 588,265 | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax | 3,109 | 4,906 | ' |
Stockholders' Equity Attributable to Parent | -2,790,589 | -2,867,494 | ' |
Liabilities and Equity | -3,191,513 | -3,241,057 | ' |
Senior Notes due Two Thousand Twenty One [Member] | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Debt | $452,855 | $300,000 | ' |
Debt Instrument, Interest Rate, Stated Percentage | 7.88% | 7.88% | 7.88% |
Commitments_and_Contigencies_D
Commitments and Contigencies (Details Textual) (USD $) | 0 Months Ended | 3 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 0 Months Ended | 1 Months Ended | ||||||
Jan. 21, 2009 | Jun. 30, 2014 | Jun. 30, 2013 | Oct. 14, 2009 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2013 | Jul. 07, 1995 | Jun. 30, 2014 | Jul. 07, 1995 | Jul. 07, 1995 | Jun. 05, 2012 | Feb. 28, 2010 | |
oz | m | Rochester [Member] | Rochester [Member] | Rochester [Member] | Echo Bay [Member] | Kensington [Member] | Kensington [Member] | Coeur Alaska Inc [Member] | Hazardous Waste On-Site [Member] | Hazardous Waste On-Site [Member] | |||
oz | Callahan Mining Corporation [Member] | Callahan Mining Corporation [Member] | |||||||||||
defendant | |||||||||||||
Other Commitments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Litigation Settlement, Expense | ' | ' | $32,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
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% | ' | ' | ' | ' |
Maximum royalty payable | ' | ' | ' | ' | 250,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Gold price per ounce for maximum royalty range | ' | ' | ' | ' | 23.6 | ' | ' | ' | 475 | ' | ' | ' | ' |
Royalty expenses | ' | ' | ' | ' | 0 | 0 | 1,000,000 | ' | ' | ' | ' | ' | ' |
Litigation Settlement, Amount | ' | ' | 10,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,500,000 |
Number of defendants | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5 | ' |
Maximum Height for Temporary Restriction on Mining | ' | ' | ' | 4,400 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
NSR royalty percentage | ' | ' | 3.40% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
NSR royalty maximum amount | ' | ' | $39,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of labor agreements in South America | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of labor force covered by collective bargaining agreements | ' | 9.90% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
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 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |