Vista Gold (VGZ) 10-Q 8 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	5-May-15
Document and Entity Information [Abstract]
Entity Registrant Name	VISTA GOLD CORP
Entity Central Index Key	783324
Current Fiscal Year End Date	-19
Entity Filer Category	Smaller Reporting Company
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Mar-15
Entity Common Stock, Shares Outstanding		82,390,217
Trading Symbol	vgz

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Current assets:
Cash and cash equivalents	$8,660	$3,714
Marketable securities	84	137
Other investments (Note 3)	2,653	6,163
Other current assets	1,353	1,485
Total current assets	12,666	11,362
Non-current assets:
Mineral properties (Note 4)	3,870	5,406
Plant and equipment, net (Note 5)	2,655	2,842
Assets held for sale (Note 5)	6,500	6,500
Long-term deferred tax asset	730	1,916
Total non-current assets	13,755	16,664
Total assets	26,421	28,026
Current liabilities:
Accounts payable	544	457
Accrued liabilities and other	607	370
Current deferred tax liability	730	1,916
Total current liabilities	1,881	2,743
Total liabilities	1,881	2,743
Commitments and contingencies - (Note 9)
Shareholders' equity:
Common shares, no par value - unlimited shares authorized; shares outstanding: 2015 - 82,390,217 and 2014 - 82,390,217	404,912	404,912
Additional paid-in capital (Note 7)	33,399	33,171
Accumulated Other Comprehensive Income (Loss), before Tax	-13	11
Accumulated deficit	-413,758	-412,811
Total shareholders' equity	24,540	25,283
Total liabilities and shareholders' equity	$26,421	$28,026

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2015
Shareholders' equity:
Common Shares, par value	$0
Common Stock Shares Outstanding	82,390,217

Consolidated_Statements_Of_Inc

Consolidated Statements Of Income/(Loss) And Comprehensive Income/(Loss) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Operating income and (expenses):
Exploration, property evaluation and holding costs	($975)	($1,418)
Corporate administration	-1,044	-1,275
Depreciation and amortization	-191	-217
Gain on disposal of mineral property, net	1,958
Total operating expense	-252	-2,910
Non-operating income and (expenses):
Gain/(loss) on sale of marketable securities	12	13
Unrealized gain/(loss) on other investments (Note 4)	-390	2,054
Realized gain on other investments, net (Note 4)	-348	155
Interest income	1	4
Interest expense		-78
Other Nonoperating Income (Expense)	30	-378
Total non-operating income/(expense)	-695	1,770
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollinginterest	-947	-1,140
Net income/(loss)	-947	-1,140
Other comprehensive gain/(loss):
Unrealized fair value increase/(decrease) on available-for-sale securities	-24	53
Comprehensive income/(loss)	($971)	($1,087)
Basic:
Weighted average number of basic shares outstanding (in shares)	82,390,217	82,275,217
Net income/(loss) per share, Basic	($0.01)	($0.01)
Diluted:
Weighted average number of diluted shares outstanding (in shares)	82,390,217	82,275,217
Net income/(loss) per share, Diluted	($0.01)	($0.01)

Condensed_Consolidated_Stateme

Condensed Consolidated Statements Shareholders' Equity (USD $)	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Income/(Loss) [Member]	Total
Balances at Dec. 31, 2013	$404,470,000	$32,487,000	($393,885,000)	($59,000)	$43,013,000
Beginning Balance, shares at Dec. 31, 2013	82,275,217
Number of shares issued in transaction, (Shares)	115,000
Share-based Compensation	442,000	684,000			1,126,000
Other comprehensive loss				70,000	70,000
Net Income (loss)			-18,926,000		-18,926,000
Balances at Dec. 31, 2014	404,912,000	33,171,000	-412,811,000	11,000	25,283,000
Ending Balance, shares at Dec. 31, 2014	82,390,217
Share-based Compensation		228,000			228,000
Other comprehensive loss				-24,000	-24,000
Net Income (loss)			-947,000		-947,000
Balances at Mar. 31, 2015	$404,912,000	$33,399,000	($413,758,000)	($13,000)	$24,540,000
Ending Balance, shares at Mar. 31, 2015	82,390,217

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements Of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities:
Net loss	($947)	($1,140)
Adjustments to reconcile net loss for the period to net cash used in operations:
Depreciation and amortization	191	217
Stock-based compensation	228	414
Loss/(gain) on disposal of marketable securities	-12	-13
Gain on disposal of mineral property	-1,958
Unrealized loss on other investments	390	-2,054
Realized gain/(loss) on other investments, net	348	-155
Other non-cash items		-7
Change in working capital account items:
Other current assets	75	426
Accounts payable, accrued liabilities and other	324	41
Net cash used in operating activities	-1,361	-2,271
Cash flows from investing activities:
Proceeds from sale of marketable securities	41	29
Proceeds from sale of other investments, net	2,772	10,560
Additions to plant and equipment		-3
Proceeds from option agreement, net	3,494	50
Net cash (used in)/provided by investing activities	6,307	10,636
Cash flows from financing activities:
Repayment of debt		-6,344
Net cash provided by financing activities		-6,344
Net increase/(decrease) in cash and cash equivalents	4,946	2,021
Cash and cash equivalents, beginning of period	3,714	5,475
Cash and cash equivalents, end of period	$8,660	$7,496

Nature_of_Operations

Nature of Operations	3 Months Ended
	Mar. 31, 2015
Nature Of Operations And Basis Of Presentation [Abstract]
Nature Of Operations And Basis Of Presentation	1. Nature of Operations and Basis of Presentation
	Vista Gold Corp. and its subsidiaries (collectively, “Vista,” the “Company,” “we,” “our,” or “us”) operate in the gold mining industry. We are focused on the evaluation, acquisition, exploration and advancement of gold exploration and potential development projects, which may lead to gold production or value adding strategic transactions such as earn-in right agreements, option agreements, leases to third parties, joint venture arrangements with other mining companies, or outright sales of assets for cash and/or other consideration.  We look for opportunities to improve the value of our gold projects through exploration drilling and/or technical studies focused on optimizing previous engineering work.
	Our principal asset is our flagship Mt Todd gold project (“Mt Todd”) in Northern Territory (“NT”), Australia. We also hold 5.5% of the outstanding common shares in the capital of Midas Gold Corp. (“Midas Gold Shares”), non-core projects in Mexico and the United States, and royalty interests in projects in Bolivia and Indonesia.
	The interim Condensed Consolidated Financial Statements (“interim statements”) of the Company are unaudited. In the opinion of management, all adjustments and disclosures necessary for a fair presentation of these interim statements have been included. The results reported in these interim statements are not necessarily indicative of the results that may be reported for the entire year. These interim statements should be read in conjunction with the Company’s Consolidated Financial Statements for the year ended December 31, 2014 filed March 3, 2015 on Form 10-K. The year-end balance sheet data was derived from the audited financial statements and, in accordance with the instructions to Form 10-Q, certain information and footnote disclosures required by United States generally accepted accounting principles (“GAAP”) have been condensed or omitted.
	References to C$ refer to Canadian currency, A$ to Australian currency and $ to United States currency.

Liquidity

Liquidity	3 Months Ended
	Mar. 31, 2015
Nature Of Operations And Basis Of Presentation [Abstract]
Liquidity
	2. Liquidity
	These interim condensed consolidated financial statements have been prepared on a going concern basis under which an entity is considered to be able to realize its assets and satisfy its liabilities in the normal course of business. The continuing long-term viability of the Company is dependent upon our ability to secure sufficient funding and ultimately to generate future profits from operations.  The underlying value and recoverability of the amounts shown as mineral properties and plant and equipment in the condensed consolidated balance sheets are also dependent on our ability to continue to fund exploration and development activities that could lead to profitable production or proceeds from the disposition of these assets.  There can be no assurance that we will be successful in disposing of these assets, securing additional funding on terms acceptable to us or at all, or developing profitable operations in the future. These consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded assets or liabilities which might be necessary should we not be able to continue as a going concern.

Other_Investments

Other Investments	3 Months Ended
	Mar. 31, 2015
Other Investments [Abstract]
Other Investments	3. Other Investments
	Midas Gold Corp. Shares
	In April 2011, Vista completed a combination with Midas Gold, Inc. (the “Combination”), creating Midas Gold Corp., whereby Vista was issued 30,402,615 Midas Gold Shares. Concurrently with the Combination, we purchased 1,400,000 Midas Gold Shares for an aggregate purchase price of $3,632 as part of a private placement. Following completion of these transactions, Vista held a total of 31,802,615 Midas Gold Shares representing 24.9% of the Midas Gold Shares outstanding as of December 31, 2013.
	During February 2014, we sold 16,000,000 Midas Gold Shares at a price of C$0.80 ($0.73) per Midas Gold Share, for net proceeds of $10,560, reducing the total Midas Gold Shares we owned to 15,802,615 or approximately 11.2% of the Midas Gold Shares outstanding, on a non-dilutive basis, at that time. This sale resulted in a realized gain on other investments of $155 based on the realized value at the time of the sale compared to the fair value of the Midas Gold Shares at December 31, 2013, net of costs to sell.
	During March 2015, we sold 8,000,000 Midas Gold Shares, at a price of C$0.46 ($0.36) per Midas Gold Share, for net proceeds of $2,772, reducing the total Midas Gold Shares we own to 7,802,615 or approximately 5.5% of the Midas Gold Shares outstanding, on a non-dilutive basis. This sale resulted in a realized loss on other investments of $348 based on the realized value at the time of the sale compared to the fair value of the Midas Gold Shares at December 31, 2014, net of costs to sell. We also entered into a lock-up agreement whereby we agreed not to sell any of our remaining Midas Gold Shares for a period of six months.
	Upon initial recognition of its investment in the Midas Gold Shares, Vista elected to apply the fair value option, and as such, the investment is recorded at fair value in the Condensed Consolidated Balance Sheets. Subsequent changes in fair value are recorded in the Condensed Consolidated Statements of Income/(Loss) and Comprehensive Income/(Loss) in the period in which they occur.
	The following table summarizes our investment in Midas Gold Shares as at March 31, 2015 and December 31, 2014.
			31-Mar-15		31-Dec-14
	Fair value at beginning of period	$	6,163	$	20,990
	Sale of Midas Gold Shares, net of costs to sell		-2,772		-10,560
	Realized and unrealized loss during the period		-738		-4,267
	Fair value at end of period	$	2,653	$	6,163
	Estimated tax benefit/(expense) for the period	$	122	$	1,478
	Midas Gold Shares held at the end of the period		7,802,615		15,802,615

Mineral_Properties

Mineral Properties	3 Months Ended
	Mar. 31, 2015
Mineral Properties [Abstract]
Mineral Properties	4. Mineral Properties
			At March 31, 2015		At December 31, 2014
	Mt Todd, Australia	$	2,146	$	2,146
	Guadalupe de los Reyes, Mexico		1,724		2,224
	Los Cardones, Mexico		-		1,036
		$	3,870	$	5,406
	Proceeds received less costs associated with the transactions discussed below are applied to the capitalized cost basis of the respective project until the cost basis is depleted to zero. At that point, net proceeds received will be recorded as gain on disposal of mineral properties in the condensed consolidated statement of income/loss.
	Guadalupe de los Reyes Gold/Silver Project, Sinaloa, Mexico
	During April 2014, Minera Gold Stake S.A. de C.V. (“MGS”), Vista’s wholly-owned subsidiary, entered into a definitive option agreement with MGS (the “Option Agreement”) to option its interest in the Guadalupe de los Reyes gold/silver project in Sinaloa, Mexico to Cangold Limited (“Cangold”) for consideration of $5,000 in payments over a three-year period, with payments totaling $1,000 in the first year (already received, of which $500 was received in March 2015 ), $1,500 in January 2016 and $2,500 in January 2017.
	The Option Agreement provides that all cash payments are non-refundable and optional to Cangold, and in the event Cangold fails to pay any of the required amounts on the scheduled dates or fails to comply with its other obligations, the Option Agreement will terminate and Cangold will have no interest in the Guadalupe de los Reyes gold/silver project. Provided it is not in breach of the Option Agreement, Cangold may at its discretion advance the above payment schedule and exercise the initial option for a 70% interest in the Guadalupe de los Reyes gold/silver project any time during the three-year period.
	Subject to Cangold earning a 70% interest in the Guadalupe de los Reyes gold/silver project, MGS has granted Cangold the option to earn the remaining 30% interest in the Guadalupe de los Reyes gold/silver project by notifying MGS of a production decision no later than the tenth anniversary of exercising the first option and by making a cash payment to MGS of $3,000 plus an additional cash payment based on a formula that includes the growth, if any, in estimated measured and indicated mineral resources of the Guadalupe de los Reyes gold/silver project, and the then prevailing spot gold price (“Escalator Payment”).
	Should Cangold determine not to put the Guadalupe de los Reyes gold/silver project into production, the Option Agreement provides MGS with the right to buy back Cangold’s 70% interest in the Guadalupe de los Reyes gold/silver project for a cash payment of $5,000 plus the Escalator Payment described above.  If MGS does not exercise its buyback option, MGS will still retain a right of first refusal should Cangold elect to sell its 70% interest in the Guadalupe de los Reyes gold/silver project to a third party.
	Los Cardones
	In October 2013, we sold our 100% debt and equity participation in the Los Cardones gold project located in Baja California Sur, Mexico (“Los Cardones Sale”) to Invecture Group, S.A. de C.V. (“Invecture”) and RPG Structured Finance S.a.r.l. (together the “Purchasers”) for a total of $13,000 ($7,000 of which was paid in October 2013 and $6,000 of which was originally payable January 2014 (the “Subsequent Payment”) subject to the Purchasers’ option to elect to not make the Subsequent Payment.  In 2014, the due date for the Subsequent Payment was extended to January 30, 2015 for additional consideration of $500.    In October 2014, Invecture announced that the Los Cardones gold project had been suspended because the conditions for its development were not favorable at that time, which introduced substantial doubt that the Subsequent Payment would be made.  After making this announcement, there were no apparent significant favorable changes to incentivize Invecture to lift the suspension. In January 2015, we agreed to amend the payment terms (the “Amendment”) of the Los Cardones Sale. Under the Amendment, the Company received a payment of $3,000 cash from the Purchasers as the final payment for 100% of the Company’s interest in the project.  This resulted in a realized gain of $1,958.

Plant_And_Equipment

Plant And Equipment	3 Months Ended
	Mar. 31, 2015
Plant And Equipment [Abstract]
Plant And Equipment
	5. Plant and Equipment
			31-Mar-15						31-Dec-14
			Cost		Accumulated depreciation		Net		Cost		Accumulated depreciation		Net
	Mt Todd, Australia	$	5,475	$	2,912	$	2,563	$	5,483	$	2,756	$	2,727
	Guadalupe de los Reyes, Mexico		17		8		9		17		8		9
	Corporate, United States		403		320		83		403		297		106
		$	5,895	$	3,240	$	2,655	$	5,903	$	3,061	$	2,842
			31-Mar-15						31-Dec-14
			Book value beginning of period		Write-downs during the period		Book value end of period		Book value beginning of period		Write-downs during the period		Book value end of period
	Assets held for sale (mill equipment)	$	6,500	$	-	$	6,500	$	6,500	$	-	$	6,500

Additional_PaidIn_Capital

Additional Paid-In Capital	3 Months Ended
	Mar. 31, 2015
Additional Paid-In Capital [Abstract]
Additional Paid-In Capital	6. Additional Paid-in Capital
	Warrants
	Warrant activity is summarized in the following table:
			Warrants outstanding		Weighted average exercise price per share		Weighted average remaining life (yrs.)		Intrinsic value
	As of December 31, 2014		15,219,802	$	5.00		0.8	$	-
	As of March 31, 2015		15,219,802	$	5.00		0.6	$	-
	The 15,219,802 warrants outstanding expire in October 2015.
	Stock-Based Compensation
	Under our Stock Option Plan (the “Plan”) and our Long-Term Equity Incentive Plan (the “LTIP”), we may grant options and/or restricted stock units (“RSUs”) or restricted stock awards to our directors, officers, employees and consultants.  The combined maximum number of our Common Shares that may be reserved for issuance under the Plan and the LTIP is a variable number equal to 10% of the issued and outstanding Common Shares on a non-diluted basis.    Options and RSUs under the Plan and LTIP, respectively, are granted from time to time at the discretion of the Board of Directors of the Company (“Board”), with vesting periods and other terms as determined by the Board.  Stock-based compensation expense for the three months ended March 31, 2015 and 2014 is as follows:
			Three months ended March 31,
			2015			2014
	Stock options	$	2		$	104
	Restricted stock units		226			310
		$	228		$	414
	As of March 31, 2015, stock options and RSUs had unrecognized compensation expense of $25 and $673, respectively, which is expected to be recognized over a weighted average period of 3.75 and 1.25 years, respectively.
	Stock Options
	A summary of option activity under the Plan as of March 31, 2015 and changes during the period then ended is set forth in the following table:
			Number of options		Weighted average exercise price per option		Weighted average remaining contractual term		Aggregate intrinsic value
	Outstanding - December 31, 2014		2,257,500	$	1.60		3.02	$	-
	Outstanding - March 31, 2015		2,257,500	$	1.60		2.78	$	-
	Exercisable - March 31, 2015		2,011,250	$	1.75		2.66	$	-
	A summary of our unvested stock options as of March 31, 2015 and changes during the period then ended is set forth in the following table:
							Number of options		Weighted average grant-date fair value per option	Weighted average remaining amortization period (Years)
	Unvested - December 31, 2014						246,250	$	0.22	3.99
	Unvested - March 31, 2015						246,250	$	0.22	3.75
	Restricted Stock Units
	The following table summarizes the RSU activity under the LTIP as of March 31, 2015 and changes during the years then ended:
			Number of units		Weighted average grant-date fair value per unit
	Unvested - December 31, 2014		3,692,829	$	0.74
	Unvested - March 31, 2015		3,692,829	$	0.74
	A portion of the RSU awards vest on a fixed future date provided the recipient continues to be affiliated with Vista on that date.  Other RSU awards vest subject to certain performance and market criteria, including the accomplishment of certain corporate objectives and the Company’s share price performance.  The vesting period for RSUs is at least one year.  The average forfeiture is approximately 29%, based on historical market conditions.

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Income/(Loss)	3 Months Ended
	Mar. 31, 2015
Accumulated Other Comprehensive Income [Abstract]
Accumulated Other Comprehensive Income
	7. Accumulated Other Comprehensive Income/(Loss)
			Accumulated		Accumulated
			other comprehensive		other comprehensive
			income (loss)		income (loss), net of tax
	As of December 31, 2014	$	11	$	10
	Other comprehensive loss due to change in fair market value of marketable securities during period before reclassifications		-12		-10
	Reclassifications due to realization of gain on sale of marketable securities (1)		-12		-10
	As of March 31, 2015	$	-13	$	-10
		-1		Reclassified to gain/(loss) on sale of marketable securities on the Condensed Consolidated Statement of Income/(Loss) and Comprehensive Income/(Loss).

Commitments_And_Contingencies

Commitments And Contingencies	3 Months Ended
	Mar. 31, 2015
Commitments And Contingencies [Abstract]
Commitments And Contingencies	8. Commitments and Contingencies
	Our exploration and development activities are subject to various laws and regulations governing the protection of the environment. These laws and regulations are continually changing and are generally becoming more restrictive. As such, the future expenditures that may be required for compliance with these laws and regulations cannot be predicted. We conduct our operations to minimize effects on the environment and believe our operations are in compliance with applicable laws and regulations in all material respects. The Company has accrued $275 with respect to loss contingencies related to a contract dispute that has not yet been resolved. See Note 11 for subsequent final settlement discussion.
	Under our agreement with the Jawoyn Association Aboriginal Corporation (the  “JAAC”), we must offer the JAAC the opportunity to establish a joint venture with Vista holding 90% and the JAAC holding a 10% participating interest in Mt Todd mining licenses. In addition, the JAAC will be entitled to an annual cash payment, or payment in kind, equal to 1% of the value of the annual gold production from the current mining licenses, and a 1% NSR royalty on other metals, subject to a minimum payment of A$50 per year.

Fair_Value_Accounting

Fair Value Accounting	3 Months Ended
	Mar. 31, 2015
Fair Value [Abstract]
Fair Value Accounting	9.  Fair Value Accounting
	The following table sets forth the Company’s assets measured at fair value by level within the fair value hierarchy. As required by accounting guidance, assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.
				Fair value at March 31, 2015
				Total		Level 1		Level 3
	Assets:
		Cash equivalents	$	7,500	$	7,500	$	-
		Marketable securities		84		84		-
		Other investments (Midas Gold Shares)		2,653		2,653		-
		Mill equipment, held for sale		6,500		-		6,500
				Fair value at December 31, 2014
				Total		Level 1		Level 3
	Assets:
		Marketable securities	$	137	$	137	$	-
		Other investments (Midas Gold Shares)		6,163		6,163		-
		Mill equipment, held for sale		6,500		-		6,500
	Our cash equivalent instruments, marketable securities and investment in Midas Gold Shares are classified as Level 1 of the fair value hierarchy as they are valued at quoted market prices in an active market.
	The mill equipment is classified as Level 3 of the fair value hierarchy as its value is based on a third party assessment of the projected sale value less costs to sell giving full consideration to current market conditions and an orderly sale process. The mill equipment is categorized as assets held for sale on the Condensed Consolidated Balance Sheets.
	At March 31, 2015, the assets classified within Level 3 of the fair value hierarchy represent 39% of the total assets measured at fair value. There have been no transfers between levels in 2015 nor have there been any changes in valuation techniques.

Geographic_And_Segment_informa

Geographic And Segment information	3 Months Ended
	Mar. 31, 2015
Geographic And Segment information [Abstract]
Geographic And Segment Information	10. Geographic and Segment Information
	The Company has one reportable operating segment, consisting of evaluation, acquisition, and exploration activities.  We evaluate, acquire, explore and advance gold exploration and potential development projects, which may lead to gold production or value adding strategic transactions.  These activities are focused principally in Australia and North America. We reported no revenues during the three months ended March 31, 2015 and 2014.  Geographic location of mineral properties and plant and equipment is provided in Notes 4 and 5, respectively.

Subsequent_Events

Subsequent Events	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	11. Subsequent Event
	During May 2015, we settled a contract dispute for $295 net of GST recoveries for which we had accrued $275 as of March 31, 2015.

Other_Investments_Tables

Other Investments (Tables)	3 Months Ended
	Mar. 31, 2015
Other Investments [Abstract]
Schedule Of Summarizes Of Investment
			31-Mar-15		31-Dec-14
	Fair value at beginning of period	$	6,163	$	20,990
	Sale of Midas Gold Shares, net of costs to sell		-2,772		-10,560
	Realized and unrealized loss during the period		-738		-4,267
	Fair value at end of period	$	2,653	$	6,163
	Estimated tax benefit/(expense) for the period	$	122	$	1,478
	Midas Gold Shares held at the end of the period		7,802,615		15,802,615

Mineral_Properties_Tables

Mineral Properties (Tables)	3 Months Ended
	Mar. 31, 2015
Mineral Properties [Abstract]
Schedule Of Business Acquisitions By Acquisition
			At March 31, 2015		At December 31, 2014
	Mt Todd, Australia	$	2,146	$	2,146
	Guadalupe de los Reyes, Mexico		1,724		2,224
	Los Cardones, Mexico		-		1,036
		$	3,870	$	5,406

Plant_And_Equipment_Tables

Plant And Equipment (Tables)	3 Months Ended
	Mar. 31, 2015
Plant And Equipment [Abstract]
Schedule Of Plant And Equipment
			31-Mar-15						31-Dec-14
			Cost		Accumulated depreciation		Net		Cost		Accumulated depreciation		Net
	Mt Todd, Australia	$	5,475	$	2,912	$	2,563	$	5,483	$	2,756	$	2,727
	Guadalupe de los Reyes, Mexico		17		8		9		17		8		9
	Corporate, United States		403		320		83		403		297		106
		$	5,895	$	3,240	$	2,655	$	5,903	$	3,061	$	2,842
			31-Mar-15						31-Dec-14
			Book value beginning of period		Write-downs during the period		Book value end of period		Book value beginning of period		Write-downs during the period		Book value end of period
	Assets held for sale (mill equipment)	$	6,500	$	-	$	6,500	$	6,500	$	-	$	6,500

Additional_PaidIn_Capital_Tabl

Additional Paid-In Capital (Tables)	3 Months Ended
	Mar. 31, 2015
Additional Paid-In Capital [Abstract]
Schedule Of Additional Paid-In Capital
Summary Of Warrant Activity
			Warrants outstanding		Weighted average exercise price per share		Weighted average remaining life (yrs.)		Intrinsic value
	As of December 31, 2014		15,219,802	$	5.00		0.8	$	-
	As of March 31, 2015		15,219,802	$	5.00		0.6	$	-
Summary Of The Fair Value Of All Awards issued Under Stock Compensation Plans
			Three months ended March 31,
			2015			2014
	Stock options	$	2		$	104
	Restricted stock units		226			310
		$	228		$	414
Summary Of Option Activity
			Number of options		Weighted average exercise price per option		Weighted average remaining contractual term		Aggregate intrinsic value
	Outstanding - December 31, 2014		2,257,500	$	1.60		3.02	$	-
	Outstanding - March 31, 2015		2,257,500	$	1.60		2.78	$	-
	Exercisable - March 31, 2015		2,011,250	$	1.75		2.66	$	-
Summary Of The Status Of Unvested Stock Options
							Number of options		Weighted average grant-date fair value per option	Weighted average remaining amortization period (Years)
	Unvested - December 31, 2014						246,250	$	0.22	3.99
	Unvested - March 31, 2015						246,250	$	0.22	3.75
Summary Of Restricted Stock Units Activity
			Number of units		Weighted average grant-date fair value per unit
	Unvested - December 31, 2014		3,692,829	$	0.74
	Unvested - March 31, 2015		3,692,829	$	0.74

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2015
Accumulated Other Comprehensive Income [Abstract]
Reconciliation Of Amounts Contained In Accumulated Other Comprehensive Income
			Accumulated		Accumulated
			other comprehensive		other comprehensive
			income (loss)		income (loss), net of tax
	As of December 31, 2014	$	11	$	10
	Other comprehensive loss due to change in fair market value of marketable securities during period before reclassifications		-12		-10
	Reclassifications due to realization of gain on sale of marketable securities (1)		-12		-10
	As of March 31, 2015	$	-13	$	-10
	Reclassified to gain/(loss) on sale of marketable securities on the Condensed Consolidated Statement of Income/(Loss) and Comprehensive Income/(Loss)

Fair_Value_Accounting_Tables

Fair Value Accounting (Tables)	3 Months Ended
	Mar. 31, 2015
Fair Value Accounting [Abstract]
Financial Instruments Table
				Fair value at March 31, 2015
				Total		Level 1		Level 3
	Assets:
		Cash equivalents	$	7,500	$	7,500	$	-
		Marketable securities		84		84		-
		Other investments (Midas Gold Shares)		2,653		2,653		-
		Mill equipment, held for sale		6,500		-		6,500
				Fair value at December 31, 2014
				Total		Level 1		Level 3
	Assets:
		Marketable securities	$	137	$	137	$	-
		Other investments (Midas Gold Shares)		6,163		6,163		-
		Mill equipment, held for sale		6,500		-		6,500
Financial Instruments Table
				Fair value at March 31, 2015
				Total		Level 1		Level 3
	Assets:
		Cash equivalents	$	7,500	$	7,500	$	-
		Marketable securities		84		84		-
		Other investments (Midas Gold Shares)		2,653		2,653		-
		Mill equipment, held for sale		6,500		-		6,500
				Fair value at December 31, 2014
				Total		Level 1		Level 3
	Assets:
		Marketable securities	$	137	$	137	$	-
		Other investments (Midas Gold Shares)		6,163		6,163		-
		Mill equipment, held for sale		6,500		-		6,500
Fair Value Accounting
				Fair value at March 31, 2015
				Total		Level 1		Level 3
	Assets:
		Cash equivalents	$	7,500	$	7,500	$	-
		Marketable securities		84		84		-
		Other investments (Midas Gold Shares)		2,653		2,653		-
		Mill equipment, held for sale		6,500		-		6,500
				Fair value at December 31, 2014
				Total		Level 1		Level 3
	Assets:
		Marketable securities	$	137	$	137	$	-
		Other investments (Midas Gold Shares)		6,163		6,163		-
		Mill equipment, held for sale		6,500		-		6,500

Nature_of_Operations_Details

Nature of Operations (Details) (Midas Gold Shares [Member])	Mar. 31, 2015
Midas Gold Shares [Member]
Holding percentage	5.50%

Other_Investments_Narrative_De

Other Investments (Narrative) (Details)

3 Months Ended

12 Months Ended

1 Months Ended

1 Months Ended

In Thousands, except Share data, unless otherwise specified

Mar. 31, 2015

Mar. 31, 2014

Dec. 31, 2014

Dec. 31, 2013

Feb. 28, 2014

Feb. 28, 2014

Mar. 31, 2015

Feb. 28, 2014

Apr. 30, 2011

Mar. 31, 2015

Dec. 31, 2014

Apr. 30, 2011

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

CAD

Midas Gold Corp [Member]

Midas Gold Corp [Member]

Midas Gold Corp [Member]

Midas Gold Corp [Member]

Midas Gold Corp [Member]

Midas Gold Corp [Member]

USD ($)

USD ($)

CAD

Private Placement [Member]

USD ($)

Subsidiary, Sale of Stock [Line Items]

Number of shares issued in transaction, (Shares)

30,402,615

Number of shares acquired (in shares)

1,400,000

Aggregate purchase price

$3,632

ProceedsFromSaleOfInvestmentProjects

2,772

10,560

CommonStockSharesIssued

8,000,000

16,000,000

Gain (Loss) on Sale of Investments

-348

155

155

348

Common stock, shares held (in shares)

82,390,217

82,390,217

31,802,615

Total Midas Common Stock Outstanding (in shares)

7,802,615

15,802,615

Percentage of basic shares of subsidiary held

11.20%

24.90%

5.50%

Common Stock Shares Outstanding

82,390,217

82,390,217

31,802,615

Total Midas Common Stock Outstanding (in shares)

7,802,615

15,802,615

Fair value at beginning of period

6,163

Fair value at end of period

$2,653

$6,163

Sale of Stock, Price Per Share

($0.73)

0.8

($0.36)

0.46

Other_Investments_Summarizes_O

Other Investments (Summarizes Our Investment) (Details) (USD $)	3 Months Ended		12 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Sale of Midas Gold Shares, net of costs to sell	($2,772)	($10,560)
Midas Gold shares held at the end of the period	82,390,217		82,390,217
Midas Gold Shares [Member]
Fair value at beginning of period	6,163	20,990	20,990
Sale of Midas Gold Shares, net of costs to sell	-2,772		-10,560
Unrealized gain/(loss) based on the fair value at the end of the period	-738		-4,267
Fair value at end of period	2,653		6,163
Estimated tax benefit/(expense) for the period	$122		$1,478
Midas Gold shares held at the end of the period	7,802,615		15,802,615

Mineral_Properties_Narrative_D

Mineral Properties (Narrative) (Details) (USD $)	1 Months Ended	3 Months Ended	1 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2013	Mar. 31, 2015	Jan. 31, 2014
Business Acquisition [Line Items]
Percentage of interest sold	100.00%
Gain on disposal of mineral property, net		$1,958
Los Cardones, Mexico [Member]
Business Acquisition [Line Items]
Sale price of gold project	13,000
Proceeds from sale of gold project	7,000
Proceeds from Divestiture of Interest in Subsidiaries and Affiliates	7,000
Sale price of gold project	13,000
Proceeds to be received from sale of joint venture interest			$6,000

Mineral_Properties_Schedule_Of

Mineral Properties (Schedule Of Business Acquisitions By Acquisition) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Business Acquisition [Line Items]
Mineral Properties, Net	$3,870	$5,406
Mt. Todd, Australia [Member]
Business Acquisition [Line Items]
Mineral Properties, Net	2,146	2,146
Guadalupe de los Reyes, Mexico [Member]
Business Acquisition [Line Items]
Mineral Properties, Net	1,724	2,224
Los Cardones, Mexico [Member]
Business Acquisition [Line Items]
Mineral Properties, Net		1,036
Long Valley, United States [Member]
Business Acquisition [Line Items]
Mineral Properties, Net	$3,870	$5,406

Mineral_property_Details

Mineral property (Details) (USD $)	3 Months Ended	1 Months Ended	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Jan. 31, 2015	Dec. 31, 2014
Payments to acquire interest in joint venture	$5,000
Common Stock Shares Outstanding	82,390,217		82,390,217
Percentage of outstanding common shares	90.00%
Cangold Limited [Member]
Percentage of additional interest in joint venture to be earned	30.00%
Additional payment to acquire interest in joint venture	3,000
Percentage of interest in joint venture to be returned upon election not to make payment	70.00%
Midas Gold Corp [Member]
Common Stock Shares Outstanding			31,802,615
Los Cardones, Mexico [Member]
Payments to acquire interest in joint venture		3,000
Additional payment to acquire interest in joint venture			500
First Year [Member] | Cangold Limited [Member]
Payments to acquire interest in joint venture	1,000
Second Year [Member] | Cangold Limited [Member]
Payments to acquire interest in joint venture	1,500
Third Year [Member] | Cangold Limited [Member]
Payments to acquire interest in joint venture	$2,500

Plant_And_Equipment_Details

Plant And Equipment (Details) (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Cost	$5,895	$5,903
Accumulated depreciation and write downs	3,240	3,061
Net	2,655	2,842
Mineral properties (Note 4)	3,870	5,406
Period of payment	3 years
Mt. Todd, Australia [Member]
Property, Plant and Equipment [Line Items]
Cost	5,475	5,483
Accumulated depreciation and write downs	2,912	2,756
Net	2,563	2,727
Guadalupe de los Reyes, Mexico [Member]
Property, Plant and Equipment [Line Items]
Cost	17	17
Accumulated depreciation and write downs	8	8
Net	9	9
Corporate, United States [Member]
Property, Plant and Equipment [Line Items]
Cost	403	403
Accumulated depreciation and write downs	320	297
Net	83	106
Assets Held-for-sale [Member]
Property, Plant and Equipment [Line Items]
Asset held for sale, cost	6,500	6,500
Assets held for sale (mill equipment)	$6,500	$6,500

Additional_PaidIn_Capital_Narr

Additional Paid-In Capital (Narrative) (Details) (USD $)	3 Months Ended	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Warrants expired (in shares)	15,219,802	15,219,802
Weighted average compensation recognition period	3 years 9 months	3 years 11 months 27 days
In October 2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Warrants expired (in shares)	15,219,802
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense related to unvested options	673
Weighted average compensation recognition period	1 year 3 months
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense related to unvested options	25
Weighted average compensation recognition period	3 years 9 months

Additional_PaidIn_Capital_Summ

Additional Paid-In Capital (Summary Of Warrant Activity) (Details) (USD $)	3 Months Ended	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Additional Paid-In Capital [Abstract]
Warrants outstanding (in shares)	15,219,802
Warrants outstanding (in shares )(end)	15,219,802	15,219,802
Warrants valuation	$5
Warrants valuation (end)	$5	$5
Weighted average exercise price per share	$0.60	$0.80
Weighted average remaining life (yrs.)	0 years	0 years

Additional_PaidIn_Capital_Summ1

Additional Paid-In Capital (Summary Of the Fair Value Of All Awards issued Under Stock Compensation Plans) (Details) (USD $)	3 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Additional Paid-In Capital [Abstract]
Stock options	$2	$104
Restricted stock units	226	310
Share-based compensation	$228	$414	$1,126

Additional_PaidIn_Capital_Summ2

Additional Paid-In Capital (Summary Of Option Activity) (Details) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Additional Paid-In Capital [Abstract]
Number of options, Outstanding	2,257,500	2,257,500
Number of options, Exercisable (in shares)	2,011,250
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance	2,257,500	2,257,500
Weighted average exercise price per share, Outstanding (in dollars per share)	$1.60	$1.60
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance	$1.60	$1.60
Weighted average exercise price per share, Exercisable (in dollars per share)	$1.75
Weighted average remaining contractual term, Outstanding	2 years 9 months 11 days	3 years 7 days
Weighted average remaining contractual term, Outstanding, Ending Balance	2 years 9 months 11 days	3 years 7 days
Weighted average remaining contractual term, Exercisable	2 years 7 months 28 days

Additional_PaidIn_Capital_Summ3

Additional Paid-In Capital (Summary Of The Status Of Unvested Stock Options) (Details) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Additional Paid-In Capital [Abstract]
Unvested, Number of options (in shares)	246,250	246,250
Unvested, Weighted average grant-date fair value per option (in dollars per share)	$0.22	$0.22
Weighted average remaining amortization period	3 years 9 months	3 years 11 months 27 days

Additional_PaidIn_Capital_Summ4

Additional Paid-In Capital (Summary Of Restricted Stock Units Activity) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Additional Paid-In Capital [Abstract]
Unvested, Number of units (in shares)	3,692,829	3,692,829
Unvested, Weighted average fair value (in dollars per share)	$0.74	$0.74

Additional_PaidIn_Capital_Forf

Additional Paid-In Capital (Forfeiture rate) (Details)	3 Months Ended
	Mar. 31, 2015
Additional Paid-In Capital [Abstract]
ForfeitureRate	29.00%

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Income/(Loss) (Reconciliation Of Amounts Contained In Accumulated Other Comprehensive Income) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015
Accumulated other comprehensive income
Beginning of period	$11
Other comprehensive gain/(loss) due to change in fair market value of marketable securities during period before reclassifications	-12
Reclassifications due to realization of gain/loss on sale of marketable securities	-12	[1]
End of period	-13
Accumulated other comprehensive income, net of tax
Beginning of period	10
Accumulated other comprehensive income, net of tax	-10
Accumulated other comprehensive income, net of tax due to realization of a gain	-10	[1]
End of period	($10)
[1]	Reclassified to gain/(loss) on sale of marketable securities on the Condensed Consolidated Statement of Income/(Loss) and Comprehensive Income/(Loss).

Commitments_And_Contingencies_

Commitments And Contingencies (Details) (AUD)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015
Commitments And Contingencies [Abstract]
Percentage of participating interest in gold project by affilitate	10.00%
Cash payment to affiliate as percentage of value of annual gold production from current mining leases	1.00%
Percentage of royalty on other metals	1.00%
Noncontrolling Interest, Ownership Percentage by Parent	90.00%
Minimum payment per year	50

Fair_Value_Accounting_Narrativ

Fair Value Accounting (Narrative) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Mill equipment	$6,500,000	$6,500,000
Level 3 percentage of fair value assets	39.00%
Fair Value, Inputs, Level 3 [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Mill equipment	$6,500,000	$6,500

Fair_Value_Accounting_Assets_M

Fair Value Accounting (Assets Measured At Fair Value By Level Within The Fair Value Hierarchy) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Cash Equivalents	$7,500,000
Marketable securities	84,000	137,000
Other investments (Midas Gold Shares)	2,653,000	6,163,000
Mill Equipment	6,500,000	6,500,000
Fair Value, Inputs, Level 1 [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Cash Equivalents	7,500,000
Marketable securities	84,000	137,000
Other investments (Midas Gold Shares)	2,653,000	6,163,000
Fair Value, Inputs, Level 3 [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Mill Equipment	$6,500,000	$6,500

Recovered_Sheet1

Geographic And Segment Information (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015
	segment
Geographic And Segment information [Abstract]
Number of reportable segments	1
Reporting information revenue	$0

Subsequent_Event_Details

Subsequent Event (Details) (USD $)	1 Months Ended
In Thousands, unless otherwise specified	31-May-15	Mar. 31, 2015
Other Accrued Liabilities, Current		$275
Subsequent Event [Member]
ContractDisputeSettlement	$295