10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001104659-14-035808 |
| Period End Date | 20140331 |
| Filing Date | 20140507 |
| Fiscal Year | 2014 |
| Fiscal Period | Q1 |
| XBRL Instance | mux-20140331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
65 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock, par value |
CommonStockNoParValue
|
- | USD | Point-in-time |
| Common stock, par value |
CommonStockNoParValue
|
- | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
500.00M | shares | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
500.00M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$24.32M | USD | Point-in-time |
| Common, shares issued |
CommonStockSharesIssued
|
264.91M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$70.92M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$45.12M | USD | Point-in-time |
| Common, shares issued |
CommonStockSharesIssued
|
265.32M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$19.47M | USD | Point-in-time |
| Common, shares outstanding |
CommonStockSharesOutstanding
|
265.32M | shares | Point-in-time |
| Common, shares outstanding |
CommonStockSharesOutstanding
|
264.91M | shares | Point-in-time |
| IVA taxes receivable |
ValueAddedTaxReceivableCurrent
|
$13.08M | USD | Point-in-time |
| IVA taxes receivable |
ValueAddedTaxReceivableCurrent
|
$11.59M | USD | Point-in-time |
| Inventories (note 2) |
InventoryNet
|
$8.80M | USD | Point-in-time |
| Exchangeable, shares issued |
ExchangeableCommonStockSharesIssued
|
32.25M | shares | Point-in-time |
| Exchangeable, shares issued |
ExchangeableCommonStockSharesIssued
|
31.84M | shares | Point-in-time |
| Inventories (note 2) |
InventoryNet
|
$9.32M | USD | Point-in-time |
| Exchangeable, shares outstanding |
ExchangeableCommonStockSharesOutstanding
|
32.25M | shares | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$2.06M | USD | Point-in-time |
| Exchangeable, shares outstanding |
ExchangeableCommonStockSharesOutstanding
|
31.84M | shares | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$1.82M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$43.69M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$46.77M | USD | Point-in-time |
| Mineral property interests |
MineralPropertiesNet
|
$642.97M | USD | Point-in-time |
| Mineral property interests |
MineralPropertiesNet
|
$642.65M | USD | Point-in-time |
| Mineral property interests |
MineralPropertiesNet
|
$642.97M | USD | Point-in-time |
| Restrictive time deposits for reclamation bonding (note 3) |
RestrictedCashAndInvestmentsNoncurrent
|
$5.18M | USD | Point-in-time |
| Restrictive time deposits for reclamation bonding (note 3) |
RestrictedCashAndInvestmentsNoncurrent
|
$5.18M | USD | Point-in-time |
| Investment in Minera Santa Cruz S.A. (note 4) |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$212.95M | USD | Point-in-time |
| Investment in Minera Santa Cruz S.A. (note 4) |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$216.03M | USD | Point-in-time |
| Investment in Minera Santa Cruz S.A. (note 4) |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$212.95M | USD | Point-in-time |
| Property and equipment, net (note 5) |
PropertyPlantAndEquipmentNet
|
$15.14M | USD | Point-in-time |
| Property and equipment, net (note 5) |
PropertyPlantAndEquipmentNet
|
$16.92M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$142.00K | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$54.00K | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$924.61M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$923.07M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$923.07M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$11.93M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$9.80M | USD | Point-in-time |
| Current portion of asset retirement obligation (note 3) |
AssetRetirementObligationCurrent
|
$1.45M | USD | Point-in-time |
| Current portion of asset retirement obligation (note 3) |
AssetRetirementObligationCurrent
|
$1.39M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$11.19M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$13.38M | USD | Point-in-time |
| Asset retirement obligation, less current portion (note 3) |
AssetRetirementObligationsNoncurrent
|
$5.89M | USD | Point-in-time |
| Asset retirement obligation, less current portion (note 3) |
AssetRetirementObligationsNoncurrent
|
$5.86M | USD | Point-in-time |
| Deferred income tax liability (note 8) |
DeferredTaxLiabilitiesNoncurrent
|
$139.90M | USD | Point-in-time |
| Deferred income tax liability (note 8) |
DeferredTaxLiabilitiesNoncurrent
|
$158.85M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$400.00K | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$400.00K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$176.30M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$159.58M | USD | Point-in-time |
| Common stock, no par value, 500,000 shares authorized; Common: 265,317 as of March 31, 2014 and 264,913 shares as of December 31, 2013 issued and outstanding Exchangeable: 31,842 shares as of March 31, 2014 and 32,246 shares as of December 31, 2013 issued and outstanding |
CommonStockValue
|
$1.36B | USD | Point-in-time |
| Common stock, no par value, 500,000 shares authorized; Common: 265,317 as of March 31, 2014 and 264,913 shares as of December 31, 2013 issued and outstanding Exchangeable: 31,842 shares as of March 31, 2014 and 32,246 shares as of December 31, 2013 issued and outstanding |
CommonStockValue
|
$1.35B | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-607.63M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-589.75M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
$-294.00K | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
$-295.00K | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$882.39M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$889.59M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$746.77M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$765.03M | USD | Point-in-time |
| TOTAL LIABILITIES & SHAREHOLDERS' EQUITY |
LiabilitiesAndStockholdersEquity
|
$923.07M | USD | Point-in-time |
| TOTAL LIABILITIES & SHAREHOLDERS' EQUITY |
LiabilitiesAndStockholdersEquity
|
$924.61M | USD | Point-in-time |
Income Statement
50 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Gold and silver sales |
RevenueMineralSales
|
$13.50M | USD | 1 Quarter |
| Gold and silver sales |
RevenueMineralSales
|
$11.13M | USD | 1 Quarter |
| Total Revenue |
Revenues
|
$11.13M | USD | 1 Quarter |
| Total Revenue |
Revenues
|
$13.50M | USD | 1 Quarter |
| Production costs applicable to sales |
CostOfGoodsSold
|
$8.53M | USD | 1 Quarter |
| Production costs applicable to sales |
CostOfGoodsSold
|
$10.59M | USD | 1 Quarter |
| Mine construction costs |
OtherConstructionCosts
|
$939.00K | USD | 1 Quarter |
| Mine development costs |
ConstructionAndDevelopmentCosts
|
$471.00K | USD | 1 Quarter |
| Mine development costs |
ConstructionAndDevelopmentCosts
|
$1.57M | USD | 1 Quarter |
| Exploration costs |
ExplorationExpenseMining
|
$2.68M | USD | 1 Quarter |
| Exploration costs |
ExplorationExpenseMining
|
$14.60M | USD | 1 Quarter |
| Property holding costs |
CarryingCostsPropertyAndExplorationRights
|
$1.38M | USD | 1 Quarter |
| Property holding costs |
CarryingCostsPropertyAndExplorationRights
|
$1.45M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$4.19M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$3.23M | USD | 1 Quarter |
| Depreciation |
DepreciationDepletionAndAmortization
|
$282.00K | USD | 1 Quarter |
| Depreciation |
DepreciationDepletionAndAmortization
|
$225.00K | USD | 1 Quarter |
| Accretion of asset retirement obligation (note 3) |
AssetRetirementObligationAccretionExpense
|
$113.00K | USD | 1 Quarter |
| Accretion of asset retirement obligation (note 3) |
AssetRetirementObligationAccretionExpense
|
$461.00K | USD | Annual |
| Accretion of asset retirement obligation (note 3) |
AssetRetirementObligationAccretionExpense
|
$101.00K | USD | 1 Quarter |
| (Income) loss on investment in Minera Santa Cruz S.A., net of amortization (note 4) |
IncomeLossFromEquityMethodInvestments
|
$7.03M | USD | 1 Quarter |
| (Income) loss on investment in Minera Santa Cruz S.A., net of amortization (note 4) |
IncomeLossFromEquityMethodInvestments
|
$-237.00K | USD | 1 Quarter |
| Total costs and expenses |
CostsAndExpenses
|
$11.69M | USD | 1 Quarter |
| Total costs and expenses |
CostsAndExpenses
|
$31.86M | USD | 1 Quarter |
| Operating loss |
OperatingIncomeLoss
|
$-562.00K | USD | 1 Quarter |
| Operating loss |
OperatingIncomeLoss
|
$-18.37M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$71.00K | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$75.00K | USD | 1 Quarter |
| Gain on litigation settlement |
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
$560.00K | USD | 1 Quarter |
| Foreign currency (loss) gain |
ForeignCurrencyTransactionGainLossBeforeTax
|
$291.00K | USD | 1 Quarter |
| Foreign currency (loss) gain |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-583.00K | USD | 1 Quarter |
| Total other income (expense) |
NonoperatingIncomeExpense
|
$922.00K | USD | 1 Quarter |
| Total other income (expense) |
NonoperatingIncomeExpense
|
$-508.00K | USD | 1 Quarter |
| Loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$-1.07M | USD | 1 Quarter |
| Loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$-17.45M | USD | 1 Quarter |
| Recovery of income taxes (note 8) |
IncomeTaxExpenseBenefit
|
$-6.46M | USD | 1 Quarter |
| Recovery of income taxes (note 8) |
IncomeTaxExpenseBenefit
|
$-18.96M | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$-10.98M | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$17.89M | USD | 1 Quarter |
| Unrealized gain on available-for-sale securities, net of taxes |
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
$1.00K | USD | 1 Quarter |
| Comprehensive income (loss) |
ComprehensiveIncomeNetOfTax
|
$-10.98M | USD | 1 Quarter |
| Comprehensive income (loss) |
ComprehensiveIncomeNetOfTax
|
$17.89M | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.06 | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$-0.04 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.06 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$-0.04 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
296.78M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
297.16M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
296.78M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
298.41M | shares | 1 Quarter |
Cash Flow Statement
53 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash paid to suppliers and employees |
PaymentsToSuppliersAndEmployees
|
$38.19M | USD | 1 Quarter |
| Cash paid to suppliers and employees |
PaymentsToSuppliersAndEmployees
|
$19.03M | USD | 1 Quarter |
| Cash received from gold and silver sales |
ProceedsFromCustomers
|
$13.13M | USD | 1 Quarter |
| Cash received from gold and silver sales |
ProceedsFromCustomers
|
$11.13M | USD | 1 Quarter |
| Dividends received from Minera Santa Cruz S.A. |
ProceedsFromDividendsReceived
|
$3.94M | USD | 1 Quarter |
| Interest received |
ProceedsFromInterestReceived
|
$75.00K | USD | 1 Quarter |
| Interest received |
ProceedsFromInterestReceived
|
$71.00K | USD | 1 Quarter |
| Cash used in operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$-24.99M | USD | 1 Quarter |
| Cash used in operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$-3.88M | USD | 1 Quarter |
| Acquisition of mineral property interests |
PaymentsToAcquireMiningAssets
|
$150.00K | USD | 1 Quarter |
| Additions to property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$175.00K | USD | 1 Quarter |
| Additions to property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$371.00K | USD | 1 Quarter |
| Cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-371.00K | USD | 1 Quarter |
| Cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-325.00K | USD | 1 Quarter |
| Exercise of stock options |
ProceedsFromStockOptionsExercised
|
$34.00K | USD | 1 Quarter |
| Cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$34.00K | USD | 1 Quarter |
| Effect of exchange rate change on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
$-514.00K | USD | 1 Quarter |
| Effect of exchange rate change on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
$-595.00K | USD | 1 Quarter |
| Decrease in cash and cash equivalents |
NetCashProvidedByUsedInContinuingOperations
|
$-4.85M | USD | 1 Quarter |
| Decrease in cash and cash equivalents |
NetCashProvidedByUsedInContinuingOperations
|
$-25.80M | USD | 1 Quarter |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$24.32M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$70.92M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$45.12M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$19.47M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$24.32M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$70.92M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$45.12M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$19.47M | USD | Point-in-time |
| Net income (loss) |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$-10.98M | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$17.89M | USD | 1 Quarter |
| (Income) loss on investment in Minera Santa Cruz S.A., net of amortization |
IncomeLossFromEquityMethodInvestments
|
$7.03M | USD | 1 Quarter |
| (Income) loss on investment in Minera Santa Cruz S.A., net of amortization |
IncomeLossFromEquityMethodInvestments
|
$-237.00K | USD | 1 Quarter |
| Recovery of income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-18.96M | USD | 1 Quarter |
| Recovery of income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-6.46M | USD | 1 Quarter |
| Gain on litigation settlement |
GainOnLitigationSettlement
|
$560.00K | USD | 1 Quarter |
| Stock-based compensation |
StockOptionPlanExpense
|
$380.00K | USD | 1 Quarter |
| Stock-based compensation |
StockOptionPlanExpense
|
$378.00K | USD | 1 Quarter |
| Depreciation |
DepreciationDepletionAndAmortization
|
$282.00K | USD | 1 Quarter |
| Depreciation |
DepreciationDepletionAndAmortization
|
$225.00K | USD | 1 Quarter |
| Accretion of asset retirement obligation |
AssetRetirementObligationAccretionExpense
|
$113.00K | USD | 1 Quarter |
| Accretion of asset retirement obligation |
AssetRetirementObligationAccretionExpense
|
$461.00K | USD | Annual |
| Accretion of asset retirement obligation |
AssetRetirementObligationAccretionExpense
|
$101.00K | USD | 1 Quarter |
| Amortization of mineral property interests and asset retirement obligations |
MineralPropertyInterestsAndAssetRetirementObligationsAmortization
|
$322.00K | USD | 1 Quarter |
| Amortization of mineral property interests and asset retirement obligations |
MineralPropertyInterestsAndAssetRetirementObligationsAmortization
|
$669.00K | USD | 1 Quarter |
| Foreign exchange loss |
ForeignCurrencyTransactionGainLossUnrealized
|
$-514.00K | USD | 1 Quarter |
| Foreign exchange loss |
ForeignCurrencyTransactionGainLossUnrealized
|
$-595.00K | USD | 1 Quarter |
| Increase in other assets related to operations |
IncreaseDecreaseInOtherOperatingAssets
|
$1.86M | USD | 1 Quarter |
| Increase in other assets related to operations |
IncreaseDecreaseInOtherOperatingAssets
|
$561.00K | USD | 1 Quarter |
| Increase (decrease) in liabilities related to operations |
IncreaseDecreaseInOperatingLiabilities
|
$504.00K | USD | 1 Quarter |
| Increase (decrease) in liabilities related to operations |
IncreaseDecreaseInOperatingLiabilities
|
$-8.62M | USD | 1 Quarter |
| Dividend receivable from Minera Santa Cruz S.A |
NonCashWorkingCapitalItemsDividendReceivable
|
$3.94M | USD | 1 Quarter |
| Cash used in operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$-24.99M | USD | 1 Quarter |
| Cash used in operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$-3.88M | USD | 1 Quarter |
Stockholders Equity
16 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance |
StockholdersEquity
|
$882.39M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$889.59M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$746.77M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$765.03M | USD | Point-in-time |
| Stock-based compensation |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$378.00K | USD | 1 Quarter |
| Stock-based compensation |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$380.00K | USD | 1 Quarter |
| Unrealized gain on available-for-sale securities, net of taxes |
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
$1.00K | USD | 1 Quarter |
| Exercise of stock options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$34.00K | USD | 1 Quarter |
| Shares issued for litigation settlement |
StockIssuedDuringPeriodValueIssuedForLitigationSettlement
|
$3.27M | USD | 1 Quarter |
| Shares issued for Mexico mining concessions |
StockIssuedDuringPeriodValuePurchaseOfAssets
|
$96.00K | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$-10.98M | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$17.89M | USD | 1 Quarter |
| Balance |
StockholdersEquity
|
$882.39M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$889.59M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$746.77M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$765.03M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.