10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001104659-15-036279 |
| Period End Date | 20150331 |
| Filing Date | 20150508 |
| Fiscal Year | 2015 |
| Fiscal Period | Q1 |
| XBRL Instance | mux-20150331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
66 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
|
$12.38M | USD | Point-in-time |
| Common, shares issued |
CommonStockSharesIssued
|
271.58M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$19.47M | USD | Point-in-time |
| Common, shares issued |
CommonStockSharesIssued
|
272.96M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$24.32M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$16.57M | USD | Point-in-time |
| Common, shares outstanding |
CommonStockSharesOutstanding
|
272.96M | shares | Point-in-time |
| Investments (note 2) |
AvailableForSaleSecuritiesEquitySecurities
|
$1.95M | USD | Point-in-time |
| Investments (note 2) |
AvailableForSaleSecuritiesEquitySecurities
|
$1.08M | USD | Point-in-time |
| Common, shares outstanding |
CommonStockSharesOutstanding
|
271.58M | shares | Point-in-time |
| Exchangeable, shares issued |
ExchangeableCommonStockSharesIssued
|
27.57M | shares | Point-in-time |
| IVA taxes receivable |
ValueAddedTaxReceivableCurrent
|
$10.40M | USD | Point-in-time |
| IVA taxes receivable |
ValueAddedTaxReceivableCurrent
|
$11.74M | USD | Point-in-time |
| Exchangeable, shares issued |
ExchangeableCommonStockSharesIssued
|
28.52M | shares | Point-in-time |
| Exchangeable, shares outstanding |
ExchangeableCommonStockSharesOutstanding
|
28.52M | shares | Point-in-time |
| Inventories (note 3) |
InventoryNet
|
$12.40M | USD | Point-in-time |
| Exchangeable, shares outstanding |
ExchangeableCommonStockSharesOutstanding
|
27.57M | shares | Point-in-time |
| Inventories (note 3) |
InventoryNet
|
$12.93M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$2.10M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$1.70M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$39.70M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$43.55M | USD | Point-in-time |
| Mineral property interests |
MineralPropertiesNet
|
$287.81M | USD | Point-in-time |
| Mineral property interests |
MineralPropertiesNet
|
$287.49M | USD | Point-in-time |
| Investment in Minera Santa Cruz S.A. (note 5) |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$177.35M | USD | Point-in-time |
| Investment in Minera Santa Cruz S.A. (note 5) |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$177.02M | USD | Point-in-time |
| Property and equipment, net (note 6) |
PropertyPlantAndEquipmentNet
|
$17.82M | USD | Point-in-time |
| Property and equipment, net (note 6) |
PropertyPlantAndEquipmentNet
|
$17.90M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$531.00K | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$533.00K | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$526.73M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$522.96M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$21.65M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$19.88M | USD | Point-in-time |
| Current portion of asset retirement obligation (note 4) |
AssetRetirementObligationCurrent
|
$2.43M | USD | Point-in-time |
| Current portion of asset retirement obligation (note 4) |
AssetRetirementObligationCurrent
|
$2.46M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$22.33M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$24.08M | USD | Point-in-time |
| Asset retirement obligation, less current portion (note 4) |
AssetRetirementObligationsNoncurrent
|
$5.12M | USD | Point-in-time |
| Asset retirement obligation, less current portion (note 4) |
AssetRetirementObligationsNoncurrent
|
$5.04M | USD | Point-in-time |
| Deferred income tax liability |
DeferredTaxLiabilitiesNoncurrent
|
$51.90M | USD | Point-in-time |
| Deferred income tax liability |
DeferredTaxLiabilitiesNoncurrent
|
$50.65M | USD | Point-in-time |
| Deferred lease inducement |
DeferredRentCreditNoncurrent
|
$311.00K | USD | Point-in-time |
| Deferred lease inducement |
DeferredRentCreditNoncurrent
|
$319.00K | 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
|
$81.74M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$78.81M | USD | Point-in-time |
| Common stock, no par value, 500,000 shares authorized; Common: 272,956 as of March 31, 2015 and 271,579 shares as of December 31, 2014 issued and outstanding Exchangeable: 27,574 shares as of March 31, 2015 and 28,521 shares as of December 31, 2014 issued and outstanding (note 6) |
CommonStockValue
|
$1.36B | USD | Point-in-time |
| Common stock, no par value, 500,000 shares authorized; Common: 272,956 as of March 31, 2015 and 271,579 shares as of December 31, 2014 issued and outstanding Exchangeable: 27,574 shares as of March 31, 2015 and 28,521 shares as of December 31, 2014 issued and outstanding (note 6) |
CommonStockValue
|
$1.36B | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-919.58M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-913.56M | USD | Point-in-time |
| Accumulated other comprehensive income (loss) income |
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
$124.00K | USD | Point-in-time |
| Accumulated other comprehensive income (loss) income |
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
$-41.00K | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$447.92M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$746.77M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$441.21M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$765.03M | USD | Point-in-time |
| TOTAL LIABILITIES & SHAREHOLDERS' EQUITY |
LiabilitiesAndStockholdersEquity
|
$522.96M | USD | Point-in-time |
| TOTAL LIABILITIES & SHAREHOLDERS' EQUITY |
LiabilitiesAndStockholdersEquity
|
$526.73M | USD | Point-in-time |
| Commitments and Contingencies (note 13) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and Contingencies (note 13) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
Income Statement
50 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Gold and silver sales |
RevenueMineralSales
|
$11.13M | USD | 1 Quarter |
| Gold and silver sales |
RevenueMineralSales
|
$22.88M | USD | 1 Quarter |
| Total Revenue |
Revenues
|
$22.88M | USD | 1 Quarter |
| Total Revenue |
Revenues
|
$11.13M | USD | 1 Quarter |
| Production costs applicable to sales |
CostOfGoodsSold
|
$8.53M | USD | 1 Quarter |
| Production costs applicable to sales |
CostOfGoodsSold
|
$10.45M | USD | 1 Quarter |
| Mine construction costs |
OtherConstructionCosts
|
$939.00K | USD | 1 Quarter |
| Mine development costs |
ConstructionAndDevelopmentCosts
|
$174.00K | USD | 1 Quarter |
| Mine development costs |
ConstructionAndDevelopmentCosts
|
$1.57M | USD | 1 Quarter |
| Exploration costs |
ExplorationExpenseMining
|
$2.68M | USD | 1 Quarter |
| Exploration costs |
ExplorationExpenseMining
|
$2.34M | USD | 1 Quarter |
| Property holding costs |
CarryingCostsPropertyAndExplorationRights
|
$1.49M | USD | 1 Quarter |
| Property holding costs |
CarryingCostsPropertyAndExplorationRights
|
$1.45M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$3.21M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$3.23M | USD | 1 Quarter |
| Depreciation |
DepreciationDepletionAndAmortization
|
$272.00K | USD | 1 Quarter |
| Depreciation |
DepreciationDepletionAndAmortization
|
$225.00K | USD | 1 Quarter |
| Accretion of asset retirement obligation (note 4) |
AssetRetirementObligationAccretionExpense
|
$101.00K | USD | 1 Quarter |
| Accretion of asset retirement obligation (note 4) |
AssetRetirementObligationAccretionExpense
|
$407.00K | USD | Annual |
| Accretion of asset retirement obligation (note 4) |
AssetRetirementObligationAccretionExpense
|
$101.00K | USD | 1 Quarter |
| Income from investment in Minera Santa Cruz S.A., net of amortization (note 5) |
IncomeLossFromEquityMethodInvestments
|
$329.00K | USD | 1 Quarter |
| Income from investment in Minera Santa Cruz S.A., net of amortization (note 5) |
IncomeLossFromEquityMethodInvestments
|
$7.03M | USD | 1 Quarter |
| Total costs and expenses |
CostsAndExpenses
|
$17.71M | USD | 1 Quarter |
| Total costs and expenses |
CostsAndExpenses
|
$11.69M | USD | 1 Quarter |
| Operating income (loss) |
OperatingIncomeLoss
|
$-562.00K | USD | 1 Quarter |
| Operating income (loss) |
OperatingIncomeLoss
|
$5.17M | USD | 1 Quarter |
| Net interest (expense) income |
InvestmentIncomeInterest
|
$75.00K | USD | 1 Quarter |
| Net interest (expense) income |
InvestmentIncomeInterest
|
$-98.00K | USD | 1 Quarter |
| Foreign currency loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-583.00K | USD | 1 Quarter |
| Foreign currency loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-212.00K | USD | 1 Quarter |
| Total other expense |
NonoperatingIncomeExpense
|
$-508.00K | USD | 1 Quarter |
| Total other expense |
NonoperatingIncomeExpense
|
$-310.00K | USD | 1 Quarter |
| Income (loss) before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$-1.07M | USD | 1 Quarter |
| Income (loss) before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$4.86M | USD | 1 Quarter |
| Recovery of income taxes (note 8) |
IncomeTaxExpenseBenefit
|
$-18.96M | USD | 1 Quarter |
| Recovery of income taxes (note 8) |
IncomeTaxExpenseBenefit
|
$-1.16M | USD | 1 Quarter |
| Net income |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$17.89M | USD | 1 Quarter |
| Net income |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$6.02M | USD | 1 Quarter |
| Unrealized (loss) gain on available-for-sale securities, net of taxes |
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
$1.00K | USD | 1 Quarter |
| Unrealized (loss) gain on available-for-sale securities, net of taxes |
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
$-165.00K | USD | 1 Quarter |
| Comprehensive income (loss) |
ComprehensiveIncomeNetOfTax
|
$5.86M | USD | 1 Quarter |
| Comprehensive income (loss) |
ComprehensiveIncomeNetOfTax
|
$17.89M | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.02 | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.06 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.06 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.02 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
297.25M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
297.16M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
298.41M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
297.27M | shares | 1 Quarter |
Cash Flow Statement
53 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Collection of VAT taxes receivable |
CollectionOfValueAddedTaxesReceivable
|
$2.75M | USD | 1 Quarter |
| Cash paid to suppliers and employees |
PaymentsToSuppliersAndEmployees
|
$16.47M | USD | 1 Quarter |
| Cash paid to suppliers and employees |
PaymentsToSuppliersAndEmployees
|
$18.63M | USD | 1 Quarter |
| Cash received from gold and silver sales |
ProceedsFromCustomers
|
$10.72M | USD | 1 Quarter |
| Cash received from gold and silver sales |
ProceedsFromCustomers
|
$21.98M | USD | 1 Quarter |
| Dividends received from Minera Santa Cruz S.A. |
ProceedsFromDividendsReceived
|
$3.94M | USD | 1 Quarter |
| Interest received |
ProceedsFromInterestReceived
|
$98.00K | USD | 1 Quarter |
| Interest received |
ProceedsFromInterestReceived
|
$75.00K | USD | 1 Quarter |
| Cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$-3.88M | USD | 1 Quarter |
| Cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$5.62M | USD | 1 Quarter |
| Investment in available-for-sale securities |
PaymentsToAcquireMarketableSecurities
|
$1.11M | USD | 1 Quarter |
| Additions to property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$371.00K | USD | 1 Quarter |
| Additions to property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$192.00K | USD | 1 Quarter |
| Cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-1.31M | USD | 1 Quarter |
| Cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-371.00K | USD | 1 Quarter |
| Effect of exchange rate change on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
$-595.00K | USD | 1 Quarter |
| Effect of exchange rate change on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
$-120.00K | USD | 1 Quarter |
| Increase (decrease) in cash and cash equivalents |
NetCashProvidedByUsedInContinuingOperations
|
$-4.85M | USD | 1 Quarter |
| Increase (decrease) in cash and cash equivalents |
NetCashProvidedByUsedInContinuingOperations
|
$4.19M | USD | 1 Quarter |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$12.38M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$19.47M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$24.32M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$16.57M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$12.38M | USD | Point-in-time |
| Cash and cash equivalents, end 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
|
$16.57M | USD | Point-in-time |
| Net income |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$17.89M | USD | 1 Quarter |
| Net income |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$6.02M | USD | 1 Quarter |
| Income from investment in Minera Santa Cruz S.A. net of amortization |
IncomeLossFromEquityMethodInvestments
|
$329.00K | USD | 1 Quarter |
| Income from investment in Minera Santa Cruz S.A. net of amortization |
IncomeLossFromEquityMethodInvestments
|
$7.03M | USD | 1 Quarter |
| Recovery of income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-1.16M | USD | 1 Quarter |
| Recovery of income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-18.96M | USD | 1 Quarter |
| Stock-based compensation |
StockOptionPlanExpense
|
$380.00K | USD | 1 Quarter |
| Stock-based compensation |
StockOptionPlanExpense
|
$409.00K | USD | 1 Quarter |
| Depreciation |
DepreciationDepletionAndAmortization
|
$272.00K | USD | 1 Quarter |
| Depreciation |
DepreciationDepletionAndAmortization
|
$225.00K | USD | 1 Quarter |
| Accretion of asset retirement obligation |
AssetRetirementObligationAccretionExpense
|
$101.00K | USD | 1 Quarter |
| Accretion of asset retirement obligation |
AssetRetirementObligationAccretionExpense
|
$407.00K | 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
|
$322.00K | USD | 1 Quarter |
| Foreign exchange loss |
ForeignCurrencyTransactionGainLossUnrealized
|
$-120.00K | USD | 1 Quarter |
| Foreign exchange loss |
ForeignCurrencyTransactionGainLossUnrealized
|
$-595.00K | USD | 1 Quarter |
| Decrease (increase) in IVA taxes receivable, including collection of $2,746 (2014 - $nil) |
IncreaseDecreaseInValueAddedTaxReceivable
|
$-1.49M | USD | 1 Quarter |
| Decrease (increase) in IVA taxes receivable, including collection of $2,746 (2014 - $nil) |
IncreaseDecreaseInValueAddedTaxReceivable
|
$1.33M | USD | 1 Quarter |
| Increase in other assets related to operations |
IncreaseDecreaseInOtherOperatingAssets
|
$129.00K | USD | 1 Quarter |
| Increase in other assets related to operations |
IncreaseDecreaseInOtherOperatingAssets
|
$367.00K | USD | 1 Quarter |
| (Decrease) increase in liabilities related to operations |
IncreaseDecreaseInOperatingLiabilities
|
$504.00K | USD | 1 Quarter |
| (Decrease) increase in liabilities related to operations |
IncreaseDecreaseInOperatingLiabilities
|
$-1.34M | USD | 1 Quarter |
| Dividend received from Minera Santa Cruz S.A |
NonCashWorkingCapitalItemsDividendReceivable
|
$3.94M | USD | 1 Quarter |
| Cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$-3.88M | USD | 1 Quarter |
| Cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$5.62M | USD | 1 Quarter |
Stockholders Equity
15 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance |
StockholdersEquity
|
$447.92M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$746.77M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$441.21M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$765.03M | USD | Point-in-time |
| Shares issued for settlement of accounts payable |
StockIssuedDuringPeriodValueIssuedForServices
|
$443.00K | USD | 1 Quarter |
| Stock-based compensation |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$380.00K | USD | 1 Quarter |
| Stock-based compensation |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$409.00K | USD | 1 Quarter |
| Unrealized (loss) gain on available-for-sale securities, net of taxes |
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
$1.00K | USD | 1 Quarter |
| Unrealized (loss) gain on available-for-sale securities, net of taxes |
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
$-165.00K | USD | 1 Quarter |
| Net income |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$17.89M | USD | 1 Quarter |
| Net income |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$6.02M | USD | 1 Quarter |
| Balance |
StockholdersEquity
|
$447.92M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$746.77M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$441.21M | 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.