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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
REVENUES      
Revenue - mining $ 4,944,627 $ 18,245,633 $ 24,736,929
Revenue - real estate 125,590 247,217 846,432
Total revenues 5,070,217 18,492,850 25,583,361
COST AND EXPENSES      
Costs applicable to mining revenue 4,505,811 10,652,372 19,126,632
Real estate operating costs 182,423 342,634 1,260,972
Exploration and mine development 4,561,905 6,958,636 2,658,473
Mine claims and costs 1,125,989 1,299,823 2,393,722
Environmental and reclamation 1,309,901 2,054,447 2,464,314
Land and road development 79,461 2,857,720 0
General and administrative 3,518,071 6,752,731 6,371,954
Total cost and expenses 15,283,561 30,918,363 34,276,067
LOSS FROM OPERATIONS (10,213,344) (12,425,513) (8,692,706)
OTHER INCOME (EXPENSE)      
Change in fair value of derivatives 0 0 (963,169)
Interest expense (753,670) (1,216,887) (997,112)
Other income (expense) (1,997,690) 3,187,973 1,014,214
Total other income (expense), net (2,751,360) 1,971,086 (946,067)
NET LOSS (12,964,704) (10,454,427) (9,638,773)
DIVIDENDS ON CONVERTIBLE PREFERRED STOCK 0 (5,452,445) (3,672,785)
NET LOSS AVAILABLE TO COMMON SHAREHOLDERS $ (12,964,704) $ (15,906,872) $ (13,311,558)
Net loss per common share - basic (in usd per share) $ (0.07) $ (0.14) $ (0.17)
Net loss per common share - diluted (in usd per share) $ (0.07) $ (0.14) $ (0.17)
Weighted average common shares outstanding - basic (in shares) 176,624,733 110,072,486 78,586,266
Weighted average common shares outstanding - diluted (in shares) 176,624,733 110,072,486 78,586,266