XML 31 R5.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Statement of Cash Flows (USD $)
6 Months Ended 147 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Operating Activities      
Net loss $ (9,673,287) $ (8,588,767) $ (95,406,997)
Adjustments to reconcile net loss to cash used in operating activities:      
Depreciation 115,211 95,159 692,896
Equity loss on investment     74,617
Gain on disposition of discontinued operations     (979,709)
Gain on sale of investment securities     (79,129)
Loss on settlement of debt     132,000
Non-cash mineral property option payment     (37,500)
Warrants issued for mineral property costs     1,258,000
Shares issued to acquire mineral properties     19,105,000
Stock-based compensation 5,055,236 3,589,783 25,420,574
Changes in operating assets and liabilities:      
Prepaid expenses and deposits (199,794) 172,684 (1,835,409)
Other current assets (47,919) 6,483 (79,905)
Accounts payable and accrued liabilities (136,427) 229,110 704,540
Due to related parties (10,575) (18,361) 509,370
Net Cash Used in Operating Activities (4,897,555) (4,513,909) (50,521,652)
Investing Activities      
Reclamation surety deposits     (2,019,721)
Acquisition of subsidiary, net cash paid     (48)
Proceeds from sale of marketable securities   4,598,512 20,548,664
Purchase of property and equipment (823,163) (66,795) (1,805,561)
Purchase of investment securities     (20,432,035)
Disposition of subsidiary     905,092
Net Cash Used In Investing Activities (823,163) 4,531,717 (2,803,609)
Financing Activities      
Repayment of loan payable   (18,079) (98,414)
Advances from related party     10,700
Contributions from non-controlling interest 221,878 252,343 2,620,408
Proceeds from issuance of common stock 13,938,873   100,152,465
Share issuance costs (24,643)   (4,507,138)
Net Cash Provided By Financing Activities 14,136,108 234,264 98,178,021
Increase In Cash 8,415,390 252,072 44,852,760
Cash - Beginning of Period 36,437,370 20,426,032  
Cash - End of Period 44,852,760 20,678,104 44,852,760
Non-cash Investing and Financing Activities      
Sale of 60% of subsidiary for interest in mineral property     774,216
Investment securities received as a mineral property option payment     37,500
Purchase of equipment with loan payable     98,414
Common stock issued to settle debt     744,080
Common stock issued for mineral property costs     19,105,000
Supplemental Disclosures      
Interest paid 424 424 12,184
Income taxes paid