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Statement of Cash Flows (USD $)
12 Months Ended 151 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2011
Operating Activities        
Net loss $ (15,689,989) $ (15,239,402) $ (9,401,126) $ (101,423,699)
Adjustments to reconcile net loss to cash used in operating activities:        
Depreciation 215,740 200,266 175,877 793,425
Accretion expense 2,518 0 0 2,518
Equity loss on investment 0 0 0 74,617
Gain on disposition of discontinued operations 0 0 0 (979,709)
Gain on sale of investment securities 0 0 0 (79,129)
Loss on settlement of debt 0 0 0 132,000
Non-cash mineral property option payment 0 0 0 (37,500)
Shares issued to acquire mineral properties 0 0 0 19,105,000
Warrants issued for mineral property costs 0 1,258,000 0 1,258,000
Stock-based compensation 6,299,188 3,746,165 922,265 26,664,526
Changes in operating assets and liabilities:        
Prepaid expenses and deposits (65,012) (908,009) (92,628) (1,700,627)
Other current assets 2,185 (8,302) (13,440) (29,801)
Accounts payable and accrued liabilities 447,987 60,471 234,154 1,288,954
Due to related parties 22,154 (5,734) 4,921 542,099
Net Cash Used in Operating Activities (8,765,229) (10,896,545) (8,169,977) (54,389,326)
Investing Activities        
Reclamation surety deposits (23,386) (1,700,938) (379) (2,043,107)
Acquisition of subsidiary, net cash paid 0 0 0 (48)
Proceeds from sale of marketable securities 0 8,766,943 11,665,092 20,548,664
Investment in property and equipment (7,918,524) (162,415) (74,284) (8,900,922)
Purchase of investment securities 0 0 0 (20,432,035)
Disposition of subsidiary 0 0 0 905,092
Net Cash Used In Investing Activities (7,941,910) 6,903,590 11,590,429 (9,922,356)
Financing Activities        
Repayment of loan payable 0 (18,079) (34,067) (98,414)
Advances from related party 0 0 0 10,700
Contributions from non-controlling interest 574,686 692,852 686,908 2,973,216
Proceeds from issuance of common stock 14,364,471 20,506,915 17,166,125 100,578,063
Share issuance costs (24,643) (1,177,395) (1,634,628) (4,507,138)
Net Cash Provided By Financing Activities 14,914,514 20,004,293 16,184,338 98,956,427
Increase In Cash (1,792,625) 16,011,338 19,604,790 34,644,745
Cash - Beginning of Period 36,437,370 20,426,032 821,242 0
Cash - End of Period 34,644,745 36,437,370 20,426,032 34,644,745
Non-cash Investing and Financing Activities        
Sale of 60% of subsidiary for interest in mineral property 0 0 0 774,216
Investment securities received as a mineral property option payment 0 0 0 37,500
Purchase of equipment with loan payable 0 0 0 98,414
Stock options issued for construction in progress 105,119 0 0 105,119
Common stock issued to settle debt 0 0 0 744,080
Warrants issued for mineral property costs 0 1,258,000 0 1,258,000
Common stock issued for mineral property costs 0 0 0 19,105,000
Supplemental Disclosures        
Interest paid 424 404 2,941 12,608
Income taxes paid $ 0 $ 0 $ 0 $ 0