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Statement of Cash Flows (USD $)
6 Months Ended 157 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Operating Activities      
Net loss $ (3,465,299) $ (9,673,287) $ (104,888,998)
Adjustments to reconcile net loss to cash used in operating activities:      
Depreciation 121,811 115,211 915,236
Accretion expense 16,988 0 19,506
Equity loss on investment 0 0 74,617
Gain on disposition of discontinued operations 0 0 (979,709)
Gain on sale of investment securities 0 0 (79,129)
Loss on settlement of debt 0 0 132,000
Non-cash mineral property option payment 0 0 (37,500)
Shares issued to acquire mineral properties 0 0 19,105,000
Warrants issued for mineral property costs 0 0 1,258,000
Stock-based compensation 164,354 5,055,236 26,828,880
Changes in operating assets and liabilities:      
Prepaid expenses and deposits 143,732 (199,794) (1,556,895)
Other current assets (4,625) (47,919) (34,426)
Accounts payable and accrued liabilities (622,386) (136,427) 666,568
Due to related parties (37,901) (10,575) 504,198
Net Cash Used in Operating Activities (3,683,326) (4,897,555) (58,072,652)
Investing Activities      
Reclamation surety deposits 0 0 (2,043,107)
Acquisition of subsidiary, net cash paid 0 0 (48)
Proceeds from sale of marketable securities 0 0 20,548,664
Investment in property and equipment (11,999,412) (823,163) (20,900,334)
Purchase of investment securities 0 0 (20,432,035)
Disposition of subsidiary 0 0 905,092
Net Cash Used In Investing Activities (11,999,412) (823,163) (21,921,768)
Financing Activities      
Repayment of loan payable 0 0 (98,414)
Advances from related party 0 0 10,700
Contributions from non-controlling interest 226,957 221,878 3,200,173
Proceeds from issuance of common stock 63,959 13,938,873 100,642,022
Share issuance costs 0 (24,643) (4,507,138)
Net Cash Provided By Financing Activities 290,916 14,136,108 99,247,343
Increase In Cash (15,391,822) 8,415,390 19,252,923
Cash - Beginning of Period 34,644,745 36,437,370 0
Cash - End of Period 19,252,923 44,852,760 19,252,923
Non-cash Investing and Financing Activities      
Sale of 60% of subsidiary for interest in mineral property 0 0 774,216
Investment securities received as a mineral property option payment 0 0 37,500
Purchase of equipment with loan payable 0 0 98,414
Stock options issued for construction in progress 0 0 105,119
Common stock issued to settle debt 0 0 744,080
Warrants issued for mineral property costs 0 0 1,258,000
Common stock issued for mineral property costs 0 0 19,105,000
Supplemental Disclosures      
Interest Paid 0 424 12,184
Income Taxes Paid $ 0 $ 0 $ 0