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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
9 Months Ended118 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:   
Net Loss$ (12,574)$ (13,373)$ (111,773)
Adjustments to reconcile net loss to net cash used by operating activities:   
Depreciation and amortization3062731,538
Interest expense187104351
Equity compensation for employees and directors1,55694016,655
(Increase) decrease in deposits, prepaid expenses and other(313)107(369)
(Decrease) increase in accounts payable and accrued liabilities(2,703)424755
(Decrease) increase in post closure reclamation and remediation costs(9)(25)353
Write downs of development costs and deposits3,4035,0388,819
Services and expenses paid with common stock  1,990
Repricing of warrants 585965
(Increase) in restricted cash held for electricity transmission  (12,005)
Net cash used by operating activities(10,147)(5,927)(92,721)
CASH FLOWS FROM INVESTING ACTIVITIES:   
Payments for the purchase of equipment  (1,548)
Purchase and development of mining properties, land and water rights(7,297)(10,534)(116,004)
Deposits on property, plant and equipment, net of refunds177(24,905)(67,907)
Proceeds from option to purchase agreements585100800
Purchase of securities  (137)
Increase in restricted cash held for reclamation bonds  (642)
Cash provided by sale of marketable securities  246
Net cash used by investing activities(6,535)(35,339)(185,192)
CASH FLOWS FROM FINANCING ACTIVITIES:   
Proceeds from issuance of stock, net of issuance costs19,41556227,722
Net (decrease) increase in leased assets(149)(129)181
Payments for debt issuance costs(1,795) (2,682)
Proceeds from debt 10,00010,000
Cash proceeds from POS-Minerals Corporation  100,000
Cash paid to POS-Minerals Corporation for purchase price adjustment  (2,994)
Net cash provided by financing activities17,4719,927332,227
Net increase (decrease) in cash and cash equivalents789(31,339)54,314
Cash and cash equivalents, beginning of period53,57148,61446
Cash and cash equivalents, end of period54,36017,27554,360
NON-CASH INVESTING AND FINANCING ACTIVITIES:   
Equity compensation capitalized as development1657146,365
Restricted cash held for reclamation bond acquired in an acquisition  491
Post closure reclamation and remediation costs and accounts payable assumed in an acquisition  263
Common stock and warrants issued for property and equipment  1,586
Accrued portion of deposits on property, plant and equipment  183
Receivable portion of deferred gain100 100
Accrued portion of advance royalties  17,900
Accrued portion of payments to the Agricultural Sustainability Trust  $ 4,000