XML 16 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
CURRENT ASSETS    
Cash and cash equivalents $ 35,103 $ 40,709
Deposits, prepaid expenses and other current assets 109 105
Total Current Assets 35,212 40,814
Mining properties, land and water rights - Note 4 147,188 143,732
Deposits on project property, plant and equipment 67,104 66,474
Restricted cash held for electricity transmission 12,005 12,005
Restricted cash held for reclamation bonds 1,133 1,133
Non-mining property and equipment, net 767 819
Capitalized debt issuance costs 5,202 3,136
Other assets 2,994 2,994
TOTAL ASSETS 271,605 271,107
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 4,652 4,568
Accrued advance royalties 8,950 8,950
Accrued payments to Agricultural Sustainability Trust 2,000 2,000
Current portion of long term debt 10,640 10,596
Total Current Liabilities 26,242 26,114
Provision for post closure reclamation and remediation costs 583 587
Deferred gain 1,150 1,150
Accrued payments to Agricultural Sustainability Trust and Hanlong 4,000 2,000
Long term debt, net of current portion 113 131
Total Liabilities 32,088 29,982
COMMITMENTS AND CONTINGENCIES - Note 10      
CONTINGENTLY REDEEMABLE NONCONTROLLING INTEREST 98,073 98,073
EQUITY    
Common stock, $0.001 par value; 200,000,000 shares authorized, 91,220,944 and 90,818,248 shares issued and outstanding, respectively 92 91
Additional paid-in capital 257,442 255,894
Accumulated deficit before exploration stage (213) (213)
Accumulated deficit during exploration and development stage (115,877) (112,720)
Total Equity 141,444 143,052
TOTAL LIABILITIES, CONTINGENTLY REDEEMABLE NONCONTROLLING INTEREST AND EQUITY $ 271,605 $ 271,107