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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Apr. 30, 2012
Apr. 30, 2011
CASH (USED IN) PROVIDED BY: OPERATING ACTIVITIES    
Net loss for the period $ (20,329,907) $ (21,794,585)
Adjustments to reconcile net loss to net cash from operating activities    
Stock based compensation 2,734,675 5,765,512
Impairment loss on mineral properties 0 128,339
Depreciation, amortization, depletion and accretion 1,526,110 768,329
Loss on disposition of assets 501 5,267
Gain on sale of investments 0 (8,652)
Loss on fair value of convertible debentures 49,681 0
Loss on settlement of convertible debentures 312,207 0
Gain on settlement of accounts payable (144,285) 0
Changes in operating assets and liabilities    
Accounts and interest receivable (88,508) (23,133)
Inventories (1,505,455) (1,062,766)
Prepaid expenses and deposits (317,349) (257,061)
Accounts payable and accrued liabilities (150,510) (1,823,267)
Settlement of asset retirement obligations (737,130) (870,504)
NET CASH FLOWS USED IN OPERATING ACTIVITIES (18,649,970) (19,172,521)
FINANCING ACTIVITIES    
Issuance of shares for cash, net of issuance costs 21,499,668 34,304,984
Settlement of convertible debentures (1,370,486) 0
Advances from (repayment) to related parties 2,089 (76,824)
NET CASH FLOWS PROVIDED BY FINANCING ACTIVITIES 20,131,271 34,228,160
INVESTING ACTIVITIES    
Investment in mineral rights and properties (3,878,707) (457,861)
Purchase of property, plant and equipment (947,560) (282,294)
Loan associated with acquisition of Concentric Energy Corp. 0 (300,000)
Settlement of loan assumed from acquistion of Cue Resources Ltd. (260,650) 0
Proceeds from disposition of assets 0 700
Proceeds from sale of investments 0 29,035
Reclamation deposit (917,836) (1,872,623)
NET CASH FLOWS USED IN INVESTING ACTIVITIES (6,004,753) (2,883,043)
NET CASH FLOWS (4,523,452) 12,172,596
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 30,724,051 21,067,662
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 26,200,599 $ 33,240,258