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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)
3 Months Ended 9 Months Ended
Apr. 30, 2013
Apr. 30, 2012
Apr. 30, 2013
Apr. 30, 2012
SALES $ 2,789,325 $ 0 $ 7,046,325 $ 6,240,000
COST OF SALES 2,271,267 0 6,225,661 3,160,854
GROSS PROFIT 518,058 0 820,664 3,079,146
EXPENSES        
Mineral property expenditures 1,827,147 4,011,989 8,109,696 10,907,280
General and administrative 2,244,682 3,763,968 8,277,283 11,369,217
Depreciation, amortization and accretion 344,980 314,648 1,216,563 935,124
Total Operating Expenses 4,416,809 8,090,605 17,603,542 23,211,621
LOSS BEFORE OTHER ITEMS (3,898,751) (8,090,605) (16,782,878) (20,132,475)
OTHER ITEMS        
Interest income 6,318 18,601 30,550 53,044
Interest expense (5,020) (32,372) (16,319) (32,372)
Gain (loss) on disposition of assets (714) 0 4,249 (501)
Loss on fair value of convertible debentures 0 (1,242) 0 (49,681)
Loss on settlement of convertible debentures 0 (134,805) 0 (312,207)
Gain on settlement of accounts payable 0 16,072 10,909 144,285
Loss on settlement of asset retirement obligations (1,878) 0 (32,389) 0
Total Non-Operating Income Expense (1,294) (133,746) (3,000) (197,432)
NET LOSS FOR THE PERIOD (3,900,045) (8,224,351) (16,785,878) (20,329,907)
OTHER COMPREHENSIVE LOSS, NET OF INCOME TAXES (234) (982) (4,393) (15,167)
TOTAL COMPREHENSIVE LOSS FOR THE PERIOD $ (3,900,279) $ (8,225,333) $ (16,790,271) $ (20,345,074)
NET LOSS PER SHARE, BASIC AND DILUTED $ (0.05) $ (0.10) $ (0.20) $ (0.27)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING, BASIC AND DILUTED 85,496,171 78,443,518 85,318,871 76,135,321