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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)
12 Months Ended
Jul. 31, 2012
Jul. 31, 2011
Jul. 31, 2010
SALES $ 13,757,400 $ 0 $ 0
COST OF SALES 8,112,040 0 0
GROSS PROFIT 5,645,360 0 0
EXPENSES      
Mineral property expenditures 14,938,722 11,420,180 6,438,714
General and administrative 14,036,974 15,187,066 15,154,329
Depreciation, amortization and accretion 1,275,557 1,155,959 794,504
Impairment loss on mineral properties 0 143,396 43,600
Total Operating Expenses 30,251,253 27,906,601 22,431,147
LOSS BEFORE OTHER ITEMS (24,605,893) (27,906,601) (22,431,147)
OTHER ITEMS      
Interest income 69,328 49,058 27,600
Interest expense (30,898) 0 0
Gain (loss) on disposition of assets 6,999 (9,234) (3,677)
Gain on sale of investments 0 508,682 0
Loss on fair value of convertible debentures (49,681) 0 0
Loss on settlement of convertible debentures (312,207) 0 0
Gain on settlement of accounts payable 221,292 0 0
Loss on settlement of asset retirement obligations (444,448) 0 0
Other income 0 0 30,549
Transaction costs 0 0 (636,075)
Total Non-Operating Income Expense (539,615) 548,506 (581,603)
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (25,145,508) (27,358,095) (23,012,750)
DEFERRED INCOME TAX BENEFIT 61,788 0 0
LOSS FROM CONTINUING OPERATIONS (25,083,720) (27,358,095) (23,012,750)
DISCONTINUED OPERATIONS      
Gain on sale of discontinued operations, net of income taxes 0 0 8,534,081
INCOME FROM DISCONTINUED OPERATIONS 0 0 8,534,081
NET LOSS FOR THEYEAR (25,083,720) (27,358,095) (14,478,669)
OTHER COMPREHENSIVE(LOSS) INCOME, NET OF INCOME TAXES (52,753) 25,778 (5,752)
TOTAL COMPREHENSIVE LOSS FOR THE YEAR $ (25,136,473) $ (27,332,317) $ (14,484,421)
NET LOSS PER SHARE, BASIC AND DILUTED      
Loss from continuing operations $ (0.32) $ (0.40) $ (0.39)
Income from discontinued operations       $ 0.14
NET LOSS PER SHARE, BASIC AND DILUTED $ (0.32) $ (0.40) $ (0.25)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING, BASIC AND DILUTED 78,325,648 68,799,322 59,017,166