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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Jan. 31, 2014
Jul. 31, 2013
CURRENT ASSETS    
Cash and cash equivalents $ 9,033,946 $ 14,171,807
Available-for-sale securities 12,023 18,350
Accounts and interest receivable 50,186 45,584
Inventories 1,788,642 975,719
Prepaid expenses and deposits 1,033,406 1,098,026
Current portion of deferred financing costs 218,336 218,336
Total Current Assets 12,136,539 16,527,822
DEFERRED FINANCING COSTS 90,973 200,141
MINERAL RIGHTS AND PROPERTIES 40,661,844 41,785,852
PROPERTY, PLANT AND EQUIPMENT 8,389,847 8,695,277
RECLAMATION DEPOSITS 6,041,761 6,040,909
TOTAL ASSETS 67,320,964 73,250,001
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 2,937,994 3,978,867
Due to related parties 8,611 9,571
Variable share forward contract 268,601 0
Current portion of long-term debt 5,833,333 833,333
Current portion of asset retirement obligations 11,236 836,073
Total Current Liabilities 9,059,775 5,657,844
DEFERRED INCOME TAX LIABILITIES 781,186 781,186
LONG-TERM DEBT 2,020,541 6,123,886
ASSET RETIREMENT OBLIGATIONS 3,813,253 3,242,007
TOTAL LIABILITIES 15,674,755 15,804,923
STOCKHOLDERS' EQUITY    
Capital stock Common stock $0.001 par value: 750,000,000 shares authorized, 89,792,727 shares issued and outstanding (July 31, 2013 - 86,032,285) 89,796 86,036
Additional paid-in capital 207,308,607 200,046,081
Accumulated deficit (155,745,867) (142,687,039)
Accumulated other comprehensive loss (6,327) 0
TOTAL STOCKHOLDERS' EQUITY 51,646,209 57,445,078
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 67,320,964 $ 73,250,001