XML 56 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)
3 Months Ended 6 Months Ended
Jan. 31, 2014
Jan. 31, 2013
Jan. 31, 2014
Jan. 31, 2013
SALES $ 0 $ 2,103,750 $ 0 $ 4,257,000
COSTS AND EXPENSES        
Cost of sales 0 2,091,285 0 3,954,394
Inventory write-down 0 0 392,149 0
Mineral property expenditures 2,584,020 1,905,264 4,172,163 6,282,549
General and administrative 3,082,480 3,307,664 5,388,269 6,032,601
Depreciation, amortization and accretion 647,881 375,236 1,188,960 871,583
Impairment loss on mineral property 0 0 28,891 0
TOTAL OPERATING EXPENSES 6,314,381 7,679,449 11,170,432 17,141,127
LOSS FROM OPERATIONS (6,314,381) (5,575,699) (11,170,432) (12,884,127)
OTHER INCOME (EXPENSES)        
Interest income 8,004 9,654 13,330 24,232
Interest and finance costs (832,088) (5,189) (1,629,535) (11,299)
Gain (loss) on disposition of assets (2,553) 4,963 (2,553) 4,963
Loss on fair value of variable share forward contract (36,839) 0 (268,601) 0
Gain on settlement of accounts payable 0 0 0 10,909
Loss on settlement of asset retirement obligations (1,037) (21,939) (1,037) (30,511)
TOTAL OTHER INCOME (EXPENSES) (864,513) (12,511) (1,888,396) (1,706)
NET LOSS FOR THE PERIOD (7,178,894) (5,588,210) (13,058,828) (12,885,833)
OTHER COMPREHENSIVE LOSS, NET OF INCOME TAXES (4,026) (3,678) (6,327) (4,159)
TOTAL COMPREHENSIVE LOSS FOR THE PERIOD $ (7,182,920) $ (5,591,888) $ (13,065,155) $ (12,889,992)
NET LOSS PER SHARE, BASIC AND DILUTED $ (0.08) $ (0.06) $ (0.15) $ (0.15)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING, BASIC AND DILUTED 89,701,157 85,293,298 88,058,149 85,233,112