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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Apr. 30, 2014
Jul. 31, 2013
CURRENT ASSETS    
Cash and cash equivalents $ 13,306,310 $ 14,171,807
Available-for-sale securities 4,795 18,350
Accounts and interest receivable 53,672 45,584
Inventories 1,815,953 975,719
Prepaid expenses and deposits 811,795 1,098,026
Current portion of deferred financing costs 83,811 218,336
Total Current Assets 16,076,336 16,527,822
DEFERRED FINANCING COSTS 188,574 200,141
MINERAL RIGHTS AND PROPERTIES 40,001,698 41,785,852
PROPERTY, PLANT AND EQUIPMENT 8,188,291 8,695,277
RECLAMATION DEPOSITS 6,042,061 6,040,909
TOTAL ASSETS 70,496,960 73,250,001
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 2,079,530 3,978,867
Due to related parties 8,703 9,571
Variable share forward contract 557,037 0
Current portion of asset retirement obligations 0 836,073
Total Current Liabilities 2,645,270 4,824,511
DEFERRED INCOME TAX LIABILITIES 781,186 781,186
LONG-TERM DEBT 18,413,837 6,957,219
ASSET RETIREMENT OBLIGATIONS 3,889,637 3,242,007
TOTAL LIABILITIES 25,729,930 15,804,923
STOCKHOLDERS' EQUITY    
Capital stock Common stock $0.001 par value: 750,000,000 shares authorized, 90,467,764 shares issued and outstanding (July 31, 2013 - 86,032,285) 90,472 86,036
Additional paid-in capital 207,133,087 200,046,081
Accumulated deficit (162,442,974) (142,687,039)
Accumulated other comprehensive loss (13,555) 0
TOTAL STOCKHOLDERS' EQUITY 44,767,030 57,445,078
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 70,496,960 $ 73,250,001