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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)
3 Months Ended 9 Months Ended
Apr. 30, 2014
Apr. 30, 2013
Apr. 30, 2014
Apr. 30, 2013
SALES $ 0 $ 2,789,325 $ 0 $ 7,046,325
COSTS AND EXPENSES        
Cost of sales 0 2,271,267 0 6,225,661
Inventory write-down 338,101 0 730,250 0
Mineral property expenditures 2,739,349 1,827,147 6,911,512 8,109,696
General and administrative 1,808,395 2,244,682 7,196,664 8,277,283
Depreciation, amortization and accretion 577,045 344,980 1,766,005 1,216,563
Impairment loss on mineral properties 428,164 0 457,055 0
Total Operating Expenses 5,891,054 6,688,076 17,061,486 23,829,203
LOSS FROM OPERATIONS (5,891,054) (3,898,751) (17,061,486) (16,782,878)
OTHER INCOME (EXPENSES)        
Interest income 7,317 6,318 20,647 30,550
Interest and finance costs (535,802) (5,020) (2,165,337) (16,319)
Gain (loss) on disposition of assets 0 (714) (2,553) 4,249
Loss on fair value of variable share forward contract (288,436) 0 (557,037) 0
Gain on settlement of accounts payable 0 0 0 10,909
Gain (loss) on settlement of asset retirement obligations 10,868 (1,878) 9,831 (32,389)
Total Non-Operating Income Expense (806,053) (1,294) (2,694,449) (3,000)
NET LOSS FOR THE PERIOD (6,697,107) (3,900,045) (19,755,935) (16,785,878)
OTHER COMPREHENSIVE LOSS, NET OF INCOME TAXES (7,228) (234) (13,555) (4,393)
TOTAL COMPREHENSIVE LOSS FOR THE PERIOD $ (6,704,335) $ (3,900,279) $ (19,769,490) $ (16,790,271)
NET LOSS PER SHARE, BASIC AND DILUTED $ (0.07) $ (0.05) $ (0.22) $ (0.20)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING, BASIC AND DILUTED 89,924,411 85,496,171 88,666,564 85,318,871