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CONSOLIDATED BALANCE SHEETS - USD ($)
Jul. 31, 2015
Jul. 31, 2014
CURRENT ASSETS    
Cash and cash equivalents $ 10,092,408 $ 8,839,892
Inventories 251,999 1,896,475
Prepaid expenses and deposits 444,500 726,984
Other current assets 18,711 19,872
Total Current Assets 10,807,618 11,483,223
MINERAL RIGHTS AND PROPERTIES 38,437,967 39,488,699
PROPERTY, PLANT AND EQUIPMENT 6,948,647 8,005,337
RECLAMATION DEPOSITS 1,706,025 5,678,629
Total Assets 57,900,257 64,655,888
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 2,538,544 2,088,284
Due to related parties 14,660 11,234
Current portion of long-term debt 1,666,667 0
Current portion of asset retirement obligations 340,827 198,816
Total Current Liabilities 4,560,698 2,298,334
DEFERRED INCOME TAX LIABILITIES 676,064 711,477
LONG-TERM DEBT 18,090,811 18,453,705
ASSET RETIREMENT OBLIGATIONS 3,586,019 3,768,773
Total Liabilities 26,913,592 25,232,289
STOCKHOLDERS' EQUITY    
Capital stock Common stock $0.001 par value: 750,000,000 shares authorized, 97,834,087 shares issued and outstanding (July 31, 2014 - 90,966,558) 97,841 90,972
Additional paid-in capital 222,927,529 208,008,312
Accumulated deficit (192,024,074) (168,662,146)
Accumulated other comprehensive loss (14,631) (13,539)
TOTAL STOCKHOLDERS' EQUITY 30,986,665 39,423,599
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 57,900,257 $ 64,655,888