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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jul. 31, 2015
Jul. 31, 2014
Jul. 31, 2013
CASH PROVIDED BY (USED IN): OPERATING ACTIVITIES      
Net loss for the year $ (23,361,928) $ (25,975,107) $ (21,863,091)
Adjustments to reconcile net loss to cash flows in operating activities      
Stock-based compensation 5,617,748 1,309,450 1,015,787
Depletion, depreciation, amortization and accretion 3,546,933 4,048,870 2,778,624
Impairment loss on mineral property 349,805 653,224 0
Loss (gain) on disposition of assets 38 2,553 (4,249)
Realized loss on available-for-sale securities 3,023 0 45,750
Loss on fair value of variable share forward contract 0 331,130 0
Loss (gain) on settlement of current liabilities 0 20,581 (10,909)
Loss (gain) on settlement of asset retirement obligations 0 (9,831) 32,389
Deferred income tax benefit (35,413) (69,709) (10,753)
Changes in operating assets and liabilities      
Inventories 1,316,959 (700,679) 900,381
Prepaid expenses and deposits 46,866 426,549 (380,766)
Other current assets (2,954) 30,523 228,000
Accounts payable and accrued liabilities 243,686 (1,322,106) (1,899,859)
Settlement of asset retirement obligations 0 (13,551) (142,305)
NET CASH FLOWS USED IN OPERATING ACTIVITIES (12,275,237) (21,268,103) (19,311,001)
FINANCING ACTIVITIES      
Shares issuance for cash, net of issuance costs 9,650,530 6,559,523 46,464
Net proceeds from debt financing 0 9,972,944 9,405,946
Debt and equity financing costs 0 (635,746) 0
Due to related parties 3,426 1,663 (37,872)
NET CASH FLOWS PROVIDED BY FINANCING ACTIVITIES 9,653,956 15,898,384 9,414,538
INVESTING ACTIVITIES      
Investment in mineral rights and properties (78,626) (161,800) (275,030)
Purchase of property, plant and equipment (23,041) (163,276) (179,115)
Proceeds from disposition of assets 2,860 600 5,000
Cash proceeds from the release of reclamation deposits 5,663,158 0 0
Payment of collateral for surety bonds (1,690,208) 0 0
Decrease (increase) in reclamation deposits (346) 362,280 (497,869)
NET CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES 3,873,797 37,804 (947,014)
NET CASH FLOWS 1,252,516 (5,331,915) (10,843,477)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 8,839,892 14,171,807 25,015,284
CASH AND CASH EQUIVALENTS, END OF YEAR $ 10,092,408 $ 8,839,892 $ 14,171,807