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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Oct. 31, 2015
Jul. 31, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 5,353,088 $ 10,092,408
Inventories 251,999 251,999
Prepaid expenses and deposits 564,608 444,500
Other current assets 16,887 18,711
Total Current Assets 6,186,582 10,807,618
MINERAL RIGHTS AND PROPERTIES 38,378,906 38,437,967
PROPERTY, PLANT AND EQUIPMENT 6,858,866 6,948,647
RECLAMATION DEPOSITS 1,706,026 1,706,025
Total Assets 53,130,380 57,900,257
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 1,818,514 2,538,544
Due to related parties 5,038 14,660
Current portion of long-term debt 6,666,667 1,666,667
Current portion of asset retirement obligations 0 340,827
Total Current Liabilities 8,490,219 4,560,698
DEFERRED INCOME TAX LIABILITIES 667,628 676,064
LONG-TERM DEBT 12,526,479 18,090,811
ASSET RETIREMENT OBLIGATIONS 4,005,180 3,586,019
Total Liabilities 25,689,506 26,913,592
STOCKHOLDERS' EQUITY    
Capital stock Common stock $0.001 par value: 750,000,000 shares authorized, 98,894,704 shares issued and outstanding (July 31, 2015 - 97,834,087) 98,904 97,841
Additional paid-in capital 224,452,908 222,927,529
Accumulated deficit (197,096,108) (192,024,074)
Accumulated other comprehensive loss (14,830) (14,631)
Total Stockholders' Equity 27,440,874 30,986,665
Total Liabilities and Stockholders' Equity $ 53,130,380 $ 57,900,257