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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Jul. 31, 2020
Jul. 31, 2019
Jul. 31, 2018
COSTS AND EXPENSES      
Mineral property expenditures $ 4,582,403 $ 4,487,537 $ 4,552,151
General and administrative 9,441,898 10,142,035 11,407,206
Depreciation, amortization and accretion 310,222 347,441 354,624
LOSS FROM OPERATIONS (14,334,523) (14,977,013) (16,313,981)
OTHER INCOME (EXPENSES)      
Interest income 181,520 433,031 227,534
Interest expenses and finance costs (3,460,970) (3,249,881) (2,952,202)
Income (loss) from equity-accounted investment 2,967,583 (1,103,356) 423,657
Other income 27,980 134,545 82,543
Gain (loss) on disposition of assets 2,343 1,595,513 (1,696)
OTHER EXPENSES (281,544) (2,190,148) (2,220,164)
LOSS BEFORE INCOME TAXES (14,616,067) (17,167,161) (18,534,145)
DEFERRED TAX BENEFITS 5,551 14,372 707,511
NET LOSS FOR THE YEAR (14,610,516) (17,152,789) (17,826,634)
OTHER COMPREHENSIVE (LOSS) INCOME, NET OF INCOME TAXES (132,705) 12,461 118,343
TOTAL COMPREHENSIVE LOSS FOR THE YEAR $ (14,743,221) $ (17,140,328) $ (17,708,291)
NET LOSS PER SHARE, BASIC AND DILUTED (in dollars per share) $ (0.08) $ (0.10) $ (0.11)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING, BASIC AND DILUTED (in shares) 183,041,766 175,844,624 157,123,025