XML 29 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 6 Months Ended 143 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
REVENUE:          
Royalties $ 7,627 $ 6,937 $ 14,918 $ 15,245 $ 196,394
OPERATING EXPENSES:          
General and administrative 700,228 758,453 1,291,863 1,733,854 37,117,941
Technical services and exploration 604,421 625,090 1,086,339 1,420,914 34,510,015
Depreciation 206,091 232,745 412,792 467,648 6,770,568
Legal, accounting, and consulting 328,208 199,746 534,912 305,885 5,961,768
Fees, filing, and licenses 5,397 32,556 73,166 83,242 3,077,339
Impairment of mineral properties         504,492
Total operating expenses 1,844,345 1,848,590 3,399,072 4,011,543 87,942,123
LOSS FROM OPERATIONS (1,836,718) (1,841,653) (3,384,154) (3,996,298) (87,745,729)
OTHER INCOME:          
Gain from warrant derivatives         476,381
Gain from sale of assets 11,900   11,900   34,900
Gain on sale of available-for-sale securities         2,005,904
Interest income, net 2,481 6,110 6,206 13,677 3,293,103
Total other income 14,381 6,110 18,106 13,677 5,810,288
NET LOSS $ (1,822,337) $ (1,835,543) $ (3,366,048) $ (3,982,621) $ (81,935,441)
NET LOSS PER SHARE (basic and diluted) (in dollars per share) $ (0.06) $ (0.06) $ (0.12) $ (0.14)  
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (basic and diluted) 29,179,030 28,999,752 29,108,403 28,999,752