NONCASH INVESTING AND FINANCING ACTIVITIES

12 Months Ended

Dec. 31, 2011

NONCASH INVESTING AND FINANCING ACTIVITIES [Text Block]

24. NON–CASH INVESTING AND FINANCING ACTIVITIES

Supplemental Disclosure of Non–cash Investing and Financing Activities as
of December 31, 2011 and 2010:		2011			2010
Mark to market losses from cash flow hedges	$	-		$	(643,436	)
Refinancing of long-term liability with long-term debt		-			849,992
Refinancing of accounts payable with long-term debt		-			7,350,008
Common stock issued in exchange for deferred stock units		2,804			3,062
Capitalization of asset retirement obligation		(1,112,771	)		3,766,300
Change in depreciation expense allocated to inventories		(162,794	)		(55,394	)
Change in depreciation expense allocated to stockpiles and ore on leach pads		(274,519	)		(135,332	)
Change in property and equipment financed by accounts payable		(208,061	)		(762,830	)
Reclassification of amounts paid on accrued interest to copper derivatives settlement payable		829,768			-
Common stock issued for settlement of accounts payable		11,538			-