Statement of Financial Position (USD $)	Mar. 31, 2012	Dec. 31, 2011
Current Assets:
Cash and cash equivalents	$ 0	$ 118,058
Accounts receivable	212,810	345,382
Inventories	3,251,506	3,763,892
Prepaid expenses and other assets	149,146	159,986
Total Current Assets	3,613,462	4,387,318
Property and Equipment, at cost:
Property and equipment	50,597,099	50,518,198
Less accumulated depreciation, depletion and amortization	(6,444,488)	(6,313,728)
Net Property and Equipment	44,152,611	44,204,470
Other Assets:
Deposits	146,079	146,079
Restricted marketable securities	686,476	686,476
Debt issuance costs, net of accumulated amortization	282,192	368,684
Stockpiles and ore on leach pads	5,934,083	6,347,012
Total Other Assets	7,048,830	7,548,251
Total Assets	54,814,903	56,140,039
Current Liabilities:
Accounts payable	4,389,063	4,163,041
Accrued expenses	1,413,503	1,316,074
Accrued interest	5,686,544	4,933,337
Copper derivatives settlement payable	16,106,691	16,106,691
Current maturity of long-term debt	6,185,999	6,190,999
Current maturities of senior long-term debt	23,257,826	21,481,183
Current maturities of derivative contracts, at fair value	26,215	54,896
Senior long-term debt accelerated due to default	0	1,776,643
Other current liabilities	152,652	147,634
Total Current Liabilities	57,218,493	56,170,498
Long-Term Liabilities:
Deferred revenue, less current portion	4,638,649	4,646,868
Accrued reclamation costs	3,294,736	3,195,497
Other long-term liabilities	6,135	14,635
Total Long-Term Liabilities	7,939,520	7,857,000
Total Liabilities	65,158,013	64,027,498
Commitments and contingencies	0	0
Stockholders' Deficit:
Common stock: $.01 par value, 400,000,000 shares authorized, 112,488,604 and 112,177,627 shares issued and outstanding as of March 31, 2012 and December 31, 2011, respectively	1,124,887	1,121,777
Additional paid-in-capital	122,182,373	122,133,246
Accumulated deficit	(133,650,370)	(131,142,482)
Total Stockholders' Deficit	(10,343,110)	(7,887,459)
Total Liabilities and Stockholders' Deficit	$ 54,814,903	$ 56,140,039