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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash Flows From Operating Activities:    
Net loss $ (7,187,568) $ (7,085,523)
Adjustments to reconcile net loss to net cash provided (used) by operating activities:    
Depreciation, depletion and amortization 590,364 743,148
Accretion expense on accrued reclamation costs 301,026 290,886
Amortization of debt issuance costs 251,505 259,477
Issuance of stock options for services rendered 62,597 159,206
Loss on sale and write-off of property and equipment 3,235 10,980
Issuance of deferred stock units for services rendered 78,750 78,750
Changes in assets and liabilities:    
Accounts receivable 135,611 (25,540)
Inventories, stockpiles and ore on leach pads 2,310,731 3,481,895
Prepaid expenses and other assets 8,385 (150,176)
Accounts payable 297,823 753,474
Accrued expenses 404,926 (316,407)
Accrued interest 2,650,718 2,431,896
Copper derivatives settlement payable 0 6,433,339
Derivative contracts at fair value (54,896) (6,859,481)
Deferred revenue (23,415) (36,448)
Other liabilities (8,500) (9,795)
Net Cash Provided (Used) By Operating Activities (178,708) 159,681
Cash Flows From Investing Activities:    
Capital expenditures (14,123) (627,612)
Net Cash Used By Investing Activities (14,123) (627,612)
Cash Flows From Financing Activities:    
Principal payments on long-term debt (7,500) (301,068)
Principal payments on capital lease (770) (12,638)
Proceeds from the issuance of debt - related parties 87,500 0
Net Cash Provided (Used) By Financing Activities 79,230 (313,706)
Net Decrease in Cash and Cash Equivalents (113,601) (781,637)
Cash and Cash Equivalents at Beginning of Period 118,058 1,120,023
Cash and Cash Equivalents at End of Period 4,457 338,386
Supplemental Disclosure of Cash Flow Information:    
Interest 151,893 453,011
Income taxes 0 0
Supplemental Disclosure of Non-cash Investing and Financing Activities:    
Common stock issued in exchange for deferred stock units 3,110 2,804
Common stock issued for settlement of accounts payable 0 11,538
Change in property and equipment financed by accounts payable (88,975) (202,274)
Change in depreciation expense allocated to inventory (84,991) (105,003)
Change in depreciation expense allocated to stockpiles and ore on leach pads (133,625) (238,409)
Change in estimate of cash flows for asset retirement obligation $ 0 $ (1,112,771)