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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2013
Dec. 31, 2012
Current Assets:    
Cash and cash equivalents $ 0 $ 11,863
Accounts receivable 37,344 24,795
Inventories 1,397,914 2,533,192
Prepaid expenses and other assets 152,593 172,300
Total Current Assets 1,587,851 2,742,150
Property and Equipment, at cost:    
Property and equipment 49,684,502 49,634,502
Less accumulated depreciation, depletion and amortization (6,943,767) (6,648,074)
Net Property and Equipment 42,740,735 42,986,428
Other Assets:    
Deposits 5,593 123,579
Restricted marketable securities 686,476 686,476
Debt issuance costs, net of accumulated amortization 0 54,604
Stockpiles and ore on leach pads 4,003,790 4,412,151
Total Other Assets 4,695,859 5,276,810
Total Assets 49,024,445 51,005,388
Current Liabilities:    
Accounts payable 4,884,846 4,490,509
Accrued expenses 2,385,453 1,845,712
Accrued interest 11,434,283 8,478,396
Copper derivatives settlement payable 16,106,691 16,106,691
Current maturity of long-term debt 6,164,964 6,183,499
Current maturities of senior long-term debt 23,257,826 23,257,826
Other current liabilities 609,007 379,194
Total Current Liabilities 64,843,070 60,741,827
Long-Term Liabilities:    
Deferred revenue, less current portion 4,621,481 4,623,366
Accrued reclamation costs 3,936,712 3,597,968
Other long-term liabilities 6,136 6,136
Total Long-Term Liabilities 8,564,329 8,227,470
Total Liabilities 73,407,399 68,969,297
Commitments and contingencies 0 0
Stockholders' Deficit:    
Common stock: $.01 par value, 400,000,000 shares authorized, 113,279,325 and 112,488,604 shares issued and outstanding as of September 30, 2013 and December 31, 2012, respectively 1,132,794 1,124,887
Additional paid-in capital 122,336,578 122,308,030
Accumulated deficit (147,852,326) (141,396,826)
Total Stockholders' Deficit (24,382,954) (17,963,909)
Total Liabilities and Stockholders' Deficit $ 49,024,445 $ 51,005,388