XML 51 R26.htm IDEA: XBRL DOCUMENT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS (Tables)

12 Months Ended

Jun. 30, 2011

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS

Geographic distribution of royalty revenue and long-lived assets (royalty interests in mineral properties, net)

	Royalty Revenue									Royalty Interests in Mineral Property, net

	Fiscal Year Ended June 30,									Fiscal Year Ended June 30,
	2011			2010			2009			2011			2010			2009
United States		24	%		40	%		56	%		3	%		5	%		13	%
Chile		21	%		4	%		1	%		40	%		42	%		6	%
Canada		19	%		4	%		2	%		36	%		27	%		19	%
Mexico		18	%		15	%		15	%		11	%		13	%		45	%
Africa⁽¹⁾		9	%		29	%		21	%		2	%		2	%		8	%
Australia		5	%		5	%		2	%		5	%		6	%		6	%
Other		4	%		3	%		3	%		3	%		5	%		3	%

⁽¹⁾: Consists of royalties on properties in Burkina Faso and Guinea.

Schedule of reclassifications of previously reported amounts

		Fiscal Year Ended June 30, 2010							Fiscal Year Ended June 30, 2009

		Previously Reported Balance		Reclass Adjustment			Adjusted Balance		Previously Reported Balance		Reclass Adjustment			Adjusted Balance
Costs and expenses:
	Costs of operations	$	6,235	$	(6,235	)	$	—	$	3,551	$	(3,551	)	$	—
	General and administrative		12,595		6,875			19,470		7,352		4,598			11,950
	Production taxes		—		2,863			2,863		—		1,951			1,951
	Exploration and business development		3,503		(3,503	)		—		2,998		(2,998	)		—

- Definition

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

+ References+ Details

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References+ Details