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INVESTMENT IN SEABRIDGE GOLD, INC. AND ACQUSITION OF A ROYALTY OPTION ON THE KERR-SULPHURETS-MITCHELL PROJECT (Details)
12 Months Ended 1 Months Ended 1 Months Ended
Jun. 30, 2011
USD ($)
Jun. 30, 2011
Seabridge
Jun. 30, 2011
Seabridge
Initial Shares
CAD
Jun. 30, 2011
Seabridge
Initial Shares
USD ($)
Jun. 16, 2011
Seabridge
Initial Shares
Jun. 30, 2011
Seabridge
Subsequent Shares
CAD
Jun. 30, 2011
Seabridge
Initial Royalty
CAD
Jun. 30, 2011
Seabridge
Increased Royalty
CAD
Investment in Seabridge Gold, Inc. and acquisition of a royalty option on the Kerr-Sulphurets-Mitchell project                
Common shares acquired in a private placement (in shares)     1,019,000 1,019,000        
Approximate percentage of common stock acquired (as a percent)         2.00%      
Payment made for common shares acquired $ 28,574,000   30,000,000 $ 30,700,000        
Payment made for common shares acquired (in dollars per share)     29.44 $ 30.14        
Premium on share price as a percentage to the volume weighted-average trading price of common shares (as a percent)     15.00% 15.00%   15.00%    
Trading period used to calculate premium on share price (in days)     5 5        
Holding period of shares as a condition to acquire royalty (in days)     270 270   270    
Percentage of royalty that can be acquired (as a percent)             1.25% 2.00%
Purchase price of royalty             100,000,000 60,000,000
Number of installments in which the purchase price of royalty is payable             3 3
Installment period in which the purchase price of royalty is payable (in days)             540 540
Maximum amount of additional common shares that can be acquired           18,000,000    
Exercisable period to acquire the Initial Royalty and the Increased Royalty (in days)   60