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