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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
REVENUES      
Revenue - Mining $ 4,504,457      
Revenue - Hospitality 634,159 473,386   
Total revenues 5,138,616 473,386   
COST AND EXPENSES      
Costs applicable to mining revenue 3,554,727      
Hospitality operating costs 928,897 570,039   
Reclamation and exploration expenses 18,305,303 9,501,327 3,938,560
General and administrative 9,277,944 4,474,726 2,104,018
Consultants and professional fees 3,391,379 1,481,835 1,021,238
Total cost and expenses 35,458,250 16,027,927 7,063,816
LOSS FROM OPERATIONS (30,319,634) (15,554,541) (7,063,816)
OTHER INCOME (EXPENSE)      
Loss on extinguishment of debt       (26,350,890)
Change in fair value of debt beneficial conversion feature       (17,964,161)
Change in fair value of warrant       (2,642,084)
Change in fair value of derivatives 438,519 3,864,146 (2,869,504)
Interest expense (929,837) (80,630) (3,291,274)
Interest income 17,309 72,928 24,557
Other 31,370 15,785 (169,247)
Total other income (expense), net (442,639) 3,872,229 (53,262,603)
LOSS BEFORE INCOME TAXES (30,762,273) (11,682,312) (60,326,419)
INCOME TAX BENEFIT    76,081   
NET LOSS (30,762,273) (11,606,231) (60,326,419)
DIVIDENDS ON CONVERTIBLE PREFERRED STOCK (4,370,247) (4,696,766) (1,276,902)
NET LOSS AVAILABLE TO COMMON SHAREHOLDERS $ (35,132,520) $ (16,302,997) $ (61,603,321)
Net loss per common share - basic $ (0.87) $ (0.66) $ (3.18)
Net loss per common share - diluted $ (0.87) $ (0.66) $ (3.18)
Weighted average common shares outstanding - basic 40,497,098 24,640,774 19,383,007
Weighted average common shares outstanding - diluted 40,497,098 24,640,774 19,383,007