CONDENSED CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)
|
3 Months Ended | 9 Months Ended | 424 Months Ended | ||
---|---|---|---|---|---|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
|
Operating expenses | |||||
Consulting fees | $ 441,993 | $ 2,091,336 | $ 1,560,440 | $ 2,580,386 | $ 15,184,497 |
Depreciation | 5,445 | 7,911 | 16,361 | 23,732 | 260,192 |
Insurance | 73,123 | 82,420 | 215,962 | 229,425 | 1,132,139 |
Investor relations | 61,685 | 224,918 | 256,720 | 405,969 | 4,657,424 |
Mineral property exploration | 1,621,127 | 13,447,132 | 6,868,226 | 30,402,145 | 150,897,275 |
Office | 21,953 | 45,407 | 77,144 | 122,596 | 974,401 |
Other | 11,246 | 18,217 | 44,238 | 57,234 | 1,778,753 |
Professional fees | 89,384 | 194,736 | 363,116 | 447,009 | 3,465,501 |
Regulatory | 5,295 | 14,677 | 117,651 | 143,124 | 1,072,349 |
Rent | 53,924 | 58,068 | 171,093 | 180,987 | 1,022,081 |
Travel | 48,367 | 38,106 | 176,409 | 185,686 | 1,370,665 |
Wages and benefits | 1,426,493 | 4,189,034 | 5,066,580 | 10,368,246 | 43,477,138 |
Write-down of mineral properties | 1,605,522 | ||||
Total operating expenses | (3,860,035) | (20,411,962) | (14,933,940) | (45,146,539) | (226,897,937) |
Other income (expenses) | |||||
Gain (loss) on foreign exchange | (287,591) | (660,392) | 622,232 | (232,648) | 944,857 |
Interest income | 22,865 | 38,574 | 80,384 | 152,174 | 2,583,681 |
Income from mineral property earn-in | 141,948 | 660,744 | |||
Impairment of available-for-sale securities | (298,769) | (298,769) | |||
Spin-out cost | (775,249) | ||||
Unrealized gain/(loss) on derivative | (4,000,000) | 5,700,000 | (4,300,000) | 6,400,000 | |
Total other income (expense) | (264,726) | (4,621,818) | 6,103,847 | (4,238,526) | 9,515,264 |
Loss from continuing operations | (4,124,761) | (25,033,780) | (8,830,093) | (49,385,065) | (217,382,673) |
Loss from discontinued operations | (19,630,113) | ||||
Net loss for the period | (4,124,761) | (25,033,780) | (8,830,093) | (49,385,065) | (237,012,786) |
Other comprehensive income (loss) | |||||
Unrealized gain (loss) on marketable securities | 18,777 | 83,828 | (100,335) | (75,862) | (469,034) |
Reclassification of impairment of available-for-sale securities | 298,769 | 298,769 | |||
Exchange difference on translating foreign operations | 408,736 | 862,914 | (787,976) | 1,112,160 | 3,682,691 |
Total other comprehensive income (loss) for the period | 427,513 | 946,742 | (589,542) | 1,036,298 | 3,512,426 |
Comprehensive loss for the period | $ (3,697,248) | $ (24,087,038) | $ (9,419,635) | $ (48,348,767) | $ (233,500,360) |
Basic and fully diluted loss per share (in dollars per share) | $ (0.04) | $ (0.27) | $ (0.09) | $ (0.55) | |
Weighted average number of shares outstanding (in shares) | 98,068,638 | 92,918,976 | 98,068,638 | 88,777,442 |
X | ||||||||||
- Definition
Represents the amount of expenses incurred for consulting fees during the period. No definition available.
|
X | ||||||||||
- Definition
Represents the amount of income recognized by the entity during the period from mineral properties earned in. No definition available.
|
X | ||||||||||
- Definition
Represents the amount of investor relations expenses incurred during the period. No definition available.
|
X | ||||||||||
- Definition
Represents the amount of regulatory expenses incurred during the period. No definition available.
|
X | ||||||||||
- Definition
Represents the amount of spin-out costs incurred during the period. No definition available.
|
X | ||||||||||
- Definition
The charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
|
X | ||||||||||
- Definition
Exploration expenses (including prospecting) related to the mining industry would be included in operating expenses. Exploration costs include costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of mineral reserves. No definition available.
|
X | ||||||||||
- Definition
The aggregate foreign currency transaction gain (loss) (both realized and unrealized) included in determining net income for the reporting period. Excludes foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements. For certain enterprises, primarily banks, that are dealers in foreign exchange, foreign currency transaction gains (losses) may be disclosed as dealer gains (losses). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The expense in the period incurred with respect to protection provided by insurance entities against risks other than risks associated with production (which are allocated to cost of sales). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of income (loss) from a disposal group, net of income tax, reported as a separate component of income before extraordinary items after deduction or consideration of the amount allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Income derived from investments in debt and equity securities and on cash and cash equivalents. Interest income represents earnings which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Dividend income represents a distribution of earnings to shareholders by investee companies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate amount of expenditures for salaries, wages, profit sharing and incentive compensation, and other employee benefits, including equity-based compensation, and pension and other postretirement benefit expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
X | ||||||||||
- Definition
Rental expense for the reporting period incurred under operating leases, including minimum and any contingent rent expense, net of related sublease income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount before tax, net of reclassification adjustments, resulting from the process of expressing in the reporting currency of the reporting entity those amounts that are denominated or measured in a different currency, and from transactions whose terms are denominated in a currency other than the entity's functional currency, which is attributable to the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Before tax amount of other comprehensive income (loss) attributable to both parent entity and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Before tax amount of other comprehensive income (loss) attributable to the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Before tax amount of the income statement impact of the reclassification adjustment for unrealized (losses) realized upon the write-down of available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Before tax and reclassification adjustments amount of unrealized holding gain (loss) and transfers on available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents a sum total of expenses not separately reflected on the income statement for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of other than temporary impairment losses on investments in debt and equity securities categorized as Available-for-sale which have been recognized in earnings during the period. Such impairment losses consist of other than temporary impairments (OTTI) on equity securities, credit losses on investments in debt securities, and when the entity intends to sell an impaired debt security or it is more likely than not that the entity will be required to sell the impaired debt security before recovery of its amortized cost basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Expenses incurred for travel and entertainment during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
|