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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)
12 Months Ended
Jul. 31, 2012
Jul. 31, 2011
Jul. 31, 2010
SALES $ 13,757,400 $ 0 $ 0
COST OF SALES 8,112,040 0 0
GROSS PROFIT 5,645,360 0 0
EXPENSES      
Mineral property expenditures 14,938,722 11,420,180 6,438,714
General and administrative 14,036,974 15,187,066 15,154,329
Depreciation, amortization and accretion 1,275,557 1,155,959 794,504
Impairment loss on mineral properties 0 143,396 43,600
Total Operating Expenses 30,251,253 27,906,601 22,431,147
LOSS BEFORE OTHER ITEMS (24,605,893) (27,906,601) (22,431,147)
OTHER ITEMS      
Interest income 69,328 49,058 27,600
Interest expense (30,898) 0 0
Gain (loss) on disposition of assets 6,999 (9,234) (3,677)
Gain on sale of investments 0 508,682 0
Loss on fair value of convertible debentures (49,681) 0 0
Loss on settlement of convertible debentures (312,207) 0 0
Gain on settlement of accounts payable 221,292 0 0
Loss on settlement of asset retirement obligations (444,448) 0 0
Other income 0 0 30,549
Transaction costs 0 0 (636,075)
Total Non-Operating Income (Expense) (539,615) 548,506 (581,603)
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (25,145,508) (27,358,095) (23,012,750)
DEFERRED INCOME TAX BENEFIT 61,788 0 0
LOSS FROM CONTINUING OPERATIONS (25,083,720) (27,358,095) (23,012,750)
DISCONTINUED OPERATIONS      
Gain on sale of discontinued operations 0 0 8,534,081
INCOME FROM DISCONTINUED OPERATIONS       8,534,081
NET LOSS FOR THE YEAR (25,083,720) (27,358,095) (14,478,669)
OTHER COMPREHENSIVE (LOSS) INCOME, NET OF INCOME TAXES (52,753) 25,778 (5,752)
TOTAL COMPREHENSIVE LOSS FOR THE YEAR $ (25,136,473) $ (27,332,317) $ (14,484,421)
NET LOSS PER SHARE, BASIC AND DILUTED      
Loss from continuing operations $ (0.32) $ (0.4) $ (0.39)
Income from discontinued operations       $ 0.14
NET LOSS PER SHARE, BASIC AND DILUTED $ (0.32) $ (0.4) $ (0.25)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING, BASIC AND DILUTED 78,325,648 68,799,322 59,017,166