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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Jul. 31, 2012
Jul. 31, 2011
Jul. 31, 2010
CASH (USED IN) PROVIDED BY: OPERATING ACTIVITIES      
Net loss for the year $ (25,083,720) $ (27,358,095) $ (14,478,669)
Adjustments to reconcile net loss to net cash from operating activities      
Stock-based compensation 2,909,503 6,342,739 7,029,390
Depreciation, amortization, depletion and accretion 2,219,924 1,155,959 794,504
Impairment loss on mineral properties 0 143,396 43,600
(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
Gain on sale of discontinued operations, net of income taxes 0 0 (8,534,081)
Deferred income tax benefit (61,788) 0 0
Non-cash financing charges 0 0 517,273
Other non-cash adjustment 0 0 (4,413)
Changes in operating assets and liabilities      
Accounts and interest receivable (166,626) (44,457) (19,555)
Inventories 899,847 (2,063,630) 0
Prepaid expenses and deposits (433,293) (96,985) (30,659)
Accounts payable and accrued liabilities 993,865 (42,485) 2,475,429
Settlement of asset retirement obligations (1,064,220) (1,212,942) (1,368,685)
NET CASH FLOWS USED IN OPERATING ACTIVITIES (19,208,463) (23,675,948) (13,572,189)
FINANCING ACTIVITIES      
Issuance of shares for cash, net of issuance costs 21,522,863 37,106,294 1,144,760
Settlement of convertible debentures (1,370,486) 0 0
Due to related parties 39,156 8,287 37,360
NET CASH FLOWS PROVIDED BY FINANCING ACTIVITIES 20,191,533 37,114,581 1,182,120
INVESTING ACTIVITIES      
Investment in mineral rights and properties (4,184,269) (1,453,767) (1,421,900)
Purchase of property, plant and equipment (1,321,678) (719,171) (166,648)
Settlement of loan assumed from acquisition of subsidiaries (260,650) (300,000) 0
Proceeds from disposition of assets 7,500 530,650 11,003,723
Proceeds from sale of investments 0 29,035 0
Reclamation deposits (932,740) (1,868,991) (223,087)
NET CASH FLOWS (USED IN) PROVIDED BY INVESTING ACTIVITIES (6,691,837) (3,782,244) 9,192,088
NET CASH FLOWS (5,708,767) 9,656,389 (3,197,981)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 30,724,051 21,067,662 24,265,643
CASH AND CASH EQUIVALENTS, END OF YEAR $ 25,015,284 $ 30,724,051 $ 21,067,662