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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Oct. 31, 2014
Jul. 31, 2014
CURRENT ASSETS    
Cash and cash equivalents $ 4,413,221 $ 8,839,892
Available-for-sale securities 4,587 4,811
Accounts and interest receivable 14,870 15,061
Inventories 2,012,387 1,896,475
Prepaid expenses and deposits 520,137 726,984
Current portion of deferred financing costs 83,811 83,811
Total Current Assets 7,049,013 11,567,034
DEFERRED FINANCING COSTS 146,669 167,621
MINERAL RIGHTS AND PROPERTIES 39,207,633 39,488,699
PROPERTY, PLANT AND EQUIPMENT 7,756,565 8,005,337
RECLAMATION DEPOSITS 5,678,974 5,678,629
Total Assets 59,838,854 64,907,320
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 1,763,200 2,088,284
Due to related parties 5,545 11,234
Current portion of asset retirement obligations 284,023 198,816
Total Current Liabilities 2,052,768 2,298,334
DEFERRED INCOME TAX LIABILITIES 689,974 711,477
LONG-TERM DEBT 19,007,595 18,705,137
ASSET RETIREMENT OBLIGATIONS 3,752,100 3,768,773
Total Liabilities 25,502,437 25,483,721
STOCKHOLDERS' EQUITY    
Capital stock Common stock $0.001 par value: 750,000,000 shares authorized, 91,529,711 shares issued and outstanding (July 31, 2014 - 90,966,558) 91,533 90,972
Additional paid-in capital 209,647,020 208,008,312
Accumulated deficit (175,388,373) (168,662,146)
Accumulated other comprehensive loss (13,763) (13,539)
Total Stockholders' Equity 34,336,417 39,423,599
Total Liabilities And Stockholders' Equity $ 59,838,854 $ 64,907,320