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CONSOLIDATED BALANCE SHEETS - USD ($)
Jul. 31, 2016
Jul. 31, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 7,142,571 $ 10,092,408
Inventories 275,316 251,999
Prepaid expenses and deposits 533,977 444,500
Other current assets 48,777 18,711
Total Current Assets 8,000,641 10,807,618
MINERAL RIGHTS AND PROPERTIES 37,973,951 38,437,967
PROPERTY, PLANT AND EQUIPMENT 6,942,304 6,948,647
RECLAMATION DEPOSITS 1,706,027 1,706,025
OTHER LONG-TERM ASSET 1,553,388 0
Total Assets 56,176,311 57,900,257
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 1,822,447 2,538,544
Due to related parties 0 14,660
Current portion of long-term debt 0 1,666,667
Current portion of asset retirement obligations 0 340,827
Total Current Liabilities 1,822,447 4,560,698
DEFERRED INCOME TAX LIABILITIES 643,825 676,064
LONG-TERM DEBT 19,198,178 18,090,811
OTHER LONG-TERM LIABILITY 315,519 0
ASSET RETIREMENT OBLIGATIONS 3,746,464 3,586,019
Total Liabilities 25,726,433 26,913,592
STOCKHOLDERS' EQUITY    
Capital stock Common stock $0.001 par value: 750,000,000 shares authorized, 116,670,457 shares issued and outstanding (July 31, 2015 - 97,834,087) 116,670 97,841
Additional paid-in capital 239,701,884 222,927,529
Accumulated deficit (209,353,946) (192,024,074)
Accumulated other comprehensive loss (14,730) (14,631)
Total Stockholders' Equity 30,449,878 30,986,665
Total Liabilities and Stockholders' Equity 56,176,311 57,900,257
COMMITMENTS AND CONTINGENCIES