Entrée Resources (ERLFF) 20-F 31 Mar 15 2014 FY Annual report (foreign) Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2014
ShareBasedCompensationStockOptionSevenMember
Entity Registrant Name	ENTREE GOLD INC
Entity Central Index Key	1271554
Document Type	20-F
Document Period End Date	31-Dec-14
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float	$50,227,799
Entity Common Stock, Shares Outstanding	146,984,385
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2014

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2014	Dec. 31, 2013
Current
Cash and cash equivalents (Note 3)	$33,517,096	$46,701,216
Receivables	133,729	203,346
Prepaid expenses	856,358	751,140
Total current assets	34,507,183	47,655,702
Equipment (Note 5)	177,566	288,943
Mineral property interests (Note 6)	44,419,538	48,806,565
Reclamation deposits	474,959	491,808
Other assets	111,252	152,087
Total assets	79,690,498	97,395,105
Current
Accounts payable and accrued liabilities	1,903,472	1,261,206
Loans payable to Oyu Tolgoi LLC (Note 7)	6,355,408	5,978,133
Deferred revenue (Note 8)	34,507,372	37,638,211
Deferred income tax liabilities (Note 11)	3,407,124	7,340,516
Total liabilities	46,173,376	52,218,066
Stockholders' equity
Common stock, no par value, unlimited number authorized, (Note 9) 146,984,385 (December 31, 2013 - 146,734,385) issued and outstanding	177,138,693	177,065,075
Additional paid-in capital	20,346,551	20,095,161
Accumulated other comprehensive income (loss) (Note 14)	-2,850,122	465,615
Accumulated deficit	-161,118,000	-152,448,812
Total stockholders' equity	33,517,122	45,177,039
Total liabilities and stockholders' equity	$79,690,498	$97,395,105

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Stockholders equity:
Common stock, par value	$0	$0
Common stock, Unlimited authorized shares	unlimited	unlimited
Common stock, issued shares	146,984,385	146,734,385
Common stock, outstanding shares	146,984,385	146,734,385

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
EXPENSES
Exploration (Note 6)	$9,054,887	$6,102,992	$8,234,354
General and administration	4,151,910	6,638,262	5,236,226
Consultancy and advisory fees	830,623	1,941,130	0
Impairment of mineral property interests (Note 6)	552,095	437,732	486,746
Depreciation	65,517	102,941	150,654
Gain on sale of mineral property interests	-28,096	-451,892	-104,914
Foreign exchange gain	-1,978,854	-1,113,728	-187,773
Loss from operations	-12,648,082	-13,657,437	-13,815,293
Interest income	295,023	431,596	190,449
Interest expense (Note 4)	-264,869	-260,453	-229,359
Loss from equity investee (Note 4)	-107,907	-146,051	-1,012,156
Fair value adjustment of asset backed commercial paper	0	147,564	0
Loss before income taxes	-12,725,835	-13,484,781	-14,866,359
Current income tax recovery (expense) (Note 11)	123,255	-319,112	0
Deferred income tax recovery (expense) (Note 11)	3,933,392	2,381,868	-329,770
Net loss	-8,669,188	-11,422,025	-15,196,129
Comprehensive loss:
Net loss	-8,669,188	-11,422,025	-15,196,129
Foreign currency translation adjustment (Note 14)	-3,315,737	-2,787,404	1,351,668
Comprehensive loss:	($11,984,925)	($14,209,429)	($13,844,461)
Basic and diluted net loss per share	($0.06)	($0.08)	($0.12)
Weighted average number of common shares outstanding	146,883,700	143,847,888	128,650,791

CONSOLIDATED_STATEMENT_OF_STOC

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (USD $)	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit	Total
Beginning Balance, Amount at Dec. 31, 2011	$165,574,192	$17,420,307	$1,901,351	($125,830,658)	$59,065,192
Beginning Balance, Shares at Dec. 31, 2011	127,016,788
Exercise of over allotment, Shares	1,320,455
Exercise of over allotment, Amount	1,628,583				1,628,583
Exercise of stock options, Shares	0
Exercise of stock options, Value	-44,679	44,679
Mineral property interests, Shares	540,000
Mineral property interests, Amount	378,776				378,776
Stock-based compensation		1,207,878			1,207,878
Share issuance costs	-108,058				-108,058
Foreign currency translation adjustment			1,351,668		1,351,668
Net loss				-15,196,129	-15,196,129
Ending Balance, Amount at Dec. 31, 2012	167,428,814	18,672,864	3,253,019	-141,026,787	48,327,910
Ending Balance, Shares at Dec. 31, 2012	128,877,243
Private Placements, Shares	17,857,142
Private Placements, Amount	9,722,897				9,722,897
Stock-based compensation		1,422,297			1,422,297
Share issuance costs	-86,636				-86,636
Foreign currency translation adjustment			-2,787,404		-2,787,404
Net loss				-11,422,025	-11,422,025
Ending Balance, Amount at Dec. 31, 2013	177,065,075	20,095,161	465,615	-152,448,812	45,177,039
Ending Balance, Shares at Dec. 31, 2013	146,734,385
Mineral property interests, Shares	250,000
Mineral property interests, Amount	73,618				73,618
Stock-based compensation		251,390			251,390
Foreign currency translation adjustment			-3,315,737		-3,315,737
Net loss				-8,669,188	-8,669,188
Ending Balance, Amount at Dec. 31, 2014	$177,138,693	$20,346,551	($2,850,122)	($161,118,000)	$33,517,122
Ending Balance, Shares at Dec. 31, 2014	146,984,385

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	($8,669,188)	($11,422,025)	($15,196,129)
Items not affecting cash:
Depreciation	65,517	102,941	150,654
Stock-based compensation	251,390	1,422,297	1,207,878
Loss from equity investee	107,907	146,051	1,012,156
Interest expense	264,869	260,453	229,359
Deferred income tax expense (recovery)	-3,933,392	-2,381,868	329,770
Gain on sale of mineral property interests	-28,096	-451,892	-104,914
Impairment of mineral property interests	552,095	437,732	486,746
Unrealized foreign exchange gain	-1,966,349	-919,289	-178,639
Other items not affecting cash	38,075	44,202	67,021
Changes in assets and liabilities:
Receivables	55,362	6,109	209,098
Prepaid expenses	-176,164	-22,569	197,321
Other assets	35,451	-3,592	22,913
Accounts payable and accrued liabilities	784,886	760,600	-1,235,090
Deposit on metal credit delivering obligation	0	40,000,000	0
Net cash provided by (used in) operating activities	-12,617,637	27,979,150	-12,801,856
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of capital stock	0	9,722,897	1,628,583
Share issue costs	0	-86,636	-108,058
Net cash provided by financing activities	0	9,636,261	1,520,525
CASH FLOWS FROM INVESTING ACTIVITIES
Mineral property interests	-100,000	-50,000	-3,910,000
Reclamation deposits	17,249	115,180	-207,962
Short-term investments	0	0	5,076,271
Acquisition of equipment	-13,074	-7,623	-35,893
Proceeds from sale of royalty interest	0	5,000,000	0
Proceeds from sale of mineral property interests	28,096	451,892	104,914
Net cash provided by (used in) investing activities	-67,729	5,509,449	1,027,330
Effect of foreign currency translation on cash and cash equivalents	-498,754	-679,152	-2,689
Change in cash and cash equivalents during the year	-13,184,120	42,445,708	-10,256,690
Cash and cash equivalents, beginning of the year	46,701,216	4,255,508	14,512,198
Cash and cash equivalents, end of the year	-33,517,096	-46,701,216	-4,255,508
Cash paid for interest during the year	0	0	0
Cash paid for income taxes during the year	($135,583)	$0	$0

1_NATURE_AND_CONTINUANCE_OF_OP

1. NATURE AND CONTINUANCE OF OPERATIONS	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Note 1. NATURE AND CONTINUANCE OF OPERATIONS	Entrée Gold Inc. was incorporated under the laws of the Province of British Columbia on July 19, 1995 and continued under the laws of the Yukon Territory on January 22, 2003. On May 27, 2005, Entrée Gold Inc. changed its governing jurisdiction from the Yukon Territory to British Columbia by continuing into British Columbia under the Business Corporations Act (British Columbia). The principal business activity of Entrée Gold Inc., together with its subsidiaries (collectively referred to as the “Company”), is the exploration of mineral property interests. To date, the Company has not generated significant revenues from its operations and is considered to be in the exploration stage.
	All amounts are expressed in United States dollars, except for certain amounts denoted in Canadian dollars ("C$"), and Australian dollars ("A$").
	These consolidated financial statements have been prepared on the assumption that the Company will be able to realize its assets and discharge its liabilities in the normal course of business. The Company currently earns no operating revenues. Continued operations of the Company are dependent upon the Company’s ability to secure additional equity capital or receive other financial support, and in the longer term to generate profits from business operations. Management believes that the Company has sufficient working capital to maintain its operations for the next fiscal year.

2_SIGNIFICANT_ACCOUNTING_POLIC

2. SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Note 2. SIGNIFICANT ACCOUNTING POLICIES	Principles of consolidation
	These consolidated financial statements have been prepared in conformity with generally accepted accounting principles ("GAAP") in the United States of America and include the accounts of the Company and all of its subsidiaries. All significant intercompany transactions and balances have been eliminated upon consolidation.
	Use of estimates
	The preparation of consolidated financial statements in accordance with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to deferred income tax asset valuations, asset impairment, stock-based compensation, valuation of asset-backed commercial paper and loss contingencies. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgements about the other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between estimates and the actual results, future results of operations will be affected.
	Cash and cash equivalents
	Cash and cash equivalents includes cash in banks, money market funds, and certificates of term deposits with maturities of less than three months from inception, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value. The Company had $33,517,096 in cash at December 31, 2014.
	Long-term investments
	Long-term investments in companies in which the Company has voting interests of 20% to 50% or where the Company has the ability to exercise significant influence, are accounted for using the equity method. Under this method, the Company’s share of the investees’ earnings and losses is included in operations and its investments therein are adjusted by a like amount. Dividends received are credited to the long-term investment accounts.
	Other long-term investments are classified as "available-for-sale" investments and unrealized gains and losses on these investments are recorded in accumulated other comprehensive income as a separate component of stockholders’ equity, unless the declines in market value are judged to be other than temporary, in which case the losses are recognized in income in the period. Gains and losses from the sale of these investments are included in income in the period.
	Equipment
	Equipment, consisting of office, computer, field equipment and buildings, is recorded at cost less accumulated depreciation. Depreciation is recorded on a declining balance basis at rates ranging from 20% to 30% per annum.
	Mineral property interests
	Costs of exploration and costs of carrying and retaining unproven properties are expensed as incurred. The Company considers mineral rights to be tangible assets and accordingly, the Company capitalizes certain costs related to the acquisition of mineral rights.
	Asset retirement obligation
	The Company records the fair value of the liability for closure and removal costs associated with the legal obligations upon retirement or removal of any tangible long-lived assets where the initial recognition of any liability will be capitalized as part of the asset cost and depreciated over its estimated useful life. To date, the Company has not incurred any asset retirement obligations.
	Impairment of long-lived assets
	Long-lived assets are continually reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the discounted carrying amount of the assets exceeds the fair value of the assets.
	Stock-based compensation
	The Company applies the fair value method of accounting for all stock option awards, whereby the Company recognizes a compensation expense for all stock options awarded to employees, officers and consultants based on the fair value of the options on the date of grant, which is determined using the Black Scholes option pricing model. The options are expensed over the vesting period of the options.
	Financial instruments
	The Company classifies financial assets and liabilities as held-for-trading, available-for-sale, held-to-maturity, loans and receivables or other financial liabilities depending on their nature. Financial assets and financial liabilities are recognized at fair value on their initial recognition, except for those arising from certain related party transactions which are accounted for at the transferor’s carrying amount or exchange amount.
	Financial assets and liabilities classified as held-for-trading are measured at fair value, with gains and losses recognized in net income. Financial assets classified as held-to-maturity, loans and receivables, and financial liabilities other than those classified as held-for-trading are measured at amortized cost, using the effective interest method of amortization. Financial assets classified as available-for-sale are measured at fair value, with unrealized gains and losses being recognized as other comprehensive income until realized, or if an unrealized loss is considered other than temporary, the unrealized loss is recorded in income.
	The Company classifies its financial instruments as follows:
	Cash and cash equivalents is classified as held for trading, and is measured at fair value using Level 1 inputs. Receivables and accounts payable and accrued liabilities, are classified as loans and receivables, and have a fair value approximating their carrying value, due to their short-term nature. The Company’s other financial instruments, reclamation deposits, and loans payable are classified as loans and receivables, and are measured at amortized cost.
	Income taxes
	The Company follows the asset and liability method of accounting for income taxes whereby deferred income taxes are recognized for the deferred income tax consequences attributable to differences between the financial statement carrying values of existing assets and liabilities and their respective income tax bases (temporary differences). Deferred income tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the years in which temporary differences are expected to be recovered or settled. The effect on deferred income tax assets and liabilities of a change in tax rates is included in income in the period in which the change occurs. The amount of deferred income tax assets recognized is limited to the amount that is more likely than not to be realized.
	Foreign currency translation
	The functional currency of Entrée Gold Inc. is the Canadian dollar. Accordingly, monetary assets and liabilities denominated in a foreign currency are translated at the exchange rate in effect at the balance sheet date while non-monetary assets and liabilities denominated in a foreign currency are translated at historical rates. Revenue and expense items denominated in a foreign currency are translated at exchange rates prevailing when such items are recognized in the statement of operations and comprehensive loss. Exchange gains or losses arising on translation of foreign currency items are included in the statement of operations and comprehensive loss. The functional currency of Entrée Gold Inc.’s significant subsidiaries is the United Sates dollar. Upon translation into Canadian dollars for consolidation, monetary assets and liabilities are translated at the exchange rate in effect at the balance sheet date while non-monetary assets and liabilities are translated at historical rates. Revenue and expense items are translated at exchange rates prevailing when such items are recognized in the statement of operations and comprehensive loss. Exchange gains or losses arising on translation of foreign currency items are included in the statement of operations and comprehensive loss.
	The Company follows the current rate method of translation with respect to its presentation of these consolidated financial statements in the reporting currency, which is the United States dollar. Accordingly, assets and liabilities are translated into United States dollars at the period-end exchange rates while revenue and expenses are translated at the prevailing exchange rates during the period. Related exchange gains and losses are included in a separate component of stockholders’ equity as accumulated other comprehensive income.
	Net loss per share
	Basic net loss per share is computed by dividing the net loss for the period attributable to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share takes into consideration shares of common stock outstanding (computed under basic loss per share) and potentially dilutive shares of common stock. Diluted net loss per share is not presented separately from basic net loss per share as the conversion of outstanding stock options and warrants into common shares would be anti-dilutive. At December 31, 2014, the total number of potentially dilutive shares of common stock excluded from basic net loss per share was 13,779,000 (December 31, 2013 - 14,400,500; December 31, 2012 - 9,223,000).
	Comparative figures
	Certain comparative figures have been reclassified to conform with the current year’s presentation.
	Recent accounting pronouncements
	In June 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (ASU) No. 2014-10, “Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation”. This ASU does the following, among other things: a) eliminates the requirement to present inception-to-date information on the statements of income, cash flows, and shareholders' equity, b) eliminates the need to label the financial statements as those of a development stage entity, c) eliminates the need to disclose a description of the development stage activities in which the entity is engaged, and d) amends FASB ASC 275, “Risks and Uncertainties”, to clarify that information on risks and uncertainties for entities that have not commenced planned principal operations is required. The amendments in ASU No. 2014-10 related to the elimination of Topic 915 disclosures and the additional disclosure for Topic 275 are effective for public companies for annual and interim reporting periods beginning after December 15, 2014. Early adoption is permitted. The Company has evaluated this ASU and early adopted for the period beginning on April 1, 2014.
	In August 2014, the FASB issued “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern” (“ASU 2014-15”). Historically, there has been no guidance in GAAP about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern. This ASU clarifies when and how management should be assessing their ability to continue as a going concern. ASU 2014-15 is effective for fiscal years ending after December 15, 2016. Early adoption of this standard is permitted, and the Company expects to adopt the standard for the fiscal year ending December 31, 2015. The Company expects the adoption of ASU 2014-15 will have an impact on the frequency with which going concern assessments are conducted but does not expect the adoption to have significant changes to existing disclosure.

3_CASH_AND_CASH_EQUIVALENTS

3. CASH AND CASH EQUIVALENTS	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Note 3. CASH AND CASH EQUIVALENTS	Cash and cash equivalents consist of cash at bank and in hand of $33,517,096 as at December 31, 2014 (December 31, 2013 - $46,701,216).

4_LONGTERM_INVESTMENTS

4. LONG-TERM INVESTMENTS	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Note 4. LONG-TERM INVESTMENTS	Equity Method Investment
	The Company accounts for its interest in a joint venture with Oyu Tolgoi LLC (“OTLLC”), a company owned 66% by Turquoise Hill Resources Ltd. (formerly Ivanhoe Mines Ltd.) (“Turquoise Hill”) and 34% by the Government of Mongolia (Note 7), as a 20% equity investment. The Company’s share of the loss of the joint venture is $107,907 for the year ended December 31, 2014 (December 31, 2013 - $146,051; December 31, 2012 - $1,012,156) plus accrued interest expense of $264,869 for the year ended December 31, 2014 (December 31, 2013 - $260,453; December 31, 2012 - $229,359).

5_EQUIPMENT

5. EQUIPMENT	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Note 5. EQUIPMENT				31-Dec-14							31-Dec-13
					Accumulated		Net Book					Accumulated		Net Book
		Cost			Depreciation		Value		Cost			Depreciation		Value
	Office equipment	$	81,314		$	60,877	$	20,437	$	92,057		$	64,123	$	27,934
	Computer equipment		363,823			290,361		73,462		459,426			349,636		109,790
	Field equipment		217,036			141,797		75,239		251,604			144,786		106,818
	Buildings		48,762			40,334		8,428		246,540			202,139		44,401
		$	710,935		$	533,369	$	177,566	$	1,049,627		$	760,684	$	288,943

6_MINERAL_PROPERTY_INTERESTS

6. MINERAL PROPERTY INTERESTS	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Note 6. MINERAL PROPERTY INTERESTS	Title to mineral property interests involves certain inherent risks due to the difficulties of determining the validity of certain claims as well as the potential for problems arising from the frequently ambiguous conveyancing history characteristic of many mineral property interests. The Company has investigated title to its mineral property interests and, except as otherwise disclosed below, to the best of its knowledge, title to the mineral property interests is in good standing.
	Material Properties
	The Company’s two principal assets are the Ann Mason project (the “Ann Mason Project”) in Nevada and its interest in the Lookout Hill property in Mongolia.
	Ann Mason, Nevada, United States
	The Ann Mason Project is defined by a series of both unpatented lode claims on public land administered by the Bureau of Land Management, and title to patented lode claims. The project area includes the Ann Mason and the Blue Hill deposits, several early-stage copper porphyry targets including the Blackjack IP, Blackjack Oxide, Roulette and Minnesota targets, and the Minnesota, Shamrock and Ann South copper skarn targets.
	Certain of the unpatented lode claims are leased to the Company pursuant to a mining lease and option to purchase agreement ("MLOPA") with two individuals. Under the MLOPA, the Company has the option to purchase the claims for $500,000, which, if exercised, will be subject to a 3% net smelter returns ("NSR") royalty (which may be bought down to a 1% NSR royalty for $2 million). The MLOPA also provides for annual advance minimum royalty payments of $27,500 which commenced in 2011 and will continue until the commencement of sustained commercial production. The advance payments will be credited against future royalty payments or the buy down of the royalty.
	In September 2009, the Company entered into an agreement whereby the Company may acquire an 80% interest in certain unpatented lode claims formerly known as the Roulette property. In order to acquire its interest, the Company must: (a) incur expenditures of $1,000,000, make cash payments of $140,000 and issue 85,000 common shares of the Company within three years (completed); (b) make aggregate advance royalty payments totalling $375,000 between the fifth and tenth anniversaries of the agreement ($50,000 of which has been paid); and (c) deliver a bankable feasibility study before the tenth anniversary of the agreement.
	In February 2013, the Company entered into an agreement with Sandstorm Gold Ltd. ("Sandstorm") whereby the Company granted Sandstorm a 0.4% NSR royalty over certain of the unpatented lode claims, including the claims covering the Ann Mason and Blue Hill deposits, in return for an upfront payment of $5 million (the "Sandstorm NSR Payment") which was recorded as a recovery to acquisition costs. In addition, certain of the patented lode claims are subject to a 2% NSR royalty.
	During the year ended December 31, 2014, the Company acquired certain upatented lode claims within or continguous to the boundaries of its Ann Mason Project pursuant to which the Company paid $100,000 and issued 250,000 common shares valued at $73,618.
	Lookout Hill, Mongolia
	The Lookout Hill property in the South Gobi region of Mongolia is comprised of two mining licences, Shivee Tolgoi and Javhlant, granted by the Mineral Resources Authority of Mongolia ("MRAM") in October 2009. Title to the two licences is held by the Company.
	In October 2004, the Company entered into an arm’s-length Equity Participation and Earn-In Agreement (the "Earn In Agreement") with Turquoise Hill. Under the Earn-In Agreement, Turquoise Hill agreed to purchase equity securities of the Company, and was granted the right to earn an interest in what is now the eastern portion of the Shivee Tolgoi mining licence and all of the Javhlant mining licence (together the "Joint Venture Property"). Most of Turquoise Hill’s rights and obligations under the Earn-In Agreement were subsequently assigned by Turquoise Hill to what was then its wholly-owned subsidiary, OTLLC. The Government of Mongolia subsequently acquired a 34% interest in OTLLC from Turquoise Hill.
	On June 30, 2008, OTLLC gave notice that it had completed its earn-in obligations by expending a total of $35 million on exploration of the Joint Venture Property. OTLLC earned an 80% interest in all minerals extracted below a sub-surface depth of 560 metres from the Joint Venture Property and a 70% interest in all minerals extracted from surface to a depth of 560 metres from the Joint Venture Property. In accordance with the Earn-In Agreement, the Company and OTLLC formed a joint venture (the "Entrée-OTLLC Joint Venture") on terms annexed to the Earn-In Agreement.
	The portion of the Shivee Tolgoi mining licence outside of the Joint Venture Property ("Shivee West") is 100% owned by the Company, but is subject to a right of first refusal by OTLLC.
	The conversion of the original Shivee Tolgoi and Javhlant exploration licences into mining licences was a condition precedent to the Investment Agreement (the "Investment Agreement") between Turquoise Hill, OTLLC, the Government of Mongolia and Rio Tinto International Holdings Limited. The licences are part of the contract area covered by the Investment Agreement, although the Company is not a party to the Investment Agreement. The Shivee Tolgoi and Javhlant mining licences were each issued for a 30 year term and have rights of renewal for two further 20 year terms.
	On February 27, 2013, notice (the "Notice") was delivered to the Company that the Ministry of Mining had cancelled the July 2009 Order (the "2009 Order") registering the reserves on the Joint Venture Property. The Notice stated that the 2009 Order breached sections of the Minerals Law of Mongolia and Charter of the Minerals Resource Counsel that give the head of MRAM the authority to register reserves, rather than the Minister of Mineral Resources and Energy. The Notice further advised that the Company is temporarily restricted from transferring, selling or leasing the Shivee Tolgoi and Javhlant mining licences. On September 4, 2013, the Minister of Mining issued Order No. 179, advising the Minerals Professional Council to re-submit its previous conclusions regarding the reserves to MRAM for review and registration. On September 6, 2013, the head of MRAM ordered that the reserves on the Joint Venture Property be registered. The Company was also subsequently advised that the temporary transfer restriction on the joint venture mining licences will be lifted.
	As of December 31, 2014, the Entrée-OTLLC Joint Venture had expended approximately $26.9 million to advance the Joint Venture Property. Under the terms of the Entrée-OTLLC Joint Venture, OTLLC contributed on behalf of the Company its required participation amount charging interest at prime plus 2% (Note 7).
	Other Properties
	The Company also has interests in non-material properties in Australia, the United States and Peru. During the year ended December 31, 2014, the Company recorded an impairment of mineral property interests of $552,095 (December 31, 2013 - $437,732; December 31, 2012 - $486,746) against these properties.
	Capitalized mineral property acquisition costs are summarized as follows:
			December 31,		December 31,
			2014		2013
		Ann Mason	$	43,966,474	$	47,777,956
		Other		453,064		1,028,609
		Total	$	44,419,538	$	48,806,565
	Ann Mason capitalized mineral property acquisition costs are net of the $5 million Sandstorm NSR Payment.
	Expensed exploration costs are summarized as follows:
			Year Ended		Year Ended		Year Ended
			December 31,		December 31,		December 31,
			2014		2013		2012
		US	$	7,066,997	$	3,940,264	$	5,857,999
		Mongolia		1,672,341		1,355,493		1,964,883
		Other		315,549		807,235		411,472
		Total all locations	$	9,054,887	$	6,102,992	$	8,234,354

7_LOANS_PAYABLE

7. LOANS PAYABLE	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Note 7. LOANS PAYABLE	Under the terms of the Entrée-OTLLC Joint Venture (Note 6), OTLLC will contribute funds to approved joint venture programs and budgets on the Company’s behalf. Interest on each loan advance shall accrue at an annual rate equal to OTLLC’s actual cost of capital or the prime rate of the Royal Bank of Canada, plus two percent (2%) per annum, whichever is less, as at the date of the advance. The loans will be repayable by the Company monthly from ninety percent (90%) of the Company’s share of available cash flow from the Entrée-OTLLC Joint Venture. In the absence of available cash flow, the loans will not be repayable. The loans are not expected to be repaid within one year.

8_SANDSTORM_FINANCING_ARRANGEM

8. SANDSTORM FINANCING ARRANGEMENT	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
8. SANDSTORM FINANCING ARRANGEMENT	In February 2013, the Company entered into an equity participation and funding agreement with Sandstorm that provided an upfront deposit (the "Deposit") from Sandstorm of $40 million. The Company will use future payments that it receives from its mineral property interests to purchase and deliver metal credits to Sandstorm, in amounts that are indexed to the Company’s share of gold, silver and copper production from the Joint Venture Property as follows:
		•	25.7% of the Company’s share of gold and silver, and 2.5% of the Company’s share of copper, produced from the portion of the Shivee Tolgoi mining licence included in the Joint Venture Property; and
		•	33.8% of the Company’s share of gold and silver, and 2.5% of the Company’s share of copper, produced from the Javhlant mining licence.
	In addition to the Deposit, upon delivery of the metal credits Sandstorm will make a cash payment to the Company equal to the lesser of the prevailing market price and $220 per ounce of gold, $5 per ounce of silver and $0.50 per pound of copper (subject to inflation adjustments). After approximately 8.6 million ounces of gold, 40.3 million ounces of silver and 9.1 billion pounds of copper have been produced from the entire Joint Venture Property, the cash payment will increase to the lesser of the prevailing market price and $500 per ounce of gold, $10 per ounce of silver and $1.10 per pound of copper (subject to inflation adjustments). To the extent that the prevailing market price is greater than the amount of the cash payment, the difference between the two will be credited against the Deposit (the net amount of the Deposit being the "Unearned Balance").
	In the event of a partial expropriation of the Company’s economic interest, contractually or otherwise, in the Joint Venture Property, which is not reversed during the abeyance period provided for in the equity participation and funding agreement, the Company will be required to return a pro rata portion of the Deposit (the amount of the repayment not to exceed the amount of the Unearned Balance) and the metal credits that the Company is required to deliver will be reduced proportionately. In the event of a full expropriation, the full amount of the Unearned Balance must be returned with interest.
	The Company is not required to deliver actual metal, and the Company may use revenue from any of its assets to purchase the requisite amount of metal credits.
	The Company recorded the Deposit as deferred revenue and will recognize amounts in revenue as metal credits are delivered to Sandstorm.
	In addition, the Company entered into an agreement with Sandstorm whereby the Company granted Sandstorm a 0.4% NSR royalty over certain of the Ann Mason Project claims, including the claims covering the Ann Mason and Blue Hill deposits, in return for the Sandstorm NSR Payment of $5 million which was recorded as a recovery to acquisition costs.
	The Company also completed a private placement with Sandstorm for gross proceeds of $9,722,897 during the year ended December 31, 2013.
	The transaction costs related to the Sandstorm financing arrangement incurred in 2013 were $936,926 for consultancy and advisory fees, $192,203 for legal fees included in general and administration expenses and $86,636 for share issuance costs.

9_COMMON_STOCK

9. COMMON STOCK	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Note 9. COMMON STOCK	Share issuances
	In January 2012, the underwriters for the Company’s November 2011 marketed offering exercised their over allotment option pursuant to which the Company issued 1,150,000 common shares at a price of C$1.25 per share. Rio Tinto elected to exercise its pre-emptive rights and purchased an additional 170,455 shares at a price of C$1.25 per share. The total gross proceeds from the over allotment were $1,628,583. Related share issuance costs were $108,058.
	In January 2012, the Company issued 40,000 shares at a fair value of $52,293 to acquire certain claims within or contiguous to the boundaries of its Ann Mason Project.
	In June 2012, the Company issued 500,000 shares at a fair value of $326,483 to purchase a 100% interest in the Lordsburg and Oak Grove properties.
	In March 2013, the Company completed a private placement with Sandstorm consisting of 17,857,142 common shares issued at a price of C$0.56 per share for gross proceeds of $9,722,897.  Related share issuance costs were $86,636.
	In May 2014, the Company issued 250,000 shares at a fair value of $73,618 to acquire certain claims within the boundaries of its Ann Mason Project.
	Stock options
	The Company has adopted a stock option plan (the "Plan") to grant options to directors, officers, employees and consultants. Under the Plan, the Company may grant options to acquire up to 10% of the issued and outstanding shares of the Company. Options granted can have a term of up to ten years and an exercise price typically not less than the Company's closing stock price on the last trading day before the date of grant. Vesting is determined at the discretion of the Board of Directors.
	The Company uses the Black-Scholes option pricing model to determine the fair value of stock options granted. For employees, the compensation expense is amortized on a straight-line basis over the requisite service period which approximates the vesting period. Compensation expense for stock options granted to non-employees is recognized over the contract services period or, if none exists, from the date of grant until the options vest. Compensation associated with unvested options granted to non-employees is re-measured on each balance sheet date using the Black-Scholes option pricing model.
	The Company uses historical data to estimate option exercise, forfeiture and employee termination within the valuation model. The risk-free interest rate is based on a treasury instrument whose term is consistent with the expected term of the stock options. The Company has not paid and does not anticipate paying dividends on its common stock; therefore, the expected dividend yield is assumed to be zero. Companies are required to utilize an estimated forfeiture rate when calculating the expense for the reporting period. Based on the best estimate, management applied the estimated forfeiture rate of Nil in determining the expense recorded in the accompanying Statements of Operations and Comprehensive Loss.
	Stock option transactions are summarized as follows:
				Number of Options				Weighted Average Exercise
								Price (C$)
		Balance at December 31, 2011			9,135,500				2.16
		Granted			1,882,000				1.22
		Expired			(1,177,500	)			2.14
		Forfeited			(617,000	)			2.05
		Balance at December 31, 2012			9,223,000				1.98
		Granted			7,560,000				0.47
		Expired			(2,379,500	)			1.8
		Forfeited			(3,000	)			1.25
		Balance at December 31, 2013			14,400,500				1.22
		Granted			2,815,000				0.21
		Expired			(2,811,500	)			1.99
		Forfeited			(625,000	)			1.43
		Balance at December 31, 2014			13,779,000				0.85
	The number of stock options exercisable at December 31, 2014 was 13,779,000.
	At December 31, 2014, the following stock options were outstanding:
		Number of Options				Exercise				Aggregate			Expiry Date		Number of		Aggregate
						Price				Intrinsic Value					Options		Intrinsic Value
						(C$)				(C$)					Exercisable		(C$)
			300,000				2.34				-		22-Sep-15			300,000		-
			1,172,500				2.86				-		22-Nov-15			1,172,500		-
			200,000				3.47				-		4-Jan-16			200,000		-
			125,000				2.94				-		8-Mar-16			125,000		-
			150,000				2.05				-		7-Jul-16			150,000		-
			100,000				2.23				-		15-Jul-16			100,000		-
			1,561,500				1.25				-		6-Jan-17			1,561,500		-
			100,000				0.73				-		18-Jun-17			100,000		-
			4,680,000				0.56				-		15-Mar-18			4,680,000		-
			50,000				0.32				-		9-Apr-18			50,000		-
			150,000				0.34				-		27-Jun-18			150,000		-
			2,375,000				0.3				-		19-Dec-18			2,375,000		-
			2,815,000				0.21				-		22-Dec-19			2,815,000		-
			13,779,000							$	-					13,779,000	$	-
	The aggregate intrinsic value in the preceding table represents the total intrinsic value, based on the Company’s closing stock price of C$0.21 per share as of December 31, 2014, which would have been received by the option holders had all option holders exercised their options as of that date. The total number of in-the-money options vested and exercisable as of December 31, 2014 was Nil. The total intrinsic value of options exercised during the year ended December 31, 2014 was $Nil (December 31, 2013 - $Nil; December 31, 2012 - $Nil).
	Stock-based compensation
	2,815,000 stock options were granted during the year ended December 31, 2014. The fair value of stock options granted during the year ended December 31, 2014 was $251,390 (December 31, 2013 - $1,421,371; December 31, 2012 - $1,124,930). Stock-based compensation recognized during the year ended December 31, 2014 was $251,390 (December 31, 2013 - $1,422,297; December 31, 2012 - $1,207,878) which has been recorded in the consolidated statements of operations and comprehensive loss as follows with corresponding additional paid-in capital recorded in stockholders' equity:
				Year Ended				Year Ended				Year Ended
				December 31,				December 31,				December 31,
				2014				2013				2012
		Exploration		$	35,893			$	294,676			$	267,452
		General and administration			215,497				1,127,621				940,426
				$	251,390			$	1,422,297			$	1,207,878
	The following weighted-average assumptions were used for the Black-Scholes valuation of stock options granted:
				December 31,				December 31,				December 31,
				2014				2013				2012
		Risk-free interest rate			1.25	%			1.3	%			1.13	%
		Expected life of options (years)			4.3				4.3				4.9
		Annualized volatility			65	%			75	%			73	%
		Dividend rate			0	%			0	%			0	%
		Fair value per option		$	0.09			$	0.19			$	0.6

10_SEGMENT_INFORMATION

10. SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Note 10. SEGMENT INFORMATION	The Company operates in one business segment being the exploration of mineral property interests.
	Geographic information is as follows:
			December 31,		December 31,
			2014		2013
		Identifiable assets
		USA	$	46,949,474	$	49,405,542
		Canada		31,274,058		45,822,245
		Australia		897,181		1,642,736
		Mongolia		533,386		504,408
		Other		36,399		20,174
			$	79,690,498	$	97,395,105

11_INCOME_TAXES

11. INCOME TAXES	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
11. INCOME TAXES	A reconciliation of income taxes at statutory rates with the reported taxes is as follows:
			Year Ended			Year Ended			Year Ended
			December 31,			December 31,			December 31,
			2014			2013			2012
		Loss for the year before income taxes	$	(12,725,835	)	$	(13,484,781	)	$	(14,866,359	)
		Statutory rate		26	%		25.75	%		25	%
		Expected income tax recovery		(3,308,717	)		(3,472,331	)		(3,716,590	)
		Permanent differences and other		1,645,947			(78,811	)		270,521
		Difference in foreign tax rates and enacted tax rates		1,011,166			(366,039	)		(577,544	)
		Effect of dissolution of subsidiaries		(4,065,731	)		-			-
		Change in valuation allowance		660,688			1,611,239			4,353,383
		Withholding taxes		-			243,186			-
		Total income tax expense (recovery)	$	(4,056,647	)	$	(2,062,756	)	$	329,770
		Current income tax expense (recovery)	$	(123,255	)	$	319,112		$	-
		Deferred income tax expense (recovery)		(3,933,392	)		(2,381,868	)		329,770
		Total income taxes	$	(4,056,647	)	$	(2,062,756	)	$	329,770
	The significant components of the Company’s deferred income tax assets and liabilities are as follows:
			Year Ended			Year Ended
			December 31,			December 31,
			2014			2013
		Deferred income tax assets:
		Non-capital loss carry forward	$	19,506,412		$	20,423,498
		Resource expenditures		7,259,556			9,278,934
		Equipment		152,063			144,776
		Share issue and legal costs		70,341			149,596
		Other		5,015,648			349,379
				32,004,020			30,346,183
		Valuation allowance		(24,634,353	)		(23,973,665	)
		Deferred income tax assets	$	7,369,667		$	6,372,518
		Deferred income tax liabilities:
		Foreign exchange on loan	$	(1,441,120	)	$	-
		Mineral property interests		(9,335,671	)		(13,713,034	)
		Deferred income tax liabilities	$	(10,776,791	)	$	(13,713,034	)
		Net deferred income tax liabilities	$	(3,407,124	)	$	(7,340,516	)
	The Company has available for deduction against future taxable income non-capital losses of approximately $36,340,000 (2013: $34,720,000) in Canada, $690,000 (2013: $710,000) in China, $7,160,000 (2013: $7,770,000) in Mongolia, $23,260,000 (2013: $26,270,000) in the United States of America, $Nil (2013: $580,000) in Australia and $520,000 (2013: $410,000) in Peru. These losses, if not utilized, will expire through 2033. Subject to certain restrictions, the Company also has foreign resource expenditures available to reduce taxable income in future years. The Company has recognized $7,369,667 of deferred tax benefits arising as a result of these losses, resource expenditures, equipment, share issue and legals costs in these financial statements.
	The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. As of December 31, 2014, there was no accrued interest or accrued penalties.
	The Company files income tax returns in Canada and several foreign jurisdictions. The Company’s Canadian income tax returns from 2008 to 2014 are open. For other foreign jurisdictions, including Mongolia and the U.S., all years remain open.

12_FAIR_VALUE_ACCOUNTING

12. FAIR VALUE ACCOUNTING	12 Months Ended
	Dec. 31, 2014
Fair Value Disclosures [Abstract]
12. FAIR VALUE ACCOUNTING	Fair value measurement is based on a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value which are:
	Level 1 — Quoted prices that are available in active markets for identical assets or liabilities.
	Level 2 — Quoted prices in active markets for similar assets that are observable.
	Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.
	At December 31, 2014, the Company had Level 1 financial instruments, consisting of cash and cash equivalents, with a fair value of $33,517,096.

13_DISCLOSURES_REGARDING_FINAN

13. DISCLOSURES REGARDING FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Note 13. DISCLOSURES REGARDING FINANCIAL INSTRUMENTS	The Company's financial instruments generally consist of cash and cash equivalents, receivables, deposits, accounts payable and accrued liabilities and loans payable. It is management's opinion that the Company is not exposed to significant interest or credit risks arising from these financial instruments. The fair value of these financial instruments approximates their carrying values.
	The Company is exposed to currency risk by incurring certain expenditures in currencies other than the Canadian dollar. In addition, as certain of the Company’s consolidated subsidiaries’ functional currency is the United States dollar, the Company is exposed to foreign currency translation risk. The Company does not use derivative instruments to reduce this currency risk.

14_ACCUMULATED_OTHER_COMPREHEN

14. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (OCI)	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Note 14. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (OCI)
			Year Ended			Year Ended			Year Ended
			December 31,			December 31,			December 31,
			2014			2013			2012
		Accumulated OCI, beginning of period:
		Currency translation adjustment	$	465,615		$	3,253,019		$	1,901,351
		Other comprehensive income (loss) for the period:
		Currency translation adjustments	$	(3,315,737	)	$	(2,787,404	)	$	1,351,668
		Accumulated OCI, end of period:
		Currency translation adjustment	$	(2,850,122	)	$	465,615		$	3,253,019

15_SUPPLEMENTAL_DISCLOSURE_WIT

15. SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Note 15. SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS	The significant non-cash transactions affecting cash flows from operating, financing and investing activities for the year ended December 31, 2014 consisted of the issuance of 250,000 common shares (December 31, 2013 – Nil; December 31, 2012 - 540,000) in payment of mineral property acquisitions valued at $73,618 (December 31, 2013 - $Nil; December 31, 2012 - $378,776) which have been capitalized as mineral property interests.
	There were no other significant non-cash transactions during the years ended December 31, 2013 and 2014 affecting cash flows from financing and investing activities, except for the funding by OTLLC of the Company’s investment requirements for the Entrée-OTLLC Joint Venture of $1,012,156 during the year ended December 31, 2012.

16_COMMITMENTS_AND_CONTINGENCI

16. COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Note 16. COMMITMENTS AND CONTINGENCIES	The Company is committed to make lease payments for the rental of office space as follows:
	2015	$	283,325
	2016		198,006
	2017		81,690
		$	563,021
	The Company incurred lease expense of $399,906 (December 31, 2013 – $393,707; December 31, 2012 - $398,266) for the year ended December 31, 2014.
	In the event of a partial expropriation of the Company’s economic interest, contractually or otherwise, in the Joint Venture Property, which is not reversed during the abeyance period provided for in the equity participation and funding agreement, the Company will be required to return a pro rata portion of the Deposit (the amount of the repayment not to exceed the amount of the Unearned Balance) and the metal credits that the Company is required to deliver will be reduced proportionately. In the event of a full expropriation, the full amount of the Unearned Balance must be returned with interest.

17_TRANSACTIONS_WITH_RELATED_P

17. TRANSACTIONS WITH RELATED PARTIES	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Note 17. TRANSACTIONS WITH RELATED PARTIES	The Company did not enter into any transactions with related parties during the year ended December 31, 2014.
	During the year ended December 31, 2013, the Company paid consulting fees of $1,167 (December 31, 2012 - $Nil) to an immediate family member of an executive officer of the Company. The transaction was in the normal course of operations and was measured at the exchange amount, which represented the amount of consideration established and agreed to by the related party. All services under the agreement have been provided.

18_SUBSEQUENT_EVENTS

18. SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Note 18. SUBSEQUENT EVENTS	There were no subsequent events after December 31, 2014.

2_SIGNIFICANT_ACCOUNTING_POLIC1

2. SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2014
Significant Accounting Policies Policies
Principles of consolidation	These consolidated financial statements have been prepared in conformity with generally accepted accounting principles ("GAAP") in the United States of America and include the accounts of the Company and all of its subsidiaries. All significant intercompany transactions and balances have been eliminated upon consolidation.
Use of estimates	The preparation of consolidated financial statements in accordance with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to deferred income tax asset valuations, asset impairment, stock-based compensation, valuation of asset-backed commercial paper and loss contingencies. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgements about the other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between estimates and the actual results, future results of operations will be affected.
Cash and cash equivalents	Cash and cash equivalents includes cash in banks, money market funds, and certificates of term deposits with maturities of less than three months from inception, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value. The Company had $33,517,096 in cash at December 31, 2014.
Long-term investments	Long-term investments in companies in which the Company has voting interests of 20% to 50% or where the Company has the ability to exercise significant influence, are accounted for using the equity method. Under this method, the Company’s share of the investees’ earnings and losses is included in operations and its investments therein are adjusted by a like amount. Dividends received are credited to the long-term investment accounts.
	Other long-term investments are classified as "available-for-sale" investments and unrealized gains and losses on these investments are recorded in accumulated other comprehensive income as a separate component of stockholders’ equity, unless the declines in market value are judged to be other than temporary, in which case the losses are recognized in income in the period. Gains and losses from the sale of these investments are included in income in the period.
Equipment	Equipment, consisting of office, computer, field equipment and buildings, is recorded at cost less accumulated depreciation. Depreciation is recorded on a declining balance basis at rates ranging from 20% to 30% per annum.
Mineral property interests	Costs of exploration and costs of carrying and retaining unproven properties are expensed as incurred. The Company considers mineral rights to be tangible assets and accordingly, the Company capitalizes certain costs related to the acquisition of mineral rights.
Asset retirement obligation	The Company records the fair value of the liability for closure and removal costs associated with the legal obligations upon retirement or removal of any tangible long-lived assets where the initial recognition of any liability will be capitalized as part of the asset cost and depreciated over its estimated useful life. To date, the Company has not incurred any asset retirement obligations.
Impairment of long-lived assets	Long-lived assets are continually reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the discounted carrying amount of the assets exceeds the fair value of the assets.
Stock-based compensation	The Company applies the fair value method of accounting for all stock option awards, whereby the Company recognizes a compensation expense for all stock options awarded to employees, officers and consultants based on the fair value of the options on the date of grant, which is determined using the Black Scholes option pricing model. The options are expensed over the vesting period of the options.
Financial instruments	The Company classifies financial assets and liabilities as held-for-trading, available-for-sale, held-to-maturity, loans and receivables or other financial liabilities depending on their nature. Financial assets and financial liabilities are recognized at fair value on their initial recognition, except for those arising from certain related party transactions which are accounted for at the transferor’s carrying amount or exchange amount.
	Financial assets and liabilities classified as held-for-trading are measured at fair value, with gains and losses recognized in net income. Financial assets classified as held-to-maturity, loans and receivables, and financial liabilities other than those classified as held-for-trading are measured at amortized cost, using the effective interest method of amortization. Financial assets classified as available-for-sale are measured at fair value, with unrealized gains and losses being recognized as other comprehensive income until realized, or if an unrealized loss is considered other than temporary, the unrealized loss is recorded in income.
	The Company classifies its financial instruments as follows:
	Cash and cash equivalents is classified as held for trading, and is measured at fair value using Level 1 inputs. Receivables and accounts payable and accrued liabilities, are classified as loans and receivables, and have a fair value approximating their carrying value, due to their short-term nature. The Company’s other financial instruments, reclamation deposits, and loans payable are classified as loans and receivables, and are measured at amortized cost.
Income taxes	The Company follows the asset and liability method of accounting for income taxes whereby deferred income taxes are recognized for the deferred income tax consequences attributable to differences between the financial statement carrying values of existing assets and liabilities and their respective income tax bases (temporary differences). Deferred income tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the years in which temporary differences are expected to be recovered or settled. The effect on deferred income tax assets and liabilities of a change in tax rates is included in income in the period in which the change occurs. The amount of deferred income tax assets recognized is limited to the amount that is more likely than not to be realized.
Foreign currency translation	The functional currency of Entrée Gold Inc. is the Canadian dollar. Accordingly, monetary assets and liabilities denominated in a foreign currency are translated at the exchange rate in effect at the balance sheet date while non-monetary assets and liabilities denominated in a foreign currency are translated at historical rates. Revenue and expense items denominated in a foreign currency are translated at exchange rates prevailing when such items are recognized in the statement of operations and comprehensive loss. Exchange gains or losses arising on translation of foreign currency items are included in the statement of operations and comprehensive loss. The functional currency of Entrée Gold Inc.’s significant subsidiaries is the United Sates dollar. Upon translation into Canadian dollars for consolidation, monetary assets and liabilities are translated at the exchange rate in effect at the balance sheet date while non-monetary assets and liabilities are translated at historical rates. Revenue and expense items are translated at exchange rates prevailing when such items are recognized in the statement of operations and comprehensive loss. Exchange gains or losses arising on translation of foreign currency items are included in the statement of operations and comprehensive loss.
	The Company follows the current rate method of translation with respect to its presentation of these consolidated financial statements in the reporting currency, which is the United States dollar. Accordingly, assets and liabilities are translated into United States dollars at the period-end exchange rates while revenue and expenses are translated at the prevailing exchange rates during the period. Related exchange gains and losses are included in a separate component of stockholders’ equity as accumulated other comprehensive income.
Net loss per share	Basic net loss per share is computed by dividing the net loss for the period attributable to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share takes into consideration shares of common stock outstanding (computed under basic loss per share) and potentially dilutive shares of common stock. Diluted net loss per share is not presented separately from basic net loss per share as the conversion of outstanding stock options and warrants into common shares would be anti-dilutive. At December 31, 2014, the total number of potentially dilutive shares of common stock excluded from basic net loss per share was 13,779,000 (December 31, 2013 - 14,400,500; December 31, 2012 - 9,223,000).
Comparative figures	Certain comparative figures have been reclassified to conform with the current year’s presentation.
Recent accounting pronouncements	In June 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (ASU) No. 2014-10, “Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation”. This ASU does the following, among other things: a) eliminates the requirement to present inception-to-date information on the statements of income, cash flows, and shareholders' equity, b) eliminates the need to label the financial statements as those of a development stage entity, c) eliminates the need to disclose a description of the development stage activities in which the entity is engaged, and d) amends FASB ASC 275, “Risks and Uncertainties”, to clarify that information on risks and uncertainties for entities that have not commenced planned principal operations is required. The amendments in ASU No. 2014-10 related to the elimination of Topic 915 disclosures and the additional disclosure for Topic 275 are effective for public companies for annual and interim reporting periods beginning after December 15, 2014. Early adoption is permitted. The Company has evaluated this ASU and early adopted for the period beginning on April 1, 2014.
	In August 2014, the FASB issued “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern” (“ASU 2014-15”). Historically, there has been no guidance in GAAP about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern. This ASU clarifies when and how management should be assessing their ability to continue as a going concern. ASU 2014-15 is effective for fiscal years ending after December 15, 2016. Early adoption of this standard is permitted, and the Company expects to adopt the standard for the fiscal year ending December 31, 2015. The Company expects the adoption of ASU 2014-15 will have an impact on the frequency with which going concern assessments are conducted but does not expect the adoption to have significant changes to existing disclosure.

5_EQUIPMENT_Tables

5. EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Equipment				31-Dec-14							31-Dec-13
					Accumulated		Net Book					Accumulated		Net Book
		Cost			Depreciation		Value		Cost			Depreciation		Value
	Office equipment	$	81,314		$	60,877	$	20,437	$	92,057		$	64,123	$	27,934
	Computer equipment		363,823			290,361		73,462		459,426			349,636		109,790
	Field equipment		217,036			141,797		75,239		251,604			144,786		106,818
	Buildings		48,762			40,334		8,428		246,540			202,139		44,401
		$	710,935		$	533,369	$	177,566	$	1,049,627		$	760,684	$	288,943

6_MINERAL_PROPERTY_INTERESTS_T

6. MINERAL PROPERTY INTERESTS (Tables)	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Capitalized mineral property acquisition costs	Capitalized mineral property acquisition costs are summarized as follows:
			December 31,		December 31,
			2014		2013
		Ann Mason	$	43,966,474	$	47,777,956
		Other		453,064		1,028,609
		Total	$	44,419,538	$	48,806,565
Exploration costs expensed	Expensed exploration costs are summarized as follows:
			Year Ended		Year Ended		Year Ended
			December 31,		December 31,		December 31,
			2014		2013		2012
		US	$	7,066,997	$	3,940,264	$	5,857,999
		Mongolia		1,672,341		1,355,493		1,964,883
		Other		315,549		807,235		411,472
		Total all locations	$	9,054,887	$	6,102,992	$	8,234,354

9_COMMON_STOCK_Tables

9. COMMON STOCK (Tables)	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Stock option transactions				Number of Options				Weighted Average Exercise
								Price (C$)
		Balance at December 31, 2011			9,135,500				2.16
		Granted			1,882,000				1.22
		Expired			(1,177,500	)			2.14
		Forfeited			(617,000	)			2.05
		Balance at December 31, 2012			9,223,000				1.98
		Granted			7,560,000				0.47
		Expired			(2,379,500	)			1.8
		Forfeited			(3,000	)			1.25
		Balance at December 31, 2013			14,400,500				1.22
		Granted			2,815,000				0.21
		Expired			(2,811,500	)			1.99
		Forfeited			(625,000	)			1.43
		Balance at December 31, 2014			13,779,000				0.85
Schedule of stock options outstanding		Number of Options				Exercise				Aggregate			Expiry Date		Number of		Aggregate
						Price				Intrinsic Value					Options		Intrinsic Value
						(C$)				(C$)					Exercisable		(C$)
			300,000				2.34				-		22-Sep-15			300,000		-
			1,172,500				2.86				-		22-Nov-15			1,172,500		-
			200,000				3.47				-		4-Jan-16			200,000		-
			125,000				2.94				-		8-Mar-16			125,000		-
			150,000				2.05				-		7-Jul-16			150,000		-
			100,000				2.23				-		15-Jul-16			100,000		-
			1,561,500				1.25				-		6-Jan-17			1,561,500		-
			100,000				0.73				-		18-Jun-17			100,000		-
			4,680,000				0.56				-		15-Mar-18			4,680,000		-
			50,000				0.32				-		9-Apr-18			50,000		-
			150,000				0.34				-		27-Jun-18			150,000		-
			2,375,000				0.3				-		19-Dec-18			2,375,000		-
			2,815,000				0.21				-		22-Dec-19			2,815,000		-
			13,779,000							$	-					13,779,000	$	-
Stock-based compensation				Year Ended				Year Ended				Year Ended
				December 31,				December 31,				December 31,
				2014				2013				2012
		Exploration		$	35,893			$	294,676			$	267,452
		General and administration			215,497				1,127,621				940,426
				$	251,390			$	1,422,297			$	1,207,878
Schedule of fair value assumptions				December 31,				December 31,				December 31,
				2014				2013				2012
		Risk-free interest rate			1.25	%			1.3	%			1.13	%
		Expected life of options (years)			4.3				4.3				4.9
		Annualized volatility			65	%			75	%			73	%
		Dividend rate			0	%			0	%			0	%
		Fair value per option		$	0.09			$	0.19			$	0.6

10_SEGMENT_INFORMATION_Tables

10. SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
SEGMENT INFORMATION
			December 31,		December 31,
			2014		2013
		Identifiable assets
		USA	$	46,949,474	$	49,405,542
		Canada		31,274,058		45,822,245
		Australia		897,181		1,642,736
		Mongolia		533,386		504,408
		Other		36,399		20,174
			$	79,690,498	$	97,395,105

11_INCOME_TAXES_Tables

11. INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Income taxes at statutory rates with the reported taxes
			Year Ended			Year Ended			Year Ended
			December 31,			December 31,			December 31,
			2014			2013			2012
		Loss for the year before income taxes	$	(12,725,835	)	$	(13,484,781	)	$	(14,866,359	)
		Statutory rate		26	%		25.75	%		25	%
		Expected income tax recovery		(3,308,717	)		(3,472,331	)		(3,716,590	)
		Permanent differences and other		1,645,947			(78,811	)		270,521
		Difference in foreign tax rates and enacted tax rates		1,011,166			(366,039	)		(577,544	)
		Effect of dissolution of subsidiaries		(4,065,731	)		-			-
		Change in valuation allowance		660,688			1,611,239			4,353,383
		Withholding taxes		-			243,186			-
		Total income tax expense (recovery)	$	(4,056,647	)	$	(2,062,756	)	$	329,770
		Current income tax expense (recovery)	$	(123,255	)	$	319,112		$	-
		Deferred income tax expense (recovery)		(3,933,392	)		(2,381,868	)		329,770
		Total income taxes	$	(4,056,647	)	$	(2,062,756	)	$	329,770
Components of deferred income tax assets and liabilities
			Year Ended			Year Ended
			December 31,			December 31,
			2014			2013
		Deferred income tax assets:
		Non-capital loss carry forward	$	19,506,412		$	20,423,498
		Resource expenditures		7,259,556			9,278,934
		Equipment		152,063			144,776
		Share issue and legal costs		70,341			149,596
		Other		5,015,648			349,379
				32,004,020			30,346,183
		Valuation allowance		(24,634,353	)		(23,973,665	)
		Deferred income tax assets	$	7,369,667		$	6,372,518
		Deferred income tax liabilities:
		Foreign exchange on loan	$	(1,441,120	)	$	-
		Mineral property interests		(9,335,671	)		(13,713,034	)
		Deferred income tax liabilities	$	(10,776,791	)	$	(13,713,034	)
		Net deferred income tax liabilities	$	(3,407,124	)	$	(7,340,516	)

14_ACCUMULATED_OTHER_COMPREHEN1

14. ACCUMULATED OTHER COMPREHENSIVE INCOME (OCI) (Tables)	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
ACCUMULATED OTHER COMPREHENSIVE INCOME
			Year Ended			Year Ended			Year Ended
			December 31,			December 31,			December 31,
			2014			2013			2012
		Accumulated OCI, beginning of period:
		Currency translation adjustment	$	465,615		$	3,253,019		$	1,901,351
		Other comprehensive income (loss) for the period:
		Currency translation adjustments	$	(3,315,737	)	$	(2,787,404	)	$	1,351,668
		Accumulated OCI, end of period:
		Currency translation adjustment	$	(2,850,122	)	$	465,615		$	3,253,019

16_COMMITMENTS_AND_CONTINGENCI1

16. COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Lease payments	2015	$	283,325
	2016		198,006
	2017		81,690
		$	563,021

2_SIGNIFICANT_ACCOUNTING_POLIC2

2. SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Significant Accounting Policies Details Narrative
Cash	$33,517,096	$46,701,216
Potentially dilutive shares	13,779,000	14,400,500	9,223,000

3_CASH_AND_CASH_EQUIVALENTS_De

3. CASH AND CASH EQUIVALENTS (Details Narrative) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Cash And Cash Equivalents Details Narrative
Cash at bank and in hand	$33,517,096	$46,701,216

4_LONGTERM_INVESTMENTS_Details

4. LONG-TERM INVESTMENTS (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
LONG-TERM INVESTMENTS
Loss in joint venture	$107,907	$146,051	$1,012,156
Accrued interest expense	$264,869	$260,453	$229,359

5_EQUIPMENT_Details

5. EQUIPMENT (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
PropertyPlant and Equipment
Cost	$710,935	$1,049,627
Accumulated Depreciation	533,369	760,684
Net Book Value	177,566	288,943
Office Equipment [Member]
PropertyPlant and Equipment
Cost	81,314	92,057
Accumulated Depreciation	60,877	64,123
Net Book Value	20,437	27,934
Computer Equipment [Member]
PropertyPlant and Equipment
Cost	363,823	459,426
Accumulated Depreciation	290,361	349,636
Net Book Value	73,462	109,790
Field Equipment [Member]
PropertyPlant and Equipment
Cost	217,036	251,604
Accumulated Depreciation	141,797	144,786
Net Book Value	75,239	106,818
Building [Member]
PropertyPlant and Equipment
Cost	48,762	246,540
Accumulated Depreciation	40,334	202,139
Net Book Value	$8,428	$44,401

6_MINERAL_PROPERTY_INTERESTS_D

6. MINERAL PROPERTY INTERESTS (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Capitalized mineral property acquisition Cost	$44,419,538	$48,806,565
USA [Member] | Ann Mason [Member]
Capitalized mineral property acquisition Cost	43,966,474	47,777,956
Other [Member] | Other Property [Member]
Capitalized mineral property acquisition Cost	$453,064	$1,028,609

6_MINERAL_PROPERTY_INTERESTS_D1

6. MINERAL PROPERTY INTERESTS (Details 1) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Exploration costs	$9,054,887	$6,102,992	$8,234,354
US [Member]
Exploration costs	7,066,997	3,940,264	5,857,999
Mongolia [Member]
Exploration costs	1,672,341	1,355,493	1,964,883
Other [Member]
Exploration costs	$315,549	$807,235	$411,472

8_SANDSTORM_FINANCING_ARRANGEM1

8. SANDSTORM FINANCING ARRANGEMENT (Details) (USD $)	12 Months Ended
	Dec. 31, 2013
Sandstorm Financing Arrangement Details
Gross proceeds from private placement	$9,722,897
Consultancy and advisory fees	936,926
Legals fees included in general and adminstration expenses	192,203
Share issuance costs	$86,636

9_COMMON_STOCK_Details

9. COMMON STOCK (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Number of options
Beginning Balance	14,400,500	9,223,000	9,135,500
Granted	2,815,000	7,560,000	1,882,000
Expired	-2,811,500	-2,379,500	-1,177,500
Forfeited	-625,000	-3,000	-617,000
Ending Balance	13,779,000	14,400,500	9,223,000
Weighted Average Exercise Price
Beginning Balance	$1.22	$1.98	$2.16
Granted	$0.21	$0.47	$1.22
Expired	$1.99	$1.80	$2.14
Forfeited	$1.43	$1.25	$2.05
Ending Balance	$0.85	$1.22	$1.98

9_COMMON_STOCK_Details_1

9. COMMON STOCK (Details 1) (USD $)	12 Months Ended
	Dec. 31, 2014
Option Outstanding
Number of Options	13,779,000
Aggregate Intrinsic Value, (C$)	$0
Number of Options Exercisable
Number of Options Exercisable	13,779,000
Aggregate Intrinsic Value ($C)	0
Stock Option One [Member]
Option Outstanding
Number of Options	300,000
Exercise Price, ($C)	$2.34
Aggregate Intrinsic Value, (C$)	0
Expiry Date	22-Sep-15
Number of Options Exercisable
Number of Options Exercisable	300,000
Aggregate Intrinsic Value ($C)	0
Stock Option Two [Member]
Option Outstanding
Number of Options	1,172,500
Exercise Price, ($C)	$2.86
Aggregate Intrinsic Value, (C$)	0
Expiry Date	22-Nov-15
Number of Options Exercisable
Number of Options Exercisable	1,172,500
Aggregate Intrinsic Value ($C)	0
Stock Option Three [Member]
Option Outstanding
Number of Options	200,000
Exercise Price, ($C)	$3.47
Aggregate Intrinsic Value, (C$)	0
Expiry Date	4-Jan-16
Number of Options Exercisable
Number of Options Exercisable	200,000
Aggregate Intrinsic Value ($C)	0
Stock Option Four [Member]
Option Outstanding
Number of Options	125,000
Exercise Price, ($C)	$2.94
Aggregate Intrinsic Value, (C$)	0
Expiry Date	8-Mar-16
Number of Options Exercisable
Number of Options Exercisable	125,000
Aggregate Intrinsic Value ($C)	0
Stock Option Five [Member]
Option Outstanding
Number of Options	150,000
Exercise Price, ($C)	$2.05
Aggregate Intrinsic Value, (C$)	0
Expiry Date	7-Jul-16
Number of Options Exercisable
Number of Options Exercisable	150,000
Aggregate Intrinsic Value ($C)	0
Stock Option Six [Member]
Option Outstanding
Number of Options	100,000
Exercise Price, ($C)	$2.23
Aggregate Intrinsic Value, (C$)	0
Expiry Date	15-Jul-16
Number of Options Exercisable
Number of Options Exercisable	100,000
Aggregate Intrinsic Value ($C)	0
Stock Option Seven [Member]
Option Outstanding
Number of Options	1,561,500
Exercise Price, ($C)	$1.25
Aggregate Intrinsic Value, (C$)	0
Expiry Date	6-Jan-17
Number of Options Exercisable
Number of Options Exercisable	1,561,500
Aggregate Intrinsic Value ($C)	0
Stock Option Eight [Member]
Option Outstanding
Number of Options	100,000
Exercise Price, ($C)	$0.73
Aggregate Intrinsic Value, (C$)	0
Expiry Date	18-Jun-17
Number of Options Exercisable
Number of Options Exercisable	100,000
Aggregate Intrinsic Value ($C)	0
Stock Option Nine [Member]
Option Outstanding
Number of Options	4,680,000
Exercise Price, ($C)	$0.56
Aggregate Intrinsic Value, (C$)	0
Expiry Date	15-Mar-18
Number of Options Exercisable
Number of Options Exercisable	4,680,000
Aggregate Intrinsic Value ($C)	0
Stock Option Ten [Member]
Option Outstanding
Number of Options	50,000
Exercise Price, ($C)	$0.32
Aggregate Intrinsic Value, (C$)	0
Expiry Date	9-Apr-18
Number of Options Exercisable
Number of Options Exercisable	50,000
Aggregate Intrinsic Value ($C)	0
Stock Option Eleven [Member]
Option Outstanding
Number of Options	150,000
Exercise Price, ($C)	$0.34
Aggregate Intrinsic Value, (C$)	0
Expiry Date	27-Jun-18
Number of Options Exercisable
Number of Options Exercisable	150,000
Aggregate Intrinsic Value ($C)	0
Stock Option Twelve [Member]
Option Outstanding
Number of Options	2,375,000
Exercise Price, ($C)	$0.30
Aggregate Intrinsic Value, (C$)	0
Expiry Date	19-Dec-18
Number of Options Exercisable
Number of Options Exercisable	2,375,000
Aggregate Intrinsic Value ($C)	0
Stock Option Thirteen [Member]
Option Outstanding
Number of Options	2,815,000
Exercise Price, ($C)	$0.21
Aggregate Intrinsic Value, (C$)	0
Expiry Date	22-Dec-19
Number of Options Exercisable
Number of Options Exercisable	2,815,000
Aggregate Intrinsic Value ($C)	$0

9_COMMON_STOCK_Details_2

9. COMMON STOCK (Details 2) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Stock based compensation	$251,390	$1,422,297	$1,207,878
Exploration
Stock based compensation	35,893	294,676	267,452
General and Administrative
Stock based compensation	$215,497	$1,127,621	$940,426

9_COMMON_STOCK_Details_3

9. COMMON STOCK (Details 3) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Black-Scholes valuation of stock options granted
Risk-free interest rate	1.25%	1.30%	1.13%
Expected life of options (years)	4 years 3 months 18 days	4 years 3 months 18 days	4 years 10 months 24 days
Annualized volatility	65.00%	75.00%	73.00%
Dividend rate	0.00%	0.00%	0.00%
Fair value per option	$0.09	$0.19	$0.60

10_SEGMENT_INFORMATION_Details

10. SEGMENT INFORMATION (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
SEGMENT INFORMATION
Identifiable Assets	$79,690,498	$97,395,105
USA [Member]
SEGMENT INFORMATION
Identifiable Assets	46,949,474	49,405,542
CanadaMember
SEGMENT INFORMATION
Identifiable Assets	31,274,058	45,822,245
AustraliaMember
SEGMENT INFORMATION
Identifiable Assets	897,181	1,642,736
Mongolia [Member]
SEGMENT INFORMATION
Identifiable Assets	533,386	504,408
Other [Member]
SEGMENT INFORMATION
Identifiable Assets	$36,399	$20,174

11_INCOME_TAXES_Details

11. INCOME TAXES (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Taxes Details
Loss for the year before income taxes	($12,725,835)	($13,484,781)	($14,866,359)
Statutory rate	26.00%	25.75%	25.00%
Expected income tax recovery	-3,308,717	-3,472,331	-3,716,590
Permanent differences and other	1,645,947	-78,811	270,521
Difference in foreign tax rates and enacted tax rates	1,011,166	-366,039	-577,544
Effect of dissolution of subsidiaries	-4,065,731	0	0
Change in valuation allowance	660,688	1,611,239	4,353,383
Withholding taxes	0	243,186	0
Total income tax expense (recovery)	-4,056,647	-2,062,756	329,770
Current income tax expense (recovery)	-123,255	319,112	0
Deferred income tax expense (recovery)	-3,933,392	-2,381,868	329,770
Total income taxes	($4,056,647)	($2,062,756)	$329,770

11_INCOME_TAXES_Details_1

11. INCOME TAXES (Details 1) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Deferred income tax assets:
Non-capital loss carry forward	$19,506,412	$20,423,498
Resource expenditures	7,259,556	9,278,934
Equipment	152,063	144,776
Share issue and legal costs	70,341	149,596
Other	5,015,648	349,379
Deferred income tax assets, gross	32,004,020	30,346,183
Valuation allowance	-24,634,353	-23,973,665
Deferred income tax assets	7,369,667	6,372,518
Deferred income tax liabilities:
Foreign exchange on loan	-1,441,120	0
Mineral property interests	-9,335,671	-13,713,034
Deferred income tax liabilities	-10,776,791	-13,713,034
Net deferred income tax liabilities	($3,407,124)	($7,340,516)

12_FAIR_VALUE_ACCOUNTING_Detai

12. FAIR VALUE ACCOUNTING (Details Narrative) (USD $)	Dec. 31, 2014
Fair Value Accounting Details Narrative
Cash and cash equivalents	$33,517,096

14_ACCUMULATED_OTHER_COMPREHEN2

14. ACCUMULATED OTHER COMPREHENSIVE INCOME (OCI) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Accumulated Other Comprehensive Income Oci Details
Accumulated OCI, beginning of period: Currency translation adjustment	$465,615	$3,253,019	$1,901,351
Other comprehensive income (loss) for the period: Currency translation adjustments	-3,315,737	-2,787,404	1,351,668
Accumulated OCI, end of period: Currency translation adjustment	($2,850,122)	$465,615	$3,253,019

15_SUPPLEMENTAL_DISCLOSURE_WIT1

15. SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Supplemental Disclosure With Respect To Cash Flows Details Narrative
Issuance of common shares for mineral property acquisitions	250,000	0	540,000
Value of shares issued for mineral property acquisitions	$73,618		$378,776
Loan advance from OTLLC	$0	$0	$1,012,156

16_COMMITMENTS_AND_CONTINGENCI2

16. COMMITMENTS AND CONTINGENCIES (Details) (USD $)	Dec. 31, 2014
COMMITMENTS AND CONTINGENCIES
2015	$283,325
2016	198,006
2017	81,690
Total	$563,021

16_COMMITMENTS_AND_CONTINGENCI3

16. COMMITMENTS AND CONTINGENCIES (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Commitments And Contingencies Details Narrative
Lease expense	$399,906	$393,707	$398,266

17_TRANSACTIONS_WITH_RELATED_P1

17. TRANSACTIONS WITH RELATED PARTIES (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Transactions With Related Parties Details Narrative
Related party consulting fees	$0	$1,167	$0