Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Oct. 28, 2013 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Trading Symbol | 'mdw | ' |
Entity Registrant Name | 'Midway Gold Corp | ' |
Entity Central Index Key | '0001319009 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 130,878,372 |
Consolidated_Interim_Balance_S
Consolidated Interim Balance Sheets(CAD) | Sep. 30, 2013 | Dec. 31, 2012 |
Current assets: | ' | ' |
Cash and cash equivalents | 58,373,402 | 75,052,836 |
Amounts receivable | 152,194 | 39,379 |
Prepaid expenses and other current assets | 334,768 | 142,643 |
Total current assets | 58,860,364 | 75,234,858 |
Long term assets: | ' | ' |
Investments (notes 4 and 5) | ' | 13,750 |
Reclamation deposit (note 8) | ' | 853,110 |
Property, equipment and mine development (note 6) | 12,826,286 | 8,005,959 |
Mineral properties (note 7) | 51,678,962 | 49,922,926 |
Other long term assets | 76,207 | ' |
Total Assets | 123,441,819 | 134,030,603 |
Current liabilities: | ' | ' |
Accounts payable and accrued liabilities (note 13) | 2,202,219 | 1,710,674 |
Preferred share dividends payable | 1,467,196 | ' |
Preferred share dividends tax payable | 1,061,992 | ' |
Warrant liability (note 4) | 19,638 | 1,166,381 |
Total current liabilities | 4,751,045 | 1,710,674 |
Long term liabilities: | ' | ' |
Derivative liability (note 4 and 10) | 12,902,696 | 28,496,516 |
Future income tax liability | ' | 3,172,512 |
Other long term liabilities | 138,432 | ' |
Total liabilities | 17,792,173 | 33,379,702 |
Redeemable preferred stock (note 10) Series A preferred shares - unlimited, no par value; Issued and outstanding - 37,837,838 (2013 and 2012); redemption price - U.S.$1.85 | 46,680,179 | 44,261,122 |
Stockholders' Equity (note 9): | ' | ' |
Common stock authorized – unlimited, no par value; Issued and outstanding – 129,618,228 and 128,451,298 at September 30, 2013 and December 31, 2012, respectively | 139,557,696 | 138,304,344 |
Additional paid in capital | 5,346,532 | 11,418,155 |
Accumulated other comprehensive income (loss) (note 11) | 270,778 | -436,344 |
Deficit accumulated during exploration stage | -86,205,539 | -92,896,376 |
Stockholders' equity, total | 58,969,467 | 56,389,779 |
Liabilities and stockholders' equity, total | 123,441,819 | 134,030,603 |
Consolidated_Interim_Balance_S1
Consolidated Interim Balance Sheets (Parenthetical) (CAD) | Sep. 30, 2013 | Dec. 31, 2012 |
Common stock, no par value | ' | ' |
Common stock issued | 129,618,228 | 128,451,298 |
Common stock outstanding | 129,618,228 | 128,451,298 |
Series A Preferred Stock [Member] | ' | ' |
Preferred Stock, No Par Value | ' | ' |
Preferred Stock, Shares Issued | 37,837,838 | 37,837,838 |
Preferred stock, outstanding | 37,837,838 | 37,837,838 |
Preferred Stock, Redemption Price Per Share | 1.85 | 1.85 |
Consolidated_Interim_Statement
Consolidated Interim Statements Of Operations (CAD) | 3 Months Ended | 9 Months Ended | 209 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | |
Expenses | ' | ' | ' | ' | ' |
Consulting (note 13) | 68,312 | 181,609 | 381,972 | 285,484 | 1,878,364 |
Depreciation | 140,960 | 116,899 | 382,215 | 283,903 | 1,640,626 |
Gain on sale of subsidiary | ' | ' | ' | ' | -2,806,312 |
Interest and bank charges | 825 | 958 | 2,186 | 2,202 | 917,087 |
Investor relations | 11,003 | 20,122 | 22,360 | 99,913 | 1,522,350 |
Legal, audit and accounting | 581,840 | 289,977 | 3,311,900 | 727,999 | 8,030,040 |
Management fees | ' | ' | ' | 8 | 210,778 |
Mineral exploration expenditures (Schedule) | 1,605,572 | 1,929,882 | 4,173,755 | 5,097,446 | 69,856,984 |
Mineral property interests written-off | ' | ' | ' | ' | 4,643,637 |
Mineral property interest recovered | ' | ' | ' | ' | -60,120 |
Office and administration | 300,772 | 270,769 | 931,916 | 646,332 | 3,720,175 |
Salaries and benefits | 1,163,197 | 1,096,261 | 3,801,241 | 3,284,169 | 22,043,959 |
Transfer agent and filing fees | 22,912 | -9,073 | 125,294 | 97,397 | 1,154,232 |
Travel | 69,178 | 76,079 | 250,391 | 223,839 | 1,791,273 |
Operating Loss | 3,964,571 | 3,973,483 | 13,383,230 | 10,748,692 | 114,543,073 |
Other income (expense): | ' | ' | ' | ' | ' |
Foreign exchange gain (loss) | -1,259,322 | 45,292 | 2,262,994 | 28,739 | 4,295,600 |
Gain on change in fair value of derivative liabilities | 988,443 | 176,515 | 15,574,007 | 176,515 | 12,924,065 |
Interest and investment income | 40,397 | 7,103 | 128,188 | 23,176 | 1,049,934 |
Gain (loss) on disposal of equipment | -2,681 | ' | -2,681 | ' | 523,468 |
Gain on sale of investments | ' | ' | ' | ' | 44,077 |
Investment write down | -43,125 | ' | -43,125 | ' | -173,125 |
Unrealized loss on investments | ' | -346 | ' | -8,933 | -609,220 |
Other expense | -15,590 | -2,633 | -24,393 | -490,135 | -450,732 |
Nonoperating income (expense), Total | -291,878 | 225,931 | 17,894,990 | -270,638 | 17,604,067 |
Net (income) loss before income tax | 4,256,449 | 3,747,552 | -4,511,760 | 11,019,330 | 96,939,006 |
Income tax recovery (expense) | 272,628 | 231,633 | 2,179,077 | 203,772 | 10,733,467 |
Net (income) loss | 3,983,821 | 3,515,919 | -6,690,837 | 10,815,558 | 86,205,539 |
Preferred share cumulative dividend | 1,478,516 | ' | 4,367,633 | ' | 4,646,205 |
Accretion of Redeemable preferred shares | 949,370 | ' | 2,697,943 | ' | 2,851,606 |
Net (income) loss attributable to common shareholders | 6,411,707 | 3,515,919 | 374,739 | 10,815,558 | 93,703,350 |
Basic: | ' | ' | ' | ' | ' |
Weighted average number of shares outstanding | 129,605,544 | 127,188,712 | 128,840,275 | 118,571,642 | ' |
Net (income) loss per share | 0.05 | 0.03 | ' | 0.09 | ' |
Diluted: | ' | ' | ' | ' | ' |
Weighted average number of shares outstanding | 129,605,544 | 127,188,712 | 166,678,113 | 118,571,642 | ' |
Net (income) loss per share | 0.05 | 0.03 | 0.04 | 0.09 | ' |
Consolidated_Interim_Statement1
Consolidated Interim Statements Of Comprehensive (Income) Loss (CAD) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Consolidated Interim Statements Of Comprehensive (Income) Loss [Abstract] | ' | ' | ' | ' |
Net (income) loss for the period | 3,983,821 | 3,515,919 | -6,690,837 | 10,815,558 |
Unrealized loss on investment (note 5) | 7,500 | 346 | 13,750 | 51,250 |
Transfer of realized loss to Statement of Operations | -43,125 | ' | -43,125 | ' |
Currency translation adjustment | 1,180,729 | 872,514 | -677,747 | 935,599 |
Comprehensive (income) loss | 5,128,925 | 4,388,779 | -7,397,959 | 11,802,407 |
Consolidated_Interim_Statement2
Consolidated Interim Statements Of Cash Flows (CAD) | 9 Months Ended | 209 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | |
Cash provided by (used in) operating activities: | ' | ' | ' |
Net income (loss) | 6,690,837 | -10,815,558 | -86,205,539 |
Items not involving cash: | ' | ' | ' |
Depreciation | 382,215 | 283,903 | 1,640,626 |
Stock-based compensation | 993,953 | 1,477,501 | 13,188,506 |
Unrealized foreign exchange (gain) loss | 64,711 | -139,894 | -1,598,175 |
Investment write down | 43,125 | ' | 173,125 |
Unrealized loss on investment | ' | 8,933 | 609,220 |
Non-cash interest expense | ' | ' | 234,765 |
Gain on change in fair value of derivative liabilities | -15,574,007 | -176,515 | -12,924,065 |
Other current assets written off | ' | 218,044 | 218,044 |
Future income tax (recovery) expense | -3,237,223 | -203,772 | -11,791,613 |
Loss (gain) on sale of subsidiary | ' | ' | -2,806,312 |
Loss (gain) on sale of equipment | 2,681 | ' | -523,468 |
Loss (gain) on sale of investments | ' | ' | -44,077 |
Mineral property interests written off | ' | ' | 4,643,637 |
Mineral property interest recovery | ' | ' | -60,120 |
Change in non-cash working capital items: | ' | ' | ' |
Amounts receivable | -42,002 | -36,447 | -63,462 |
Prepaid expenses | -204,024 | 259,923 | -318,562 |
Accounts payable and accrued liabilities | 448,988 | 398,710 | 2,289,438 |
Other liabilities | 1,080,184 | ' | 1,080,184 |
Net cash provided by (used in) operating activities, total | -9,350,562 | -8,725,172 | -92,257,848 |
Investing activities: | ' | ' | ' |
Proceeds from sale of subsidiary | ' | ' | 254,366 |
Proceeds from sale of equipment | ' | ' | 22,820 |
Proceeds from sale of mineral property | ' | ' | 1,339,002 |
Proceeds from sale of investments | ' | ' | 321,852 |
Mineral property acquisitions | -1,482,858 | -913,718 | -24,490,266 |
Deferred acquisition costs | ' | ' | -23,316 |
Additions to property, equipment and mine development | -4,874,255 | -5,004,881 | -15,143,792 |
Reclamation deposit | 871,203 | -249,120 | -396,362 |
Net cash provided by (used in) investment activities, total | -5,485,910 | -6,167,719 | -38,115,696 |
Financing activities: | ' | ' | ' |
Advance from Red Emerald Ltd. | ' | ' | 12,010,075 |
Common stock issued, net of issue costs | ' | 15,803,591 | 103,849,381 |
Preferred shares issued, net of issue costs | ' | ' | 68,295,156 |
Preferred share dividends paid | -1,925,655 | ' | -1,925,655 |
Deferred financing costs | -52,515 | ' | -52,515 |
Promissory note | ' | ' | 2,000,000 |
Repayment of promissory note | ' | ' | -2,000,000 |
Convertible debenture | ' | ' | 6,324,605 |
Net cash provided by (used in) financing activities, total | -1,978,170 | 15,803,591 | 188,501,047 |
Effect of exchange rate changes on cash: | 135,208 | -170,469 | 245,899 |
Increase (decrease) in cash and cash equivalents | -16,679,434 | 740,231 | 58,373,402 |
Cash and cash equivalents, beginning of period | 75,052,836 | 10,191,069 | ' |
Cash and cash equivalents, end of period | 58,373,402 | 10,931,300 | 58,373,402 |
Consolidated_Interim_Statement3
Consolidated Interim Statement Of Stockholders' Equity (CAD) | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Additional Paid-In Capital [Member] | Additional Paid-In Capital [Member] | Additional Paid-In Capital [Member] | Accumulated Other Comprehensive Loss [Member] | Accumulated Deficit During The Development Stage [Member] | Convertible Preferred Shares [Member] | Private Placement [Member] | Initial Public Offering [Member] | Principal Shares [Member] | At The Market [Member] | Total |
Private Placement [Member] | Initial Public Offering [Member] | Principal Shares [Member] | At The Market [Member] | Private Placement [Member] | Initial Public Offering [Member] | |||||||||||
Balance at May. 13, 1996 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued (in shares) | 700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued | 168,722 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 168,722 | ' | ' | ' | ' |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | -114,800 | ' | ' | ' | ' | ' | -114,800 |
Balance at Dec. 31, 1996 | ' | ' | ' | ' | 168,722 | ' | ' | ' | ' | -114,800 | ' | ' | ' | ' | ' | 53,922 |
Balance (in shares) at Dec. 31, 1996 | ' | ' | ' | ' | 700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of share purchase warrants (in shares) | ' | ' | ' | ' | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of share purchase warrants | ' | ' | ' | ' | 2,803,205 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,803,205 |
Acquisition of mineral property interest (in shares) | ' | ' | ' | ' | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Acquisition of mineral property interest | ' | ' | ' | ' | 2,065,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,065,500 |
Finder's fee (in shares) | ' | ' | ' | ' | 150,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Finder's fee | ' | ' | ' | ' | 309,825 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 309,825 |
Shares issued (in shares) | 1,000,000 | 2,025,000 | 750,000 | ' | ' | ' | ' | ' | ' | ' | ' | 1,000,000 | 2,000,000 | 750,000 | ' | ' |
Shares issued | 1,932,554 | 590,570 | 7,500 | ' | ' | 321,239 | ' | ' | ' | ' | ' | 2,253,793 | 590,570 | 7,500 | ' | ' |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,027,672 | ' | ' | ' | ' | ' | -2,027,672 |
Balance at Dec. 31, 1997 | ' | ' | ' | ' | 7,877,876 | ' | ' | 321,239 | ' | -2,142,472 | ' | ' | ' | ' | ' | 6,056,643 |
Balance (in shares) at Dec. 31, 1997 | ' | ' | ' | ' | 6,625,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of share purchase warrants (in shares) | ' | ' | ' | ' | 100,000 | ' | ' | ' | ' | ' | ' | 100,000 | ' | ' | ' | ' |
Exercise of share purchase warrants | ' | ' | ' | ' | 332,124 | ' | ' | -32,124 | ' | ' | ' | ' | ' | ' | ' | 300,000 |
Acquisition of mineral property interest (in shares) | ' | ' | ' | ' | 200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Acquisition of mineral property interest | ' | ' | ' | ' | 246,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 246,000 |
Finder's fee (in shares) | ' | ' | ' | ' | 150,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Finder's fee | ' | ' | ' | ' | 224,250 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 224,250 |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,943,674 | ' | ' | ' | ' | ' | -1,943,674 |
Balance at Dec. 31, 1998 | ' | ' | ' | ' | 8,680,250 | ' | ' | 289,115 | ' | -4,086,146 | ' | ' | ' | ' | ' | 4,883,219 |
Balance (in shares) at Dec. 31, 1998 | ' | ' | ' | ' | 7,075,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Consolidation of shares on a two for one basis (in shares) | ' | ' | ' | ' | -3,537,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,378,063 | ' | ' | ' | ' | ' | -2,378,063 |
Balance at Dec. 31, 1999 | ' | ' | ' | ' | 8,680,250 | ' | ' | 289,115 | ' | -6,464,209 | ' | ' | ' | ' | ' | 2,505,156 |
Balance (in shares) at Dec. 31, 1999 | ' | ' | ' | ' | 3,537,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4,718,044 | ' | ' | ' | ' | ' | -4,718,044 |
Balance at Dec. 31, 2000 | ' | ' | ' | ' | 8,680,250 | ' | ' | 289,115 | ' | -11,182,253 | ' | ' | ' | ' | ' | -2,212,888 |
Balance (in shares) at Dec. 31, 2000 | ' | ' | ' | ' | 3,537,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,427,256 | ' | ' | ' | ' | ' | 2,427,256 |
Balance at Dec. 31, 2001 | ' | ' | ' | ' | 8,680,250 | ' | ' | 289,115 | ' | -8,754,997 | ' | ' | ' | ' | ' | 214,368 |
Balance (in shares) at Dec. 31, 2001 | ' | ' | ' | ' | 3,537,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of share purchase warrants (in shares) | ' | ' | ' | ' | 4,028,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of share purchase warrants | ' | ' | ' | ' | 1,007,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,007,000 |
Acquisition of mineral property interest (in shares) | ' | ' | ' | ' | 4,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Acquisition of mineral property interest | ' | ' | ' | ' | 3,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,600,000 |
Exercise of stock options (in shares) | ' | ' | ' | ' | 32,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 32,000 |
Exercise of stock options | ' | ' | ' | ' | 12,800 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,800 |
Financing shares issued (in shares) | ' | ' | ' | ' | 31,250 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing shares issued | ' | ' | ' | ' | 35,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 35,000 |
Shares issued (in shares) | 4,824,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued | 2,133,786 | ' | ' | ' | ' | 246,839 | ' | ' | ' | ' | ' | 2,380,625 | ' | ' | ' | ' |
Share issue costs | ' | ' | ' | ' | -544,260 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -544,260 |
Stock based compensation | ' | ' | ' | ' | ' | ' | ' | 27,000 | ' | ' | ' | ' | ' | ' | ' | 27,000 |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,657,651 | ' | ' | ' | ' | ' | -1,657,651 |
Balance at Dec. 31, 2002 | ' | ' | ' | ' | 14,924,576 | ' | ' | 562,954 | ' | -10,412,648 | ' | ' | ' | ' | ' | 5,074,882 |
Balance (in shares) at Dec. 31, 2002 | ' | ' | ' | ' | 16,953,250 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of share purchase warrants (in shares) | ' | ' | ' | ' | 294,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 294,500 |
Exercise of share purchase warrants | ' | ' | ' | ' | 73,625 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 73,625 |
Shares issued (in shares) | 700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 700,000 | ' | ' | ' | ' |
Shares issued | 638,838 | ' | ' | ' | ' | 201,162 | ' | ' | ' | ' | ' | 840,000 | ' | ' | ' | ' |
Share issue costs | ' | ' | ' | ' | -19,932 | ' | ' | ' | ' | ' | ' | -19,932 | ' | ' | ' | -19,932 |
Stock based compensation | ' | ' | ' | ' | ' | ' | ' | 531,000 | ' | ' | ' | ' | ' | ' | ' | 531,000 |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,352,679 | ' | ' | ' | ' | ' | -1,352,679 |
Balance at Dec. 31, 2003 | ' | ' | ' | ' | 15,617,107 | ' | ' | 1,295,116 | ' | -11,765,327 | ' | ' | ' | ' | ' | 5,146,896 |
Balance (in shares) at Dec. 31, 2003 | ' | ' | ' | ' | 17,947,750 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of share purchase warrants (in shares) | ' | ' | ' | ' | 213,500 | ' | ' | ' | ' | ' | ' | 161,000 | ' | ' | ' | ' |
Exercise of share purchase warrants | ' | ' | ' | ' | 300,892 | ' | ' | -46,267 | ' | ' | ' | ' | ' | ' | ' | 254,625 |
Exercise of stock options (in shares) | ' | ' | ' | ' | 250,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of stock options | ' | ' | ' | ' | 157,000 | ' | ' | -27,000 | ' | ' | ' | ' | ' | ' | ' | 130,000 |
Finder's fee (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 40,000 | ' | ' | ' | ' |
Shares issued (in shares) | 2,234,400 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 400,000 | ' | ' | ' | ' |
Shares issued | 2,122,269 | ' | ' | ' | ' | 175,407 | ' | ' | ' | ' | ' | 2,297,676 | ' | ' | ' | ' |
Share issue costs | ' | ' | ' | ' | -183,512 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -183,512 |
Stock based compensation | ' | ' | ' | ' | ' | ' | ' | 941,478 | ' | ' | ' | ' | ' | ' | ' | 941,478 |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,994,702 | ' | ' | ' | ' | ' | -2,994,702 |
Balance at Dec. 31, 2004 | ' | ' | ' | ' | 18,013,756 | ' | ' | 2,338,734 | ' | -14,760,029 | ' | ' | ' | ' | ' | 5,592,461 |
Balance (in shares) at Dec. 31, 2004 | ' | ' | ' | ' | 20,645,650 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of share purchase warrants (in shares) | ' | ' | ' | ' | 1,743,000 | ' | ' | ' | ' | ' | ' | 23,000 | ' | ' | ' | ' |
Exercise of share purchase warrants | ' | ' | ' | ' | 1,543,844 | ' | ' | -4,844 | ' | ' | ' | ' | ' | ' | ' | 1,539,000 |
Exercise of stock options (in shares) | ' | ' | ' | ' | 165,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of stock options | ' | ' | ' | ' | 124,364 | ' | ' | -31,964 | ' | ' | ' | ' | ' | ' | ' | 92,400 |
Shares issued (in shares) | 4,075,800 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued | 3,266,095 | ' | ' | ' | ' | 773,335 | ' | ' | ' | ' | ' | 4,039,430 | ' | ' | ' | ' |
Share issue costs | ' | ' | ' | ' | -184,660 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -184,660 |
Stock based compensation | ' | ' | ' | ' | ' | ' | ' | 488,075 | ' | ' | ' | ' | ' | ' | ' | 488,075 |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4,402,715 | ' | ' | ' | ' | ' | -4,402,715 |
Balance at Dec. 31, 2005 | ' | ' | ' | ' | 22,763,399 | ' | ' | 3,563,336 | ' | -19,162,744 | ' | ' | ' | ' | ' | 7,163,991 |
Balance (in shares) at Dec. 31, 2005 | ' | ' | ' | ' | 26,629,950 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of share purchase warrants (in shares) | ' | ' | ' | ' | 3,227,000 | ' | ' | ' | ' | ' | ' | 23,000 | ' | ' | ' | ' |
Exercise of share purchase warrants | ' | ' | ' | ' | 4,182,991 | ' | ' | -768,491 | ' | ' | ' | ' | ' | ' | ' | 3,414,500 |
Acquisition of mineral property interest (in shares) | ' | ' | ' | ' | 40,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Acquisition of mineral property interest | ' | ' | ' | ' | 88,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 88,000 |
Exercise of stock options (in shares) | ' | ' | ' | ' | 306,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of stock options | ' | ' | ' | ' | 325,530 | ' | ' | -111,330 | ' | ' | ' | ' | ' | ' | ' | 214,200 |
Shares issued | 10,760,355 | ' | ' | ' | ' | 944,645 | ' | ' | ' | ' | ' | 11,705,000 | ' | ' | ' | ' |
Share issue costs | 5,725,000 | ' | ' | ' | -248,512 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -248,512 |
Stock based compensation | ' | ' | ' | ' | ' | ' | ' | 992,400 | ' | ' | ' | ' | ' | ' | ' | 992,400 |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | -7,241,228 | ' | ' | ' | ' | ' | -7,241,228 |
Balance at Dec. 31, 2006 | ' | ' | ' | ' | 37,871,763 | ' | ' | 4,620,560 | ' | -26,403,972 | ' | ' | ' | ' | ' | 16,088,351 |
Balance (in shares) at Dec. 31, 2006 | ' | ' | ' | ' | 35,927,950 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of share purchase warrants (in shares) | ' | ' | ' | ' | 3,395,605 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of share purchase warrants | ' | ' | ' | ' | 10,777,930 | ' | ' | -2,081,407 | ' | ' | ' | ' | ' | ' | ' | 8,696,523 |
Acquisition of mineral property interest (in shares) | ' | ' | ' | ' | 7,764,109 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Acquisition of mineral property interest | ' | ' | ' | ' | 25,000,431 | ' | ' | 2,028,074 | ' | ' | ' | ' | ' | ' | ' | 27,028,505 |
Exercise of stock options (in shares) | ' | ' | ' | ' | 595,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of stock options | ' | ' | ' | ' | 1,485,415 | ' | ' | -694,515 | ' | ' | ' | ' | ' | ' | ' | 790,900 |
Shares issued (in shares) | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued | 5,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,400,000 | ' | ' | ' | ' |
Share issue costs | ' | ' | ' | ' | -28,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -28,000 |
Stock based compensation | ' | ' | ' | ' | ' | ' | ' | 1,502,912 | ' | ' | ' | ' | ' | ' | ' | 1,502,912 |
Unrealized gain / (loss) on investment | ' | ' | ' | ' | ' | ' | ' | ' | -120,000 | ' | ' | ' | ' | ' | ' | -120,000 |
Adjustment of future income tax liability to mineral properties (note 2(p)) | ' | ' | ' | ' | ' | ' | ' | ' | ' | -389,955 | ' | ' | ' | ' | ' | -389,955 |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | -10,666,106 | ' | ' | ' | ' | ' | -10,666,106 |
Balance at Dec. 31, 2007 | ' | ' | ' | ' | 80,507,539 | ' | ' | 5,375,624 | -120,000 | -37,460,033 | ' | ' | ' | ' | ' | 48,303,130 |
Balance (in shares) at Dec. 31, 2007 | ' | ' | ' | ' | 49,682,664 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of share purchase warrants (in shares) | ' | ' | ' | ' | 108,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of share purchase warrants | ' | ' | ' | ' | 364,404 | ' | ' | -209,405 | ' | ' | ' | ' | ' | ' | ' | 154,999 |
Acquisition of mineral property interest (in shares) | ' | ' | ' | ' | 30,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Acquisition of mineral property interest | ' | ' | ' | ' | 88,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 88,500 |
Exercise of stock options (in shares) | ' | ' | ' | ' | 479,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 395,000 |
Exercise of stock options | ' | ' | ' | ' | 1,186,462 | ' | ' | -453,212 | ' | ' | ' | ' | ' | ' | ' | 733,250 |
Shares issued (in shares) | 14,521,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued | 6,174,441 | ' | ' | ' | ' | 956,509 | ' | ' | ' | ' | ' | 7,130,950 | ' | ' | ' | ' |
Share issue costs | ' | ' | ' | ' | -139,705 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -139,705 |
Stock based compensation | ' | ' | ' | ' | ' | ' | ' | 501,028 | ' | ' | ' | ' | ' | ' | ' | 501,028 |
Unrealized gain / (loss) on investment | ' | ' | ' | ' | ' | ' | ' | ' | -502,225 | ' | ' | ' | ' | ' | ' | -502,225 |
Investment write-down | ' | ' | ' | ' | ' | ' | ' | ' | 622,225 | ' | ' | ' | ' | ' | ' | 622,225 |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | -16,165,394 | ' | ' | ' | ' | ' | -16,165,394 |
Balance at Dec. 31, 2008 | ' | ' | ' | ' | 88,181,641 | ' | ' | 6,170,544 | ' | -53,625,427 | ' | ' | ' | ' | ' | 40,726,758 |
Balance (in shares) at Dec. 31, 2008 | ' | ' | ' | ' | 64,821,664 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of share purchase warrants (in shares) | ' | ' | ' | ' | 12,500,000 | ' | ' | ' | ' | ' | ' | 12,500,000 | ' | ' | ' | ' |
Exercise of share purchase warrants | ' | ' | ' | ' | 4,456,509 | ' | ' | -956,509 | ' | ' | ' | ' | ' | ' | ' | 3,500,000 |
Exercise of stock options (in shares) | ' | ' | ' | ' | 33,333 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 33,333 |
Exercise of stock options | ' | ' | ' | ' | 32,815 | ' | ' | -11,164 | ' | ' | ' | ' | ' | ' | ' | 21,651 |
Stock based compensation | ' | ' | ' | ' | ' | ' | ' | 1,152,238 | ' | ' | ' | ' | ' | ' | ' | 1,152,238 |
Unrealized gain / (loss) on investment | ' | ' | ' | ' | ' | ' | ' | ' | 53,850 | ' | ' | ' | ' | ' | ' | 53,850 |
Realized gain on sale of investments | ' | ' | ' | ' | ' | ' | ' | ' | -53,850 | ' | ' | ' | ' | ' | ' | -53,850 |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,642,176 | ' | ' | ' | ' | ' | -2,642,176 |
Balance at Dec. 31, 2009 | ' | ' | ' | ' | 92,670,965 | ' | ' | 6,355,109 | ' | -56,267,603 | ' | ' | ' | ' | ' | 42,758,471 |
Balance (in shares) at Dec. 31, 2009 | ' | ' | ' | ' | 77,354,997 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of share purchase warrants (in shares) | ' | ' | ' | ' | 12,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of share purchase warrants | ' | ' | ' | ' | 14,024 | ' | ' | -4,024 | ' | ' | ' | ' | ' | ' | ' | 10,000 |
Shares issued (in shares) | 1,333,333 | 17,738,666 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued | 514,365 | 8,294,058 | ' | ' | ' | 285,635 | 1,504,996 | ' | ' | ' | ' | 800,000 | 9,799,054 | ' | ' | ' |
Share issue costs | ' | ' | ' | ' | -1,431,027 | ' | ' | 212,109 | ' | ' | ' | ' | ' | ' | ' | -1,218,918 |
Stock based compensation | ' | ' | ' | ' | ' | ' | ' | 838,601 | ' | ' | ' | ' | ' | ' | ' | 838,601 |
Unrealized gain / (loss) on investment | ' | ' | ' | ' | ' | ' | ' | ' | 13,125 | ' | ' | ' | ' | ' | ' | 13,125 |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | -5,826,972 | ' | ' | ' | ' | ' | -5,826,972 |
Balance at Dec. 31, 2010 | ' | ' | ' | ' | 100,062,385 | ' | ' | 9,192,426 | 13,125 | -62,094,575 | ' | ' | ' | ' | ' | 47,173,361 |
Balance (in shares) at Dec. 31, 2010 | ' | ' | ' | ' | 96,439,496 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of share purchase warrants (in shares) | ' | ' | ' | ' | 8,611,356 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of share purchase warrants | ' | ' | ' | ' | 10,849,874 | ' | ' | -1,578,554 | ' | ' | ' | ' | ' | ' | ' | 9,271,320 |
Exercise of stock options (in shares) | ' | ' | ' | ' | 729,997 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of stock options | ' | ' | ' | ' | 743,200 | ' | ' | -290,451 | ' | ' | ' | ' | ' | ' | ' | 452,749 |
Bought deal offering (in shares) | ' | ' | ' | ' | 7,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Bought deal offering | ' | ' | ' | ' | 11,742,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11,742,000 |
Shares issued (in shares) | ' | ' | ' | 568,626 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued | ' | ' | ' | 1,518,845 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,518,845 | ' |
Share issue costs | ' | ' | ' | ' | -990,900 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -990,900 |
Stock based compensation | ' | ' | ' | ' | ' | ' | ' | 3,626,687 | ' | ' | ' | ' | ' | ' | ' | 3,626,687 |
Unrealized gain / (loss) on investment | ' | ' | ' | ' | ' | ' | ' | ' | 13,750 | ' | ' | ' | ' | ' | ' | 13,750 |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | -15,527,179 | ' | ' | ' | ' | ' | -15,527,179 |
Balance at Dec. 31, 2011 | ' | ' | ' | ' | 123,925,404 | ' | ' | 10,950,108 | 26,875 | -77,621,754 | ' | ' | ' | ' | ' | 57,280,633 |
Balance (in shares) at Dec. 31, 2011 | ' | ' | ' | ' | 113,849,475 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of share purchase warrants (in shares) | ' | ' | ' | ' | 1,533,650 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of share purchase warrants | ' | ' | ' | ' | 1,644,073 | ' | ' | -417,153 | ' | ' | ' | ' | ' | ' | ' | 1,226,920 |
Exercise of stock options (in shares) | ' | ' | ' | ' | 737,501 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of stock options | ' | ' | ' | ' | 701,391 | ' | ' | -275,706 | ' | ' | ' | ' | ' | ' | ' | 425,685 |
Shares issued (in shares) | ' | 12,261,562 | ' | 69,110 | ' | ' | ' | ' | ' | ' | 37,837,838 | ' | ' | ' | ' | ' |
Shares issued | ' | 13,370,717 | ' | ' | ' | ' | ' | ' | ' | ' | 44,240,154 | ' | 13,370,717 | ' | ' | ' |
Share issue costs | ' | ' | ' | ' | -1,437,675 | ' | ' | ' | ' | ' | -411,266 | ' | ' | ' | ' | -1,437,675 |
Stock based compensation | ' | ' | ' | ' | ' | ' | ' | 1,593,140 | ' | ' | ' | ' | ' | ' | ' | 1,593,140 |
Share issuance At-the-Market Program | ' | ' | ' | 100,434 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100,434 | ' |
Accretion of cost of Redeemable preferred shares | ' | ' | ' | ' | ' | ' | ' | -153,662 | ' | ' | 153,662 | ' | ' | ' | ' | -153,662 |
Dividends Payable | ' | ' | ' | ' | ' | ' | ' | -278,572 | ' | ' | 278,572 | ' | ' | ' | ' | -278,572 |
Unrealized gain / (loss) on investment | ' | ' | ' | ' | ' | ' | ' | ' | -56,250 | ' | ' | ' | ' | ' | ' | -56,250 |
Unrealized foreign exchange gain / (loss) | ' | ' | ' | ' | ' | ' | ' | ' | -406,969 | ' | ' | ' | ' | ' | ' | -406,969 |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | -15,274,622 | ' | ' | ' | ' | ' | -15,274,622 |
Balance at Dec. 31, 2012 | ' | ' | ' | ' | 138,304,344 | ' | ' | 11,418,155 | -436,344 | -92,896,376 | 44,261,122 | ' | ' | ' | ' | 56,389,779 |
Balance (in shares) at Dec. 31, 2012 | ' | ' | ' | ' | 128,451,298 | ' | ' | ' | ' | ' | 37,837,838 | ' | ' | ' | ' | ' |
Shares issued: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividend share issuance (in shares) | ' | ' | ' | ' | 1,166,930 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividend share issuance | ' | ' | ' | ' | 1,253,352 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,253,352 |
Share issue costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -314 | ' | ' | ' | ' | ' |
Stock based compensation | ' | ' | ' | ' | ' | ' | ' | 993,953 | ' | ' | ' | ' | ' | ' | ' | 993,953 |
Accretion of cost of Redeemable preferred shares | ' | ' | ' | ' | ' | ' | ' | -2,697,943 | ' | ' | 2,697,943 | ' | ' | ' | ' | -2,697,943 |
Dividends Payable | ' | ' | ' | ' | ' | ' | ' | -4,367,633 | ' | ' | -278,572 | ' | ' | ' | ' | -4,367,633 |
Unrealized gain / (loss) on investment | ' | ' | ' | ' | ' | ' | ' | ' | -13,750 | ' | ' | ' | ' | ' | ' | -13,750 |
Investment write-down | ' | ' | ' | ' | ' | ' | ' | ' | 43,125 | ' | ' | ' | ' | ' | ' | 43,125 |
Unrealized foreign exchange gain / (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 677,747 | ' | ' | ' | ' | ' | ' | 677,747 |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,690,837 | ' | ' | ' | ' | ' | 6,690,837 |
Balance at Sep. 30, 2013 | ' | ' | ' | ' | 139,557,696 | ' | ' | 5,346,532 | 270,778 | -86,205,539 | 46,680,179 | ' | ' | ' | ' | 58,969,467 |
Balance (in shares) at Sep. 30, 2013 | ' | ' | ' | ' | 129,618,228 | ' | ' | ' | ' | ' | 37,837,838 | ' | ' | ' | ' | ' |
Schedule_Of_Mineral_Exploratio
Schedule Of Mineral Exploration Expenditures (CAD) | 3 Months Ended | 9 Months Ended | 209 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 1,605,572 | 1,929,882 | 4,173,755 | 5,097,446 | 69,856,984 |
Pan [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 578,309 | 700,787 | 1,432,693 | 1,152,876 | 16,203,322 |
Pan [Member] | Assays And Analysis [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 1,358 | ' | 1,358 | 3,807 | 933,246 |
Pan [Member] | Drilling [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | 451 | ' | -58,436 | 3,712,110 |
Pan [Member] | Engineering And Consulting [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 31,427 | 1,666 | 65,781 | 27,303 | 3,657,060 |
Pan [Member] | Environmental [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | 4,499 | 32 | 11,551 | 706,681 |
Pan [Member] | Field Office And Supplies [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 126,622 | 102,853 | 208,812 | 230,467 | 1,152,821 |
Pan [Member] | Legal [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | 1,814 | 6,076 | 32,887 | 343,595 |
Pan [Member] | Property Maintenance And Taxes [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | 86,102 | 1,200 | 89,047 | 960,347 |
Pan [Member] | Reclamation Costs [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | -4,946 | 2,245 | 1,896 | 6,014 | -6,856 |
Pan [Member] | Reproduction And Drafting [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 4,102 | 2,998 | 6,084 | 6,415 | 85,849 |
Pan [Member] | Salaries And Labor [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 378,504 | 410,196 | 999,378 | 687,280 | 3,896,192 |
Pan [Member] | Travel, Transportation And Accommodation [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 41,242 | 87,963 | 142,076 | 116,541 | 762,277 |
Gold Rock [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 629,269 | 1,021,807 | 2,294,594 | 2,075,021 | 8,574,611 |
Gold Rock [Member] | Assays And Analysis [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 7,150 | 46,789 | 124,361 | 136,202 | 612,313 |
Gold Rock [Member] | Drilling [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | 395,422 | 413,109 | 421,749 | 2,678,834 |
Gold Rock [Member] | Engineering And Consulting [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 33,036 | 63,811 | 181,366 | 287,361 | 885,040 |
Gold Rock [Member] | Environmental [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 338,790 | 181,632 | 581,367 | 533,569 | 1,454,288 |
Gold Rock [Member] | Field Office And Supplies [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 17,980 | 66,336 | 196,731 | 152,229 | 590,695 |
Gold Rock [Member] | Legal [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 114 | 875 | 16,111 | 8,581 | 60,077 |
Gold Rock [Member] | Property Maintenance And Taxes [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 167,589 | 98,654 | 236,411 | 112,985 | 776,934 |
Gold Rock [Member] | Reclamation Costs [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 84 | 122 | 6,600 | 12,301 | 39,398 |
Gold Rock [Member] | Reproduction And Drafting [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 704 | 1,720 | 2,381 | 2,503 | 41,764 |
Gold Rock [Member] | Salaries And Labor [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 48,542 | 151,473 | 469,222 | 361,812 | 1,230,397 |
Gold Rock [Member] | Travel, Transportation And Accommodation [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 15,280 | 14,973 | 66,935 | 45,729 | 204,871 |
Spring Valley [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | 21,705 | 4,914 | 128,916 | 20,504,431 |
Spring Valley [Member] | Assays And Analysis [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | ' | ' | 3,329,900 |
Spring Valley [Member] | Drilling [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | ' | ' | 10,261,359 |
Spring Valley [Member] | Engineering And Consulting [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | 4 | -205 | 30,347 | 2,738,419 |
Spring Valley [Member] | Environmental [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | ' | ' | 300,445 |
Spring Valley [Member] | Field Office And Supplies [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | 693 | 160 | 6,960 | 566,960 |
Spring Valley [Member] | Legal [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | 9,703 | 3,627 | 63,282 | 502,584 |
Spring Valley [Member] | Operator Fee [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | ' | ' | 108,339 |
Spring Valley [Member] | Property Maintenance And Taxes [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | 8,396 | ' | 8,396 | 496,317 |
Spring Valley [Member] | Reclamation Costs [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | -45 | 12 | 89 | 30,975 |
Spring Valley [Member] | Reproduction And Drafting [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | 20 | 4 | 110 | 30,172 |
Spring Valley [Member] | Salaries And Labor [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | 2,822 | 1,195 | 18,040 | 1,280,297 |
Spring Valley [Member] | Travel, Transportation And Accommodation [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | 112 | 121 | 1,692 | 858,664 |
Tonopah [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 78,942 | 90,583 | 84,812 | 222,603 | 10,751,674 |
Tonopah [Member] | Assays And Analysis [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | ' | 19,496 | 552,388 |
Tonopah [Member] | Drilling [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | ' | -64 | 2,834,782 |
Tonopah [Member] | Engineering And Consulting [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | 14 | 2,335 | 14,545 | 4,453,406 |
Tonopah [Member] | Environmental [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 1,498 | ' | 2,271 | ' | 238,409 |
Tonopah [Member] | Field Office And Supplies [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 931 | 2,734 | 1,166 | 14,886 | 291,942 |
Tonopah [Member] | Legal [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | 46 | 30 | 440 | 165,817 |
Tonopah [Member] | Property Maintenance And Taxes [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 69,533 | 73,963 | 70,055 | 74,471 | 708,522 |
Tonopah [Member] | Reclamation Costs [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 10 | ' | 281 | 4,912 | 39,519 |
Tonopah [Member] | Reproduction And Drafting [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | 79 | 6 | 177 | 23,637 |
Tonopah [Member] | Salaries And Labor [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 6,074 | 12,615 | 7,575 | 86,815 | 962,343 |
Tonopah [Member] | Travel, Transportation And Accommodation [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 896 | 1,132 | 1,093 | 6,925 | 480,909 |
Golden Eagle [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 525 | 16,644 | 10,618 | 82,444 | 577,493 |
Golden Eagle [Member] | Assays And Analysis [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | 7 | ' | 7 | 21,700 |
Golden Eagle [Member] | Drilling [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | ' | ' | 3,638 |
Golden Eagle [Member] | Engineering And Consulting [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | 13,734 | 3,212 | 62,579 | 449,745 |
Golden Eagle [Member] | Field Office And Supplies [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 6 | 569 | 500 | 3,098 | 5,936 |
Golden Eagle [Member] | Legal [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | 18 | 66 | 527 | 22,115 |
Golden Eagle [Member] | Property Maintenance And Taxes [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 473 | ' | 3,653 | 8,527 | 33,557 |
Golden Eagle [Member] | Salaries And Labor [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 40 | 2,227 | 2,947 | 7,167 | 18,923 |
Golden Eagle [Member] | Travel, Transportation And Accommodation [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 6 | 89 | 240 | 539 | 21,879 |
Pinyon Project [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 76,901 | ' | 159,115 | ' | 159,115 |
Pinyon Project [Member] | Engineering And Consulting [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | 273 | ' | 273 |
Pinyon Project [Member] | Field Office And Supplies [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 907 | ' | 4,384 | ' | 4,384 |
Pinyon Project [Member] | Legal [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | 480 | ' | 480 |
Pinyon Project [Member] | Property Maintenance And Taxes [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 69,190 | ' | 124,306 | ' | 124,306 |
Pinyon Project [Member] | Reclamation Costs [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 10 | ' | 36 | ' | 36 |
Pinyon Project [Member] | Reproduction And Drafting [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | 101 | ' | 101 |
Pinyon Project [Member] | Salaries And Labor [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 5,920 | ' | 26,968 | ' | 26,968 |
Pinyon Project [Member] | Travel, Transportation And Accommodation [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 874 | ' | 2,567 | ' | 2,567 |
Abandoned Properties [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | 16,237 | 64 | 538,923 | 11,081,800 |
Abandoned Properties [Member] | Acquisition Costs And Option Payments [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | ' | ' | 40,340 |
Abandoned Properties [Member] | Assays And Analysis [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | 859 | ' | 77,095 | 188,275 |
Abandoned Properties [Member] | Drilling [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | ' | 177,012 | 1,273,920 |
Abandoned Properties [Member] | Engineering And Consulting [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | 3 | ' | 56,359 | 3,802,398 |
Abandoned Properties [Member] | Foreign Exchange Gain [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | ' | ' | 81,600 |
Abandoned Properties [Member] | Field Office And Supplies [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | 219 | 3 | 38,071 | 349,637 |
Abandoned Properties [Member] | Freight [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | ' | ' | 234,956 |
Abandoned Properties [Member] | Legal And Accounting [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | 2 | ' | 3,233 | 469,997 |
Abandoned Properties [Member] | Marketing [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | ' | ' | 91,917 |
Abandoned Properties [Member] | Interest On Convertible Loans [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | ' | ' | 1,288,897 |
Abandoned Properties [Member] | Property Maintenance And Taxes [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | 12,204 | ' | 32,653 | 563,085 |
Abandoned Properties [Member] | Processing And Laboratory Supplies [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | ' | ' | 941,335 |
Abandoned Properties [Member] | Recoveries [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | ' | ' | -39,850 |
Abandoned Properties [Member] | Reclamation Costs [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | -50 | ' | 8,301 | 51,597 |
Abandoned Properties [Member] | Reproduction And Drafting [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | ' | ' | 6,215 |
Abandoned Properties [Member] | Mining Costs [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | ' | ' | 693,985 |
Abandoned Properties [Member] | Salaries And Labor [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | 2,875 | 17 | 121,380 | 162,791 |
Abandoned Properties [Member] | Security [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | ' | ' | 350,584 |
Abandoned Properties [Member] | Travel, Transportation And Accommodation [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | 125 | 44 | 24,819 | 470,696 |
Abandoned Properties [Member] | Utilities And Water [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | ' | ' | 59,425 |
Property Investigations [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 241,626 | 62,119 | 186,945 | 896,663 | 2,004,538 |
Property Investigations [Member] | Assays And Analysis [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 1,550 | 12,820 | 1,550 | 22,254 | 200,078 |
Property Investigations [Member] | Drilling [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | ' | 565 | 169,694 |
Property Investigations [Member] | Engineering And Consulting [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | ' | 174,734 | 385,125 |
Property Investigations [Member] | Environmental [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | ' | ' | 22,761 |
Property Investigations [Member] | Field Office And Supplies [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | ' | 5,545 | 25,539 |
Property Investigations [Member] | Legal [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | ' | ' | 10,952 |
Property Investigations [Member] | Property Maintenance And Taxes [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 240,076 | 46,867 | 185,012 | 655,437 | 1,017,255 |
Property Investigations [Member] | Reclamation Costs [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | ' | ' | 3,048 |
Property Investigations [Member] | Reproduction And Drafting [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | ' | 394 | 5,336 |
Property Investigations [Member] | Salaries And Labor [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | 2,432 | ' | 27,421 | 38,725 |
Property Investigations [Member] | Travel, Transportation And Accommodation [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | 383 | 10,313 | 126,025 |
Segment Subtotal Number One [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 1,207,578 | 1,744,299 | 3,732,201 | 3,356,813 | 45,282,364 |
Segment Subtotal Number Two [Member] | ' | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' | ' |
Exploration costs incurred | 1,363,946 | 1,851,526 | 3,986,746 | 3,661,860 | 56,770,646 |
Nature_And_Continuance_Of_Oper
Nature And Continuance Of Operations | 9 Months Ended |
Sep. 30, 2013 | |
Nature And Continuance Of Operations [Abstract] | ' |
Nature And Continuance Of Operations | ' |
1. Nature and continuance of operations | |
Midway Gold Corp. (the “Company”) was incorporated on May 14, 1996 under the laws of the Province of British Columbia and its principal business activities are the acquisition, exploration and development of mineral properties. | |
The Company has not generated any revenues from operations. These consolidated financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business in the foreseeable future. The Company has incurred operating losses for the three and nine months ended September 30, 2013 of $3,964,571 and $13,383,230, respectively. Further operating losses are anticipated in the development of its business. Since inception of May 14, 1996 to September 30, 2013 the Company’s accumulated deficit totals $86,205,539. Management believes that the Company’s cash on hand of $58,373,402 at September 30, 2013 is sufficient to finance exploration and development activities and operations through at least the next twelve months. | |
The Company’s ability to continue on a going concern basis beyond the next twelve months depends on its ability to successfully obtain additional financing for substantial capital expenditures and to successfully reach gold production from our Pan project in order to achieve planned principal operations. While the Company has been successful in the past in obtaining financing, there is no assurance that it will be able to obtain adequate financing in the future or that such financing will be on terms acceptable to the Company. | |
These financial statements do not reflect adjustments that would be necessary if the going concern assumption were not appropriate. | |
Significant_Accounting_Policie
Significant Accounting Policies And Change In Accounting Policy | 9 Months Ended |
Sep. 30, 2013 | |
Significant Accounting Policies And Change In Accounting Policy [Abstract] | ' |
Significant Accounting Policies And Change In Accounting Policy | ' |
2. Significant accounting policies and change in accounting policy | |
The consolidated interim financial statements included herein have been prepared by the Company, without audit, in accordance with the rules and regulations of the United States Securities and Exchange Commission (“SEC”) pursuant to Rule 10-01 of Regulation S-X. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted pursuant to such SEC rules and regulations, although the Company believes that the disclosures included are adequate to make the information presented not misleading. Certain reclassifications have been made to prior period financial statements to conform to the current period presentation. | |
In management’s opinion, the unaudited consolidated interim financial statements contained herein reflect all adjustments, consisting solely of normal recurring items, which are necessary for the fair presentation of our financial position, results of operations, and cash flows on a basis consistent with that of our prior audited consolidated financial statements. However, the results of operations for interim periods may not be indicative of results to be expected for the full fiscal year. The Company’s 2012 Annual Report on Form 10-K includes a summary of significant accounting policies and should be read in conjunction with this Form 10-Q. | |
Recently issued accounting pronouncements | |
In July 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. The guidance requires an entity to present an unrecognized tax benefit, or a portion of an unrecognized tax benefit, in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss or tax credit carryforward, unless such tax loss or credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes resulting from the disallowance of a tax position. In the event that the tax position is disallowed or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit shall be presented in the financial statements as a liability and shall not be combined with deferred tax assets. | |
The guidance is effective for annual reporting periods beginning after December 15, 2013, and interim periods within those annual periods, and is to be applied prospectively. The adoption of this standard will not have a significant impact on the Company’s consolidated financial statements. | |
In March 2013, the FASB issued Accounting Standards Update ("ASU") 2013-05, “Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity”, an amendment to FASB Accounting Standards Codification ("ASC") Topic 830, “Foreign Currency Matters” ("FASB ASC Topic 830"). The update clarifies that complete or substantially complete liquidation of a foreign entity is required to release the cumulative translation adjustment ("CTA") for transactions occurring within a foreign entity. However, transactions impacting investments in a foreign entity may result in a full or partial release of CTA even though complete or substantially complete liquidation of the foreign entity has not occurred. Furthermore, for transactions involving step acquisitions, the CTA associated with the previous equity-method investment will be fully released when control is obtained and consolidation occurs. This ASU is effective for fiscal years beginning after December 15, 2013. The adoption of this standard will not have a significant impact on the Company’s consolidated financial statements. | |
In February 2013, the FASB issued ASU 2013-04, “Obligations Resulting From Joint and Several Liability Arrangements for Which the Total Amount of the Obligation is Fixed at the Reporting Date, an amendment to FASB ASC Topic 405, Liabilities” ("FASB ASC Topic 405"). The update requires an entity to measure obligations resulting from joint and several liability arrangements for which the total amount of the obligation is fixed as of the reporting date as the sum of the obligation the entity agreed to pay among its co-obligors and any additional amount the entity expects to pay on behalf of its co-obligors. This ASU is effective for annual and interim periods beginning after December 15, 2013 and is required to be applied retrospectively to all prior periods presented for those obligations that existed upon adoption of the ASU. The adoption of this standard will not have a significant impact on the Company’s consolidated financial statements. | |
Recently adopted accounting policies | |
In February 2013, the FASB issued ASU 2013-02, “Other Comprehensive Income (Topic 220)”. The objective of this update is to improve the reporting of reclassifications out of accumulated other comprehensive income. The amendments in this update seek to attain that objective by requiring an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under U.S. GAAP to be reclassified in its entirety to net income in the same reporting period. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under U.S. GAAP that provide additional detail about those amounts. This accounting standard update is effective prospectively for annual and interim periods beginning after December 15, 2012. The Company adopted ASU 2013-02 on January 1, 2013 and its adoption did not have a significant impact on the Company’s consolidated financial statements. | |
In October 2012, the FASB issued ASU 2012-04, “Technical Corrections and Improvements”. The amendments in this update cover a wide range of Topics in the Accounting Standards Codification. These amendments include technical corrections and improvements to the Accounting Standards Codification and conforming amendments related to fair value measurements. The amendments in this update were effective for fiscal periods beginning after December 15, 2012. The Company adopted ASU 2012-04 on January 1, 2013 and its adoption did not have a significant impact on the Company’s consolidated financial statements. | |
In December 2011, the FASB issued ASU 2011-11 “Balance Sheet: Disclosures about Offsetting Assets and Liabilities” (“ASU 2011-11”). This update requires an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. The objective of this disclosure is to facilitate comparison between those entities that prepare their financial statements on the basis of U.S. GAAP and those entities that prepare their financial statements on the basis of IFRS. The amended guidance is effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. The Company adopted ASU 2011-11 on January 1, 2013 and its adoption did not have a significant impact on the Company’s consolidated financial statements. | |
Net_Income_Loss_Per_Share
Net (Income) Loss Per Share | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Net (Income) Loss Per Share [Abstract] | ' | ||||||||||||
Net (Income) Loss Per Share | ' | ||||||||||||
3. Net (income) loss per share | |||||||||||||
Basic (income) loss per common share is computed using the weighted-average number of common shares outstanding during the period. Diluted (income) loss per common share is calculated using the weighted-average number of common shares outstanding for the period and include the dilutive effect of preferred shares using the if-converted method and exercise of stock options and warrants. | |||||||||||||
The two-class method is used to calculate basic and diluted (income) loss per common share since preferred shares are a participating security under ASC 260 Earnings per share. The two-class method is an earnings allocation formula that determines income per share for each class of common stock and participating security according to dividends declared (or accumulated) and participation rights in undistributed earnings. Under the two-class method, basic (income) loss per common share is computed by dividing net (income) loss attributable to common shareholders after allocation of income to participating securities by the weighted-average number of common shares outstanding during the year. Diluted (income) loss per common share is computed using the more dilutive of the two-class method or the if-converted method. In periods of net loss, no effect is given to participating securities since they do not contractually participate in the losses of the Company. | |||||||||||||
Basic and diluted (income) loss per share for the three and nine month periods ended September 30, 2013 and 2012 are calculated as follows: | |||||||||||||
Three months ended | Nine months ended | ||||||||||||
September 30, | September 30, | ||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||
Basic (income) loss per share: | |||||||||||||
Numerator: | |||||||||||||
Net (income) loss attributable to common shareholders | $ | 6,411,707 | $ | 3,515,919 | $ | 374,739 | $ | 10,815,558 | |||||
Denominator: | |||||||||||||
Weighted-average common shares for basic (income) loss per share | 129,605,544 | 127,188,712 | 128,840,275 | 118,571,642 | |||||||||
Basic (income) loss per share | $ | 0.05 | $ | 0.03 | $ | - | $ | 0.09 | |||||
Diluted (income) loss per share: | |||||||||||||
Numerator: | |||||||||||||
Net (income) loss attributable to common shareholders | $ | 6,411,707 | $ | 3,515,919 | $ | 374,739 | $ | 10,815,558 | |||||
Effect of Gain on change in fair value of derivative preferred liability | - | - | 14,427,439 | - | |||||||||
Effect of Accretion of redeemable preferred shares | - | - | -2,697,943 | - | |||||||||
Effect of Preferred shares dividend | - | - | -4,367,633 | - | |||||||||
Effect of Canadian corporate dividend tax | - | - | -1,061,992 | - | |||||||||
Diluted (income) loss | $ | 6,411,707 | $ | 3,515,919 | $ | 6,674,610 | $ | 10,815,558 | |||||
Denominator: | |||||||||||||
Weighted-average common shares for basic (income) loss per share | 129,605,544 | 127,188,712 | 128,840,275 | 118,571,642 | |||||||||
Effect of dilutive securities: | |||||||||||||
Preferred Series A shares | - | - | 37,837,838 | - | |||||||||
Stock Options | - | - | - | - | |||||||||
Dilutive potential common shares | - | - | 37,837,838 | - | |||||||||
Total shares | 129,605,544 | 127,188,712 | 166,678,113 | 118,571,642 | |||||||||
Diluted (income) loss per share | $ | 0.05 | $ | 0.03 | $ | 0.04 | $ | 0.09 | |||||
For the three and nine months ended September 30, 2013 and 2012, the effects of the assumed exercise of the combined stock options and warrants of 4,134,167 and 4,670,834, shares of common stock, respectively, were excluded from the calculation of diluted net income per share as the effect would be anti-dilutive. | |||||||||||||
Fair_Value_Measurements
Fair Value Measurements | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Fair Value Measurements [Abstract] | ' | ||||||||||||
Fair Value Measurements | ' | ||||||||||||
4. Fair value measurements | |||||||||||||
ASC 820 establishes a fair value hierarchy which prioritizes the inputs used in measuring fair value into three broad levels as follows: | |||||||||||||
Level 1- Quoted prices in active markets for identical assets or liabilities. | |||||||||||||
Level 2- Inputs other than the quoted prices in active markets that are observable either directly or indirectly. | |||||||||||||
Level 3- Unobservable inputs based on the Company’s assumptions. | |||||||||||||
The Company’s Level 1 assets at December 31, 2012 included investments in common shares available for sale with no trading restrictions as determined using a market approach based upon unadjusted quoted prices for identical assets in an active market. | |||||||||||||
The Company’s Level 2 liabilities include two derivative liabilities. The first relates to warrants issued as part of a public offering on July 6, 2012 (note 9(xxxix)). The Company determines the fair value of the warrant liability using the Black-Scholes option pricing model and records the change in the fair value of the warrant liability at each reporting period through the Statement of Operations. The second is an embedded derivative liability related to the convertible Series A Preferred Shares issued as part of a private offering closed on December 13, 2012 (note 10). The Company engaged a third party valuation firm to determine the fair value of the derivative liability and the Company records the change in the fair value of the derivative liability at each reporting period through the Statement of Operations. | |||||||||||||
The Company did not have any Level 3 assets or liabilities at September 30, 2013 or December 31, 2012. | |||||||||||||
The determination of fair value for financial reporting purposes at September 30, 2013 utilizing the applicable framework is as follows: | |||||||||||||
Financial Instrument | Quoted Prices in Active Markets for Identical Assets | Significant other observable inputs | Significant unobservable inputs | Total at September 30, 2013 | |||||||||
Liabilities | |||||||||||||
Warrant liability | $ | - | $ | -19,638 | $ | - | $ | -19,638 | |||||
Preferred share liability | - | -12,902,696 | - | -12,902,696 | |||||||||
Financial instruments measured at fair value as at December 31, 2012 were as follows: | |||||||||||||
Financial Instrument | Quoted Prices in Active Markets for Identical Assets | Significant other observable inputs | Significant unobservable inputs | Total at December 31, 2012 | |||||||||
Assets | |||||||||||||
Available-for-sale securities | $ | 13,750 | $ | - | $ | - | $ | 13,750 | |||||
Liabilities | |||||||||||||
Warrant liability | $ | - | $ | -1,166,381 | $ | - | $ | -1,166,381 | |||||
Preferred share liability | - | -27,330,135 | - | -27,330,135 | |||||||||
Investments
Investments | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Investments [Abstract] | ' | |||||||||||
Investments | ' | |||||||||||
5. Investments | ||||||||||||
On October 26, 2010, as consideration of certain area of interest obligations of NV Gold Corporation (“NVX”) that applied to the Roberts Gold project, the Company was issued 250,000 common shares of NVX. | ||||||||||||
During the three and nine month periods ended September 30, 2013, the Company wrote off the investment resulting in a realized loss of $43,125 for both periods. During the three and nine month periods ended September 30, 2012, the Company recorded a net unrealized loss of $346 and $51,250, respectively, on the common shares of NVX in accumulated other comprehensive income. | ||||||||||||
30-Sep-13 | ||||||||||||
Number of shares | Cost | Realized gains (losses) | Fair Value | |||||||||
Available for sale – common shares | 250,000 | $ | 43,125 | $ | -43,125 | $ | - | |||||
31-Dec-12 | ||||||||||||
Number of shares | Cost | Accumulated unrealized gains (losses) | Fair Value | |||||||||
Available for sale – common shares | 250,000 | $ | 43,125 | $ | -29,375 | $ | 13,750 | |||||
Property_Equipment_And_Mine_De
Property, Equipment And Mine Development | 9 Months Ended | ||||||
Sep. 30, 2013 | |||||||
Property, Equipment And Mine Development [Abstract] | ' | ||||||
Property, Equipment And Mine Development | ' | ||||||
6. Property, equipment and mine development | |||||||
At September 30, 2013 and December 31, 2012, property, equipment and mine development consisted of the following: | |||||||
September 30, | December 31, | ||||||
2013 | 2012 | ||||||
Land | $ | 567,628 | $ | 548,125 | |||
Buildings and leasehold improvements | 737,823 | 519,699 | |||||
Computer equipment and software | 1,181,851 | 944,708 | |||||
Trucks and autos | 409,732 | 365,747 | |||||
Office equipment | 235,690 | 190,721 | |||||
Field equipment | 278,447 | 227,850 | |||||
Mine development | 10,686,975 | 6,057,111 | |||||
Subtotal | 14,098,146 | 8,853,961 | |||||
Accumulated depreciation | -1,271,860 | -848,002 | |||||
Totals | $ | 12,826,286 | $ | 8,005,959 | |||
Depreciation expense for the three and nine months ended September 30, 2013 was $140,960 and $382,215, respectively compared to depreciation expense for the three and nine months ended September 30, 2012 of $116,899 and $283,903, respectively. The Company evaluates the recoverability of long lived assets when events and circumstances indicate that such assets might be impaired. | |||||||
Beginning on January 1, 2012, the Company began to capitalize into mine development; permitting, engineering and costs associated with other development activities related to the Pan project as part of the Company’s plans to advance the Pan project to production. When a project is determined to contain proven or probable reserves, costs incurred in anticipation of production are capitalized into Mine development. Interest costs, if any, incurred during the development phase, would be capitalized until the assets are ready for their intended use. When a project commences commercial production and the project is determined to contain proven or probable reserves, amortization and depletion of capitalized costs will be computed on a unit-of–production basis over the expected reserves of the project based on estimated recoverable gold equivalent ounces. Depreciation of related capitalized equipment is computed on a straight-line basis over the estimated economic life. | |||||||
Mineral_Properties
Mineral Properties | 9 Months Ended | ||||||
Sep. 30, 2013 | |||||||
Mineral Properties [Abstract] | ' | ||||||
Mineral Properties | ' | ||||||
7. Mineral properties | |||||||
Details on the Company’s mineral properties are found in note 6 to the audited consolidated financial statements for the year ended December 31, 2012. | |||||||
September 30, | December 31, | ||||||
Mineral property | 2013 | 2012 | |||||
Pan | $ | 34,709,938 | $ | 34,490,915 | |||
Gold Rock | 1,826,188 | 972,245 | |||||
Spring Valley | 4,975,930 | 4,790,292 | |||||
Tonopah | 7,885,426 | 7,508,054 | |||||
Golden Eagle | 2,238,327 | 2,161,420 | |||||
Pinyon | 43,153 | - | |||||
$ | 51,678,962 | $ | 49,922,926 | ||||
(a) Pan property, Nevada | |||||||
The Company assumed a mineral lease agreement for a 100% interest in the Pan property which requires the Company to pay advance minimum royalties on an annual basis. The minimum advance royalties will be creditable against a sliding scale Net Smelter Returns (“NSR”) production royalty of between 2.5% and 4%. The Company must incur a minimum of U.S.$65,000 per year for work expenditures, including claim maintenance fees, during the term of the mining lease. On January 2, 2013, the Company paid advanced royalties of $283,194 (U.S.$287,448). | |||||||
(b) Gold Rock property, Nevada | |||||||
Through a series of four royalty agreements and one assignment, the Company acquired claims that currently comprise the Gold Rock property. The royalty agreements are subject to sliding scale royalties on NSR ranging between 2% and 6% based upon gold price and advanced minimum royalty payments recoverable from commercial production. Through the nine months ending September 30, 2013, the Company has paid advanced royalties of $314,218 (U.S.$318,725) in advanced minimum royalty payments. | |||||||
(c) Spring Valley property, Nevada | |||||||
The Company signed an exploration and option to joint venture agreement (the “Barrick Agreement”) with Barrick Gold Exploration Inc. (“Barrick”), a wholly owned subsidiary of Barrick Gold Corporation, effective March 9, 2009. As of September 30, 2013 Barrick has informed the Company that they have completed the expenditure requirement to earn a 60% interest in the Spring Valley property on April 19, 2013, and that they intend to incur an additional U.S.$8,000,000 in exploration expenditures to increase their interest in the property to 70%. | |||||||
At the Company’s election, Barrick may also earn an additional 5% (75% total) by carrying the Company to a production decision and arranging financing for the Company’s share of mine development expenses, with the carrying and financing costs plus interest to be recouped by Barrick once production has been established. | |||||||
(d) Tonopah property, Nye County, Nevada | |||||||
Through a series of agreements, amendments and payments the Company acquired a 100% interest in the Tonopah property. The acquisition is subject to a sliding scale royalty on NSR between 2% and 7% from any commercial production, based on changes in gold prices and an advance minimum royalty, recoverable from commercial production, of U.S.$300,000 per year payable on each August 15. In July of 2013, the Company paid $316,635 (U.S.$300,000) to cover the requirement of the 2013 advanced minimum royalty. | |||||||
(e) Golden Eagle property, Washington | |||||||
The Company purchased a 75% interest in the Golden Eagle, Washington project from Kinross Gold USA Inc. (“Kinross”) in August 2008, at a cost of $1,537,950 (U.S.$1,500,000) and purchased a 25% interest in the Golden Eagle project from Hecla Limited at a cost of $500,200 (U.S.$483,333). Kinross retained a 2% NSR royalty and was granted a first right of refusal to toll mill ore from the Golden Eagle property at their Kettle River Mill. | |||||||
(f) Pinyon property, Nevada | |||||||
The Company entered into an earn-in agreement with Aurion Resources (“Aurion”) in November 2012 for claims. The Company can earn up to a 70% interest in the Pinyon property. The Company can also earn an additional 5% (75% total) by arranging mine financing. As of September 30, 2013 the Company has a spent a total of $200,380. | |||||||
Reclamation_Deposit
Reclamation Deposit | 9 Months Ended |
Sep. 30, 2013 | |
Reclamation Deposit [Abstract] | ' |
Reclamation Deposit | ' |
8. Reclamation deposit | |
The Company is required to post bonds with the Bureau of Land Management (“BLM”) for reclamation of planned mineral exploration and development programs associated with the Company’s mineral properties located in the United States. For the Company’s mineral properties that are being actively explored under funding arrangement agreements, the funding partners are responsible for bonding for the surface disturbance created by the exploration programs funded by each of them on those projects. | |
At September 30, 2013 the Company has purchased surety bonds for reclamation bonds covering the Company’s projects in the amount of U.S.$846,491. The surety bonds are in place for a one year period through May of 2014, at which point the Company can elect to renew the surety bonds or deposit the full cash amount of the reclamation bonds with the Bureau of Land Management. | |
As of December 31, 2012 the Company had posted reclamation deposits of $853,110 (U.S.$857,525) directly with the BLM. During the nine months ended September 30, 2013 the full U.S.$857,525 ($871,203) of the reclamation deposits were released and refunded back to the Company in connection with the surety bonding. | |
Share_Capital
Share Capital | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Share Capital [Abstract] | ' | |||||||||||||||
Share Capital | ' | |||||||||||||||
9. Share capital | ||||||||||||||||
(a) The Company is authorized to issue an unlimited number of common shares and preferred shares. | ||||||||||||||||
(b) Share issuances | ||||||||||||||||
(i) During 1996, the Company issued 420,000 common shares at $0.25 per share by way of a non-brokered private placement for proceeds of $98,722 net of issue costs. In addition the Company issued 280,000 flow-through common shares at $0.25 per share by way of a non-brokered private placement for proceeds of $70,000. | ||||||||||||||||
(ii) During 1997, the Company completed an initial public offering of 2,000,000 common shares at $0.35 per share for proceeds of $590,570, net of issue costs. In connection with this offering, the Company’s agent received a selling commission of 10% or $0.035 per share and was issued 25,000 shares as a corporate finance fee. | ||||||||||||||||
(iii) During 1997, the Company issued 1,000,000 units at $2.50 per unit by way of a private placement for proceeds of $2,253,793 net of issue costs. Each unit consisted of one common share and one non-transferable share purchase to purchase one additional common share at $3.00 per share until February 14, 1998. The proceeds of the financing of $2,500,000 were allocated $2,178,761 as to the common shares and $321,239 as to the warrants. During 1998 100,000 of the warrants were exercised and 900,000 expired. In connection with this private placement, the Company’s agent received a selling commission of 7.5% of the proceeds of the units sold or $0.1875 per unit and a corporate finance fee of $15,000. | ||||||||||||||||
(iv) During 1997, the Company issued 750,000 common shares as performance shares for proceeds of $7,500 that were held in escrow in accordance with the rules of the regulatory authorities of British Columbia. The shares were released 25% in each of 1998, 1999, 2000 and 2001. | ||||||||||||||||
(v) During 1997, pursuant to an equity participation agreement to acquire an interest in Gemstone Mining Inc. (“Gemstone”), a Utah Corporation that by agreement the creditors of Gemstone were issued 1,000,000 units of the Company on conversion of a debt of $2,065,500 (U.S.$1,500,000). Each unit consisted of one common share and one non-transferable share purchase to purchase one additional common share at U.S.$2.00 per share that was immediately exercised for proceeds of $2,803,205 (U.S.$2,000,000). The first one-third tranche of a conditional finders’ fee was satisfied by the issue of 150,000 common shares in connection with the acquisition of Gemstone. | ||||||||||||||||
(vi) During 1998, the Company issued 100,000 common shares pursuant to the exercise of share purchase warrants for proceeds of $300,000. | ||||||||||||||||
(vii) During 1998, the Company issued 200,000 common shares in connection with the acquisition of Gemstone as well as the second tranche of finder’s fee in connection with that acquisition. The Company’s option to acquire Gemstone expired on January 31, 1998 and the remaining one-third tranche were not issued. | ||||||||||||||||
(viii) During 1999, the Company consolidated its issued share capital on a two old for one new basis and changed its name from Neary Resources Corporation to Red Emerald Resource Corp. | ||||||||||||||||
(ix) During 2002, the Company issued 3,500,000 units at $0.25 per unit for proceeds of $875,000 by way of a short form offering document under the policies of the TSX Venture Exchange. Each unit consists of one common share and one common share purchase warrant that entitled the holder to purchase one additional common share at $0.25 per share until October 19, 2002. The Company also issued 150,000 common shares as a finance fee in connection with this offering, and issued the agent 875,000 share purchase warrants exercisable at $0.25 per share until April 19, 2004. During 2002 the Company issued 1,134,500 special warrants at $1.25 per special warrant for proceeds of $1,418,125. Each Special Warrant automatically converted to a unit comprising one common share and one share purchase warrant that entitled the holder to purchase one additional common share at $1.55 per share until November 6, 2003. The proceeds of the financing of $1,418,125 were allocated on a relative fair value basis as $1,171,286 to common shares and $246,839 as to the warrants. During 2003 all of the warrants expired unexercised. In connection with the offering the Company paid the agent a 10% commission totaling $113,450, issued the agent 40,000 common shares as a finance fee in connection with this offering, and issued the agent 170,175 share purchase warrant exercisable at $1.55 per share until July 5, 2003. | ||||||||||||||||
(x) During 2002, the Company issued 4,028,000 common shares pursuant to the exercise of share purchase warrants for proceeds of $1,007,000. | ||||||||||||||||
(xi) During 2002, the Company issued 32,000 common shares pursuant to the exercise of stock options for proceeds of $12,800. | ||||||||||||||||
(xii) During 2002, the Company issued 31,250 common shares as additional consideration to a director who loaned the Company $780,000 bearing interest at 12% per annum. The loan and interest was repaid prior to December 31, 2002. | ||||||||||||||||
(xiii) During 2002, the Company acquired Rex Exploration Corp. (“Rex”) in exchange for 4,500,000 common shares of the Company. | ||||||||||||||||
(xiv) During 2003, the Company issued 700,000 units at $1.20 per unit for proceeds of $840,000 by way of a non-brokered private placement. Each unit consists of one common share and one share purchase warrant that entitled the holder to purchase one additional common share at $1.50 until May 25, 2004. The proceeds of the financing of $840,000 were allocated $638,838 as to common shares and $201,162 as to the warrants. During 2004 161,000 of the warrants were exercised and 539,000 expired. Share issue expenses were $19,932. | ||||||||||||||||
(xv) During 2003, the Company issued 294,500 common shares pursuant to the exercise of share purchase warrants for proceeds of $73,625. | ||||||||||||||||
(xvi) In January 2004, the Company issued 400,000 units at $2.00 per unit for proceeds of $800,000 by way of a private placement. Each unit consisted of one common share and one non-transferable share purchase warrant that entitled the holder to purchase one additional common share at $2.35 per share for a six month period. The proceeds of the financing of $800,000 were allocated on a relative fair value basis as $624,593 to common shares and $175,407 as to the warrants. All of the warrants expired unexercised in 2004. The Company issued 40,000 common shares as a finder’s fee for this private placement. | ||||||||||||||||
(xvii) In August 2004, the Company issued 1,020,000 units at $0.75 per unit for proceeds of $765,000 by way of a private placement. Each unit consisted of one common share and one non-transferable share purchase warrant that entitled the holder to purchase one additional common share at $0.80 per share until August 25, 2005. All of the warrants were subsequently exercised. The Company issued 55,650 common shares as a finder’s fee for this private placement. | ||||||||||||||||
(xviii) In December 2004, the Company issued 700,000 units at $0.85 per unit for proceeds of $595,000 by way of a private placement. Each unit consisted of one common share and one non-transferable share purchase warrant that entitled the holder to purchase one additional common share at $1.00 per share until December 20, 2005. All of the warrants were subsequently exercised. The Company issued 18,750 common shares as a finder’s fee for this private placement. | ||||||||||||||||
(xix) In February 2005, the Company issued 2,500,000 units at $0.85 per unit for proceeds of $2,125,000 by way of a private placement. Each unit consisted of one common share and one non-transferable share purchase warrant that entitled the holder to purchase one additional common share at $1.00 per share until February 16, 2006. The proceeds of the financing of $2,125,000 were allocated on a relative fair value basis as $1,598,457 to common shares and $526,543 as to warrants. There were 23,000 warrants exercised in fiscal year 2005 and the balance exercised in fiscal year 2006. The Company issued 75,800 common shares for $64,430 and paid $69,700 in cash as a finder’s fee and incurred $26,709 in additional issue costs for this private placement. | ||||||||||||||||
(xx) In July 2005, the Company issued 1,000,000 units at $1.15 per unit for proceeds of $1,150,000 by way of a private placement. Each unit consisted of one common share and one-half non-transferable share purchase warrant that entitled the holder to purchase one additional common share at $1.15 per share until July 27, 2006. The proceeds of the financing of $1,150,000 were allocated on a relative fair value basis as $995,193 to common shares and $154,807 as to warrants. All of the warrants were exercised in fiscal year 2006. The Company incurred $15,560 in issue costs. | ||||||||||||||||
(xxi) In August 2005, the Company issued 500,000 units at $1.40 per unit for proceeds of $700,000 by way of a private placement. Each unit consisted of one common share and one-half nontransferable share purchase warrant that entitled the holder to purchase one additional common share at $1.45 per share until August 22, 2006. The proceeds of the financing of $700,000 were allocated on a relative fair value basis as $608,015 to common shares and $91,985 as to warrants. All of the warrants were exercised in fiscal year 2006. The Company incurred $8,261 in issue costs. | ||||||||||||||||
(xxii) In January 2006, the Company issued 40,000 common shares at a value of $88,000 pursuant to a purchase and sale agreement to purchase mining claims for the Spring Valley project. | ||||||||||||||||
(xxiii) In May 2006, the Company issued 3,725,000 units at $1.80 per unit for proceeds of $6,705,000 by way of a private placement. Each unit consisted of one common share and one-half nontransferable share purchase warrant. Each whole warrant entitled the holder to purchase one additional common share at $2.70 per share until May 16, 2007. The proceeds of the financing of $6,705,000 were allocated on a relative fair value basis as $5,998,846 to common shares and $706,154 as to warrants. The Company incurred $65,216 in issue costs. By May 16, 2007 1,725,000 of the warrants were exercised and 137,500 expired unexercised. | ||||||||||||||||
(xxiv) In November 2006, the Company issued 2,000,000 units at $2.50 per unit for proceeds of $5,000,000 by way of a private placement. Each unit consisted of one common share and one-half nontransferable share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at $3.00 per share until November 10, 2007. The proceeds of the financing of $2,000,000 were allocated on a relative fair value basis as $1,761,509 to common shares and $238,491 as to warrants. The Company paid $88,750 in finders’ fees and incurred $94,546 in issue costs for this private placement. By November 10, 2007 908,782 of the warrants were exercised and 91,218 expired unexercised. | ||||||||||||||||
(xxv) On April 16, 2007, the Company issued 7,764,109 common shares at a value of $25,000,431 along with 308,000 stock options at a value of $608,020 and 870,323 share purchase warrants at a value of $1,420,054 in connection with the acquisition of Pan-Nevada Gold Corporation. By December 31, 2007, 154,000 of the stock options had been exercised and 761,823 share purchase warrants had been exercised. By December 31, 2008 the remaining 108,500 share purchase warrants were exercised and 84,000 stock options had been exercised. On October 11, 2008 the final 70,000 stock options expired not exercised. | ||||||||||||||||
(xxvi) On August 24, 2007, the Company issued 2,000,000 common shares at $2.70 per common share for proceeds of $5,400,000 by way of a private placement. The Company incurred $28,000 in share issue costs. | ||||||||||||||||
(xxvii) On March 31, 2008, the Company issued 30,000 common shares at a value of $88,500 pursuant to a lease assignment of mining claims for the Gold Rock project. The Company incurred $1,489 in share issue costs. | ||||||||||||||||
(xxviii) On June 12, 2008, the Company issued 1,421,500 common shares at $2.00 per common share for proceeds of $2,843,000 by way of a private placement. The Company incurred $75,371 in share issue costs. | ||||||||||||||||
(xxix) On August 1, 2008 the Company issued 600,000 common shares at U.S.$2.50 per common share for proceeds of $1,537,950 (U.S.$1,500,000) by way of a private placement with Kinross. The Company incurred $39,450 in share issue costs. | ||||||||||||||||
(xxx) On November 12, 2008 the Company issued 12,500,000 units at $0.22 per unit for proceeds of $2,750,000 by way of a private placement. Each unit consisted of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one additional common share at $0.28 per share until May 12, 2009. The proceeds of the financing of $2,750,000 were allocated on a relative fair value basis as $1,793,491 to common shares and $956,509 as to warrants. The Company incurred $23,395 in issue costs for this private placement. In the year ended December 31, 2009 all of the 12,500,000 warrants were exercised for proceeds of $3,500,000. | ||||||||||||||||
(xxxi) In addition to the 84,000 stock options reported exercised in paragraph (xxv), during 2008, the Company issued a further 395,000 common shares pursuant to the exercise of stock options for proceeds of $613,250. | ||||||||||||||||
(xxxii) During 2009, the Company issued 33,333 common shares pursuant to the exercise of stock options for proceeds of $21,651. | ||||||||||||||||
(xxxiii) On April 9, 2010, the Company issued 1,333,000 units at $0.60 per unit for proceeds of $800,000 by way of a private placement. Each unit consisted of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one additional common share until October 9, 2011 at an exercise price as follows: $0.70 if exercised on or before October 9, 2010; $0.80 if exercised after October 9, 2010 but on or before April 9, 2011; and $0.90 if exercised after April 9, 2011 but on or before October 9, 2011. The proceeds of the financing of $800,000 were allocated on a relative fair value basis as $514,365 to common shares and $285,635 as to warrants. The Company incurred $95,529 in issue costs for this private placement. | ||||||||||||||||
(xxxiv) On June 16, 2010, the Company issued 11,078,666 units at $0.60 per unit for proceeds of $6,647,199 by way of a brokered offering in Canada and a non-brokered offering in the United States. Each unit consisted of one common share and one-half share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share until June 16, 2012 at an exercise price of $0.80. The proceeds of the financing of $6,647,199 were allocated on a relative fair value basis as $5,142,202 to common shares and $1,504,997 as to warrants. The Company issued 658,840 agent’s warrants which entitle the holder to purchase one common share until June 16, 2010 at an exercise price of $0.80. These warrants have been recorded at the estimated fair value at the issue date of $212,109. The fair value of warrants was determined using a risk free interest rate of 1.82%, an expected volatility of 131%, an expected life of 2 years, and zero dividends for a fair value per warrant of $0.32. In addition, the Company paid finders’ fees in the amount of $395,304 and incurred other cash share issue costs of $307,553. | ||||||||||||||||
(xxxv) In September 2010, the Company issued 12,500 common shares pursuant to the exercise of share purchase warrants for proceeds of $10,000. | ||||||||||||||||
(xxxvi) In November 2010, the Company closed a public offering and the Company issued 6,660,000 units at U.S.$0.60 per unit, each unit comprising one common share and one half of one non-transferable common share purchase warrant. Each whole warrant entitles the holder to purchase one common share of the Company at a price of U.S.$0.90 per share until November 12, 2012, subject to acceleration provisions. The proceeds of the financing of $4,070,725 were allocated first to the fair value of the warrants at $918,870 with the residual amount of $3,151,855 to common shares. | ||||||||||||||||
The Company incurred $176,288 in issue costs and paid $244,244 to the agent as commission for this public offering. On February 9, 2011, the Company gave notice to the Warrant holders that it accelerated the expiry date of the warrants to March 14, 2011 and by that date 2,650,000 warrants were exercised and 680,000 warrants expired unexercised. | ||||||||||||||||
(xxxvii) On June 6, 2011, the Company issued 7,500,000 common shares upon the close of a “bought deal” public offering for U.S.$1.60 per share. Gross proceeds on the purchase were $11,742,000 (U.S.$12,000,000). The Company incurred $151,839 in issue costs and paid the agent $587,100 (U.S.$600,000) as a commission for this public offering. | ||||||||||||||||
(xxxviii) On September 23, 2011, the Company announced that it had established an "At-the-Market" ("ATM") issuance program under which it may sell up to a maximum of 6,000,000 of its common shares. The ATM issuance program is available to the Company on an as needed basis. Subject to market conditions and funding requirements, the Company may, at its discretion, from time to time sell all, some, or none of the reserved shares during the term of the ATM program. Any common shares issued under the ATM program will be sold through ATM issuances in the United States. No ATM issuances will be made through the facilities of any Canadian securities exchange. Any ATM issuances will be made at market prices prevailing at the time of the sale and, as a result, prices may vary. During the three months ended September 30, 2013, the Company did not issue any shares pursuant to the ATM program. As of September 30, 2013, the Company has issued a total of 637,736 shares and received net proceeds of $1,554,957 pursuant to the ATM program. The ATM issuance program was terminated at the Company’s discretion on July 29, 2013. | ||||||||||||||||
(xxxix) In July 2012, the Company closed a public offering and issued 12,261,562 units at U.S.$1.28 per unit, each unit comprising one common share and one half of one non-transferable common share purchase warrant. Each whole warrant entitles the holder to purchase one common share of the Company at a price of U.S.$1.85 per share for a period of 18 months following the closing of the public offering, subject to acceleration provisions. The gross proceeds of the financing of U.S.$15,694,799 were allocated first to the fair value of the warrants at U.S.$2,616,006 with the residual amount of U.S.$13,725,687 to common shares. The Company incurred $1,437,675 in issue costs and paid $244,244 to the agent as commission for this public offering which was recorded during Q3 of 2012. | ||||||||||||||||
(xxxx) On July 2, 2013, the Company issued 1,166,930 shares in the amount of $1,253,352 for the payment of the quarterly dividends on the Series A Preferred Shares, net of withholding taxes (note 10). | ||||||||||||||||
(c) Stock options | ||||||||||||||||
The Company adopted the 2013 Stock and Incentive Plan (the “2013 Plan”) after approval of the 2013 Plan by the Company’s Shareholders at the Annual General and Special Meeting on June 20, 2013. The 2013 Plan is designed to replace the 2008 Stock Option Plan (the “Plan”); however, all outstanding option grants as of June 20, 2013 will remain under the 2008 Stock Option Plan. Upon adoption of the 2013 Plan on June 20, 2013, the 2008 Stock Option Plan ceased to be available for the granting of new stock options. | ||||||||||||||||
The 2013 Plan permits a fixed aggregate number of common shares to be issuable under all awards under the 2013 Plan of 16,628,914 (“Award Cap”), which was equivalent to 10% of the Company’s common shares plus Series A Preferred Shares as of April 18, 2013. The total number of common shares issuable to insiders at any time and issued to insiders of the Company within any one-year period pursuant to stock options granted under the 2013 Plan, together with any other security based compensation arrangements of the Company, may not exceed 10% of the issued and outstanding common shares and preferred shares. The number of common shares issuable for Awards made under the 2008 Stock Option Plan is deducted from the Award Cap. The Award Cap represents the maximum number of shares issuable under both plans. | ||||||||||||||||
The exercise price of a stock option granted under the 2013 Plan will be determined by the Compensation Committee at the time the option is granted, but the exercise price may not be less than 100% of the fair market value of the Company’s common shares on the date of grant of such option. The fair market value is the closing price of one common share on the trading day immediately preceding the date of grant on the NYSE MKT. Stock options granted under the 2013 Plan are subject to the following restrictions: (i) a promissory note is not permitted as payment for a stock option; (ii) the maximum term for stock options is 10 years from the date of grant; and (iii) unless otherwise fixed, stock options expire three months after the person to which they have been granted is terminated (12 months if due to death) or when options expire during a trading restriction, expiry is extended to the third trading day after a period during which trading in the common shares was prohibited or restricted pursuant to the policies of the Company. | ||||||||||||||||
The fair value of each option award is estimated on the date of grant using the Black-Scholes option pricing model. The option pricing model requires the input of subjective assumptions which are based on several different criteria. Expected volatility is based on the historical price volatility of the Company’s common stock. Expected dividend yield is assumed to be nil, as the Company has not paid dividends since inception on common shares. Expected forfeitures are calculated based upon historical experience of options. The expected life is estimated in accordance with SEC Staff Accounting Bulletin No. 107, “Share-Based Payment” for “plain vanilla” options. Risk free interest rates are based on U.S. government obligations with a term approximating the expected life of the option. | ||||||||||||||||
The stock-based compensation for options vesting during the three and nine months ended September 30, 2013 and 2012, is included in the consolidated statement of operations as follows: | ||||||||||||||||
Three Months ended September 30, 2013 | Three Months ended September 30, 2012 | Nine Months ended September 30, 2013 | Nine Months ended September 30, 2012 | |||||||||||||
Salaries and benefits | $ | 184,360 | $ | 331,677 | $ | 787,979 | $ | 1,234,526 | ||||||||
Mineral exploration expenditures | 40,420 | 83,408 | 142,381 | 188,023 | ||||||||||||
Consulting | 17,484 | 72,488 | 63,593 | 54,952 | ||||||||||||
Total | $ | 242,264 | $ | 487,573 | $ | 993,953 | $ | 1,477,501 | ||||||||
2008 Stock Option Plan – TSX Stock Exchange | ||||||||||||||||
The estimated unrecognized compensation cost from unvested options as of September 30, 2013 was approximately $529,210, which is expected to be recognized over the remaining vesting period of 1.42 years, and has a weighted average remaining contractual term of 2.46 years. | ||||||||||||||||
The weighted-average grant date fair value of options is summarized below for the nine months ended September 30, 2013 and 2012. | ||||||||||||||||
30-Sep-13 | 30-Sep-12 | |||||||||||||||
Unvested Beginning of Year | $ | 2.12 | $ | 1.80 | ||||||||||||
Granted | 0.55 | 1.33 | ||||||||||||||
Vested | 0.63 | 0.85 | ||||||||||||||
Expired | -1.01 | -1.42 | ||||||||||||||
Unvested End of Period | $ | 0.82 | $ | 1.49 | ||||||||||||
The following table summarizes activity for compensatory stock options during the nine months ended September 30, 2013: | ||||||||||||||||
Number of Shares | Weighted Average Exercise Price | Aggregate Intrinsic Value | Number of Shares Exercisable | |||||||||||||
Outstanding, January 1, 2013 | 7,817,501 | $ | 1.35 | $ | 2,570,692 | 7,082,504 | ||||||||||
Granted | 2,745,000 | 1.14 | - | - | ||||||||||||
Exercised | - | - | - | - | ||||||||||||
Cancelled | -804,167 | 1.58 | - | - | ||||||||||||
Outstanding, September 30, 2013 | 9,758,334 | $ | 1.27 | $ | 1,123,733 | 7,662,492 | ||||||||||
The following table summarizes information about outstanding compensatory stock options as of September 30, 2013: | ||||||||||||||||
Options Outstanding | Options Exercisable | |||||||||||||||
Exercise Prices | Number of Shares | Remaining Contractual Life (years) | Weighted Average Exercise Price | Number Exercisable | Weighted Average Exercise Price | Aggregate Intrinsic Value | ||||||||||
$0.56 - $1.00 | 4,134,167 | 1.4 | $ | 0.73 | 4,134,167 | $ | 0.73 | $ | 1,123,733 | |||||||
$1.01 - $1.60 | 2,551,667 | 4.3 | 1.18 | 961,656 | 1.22 | - | ||||||||||
$1.61 - $2.20 | 3,022,500 | 2.8 | 2.07 | 2,516,669 | 2.07 | - | ||||||||||
$2.21 - $2.80 | 50,000 | 2.9 | 2.34 | 50,000 | 2.34 | - | ||||||||||
9,758,334 | 2.6 | $ | 1.27 | 7,662,492 | $ | 1.24 | $ | 1,123,733 | ||||||||
2013 Stock Option Plan – NYSE MKT Stock Exchange | ||||||||||||||||
The estimated unrecognized compensation cost from unvested options as of September 30, 2013 was approximately U.S.$59,535, which is expected to be recognized over the remaining vesting period of 2.85 years, and has a weighted average remaining contractual term of 4.85 years. | ||||||||||||||||
The weighted-average $U.S. grant date fair value of options is summarized below for the nine months ended September 30, 2013 and 2012. | ||||||||||||||||
30-Sep-13 | 30-Sep-12 | |||||||||||||||
Unvested Beginning of Year | $ | - | $ | - | ||||||||||||
Granted | 0.44 | - | ||||||||||||||
Vested | - | - | ||||||||||||||
Expired | - | - | ||||||||||||||
Unvested End of Period | $ | 0.44 | $ | - | ||||||||||||
The following table summarizes activity for compensatory stock options during the nine months ended September 30, 2013: | ||||||||||||||||
Number of Shares | Weighted Average Exercise Price (U.S.) | Aggregate Intrinsic Value (U.S.) | Number of Shares Exercisable | |||||||||||||
Outstanding, January 1, 2013 | - | $ | - | $ | - | - | ||||||||||
Granted | 150,000 | 0.96 | - | - | ||||||||||||
Exercised | - | - | - | - | ||||||||||||
Cancelled | - | - | - | - | ||||||||||||
Outstanding, September 30, 2013 | 150,000 | $ | 0.96 | $ | - | - | ||||||||||
The following table summarizes information about outstanding compensatory stock options as of September 30, 2013: | ||||||||||||||||
Options Outstanding | Options Exercisable | |||||||||||||||
Exercise Prices | Number of Shares | Remaining Contractual Life (years) | Weighted Average Exercise Price (U.S.) | Number Exercisable | Weighted Average Exercise Price (U.S.) | Aggregate Intrinsic Value (U.S.) | ||||||||||
$0.56 - $1.00 | 150,000 | 4.9 | $ | 0.96 | - | $ | - | $ | - | |||||||
150,000 | 4.9 | $ | 0.96 | - | $ | - | $ | - | ||||||||
d) Share purchase warrants: | ||||||||||||||||
Total outstanding warrants at September 30, 2013 were 6,130,781. The exercise price on all warrants outstanding was U.S.$1.85 per share and each warrant entitles the holder to purchase one additional common share until January 6, 2014, subject to acceleration provisions. U.S. GAAP requires the value of share purchase warrants issued with an exercise price denominated in a currency other than the Company’s Canadian dollar functional currency to be considered as a liability and this liability is stated at fair value each reporting period. The Company adjusted the fair value of the warrant liability as of December 31, 2012 to $1,166,381, calculated using the Black-Scholes option pricing model. As of September 30, 2013, the fair value of the warrant liability was adjusted to $19,638, calculated using the following assumptions: common share price of $0.96; expected life of 3.22 months; volatility of 62%; no dividend yield; a risk free interest rate of 0.13% and an exchange rate of 1.0303. The gain of $93,209 and $1,146,743 related to the change in the fair value of the warrants has been reported in “Gain on change in fair value of derivative liabilities” within Other Income in the Consolidated Statement of Operations for the three and nine months ended September 30, 2013, respectively. | ||||||||||||||||
During the three and nine months ended September 30, 2013, the Company did not issue any warrants. | ||||||||||||||||
A summary of the Company’s stock purchase warrants as of September 30, 2013 is presented below: | ||||||||||||||||
Number of Warrants | Weighted Average Exercise Price (U.S. $) | Remaining Contractual Life (years) | ||||||||||||||
Balance, December 31, 2012 | 6,130,781 | $ | 1.85 | 1.02 | ||||||||||||
Issued | - | - | - | |||||||||||||
Exercised | - | - | - | |||||||||||||
Expired | - | - | - | |||||||||||||
Balance, September 30, 2013 | 6,130,781 | $ | 1.85 | 0.27 | ||||||||||||
Redeemable_Preferred_Stock
Redeemable Preferred Stock | 9 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Redeemable Preferred Stock [Abstract] | ' | ||||||||||||||
Redeemable Preferred Stock | ' | ||||||||||||||
10. Redeemable preferred shares | |||||||||||||||
In December 2012, the Company issued 37,837,838 Series A Preferred Shares at U.S.$1.85 per share for gross proceeds of $68,936,000 (U.S.$70,000,000) by way of a private placement. The Company incurred a total of $641,333 in share issuance costs, of which the Company proportionately allocated $229,753 to the embedded derivative liability and, the remaining share issuance costs of $411,580 are presented net of the redeemable preferred shares on the Consolidated Balance Sheet. There is an eight percent (8%) annual dividend, compounding monthly, payable quarterly on the Series A Preferred Shares. At the Company’s option, it may pay the 8% dividend with common shares, net of withholding taxes, in-lieu of cash, based on the closing price of the Company’s common shares as quoted by the NYSE MKT on the trading day immediately prior to the payment date. | |||||||||||||||
2013 Dividend | Date Declared | Record Date | Dividend Per Share | Total Dividend (CAD) | Payment Date | Payment Type | |||||||||
Preferred Series A Holders | 11-Mar-13 | 25-Mar-13 | $ | 0.04 | $ | 1,699,140 | 1-Apr-13 | Cash | |||||||
Preferred Series A Holders | 20-Jun-13 | 24-Jun-13 | 0.04 | 1,479,868 | 2-Jul-13 | Shares | |||||||||
1,166,930 shares | |||||||||||||||
Preferred Series A Holders | 17-Sep-13 | 23-Sep-13 | 0.04 | 1,467,197 | 1-Oct-13 | Shares | |||||||||
1,260,144 shares | |||||||||||||||
$ | 0.12 | $ | 4,646,205 | ||||||||||||
Canadian tax legislation requires a corporate tax to be paid on all cash or in-kind dividends declared and paid by a Canadian entity on taxable preferred shares. Therefore, the dividends declared during the nine months ended September 30, 2013, resulted in a Canadian corporate “Part VI.1” current tax payable of $1,061,992. The Company is entitled to a deduction for tax purposes equal to 3.5 times Part VI.1 taxes paid. Therefore, future Canadian corporate tax savings, if realized, should approximately offset the preferred dividend tax expense. | |||||||||||||||
The holders of each Series A Preferred Share are able to convert the shares into common shares on a one-for-one basis at any time. After December 13, 2013, the Company can pro-ratably force conversion of the shares into common shares on a one-for-one basis provided that the weighted average price of the common shares exceeds U.S.$3.70 on each trading day during 20 consecutive trading days immediately prior to both the delivery of an applicable mandatory conversion notice and the applicable mandatory conversion date. From and after the date which is five years from the issuance date of the Series A Preferred Shares (December 13, 2017), the Company or each holder of Series A Preferred Shares has the right, exercisable by 30 days' notice in writing, to redeem or to require the Company to redeem in cash any portion of the Series A Preferred Shares at U.S.$1.85 per share plus accumulated unpaid dividends. If the outstanding Series A Preferred Shares had been converted as of September 30, 2013, 37,837,838 common shares would have been issued and the fair value of those common shares based upon the closing price on the NYSE MKT as of September 30, 2013 of U.S.$0.96 would have been U.S.$36,324,324. If the common share price was above U.S.$1.85, there would be no change to the number of common shares issued upon conversion. | |||||||||||||||
Holders of the Series A Preferred Shares have consent rights over a variety of significant corporate and financing matters, including, but not limited to, the voluntary or involuntary liquidation, dissolution or winding-up of the affairs of the Company, the issuance of any common shares or common share equivalents for less than $1.85 per share or any amendment to the Company’s articles in a manner adverse to the holders of Series A Preferred Shares. | |||||||||||||||
Of the 37,837,838 Series A Preferred Shares sold, EREF-MID II, LLC and HCP-MID, LLC purchased a combined 17,837,838 Series A Preferred Shares. Hale Fund Management, LLC, (“HFM”) is the manager of EREF-MID II, LLC. Hale Capital Partners, LP, (“HCP”) is the sole member of HCP-MID, LLC. Hale Fund Partners, LLC, (“HFP”) is the general partner of HCP. Hale Capital Management, LP, (“HCM”) is the manager of HCP. Hale Fund Management, LLC, (“HFM”), is the general partner of HCM and exercises voting and investment power over the Series A Preferred Shares held by HCP-MID, LLC. Mr. Martin Hale, a member of the Company’s board of directors, is the (i) CEO of HCP, (ii) the sole owner and managing member of HFP and (iii) the sole owner and CEO of HFM. | |||||||||||||||
U.S. GAAP requires that embedded derivatives not closely related to the host contract be bifurcated from the host contract and accounted for at fair value. Because the convertible instrument is denominated in U.S. dollars and the functional currency of the Company is Canadian dollars, the Company recorded an embedded derivative liability to account for the conversion features of the Series A Preferred Shares. Pursuant to derivative accounting guidance under ASC 815, the embedded derivative liability is to be re-measured at each reporting period with changes in the liability being recorded through earnings. The fair value of the embedded derivative liability as of September 30, 2013 was $12,902,696, calculated using a volatility of 48.8%, a credit spread of 20.1%, common stock closing price of U.S.$0.955, risk-free rate of 1.24% and USD to CAD exchange rate of 1.0303. The income of $895,234 and $14,427,439 for the gain on change in fair value of derivative liabilities has been reported in Other Income in the Consolidated Statement of Operations, for the three and nine months ended September 30, 2013, respectively. | |||||||||||||||
The balance of the Company’s redeemable preferred shares and changes in the carrying amount of the redeemable preferred shares are as follows: | |||||||||||||||
Redeemable Preferred Shares | |||||||||||||||
Balance as of December 13, 2012 | $ | 43,828,888 | |||||||||||||
Accretion of Redeemable preferred shares | 153,662 | ||||||||||||||
Preferred share cumulative dividend | 278,572 | ||||||||||||||
Balance as of December 31, 2012 | $ | 44,261,122 | |||||||||||||
Accretion of Redeemable preferred shares | 2,697,943 | ||||||||||||||
Preferred share cumulative dividend | 4,367,633 | ||||||||||||||
Declared Preferred share cumulative dividend | -4,646,205 | ||||||||||||||
Share issuance costs | -314 | ||||||||||||||
Balance as of September 30, 2013 | $ | 46,680,179 | |||||||||||||
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive (Income) Loss | 9 Months Ended | |||||||||
Sep. 30, 2013 | ||||||||||
Accumulated Other Comprehensive (Income) Loss [Abstract] | ' | |||||||||
Accumulated Other Comprehensive (Income) Loss | ' | |||||||||
11. Accumulated other comprehensive (income) loss | ||||||||||
The components of AOCI as of September 30, 2013 were as follows: | ||||||||||
Unrealized (gain) loss on investment | Currency Translation Adjustment | Total AOCI | ||||||||
Balance as of December 31, 2012 | $ | 29,375 | $ | 406,969 | $ | 436,344 | ||||
Other comprehensive (income) loss before reclassifications | 13,750 | -677,747 | -663,997 | |||||||
Amounts reclassified from accumulated other comprehensive income | -43,125 | - | -43,125 | |||||||
Net current-period other comprehensive income | -29,375 | -677,747 | -707,122 | |||||||
Balance as of September 30, 2013 | $ | - | $ | -270,778 | $ | -270,778 | ||||
Commitments
Commitments | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Commitments [Abstract] | ' | |||||||||||||||
Commitments | ' | |||||||||||||||
12. Commitments | ||||||||||||||||
The Company has obligations under operating leases until 2020 for its corporate offices in Englewood, Colorado, until 2014 for offices in Ely, Nevada and until 2015 for office equipment. Future minimum lease payments for non-cancellable leases with initial lease terms in excess of one year are included in the table below. | ||||||||||||||||
The Company has signed an agreement relating to the development of the Pan project which as of September 30, 2013 would require a U.S.$100,000 fee to be payable upon termination. In addition, the Company has cancellable contract obligations related to consulting service agreements until 2016. | ||||||||||||||||
Payments due by period | ||||||||||||||||
Current Year | One – Three Years | Four – Five Years | Thereafter | Total | ||||||||||||
Operating Lease obligations | $ | 88,468 | $ | 602,979 | $ | 568,083 | $ | 698,269 | $ | 1,957,799 | ||||||
Contract obligations | 129,904 | 47,016 | 3,503 | 1,236 | 181,659 | |||||||||||
Total | $ | 218,372 | $ | 649,995 | $ | 571,586 | $ | 699,505 | $ | 2,139,458 | ||||||
Related_Party_Transactions
Related Party Transactions | 9 Months Ended |
Sep. 30, 2013 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions | ' |
13. Related party transactions | |
On May 19, 2012, the Company entered into a consulting agreement with its former Chief Executive Officer for a term of twelve months. Under the agreement the former Chief Executive Officer provided advisory services from time to time to the Company. For the three and nine months ended September 30, 2013, the Company paid consulting fees of nil and $65,776, respectively to the Company’s former Chief Executive Officer (“CEO”) under this agreement. For the three and nine month periods ended September 30, 2012, the Company paid $44,244 and $65,177, respectively, to the former Chief Executive Officer under the agreement. | |
Mr. Fritz K. Schaudies was appointed as interim Chief Financial Officer effective August 20, 2013 and is being paid under a consulting agreement. For the three and nine month periods ended September 30, 2013, the Company paid $28,556 to Mr. Schaudies under the agreement. Mr. Schaudies previously served as Chief Financial Officer of the Company from March 18, 2011 to May 8, 2013. | |
Included in accounts payable and accrued liabilities, amounts payable to directors and officers at September 30, 2013 and December 31, 2012, were $45,606 and $15,032, respectively. | |
These transactions are in the normal course of operations and are measured at the exchange amount, which is the amount of consideration established and agreed to by the related parties. | |
For information on the related parties involved in the Series A Preferred transaction see note 10. | |
Financial_Instruments
Financial Instruments | 9 Months Ended |
Sep. 30, 2013 | |
Financial Instruments [Abstract] | ' |
Financial Instruments | ' |
14. Financial instruments | |
In all material respects, the carrying amounts for the Company’s cash and cash equivalents, amounts receivable, other assets, other liabilities, accounts payable and accrued liabilities approximate their fair values due to the short term nature of these instruments. Investments and derivative liabilities at September 30, 2013 and December 31, 2012 are recorded at fair values (note 4). | |
Supplemental_Disclosures_Of_Ca
Supplemental Disclosures Of Cash Flow Information | 9 Months Ended | ||||||
Sep. 30, 2013 | |||||||
Supplemental Disclosures Of Cash Flow Information [Abstract] | ' | ||||||
Supplemental Disclosures Of Cash Flow Information | ' | ||||||
15. Supplemental disclosures of cash flow information | |||||||
Supplemental cash flow information for the nine months ended September 30, 2013 and 2012 is as follows: | |||||||
30-Sep-13 | 30-Sep-12 | ||||||
Accrual of preferred share cumulative dividend | $ | 4,367,633 | $ | - | |||
Accretion of redeemable preferred shares | 2,697,943 | - | |||||
Common share issuance for payment of preferred dividend | 1,253,352 | - | |||||
Segment_Disclosures
Segment Disclosures | 9 Months Ended |
Sep. 30, 2013 | |
Segment Disclosures [Abstract] | ' |
Segment Disclosures | ' |
16. Segment disclosures | |
The Company considers itself to operate in a single segment, being mineral exploration and development, with all of the Company’s long-lived assets being located in the United States at September 30, 2013 and December 31, 2012. | |
Significant_Accounting_Policie1
Significant Accounting Policies And Change In Accounting Policy (Policy) | 9 Months Ended |
Sep. 30, 2013 | |
Significant Accounting Policies And Change In Accounting Policy [Abstract] | ' |
Recently Issued Accounting Pronoucements | ' |
Recently issued accounting pronouncements | |
In July 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. The guidance requires an entity to present an unrecognized tax benefit, or a portion of an unrecognized tax benefit, in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss or tax credit carryforward, unless such tax loss or credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes resulting from the disallowance of a tax position. In the event that the tax position is disallowed or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit shall be presented in the financial statements as a liability and shall not be combined with deferred tax assets. | |
The guidance is effective for annual reporting periods beginning after December 15, 2013, and interim periods within those annual periods, and is to be applied prospectively. The adoption of this standard will not have a significant impact on the Company’s consolidated financial statements. | |
In March 2013, the FASB issued Accounting Standards Update ("ASU") 2013-05, “Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity”, an amendment to FASB Accounting Standards Codification ("ASC") Topic 830, “Foreign Currency Matters” ("FASB ASC Topic 830"). The update clarifies that complete or substantially complete liquidation of a foreign entity is required to release the cumulative translation adjustment ("CTA") for transactions occurring within a foreign entity. However, transactions impacting investments in a foreign entity may result in a full or partial release of CTA even though complete or substantially complete liquidation of the foreign entity has not occurred. Furthermore, for transactions involving step acquisitions, the CTA associated with the previous equity-method investment will be fully released when control is obtained and consolidation occurs. This ASU is effective for fiscal years beginning after December 15, 2013. The adoption of this standard will not have a significant impact on the Company’s consolidated financial statements. | |
In February 2013, the FASB issued ASU 2013-04, “Obligations Resulting From Joint and Several Liability Arrangements for Which the Total Amount of the Obligation is Fixed at the Reporting Date, an amendment to FASB ASC Topic 405, Liabilities” ("FASB ASC Topic 405"). The update requires an entity to measure obligations resulting from joint and several liability arrangements for which the total amount of the obligation is fixed as of the reporting date as the sum of the obligation the entity agreed to pay among its co-obligors and any additional amount the entity expects to pay on behalf of its co-obligors. This ASU is effective for annual and interim periods beginning after December 15, 2013 and is required to be applied retrospectively to all prior periods presented for those obligations that existed upon adoption of the ASU. The adoption of this standard will not have a significant impact on the Company’s consolidated financial statements. | |
Recently Adopted Accounting Policies | ' |
Recently adopted accounting policies | |
In February 2013, the FASB issued ASU 2013-02, “Other Comprehensive Income (Topic 220)”. The objective of this update is to improve the reporting of reclassifications out of accumulated other comprehensive income. The amendments in this update seek to attain that objective by requiring an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under U.S. GAAP to be reclassified in its entirety to net income in the same reporting period. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under U.S. GAAP that provide additional detail about those amounts. This accounting standard update is effective prospectively for annual and interim periods beginning after December 15, 2012. The Company adopted ASU 2013-02 on January 1, 2013 and its adoption did not have a significant impact on the Company’s consolidated financial statements. | |
In October 2012, the FASB issued ASU 2012-04, “Technical Corrections and Improvements”. The amendments in this update cover a wide range of Topics in the Accounting Standards Codification. These amendments include technical corrections and improvements to the Accounting Standards Codification and conforming amendments related to fair value measurements. The amendments in this update were effective for fiscal periods beginning after December 15, 2012. The Company adopted ASU 2012-04 on January 1, 2013 and its adoption did not have a significant impact on the Company’s consolidated financial statements. | |
In December 2011, the FASB issued ASU 2011-11 “Balance Sheet: Disclosures about Offsetting Assets and Liabilities” (“ASU 2011-11”). This update requires an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. The objective of this disclosure is to facilitate comparison between those entities that prepare their financial statements on the basis of U.S. GAAP and those entities that prepare their financial statements on the basis of IFRS. The amended guidance is effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. The Company adopted ASU 2011-11 on January 1, 2013 and its adoption did not have a significant impact on the Company’s consolidated financial statements. | |
Net_Income_Loss_Per_Share_Tabl
Net (Income) Loss Per Share (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Net (Income) Loss Per Share [Abstract] | ' | ||||||||||||
Schedule Of Earnings Per Share Basic And Diluted Calculations | ' | ||||||||||||
Three months ended | Nine months ended | ||||||||||||
September 30, | September 30, | ||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||
Basic (income) loss per share: | |||||||||||||
Numerator: | |||||||||||||
Net (income) loss attributable to common shareholders | $ | 6,411,707 | $ | 3,515,919 | $ | 374,739 | $ | 10,815,558 | |||||
Denominator: | |||||||||||||
Weighted-average common shares for basic (income) loss per share | 129,605,544 | 127,188,712 | 128,840,275 | 118,571,642 | |||||||||
Basic (income) loss per share | $ | 0.05 | $ | 0.03 | $ | - | $ | 0.09 | |||||
Diluted (income) loss per share: | |||||||||||||
Numerator: | |||||||||||||
Net (income) loss attributable to common shareholders | $ | 6,411,707 | $ | 3,515,919 | $ | 374,739 | $ | 10,815,558 | |||||
Effect of Gain on change in fair value of derivative preferred liability | - | - | 14,427,439 | - | |||||||||
Effect of Accretion of redeemable preferred shares | - | - | -2,697,943 | - | |||||||||
Effect of Preferred shares dividend | - | - | -4,367,633 | - | |||||||||
Effect of Canadian corporate dividend tax | - | - | -1,061,992 | - | |||||||||
Diluted (income) loss | $ | 6,411,707 | $ | 3,515,919 | $ | 6,674,610 | $ | 10,815,558 | |||||
Denominator: | |||||||||||||
Weighted-average common shares for basic (income) loss per share | 129,605,544 | 127,188,712 | 128,840,275 | 118,571,642 | |||||||||
Effect of dilutive securities: | |||||||||||||
Preferred Series A shares | - | - | 37,837,838 | - | |||||||||
Stock Options | - | - | - | - | |||||||||
Dilutive potential common shares | - | - | 37,837,838 | - | |||||||||
Total shares | 129,605,544 | 127,188,712 | 166,678,113 | 118,571,642 | |||||||||
Diluted (income) loss per share | $ | 0.05 | $ | 0.03 | $ | 0.04 | $ | 0.09 | |||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Fair Value Measurements [Abstract] | ' | ||||||||||||
Financial Instruments Measured At Fair Value | ' | ||||||||||||
Financial Instrument | Quoted Prices in Active Markets for Identical Assets | Significant other observable inputs | Significant unobservable inputs | Total at September 30, 2013 | |||||||||
Liabilities | |||||||||||||
Warrant liability | $ | - | $ | -19,638 | $ | - | $ | -19,638 | |||||
Preferred share liability | - | -12,902,696 | - | -12,902,696 | |||||||||
Financial instruments measured at fair value as at December 31, 2012 were as follows: | |||||||||||||
Financial Instrument | Quoted Prices in Active Markets for Identical Assets | Significant other observable inputs | Significant unobservable inputs | Total at December 31, 2012 | |||||||||
Assets | |||||||||||||
Available-for-sale securities | $ | 13,750 | $ | - | $ | - | $ | 13,750 | |||||
Liabilities | |||||||||||||
Warrant liability | $ | - | $ | -1,166,381 | $ | - | $ | -1,166,381 | |||||
Preferred share liability | - | -27,330,135 | - | -27,330,135 | |||||||||
Investments_Tables
Investments (Tables) | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Investments [Abstract] | ' | |||||||||||
Investments | ' | |||||||||||
30-Sep-13 | ||||||||||||
Number of shares | Cost | Realized gains (losses) | Fair Value | |||||||||
Available for sale – common shares | 250,000 | $ | 43,125 | $ | -43,125 | $ | - | |||||
31-Dec-12 | ||||||||||||
Number of shares | Cost | Accumulated unrealized gains (losses) | Fair Value | |||||||||
Available for sale – common shares | 250,000 | $ | 43,125 | $ | -29,375 | $ | 13,750 | |||||
Property_Equipment_And_Mine_De1
Property, Equipment And Mine Development (Tables) | 9 Months Ended | ||||||
Sep. 30, 2013 | |||||||
Property, Equipment And Mine Development [Abstract] | ' | ||||||
Schedule Of Property, Equipment And Mine Development | ' | ||||||
September 30, | December 31, | ||||||
2013 | 2012 | ||||||
Land | $ | 567,628 | $ | 548,125 | |||
Buildings and leasehold improvements | 737,823 | 519,699 | |||||
Computer equipment and software | 1,181,851 | 944,708 | |||||
Trucks and autos | 409,732 | 365,747 | |||||
Office equipment | 235,690 | 190,721 | |||||
Field equipment | 278,447 | 227,850 | |||||
Mine development | 10,686,975 | 6,057,111 | |||||
Subtotal | 14,098,146 | 8,853,961 | |||||
Accumulated depreciation | -1,271,860 | -848,002 | |||||
Totals | $ | 12,826,286 | $ | 8,005,959 | |||
Mineral_Properties_Tables
Mineral Properties (Tables) | 9 Months Ended | ||||||
Sep. 30, 2013 | |||||||
Mineral Properties [Abstract] | ' | ||||||
Schedule Of Mineral Properties | ' | ||||||
September 30, | December 31, | ||||||
Mineral property | 2013 | 2012 | |||||
Pan | $ | 34,709,938 | $ | 34,490,915 | |||
Gold Rock | 1,826,188 | 972,245 | |||||
Spring Valley | 4,975,930 | 4,790,292 | |||||
Tonopah | 7,885,426 | 7,508,054 | |||||
Golden Eagle | 2,238,327 | 2,161,420 | |||||
Pinyon | 43,153 | - | |||||
$ | 51,678,962 | $ | 49,922,926 | ||||
Share_Capital_Tables
Share Capital (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | |||||||||||||||
Stock-Based Compensation | ' | |||||||||||||||
Three Months ended September 30, 2013 | Three Months ended September 30, 2012 | Nine Months ended September 30, 2013 | Nine Months ended September 30, 2012 | |||||||||||||
Salaries and benefits | $ | 184,360 | $ | 331,677 | $ | 787,979 | $ | 1,234,526 | ||||||||
Mineral exploration expenditures | 40,420 | 83,408 | 142,381 | 188,023 | ||||||||||||
Consulting | 17,484 | 72,488 | 63,593 | 54,952 | ||||||||||||
Total | $ | 242,264 | $ | 487,573 | $ | 993,953 | $ | 1,477,501 | ||||||||
Outstanding Compensatory Stock Options | ' | |||||||||||||||
Options Outstanding | Options Exercisable | |||||||||||||||
Exercise Prices | Number of Shares | Remaining Contractual Life (years) | Weighted Average Exercise Price | Number Exercisable | Weighted Average Exercise Price | Aggregate Intrinsic Value | ||||||||||
$0.56 - $1.00 | 4,134,167 | 1.4 | $ | 0.73 | 4,134,167 | $ | 0.73 | $ | 1,123,733 | |||||||
$1.01 - $1.60 | 2,551,667 | 4.3 | 1.18 | 961,656 | 1.22 | - | ||||||||||
$1.61 - $2.20 | 3,022,500 | 2.8 | 2.07 | 2,516,669 | 2.07 | - | ||||||||||
$2.21 - $2.80 | 50,000 | 2.9 | 2.34 | 50,000 | 2.34 | - | ||||||||||
9,758,334 | 2.6 | $ | 1.27 | 7,662,492 | $ | 1.24 | $ | 1,123,733 | ||||||||
Summary Of Stock Purchase Warrants | ' | |||||||||||||||
Number of Warrants | Weighted Average Exercise Price (U.S. $) | Remaining Contractual Life (years) | ||||||||||||||
Balance, December 31, 2012 | 6,130,781 | $ | 1.85 | 1.02 | ||||||||||||
Issued | - | - | - | |||||||||||||
Exercised | - | - | - | |||||||||||||
Expired | - | - | - | |||||||||||||
Balance, September 30, 2013 | 6,130,781 | $ | 1.85 | 0.27 | ||||||||||||
2008 Stock Option Plan [Member] | ' | |||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | |||||||||||||||
Weighted Average Grant Date Fair Value Of Options | ' | |||||||||||||||
30-Sep-13 | 30-Sep-12 | |||||||||||||||
Unvested Beginning of Year | $ | 2.12 | $ | 1.80 | ||||||||||||
Granted | 0.55 | 1.33 | ||||||||||||||
Vested | 0.63 | 0.85 | ||||||||||||||
Expired | -1.01 | -1.42 | ||||||||||||||
Unvested End of Period | $ | 0.82 | $ | 1.49 | ||||||||||||
Activity For Compensatory Stock Options | ' | |||||||||||||||
Number of Shares | Weighted Average Exercise Price | Aggregate Intrinsic Value | Number of Shares Exercisable | |||||||||||||
Outstanding, January 1, 2013 | 7,817,501 | $ | 1.35 | $ | 2,570,692 | 7,082,504 | ||||||||||
Granted | 2,745,000 | 1.14 | - | - | ||||||||||||
Exercised | - | - | - | - | ||||||||||||
Cancelled | -804,167 | 1.58 | - | - | ||||||||||||
Outstanding, September 30, 2013 | 9,758,334 | $ | 1.27 | $ | 1,123,733 | 7,662,492 | ||||||||||
2013 Stock Option Plan [Member] | ' | |||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | |||||||||||||||
Weighted Average Grant Date Fair Value Of Options | ' | |||||||||||||||
30-Sep-13 | 30-Sep-12 | |||||||||||||||
Unvested Beginning of Year | $ | - | $ | - | ||||||||||||
Granted | 0.44 | - | ||||||||||||||
Vested | - | - | ||||||||||||||
Expired | - | - | ||||||||||||||
Unvested End of Period | $ | 0.44 | $ | - | ||||||||||||
Activity For Compensatory Stock Options | ' | |||||||||||||||
Number of Shares | Weighted Average Exercise Price (U.S.) | Aggregate Intrinsic Value (U.S.) | Number of Shares Exercisable | |||||||||||||
Outstanding, January 1, 2013 | - | $ | - | $ | - | - | ||||||||||
Granted | 150,000 | 0.96 | - | - | ||||||||||||
Exercised | - | - | - | - | ||||||||||||
Cancelled | - | - | - | - | ||||||||||||
Outstanding, September 30, 2013 | 150,000 | $ | 0.96 | $ | - | - | ||||||||||
Outstanding Compensatory Stock Options | ' | |||||||||||||||
Options Outstanding | Options Exercisable | |||||||||||||||
Exercise Prices | Number of Shares | Remaining Contractual Life (years) | Weighted Average Exercise Price (U.S.) | Number Exercisable | Weighted Average Exercise Price (U.S.) | Aggregate Intrinsic Value (U.S.) | ||||||||||
$0.56 - $1.00 | 150,000 | 4.9 | $ | 0.96 | - | $ | - | $ | - | |||||||
150,000 | 4.9 | $ | 0.96 | - | $ | - | $ | - | ||||||||
Redeemable_Preferred_Stock_Tab
Redeemable Preferred Stock (Tables) | 9 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Redeemable Preferred Stock [Abstract] | ' | ||||||||||||||
Schedule Of Dividends | ' | ||||||||||||||
2013 Dividend | Date Declared | Record Date | Dividend Per Share | Total Dividend (CAD) | Payment Date | Payment Type | |||||||||
Preferred Series A Holders | 11-Mar-13 | 25-Mar-13 | $ | 0.04 | $ | 1,699,140 | 1-Apr-13 | Cash | |||||||
Preferred Series A Holders | 20-Jun-13 | 24-Jun-13 | 0.04 | 1,479,868 | 2-Jul-13 | Shares | |||||||||
1,166,930 shares | |||||||||||||||
Preferred Series A Holders | 17-Sep-13 | 23-Sep-13 | 0.04 | 1,467,197 | 1-Oct-13 | Shares | |||||||||
1,260,144 shares | |||||||||||||||
$ | 0.12 | $ | 4,646,205 | ||||||||||||
Change In Carrying Amount Of Redeemable Preferred Stock | ' | ||||||||||||||
Redeemable Preferred Shares | |||||||||||||||
Balance as of December 13, 2012 | $ | 43,828,888 | |||||||||||||
Accretion of Redeemable preferred shares | 153,662 | ||||||||||||||
Preferred share cumulative dividend | 278,572 | ||||||||||||||
Balance as of December 31, 2012 | $ | 44,261,122 | |||||||||||||
Accretion of Redeemable preferred shares | 2,697,943 | ||||||||||||||
Preferred share cumulative dividend | 4,367,633 | ||||||||||||||
Declared Preferred share cumulative dividend | -4,646,205 | ||||||||||||||
Share issuance costs | -314 | ||||||||||||||
Balance as of September 30, 2013 | $ | 46,680,179 | |||||||||||||
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive (Income) Loss (Tables) | 9 Months Ended | |||||||||
Sep. 30, 2013 | ||||||||||
Accumulated Other Comprehensive (Income) Loss [Abstract] | ' | |||||||||
Schedule Of Accumulated Other Comprehensive (Income) Loss | ' | |||||||||
Unrealized (gain) loss on investment | Currency Translation Adjustment | Total AOCI | ||||||||
Balance as of December 31, 2012 | $ | 29,375 | $ | 406,969 | $ | 436,344 | ||||
Other comprehensive (income) loss before reclassifications | 13,750 | -677,747 | -663,997 | |||||||
Amounts reclassified from accumulated other comprehensive income | -43,125 | - | -43,125 | |||||||
Net current-period other comprehensive income | -29,375 | -677,747 | -707,122 | |||||||
Balance as of September 30, 2013 | $ | - | $ | -270,778 | $ | -270,778 | ||||
Commitments_Tables
Commitments (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Commitments [Abstract] | ' | |||||||||||||||
Future Minimum Lease Payments For Non-Cancellable Lease | ' | |||||||||||||||
Payments due by period | ||||||||||||||||
Current Year | One – Three Years | Four – Five Years | Thereafter | Total | ||||||||||||
Operating Lease obligations | $ | 88,468 | $ | 602,979 | $ | 568,083 | $ | 698,269 | $ | 1,957,799 | ||||||
Contract obligations | 129,904 | 47,016 | 3,503 | 1,236 | 181,659 | |||||||||||
Total | $ | 218,372 | $ | 649,995 | $ | 571,586 | $ | 699,505 | $ | 2,139,458 | ||||||
Supplemental_Disclosures_Of_Ca1
Supplemental Disclosures Of Cash Flow Information (Tables) | 9 Months Ended | ||||||
Sep. 30, 2013 | |||||||
Supplemental Disclosures Of Cash Flow Information [Abstract] | ' | ||||||
Schedule Of Supplemental Disclosures Of Cash Flow Information | ' | ||||||
30-Sep-13 | 30-Sep-12 | ||||||
Accrual of preferred share cumulative dividend | $ | 4,367,633 | $ | - | |||
Accretion of redeemable preferred shares | 2,697,943 | - | |||||
Common share issuance for payment of preferred dividend | 1,253,352 | - | |||||
Recovered_Sheet1
Nature And Continuance of Operations (Details) (CAD) | 3 Months Ended | 9 Months Ended | 209 Months Ended | ||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Nature And Continuance Of Operations [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Operating loss | -3,964,571 | -3,973,483 | -13,383,230 | -10,748,692 | -114,543,073 | ' | ' |
Accumulated deficit | 86,205,539 | ' | 86,205,539 | ' | 86,205,539 | 92,896,376 | ' |
Cash and cash equivalents | 58,373,402 | 10,931,300 | 58,373,402 | 10,931,300 | 58,373,402 | 75,052,836 | 10,191,069 |
Net_Income_Loss_Per_Share_Narr
Net (Income) Loss Per Share (Narrative) (Details) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Net (Income) Loss Per Share [Abstract] | ' | ' | ' | ' |
Shares excluded from the computation of EPS | 4,134,167 | 4,670,834 | 4,134,167 | 4,670,834 |
Net_Income_Loss_Per_Share_Sche
Net (Income) Loss Per Share (Schedule Of Earnings Per Share Basic And Diluted Calculations) (Details) (CAD) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 209 Months Ended | ||
Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | |
Net (Income) Loss Per Share [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Net (income) loss attributable to common shareholders | ' | 6,411,707 | 3,515,919 | 374,739 | 10,815,558 | ' | 93,703,350 |
Weighted-average common shares for basic (income) loss per share | ' | 129,605,544 | 127,188,712 | 128,840,275 | 118,571,642 | ' | ' |
Basic (income) loss per share | ' | 0.05 | 0.03 | ' | 0.09 | ' | ' |
Effect of Gain on change in fair value of derivative liability | ' | ' | ' | 14,427,439 | ' | ' | ' |
Effect of Accretion of Redeemable Preferred stock | -153,662 | -949,370 | ' | -2,697,943 | ' | -153,662 | -2,851,606 |
Effect of Preferred stock dividend | ' | ' | ' | -4,367,633 | ' | ' | ' |
Effect of Canadian corporate dividend tax | ' | ' | ' | -1,061,992 | ' | ' | ' |
Diluted (income) loss | ' | 6,411,707 | 3,515,919 | 6,674,610 | 10,815,558 | ' | ' |
Preferred Series A shares | ' | ' | ' | 37,837,838 | ' | ' | ' |
Dilutive potential common shares | ' | ' | ' | 37,837,838 | ' | ' | ' |
Weighted-average common shares for basic (income) loss per share | ' | 129,605,544 | 127,188,712 | 166,678,113 | 118,571,642 | ' | ' |
Diluted (income) loss per share | ' | 0.05 | 0.03 | 0.04 | 0.09 | ' | ' |
Fair_Value_Measurements_Detail
Fair Value Measurements (Details) (CAD) | Sep. 30, 2013 | Dec. 31, 2012 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | ' | 13,750 |
Warrant Liability | -19,638 | -1,166,381 |
Preferred share liability | -12,902,696 | -27,330,135 |
Quoted Prices In Active Markets For Identical Assets [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | ' | 13,750 |
Significant Other Observable Inputs [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Warrant Liability | -19,638 | -1,166,381 |
Preferred share liability | -12,902,696 | -27,330,135 |
Investments_Narrative_Details
Investments (Narrative) (Details) (CAD) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2009 | Dec. 31, 2008 | Dec. 31, 2007 | Oct. 26, 2010 | |
Investments [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of NVX common shares issued to the company | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 250,000 |
Realized loss on investment | 43,125 | ' | 43,125 | ' | ' | ' | ' | ' | ' | ' | ' |
Unrealized (gain) loss on investment | 7,500 | 346 | 13,750 | 51,250 | 56,250 | -13,750 | -13,125 | -53,850 | 502,225 | 120,000 | ' |
Investments_Investments_Detail
Investments (Investments) (Detail) (CAD) | Oct. 26, 2010 | Sep. 30, 2013 | Dec. 31, 2012 |
Common Stock [Member] | Common Stock [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Available for sale - common shares | 250,000 | 250,000 | 250,000 |
Cost | ' | 43,125 | 43,125 |
Accumulated unrealized gains (losses) | ' | -43,125 | -29,375 |
Fair Value | ' | ' | 13,750 |
Property_Equipment_And_Mine_De2
Property, Equipment And Mine Development (Narrative) (Details) (CAD) | 3 Months Ended | 9 Months Ended | 209 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | |
Property, Equipment And Mine Development [Abstract] | ' | ' | ' | ' | ' |
Depreciation expense | 140,960 | 116,899 | 382,215 | 283,903 | 1,640,626 |
Property_Equipment_And_Mine_De3
Property, Equipment And Mine Development (Schedule Of Property, Equipment And Mine Development) (Details) (CAD) | Sep. 30, 2013 | Dec. 31, 2012 |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 14,098,146 | 8,853,961 |
Accumulated depreciation | -1,271,860 | -848,002 |
Totals | 12,826,286 | 8,005,959 |
Land [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 567,628 | 548,125 |
Building And Leasehold Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 737,823 | 519,699 |
Computer Equipment And Software[Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 1,181,851 | 944,708 |
Trucks And Autos [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 409,732 | 365,747 |
Office Equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 235,690 | 190,721 |
Field Equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 278,447 | 227,850 |
Mine development [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 10,686,975 | 6,057,111 |
Mineral_Properties_Narrative_D
Mineral Properties (Narrative) (Details) | 1 Months Ended | 0 Months Ended | 0 Months Ended | 9 Months Ended | 1 Months Ended | 9 Months Ended | 1 Months Ended | 9 Months Ended | ||||||||||||||||||||
Aug. 31, 2008 | Aug. 31, 2008 | Sep. 30, 2013 | Dec. 31, 2012 | Jan. 02, 2013 | Jan. 02, 2013 | Jan. 02, 2003 | Jan. 07, 2003 | Jan. 07, 2003 | Jan. 07, 2003 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Apr. 19, 2013 | Jul. 31, 2013 | Jul. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Aug. 31, 2008 | Aug. 31, 2008 | Aug. 31, 2008 | Aug. 31, 2008 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | |
USD ($) | CAD | CAD | CAD | Pan [Member] | Pan [Member] | Pan [Member] | Pan [Member] | Pan [Member] | Pan [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Spring Valley [Member] | Spring Valley [Member] | Tonopah [Member] | Tonopah [Member] | Tonopah [Member] | Tonopah [Member] | Tonopah [Member] | Golden Eagle [Member] | Golden Eagle [Member] | Golden Eagle [Member] | Golden Eagle [Member] | Pinyon Project [Member] | 75% Interest [Member] | 75% Interest [Member] | |
USD ($) | CAD | USD ($) | Minimum [Member] | Maximum [Member] | USD ($) | CAD | Minimum [Member] | Maximum [Member] | USD ($) | USD ($) | CAD | USD ($) | Minimum [Member] | Maximum [Member] | USD ($) | CAD | Kinross [Member] | HeclaLimited [Member] | CAD | Spring Valley [Member] | Pinyon Project [Member] | |||||||
Property, Plant and Equipment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of ownership interests acquired | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | 60.00% | ' | ' | 100.00% | ' | ' | ' | ' | 75.00% | 25.00% | ' | ' | ' |
Royalty payment | ' | ' | ' | ' | $287,448 | 283,194 | ' | ' | ' | ' | $318,725 | 314,218 | ' | ' | ' | ' | $300,000 | 316,635 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of royalty from production | ' | ' | ' | ' | ' | ' | ' | ' | 2.50% | 4.00% | ' | ' | 2.00% | 6.00% | ' | ' | ' | ' | ' | 2.00% | 7.00% | ' | ' | ' | ' | ' | ' | ' |
Minimum requirement for expenditures during the term of the mining lease | ' | ' | ' | ' | ' | ' | 65,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Joint venture, percentage of interest granted | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 75.00% | 75.00% |
Joint venture, amount contributed by Barrick Gold Corporation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of additional interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 70.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.00% | 5.00% |
Minimum royalty from commercial production | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amounts receivable for recoverable salaries and expenses | ' | ' | 152,194 | 39,379 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Acquisition cost of business acquired | 1,500,000 | 1,537,950 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 483,333 | 500,200 | ' | ' | ' | ' | ' |
Initital percentage of interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 70.00% | ' | ' |
Maintenance fees | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 200,380 | ' | ' |
Royalty percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.00% | 2.00% | ' | ' | ' | ' | ' |
Mineral_Properties_Schedule_Of
Mineral Properties (Schedule Of Mineral Properties) (Details) (CAD) | Sep. 30, 2013 | Dec. 31, 2012 |
Mineral properties | 51,678,962 | 49,922,926 |
Pan [Member] | ' | ' |
Mineral properties | 34,709,938 | 34,490,915 |
Gold Rock [Member] | ' | ' |
Mineral properties | 1,826,188 | 972,245 |
Spring Valley [Member] | ' | ' |
Mineral properties | 4,975,930 | 4,790,292 |
Tonopah [Member] | ' | ' |
Mineral properties | 7,885,426 | 7,508,054 |
Golden Eagle [Member] | ' | ' |
Mineral properties | 2,238,327 | 2,161,420 |
Pinyon Project [Member] | ' | ' |
Mineral properties | 43,153 | ' |
Reclamation_Deposit_Details
Reclamation Deposit (Details) | 9 Months Ended | |||
Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | |
USD ($) | CAD | USD ($) | CAD | |
Reclamation Deposit [Abstract] | ' | ' | ' | ' |
Reclamation deposit | $846,491 | ' | $857,525 | 853,110 |
Duration of surety bonds | '1 year | '1 year | ' | ' |
Reclamation deposits released and refunded | $857,525 | 871,203 | ' | ' |
Share_Capital_Narrative_Detail
Share Capital (Narrative) (Details) | 0 Months Ended | 1 Months Ended | 0 Months Ended | 1 Months Ended | 9 Months Ended | 12 Months Ended | 24 Months Ended | 209 Months Ended | 12 Months Ended | 9 Months Ended | 9 Months Ended | 12 Months Ended | 0 Months Ended | 9 Months Ended | 12 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | 0 Months Ended | 1 Months Ended | 6 Months Ended | 12 Months Ended | 13 Months Ended | 8 Months Ended | 6 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 28 Months Ended | 3 Months Ended | 9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Jul. 02, 2013 | Jun. 06, 2011 | Jun. 06, 2011 | Sep. 30, 2010 | Jun. 16, 2010 | Mar. 31, 2008 | Jan. 31, 2006 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2009 | Dec. 31, 2008 | Dec. 31, 2007 | Dec. 31, 2006 | Dec. 31, 2005 | Dec. 31, 2004 | Dec. 31, 2003 | Dec. 31, 2002 | Dec. 31, 1998 | Dec. 31, 1997 | Dec. 31, 1997 | Jun. 16, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 1998 | Dec. 31, 2002 | Dec. 31, 2002 | Dec. 31, 2002 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 23, 2011 | Dec. 31, 1998 | Dec. 31, 1997 | Dec. 31, 1997 | Dec. 31, 2002 | Oct. 11, 2008 | Apr. 16, 2007 | Dec. 31, 2007 | Dec. 31, 2008 | Jul. 31, 2012 | Mar. 14, 2011 | Nov. 30, 2010 | Nov. 30, 2010 | Sep. 30, 2012 | Dec. 31, 1997 | Apr. 09, 2010 | Nov. 12, 2008 | Aug. 01, 2008 | Aug. 01, 2008 | Jun. 12, 2008 | Aug. 24, 2007 | Nov. 30, 2006 | 31-May-06 | Aug. 31, 2005 | Jul. 31, 2005 | Feb. 28, 2005 | Dec. 31, 2004 | Aug. 31, 2004 | 12-May-09 | Dec. 31, 2009 | Nov. 10, 2007 | Dec. 31, 2006 | Dec. 31, 2005 | Dec. 31, 2004 | Dec. 31, 2003 | Dec. 31, 1998 | Dec. 31, 1997 | 16-May-07 | Aug. 31, 2005 | Dec. 31, 1996 | Dec. 31, 1996 | Oct. 09, 2010 | Apr. 09, 2011 | Oct. 09, 2011 | Nov. 30, 2006 | Dec. 31, 2001 | Dec. 31, 2000 | Dec. 31, 1999 | Dec. 31, 1998 | Dec. 31, 1997 | Oct. 19, 2002 | Dec. 31, 2002 | Apr. 19, 2004 | Sep. 30, 2013 | Sep. 30, 2013 | |
CAD | USD ($) | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | USD ($) | CAD | CAD | CAD | USD ($) | USD ($) | Warrant 1 [Member] | Warrant 2 [Member] | Warrant 3 [Member] | Warrant 4 [Member] | Maximum [Member] | 2008 Stock Option Plan [Member] | 2008 Stock Option Plan [Member] | 2013 Stock Option Plan [Member] | At The Market [Member] | At The Market [Member] | Gemstone [Member] | Gemstone [Member] | Gemstone [Member] | Rex [Member] | Pan-Nevada Gold Corporation [Member] | Pan-Nevada Gold Corporation [Member] | Pan-Nevada Gold Corporation [Member] | Pan-Nevada Gold Corporation [Member] | Public offering [Member] | Public offering [Member] | Public offering [Member] | Public offering [Member] | Public offering [Member] | Initial Public Offering [Member] | Private Placement [Member] | Private Placement [Member] | Private Placement [Member] | Private Placement [Member] | Private Placement [Member] | Private Placement [Member] | Private Placement [Member] | Private Placement [Member] | Private Placement [Member] | Private Placement [Member] | Private Placement [Member] | Private Placement [Member] | Private Placement [Member] | Private Placement [Member] | Private Placement [Member] | Private Placement [Member] | Private Placement [Member] | Private Placement [Member] | Private Placement [Member] | Private Placement [Member] | Private Placement [Member] | Private Placement [Member] | Private Placement [Member] | Private Placement [Member] | Private Placement [Member] | Private Placement [Member] | Private Placement [Member] | Private Placement [Member] | Private Placement [Member] | Private Placement [Member] | Principal Shares [Member] | Principal Shares [Member] | Principal Shares [Member] | Principal Shares [Member] | Principal Shares [Member] | Short Form Offering [Member] | Short Form Offering [Member] | Short Form Offering [Member] | Warrant Liability [Member] | Warrant Liability [Member] | |
CAD | CAD | CAD | CAD | CAD | USD ($) | CAD | USD ($) | CAD | CAD | USD ($) | USD ($) | CAD | CAD | CAD | CAD | CAD | USD ($) | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | First Issuance [Member] | Second Issuance [Member] | Period 1 [Member] | Period 2 [Member] | Period 3 [Member] | Gemstone [Member] | CAD | CAD | CAD | CAD | CAD | CAD | ||||||||||||||||||||||||||||||||||||||||||||
CAD | CAD | CAD | CAD | CAD | CAD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued | 1,166,930 | ' | ' | ' | 11,078,666 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 637,736 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,261,562 | ' | 6,660,000 | 6,660,000 | ' | 2,000,000 | 1,333,000 | 12,500,000 | 600,000 | 600,000 | 1,421,500 | 2,000,000 | ' | 3,725,000 | 500,000 | 1,000,000 | 2,500,000 | 700,000 | 1,020,000 | ' | ' | ' | ' | ' | 400,000 | 700,000 | ' | 1,000,000 | ' | ' | 420,000 | 280,000 | ' | ' | ' | 2,000,000 | ' | ' | ' | ' | 750,000 | ' | 3,500,000 | ' | ' | ' |
Common shares, per share | ' | $1.60 | ' | ' | 0.6 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1.28 | ' | $0.60 | ' | ' | 0.35 | 0.6 | 0.22 | $2.50 | ' | 2 | 2.7 | ' | 1.8 | 1.4 | 1.15 | 0.85 | 0.85 | 0.75 | ' | ' | ' | ' | ' | 2 | 1.2 | ' | 2.5 | ' | ' | 0.25 | 0.25 | ' | ' | ' | 2.5 | ' | ' | ' | ' | ' | ' | 0.25 | ' | ' | ' |
Proceeds from Common stock issued, net of issue costs | 1,253,352 | ' | ' | ' | 5,142,202 | ' | ' | ' | 15,803,591 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,171,286 | ' | ' | ' | ' | 103,849,381 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $13,725,687 | ' | ' | 3,151,855 | ' | 590,570 | 514,365 | 1,793,491 | $1,500,000 | 1,537,950 | 2,843,000 | 5,400,000 | 1,761,509 | 5,998,846 | 608,015 | 995,193 | 1,598,457 | ' | ' | ' | ' | ' | ' | ' | 624,593 | 638,838 | ' | ' | ' | ' | 98,722 | 70,000 | ' | ' | ' | ' | ' | ' | ' | ' | 7,500 | ' | ' | ' | ' | ' |
Commission on sale of shares, percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Commission on sale of shares, per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.035 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.1875 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued as a finance fee | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 40,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 150,000 | ' | ' | ' |
Proceeds from units issued | ' | ' | ' | ' | 6,647,199 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,694,799 | ' | ' | 4,070,725 | ' | ' | 800,000 | 2,750,000 | ' | ' | ' | ' | ' | 6,705,000 | 700,000 | 1,150,000 | 2,125,000 | 595,000 | 765,000 | ' | ' | ' | ' | ' | 800,000 | 840,000 | ' | 2,253,793 | ' | ' | ' | ' | ' | ' | ' | 5,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Purchase of additional Common shares, per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $2 | ' | 0.8 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.90 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.45 | 1.15 | 1 | 1 | ' | 0.28 | ' | ' | ' | ' | 2.35 | 1.5 | ' | 3 | 2.7 | ' | ' | ' | 0.7 | 0.8 | 0.9 | ' | ' | ' | ' | ' | ' | 0.25 | ' | ' | ' | ' |
Proceeds from units issued, gross | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 875,000 | ' | ' | ' |
Proceeds from issuance of common stock, gross | ' | 12,000,000 | 11,742,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,178,761 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from issuance of warrants, gross | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 321,239 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of share purchase warrants | ' | ' | ' | 12,500 | 658,840 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 294,500 | ' | ' | ' | ' | ' | ' | ' | ' | 100,000 | 1,134,500 | 170,175 | 4,028,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 870,323 | 761,823 | 108,500 | ' | 2,650,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,500,000 | 908,782 | 23,000 | 23,000 | 161,000 | ' | 100,000 | ' | 1,725,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock warrants expired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 70,000 | ' | ' | ' | ' | 680,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 91,218 | ' | ' | 539,000 | ' | 900,000 | ' | 137,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Finance fee | ' | ' | ' | ' | 395,304 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 69,700 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of shares released from Escrow | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25.00% | 25.00% | 25.00% | 25.00% | ' | ' | ' | ' | ' | ' |
Shares issued to acquire an interest, shares | ' | ' | ' | ' | ' | 30,000 | 40,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 200,000 | 1,000,000 | 1,000,000 | 4,500,000 | ' | 7,764,109 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued to acquire an interest, value | ' | ' | ' | ' | ' | 88,500 | 88,000 | ' | ' | ' | ' | ' | ' | 88,500 | 27,028,505 | 88,000 | ' | ' | ' | 3,600,000 | 246,000 | ' | 2,065,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,500,000 | 2,065,500 | ' | ' | 25,000,431 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from exercise of share warrants | ' | ' | ' | 10,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,000,000 | 2,803,205 | ' | ' | ' | ' | 300,000 | 1,418,125 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issue of shares as a finders' fee, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 150,000 | 150,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 75,800 | 18,750 | 55,650 | ' | ' | ' | ' | ' | 40,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 875,000 | ' | ' | ' |
Share purchase warrants exercisable price per share | ' | ' | ' | ' | 0.8 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.25 | 1.55 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3 | ' | ' | ' | ' | ' | ' | ' | 0.8 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from warrants | ' | ' | ' | ' | 1,504,997 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 73,625 | 246,839 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,007,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,616,006 | ' | ' | 918,870 | ' | ' | 285,635 | 956,509 | ' | ' | ' | ' | 238,491 | 706,154 | 91,985 | 154,807 | 526,543 | ' | ' | ' | ' | ' | ' | ' | 175,407 | 201,162 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Commission on sale of shares | ' | 600,000 | 587,100 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 113,450 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 244,244 | 244,244 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of stock options | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 33,333 | 395,000 | ' | ' | ' | ' | ' | 32,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 308,000 | 154,000 | 84,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from stock options exercised | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 21,651 | 613,250 | ' | ' | ' | ' | ' | 12,800 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 608,020 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued to a director as additional consideration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 31,250 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loan from a director | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 780,000 | ' | ' | ' | ' | 12,010,075 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loan from a director, interest per annum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share issuance cost | ' | ' | 151,839 | ' | 307,553 | 1,489 | ' | ' | ' | 1,437,675 | 990,900 | 1,218,918 | ' | 139,705 | 28,000 | 248,512 | 184,660 | 183,512 | 19,932 | 544,260 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 176,288 | 1,437,675 | ' | 95,529 | 23,395 | ' | 39,450 | 75,371 | 28,000 | 94,546 | 65,216 | 8,261 | 15,560 | 26,709 | ' | ' | ' | ' | ' | ' | ' | ' | 19,932 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issue of shares as a finders' fee | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 224,250 | ' | 309,825 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 88,750 | ' | ' | ' | 64,430 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of stock options, value | ' | ' | ' | ' | ' | ' | ' | ' | ' | 425,685 | 452,749 | ' | 21,651 | 733,250 | 790,900 | 214,200 | 92,400 | 130,000 | ' | 12,800 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of share purchase warrants, value | ' | ' | ' | ' | 212,109 | ' | ' | ' | ' | 1,226,920 | 9,271,320 | 10,000 | 3,500,000 | 154,999 | 8,696,523 | 3,414,500 | 1,539,000 | 254,625 | 73,625 | 1,007,000 | 300,000 | ' | 2,803,205 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,420,054 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Risk free interest rate | ' | ' | ' | ' | 1.82% | ' | ' | 1.24% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.13% |
Volatility rate | ' | ' | ' | ' | 131.00% | ' | ' | 48.80% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 62.00% |
Expected life | ' | ' | ' | ' | '2 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '3 months 7 days |
Dividend | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 |
Exchange rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.0303 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.0303 | 1.0303 |
Fair value gain on equity instrument | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 93,209 | ' |
Fair value per warrant | ' | ' | ' | ' | 0.32 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.96 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.96 | 0.96 |
Bought deal offering | ' | 7,500,000 | 7,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common Stock Issuable Shares, Authorized | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock issued | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 129,618,228 | 128,451,298 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from stock issued | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,554,957 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise price of stock options | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.25 | ' | ' |
Options Outstanding Number of Shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,758,334 | 7,817,501 | 150,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maximum number of shares issuable under the plan | ' | ' | ' | ' | ' | ' | ' | 16,628,914 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Minimum percentage of exercise price to the fair value market valeue of common shares | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of aggregate number of shares that may be reserved for issuance pursuant to stock options | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Expected term | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '10 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock options term, upon termination of optionee's employment | ' | ' | ' | ' | ' | ' | ' | '3 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock options term, upon death or disability | ' | ' | ' | ' | ' | ' | ' | '12 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock-based compensation expense, net of forfeitures | ' | ' | ' | ' | ' | ' | ' | 993,953 | 1,477,501 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 13,188,506 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Estimated unrecognized compensation cost from unvested options | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 529,210 | ' | 59,535 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Estimated unrecognized compensation cost from unvested options remaining vesting period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '1 year 5 months 1 day | ' | '2 years 10 months 6 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding warrants | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,130,781 | 6,130,781 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding warrants, exercise price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1.85 | $1.85 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1.85 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value of warrants | ' | ' | ' | ' | ' | ' | ' | 19,638 | ' | 1,166,381 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19,638 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise price of warrant, exercise period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '18 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average remaining contractual term | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '2 years 5 months 16 days | ' | '4 years 10 months 6 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share_Capital_StockBased_Compe
Share Capital (Stock-Based Compensation) (Details) (CAD) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Stock-based compensation | 242,264 | 487,573 | 993,953 | 1,477,501 |
Salaries And Benefits [Member] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Stock-based compensation | 184,360 | 331,677 | 787,979 | 1,234,526 |
Mineral Exploration Expenditures [Member] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Stock-based compensation | 40,420 | 83,408 | 142,381 | 188,023 |
Consulting [Member] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Stock-based compensation | 17,484 | 72,488 | 63,593 | 54,952 |
Share_Capital_Weighted_Average
Share Capital (Weighted Average Grant Date Fair Value Of Options) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 |
2008 Stock Option Plan [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Unvested Beginning of Year | $0.82 | $2.12 | $1.49 | $1.80 |
Granted | $0.55 | ' | $1.33 | ' |
Vested | $0.63 | ' | $0.85 | ' |
Expired | ($1.01) | ' | ($1.42) | ' |
Unvested End of Period | $0.82 | $2.12 | $1.49 | $1.80 |
2013 Stock Option Plan [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Unvested Beginning of Year | $0.44 | ' | ' | ' |
Granted | $0.44 | ' | ' | ' |
Unvested End of Period | $0.44 | ' | ' | ' |
Share_Captial_Activity_For_Com
Share Captial (Activity For Compensatory Stock Options) (Details) | 12 Months Ended | 9 Months Ended | 9 Months Ended | ||||
Dec. 31, 2009 | Dec. 31, 2008 | Dec. 31, 2002 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | |
2008 Stock Option Plan [Member] | 2008 Stock Option Plan [Member] | 2008 Stock Option Plan [Member] | 2013 Stock Option Plan [Member] | ||||
USD ($) | CAD | CAD | USD ($) | ||||
Number of Shares | ' | ' | ' | ' | ' | ' | ' |
Beginning Balance | ' | ' | ' | 7,817,501 | ' | ' | ' |
Granted | ' | ' | ' | 2,745,000 | ' | ' | 150,000 |
Exercised | -33,333 | -395,000 | -32,000 | ' | ' | ' | ' |
Cancelled | ' | ' | ' | -804,167 | ' | ' | ' |
Ending Balance | ' | ' | ' | 9,758,334 | ' | ' | 150,000 |
Weighted Average Exercise Price | ' | ' | ' | ' | ' | ' | ' |
Beginning Balance | ' | ' | ' | $1.35 | 1.27 | ' | ' |
Granted | ' | ' | ' | $1.14 | ' | ' | $0.96 |
Cancelled | ' | ' | ' | $1.58 | ' | ' | ' |
Ending Balance | ' | ' | ' | $1.27 | 1.27 | ' | $0.96 |
Aggregate Intrinsic Value | ' | ' | ' | ' | ' | ' | ' |
Outstanding, January 1, 2013 | ' | ' | ' | ' | 1,123,733 | 2,570,692 | ' |
Outstanding, September 30, 2013 | ' | ' | ' | ' | 1,123,733 | 2,570,692 | ' |
Number of Shares Exercisable | ' | ' | ' | ' | ' | ' | ' |
Outstanding, January 1, 2013 | ' | ' | ' | 7,082,504 | ' | ' | ' |
Outstanding, September 30, 2013 | ' | ' | ' | 7,662,492 | ' | ' | ' |
Share_Capital_Outstanding_Comp
Share Capital (Outstanding Compensatory Stock Options) (Details) | 9 Months Ended | 9 Months Ended | |||||||
Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | |
2008 Stock Option Plan [Member] | 2008 Stock Option Plan [Member] | 2008 Stock Option Plan [Member] | 2008 Stock Option Plan [Member] | 2008 Stock Option Plan [Member] | 2008 Stock Option Plan [Member] | 2008 Stock Option Plan [Member] | 2013 Stock Option Plan [Member] | 2013 Stock Option Plan [Member] | |
USD ($) | CAD | USD ($) | $0.56 - $1.00 [Member] | $1.01 - $1.60 [Member] | $1.61 - $2.20 [Member] | $2.21 - $2.80 [Member] | USD ($) | $0.56 - $1.00 [Member] | |
CAD | CAD | CAD | CAD | USD ($) | |||||
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise Prices, Lower Range | ' | ' | ' | 0.56 | 1.01 | 1.61 | 2.21 | ' | $0.56 |
Exercise Prices, Upper Range | ' | ' | ' | 1 | 1.6 | 2.2 | 2.8 | ' | $1 |
Options Outstanding Number of Shares | 9,758,334 | 9,758,334 | 7,817,501 | 4,134,167 | 2,551,667 | 3,022,500 | 50,000 | 150,000 | 150,000 |
Options Outstanding Remaining Contractual Life (in years) | '2 years 7 months 6 days | '2 years 7 months 6 days | ' | '1 year 4 months 24 days | '4 years 3 months 18 days | '2 years 9 months 18 days | '2 years 10 months 24 days | '4 years 10 months 24 days | '4 years 10 months 24 days |
Options Outstanding Weighted Average Exercise Price | $1.27 | 1.27 | $1.35 | 0.73 | 1.18 | 2.07 | 2.34 | $0.96 | $0.96 |
Options Exercisable Number Exercisable | 7,662,492 | 7,662,492 | 7,082,504 | 4,134,167 | 961,656 | 2,516,669 | 50,000 | ' | ' |
Options Exercisable Weighted Average Exercise Price | ' | 1.24 | ' | 0.73 | 1.22 | 2.07 | 2.34 | ' | ' |
Options Exercisable Aggregate Intrinsic Value | ' | 1,123,733 | ' | 1,123,733 | ' | ' | ' | ' | ' |
Share_Capital_Summary_Of_Stock
Share Capital (Summary Of Stock Purchase Warrants) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Number of Warrants | ' | ' |
Balance, December 31, 2012 | 6,130,781 | 6,130,781 |
Balance, September 30, 2013 | 6,130,781 | 6,130,781 |
Weighted Average Exercise Price | ' | ' |
Balance, December 31, 2012 | $1.85 | $1.85 |
Balance, September 30, 2013 | $1.85 | $1.85 |
Remaining Contractual Life (in years) | ' | ' |
Balance, December 31, 2012 | '3 months 7 days | '1 year 7 days |
Balance, September 30, 2013 | '3 months 7 days | '1 year 7 days |
Redeemable_Preferred_Stock_Nar
Redeemable Preferred Stock (Narrative) (Details) | 0 Months Ended | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 209 Months Ended | 12 Months Ended | 9 Months Ended | |||||||||||||||
Jun. 06, 2011 | Jun. 16, 2010 | Mar. 31, 2008 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2008 | Dec. 31, 2007 | Dec. 31, 2006 | Dec. 31, 2005 | Dec. 31, 2004 | Dec. 31, 2003 | Dec. 31, 2002 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | |
CAD | CAD | CAD | CAD | USD ($) | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | Series A Preferred Stock [Member] | Series A Preferred Stock [Member] | Series A Preferred Stock [Member] | Series A Preferred Stock [Member] | Converted Scenario [Member] | EREF-Mid II LLC And HCP-Mid LLC [Member] | |
USD ($) | CAD | USD ($) | CAD | Series A Preferred Stock [Member] | Series A Preferred Stock [Member] | ||||||||||||||||||
USD ($) | |||||||||||||||||||||||
Temporary Equity [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred Shares, issued | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 37,837,838 | 37,837,838 | 37,837,838 | 37,837,838 | ' | ' |
Preferred stock, redemption price per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.85 | ' | 1.85 | ' | ' |
Preferred stock, outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 37,837,838 | 37,837,838 | 37,837,838 | 37,837,838 | ' | 17,837,838 |
Gross proceeds from issuance of preferred shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 68,295,156 | $70,000,000 | 68,936,000 | ' | ' | $36,324,324 | ' |
Share issuance cost | 151,839 | 307,553 | 1,489 | ' | ' | ' | 1,437,675 | 990,900 | 1,218,918 | 139,705 | 28,000 | 248,512 | 184,660 | 183,512 | 19,932 | 544,260 | ' | ' | 641,333 | ' | ' | ' | ' |
Fair value of the embedded derivative liability | ' | ' | ' | 12,902,696 | ' | 12,902,696 | 229,753 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,902,696 | ' | ' | ' | ' | ' | ' |
Direct issuance costs allocated to Preferred Stock | ' | ' | ' | ' | ' | 314 | -411,580 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred shares, annual dividend rate | ' | ' | ' | ' | 8.00% | 8.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average price per common shares | ' | ' | ' | ' | $3.70 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Volatility rate | ' | 131.00% | ' | ' | 48.80% | 48.80% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Credit spread | ' | ' | ' | ' | 20.10% | 20.10% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock closing price | ' | 0.32 | ' | ' | $0.96 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.96 | ' | ' | ' |
Risk free interest rate | ' | 1.82% | ' | ' | 1.24% | 1.24% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exchange rate | ' | ' | ' | ' | 1.0303 | 1.0303 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Consecutive trading days | ' | ' | ' | ' | '20 days | '20 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred dividend tax | ' | ' | ' | ' | ' | 1,061,992 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Tax deduction ratio | ' | ' | ' | ' | 3.5 | 3.5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notice in writing period | ' | ' | ' | ' | '30 days | '30 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain on change in fair value of derivative liabilities | ' | ' | ' | 895,234 | ' | 14,427,439 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redeemable_Preferred_Stock_Sch
Redeemable Preferred Stock (Schedule Of Dividends) (Details) (CAD) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 |
Series A Preferred Stock [Member] | Series A Preferred Stock [Member] | Series A Preferred Stock [Member] | Series A Preferred Stock [Member] | |||
Installment 1 FY2013 [Member] | Installment 2 FY2013 [Member] | Installment 3 FY2013 [Member] | ||||
Dividends Payable [Line Items] | ' | ' | ' | ' | ' | ' |
Date Declared | ' | ' | ' | 11-Mar-13 | 20-Jun-13 | 17-Sep-13 |
Record Date | ' | ' | ' | 25-Mar-13 | 24-Jun-13 | 23-Sep-13 |
Dividend Per Share | ' | ' | 0.12 | 0.04 | 0.04 | 0.04 |
Total Dividend | -4,367,633 | -278,572 | 4,646,205 | 1,699,140 | 1,479,868 | 1,467,197 |
Payment Date | ' | ' | ' | 1-Apr-13 | 2-Jul-13 | 1-Oct-13 |
Payment Type, Number of shares | ' | ' | ' | ' | 1,166,930 | 1,260,144 |
Redeemable_Preferred_Stock_Cha
Redeemable Preferred Stock (Change In Carrying Amount Of Redeemable Preferred Stock) (Details) (CAD) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 209 Months Ended |
Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | |
Redeemable Preferred Stock [Abstract] | ' | ' | ' | ' | ' |
Balance | 43,828,888 | ' | 44,261,122 | ' | ' |
Accretion of Redeemable preferred shares | 153,662 | 949,370 | 2,697,943 | 153,662 | 2,851,606 |
Preferred share cumulative dividend | 278,572 | 1,478,516 | 4,367,633 | ' | 4,646,205 |
Declared Preferred stock cumulative dividend | ' | ' | -4,646,205 | ' | ' |
Share issuance costs | ' | ' | -314 | 411,580 | ' |
Balance | 44,261,122 | 46,680,179 | 46,680,179 | 44,261,122 | 46,680,179 |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive (Income) Loss (Details) (CAD) | 3 Months Ended | 9 Months Ended | 12 Months Ended |
Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2008 | |
Beginning balance | ' | 436,344 | ' |
Other comprehensive (income) loss before reclassifications | ' | -663,997 | ' |
Amounts reclassified from accumulated other comprehensive income | -43,125 | -43,125 | -622,225 |
Net current-period other comprehensive income | ' | -707,122 | ' |
Ending balance | -270,778 | -270,778 | ' |
Accumulated Other Comprehensive Loss [Member] | ' | ' | ' |
Amounts reclassified from accumulated other comprehensive income | ' | -43,125 | -622,225 |
Unrealized (Gain) Loss On Investment [Member] | ' | ' | ' |
Beginning balance | ' | 29,375 | ' |
Other comprehensive (income) loss before reclassifications | ' | 13,750 | ' |
Amounts reclassified from accumulated other comprehensive income | ' | -43,125 | ' |
Net current-period other comprehensive income | ' | -29,375 | ' |
Currency Translation Adjustment [Member] | ' | ' | ' |
Beginning balance | ' | 406,969 | ' |
Other comprehensive (income) loss before reclassifications | ' | -677,747 | ' |
Net current-period other comprehensive income | ' | -677,747 | ' |
Ending balance | -270,778 | -270,778 | ' |
Commitments_Details
Commitments (Details) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2013 | |
USD ($) | CAD | |
Commitments [Abstract] | ' | ' |
Fee payable upon termination | $100,000 | ' |
Operating Lease obligations Current Year | ' | 88,468 |
Operating Lease obligations One - Three Years | ' | 602,979 |
Operating Lease obligations Three - Five Years | ' | 568,083 |
Operating Leases obligations Thereafter | ' | 698,269 |
Operating Lease obligations due | ' | 1,957,799 |
Purchase obligations Current Year | ' | 129,904 |
Purchase obligations One - Three Years | ' | 47,016 |
Purchase obligations Three - Five Years | ' | 3,503 |
Purchase obligations Thereafter | ' | 1,236 |
Purchase obligations due | ' | 181,659 |
Total Current Year | ' | 218,372 |
Total One - Three Years | ' | 649,995 |
Total Three - Five Years | ' | 571,586 |
Total Thereafter | ' | 699,505 |
Total | ' | 2,139,458 |
Related_Party_Transactions_Det
Related Party Transactions (Details) (CAD) | 3 Months Ended | 9 Months Ended | 209 Months Ended | |||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | |
Related Party Transaction [Line Items] | ' | ' | ' | ' | ' | ' |
Consulting fees paid | 68,312 | 181,609 | 381,972 | 285,484 | 1,878,364 | ' |
Amount payable to related party | 2,202,219 | ' | 2,202,219 | ' | 2,202,219 | 1,710,674 |
Chief Financial Officer [Member] | ' | ' | ' | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' | ' | ' | ' |
Consulting fees paid | 28,556 | ' | 28,556 | ' | ' | ' |
Former Chief Executive Officer [Member] | ' | ' | ' | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' | ' | ' | ' |
Consulting fees paid | 0 | 44,244 | 65,776 | 65,177 | ' | ' |
Directors and Officers [Member] | ' | ' | ' | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' | ' | ' | ' |
Amount payable to related party | 45,606 | ' | 45,606 | ' | 45,606 | 15,032 |
Supplemental_Disclosures_Of_Ca2
Supplemental Disclosures Of Cash Flow Information (Details) (CAD) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 209 Months Ended |
Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | |
Supplemental Disclosures Of Cash Flow Information [Abstract] | ' | ' | ' | ' | ' |
Accrual of preferred share cumulative dividend | 278,572 | 1,478,516 | 4,367,633 | ' | 4,646,205 |
Accretion of redeemable preferred shares | 153,662 | 949,370 | 2,697,943 | 153,662 | 2,851,606 |
Common share issuance for payment of preferred dividend | ' | ' | 1,253,352 | ' | ' |