Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 | Mar. 10, 2014 | Jun. 28, 2013 |
Document And Entity Information [Abstract] | ' | ' | ' |
Document Type | '10-K | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
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 | ' | 132,981,600 | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Public Float | ' | ' | $80.80 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets(CAD) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 |
Series A Preferred Stock [Member] | Series A Preferred Stock [Member] | |||
Current Assets: | ' | ' | ' | ' |
Cash and Cash Equivalents | 51,363,302 | 75,052,836 | ' | ' |
Amounts Receivable | 102,897 | 39,379 | ' | ' |
Prepaid Expenses and Other Current Assets | 431,023 | 142,643 | ' | ' |
Total Current Assets | 51,897,222 | 75,234,858 | ' | ' |
Long Term Assets: | ' | ' | ' | ' |
Investments (Notes 4 and 5) | ' | 13,750 | ' | ' |
Reclamation Deposits (Note 8) | 1,595,400 | 853,110 | ' | ' |
Property, Equipment and Mine Development (Note 6) | 16,750,950 | 8,005,959 | ' | ' |
Mineral Properties (Note 7) | 53,200,288 | 49,922,926 | ' | ' |
Other Long Term Assets | 405,162 | ' | ' | ' |
Total Assets | 123,849,022 | 134,030,603 | ' | ' |
Current Liabilities: | ' | ' | ' | ' |
Accounts Payable and Accrued Liabilities (Note 13) | 2,879,730 | 1,710,674 | ' | ' |
Preferred Share Dividends Payable | 1,515,845 | ' | ' | ' |
Other Short Term Liabilities | 1,440,926 | ' | ' | ' |
Total Current Liabilities | 5,836,501 | 1,710,674 | ' | ' |
Long term liabilities: | ' | ' | ' | ' |
Warrant Liability (Note 4 and 9) | ' | 1,166,381 | ' | ' |
Derivative Liabilities (Note 10) | 8,189,720 | 27,330,135 | ' | ' |
Future Income Tax Liability | ' | 3,172,512 | ' | ' |
Other Long Term Liabilities | 173,656 | ' | ' | ' |
Total Liabilities | 14,199,877 | 33,379,702 | ' | ' |
Balance at December 13, 2012 | 47,482,972 | 44,261,122 | 47,482,972 | 44,261,122 |
Stockholders' Equity (note 9): | ' | ' | ' | ' |
Common Stock Authorized – Unlimited, No Par Value; Issued and Outstanding – 130,915,872 and 128,451,298 (2013 and 2012) | 140,834,370 | 138,304,344 | ' | ' |
Additional Paid In Capital | 3,195,325 | 11,418,155 | ' | ' |
Accumulated Other Comprehensive Income (Loss) (Note 11) | 2,126,923 | -436,344 | ' | ' |
Deficit Accumulated During Exploration Stage | -83,990,445 | -92,896,376 | ' | ' |
Total Stockholders' Equity | 62,166,173 | 56,389,779 | ' | ' |
Total Liabilities and Stockholders' Equity | 123,849,022 | 134,030,603 | ' | ' |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Common stock, no par value | ' | ' |
Common stock issued | 130,915,872 | 128,451,298 |
Common stock outstanding | 130,915,872 | 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_Statement_Of_Oper
Consolidated Statement Of Operations (CAD) | 12 Months Ended | 212 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | |
Expenses | ' | ' | ' | ' |
Consulting (Note 13) | 481,964 | 373,763 | 369,764 | 1,978,356 |
Depreciation | 533,181 | 400,131 | 169,694 | 1,791,592 |
Gain On Sale of Subsidiary | ' | ' | ' | -2,806,312 |
Interest and Bank Charges | 3,219 | 2,698 | 20,451 | 918,121 |
Investor Relations | 38,818 | 120,162 | 143,821 | 1,538,808 |
Legal, Audit and Accounting | 3,575,034 | 1,334,019 | 771,680 | 8,293,175 |
Management Fees | ' | 8 | -5,818 | 210,778 |
Mineral Exploration Expenditures (Schedule) | 5,337,923 | 7,182,579 | 11,019,712 | 71,021,153 |
Mineral Property Interests Written-off | ' | ' | 251,903 | 4,643,637 |
Mineral Property Interests Recovered | ' | ' | ' | -60,120 |
Office and Administration | 1,184,217 | 790,044 | 485,707 | 3,972,475 |
Salaries and Benefits | 5,453,707 | 4,017,167 | 4,911,488 | 23,696,425 |
Transfer Agent and Filing Fees | 430,930 | 183,616 | 246,010 | 1,459,868 |
Travel | 341,107 | 329,876 | 231,270 | 1,881,988 |
Operating Loss | 17,380,100 | 14,734,063 | 18,615,682 | 118,539,944 |
Other Income (Expense): | ' | ' | ' | ' |
Foreign Exchange Gain | 4,065,291 | 504,075 | 542,538 | 6,097,897 |
Gain (Loss) on Change in Fair Value of Derivative Liabilities (Note 9 and 10) | 20,306,621 | -1,414,242 | -592,026 | 17,656,679 |
Interest and Investment Income | 151,337 | 32,103 | 36,319 | 1,073,084 |
Gain (Loss) on Sale of Equipment | -2,681 | ' | 532,052 | 523,468 |
Gain On Sale of Investments | ' | ' | ' | 44,077 |
Investment Write Down (Note 5) | -43,125 | ' | ' | -173,125 |
Unrealized Loss on Investments (Note 5) | ' | -8,933 | -15,504 | -609,220 |
Other Expense | -36,271 | -495,966 | -17,654 | -462,610 |
Nonoperating Income (Expense), Total | 24,441,172 | -1,382,963 | 485,725 | 24,150,250 |
Net (Income) Loss Before Income Tax | -7,061,072 | 16,117,026 | 18,129,957 | 94,389,694 |
Income Tax Recovery (Expense) (Note 16) | 1,844,859 | 842,404 | 2,602,778 | 10,399,249 |
Net (Income) Loss | -8,905,931 | 15,274,622 | 15,527,179 | 83,990,445 |
Preferred Share Cumulative Dividend (Note 10) | 5,883,478 | 278,572 | ' | 6,162,050 |
Accretion of Redeemable Preferred Shares (Note 10) | 3,500,736 | 153,662 | ' | 3,654,398 |
Net (Income) Loss Attributable to Common Shareholders | 478,283 | 15,706,856 | 15,527,179 | 93,806,893 |
Basic: | ' | ' | ' | ' |
Weighted Average Number of Shares Outstanding | 129,355,322 | 121,056,319 | 106,992,452 | ' |
Net (Income) Loss Per Share | ' | 0.13 | 0.15 | ' |
Diluted: | ' | ' | ' | ' |
Weighted Average Number of Shares Outstanding | 167,193,160 | 121,056,319 | 106,992,452 | ' |
Net (Income) Loss Per Share | 0.05 | 0.13 | 0.15 | ' |
Consolidated_Statement_Of_Comp
Consolidated Statement Of Comprehensive (Income) Loss (CAD) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Consolidated Statement Of Comprehensive (Income) Loss [Abstract] | ' | ' | ' |
Net (Income) Loss for the Period | -8,905,931 | 15,274,622 | 15,527,179 |
Unrealized (Gain) Loss on Investment (Note 5) | 13,750 | 56,250 | -13,750 |
Transfer of Realized Loss to Statement of Operations | -43,125 | ' | ' |
Currency Translation Adjustment | -2,533,892 | 406,969 | ' |
Comprehensive (Income) Loss | -11,469,198 | 15,737,841 | 15,513,429 |
Consolidated_Statement_Of_Cash
Consolidated Statement Of Cash Flows (CAD) | 12 Months Ended | 212 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | |
Cash Provided By (Used In): Operating Activities: | ' | ' | ' | ' |
Net Income (Loss) | 8,905,931 | -15,274,622 | -15,527,179 | -83,990,445 |
Items Not Involving Cash: | ' | ' | ' | ' |
Depreciation | 533,181 | 400,131 | 169,694 | 1,791,592 |
Stock-Based Compensation | 1,174,509 | 1,593,140 | 3,626,681 | 13,369,062 |
Unrealized Foreign Exchange (Gain) Loss | 64,711 | -88,362 | -245,514 | -1,598,175 |
Investment Write Down | 43,125 | ' | ' | 173,125 |
Unrealized Loss On Investment | ' | 8,933 | 15,504 | 609,220 |
Non-Cash Interest Expense | ' | ' | ' | 234,765 |
Loss (Gain) on Change in Fair Value of Derivative Liabilities | -20,306,621 | 1,414,242 | 592,026 | -17,656,679 |
Other Current Assets Written Off | ' | 218,044 | ' | 218,044 |
Deferred Income Tax (Recovery) Expense | -3,285,785 | -842,404 | -2,602,778 | -11,840,175 |
Gain on Sale of Subsidiary | ' | ' | ' | -2,806,312 |
Loss (Gain) on Sale of Equipment | 2,681 | ' | -532,052 | -523,468 |
Gain on Sale of Investments | ' | ' | ' | -44,077 |
Mineral Property Interests Written-off | ' | ' | 251,903 | 4,643,637 |
Mineral Property Interest Recovery | ' | ' | ' | -60,120 |
Change in Non-Cash Working Capital Items: | ' | ' | ' | ' |
Amounts Receivable | 17,751 | -7,881 | 59,844 | -3,709 |
Prepaid Expenses | -368,980 | 371,112 | -330,627 | -483,518 |
Accounts Payable and Accrued Liabilities | 1,056,198 | 557,406 | 476,948 | 2,896,648 |
Other Short Term Liabilities | 1,481,149 | ' | ' | 1,481,149 |
Net Cash Provided by (Used in) Operating Activities, Total | -10,682,150 | -11,650,261 | -14,045,550 | -93,589,436 |
Investing Activities: | ' | ' | ' | ' |
Proceeds From Sale of Subsidiary | ' | ' | ' | 254,366 |
Proceeds From Sale of Equipment | ' | ' | ' | 22,820 |
Proceeds From Sale of Mineral Property | ' | ' | 1,105,543 | 1,339,002 |
Proceeds From Sale of Investments | ' | ' | ' | 321,852 |
Mineral Property Acquisitions | -1,482,859 | -913,718 | -817,466 | -24,490,267 |
Deferred Acquisition Costs | ' | ' | ' | -23,316 |
Additions to Property, Equipment and Mine Development | -8,522,261 | -6,758,968 | -1,610,750 | -18,791,798 |
Reclamation Deposit | -732,147 | -249,120 | -342,975 | -1,999,712 |
Net Cash Provided by (Used in) Investing Activities, Total | -10,737,267 | -7,921,806 | -1,665,648 | -43,367,053 |
Financing Activities: | ' | ' | ' | ' |
Advance from Red Emerald Ltd. | ' | ' | ' | 12,010,075 |
Common Stock Issued, Net of Issue Costs | 21,000 | 16,027,987 | 19,839,451 | 103,870,381 |
Preferred Shares Issued, Net of Issue Costs | ' | 68,295,156 | ' | 68,295,156 |
Preferred Share Dividends Paid | -2,150,302 | ' | ' | -2,150,302 |
Deferred Financing Costs | -299,902 | ' | ' | -299,902 |
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 | -2,429,204 | 84,323,143 | 19,839,451 | 188,050,013 |
Effect of Exchange Rate Changes On Cash: | 159,087 | 110,691 | ' | 269,778 |
Increase (Decrease) in Cash and Cash Equivalents | -23,689,534 | 64,861,767 | 4,128,253 | 51,363,302 |
Cash and Cash Equivalents, Beginning of Period | 75,052,836 | 10,191,069 | 6,062,816 | ' |
Cash and Cash Equivalents, End of Period | 51,363,302 | 75,052,836 | 10,191,069 | 51,363,302 |
Consolidated_Statement_Of_Chan
Consolidated Statement Of Changes In Stockholders' Equity (Deficit) (CAD) | Convertible Preferred Shares [Member] | 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] | Accumulated Other Comprehensive Loss [Member] | Accumulated Deficit During The Development Stage [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] | |||||||||||
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 |
Shares Issued (in shares) | ' | 2,234,400 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
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 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
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 (in shares) | ' | ' | ' | ' | ' | 5,725,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares Issued | ' | ' | ' | ' | ' | 10,760,355 | ' | 944,645 | ' | ' | ' | ' | ' | ' | 11,705,000 |
Share Issue Costs | ' | ' | ' | ' | ' | -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 | ' | ' | ' | ' | ' | ' | ' | ' | ' | -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 |
Write-off of Investment | ' | ' | ' | ' | ' | ' | ' | ' | 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 |
Public Offerings (in shares) | ' | ' | ' | ' | ' | 17,738,666 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Public Offerings | ' | ' | ' | ' | ' | 8,294,058 | ' | 1,504,996 | ' | ' | ' | ' | ' | ' | 9,799,054 |
Shares Issued (in shares) | ' | 1,333,333 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares Issued | ' | 514,365 | ' | ' | ' | ' | 285,635 | ' | ' | ' | 800,000 | ' | ' | ' | ' |
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 | ' | ' | ' | ' | ' | ' | ' | ' | 1,533,650 |
Exercise of Share Purchase Warrants | ' | ' | ' | ' | ' | 1,644,073 | ' | -417,153 | ' | ' | ' | ' | ' | ' | 1,226,920 |
Public Offerings (in shares) | ' | ' | ' | ' | ' | 12,261,562 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Public Offerings | ' | ' | ' | ' | ' | 13,370,717 | ' | ' | ' | ' | ' | ' | ' | ' | 13,370,717 |
Exercise of Stock Options (in shares) | ' | ' | ' | ' | ' | 737,501 | ' | ' | ' | ' | ' | ' | ' | ' | 737,501 |
Exercise of Stock Options | ' | ' | ' | ' | ' | 701,391 | ' | -275,706 | ' | ' | ' | ' | ' | ' | 425,685 |
Shares Issued (in shares) | 37,837,838 | ' | ' | ' | 69,110 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares Issued | 44,240,154 | ' | ' | ' | 100,434 | ' | ' | ' | ' | ' | ' | ' | ' | 100,434 | ' |
Share Issue Costs | -411,266 | ' | ' | ' | ' | -1,437,675 | ' | ' | ' | ' | ' | ' | ' | ' | -1,437,675 |
Stock-Based Compensation | ' | ' | ' | ' | ' | ' | ' | 1,593,140 | ' | ' | ' | ' | ' | ' | 1,593,140 |
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 |
Write-off of Investment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrealized Foreign Exchange Gain / (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | -406,969 | ' | ' | ' | ' | ' | -406,969 |
Net Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | -15,274,622 | ' | ' | ' | ' | -15,274,622 |
Balance at Dec. 31, 2012 | 44,261,122 | ' | ' | ' | ' | 138,304,344 | ' | 11,418,155 | -436,344 | -92,896,376 | ' | ' | ' | ' | 56,389,779 |
Balance (in shares) at Dec. 31, 2012 | 37,837,838 | ' | ' | ' | ' | 128,451,298 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares Issued: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of Stock Options (in shares) | ' | ' | ' | ' | ' | 37,500 | ' | ' | ' | ' | ' | ' | ' | ' | 37,500 |
Exercise of Stock Options | ' | ' | ' | ' | ' | 34,125 | ' | -13,125 | ' | ' | ' | ' | ' | ' | 21,000 |
Shares Issued For Dividends (in shares) | ' | ' | ' | ' | ' | 2,427,074 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares Issued For Dividends | ' | ' | ' | ' | ' | 2,495,901 | ' | ' | ' | ' | ' | ' | ' | ' | 2,495,901 |
Share Issue Costs | -314 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock-Based Compensation | ' | ' | ' | ' | ' | ' | ' | 1,174,509 | ' | ' | ' | ' | ' | ' | 1,174,509 |
Accretion of Cost of Redeemable Preferred Shares | 3,500,736 | ' | ' | ' | ' | ' | ' | -3,500,736 | ' | ' | ' | ' | ' | ' | -3,500,736 |
Dividends Payable | -278,572 | ' | ' | ' | ' | ' | ' | -5,883,478 | ' | ' | ' | ' | ' | ' | -5,883,478 |
Unrealized Gain / (Loss) on Investment | ' | ' | ' | ' | ' | ' | ' | ' | -13,750 | ' | ' | ' | ' | ' | -13,750 |
Write-off of Investment | ' | ' | ' | ' | ' | ' | ' | ' | 43,125 | ' | ' | ' | ' | ' | 43,125 |
Unrealized Foreign Exchange Gain / (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | 2,533,892 | ' | ' | ' | ' | ' | 2,533,892 |
Net Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,905,931 | ' | ' | ' | ' | 8,905,931 |
Balance at Dec. 31, 2013 | 47,482,972 | ' | ' | ' | ' | 140,834,370 | ' | 3,195,325 | 2,126,923 | -83,990,445 | ' | ' | ' | ' | 62,166,173 |
Balance (in shares) at Dec. 31, 2013 | 37,837,838 | ' | ' | ' | ' | 130,915,872 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule_Of_Mineral_Exploratio
Schedule Of Mineral Exploration Expenditures (CAD) | 12 Months Ended | 212 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 5,337,923 | 7,182,579 | 11,019,712 | 71,021,153 |
Pan [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 2,151,355 | 1,415,189 | 6,730,346 | 16,921,984 |
Pan [Member] | Assays And Analysis [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 14,322 | 3,807 | 257,576 | 946,210 |
Pan [Member] | Drilling [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | -6 | -58,427 | 1,338,550 | 3,712,104 |
Pan [Member] | Engineering And Consulting [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 104,227 | 33,454 | 2,453,700 | 3,695,506 |
Pan [Member] | Environmental [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 33 | 10,492 | 533,422 | 706,682 |
Pan [Member] | Field Office And Supplies [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 307,078 | 270,408 | 496,282 | 1,251,087 |
Pan [Member] | Legal [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 6,321 | 32,887 | 169,117 | 343,840 |
Pan [Member] | Property Maintenance And Taxes [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 1,345 | 89,543 | 416,807 | 960,492 |
Pan [Member] | Reclamation Costs [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 1,896 | 6,014 | -85,335 | -6,856 |
Pan [Member] | Reproduction And Drafting [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 9,667 | 7,737 | 66,290 | 89,432 |
Pan [Member] | Salaries And Labor [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 1,523,053 | 872,906 | 887,445 | 4,419,867 |
Pan [Member] | Travel, Transportation And Accommodation [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 183,419 | 146,368 | 196,492 | 803,620 |
Gold Rock [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 2,616,384 | 3,815,606 | 1,716,882 | 8,896,401 |
Gold Rock [Member] | Assays And Analysis [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 134,182 | 297,410 | 130,549 | 622,134 |
Gold Rock [Member] | Drilling [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 413,108 | 1,213,340 | 945,484 | 2,678,833 |
Gold Rock [Member] | Engineering And Consulting [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 211,373 | 433,667 | 106,642 | 915,047 |
Gold Rock [Member] | Environmental [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 805,823 | 787,361 | 84,666 | 1,678,744 |
Gold Rock [Member] | Field Office And Supplies [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 204,094 | 314,201 | 55,010 | 598,058 |
Gold Rock [Member] | Legal [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 18,603 | 15,693 | 15,826 | 62,569 |
Gold Rock [Member] | Property Maintenance And Taxes [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 236,411 | 116,829 | 117,658 | 776,934 |
Gold Rock [Member] | Reclamation Costs [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 6,601 | 7,612 | 23,582 | 39,399 |
Gold Rock [Member] | Reproduction And Drafting [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 2,649 | 3,967 | 35,077 | 42,032 |
Gold Rock [Member] | Salaries And Labor [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 508,600 | 545,812 | 177,044 | 1,269,775 |
Gold Rock [Member] | Travel, Transportation And Accommodation [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 74,940 | 79,714 | 25,344 | 212,876 |
Spring Valley [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 105,328 | 141,909 | 285,631 | 20,604,845 |
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 | 80,330 | 41,522 | 191,172 | 2,818,954 |
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 | 2,467 | 7,247 | 255 | 569,267 |
Spring Valley [Member] | Legal [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 7,830 | 63,282 | 70,895 | 506,787 |
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 | -144 | 496,317 |
Spring Valley [Member] | Reclamation Costs [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 11 | 90 | 127 | 30,974 |
Spring Valley [Member] | Reproduction And Drafting [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 88 | 120 | 324 | 30,256 |
Spring Valley [Member] | Salaries And Labor [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 13,518 | 19,434 | 18,382 | 1,292,620 |
Spring Valley [Member] | Travel, Transportation And Accommodation [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 1,084 | 1,818 | 4,620 | 859,627 |
Tonopah [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 84,814 | 232,880 | 1,768,215 | 10,751,676 |
Tonopah [Member] | Assays And Analysis [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | ' | 19,496 | 216,849 | 552,388 |
Tonopah [Member] | Drilling [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | ' | -64 | 780,865 | 2,834,782 |
Tonopah [Member] | Engineering And Consulting [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 2,334 | 18,216 | 283,414 | 4,453,405 |
Tonopah [Member] | Environmental [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 2,271 | ' | 2,440 | 238,409 |
Tonopah [Member] | Field Office And Supplies [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 1,167 | 15,112 | 30,143 | 291,943 |
Tonopah [Member] | Legal [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 30 | 441 | 17,259 | 165,817 |
Tonopah [Member] | Property Maintenance And Taxes [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 70,055 | 79,658 | 114,403 | 708,522 |
Tonopah [Member] | Reclamation Costs [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 282 | 4,912 | 3,377 | 39,520 |
Tonopah [Member] | Reproduction And Drafting [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 7 | 185 | 2,643 | 23,638 |
Tonopah [Member] | Salaries And Labor [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 7,575 | 87,917 | 247,954 | 962,343 |
Tonopah [Member] | Travel, Transportation And Accommodation [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 1,093 | 7,007 | 68,868 | 480,909 |
Golden Eagle [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 10,618 | 85,901 | 231,541 | 577,493 |
Golden Eagle [Member] | Assays And Analysis [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | ' | 10 | ' | 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 | 3,212 | 65,551 | 205,417 | 449,745 |
Golden Eagle [Member] | Field Office And Supplies [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 500 | 3,171 | 80 | 5,936 |
Golden Eagle [Member] | Legal [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 66 | 530 | 1,950 | 22,115 |
Golden Eagle [Member] | Property Maintenance And Taxes [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 3,652 | 8,527 | 9,750 | 33,556 |
Golden Eagle [Member] | Salaries And Labor [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 2,948 | 7,538 | 8,057 | 18,924 |
Golden Eagle [Member] | Travel, Transportation And Accommodation [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 240 | 574 | 6,287 | 21,879 |
Pinyon Project [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 159,780 | ' | ' | 159,780 |
Pinyon Project [Member] | Assays And Analysis [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 555 | ' | ' | 555 |
Pinyon Project [Member] | Engineering And Consulting [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 279 | ' | ' | 279 |
Pinyon Project [Member] | Field Office And Supplies [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 4,399 | ' | ' | 4,399 |
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 | 124,307 | ' | ' | 124,307 |
Pinyon Project [Member] | Reclamation Costs [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 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 | 27,050 | ' | ' | 27,050 |
Pinyon Project [Member] | Travel, Transportation And Accommodation [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 2,573 | ' | ' | 2,573 |
Abandoned Properties [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 64 | 539,871 | 276,350 | 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 | ' | 77,095 | 20,900 | 188,275 |
Abandoned Properties [Member] | Drilling [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | ' | 177,012 | 170,031 | 1,273,920 |
Abandoned Properties [Member] | Engineering And Consulting [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | ' | 57,307 | 33,376 | 3,800,681 |
Abandoned Properties [Member] | Field Office And Supplies [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 3 | 41,305 | 2,275 | 351,354 |
Abandoned Properties [Member] | Foreign Exchange Gain [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | ' | 81,600 |
Abandoned Properties [Member] | Freight [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | ' | 234,956 |
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] | Legal And Accounting [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | ' | 2 | 1,402 | 469,997 |
Abandoned Properties [Member] | Marketing [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | ' | 91,917 |
Abandoned Properties [Member] | Property Maintenance And Taxes [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | ' | 32,653 | 13,693 | 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 | ' | ' | 150 | -39,850 |
Abandoned Properties [Member] | Reclamation Costs [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | ' | 8,301 | 5,164 | 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 | 17 | 121,378 | 17,222 | 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 | 44 | 24,818 | 12,137 | 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 | 209,580 | 951,223 | 10,747 | 2,027,174 |
Property Investigations [Member] | Assays And Analysis [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 12,173 | 23,131 | 1,277 | 210,701 |
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 | 11,229 | 174,734 | ' | 396,354 |
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 | 484 | 5,545 | -38 | 26,023 |
Property Investigations [Member] | Legal [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 297 | ' | ' | 11,249 |
Property Investigations [Member] | Property Maintenance And Taxes [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 185,014 | 709,013 | ' | 1,017,258 |
Property Investigations [Member] | Reclamation Costs [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | ' | ' | 118 | 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 | ' | 27,421 | 7,630 | 38,725 |
Property Investigations [Member] | Travel, Transportation And Accommodation [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 383 | 10,420 | 1,760 | 126,025 |
Segment Subtotal Number One [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 4,873,067 | 5,372,704 | 8,732,859 | 46,423,230 |
Segment Subtotal Number Two [Member] | ' | ' | ' | ' |
Component of Operating Other Cost and Expense [Line Items] | ' | ' | ' | ' |
Exploration costs incurred | 5,128,279 | 5,691,485 | 10,732,615 | 57,912,179 |
Nature_And_Continuance_Of_Oper
Nature And Continuance Of Operations | 12 Months Ended |
Dec. 31, 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 net operating losses for the years ended December 31, 2013, 2012 and 2011 of $17,380,100, $14,734,063, and $18,615,682, respectively, and since inception on May 14, 1996 to December 31, 2013 resulting in an accumulated deficit of $83,990,445; further losses are anticipated in the development of its business. The Company’s cash on hand and working capital at December 31, 2013 is $51,363,302 and $46,249,755, respectively. | |
Recoverability of amounts capitalized for the Company’s mineral properties, other than the Pan Project, are dependent upon the Company’s ability to raise funds or generate profits to enable funds to be available to complete exploration on the mineral properties, identify economically recoverable reserves and develop the mineral properties into profitable projects, or the receipt of adequate proceeds from the sale of such projects. Recoverability of amounts capitalized for the Pan Project is dependent on the Company’s ability to raise funds to complete development of the project and operate it profitability, or the receipt of adequate proceeds from any sale of the project. | |
The Company’s ability to complete its business objectives on a long term basis, including the planned development of the Pan Project, depends in part on its ability to successfully raise additional financing for the capital expenditures required to achieve planned principal operations at the Pan Project. 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. | |
Significant_Accounting_Policie
Significant Accounting Policies | 12 Months Ended | |
Dec. 31, 2013 | ||
Significant Accounting Policies [Abstract] | ' | |
Significant Accounting Policies | ' | |
2.Significant Accounting Policies | ||
(a) Basis of Presentation | ||
These consolidated financial statements have been prepared under accounting principles generally accepted in the United States of America (“US GAAP”). These consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany transactions and balances have been eliminated. | ||
The Company meets the definition of a development stage enterprise under Accounting Standards Codification (“ASC”) Section 910-10-15. The Company is required to provide additional disclosures from its date of inception, or the date the Company was reactivated to undertake development stage activities; therefore, the statement of operations, and comprehensive loss, cash flows and changes in stockholder’s equity include cumulative amounts from May 14, 1996 to December 31, 2013. | ||
Dollar amounts in these consolidated financial statements are in Canadian dollars unless otherwise noted. United States dollar amounts are referred as US$. | ||
(b) Estimates | ||
The preparation of consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Significant areas requiring the use of management estimates include the determination of impairment of mineral properties, equipment and investments, the identification of reserves, useful lives for amortization, valuation allowances for future income tax assets, fair value of non-cash stock-based compensation, fair value of derivative liabilities and reclamation and environmental obligations. Actual results, as determined by future events, may differ from these estimates. | ||
(c) Cash and Cash Equivalents | ||
Cash and cash equivalents include highly liquid investments with original maturities of three months or less. To limit its credit risk exposure for amounts in excess of federally insured limits, the Company places its deposits with financial institutions of high credit standing. | ||
(d) Investments | ||
Investment securities at December 31, 2012 consist of equity securities that are classified as available-for-sale (AFS). | ||
AFS securities are recorded at fair value. Unrealized holding gains and losses, net of the related tax effect, on AFS securities are excluded from earnings and are reported as a separate component of accumulated other comprehensive income until realized. Realized gains and losses from the sale of AFS securities are determined on a specific-identification basis. | ||
A decline in the market value of any AFS security below cost that is deemed to be other-than-temporary results in an impairment to reduce the carrying amount to fair value. To determine whether an impairment is other-than-temporary, the Company considers all available relevant information including the reasons for the impairment, the severity and duration of the impairment, changes in value subsequent to year-end, forecasted performance of the investee, and the general market condition in the geographic area or industry the investee operates in. | ||
(e) Property, Equipment and Mine Development | ||
All items of property, equipment and mine development are carried at cost less accumulated depreciation. Normal maintenance and repairs are charged to operations while expenditures for major maintenance and betterments are capitalized. Gains or losses on disposition are recognized in operations. | ||
Depreciation of property and equipment is computed using straight-line methods over the estimated economic lives, as follows: | ||
Buildings and Leasehold Improvements | 5 years to 27.5 years | |
Computer Equipment and Software | 3 years to 5 years | |
Trucks and Autos | 3 years | |
Office Equipment | 5 years | |
Field Equipment | 5 years | |
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 and construction phase, would be capitalized until the assets are ready for their intended use. When a project commences commercial production, amortization and depletion of capitalized costs will commence and 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 will be computed on a straight-line basis over the estimated economic life. | ||
(f) Mineral Properties | ||
The Company expenses all costs related to the maintenance and exploration of mineral properties in which it has secured rights prior to establishment of commercial feasibility. Mineral property acquisition costs are initially capitalized when incurred. The Company assesses the carrying cost for impairment under ASC 360-10 “Accounting for Impairment or Disposal of Long Lived Assets”. When it has been determined that a mineral property has been deemed economically feasible, the costs then incurred to develop such property and construct a mine are capitalized. The costs of construction and development will be amortized using either straight-line or the units-of-production method over the estimated life of the mine. If mineral properties are subsequently abandoned or impaired, any capitalized costs will be charged to operations. | ||
(g) Asset Retirement Obligations | ||
The Company records the fair value of the liability for closure and removal costs associated with the legal obligations upon retirement and the cost of removal of any tangible long-lived assets. The Company accrues its current portion of ongoing surface disturbance asset retirement obligations within accounts payable and accrued liabilities. As of December 31, 2013 and 2012, these obligations totaled $9,269 and $6,656, respectively. The long term portion of surface disturbance asset retirement obligations are accrued within other long term liabilities. As of December 31, 2013 and 2012, these obligations totaled $51,967 and nil, respectively. | ||
(h) Impairment of Long-Lived Assets | ||
The Company reviews and evaluates its long-lived assets for impairment whenever events or changes in circumstances that would indicate that the related carrying amounts may not be recoverable. Mineral properties in the exploration stage are monitored for impairment based on factors such as the Company's continued right to explore the area, exploration results, technical reports, the Company's continued plans to fund exploration and development programs on the property, future asset utilization, business climate and mineral prices. | ||
If circumstances require a long-lived asset or asset group be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by that asset or asset group, including value beyond proven and probable reserves, to its carrying amount. If the carrying amount of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, impairment is recognized to the extent that the carrying amount exceeds its fair value. Fair value is determined through various valuation techniques, including discounted cash flow models, quoted market values and third-party independent appraisals, as considered necessary. | ||
(i) Share Capital | ||
The Company records proceeds from share issuances, net of issue costs. Shares issued for consideration other than cash are valued at the quoted market price on the closing date for business combinations and at the date of issuance for other non-monetary transactions. | ||
(j) Warrants | ||
The Company accounts for share purchase warrants using the fair value method. Under this method, the value of warrants issued is measured at fair value at the grant date using the Black-Scholes valuation model and is initially recorded as additional paid-in capital and subsequently reclassified to share capital if and when the warrants are exercised. | ||
The value of share purchase warrants issued with an exercise price denominated in a currency other than the Company’s Canadian dollar functional currency is considered a liability and this liability is stated at fair value each reporting period. | ||
(k) Exploration Costs | ||
Exploration costs are charged to expense as incurred. Costs to identify new mineral resources, to evaluate potential resources, and to convert mineral resources into proven and probable reserves are considered exploration costs. | ||
(l) Stock-Based Compensation | ||
The Company measures and records in the financial statements the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award, recognized over the period during which an employee is required to provide services in exchange for such award. Estimates of forfeitures of unvested instruments at the grant date are considered in determining the total compensation to be recognized. Stock-based payments to non-employees are measured at the fair value of consideration received or equity instruments issued, whichever is more reliable and are periodically re-measured until counter party performance is complete. | ||
The offset to the recorded stock-based compensation cost is to additional paid-in capital. Consideration received on the exercise of stock options is recorded as share capital and the related additional paid-in capital is transferred to share capital. | ||
(m) Income Taxes | ||
The Company uses the asset and liability method of accounting for income taxes. Under this method, Deferred income tax assets and liabilities are determined based on differences between the financial statement carrying values of existing assets and liabilities and their respective income tax bases (temporary differences), and losses carried forward. Deferred income tax assets and liabilities are measured using the enacted tax rates which will be in effect when the temporary differences are likely to reverse. The effect on deferred income tax assets and liabilities of a change in tax rates is included in operations in the period in which the change is enacted. The amount of deferred income tax assets recognized is limited to the amount of the benefit that is more likely than not to be realized. | ||
(n) Net (Income) Loss per Share | ||
Basic loss per common share is computed using the weighted-average number of common shares outstanding during the period. Diluted loss per common share amounts are calculated using the weighted-average number of common shares outstanding for the period and include the dilutive impact of preferred stock 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 stock is 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 shares 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. | ||
(o) Foreign Currency Translation | ||
Effective January 1, 2012, the Company changed the functional currency for its U.S. operations to the United States dollar and retained the Canadian dollar as its reporting currency. Canadian operations retained the Canadian dollar as its functional currency. | ||
The financial statements of the Company’s U.S. operations are translated from their functional currency, the United States dollar, to the reporting currency, the Canadian dollar, using the current rate method. Assets and liabilities are translated using the current rate in effect at the balance sheet date and revenues and expenses are translated at the average rate for the period. Adjustments resulting from the translation, if any, are included in accumulated other comprehensive income (loss) in stockholders’ equity. The foreign exchange rate of US$1 to CAD as of December 31, 2013 was 1.0636 (December 31, 2012 – 0.9949). | ||
(p) Fair Value | ||
Determining the fair value of assets and liabilities involves the use of judgment, as some assets and liabilities do not have fair values that are readily determinable. Different techniques may be used to determine fair values, including market prices (where available), appraisals, comparisons to transactions for similar assets and liabilities, and present value of estimated future cash flows, among others. Since these estimates involve the use of significant judgment, they can change as new information becomes available (see Note 4). | ||
(q) Recently Adopted Accounting Standards | ||
In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“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 material impact on the Company’s disclosures or financial statements. | ||
In January 2013, the FASB issued ASU 2013-1, Balance Sheet: Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities, which amended FASB Accounting Standards Codification (“ASC”) Topic 210, Balance Sheet. The main objective in developing this update was to address implementation issues about the scope of ASU 2011-11, Balance Sheet: Disclosures about Offsetting Assets and Liabilities. The amendments clarify that the scope of ASU 2011-11 applies to derivatives accounted for in accordance with Topic 815, Derivatives and Hedging, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset in accordance with ASC 210-20-45 or ASC 815-10-45 or subject to an enforceable master netting arrangement or similar agreement. This provision is effective for fiscal years beginning on or after January 1, 2013. Adoption of this update did not have a material impact on the Company’s disclosures or 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 material impact on the Company’s disclosures or financial statements. | ||
(r) Recently Issued Accounting Standards Updates | ||
In July 2013, the FASB issued 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 is not expected to have a material impact on the Company’s consolidated financial statements. | ||
In March 2013, the FASB issued 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 is not expected to 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 is not expected to have a significant impact on the Company’s consolidated financial statements. | ||
(s) Comparative Figures | ||
Certain of the comparative figures have been reclassified to conform to the presentation in the current year. | ||
Earnings_Per_Share
Earnings Per Share | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Earnings Per Share [Abstract] | ' | |||||||||
Earnings Per Share | ' | |||||||||
3.Earnings Per Share | ||||||||||
The reconciliations between basic and diluted earnings per share are as follows: | ||||||||||
Year Ended | ||||||||||
December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
Basic Loss Per Share: | ||||||||||
Numerator: | ||||||||||
Net Loss Attributable to Common Shareholders | $ | 478,283 | $ | 15,706,856 | $ | 15,527,179 | ||||
Denominator: | ||||||||||
Weighted-Average Common Shares For Basic (Income) Loss Per Share | 129,355,322 | 121,056,319 | 106,992,452 | |||||||
Basic Loss Per Share | $ | - | $ | 0.13 | $ | 0.15 | ||||
Diluted Loss Per Share: | ||||||||||
Numerator: | ||||||||||
Net Loss Attributable to Common Shareholders | $ | 478,283 | $ | 15,706,856 | $ | 15,527,179 | ||||
Effect of Gain on Change in Fair Value of Derivative Preferred Liability | 19,140,415 | - | - | |||||||
Effect of Accretion of Redeemable Preferred Shares | -3,500,736 | - | - | |||||||
Effect of Preferred Shares Dividend | -5,883,478 | - | - | |||||||
Effect of Canadian Corporate Dividend Tax | -1,440,926 | - | - | |||||||
Diluted Loss | $ | 8,793,558 | $ | 15,706,856 | $ | 15,527,179 | ||||
Denominator: | ||||||||||
Weighted-Average Common Shares for Basic Loss Per Share | 129,355,322 | 121,056,319 | 106,992,452 | |||||||
Effect of Dilutive Securities: | ||||||||||
Preferred Series A Shares | 37,837,838 | - | - | |||||||
Stock Options | - | - | - | |||||||
Dilutive Potential Common Shares | 37,837,838 | - | - | |||||||
Total Shares | 167,193,160 | 121,056,319 | 106,992,452 | |||||||
Diluted Loss Per Share | $ | 0.05 | $ | 0.13 | $ | 0.15 | ||||
For the years ended December 31, 2013, 2012 and 2011, preferred shares that could be converted to shares of common stock, nil, 37,837,838 and nil, respectively, were not included in the computation of diluted loss per common share, as the effect of doing so would have been anti-dilutive. | ||||||||||
For the years ended December 31, 2013, 2012 and 2011, the effects of the assumed exercise of the combined stock options and warrants under the treasury stock method of 3,370,000, 3,718,334, and 2,553,335 shares of common stock, respectively, were excluded from the calculation of diluted net loss as the effect would be anti-dilutive due to a net loss to common shareholders. | ||||||||||
Fair_Value_Measurements
Fair Value Measurements | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Fair Value Measurements [Abstract] | ' | ||||||||||||
Fair Value Measurements | ' | ||||||||||||
4.Fair Value Measurements | |||||||||||||
The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible. The Company determines fair value based on assumptions that market participates would use in pricing an asset or liability in the principal or most advantageous market. When considering market participant assumptions in fair value measurements, the following fair value hierarchy distinguishes between observable and unobservable inputs, which are categorized in one of the following levels: | |||||||||||||
· | Level 1 Inputs: Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date. | ||||||||||||
· | Level 2 Inputs: Other than quoted prices included in Level 1 inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability. | ||||||||||||
· | Level 3 Inputs: Unobservable inputs for the asset or liability used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at measurement date. | ||||||||||||
The Company did not have any Level 1 assets or liabilities as of December 31, 2013. The Company’s Level 1 assets as of 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 liability 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’s Level 2 liabilities as of December 31, 2012 also included a liability related to warrants issued as part of a public offering on July 6, 2012 (Note 9). The Company recorded the fair value of the warrant liability using the Black-Scholes option pricing model. | |||||||||||||
The Company did not have any Level 3 assets or liabilities as of December 31, 2013 or 2012. | |||||||||||||
The fair value of these assets and liabilities for financial reporting purposes at December 31, 2013 utilizing the applicable valuation methodology is as follows: | |||||||||||||
Quoted | |||||||||||||
in Active | Significant | ||||||||||||
Markets for | Other | Significant | Total at | ||||||||||
Identical | Observable | Unobservable | December | ||||||||||
Financial Instrument | Assets | Inputs | Inputs | 31, 2013 | |||||||||
Liabilities | |||||||||||||
Preferred Share Liability | $ | - | $ | -8,189,720 | $ | - | $ | -8,189,720 | |||||
Financial instruments measured at fair value as at December 31, 2012 were as follows: | |||||||||||||
Quoted | |||||||||||||
in Active | Significant | ||||||||||||
Markets for | Other | Significant | Total at | ||||||||||
Identical | Observable | Unobservable | December | ||||||||||
Financial Instrument | Assets | Inputs | Inputs | 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 | 12 Months Ended | |||||||||||
Dec. 31, 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 and 250,000 common share purchase warrants of NVX. | ||||||||||||
During the year ended December 31, 2013, the Company wrote off the investment resulting in a realized loss of $43,125. | ||||||||||||
During the year ended December 31, 2012, the Company recorded a net unrealized loss on the common shares of NVX of $56,250 in accumulated other comprehensive income and a net unrealized loss on the NVX Warrants of $8,933 in the Statement of Operations for the difference in the fair value at December 31, 2012 as compared to December 31, 2011. | ||||||||||||
During the year ended December 31, 2011, the Company recorded a net unrealized gain on the common shares of NVX of $13,750 in accumulated other comprehensive income and a net unrealized loss on the NVX Warrants of $15,504 in the Statement of Operations for the difference in the fair value at December 31, 2011 as compared to December 31, 2010. | ||||||||||||
31-Dec-13 | ||||||||||||
Number of | Realized | |||||||||||
Shares | Cost | Gains (Losses) | Fair Value | |||||||||
Available for Sale – Common Shares | 250,000 | $ | 43,125 | $ | -43,125 | $ | - | |||||
31-Dec-12 | ||||||||||||
Number of | Unrealized | |||||||||||
Shares | Cost | 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 | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Property, Equipment And Mine Development [Abstract] | ' | ||||||
Property, Equipment And Mine Development | ' | ||||||
6.Property, Equipment and Mine Development | |||||||
At December 31, 2013 and 2012, property, equipment and mine development consisted of the following: | |||||||
2013 | 2012 | ||||||
Land | $ | 585,974 | $ | 548,125 | |||
Buildings and Leasehold Improvements | 761,670 | 519,699 | |||||
Computer Equipment and Software | 1,403,123 | 944,708 | |||||
Trucks and Autos | 422,975 | 365,747 | |||||
Office Equipment | 248,370 | 190,721 | |||||
Field Equipment | 287,447 | 227,850 | |||||
Mine Development | 14,511,873 | 6,057,111 | |||||
Subtotal | 18,221,432 | 8,853,961 | |||||
Accumulated Depreciation | -1,470,482 | -848,002 | |||||
Totals | $ | 16,750,950 | $ | 8,005,959 | |||
Depreciation expense for the years ended December 31, 2013, 2012, and 2011 was $533,181, $400,131 and $169,694, respectively. The Company evaluates the recoverability of long-lived assets when events and circumstances indicate that such assets might be impaired. Depreciation on Mine Development costs capitalized to date will begin on commencement of commercial production of the Pan Project. | |||||||
Mineral_Properties
Mineral Properties | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Mineral Properties [Abstract] | ' | |||||||||||||||
Mineral Properties | ' | |||||||||||||||
7.Mineral Properties | ||||||||||||||||
The continuity of expenditures on mineral property acquisitions is as follows: | ||||||||||||||||
December 31, | Effect of Changes | December 31, | ||||||||||||||
Mineral Property | 2012 | Additions | Written off | in FX Rates* | 2013 | |||||||||||
Pan | $ | 34,490,915 | $ | 283,194 | $ | - | $ | 1,057,678 | $ | 35,831,787 | ||||||
Gold Rock | 972,245 | 810,118 | - | 102,849 | 1,885,212 | |||||||||||
Spring Valley | 4,790,292 | 31,647 | - | 346,485 | 5,168,424 | |||||||||||
Tonopah | 7,508,054 | 316,635 | - | 134,957 | 7,959,646 | |||||||||||
Golden Eagle | 2,161,420 | - | - | 149,251 | 2,310,671 | |||||||||||
Pinyon | - | 41,265 | - | 3,283 | 44,548 | |||||||||||
$ | 49,922,926 | $ | 1,482,859 | $ | - | $ | 1,794,503 | $ | 53,200,288 | |||||||
December 31, | Effect of Changes | December 31, | ||||||||||||||
Mineral Property | 2011 | Additions | Written off | in FX Rates* | 2012 | |||||||||||
Pan | $ | 34,020,664 | $ | 294,658 | $ | - | $ | 175,593 | $ | 34,490,915 | ||||||
Gold Rock | 863,112 | 322,487 | - | -213,354 | 972,245 | |||||||||||
Spring Valley | 5,099,159 | - | - | -308,867 | 4,790,292 | |||||||||||
Tonopah | 7,324,586 | 298,470 | - | -115,002 | 7,508,054 | |||||||||||
Golden Eagle | 2,255,613 | - | - | -94,193 | 2,161,420 | |||||||||||
Pinyon | - | - | - | - | - | |||||||||||
$ | 49,563,134 | $ | 915,615 | $ | - | $ | -555,823 | $ | 49,922,926 | |||||||
* See Footnote 2(j) – Significant Accounting Policies: Foreign Currency Translation. | ||||||||||||||||
(a)Pan property, Nevada | ||||||||||||||||
The Company assumed the January 7, 2003 mineral lease agreement with Nevada Royalty Corp., Inc. (“NRC”) (formerly Newark Valley Mining Corp., formerly Gold Standard Royalty Corporation and earlier the Lyle Campbell Trust) for a 100% interest in certain of the Pan property claims. On or before January 5th of each year, the Company must pay an advance minimum royalty of the greater of US$60,000 or the US dollar equivalent of 174 ounces of gold valued by the average of the London afternoon fixing for the third calendar quarter proceeding January 1st of the year in which the payment is due. The minimum advance royalties will be creditable against a sliding scale NSR production royalty of between 2.5% and 4%. The Company must incur a minimum of US$65,000 per year for work expenditures, including claim maintenance fees, during the term of the mining lease. On January 1, 2013 the Company paid $283,194 (US$287,448). Subsequent to the year end the Company paid $245,768 (US$231,072) on January 2, 2014. | ||||||||||||||||
The Company also owns 100% of certain adjoining claims acquired by staking. | ||||||||||||||||
(b)Gold Rock property, Nevada | ||||||||||||||||
The Company assumed the March 20, 2006 mineral lease agreement with NRC for a 100% interest in the Gold Rock property. The Company paid an advance minimum royalty of US$30,000 in 2008 and US$45,000 by January 5, 2009. By January 5, 2010 and annually thereafter the Company must pay an advance minimum royalty of the greater of US$60,000 or the US dollar equivalent of 108.05 ounces of gold valued by the average of the London afternoon fixing for the third calendar quarter proceeding January 1 of the year in which the payment is due. The minimum advance royalties will be creditable against a sliding scale NSR production royalty of between 2.5% and 4%. The Company must incur a minimum of US$75,000 per year for work expenditures, including claim maintenance fees, during the term of the mining lease. On January 2, 2013 the Company paid $175,857 (US$178,499). Subsequent to the year end the Company paid $152,616 (US$143,490) on January 2, 2014. | ||||||||||||||||
On January 15, 2007 the Company entered into a mineral lease agreement with Anchor Mineral, Inc. of Kansas, for unpatented mining claims adjoining the Gold Rock project. To maintain the option the Company paid advance minimum royalty payments creditable against a 3.5% NSR production royalty of $6,007 (US$6,000) on June 1, 2008, $12,453 (US$10,000) on January 15, 2009, $20,917 (US$20,000) on January 15, 2010, $29,955 (US$30,000) on January 15, 2011, $68,218 (US$67,476) on January 1, 2012 and $66,579 (US$67,476) on January 8, 2013. Subsequent to January 15, 2010 the advanced minimum royalty is the greater of US$30,000 or the gold equivalent price which is determined by multiplying US$30,000 by a factor of the closing price of gold on the last business day of the fiscal year over the closing price of gold on January 15, 2007. Subsequent to the year end the Company paid $71,768 (US$67,476) on January 2, 2014. | ||||||||||||||||
On January 24, 2008 the Company entered into a mineral lease agreement with Messrs. Peart and Moyle of Nevada for 13 unpatented mining claims over the Easy Junior deposit area. Subsequently Mr. Peart acquired Mr. Moyle’s interest in the subject claims. The Company paid a first annual minimum royalty of $50,220 (US$50,000). Per the agreement the Company paid for year 2 to 6, $60,760 in 2009, $52,293 in 2010, $49,335 in 2011, $50,550 in 2012 and $49,335 in 2013, each of which being the equivalent of US$50,000. The Company is required to make annual minimum royalty payments of US$60,000 for year 7 to 11 and US$75,000 for year 12 and thereafter for the remainder of the fifteen year lease. Per the agreement, subsequent to year end the Company paid $63,816 (US$60,000) on January 2, 2014. The minimum advance royalty payments may be creditable against a production NSR sliding scale royalty ranging from 2% to 6% based on the gold price. The Company has an option to purchase the claims outright for US$5,000,000 with any minimum advance royalty payments creditable against the purchase price. | ||||||||||||||||
On February 13, 2008 the Company entered into a mineral lease agreement with Mr. Pankow of Nevada for two unpatented mining claims adjacent to the Gold Rock project. The Company paid a first annual minimum royalty of $7,727 (US$7,750) and will be required to make annual minimum royalty payments of US$7,750 for years 2 to 6; US$9,250 for years 7 to 11 and US$11,500 for year 12 and thereafter for the remainder of the fifteen year lease. Per the agreement, the Company paid on February 13, 2009 $9,651 (US$7,750), $8,106 (US$7,750) on February 3, 2010, $7,679 (US$7,750) on February 1, 2011, $7,710 (US$7,750) on February 1, 2012 and $7,647 (7,750) on January 8, 2013. The minimum advance royalty payments may be creditable against a production NSR sliding scale royalty ranging from 2% to 5% based on the gold price. The Company has an option to outright purchase the claims for US$775,000 with any minimum advance royalty payments creditable against the purchase price. Subsequent to the year end the Company paid $10,256 (US$9,250) on January 22, 2014. | ||||||||||||||||
On February 13, 2008 the Company was assigned an existing lease on 10 unpatented claims (the “Claims”) adjoining the Gold Rock property by William Sheriff, a director of the Company at the time, in consideration for 30,000 common shares at a value of $88,500 (US$86,215) issued on March 31, 2008. The Company assumed the obligations of the February 15, 2004 underlying lease with Ronny Jordan and paid Mr. Jordan the first annual lease payment of $10,041 (US$10,000). During the term of the lease, annual minimum royalty payments of US$15,000 will be required each February 15 thereafter. On February 15, 2009 the Company paid the year 6 annual payment of $18,680 (US$15,000), on February 1, 2010 paid the year 7 annual payment of $15,688 (US$15,000), on February 1, 2011 the Company paid the year 8 annual payment of $14,864 (US$15,000), on January 30, 2012 the Company paid the year 9 annual payment of $14,987 (US$15,000) and on January 8, 2013 the Company paid the year 10 annual payment of $14,801 (US$15,000). The Company may elect at any time during the life of the agreement to purchase a 50% interest in the Claims for US$1,000,000 and the remaining 50% interest in the Claims may be purchased for another US$1,500,000 with all royalty payments paid prior to the purchase creditable against the purchase price. A 2.5% NSR royalty was retained by Ronny Jordan and a 0.5% NSR royalty was retained by William Sheriff. Subsequent to the year end the Company paid $16,649 (US$15,000) on January 23, 2014. | ||||||||||||||||
(c) | Spring Valley property, Nevada | |||||||||||||||
The Company signed an exploration and option to joint venture agreement (the “Barrick Agreement”) with Barrick Gold Exploration Inc., a wholly owned subsidiary of Barrick Gold Corporation, effective on March 9, 2009, on the Spring Valley gold project that superseded a term sheet executed on October 17, 2008. Barrick is granted the exclusive right to earn a 60% interest in the project by spending US$30,000,000 on the property over five years. Barrick may increase its interest by 10% (70% total) by spending an additional US$8,000,000 in the year immediately after vesting at 60%. 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 construction expenses with the carrying and financing costs plus interest to be recouped by Barrick once production has been established. The Company will coordinate geologic and administrative activities under the direction of Barrick, billing monthly at cost plus an administrative fee of 5%. | ||||||||||||||||
As of December 31, 2013 Barrick has informed the Company that they have completed the expenditure requirement to earn a 70% interest in the Spring Valley property on November 18, 2013. | ||||||||||||||||
Through a series of agreements, amendments and payments; the Company has the option to acquire a 100% interest in the property subject to NSR royalties ranging from 1% to 7% on different claim groups. The Company conveyed a 70% interest in the property to Barrick subject to the terms of the Joint Venture as of February 28, 2014. | ||||||||||||||||
The Company owns the original core package of 44 unpatented claims (the “Spring Valley Claims”). The vendor retained a NSR royalty from commercial production over 500,000 ounces on a sliding scale increasing from 2% to 7% based on changes in gold prices. When the Company acquired the claims, it granted a 1% NSR royalty on lands that were owned by the Company within a one half (½) mile perimeter of the Spring Valley claims. | ||||||||||||||||
In 2009, the Company completed the purchase of 28 claims contiguous to the Spring Valley Claims under the option from September 1, 2003 subject to the vendor’s 2% NSR royalty. | ||||||||||||||||
On April 25, 2006, the Company entered into a mineral lease agreement and option to purchase 12 unpatented lode mining claims for US$600,000. The Company paid $13,580 (US$12,000) on signing, $26,746 (US$24,000) on April 25, 2007 and $36,587 (US$36,000) on April 25, 2008 and each year thereafter to maintain the option. The 2009, 2010, 2011, 2012 and 2013 payments of US$36,000 in each year were paid directly by Barrick. The option payments can be credited against the purchase price. The owner retained a 3% NSR royalty. | ||||||||||||||||
On July 18, 2008, the Company paid its annual payment of $20,836 (US$20,000) to Dave Rowe and Randall Stoeberl to maintain its option to purchase 97 unpatented mining claims. Barrick made the annual 2009, 2010, 2011, 2012 and 2013 payments of US$20,000 directly. Alternatively the Company can purchase these claims for US$600,000 with any payments already paid credited against the total. Mr. Rowe and Mr. Stoeberl retained a 3% NSR royalty from commercial production on these claims. | ||||||||||||||||
On October 30, 2006, the Company entered into a mineral lease agreement and option to purchase two (2) unpatented lode mining claims for a series of annual payments as advances upon a 3% NSR royalties payable. The Company paid $2,252 (US$2,000) on execution, $3,812 (US$4,000) on October 30, 2007, $6,090 (US$5,000) on October 30, 2008 and must pay US$6,000 on each October 30 annually thereafter. For 2009, 2010, 2011, 2012 and 2013, Barrick paid the US$6,000 directly. The Company has the option to purchase each claim for a price of US$100,000. Any advance royalties paid will be credited against the purchase price. | ||||||||||||||||
On June 1, 2007 the Company entered into a mineral lease agreement and option to purchase two (2) unpatented lode mining claims for US$500,000. To maintain the option the Company must make monthly payments of US$1,000. On June 1, 2009 Barrick paid the one-time payment of US$25,000 due at that time. A further series of one-time payments is due: US$150,000 by June 1, 2012; US$150,000 by June 1, 2014; and US$55,000 by June 1, 2017. The 2012 payment of US$15,000 was made by Barrick directly on May 7, 2012. All payments shall be credited towards the purchase price. | ||||||||||||||||
On or prior to the first date of each month, Barrick paid the Company’s US$1,000 a month option payment totaling US$12,000 to George D. Duffy, MS Duffy Mine Properties LLC and the Estate of Margaret Suverkoop Duffy to maintain its option to purchase two unpatented lode mining claims. Alternatively the Company can purchase these claims for US$500,000 with any payments already paid credited against the total. | ||||||||||||||||
On May 5, 2006, the Company purchased land and mineral rights of 920 gross acres, 320 acres net surface, 770 acres net mineral, (the “Seymork Parcel”) from Seymork Investments Ltd. (“Seymork”) for $221,400 (US$200,000), subject to a 3% NSR royalty on any production and sale of metals from the claims. On June 11, 2008 the Court settled a long standing title dispute to this ground validating the Company’s claim to the Seymork Parcel. The settlement allowed the Company to purchase two promissory notes secured against the property for approximately $609,788 (US$598,000) in July 2008. | ||||||||||||||||
In 2010, Barrick, on behalf of the Company, entered into two new agreements within the area of interest of the Barrick Agreement: | ||||||||||||||||
On September 15, 2010 Barrick signed an option agreement with a third party for surface and mineral rights. Option payments totaling US$150,000 are payable over five years of which Barrick paid the first and last year’s lease payments totaling US$56,250. | ||||||||||||||||
On December 2, 2010 Barrick entered into a sub-lease and option agreement with a third party for mineral rights underlying the surface rights acquired by the Company in 2006. The agreement requires Barrick to spend a cumulative amount of US$2,000,000 in work expenditures on the ground leased over a period of six years, and to make advance royalty payments in the amount of US$100,000 per year thereafter, up to a cap of US$2,500,000. The advance royalty payments may be credited against a 3% NSR royalty payable from production on the area of ground leased. | ||||||||||||||||
On June 10, 2011, the Company received a check in the amount of $1,105,543 (US$1,144,929), which the Company subsequently negotiated. The check was accompanied with a letter instructing the Company to apply the funds to the payment of certain specified obligations arising out of the May 5, 2006 agreement between Seymork Investments Limited (“Seymork”) and the Company. On August, 23, 2011, the Company was served with a summons that it is being sued in the State of Nevada by Seymork and TGC Holdings Ltd. (“TGC”). Among other relief, the complaint sought a court declaration that the foregoing sum delivered to the Company fully satisfied Seymork’s obligations arising from that May 5, 2006 agreement and two notes executed by Seymork and held by the Company. | ||||||||||||||||
On March 6, 2012, the Company, Seymork and its principal, and TGC and its parent company entered into a settlement agreement whereby all parties agreed to mutual releases, a joint stipulation for dismissal of the suit and reconveyance of the three deeds of trust securing Seymork’s obligations. As satisfaction for the Company’s participation, the Company retained the US$1,144,929 already received with no further amounts owing to the Company. | ||||||||||||||||
(d)Tonopah property, Nevada | ||||||||||||||||
Through a series of agreements, amendments and payments the Company acquired a 100% interest in the Tonopah property subject only to a sliding scale royalty on Net Smelter Returns (“NSR”) from any commercial production of between 2% to 7%, based on changes in gold prices and an advance minimum royalty, recoverable from commercial production, of US$300,000 per year on each August 15. On July 1, 2013 the Company paid $316,635 (US$300,000). | ||||||||||||||||
(e)Golden Eagle, Washington | ||||||||||||||||
On August 1, 2008 the Company issued 600,000 common shares at US$2.50 per common share for proceeds of US$1,500,000 by way of a private placement to Kinross Gold USA Inc. (“Kinross”); to purchase a 75% interest in the Golden Eagle, Washington, project from Kinross at a cost of $1,537,950 (US$1,500,000) and purchased a 25% interest in the Golden Eagle project from Hecla Limited at a cost of $500,200 (US$483,333), which was paid in cash. Kinross retained a 2% NSR royalty and should the Company elect in the future to toll mill ore from the Golden Eagle property, Kinross has a first right of refusal to toll mill ore at their Kettle River Mill. | ||||||||||||||||
The Company completed the acquisition of the Golden Eagle property through a wholly-owned subsidiary created to hold the property. Title transfer costs were US$32,843 ($40,070). | ||||||||||||||||
In the year ended December 31, 2009, the Company staked additional claims and purchased two additional blocks of land at a cost of $177,393 to expand its Golden Eagle land property package. | ||||||||||||||||
(f)Pinyon, Nevada | ||||||||||||||||
On November 1, 2012, the Company executed an Exploration, Development and Mine Operating Agreement, (the “EDM Agreement”), with Aurion Resources US LLC (“Aurion”), regarding the exploration, evaluation and, if justified, the development of the Pinyon Project. | ||||||||||||||||
Under the terms of the EDM Agreement, Aurion granted the Company exclusive rights to conduct exploration, development and related operations as necessary to meet the Company’s primary contribution that is to total a minimum of $2.0 million over a five year period. During the earn-in period, the Company shall make all payments required under the Genesis Lease in order to maintain the claims related to the Pinyon property. On January 2, 2013 the Company paid $41,265 (US$41,884). Subsequent to year end, the Company paid $73,202 (US$68,824) on January 2, 2014. | ||||||||||||||||
The Company may elect at any time during the earn-in period to terminate the EDM agreement by way of a 30 day written notice. | ||||||||||||||||
(g)Mineral Property Write-Downs | ||||||||||||||||
During 2013 and 2012, the Company did not write down any mineral properties. The following mineral properties were written down for the year ended December 31, 2011: | ||||||||||||||||
(i)Spring Valley Property, Nevada | ||||||||||||||||
On June 10, 2011, the Company received payment in the amount of US$1,144,929, which was applied as partial payment against two promissory notes that were secured against the Seymork parcels. The remaining carrying value of the Seymork parcels $609,788 was subsequently written-off. | ||||||||||||||||
(ii)Burnt Canyon Property, Nevada | ||||||||||||||||
On December 31, 2011, as part of management’s annual review of mineral property holdings it was determined that Burnt Canyon was impaired and was subsequently written-off by the amount of $251,903. | ||||||||||||||||
Reclamation_Deposit
Reclamation Deposit | 12 Months Ended |
Dec. 31, 2013 | |
Reclamation Deposit [Abstract] | ' |
Reclamation Deposit | ' |
8.Reclamation Deposits | |
The Company is required to post bonds with the Bureau of Land Management (“BLM”) for reclamation of disturbances on 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. | |
As of December 31, 2013 the Company had purchased surety bonds for reclamation obligations covering the Company’s exploration projects in the amount of US$846,491. The surety bonds are in place for a one year period through May 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 BLM. | |
At December 31, 2012 the Company had posted reclamation deposits of $853,110 (US$857,525) directly with the BLM. During the year ended December 31, 2013, the full US$857,525 ($871,203) of reclamation deposits were released and refunded back to the Company in connection with the aforementioned surety bonding. | |
As a part of the permitting process for the Pan project, the Company is required to have a reclamation bond of approximately US$15,000,000 held with the BLM prior to commencement of construction. The Company purchased a surety contract for the reclamation bond, which requires the Company to deposit US$3,700,000 into an escrow account as security for abandonment and remediation obligations. The holder of the surety bond may require, at its sole discretion that the Company make additional deposits to the escrow account of up to the US$15,000,000 bond amount. As of December 31, 2013, the Company has paid US$1,500,000 of the US$3,700,000 deposit, which has been recorded in reclamation deposits on the consolidated balance sheet, and intends to remit the remaining US$2,200,000 during 2014. The Company is required to maintain the escrow account until all abandonment and remediation obligations have been completed to the satisfaction of the BLM. Over the life of the Pan project, prior to the completion of all abandonment and remediation obligations, the Company has the right to request a refund of a portion or all of the Pan Project reclamation deposit. Granting of the request is at the Surety’s sole discretion. | |
Share_Capital
Share Capital | 12 Months Ended | |||||||||||||||
Dec. 31, 2012 | ||||||||||||||||
Share Capital [Abstract] | ' | |||||||||||||||
Share Capital | ' | |||||||||||||||
9.Share Capital | ||||||||||||||||
(a)The Company is authorized to issue an unlimited number of common shares at zero par value. | ||||||||||||||||
(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 (US$1,500,000). Each unit consisted of one common share and one non-transferable share purchase to purchase one additional common share at US$2.00 per share that was immediately exercised for proceeds of $2,803,205 (US$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 of 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)In April 2007, the Company issued 7,764,109 common shares at a value of $25,000,431, 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)In August 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)In March 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)In June 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)In August 2008, the Company issued 600,000 common shares at US$2.50 per common share for proceeds of $1,537,950 (US$1,500,000) by way of a private placement with Kinross Gold USA Inc. The Company incurred $39,450 in share issue costs. | ||||||||||||||||
(xxx)In November 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 entitled 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. By May 11, 2009 all of the warrants were exercised. 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)In April 2010, the Company issued 1,333,333 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 entitled 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)In June 2010, the Company issued 11,078,666 units at $0.60 per unit for proceeds of $6,647,199 by way of a brokered public offering in Canada and a non-brokered public offering in the United States. Each unit consisted of one common share and one-half share purchase warrant. Each whole warrant entitled 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, 2012 at an exercise price of $0.80. These warrants have been recorded at the estimated fair value at the issue date of $212,109. 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 US$0.60 per unit, each unit comprising one common share and one half of one non-transferable common share purchase warrant. Each whole warrant entitled the holder to purchase one common share of the Company at a price of US$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 US$1.60 per share. Gross proceeds on the purchase were $11,742,000 (US$12,000,000). The Company incurred $151,839 in issue costs and paid the agent $587,100 (US$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 were to be made through the facilities of any Canadian exchange. Any ATM issuances were to be made at market prices prevailing at the time of the sale and, as a result, prices varied. During the years ended December 31, 2013 and 2012, the Company issued nil and 69,110 shares, respectively, pursuant to the ATM program. Proceeds received on the 69,110 common shares issued totalled $100,434. The ATM issuance program was terminated at the Company’s discretion on July 29, 2013. During the term of the program, the Company issued a total of 637,736 shares and received net proceeds of $1,554,957. | ||||||||||||||||
(xxxix)In July 2012, the Company closed a public offering and issued 12,261,562 units at US$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 US$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 US$15,694,799 were allocated first to the fair value of the warrants at US$2,616,006 with the residual amount of US$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 expensed during Q3 of 2012. | ||||||||||||||||
(xl)During 2012 the Company issued 1,533,650 common shares pursuant to the exercise of share purchase warrants. Proceeds received on the 1,533,650 common shares issued totalled $1,226,920. | ||||||||||||||||
Additionally, during 2012, the Company issued 737,501 common shares pursuant to the exercise of employee stock options. Proceeds received on the options exercised totalled $425,685. | ||||||||||||||||
(xli)On July 2, 2013, the Company issued 1,166,930 shares at a fair value of $1,253,352 for the payment of the quarterly dividends on the Series A Preferred Shares, net of withholding taxes (Note 10). | ||||||||||||||||
(xlii)On October 1, 2013, the Company issued 1,260,144 shares in the amount of $1,242,549 for the payment of the quarterly dividends on the Series A Preferred Shares, net of withholding taxes (Note 10). | ||||||||||||||||
Additionally, during 2013, the Company issued 37,500 common shares pursuant to the exercise of employee stock options. Proceeds received on the options exercised totalled $21,000. | ||||||||||||||||
(c)Stock Options | ||||||||||||||||
The Company has an incentive share option plan that allows it to grant stock options to its officers, directors, employees and consultants. The incentive share option plan was amended on May 12, 2008 (the “2008 Stock Option Plan”) and then replaced when 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 is 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 of the Board of Directors of the Company 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 based on historical experience for options granted. 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 during the years ended December 31, 2013, 2012 and 2011 is included in the consolidated statement of operations as follows: | ||||||||||||||||
Year Ended December 31, | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Salaries and Benefits | $ | 920,197 | $ | 1,358,661 | $ | 3,096,787 | ||||||||||
Mineral Exploration Expenditures | 186,534 | 175,498 | 312,794 | |||||||||||||
Consulting | 67,778 | 58,981 | 217,100 | |||||||||||||
Total | $ | 1,174,509 | $ | 1,593,140 | $ | 3,626,681 | ||||||||||
2008 Stock Option Plan – TSX Stock Exchange | ||||||||||||||||
The estimated unrecognized compensation cost from unvested options as of December 31, 2013 was $324,428, which is expected to be recognized over the weighted average remaining vesting period of 1.2 years, and has a weighted average remaining contractual term of 2.36 years. | ||||||||||||||||
The weighted average grant date fair value of options is summarized below for the three years ended December 31: | ||||||||||||||||
December 31, | December 31, | December 31, | ||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Unvested Beginning of Year | $ | 2.12 | $ | 1.80 | $ | 0.63 | ||||||||||
Granted | 0.55 | 1.89 | 1.81 | |||||||||||||
Vested | 0.97 | 1.15 | 1.12 | |||||||||||||
Expired | 0.97 | 1.46 | 1.70 | |||||||||||||
Unvested End of Period | $ | 0.55 | $ | 2.12 | $ | 1.80 | ||||||||||
The Company utilized the Black-Scholes option pricing model with the following weighted-average assumptions in calculating the fair value of the options issued during the years ended December 31, 2013, 2012 and 2011: | ||||||||||||||||
December 31, | December 31, | December 31, | ||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Weighted-Average Risk-Free Rate | 0.21 | % | 1.47 | % | 1.29 | % | ||||||||||
Dividend Yield | - | - | - | |||||||||||||
Expected Life in Years | 3.07 | 3.57 | 3.26 | |||||||||||||
Volatility | 73.06 | % | 112.91 | % | 113.32 | % | ||||||||||
The following table summarizes annual activity for all stock options for each of the three years ended December 31: | ||||||||||||||||
Weighted | ||||||||||||||||
Average | Aggregate | Number of | ||||||||||||||
Number of | Exercise | Intrinsic | Shares | |||||||||||||
Shares | Price | Value | Exercisable | |||||||||||||
Outstanding, January 1, 2011 | 6,460,000 | $ | 1.05 | $ | 652,367 | 5,341,667 | ||||||||||
Granted | 3,870,000 | 1.80 | - | - | ||||||||||||
Exercised | -729,997 | 0.62 | 50,866 | - | ||||||||||||
Cancelled | -718,335 | 2.15 | - | - | ||||||||||||
Outstanding, December 31, 2011 | 8,881,668 | $ | 1.36 | $ | 6,318,733 | 5,341,667 | ||||||||||
Granted | 250,000 | 1.89 | - | - | ||||||||||||
Exercised | -737,501 | 0.58 | 255,292 | - | ||||||||||||
Cancelled | -576,666 | 2.73 | - | - | ||||||||||||
Outstanding, December 31, 2012 | 7,817,501 | $ | 1.35 | $ | 2,570,692 | 7,082,504 | ||||||||||
Granted | 2,745,000 | 1.14 | - | - | ||||||||||||
Exercised | -37,500 | 0.56 | - | - | ||||||||||||
Cancelled | -879,167 | 1.55 | - | - | ||||||||||||
Outstanding, December 31, 2013 | 9,645,834 | $ | 1.27 | $ | 632,800 | 8,122,490 | ||||||||||
The following table summarizes information about outstanding stock options as of December 31, 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 | 4,096,667 | 1.2 | $ | 0.73 | 4,096,667 | $ | 0.73 | $ | 632,800 | |||||||
$1.01 - $1.60 | 2,481,667 | 4.1 | 1.18 | 958,323 | 1.22 | - | ||||||||||
$1.61 - $2.20 | 3,017,500 | 2.5 | 2.07 | 3,017,500 | 2.07 | - | ||||||||||
$2.21 - $2.80 | 50,000 | 2.6 | 2.34 | 50,000 | 2.34 | - | ||||||||||
9,645,834 | 2.4 | $ | 1.27 | 8,122,490 | $ | 1.30 | $ | 632,800 | ||||||||
2013 Stock Option Plan – NYSE MKT Stock Exchange | ||||||||||||||||
The estimated unrecognized compensation cost from unvested options as of December 31, 2013 was $135,273, which is expected to be recognized over the weighted average remaining vesting period of 2.77 years, and has a weighted average remaining contractual term of 4.80 years. | ||||||||||||||||
The weighted average grant date fair value of options is summarized below for the three years ended December 31: | ||||||||||||||||
December 31, | December 31, | December 31, | ||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Unvested Beginning of Year | $ | - | $ | - | $ | - | ||||||||||
Granted | 0.41 | - | - | |||||||||||||
Vested | - | - | - | |||||||||||||
Expired | - | - | - | |||||||||||||
Unvested End of Period | $ | 0.41 | $ | - | $ | - | ||||||||||
The Company utilized the Black-Scholes option pricing model with the following weighted-average assumptions in calculating the fair value of the options issued during the years ended December 31, 2013, 2012 and 2011: | ||||||||||||||||
December 31, | December 31, | December 31, | ||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Weighted-Average Risk-Free Rate | 0.12 | % | N/A | N/A | ||||||||||||
Dividend Yield | - | N/A | N/A | |||||||||||||
Expected Life in Years | 2.95 | N/A | N/A | |||||||||||||
Volatility | 69.96 | % | N/A | N/A | ||||||||||||
The following table summarizes annual activity for all stock options for each of the three years ended December 31: | ||||||||||||||||
Number of Shares | Weighted Average Exercise Price (US$) | Aggregate Intrinsic Value (US$) | Number of Shares Exercisable | |||||||||||||
Outstanding, January 1, 2013 | - | $ | - | $ | - | - | ||||||||||
Granted | 399,000 | 0.87 | - | - | ||||||||||||
Exercised | - | - | - | - | ||||||||||||
Cancelled | - | - | - | - | ||||||||||||
Outstanding, December 31, 2013 | 399,000 | $ | 0.87 | $ | - | - | ||||||||||
The following table summarizes information about outstanding stock options as of December 31, 2013: | ||||||||||||||||
Options Outstanding | Options Exercisable | |||||||||||||||
Exercise Prices | Number of Shares | Remaining Contractual Life (years) | Weighted Average Exercise Price (US$) | Number Exercisable | Weighted Average Exercise Price (US$) | Aggregate Intrinsic Value (US$) | ||||||||||
$0.56 - $1.00 | 399,000 | 4.8 | $ | 0.87 | - | $ | - | $ | - | |||||||
$1.01 - $1.60 | - | - | - | - | - | - | ||||||||||
$1.61 - $2.20 | - | - | - | - | - | - | ||||||||||
$2.21 - $2.80 | - | - | - | - | - | - | ||||||||||
399,000 | 4.8 | $ | 0.87 | - | $ | - | $ | - | ||||||||
(d) | Share Purchase Warrants | |||||||||||||||
On April 9, 2010 the Company issued 1,333,333 warrants as part of a unit by way of a private placement. Each warrant entitled the holder to purchase one additional common share at $0.80 per share if exercised on or before April 9, 2011 and $0.90 if exercised after April 9, 2011 but on or before they expire on October 9, 2011. The Company recorded a relative fair value of $285,635 for these warrants. The fair value of each warrant issued was calculated using the Black-Scholes option pricing model with the following assumptions: expected life of 18 months; volatility of 130%; no dividend yield; and a risk free interest rate of 1.84%. | ||||||||||||||||
On June 16, 2010 the Company issued 5,539,333 warrants as part of a unit by way of a public offering as well as 658,840 warrants issued to agents on the same terms as the unit warrant. Each warrant entitled the holder to purchase one additional common share at $0.80 per share until June 16, 2012. The Company recorded a relative fair value of $1,504,997 as to warrants and a value of $212,109 for the agents’ warrants. The fair value of each warrant issued was calculated using the Black-Scholes option pricing model with the following assumptions: expected life of 24 months; volatility of 131%; no dividend yield; and a risk free interest rate of 1.82%. | ||||||||||||||||
On November 22, 2010 the Company issued 3,330,000 warrants as part of a unit by way of a public offering. Each warrant entitled the holder to purchase one additional common share at US$0.90 per share until November 22, 2012 subject to acceleration provisions. The Company recorded a fair value of $918,870 to warrant liability. On November 22, 2010 the fair value of each warrant issued was calculated using the Black-Scholes option pricing model with the following assumptions: expected life of 24 months; volatility of 102%; no dividend yield; and a risk free interest rate of 1.57% and an exchange rate of 1.0187. | ||||||||||||||||
On December 31, 2010 the warrant liability was adjusted to $1,562,544 when the warrants were fair valued with the following assumptions: expected life of 22.7 months; volatility of 118%; no dividend yield; and a risk free interest rate of 1.70% and an exchange rate of 0.9946. | ||||||||||||||||
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. | ||||||||||||||||
On July 6, 2012 the Company issued 6,130,781 warrants as part of a unit by way of a public offering. Each warrant entitles the holder to purchase one additional common share at US$1.85 per share until January 6, 2014 subject to acceleration provisions. US 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 recorded a fair value of $2,616,006 to warrant liability on July 6, 2012, calculated using the Black-Scholes option pricing model with the following assumptions: expected life of 18 months; volatility of 76%; no dividend yield; and a risk free interest rate of 0.29% and an exchange rate of 1.0186. As of December 31, 2012, the fair value of the warrant liability was adjusted to $1,166,381, calculated using the following assumptions: expected life of 12.02 months; volatility of 59%; no dividend yield; and a risk free interest rate of 0.18% and an exchange rate of 0.9949. As of December 31, 2013, the fair value of the warrant liability was adjusted to zero based upon the stock price of $0.81 compared to the exercise price of $1.85 and only six days remaining on the warrants term. The gain of $1,166,381 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 year ended December 31, 2013, respectively. | ||||||||||||||||
A summary of the Company’s stock purchase warrant activity for each of the three years ended December 31 is presented below: | ||||||||||||||||
Weighted | Remaining | |||||||||||||||
Number of | Average | Contractual Life | ||||||||||||||
Warrants | Exercise Price | (in years) | ||||||||||||||
Balance, December 31, 2010 | 10,849,006 | $ | 0.83 | 1.20 | ||||||||||||
Issued | - | - | - | |||||||||||||
Exercised | -8,611,356 | 0.76 | - | |||||||||||||
Expired | -680,000 | 0.90 | - | |||||||||||||
Balance, December 31, 2011 | 1,557,650 | 0.80 | 0.40 | |||||||||||||
Issued | 6,130,781 | 1.85 | 1.27 | |||||||||||||
Exercised | -1,533,650 | 0.80 | - | |||||||||||||
Expired | -24,000 | 0.80 | - | |||||||||||||
Balance, December 31, 2012 | 6,130,781 | 1.85 | 1.02 | |||||||||||||
Issued | - | - | - | |||||||||||||
Exercised | - | - | - | |||||||||||||
Expired | - | - | - | |||||||||||||
Balance, December 31, 2013 | 6,130,781 | $ | 1.85 | 0.02 | ||||||||||||
Total outstanding warrants at December 31, 2013 and 2012 were 6,130,781. The exercise price on all warrants outstanding was US$1.85 per share. The warrants are exercisable immediately upon issuance and expire eighteen months from the date of issuance. Subsequent to year end on January 6, 2014 the warrants expired with the balance of 6,130,781 warrants originally issued expiring unexercised. | ||||||||||||||||
Redeemable_Preferred_Stock
Redeemable Preferred Stock | 12 Months Ended | ||||||||||||||
Dec. 31, 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 US$1.85 per share for gross proceeds of $68,936,000 (US$70,000,000) by way of a private placement. The Company incurred $640,844 in share issuance costs, of which the Company proportionately allocated $229,578 to the embedded derivative liability and the remaining share issuance costs of $411,266 are presented net of the Redeemable preferred stock on the Consolidated Balance Sheet. The Series A Preferred Shares are a participating security as defined under ASC 260, in that the security participates in dividends with common stock and has rights to earnings (additional-paid-in-capital in the absence of earnings) that otherwise would have been available to common shareholders. There is an eight percent (8%) annual dividend, compounding monthly, payable quarterly on the Series A Preferred Shares. The first payment of dividends was on April 1, 2013 and each dividend is payable thereafter on the first business day of the subsequent quarters during the term of the Series A Preferred Shares. At the Company’s option, it may pay the 8% dividend with common shares, 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 | |||||||||||||||
Preferred Series A Holders | 19-Dec-13 | 23-Dec-13 | 0.04 | 1,515,845 | 2-Jan-14 | Shares | |||||||||
1,485,728 shares | |||||||||||||||
$ | 0.16 | $ | 6,162,050 | ||||||||||||
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 year ended December 31, 2013, resulted in a Canadian corporate “Part VI.1” current tax payable of $1,440,926, $1,036,551 of which was remitted on February 26, 2014 for dividends paid during 2013. The Company is entitled to a deduction for Canadian 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 a common share 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 US$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 any portion of the Series A Preferred Shares on a one-for-one basis plus accumulated unpaid dividends. | |||||||||||||||
If the outstanding Series A Preferred Shares had been converted as of December 31, 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 as of December 31, 2013 of US$0.81 would have been US$30,648,649. If the common share price was above US$1.85, there would be no change to the number of common shares issued upon conversion. | |||||||||||||||
Holders of the Series A Preferred Shares, subject to the approval of the majority of the holders of the Company’s common shares, have the right to nominate and elect, voting as a class, one (1) director to the Company’s Board. If the size of the Company’s Board is increased beyond seven (7) members, increases will occur in increments of two (2) and the “Preferred Governance Majority” will have the right to designate one (1) of the two director nominees for election or appointment as director. The Preferred Governance Majority has the right to fill any vacancy of the preferred shareholder director position. The Company agreed to seek shareholder approval for the Series A Preferred Shares director election and appointment rights at the Company’s next annual meeting and at each annual and special meeting of the shareholders until such rights are approved. | |||||||||||||||
If the Company is unable to redeem any Series A Preferred Shares two (2) years after a demand for redemption, then, subject to a special separate resolution of the holders of common shares and provided it is permitted by the Company’s articles, as amended, the holder of Series A Preferred Shares are to be entitled to (i) as a single class, vote to elect a majority of our Board, and (ii) in the event that our articles do not permit a single class of our shareholders to elect a majority of our Board sell, as may be permitted by applicable law, on our behalf, our assets, in such holder’s discretion, that are sufficient to redeem any Series A Preferred Shares. The proposal of this special separate resolution of the holders of our common shares failed to pass during our 2013 Annual General and Special meeting of shareholders. | |||||||||||||||
Upon liquidation, dissolution or winding-up, the holders of the Series A Preferred Shares are entitled to a liquidation preference equal to 125% of the initial issue price of US$1.85 prior and in preference to any distribution to the holders of our common shares. | |||||||||||||||
In addition, 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. | |||||||||||||||
US 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 feature is denominated in a foreign currency, the Company bifurcated the Series A Preferred Shares and recorded an embedded derivative liability for the conversion feature of the Series A Preferred Shares. An independent third party valuation company has performed a valuation of the associated liability based upon the terms of the agreement. The fair value of the embedded derivative liability as of December 31, 2012 was $27,330,135. 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 December 31, 2013 was $8,189,720. The gain of $19,140,415 has been reported in Other Income in the Consolidated Statement of Operations, for the year ended December 31, 2013 (2012 – $2,863,867 loss). The inputs used in determining the fair values as of December 31, 2012 and 2013 are as shown below: | |||||||||||||||
Year Ended December 31, | Fair Value | Volatility | Credit Spread | Common Stock Closing Price (USD) | Risk -Free Rate | Exchange Rate | |||||||||
2013 | $ | 8,189,720 | 47.1% | 17.7% | $ | 0.81 | 1.37% | 1.0636 | |||||||
2012 | 27,330,135 | 50.8% | 20.0% | 1.39 | 0.84% | 0.9949 | |||||||||
Below is a reconciliation of the initial proceeds to the opening balance of the Redeemable Preferred Stock as of December 13, 2012: | |||||||||||||||
Redeemable Preferred Shares | |||||||||||||||
Initial Proceeds | $ | 68,936,000 | |||||||||||||
Direct Issue Costs Allocated to Preferred Shares | -411,266 | ||||||||||||||
Bifurcated Embedded Derivative Liability | -24,695,846 | ||||||||||||||
Balance at December 13, 2012(1) | $ | 43,828,888 | |||||||||||||
(1)The $25,107,112 difference between the carrying amount at December 13, 2012 and the initial redemption amount, including the effect of changes in the redemption amount due to foreign currency fluctuations, will be accreted using the effective interest method from the execution of the contract on December 13, 2012 to the redemption right date of five years. Dividends and accretion on the Series A Preferred Shares are charged to additional paid-in capital, and are deducted in computing net income or loss attributable to common shareholders. If the outstanding Series A Preferred Shares were redeemable as of December 31, 2013, the redemption amount would have been $75,967,845. | |||||||||||||||
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 | 3,500,736 | ||||||||||||||
Preferred Share Cumulative Dividend | 5,883,478 | ||||||||||||||
Declared Preferred Share Cumulative Dividend | -6,162,050 | ||||||||||||||
Share Issuance Costs | -314 | ||||||||||||||
Balance as of December 31, 2013 | $ | 47,482,972 | |||||||||||||
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive (Income) Loss | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Accumulated Other Comprehensive (Income) Loss [Abstract] | ' | |||||||||
Accumulated Other Comprehensive (Income) Loss | ' | |||||||||
11. Accumulated Other Comprehensive (Income) Loss | ||||||||||
The components of AOCI as of December 31, 2013 were as follows: | ||||||||||
Unrealized (Gain) Loss on Investment | Currency Translation Adjustment | Total AOCI | ||||||||
Balance as of December 31, 2011 | $ | -26,875 | $ | - | $ | -26,875 | ||||
Other Comprehensive (Income) Loss Before Reclassifications | 56,250 | 406,969 | 463,219 | |||||||
Amounts Reclassified from Accumulated Other Comprehensive Income | - | - | - | |||||||
Balance as of December 31, 2012 | $ | 29,375 | $ | 406,969 | $ | 436,344 | ||||
Other Comprehensive (Income) Loss Before Reclassifications | 13,750 | -2,533,892 | -2,520,142 | |||||||
Amounts Reclassified to (Income) Loss | -43,125 | - | -43,125 | |||||||
Balance as of December 31, 2013 | $ | - | $ | -2,126,923 | $ | -2,126,923 | ||||
On October 26, 2010, as consideration of certain area of interest obligations of NVX that applied to the Roberts Gold project, the Company was issued 250,000 common shares of NVX. | ||||||||||
During the year ended December 31, 2013, the Company wrote off the investment resulting in a realized loss of $43,125 which was reclassified out of AOCI and is reported within Other Income (Expense) within the Consolidated Statement of Operations for the twelve months ended December 31, 2013. | ||||||||||
Commitments_And_Contingencies
Commitments And Contingencies | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Commitments And Contingencies [Abstract] | ' | |||||||||||||||
Commitments And Contingencies | ' | |||||||||||||||
12.Commitments and Contingencies | ||||||||||||||||
The Company has obligations under operating leases for its corporate offices in Englewood, Colorado until 2020, field offices in Ely, Nevada until 2014 and office equipment until 2015. Future minimum lease payments for non-cancellable leases with initial lease terms in excess of one year are included. | ||||||||||||||||
The Company has signed unconditional purchase obligation agreements relating to the development of the Pan project which as of December 31, 2013 committed the Company to $5,823,334 of capital expenditures and financing costs payable during 2014. In addition, the Company has information technology service contracts which expire during 2014. | ||||||||||||||||
Fiscal Year | ||||||||||||||||
2014 | 2015 - 2016 | 2017 - 2018 | Thereafter | Total | ||||||||||||
Operating Lease Obligations | $ | 326,731 | $ | 588,959 | $ | 586,444 | $ | 427,615 | $ | 1,929,749 | ||||||
Contractual Obligations | 5,868,679 | 5,531 | 2,553 | - | 5,876,763 | |||||||||||
Total | $ | 6,195,410 | $ | 594,490 | $ | 588,997 | $ | 427,615 | $ | 7,806,512 | ||||||
The Company is subject to litigation, claims and governmental and regulatory proceedings arising in the ordinary course of business. It is the opinion of the Company’s management that current claims and litigation involving the Company are not likely to have a material adverse effect on its consolidated financial position, cash flows or results of operations. | ||||||||||||||||
Related_Party_Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2013 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions | ' |
13.Related Party Transactions | |
The Company entered into a consulting agreement with its former Chief Financial Officer, Mr. Fritz Schaudies, effective August 20, 2013 to act as the Interim Chief Financial Officer of the Company following the resignation of Mr. John Labate as Chief Financial Officer on August 19, 2013. The agreement extended until December 5, 2013, at which point Mr. Schaudies resigned as Interim Chief Financial Officer. During the year ended December 31, 2013, the Company incurred consulting fees totaling $61,994 under the agreement. As of December 31, 2013 there was no remaining amount due to Mr. Schaudies under the agreement. | |
On May 19, 2012, the Company entered into a consulting agreement with its former Chief Executive Officer for a term of twelve months. Under this agreement, the former Chief Executive Officer provided advisory services from time to time to the Company. For years ended December 31, 2013 and 2012, the Company incurred consulting fees totaling $65,776 and $110,723, respectively, to the former Chief Executive Officer under this agreement. As of December 31, 2013 there was no remaining amount due under the agreement. | |
For the year ended December 31, 2011, the Company paid consulting fees of $34,500 to a company controlled by the former Chief Financial Officer of the Company for accounting and corporate compliance services. The Company’s former Chief Financial Officer resigned effective March 18, 2011, but remained as Corporate Secretary until just prior to the Annual General Meeting on May 5, 2011. | |
Amounts payable to directors and officers, included in accounts payable and accrued liabilities at December 31, 2013 and 2012 were $27,730 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 | 12 Months Ended |
Dec. 31, 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, accounts payable and accrued liabilities approximate their fair values due to the short term nature of these instruments. Accounts payable and accrued liabilities as of December 31, 2013 were $2,879,730, compared to $1,710,674 as of December 31, 2012. Investments as of December 31, 2012 are recorded at fair value (Note 4). | |
Supplemental_Disclosures_Of_Ca
Supplemental Disclosures Of Cash Flow Information | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Supplemental Disclosures Of Cash Flow Information [Abstract] | ' | |||||||||
Supplemental Disclosures Of Cash Flow Information | ' | |||||||||
15.Supplemental Disclosure with Respect to Cash Flows | ||||||||||
Year Ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
Interest Paid | $ | - | $ | - | $ | - | ||||
Income Taxes Paid | - | - | - | |||||||
Preferred Share Cumulative Dividend, including Accrual | 5,883,478 | 278,572 | - | |||||||
Accretion of Redeemable Preferred Shares | 3,500,736 | 153,662 | - | |||||||
Common Share Issuance for Payment of Preferred Dividend | 2,495,901 | - | - | |||||||
Transfer of Fair Value of Share Purchase Warrants Exercised or Expired from Warrant Liability (Note 9) to Share Capital | - | - | 2,154,570 | |||||||
Income_Taxes
Income Taxes | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Income Taxes [Abstract] | ' | |||||||||
Income Taxes | ' | |||||||||
16. Income Taxes | ||||||||||
Deferred income taxes have been provided for temporary differences that exist between the financial reporting and income tax basis of assets and liabilities and have been classified as either current or non-current based upon the related assets or liabilities. | ||||||||||
The sources of income (loss) before incomes taxes were as follows: | ||||||||||
2013 | 2012 | 2011 | ||||||||
Canada | $ | 8,444,079 | $ | -3,684,614 | $ | -3,225,471 | ||||
United States | -1,383,007 | -12,432,412 | -14,904,486 | |||||||
Income (Loss) Before Income Taxes | $ | 7,061,072 | $ | -16,117,026 | $ | -18,129,957 | ||||
Income tax expense (benefit) attributable to income (loss) before income taxes consists of: | ||||||||||
2013 | 2012 | 2011 | ||||||||
Current: | ||||||||||
Canada | $ | 1,440,926 | $ | - | $ | - | ||||
United States | - | - | - | |||||||
Total Current | $ | 1,440,926 | $ | - | $ | - | ||||
Deferred: | ||||||||||
Canada | $ | 3,283,165 | $ | -301,519 | $ | -4,200,400 | ||||
United States | -3,503,337 | -3,952,996 | -457,430 | |||||||
Valuation Allowance | -3,065,613 | 3,412,111 | 2,055,052 | |||||||
Total Deferred | $ | -3,285,785 | $ | -842,404 | $ | -2,602,778 | ||||
Income tax expense (benefit) attributable to income (loss) before income taxes differed from the amounts computed by applying the Canadian federal income tax rate of 25.75% to income (loss) before income taxes as a result of the following: | ||||||||||
2013 | 2012 | 2011 | ||||||||
Canadian Statutory Income Tax Rate | 25.75% | 25.00% | 26.50% | |||||||
Income Tax Expense (Benefit) Computed at Canadian Statutory Rate | $ | 1,866,907 | $ | -4,029,257 | $ | -4,896,766 | ||||
Increase (Reduction) in Income Taxes Resulting from: | ||||||||||
Change in Valuation Allowance | -1,687,835 | 3,412,111 | 2,055,052 | |||||||
Change in Fair Value of Warrant Derivative | -5,228,955 | - | - | |||||||
Change in Effective Tax Rate | -442,995 | - | - | |||||||
Other Permanent Differences | 258,576 | 783,449 | 716,880 | |||||||
Foreign Tax Rates | -1,179,148 | -1,118,917 | -652,162 | |||||||
Tax on Preferred Dividends Net of Deduction | 138,753 | - | - | |||||||
Capital Gain Tax Rate Difference | -536,900 | - | - | |||||||
Tax Impact Related to Restructuring | 4,183,716 | - | - | |||||||
Expiration of Losses and Other | 783,022 | 110,210 | 174,218 | |||||||
Income Tax Recovery | $ | -1,844,859 | $ | -842,404 | $ | -2,602,778 | ||||
The tax effects of temporary differences that give rise to significant portions of the deferred tax assets (liabilities) as of December 31 are as follows: | ||||||||||
2013 | 2012 | |||||||||
Deferred Income Tax Assets: | ||||||||||
Canada: | ||||||||||
Equipment, Mineral Properties and Other | $ | 1,195,568 | $ | 1,044,609 | ||||||
Non-Capital Losses Carried Forward | 1,065,819 | 1,870,428 | ||||||||
Capital Losses Carried Forward | 408,527 | 909,064 | ||||||||
United States: | ||||||||||
Equipment, Mineral Properties and Other | 10,449,599 | 9,405,759 | ||||||||
Losses Carried Forward | 12,040,451 | 7,472,016 | ||||||||
Total Deferred Income Tax Assets | 25,159,964 | 20,701,876 | ||||||||
Valuation Allowance: | ||||||||||
Canada | -1,962,653 | -3,824,102 | ||||||||
United States | -15,532,946 | -14,484,161 | ||||||||
Deferred Income Tax Assets, Net | $ | 7,664,365 | $ | 2,393,613 | ||||||
Deferred Income Tax Liabilities: | ||||||||||
Canada: | ||||||||||
Mineral Properties | $ | -707,261 | $ | - | ||||||
United States: | ||||||||||
Mineral Properties | -6,957,104 | -5,566,126 | ||||||||
Deferred Income Tax Liabilities | -7,664,365 | -5,566,126 | ||||||||
Net Deferred Income Tax Assets (Liabilities) | $ | - | $ | -3,172,513 | ||||||
As of December 31, 2013 and 2012, the Company has non-capital losses for tax purposes in Canada and the United States of approximately $4,103,000 (2012- $11,490,000) and $32,512,000 (2012 - $22,060,000), respectively, which can be applied to reduce taxable income until 2033. The Company also has Canadian capital losses of approximately $7,273,000 (2012 - $7,273,000) which are available indefinitely. | ||||||||||
The Company is currently open to audit under the statute of limitations by the Canada Revenue Agency for years ended December 31, 2007 through December 31, 2013 and by the United States Internal Revenue Service for years ended December 31, 2010 through December 31, 2013. The Company did not have any unrecognized tax benefits as of the years ended December 31, 2013 or 2012. | ||||||||||
The Company records tax related penalties and interest in tax expense. For the years ended December 31, 2013 and 2012 no penalties or interest have been incurred. | ||||||||||
The Company has determined that it is not more likely than not that it will utilize some of its deferred tax assets and has recorded a valuation allowance for the years ended December 31, 2013 and 2012 of $17,495,599 and $18,308,263, respectively, to value its deferred tax assets and liabilities at their expected realizable value. | ||||||||||
Retirement_Savings_Plan
Retirement Savings Plan | 12 Months Ended |
Dec. 31, 2013 | |
Retirement Savings Plan [Abstract] | ' |
Retirement Savings Plan | ' |
17. Retirement Savings Plan | |
The Company sponsors an employee-directed 401(k) savings plan (the “401(k) Plan”) for all eligible employees over the age of 18. Under the 401(k) Plan, employees may make voluntary contributions based upon a percentage of their pretax income. | |
The Company began matching 50% of each employee’s contribution, up to 6% of the employee’s pretax income as of January 1, 2013. The Company’s cash contributions vest ratably over a three year service period. The Company made matching cash contributions of $79,055 for the year ended December 31, 2013. No matching cash contributions were made for the years ended December 31, 2012 and 2011. | |
Segment_Disclosures
Segment Disclosures | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Segment Disclosures [Abstract] | ' | |||||||||
Segment Disclosures | ' | |||||||||
18.Segment Disclosures | ||||||||||
The Company considers itself to have a single reportable operating segment, being mineral exploration and development. We reported no revenues during the years ended December 31, 2013, 2012 and 2011. Geographic information is as follows as of December 31: | ||||||||||
2013 | 2012 | 2011 | ||||||||
Long-lived Assets: | ||||||||||
Canada | $ | - | $ | - | $ | - | ||||
United States | 69,951,238 | 57,928,885 | 51,201,414 | |||||||
Total | $ | 69,951,238 | $ | 57,928,885 | $ | 51,201,414 | ||||
Subsequent_Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2013 | |
Subsequent Events [Abstract] | ' |
Subsequent Events | ' |
19.Subsequent Events | |
On February 24, 2014 the Company announced that formation of the joint venture at the Spring Valley project with Barrick was completed. Barrick holds a 70% interest in the joint venture, with the Company holding the remaining 30% interest. The Company has until July 14, 2014 to decide on the option to be carried to production, at which point, the Company would retain a 25% interest in the joint venture. | |
Quarterly_Financial_Data_Unaud
Quarterly Financial Data (Unaudited) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Quarterly Financial Data (Unaudited) [Abstract] | ' | ||||||||||||
Quarterly Financial Data (Unaudited) | ' | ||||||||||||
20.Quarterly Financial Data (Unaudited) | |||||||||||||
2013 | |||||||||||||
1st | 2nd | 3rd | 4th | ||||||||||
Quarter | Quarter | Quarter | Quarter | ||||||||||
Loss from Operations | $ | -4,928,049 | $ | -4,490,609 | $ | -3,964,571 | $ | -3,996,871 | |||||
Other Income (Expense) | 10,860,975 | 7,325,892 | -291,878 | 6,546,183 | |||||||||
Net Income (Loss) | $ | 5,877,552 | $ | 4,797,105 | $ | -3,983,821 | $ | 2,215,095 | |||||
Preferred Stock Cumulative Dividend | -1,419,732 | -1,469,385 | -1,478,516 | -1,515,845 | |||||||||
Accretion of Cost of Redeemable Preferred Stock | -857,550 | -891,024 | -949,370 | -802,792 | |||||||||
Net Income (Loss) Attributable to Common Shareholders | $ | 3,600,270 | $ | 2,436,696 | $ | -6,411,707 | $ | -103,542 | |||||
Common Stock Data | |||||||||||||
Basic: | |||||||||||||
Weighted Average Common Shares Outstanding | 128,451,298 | 128,451,298 | 129,605,544 | 130,883,671 | |||||||||
Net Income (Loss) Per Share | $ | 0.03 | $ | 0.02 | $ | -0.05 | $ | - | |||||
Diluted: | |||||||||||||
Weighted Average Common Shares Outstanding | 166,289,136 | 167,480,014 | 129,605,544 | 168,721,509 | |||||||||
Net Income (Loss) Per Share | $ | 0.02 | $ | - | $ | -0.05 | $ | - | |||||
2012 | |||||||||||||
1st | 2nd | 3rd | 4th | ||||||||||
Quarter | Quarter | Quarter | Quarter | ||||||||||
Loss from Operations | $ | -2,992,948 | $ | -3,782,261 | $ | -3,973,483 | $ | -3,985,371 | |||||
Other Income (Expense) | 54,287 | -550,855 | 225,931 | -1,112,326 | |||||||||
Net Loss | $ | -3,072,393 | $ | -4,227,245 | $ | -3,515,919 | $ | -4,459,065 | |||||
Preferred Stock Cumulative Dividend | - | - | - | -278,572 | |||||||||
Accretion of Cost of Redeemable Preferred Stock | - | - | - | -153,662 | |||||||||
Net Income (Loss) Attributable to Common Shareholders | $ | -3,072,393 | $ | -4,227,245 | $ | -3,515,919 | $ | -4,891,299 | |||||
Common Stock Data | |||||||||||||
Basic and Diluted: | |||||||||||||
Net Loss Per Share | $ | -0.03 | $ | -0.03 | $ | -0.03 | $ | -0.04 | |||||
Average Common Shares Outstanding: | |||||||||||||
Basic and Diluted | 113,960,618 | 114,428,565 | 127,188,712 | 128,257,168 | |||||||||
Significant_Accounting_Policie1
Significant Accounting Policies (Policy) | 12 Months Ended | |
Dec. 31, 2013 | ||
Significant Accounting Policies [Abstract] | ' | |
Basis Of Presentation | ' | |
(a) Basis of Presentation | ||
These consolidated financial statements have been prepared under accounting principles generally accepted in the United States of America (“US GAAP”). These consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany transactions and balances have been eliminated. | ||
The Company meets the definition of a development stage enterprise under Accounting Standards Codification (“ASC”) Section 910-10-15. The Company is required to provide additional disclosures from its date of inception, or the date the Company was reactivated to undertake development stage activities; therefore, the statement of operations, and comprehensive loss, cash flows and changes in stockholder’s equity include cumulative amounts from May 14, 1996 to December 31, 2013. | ||
Dollar amounts in these consolidated financial statements are in Canadian dollars unless otherwise noted. United States dollar amounts are referred as US$. | ||
Estimates | ' | |
(b) Estimates | ||
The preparation of consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Significant areas requiring the use of management estimates include the determination of impairment of mineral properties, equipment and investments, the identification of reserves, useful lives for amortization, valuation allowances for future income tax assets, fair value of non-cash stock-based compensation, fair value of derivative liabilities and reclamation and environmental obligations. Actual results, as determined by future events, may differ from these estimates. | ||
Cash And Cash Equivalents | ' | |
(c) Cash and Cash Equivalents | ||
Cash and cash equivalents include highly liquid investments with original maturities of three months or less. To limit its credit risk exposure for amounts in excess of federally insured limits, the Company places its deposits with financial institutions of high credit standing. | ||
Investments | ' | |
(d) Investments | ||
Investment securities at December 31, 2012 consist of equity securities that are classified as available-for-sale (AFS). | ||
AFS securities are recorded at fair value. Unrealized holding gains and losses, net of the related tax effect, on AFS securities are excluded from earnings and are reported as a separate component of accumulated other comprehensive income until realized. Realized gains and losses from the sale of AFS securities are determined on a specific-identification basis. | ||
A decline in the market value of any AFS security below cost that is deemed to be other-than-temporary results in an impairment to reduce the carrying amount to fair value. To determine whether an impairment is other-than-temporary, the Company considers all available relevant information including the reasons for the impairment, the severity and duration of the impairment, changes in value subsequent to year-end, forecasted performance of the investee, and the general market condition in the geographic area or industry the investee operates in. | ||
Property, Equipment and Mine Development | ' | |
(e) Property, Equipment and Mine Development | ||
All items of property, equipment and mine development are carried at cost less accumulated depreciation. Normal maintenance and repairs are charged to operations while expenditures for major maintenance and betterments are capitalized. Gains or losses on disposition are recognized in operations. | ||
Depreciation of property and equipment is computed using straight-line methods over the estimated economic lives, as follows: | ||
Buildings and Leasehold Improvements | 5 years to 27.5 years | |
Computer Equipment and Software | 3 years to 5 years | |
Trucks and Autos | 3 years | |
Office Equipment | 5 years | |
Field Equipment | 5 years | |
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 and construction phase, would be capitalized until the assets are ready for their intended use. When a project commences commercial production, amortization and depletion of capitalized costs will commence and 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 will be computed on a straight-line basis over the estimated economic life. | ||
Mineral Properties | ' | |
(f) Mineral Properties | ||
The Company expenses all costs related to the maintenance and exploration of mineral properties in which it has secured rights prior to establishment of commercial feasibility. Mineral property acquisition costs are initially capitalized when incurred. The Company assesses the carrying cost for impairment under ASC 360-10 “Accounting for Impairment or Disposal of Long Lived Assets”. When it has been determined that a mineral property has been deemed economically feasible, the costs then incurred to develop such property and construct a mine are capitalized. The costs of construction and development will be amortized using either straight-line or the units-of-production method over the estimated life of the mine. If mineral properties are subsequently abandoned or impaired, any capitalized costs will be charged to operations. | ||
Asset Retirement Obligations | ' | |
(g) Asset Retirement Obligations | ||
The Company records the fair value of the liability for closure and removal costs associated with the legal obligations upon retirement and the cost of removal of any tangible long-lived assets. The Company accrues its current portion of ongoing surface disturbance asset retirement obligations within accounts payable and accrued liabilities. As of December 31, 2013 and 2012, these obligations totaled $9,269 and $6,656, respectively. The long term portion of surface disturbance asset retirement obligations are accrued within other long term liabilities. As of December 31, 2013 and 2012, these obligations totaled $51,967 and nil, respectively. | ||
Impairment Of Long-Lived Assets | ' | |
(h) Impairment of Long-Lived Assets | ||
The Company reviews and evaluates its long-lived assets for impairment whenever events or changes in circumstances that would indicate that the related carrying amounts may not be recoverable. Mineral properties in the exploration stage are monitored for impairment based on factors such as the Company's continued right to explore the area, exploration results, technical reports, the Company's continued plans to fund exploration and development programs on the property, future asset utilization, business climate and mineral prices. | ||
If circumstances require a long-lived asset or asset group be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by that asset or asset group, including value beyond proven and probable reserves, to its carrying amount. If the carrying amount of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, impairment is recognized to the extent that the carrying amount exceeds its fair value. Fair value is determined through various valuation techniques, including discounted cash flow models, quoted market values and third-party independent appraisals, as considered necessary. | ||
Share Capital | ' | |
(i) Share Capital | ||
The Company records proceeds from share issuances, net of issue costs. Shares issued for consideration other than cash are valued at the quoted market price on the closing date for business combinations and at the date of issuance for other non-monetary transactions. | ||
Warrants | ' | |
(j) Warrants | ||
The Company accounts for share purchase warrants using the fair value method. Under this method, the value of warrants issued is measured at fair value at the grant date using the Black-Scholes valuation model and is initially recorded as additional paid-in capital and subsequently reclassified to share capital if and when the warrants are exercised. | ||
The value of share purchase warrants issued with an exercise price denominated in a currency other than the Company’s Canadian dollar functional currency is considered a liability and this liability is stated at fair value each reporting period. | ||
Exploration Costs | ' | |
(k) Exploration Costs | ||
Exploration costs are charged to expense as incurred. Costs to identify new mineral resources, to evaluate potential resources, and to convert mineral resources into proven and probable reserves are considered exploration costs. | ||
Stock-Based Compensation | ' | |
(l) Stock-Based Compensation | ||
The Company measures and records in the financial statements the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award, recognized over the period during which an employee is required to provide services in exchange for such award. Estimates of forfeitures of unvested instruments at the grant date are considered in determining the total compensation to be recognized. Stock-based payments to non-employees are measured at the fair value of consideration received or equity instruments issued, whichever is more reliable and are periodically re-measured until counter party performance is complete. | ||
The offset to the recorded stock-based compensation cost is to additional paid-in capital. Consideration received on the exercise of stock options is recorded as share capital and the related additional paid-in capital is transferred to share capital. | ||
Income Taxes | ' | |
(m) Income Taxes | ||
The Company uses the asset and liability method of accounting for income taxes. Under this method, Deferred income tax assets and liabilities are determined based on differences between the financial statement carrying values of existing assets and liabilities and their respective income tax bases (temporary differences), and losses carried forward. Deferred income tax assets and liabilities are measured using the enacted tax rates which will be in effect when the temporary differences are likely to reverse. The effect on deferred income tax assets and liabilities of a change in tax rates is included in operations in the period in which the change is enacted. The amount of deferred income tax assets recognized is limited to the amount of the benefit that is more likely than not to be realized. | ||
Net (Income) Loss per Share | ' | |
(n) Net (Income) Loss per Share | ||
Basic loss per common share is computed using the weighted-average number of common shares outstanding during the period. Diluted loss per common share amounts are calculated using the weighted-average number of common shares outstanding for the period and include the dilutive impact of preferred stock 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 stock is 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 shares 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. | ||
Foreign Currency Transactions | ' | |
(o) Foreign Currency Translation | ||
Effective January 1, 2012, the Company changed the functional currency for its U.S. operations to the United States dollar and retained the Canadian dollar as its reporting currency. Canadian operations retained the Canadian dollar as its functional currency. | ||
The financial statements of the Company’s U.S. operations are translated from their functional currency, the United States dollar, to the reporting currency, the Canadian dollar, using the current rate method. Assets and liabilities are translated using the current rate in effect at the balance sheet date and revenues and expenses are translated at the average rate for the period. Adjustments resulting from the translation, if any, are included in accumulated other comprehensive income (loss) in stockholders’ equity. The foreign exchange rate of US$1 to CAD as of December 31, 2013 was 1.0636 (December 31, 2012 – 0.9949). | ||
Fair Value | ' | |
(p) Fair Value | ||
Determining the fair value of assets and liabilities involves the use of judgment, as some assets and liabilities do not have fair values that are readily determinable. Different techniques may be used to determine fair values, including market prices (where available), appraisals, comparisons to transactions for similar assets and liabilities, and present value of estimated future cash flows, among others. Since these estimates involve the use of significant judgment, they can change as new information becomes available (see Note 4). | ||
Recently Adopted Accounting Standards | ' | |
(q) Recently Adopted Accounting Standards | ||
In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“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 material impact on the Company’s disclosures or financial statements. | ||
In January 2013, the FASB issued ASU 2013-1, Balance Sheet: Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities, which amended FASB Accounting Standards Codification (“ASC”) Topic 210, Balance Sheet. The main objective in developing this update was to address implementation issues about the scope of ASU 2011-11, Balance Sheet: Disclosures about Offsetting Assets and Liabilities. The amendments clarify that the scope of ASU 2011-11 applies to derivatives accounted for in accordance with Topic 815, Derivatives and Hedging, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset in accordance with ASC 210-20-45 or ASC 815-10-45 or subject to an enforceable master netting arrangement or similar agreement. This provision is effective for fiscal years beginning on or after January 1, 2013. Adoption of this update did not have a material impact on the Company’s disclosures or 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 material impact on the Company’s disclosures or financial statements. | ||
Recently Issued Accounting Standards Updates | ' | |
(r) Recently Issued Accounting Standards Updates | ||
In July 2013, the FASB issued 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 is not expected to have a material impact on the Company’s consolidated financial statements. | ||
In March 2013, the FASB issued 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 is not expected to 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 is not expected to have a significant impact on the Company’s consolidated financial statements. | ||
Comparative Figures | ' | |
(s) Comparative Figures | ||
Certain of the comparative figures have been reclassified to conform to the presentation in the current year. | ||
Significant_Accounting_Policie2
Significant Accounting Policies (Tables) | 12 Months Ended | |
Dec. 31, 2013 | ||
Significant Accounting Policies [Abstract] | ' | |
Property Plant And Equipment | ' | |
Buildings and Leasehold Improvements | 5 years to 27.5 years | |
Computer Equipment and Software | 3 years to 5 years | |
Trucks and Autos | 3 years | |
Office Equipment | 5 years | |
Field Equipment | 5 years | |
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Earnings Per Share [Abstract] | ' | |||||||||
Schedule Of Earnings Per Share Basic And Diluted Calculations | ' | |||||||||
Year Ended | ||||||||||
December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
Basic Loss Per Share: | ||||||||||
Numerator: | ||||||||||
Net Loss Attributable to Common Shareholders | $ | 478,283 | $ | 15,706,856 | $ | 15,527,179 | ||||
Denominator: | ||||||||||
Weighted-Average Common Shares For Basic (Income) Loss Per Share | 129,355,322 | 121,056,319 | 106,992,452 | |||||||
Basic Loss Per Share | $ | - | $ | 0.13 | $ | 0.15 | ||||
Diluted Loss Per Share: | ||||||||||
Numerator: | ||||||||||
Net Loss Attributable to Common Shareholders | $ | 478,283 | $ | 15,706,856 | $ | 15,527,179 | ||||
Effect of Gain on Change in Fair Value of Derivative Preferred Liability | 19,140,415 | - | - | |||||||
Effect of Accretion of Redeemable Preferred Shares | -3,500,736 | - | - | |||||||
Effect of Preferred Shares Dividend | -5,883,478 | - | - | |||||||
Effect of Canadian Corporate Dividend Tax | -1,440,926 | - | - | |||||||
Diluted Loss | $ | 8,793,558 | $ | 15,706,856 | $ | 15,527,179 | ||||
Denominator: | ||||||||||
Weighted-Average Common Shares for Basic Loss Per Share | 129,355,322 | 121,056,319 | 106,992,452 | |||||||
Effect of Dilutive Securities: | ||||||||||
Preferred Series A Shares | 37,837,838 | - | - | |||||||
Stock Options | - | - | - | |||||||
Dilutive Potential Common Shares | 37,837,838 | - | - | |||||||
Total Shares | 167,193,160 | 121,056,319 | 106,992,452 | |||||||
Diluted Loss Per Share | $ | 0.05 | $ | 0.13 | $ | 0.15 | ||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Fair Value Measurements [Abstract] | ' | ||||||||||||
Financial Instruments Measured At Fair Value | ' | ||||||||||||
Quoted | |||||||||||||
in Active | Significant | ||||||||||||
Markets for | Other | Significant | Total at | ||||||||||
Identical | Observable | Unobservable | December | ||||||||||
Financial Instrument | Assets | Inputs | Inputs | 31, 2013 | |||||||||
Liabilities | |||||||||||||
Preferred Share Liability | $ | - | $ | -8,189,720 | $ | - | $ | -8,189,720 | |||||
Financial instruments measured at fair value as at December 31, 2012 were as follows: | |||||||||||||
Quoted | |||||||||||||
in Active | Significant | ||||||||||||
Markets for | Other | Significant | Total at | ||||||||||
Identical | Observable | Unobservable | December | ||||||||||
Financial Instrument | Assets | Inputs | Inputs | 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) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Investments [Abstract] | ' | |||||||||||
Investments | ' | |||||||||||
31-Dec-13 | ||||||||||||
Number of | Realized | |||||||||||
Shares | Cost | Gains (Losses) | Fair Value | |||||||||
Available for Sale – Common Shares | 250,000 | $ | 43,125 | $ | -43,125 | $ | - | |||||
31-Dec-12 | ||||||||||||
Number of | Unrealized | |||||||||||
Shares | Cost | 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) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Property, Equipment And Mine Development [Abstract] | ' | ||||||
Schedule Of Property, Equipment And Mine Development | ' | ||||||
2013 | 2012 | ||||||
Land | $ | 585,974 | $ | 548,125 | |||
Buildings and Leasehold Improvements | 761,670 | 519,699 | |||||
Computer Equipment and Software | 1,403,123 | 944,708 | |||||
Trucks and Autos | 422,975 | 365,747 | |||||
Office Equipment | 248,370 | 190,721 | |||||
Field Equipment | 287,447 | 227,850 | |||||
Mine Development | 14,511,873 | 6,057,111 | |||||
Subtotal | 18,221,432 | 8,853,961 | |||||
Accumulated Depreciation | -1,470,482 | -848,002 | |||||
Totals | $ | 16,750,950 | $ | 8,005,959 | |||
Mineral_Properties_Tables
Mineral Properties (Tables) | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Mineral Properties [Abstract] | ' | |||||||||||||||
Schedule Of Mineral Properties | ' | |||||||||||||||
December 31, | Effect of Changes | December 31, | ||||||||||||||
Mineral Property | 2012 | Additions | Written off | in FX Rates* | 2013 | |||||||||||
Pan | $ | 34,490,915 | $ | 283,194 | $ | - | $ | 1,057,678 | $ | 35,831,787 | ||||||
Gold Rock | 972,245 | 810,118 | - | 102,849 | 1,885,212 | |||||||||||
Spring Valley | 4,790,292 | 31,647 | - | 346,485 | 5,168,424 | |||||||||||
Tonopah | 7,508,054 | 316,635 | - | 134,957 | 7,959,646 | |||||||||||
Golden Eagle | 2,161,420 | - | - | 149,251 | 2,310,671 | |||||||||||
Pinyon | - | 41,265 | - | 3,283 | 44,548 | |||||||||||
$ | 49,922,926 | $ | 1,482,859 | $ | - | $ | 1,794,503 | $ | 53,200,288 | |||||||
December 31, | Effect of Changes | December 31, | ||||||||||||||
Mineral Property | 2011 | Additions | Written off | in FX Rates* | 2012 | |||||||||||
Pan | $ | 34,020,664 | $ | 294,658 | $ | - | $ | 175,593 | $ | 34,490,915 | ||||||
Gold Rock | 863,112 | 322,487 | - | -213,354 | 972,245 | |||||||||||
Spring Valley | 5,099,159 | - | - | -308,867 | 4,790,292 | |||||||||||
Tonopah | 7,324,586 | 298,470 | - | -115,002 | 7,508,054 | |||||||||||
Golden Eagle | 2,255,613 | - | - | -94,193 | 2,161,420 | |||||||||||
Pinyon | - | - | - | - | - | |||||||||||
$ | 49,563,134 | $ | 915,615 | $ | - | $ | -555,823 | $ | 49,922,926 | |||||||
* See Footnote 2(j) – Significant Accounting Policies: Foreign Currency Translation. | ||||||||||||||||
Share_Capital_Tables
Share Capital (Tables) | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | |||||||||||||||
Stock-Based Compensation | ' | |||||||||||||||
Year Ended December 31, | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Salaries and Benefits | $ | 920,197 | $ | 1,358,661 | $ | 3,096,787 | ||||||||||
Mineral Exploration Expenditures | 186,534 | 175,498 | 312,794 | |||||||||||||
Consulting | 67,778 | 58,981 | 217,100 | |||||||||||||
Total | $ | 1,174,509 | $ | 1,593,140 | $ | 3,626,681 | ||||||||||
Summary Of Stock Purchase Warrants | ' | |||||||||||||||
Weighted | Remaining | |||||||||||||||
Number of | Average | Contractual Life | ||||||||||||||
Warrants | Exercise Price | (in years) | ||||||||||||||
Balance, December 31, 2010 | 10,849,006 | $ | 0.83 | 1.20 | ||||||||||||
Issued | - | - | - | |||||||||||||
Exercised | -8,611,356 | 0.76 | - | |||||||||||||
Expired | -680,000 | 0.90 | - | |||||||||||||
Balance, December 31, 2011 | 1,557,650 | 0.80 | 0.40 | |||||||||||||
Issued | 6,130,781 | 1.85 | 1.27 | |||||||||||||
Exercised | -1,533,650 | 0.80 | - | |||||||||||||
Expired | -24,000 | 0.80 | - | |||||||||||||
Balance, December 31, 2012 | 6,130,781 | 1.85 | 1.02 | |||||||||||||
Issued | - | - | - | |||||||||||||
Exercised | - | - | - | |||||||||||||
Expired | - | - | - | |||||||||||||
Balance, December 31, 2013 | 6,130,781 | $ | 1.85 | 0.02 | ||||||||||||
2008 Stock Option Plan [Member] | ' | |||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | |||||||||||||||
Weighted Average Grant Date Fair Value Of Options | ' | |||||||||||||||
December 31, | December 31, | December 31, | ||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Unvested Beginning of Year | $ | 2.12 | $ | 1.80 | $ | 0.63 | ||||||||||
Granted | 0.55 | 1.89 | 1.81 | |||||||||||||
Vested | 0.97 | 1.15 | 1.12 | |||||||||||||
Expired | 0.97 | 1.46 | 1.70 | |||||||||||||
Unvested End of Period | $ | 0.55 | $ | 2.12 | $ | 1.80 | ||||||||||
Weighted Average Assumptions In Calculating The Fair Value Of The Options Issued | ' | |||||||||||||||
December 31, | December 31, | December 31, | ||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Weighted-Average Risk-Free Rate | 0.21 | % | 1.47 | % | 1.29 | % | ||||||||||
Dividend Yield | - | - | - | |||||||||||||
Expected Life in Years | 3.07 | 3.57 | 3.26 | |||||||||||||
Volatility | 73.06 | % | 112.91 | % | 113.32 | % | ||||||||||
Activity For Compensatory Stock Options | ' | |||||||||||||||
Weighted | ||||||||||||||||
Average | Aggregate | Number of | ||||||||||||||
Number of | Exercise | Intrinsic | Shares | |||||||||||||
Shares | Price | Value | Exercisable | |||||||||||||
Outstanding, January 1, 2011 | 6,460,000 | $ | 1.05 | $ | 652,367 | 5,341,667 | ||||||||||
Granted | 3,870,000 | 1.80 | - | - | ||||||||||||
Exercised | -729,997 | 0.62 | 50,866 | - | ||||||||||||
Cancelled | -718,335 | 2.15 | - | - | ||||||||||||
Outstanding, December 31, 2011 | 8,881,668 | $ | 1.36 | $ | 6,318,733 | 5,341,667 | ||||||||||
Granted | 250,000 | 1.89 | - | - | ||||||||||||
Exercised | -737,501 | 0.58 | 255,292 | - | ||||||||||||
Cancelled | -576,666 | 2.73 | - | - | ||||||||||||
Outstanding, December 31, 2012 | 7,817,501 | $ | 1.35 | $ | 2,570,692 | 7,082,504 | ||||||||||
Granted | 2,745,000 | 1.14 | - | - | ||||||||||||
Exercised | -37,500 | 0.56 | - | - | ||||||||||||
Cancelled | -879,167 | 1.55 | - | - | ||||||||||||
Outstanding, December 31, 2013 | 9,645,834 | $ | 1.27 | $ | 632,800 | 8,122,490 | ||||||||||
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 | 4,096,667 | 1.2 | $ | 0.73 | 4,096,667 | $ | 0.73 | $ | 632,800 | |||||||
$1.01 - $1.60 | 2,481,667 | 4.1 | 1.18 | 958,323 | 1.22 | - | ||||||||||
$1.61 - $2.20 | 3,017,500 | 2.5 | 2.07 | 3,017,500 | 2.07 | - | ||||||||||
$2.21 - $2.80 | 50,000 | 2.6 | 2.34 | 50,000 | 2.34 | - | ||||||||||
9,645,834 | 2.4 | $ | 1.27 | 8,122,490 | $ | 1.30 | $ | 632,800 | ||||||||
2013 Stock Option Plan [Member] | ' | |||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | |||||||||||||||
Weighted Average Grant Date Fair Value Of Options | ' | |||||||||||||||
December 31, | December 31, | December 31, | ||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Unvested Beginning of Year | $ | - | $ | - | $ | - | ||||||||||
Granted | 0.41 | - | - | |||||||||||||
Vested | - | - | - | |||||||||||||
Expired | - | - | - | |||||||||||||
Unvested End of Period | $ | 0.41 | $ | - | $ | - | ||||||||||
Weighted Average Assumptions In Calculating The Fair Value Of The Options Issued | ' | |||||||||||||||
December 31, | December 31, | December 31, | ||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Weighted-Average Risk-Free Rate | 0.12 | % | N/A | N/A | ||||||||||||
Dividend Yield | - | N/A | N/A | |||||||||||||
Expected Life in Years | 2.95 | N/A | N/A | |||||||||||||
Volatility | 69.96 | % | N/A | N/A | ||||||||||||
Activity For Compensatory Stock Options | ' | |||||||||||||||
Number of Shares | Weighted Average Exercise Price (US$) | Aggregate Intrinsic Value (US$) | Number of Shares Exercisable | |||||||||||||
Outstanding, January 1, 2013 | - | $ | - | $ | - | - | ||||||||||
Granted | 399,000 | 0.87 | - | - | ||||||||||||
Exercised | - | - | - | - | ||||||||||||
Cancelled | - | - | - | - | ||||||||||||
Outstanding, December 31, 2013 | 399,000 | $ | 0.87 | $ | - | - | ||||||||||
Outstanding Compensatory Stock Options | ' | |||||||||||||||
Options Outstanding | Options Exercisable | |||||||||||||||
Exercise Prices | Number of Shares | Remaining Contractual Life (years) | Weighted Average Exercise Price (US$) | Number Exercisable | Weighted Average Exercise Price (US$) | Aggregate Intrinsic Value (US$) | ||||||||||
$0.56 - $1.00 | 399,000 | 4.8 | $ | 0.87 | - | $ | - | $ | - | |||||||
$1.01 - $1.60 | - | - | - | - | - | - | ||||||||||
$1.61 - $2.20 | - | - | - | - | - | - | ||||||||||
$2.21 - $2.80 | - | - | - | - | - | - | ||||||||||
399,000 | 4.8 | $ | 0.87 | - | $ | - | $ | - | ||||||||
Redeemable_Preferred_Stock_Tab
Redeemable Preferred Stock (Tables) | 12 Months Ended | ||||||||||||||
Dec. 31, 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 | |||||||||||||||
Preferred Series A Holders | 19-Dec-13 | 23-Dec-13 | 0.04 | 1,515,845 | 2-Jan-14 | Shares | |||||||||
1,485,728 shares | |||||||||||||||
$ | 0.16 | $ | 6,162,050 | ||||||||||||
Inputs Used In Determining Fair Value | ' | ||||||||||||||
Year Ended December 31, | Fair Value | Volatility | Credit Spread | Common Stock Closing Price (USD) | Risk -Free Rate | Exchange Rate | |||||||||
2013 | $ | 8,189,720 | 47.1% | 17.7% | $ | 0.81 | 1.37% | 1.0636 | |||||||
2012 | 27,330,135 | 50.8% | 20.0% | 1.39 | 0.84% | 0.9949 | |||||||||
Reconcilliation Of Initial Proceeds | ' | ||||||||||||||
Redeemable Preferred Shares | |||||||||||||||
Initial Proceeds | $ | 68,936,000 | |||||||||||||
Direct Issue Costs Allocated to Preferred Shares | -411,266 | ||||||||||||||
Bifurcated Embedded Derivative Liability | -24,695,846 | ||||||||||||||
Balance at December 13, 2012(1) | $ | 43,828,888 | |||||||||||||
(1)The $25,107,112 difference between the carrying amount at December 13, 2012 and the initial redemption amount, including the effect of changes in the redemption amount due to foreign currency fluctuations, will be accreted using the effective interest method from the execution of the contract on December 13, 2012 to the redemption right date of five years. Dividends and accretion on the Series A Preferred Shares are charged to additional paid-in capital, and are deducted in computing net income or loss attributable to common shareholders. If the outstanding Series A Preferred Shares were redeemable as of December 31, 2013, the redemption amount would have been $75,967,845. | |||||||||||||||
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 | 3,500,736 | ||||||||||||||
Preferred Share Cumulative Dividend | 5,883,478 | ||||||||||||||
Declared Preferred Share Cumulative Dividend | -6,162,050 | ||||||||||||||
Share Issuance Costs | -314 | ||||||||||||||
Balance as of December 31, 2013 | $ | 47,482,972 | |||||||||||||
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive (Income) Loss (Tables) | 12 Months Ended | |||||||||
Dec. 31, 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, 2011 | $ | -26,875 | $ | - | $ | -26,875 | ||||
Other Comprehensive (Income) Loss Before Reclassifications | 56,250 | 406,969 | 463,219 | |||||||
Amounts Reclassified from Accumulated Other Comprehensive Income | - | - | - | |||||||
Balance as of December 31, 2012 | $ | 29,375 | $ | 406,969 | $ | 436,344 | ||||
Other Comprehensive (Income) Loss Before Reclassifications | 13,750 | -2,533,892 | -2,520,142 | |||||||
Amounts Reclassified to (Income) Loss | -43,125 | - | -43,125 | |||||||
Balance as of December 31, 2013 | $ | - | $ | -2,126,923 | $ | -2,126,923 | ||||
Commitments_And_Contingencies_
Commitments And Contingencies (Tables) | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Commitments And Contingencies [Abstract] | ' | |||||||||||||||
Future Minimum Lease Payments For Non-Cancellable Lease | ' | |||||||||||||||
Fiscal Year | ||||||||||||||||
2014 | 2015 - 2016 | 2017 - 2018 | Thereafter | Total | ||||||||||||
Operating Lease Obligations | $ | 326,731 | $ | 588,959 | $ | 586,444 | $ | 427,615 | $ | 1,929,749 | ||||||
Contractual Obligations | 5,868,679 | 5,531 | 2,553 | - | 5,876,763 | |||||||||||
Total | $ | 6,195,410 | $ | 594,490 | $ | 588,997 | $ | 427,615 | $ | 7,806,512 | ||||||
Supplemental_Disclosures_Of_Ca1
Supplemental Disclosures Of Cash Flow Information (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Supplemental Disclosures Of Cash Flow Information [Abstract] | ' | |||||||||
Schedule Of Supplemental Disclosures Of Cash Flow Information | ' | |||||||||
Year Ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
Interest Paid | $ | - | $ | - | $ | - | ||||
Income Taxes Paid | - | - | - | |||||||
Preferred Share Cumulative Dividend, including Accrual | 5,883,478 | 278,572 | - | |||||||
Accretion of Redeemable Preferred Shares | 3,500,736 | 153,662 | - | |||||||
Common Share Issuance for Payment of Preferred Dividend | 2,495,901 | - | - | |||||||
Transfer of Fair Value of Share Purchase Warrants Exercised or Expired from Warrant Liability (Note 9) to Share Capital | - | - | 2,154,570 | |||||||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Income Taxes [Abstract] | ' | |||||||||
Sources Of Income (Loss) Before Incomes Taxes | ' | |||||||||
2013 | 2012 | 2011 | ||||||||
Canada | $ | 8,444,079 | $ | -3,684,614 | $ | -3,225,471 | ||||
United States | -1,383,007 | -12,432,412 | -14,904,486 | |||||||
Income (Loss) Before Income Taxes | $ | 7,061,072 | $ | -16,117,026 | $ | -18,129,957 | ||||
Income Tax Expense (Benefit) Attributable To Income (Loss) Before Income Taxes | ' | |||||||||
2013 | 2012 | 2011 | ||||||||
Current: | ||||||||||
Canada | $ | 1,440,926 | $ | - | $ | - | ||||
United States | - | - | - | |||||||
Total Current | $ | 1,440,926 | $ | - | $ | - | ||||
Deferred: | ||||||||||
Canada | $ | 3,283,165 | $ | -301,519 | $ | -4,200,400 | ||||
United States | -3,503,337 | -3,952,996 | -457,430 | |||||||
Valuation Allowance | -3,065,613 | 3,412,111 | 2,055,052 | |||||||
Total Deferred | $ | -3,285,785 | $ | -842,404 | $ | -2,602,778 | ||||
Majority Of The Differences Between The Actual Tax Recovery And the Expected B.C. Statutory Corporate Income Tax Recovery | ' | |||||||||
2013 | 2012 | 2011 | ||||||||
Canadian Statutory Income Tax Rate | 25.75% | 25.00% | 26.50% | |||||||
Income Tax Expense (Benefit) Computed at Canadian Statutory Rate | $ | 1,866,907 | $ | -4,029,257 | $ | -4,896,766 | ||||
Increase (Reduction) in Income Taxes Resulting from: | ||||||||||
Change in Valuation Allowance | -1,687,835 | 3,412,111 | 2,055,052 | |||||||
Change in Fair Value of Warrant Derivative | -5,228,955 | - | - | |||||||
Change in Effective Tax Rate | -442,995 | - | - | |||||||
Other Permanent Differences | 258,576 | 783,449 | 716,880 | |||||||
Foreign Tax Rates | -1,179,148 | -1,118,917 | -652,162 | |||||||
Tax on Preferred Dividends Net of Deduction | 138,753 | - | - | |||||||
Capital Gain Tax Rate Difference | -536,900 | - | - | |||||||
Tax Impact Related to Restructuring | 4,183,716 | - | - | |||||||
Expiration of Losses and Other | 783,022 | 110,210 | 174,218 | |||||||
Income Tax Recovery | $ | -1,844,859 | $ | -842,404 | $ | -2,602,778 | ||||
Significant Components Of Future Income Tax Assets And Liabilities | ' | |||||||||
2013 | 2012 | |||||||||
Deferred Income Tax Assets: | ||||||||||
Canada: | ||||||||||
Equipment, Mineral Properties and Other | $ | 1,195,568 | $ | 1,044,609 | ||||||
Non-Capital Losses Carried Forward | 1,065,819 | 1,870,428 | ||||||||
Capital Losses Carried Forward | 408,527 | 909,064 | ||||||||
United States: | ||||||||||
Equipment, Mineral Properties and Other | 10,449,599 | 9,405,759 | ||||||||
Losses Carried Forward | 12,040,451 | 7,472,016 | ||||||||
Total Deferred Income Tax Assets | 25,159,964 | 20,701,876 | ||||||||
Valuation Allowance: | ||||||||||
Canada | -1,962,653 | -3,824,102 | ||||||||
United States | -15,532,946 | -14,484,161 | ||||||||
Deferred Income Tax Assets, Net | $ | 7,664,365 | $ | 2,393,613 | ||||||
Deferred Income Tax Liabilities: | ||||||||||
Canada: | ||||||||||
Mineral Properties | $ | -707,261 | $ | - | ||||||
United States: | ||||||||||
Mineral Properties | -6,957,104 | -5,566,126 | ||||||||
Deferred Income Tax Liabilities | -7,664,365 | -5,566,126 | ||||||||
Net Deferred Income Tax Assets (Liabilities) | $ | - | $ | -3,172,513 | ||||||
Segment_Disclosures_Tables
Segment Disclosures (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Segment Disclosures [Abstract] | ' | |||||||||
Schedule Of Long-Lived Assets By Geographical Region | ' | |||||||||
2013 | 2012 | 2011 | ||||||||
Long-lived Assets: | ||||||||||
Canada | $ | - | $ | - | $ | - | ||||
United States | 69,951,238 | 57,928,885 | 51,201,414 | |||||||
Total | $ | 69,951,238 | $ | 57,928,885 | $ | 51,201,414 | ||||
Quarterly_Financial_Data_Unaud1
Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Quarterly Financial Data (Unaudited) [Abstract] | ' | ||||||||||||
Schedule Of Quarterly Financial Data | ' | ||||||||||||
2013 | |||||||||||||
1st | 2nd | 3rd | 4th | ||||||||||
Quarter | Quarter | Quarter | Quarter | ||||||||||
Loss from Operations | $ | -4,928,049 | $ | -4,490,609 | $ | -3,964,571 | $ | -3,996,871 | |||||
Other Income (Expense) | 10,860,975 | 7,325,892 | -291,878 | 6,546,183 | |||||||||
Net Income (Loss) | $ | 5,877,552 | $ | 4,797,105 | $ | -3,983,821 | $ | 2,215,095 | |||||
Preferred Stock Cumulative Dividend | -1,419,732 | -1,469,385 | -1,478,516 | -1,515,845 | |||||||||
Accretion of Cost of Redeemable Preferred Stock | -857,550 | -891,024 | -949,370 | -802,792 | |||||||||
Net Income (Loss) Attributable to Common Shareholders | $ | 3,600,270 | $ | 2,436,696 | $ | -6,411,707 | $ | -103,542 | |||||
Common Stock Data | |||||||||||||
Basic: | |||||||||||||
Weighted Average Common Shares Outstanding | 128,451,298 | 128,451,298 | 129,605,544 | 130,883,671 | |||||||||
Net Income (Loss) Per Share | $ | 0.03 | $ | 0.02 | $ | -0.05 | $ | - | |||||
Diluted: | |||||||||||||
Weighted Average Common Shares Outstanding | 166,289,136 | 167,480,014 | 129,605,544 | 168,721,509 | |||||||||
Net Income (Loss) Per Share | $ | 0.02 | $ | - | $ | -0.05 | $ | - | |||||
2012 | |||||||||||||
1st | 2nd | 3rd | 4th | ||||||||||
Quarter | Quarter | Quarter | Quarter | ||||||||||
Loss from Operations | $ | -2,992,948 | $ | -3,782,261 | $ | -3,973,483 | $ | -3,985,371 | |||||
Other Income (Expense) | 54,287 | -550,855 | 225,931 | -1,112,326 | |||||||||
Net Loss | $ | -3,072,393 | $ | -4,227,245 | $ | -3,515,919 | $ | -4,459,065 | |||||
Preferred Stock Cumulative Dividend | - | - | - | -278,572 | |||||||||
Accretion of Cost of Redeemable Preferred Stock | - | - | - | -153,662 | |||||||||
Net Income (Loss) Attributable to Common Shareholders | $ | -3,072,393 | $ | -4,227,245 | $ | -3,515,919 | $ | -4,891,299 | |||||
Common Stock Data | |||||||||||||
Basic and Diluted: | |||||||||||||
Net Loss Per Share | $ | -0.03 | $ | -0.03 | $ | -0.03 | $ | -0.04 | |||||
Average Common Shares Outstanding: | |||||||||||||
Basic and Diluted | 113,960,618 | 114,428,565 | 127,188,712 | 128,257,168 | |||||||||
Recovered_Sheet1
Nature And Continuance of Operations (Details) (CAD) | 3 Months Ended | 12 Months Ended | 212 Months Ended | ||||||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2010 | |
Nature And Continuance Of Operations [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating loss | -3,996,871 | -3,964,571 | -4,490,609 | -4,928,049 | -3,985,371 | -3,973,483 | -3,782,261 | -2,992,948 | 17,380,100 | 14,734,063 | 18,615,682 | 118,539,944 | ' |
Accumulated deficit | 83,990,445 | ' | ' | ' | 92,896,376 | ' | ' | ' | 83,990,445 | 92,896,376 | ' | 83,990,445 | ' |
Cash on hand | 51,363,302 | ' | ' | ' | 75,052,836 | ' | ' | ' | 51,363,302 | 75,052,836 | 10,191,069 | 51,363,302 | 6,062,816 |
Working capital | 46,249,755 | ' | ' | ' | ' | ' | ' | ' | 46,249,755 | ' | ' | 46,249,755 | ' |
Significant_Accounting_Policie3
Significant Accounting Policies (Narrative) (Details) (CAD) | Dec. 31, 2013 | Dec. 31, 2012 | Jul. 06, 2012 | Dec. 31, 2010 | Nov. 22, 2010 |
Significant Accounting Policies [Abstract] | ' | ' | ' | ' | ' |
Current asset retirement obligations | 9,269 | 6,656 | ' | ' | ' |
Noncurrent asset retirement obligations | 51,967 | 0 | ' | ' | ' |
Exchange rate | 1.0636 | 0.9949 | 1.0186 | 0.9946 | 1.0187 |
Significant_Accounting_Policie4
Significant Accounting Policies (Schedule Of Depreciation Of Property And Equipment) (Details) | 12 Months Ended |
Dec. 31, 2013 | |
Trucks And Autos [Member] | ' |
Property Plant And Equipment [Line Items] | ' |
Property and equipment, estimated economic lives | '3 years |
Field Equipment [Member] | ' |
Property Plant And Equipment [Line Items] | ' |
Property and equipment, estimated economic lives | '5 years |
Office Equipment [Member] | ' |
Property Plant And Equipment [Line Items] | ' |
Property and equipment, estimated economic lives | '5 years |
Minimum [Member] | Building And Leasehold Improvements [Member] | ' |
Property Plant And Equipment [Line Items] | ' |
Property and equipment, estimated economic lives | '5 years |
Minimum [Member] | Computer Equipment And Software[Member] | ' |
Property Plant And Equipment [Line Items] | ' |
Property and equipment, estimated economic lives | '3 years |
Maximum [Member] | Building And Leasehold Improvements [Member] | ' |
Property Plant And Equipment [Line Items] | ' |
Property and equipment, estimated economic lives | '27 years 6 months |
Maximum [Member] | Computer Equipment And Software[Member] | ' |
Property Plant And Equipment [Line Items] | ' |
Property and equipment, estimated economic lives | '5 years |
Earnings_Per_Share_Narrative_D
Earnings Per Share (Narrative) (Details) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Preferred Stock [Member] | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' |
Shares excluded from the computation of EPS | 0 | 37,837,838 | 0 |
Stock Option And Warrants [Member] | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' |
Shares excluded from the computation of EPS | 3,370,000 | 3,718,334 | 2,553,335 |
Earnings_Per_Share_Schedule_Of
Earnings Per Share (Schedule Of Earnings Per Share Basic And Diluted Calculations) (Details) (CAD) | 3 Months Ended | 12 Months Ended | 212 Months Ended | |||||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | |
Earnings Per Share [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Loss Attributable to Common Shareholders | 103,542 | 6,411,707 | -2,436,696 | -3,600,270 | 4,891,299 | 3,515,919 | 4,227,245 | 3,072,393 | 478,283 | 15,706,856 | 15,527,179 | 93,806,893 |
Weighted-Average Common Shares For Basic (Income) Loss Per Share | 130,883,671 | 129,605,544 | 128,451,298 | 128,451,298 | ' | ' | ' | ' | 129,355,322 | 121,056,319 | 106,992,452 | ' |
Basic Loss Per Share | ' | 0.05 | -0.02 | -0.03 | ' | ' | ' | ' | ' | 0.13 | 0.15 | ' |
Effect of Gain on Change in Fair Value of Derivative Preferred Liability | ' | ' | ' | ' | ' | ' | ' | ' | 19,140,415 | ' | ' | ' |
Effect of Accretion of Redeemable Preferred Shares | ' | ' | ' | ' | ' | ' | ' | ' | -3,500,736 | ' | ' | ' |
Effect of Preferred Shares Dividend | ' | ' | ' | ' | ' | ' | ' | ' | -5,883,478 | ' | ' | ' |
Effect of Canadian Corporate Dividend Tax | ' | ' | ' | ' | ' | ' | ' | ' | -1,440,926 | ' | ' | ' |
Diluted Loss | ' | ' | ' | ' | ' | ' | ' | ' | 8,793,558 | 15,706,856 | 15,527,179 | ' |
Preferred Series A Shares | ' | ' | ' | ' | ' | ' | ' | ' | 37,837,838 | ' | ' | ' |
Stock Options | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dilutive Potential Common Shares | ' | ' | ' | ' | ' | ' | ' | ' | 37,837,838 | ' | ' | ' |
Total Shares | 168,721,509 | 129,605,544 | 167,480,014 | 166,289,136 | ' | ' | ' | ' | 167,193,160 | 121,056,319 | 106,992,452 | ' |
Diluted Loss Per Share | ' | 0.05 | ' | -0.02 | ' | ' | ' | ' | 0.05 | 0.13 | 0.15 | ' |
Fair_Value_Measurements_Detail
Fair Value Measurements (Details) (CAD) | Dec. 31, 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 | ' | -1,166,381 |
Preferred Share Liability | -8,189,720 | -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 | ' | -1,166,381 |
Preferred Share Liability | -8,189,720 | -27,330,135 |
Investments_Narrative_Details
Investments (Narrative) (Details) (CAD) | 12 Months Ended | 212 Months Ended | |||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2009 | Dec. 31, 2008 | Dec. 31, 2007 | Dec. 31, 2013 | Oct. 26, 2010 | |
Investments [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of NVX common shares issued to the company | ' | ' | ' | ' | ' | ' | ' | ' | 250,000 |
Number of NVX common share purchase warrants issued to the company | ' | ' | ' | ' | ' | ' | ' | ' | 250,000 |
Realized loss on investment | 43,125 | ' | ' | ' | ' | ' | ' | ' | ' |
Unrealized (gain) loss on investment | 13,750 | 56,250 | -13,750 | -13,125 | -53,850 | 502,225 | 120,000 | ' | ' |
Unrealized gain (loss) on investments, in statement of operations | ' | -8,933 | -15,504 | ' | ' | ' | ' | -609,220 | ' |
Investments_Investments_Detail
Investments (Investments) (Details) (CAD) | Oct. 26, 2010 | Dec. 31, 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 |
Realized/Unrealized Gains (Losses) | ' | -43,125 | -29,375 |
Fair Value | ' | ' | 13,750 |
Property_Equipment_And_Mine_De2
Property, Equipment And Mine Development (Narrative) (Details) (CAD) | 12 Months Ended | 212 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | |
Property, Equipment And Mine Development [Abstract] | ' | ' | ' | ' |
Depreciation expense | 533,181 | 400,131 | 169,694 | 1,791,592 |
Property_Equipment_And_Mine_De3
Property, Equipment And Mine Development (Schedule Of Property, Equipment And Mine Development) (Details) (CAD) | Dec. 31, 2013 | Dec. 31, 2012 |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 18,221,432 | 8,853,961 |
Accumulated depreciation | -1,470,482 | -848,002 |
Totals | 16,750,950 | 8,005,959 |
Land [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 585,974 | 548,125 |
Building And Leasehold Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 761,670 | 519,699 |
Computer Equipment And Software[Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 1,403,123 | 944,708 |
Trucks And Autos [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 422,975 | 365,747 |
Office Equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 248,370 | 190,721 |
Field Equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 287,447 | 227,850 |
Mine Development [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 14,511,873 | 6,057,111 |
Mineral_Properties_Pan_Nevada_
Mineral Properties (Pan, Nevada Narrative) (Details) (Pan [Member]) | 0 Months Ended | 0 Months Ended | ||||||
Jan. 02, 2014 | Jan. 02, 2014 | Jan. 02, 2013 | Jan. 02, 2013 | Jan. 07, 2003 | Dec. 31, 2013 | Jan. 07, 2003 | Jan. 07, 2003 | |
USD ($) | CAD | USD ($) | CAD | USD ($) | Minimum [Member] | Maximum [Member] | ||
oz | ||||||||
Property, Plant and Equipment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of ownership interests acquired | ' | ' | ' | ' | 100.00% | ' | ' | ' |
Minimum royalty from commercial production | ' | ' | ' | ' | $60,000 | ' | ' | ' |
Ounces of gold | ' | ' | ' | ' | 174 | ' | ' | ' |
Percentage of royalty from production | ' | ' | ' | ' | ' | ' | 2.50% | 4.00% |
Minimum requirement for expenditures during the term of the mining lease | ' | ' | ' | ' | 65,000 | ' | ' | ' |
Royalty payment | $231,072 | 245,768 | $287,448 | 283,194 | ' | ' | ' | ' |
Percentage of certain adjoining claims aquired through staking | ' | ' | ' | ' | ' | 100.00% | ' | ' |
Mineral_Properties_Gold_Rock_N
Mineral Properties (Gold Rock, Nevada) (Narrative) (Details) | 212 Months Ended | 0 Months Ended | 0 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Jan. 23, 2014 | Jan. 23, 2014 | Jan. 08, 2013 | Jan. 08, 2013 | Feb. 13, 2008 | Feb. 15, 2004 | Mar. 31, 2008 | Mar. 31, 2008 | Feb. 15, 2004 | Jan. 02, 2014 | Jan. 02, 2014 | Jan. 02, 2013 | Jan. 02, 2013 | Jan. 05, 2010 | Mar. 20, 2006 | Jan. 05, 2009 | Dec. 31, 2008 | Jan. 02, 2014 | Jan. 02, 2014 | Jan. 08, 2013 | Jan. 08, 2013 | Jan. 15, 2011 | Jan. 15, 2011 | Jan. 15, 2010 | Jan. 15, 2010 | Jan. 10, 2010 | Jan. 15, 2009 | Jan. 15, 2009 | Jun. 02, 2008 | Jun. 02, 2008 | Jan. 15, 2007 | Dec. 31, 2011 | Dec. 31, 2011 | Feb. 13, 2008 | Mar. 20, 2006 | Feb. 13, 2008 | Mar. 20, 2006 | Feb. 15, 2009 | Feb. 15, 2009 | Feb. 01, 2010 | Feb. 01, 2010 | Feb. 01, 2011 | Feb. 01, 2011 | Jan. 30, 2012 | Jan. 30, 2012 | Jan. 02, 2014 | Jan. 02, 2014 | Jan. 24, 2008 | Jan. 24, 2008 | Jan. 24, 2008 | Jan. 24, 2008 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2009 | Jan. 24, 2008 | Jan. 24, 2008 | Jan. 22, 2014 | Jan. 22, 2014 | Feb. 13, 2008 | Feb. 13, 2008 | Feb. 13, 2008 | Feb. 13, 2008 | Jan. 08, 2013 | Jan. 08, 2013 | Feb. 01, 2012 | Feb. 01, 2012 | Feb. 01, 2011 | Feb. 01, 2011 | Feb. 03, 2010 | Feb. 03, 2010 | Feb. 13, 2009 | Feb. 13, 2009 | Feb. 13, 2008 | Feb. 13, 2008 | Feb. 13, 2008 | |
CAD | CAD | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Year 6 [Member] | Year 6 [Member] | Year 7 [Member] | Year 7 [Member] | Year 8 [Member] | Year 8 [Member] | Year 9 [Member] | Year 9 [Member] | Messrs, Peart And Moyle [Member] | Messrs, Peart And Moyle [Member] | Messrs, Peart And Moyle [Member] | Messrs, Peart And Moyle [Member] | Messrs, Peart And Moyle [Member] | Messrs, Peart And Moyle [Member] | Messrs, Peart And Moyle [Member] | Messrs, Peart And Moyle [Member] | Messrs, Peart And Moyle [Member] | Messrs, Peart And Moyle [Member] | Messrs, Peart And Moyle [Member] | Messrs, Peart And Moyle [Member] | Messrs, Peart And Moyle [Member] | Messrs, Peart And Moyle [Member] | Mr. Panknov [Member] | Mr. Panknov [Member] | Mr. Panknov [Member] | Mr. Panknov [Member] | Mr. Panknov [Member] | Mr. Panknov [Member] | Mr. Panknov [Member] | Mr. Panknov [Member] | Mr. Panknov [Member] | Mr. Panknov [Member] | Mr. Panknov [Member] | Mr. Panknov [Member] | Mr. Panknov [Member] | Mr. Panknov [Member] | Mr. Panknov [Member] | Mr. Panknov [Member] | Mr. Panknov [Member] | Mr. Panknov [Member] | Mr. Panknov [Member] | |
USD ($) | CAD | USD ($) | CAD | USD ($) | USD ($) | USD ($) | CAD | CAD | NVMC [Member] | NVMC [Member] | NVMC [Member] | NVMC [Member] | NVMC [Member] | NVMC [Member] | NVMC [Member] | NVMC [Member] | Anchor Mineral [Member] | Anchor Mineral [Member] | Anchor Mineral [Member] | Anchor Mineral [Member] | Anchor Mineral [Member] | Anchor Mineral [Member] | Anchor Mineral [Member] | Anchor Mineral [Member] | Anchor Mineral [Member] | Anchor Mineral [Member] | Anchor Mineral [Member] | Anchor Mineral [Member] | Anchor Mineral [Member] | Anchor Mineral [Member] | Anchor Mineral [Member] | Anchor Mineral [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Years 2 to 6 [Member] | Years 2 to 6 [Member] | Years 2 to 6 [Member] | Years 2 to 6 [Member] | Years 2 to 6 [Member] | Years 2 to 6 [Member] | Years 7 to 11 [Member] | Year 12 [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Years 2 to 6 [Member] | Years 2 to 6 [Member] | Years 2 to 6 [Member] | Years 2 to 6 [Member] | Years 2 to 6 [Member] | Years 2 to 6 [Member] | Years 2 to 6 [Member] | Years 2 to 6 [Member] | Years 2 to 6 [Member] | Years 2 to 6 [Member] | Years 2 to 6 [Member] | Years 7 to 11 [Member] | Year 12 [Member] | |||
claim | USD ($) | CAD | USD ($) | CAD | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | CAD | USD ($) | CAD | USD ($) | CAD | USD ($) | CAD | USD ($) | USD ($) | CAD | USD ($) | CAD | USD ($) | CAD | NVMC [Member] | NVMC [Member] | USD ($) | CAD | USD ($) | CAD | USD ($) | CAD | USD ($) | CAD | USD ($) | CAD | USD ($) | CAD | Minimum [Member] | Maximum [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | USD ($) | CAD | USD ($) | CAD | Minimum [Member] | Maximum [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | Gold Rock [Member] | ||||||||||||||
oz | claim | claim | USD ($) | CAD | CAD | CAD | CAD | CAD | CAD | CAD | claim | claim | CAD | CAD | USD ($) | CAD | USD ($) | CAD | USD ($) | CAD | USD ($) | CAD | USD ($) | CAD | USD ($) | USD ($) | USD ($) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of ownership interests acquired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of royalty from production | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.50% | ' | ' | 0.50% | 2.50% | 2.50% | 4.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.00% | 6.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Minimum royalty from commercial production | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | 5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Advance minimum royalty payment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 45,000 | 30,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Royalty payment | ' | ' | 15,000 | 16,649 | 15,000 | 14,801 | ' | 15,000 | ' | ' | ' | 143,490 | 152,616 | 178,499 | 175,857 | 60,000 | ' | ' | ' | 67,476 | 71,768 | 67,476 | 66,579 | 30,000 | 29,955 | 20,000 | 20,917 | 30,000 | 10,000 | 12,453 | 6,000 | 6,007 | ' | 67,476 | 68,218 | ' | ' | ' | ' | 15,000 | 18,680 | 15,000 | 15,688 | 15,000 | 14,864 | 15,000 | 14,987 | 60,000 | 63,816 | 50,000 | 50,220 | ' | ' | 50,000 | 49,335 | 50,550 | 49,335 | 52,293 | 60,760 | 60,000 | 75,000 | 9,250 | 10,256 | 7,750 | 7,727 | ' | ' | 7,750 | 7,647 | 7,750 | 7,710 | 7,750 | 7,679 | 7,750 | 8,106 | 7,750 | 9,651 | 7,750 | 9,250 | 11,500 |
Term of property use | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '15 years | '15 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '15 years | '15 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of additional interest | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of unpatented mining claims | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 13 | 13 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of unpatented claims on an existing lease | ' | ' | ' | ' | ' | ' | 10 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ounces of gold | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 108.05 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Minimum requirement for expenditures during the term of the mining lease | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 75,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional contribution required for additional interest | ' | ' | ' | ' | ' | ' | 1,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Acquisition cost of business acquired | ' | ' | ' | ' | ' | ' | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Mineral lease agreement, option to purchase each claim | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 775,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Promissory Note | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock issued | 130,915,872 | 128,451,298 | ' | ' | ' | ' | ' | ' | 30,000 | 30,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Value of common shares issued | 140,834,370 | 138,304,344 | ' | ' | ' | ' | ' | ' | 86,215 | 88,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Annual lease payment | ' | ' | ' | ' | ' | ' | ' | $10,000 | ' | ' | 10,041 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Mineral_Properties_Spring_Vall
Mineral Properties (Spring Valley, Nevada) (Narrative) (Details) | 12 Months Ended | 212 Months Ended | 0 Months Ended | 1 Months Ended | 12 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 10, 2011 | Jun. 10, 2011 | Dec. 02, 2010 | Sep. 15, 2010 | Jul. 18, 2008 | Jul. 18, 2008 | Jun. 01, 2007 | Oct. 30, 2006 | Oct. 30, 2006 | 5-May-06 | 5-May-06 | Apr. 25, 2006 | Jul. 31, 2008 | Jul. 31, 2008 | Dec. 31, 2013 | Jul. 18, 2010 | Dec. 31, 2009 | 7-May-12 | Oct. 30, 2011 | Apr. 25, 2011 | Apr. 25, 2011 | Oct. 30, 2010 | Apr. 25, 2010 | Apr. 25, 2010 | Oct. 30, 2009 | Jun. 01, 2009 | Apr. 25, 2009 | Apr. 25, 2009 | Oct. 30, 2008 | Oct. 30, 2008 | Apr. 25, 2008 | Apr. 25, 2008 | Oct. 30, 2007 | Oct. 30, 2007 | Apr. 25, 2007 | Apr. 25, 2007 | Apr. 25, 2006 | Dec. 31, 2013 | Dec. 02, 2010 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Jun. 01, 2007 | Jun. 01, 2007 | Jun. 01, 2007 | |
CAD | CAD | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | 60% Interest [Member] | 70% Interest [Member] | 75% Interest [Member] | June 1, 2012 [Member] | June 1, 2014 [Member] | June 1, 2017 [Member] | ||
USD ($) | CAD | USD ($) | USD ($) | USD ($) | CAD | USD ($) | USD ($) | CAD | USD ($) | CAD | USD ($) | USD ($) | CAD | USD ($) | USD ($) | claim | USD ($) | USD ($) | USD ($) | CAD | USD ($) | USD ($) | CAD | USD ($) | USD ($) | USD ($) | CAD | USD ($) | CAD | USD ($) | CAD | USD ($) | CAD | USD ($) | CAD | CAD | Minimum [Member] | Maximum [Member] | Maximum [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | Spring Valley [Member] | ||||
claim | claim | claim | claim | acre | acre | claim | claim | oz | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | |||||||||||||||||||||||||||||||||||
Property, Plant and Equipment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of ownership interests acquired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of royalty from production | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | ' | 7.00% | ' | ' | ' | ' | ' | ' |
Royalty payment | ' | ' | ' | ' | ' | $100,000 | ' | $20,000 | 20,836 | ' | ' | ' | ' | ' | ' | ' | ' | ' | $20,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amounts receivable for recoverable salaries and expenses | ' | 102,897 | 39,379 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Joint venture, percentage of interest granted | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 60.00% | 70.00% | 75.00% | ' | ' | ' |
Joint venture, amount contributed by Barrick Gold Corporation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 30,000,000 | ' | ' | ' | ' | ' |
Term of property use | ' | ' | ' | ' | ' | '6 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '5 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of additional interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.00% | 5.00% | ' | ' | ' |
Additional contribution required for additional interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,000,000 | ' | ' | ' | ' |
Administrative Fee Charged In Addition To Monthly Billing | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage increase in royalty from production based on gold prices | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.00% | ' | 7.00% | ' | ' | ' | ' | ' | ' |
Number of unpatented mining claims | ' | ' | ' | ' | ' | ' | ' | 97 | 97 | 2 | 2 | 2 | ' | ' | 12 | ' | ' | 44 | ' | 28 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ounces of gold | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 500,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of interest on business acquired | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Acquisition cost of business acquired | ' | ' | ' | ' | ' | 2,000,000 | 150,000 | ' | ' | 500,000 | ' | ' | ' | ' | 600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,500,000 | ' | ' | ' | ' | ' | ' | ' |
Mineral lease agreement, cash paid | ' | ' | ' | ' | ' | ' | 56,250 | ' | ' | ' | 2,000 | 2,252 | 200,000 | 221,400 | 12,000 | ' | ' | 12,000 | ' | ' | 15,000 | 6,000 | 36,000 | 36,587 | 6,000 | 36,000 | 36,587 | 6,000 | 25,000 | 36,000 | 36,587 | 5,000 | 6,090 | 36,000 | 36,587 | 4,000 | 3,812 | 24,000 | 26,746 | 13,580 | ' | ' | ' | ' | ' | ' | 150,000 | 150,000 | 55,000 |
Mineral lease agreement, option to purchase each claim | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000 | ' | ' | ' | ' | ' | ' | ' | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Royalty percentage | ' | ' | ' | ' | ' | 3.00% | ' | 3.00% | 3.00% | ' | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | ' | ' | ' | ' | 2.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Area of land and mineral rights purchased | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 920 | 920 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net surface area of land purchased | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 320 | 320 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Mineral area of land purchased | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 770 | 770 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Promissory Note | ' | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 598,000 | 609,788 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Terms of option payment | ' | ' | ' | ' | ' | ' | '5 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amount received for application of benefit obligation | ' | ' | ' | $1,144,929 | 1,105,543 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Mineral_Properties_Tonopah_Pro
Mineral Properties (Tonopah Property, Nye County, Nevada) (Narrative) (Details) (Tonopah [Member]) | 0 Months Ended | 12 Months Ended | |||
Jul. 02, 2013 | Jul. 02, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |
USD ($) | CAD | USD ($) | Minimum [Member] | Maximum [Member] | |
Property, Plant and Equipment [Line Items] | ' | ' | ' | ' | ' |
Percentage of ownership interests acquired | ' | ' | 100.00% | ' | ' |
Percentage of royalty from production | ' | ' | ' | 2.00% | 7.00% |
Minimum royalty from commercial production | ' | ' | $300,000 | ' | ' |
Royalty payment date | ' | ' | '--08-15 | ' | ' |
Royalty payment | $300,000 | 316,635 | ' | ' | ' |
Mineral_Properties_Golden_Eagl
Mineral Properties (Golden Eagle, Washington) (Narrative) (Details) | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | |||||||
Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Aug. 02, 2008 | Dec. 31, 2009 | Dec. 31, 2013 | Dec. 31, 2013 | Aug. 02, 2008 | Aug. 02, 2008 | Aug. 02, 2008 | Aug. 02, 2008 | |
CAD | CAD | Golden Eagle [Member] | Golden Eagle [Member] | Golden Eagle [Member] | Golden Eagle [Member] | Golden Eagle [Member] | Golden Eagle [Member] | Golden Eagle [Member] | Golden Eagle [Member] | ||
CAD | CAD | USD ($) | CAD | USD ($) | Kinross [Member] | Kinross [Member] | HeclaLimited [Member] | ||||
USD ($) | CAD | USD ($) | |||||||||
Property, Plant and Equipment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock issued | ' | 130,915,872 | 128,451,298 | ' | ' | ' | ' | 600,000 | ' | ' | ' |
Value of common shares issued | ' | 140,834,370 | 138,304,344 | ' | ' | ' | ' | $1,500,000 | ' | ' | ' |
Shares issued, price per share | ' | ' | ' | ' | ' | ' | ' | $2.50 | ' | ' | ' |
Percentage of interest on business acquired | 50.00% | ' | ' | 25.00% | ' | ' | ' | ' | 75.00% | 75.00% | ' |
Acquisition cost of business acquired | ' | ' | ' | 500,200 | ' | ' | ' | ' | 1,500,000 | 1,537,950 | 483,333 |
Percentage of royalty from production | ' | ' | ' | ' | ' | ' | ' | ' | 2.00% | 2.00% | ' |
Title transfer costs | ' | ' | ' | ' | ' | 32,843 | 40,070 | ' | ' | ' | ' |
Additional contribution required for additional interest | ' | ' | ' | ' | 177,393 | ' | ' | ' | ' | ' | ' |
Mineral_Properties_Pinyon_Neva
Mineral Properties (Pinyon, Nevada) (Narrative) (Details) (Pinyon [Member]) | 0 Months Ended | ||||
Jan. 02, 2014 | Jan. 02, 2014 | Jan. 02, 2013 | Jan. 02, 2013 | Nov. 01, 2012 | |
USD ($) | CAD | USD ($) | CAD | CAD | |
Property, Plant and Equipment [Line Items] | ' | ' | ' | ' | ' |
Acquisition cost of business acquired | ' | ' | ' | ' | 2,000,000 |
Term of property use | ' | ' | ' | ' | '5 years |
Royalty payment | $68,824 | 73,202 | $41,884 | 41,265 | ' |
Mineral_Properties_Mineral_Pro
Mineral Properties (Mineral Property Write-Downs Narrative) (Details) | 12 Months Ended | 0 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2012 | Jun. 10, 2011 | Jun. 10, 2011 | Dec. 31, 2011 | |
CAD | CAD | Spring Valley [Member] | Spring Valley [Member] | Burnt Canyon [Member] | |
USD ($) | CAD | CAD | |||
Property, Plant and Equipment [Line Items] | ' | ' | ' | ' | ' |
Amount received for application of benefit obligation | ' | ' | $1,144,929 | 1,105,543 | ' |
Asset impairment charges | 0 | 0 | ' | 609,788 | 251,903 |
Mineral_Properties_Schedule_Of
Mineral Properties (Schedule Of Mineral Properties) (Details) (CAD) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||
Property, Plant and Equipment [Line Items] | ' | ' | ' | ||
Mineral properties, beginning | 53,200,288 | 49,922,926 | 49,563,134 | ||
Additions | 1,482,859 | 915,615 | ' | ||
Effect of Changes in FX Rates | 1,794,503 | [1] | -555,823 | [1] | ' |
Mineral properties, ending | 53,200,288 | 49,922,926 | 49,563,134 | ||
Pan [Member] | ' | ' | ' | ||
Property, Plant and Equipment [Line Items] | ' | ' | ' | ||
Mineral properties, beginning | 35,831,787 | 34,490,915 | 34,020,664 | ||
Additions | 283,194 | 294,658 | ' | ||
Effect of Changes in FX Rates | 1,057,678 | [1] | 175,593 | [1] | ' |
Mineral properties, ending | 35,831,787 | 34,490,915 | 34,020,664 | ||
Gold Rock [Member] | ' | ' | ' | ||
Property, Plant and Equipment [Line Items] | ' | ' | ' | ||
Mineral properties, beginning | 1,885,212 | 972,245 | 863,112 | ||
Additions | 810,118 | 322,487 | ' | ||
Effect of Changes in FX Rates | 102,849 | [1] | -213,354 | [1] | ' |
Mineral properties, ending | 1,885,212 | 972,245 | 863,112 | ||
Spring Valley [Member] | ' | ' | ' | ||
Property, Plant and Equipment [Line Items] | ' | ' | ' | ||
Mineral properties, beginning | 5,168,424 | 4,790,292 | 5,099,159 | ||
Additions | 31,647 | ' | ' | ||
Effect of Changes in FX Rates | 346,485 | [1] | -308,867 | [1] | ' |
Mineral properties, ending | 5,168,424 | 4,790,292 | 5,099,159 | ||
Tonopah [Member] | ' | ' | ' | ||
Property, Plant and Equipment [Line Items] | ' | ' | ' | ||
Mineral properties, beginning | 7,959,646 | 7,508,054 | 7,324,586 | ||
Additions | 316,635 | 298,470 | ' | ||
Effect of Changes in FX Rates | 134,957 | [1] | -115,002 | [1] | ' |
Mineral properties, ending | 7,959,646 | 7,508,054 | 7,324,586 | ||
Golden Eagle [Member] | ' | ' | ' | ||
Property, Plant and Equipment [Line Items] | ' | ' | ' | ||
Mineral properties, beginning | 2,310,671 | 2,161,420 | 2,255,613 | ||
Effect of Changes in FX Rates | 149,251 | [1] | -94,193 | [1] | ' |
Mineral properties, ending | 2,310,671 | 2,161,420 | 2,255,613 | ||
Pinyon Project [Member] | ' | ' | ' | ||
Property, Plant and Equipment [Line Items] | ' | ' | ' | ||
Mineral properties, beginning | 44,548 | ' | ' | ||
Additions | 41,265 | ' | ' | ||
Effect of Changes in FX Rates | 3,283 | [1] | ' | ' | |
Mineral properties, ending | 44,548 | ' | ' | ||
[1] | See Footnote 2(j) - Significant Accounting Policies: Foreign Currency Translation. |
Reclamation_Deposit_Details
Reclamation Deposit (Details) | 12 Months Ended | 12 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | |
USD ($) | CAD | USD ($) | CAD | Pan [Member] | |
USD ($) | |||||
Property Plant And Equipment [Line Items] | ' | ' | ' | ' | ' |
Reclamation deposit | $846,491 | 1,595,400 | $857,525 | 853,110 | $1,500,000 |
Duration of surety bonds | '1 year | '1 year | ' | ' | ' |
Reclamation deposits released and refunded | 857,525 | 871,203 | ' | ' | ' |
Reclamation bond | ' | ' | ' | ' | 15,000,000 |
Deposit in escrow account | ' | ' | ' | ' | 3,700,000 |
Remitted reclamation deposit in next fiscal year | ' | ' | ' | ' | $2,200,000 |
Share_Capital_Narrative_Detail
Share Capital (Narrative) (Details) | 0 Months Ended | 1 Months Ended | 12 Months Ended | 212 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 12 Months Ended | 22 Months Ended | 12 Months Ended | 0 Months Ended | 1 Months Ended | 12 Months Ended | 0 Months Ended | 1 Months Ended | 12 Months Ended | 0 Months Ended | 1 Months Ended | 12 Months Ended | 8 Months Ended | 1 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Oct. 02, 2013 | Jul. 02, 2013 | Jul. 06, 2012 | Jun. 06, 2011 | Jun. 06, 2011 | Mar. 14, 2011 | Dec. 31, 2010 | Nov. 22, 2010 | Nov. 22, 2010 | Jun. 16, 2010 | Apr. 09, 2010 | Nov. 10, 2007 | Sep. 30, 2010 | Jun. 30, 2010 | Mar. 31, 2008 | Jan. 31, 2006 | Dec. 31, 2013 | 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, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Jul. 06, 2012 | Dec. 31, 1998 | Dec. 31, 2002 | Dec. 31, 2002 | Dec. 31, 2002 | Apr. 09, 2010 | Apr. 09, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Jul. 29, 2013 | Sep. 23, 2011 | Dec. 31, 1998 | Dec. 31, 1997 | Dec. 31, 1997 | Dec. 31, 2002 | Oct. 11, 2008 | Dec. 31, 2007 | Apr. 30, 2007 | Dec. 31, 2008 | Mar. 14, 2011 | Jul. 31, 2012 | Jul. 31, 2012 | Nov. 30, 2010 | Nov. 30, 2010 | Dec. 31, 1997 | Apr. 09, 2010 | 16-May-07 | Apr. 30, 2010 | Nov. 30, 2008 | Aug. 31, 2008 | Aug. 31, 2008 | Jun. 30, 2008 | Aug. 31, 2007 | Nov. 30, 2006 | 31-May-06 | Aug. 31, 2005 | Jul. 31, 2005 | Feb. 28, 2005 | Dec. 31, 2004 | Aug. 31, 2004 | Jan. 31, 2004 | Dec. 31, 2009 | Dec. 31, 2005 | Dec. 31, 2004 | Dec. 31, 2003 | Dec. 31, 1998 | Dec. 31, 1997 | Dec. 31, 1996 | Dec. 31, 1996 | Apr. 30, 2010 | Apr. 30, 2010 | Apr. 30, 2010 | Nov. 30, 2006 | Dec. 31, 2001 | Dec. 31, 2000 | Dec. 31, 1999 | Dec. 31, 1998 | Dec. 31, 1997 | Dec. 31, 2002 | Dec. 31, 2002 | Dec. 31, 2012 | |
CAD | CAD | USD ($) | USD ($) | CAD | CAD | USD ($) | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | USD ($) | USD ($) | CAD | Warrant 1 [Member] | Warrant 2 [Member] | Warrant 3 [Member] | Warrant 4 [Member] | Period 1 [Member] | Period 2 [Member] | Maximum [Member] | Maximum [Member] | 2008 Stock Option Plan [Member] | 2008 Stock Option Plan [Member] | 2008 Stock Option Plan [Member] | 2013 Stock Option Plan [Member] | At The Market [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 Sub-Allocation [Member] | Principal Shares [Member] | Principal Shares [Member] | Principal Shares [Member] | Principal Shares [Member] | Principal Shares [Member] | Short Form Offering [Member] | Short Form Offering [Member] | Warrant Liability [Member] | ||||
CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | USD ($) | CAD | CAD | USD ($) | CAD | USD ($) | CAD | CAD | CAD | CAD | CAD | USD ($) | 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] | CAD | CAD | CAD | Warrant 1 [Member] | CAD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
CAD | CAD | CAD | CAD | CAD | CAD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued | 1,260,144 | 1,166,930 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11,078,666 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 69,110 | 637,736 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,261,562 | 12,261,562 | 6,660,000 | 6,660,000 | 2,000,000 | ' | ' | 1,333,333 | 12,500,000 | 600,000 | 600,000 | 1,421,500 | 2,000,000 | 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 | ' | ' | ' | ' | ' | ' | ' | ' | 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 | 2.5 | 1.8 | 1.4 | 1.15 | 0.85 | 0.85 | 0.75 | 2 | ' | ' | ' | 1.2 | ' | 2.5 | 0.25 | 0.25 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.25 | ' | ' |
Proceeds from Common stock issued, net of issue costs | 1,242,549 | 1,253,352 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,142,202 | ' | ' | 21,000 | 16,027,987 | 19,839,451 | ' | ' | ' | ' | ' | ' | ' | ' | 1,171,286 | ' | ' | 103,870,381 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100,434 | 1,554,957 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $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 | ' | ' | ' | ' | 5,000,000 | 6,705,000 | 700,000 | 1,150,000 | 2,125,000 | 595,000 | 765,000 | 800,000 | ' | ' | ' | 840,000 | ' | 2,253,793 | ' | ' | ' | ' | ' | 2,000,000 | ' | ' | ' | ' | ' | ' | 875,000 | ' |
Purchase of additional Common shares, per share | ' | ' | $1.85 | ' | ' | ' | ' | $0.90 | ' | 0.8 | ' | ' | ' | 0.8 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.9 | 0.8 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $2 | ' | ' | ' | ' | ' | ' | ' | $1.85 | ' | $0.90 | ' | ' | ' | ' | ' | 0.28 | ' | ' | ' | ' | ' | 2.7 | 1.45 | 1.15 | 1 | 1 | 0.8 | 2.35 | ' | ' | ' | 1.5 | ' | 3 | ' | ' | 0.7 | 0.8 | 0.9 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
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 | ' | ' | ' | ' | ' | 2,650,000 | ' | ' | ' | 658,840 | ' | 908,782 | 12,500 | 658,840 | ' | ' | ' | 1,533,650 | ' | ' | ' | ' | ' | ' | ' | ' | 294,500 | ' | ' | ' | ' | ' | ' | ' | 100,000 | 1,134,500 | 170,175 | 4,028,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 761,823 | 870,323 | 108,500 | 2,650,000 | ' | ' | ' | ' | ' | ' | 1,725,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,500,000 | 23,000 | 161,000 | ' | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock warrants expired | ' | ' | ' | ' | ' | 680,000 | ' | ' | ' | ' | ' | 91,218 | ' | ' | ' | ' | ' | 24,000 | 680,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 70,000 | ' | ' | ' | 680,000 | ' | ' | ' | ' | ' | ' | 137,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 539,000 | ' | 900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
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 | ' | ' | ' | ' | 1,226,920 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,418,125 | ' | ' | ' | ' | ' | ' | 300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,000,000 | 2,803,205 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issue of shares as a finders' fee, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 150,000 | 150,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 75,800 | 18,750 | 55,650 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share purchase warrants exercisable price per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.8 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.25 | 1.55 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.25 | ' |
Proceeds from warrants | ' | ' | ' | ' | ' | ' | ' | ' | 918,870 | 1,504,997 | ' | ' | ' | 1,504,997 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 73,625 | 246,839 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,007,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,616,006 | ' | ' | 918,870 | ' | 285,635 | ' | 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 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 37,500 | 737,501 | ' | ' | 33,333 | 395,000 | ' | ' | ' | ' | ' | 32,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 37,500 | 737,501 | 729,997 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 154,000 | 308,000 | 84,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from stock options exercised | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 21,000 | 425,685 | ' | ' | 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 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,437,675 | ' | 176,288 | ' | ' | ' | 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 | ' | ' | 40,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of share purchase warrants, value | ' | ' | ' | ' | ' | ' | ' | ' | ' | 212,109 | ' | ' | ' | 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 | ' | ' | 0.29% | ' | ' | ' | 1.70% | 1.57% | 1.57% | 1.82% | 1.84% | ' | ' | ' | ' | ' | 1.37% | 0.84% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.18% |
Volatility rate | ' | ' | 76.00% | ' | ' | ' | 118.00% | 102.00% | 102.00% | 131.00% | 130.00% | ' | ' | ' | ' | ' | 47.10% | 50.80% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 59.00% |
Expected life | ' | ' | '18 months | ' | ' | ' | '22 months 21 days | '24 months | '24 months | '24 months | '18 months | ' | ' | ' | ' | ' | ' | '18 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '12 months 1 day |
Exchange rate | ' | ' | ' | ' | ' | ' | 0.9946 | ' | 1.0187 | ' | ' | ' | ' | ' | ' | ' | 1.0636 | 0.9949 | ' | 0.9946 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.0636 | ' | ' | 1.0186 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.9949 |
Fair value per warrant | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.81 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.81 | $0.81 | $1.39 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Bought deal offering | ' | ' | ' | 7,500,000 | 7,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common Stock Issuable Shares, Authorized | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maximum number of shares issuable under the plan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 16,628,914 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of aggregate number of shares that may be reserved for issuance pursuant to stock options | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.00% | ' | ' | ' | 10.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Minimum percentage of exercise price to the fair value market valeue of common shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Expected term | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '10 years | ' | '3 years 26 days | '3 years 6 months 26 days | '3 years 3 months 4 days | '2 years 11 months 12 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock options term, upon termination of optionee's employment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '3 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock options term, upon death or disability | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '12 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Estimated unrecognized compensation cost from unvested options | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 324,428 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 324,428 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 135,273 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Estimated unrecognized compensation cost from unvested options remaining vesting period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '1 year 2 months 12 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '2 years 9 months 7 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrants issued | ' | ' | 6,130,781 | ' | ' | ' | ' | 3,330,000 | 3,330,000 | 5,539,333 | 1,333,333 | ' | ' | ' | ' | ' | ' | 6,130,781 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding warrants | ' | ' | ' | ' | ' | ' | 10,849,006 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,557,650 | 10,849,006 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,130,781 | 6,130,781 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding warrants, exercise price | ' | ' | ' | ' | ' | ' | 0.83 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.85 | 1.85 | 0.8 | 0.83 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.85 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value of warrants | ' | ' | ' | ' | ' | ' | 1,562,544 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | 1,562,544 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | 2,616,006 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,166,381 |
Share Price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.81 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.81 | $0.81 | $1.39 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise price of warrants | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.85 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise price of warrant, exercise period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '18 months | '18 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average remaining contractual term | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '2 years 4 months 10 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '4 years 9 months 18 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain on change in fair value of derivative liabilities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,166,381 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share_Capital_StockBased_Compe
Share Capital (Stock-Based Compensation) (Details) (CAD) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Stock-based compensation | 1,174,509 | 1,593,140 | 3,626,681 |
Salaries And Benefits [Member] | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Stock-based compensation | 920,197 | 1,358,661 | 3,096,787 |
Mineral Exploration Expenditures [Member] | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Stock-based compensation | 186,534 | 175,498 | 312,794 |
Consulting [Member] | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Stock-based compensation | 67,778 | 58,981 | 217,100 |
Share_Capital_Weighted_Average
Share Capital (Weighted Average Grant Date Fair Value Of Options) (Details) (CAD) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
2008 Stock Option Plan [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Unvested Beginning of Year | 2.12 | 1.8 | 0.63 |
Granted | 0.55 | 1.89 | 1.81 |
Vested | 0.97 | 1.15 | 1.12 |
Expired | 0.97 | 1.46 | 1.7 |
Unvested End of Period | 0.55 | 2.12 | 1.8 |
2013 Stock Option Plan [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Granted | 0.41 | ' | ' |
Unvested End of Period | 0.41 | ' | ' |
Share_Capital_Weighted_Average1
Share Capital (Weighted Average Assumptions In Calculating The Fair Value Of The Options Issued) (Details) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
2008 Stock Option Plan [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Weighted-Average Risk-Free Rate | 0.21% | 1.47% | 1.29% |
Dividend Yield | ' | ' | ' |
Expected Life | '3 years 26 days | '3 years 6 months 26 days | '3 years 3 months 4 days |
Volatility | 73.06% | 112.91% | 113.32% |
2013 Stock Option Plan [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Weighted-Average Risk-Free Rate | 0.12% | ' | ' |
Dividend Yield | ' | ' | ' |
Expected Life | '2 years 11 months 12 days | ' | ' |
Volatility | 69.96% | ' | ' |
Share_Captial_Activity_For_Com
Share Captial (Activity For Compensatory Stock Options) (Details) | 12 Months Ended | 12 Months Ended | ||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2009 | Dec. 31, 2008 | Dec. 31, 2002 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | |
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] | ||||||
CAD | CAD | CAD | USD ($) | USD ($) | ||||||
Number of Shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning Balance | ' | ' | ' | ' | ' | 7,817,501 | 8,881,668 | 6,460,000 | 9,645,834 | ' |
Granted | ' | ' | ' | ' | ' | 2,745,000 | 250,000 | 3,870,000 | ' | 399,000 |
Exercised | -37,500 | -737,501 | -33,333 | -395,000 | -32,000 | -37,500 | -737,501 | -729,997 | ' | ' |
Cancelled | ' | ' | ' | ' | ' | -879,167 | -576,666 | -718,335 | ' | ' |
Ending Balance | ' | ' | ' | ' | ' | ' | 7,817,501 | 8,881,668 | 9,645,834 | 399,000 |
Weighted Average Exercise Price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning Balance | ' | ' | ' | ' | ' | 1.35 | 1.36 | 1.05 | $1.27 | ' |
Granted | ' | ' | ' | ' | ' | 1.14 | 1.89 | 1.8 | ' | $0.87 |
Exercised | ' | ' | ' | ' | ' | 0.56 | 0.58 | 0.62 | ' | ' |
Cancelled | ' | ' | ' | ' | ' | 1.55 | 2.73 | 2.15 | ' | ' |
Ending Balance | ' | ' | ' | ' | ' | 1.27 | 1.35 | 1.36 | $1.27 | $0.87 |
Aggregate Intrinsic Value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding, Beginning balance | ' | ' | ' | ' | ' | 2,570,692 | 6,318,733 | 652,367 | ' | ' |
Exercised | ' | ' | ' | ' | ' | ' | 255,292 | 50,866 | ' | ' |
Outstanding, Ending balance | ' | ' | ' | ' | ' | 632,800 | 2,570,692 | 6,318,733 | ' | ' |
Number of Shares Exercisable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding, Beginning balance | ' | ' | ' | ' | ' | 7,082,504 | 5,341,667 | 5,341,667 | 8,122,490 | ' |
Outstanding, Ending balance | ' | ' | ' | ' | ' | ' | 7,082,504 | 5,341,667 | 8,122,490 | ' |
Share_Capital_Outstanding_Comp
Share Capital (Outstanding Compensatory Stock Options) (Details) | 12 Months Ended | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |
2008 Stock Option Plan [Member] | 2008 Stock Option Plan [Member] | 2008 Stock Option Plan [Member] | 2008 Stock Option Plan [Member] | 2008 Stock Option Plan [Member] | 2008 Stock Option Plan [Member] | 2008 Stock Option Plan [Member] | 2008 Stock Option Plan [Member] | 2008 Stock Option Plan [Member] | 2013 Stock Option Plan [Member] | 2013 Stock Option Plan [Member] | 2013 Stock Option Plan [Member] | 2013 Stock Option Plan [Member] | 2013 Stock Option Plan [Member] | |
USD ($) | CAD | CAD | CAD | CAD | $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] | $1.01 - $1.60 [Member] | $1.61 - $2.20 [Member] | $2.21 - $2.80 [Member] | |
USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | 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 | $1.01 | $1.61 | $2.21 |
Exercise Prices, Upper Range | ' | ' | ' | ' | ' | $1 | $1.60 | $2.20 | $2.80 | ' | $1 | $1.60 | $2.20 | $2.80 |
Options Outstanding Number of Shares | 9,645,834 | 9,645,834 | 7,817,501 | 8,881,668 | 6,460,000 | 4,096,667 | 2,481,667 | 3,017,500 | 50,000 | 399,000 | 399,000 | ' | ' | ' |
Options Outstanding Remaining Contractual Life (in years) | '2 years 4 months 24 days | '2 years 4 months 24 days | ' | ' | ' | '1 year 2 months 12 days | '4 years 1 month 6 days | '2 years 6 months | '2 years 7 months 6 days | '4 years 9 months 18 days | '4 years 9 months 18 days | ' | ' | ' |
Options Outstanding Weighted Average Exercise Price | $1.27 | 1.27 | 1.35 | 1.36 | 1.05 | $0.73 | $1.18 | $2.07 | $2.34 | $0.87 | $0.87 | ' | ' | ' |
Options Exercisable Number Exercisable | 8,122,490 | 8,122,490 | 7,082,504 | 5,341,667 | 5,341,667 | 4,096,667 | 958,323 | 3,017,500 | 50,000 | ' | ' | ' | ' | ' |
Options Exercisable Weighted Average Exercise Price | $1.30 | ' | ' | ' | ' | $0.73 | $1.22 | $2.07 | $2.34 | ' | ' | ' | ' | ' |
Options Exercisable Aggregate Intrinsic Value | $632,800 | ' | ' | ' | ' | $632,800 | ' | ' | ' | ' | ' | ' | ' | ' |
Share_Capital_Summary_Of_Stock
Share Capital (Summary Of Stock Purchase Warrants) (Details) (CAD) | 0 Months Ended | 12 Months Ended | |||||||
Jul. 06, 2012 | Mar. 14, 2011 | Nov. 22, 2010 | Jun. 16, 2010 | Apr. 09, 2010 | Nov. 10, 2007 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | |
Number of Warrants | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance, Beginning balance | ' | ' | ' | ' | ' | ' | 1,557,650 | 10,849,006 | 6,130,781 |
Issued | 6,130,781 | ' | 3,330,000 | 5,539,333 | 1,333,333 | ' | 6,130,781 | ' | ' |
Exercised | ' | ' | ' | ' | ' | ' | -1,533,650 | -8,611,356 | ' |
Expired | ' | -680,000 | ' | ' | ' | -91,218 | -24,000 | -680,000 | ' |
Balance, Ending balance | ' | ' | ' | ' | ' | ' | 6,130,781 | 1,557,650 | 6,130,781 |
Weighted Average Exercise Price | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance, Beginning balance | ' | ' | ' | ' | ' | ' | 0.8 | 0.83 | 1.85 |
Issued | ' | ' | ' | ' | ' | ' | 1.85 | ' | ' |
Exercised | ' | ' | ' | ' | ' | ' | 0.8 | 0.76 | ' |
Expired | ' | ' | ' | ' | ' | ' | 0.8 | 0.9 | ' |
Balance, Ending balance | ' | ' | ' | ' | ' | ' | 1.85 | 0.8 | 1.85 |
Remaining Contractual Life (in years) | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance, Beginning balance | ' | ' | ' | ' | ' | ' | '4 months 24 days | '1 year 2 months 12 days | '7 days |
Issued | ' | ' | ' | ' | ' | ' | '1 year 3 months 7 days | ' | ' |
Balance, Ending balance | ' | ' | ' | ' | ' | ' | '1 year 7 days | '4 months 24 days | '7 days |
Redeemable_Preferred_Stock_Nar
Redeemable Preferred Stock (Narrative) (Details) | 0 Months Ended | 1 Months Ended | 12 Months Ended | 212 Months Ended | 1 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||
Feb. 26, 2014 | Jul. 06, 2012 | Jun. 06, 2011 | Dec. 31, 2010 | Nov. 22, 2010 | Jun. 16, 2010 | Apr. 09, 2010 | Dec. 31, 2012 | Dec. 31, 2012 | Jun. 30, 2010 | Mar. 31, 2008 | Dec. 13, 2012 | Dec. 31, 2013 | Dec. 31, 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 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | |
CAD | CAD | USD ($) | CAD | CAD | CAD | CAD | USD ($) | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | Series A Preferred Stock [Member] | Series A Preferred Stock [Member] | Series A Preferred Stock [Member] | Series A Preferred Stock [Member] | Converted Scenario [Member] | Converted Scenario [Member] | EREF-Mid II LLC And HCP-Mid LLC [Member] | ||||||
USD ($) | CAD | USD ($) | CAD | Series A Preferred Stock [Member] | Series A Preferred Stock [Member] | Series A Preferred Stock [Member] | ||||||||||||||||||||||||||
USD ($) | USD ($) | |||||||||||||||||||||||||||||||
Temporary Equity [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred Shares, issued | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 37,837,838 | 37,837,838 | 37,837,838 | ' | ' | 37,837,838 | 17,837,838 |
Preferred stock, redemption price per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1.85 | ' | $1.85 | ' | $0.81 | ' | ' |
Preferred stock, outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 37,837,838 | 37,837,838 | 37,837,838 | ' | ' | ' | ' |
Gross proceeds from issuance of preferred shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 68,295,156 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 68,295,156 | $70,000,000 | ' | ' | 68,936,000 | $30,648,649 | ' | ' |
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 | ' | ' | 640,844 | ' | ' | ' | ' | ' |
Dividend payment terms | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'The first payment of dividends was on April 1, 2013 and each dividend is payable thereafter on the first business day of the subsequent quarters during the term of the Series A Preferred Shares. | 'The first payment of dividends was on April 1, 2013 and each dividend is payable thereafter on the first business day of the subsequent quarters during the term of the Series A Preferred Shares. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value of the embedded derivative liability | ' | ' | ' | ' | ' | ' | ' | ' | 27,330,135 | ' | ' | 24,695,846 | ' | 8,189,720 | 27,330,135 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,189,720 | ' | 229,578 | ' | 229,578 | ' | ' | ' |
Direct issuance costs allocated to Preferred Stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 411,266 | ' | 314 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred shares, annual dividend rate | ' | ' | ' | ' | ' | ' | ' | 8.00% | 8.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average price per common shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $3.70 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Series A Preferred Shares, conversion basis | ' | ' | ' | ' | ' | ' | ' | '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 US$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. | '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 US$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. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Volatility rate | ' | 76.00% | ' | 118.00% | 102.00% | 131.00% | 130.00% | ' | ' | ' | ' | ' | 47.10% | 47.10% | 50.80% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Consecutive trading days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '20 days | '20 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Period from issuance date for holders to redeem shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '5 years | ' | ' | ' | ' |
Share Price | ' | ' | ' | ' | ' | ' | ' | $1.39 | ' | ' | ' | ' | $0.81 | 0.81 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.81 | ' | ' | ' | ' | ' | $1.85 | ' |
Liquidation preference percentage of initial issuance price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 125.00% | ' | ' | ' | ' |
Preferred dividend tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,440,926 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Payment of preferred dividend tax | 1,036,551 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Tax deduction ratio | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.5 | 3.5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notice in writing period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '30 days | '30 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain (loss) on embedded derivative liability | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19,140,415 | -2,863,867 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain on change in fair value of derivative liabilities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,166,381 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redeemable_Preferred_Stock_Sch
Redeemable Preferred Stock (Schedule Of Dividends) (Details) (Series A Preferred Stock [Member], CAD) | 12 Months Ended |
Dec. 31, 2013 | |
Dividends Payable [Line Items] | ' |
Dividend Per Share | 0.16 |
Total Dividend | 6,162,050 |
Installment 1 FY2013 [Member] | ' |
Dividends Payable [Line Items] | ' |
Date Declared | 11-Mar-13 |
Record Date | 25-Mar-13 |
Dividend Per Share | 0.04 |
Total Dividend | 1,699,140 |
Payment Date | 1-Apr-13 |
Installment 2 FY2013 [Member] | ' |
Dividends Payable [Line Items] | ' |
Date Declared | 20-Jun-13 |
Record Date | 24-Jun-13 |
Dividend Per Share | 0.04 |
Total Dividend | 1,479,868 |
Payment Date | 2-Jul-13 |
Payment Type, Number of shares | 1,166,930 |
Installment 3 FY2013 [Member] | ' |
Dividends Payable [Line Items] | ' |
Date Declared | 17-Sep-13 |
Record Date | 23-Sep-13 |
Dividend Per Share | 0.04 |
Total Dividend | 1,467,197 |
Payment Date | 1-Oct-13 |
Payment Type, Number of shares | 1,260,144 |
Installment 4 FY2013 [Member] | ' |
Dividends Payable [Line Items] | ' |
Date Declared | 19-Dec-13 |
Record Date | 23-Dec-13 |
Dividend Per Share | 0.04 |
Total Dividend | 1,515,845 |
Payment Date | 2-Jan-14 |
Payment Type, Number of shares | 1,485,728 |
Redeemable_Preferred_Stock_Inp
Redeemable Preferred Stock (Inputs Used In Determining Fair Value) (Details) | 0 Months Ended | 12 Months Ended | ||||||||
Jul. 06, 2012 | Dec. 31, 2010 | Nov. 22, 2010 | Jun. 16, 2010 | Apr. 09, 2010 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 13, 2012 | |
CAD | CAD | CAD | USD ($) | CAD | USD ($) | CAD | CAD | |||
Redeemable Preferred Stock [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value | ' | ' | ' | ' | ' | ' | 8,189,720 | ' | 27,330,135 | 24,695,846 |
Volatility | 76.00% | 118.00% | 102.00% | 131.00% | 130.00% | 47.10% | 47.10% | 50.80% | 50.80% | ' |
Credit Spread | ' | ' | ' | ' | ' | 17.70% | 17.70% | 20.00% | 20.00% | ' |
Common Stock Closing Price | ' | ' | ' | ' | ' | $0.81 | 0.81 | $1.39 | ' | ' |
Risk-Free Rate | 0.29% | 1.70% | 1.57% | 1.82% | 1.84% | 1.37% | 1.37% | 0.84% | 0.84% | ' |
Exchange Rate | 1.0186 | 0.9946 | 1.0187 | ' | ' | ' | 1.0636 | ' | 0.9949 | ' |
Redeemable_Preferred_Stock_Rec
Redeemable Preferred Stock (Reconciliation Of Initial Proceeds) (Details) (CAD) | 1 Months Ended | 12 Months Ended | ||
Dec. 31, 2012 | Dec. 13, 2012 | Dec. 31, 2013 | Dec. 31, 2011 | |
Redeemable Preferred Stock [Abstract] | ' | ' | ' | ' |
Initial Proceeds | ' | 68,936,000 | ' | ' |
Direct Issue Costs Allocated to Preferred Shares | ' | -411,266 | -314 | ' |
Bifurcated Embedded Derivative Liability | -27,330,135 | -24,695,846 | -8,189,720 | ' |
Balance at December 13, 2012 | 44,261,122 | 43,828,888 | 47,482,972 | 43,828,888 |
Aggregate difference between initial and carrying amount | 25,107,112 | ' | ' | ' |
Accrected period | ' | ' | '5 years | ' |
Series A Preferred Shares | ' | ' | 75,967,845 | ' |
Redeemable_Preferred_Stock_Cha
Redeemable Preferred Stock (Change In Carrying Amount Of Redeemable Preferred Stock) (Details) (CAD) | 3 Months Ended | 12 Months Ended | 212 Months Ended | ||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Dec. 13, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | |
Redeemable Preferred Stock [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance | ' | ' | ' | 44,261,122 | ' | 43,828,888 | 44,261,122 | 43,828,888 | ' |
Accretion of Redeemable Preferred Shares | 802,792 | 949,370 | 891,024 | 857,550 | 153,662 | ' | 3,500,736 | 153,662 | 3,654,398 |
Preferred Share Cumulative Dividend | 1,515,845 | 1,478,516 | 1,469,385 | 1,419,732 | 278,572 | ' | 5,883,478 | 278,572 | 6,162,050 |
Declared Preferred Share Cumulative Dividend | ' | ' | ' | ' | ' | ' | -6,162,050 | ' | ' |
Share Issuance Costs | ' | ' | ' | ' | ' | -411,266 | -314 | ' | ' |
Balance | 47,482,972 | ' | ' | ' | 44,261,122 | 43,828,888 | 47,482,972 | 44,261,122 | 47,482,972 |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive (Income) Loss (Details) (CAD) | 12 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2008 | Oct. 26, 2010 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Beginning balance | 436,344 | -26,875 | ' | ' |
Other Comprehensive (Income) Loss Before Reclassifications | -2,520,142 | 463,219 | ' | ' |
Amounts Reclassified from Accumulated Other Comprehensive Income | -43,125 | ' | -622,225 | ' |
Ending balance | -2,126,923 | 436,344 | ' | ' |
Number of NVX common shares issued to the company | ' | ' | ' | 250,000 |
Accumulated Other Comprehensive Loss [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Amounts Reclassified from Accumulated Other Comprehensive Income | -43,125 | ' | -622,225 | ' |
Unrealized (Gain) Loss On Investment [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Beginning balance | 29,375 | -26,875 | ' | ' |
Other Comprehensive (Income) Loss Before Reclassifications | 13,750 | 56,250 | ' | ' |
Amounts Reclassified from Accumulated Other Comprehensive Income | -43,125 | ' | ' | ' |
Ending balance | ' | 29,375 | ' | ' |
Currency Translation Adjustment [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Beginning balance | 406,969 | ' | ' | ' |
Other Comprehensive (Income) Loss Before Reclassifications | -2,533,892 | 406,969 | ' | ' |
Amounts Reclassified from Accumulated Other Comprehensive Income | ' | ' | ' | ' |
Ending balance | -2,126,923 | 406,969 | ' | ' |
Commitments_And_Contingencies_1
Commitments And Contingencies (Details) (CAD) | Dec. 31, 2013 |
Commitments And Contingencies [Abstract] | ' |
Unconditional purchase obligation related to the development of the Pan project | 5,823,334 |
Operating Lease Obligations, 2014 | 326,731 |
Operating Lease Obligations, 2015-2016 | 588,959 |
Operating Lease Obligations, 2017-2018 | 586,444 |
Operating Lease Obligations, Thereafter | 427,615 |
Operating Lease Obligations, Total | 1,929,749 |
Contractual Obligations, 2014 | 5,868,679 |
Contractual Obligations, 2015-2016 | 5,531 |
Contractual Obligations, 2017-2018 | 2,553 |
Contractual Obligations, Total | 5,876,763 |
Total, 2014 | 6,195,410 |
Total, 2015-2016 | 594,490 |
Total, 2017-2018 | 588,997 |
Total, Therafter | 427,615 |
Total | 7,806,512 |
Related_Party_Transactions_Det
Related Party Transactions (Details) (CAD) | 12 Months Ended | 12 Months Ended | |||||
Dec. 31, 2013 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | |
Chief Financial Officer [Member] | Chief Financial Officer [Member] | Former Chief Executive Officer [Member] | Former Chief Executive Officer [Member] | Directors and Officers [Member] | Directors and Officers [Member] | ||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Amount paid under consulting agreement | 61,994 | ' | ' | 65,776 | 110,723 | ' | ' |
Amount payable to related party | ' | ' | 0 | 0 | ' | 27,730 | 15,032 |
Consulting fees paid | ' | 34,500 | ' | ' | ' | ' | ' |
Financial_Instruments_Details
Financial Instruments (Details) (CAD) | Dec. 31, 2013 | Dec. 31, 2012 |
Financial Instruments [Abstract] | ' | ' |
Accounts payable | 2,879,730 | 1,710,674 |
Supplemental_Disclosures_Of_Ca2
Supplemental Disclosures Of Cash Flow Information (Details) (CAD) | 3 Months Ended | 12 Months Ended | 212 Months Ended | ||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | |
Supplemental Disclosures Of Cash Flow Information [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred Share Cumulative Dividend, including Accrual | 1,515,845 | 1,478,516 | 1,469,385 | 1,419,732 | 278,572 | 5,883,478 | 278,572 | ' | 6,162,050 |
Accretion of Redeemable Preferred Shares | 802,792 | 949,370 | 891,024 | 857,550 | 153,662 | 3,500,736 | 153,662 | ' | 3,654,398 |
Common Share Issuance for Payment of Preferred Dividend | ' | ' | ' | ' | ' | 2,495,901 | ' | ' | ' |
Transfer of Fair Value of Share Purchase Warrants Exercised or Expired from Warrant Liability (Note 9) to Share Capital | ' | ' | ' | ' | ' | ' | ' | 2,154,570 | ' |
Income_Taxes_Narrative_Details
Income Taxes (Narrative) (Details) (CAD) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Other Tax Carryforward [Line Items] | ' | ' |
Available operating losses for tax purposes, expiration date | ' | 'until 2033 |
Tax penalties and interest incurred | 0 | 0 |
Valuation allowance | 17,495,599 | 18,308,263 |
Canada [Member] | ' | ' |
Other Tax Carryforward [Line Items] | ' | ' |
Available operating losses for tax purposes | 4,103,000 | 11,490,000 |
Capital losses | 7,273,000 | 7,273,000 |
Valuation allowance | 1,962,653 | 3,824,102 |
United States [Member] | ' | ' |
Other Tax Carryforward [Line Items] | ' | ' |
Available operating losses for tax purposes | 32,512,000 | 22,060,000 |
Valuation allowance | 15,532,946 | 14,484,161 |
Income_Taxes_Sources_Of_Income
Income Taxes (Sources Of Income (Loss) Before Incomes Taxes) (Details) (CAD) | 12 Months Ended | 212 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | |
Income Taxes [Abstract] | ' | ' | ' | ' |
Canada | 8,444,079 | -3,684,614 | -3,225,471 | ' |
United States | -1,383,007 | -12,432,412 | -14,904,486 | ' |
Income (Loss) Before Income Taxes | 7,061,072 | -16,117,026 | -18,129,957 | -94,389,694 |
Income_Taxes_Income_Tax_Expens
Income Taxes (Income Tax Expense (Benefit) Attributable To Income (Loss) Before Income Taxes) (Details) (CAD) | 12 Months Ended | 212 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | |
Income Taxes [Abstract] | ' | ' | ' | ' |
Current, Canada | 1,440,926 | ' | ' | ' |
Total Current | 1,440,926 | ' | ' | ' |
Deferred, Canada | 3,283,165 | -301,519 | -4,200,400 | ' |
Deferred, United States | -3,503,337 | -3,952,996 | -457,430 | ' |
Valuation Allowance | -3,065,613 | 3,412,111 | 2,055,052 | ' |
Total Deferred | -3,285,785 | -842,404 | -2,602,778 | -11,840,175 |
Income_Taxes_Majority_Of_The_D
Income Taxes (Majority Of The Differences Between The Actual Tax Recovery And The Expected B.C. Statutory Corporate Income Tax Recovery) (Details) (CAD) | 12 Months Ended | 212 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | |
Income Taxes [Abstract] | ' | ' | ' | ' |
Canadian Statutory Income Tax Rate | 25.75% | 25.00% | 26.50% | ' |
Income Tax Expense (Benefit) Computed at Canadian Statutory Rate | 1,866,907 | -4,029,257 | -4,896,766 | ' |
Change in Valuation Allowance | -1,687,835 | 3,412,111 | 2,055,052 | ' |
Change in Fair Value of Warrant Derivative | -5,228,955 | ' | ' | ' |
Change in Effective Tax Rate | -442,995 | ' | ' | ' |
Other Permanent Differences | 258,576 | 783,449 | 716,880 | ' |
Foreign Tax Rates | -1,179,148 | -1,118,917 | -652,162 | ' |
Tax on Preferred Dividends Net of Deduction | 138,753 | ' | ' | ' |
Capital Gain Tax Rate Difference | -536,900 | ' | ' | ' |
Tax Impact Related to Restructuring | 4,183,716 | ' | ' | ' |
Expiration of Losses and Other | 783,022 | 110,210 | 174,218 | ' |
Income Tax Recovery | -1,844,859 | -842,404 | -2,602,778 | -10,399,249 |
Income_Taxes_Significant_Compo
Income Taxes (Significant Components Of Future Income Tax Assets And Liabilities) (Details) (CAD) | Dec. 31, 2013 | Dec. 31, 2012 |
Deferred Income Tax Assets: | ' | ' |
Total Deferred Income Tax Assets | 25,159,964 | 20,701,876 |
Valuation Allowance | -17,495,599 | -18,308,263 |
Total Deferred Income Tax Assets, Net | 7,664,365 | 2,393,613 |
Deferred Income Tax Liabilities: | ' | ' |
Deferred Income Tax Liabilities | -7,664,365 | -5,566,126 |
Net Deferred Income Tax Assets (Liabilities) | ' | -3,172,513 |
United States [Member] | ' | ' |
Deferred Income Tax Assets: | ' | ' |
Equipment, Mineral Properties and Other | 10,449,599 | 9,405,759 |
Non-Capital Losses Carried Forward | 12,040,451 | 7,472,016 |
Valuation Allowance | -15,532,946 | -14,484,161 |
Deferred Income Tax Liabilities: | ' | ' |
Mineral Properties | -6,957,104 | -5,566,126 |
Canada [Member] | ' | ' |
Deferred Income Tax Assets: | ' | ' |
Equipment, Mineral Properties and Other | 1,195,568 | 1,044,609 |
Non-Capital Losses Carried Forward | 1,065,819 | 1,870,428 |
Capital Losses Carried Forward | 408,527 | 909,064 |
Valuation Allowance | -1,962,653 | -3,824,102 |
Deferred Income Tax Liabilities: | ' | ' |
Mineral Properties | -707,261 | ' |
Retirement_Savings_Plan_Detail
Retirement Savings Plan (Details) (CAD) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Retirement Savings Plan [Abstract] | ' | ' | ' |
Percent of match | 50.00% | ' | ' |
Percentage employer matches of employee's percentage contribution | 6.00% | ' | ' |
Service period of cash contributions | '3 years | ' | ' |
Matching cash contributions | 79,055 | 0 | 0 |
Segment_Disclosures_Schedule_O
Segment Disclosures (Schedule Of Long-Lived Assets By Geographical Region) (Details) (CAD) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Segment Reporting Information [Line Items] | ' | ' | ' |
Long-lived assets | 69,951,238 | 57,928,885 | 51,201,414 |
United States [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Long-lived assets | 69,951,238 | 57,928,885 | 51,201,414 |
Canada [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Long-lived assets | ' | ' | ' |
Subsequent_Events_Details
Subsequent Events (Details) (Spring Valley [Member], Subsequent Event [Member]) | Feb. 24, 2014 |
Subsequent Event [Line Items] | ' |
Percentage of interest in joint venture | 30.00% |
Percentage of interest that could be retained | 25.00% |
Barrick [Member] | ' |
Subsequent Event [Line Items] | ' |
Percentage of interest in joint venture | 70.00% |
Quarterly_Financial_Data_Unaud2
Quarterly Financial Data (Unaudited) (Schedule Of Quarterly Financial Data) (Details) (CAD) | 3 Months Ended | 8 Months Ended | 12 Months Ended | 212 Months Ended | |||||||||||||||||||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 1996 | Dec. 31, 2013 | 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, 2001 | Dec. 31, 2000 | Dec. 31, 1999 | Dec. 31, 1998 | Dec. 31, 1997 | Dec. 31, 2013 | |
Quarterly Financial Data (Unaudited) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loss from Operations | -3,996,871 | -3,964,571 | -4,490,609 | -4,928,049 | -3,985,371 | -3,973,483 | -3,782,261 | -2,992,948 | ' | 17,380,100 | 14,734,063 | 18,615,682 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 118,539,944 |
Other Income (Expense) | 6,546,183 | -291,878 | 7,325,892 | 10,860,975 | -1,112,326 | 225,931 | -550,855 | 54,287 | ' | -36,271 | -495,966 | -17,654 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -462,610 |
Net (Income) Loss | 2,215,095 | -3,983,821 | 4,797,105 | 5,877,552 | -4,459,065 | -3,515,919 | -4,227,245 | -3,072,393 | 114,800 | -8,905,931 | 15,274,622 | 15,527,179 | 5,826,972 | 2,642,176 | 16,165,394 | 10,666,106 | 7,241,228 | 4,402,715 | 2,994,702 | 1,352,679 | 1,657,651 | -2,427,256 | 4,718,044 | 2,378,063 | 1,943,674 | 2,027,672 | 83,990,445 |
Preferred Stock Cumulative Dividend | -1,515,845 | -1,478,516 | -1,469,385 | -1,419,732 | -278,572 | ' | ' | ' | ' | -5,883,478 | -278,572 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -6,162,050 |
Accretion of Cost of Redeemable Preferred Shares | -802,792 | -949,370 | -891,024 | -857,550 | -153,662 | ' | ' | ' | ' | -3,500,736 | -153,662 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,654,398 |
Net Income (Loss) Attributable to Common Shareholders | -103,542 | -6,411,707 | 2,436,696 | 3,600,270 | -4,891,299 | -3,515,919 | -4,227,245 | -3,072,393 | ' | -478,283 | -15,706,856 | -15,527,179 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -93,806,893 |
Weighted Average Number of Shares Outstanding | 130,883,671 | 129,605,544 | 128,451,298 | 128,451,298 | ' | ' | ' | ' | ' | 129,355,322 | 121,056,319 | 106,992,452 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Income (Loss) Per Share | ' | -0.05 | 0.02 | 0.03 | ' | ' | ' | ' | ' | ' | -0.13 | -0.15 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted Average Number of Shares Outstanding | 168,721,509 | 129,605,544 | 167,480,014 | 166,289,136 | ' | ' | ' | ' | ' | 167,193,160 | 121,056,319 | 106,992,452 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Income (Loss) Per Share | ' | -0.05 | ' | 0.02 | ' | ' | ' | ' | ' | -0.05 | -0.13 | -0.15 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basic and Diluted Net Loss Per Share | ' | ' | ' | ' | -0.04 | -0.03 | -0.03 | -0.03 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted Average Common Shares Outstanding, Basic and Diluted | ' | ' | ' | ' | 128,257,168 | 127,188,712 | 114,428,565 | 113,960,618 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |