Paramount Gold Nevada 10-Q 9 Feb 15 2015 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Dec. 31, 2014	Feb. 05, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	PARAMOUNT GOLD & SILVER CORP.
Entity Central Index Key	1342854
Current Fiscal Year End Date	-24
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		162,027,422
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Dec-14

Condensed_Consolidated_Interim

Condensed Consolidated Interim Balance Sheets (Unaudited) (USD $)	Dec. 31, 2014	Jun. 30, 2014
Current Assets
Cash and cash equivalents	$7,062,141	$5,107,691
Amounts receivable	1,491,572	1,398,190
Prepaid and deposits	358,481	250,406
Prepaid insurance, current portion (Note 10)	49,043	122,607
Marketable securities (Note 2)	5,151	560,099
Total Current Assets	8,966,388	7,438,993
Non-Current Assets
Mineral properties (Note 7)	46,293,398	51,875,798
Property and equipment (Note 8)	352,882	377,716
Prepaid insurance, non current portion (Note 10)	49,041	0
Reclamation bond (Note 10)	2,535,580	2,626,538
Total Non-Current Assets	49,230,901	54,880,052
Total Assets	58,197,289	62,319,045
Current Liabilities
Accounts payable and accrued liabilities	1,353,267	392,752
Total Current Liabilities	1,353,267	392,752
Non-Current Liabilities
Reclamation and environmental obligation (Note 10)	1,266,015	1,291,066
Total Liabilities	2,619,282	1,683,818
Stockholders' Equity
Capital Stock, par value $0.001 per share; authorized 200,000,000 shares, 162,027,422 issued and outstanding at December 31, 2014 and 159,170,859 shares issued and outstanding at June 30, 2014	161,820	159,209
Additional paid in capital	174,698,111	172,096,571
Contributed surplus	14,751,957	14,710,519
Deficit accumulated during the exploration stage	-133,756,701	-126,279,546
Accumulated other comprehensive income (loss)	-277,180	-51,526
Total Stockholders' Equity	55,578,007	60,635,227
Total Liabilities and Stockholders' Equity	$58,197,289	$62,319,045

Condensed_Consolidated_Interim1

Condensed Consolidated Interim Balance Sheets (Unaudited) (Parenthetical) (USD $)	Dec. 31, 2014	Jun. 30, 2014
Stockholders' Equity
Capital Stock, par value (in dollars per share)	$0.00	$0.00
Capital Stock, shares authorized (in shares)	200,000,000	200,000,000
Capital Stock, shares issued (in shares)	162,027,422	159,170,859
Capital Stock, shares outstanding (in shares)	162,027,422	159,170,859

Condensed_Consolidated_Interim2

Condensed Consolidated Interim Statements of Operations and Comprehensive Loss (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Revenue
Interest income	$2,534	$1,841	$5,153	$6,807
Other income	67,722	46,745	98,208	56,876
Total Revenue	70,256	48,586	103,361	63,683
Expenses:
Exploration	3,140,205	1,855,025	5,138,180	3,089,282
Professional fees	671,050	204,202	909,840	434,970
Directors compensation	55,655	69,970	118,137	139,946
Travel & lodging	45,343	75,219	95,098	117,889
Corporate communications	106,799	64,287	166,631	118,638
Consulting fees	385,457	46,705	451,726	169,282
Office & administration	107,065	103,361	181,260	178,230
Interest & service charges	3,120	16,132	6,431	18,847
Insurance	38,867	87,448	95,570	189,820
Depreciation	12,417	14,455	24,834	29,241
Accretion	33,692	30,683	67,384	61,366
Income and other taxes	0	7,389	0	7,389
Write down of mineral property	0	0	357,400	0
Total Expenses	4,599,670	2,574,876	7,612,491	4,554,900
Net Loss before other items	4,529,414	2,526,290	7,509,130	4,491,217
Other items
Gain on sale of marketable securities	0	0	-31,975	0
Net Loss	4,529,414	2,526,290	7,477,155	4,491,217
Other comprehensive loss (gain)
Foreign currency translation adjustment	78,887	-10,875	100,806	23,629
Unrealized loss on available-for-sale-securities	1,183	108,591	124,848	3,798
Total Comprehensive Loss for the Period	$4,609,484	$2,624,006	$7,702,809	$4,518,644
Loss per Common share
Basic (in dollars per share)	$0.03	$0.02	$0.05	$0.03
Diluted (in dollars per share)	$0.03	$0.02	$0.05	$0.03
Weighted Average Number of Common Shares Used in Per Share Calculations
Basic (in shares)	161,966,494	155,731,068	161,522,589	155,731,068
Diluted (in shares)	161,966,494	155,731,068	161,522,589	155,731,068

Condensed_Consolidated_Interim3

Condensed Consolidated Interim Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Condensed Consolidated Interim Statements of Cash Flows (Unaudited) [Abstract]
Net Loss	($4,529,414)	($2,526,290)	($7,477,155)	($4,491,217)
Adjustment for:
Depreciation	12,417	14,455	24,834	29,241
Stock based compensation	18,055	23,370	41,438	120,836
Write-down of mineral properties	0	0	357,400	0
Accretion expense	33,692	30,683	67,384	61,366
Change in reclamation			-1,477	-1,909
Insurance expense			24,523	122,607
Non cash gain on sale of marketable securities			-31,975	0
(Increase) decrease in accounts receivable			-93,382	-119,030
(Increase) decrease in prepaid expenses			-108,075	-257,718
Increase (decrease) in accounts payable			960,515	-12,764
Cash used in operating activities			-6,235,970	-4,548,588
Sale (purchase) of marketable securities			462,075	-49,950
Net proceeds from sale of royalty interest			5,225,000	0
Purchase of equipment			0	-2,204
Cash provided by (used in) investing activities			5,687,075	-52,154
Issuance of capital stock			2,604,151	0
Cash provided by financing activities			2,604,151	0
Effect of exchange rate changes on cash			-100,806	-23,629
Change in cash during period			1,954,450	-4,624,371
Cash at beginning of period			5,107,691	11,524,051
Cash at end of period	7,062,141	6,899,680	7,062,141	6,899,680
Supplemental Cash Flow Disclosure
Cash	6,530,568	2,096,296	6,530,568	2,096,296
Cash Equivalents	$531,573	$4,803,384	$531,573	$4,803,384

Condensed_Consolidated_Interim4

Condensed Consolidated Interim Statements of Shareholders' Equity (Unaudited) (USD $)	Common Stock [Member]	Additional Paid in Capital [Member]	Deficit Accumulated During Exploration Stage [Member]	Contributed Surplus [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Balance at Jun. 30, 2012	$147,413	$151,564,888	($101,729,241)	$12,892,174	($64,730)	$62,810,504
Balance (in shares) at Jun. 30, 2012	147,412,603
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Capital issued from stock options and warrants exercised	8,319	17,208,447	0	-542,974	0	16,673,792
Capital issued from stock options and warrants exercised (in shares)	8,318,465
Stock based compensation	0	0	0	1,234,115	0	1,234,115
Foreign currency translation	0	0	0	0	-4,210	-4,210
Net Income (Loss)	0	0	-13,488,280	0	0	-13,488,280
Balance at Jun. 30, 2013	155,732	168,773,335	-115,217,521	13,583,315	-68,940	67,225,921
Balance (in shares) at Jun. 30, 2013	155,731,068
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Capital issued for financing	3,477	3,323,236	0	0	0	3,326,713
Capital issued for financing (in shares)	3,439,791
Stock based compensation	0	0	0	1,127,204	0	1,127,204
Unrealized gain (loss) on available for sale securities	0	0	0	0	60,149	60,149
Foreign currency translation	0	0	0	0	-42,735	-42,735
Net Income (Loss)	0	0	-11,062,025	0	0	-11,062,025
Balance at Jun. 30, 2014	159,209	172,096,571	-126,279,546	14,710,519	-51,526	60,635,227
Balance (in shares) at Jun. 30, 2014	159,170,859					159,170,859
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Capital issued for financing	2,238	2,229,730	0	0	0	2,231,968
Capital issued for financing (in shares)	2,377,110
Stock based compensation	0	0	0	23,383	0	23,383
Unrealized gain (loss) on available for sale securities	0	0	0	0	-123,665	-123,665
Foreign currency translation	0	0	0	0	-21,919	-21,919
Net Income (Loss)	0	0	-2,947,741	0	0	-2,947,741
Balance at Sep. 30, 2014	161,447	174,326,301	-129,227,287	14,733,902	-197,110	59,797,253
Balance (in shares) at Sep. 30, 2014	161,547,969
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Capital issued for financing	373	371,810	0	0	0	372,183
Capital issued for financing (in shares)	479,453					2,856,563
Stock based compensation	0	0	0	18,055	0	18,055
Unrealized gain (loss) on available for sale securities	0	0	0	0	-1,183	-1,183
Foreign currency translation	0	0	0	0	-78,887	-78,887
Net Income (Loss)	0	0	-4,529,414	0	0	-4,529,414
Balance at Dec. 31, 2014	$161,820	$174,698,111	($133,756,701)	$14,751,957	($277,180)	$55,578,007
Balance (in shares) at Dec. 31, 2014	162,027,422					162,027,422

Principal_Accounting_Policies

Principal Accounting Policies	6 Months Ended
	Dec. 31, 2014
Principal Accounting Policies [Abstract]
Principal Accounting Policies	1	Principal  Accounting Policies:
	Paramount Gold and Silver Corp. (the “Company”), incorporated under the General Corporation Law of the State of Delaware, and its wholly-owned subsidiaries are engaged in the acquisition, exploration and development of  precious metal properties. The Company’s wholly owned subsidiaries include Paramount Gold de Mexico S.A. de C.V., Magnetic Resources Ltd, Minera Gama SA de CV, and Paramount Nevada Gold Corp.   The Company is in the process of exploring its mineral properties in both the United States and Mexico.  The Company’s activities are subject to significant risks and uncertainties including failing to secure additional funding to advance its projects and to date has not yet determined whether its properties contain reserves that are economically recoverable.
	Basis of Presentation and Preparation
	The accompanying unaudited condensed consolidated interim financial statements of the Company have been prepared in accordance with accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X.  Accordingly, they do not include all of the disclosures required by U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements.  In the opinion of management, all of the normal and recurring adjustments necessary to fairly present the interim financial information set forth herein have been included.  The results of operations for interim periods are not necessarily indicative of the operating results of a full year or of future years.
	These condensed consolidated interim financial statements have been prepared in accordance with generally accepted accounting principles in the United States and follow the same accounting policies and methods of their application as the most recent annual financial statements.   The condensed consolidated interim financial statements include the accounts of the Company and its wholly owned subsidiaries.  All significant intercompany accounts and transactions are eliminated in consolidation.  These condensed consolidated interim financial statements should be read in conjunction with the consolidated financial statements and related footnotes included in the Annual Report on Form 10-K of Paramount Gold and Silver Corp. for the year ended June 30, 2014.
	Marketable Securities
	The Company classifies its marketable securities as available-for-sale securities.  The securities are measured at fair market value in the financial statements with unrealized gains and temporary losses on investments classified as available for sale are included within accumulated other comprehensive income, net of any related tax effect. Upon realization, such amounts are reclassified from accumulated other comprehensive income to other income, net, realized gains and losses and other than temporary impairments, if any, are reflected in the statements of operations as other income or expenses. The Company does not recognize changes in the fair value of its investments in income unless a decline in value is considered other than temporary.
	Use of Estimates
	The preparation of these condensed consolidated interim financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the condensed consolidated interim financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
	Significant estimates made by management in the accompanying financial statements include collectability of amounts receivable, the adequacy of the Company’s asset retirement obligations and fair value of stock based compensation.
	Stock Based Compensation
	The Company has adopted the provisions of FASB ASC 718, “Stock Compensation” (“ASC 718”), which establishes accounting for equity instruments exchanged for employee services. Under the provisions of ASC 718, stock-based compensation cost is measured at the grant date, based on the calculated fair value of the award, and is recognized as an expense over the employee’s requisite service period (generally the vesting period of the equity grant).  New shares of the Company’s Common Stock will be issued for any options exercised or awards granted.
	Mineral Properties
	Mineral property acquisition costs are capitalized when incurred and will be amortized using the units –of – production method over the estimated life of the reserve following the commencement of production.  If a mineral property is subsequently abandoned or impaired, any capitalized costs will be expensed in the period of abandonment or impairment.
	Acquisition costs include cash consideration and the fair market value of shares issued on the acquisition of mineral properties.
	Exploration Costs
	Exploration costs, which include maintenance, development and exploration of mineral claims, are expensed as incurred.  When it is determined that a mineral deposit can be economically developed as a result of establishing proven and probable reserves, the costs incurred after such determination will be capitalized and amortized over their useful lives.  To date, the Company has not established the commercial feasibility of its exploration prospects; therefore, all exploration costs are being expensed.
	Net Loss per Share
	Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of shares outstanding during each period.  Diluted loss per share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock.
	Concentration of Credit Risk and Amounts Receivable
	Financial instruments that potentially subject the Company to a concentration of credit risk consist principally of cash and cash equivalents and amounts receivable.  We deposit our cash with financial institutions which we believe have sufficient credit quality to minimize risk of loss.
	Impuesto al Valor Agregado taxes (IVA) are recoverable value-added taxes charged by the Mexican government on goods sold and services rendered at a rate of 16%.  Under certain circumstances, these taxes are recoverable by filing a tax return and as determined by the Mexican taxing authority.  Each period, receivables are reviewed for collectability.  When a receivable is determined to not be collectable we allow for the receivable until we are either assured of collection or assured that a write-off is necessary.  Allowances in association with our receivable from IVA from our Mexico subsidiaries are based on our determination that the Mexican government may not allow the complete refund of these taxes.  The Company believes that all amounts recorded as a receivable from the Mexican government will be recovered.
	Foreign Currency
	The parent company’s functional currency is the United States dollar. The functional currencies of the Company’s wholly-owned subsidiaries are the U.S. Dollar and the Canadian Dollar.  Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the consolidated balance sheet date.   Foreign currency transaction gains and losses are included in the statement of operations and comprehensive loss. The aggregate foreign transaction loss for the six month period ended December 31, 2014 is $104,780.
	The financial statements of the subsidiaries are translated to United States dollars in accordance with ASC 830 using period-end rates of exchange for assets and liabilities, and average rates of exchange for the period for revenues and expenses. Translation gains (losses) are recorded in accumulated other comprehensive income (loss) as a component of stockholders’ equity.

Marketable_Securities

Marketable Securities	6 Months Ended
	Dec. 31, 2014
Marketable Securities [Abstract]
Marketable Securities	2	Marketable Securities:
	The following table summarizes the Company’s available-for sale securities on hand as of December 31, 2014 and June 30, 2014:
			Cost Basis		Impairment Charge		Adjusted Cost		Gross Unrealized Losses		Gross Unrealized Gains		Fair Value
	Marketable securities at December 31, 2014		$	69,850		-		69,850		64,699		-	$	5,151
	Marketable securities at June 30, 2014		$	499,950		-		499,950		-		60,149	$	560,099
	During the six month period ended December 31, 2014, the Company sold marketable securities with a cost basis of $430,100 for net proceeds of $462,075.  The gain on sale of securities of $31,975 was recorded on the statement of operations.  As a result of the transaction, the Company reversed from comprehensive income $106,631 it had previously recorded as an unrealized gain. The Company also recorded an unrealized loss of $18,217 (2013 – $39,989 gain).  The marketable securities reflected in the table above includes stock purchase warrants of a single entity involved in the exploration of precious metals.  The Company performs a quarterly assessment on its marketable securities with unrealized losses to determine if the security is other than temporarily impaired.

Fair_Value_Measurements

Fair Value Measurements

6 Months Ended

Dec. 31, 2014

Fair Value Measurements [Abstract]

Fair Value Measurements

3

Fair Value Measurements:

Fair value is the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.  Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization with the hierarchy upon the lowest level of input that is available and significant to the fair value measurement:

The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3).

The three levels of the fair value hierarchy under ASC 820 are described below:

Level 1

Unadjusted quoted prices in active markets that are accessible at the measurement

date for identical, unrestricted assets or liabilities.

Level 2

Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Level 3

Inputs that are both significant to the fair value measurement and unobservable.

The following table sets forth the Company’s financial assets and liabilities measured at fair value by level within the fair value hierarchy. As required by ASC 820, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

Fair Value at December 31, 2014

30-Jun-14

Assets

Total

Level 1

Level 2

Level 3

Total

Cash and cash equivalents

$

7,062,141

$

7,062,141

-

-

$

5,107,691

Marketable Securities

$

5,151

-

-

$

5,151

$

560,099

The Company’s cash and cash equivalents and short-term investments are classified within Level 1 of the fair value hierarchy because they are valued using quoted market prices. The cash and cash equivalents that are valued based on quoted market prices in active markets are primarily comprised of commercial paper, short-term certificates of deposit and U.S. Treasury securities.

The Company’s marketable securities are comprised of stock purchase warrants. The stock purchase warrants’ fair value is recorded using a Black Scholes options model using inputs such as contractual terms, stock volatility and implied interest rates. The Company’s marketable securities are classified within Level 3 of the fair value hierarchy.

NonCash_Transactions

Non-Cash Transactions	6 Months Ended
	Dec. 31, 2014
Non-Cash Transactions [Abstract]
Non-Cash Transactions	4	Non-Cash Transactions:
	During the six month period ended December 31, 2014 and 2013, the Company did not enter into non-cash activities.

Capital_Stock

Capital Stock	6 Months Ended
	Dec. 31, 2014
Capital Stock [Abstract]
Capital Stock	5	Capital Stock:
	a)  Share issuances:
	Authorized capital stock consists of 200,000,000 common shares with par value of $0.001 per share.  At December 31, 2014 there were 162,027,422 shares issued and outstanding and 159,170,859 shares issued and outstanding at June 30, 2014.
	During the six month period ended December 31, 2014 and 2013, the Company issued the following shares:
			Common Shares
			2014		2013
	Financing			2,856,563		-
				2,856,563		-
	b) Stock options:
	On August 23, 2007, the board and stockholders approved the 2007/2008 Stock Incentive & Compensation Plan thereby reserving an additional 4,000,000 common shares for issuance to employees, directors and consultants.
	On February 24, 2009, the stockholders approved the 2008/2009 Stock Incentive & Equity Compensation Plan thereby reserving an additional 3,000,000 common shares for future issuance.  The stockholders also approved the re-pricing of the exercise price of all outstanding stock options to $0.65 per share.
	On December 2, 2011, the stockholders approved the 2011/2012 Stock Incentive & Equity Compensation Plan thereby reserving an additional 4,000,000 common shares for future issuance to employees, directors and consultants.
	Stock Based Compensation
	The Company uses the Black-Scholes option valuation model to value stock options granted. The Black-Scholes model was developed for use in estimating the fair value of traded options that have no vesting restrictions and are fully transferable. The model requires management to make estimates which are subjective and may not be representative of actual results. Changes in assumptions can materially affect estimates of fair values.
	The Company did not grant options for the six month periods ending December 31, 2014 and 2013.
	Changes in the Company’s stock options for the period ended December 31, 2014 are summarized below:
	Options		Number		Weighted Avg. Exercise Price		Weighted-Average		Aggregate Intrinsic Value
							Remaining
							Contractual Term
	Outstanding at June 30, 2014			5,767,500	$	1.89		2.27	$	0
	Issued			-		-		-		-
	Cancelled / Expired			577,500		2.69		-		-
	Exercised			-		-		-		-
	Outstanding at December 31, 2014			5,190,000	$	1.81		1.97	$	0
	Exercisable at December 31, 2014			5,123,334	$	1.8		1.98	$	0
	At December 31, 2014, there were 5,190,000 options outstanding. Options outstanding above that have not vested at period end are 66,666 which have a maximum service term of 1 year. The vesting of these options is dependent on market conditions which have yet to be met.   As of December 31, 2014, there was $27,133 (2013 - $115,336) of unrecognized compensation cost related to non-vested stock options to be recognized over a weighted average period of 1 year.
	A summary of the non-vested options as of June 30, 2014 and changes during the six month period ended December 31, 2014 are as follows:
	Non-vested Options		Number		Weighted Avg. Grant-Date Fair Value
	Non-vested at June 30, 2014			189,999	$	2.12
	Issued			-		-
	Vested			123,333		-
	Forfeited			-		-
	Non-vested at September 30, 2014			66,666	$	2.22
	For the three and six month periods ended December 31, 2014, the Company recognized a stock based compensation expense in the amount of $18,055 and $41,438 respectively  (2013 - $23,370 and $120,836).

Related_Party_Transactions

Related Party Transactions	6 Months Ended
	Dec. 31, 2014
Related Party Transactions [Abstract]
Related Party Transactions	6	Related Party Transactions:
	During the three and six month period ended December 31, 2014, directors earned fees in the amounts of $45,000 and  $91,500 respectively (2013 $54,000 and $108,000) for their services as directors or members of committees of the Company’s Board.   During the three and six month periods ended December 31, 2014, the Company also recorded a non-cash transaction to recognize stock based compensation for directors in the amount of $10,655 and $26,637 respectively (2013 $15,970 and $31,946)
	All transactions with related parties are made in the normal course of operations and measured at exchange value.

Mineral_Properties

Mineral Properties	6 Months Ended
	Dec. 31, 2014
Mineral Properties [Abstract]
Mineral Properties	7	Mineral Properties:
	The Company has capitalized acquisition costs on mineral properties as follows:
			31-Dec-14		30-Jun-14
	Iris Royalty			50,000		50,000
	San Miguel Project			18,207,263		23,452,263
	Sleeper			25,554,090		25,891,490
	Mill Creek			2,096,616		2,096,616
	Spring Valley			385,429		385,429
			$	46,293,398	$	51,875,798
	San Miguel Project:
	The 100% owned San Miguel Project is located in southwestern Chihuahua, a state in Northern Mexico.  It consists of 40 mining concessions which total approximately 551 square miles. The concessions were acquired from 2005 to 2012 over a series of transactions with third parties.
	During the six month period ended December 31, 2014, the Company wrote down certain mining concessions with a recorded value of $20,000. The Company determined that these concessions no longer had exploration potential.
	In December 2014, the Company entered into an agreement with Coeur Mexicana S.A. de C.V. (“Coeur”) whereby the Company granted Coeur a 0.7% net smelter returns royalty in respect of the San Miguel Project in consideration for paying $5,250,000 to the Company. The net proceeds of $5,225,000 was recorded as a recovery to acquisition costs.
	Sleeper:
	The Sleeper Gold Project was acquired through our acquisition of X-Cal Resources Ltd. in August 2010.  Sleeper is located in northern Nevada approximately 26 miles northwest of the town of Winnemucca.  When acquired in 2010, the Sleeper Gold Mine consisted of 1,044 unpatented mining claims.  In August 2011 and July 2012, the Company has staked a total of 1,526 additional unpatented lode mining claims.
	During the six month period ended December 31, 2014, the Company dropped 212 mining claims it acquired in 2011 with a recorded value of $337,400. The Company determined that these mining claims no longer had any exploration potential.
	Mill Creek:
	The Mill Creek property consists of 36 unpatented lode mining claims totaling 720 acres south of Battle Mountain Nevada.
	Spring Valley:
	The Spring Valley property consists of 38 unpatented lode mining claims located in Pershing County, Nevada.

Property_and_Equipment

Property and Equipment	6 Months Ended
	Dec. 31, 2014
Property and Equipment [Abstract]
Property and Equipment	8	Property and Equipment:
	Property and equipment consist of the following:
			31-Dec-14			30-Jun-14
	Exploration and other equipment		$	331,944		$	331,944
	Buildings and leaseholds			325,207			325,207
	Furniture and computer equipment			240,483			240,483
	Subtotal			897,634			897,634
	Accumulated  depreciation			(544,752	)		(519,918	)
	Total		$	352,882		$	377,716
	During the six month period ended December 31, 2014, net additions to property, and equipment were $ 0 (2013- $2,204). During the six month period ended December 31, 2014 the Company recorded depreciation of $24,834 (2013-$29,241).

Segmented_Information

Segmented Information	6 Months Ended
	Dec. 31, 2014
Segmented Information [Abstract]
Segmented Information	9	Segmented Information:
	Segmented information has been compiled based on the geographic regions in which the Company has acquired mineral properties and performs exploration activities.
	Loss for the period by geographical segment for the six month period ended December 31, 2014:
			United States			Mexico		Total
	Interest income		$	5,153		$	-	$	5,153
	Other income			97,535			673		98,208
	Total income		$	102,688		$	673	$	103,361
	Expenses:
	Exploration			901,514			4,236,666		5,138,180
	Professional fees			909,840			-		909,840
	Directors compensation			118,137			-		118,137
	Travel and lodging			95,098			-		95,098
	Corporate communications			166,631			-		166,631
	Consulting fees			451,726			-		451,726
	Office and administration			166,996			14,264		181,260
	Interest and service charges			4,545			1,886		6,431
	Insurance			95,570			-		95,570
	Depreciation			8,306			16,528		24,834
	Accretion			67,384			-		67,384
	Write down of Mineral Properties			337,400			20,000		357,400
	Total Expenses			3,323,147			4,289,344		7,612,491
	Net loss		$	3,220,459		$	4,288,671	$	7,509,130
	Other items
	Loss (Gain) on sale of marketable securities			(31,975	)		-		(31,975	)
	Net Loss		$	3,188,484		$	4,288,671	$	7,477,155
	Other comprehensive loss(gain)
	Foreign currency translation adjustment			100,806			-		100,806
	Unrealized loss (gain) on available-for-sale-securities			124,848			-		124,848
	Total Comprehensive Loss for the Period		$	3,414,138		$	4,288,671	$	7,702,809
	Loss for the period by geographical segment for the six month period ended December 31, 2013:
			United States			Mexico		Total
	Interest income		$	6,807		$	-	$	6,807
	Other income			51,745			5,131		56,876
	Total income		$	58,552		$	5,131	$	63,683
	Expenses:
	Exploration			1,007,586			2,081,696		3,089,282
	Professional fees			434,970			-		434,970
	Directors compensation			139,946			-		139,946
	Travel and lodging			117,889			-		117,889
	Corporate communications			118,638			-		118,638
	Consulting fees			169,282			-		169,282
	Office and administration			159,570			18,660		178,230
	Interest and service charges			4,014			14,833		18,847
	Insurance			189,820			-		189,820
	Depreciation			12,842			16,399		29,241
	Accretion			61,366			-		61,366
	Income and other taxes			7,389			-		7,389
	Total Expenses			2,423,313			2,131,587		4,554,900
	Net loss		$	2,364,761		$	2,126,456	$	4,491,217
	Other comprehensive loss(gain)
	Foreign currency translation adjustment			23,629			-		23,629
	Unrealized loss (gain) on available-for-sale-securities			3,798			-		3,798
	Total Comprehensive Loss for the Period		$	2,392,188		$	2,126,456	$	4,518,644
	Assets by geographical segment:
			United States			Mexico		Total
	31-Dec-14
	Mineral properties		$	27,936,135		$	18,357,263	$	46,293,398
	Property and equipment		$	35,379		$	317,503	$	352,882
	30-Jun-14
	Mineral properties		$	28,273,535		$	23,602,263	$	51,875,798
	Property and equipment		$	43,685		$	334,031	$	377,716

Reclamation_and_Environmental

Reclamation and Environmental	6 Months Ended
	Dec. 31, 2014
Reclamation and Environmental [Abstract]
Reclamation and Environmental	10	Reclamation and Environmental:
	The Company holds an insurance policy related to its Sleeper Gold Project that covers reclamation costs in the event the Company defaults on payments of its reclamation costs up to an aggregate of $25 million.  The unamortized insurance premium is being amortized to December 31, 2016 and the current and non-current prepaid insurance balance at December 31, 2014 is $98,084 (June 30, 2014 - $122,607).
	As a part of the policy, the Company has funds in a commutation account which is used to reimburse reclamation costs and indemnity claims.  The balance of the commutation account at December 31, 2014 is $2,535,580(June 30, 2014 - $2,626,538).
	Reclamation and environmental costs are based principally on legal requirements.  Management estimates costs associated with reclamation of mineral properties and properties under mine closure.  On an ongoing basis the Company evaluates its estimates and assumptions; however, actual amounts could differ from those based on estimates and assumptions.
	The asset retirement obligation at the Sleeper Gold Project has been measured using the following variables:  1)Expected costs for earthwork, re-vegetation, in-pit water treatment, on-going monitoring, labor and management, 2)Inflation adjustment, and 3) Market risk premium.  The sum of the expected costs by year is discounted using the Company’s credit adjusted risk free interest rate from the time it expects to pay the retirement obligation to the time it incurs the obligation.    The reclamation and environmental obligation recorded on the balance sheet is equal to the present value of the estimated costs.
	The current undiscounted estimate of the reclamation costs for existing disturbances at the Sleeper Gold Project is $3,915,626 as required by U.S Bureau of Land Management and the Nevada Department of Environmental Protection. Assumptions used to compute the asset retirement obligations for the year ended June 30, 2014 for the Sleeper Gold Project included a credit adjusted risk free rate and inflation rate of 9.76% (2013 – 9.76%) and 2.0% (2013 – 2.0%), respectively. Expenses are expected to be incurred between the years 2014 and 2053.
	Changes to the Company’s asset retirement obligations for the six month period ended December 31, 2014 are as follows:
			31-Dec-14			30-Jun-14
	Balance at beginning of period		$	1,291,066		$	1,263,584
	Accretion expense			67,384			122,732
	Payments			(92,435	)		(95,250	)
	Balance at end of period		$	1,266,015		$	1,291,066

Commitments_and_Contingencies

Commitments and Contingencies	6 Months Ended
	Dec. 31, 2014
Commitments and Contingencies [Abstract]
Commitments and Contingencies	11.  Commitments and Contingencies:
	Coeur Mining, Inc.
	On December 16, 2014, Paramount Gold and Silver Corp. (“Paramount”), Paramount Nevada Gold Corp., a wholly-owned subsidiary of Paramount (“SpinCo”), Coeur Mining, Inc. (“Coeur”) and Hollywood Merger Sub, Inc. (“Merger Sub”), a wholly-owned subsidiary of Coeur, entered into an Agreement and Plan of Merger (the “Merger Agreement”), providing for the acquisition of Paramount by Coeur and, prior to such acquisition, the spin-off of Paramount’s mining assets in Nevada to Paramount’s stockholders.  Specifically, (1) Merger Sub will merge with and into Paramount, with Paramount surviving as a wholly-owned subsidiary of Coeur (the “Merger”), and (2) immediately prior to the Merger, Paramount will dividend to its stockholders all of the shares that it then holds in SpinCo (the “Spin-Off”).  At the time of the Spin-Off, SpinCo will hold Paramount’s mining assets in Nevada.
	Spin-Off
	The Merger Agreement provides that, prior to the Spin-Off, (1) Coeur will make a loan to Paramount in the principal amount of $8,530,000 and Paramount will contribute all of the proceeds of such loan to SpinCo as an equity contribution, and (2) SpinCo will issue to Coeur, in exchange for a cash payment by Coeur in the amount of $1,470,000, newly issued shares of SpinCo common stock amounting to 4.9% of the outstanding SpinCo common stock after issuance.  Paramount and SpinCo will then enter into a separation agreement, and Paramount will effect the Spin-Off by paying a dividend to Paramount’s stockholders on a pro rata basis all of the shares of SpinCo common stock then held by Paramount.  After effectuating the Spin-Off, Paramount’s stockholders will own approximately 95.1% of SpinCo, which will be a standalone, publicly traded company, and Coeur will own the remaining 4.9%.
	Merger
	Immediately following the completion of the Spin-Off, the parties will consummate the Merger, pursuant to which each issued and outstanding share of Paramount’s common stock will be converted into the right to receive 0.2016 shares of common stock of Coeur.  After giving effect to the Merger, it is projected that Paramount’s stockholders will also own approximately 24% of Coeur’s common stock, while existing stockholders of Coeur will continue to own the remaining 76%.  No fractional shares of Coeur’s common stock will be issued in the Merger, and Paramount’s stockholders will receive cash in lieu of any such fractional shares.
	Litigation
	Since the announcement of the merger on December 17, 2014, the Company was named as a defendant in six putative stockholder class action, brought by a purported stockholders of Paramount, challenging the proposed merger (the “Complaints”). The Complaints were filed in the Court of Chancery in the State of Delaware.  The plaintiffs generally claim that the board of directors of our Parent breached their fiduciary duties to Paramount stockholders by authorizing the merger with Coeur Mining for what the plaintiffs assert is inadequate consideration and pursuant to an allegedly inadequate process.  Paramount, members of the Paramount board and the Company deny any wrongdoing and are vigorously defending all of the actions.

Subsequent_Event

Subsequent Event	6 Months Ended
	Dec. 31, 2014
Subsequent Event [Abstract]
Subsequent Event	12.  Subsequent Events:
	Since the period end, the Company has been named as a defendant in three additional putative stockholder class action, brought by a purported stockholders of Paramount, challenging the proposed merger (the “Complaints”). The Complaints were filed in the Court of Chancery in the State of Delaware.  The plaintiffs generally claims that the board of directors of our Parent breached their fiduciary duties to Paramount stockholders by authorizing the merger with Coeur Mining for what the plaintiffs assert is inadequate consideration and pursuant to an allegedly inadequate process.  Paramount, members of the Paramount board and the Company deny any wrongdoing and are vigorously defending all of the actions.

Principal_Accounting_Policies_

Principal Accounting Policies (Policies)	6 Months Ended
	Dec. 31, 2014
Principal Accounting Policies [Abstract]
Basis of Presentation and Preparation	Basis of Presentation and Preparation
	The accompanying unaudited condensed consolidated interim financial statements of the Company have been prepared in accordance with accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X.  Accordingly, they do not include all of the disclosures required by U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements.  In the opinion of management, all of the normal and recurring adjustments necessary to fairly present the interim financial information set forth herein have been included.  The results of operations for interim periods are not necessarily indicative of the operating results of a full year or of future years.
	These condensed consolidated interim financial statements have been prepared in accordance with generally accepted accounting principles in the United States and follow the same accounting policies and methods of their application as the most recent annual financial statements.   The condensed consolidated interim financial statements include the accounts of the Company and its wholly owned subsidiaries.  All significant intercompany accounts and transactions are eliminated in consolidation.  These condensed consolidated interim financial statements should be read in conjunction with the consolidated financial statements and related footnotes included in the Annual Report on Form 10-K of Paramount Gold and Silver Corp. for the year ended June 30, 2014.
Marketable Securities	Marketable Securities
	The Company classifies its marketable securities as available-for-sale securities.  The securities are measured at fair market value in the financial statements with unrealized gains and temporary losses on investments classified as available for sale are included within accumulated other comprehensive income, net of any related tax effect. Upon realization, such amounts are reclassified from accumulated other comprehensive income to other income, net, realized gains and losses and other than temporary impairments, if any, are reflected in the statements of operations as other income or expenses. The Company does not recognize changes in the fair value of its investments in income unless a decline in value is considered other than temporary.
Use of Estimates	Use of Estimates
	The preparation of these condensed consolidated interim financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the condensed consolidated interim financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
	Significant estimates made by management in the accompanying financial statements include collectability of amounts receivable, the adequacy of the Company’s asset retirement obligations and fair value of stock based compensation.
Stock Based Compensation	Stock Based Compensation
	The Company has adopted the provisions of FASB ASC 718, “Stock Compensation” (“ASC 718”), which establishes accounting for equity instruments exchanged for employee services. Under the provisions of ASC 718, stock-based compensation cost is measured at the grant date, based on the calculated fair value of the award, and is recognized as an expense over the employee’s requisite service period (generally the vesting period of the equity grant).  New shares of the Company’s Common Stock will be issued for any options exercised or awards granted.
Mineral Properties	Mineral Properties
	Mineral property acquisition costs are capitalized when incurred and will be amortized using the units –of – production method over the estimated life of the reserve following the commencement of production.  If a mineral property is subsequently abandoned or impaired, any capitalized costs will be expensed in the period of abandonment or impairment.
	Acquisition costs include cash consideration and the fair market value of shares issued on the acquisition of mineral properties.
Exploration Costs	Exploration Costs
	Exploration costs, which include maintenance, development and exploration of mineral claims, are expensed as incurred.  When it is determined that a mineral deposit can be economically developed as a result of establishing proven and probable reserves, the costs incurred after such determination will be capitalized and amortized over their useful lives.  To date, the Company has not established the commercial feasibility of its exploration prospects; therefore, all exploration costs are being expensed.
Net Loss per Share	Net Loss per Share
	Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of shares outstanding during each period.  Diluted loss per share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock.
Concentration of Credit Risk and Amounts Receivable	Concentration of Credit Risk and Amounts Receivable
	Financial instruments that potentially subject the Company to a concentration of credit risk consist principally of cash and cash equivalents and amounts receivable.  We deposit our cash with financial institutions which we believe have sufficient credit quality to minimize risk of loss.
	Impuesto al Valor Agregado taxes (IVA) are recoverable value-added taxes charged by the Mexican government on goods sold and services rendered at a rate of 16%.  Under certain circumstances, these taxes are recoverable by filing a tax return and as determined by the Mexican taxing authority.  Each period, receivables are reviewed for collectability.  When a receivable is determined to not be collectable we allow for the receivable until we are either assured of collection or assured that a write-off is necessary.  Allowances in association with our receivable from IVA from our Mexico subsidiaries are based on our determination that the Mexican government may not allow the complete refund of these taxes.  The Company believes that all amounts recorded as a receivable from the Mexican government will be recovered.
Foreign Currency	Foreign Currency
	The parent company’s functional currency is the United States dollar. The functional currencies of the Company’s wholly-owned subsidiaries are the U.S. Dollar and the Canadian Dollar.  Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the consolidated balance sheet date.   Foreign currency transaction gains and losses are included in the statement of operations and comprehensive loss. The aggregate foreign transaction loss for the six month period ended December 31, 2014 is $104,780.
	The financial statements of the subsidiaries are translated to United States dollars in accordance with ASC 830 using period-end rates of exchange for assets and liabilities, and average rates of exchange for the period for revenues and expenses. Translation gains (losses) are recorded in accumulated other comprehensive income (loss) as a component of stockholders’ equity.

Marketable_Securities_Tables

Marketable Securities (Tables)	6 Months Ended
	Dec. 31, 2014
Marketable Securities [Abstract]
Available-for-sale securities	The following table summarizes the Company’s available-for sale securities on hand as of December 31, 2014 and June 30, 2014:
		Cost Basis		Impairment Charge		Adjusted Cost		Gross Unrealized Losses		Gross Unrealized Gains		Fair Value
	Marketable securities at December 31, 2014	$	69,850		-		69,850		64,699		-	$	5,151
	Marketable securities at June 30, 2014	$	499,950		-		499,950		-		60,149	$	560,099

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	6 Months Ended
	Dec. 31, 2014
Fair Value Measurements [Abstract]
Fair value of assets and liabilities	The following table sets forth the Company’s financial assets and liabilities measured at fair value by level within the fair value hierarchy. As required by ASC 820, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.
				Fair Value at December 31, 2014						30-Jun-14
	Assets	Total		Level 1		Level 2		Level 3		Total
	Cash and cash equivalents	$	7,062,141	$	7,062,141		-		-	$	5,107,691
	Marketable Securities	$	5,151		-		-	$	5,151	$	560,099

Capital_Stock_Tables

Capital Stock (Tables)	6 Months Ended
	Dec. 31, 2014
Capital Stock [Abstract]
Schedule of summary of common stock issued	During the six month period ended December 31, 2014 and 2013, the Company issued the following shares:
		Common Shares
		2014		2013
	Financing		2,856,563		-
			2,856,563		-
Schedule of changes in the entity's stock options	Changes in the Company’s stock options for the period ended December 31, 2014 are summarized below:
	Options	Number		Weighted Avg. Exercise Price		Weighted-Average		Aggregate Intrinsic Value
						Remaining
						Contractual Term
	Outstanding at June 30, 2014		5,767,500	$	1.89		2.27	$	0
	Issued		-		-		-		-
	Cancelled / Expired		577,500		2.69		-		-
	Exercised		-		-		-		-
	Outstanding at December 31, 2014		5,190,000	$	1.81		1.97	$	0
	Exercisable at December 31, 2014		5,123,334	$	1.8		1.98	$	0
Schedule of changes in the entity's non-vested stock options	A summary of the non-vested options as of June 30, 2014 and changes during the six month period ended December 31, 2014 are as follows:
	Non-vested Options	Number		Weighted Avg. Grant-Date Fair Value
	Non-vested at June 30, 2014		189,999	$	2.12
	Issued		-		-
	Vested		123,333		-
	Forfeited		-		-
	Non-vested at September 30, 2014		66,666	$	2.22

Mineral_Properties_Tables

Mineral Properties (Tables)	6 Months Ended
	Dec. 31, 2014
Mineral Properties [Abstract]
Capitalized acquisition costs on mineral properties	The Company has capitalized acquisition costs on mineral properties as follows:
		31-Dec-14		30-Jun-14
	Iris Royalty		50,000		50,000
	San Miguel Project		18,207,263		23,452,263
	Sleeper		25,554,090		25,891,490
	Mill Creek		2,096,616		2,096,616
	Spring Valley		385,429		385,429
		$	46,293,398	$	51,875,798

Property_and_Equipment_Tables

Property and Equipment (Tables)	6 Months Ended
	Dec. 31, 2014
Property and Equipment [Abstract]
Property and equipment, net	Property and equipment consist of the following:
		31-Dec-14			30-Jun-14
	Exploration and other equipment	$	331,944		$	331,944
	Buildings and leaseholds		325,207			325,207
	Furniture and computer equipment		240,483			240,483
	Subtotal		897,634			897,634
	Accumulated  depreciation		(544,752	)		(519,918	)
	Total	$	352,882		$	377,716

Segmented_Information_Tables

Segmented Information (Tables)	6 Months Ended
	Dec. 31, 2014
Segmented Information [Abstract]
Revenues and long-lived assets by geographical segments	Loss for the period by geographical segment for the six month period ended December 31, 2014:
		United States			Mexico		Total
	Interest income	$	5,153		$	-	$	5,153
	Other income		97,535			673		98,208
	Total income	$	102,688		$	673	$	103,361
	Expenses:
	Exploration		901,514			4,236,666		5,138,180
	Professional fees		909,840			-		909,840
	Directors compensation		118,137			-		118,137
	Travel and lodging		95,098			-		95,098
	Corporate communications		166,631			-		166,631
	Consulting fees		451,726			-		451,726
	Office and administration		166,996			14,264		181,260
	Interest and service charges		4,545			1,886		6,431
	Insurance		95,570			-		95,570
	Depreciation		8,306			16,528		24,834
	Accretion		67,384			-		67,384
	Write down of Mineral Properties		337,400			20,000		357,400
	Total Expenses		3,323,147			4,289,344		7,612,491
	Net loss	$	3,220,459		$	4,288,671	$	7,509,130
	Other items
	Loss (Gain) on sale of marketable securities		(31,975	)		-		(31,975	)
	Net Loss	$	3,188,484		$	4,288,671	$	7,477,155
	Other comprehensive loss(gain)
	Foreign currency translation adjustment		100,806			-		100,806
	Unrealized loss (gain) on available-for-sale-securities		124,848			-		124,848
	Total Comprehensive Loss for the Period	$	3,414,138		$	4,288,671	$	7,702,809
	Loss for the period by geographical segment for the six month period ended December 31, 2013:
		United States			Mexico		Total
	Interest income	$	6,807		$	-	$	6,807
	Other income		51,745			5,131		56,876
	Total income	$	58,552		$	5,131	$	63,683
	Expenses:
	Exploration		1,007,586			2,081,696		3,089,282
	Professional fees		434,970			-		434,970
	Directors compensation		139,946			-		139,946
	Travel and lodging		117,889			-		117,889
	Corporate communications		118,638			-		118,638
	Consulting fees		169,282			-		169,282
	Office and administration		159,570			18,660		178,230
	Interest and service charges		4,014			14,833		18,847
	Insurance		189,820			-		189,820
	Depreciation		12,842			16,399		29,241
	Accretion		61,366			-		61,366
	Income and other taxes		7,389			-		7,389
	Total Expenses		2,423,313			2,131,587		4,554,900
	Net loss	$	2,364,761		$	2,126,456	$	4,491,217
	Other comprehensive loss(gain)
	Foreign currency translation adjustment		23,629			-		23,629
	Unrealized loss (gain) on available-for-sale-securities		3,798			-		3,798
	Total Comprehensive Loss for the Period	$	2,392,188		$	2,126,456	$	4,518,644
	Assets by geographical segment:
		United States			Mexico		Total
	31-Dec-14
	Mineral properties	$	27,936,135		$	18,357,263	$	46,293,398
	Property and equipment	$	35,379		$	317,503	$	352,882
	30-Jun-14
	Mineral properties	$	28,273,535		$	23,602,263	$	51,875,798
	Property and equipment	$	43,685		$	334,031	$	377,716

Reclamation_and_Environmental_

Reclamation and Environmental (Tables)	6 Months Ended
	Dec. 31, 2014
Reclamation and Environmental [Abstract]
Schedule of change in asset retirement obligation	Changes to the Company’s asset retirement obligations for the six month period ended December 31, 2014 are as follows:
		31-Dec-14			30-Jun-14
	Balance at beginning of period	$	1,291,066		$	1,263,584
	Accretion expense		67,384			122,732
	Payments		(92,435	)		(95,250	)
	Balance at end of period	$	1,266,015		$	1,291,066

Principal_Accounting_Policies_1

Principal Accounting Policies (Details) (USD $)	3 Months Ended	6 Months Ended
	Dec. 31, 2014	Dec. 31, 2014
Principal Accounting Policies [Abstract]
Value added tax rate assessed by foreign authority (in hundredths)		16.00%
Foreign currency transaction loss	($104,780)

Marketable_Securities_Details

Marketable Securities (Details) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Jun. 30, 2014
Schedule of Available-for-sale Securities [Line Items]
Cost basis of marketable securities			$430,100
Net proceeds from sale of marketable securities			462,075	-49,950
Gain on sale of marketable securities	0	0	31,975	0
Other comprehensive income reclassification reversal of unrealized gain			106,631
Unrealized gain (loss)			-18,217	39,989
Marketable Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities,, Cost Basis	69,850		69,850		499,950
Available-for-sale Securities, Impairment charge			0		0
Available-for-sale Securities, Adjusted Cost	69,850		69,850		499,950
Available-for-sale Securities, Gross Unrealized Losses	64,699		64,699		0
Available-for-sale Securities, Gross Unrealized Gains	0		0		60,149
Available-for-sale Securities, Fair Value	$5,151		$5,151		$560,099

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (USD $)	Dec. 31, 2014	Jun. 30, 2014
Assets
Cash and cash equivalents	$7,062,141	$5,107,691
Marketable Securities	5,151	560,099
Level 1 [Member]
Assets
Cash and cash equivalents	7,062,141
Marketable Securities	0
Level 2 [Member]
Assets
Cash and cash equivalents	0
Marketable Securities	0
Level 3 [Member]
Assets
Cash and cash equivalents	0
Marketable Securities	$5,151

Capital_Stock_Details

Capital Stock (Details) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Jun. 30, 2014	Dec. 02, 2011	Feb. 24, 2009	Aug. 23, 2007
Capital Stock [Abstract]
Authorized capital stock (in shares)	200,000,000		200,000,000		200,000,000
Common shares, par value (in dollars per share)	$0.00		$0.00		$0.00
Common stock issued (in shares)	162,027,422		162,027,422		159,170,859
Common shares outstanding (in shares)	162,027,422		162,027,422		159,170,859
Summary of common stock issued [Abstract]
Financing (in shares)	2,856,563	0
Common stock issued (in shares)	2,586,563	0	2,586,563	0
Weighted Average Grant-Date Fair Value [Roll Forward]
Recognized stock-based compensation expenses	$18,055	$23,370	$41,438	$120,836
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of additional common share for issuance (in shares)						4,000,000	3,000,000	4,000,000
Re-priced exercise price (in dollars per share)							$0.65
Number of shares [Abstract]
Beginning balance (in shares)			5,767,500
Issued (in shares)			0
Cancelled / Expired (in shares)			577,500
Exercised (in shares)			0
Ending balance (in shares)	5,190,000		5,190,000		5,767,500
Exercisable (in shares)	5,123,334		5,123,334
Weighted Avg. Exercise Price [Abstract]
Beginning balance (in dollars per share)			$1.89
Issued (in dollars per share)			$0
Cancelled / Expired (in dollars per share)			$2.69
Exercised (in dollars per share)			$0
Ending balance (in dollars per share)	$1.81		$1.81		$1.89
Exercisable (in dollars per share)	$1.80		$1.80
Weighted-Average Remaining Contractual Term [Abstract]
Beginning balance			1 year 11 months 19 days		2 years 3 months 7 days
Ending balance			1 year 11 months 19 days		2 years 3 months 7 days
Exercisable			1 year 11 months 23 days
Aggregate Intrinsic Value [Abstract]
Beginning balance			0
Ending balance	0		0		0
Exercisable	0		0
Non-Vested Stock Options [Member]
Aggregate Intrinsic Value [Abstract]
Number of non vested options outstanding (in shares)	66,666		66,666
Unrecognized compensation costs related to non-vested stock options	$27,133	$115,336	$27,133	$115,336
Recognition of unrecognized compensation costs related to non-vested stock options			1 year
Non-vested - Number of shares [Roll Forward]
Non-vested, beginning (in shares)			189,999
Issued (in shares)			0
Vested (in shares)			123,333
Forfeited (in shares)			0
Non-vested, ending (in shares)	66,666		66,666
Weighted Average Grant-Date Fair Value [Roll Forward]
Non-vested, beginning (in dollars per share)			$2.12
Issued (in dollars per share)			$0
Vested (in dollars per share)			$0
Forfeited (in dollars per share)			$0
Non-vested, ending (in dollars per share)	$2.22		$2.22
Non-Vested Stock Options [Member] | Maximum [Member]
Aggregate Intrinsic Value [Abstract]
Service term			1 year

Related_Party_Transactions_Det

Related Party Transactions (Details) (Directors [Member], USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Directors [Member]
Related Party Transaction [Line Items]
Payment made to director for services	$45,000	$54,000	$91,500	$108,000
Non-cash transaction to recognize stock based compensation for directors	$10,655	$15,970	$26,637	$31,946

Mineral_Properties_Details

Mineral Properties (Details) (USD $)	6 Months Ended
	Dec. 31, 2014	Jun. 30, 2014
	sqmi
	MiningConcession
Mineral properties, net [Abstract]
Mineral properties, net	$46,293,398	$51,875,798
Iris Royalty [Member]
Mineral properties, net [Abstract]
Mineral properties, net	50,000	50,000
San Miguel Project [Member]
Mineral properties, net [Abstract]
Mineral properties, net	18,207,263	23,452,263
Percentage of ownership in Project (in hundredths)	100.00%
Number of mining concessions acquired	40
Area of concession coverage	551
Value of mining concessions written down	20,000
Net smelter rate of return (in hundredths)		0.70%
Amount payable for consideration		5,250,000
Net Proceeds towards recovery of acquisition costs		5,225,000
Sleeper [Member]
Mineral properties, net [Abstract]
Mineral properties, net	25,554,090	25,891,490
Number of unpatented mining claims	1,044
Number of additional unpatented lode mining claims	1,526
Number of dropped claims	212
Value of claims dropped	337,400
Mill Creek [Member]
Mineral properties, net [Abstract]
Mineral properties, net	2,096,616	2,096,616
Number of unpatented mining claims	36
Unpatented lode mining claims area	720
Spring Valley [Member]
Mineral properties, net [Abstract]
Mineral properties, net	$385,429	$385,429
Number of unpatented mining claims	38

Property_and_Equipment_Details

Property and Equipment (Details) (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Jun. 30, 2014
Property and equipment, net [Abstract]
Property and Equipment, at Cost	$897,634		$897,634		$897,634
Accumulated depreciation	-544,752		-544,752		-519,918
Total	352,882		352,882		377,716
Additions to property, plant and equipment			0	2,204
Depreciation	12,417	14,455	24,834	29,241
Exploration and Other Equipment [Member]
Property and equipment, net [Abstract]
Property and Equipment, at Cost	331,944		331,944		331,944
Building and Leaseholds [Member]
Property and equipment, net [Abstract]
Property and Equipment, at Cost	325,207		325,207		325,207
Furniture and Computer Equipment [Member]
Property and equipment, net [Abstract]
Property and Equipment, at Cost	$240,483		$240,483		$240,483

Segmented_Information_Details

Segmented Information (Details) (USD $)	3 Months Ended			6 Months Ended		12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Jun. 30, 2014	Jun. 30, 2013
Segment reporting information by segment [Abstract]
Interest income	$2,534		$1,841	$5,153	$6,807
Other income	67,722		46,745	98,208	56,876
Total Revenue	70,256		48,586	103,361	63,683
Expenses [Abstract]
Exploration	3,140,205		1,855,025	5,138,180	3,089,282
Professional fees	671,050		204,202	909,840	434,970
Directors compensation	55,655		69,970	118,137	139,946
Travel and lodging	45,343		75,219	95,098	117,889
Corporate communications	106,799		64,287	166,631	118,638
Consulting fees	385,457		46,705	451,726	169,282
Office and administration	107,065		103,361	181,260	178,230
Interest and service charges				6,431	18,847
Insurance	38,867		87,448	95,570	189,820
Depreciation	12,417		14,455	24,834	29,241
Accretion	33,692		30,683	67,384	61,366
Income and other taxes	0		7,389	0	7,389
Write down of mineral properties				357,400
Total Expenses	4,599,670		2,574,876	7,612,491	4,554,900
Net Loss before other items	4,529,414		2,526,290	7,509,130	4,491,217
Other items [Abstract]
Loss (Gain) on sale of marketable securities				-31,975
Net Loss	4,529,414	2,947,741	2,526,290	7,477,155	4,491,217	11,062,025	13,488,280
Other comprehensive loss (gain) [Abstract]
Foreign currency translation adjustment	78,887	21,919	-10,875	100,806	23,629	42,735	4,210
Unrealized loss on available-for-sale-securities	1,183	123,665	108,591	124,848	3,798	-60,149
Total Comprehensive Loss for the Period	4,609,484		2,624,006	7,702,809	4,518,644
Mineral properties	46,293,398			46,293,398		51,875,798
Property and Equipment	352,882			352,882		377,716
United States [Member] | Reportable Geographical Components [Member]
Segment reporting information by segment [Abstract]
Interest income				5,153	6,807
Other income				97,535	51,745
Total Revenue				102,688	58,552
Expenses [Abstract]
Exploration				901,514	1,007,586
Professional fees				909,840	434,970
Directors compensation				118,137	139,946
Travel and lodging				95,098	117,889
Corporate communications				166,631	118,638
Consulting fees				451,726	169,282
Office and administration				166,996	159,570
Interest and service charges				4,545	4,014
Insurance				95,570	189,820
Depreciation				8,306	12,842
Accretion				67,384	61,366
Income and other taxes					7,389
Write down of mineral properties				337,400
Total Expenses				3,323,147	2,423,313
Net Loss before other items				3,220,459	2,364,761
Other items [Abstract]
Loss (Gain) on sale of marketable securities				-31,975
Net Loss				3,188,484
Other comprehensive loss (gain) [Abstract]
Foreign currency translation adjustment				100,806	23,629
Unrealized loss on available-for-sale-securities				124,848	3,798
Total Comprehensive Loss for the Period				3,414,138	2,392,188
Mineral properties	27,936,135			27,936,135		28,273,535
Property and Equipment	35,379			35,379		43,685
Mexico [Member] | Reportable Geographical Components [Member]
Segment reporting information by segment [Abstract]
Interest income				0	0
Other income				673	5,131
Total Revenue				673	5,131
Expenses [Abstract]
Exploration				4,236,666	2,081,696
Professional fees				0	0
Directors compensation				0	0
Travel and lodging				0	0
Corporate communications				0	0
Consulting fees				0	0
Office and administration				14,264	18,660
Interest and service charges				1,886	14,833
Insurance				0	0
Depreciation				16,528	16,399
Accretion				0	0
Income and other taxes					0
Write down of mineral properties				20,000
Total Expenses				4,289,344	2,131,587
Net Loss before other items				4,288,671	2,126,456
Other items [Abstract]
Loss (Gain) on sale of marketable securities				0
Net Loss				4,288,671
Other comprehensive loss (gain) [Abstract]
Foreign currency translation adjustment				0	0
Unrealized loss on available-for-sale-securities				0	0
Total Comprehensive Loss for the Period				4,288,671	2,126,456
Mineral properties	18,357,263			18,357,263		23,602,263
Property and Equipment	$317,503			$317,503		$334,031

Reclamation_and_Environmental_1

Reclamation and Environmental (Details) (USD $)	6 Months Ended	12 Months Ended
	Dec. 31, 2014	Jun. 30, 2014	Jun. 30, 2013
Reclamation and Environmental [Abstract]
Reclamation cost	$25,000,000
Prepaid insurance	98,084	122,607
Commutation account balance	2,535,580	2,626,538
Estimated undiscounted reclamation cost	3,915,626
Interest rate assumptions used to compute the asset retirement obligation (in hundredths)		9.76%	9.76%
Inflation rate assumptions used to compute the asset retirement obligation (in hundredths)		2.00%	2.00%
Changes to the Company's asset retirement obligations [Roll Forward]
Balance at beginning of period	1,291,066	1,263,584
Accretion expense	67,384	122,732
Payments	-92,435	-95,250
Balance at end of period	$1,266,015	$1,291,066	$1,263,584

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (USD $)	0 Months Ended
	Dec. 16, 2014
Other Commitments [Line Items]
Ownership percentage after merger (in hundredths)	24.00%
Coeur Mining Inc [Member]
Other Commitments [Line Items]
Principal amount of loan issuable	$8,530,000
Ownership percentage after Spin-Off (in hundredths)	4.90%
Ownership percentage after merger (in hundredths)	76.00%
Conversion ratio of shares	0.2016
SpinCo [Member]
Other Commitments [Line Items]
Value of shares issuable	$1,470,000
Value of shares issuable (in hundredths)	4.90%
Ownership percentage after Spin-Off (in hundredths)	95.10%