Revett Mining Inactive 10-Q12 May 142014 Q1 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
Document and Entity Information	Mar. 31, 2014	12-May-14
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	31-Mar-14	'
Trading Symbol	'rvm	'
Entity Registrant Name	'Revett Mining Company, Inc.	'
Entity Central Index Key	'0001404592	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	39,128,989
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Well Known Seasoned Issuer	'No	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Current Assets	'	'
Cash and cash equivalents	$9,024	$7,951
Concentrate settlement and other receivables	1,885	1,164
Inventories	4,091	4,133
Prepaid expenses and deposits	531	414
Total current assets	15,531	13,662
Property, plant, and equipment (net)	67,011	65,108
Restricted cash	6,545	6,542
Available for sale securities	0	600
Other long term assets	736	736
Total assets	89,823	86,648
Current liabilities	'	'
Trade accounts payable	1,217	954
Payroll liabilities	653	604
Income, property and mining taxes	660	588
Other accrued payable	102	19
Current portion of capital lease obligations and note payable	1,084	925
Total current liabilities	3,716	3,090
Long term portion of capital lease obligations and note payable	0	364
Reclamation and remediation liability	4,708	4,613
Deferred income taxes	0	25
Total liabilities	8,424	8,092
Commitments and contingencies	'	'
Shareholders' equity	'	'
Preferred stock, $0.01par value, 25,000,000 authorized, no shares issued and outstanding	0	0
Common stock, $0.01 par value, 100,000,000 authorized, 39,127,989 and 34,596,387 shares issued and outstanding at March 31, 2014 and December 31, 2013,	391	346
Additional paid-in capital	91,826	88,149
Accumulated other comprehensive loss, net of tax	0	45
Retained earnings (deficit)	-10,818	-9,984
Total equity	81,399	78,556
Total liabilities and shareholders' equity	$89,823	$86,648

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Preferred Stock, Par Value Per Share	$0.01	$0.01
Preferred Stock, Shares Authorized	25,000,000	25,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par Value Per Share	$0.01	$0.01
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Shares, Issued	39,127,989	34,596,387
Common Stock, Shares, Outstanding	39,127,989	34,596,387

Consolidated_Statements_of_Ope

Consolidated Statements of Operations and Comprehensive Income (Loss) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Revenue	$6	$216
Expenses:	'	'
Troy Mine suspension related costs	1,021	4,420
Depreciation and depletion	6	8
Exploration and development	236	317
General & administrative:	'	'
Stock based compensation	368	191
Other	844	1,017
Accretion of reclamation and remediation liability	95	119
Total Expenses	2,570	6,072
Income (loss) from operations	-2,564	-5,856
Other income (expenses):	'	'
Interest income (expense)	11	-612
Other income	1,288	1
Gain (loss) on sale of securities	429	-262
Foreign exchange gain (loss)	2	-5
Gain on warrant derivative	0	42
Total other income (expenses)	1,730	-836
Income (loss) before income taxes	-834	-6,692
Income tax benefit (expense):	'	'
Current income tax	0	0
Deferred income tax	0	2,573
Net income (loss)	-834	-4,119
Other comprehensive income:	'	'
Unrealized gain on available for sale securities, net of tax	45	101
Comprehensive income (loss)	-789	-4,018
Net income (loss) for basic and diluted earnings per share	($789)	($4,119)
Basic and diluted earnings (loss) per share	($0.02)	($0.12)
Weighted average number of shares outstanding - basic and diluted	34,641,717	34,580,243

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Cash flows from operating activities:	'	'
Net income (loss) for the period	($834)	($4,119)
Adjustment to reconcile net income (loss) to net cash provided by (used in) operating activities:	'	'
Depreciation and amortization	6	8
Deferred financing fee amortization	0	556
Accretion of reclamation and remediation liability	95	119
Stock based compensation	368	191
Loss on disposal of fixed assets	0	5
Accrued interest from reclamation trust fund	-3	-3
Loss (gain) on sale of available for sale securities	-429	262
Loss (gain) on warrant derivative	0	-42
Deferred income tax	0	-2,573
Changes in:	'	'
Concentrate settlement and other receivable	-721	351
Inventories	45	-301
Prepaid expenses and other assets	-117	-139
Accounts payable and accrued liabilities	466	-1,332
Net cash provided by (used in) operating activities	-1,124	-7,017
Cash flows from investing activities:	'	'
Purchase of plant and equipment	-1,911	-170
Proceeds from the sale of available for sale securities	959	75
Sale (purchase) of short term investments	0	3
Net cash used in investing activities	-952	-92
Cash flows from financing activities:	'	'
Proceeds from the issuance of common stock, net	3,354	120
Repayment of capital leases	-205	-248
Net cash used in financing activities	3,149	-128
Net increase in cash and cash equivalents	1,073	-7,237
Cash and cash equivalents, beginning of period	7,951	18,986
Cash and cash equivalents, end of period	9,024	11,749
Non cash transactions:	'	'
Receivable for the sale of available for sale securities	$0	$166

Consolidated_Statements_of_Sha

Consolidated Statements of Shareholders Equity (USD $)	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings (Accumulated Deficit) [Member]	Total
In Thousands, except Share data	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings (Accumulated Deficit) [Member]	Total
Beginning Balance at Dec. 31, 2012	$87,727	'	($538)	$1,591	$88,780
Beginning Balance (Shares) at Dec. 31, 2012	34,492,389	'	'	'	'
Issue of shares for exercise of options	25	'	'	'	25
Issue of shares for exercise of options (Shares)	49,000	'	'	'	'
Issue of shares for exercise of warrants	125	'	'	'	125
Issue of shares for exercise of warrants (Shares)	55,000	'	'	'	'
Unrealized gain on marketable securities, net of tax	'	'	583	'	583
Stock-based compensation on options granted	618	'	'	'	618
Net income for the year	'	'	'	-11,575	-11,575
Ending Balance at Dec. 31, 2013	88,495	'	45	-9,984	78,556
Ending Balance (Shares) at Dec. 31, 2013	34,596,389	'	'	'	'
Reclassification due to change in par value of common shares	-88,149	88,149	'	'	'
Issue of shares for exercise of options	'	17	'	'	17
Issue of shares for exercise of options (Shares)	32,500	'	'	'	'
Issue of shares	45	3,292	'	'	3,337
Issue of shares (Shares)	4,499,100	'	'	'	'
Unrealized gain on marketable securities, net of tax	'	'	-45	'	-45
Stock-based compensation on options granted	'	368	'	'	368
Net income for the year	'	'	'	-834	-834
Ending Balance at Mar. 31, 2014	$391	$91,826	'	($10,818)	$81,399
Ending Balance (Shares) at Mar. 31, 2014	39,127,989	'	'	'	'

Basis_of_Presentation

Basis of Presentation	3 Months Ended
Basis of Presentation	Mar. 31, 2014
Basis of Presentation [Text Block]	'

	1. Basis of Presentation

	In the opinion of management, the accompanying unaudited interim consolidated balance sheets and consolidated statements of operations and comprehensive income (loss), cash flows, and shareholders’ equity contain all adjustments, consisting of normal recurring items, necessary to present fairly, in all material respects, the financial position of Revett Mining Company, Inc. (“Revett Mining” or the “Company”) as of March 31, 2014 and December 31, 2013, and the results of its operations and its cash flows for the three month periods ended March 31, 2014 and 2013. The operating and financial results for Revett Mining for the three months ended March 31, 2014 are not necessarily indicative of the results that may be expected for the year ended December 31, 2014.

	These unaudited interim financial statements have been prepared by management in accordance with generally accepted accounting principles used in the United States of America (U.S. GAAP) and are presented in U.S. dollars. These unaudited interim consolidated financial statements do not include all note disclosures required by U.S. GAAP on an annual basis, and therefore should be read in conjunction with the annual audited consolidated financial statements for the year ended December 31, 2013 filed with the appropriate securities regulatory authorities.

	Revett Mining Company, Inc. (formerly known as Revett Minerals Inc.) was incorporated in Canada in August 2004 to acquire Revett Silver Company and undertake a public offering of its common shares, transactions that were completed in February 2005. Revett Silver Company, a Montana corporation, was organized in April 1999 to acquire the Troy mine (“Troy”) and the Rock Creek project (“Rock Creek”) from ASARCO Incorporated and Kennecott Montana Company, transactions that were completed in October 1999 and February 2000. Revett Mining Company changed its jurisdiction of incorporation (from Canada to Delaware) and its name (from Revett Minerals, Inc. to Revett Mining Company) on February 18, 2014, following approval by shareholders at a special meeting held on January 24, 2014. The Company conducts business through four Montana corporations, all subsidiaries of its wholly-owned Revett Silver Company subsidiary: Troy Mine, Inc., RC Resources Inc., Revett Exploration, Inc. and Revett Holdings, Inc.

	Troy is an underground silver and copper mine located in northwestern Montana. ASARCO operated the mine from 1981 to 1993, and then placed it on care and maintenance because of low metals prices. We restarted mining operations in late 2004 and commenced commercial production in early 2005. We operated Troy continuously until December 2012, when operations were suspended due to unstable ground conditions in portions of the mine. After an unsuccessful attempt to find an alternative route to our reserve mining areas, a decision was made to construct a new decline from the main haulage route to the North C Beds, giving access to the A and C Beds, and then continue to the undeveloped I Bed mining areas.

Changes_affecting_consolidated

Changes affecting consolidated financial statements and Future accounting changes	3 Months Ended
	Mar. 31, 2014
Changes affecting consolidated financial statements and Future accounting changes [Text Block]	'

	2. Changes affecting consolidated financial statements and Future accounting changes:

	Accounting principles:

	There were no new pronouncements issued by the FASB that may materially impact the Company’s consolidated financial statements for future periods.

Inventory

Inventory	3 Months Ended
Inventory	Mar. 31, 2014
Inventory [Text Block]	'

	3. Inventory

	The major components of the Company’s inventory accounts are as follows:

			31-Mar-14		31-Dec-13
	Concentrate inventory	$	500	$	530
	Material and supplies		3,591		3,603
		$	4,091	$	4,133

Mineral_Property_Plant_Equipme

Mineral Property, Plant, Equipment, and Mine Development	3 Months Ended
Mineral Property, Plant, Equipment, and Mine Development	Mar. 31, 2014
Mineral Property, Plant, Equipment, and Mine Development [Text Block]	'

	4. Mineral Property, Plant, Equipment and Mine Development

	The major components of the Company’s mineral property, plant, and equipment accounts are as follows:

				March 31,			December 31,
				2014			2013
		Troy:
		Property acquisition and development costs	$	18,322		$	18,322
		Plant and equipment		13,931			13,931
		Construction in progress		2,704			808
		Buildings and structures		5,613			5,613
				40,570			38,674
		Rock Creek:
		Property acquisition costs		34,976			34,976

		Other, corporate		4,330			4,330
		Other, mineral properties		118			118
				79,994			78,098
		Accumulated depreciation and depletion:
		Troy Property acquisition and development costs		(7,332	)		(7,332	)
		Troy plant and equipment		(3,861	)		(3,861	)
		Troy buildings and structures		(1,630	)		(1,630	)
				(12,823	)		(12,823	)
		Other corporate assets		(160	)		(167	)
				(12,983	)		(12,990	)
			$	67,011		$	65,108

	The net book value of assets under capital leases at March 31, 2014 and December 31, 2013 was $1.6 million and $2.1 million, respectively.

	Revett Holdings Inc., a wholly owned subsidiary, owns undeveloped real estate lands with a carrying value of $3.6 million which has been purchased for mitigation requirements for the Rock Creek project. These lands will be transferred to the U.S. Forest Service and/or the State of Montana as the phase 1 evaluation program, or phase 2 mine construction and development proceeds. The property costs for Rock Creek will be amortized when the project is placed into production.

Available_for_sale_securities

Available for sale securities	3 Months Ended
Available for sale securities	Mar. 31, 2014
Available for sale securities [Text Block]	'

	5. Available for sale securities

	Available for sale securities are comprised of publically traded common stocks which have been valued using quoted market prices in active markets. The following table summarizes the Company’s available for sale securities at:

				March 31,		December 31,
				2014		2013

		Cost	$	-	$	1,499
		Other than temporary impairment charge		-		(969	)

		Unrealized gain		-		70
		Fair value	$	-	$	600

	During the quarter ended March 31, 2014, the Company sold all of its available for sale equity securities for approximately $1.0 million, and recognized a gain of $0.4 million.

Debt_and_capital_lease_obligat

Debt and capital lease obligations	3 Months Ended
Debt and capital lease obligations	Mar. 31, 2014
Debt and capital lease obligations [Text Block]	'

	6. Debt and capital lease obligations

	(a) Capital leases and note payable :

	At March 31, 2014 and December 31, 2013, the balance of the Company’s long-term debt and capital lease obligations were as follows:

			March 31,			Dec. 31,
			2014			2013
	Capital leases and note payable	$	1,084		$	1,289
	Less current portion		(1,084	)		(925	)
		$	-		$	364

	The Company has a number of capital leases and a note payable for mining equipment for use at Troy. Scheduled minimum capital lease and note payable principal repayments at March 31, 2014 are as follows:

			Capital			Note
			Leases			Payable			Total
	2014	$	634		$	455			1,089

	Less amount representing interest (at rates ranging from 1.6% to 4.1%		5			-			5
	Total present value of net minimum capital lease and note payable payment		629			455			1,084

	Less current portion		629			455			1,084
		$	-		$	-		$	-

	(b) Revolving credit facility:

	On December 10, 2011, the Company entered into a revolving credit agreement with Societe Generale. No funds were drawn under the facility. On February 28, 2013, primarily based upon the suspension of mining operations at the Troy Mine, the Company and Societe Generale agreed to suspend the facility. During the three months ended March 31, 2013, the Company expensed the remaining unamortized deferred loan fee balance of $0.6 million, which is included in interest expense. No expenses were incurred against this credit facility during the three months ended March 31, 2014. There is no assurance that this credit facility will be renewed.

Warrant_derivative_liability

Warrant derivative liability	3 Months Ended
Warrant derivative liability	Mar. 31, 2014
Warrant derivative liability [Text Block]	'

	7. Warrant derivative liability

	At March 31, 2014, the Company did not have any common share purchase warrants denominated in a foreign currency.

	In the past, some of the Company’s issued and outstanding common share purchase warrants have exercise prices denominated in a foreign currency (Canadian dollars). In such cases, these warrants are required to be treated as a derivative liability, as the amount of cash the Company will receive on exercise of the warrants will vary depending on the exchange rate. These warrants are classified as a derivative liability and recognized at fair value. Changes in the fair value of these warrants are recognized in earnings until such time as the warrants are exercised or expire.

	The following table presents the reconciliation of the fair value of the warrants:

				For the three months		For the three months
				ended		ended
				31-Mar-14		31-Mar-13


		Balance, beginning of period	$	-	$	93
		Gain on derivatives		-		(42	)
		Value of warrants exercised		-		(30	)
		Balance, end of period	$	-	$	21

	These common share purchase warrants do not trade in an active securities market, and as such, the Company has estimated the fair value of these warrants using the Black-Scholes option pricing model using the following assumptions at March 31, 2013: weighted average risk-free interest rate 0.10%, weighted average volatility 45.57%, expected dividend yield – nil, and weighted average expected life (in years) 0.4. The fair value estimate is classified as level 2 in the fair value hierarchy.

Share_Capital

Share Capital	3 Months Ended
Share Capital	Mar. 31, 2014
Share Capital [Text Block]	'

	8. Share Capital

	(a) Common Stock

	During the first quarter 2014, the Company shareholders approved a change of jurisdiction of incorporation from Canada to the United States (the “Domestication”). As a result, the Company became Revett Mining Company, Inc., a Delaware corporation. As a result of this change, a par value of $0.01 was established for shares of common stock which previously had no par value.

	The Company has one class of $0.01 par value common stock of which 100,000,000 are authorized for issue. The holders of common stock are entitled to receive dividends without restriction when and if declared by the board of directors. Holders of the Company’s common stock are not entitled to preemptive rights to acquire additional shares of common stock and do not have cumulative voting rights.

	During the quarter ended March 31, 2014, the Company issued 32,500 common shares on exercise of stock options and 4,499,100 common shares on sale of common shares through a private placement for cash proceeds of $3.4 million.

	During the quarter ended March 31, 2013, the Company issued 49,000 common shares on exercise of stock options and 55,000 common shares on exercise of warrants for cash proceeds of $0.12 million.

	(b) Preferred Stock

	The Company is authorized to issue 25,000,000 shares with a $0.01 par value of preferred stock. The Company’s board of directors is authorized to create any series and, in connection with the creation of each series, to fix by resolution the number of shares of each series, and the designations, powers, preferences and rights; including liquidation, dividends, conversion and voting rights, as they may determine. At March 31, 2014, no preferred stock was issued or outstanding.

	(c) Stock options

	The Company’s Equity Incentive Plan authorizes the Company to reserve and have available for issue, 6,500,000 shares of common stock. There were 1,015,000 stock options granted to employees during the three months ended March 31, 2014 with an exercise price of $0.79, expiring on March 29, 2019. The Company used the Black-Scholes option pricing model with a risk-free interest rate of 0.67%, volatility of 71.87% and an expected life of the options of 30 months to estimate the fair values of the options. The weighted average fair value per share was $0.344 for a total value of $0.4 million. These stock options vest 100% on the date of issue. In addition, there were 60,000 stock options granted to consultants during the three months ended March 31, 2014 with an exercise price of $0.79, expiring on March 29, 2017. The Company used the Black-Scholes option pricing model with a risk-free interest rate of 0.285%, volatility of 87.45% and an expected life of the options of 18 months to estimate the fair values of the options. The weighted average fair value per share was $0.32 for a total value of $2 thousand. These stock options vest 100% on the date of issue. There were 1,094,500 stock options granted during the three months ended March 31, 2013 with an exercise price of $2.16, expiring on March 21, 2018. The Company used the Black-Scholes option pricing model with a risk-free interest rate of 0.33%, volatility of 52.16% and an expected life of the options of 30 months to estimate the fair values of the options. The weighted average fair value per share was $0.69 for a total value of $0.8 million. These stock options vest 25% at the end of each quarter in 2013. As at March 31, 2014 and 2013, there was $0 and $0.6 million, respectively, of unrecognized compensation costs relating to unvested stock options.

	During the three months ended March 31, 2014, 72,500 options were cancelled or expired and 32,500 options were exercised. As of March 31, 2014 and 2013, the intrinsic value of options outstanding and exercisable was $0.040 million and $0.5 million, respectively.

	Total stock-based compensation recognized during the three months ended March 31, 2014 and 2013 was $0.4 million and $0.2 million; During the three months ended March 31, 2014 and 2013, a total of $0.2 million and $0.1 million stock option compensation was attributable to the Troy Mine employees and is included in the amounts reported in general and administrative expense.

	As of March 31, 2014, the following stock options were outstanding:

	Options		Options		Exercise		Expiration
	Granted		Exercisable		Price		Date

	10,000		10,000		4.18		15-Apr-14
	8,000		8,000		0.45	CDN	27-Apr-14
	6,000		6,000		2.15		31-May-14
	28,000		28,000		2.16		31-May-14
	23,000		23,000		4.18		31-May-14
	18,500		18,500		4.98		31-May-14
	10,000		10,000		4.17		31-May-14
	6,000		6,000		2.15		31-May-14
	26,000		26,000		4.98		31-May-14
	30,000		30,000		4.18		31-May-14
	31,000		31,000		2.16		31-May-14
	2,000		2,000		2.15		2-Aug-14
	4,000		4,000		4.98		2-Aug-14
	5,000		5,000		4.18		2-Aug-14
	5,000		5,000		2.16		2-Aug-14
	110,000		110,000		0.45		10-Sep-14
	10,000		10,000		1.05		31-Oct-14
	16,500		16,500		4.98		31-Oct-14
	17,000		17,000		4.18		31-Oct-14
	6,000		6,000		2.15		31-Oct-14
	17,500		17,500		2.16		31-Oct-14
	5,000		5,000		1.05		2-Nov-14
	30,000		30,000		1.65		30-Dec-14
	183,000		183,000		2.15		15-Mar-15
	10,000		10,000		1.17		6-Sep-15
	20,000		20,000		2.5		1-Nov-15
	484,000		484,000		4.98		21-Mar-16
	2,500		2,500		5.93		8-Apr-16
	20,000		20,000		1.17		6-Sep-16
	60,000		60,000		0.79		29-Mar-17
	614,500		614,500		4.18		1-Apr-17
	20,000		20,000		3.77		3-May-17
	634,000		634,000		2.16		21-Mar-18
1,015,000		1,015,000		0.79		29-Mar-19
3,487,500		3,487,500		$2.53

(d) Stock Purchase Warrants

The following stock purchase warrants were outstanding at March 31, 2014 for the purchase of common shares of Revett Minerals:

Number	Exercise price	Expiration

1,153,844	USD $1.00	26-Mar-16
1,095,705	USD $1.00	31-Mar-16
2,249,549

During the three months ended March 31, 2014, 2,249,549 new warrants were issued and there were no warrants exercised. During the three months ended March 31, 2013, 55,000 warrants were exercised and no warrants were issued.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2014
Commitments and Contingencies [Text Block]	'

	9. Commitments and Contingencies

	a) Reclamation

	The following table shows the changes in the reclamation liability for the periods indicated.

				Three months ended		Three months ended
				31-Mar-14		31-Mar-13

		Reclamation and remediation liability beginning of period	$	4,613	$	5,597
		Accretion expense		95		119
		Ending balance	$	4,708	$	5,716

	b) Rock Creek Development

	The Rock Creek project (“Rock Creek”) is located in Sanders County, Montana, approximately five miles northeast of Noxon, Montana and sixteen air miles southeast of Troy Mine. The project comprises 99 patented lode-mining claims, 370 unpatented lode-mining claims, five tunnel site claims, 85 mill site claims and 754 acres of fee land. The patented claims lying within the Cabinet Mountain Wilderness Area convey mineral rights only; the patented claims lying outside the wilderness area convey both mineral and surface rights and title. The patented claims were legally surveyed in 1983, patented in 1989, and occupy an area of approximately 1,809 acres. We conduct our development activities at Rock Creek through RC Resources Inc., another of our second-tier operating subsidiaries. RC Resources Inc. is also the record holder of the various claims and fee lands comprising the project.

	Our proposed development of Rock Creek will occur in two phases. The first phase, a two year evaluation program, will confirm and better define the economic and technical viability of the project and reconfirm geotechnical assumptions. This initial phase will include the construction of a 7,000 foot evaluation adit to collect additional technical information; underground infill drilling to establish and confirm mineral resource estimates; geotechnical design studies; bulk sampling of the mineralization for use in metallurgical testing; and, to collect and evaluate hydrologic information. We estimate the evaluation program will cost $25 million to $30 million. Once the program is completed, we will commission a feasibility study and, if it is positive, seek financing to construct a 10,000 tons per day mine and process facility. More specific information concerning our proposed development of Rock Creek is set forth in Item 2 of this report.

	We cannot begin the evaluation program until we receive final permits and approvals from the various Federal and State agencies that exercise jurisdiction over the project. Rock Creek is partially located on United States Forest Service (the “Forest Service”) land within the Kootenai National Forest and under the Cabinet Mountains Wilderness Area, and federal and state approval is required before development can commence. In 2001, the Forest Service issued a Final Environmental Impact Statement (“Final EIS”) under the National Environmental Policy Act (“NEPA”). In 2003, the Forest Service and the Montana Department of Environmental Quality (the “DEQ”) issued a joint administrative decision approving our proposed plan of operations at Rock Creek (the “Record of Decision”). The Record of Decision was based primarily on the findings in the Final EIS and a companion biological opinion (the “Biological Opinion”) issued by the U.S. Fish and Wildlife Service (“USFWS”) in 2003, pursuant to the requirements of the Endangered Species Act (“ESA”). The project was challenged by several regional and national environmental advocacy groups, culminating in a May 2010 Montana Federal District Court decision that upheld the Biological Opinion but remanded the Record of Decision to the Forest Service to address several NEPA procedural deficiencies. The Federal District Court decision upholding the Biological Opinion was affirmed by the Ninth Circuit Court of Appeals in November 2012. The Forest Service is currently working to develop a Supplemental EIS that will comply with the Federal District Court’s decision.

	We are also working to satisfy other federal and state permitting requirements that are required for phase 1 development. These include grizzly bear mitigation requirements, reclamation bonding, designing and constructing a water treatment facility, and improving the road leading to the proposed evaluation adit site.

	We currently own approximately 673 acres of fee land, located in Lincoln and Sanders Counties, that has been designated for Grizzly bear habitat mitigation lands as the Rock Creek project is developed. This land and other current and future real estate holdings that are not essential to our day to day mining operations are; or will be, held by Revett Holdings, Inc., a wholly-owned Montana subsidiary of Revett Silver. Certain of these lands may later be selected for management under the Revett Foundation according to a best-use philosophy.

	Although the Company believes that it will ultimately receive environmental and operating permits, it is possible that successful challenges could delay or prevent the Company from developing the Rock Creek project which, could result in the impairment and write-down of the carrying value related to the Rock Creek property.

Derivative_instruments

Derivative instruments	3 Months Ended
Derivative instruments	Mar. 31, 2014
Derivative instruments [Text Block]	'

	10. Derivative instruments

	Concentrate Sales Contracts

	The Company enters into concentrate sales contracts with third-party buyer. The contracts, in general, provide for a provisional payment based upon provisional assays and quoted metal prices and the provisionally priced sales contain an embedded derivative that is required to be separated from the host contract for accounting purposes. The host contract is the receivable from the sale of concentrates at the forward price at the time of sale. The embedded derivative, which is the final settlement based on a future price, does not qualify for hedge accounting. These embedded derivatives are recorded in Concentrate settlement and other receivables on the consolidated balance sheet and are adjusted to fair value through earnings each period until the date of final settlement.

	Fixed Forward Contracts

	At March 31, 2014, the Company did not have any fixed forward contracts to sell silver of copper.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments

3 Months Ended

Mar. 31, 2014

Fair Value of Financial Instruments [Text Block]

11. Fair Value of Financial Instruments

The carrying values of cash and cash equivalents, accounts receivable, restricted cash, and accounts payable and accrued liabilities approximate fair value due to their short time to maturity or ability to immediately convert them to cash in the normal course. The carrying values of capital lease obligations approximate fair market values as they are based on market rates of interest.

The Company classifies financial instruments recognized at fair value in accordance with a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The three levels of the fair value hierarchy 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

Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and

Level 3

Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).

The following table sets forth the Company’s financial assets and liabilities measured at fair value on a recurring basis by level within the fair value hierarchy. 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 March 31, 2014

Total

Level 1

Level 2

Level 3

Cash and cash equivalents

9,024

Fair value at December 31, 2013

Total

Level 1

Level 2

Level 3

Cash and cash equivalents

7,951

Available for sale securities

600

The Company’s cash and cash equivalent instruments are classified within Level 1 of the fair value hierarchy because they are valued using quoted market prices.

The Company’s available for sale securities are valued using quoted market prices, and accordingly, are included in Level 1.

Income_Taxes

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2014
Income Taxes [Text Block]	'

	12. Income Taxes

	For the three months ended March 31, 2014, the Company did not reported a tax provision or benefit compared to an income tax benefit of $2.6 million for the three months ended March 31, 2013. The following table summarizes the components of the Company’s income tax (benefit) provision:

			Three months ended		Three months ended
			31-Mar-14		31-Mar-13
	Federal:
	Current	$	-	$	-
	Deferred		-		(2,303	)
	Total		-		(2,303	)
	State:
	Current		-		-
	Deferred		-		(270	)
	Total	$	-	$	(2,573	)

	The income tax provision (benefit) for the three months ended March 31, 2014 and 2013 varies from the statutory rate primarily because of the change in valuation allowance for net deferred tax assets and depletion. The Company has estimated an effective tax rate of zero for 2014.

	The Company has U.S. net operating loss carry forward of $43.0 million that expires at various dates between 2019 and 2033. Montana state net operating losses expire at various dates between 2014 and 2020. The Company has U.S. federal tax credit carry forwards of approximately $0.4 million that expire in 2032. The Company has a net capital loss carry forward of approximately $1.5 million that expires in 2017 and 2018.

	As a result of the reorganization of the Canadian company to a U.S. company, the Canadian net operating loss of approximately $10.7 million was forfeited upon the reorganization. The Company’s deferred tax asset and valuation allowance has been reduced by approximately $2.8 million. The Company reviewed all other tax aspects of the reorganization and concluded there was no material tax liability regarding the reorganization.

Comprehensive_income

Comprehensive income	3 Months Ended
Comprehensive income	Mar. 31, 2014
Comprehensive income [Text Block]	'

	13. Comprehensive income

	The components of other comprehensive income for the three months ended March 31, are as follows:

				2014			2013

		Unrealized loss on available for sale securities before tax	$	-		$	(108	)

		Deferred tax effect					38

		Unrealized loss on available for sale securities, net of tax		-			(70	)

		Reclassification of net loss on sale included in net income		70			262
		Related deferred tax effect		(25	)		(91	)
		Unrealized gain (loss) on available for sale securities, net of tax	$	45		$	101

Earnings_Per_Common_Share

Earnings Per Common Share	3 Months Ended
Earnings Per Common Share	Mar. 31, 2014
Earnings Per Common Share [Text Block]	'

	14. Earnings Per Common Share

	The following table reconciles weighted average common shares used in the computations of basic and diluted earnings (loss) per share for the three months ended March 31, 2014, and 2013 (thousands, except per-share amounts).

				March 31,			March 31,
				2014			2013
		Numerator

		Net income (loss) for basic earnings per share	$	(834	)	$	(4,119	)
		Gain on warrant derivative associated with dilutive warrants		-			-
		Net income (loss) for diluted earnings per share	$	(834	)	$	(4,119	)
		Denominator
		Basic weighted average common shares		34,641,717			34,580,243
		Dilutive stock options and warrants		-			-
		Diluted weighted average common shares		34,641,717			34,580,243

		Basic income (loss) per share	$	(0.02	)	$	(0.12	)

		Diluted income (loss) per share	$	(0.02	)	$	(0.12	)

	For the quarters ended March 31, 2014 and 2013, options and warrants to purchase 5,737,049 and 4,591,930 shares, respectively, of the Company’s common stock were excluded from the computation of diluted earnings per share because they were anti-dilutive.

Inventory_Tables

Inventory (Tables)	3 Months Ended
Inventory (Tables)	Mar. 31, 2014
Schedule of Inventory [Table Text Block]	'
			31-Mar-14		31-Dec-13
	Concentrate inventory	$	500	$	530
	Material and supplies		3,591		3,603
		$	4,091	$	4,133

Mineral_Property_Plant_Equipme1

Mineral Property, Plant, Equipment, and Mine Development (Tables)	3 Months Ended
	Mar. 31, 2014
Schedule of Mineral Property, Plant and Equipment [Table Text Block]	'
				March 31,			December 31,
				2014			2013
		Troy:
		Property acquisition and development costs	$	18,322		$	18,322
		Plant and equipment		13,931			13,931
		Construction in progress		2,704			808
		Buildings and structures		5,613			5,613
				40,570			38,674
		Rock Creek:
		Property acquisition costs		34,976			34,976

		Other, corporate		4,330			4,330
		Other, mineral properties		118			118
				79,994			78,098
		Accumulated depreciation and depletion:
		Troy Property acquisition and development costs		(7,332	)		(7,332	)
		Troy plant and equipment		(3,861	)		(3,861	)
		Troy buildings and structures		(1,630	)		(1,630	)
				(12,823	)		(12,823	)
		Other corporate assets		(160	)		(167	)
				(12,983	)		(12,990	)
			$	67,011		$	65,108

Available_for_sale_securities_

Available for sale securities (Tables)	3 Months Ended
Available for sale securities (Tables)	Mar. 31, 2014
Schedule of Available-for-sale Securities [Table Text Block]	'
				March 31,		December 31,
				2014		2013

		Cost	$	-	$	1,499
		Other than temporary impairment charge		-		(969	)

		Unrealized gain		-		70
		Fair value	$	-	$	600

Debt_and_capital_lease_obligat1

Debt and capital lease obligations (Tables)	3 Months Ended
Debt and capital lease obligations (Tables)	Mar. 31, 2014
Schedule of Long-term Debt and Capital Lease Obligations [Table Text Block]	'
			March 31,			Dec. 31,
			2014			2013
	Capital leases and note payable	$	1,084		$	1,289
	Less current portion		(1,084	)		(925	)
		$	-		$	364
Schedule of Future Minimum Lease Payments for Capital Leases and Notes Payable [Table Text Block]	'
			Capital			Note
			Leases			Payable			Total
	2014	$	634		$	455			1,089

	Less amount representing interest (at rates ranging from 1.6% to 4.1%		5			-			5
	Total present value of net minimum capital lease and note payable payment		629			455			1,084

	Less current portion		629			455			1,084
		$	-		$	-		$	-

Warrant_derivative_liability_T

Warrant derivative liability (Tables)	3 Months Ended
Warrant derivative liability (Tables)	Mar. 31, 2014
Schedule of Derivative Liabilities Fair value Reconciliation [Table Text Block]	'
				For the three months		For the three months
				ended		ended
				31-Mar-14		31-Mar-13


		Balance, beginning of period	$	-	$	93
		Gain on derivatives		-		(42	)
		Value of warrants exercised		-		(30	)
		Balance, end of period	$	-	$	21

Share_Capital_Tables

Share Capital (Tables)	3 Months Ended
Share Capital (Tables)	Mar. 31, 2014
Schedule of Stock Options Outstanding [Table Text Block]	'
	Options		Options	Exercise		Expiration
	Granted		Exercisable	Price		Date

	10,000		10,000	4.18		15-Apr-14
	8,000		8,000	0.45	CDN	27-Apr-14
	6,000		6,000	2.15		31-May-14
	28,000		28,000	2.16		31-May-14
	23,000		23,000	4.18		31-May-14
	18,500		18,500	4.98		31-May-14
	10,000		10,000	4.17		31-May-14
	6,000		6,000	2.15		31-May-14
	26,000		26,000	4.98		31-May-14
	30,000		30,000	4.18		31-May-14
	31,000		31,000	2.16		31-May-14
	2,000		2,000	2.15		2-Aug-14
	4,000		4,000	4.98		2-Aug-14
	5,000		5,000	4.18		2-Aug-14
	5,000		5,000	2.16		2-Aug-14
	110,000		110,000	0.45		10-Sep-14
	10,000		10,000	1.05		31-Oct-14
	16,500		16,500	4.98		31-Oct-14
	17,000		17,000	4.18		31-Oct-14
	6,000		6,000	2.15		31-Oct-14
	17,500		17,500	2.16		31-Oct-14
	5,000		5,000	1.05		2-Nov-14
	30,000		30,000	1.65		30-Dec-14
	183,000		183,000	2.15		15-Mar-15
	10,000		10,000	1.17		6-Sep-15
	20,000		20,000	2.5		1-Nov-15
	484,000		484,000	4.98		21-Mar-16
	2,500		2,500	5.93		8-Apr-16
	20,000		20,000	1.17		6-Sep-16
	60,000		60,000	0.79		29-Mar-17
	614,500		614,500	4.18		1-Apr-17
	20,000		20,000	3.77		3-May-17
	634,000		634,000	2.16		21-Mar-18
	1,015,000		1,015,000	0.79		29-Mar-19
	3,487,500		3,487,500	$2.53
Schedule of Stock Purchase Warrants Outstanding [Table Text Block]	'
	Number	Exercise price	Expiration

	1,153,844	USD $1.00	26-Mar-16
	1,095,705	USD $1.00	31-Mar-16
	2,249,549

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	3 Months Ended
Commitments and Contingencies (Tables)	Mar. 31, 2014
Schedule of Change in Reclamation Liability [Table Text Block]	'
				Three months ended		Three months ended
				31-Mar-14		31-Mar-13

		Reclamation and remediation liability beginning of period	$	4,613	$	5,597
		Accretion expense		95		119
		Ending balance	$	4,708	$	5,716

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	3 Months Ended									12 Months Ended
Fair Value of Financial Instruments (Tables)	Mar. 31, 2014									Dec. 31, 2013
Schedule of Fair Value, by Balance Sheet Grouping [Table Text Block]	'									'
			Fair value at March 31, 2014									Fair value at December 31, 2013
			Total		Level 1		Level 2		Level 3			Total		Level 1		Level 2		Level 3

	Cash and cash equivalents	$	9,024	$	9,024	$	-	$	-	Cash and cash equivalents	$	7,951	$	7,951	$	-	$	-
										Available for sale securities		600		600		-		-

Income_Taxes_Tables

Income Taxes (Tables)	3 Months Ended
Income Taxes (Tables)	Mar. 31, 2014
Schedule of Income Tax Expense [Table Text Block]	'
			Three months ended		Three months ended
			31-Mar-14		31-Mar-13
	Federal:
	Current	$	-	$	-
	Deferred		-		(2,303	)
	Total		-		(2,303	)
	State:
	Current		-		-
	Deferred		-		(270	)
	Total	$	-	$	(2,573	)

Comprehensive_income_Tables

Comprehensive income (Tables)	3 Months Ended
Comprehensive income (Tables)	Mar. 31, 2014
Schedule of Comprehensive Income (Loss) [Table Text Block]	'
				2014			2013

		Unrealized loss on available for sale securities before tax	$	-		$	(108	)

		Deferred tax effect					38

		Unrealized loss on available for sale securities, net of tax		-			(70	)

		Reclassification of net loss on sale included in net income		70			262
		Related deferred tax effect		(25	)		(91	)
		Unrealized gain (loss) on available for sale securities, net of tax	$	45		$	101

Earnings_Per_Common_Share_Tabl

Earnings Per Common Share (Tables)	3 Months Ended
Earnings Per Common Share (Tables)	Mar. 31, 2014
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
				March 31,			March 31,
				2014			2013
		Numerator

		Net income (loss) for basic earnings per share	$	(834	)	$	(4,119	)
		Gain on warrant derivative associated with dilutive warrants		-			-
		Net income (loss) for diluted earnings per share	$	(834	)	$	(4,119	)
		Denominator
		Basic weighted average common shares		34,641,717			34,580,243
		Dilutive stock options and warrants		-			-
		Diluted weighted average common shares		34,641,717			34,580,243

		Basic income (loss) per share	$	(0.02	)	$	(0.12	)

		Diluted income (loss) per share	$	(0.02	)	$	(0.12	)

Mineral_Property_Plant_Equipme2

Mineral Property, Plant, Equipment, and Mine Development (Narrative) (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
Mineral Property, Plant, Equipment, And Mine Development 1	$1,600,000
Mineral Property, Plant, Equipment, And Mine Development 2	2,100,000
Mineral Property, Plant, Equipment, And Mine Development 3	$3,600,000

Available_for_sale_securities_1

Available for sale securities (Narrative) (Details) (USD $)	3 Months Ended
Available for sale securities (Narrative) (Details) (USD $)	Mar. 31, 2014
Available For Sale Securities 1	$1,000,000
Available For Sale Securities 2	$400,000

Debt_and_capital_lease_obligat2

Debt and capital lease obligations (Narrative) (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
Debt And Capital Lease Obligations 1	$600,000

Warrant_derivative_liability_N

Warrant derivative liability (Narrative) (Details)	3 Months Ended
Warrant derivative liability (Narrative) (Details)	Mar. 31, 2014
Warrant Derivative Liability 1	0.10%
Warrant Derivative Liability 2	45.57%
Warrant Derivative Liability 3	0
Warrant Derivative Liability 4	0.4

Share_Capital_Narrative_Detail

Share Capital (Narrative) (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
	M
Share Capital 1	$0.01
Share Capital 2	0.01
Share Capital 3	100,000,000
Share Capital 4	32,500
Share Capital 5	4,499,100
Share Capital 6	3,400,000
Share Capital 7	49,000
Share Capital 8	55,000
Share Capital 9	120,000
Share Capital 10	25,000,000
Share Capital 11	0.01
Share Capital 12	6,500,000
Share Capital 13	1,015,000
Share Capital 14	0.79
Share Capital 15	0.67%
Share Capital 16	71.87%
Share Capital 17	30
Share Capital 18	0.344
Share Capital 19	400,000
Share Capital 20	100.00%
Share Capital 21	60,000
Share Capital 22	0.79
Share Capital 23	0.29%
Share Capital 24	87.45%
Share Capital 25	18
Share Capital 26	0.32
Share Capital 27	2,000
Share Capital 28	100.00%
Share Capital 29	1,094,500
Share Capital 30	2.16
Share Capital 31	0.33%
Share Capital 32	52.16%
Share Capital 33	30
Share Capital 34	0.69
Share Capital 35	800,000
Share Capital 36	25.00%
Share Capital 37	0
Share Capital 38	600,000
Share Capital 39	72,500
Share Capital 40	32,500
Share Capital 41	40,000
Share Capital 42	500,000
Share Capital 43	400,000
Share Capital 44	200,000
Share Capital 45	200,000
Share Capital 46	$100,000
Share Capital 47	2,249,549
Share Capital 48	55,000

Commitments_and_Contingencies_1

Commitments and Contingencies (Narrative) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014
	acre
Commitments And Contingencies 1	99
Commitments And Contingencies 2	370
Commitments And Contingencies 3	85
Commitments And Contingencies 4	754
Commitments And Contingencies 5	1,983
Commitments And Contingencies 6	1,989
Commitments And Contingencies 7	1,809
Commitments And Contingencies 8	7,000
Commitments And Contingencies 9	$25
Commitments And Contingencies 10	$30
Commitments And Contingencies 11	10,000
Commitments And Contingencies 12	1
Commitments And Contingencies 13	673

Income_Taxes_Narrative_Details

Income Taxes (Narrative) (Details) (USD $)	3 Months Ended
Income Taxes (Narrative) (Details) (USD $)	Mar. 31, 2014
Income Taxes 1	$2,600,000
Income Taxes 2	43,000,000
Income Taxes 3	400,000
Income Taxes 4	1,500,000
Income Taxes 5	10,700,000
Income Taxes 6	$2,800,000

Earnings_Per_Common_Share_Narr

Earnings Per Common Share (Narrative) (Details)	3 Months Ended
Earnings Per Common Share (Narrative) (Details)	Mar. 31, 2014
Earnings Per Common Share 1	5,737,049
Earnings Per Common Share 2	4,591,930

Schedule_of_Inventory_Details

Schedule of Inventory (Details) (USD $)	3 Months Ended
Schedule of Inventory (Details) (USD $)	Mar. 31, 2014
Inventory Schedule Of Inventory 1	$500
Inventory Schedule Of Inventory 2	530
Inventory Schedule Of Inventory 3	3,591
Inventory Schedule Of Inventory 4	3,603
Inventory Schedule Of Inventory 5	4,091
Inventory Schedule Of Inventory 6	$4,133

Schedule_of_Mineral_Property_P

Schedule of Mineral Property, Plant and Equipment (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
Mineral Property, Plant, Equipment, And Mine Development Schedule Of Mineral Property, Plant And Equipment 1	$18,322
Mineral Property, Plant, Equipment, And Mine Development Schedule Of Mineral Property, Plant And Equipment 2	18,322
Mineral Property, Plant, Equipment, And Mine Development Schedule Of Mineral Property, Plant And Equipment 3	13,931
Mineral Property, Plant, Equipment, And Mine Development Schedule Of Mineral Property, Plant And Equipment 4	13,931
Mineral Property, Plant, Equipment, And Mine Development Schedule Of Mineral Property, Plant And Equipment 5	2,704
Mineral Property, Plant, Equipment, And Mine Development Schedule Of Mineral Property, Plant And Equipment 6	808
Mineral Property, Plant, Equipment, And Mine Development Schedule Of Mineral Property, Plant And Equipment 7	5,613
Mineral Property, Plant, Equipment, And Mine Development Schedule Of Mineral Property, Plant And Equipment 8	5,613
Mineral Property, Plant, Equipment, And Mine Development Schedule Of Mineral Property, Plant And Equipment 9	40,570
Mineral Property, Plant, Equipment, And Mine Development Schedule Of Mineral Property, Plant And Equipment 10	38,674
Mineral Property, Plant, Equipment, And Mine Development Schedule Of Mineral Property, Plant And Equipment 11	34,976
Mineral Property, Plant, Equipment, And Mine Development Schedule Of Mineral Property, Plant And Equipment 12	34,976
Mineral Property, Plant, Equipment, And Mine Development Schedule Of Mineral Property, Plant And Equipment 13	4,330
Mineral Property, Plant, Equipment, And Mine Development Schedule Of Mineral Property, Plant And Equipment 14	4,330
Mineral Property, Plant, Equipment, And Mine Development Schedule Of Mineral Property, Plant And Equipment 15	118
Mineral Property, Plant, Equipment, And Mine Development Schedule Of Mineral Property, Plant And Equipment 16	118
Mineral Property, Plant, Equipment, And Mine Development Schedule Of Mineral Property, Plant And Equipment 17	79,994
Mineral Property, Plant, Equipment, And Mine Development Schedule Of Mineral Property, Plant And Equipment 18	78,098
Mineral Property, Plant, Equipment, And Mine Development Schedule Of Mineral Property, Plant And Equipment 19	-7,332
Mineral Property, Plant, Equipment, And Mine Development Schedule Of Mineral Property, Plant And Equipment 20	-7,332
Mineral Property, Plant, Equipment, And Mine Development Schedule Of Mineral Property, Plant And Equipment 21	-3,861
Mineral Property, Plant, Equipment, And Mine Development Schedule Of Mineral Property, Plant And Equipment 22	-3,861
Mineral Property, Plant, Equipment, And Mine Development Schedule Of Mineral Property, Plant And Equipment 23	-1,630
Mineral Property, Plant, Equipment, And Mine Development Schedule Of Mineral Property, Plant And Equipment 24	-1,630
Mineral Property, Plant, Equipment, And Mine Development Schedule Of Mineral Property, Plant And Equipment 25	-12,823
Mineral Property, Plant, Equipment, And Mine Development Schedule Of Mineral Property, Plant And Equipment 26	-12,823
Mineral Property, Plant, Equipment, And Mine Development Schedule Of Mineral Property, Plant And Equipment 27	-160
Mineral Property, Plant, Equipment, And Mine Development Schedule Of Mineral Property, Plant And Equipment 28	-167
Mineral Property, Plant, Equipment, And Mine Development Schedule Of Mineral Property, Plant And Equipment 29	-12,983
Mineral Property, Plant, Equipment, And Mine Development Schedule Of Mineral Property, Plant And Equipment 30	-12,990
Mineral Property, Plant, Equipment, And Mine Development Schedule Of Mineral Property, Plant And Equipment 31	67,011
Mineral Property, Plant, Equipment, And Mine Development Schedule Of Mineral Property, Plant And Equipment 32	$65,108

Schedule_of_Availableforsale_S

Schedule of Available-for-sale Securities (Details) (USD $)	3 Months Ended
Schedule of Available-for-sale Securities (Details) (USD $)	Mar. 31, 2014
Available For Sale Securities Schedule Of Available-for-sale Securities 1	$0
Available For Sale Securities Schedule Of Available-for-sale Securities 2	1,499
Available For Sale Securities Schedule Of Available-for-sale Securities 3	0
Available For Sale Securities Schedule Of Available-for-sale Securities 4	-969
Available For Sale Securities Schedule Of Available-for-sale Securities 5	0
Available For Sale Securities Schedule Of Available-for-sale Securities 6	70
Available For Sale Securities Schedule Of Available-for-sale Securities 7	0
Available For Sale Securities Schedule Of Available-for-sale Securities 8	$600

Schedule_of_Longterm_Debt_and_

Schedule of Long-term Debt and Capital Lease Obligations (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
Debt And Capital Lease Obligations Schedule Of Long-term Debt And Capital Lease Obligations 1	$1,084
Debt And Capital Lease Obligations Schedule Of Long-term Debt And Capital Lease Obligations 2	1,289
Debt And Capital Lease Obligations Schedule Of Long-term Debt And Capital Lease Obligations 3	-1,084
Debt And Capital Lease Obligations Schedule Of Long-term Debt And Capital Lease Obligations 4	-925
Debt And Capital Lease Obligations Schedule Of Long-term Debt And Capital Lease Obligations 5	0
Debt And Capital Lease Obligations Schedule Of Long-term Debt And Capital Lease Obligations 6	$364

Schedule_of_Future_Minimum_Lea

Schedule of Future Minimum Lease Payments for Capital Leases and Notes Payable (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
Debt And Capital Lease Obligations Schedule Of Future Minimum Lease Payments For Capital Leases And Notes Payable 1	$634
Debt And Capital Lease Obligations Schedule Of Future Minimum Lease Payments For Capital Leases And Notes Payable 2	455
Debt And Capital Lease Obligations Schedule Of Future Minimum Lease Payments For Capital Leases And Notes Payable 3	1,089
Debt And Capital Lease Obligations Schedule Of Future Minimum Lease Payments For Capital Leases And Notes Payable 4	1.60%
Debt And Capital Lease Obligations Schedule Of Future Minimum Lease Payments For Capital Leases And Notes Payable 5	4.10%
Debt And Capital Lease Obligations Schedule Of Future Minimum Lease Payments For Capital Leases And Notes Payable 6	5
Debt And Capital Lease Obligations Schedule Of Future Minimum Lease Payments For Capital Leases And Notes Payable 7	0
Debt And Capital Lease Obligations Schedule Of Future Minimum Lease Payments For Capital Leases And Notes Payable 8	5
Debt And Capital Lease Obligations Schedule Of Future Minimum Lease Payments For Capital Leases And Notes Payable 9	629
Debt And Capital Lease Obligations Schedule Of Future Minimum Lease Payments For Capital Leases And Notes Payable 10	455
Debt And Capital Lease Obligations Schedule Of Future Minimum Lease Payments For Capital Leases And Notes Payable 11	1,084
Debt And Capital Lease Obligations Schedule Of Future Minimum Lease Payments For Capital Leases And Notes Payable 12	629
Debt And Capital Lease Obligations Schedule Of Future Minimum Lease Payments For Capital Leases And Notes Payable 13	455
Debt And Capital Lease Obligations Schedule Of Future Minimum Lease Payments For Capital Leases And Notes Payable 14	1,084
Debt And Capital Lease Obligations Schedule Of Future Minimum Lease Payments For Capital Leases And Notes Payable 15	0
Debt And Capital Lease Obligations Schedule Of Future Minimum Lease Payments For Capital Leases And Notes Payable 16	0
Debt And Capital Lease Obligations Schedule Of Future Minimum Lease Payments For Capital Leases And Notes Payable 17	$0

Schedule_of_Derivative_Liabili

Schedule of Derivative Liabilities Fair value Reconciliation (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
Warrant Derivative Liability Schedule Of Derivative Liabilities Fair Value Reconciliation 1	$0
Warrant Derivative Liability Schedule Of Derivative Liabilities Fair Value Reconciliation 2	93
Warrant Derivative Liability Schedule Of Derivative Liabilities Fair Value Reconciliation 3	0
Warrant Derivative Liability Schedule Of Derivative Liabilities Fair Value Reconciliation 4	-42
Warrant Derivative Liability Schedule Of Derivative Liabilities Fair Value Reconciliation 5	0
Warrant Derivative Liability Schedule Of Derivative Liabilities Fair Value Reconciliation 6	-30
Warrant Derivative Liability Schedule Of Derivative Liabilities Fair Value Reconciliation 7	0
Warrant Derivative Liability Schedule Of Derivative Liabilities Fair Value Reconciliation 8	$21

Schedule_of_Stock_Options_Outs

Schedule of Stock Options Outstanding (Details) (USD $)	3 Months Ended
Schedule of Stock Options Outstanding (Details) (USD $)	Mar. 31, 2014
Share Capital Schedule Of Stock Options Outstanding 1	$10,000
Share Capital Schedule Of Stock Options Outstanding 2	10,000
Share Capital Schedule Of Stock Options Outstanding 3	4.18
Share Capital Schedule Of Stock Options Outstanding 4	8,000
Share Capital Schedule Of Stock Options Outstanding 5	8,000
Share Capital Schedule Of Stock Options Outstanding 6	0.45
Share Capital Schedule Of Stock Options Outstanding 7	6,000
Share Capital Schedule Of Stock Options Outstanding 8	6,000
Share Capital Schedule Of Stock Options Outstanding 9	2.15
Share Capital Schedule Of Stock Options Outstanding 10	28,000
Share Capital Schedule Of Stock Options Outstanding 11	28,000
Share Capital Schedule Of Stock Options Outstanding 12	2.16
Share Capital Schedule Of Stock Options Outstanding 13	23,000
Share Capital Schedule Of Stock Options Outstanding 14	23,000
Share Capital Schedule Of Stock Options Outstanding 15	4.18
Share Capital Schedule Of Stock Options Outstanding 16	18,500
Share Capital Schedule Of Stock Options Outstanding 17	18,500
Share Capital Schedule Of Stock Options Outstanding 18	4.98
Share Capital Schedule Of Stock Options Outstanding 19	10,000
Share Capital Schedule Of Stock Options Outstanding 20	10,000
Share Capital Schedule Of Stock Options Outstanding 21	4.17
Share Capital Schedule Of Stock Options Outstanding 22	6,000
Share Capital Schedule Of Stock Options Outstanding 23	6,000
Share Capital Schedule Of Stock Options Outstanding 24	2.15
Share Capital Schedule Of Stock Options Outstanding 25	26,000
Share Capital Schedule Of Stock Options Outstanding 26	26,000
Share Capital Schedule Of Stock Options Outstanding 27	4.98
Share Capital Schedule Of Stock Options Outstanding 28	30,000
Share Capital Schedule Of Stock Options Outstanding 29	30,000
Share Capital Schedule Of Stock Options Outstanding 30	4.18
Share Capital Schedule Of Stock Options Outstanding 31	31,000
Share Capital Schedule Of Stock Options Outstanding 32	31,000
Share Capital Schedule Of Stock Options Outstanding 33	2.16
Share Capital Schedule Of Stock Options Outstanding 34	2,000
Share Capital Schedule Of Stock Options Outstanding 35	2,000
Share Capital Schedule Of Stock Options Outstanding 36	2.15
Share Capital Schedule Of Stock Options Outstanding 37	4,000
Share Capital Schedule Of Stock Options Outstanding 38	4,000
Share Capital Schedule Of Stock Options Outstanding 39	4.98
Share Capital Schedule Of Stock Options Outstanding 40	5,000
Share Capital Schedule Of Stock Options Outstanding 41	5,000
Share Capital Schedule Of Stock Options Outstanding 42	4.18
Share Capital Schedule Of Stock Options Outstanding 43	5,000
Share Capital Schedule Of Stock Options Outstanding 44	5,000
Share Capital Schedule Of Stock Options Outstanding 45	2.16
Share Capital Schedule Of Stock Options Outstanding 46	110,000
Share Capital Schedule Of Stock Options Outstanding 47	110,000
Share Capital Schedule Of Stock Options Outstanding 48	0.45
Share Capital Schedule Of Stock Options Outstanding 49	10,000
Share Capital Schedule Of Stock Options Outstanding 50	10,000
Share Capital Schedule Of Stock Options Outstanding 51	1.05
Share Capital Schedule Of Stock Options Outstanding 52	16,500
Share Capital Schedule Of Stock Options Outstanding 53	16,500
Share Capital Schedule Of Stock Options Outstanding 54	4.98
Share Capital Schedule Of Stock Options Outstanding 55	17,000
Share Capital Schedule Of Stock Options Outstanding 56	17,000
Share Capital Schedule Of Stock Options Outstanding 57	4.18
Share Capital Schedule Of Stock Options Outstanding 58	6,000
Share Capital Schedule Of Stock Options Outstanding 59	6,000
Share Capital Schedule Of Stock Options Outstanding 60	2.15
Share Capital Schedule Of Stock Options Outstanding 61	17,500
Share Capital Schedule Of Stock Options Outstanding 62	17,500
Share Capital Schedule Of Stock Options Outstanding 63	2.16
Share Capital Schedule Of Stock Options Outstanding 64	5,000
Share Capital Schedule Of Stock Options Outstanding 65	5,000
Share Capital Schedule Of Stock Options Outstanding 66	1.05
Share Capital Schedule Of Stock Options Outstanding 67	30,000
Share Capital Schedule Of Stock Options Outstanding 68	30,000
Share Capital Schedule Of Stock Options Outstanding 69	1.65
Share Capital Schedule Of Stock Options Outstanding 70	183,000
Share Capital Schedule Of Stock Options Outstanding 71	183,000
Share Capital Schedule Of Stock Options Outstanding 72	2.15
Share Capital Schedule Of Stock Options Outstanding 73	10,000
Share Capital Schedule Of Stock Options Outstanding 74	10,000
Share Capital Schedule Of Stock Options Outstanding 75	1.17
Share Capital Schedule Of Stock Options Outstanding 76	20,000
Share Capital Schedule Of Stock Options Outstanding 77	20,000
Share Capital Schedule Of Stock Options Outstanding 78	2.5
Share Capital Schedule Of Stock Options Outstanding 79	484,000
Share Capital Schedule Of Stock Options Outstanding 80	484,000
Share Capital Schedule Of Stock Options Outstanding 81	4.98
Share Capital Schedule Of Stock Options Outstanding 82	2,500
Share Capital Schedule Of Stock Options Outstanding 83	2,500
Share Capital Schedule Of Stock Options Outstanding 84	5.93
Share Capital Schedule Of Stock Options Outstanding 85	20,000
Share Capital Schedule Of Stock Options Outstanding 86	20,000
Share Capital Schedule Of Stock Options Outstanding 87	1.17
Share Capital Schedule Of Stock Options Outstanding 88	60,000
Share Capital Schedule Of Stock Options Outstanding 89	60,000
Share Capital Schedule Of Stock Options Outstanding 90	0.79
Share Capital Schedule Of Stock Options Outstanding 91	614,500
Share Capital Schedule Of Stock Options Outstanding 92	614,500
Share Capital Schedule Of Stock Options Outstanding 93	4.18
Share Capital Schedule Of Stock Options Outstanding 94	20,000
Share Capital Schedule Of Stock Options Outstanding 95	20,000
Share Capital Schedule Of Stock Options Outstanding 96	3.77
Share Capital Schedule Of Stock Options Outstanding 97	634,000
Share Capital Schedule Of Stock Options Outstanding 98	634,000
Share Capital Schedule Of Stock Options Outstanding 99	2.16
Share Capital Schedule Of Stock Options Outstanding 100	1,015,000
Share Capital Schedule Of Stock Options Outstanding 101	1,015,000
Share Capital Schedule Of Stock Options Outstanding 102	0.79
Share Capital Schedule Of Stock Options Outstanding 103	3,487,500
Share Capital Schedule Of Stock Options Outstanding 104	3,487,500
Share Capital Schedule Of Stock Options Outstanding 105	$2.53

Schedule_of_Stock_Purchase_War

Schedule of Stock Purchase Warrants Outstanding (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
Share Capital Schedule Of Stock Purchase Warrants Outstanding 1	$1,153,844
Share Capital Schedule Of Stock Purchase Warrants Outstanding 2	1
Share Capital Schedule Of Stock Purchase Warrants Outstanding 3	1,095,705
Share Capital Schedule Of Stock Purchase Warrants Outstanding 4	1
Share Capital Schedule Of Stock Purchase Warrants Outstanding 5	$2,249,549

Schedule_of_Change_in_Reclamat

Schedule of Change in Reclamation Liability (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
Commitments And Contingencies Schedule Of Change In Reclamation Liability 1	$4,613
Commitments And Contingencies Schedule Of Change In Reclamation Liability 2	5,597
Commitments And Contingencies Schedule Of Change In Reclamation Liability 3	95
Commitments And Contingencies Schedule Of Change In Reclamation Liability 4	119
Commitments And Contingencies Schedule Of Change In Reclamation Liability 5	4,708
Commitments And Contingencies Schedule Of Change In Reclamation Liability 6	$5,716

Schedule_of_Fair_Value_by_Bala

Schedule of Fair Value, by Balance Sheet Grouping (Details) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 1	$9,024	'
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 2	9,024	'
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 3	0	'
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 4	0	'
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 1	'	7,951
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 2	'	7,951
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 3	'	0
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 4	'	0
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 5	'	600
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 6	'	600
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 7	'	0
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 8	'	$0

Schedule_of_Income_Tax_Expense

Schedule of Income Tax Expense (Details) (USD $)	3 Months Ended
Schedule of Income Tax Expense (Details) (USD $)	Mar. 31, 2014
Income Taxes Schedule Of Income Tax Expense 1	$0
Income Taxes Schedule Of Income Tax Expense 2	0
Income Taxes Schedule Of Income Tax Expense 3	0
Income Taxes Schedule Of Income Tax Expense 4	-2,303
Income Taxes Schedule Of Income Tax Expense 5	0
Income Taxes Schedule Of Income Tax Expense 6	-2,303
Income Taxes Schedule Of Income Tax Expense 7	0
Income Taxes Schedule Of Income Tax Expense 8	0
Income Taxes Schedule Of Income Tax Expense 9	0
Income Taxes Schedule Of Income Tax Expense 10	-270
Income Taxes Schedule Of Income Tax Expense 11	0
Income Taxes Schedule Of Income Tax Expense 12	($2,573)

Schedule_of_Comprehensive_Inco

Schedule of Comprehensive Income (Loss) (Details) (USD $)	3 Months Ended
Schedule of Comprehensive Income (Loss) (Details) (USD $)	Mar. 31, 2014
Comprehensive Income Schedule Of Comprehensive Income (loss) 1	$0
Comprehensive Income Schedule Of Comprehensive Income (loss) 2	-108
Comprehensive Income Schedule Of Comprehensive Income (loss) 3	38
Comprehensive Income Schedule Of Comprehensive Income (loss) 4	0
Comprehensive Income Schedule Of Comprehensive Income (loss) 5	-70
Comprehensive Income Schedule Of Comprehensive Income (loss) 6	70
Comprehensive Income Schedule Of Comprehensive Income (loss) 7	262
Comprehensive Income Schedule Of Comprehensive Income (loss) 8	-25
Comprehensive Income Schedule Of Comprehensive Income (loss) 9	-91
Comprehensive Income Schedule Of Comprehensive Income (loss) 10	45
Comprehensive Income Schedule Of Comprehensive Income (loss) 11	$101

Schedule_of_Earnings_Per_Share

Schedule of Earnings Per Share, Basic and Diluted (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 1	($834)
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 2	-4,119
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 3	0
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 4	0
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 5	-834
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 6	-4,119
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 7	34,641,717
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 8	34,580,243
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 9	0
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 10	0
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 11	34,641,717
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 12	$34,580,243
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 13	-0.02
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 14	-0.12
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 15	-0.02
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 16	-0.12