Revett Mining 10-Q 11 Aug 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Aug. 08, 2014
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Jun-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	'	39,148,989
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Well Known Seasoned Issuer	'No	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current Assets	'	'
Cash and cash equivalents	$6,060	$7,951
Concentrate settlement and other receivables	4	1,164
Inventories	4,215	4,133
Prepaid expenses and deposits	486	414
Total current assets	10,765	13,662
Property, plant, and equipment (net)	68,794	65,108
Restricted cash	6,547	6,542
Available for sale securities	0	600
Other long term assets	735	736
Total assets	86,841	86,648
Current liabilities	'	'
Trade accounts payable	1,000	954
Payroll liabilities	646	604
Income, property and mining taxes	144	588
Other accrued payable	57	19
Current portion of capital lease obligations and note payable	401	925
Total current liabilities	2,248	3,090
Long term portion of capital lease obligations and note payable	0	364
Reclamation and remediation liability	4,805	4,613
Deferred income taxes	0	25
Total liabilities	7,053	8,092
Commitments and contingencies	0	0
Shareholders' equity	'	'
Preferred stock, $0.01 par value, 25,000,000 authorized, no shares issued and outstanding	0	0
Common stock, $0.01 par value 100,000,000 authorized, 39,148,989 and 34,596,387 shares issued and outstanding at June 30, 2014 and December 31, 2013.	391	88,495
Additional paid in capital	91,850	0
Accumulated other comprehensive gain, net of tax	0	45
Retained earnings (deficit)	-12,453	-9,984
Total equity	79,788	78,556
Total liabilities and shareholders' equity	$86,841	$86,648

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Jun. 30, 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	39,148,989	34,596,387
Common Stock, Shares, Outstanding	39,148,989	34,596,387

Consolidated_Statements_of_Ope

Consolidated Statements of Operations and Comprehensive Income (Loss) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenues	$0	$0	$6	$216
Expenses:	'	'	'	'
Cost of sales	0	0	0	0
Troy Mine suspension related costs	642	3,919	1,663	8,339
Depreciation and depletion	5	8	11	16
Exploration and development	196	322	432	639
General & administrative:	'	'	'	'
Stock based compensation	26	142	394	333
Other	665	784	1,509	1,801
Accretion of reclamation and remediation liability	96	119	191	238
Total Expenses	1,630	5,294	4,200	11,366
Income (loss) from operations	-1,630	-5,294	-4,194	-11,150
Other income (expenses):	'	'	'	'
Interest expense	-2	-60	11	-672
Interest and other income	-3	15	1,285	11
Gain (loss) on available for sale securities	0	-1,114	429	-1,376
Gain on warrant derivative	0	21	0	63
Total other income (expenses)	-5	-1,138	1,725	-1,974
Income (loss) before income taxes	-1,635	-6,432	-2,469	-13,124
Income tax benefit (expense):	'	'	'	'
Current income tax benefit (expense)	0	0	0	0
Deferred income benefit (expense)	0	2,377	0	4,950
Net income (loss)	-1,635	-4,055	-2,469	-8,174
Other comprehensive income (loss)	0	437	45	538
Comprehensive income (loss)	-1,635	-3,618	-2,424	-7,636
Net income (loss) for basic earnings per share	-1,635	-4,055	-2,469	-8,174
Net income (loss) for diluted earnings per share	($1,635)	($4,055)	($2,469)	($8,174)
Basic earnings (loss) per share	($0.04)	($0.12)	($0.07)	($0.24)
Diluted earnings (loss) per share	($0.04)	($0.12)	($0.07)	($0.24)
Weighted average number of shares outstanding	39,138,758	34,596,387	36,946,491	34,587,785
Weighted average number of diluted shares outstanding	39,138,758	34,596,387	36,946,491	34,587,785

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:	'	'
Net income (loss) for the period	($2,469)	($8,174)
Adjustment to reconcile net income (loss) to net cash provided by operating activities:	'	'
Depreciation and amortization	11	16
Deferred financing fee amortization	0	556
Accretion of reclamation and remediation liability	191	238
Loss on impairment of available for sale securities	0	969
Stock based compensation	394	333
Loss (gain)on disposal of fixed assets	0	-22
Accrued interest from reclamation trust fund	-5	-6
Gain on insurance recovery for damage equipment	-785	0
Gain on warrant derivative	0	-63
Deferred income tax	0	-4,950
Loss (gain) on sale of securities	-429	407
Changes in:	'	'
Concentrate settlement and other receivable	63	357
Inventories	-83	33
Prepaid expenses and other assets	-72	10
Accounts payable and accrued liabilities	-316	-2,697
Net cash provided (used) by operating activities	-3,500	-12,993
Cash flows from investing activities:	'	'
Purchase of plant and equipment	-3,696	-222
Proceeds from the sale of short term investments	0	2,610
Proceeds from insurance recovery	1,882	0
Proceeds from the sale of fixed assets	0	35
Proceeds from sale of available for sale securities	959	352
Purchase of short term investments	0	0
Net cash provided (used) in investing activities	-855	2,775
Cash flows from financing activities:	'	'
Proceeds from the sale of shares and exercise of options, net	3,352	120
Repayment of capital leases and note payable	-888	-496
Net cash provided (used) by financing activities	2,464	-376
Net increase (decrease) in cash and cash equivalents	-1,891	-10,594
Cash and cash equivalents, beginning of period	7,951	18,986
Cash and cash equivalents, end of period	$6,060	$8,392

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 (Deficit) [Member]	Total
In Thousands, except Share data
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	'	15	'	'	15
Issue of shares for exercise of options (Shares)	33,500	'	'	'	'
Issue of shares	45	3,292	'	'	3,337
Issue of shares (Shares)	4,499,100	'	'	'	'
Issue of shares for compensation	'	16	'	'	16
Issue of shares for compensation (Shares)	20,000	'	'	'	'
Unrealized gain on marketable securities, net of tax	'	'	-45	'	-45
Stock-based compensation on options granted	'	378	'	'	378
Net income for the year	'	'	'	-2,469	-2,469
Ending Balance at Jun. 30, 2014	$391	$91,850	'	($12,453)	$79,788
Ending Balance (Shares) at Jun. 30, 2014	39,148,989	'	'	'	'

Basis_of_Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 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 Company” or the “Company”) as of June 30, 2014, and the results of its operations and its cash flows for the three and six month periods ended June 30, 2014 and 2013. The operating and financial results for Revett Mining Company for the three and six months ended June 30, 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, Inc.) 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 Lincoln County 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 underground 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 service adit to the North C Beds, giving access to the A and C Beds, and then continue to the undeveloped I Bed mining areas.
	The Rock Creek project is located in Sanders County in northwestern Montana, approximately sixteen air miles southeast of the Troy Mine. Our proposed development of Rock Creek will occur in two phases. The first phase entails a two year evaluation program to reconfirm geotechnical assumptions and better define the economic and technical viability of the project. The second phase will encompass underground mine and surface mill and ancillary facilities construction. 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.

Changes_affecting_consolidated

Changes affecting consolidated financial statements and Future accounting changes	6 Months Ended
	Jun. 30, 2014
Changes affecting consolidated financial statements and Future accounting changes [Text Block]	'
	2. Changes affecting consolidated financial statements and future accounting changes:
	Accounting principles:
	In May 2014, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (ASU 2014-09), which supersedes nearly all existing revenue recognition guidance under U.S. GAAP. The core principle of ASU 2014-09 is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration to which an entity expects to be entitled for those goods or services. ASU 2014-09 defines a five step process to achieve this core principle and, in doing so, more judgment and estimates may be required within the revenue recognition process than are required under existing U.S. GAAP.
	The standard is effective for annual periods beginning after December 15, 2016, and interim periods therein, using either of the following transition methods: (i) a full retrospective approach reflecting the application of the standard in each prior reporting period with the option to elect certain practical expedients, or (ii) a retrospective approach with the cumulative effect of initially adopting ASU 2014-09 recognized at the date of adoption (which includes additional footnote disclosures). We are currently evaluating the impact of our pending adoption of ASU 2014-09 on our consolidated financial statements and have not yet determined the method by which we will adopt the standard in 2017.

Inventory

Inventory	6 Months Ended
	Jun. 30, 2014
Inventory [Text Block]	'
	3. Inventory
	The major components of the Company’s inventory accounts are as follows:
			30-Jun-14		31-Dec-13
	Concentrate inventory	$	524	$	530
	Material and supplies		3,691		3,603
		$	4,215	$	4,133

Property_Plant_and_Equipment

Property, Plant and Equipment	6 Months Ended
	Jun. 30, 2014
Property, Plant and Equipment [Text Block]	'
	4. Property, Plant and Equipment
	The major components of the Company’s mineral property, plant, and equipment accounts are as follows:
				30-Jun-14			31-Dec-13
		Troy:
		Property acquisition and development costs	$	18,322		$	18,322
		Plant and equipment		14,009			13,931
		Construction in progress		4,413			808
		Buildings and structures		5,613			5,613
				42,357			38,674
		Rock Creek:
		Property acquisition costs		34,976			34,976
		Other, corporate		4,330			4,330
		Other, mineral properties		118			118
				81,781			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		(164	)		(167	)
				(12,987	)		(12,990	)
			$	68,794		$	65,108
	The net book value of assets under capital leases at June 30, 2014 and December 31, 2013 was $1.6 million and $2.1 million, respectively.
	Included in other corporate assets is Revett Holdings Inc., a wholly owned subsidiary of Revett Silver Company, which owns mitigation lands with a carrying value of $3.6 million. This land and other land not essential to our mining operations are designated as grizzly bear habitat mitigation land. The property costs for Rock Creek will be amortized when the property is placed into production, or written off if it is determined that Rock Creek cannot be developed.

Available_for_sale_securities

Available for sale securities	6 Months Ended
	Jun. 30, 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 December 31, 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.

Longterm_debt

Long-term debt	6 Months Ended
	Jun. 30, 2014
Long-term debt [Text Block]	'
	6. Long-term debt
	(a) Capital leases and note payable :
	At June 30, 2014 and December 31, 2013, the balance of the Company’s note payable and capital lease obligations were as follows:
			June 30,			Dec. 31,
			2014			2013
	Capital leases and note payable	$	401		$	1,289
	Less current portion		(401	)		(925	)
	Long-term portion	$	-		$	364
	The Company has a number of capital leases for mining equipment for use at Troy. Minimum capital lease repayments for the next twelve months are $403, of which $2 is interest at rates ranging from 1.6% to 4.1% .
	(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 six months ended June 30, 2014. There is no assurance that this credit facility will be renewed.

Share_Capital

Share Capital	6 Months Ended
	Jun. 30, 2014
Share Capital [Text Block]	'
	7. 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 six months ended June 30, 2014, the Company issued 33,500 common shares on exercise of stock options for cash proceeds of $15 thousand, issued 4,499,100 common shares on sale of common shares through a private placement for cash proceeds of $3.3 million and issued 20,000 common shares for compensation with a fair value of $16 thousand.
	During the six months ended June 30, 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 June 30, 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 1,045,000 stock options granted to employees during the six months ended June 30, 2014 with an exercise price of $0.77 to $0.79, expiring in 2019. The Company used the Black-Scholes option pricing model with a risk-free interest rate of 0.58% - 0.67%, volatility of 69.22% - 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 six months ended June 30, 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 June 30, 2014 and 2013, there was $0 and $0.3 million, respectively, of unrecognized compensation costs relating to unvested stock options.
	During the six months ended June 30, 2014, 281,500 options were cancelled or expired and 33,500 options were exercised. As of June 30, 2014 and 2013, the intrinsic value of options outstanding and exercisable was $0.3 million and $0.03 million, respectively.
	Total stock-based compensation recognized during the three and six months ended June 30, 2014 was $0.02 million and $0.4 million, respectively (2013 - $0.1 million and $0.3 million, respectively). During the three and six months ended June 30, 2014, a total of $0.2 million and $0.02 million, respectively (2013 - $0.1 million and $0.3 million, respectively) stock option compensation was attributable to the Troy Mine employees and is included in the amounts reported in general and administrative expense.
	As of June 30, 2014, the following stock options were outstanding:
	Options	Options	Exercise	Expiration
	Granted	Exercisable	Price	Date
	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
	479,500	479,500	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
	609,500	609,500	4.18	1-Apr-17
	20,000	20,000	3.77	3-May-17
	624,000	624,000	2.16	21-Mar-18
	1,007,500	1,007,500	0.79	29-Mar-19
	30,000	30,000	0.77	29-May-19
	3,294,000	3,294,000	$2.46
	(d) Stock Purchase Warrants
	The following stock purchase warrants were outstanding at June 30, 2014 for the purchase of common shares of Revett Mining Company, Inc.:
	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 six months ended June 30, 2014, 2,249,549 new warrants were issued and there were no warrants exercised. During the six months ended June 30, 2013, 55,000 warrants were exercised and no warrants were issued.

Commitments_and_Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2014
Commitments and Contingencies [Text Block]	'
	8. Commitments and Contingencies
	a) Reclamation
	The following table shows the changes in the reclamation liability for the periods indicated.
			Six months ended		Six months ended
			30-Jun-14		30-Jun-13
	Reclamation and remediation liability beginning of period	$	4,613	$	5,598
	Accretion expense, year to date		192		238
	Ending balance	$	4,805	$	5,836
	b) Rock Creek Development
	The Rock Creek project 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 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 all environmental and operating permits, it is possible that successful challenges to the project could delay or prevent the Company from developing Rock Creek which could result in the impairment and write-down of the carrying value related to the Rock Creek property.

Derivative_instruments

Derivative instruments	6 Months Ended
	Jun. 30, 2014
Derivative instruments [Text Block]	'
	9. Derivative instruments
	Concentrate Sales Contracts
	The Company enters into concentrate sales contracts with buyers. 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 June 30, 2014, the Company did not have any fixed forward contracts to sell silver or copper.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2014
Fair Value of Financial Instruments [Text Block]	'
	10. 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 value of concentrate settlement payable or receivable are marked to market each month using quoted forward prices as at the last trading day of each month, and accordingly are recognized at fair value. 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 June 30, 2014
			Total		Level 1		Level 2		Level 3
	Cash and cash equivalents	$	6,060	$	6,060	$	-	$	-
			Fair value at December 31, 2013
			Total		Level 1		Level 2		Level 3
	Cash and cash equivalents	$	7,951	$	7,951	$	-	$	-
	Available for sale securities		600		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.
	The Company’s concentrate receivable embedded derivative, which includes provisionally priced sales, are valued using pricing models and the Company generally uses similar models to value similar instruments. Where possible, the Company verifies the values produced by its pricing models to market prices. Valuation models require a variety of inputs, including contractual terms, market prices, and correlations of such inputs. Such instruments are typically classified within Level 2 of the fair value hierarchy. There were no such amounts existing at June 30, 2014 or December 31, 2013.

Income_Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2014
Income Taxes [Text Block]	'
	11. Income Taxes
	For the three and six month periods ended June 30, 2014, the Company did not report an income tax provision or benefit compared to an income tax benefit of approximately $2.4 million and $4.9 million for the three and six month periods ended June 30, 2013, respectively. The following table summarizes the components of the Company’s income tax provision (benefit) for the three and six months ended June 30, 2014 and 2013:
				Three months		Three month			Six months		Six months
				ended		ended			ended		ended
				30-Jun-14		30-Jun-13			30-Jun-14		30-Jun-13
		Federal:
		Current	$	-	$	-		$	-	$	-
		Deferred		-		(2,128	)		-		(4,432	)
		Total		-		(2,128	)		-		(4,432	)
		State:
		Current		-		-			-		-
		Deferred		-		(249	)		-		(518	)
		Total	$	-	$	(2,377	)	$	-	$	(4,950	)
	As of June 30, 2014 management of the Company used the guidelines contained in ASC 740 and evaluated the positive and negative evidence available to determine whether a valuation allowance against the deferred tax assets should be established. Management has determined that the Company’s negative evidence of a cumulative loss position after significant permanent differences and the lack of future taxable income based on current conditions regarding the Troy Mine outweighed the positive evidence. Management believes that it is more likely than not the deferred tax assets will not be recovered. Therefore a valuation allowance equal to 100% of the deferred tax assets has been recorded.
	The income tax provision (benefit) for the three and six months ended June 30, 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 $44.0 million that expires at various dates between 2019 and 2034. Montana state net operating losses of $34.0 million expire at various dates between 2014 and 2021. 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. Therefore, the Company’s deferred tax asset and valuation allowance has been reduced by approximately $2.8 million.

Earnings_Per_Common_Share

Earnings Per Common Share	6 Months Ended
	Jun. 30, 2014
Earnings Per Common Share [Text Block]	'
	12. Earnings Per Common Share
	For the three and six months ended June 30, 2014 and 2013, options and warrants to purchase 5,543,549 and 4,470,938 shares, respectively, of the Company’s common stock were excluded from the computation of diluted earnings per share because they were anti-dilutive.

Comprehensive_income

Comprehensive income	6 Months Ended
	Jun. 30, 2014
Comprehensive income [Text Block]	'
	13. Comprehensive income
	The components of other comprehensive income are as follows:
				Three		Three			Six			Six
				months		months			months			months
				ended		ended			ended			ended
				June		June			June			June
				30,		30,			30,			30,
				2014		2013			2014			2013
		Unrealized loss on available for sale securities before tax	$	-	$	(442	)	$	-		$	(550	)
		Deferred tax effect		-		156			-			194
		Unrealized loss on available for sale securities, net of tax		-		(286	)		-			(356	)
		Reclassification of loss on securities included in net income (loss)		-		1,114			70			1,376
		Related deferred tax effect		-		(391	)		(25	)		(482	)
			$	-	$	437		$	45		$	538

Inventory_Tables

Inventory (Tables)	6 Months Ended
	Jun. 30, 2014
Schedule of Inventory [Table Text Block]	'
			30-Jun-14		31-Dec-13
	Concentrate inventory	$	524	$	530
	Material and supplies		3,691		3,603
		$	4,215	$	4,133

Property_Plant_and_Equipment_T

Property, Plant and Equipment (Tables)	6 Months Ended
	Jun. 30, 2014
Schedule of Mineral Property, Plant and Equipment [Table Text Block]	'
				30-Jun-14			31-Dec-13
		Troy:
		Property acquisition and development costs	$	18,322		$	18,322
		Plant and equipment		14,009			13,931
		Construction in progress		4,413			808
		Buildings and structures		5,613			5,613
				42,357			38,674
		Rock Creek:
		Property acquisition costs		34,976			34,976
		Other, corporate		4,330			4,330
		Other, mineral properties		118			118
				81,781			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		(164	)		(167	)
				(12,987	)		(12,990	)
			$	68,794		$	65,108

Available_for_sale_securities_

Available for sale securities (Tables)	6 Months Ended
	Jun. 30, 2014
Schedule of Available-for-sale Securities [Table Text Block]	'
	Cost	$	1,499
	Other than temporary impairment charge		(969	)
	Unrealized gain		70
	Fair value	$	600

Longterm_debt_Tables

Long-term debt (Tables)	6 Months Ended
	Jun. 30, 2014
Schedule of Long-term Debt and Capital Lease Obligations [Table Text Block]	'
			June 30,			Dec. 31,
			2014			2013
	Capital leases and note payable	$	401		$	1,289
	Less current portion		(401	)		(925	)
	Long-term portion	$	-		$	364

Share_Capital_Tables

Share Capital (Tables)	6 Months Ended
	Jun. 30, 2014
Schedule of Stock Options Outstanding [Table Text Block]	'
	Options	Options	Exercise	Expiration
	Granted	Exercisable	Price	Date
	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
	479,500	479,500	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
	609,500	609,500	4.18	1-Apr-17
	20,000	20,000	3.77	3-May-17
	624,000	624,000	2.16	21-Mar-18
	1,007,500	1,007,500	0.79	29-Mar-19
	30,000	30,000	0.77	29-May-19
	3,294,000	3,294,000	$2.46
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)	6 Months Ended
	Jun. 30, 2014
Schedule of Change in Reclamation Liability [Table Text Block]	'
			Six months ended		Six months ended
			30-Jun-14		30-Jun-13
	Reclamation and remediation liability beginning of period	$	4,613	$	5,598
	Accretion expense, year to date		192		238
	Ending balance	$	4,805	$	5,836

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	6 Months Ended									12 Months Ended
	Jun. 30, 2014									Dec. 31, 2013
Schedule of Fair Value, by Balance Sheet Grouping [Table Text Block]	'									'
			Fair value at June 30, 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	$	6,060	$	6,060	$	-	$	-	Cash and cash equivalents	$	7,951	$	7,951	$	-	$	-
										Available for sale securities		600		600		-		-

Income_Taxes_Tables

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2014
Schedule of Income Tax Expense [Table Text Block]	'
				Three months		Three month			Six months		Six months
				ended		ended			ended		ended
				30-Jun-14		30-Jun-13			30-Jun-14		30-Jun-13
		Federal:
		Current	$	-	$	-		$	-	$	-
		Deferred		-		(2,128	)		-		(4,432	)
		Total		-		(2,128	)		-		(4,432	)
		State:
		Current		-		-			-		-
		Deferred		-		(249	)		-		(518	)
		Total	$	-	$	(2,377	)	$	-	$	(4,950	)

Comprehensive_income_Tables

Comprehensive income (Tables)	6 Months Ended
	Jun. 30, 2014
Schedule of Comprehensive Income (Loss) [Table Text Block]	'
				Three		Three			Six			Six
				months		months			months			months
				ended		ended			ended			ended
				June		June			June			June
				30,		30,			30,			30,
				2014		2013			2014			2013
		Unrealized loss on available for sale securities before tax	$	-	$	(442	)	$	-		$	(550	)
		Deferred tax effect		-		156			-			194
		Unrealized loss on available for sale securities, net of tax		-		(286	)		-			(356	)
		Reclassification of loss on securities included in net income (loss)		-		1,114			70			1,376
		Related deferred tax effect		-		(391	)		(25	)		(482	)
			$	-	$	437		$	45		$	538

Property_Plant_and_Equipment_N

Property, Plant and Equipment (Narrative) (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Property, Plant And Equipment 1	$1,600,000
Property, Plant And Equipment 2	2,100,000
Property, Plant And Equipment 3	$3,600,000

Available_for_sale_securities_1

Available for sale securities (Narrative) (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Available For Sale Securities 1	$1,000,000
Available For Sale Securities 2	$400,000

Longterm_debt_Narrative_Detail

Long-term debt (Narrative) (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Long-term Debt 1	$403
Long-term Debt 2	2
Long-term Debt 3	1.60%
Long-term Debt 4	4.10%
Long-term Debt 5	$600,000

Share_Capital_Narrative_Detail

Share Capital (Narrative) (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
	M
Share Capital 1	$0.01
Share Capital 2	0.01
Share Capital 3	100,000,000
Share Capital 4	33,500
Share Capital 5	15,000
Share Capital 6	4,499,100
Share Capital 7	3,300,000
Share Capital 8	20,000
Share Capital 9	16,000
Share Capital 10	49,000
Share Capital 11	55,000
Share Capital 12	120,000
Share Capital 13	25,000,000
Share Capital 14	0.01
Share Capital 15	6,500,000
Share Capital 16	1,045,000
Share Capital 17	0.77
Share Capital 18	0.79
Share Capital 19	0.58%
Share Capital 20	0.67%
Share Capital 21	69.22%
Share Capital 22	71.87%
Share Capital 23	30
Share Capital 24	0.344
Share Capital 25	400,000
Share Capital 26	100.00%
Share Capital 27	60,000
Share Capital 28	0.79
Share Capital 29	0.29%
Share Capital 30	87.45%
Share Capital 31	18
Share Capital 32	0.32
Share Capital 33	2,000
Share Capital 34	100.00%
Share Capital 35	1,094,500
Share Capital 36	2.16
Share Capital 37	0.33%
Share Capital 38	52.16%
Share Capital 39	30
Share Capital 40	0.69
Share Capital 41	800,000
Share Capital 42	25.00%
Share Capital 43	0
Share Capital 44	300,000
Share Capital 45	281,500
Share Capital 46	33,500
Share Capital 47	300,000
Share Capital 48	30,000
Share Capital 49	20,000
Share Capital 50	400,000
Share Capital 51	100,000
Share Capital 52	300,000
Share Capital 53	200,000
Share Capital 54	20,000
Share Capital 55	100,000
Share Capital 56	$300,000
Share Capital 57	2,249,549
Share Capital 58	55,000

Commitments_and_Contingencies_1

Commitments and Contingencies (Narrative) (Details) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 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	1,809
Commitments And Contingencies 6	7,000
Commitments And Contingencies 7	$25
Commitments And Contingencies 8	$30
Commitments And Contingencies 9	10,000
Commitments And Contingencies 10	1
Commitments And Contingencies 11	673

Income_Taxes_Narrative_Details

Income Taxes (Narrative) (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Income Taxes 1	$2,400,000
Income Taxes 2	4,900,000
Income Taxes 3	100.00%
Income Taxes 4	44,000,000
Income Taxes 5	34,000,000
Income Taxes 6	1,500,000
Income Taxes 7	10,700,000
Income Taxes 8	$2,800,000

Earnings_Per_Common_Share_Narr

Earnings Per Common Share (Narrative) (Details)	6 Months Ended
	Jun. 30, 2014
Earnings Per Common Share 1	5,543,549
Earnings Per Common Share 2	4,470,938

Schedule_of_Inventory_Details

Schedule of Inventory (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Inventory Schedule Of Inventory 1	$524
Inventory Schedule Of Inventory 2	530
Inventory Schedule Of Inventory 3	3,691
Inventory Schedule Of Inventory 4	3,603
Inventory Schedule Of Inventory 5	4,215
Inventory Schedule Of Inventory 6	$4,133

Schedule_of_Mineral_Property_P

Schedule of Mineral Property, Plant and Equipment (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Property, Plant And Equipment Schedule Of Mineral Property, Plant And Equipment 1	$18,322
Property, Plant And Equipment Schedule Of Mineral Property, Plant And Equipment 2	18,322
Property, Plant And Equipment Schedule Of Mineral Property, Plant And Equipment 3	14,009
Property, Plant And Equipment Schedule Of Mineral Property, Plant And Equipment 4	13,931
Property, Plant And Equipment Schedule Of Mineral Property, Plant And Equipment 5	4,413
Property, Plant And Equipment Schedule Of Mineral Property, Plant And Equipment 6	808
Property, Plant And Equipment Schedule Of Mineral Property, Plant And Equipment 7	5,613
Property, Plant And Equipment Schedule Of Mineral Property, Plant And Equipment 8	5,613
Property, Plant And Equipment Schedule Of Mineral Property, Plant And Equipment 9	42,357
Property, Plant And Equipment Schedule Of Mineral Property, Plant And Equipment 10	38,674
Property, Plant And Equipment Schedule Of Mineral Property, Plant And Equipment 11	34,976
Property, Plant And Equipment Schedule Of Mineral Property, Plant And Equipment 12	34,976
Property, Plant And Equipment Schedule Of Mineral Property, Plant And Equipment 13	4,330
Property, Plant And Equipment Schedule Of Mineral Property, Plant And Equipment 14	4,330
Property, Plant And Equipment Schedule Of Mineral Property, Plant And Equipment 15	118
Property, Plant And Equipment Schedule Of Mineral Property, Plant And Equipment 16	118
Property, Plant And Equipment Schedule Of Mineral Property, Plant And Equipment 17	81,781
Property, Plant And Equipment Schedule Of Mineral Property, Plant And Equipment 18	78,098
Property, Plant And Equipment Schedule Of Mineral Property, Plant And Equipment 19	-7,332
Property, Plant And Equipment Schedule Of Mineral Property, Plant And Equipment 20	-7,332
Property, Plant And Equipment Schedule Of Mineral Property, Plant And Equipment 21	-3,861
Property, Plant And Equipment Schedule Of Mineral Property, Plant And Equipment 22	-3,861
Property, Plant And Equipment Schedule Of Mineral Property, Plant And Equipment 23	-1,630
Property, Plant And Equipment Schedule Of Mineral Property, Plant And Equipment 24	-1,630
Property, Plant And Equipment Schedule Of Mineral Property, Plant And Equipment 25	-12,823
Property, Plant And Equipment Schedule Of Mineral Property, Plant And Equipment 26	-12,823
Property, Plant And Equipment Schedule Of Mineral Property, Plant And Equipment 27	-164
Property, Plant And Equipment Schedule Of Mineral Property, Plant And Equipment 28	-167
Property, Plant And Equipment Schedule Of Mineral Property, Plant And Equipment 29	-12,987
Property, Plant And Equipment Schedule Of Mineral Property, Plant And Equipment 30	-12,990
Property, Plant And Equipment Schedule Of Mineral Property, Plant And Equipment 31	68,794
Property, Plant And Equipment Schedule Of Mineral Property, Plant And Equipment 32	$65,108

Schedule_of_Availableforsale_S

Schedule of Available-for-sale Securities (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Available For Sale Securities Schedule Of Available-for-sale Securities 1	$1,499
Available For Sale Securities Schedule Of Available-for-sale Securities 2	-969
Available For Sale Securities Schedule Of Available-for-sale Securities 3	70
Available For Sale Securities Schedule Of Available-for-sale Securities 4	$600

Schedule_of_Longterm_Debt_and_

Schedule of Long-term Debt and Capital Lease Obligations (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Long-term Debt Schedule Of Long-term Debt And Capital Lease Obligations 1	$401
Long-term Debt Schedule Of Long-term Debt And Capital Lease Obligations 2	1,289
Long-term Debt Schedule Of Long-term Debt And Capital Lease Obligations 3	-401
Long-term Debt Schedule Of Long-term Debt And Capital Lease Obligations 4	-925
Long-term Debt Schedule Of Long-term Debt And Capital Lease Obligations 5	0
Long-term Debt Schedule Of Long-term Debt And Capital Lease Obligations 6	$364

Schedule_of_Stock_Options_Outs

Schedule of Stock Options Outstanding (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Share Capital Schedule Of Stock Options Outstanding 1	$2,000
Share Capital Schedule Of Stock Options Outstanding 2	2,000
Share Capital Schedule Of Stock Options Outstanding 3	2.15
Share Capital Schedule Of Stock Options Outstanding 4	4,000
Share Capital Schedule Of Stock Options Outstanding 5	4,000
Share Capital Schedule Of Stock Options Outstanding 6	4.98
Share Capital Schedule Of Stock Options Outstanding 7	5,000
Share Capital Schedule Of Stock Options Outstanding 8	5,000
Share Capital Schedule Of Stock Options Outstanding 9	4.18
Share Capital Schedule Of Stock Options Outstanding 10	5,000
Share Capital Schedule Of Stock Options Outstanding 11	5,000
Share Capital Schedule Of Stock Options Outstanding 12	2.16
Share Capital Schedule Of Stock Options Outstanding 13	110,000
Share Capital Schedule Of Stock Options Outstanding 14	110,000
Share Capital Schedule Of Stock Options Outstanding 15	0.45
Share Capital Schedule Of Stock Options Outstanding 16	10,000
Share Capital Schedule Of Stock Options Outstanding 17	10,000
Share Capital Schedule Of Stock Options Outstanding 18	1.05
Share Capital Schedule Of Stock Options Outstanding 19	16,500
Share Capital Schedule Of Stock Options Outstanding 20	16,500
Share Capital Schedule Of Stock Options Outstanding 21	4.98
Share Capital Schedule Of Stock Options Outstanding 22	17,000
Share Capital Schedule Of Stock Options Outstanding 23	17,000
Share Capital Schedule Of Stock Options Outstanding 24	4.18
Share Capital Schedule Of Stock Options Outstanding 25	6,000
Share Capital Schedule Of Stock Options Outstanding 26	6,000
Share Capital Schedule Of Stock Options Outstanding 27	2.15
Share Capital Schedule Of Stock Options Outstanding 28	17,500
Share Capital Schedule Of Stock Options Outstanding 29	17,500
Share Capital Schedule Of Stock Options Outstanding 30	2.16
Share Capital Schedule Of Stock Options Outstanding 31	5,000
Share Capital Schedule Of Stock Options Outstanding 32	5,000
Share Capital Schedule Of Stock Options Outstanding 33	1.05
Share Capital Schedule Of Stock Options Outstanding 34	30,000
Share Capital Schedule Of Stock Options Outstanding 35	30,000
Share Capital Schedule Of Stock Options Outstanding 36	1.65
Share Capital Schedule Of Stock Options Outstanding 37	183,000
Share Capital Schedule Of Stock Options Outstanding 38	183,000
Share Capital Schedule Of Stock Options Outstanding 39	2.15
Share Capital Schedule Of Stock Options Outstanding 40	10,000
Share Capital Schedule Of Stock Options Outstanding 41	10,000
Share Capital Schedule Of Stock Options Outstanding 42	1.17
Share Capital Schedule Of Stock Options Outstanding 43	20,000
Share Capital Schedule Of Stock Options Outstanding 44	20,000
Share Capital Schedule Of Stock Options Outstanding 45	2.5
Share Capital Schedule Of Stock Options Outstanding 46	479,500
Share Capital Schedule Of Stock Options Outstanding 47	479,500
Share Capital Schedule Of Stock Options Outstanding 48	4.98
Share Capital Schedule Of Stock Options Outstanding 49	2,500
Share Capital Schedule Of Stock Options Outstanding 50	2,500
Share Capital Schedule Of Stock Options Outstanding 51	5.93
Share Capital Schedule Of Stock Options Outstanding 52	20,000
Share Capital Schedule Of Stock Options Outstanding 53	20,000
Share Capital Schedule Of Stock Options Outstanding 54	1.17
Share Capital Schedule Of Stock Options Outstanding 55	60,000
Share Capital Schedule Of Stock Options Outstanding 56	60,000
Share Capital Schedule Of Stock Options Outstanding 57	0.79
Share Capital Schedule Of Stock Options Outstanding 58	609,500
Share Capital Schedule Of Stock Options Outstanding 59	609,500
Share Capital Schedule Of Stock Options Outstanding 60	4.18
Share Capital Schedule Of Stock Options Outstanding 61	20,000
Share Capital Schedule Of Stock Options Outstanding 62	20,000
Share Capital Schedule Of Stock Options Outstanding 63	3.77
Share Capital Schedule Of Stock Options Outstanding 64	624,000
Share Capital Schedule Of Stock Options Outstanding 65	624,000
Share Capital Schedule Of Stock Options Outstanding 66	2.16
Share Capital Schedule Of Stock Options Outstanding 67	1,007,500
Share Capital Schedule Of Stock Options Outstanding 68	1,007,500
Share Capital Schedule Of Stock Options Outstanding 69	0.79
Share Capital Schedule Of Stock Options Outstanding 70	30,000
Share Capital Schedule Of Stock Options Outstanding 71	30,000
Share Capital Schedule Of Stock Options Outstanding 72	0.77
Share Capital Schedule Of Stock Options Outstanding 73	3,294,000
Share Capital Schedule Of Stock Options Outstanding 74	3,294,000
Share Capital Schedule Of Stock Options Outstanding 75	$2.46

Schedule_of_Stock_Purchase_War

Schedule of Stock Purchase Warrants Outstanding (Details) (USD $)	6 Months Ended
	Jun. 30, 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 $)	6 Months Ended
	Jun. 30, 2014
Commitments And Contingencies Schedule Of Change In Reclamation Liability 1	$4,613
Commitments And Contingencies Schedule Of Change In Reclamation Liability 2	5,598
Commitments And Contingencies Schedule Of Change In Reclamation Liability 3	192
Commitments And Contingencies Schedule Of Change In Reclamation Liability 4	238
Commitments And Contingencies Schedule Of Change In Reclamation Liability 5	4,805
Commitments And Contingencies Schedule Of Change In Reclamation Liability 6	$5,836

Schedule_of_Fair_Value_by_Bala

Schedule of Fair Value, by Balance Sheet Grouping (Details) (USD $)	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 1	$6,060	'
Fair Value Of Financial Instruments Schedule Of Fair Value, By Balance Sheet Grouping 2	6,060	'
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 $)	6 Months Ended
	Jun. 30, 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	0
Income Taxes Schedule Of Income Tax Expense 5	0
Income Taxes Schedule Of Income Tax Expense 6	-2,128
Income Taxes Schedule Of Income Tax Expense 7	0
Income Taxes Schedule Of Income Tax Expense 8	-4,432
Income Taxes Schedule Of Income Tax Expense 9	0
Income Taxes Schedule Of Income Tax Expense 10	-2,128
Income Taxes Schedule Of Income Tax Expense 11	0
Income Taxes Schedule Of Income Tax Expense 12	-4,432
Income Taxes Schedule Of Income Tax Expense 13	0
Income Taxes Schedule Of Income Tax Expense 14	0
Income Taxes Schedule Of Income Tax Expense 15	0
Income Taxes Schedule Of Income Tax Expense 16	0
Income Taxes Schedule Of Income Tax Expense 17	0
Income Taxes Schedule Of Income Tax Expense 18	-249
Income Taxes Schedule Of Income Tax Expense 19	0
Income Taxes Schedule Of Income Tax Expense 20	-518
Income Taxes Schedule Of Income Tax Expense 21	0
Income Taxes Schedule Of Income Tax Expense 22	-2,377
Income Taxes Schedule Of Income Tax Expense 23	0
Income Taxes Schedule Of Income Tax Expense 24	($4,950)

Schedule_of_Comprehensive_Inco

Schedule of Comprehensive Income (Loss) (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Comprehensive Income Schedule Of Comprehensive Income (loss) 1	$0
Comprehensive Income Schedule Of Comprehensive Income (loss) 2	-442
Comprehensive Income Schedule Of Comprehensive Income (loss) 3	0
Comprehensive Income Schedule Of Comprehensive Income (loss) 4	-550
Comprehensive Income Schedule Of Comprehensive Income (loss) 5	0
Comprehensive Income Schedule Of Comprehensive Income (loss) 6	156
Comprehensive Income Schedule Of Comprehensive Income (loss) 7	0
Comprehensive Income Schedule Of Comprehensive Income (loss) 8	194
Comprehensive Income Schedule Of Comprehensive Income (loss) 9	0
Comprehensive Income Schedule Of Comprehensive Income (loss) 10	-286
Comprehensive Income Schedule Of Comprehensive Income (loss) 11	0
Comprehensive Income Schedule Of Comprehensive Income (loss) 12	-356
Comprehensive Income Schedule Of Comprehensive Income (loss) 13	0
Comprehensive Income Schedule Of Comprehensive Income (loss) 14	1,114
Comprehensive Income Schedule Of Comprehensive Income (loss) 15	70
Comprehensive Income Schedule Of Comprehensive Income (loss) 16	1,376
Comprehensive Income Schedule Of Comprehensive Income (loss) 17	0
Comprehensive Income Schedule Of Comprehensive Income (loss) 18	-391
Comprehensive Income Schedule Of Comprehensive Income (loss) 19	-25
Comprehensive Income Schedule Of Comprehensive Income (loss) 20	-482
Comprehensive Income Schedule Of Comprehensive Income (loss) 21	0
Comprehensive Income Schedule Of Comprehensive Income (loss) 22	437
Comprehensive Income Schedule Of Comprehensive Income (loss) 23	45
Comprehensive Income Schedule Of Comprehensive Income (loss) 24	$538