Golden River Resources 10-Q 6 Mar 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Dec. 31, 2013	Feb. 18, 2014
Document Information [Line Items]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	31-Dec-13	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'
Trading Symbol	'GORV	'
Entity Registrant Name	'GOLDEN RIVER RESOURCES CORP.	'
Entity Central Index Key	'0000814904	'
Current Fiscal Year End Date	'--06-30	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	56,807,283

Consolidated_Balance_Sheets_An

Consolidated Balance Sheets (An Exploration Stage Company) (USD $)	Dec. 31, 2013	Jun. 30, 2013
In Thousands, unless otherwise specified
Current Assets	'	'
Cash	$2	$637
Investment in marketable security	'	436
Receivables	41	14
Receivables - affiliates	112	'
Advances receivable	133	'
Prepaid expenses and deposits	1	1
Total Current Assets	289	1,088
Non-Current Assets	'	'
Advances receivable	'	138
Total Non-Current Assets	'	138
Total Assets	289	1,226
Current Liabilities	'	'
Accounts payable and accrued expenses	174	145
Total Current Liabilities	174	145
Total Liabilities	174	145
Stockholders' Equity:	'	'
Common Stock: $.0001 par value 400,000,000 shares authorized 56,807,408 and 56,807,408 issued and outstanding	5	5
Additional paid-in-capital	41,428	41,428
Less treasury stock at cost, 125 shares	-19	-19
Retained (deficit) during exploration stage	-23,934	-22,968
Retained (deficit) prior to exploration stage	-17,365	-17,365
Total Stockholders' Equity	115	1,081
Total Liabilities and Stockholders' Equity	$289	$1,226

Consolidated_Balance_Sheets_An1

Consolidated Balance Sheets (An Exploration Stage Company) (Parenthetical) (USD $)	Dec. 31, 2013	Jun. 30, 2013
Common Stock, par value	$0.00	$0.00
Common Stock, shares authorized	400,000,000	400,000,000
Common Stock, issued	56,807,408	56,807,408
Treasury stock, shares	125	125

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (An Exploration Stage Company) (USD $)	3 Months Ended		6 Months Ended		138 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
Revenues	$0	$0	$0	$0	$0
Costs and expenses:	'	'	'	'	'
Stock based compensation	'	'	'	'	2,678
Exploration expenditure	'	'	'	'	4,403
Interest expense (income), net	'	'	'	'	385
Legal, accounting and professional	18	28	38	50	2,108
Administration expenses	74	231	116	313	4,388
Total costs and expenses	92	259	154	363	13,962
Foreign currency exchange gain/(loss)	-109	-12	-109	-15	-645
Loss on sale of equity investment and impairment charge	'	-396	'	-396	-841
Allowance for doubtful debt	-140	'	-709	'	-2,843
(Loss)/gain on marketable investment	'	'	2	'	289
Other income:	'	'	'	'	'
Interest income - net, related entity	'	'	'	'	5
Interest income - Other	'	17	1	17	12
(Loss) from continuing operations before income taxes	-341	-650	-969	-757	-17,985
Benefit for deferred income taxes	'	'	'	'	'
Net (loss) from continuing operations	-341	-650	-969	-757	-17,985
Discontinued Operations	'	'	'	'	'
Gain on disposal of discontinued operations	'	5,591	'	5,591	5,378
Equity in profits of unconsolidated entities	'	'	'	'	227
Net income/(loss) from discontinued operations	'	5	'	-665	-10,190
Impairment of mineral rights	'	'	'	'	-34,530
Adjustment to fair value on stepped acquisition	'	'	'	'	7,213
Gain on bargain purchase	'	'	'	'	10,000
Net income/(loss) attributable to non-controlling interests of discontinued operations	'	-5	'	314	13,762
Net income/(loss) from discontinued operations	'	5,591	'	5,240	-8,140
Net income/(loss)	-341	4,941	-969	4,483	-26,125
Other comprehensive income (loss):	'	'	'	'	'
Foreign currency translation adjustments	'	-188	3	-173	2,191
Comprehensive income/(loss)	($341)	$4,753	($966)	$4,310	($23,934)
Basic and diluted income/(loss) per common equivalent share	'	'	'	'	'
Net (loss) from continuing operations per share	($0.01)	($0.01)	($0.02)	($0.01)	($0.95)
Net income/(loss) from discontinued operations per share	'	$0.10	'	$0.10	($0.43)
Basic and diluted net income/(loss) per common equivalent shares	($0.01)	$0.09	($0.02)	$0.09	($1.38)
Weighted average number of common equivalent shares used per share calculation	56,807	56,807	56,807	56,807	19,078

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (An Exploration Stage Company) (USD $)	6 Months Ended		138 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
CASH FLOW FROM OPERATING ACTIVITIES	'	'	'
Net income/(loss)	($969)	$4,483	($26,125)
Adjustments to reconcile net income/(loss) to net cash (used) in operating activities	'	'	'
Foreign currency exchange (gain)/loss	109	15	645
Stock based compensation	'	'	2,641
Loss on equity investment	'	58	841
(Gain)/loss on sale/revaluation of marketable investment	-2	336	-289
Allowance for doubtful debt	709	'	2,843
Gain on disposal of discontinued operations	'	-5,591	-5,378
Accrued interest added to principal	'	'	168
Net change net of disposition and acquisition in:	'	'	'
Receivables	7	62	-827
Staking deposit	'	'	21
Prepaid expenses and deposits	'	19	-1
Accounts payable and accrued expenses	32	-252	-12
Net Cash (Used) in Operating Activities	-114	-870	-25,473
CASH FLOW FROM INVESTING ACTIVITIES	'	'	'
Acquisition of majority owned subsidiary, net of cash acquired	'	'	-11,213
Proceeds of disposal of subsidiary (net)	'	2,002	3,928
Proceeds from sale of marketable securities	402	'	1,162
Purchase of plant and equipment	'	'	-24
Net Cash provided by/(Used) In Investing Activities	402	2,002	-6,147
CASH FLOW FROM FINANCING ACTIVITIES	'	'	'
Borrowings from affiliates	113	405	6,317
Advances and repayments to affiliates	-1,038	-1,880	-8,776
Proceeds from issuance of stock	'	'	13,451
Sale of warrants (net)	'	'	4,608
Re-purchase of warrants	'	'	-562
Proceeds from loan payable	'	'	3,164
Net Cash Provided by/(Used) In Financing Activities	-925	-1,475	18,202
DISCONTINUED OPERATIONS	'	'	'
Operating activities	'	350	14,169
Investing activities	'	'	106
Financing activities	'	'	-757
Net cash flows Provided By discontinued operations	'	350	13,518
Effects of Exchange Rate on Cash	2	12	-98
Net Increase/(Decrease) in Cash	-635	19	2
Cash at Beginning of Period	637	11	'
Total Cash at End of Period	2	30	2
Supplemental Disclosures	'	'	'
Interest Paid	'	'	330
NON CASH FINANCING ACTIVITY	'	'	'
Debt repaid through issuance of shares	'	'	5,600
Stock options recorded as deferred compensation	'	'	1,221
Extinguishment of related party debt	'	'	575
Stock issued for acquisition of properties	'	'	$608

Consolidated_Statements_of_Sto

Consolidated Statements of Stockholders' Equity (Deficit) (An Exploration Stage Company) (USD $)

Total

Normal Warrants

Special Warrants

Grants in 2004

Grants in 2006

Common Stock

Treasury Stock, at Cost

Additional Paid-in Capital

Additional Paid-in Capital

Additional Paid-in Capital

Additional Paid-in Capital

Additional Paid-in Capital

Retained Profit/(Deficit) during the Exploration stage

Retained (Deficit) prior to Exploration stage

Deferred Compensation

Deferred Compensation

Non-Controlling Interests

In Thousands, except Share data

Normal Warrants

Special Warrants

Grants in 2004

Grants in 2006

Grants in 2004

Balance at Jun. 30, 2002

($1,133)

'

'

'

'

'

($19)

$16,251

'

'

'

'

'

($17,365)

'

'

'

Balance (in shares) at Jun. 30, 2002

'

'

'

'

'

635,000

'

'

'

'

'

'

'

'

'

'

'

Net (loss)

-620

'

'

'

'

'

'

'

'

'

'

'

-620

'

'

'

'

Balance at Jun. 30, 2003

-1,753

'

'

'

'

'

-19

16,251

'

'

'

'

-620

-17,365

'

'

'

Balance (in shares) at Jun. 30, 2003

'

'

'

'

'

635,000

'

'

'

'

'

'

'

'

'

'

'

Issuance of shares and warrants in lieu of debt repayment

1,782

'

'

'

'

'

'

1,782

'

'

'

'

'

'

'

'

'

Issuance of shares and warrants in lieu of debt repayment (in shares)

'

'

'

'

'

175

'

'

'

'

'

'

'

'

'

'

'

Sale of shares and warrants

1,698

'

'

'

'

'

'

1,698

'

'

'

'

'

'

'

'

'

Sale of shares and warrants (in shares)

'

'

'

'

'

167,000

'

'

'

'

'

'

'

'

'

'

'

Issuance of shares on cashless exercise of options

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of shares on cashless exercise of options (in shares)

'

'

'

'

'

694

'

'

'

'

'

'

'

'

'

'

'

Net (loss)

-938

'

'

'

'

'

'

'

'

'

'

'

-938

'

'

'

'

Balance at Jun. 30, 2004

789

'

'

'

'

'

-19

19,731

'

'

'

'

-1,558

-17,365

'

'

'

Balance (in shares) at Jun. 30, 2004

'

'

'

'

'

1,671,000

'

'

'

'

'

'

'

'

'

'

'

Issuance of options under stock option plan

'

'

'

'

'

'

'

'

'

'

1,334

'

'

'

'

-1,334

'

Amortization of options under stock option plan

'

'

'

887

'

'

'

'

'

'

'

'

'

'

'

887

'

Net (loss)

-2,904

'

'

'

'

'

'

'

'

'

'

'

-2,904

'

'

'

'

Balance at Jun. 30, 2005

-1,228

'

'

'

'

'

-19

21,065

'

'

'

'

-4,462

-17,365

-447

'

'

Balance (in shares) at Jun. 30, 2005

'

'

'

'

'

1,671,000

'

'

'

'

'

'

'

'

'

'

'

To eliminate deferred compensation against Additional Paid-In Capital

'

'

'

'

'

'

'

-447

'

'

'

'

'

'

447

'

'

Issuance of shares and options in lieu of debt repayment

3,004

'

'

'

'

'

'

3,004

'

'

'

'

'

'

'

'

'

Issuance of shares and options in lieu of debt repayment (in shares)

'

'

'

'

'

1,000,000

'

'

'

'

'

'

'

'

'

'

'

Capital gain on shares and options issued in lieu of debt repayment

-1,457

'

'

'

'

'

'

-1,457

'

'

'

'

'

'

'

'

'

Sale of warrants

'

715

767

'

'

'

'

'

715

767

'

'

'

'

'

'

'

Amortization of options under stock option plan

'

'

'

431

'

'

'

'

'

'

431

'

'

'

'

'

'

Net (loss)

-803

'

'

'

'

'

'

'

'

'

'

'

-803

'

'

'

'

Balance at Jun. 30, 2006

1,429

'

'

'

'

'

-19

24,078

'

'

'

'

-5,265

-17,365

'

'

'

Balance (in shares) at Jun. 30, 2006

'

'

'

'

'

2,671,000

'

'

'

'

'

'

'

'

'

'

'

Costs associated with sale of normal and special warrants

-3

'

'

'

'

'

'

-3

'

'

'

'

'

'

'

'

'

Amortization of options under stock option plan

'

'

'

15

447

'

'

'

'

'

15

447

'

'

'

'

'

Net (loss)

-1,808

'

'

'

'

'

'

'

'

'

'

'

-1,808

'

'

'

'

Balance at Jun. 30, 2007

80

'

'

'

'

'

-19

24,537

'

'

'

'

-7,073

-17,365

'

'

'

Balance (in shares) at Jun. 30, 2007

'

'

'

'

'

2,671,000

'

'

'

'

'

'

'

'

'

'

'

Amortization of options under stock option plan

'

'

'

'

293

'

'

'

'

'

'

293

'

'

'

'

'

Net (loss)

-985

'

'

'

'

'

'

'

'

'

'

'

-985

'

'

'

'

Balance at Jun. 30, 2008

-612

'

'

'

'

'

-19

24,830

'

'

'

'

-8,058

-17,365

'

'

'

Balance (in shares) at Jun. 30, 2008

'

'

'

'

'

2,671,000

'

'

'

'

'

'

'

'

'

'

'

Sale of shares

542

'

'

'

'

1

'

541

'

'

'

'

'

'

'

'

'

Sale of shares (in shares)

'

'

'

'

'

10,000,000

'

'

'

'

'

'

'

'

'

'

'

Forgiveness of advances from affiliate

509

'

'

'

'

'

'

509

'

'

'

'

'

'

'

'

'

Amortization of options under stock option plan

'

'

'

'

152

'

'

'

'

'

'

152

'

'

'

'

'

Net (loss)

-1,060

'

'

'

'

'

'

'

'

'

'

'

-1,060

'

'

'

'

Balance at Jun. 30, 2009

-469

'

'

'

'

1

-19

26,032

'

'

'

'

-9,118

-17,365

'

'

'

Balance (in shares) at Jun. 30, 2009

'

'

'

'

'

12,671,000

'

'

'

'

'

'

'

'

'

'

'

Sale of shares

10,145

'

'

'

'

1

'

10,144

'

'

'

'

'

'

'

'

'

Sale of shares (in shares)

'

'

'

'

'

9,960,351

'

'

'

'

'

'

'

'

'

'

'

Issuance of shares as part purchase price of mining properties (in shares)

'

'

'

'

'

300,000

'

'

'

'

'

'

'

'

'

'

'

Issuance of shares as part purchase price of mining properties

600

'

'

'

'

'

'

600

'

'

'

'

'

'

'

'

'

Amortization of options under stock option plan

'

'

'

'

35

'

'

'

'

'

'

35

'

'

'

'

'

Re-purchase of warrants

-500

'

'

'

'

'

'

-500

'

'

'

'

'

'

'

'

'

Net profit (loss) from continuing operations

-3,756

'

'

'

'

'

'

'

'

'

'

'

-3,756

'

'

'

'

Net profit (loss) from discontinued operations

15,007

'

'

'

'

'

'

'

'

'

'

'

15,007

'

'

'

'

Adjustment for additional investment in consolidated subsidiary

'

'

'

'

'

'

'

1,860

'

'

'

'

'

'

'

'

-1,860

Fair value of non-controlling interest

18,921

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

18,921

Net profit (loss) attributable to non-controlling interests

'

'

'

'

'

'

'

'

'

'

'

'

1,362

'

'

'

-1,362

Balance at Jun. 30, 2010

39,983

'

'

'

'

2

-19

38,171

'

'

'

'

3,495

-17,365

'

'

15,699

Balance (in shares) at Jun. 30, 2010

'

'

'

'

'

22,931,000

'

'

'

'

'

'

'

'

'

'

'

Sale of shares

3,050

'

'

'

'

3

'

3,047

'

'

'

'

'

'

'

'

'

Sale of shares (in shares)

'

'

'

'

'

33,876,000

'

'

'

'

'

'

'

'

'

'

'

Amortization of options under stock option plan

156

'

'

'

'

'

'

156

'

'

'

'

'

'

'

'

'

Net profit (loss) from continuing operations

-4,725

'

'

'

'

'

'

'

'

'

'

'

-4,725

'

'

'

'

Net profit (loss) from discontinued operations

-2,863

'

'

'

'

'

'

'

'

'

'

'

-2,863

'

'

'

'

Adjustment for additional investment in consolidated subsidiary

'

'

'

'

'

'

'

1,465

'

'

'

'

'

'

'

'

-1,465

Adjustment due to issue of shares by subsidiary

10

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10

Net profit (loss) attributable to non-controlling interests

'

'

'

'

'

'

'

'

'

'

'

'

821

'

'

'

-821

Balance at Jun. 30, 2011

35,611

'

'

'

'

5

-19

42,839

'

'

'

'

-3,272

-17,365

'

'

13,423

Balance (in shares) at Jun. 30, 2011

'

'

'

'

'

56,807,000

'

'

'

'

'

'

'

'

'

'

'

Amortization of options under stock option plan

56

'

'

'

'

'

'

56

'

'

'

'

'

'

'

'

'

Net profit (loss) from continuing operations

5,828

'

'

'

'

'

'

'

'

'

'

'

5,828

'

'

'

'

Net profit (loss) from discontinued operations

-37,936

'

'

'

'

'

'

'

'

'

'

'

-37,936

'

'

'

'

Adjustment for additional investment in consolidated subsidiary

-84

'

'

'

'

'

'

176

'

'

'

'

'

'

'

'

-260

Adjustment for sale of investment in consolidated subsidiary

1,629

'

'

'

'

'

'

-1,644

'

'

'

'

'

'

'

'

3,273

Net profit (loss) attributable to non-controlling interests

'

'

'

'

'

'

'

'

'

'

'

'

11,275

'

'

'

-11,275

Balance at Jun. 30, 2012

5,104

'

'

'

'

5

-19

41,427

'

'

'

'

-24,105

-17,365

'

'

5,161

Balance (in shares) at Jun. 30, 2012

'

'

'

'

'

56,807,000

'

'

'

'

'

'

'

'

'

'

'

Amortization of options under stock option plan

1

'

'

'

'

'

'

1

'

'

'

'

'

'

'

'

'

Net profit (loss) from continuing operations

-3,056

'

'

'

'

'

'

'

'

'

'

'

-3,056

'

'

'

'

Net profit (loss) from discontinued operations

3,889

'

'

'

'

'

'

'

'

'

'

'

3,889

'

'

'

'

Adjustment for deconsolidation of subsidiary

-4,857

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-4,857

Net profit (loss) attributable to non-controlling interests

'

'

'

'

'

'

'

'

'

'

'

'

304

'

'

'

-304

Balance at Jun. 30, 2013

1,081

'

'

'

'

5

-19

41,428

'

'

'

'

-22,968

-17,365

'

'

'

Balance (in shares) at Jun. 30, 2013

'

'

'

'

'

56,807,000

'

'

'

'

'

'

'

'

'

'

'

Comprehensive (loss)

-966

'

'

'

'

'

'

'

'

'

'

'

-966

'

'

'

'

Net profit (loss) from continuing operations

-969

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net (loss)

-969

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Balance at Dec. 31, 2013

$115

'

'

'

'

$5

($19)

$41,428

'

'

'

'

($23,934)

($17,365)

'

'

'

Balance (in shares) at Dec. 31, 2013

'

'

'

'

'

56,807,000

'

'

'

'

'

'

'

'

'

'

'

Consolidated_Statements_of_Sto1

Consolidated Statements of Stockholders' Equity (Deficit) (An Exploration Stage Company) (Parenthetical)

12 Months Ended

Jun. 30, 2013

Jun. 30, 2012

Jun. 30, 2011

Jun. 30, 2006

Jun. 30, 2006

Jun. 30, 2006

Jun. 30, 2007

Jun. 30, 2006

Jun. 30, 2005

Jun. 30, 2010

Jun. 30, 2009

Jun. 30, 2008

Jun. 30, 2007

Normal Warrants

Special Warrants

Grants in 2004

Grants in 2004

Grants in 2004

Grants in 2006

Grants in 2006

Grants in 2006

Grants in 2006

Issuance of options under stock option plan, options

'

'

'

'

'

'

'

'

140,000

'

'

'

'

Amortization of options under stock option plan, options

1,100,000

1,100,000

800,000

'

'

'

140,000

140,000

140,000

465,000

465,000

465,000

465,000

Issuance of shares and options in lieu of debt repayment, options

'

'

'

2,000,000

'

'

'

'

'

'

'

'

'

Sale of warrants, warrants

'

'

'

'

2,000,000

1,000,000

'

'

'

'

'

'

'

Organisation

Organisation	6 Months Ended
	Dec. 31, 2013
Organisation	'
	1.	Organisation
	Golden River Resources Corporation (“Golden River Resources”) is incorporated in the State of Delaware. The principal shareholder of Golden River Resources is Northern Capital Resources Corp (“NCRC”) which owned 96.62% of Golden River Resources as of December 31, 2013.
	Golden River Resources was a gold exploration company.  On March 17, 2009, the Company announced that it had reached agreement with Acadian Mining Corporation (TSX: ADA) ("Acadian") to subscribe in private placement transactions for common shares in Acadian and since that time, it acquired an interest by June 30, 2011 of 71.48%.  During 2012, the Company acquired 0.48% of Acadian, sold 19.9% of Acadian and at June 30, 2012 it held 52.06% of Acadian. During fiscal 2013, it sold a further 51.56% and at June 30, 2013, it held a 0.50% interest in Acadian. On September 18, 2013, the Company converted a convertible note of US$402,000 into 3,500,000 shares in Acadian thus increasing its equity interest in Acadian to 6.53%. On October 11, 2013, Acadian and LionGold Corp. Ltd. ("LionGold") announced that they concluded the arrangement by which LionGold, through its wholly-owned subsidiary LionGold Mining Canada Inc. (formerly 9286-0931 Québec Inc.) compulsory acquired all of the common shares of Acadian that it did not already own. As a result, effective October 11, 2013, the Company no longer has an equity interest in Acadian.
	The financial statements presented herein have been prepared on a consolidated basis to include the accounts of Golden River Resources and its other subsidiaries (collectively “the Company”). All intercompany balances and transactions have been eliminated in consolidation.
	Effective November 1, 2010, the Company had a 1-for-10 reverse stock split of its Common Stock and accordingly, all share and per share data has been retroactively restated.
	The Company's consolidated financial statements are prepared using generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, Golden River Resources is an exploration stage company which has not yet commenced revenue producing operations and has sustained recurring losses since inception, all of which raises substantial doubt as to its ability to continue as a going concern.
	In addition, Golden River Resources has historically relied on loans and advances from corporations affiliated with the President of Golden River Resources and fund raising through the sale of equity instruments.  Based on discussions with these affiliate companies, the Company believes this source of funding will continue to be available.
	Other than the arrangements noted above, the Company has not confirmed any other arrangement for ongoing funding.  The Company’s ability to continue operations is dependent upon future funding from capital raisings, or its ability to commence revenue producing operations and positive cash flows.

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncements	6 Months Ended
	Dec. 31, 2013
Recent Accounting Pronouncements	'
	2.	Recent Accounting Pronouncements
	The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its consolidated financial position or results of operations.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	6 Months Ended
	Dec. 31, 2013
Summary of Significant Accounting Policies	'
	3.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	The following is a summary of the significant accounting policy followed in connection with the preparation of the financial statements.
	Foreign Currency Translation
	Effective October 1, 2013, the Company’s functional and reporting currency is the United States dollar.  Revenue and expenses incurred in a currency other than, United States dollars are translated at the date incurred or invoiced. Assets and liabilities are re-valued at the period end exchange rate where appropriate. Gains or losses from foreign currency transactions are included in the results of operations.
	Prior to October 1, 2013, the Company’s functional and reporting currency was the Canadian dollar (CDN). The major asset of Company at September 30, 2013 was a marketable security held in a former consolidated entity. In October, 2013 all shares held in in the former consolidated entity were compulsory acquired by a third party. As a result of the disposal of the investment, the Company’s revenue and expenses are no longer primarily denominated in Canadian dollars. ASC 830 Foreign Currency Translation, states that the functional currency of an entity is the currency of the primary economic environment in which the entity operates. Accordingly the Company determined that from October 1, 2013 the functional currency of the Company is the United States dollar (US$). Assets, liabilities and equity were translated at the rate of exchange at October 1, 2013 of CDN$1.00 US$0.9704. Revenue and expenses were translated at rates at date of transaction.  The recasting of the Company’s assets, liabilities, revenue and expense into US dollars did not have a material impact on the consolidated financial statements. Translation gains and losses were not material and accordingly were included as part of operations.
	Restatement of comparative numbers was made for the change in functional and reporting currency.

Affiliate_Transactions

Affiliate Transactions	6 Months Ended
	Dec. 31, 2013
Affiliate Transactions	'
	4.	Affiliate Transactions
	Golden River Resources advances to and receives advances from various affiliates.
	The Company has entered into an agreement with AXIS Consultants Pty Ltd (“AXIS”) to provide geological, management and administration services to the Company. AXIS is affiliated through common management. The Company is one of ten affiliated companies to which AXIS provides services. Each of the companies has some common Directors, officers and shareholders. Golden River Resources holds a 9.09% interest in AXIS at a cost of A$1 and is accounted for under the cost method. Any profits generated by AXIS are returned to its shareholders in the form of dividends.
	During the six months ended December 31, 2013, AXIS provided services in accordance with the service agreement of US$83,000, AXIS repaid Golden River Resources US$31,000 and the Company advanced AXIS US$1,038,000, before foreign currency translation amounting to approximately US$103,000. At June 30, 2013, management considered the recoverability of the amount owed by AXIS and in accordance with the requirements of accounting standards provided a US$976,000 provision for doubtful receivable during fiscal 2013. For the six months ended December 31, 2013, the Company recorded an additional provision of US$709,000. During the six months ended December 31, 2013, the Company did not charge interest.  The amount owed by AXIS at December 31, 2013 under current assets – advances to affiliates was US$112,000. The Company has made advances to AXIS in connection with the ongoing business relationship between the two parties, which have been disclosed in the Company’s SEC reports, but which are not specifically provided for in the AXIS Services Agreement.  In order to service its clients, AXIS is required to make ongoing expenditures for payroll, facilities and equipment that may exceed the amount of its cash receipts during particular periods, depending on the amount of services provided to its clients and the amount of fees received from such clients during these periods.  Historically, the shortfall in its cash receipts has been covered by cash advances from a number of the companies, which receive services from AXIS, including the Company.  The purpose of such advances is to assist AXIS in meeting its ongoing cash flow requirements in order to assure that AXIS has the necessary resources to provide services to the Company on an as needed basis. The parties are in discussions in relation to AXIS providing security to the Company for the amount outstanding and such discussions are anticipated to be concluded by the end of fiscal 2014.However no agreement has been reached to-date. Two of the Company’s directors (Mr Gutnick and Dr Tyrwhitt) are also directors of AXIS and Mr Lee is Chief Financial Officer and Company Secretary of AXIS and owe fiduciary obligations to both parties. It is the intention of the Boards of Directors of AXIS and the Company that this issue be resolved in a manner that is fair to all parties and equitable to the shareholders of each, but there are no agreements or understandings addressing the priority or dispensation of fiduciary duties with respect to the discussions to resolve the amount outstanding owed by AXIS or any other conflict of interest with AXIS or other affiliates.
	During the six months ended December 31, 2012, AXIS repaid the Company US$405,000 and provided services in accordance with the service agreement of US$270,000 and the Company advanced AXIS US$794,000. The amount owed by AXIS at December 31, 2012 was US$600,000 and is reflected in non-current assets – receivables from affiliates. During the six months ended December 31, 2012, the Company did not charge interest.
	During fiscal 2010, the Company sold shares of common stock to NCRC, a Nevada corporation, pursuant to certain subscription agreements. Mr Joseph Gutnick, the Company’s President, is the Chairman and Chief Executive Officer of NCRC.  In addition, Legend International Holdings, Inc., of which Mr. Gutnick is the Chairman and Chief Executive Officer and a principal stockholder, owns 31.46% of NCRC. As of December 31, 2013, NCRC owned approximately 96.6% of the outstanding common stock of the Company.
	During fiscal 2013, the Company advanced NCRC US$1,189,000 and after foreign exchange adjustments US$1,158,000 is the amount owed by NCRC at December 31, 2013. At June 30, 2013, management considered the recoverability of the amount owed by NCRC and in accordance with the requirements of accounting standards provided a provision for doubtful receivable for the full amount during fiscal 2013.
	During fiscal 2013, Golden River advanced Acadian US$141,000 in funds for operating expenditures and incurred expenditures on behalf of Acadian of US$2,000. This loan is non-interest bearing and is due on or before June 6, 2014. As of December 31, 2013 the US$133,000 (before currency translation) remains unpaid and is reflected in current assets – advances - receivable (see note 8).

Issue_of_Options_under_Stock_O

Issue of Options under Stock Option Plan	6 Months Ended
	Dec. 31, 2013
Issue of Options under Stock Option Plan	'
	5.	Issue of Options under Stock Option Plan
	In October 2004, the Board of Directors and Remuneration Committee of the Company adopted a Stock Option Plan. The Company issued 605,000 options under the plan. At December 31, 2013, the options are fully vested.
	Since the issue of the options, 120,000 options have lapsed following the termination of participants to the issue.
	A summary of the options outstanding and exercisable at December 31, 2013 are as follows:
			Outstanding		Outstanding		Exercisable		Exercisable
	Number of options			80,000		405,000		80,000		405,000
	Exercise price			US10.00		US3.08		US10.00		US3.08
	Expiration date		15-Oct-14		15-Oct-16		15-Oct-14		15-Oct-16

Loss_per_share

(Loss) per share	6 Months Ended
	Dec. 31, 2013
(Loss) per share	'
	6.	(Loss) per share
	The Company calculates (loss) per share in accordance with ASC Topic 260, Earnings per Share. Basic profit/(loss) per share is computed based on the weighted average number of common shares outstanding during the period.
	Options to acquire 485,000 shares of common stock were not included in the diluted weighted average shares outstanding as such effects would be anti-dilutive.

Fair_Value_Of_Financial_Instru

Fair Value Of Financial Instruments	6 Months Ended
	Dec. 31, 2013
Fair Value Of Financial Instruments	'
	7.	Fair Value Of Financial Instruments
	The Company’s financial instruments consist of cash, receivables, accounts payable and accrued expenses and advances due from affiliates. The carrying amounts of receivables, accounts payable and accrued expenses, advances receivable approximate their respective fair values because of the short maturities of these expenses. The fair values of advances due/from affiliates are not practicable to estimate as no similar market exists for these instruments and as it does not have a specified date of repayment. The Company’s investment in Acadian was recorded at fair value using Level 1 inputs, as described in the US GAAP guidance for fair value measurements (see note 8).

Investments_In_and_Receivable_

Investments In and Receivable From Acadian	6 Months Ended
	Dec. 31, 2013
Investments In and Receivable From Acadian	'
	8.	Investments In and Receivable From Acadian
	During fiscal 2012, Golden River purchased US$408,000 of debentures in its former consolidated subsidiary Acadian. The debentures were unsecured and convertible into common shares of Acadian at the holder’s option at a price of US$0.12 per common share. On September 18, 2013, the Company elected to convert the convertible note into 3,500,000 shares in Acadian.
	On October 11, 2013 Acadian and LionGold announced that they concluded the arrangement by which LionGold, through its wholly-owned subsidiary LionGold Mining Canada Inc. (formerly 9286-0931 Québec Inc.) compulsory acquired all of the common shares of Acadian ("Acadian Shares") that it did not already own (the "Arrangement").  Effective from that date, LionGold directly or indirectly owns 100% of the outstanding shares of Acadian. Under the Arrangement, Acadian shareholders (other than LionGold and its affiliates) received C$0.12 in cash for each Acadian Share. On October 17, 2013 the Company received US$402,000 for 3,509,998 shares it held in Acadian. The balance of the funds of US$29,000 from LionGold is expected to be received in 2014.

Income_Taxes

Income Taxes	6 Months Ended
	Dec. 31, 2013
Income Taxes	'
	9.	Income Taxes
	The Company recognises deferred tax assets or liabilities for the expected future consequences attributable to differences between the financial statement carrying amount of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using the enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled.
	The Company is subject to taxation in both the USA and Canada.
	The Company’s net deferred taxes at December 31, 2013 is summarized as follows:
			USA			Canada			Total
			2013			2013			2013
			US$000s			US$000s			US$000s
	Deferred tax assets
	Net operating loss carry-forward			2,411			132			2,542
	Exploration expenditure			557			3040			3,597
				2,968			3,172			6,139
	Less valuation allowance			(2,968	)		(3,172	)		(6,139	)
				-			-			-
	The Company’s net deferred taxes at June 30, 2013 is summarized as follows:
			USA			Canada			Total
			2013			2013			2013
			US$000s			US$000s			US$000s
	Deferred tax assets
	Net operating loss carry-forward			3,440			2,011			5,451
	Exploration expenditure			544			1,498			2,042
				3,984			3,509			7,493
	Less valuation allowance			(3,984	)		(3,509	)		(7,493	)
				-			-			-
	Total available net operating loss carryforwards in the United States, which are subject to limitations, amount to approximately US$6,887,000 at December 31, 2013 and expire in years 2023 through 2030. Net operating loss carryforwards in Canada do not have a definite expiration date and amounted to US$9,149,000.

Subsequent_Events

Subsequent Events	6 Months Ended
	Dec. 31, 2013
Subsequent Events	'
	10.	Subsequent Events
	The Company has evaluated events and transactions after the balance sheet date and, through the date the consolidated financial statements were issued and believes that all relevant disclosures have been included herein and there are no other events which require recognition or disclosure in the accompanying consolidated financial statements, other than disclosed herein.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Dec. 31, 2013
Foreign Currency Translation	'
	Foreign Currency Translation
	Effective October 1, 2013, the Company’s functional and reporting currency is the United States dollar.  Revenue and expenses incurred in a currency other than, United States dollars are translated at the date incurred or invoiced. Assets and liabilities are re-valued at the period end exchange rate where appropriate. Gains or losses from foreign currency transactions are included in the results of operations.
	Prior to October 1, 2013, the Company’s functional and reporting currency was the Canadian dollar (CDN). The major asset of Company at September 30, 2013 was a marketable security held in a former consolidated entity. In October, 2013 all shares held in in the former consolidated entity were compulsory acquired by a third party. As a result of the disposal of the investment, the Company’s revenue and expenses are no longer primarily denominated in Canadian dollars. ASC 830 Foreign Currency Translation, states that the functional currency of an entity is the currency of the primary economic environment in which the entity operates. Accordingly the Company determined that from October 1, 2013 the functional currency of the Company is the United States dollar (US$). Assets, liabilities and equity were translated at the rate of exchange at October 1, 2013 of CDN$1.00 US$0.9704. Revenue and expenses were translated at rates at date of transaction.  The recasting of the Company’s assets, liabilities, revenue and expense into US dollars did not have a material impact on the consolidated financial statements. Translation gains and losses were not material and accordingly were included as part of operations.
	Restatement of comparative numbers was made for the change in functional and reporting currency.

Issue_of_Options_under_Stock_O1

Issue of Options under Stock Option Plan (Tables)	6 Months Ended
	Dec. 31, 2013
Summary of Options Outstanding and Exercisable	'
	A summary of the options outstanding and exercisable at December 31, 2013 are as follows:
		Outstanding		Outstanding		Exercisable		Exercisable
	Number of options		80,000		405,000		80,000		405,000
	Exercise price		US10.00		US3.08		US10.00		US3.08
	Expiration date	15-Oct-14		15-Oct-16		15-Oct-14		15-Oct-16

Income_Taxes_Tables

Income Taxes (Tables)	6 Months Ended
	Dec. 31, 2013
Schedule of Deferred Tax Assets and Liabilities	'
	The Company’s net deferred taxes at December 31, 2013 is summarized as follows:
		USA			Canada			Total
		2013			2013			2013
		US$000s			US$000s			US$000s
	Deferred tax assets
	Net operating loss carry-forward		2,411			132			2,542
	Exploration expenditure		557			3040			3,597
			2,968			3,172			6,139
	Less valuation allowance		(2,968	)		(3,172	)		(6,139	)
			-			-			-
	The Company’s net deferred taxes at June 30, 2013 is summarized as follows:
		USA			Canada			Total
		2013			2013			2013
		US$000s			US$000s			US$000s
	Deferred tax assets
	Net operating loss carry-forward		3,440			2,011			5,451
	Exploration expenditure		544			1,498			2,042
			3,984			3,509			7,493
	Less valuation allowance		(3,984	)		(3,509	)		(7,493	)
			-			-			-

Organisation_Detail

Organisation (Detail) (USD $)	0 Months Ended		0 Months Ended		12 Months Ended
	Nov. 01, 2010	Dec. 31, 2013	Sep. 18, 2013	Jun. 30, 2011	Jun. 30, 2013	Jun. 30, 2012	Oct. 11, 2013
		NCRC [Member]	Acadian [Member]	Acadian [Member]	Acadian [Member]	Acadian [Member]	Acadian [Member]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]	'	'	'	'	'	'	'
Percentage of parent company's equity owned by related parties	'	96.62%	'	'	'	'	'
Percentage of ownership interest in consolidated subsidiary	'	'	'	71.48%	'	52.06%	'
Percentage of ownership interest acquired	'	'	'	'	'	0.48%	'
Percentage of ownership interest sold	'	'	'	'	51.56%	19.90%	'
Percentage of ownership interest	'	'	6.53%	'	0.50%	'	0.00%
Convertible note	'	'	$402,000	'	'	'	'
Shares received upon conversion of note	'	'	3,500,000	'	'	'	'
Reverse stock split ratio	0.1	'	'	'	'	'	'

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Detail)	Oct. 01, 2013
Significant Accounting Policies [Line Items]	'
US dollars at foreign currency exchange rate per one Canadian dollar	0.9704

Affiliate_Transactions_Detail

Affiliate Transactions (Detail)

3 Months Ended

6 Months Ended

138 Months Ended

6 Months Ended

12 Months Ended

6 Months Ended

12 Months Ended

12 Months Ended

6 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2013

Dec. 31, 2012

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2013

Dec. 31, 2013

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

Acadian [Member]

Acadian [Member]

AXIS [Member]

AXIS [Member]

AXIS [Member]

AXIS [Member]

NCRC [Member]

NCRC [Member]

NCRC [Member]

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

AUD

USD ($)

Legend International Holdings, Inc. [Member]

Item

Related Party Transaction [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of affiliated companies under service agreement

'

'

'

'

'

'

'

'

10

'

'

'

'

'

'

Ownership interest

'

'

'

'

'

'

'

'

9.09%

'

'

'

'

'

'

Cost of ownership interest

'

'

'

'

'

'

'

'

'

'

'

1

'

'

'

Services provided in accordance with service agreement

'

'

'

'

'

'

'

'

83,000

270,000

'

'

'

'

'

Repayment of debt by affiliate

'

'

'

'

'

'

'

'

31,000

405,000

'

'

'

'

'

Amount advanced to affiliate

'

'

'

'

'

'

'

141,000

1,038,000

794,000

'

'

1,189,000

'

'

Foreign currency translation adjustments

'

-188,000

3,000

-173,000

2,191,000

'

'

'

103,000

'

'

'

'

'

'

Allowance for doubtful debt

140,000

'

709,000

'

2,843,000

'

'

'

709,000

'

976,000

'

1,158,000

'

'

Interest charged to affiliate

'

'

'

'

'

'

'

'

0

0

'

'

'

'

'

Receivables - affiliates

112,000

'

112,000

'

112,000

'

'

'

112,000

'

'

'

'

'

'

Advances receivable

'

'

'

'

'

138,000

'

'

'

600,000

'

'

'

'

'

Percentage of related party's equity owned by affiliated entities

'

'

'

'

'

'

'

'

'

'

'

'

'

'

31.46%

Percentage of parent company's equity owned by related parties

'

'

'

'

'

'

'

'

'

'

'

'

'

96.62%

'

Expenditure incurred on behalf of affiliate

'

'

'

'

'

'

'

2,000

'

'

'

'

'

'

'

Debt maturity date

'

'

'

'

'

'

6-Jun-14

'

'

'

'

'

'

'

'

Advances receivable

$133,000

'

$133,000

'

$133,000

'

$133,000

'

'

'

'

'

'

'

'

Issue_of_Options_under_Stock_O2

Issue of Options under Stock Option Plan - Narrative (Detail)	111 Months Ended
	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Number of options issued under stock option plan	605,000
Number of options lapsed	120,000

Issue_of_Options_under_Stock_O3

Issue of Options under Stock Option Plan - Summary of Options Outstanding and Exercisable (Detail) (USD $)	6 Months Ended
	Dec. 31, 2013
Grants in 2004	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Number of options exercisable	80,000
Exercise price of options exercisable	$10
Number of options outstanding	80,000
Exercise price of options outstanding	$10
Expiration date of options outstanding and exercisable	15-Oct-14
Grants in 2006	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Number of options exercisable	405,000
Exercise price of options exercisable	$3.08
Number of options outstanding	405,000
Exercise price of options outstanding	$3.08
Expiration date of options outstanding and exercisable	15-Oct-16

Loss_Per_Share_Detail

(Loss) Per Share (Detail)	6 Months Ended
	Dec. 31, 2013
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]	'
Anti-dilutive stock options excluded from diluted weighted average shares outstanding	485,000

Investments_In_and_Receivable_1

Investments In and Receivable From Acadian (Detail)	6 Months Ended	138 Months Ended	0 Months Ended		12 Months Ended
	Dec. 31, 2013	Dec. 31, 2013	Oct. 17, 2013	Sep. 18, 2013	Jun. 30, 2012	Dec. 31, 2013	Oct. 11, 2013	Jun. 30, 2013	Dec. 31, 2013	Oct. 11, 2013
	USD ($)	USD ($)	Acadian [Member]	Acadian [Member]	Acadian [Member]	Acadian [Member]	Acadian [Member]	Acadian [Member]	Acadian [Member]	Acadian [Member]
			USD ($)		USD ($)	USD ($)			LionGold Corp. Ltd. [Member]	LionGold Corp. Ltd. [Member]
									USD ($)	CAD
Investments in and Advances to Affiliates [Line Items]	'	'	'	'	'	'	'	'	'	'
Payment to related party	'	'	'	'	$408,000	'	'	'	'	'
Conversion price per share	'	'	'	'	'	$0.12	'	'	'	'
Shares received upon conversion of note	'	'	'	3,500,000	'	'	'	'	'	'
Percentage of ownership interest	'	'	'	6.53%	'	'	0.00%	0.50%	'	100.00%
Purchase price per share	'	'	'	'	'	'	'	'	'	0.12
Proceeds from sale of marketable securities	402,000	1,162,000	402,000	'	'	'	'	'	'	'
Number of marketable securities sold	'	'	3,509,998	'	'	'	'	'	'	'
Receivable for sale of marketable securities	'	'	'	'	'	'	'	'	$29,000	'

Income_Taxes_Schedule_of_Defer

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Detail) (USD $)	Dec. 31, 2013	Jun. 30, 2013
In Thousands, unless otherwise specified
Deferred tax assets	'	'
Net operating loss carry-forward	$2,542	$5,451
Exploration expenditure	3,597	2,042
Deferred tax assets, gross	6,139	7,493
Less valuation allowance	-6,139	-7,493
Deferred tax assets, net	0	0
United States [Member]	'	'
Deferred tax assets	'	'
Net operating loss carry-forward	2,411	3,440
Exploration expenditure	557	544
Deferred tax assets, gross	2,968	3,984
Less valuation allowance	-2,968	-3,984
Deferred tax assets, net	0	0
Canada [Member]	'	'
Deferred tax assets	'	'
Net operating loss carry-forward	132	2,011
Exploration expenditure	3,040	1,498
Deferred tax assets, gross	3,172	3,509
Less valuation allowance	-3,172	-3,509
Deferred tax assets, net	$0	$0

Income_Taxes_Narrative_Detail

Income Taxes - Narrative (Detail) (USD $)	12 Months Ended
	Dec. 31, 2013
United States [Member]	'
Income Taxes [Line Items]	'
Total available net operating loss carryforwards	6,887,000
United States [Member] | Minimum [Member]	'
Income Taxes [Line Items]	'
Expiration year of net operating loss carryforwards	'2023
United States [Member] | Maximum [Member]	'
Income Taxes [Line Items]	'
Expiration year of net operating loss carryforwards	'2030
Canada [Member]	'
Income Taxes [Line Items]	'
Total available net operating loss carryforwards	9,149,000