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NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) | 9 Months Ended
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Sep. 30, 2012 item
Gold |
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Quantity produced (in ounces) | 298
Option to Sell Prior to Completion of Refining | 90.00%
Period of Completion of Refining | 15 days
Net Smelter Return from Royalty Agreement | 3.50%
Gold | Production up to 30000 ounces |
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Net Smelter Return from Royalty Agreement | 1.00%
Gold | Production between 30001 to 380000 ounces |
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Net Smelter Return from Royalty Agreement | 3.50%
Gold | Production above 380000 ounces |
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Net Smelter Return from Royalty Agreement | 1.00%
Silver |
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Option to Sell Prior to Completion of Refining | 90.00%
Period of Completion of Refining | 15 days

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