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Statement of Cash Flows (USD $)
9 Months Ended185 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Cash flows from operating activities:   
Net income (loss)$ 113,852$ (520,498)$ (7,200,022)
Adjustments to reconcile net loss to net cash provided (used) by operating activities:   
Depreciation and amortization64,36046,493794,140
(Gain) loss on sale of equipment(12,895)(30,098)(36,721)
Write-off of goodwill and investment00120,950
Gain on sale of mineral property0(50,000)(410,000)
Gain on sale of marketable equity security00(92,269)
Accretion of asset retirement obligation2,6042,6047,519
Operating common stock issued for:   
Management and directors' fees031,2401,139,335
Services and other017,113239,834
Exploration0095,521
Mineral property agreement0015,000
Change in:   
Inventory(2,700)(12,618)(19,082)
Joint venture receivables(179,327)(1,665)(191,240)
Contract drilling receivable0(71,795)0
Other current assets(46,097)1,137(61,488)
Other assets00(778)
Accounts payable37,060(12,446)89,780
Accrued payroll and related payroll expense39,01914,50155,005
Accounts payable joint venture and related party75,312075,312
Accrued reclamation costs00(1,443)
Net cash provided (used) by operating activities91,188(586,032)(5,380,647)
Cash flows from investing activities:   
Purchases of property, plant and equipment(1,465,021)(21,043)(2,570,312)
Deposit on equipment purchase(422,995)0(422,995)
Purchase of mineral property00(23,904)
Proceeds from sale of mineral property00120,000
Deposit received on sale of mineral property00320,000
Proceeds from sale of equipment12,67631,49849,174
Redemption (purchase) of reclamation bonds(110)(45)(121,243)
Purchase of marketable equity security00(7,500)
Proceeds from sales of marketable equity securities0095,901
Cash of acquired companies0038,269
Deferral of development costs00(759,209)
Net cash provided (used) by investing activities(1,875,450)10,410(3,281,819)
Cash flows from financing activities:   
Exercise of stock purchase warrants033,9362,571,536
Sales of common stock, net of issuance costs5,000580,1705,246,236
Principal payments on capital lease(10,314)(8,069)(205,079)
Principal payments on notes payable(82,040)(53,273)(464,526)
Note and interest payable, related party, net1,50010,6101,500
Contributions from noncontrolling equity interest in Mill JV1,950,36301,950,363
Net cash provided by financing activities1,864,509563,3749,100,030
Net change in cash and cash equivalents80,247(12,248)437,564
Cash and cash equivalents, beginning of period357,31734,0870
Cash and cash equivalents, end of period437,56421,839437,564
Supplemental disclosure of cash flow information   
Interest paid in cash, net of amount capitalized14,1197,59393,986
Common stock issued for:   
Property, plant and equipment0050,365
Mineral properties agreement00351,600
Payment of accounts payable052512,730
Acquisitions of companies, excluding cash00743,653
Capital lease obligation incurred for equipment acquired05,625184,213
Notes payable for property and equipment acquired401,7630884,397
Mineral property transferred to Golden Chest LLC00553,205
Debt relieved from sale of truck$ 2,785$ 0$ 2,785