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Statement of Cash Flows (USD $)
3 Months Ended 188 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Cash flows from operating activities:      
Net income (loss) $ (323,022) $ (2,620) $ (7,559,587)
Adjustments to reconcile net loss to net cash provided (used) by operating activities:      
Depreciation and amortization 31,005 14,687 854,718
(Gain) loss on sale of equipment 0 (12,895) (36,721)
Write-off of goodwill and investment 0 0 120,950
Gain on sale of mineral property 0 0 (281,334)
Gain on sale of marketable equity security 0 0 (92,269)
Accretion of asset retirement obligation 288 868 8,095
Equity in loss of Golden Chest LLC 403,940 0 403,940
Operating common stock issued for:      
Management and directors' fees 0 0 1,169,335
Services and other 0 0 255,874
Exploration 0 0 96,521
Mineral property agreement 0 0 15,000
Change in:      
Deposits 44,280 0 0
Inventory (942) (335) (19,353)
Joint venture receivables (71,280) (149,333) (202,996)
Other current assets 34,835 6,992 (20,607)
Other assets 0 0 (778)
Accounts payable (5,996) 98,465 131,808
Accrued payroll and related payroll expense 18,322 40,745 72,689
Accounts payable joint venture and related party 137,662 0 137,662
Accrued reclamation costs 0 0 (1,443)
Net cash provided (used) by operating activities 269,092 (3,426) (4,948,496)
Cash flows from investing activities:      
Purchases of property, plant and equipment (552,755) (588,604) (3,905,298)
Deposit on equipment purchase 0 (310,820) 0
Purchase (sales)of mineral property 0 (10,000) (3,904)
Proceeds from sale of mineral property 0 0 240,000
Deposit received on sale of mineral property 0 0 320,000
Contribution to Golden Chest LLC (450,000) 0 (450,000)
Proceeds from sale of equipment 0 12,676 49,174
Redemption (purchase) of reclamation bonds 0 (110) (120,500)
Purchase of marketable equity security 0 0 (7,500)
Proceeds from sales of marketable equity securities 0 0 95,901
Cash of acquired companies 0 0 38,269
Deferral of development costs 0 0 (759,209)
Net cash provided (used) by investing activities (1,002,755) (896,858) (4,503,067)
Cash flows from financing activities:      
Exercise of stock purchase warrants 0 0 2,571,536
Sales of common stock, net of issuance costs 0 0 5,246,236
Principal payments on capital lease (7,726) (3,316) (220,235)
Principal payments on notes payable (26,157) (18,035) (516,466)
Note and interest payable, related party, net 0 0 1,500
Contributions from noncontrolling equity interest in Mill JV 322,000 989,420 2,536,435
Net cash provided by financing activities 288,117 968,069 9,619,006
Net change in cash and cash equivalents (445,546) 67,785 167,443
Cash and cash equivalents, beginning of period 612,989 357,317 0
Cash and cash equivalents, end of period 167,443 425,102 167,443
Supplemental disclosure of cash flow information      
Interest paid in cash, net of amount capitalized 0 1,522 93,986
Common stock issued for:      
Property, plant and equipment 0 0 50,365
Mineral properties agreement 0 0 351,600
Payment of accounts payable 0 0 18,730
Acquisitions of companies, excluding cash 0 0 743,653
Capital lease obligation incurred for equipment acquired 0 0 275,838
Notes payable for property and equipment acquired 0 62,613 884,397
Mineral property transferred to Golden Chest LLC 0 0 553,205
Debt relieved from sale of truck $ 0 $ 2,785 $ 2,785