Properties, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2012

Properties, Plant and Equipment, Net [Abstract]

9. Properties, Plant and Equipment, Net

Properties, plant and equipment at December 31, 2012 and 2011 consisted of the following:

	2012			2011
Land and building	$	3,648,437		$	1,815,326
Vehicle and equipment		6,440,246			4,421,926
Processing and laboratory		12,800,760			1,178,195
Furniture and fixtures		562,577			317,959
Construction in progress		-			2,694,597
		23,452,020			10,428,003
Less accumulated depreciation		(2,960,950	)		(1,044,280	)
	$	20,491,070		$	9,383,723

During the year ended December 31, 2012, the Company acquired significant amounts of land, building, mining and processing equipment for use in commercial mining and processing operations.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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