Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Financial Information Relating to Reportable Operating Segments and Reconciliation to Condensed Consolidated Totals

	Year Ended
	December 31,
	2012			2011			2010
Revenues
Mining	$	4,504,457		$	-		$	-
Hospitality		634,159			473,386			-
Total revenues		5,138,616			473,386			-

Cost and Expenses
Mining	$	(34,529,353	)	$	(15,457,888	)	$	(7,063,816	)
Hospitality		(928,897	)		(570,039	)		-
Total cost and expenses		(35,458,250	)		(16,027,927	)		(7,063,816	)

Operating Loss
Mining	$	(30,024,896	)	$	(15,457,888	)	$	(7,063,816	)
Hospitality		(294,738	)		(96,653	)		-
Total loss from operations		(30,319,634	)		(15,554,541	)		(7,063,816	)

Other income (expense), net		(442,639	)		3,872,229			(53,262,603	)

Loss before income taxes	$	(30,762,273	)	$	(11,682,312	)	$	(60,326,419	)

Capital Expenditures
Mining	$	15,639,241		$	9,217,547		$	1,101,515
Hospitality		301,000			1,087,622			-
Total capital expenditures	$	15,940,241		$	10,305,169		$	1,101,515

Depreciation, Depletion and Amortization
Mining	$	2,380,251		$	199,287		$	131,785
Hospitality		122,896			70,262			-
Total depreciation, depletion and amortization	$	2,503,147		$	269,549		$	131,785

	As of December 31,
	2012		2011		2010
Assets
Mining	$	46,606,912	$	25,824,143	$	37,121,524
Hospitality		1,257,633		1,150,009		-
	$	47,864,545	$	26,974,152	$	37,121,524

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details