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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
REVENUE - MINING $ 3,667,922   
REVENUE - HOSPITALITY 121,844 111,722
Total revenues 3,789,766 111,722
COST AND EXPENSES    
Costs applicable to mining revenue 3,836,097   
Hospitality operating costs 206,341 152,051
Reclamation and exploration 2,088,863 4,769,506
General and administrative 2,751,346 2,194,521
Consultants and professional fees 645,279 656,460
Total cost and expenses 9,527,926 7,772,538
LOSS FROM OPERATIONS (5,738,160) (7,660,816)
OTHER INCOME (EXPENSE)    
Change in fair value of derivative liabilities 437,814 366,800
Interest expense (463,436) (45,210)
Interest income 750 6,628
Total other income (expense), net (24,872) 328,218
NET LOSS (5,763,032) (7,332,598)
DIVIDENDS ON CONVERTIBLE PREFERRED STOCK (1,034,307) (1,105,877)
NET LOSS AVAILABLE TO COMMON SHAREHOLDERS $ (6,797,339) $ (8,438,475)
Net loss per common share - basic $ (0.13) $ (0.24)
Net loss per common share - diluted $ (0.13) $ (0.24)
Weighted average common shares outstanding - basic 51,666,399 34,770,178
Weighted average common shares outstanding - diluted 51,666,399 34,770,178