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Liquidity | 9 Months Ended
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Sep. 30, 2013
Nature Of Operations And Basis Of Presentation [Abstract] |
Liquidity and Capital Resources Disclosure [Text Block] | 2. Liquidity These unaudited condensed consolidated financial statements have been prepared on a going concern basis under which an entity is considered to be able to realize its assets and satisfy its liabilities in the normal course of business. Accordingly, the continuing operations of the Company are dependent upon our ability to secure sufficient funding and to generate future profits from operations. The underlying value and recoverability of the amounts shown as mineral properties, plant and equipment, assets held for sale, investments and other property interests in the consolidated balance sheets are also dependent on our ability to generate positive cash flow from operations and to continue to fund exploration and development activities that would lead to profitable production or proceeds from the disposition of these assets. There can be no assurance that we will be successful in generating future profitable operations, disposing of these assets or securing additional funding in the future on terms acceptable to us or at all. These unaudited condensed consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded assets or liabilities which might be necessary should we not be able to continue as a going-concern. Management is strongly committed to careful cash management and maintaining liquidity. The Company’s cash burn rate has been dramatically reduced since the first half of the year as several cash intensive programs such as water treatment, environmental impact statement, and preliminary feasibility study have been completed. In addition, several significant cost cutting measures have been introduced including a reduction of management positions, significant reductions in cash compensation for executives, senior management and the Company’s Board of Directors, and the delay or elimination of all discretionary programs, including exploration activities. Other aggressive cost cutting measures, particularly at Mt. Todd, are being pursued. We continue to advance several important value-adding initiatives, including the authorization process for the Mt. Todd project environmental impact statement, none of which are capital intensive. The Company’s cash burn rate is expected to be reduced to approximately $3,250 for the fourth quarter of 2013, with further reductions to $2,500 to $3,000 per quarter planned for 2014, assuming a normal wet season in the Northern Territory. Subsequent to the period end (Note 16), as a result of the sale of the Los Cardones gold project, the Company reduced its debt from approximately $9,700 to approximately $6,700, and expects to reduce the debt by a further $3,000 (to approximately $3,700) in January 2014, subject to the receipt of a $6,000 final payment (to be made to us at the purchaser’s option) from the sale of the Los Cardones gold project. We believe that our current cash position, together with the proceeds from the sale of the Los Cardones gold project (Note 16) will be sufficient to fund the Company through the third quarter of 2014, subject to the $6,000 final payment to be made to us at the purchaser’s option. In addition, t he Company will continue to seek other financing sources with priority given to non-dilutive sources such as sale of our used mill equipment and monetization of other non-core assets. However, there can be no assurance that we will be able to timely monetize the non-core assets at a value acceptable to us or at all. The Company also believes that given its ability to liquidate all or a portion of its Other Investments (Note 5), if necessary, it will have access to sufficient financing to fully repay its debt, and to fund operations well into 2015.

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- Definition Disclosure of liquidity and capital resource-related matters during the reporting period. This section includes information related to future cash usage and related changes to future spending as well as sources of potential financing. + References No definition available. + Details
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