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FEDERAL INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2013
FEDERAL INCOME TAXES |
Schedule of components of future tax assets and liabilities |
|  | December 31, |
--- | --- | --- | ---
|  | 2013 |  | 2012 |
Deferred tax assets: |  |  |  |  |  |  |
Non-Current: |  |  |  |  |  |  |
Net operating loss carryforwards |  | $ | 63,539,000 |  | $ | 58,720,000 |
Mineral properties |  |  | 14,153,000 |  |  | 12,230,000 |
Equipment & Furniture |  |  | 127,000 |  |  | — |
Restoration Reserves |  |  | 1,303,000 |  |  | (2,681,000 | )
Derivatives |  |  | 37,000 |  |  | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred tax assets |  |  | 79,159,000 |  |  | 68,269,000 |
Valuation allowance |  |  | (78,544,000 | ) |  | (67,975,000 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net |  | $ | 615,000 |  | $ | 294,000 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred tax liabilities: |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |
Prepaids and other |  | $ | 50,000 |  | $ | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  |  | 50,000 |  |  | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-Current: |  |  |  |  |  |  |
Equipment & Furniture |  |  | (665,000 | ) |  | (294,000 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  |  | (665,000 | ) |  | (294,000 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred tax liabilities |  |  | (615,000 | ) |  | (294,000 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net deferred tax asset (liability) |  | $ | — |  | $ | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of composition of valuation allowance by tax jurisdiction |
|  | December 31, |
--- | --- | --- | ---
|  | 2013 |  | 2012 |
United States |  | $ | 78,544,000 |  | $ | 67,975,000 |
Other Countries |  |  | — |  |  | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total valuation allowance |  | $ | 78,544,000 |  | $ | 67,975,000 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of components of net loss from continuing operations before income taxes |
|  | Year ended December 31, |
--- | --- | --- | ---
|  | 2013 |  | 2012 |
United States |  | $ | (20,294,000 | ) | $ | (19,361,000 | )
Other Countries |  |  | — |  |  | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  | $ | (20,294,000 | ) | $ | (19,361,000 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of reconciliation of expected income tax on net income at statutory rates |
|  | Year ended December 31, |
--- | --- | --- | ---
|  | 2013 |  | 2012 |
Net loss |  | $ | (20,294,000 | ) | $ | (19,361,000 | )
Statutory tax rate |  |  | 34 | % |  | 34 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Tax recovery at statutory rate |  |  | (6,900,000 | ) |  | (6,583,000 | )
Change in tax rates |  |  | 636,000 |  |  | — |
Mineral property adjustments |  |  | (4,210,000 | ) |  |  |
Stock based compensation |  |  | 416,000 |  |  | — |
Operating loss carryfoward adjustment |  |  | 636,000 |  |  |  |
Nondeductible write-offs |  |  | 126,000 |  |  | — |
Change in valuation allowance |  |  | 9,296,000 |  |  | 6,583,000 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income tax expense (recovery) |  | $ | — |  | $ | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​

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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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- Definition Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Valuation Allowance -URI http://asc.fasb.org/extlink&oid=6528051 + Details
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