2012 Q4 Form 10-K Financial Statement

#000114420413015865 Filed on March 18, 2013

View on sec.gov

Income Statement

Concept 2012 Q4 2012 2011 Q4
Revenue $4.662M $5.139M $174.1K
YoY Change 2576.91% 985.5%
Cost Of Revenue $3.850M $4.480M $180.0K
YoY Change 2038.89% 685.96%
Gross Profit $726.4K $660.0K -$76.75K
YoY Change -1046.56% -760.0%
Gross Profit Margin 15.58% 12.84% -44.07%
Selling, General & Admin $2.940M $12.67M $1.480M
YoY Change 98.65% 112.58% 102.74%
% of Gross Profit 404.72% 1919.7%
Research & Development $3.680M $18.31M $1.830M
YoY Change 101.09% 92.74% 13.66%
% of Gross Profit 506.58% 2774.24%
Depreciation & Amortization $1.190M $2.503M $150.0K
YoY Change 693.33% 828.64% -400.0%
% of Gross Profit 163.81% 379.26%
Operating Expenses $6.610M $30.98M $3.460M
YoY Change 91.04% 100.39% 60.19%
Operating Profit -$5.800M -$30.32M -$3.470M
YoY Change 67.12% 94.92% 60.67%
Interest Expense $310.0K $929.8K $950.0K
YoY Change -67.37% 1053.21% -121.74%
% of Operating Profit
Other Income/Expense, Net $30.00K -$442.6K $20.00K
YoY Change 50.0% -111.43% -102.47%
Pretax Income -$5.460M -$30.76M -$2.500M
YoY Change 118.4% 163.32% -92.58%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$5.455M -$30.76M -$2.503M
YoY Change 117.97% 165.05% -92.57%
Net Earnings / Revenue -117.02% -598.65% -1437.19%
Basic Earnings Per Share -$0.13 -$0.87 -$0.11
Diluted Earnings Per Share -$0.13 -$0.87 -$0.11
COMMON SHARES
Basic Shares Outstanding 43.56M 40.50M shares
Diluted Shares Outstanding 40.50M shares

Balance Sheet

Concept 2012 Q4 2012 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.970M $5.970M $9.170M
YoY Change -34.9% -34.9% -69.22%
Cash & Equivalents $5.973M $5.970M $6.955M
Short-Term Investments $0.00 $0.00 $2.210M
Other Short-Term Assets $2.810M $2.810M $1.840M
YoY Change 52.72% 52.72% -9.8%
Inventory $662.9K $4.940M
Prepaid Expenses $1.842M
Receivables $634.6K $630.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $14.36M $14.36M $11.01M
YoY Change 30.44% 30.43% -65.42%
LONG-TERM ASSETS
Property, Plant & Equipment $20.49M $28.11M $9.384M
YoY Change 118.37% 97.26% 122.36%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $84.64K $5.400M $164.7K
YoY Change -48.63% 215.79% -84.46%
Total Long-Term Assets $33.50M $33.50M $15.97M
YoY Change 109.86% 109.9% 202.29%
TOTAL ASSETS
Total Short-Term Assets $14.36M $14.36M $11.01M
Total Long-Term Assets $33.50M $33.50M $15.97M
Total Assets $47.86M $47.86M $26.97M
YoY Change 77.45% 77.46% -27.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.536M $2.540M $1.755M
YoY Change 44.47% 44.32% 114.07%
Accrued Expenses $7.361M $7.360M $4.151M
YoY Change 77.3% 77.35% 4.31%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $7.721M $7.720M $138.2K
YoY Change 5484.84% 5414.29% -82.05%
Total Short-Term Liabilities $18.16M $18.16M $6.045M
YoY Change 200.44% 200.17% 8.53%
LONG-TERM LIABILITIES
Long-Term Debt $6.011M $6.010M $1.299M
YoY Change 362.79% 362.31% 91.01%
Other Long-Term Liabilities $700.0K $5.300M
YoY Change 74.92%
Total Long-Term Liabilities $11.31M $11.31M $4.331M
YoY Change 161.07% 161.2% -37.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.16M $18.16M $6.045M
Total Long-Term Liabilities $11.31M $11.31M $4.331M
Total Liabilities $29.47M $29.47M $10.38M
YoY Change 184.01% 183.91% -16.72%
SHAREHOLDERS EQUITY
Retained Earnings -$157.6M -$126.9M
YoY Change 24.25%
Common Stock $32.28K $19.31K
YoY Change 67.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $18.39M $18.39M $16.60M
YoY Change
Total Liabilities & Shareholders Equity $47.86M $47.86M $26.97M
YoY Change 77.45% 77.46% -27.33%

Cashflow Statement

Concept 2012 Q4 2012 2011 Q4
OPERATING ACTIVITIES
Net Income -$5.455M -$30.76M -$2.503M
YoY Change 117.97% 165.05% -92.57%
Depreciation, Depletion And Amortization $1.190M $2.503M $150.0K
YoY Change 693.33% 828.64% -400.0%
Cash From Operating Activities -$4.640M -$22.41M -$2.240M
YoY Change 107.14% 92.42% -33.33%
INVESTING ACTIVITIES
Capital Expenditures -$690.0K $13.37M -$4.600M
YoY Change -85.0% 71.38% 9100.0%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $450.0K -$260.9K $840.0K
YoY Change -46.43% -119.18%
Cash From Investing Activities -$230.0K -$10.89M -$3.760M
YoY Change -93.88% 81.63% -15.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $9.300M $24.35M
YoY Change
Debt Paid & Issued, Net $968.0K
YoY Change 23.74%
Cash From Financing Activities 7.670M $32.33M -10.00K
YoY Change -76800.0% -4232.18% -100.03%
NET CHANGE
Cash From Operating Activities -4.640M -$22.41M -2.240M
Cash From Investing Activities -230.0K -$10.89M -3.760M
Cash From Financing Activities 7.670M $32.33M -10.00K
Net Change In Cash 2.800M -$981.9K -6.010M
YoY Change -146.59% -94.67% -123.77%
FREE CASH FLOW
Cash From Operating Activities -$4.640M -$22.41M -$2.240M
Capital Expenditures -$690.0K $13.37M -$4.600M
Free Cash Flow -$3.950M -$35.78M $2.360M
YoY Change -267.37% 83.99% -171.3%

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CY2009Q4 us-gaap Mine Reclamation And Closing Liability Noncurrent
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1186966 USD
CY2012 us-gaap Nature Of Operations
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<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong>1. Nature of Business</strong></p> <p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">&nbsp;</p> <p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> Comstock Mining Inc. is a producing, Nevada-based gold and silver mining company with extensive, contiguous property in the historic Comstock and Silver City mining districts (collectively, the "Comstock District"). The Comstock District is located within the western portion of the Basin and Range Province of Nevada, between Reno and Carson City, Nevada. Our Lucerne Resource area is located in Storey County, Nevada, approximately three miles south of Virginia City, Nevada and 30 miles southeast of Reno, Nevada. The Company also operates the Gold Hill Hotel located in Gold Hill, Nevada between Virginia City and the Comstock Mine Project. As used in the notes to the consolidated financial statements, we refer to Comstock Mining Inc., and its wholly owned subsidiaries as "we," "us," "our," or "Company."</p> <p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &nbsp;</p> <p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> We continue acquiring additional properties in the Comstock District, expanding our footprint and creating opportunities for exploration and mining. The Company now owns or controls approximately 5,900 acres of mining claims and parcels in the Comstock and Silver City Districts. The acreage is comprised of approximately 1,350 acres of patented claims (private lands) and surface parcels (private lands) and approximately 4,550 acres of unpatented mining claims, which the Bureau of Land Management, ("BLM") administers.</p> <!--EndFragment--></div> </div>
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CY2012 us-gaap Net Cash Provided By Used In Operating Activities
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CY2010 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2012Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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3872229 USD
CY2012 us-gaap Nonoperating Income Expense
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-442639 USD
CY2012 us-gaap Number Of Operating Segments
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2
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CY2011 us-gaap Operating Income Loss
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-15554541 USD
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
-30319634 USD
CY2011Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-3137293 USD
CY2011Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-5314059 USD
CY2011Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-3632808 USD
CY2011Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-3470381 USD
CY2012Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-7660816 USD
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-9053222 USD
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-7805878 USD
CY2012Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-5799718 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
32849900 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
938100 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
945500 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
940500 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
937900 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
932900 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
28155000 USD
CY2010 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
472654 USD
CY2011 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
2155950 USD
CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
2010547 USD
CY2012Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
120370000 USD
CY2012 us-gaap Operating Loss Carryforwards Expiration Dates
OperatingLossCarryforwardsExpirationDates
2023
CY2012Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2003535 USD
CY2011Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
290070 USD
CY2012Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
84635 USD
CY2011Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
164741 USD
CY2012Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
700000 USD
CY2011Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
USD
CY2010 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-45020 USD
CY2011 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
USD
CY2012 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
USD
CY2010 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-169247 USD
CY2011 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
15785 USD
CY2012 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
31370 USD
CY2012Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
785793 USD
CY2011Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
264935 USD
CY2010 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
USD
CY2011 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
USD
CY2010 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
4850000 USD
CY2012 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.075
CY2010 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1276902 USD
CY2011 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
4696766 USD
CY2012 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
4370247 USD
CY2012 us-gaap Preferred Stock Per Share Amounts Of Preferred Dividends In Arrears
PreferredStockPerShareAmountsOfPreferredDividendsInArrears
0.05
CY2012Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000
CY2011Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000
CY2011 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
USD
CY2012Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2808623 USD
CY2011Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1842479 USD
CY2012Q4 us-gaap Prepaid Rent
PrepaidRent
2022830 USD
CY2011Q4 us-gaap Prepaid Rent
PrepaidRent
1577544 USD
CY2012 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-260944 USD
CY2010 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
USD
CY2011 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
USD
CY2012 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
100000 USD
CY2010 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
USD
CY2011 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
USD
CY2012 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
658078 USD
CY2012Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1900000 USD
CY2012Q4 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1000000 USD
CY2010 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
4410237 USD
CY2011 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
2205000 USD
CY2012 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
USD
CY2010 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
USD
CY2011 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
500000 USD
CY2012 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
USD
CY2010 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
376515 USD
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7799058 USD
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13366348 USD
CY2012 us-gaap Preferred Stock Amount Of Preferred Dividends In Arrears
PreferredStockAmountOfPreferredDividendsInArrears
2200000 USD
CY2010 us-gaap Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
131785 USD
CY2011 us-gaap Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
269548 USD
CY2012 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong>Depreciation and Amortization Presentation</strong> - As the Company commenced production late in 2012, the Company began classifying depreciation, depletion, and amortization expenses related to revenue generating assets into costs applicable to mining revenue. Depreciation, depletion, and amortization expenses not associated with revenue generating assets is now allocated to reclamation and exploration expenses, general and administrative expenses and hospitality operating costs based on the function of the associated asset. Consequently, certain amounts in prior years have been reclassified to conform to the current period presentation. In prior periods all depreciation and amortization expenses were recorded within a separate depreciation and amortization line item. Depreciation and amortization expenses previously recorded in 2011 and 2010 were $269,548 and $131,785, respectively. These amounts have been reclassified as reclamation and exploration expenses, general and administrative expenses and hospitality operating costs based on the function of the associated asset. These amounts were primarily reclassified to the reclamation and exploration expenses line item. We believe this change in presentation provides increased transparency and improved comparability of our costs applicable to mining revenue and other operating expenses. These reclassifications had no effect on reported consolidated loss from operations, net loss, or per share amounts.</p> <!--EndFragment--></div> </div>
CY2012 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
USD
CY2010 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
USD
CY2011 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
USD
CY2012 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
24349203 USD
CY2012Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
17250000 USD
CY2012Q4 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
9300000 USD
CY2010 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
USD
CY2011 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
USD
CY2012 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
9702500 USD
CY2010 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
35749400 USD
CY2011 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
USD
CY2012 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
USD
CY2010 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
USD
CY2011 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
4403950 USD
CY2012 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
2211287 USD
CY2010 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
550000 USD
CY2011 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
102000 USD
CY2012 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
USD
CY2010 us-gaap Professional Fees
ProfessionalFees
1021238 USD
CY2011 us-gaap Professional Fees
ProfessionalFees
1481835 USD
CY2012 us-gaap Professional Fees
ProfessionalFees
3391379 USD
CY2012Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
23452020 USD
CY2011Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
10428003 USD
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
20491070 USD
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9383723 USD
CY2012Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
12800760 USD
CY2011Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
1178195 USD
CY2012Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
1350000 USD
CY2011Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
USD
CY2010 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
762590 USD
CY2011 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
782290 USD
CY2012 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
968006 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-157623315 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-126861042 USD
CY2010 us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
USD
CY2011 us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
473386 USD
CY2012 us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
634159 USD
CY2011 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
3864146 USD
CY2010 us-gaap Stockholders Equity Other
StockholdersEquityOther
39482123 USD
CY2011 us-gaap Stockholders Equity Other
StockholdersEquityOther
638276 USD
CY2010 us-gaap Revenues
Revenues
USD
CY2011 us-gaap Revenues
Revenues
473386 USD
CY2012 us-gaap Revenues
Revenues
5138616 USD
CY2011Q1 us-gaap Revenues
Revenues
USD
CY2011Q2 us-gaap Revenues
Revenues
120175 USD
CY2011Q3 us-gaap Revenues
Revenues
179071 USD
CY2011Q4 us-gaap Revenues
Revenues
174140 USD
CY2012Q1 us-gaap Revenues
Revenues
111722 USD
CY2012Q2 us-gaap Revenues
Revenues
182523 USD
CY2012Q3 us-gaap Revenues
Revenues
182792 USD
CY2012Q4 us-gaap Revenues
Revenues
4661579 USD
CY2012 us-gaap Stockholders Equity Other
StockholdersEquityOther
1242927 USD
CY2011 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
3864146 USD
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
6000000
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
18394562 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
16597675 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
24666005 USD
CY2009Q4 us-gaap Stockholders Equity
StockholdersEquity
-27173284 USD
CY2011 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
430000 USD
CY2012 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
444700 USD
CY2010 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
34000 USD
CY2011 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
8125 USD
CY2011 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1931999 USD
CY2012 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
2466750 USD
CY2010 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
835483 USD
CY2012 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
75000 USD
CY2012 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
USD
CY2010 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
19725 USD
CY2011 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
980000 USD
CY2010 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2156149 USD
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
USD
CY2010 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-2869504 USD
CY2012 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
438519 USD
CY2010 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-23475749 USD
CY2012 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
438519 USD
CY2012 us-gaap Use Of Estimates
UseOfEstimates
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong>Use of Estimates -</strong> In preparing financial statements in conformity with generally accepted accounting principles, we are required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenditures during the reported periods. Actual results could differ materially from those estimates. Estimates may include those pertaining to the estimated useful lives and valuation of plant and equipment, mineral rights, deferred tax assets, convertible debentures, convertible preferred stock, embedded derivatives and derivative liabilities, estimated reclamation liabilities, stock-based compensation and payments, inventories and stockpiles and mineralized material on leach pads, and contingent liabilities<font style="COLOR: black">.</font></p> <!--EndFragment--></div> </div>
CY2010 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
20302000 USD
CY2011 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
3897000 USD
CY2012 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
10467000 USD
CY2010 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
CY2011 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
CY2012 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
CY2010 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19383007
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24640774
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40497098
CY2010 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19383007
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24640774
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40497098

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