Property, Plant and Equipment, Net
 9 Months Ended
Sep. 30, 2012
Property, Plant and Equipment, Net [Abstract]  
Property, Plant and Equipment, Net

7. Properties, Plant and Equipment, Net

 

Properties, plant, and equipment at September 30, 2012 and December 31, 2011 consisted of the following:

 

    2012     2011  
Land and building   $ 3,560,357     $ 1,815,326  
Vehicle and equipment     5,178,178       4,421,926  
Processing and laboratory     13,610,648       1,178,195  
Furniture and fixtures     560,666       317,959  
Construction in progress     -       2,694,597  
      22,909,849       10,428,003  
Less accumulated depreciation     (2,129,984 )     (1,044,280 )
    $ 20,779,865     $ 9,383,723  

 

During the nine months ended September 30, 2012, the Company acquired significant amounts of land, building, mining and processing equipment for use in commercial mining and processing operations.