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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
INCOME (LOSS)        
Interest income $ 19,402 $ 151,586 $ 1,122,639 $ 277,752
Gain (loss) on marketable equity securities 3,613 (34,378) (134,943) 5,783
Loss on disposition of property, plant and equipment (30,476) (30,476)
Foreign currency gain (loss) 4,793 (184,384) 399,859 (15,912)
Total Other Income (2,668) (67,176) 1,387,555 237,147
EXPENSES        
Corporate general and administrative (Note 3) 1,580,530 1,470,362 3,918,621 3,864,897
Contingent value rights (Note 3) 7,380 262,549 262,549 46,202
Siembra Minera Project costs (Note 7) 487,380 431,819 4,700,979 1,215,266
Exploration costs 55,600 32,070 34,798 58,808
Legal and accounting 141,282 179,913 1,079,141 498,785
Arbitration and settlement (Note 3) 173,276 157,262 254,934 1,081,555
Equipment holding costs 114,851 108,450 325,101 349,355
Total Expense 2,560,299 2,642,425 10,576,123 7,114,868
Net loss before income tax (2,562,967) (2,709,601) (9,188,568) (6,877,721)
Income tax benefit (Note 10) 134,994 4,347,907 4,347,907 845,184
    Net income (loss) and comprehensive income (loss) for the period $ (2,427,973) $ 1,638,306 $ (4,840,661) $ (6,032,537)
Net income (loss) per share, basic and diluted $ (0.02) $ 0.02 $ (0.05) $ (0.06)
    Weighted average common shares outstanding, basic and diluted 99,395,048 99,395,048 99,395,048 99,395,048