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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
REVENUES    
Revenue - Mining $ 1,980,764 $ 5,927,174
Revenue - real estate 39,757 110,243
Total revenues 2,020,521 6,037,417
COST AND EXPENSES    
Costs applicable to mining revenue 1,415,921 3,717,911
Real estate operating costs 52,429 200,027
Exploration and mine development 2,627,592 603,194
Mine claims and costs 296,433 421,065
Environmental and reclamation 372,696 623,154
General and administrative 1,085,108 2,145,234
Total cost and expenses 5,850,179 7,710,585
LOSS FROM OPERATIONS (3,829,658) (1,673,168)
OTHER INCOME (EXPENSE)    
Interest expense (553,605) (223,673)
Other income (expense), net 331,868 3,185,955
Total other income (expense), net (221,737) 2,962,282
NET INCOME (LOSS) BEFORE INCOME TAXES (4,051,395) 1,289,114
INCOME TAXES 0 0
NET INCOME (LOSS) (4,051,395) 1,289,114
DIVIDENDS ON CONVERTIBLE PREFERRED STOCK   (898,832)
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS $ (4,051,395) $ 390,282
Net income (loss) per common share – basic (in dollars per share) $ (0.02) $ 0.01
Net income (loss) per common share – diluted (in dollars per share) $ (0.02) $ 0.01
Weighted average common shares outstanding — basic 162,851,273 82,492,914
Weighted average common shares outstanding — diluted 162,851,273 136,101,769