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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
REVENUES        
Revenue - mining $ 1,106,196 $ 4,301,169 $ 4,544,951 $ 15,670,371
Revenue - real estate 28,599 43,904 101,641 200,411
Total revenues 1,134,795 4,345,073 4,646,592 15,870,782
COST AND EXPENSES        
Costs applicable to mining revenue 829,558 3,450,311 3,507,795 10,388,054
Real estate operating costs 31,367 42,549 176,120 303,843
Exploration and mine development 589,351 1,505,492 4,027,859 2,639,346
Mine claims and costs 358,886 327,352 929,196 1,041,580
Environmental and reclamation 296,493 533,240 1,026,427 1,545,184
Land and road development 56,424 818,474 77,328 1,680,720
General and administrative 640,162 1,637,313 2,667,298 5,095,306
Total cost and expenses 2,802,241 8,314,731 12,412,023 22,694,033
LOSS FROM OPERATIONS (1,667,446) (3,969,658) (7,765,431) (6,823,251)
OTHER INCOME (EXPENSE)        
Interest expense (165,212) (337,700) (603,307) (891,824)
Other income (expense), net (360,543) 0 (730,642) 3,187,385
Total other income (expense), net (525,755) (337,700) (1,333,949) 2,295,561
NET INCOME (LOSS) BEFORE INCOME TAXES (2,193,201) (4,307,358) (9,099,380) (4,527,690)
INCOME TAXES 0 0 0 0
NET INCOME (LOSS) (2,193,201) (4,307,358) (9,099,380) (4,527,690)
DIVIDENDS ON CONVERTIBLE PREFERRED STOCK 0 (3,644,888) 0 (5,452,445)
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS $ (2,193,201) $ (7,952,246) $ (9,099,380) $ (9,980,135)
Net income (loss) per common share – basic (in dollars per share) $ (0.01) $ (0.07) $ (0.05) $ (0.11)
Net income (loss) per common share – diluted (in dollars per share) $ (0.01) $ (0.07) $ (0.05) $ (0.11)
Weighted average common shares outstanding — basic 182,134,873 112,133,768 174,173,436 94,036,959
Weighted average common shares outstanding — diluted 182,134,873 112,133,768 174,173,436 94,036,959