Inventories

3 Months Ended

Mar. 31, 2016

Inventories [Abstract]

INVENTORIES

NOTE 4 – INVENTORIES

The following table provides the components of inventories:

	March 31,  2016		December 31,  2015
Ore on leach pad	$	2,463,599	$	2,404,657
Carbon column in process		197,051		144,512
Dore finished goods		5,789		4,638
Total	$	2,666,439	$	2,553,807

Inventories are valued at the lower of production cost or net realizable value, which at March 31, 2016 is cost.