Inventories

3 Months Ended

Mar. 31, 2017

Inventories [Abstract]

INVENTORIES

NOTE 4 – INVENTORIES

The following table provides the components of inventories:

	March 31,  2017			December 31,  2016
Ore on leach pad	$	3,116,252		$	3,051,766
Carbon column in process		31,865			31,214
Dore finished goods		-0-			10,952
Total		3,148,117			3,093,932
Less: current portion		(135,278	)		(142,921	)
Non-current inventories	$	3,012,839		$	2,951,011

Inventories are valued at the lower of cost or net realizable value which at March 31, 2017 is cost.