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Inventories
6 Months Ended
Jun. 30, 2017
Inventories [Abstract]  
INVENTORIES

NOTE 4 – INVENTORIES

 

The following table provides the components of inventories:

  

    June 30, 
2017
    December 31, 
2016
 
Ore on leach pad   $ 3,174,090     $ 3,051,766  
Carbon columns in process     -0-       31,214  
Dore finished goods     -0-       10,952  
Total     3,174,090       3,093,932  
                 
Less: current portion     -0-       (142,921 )
                 
Non-current inventories   $ 3,174,090     $ 2,951,011  

 

Inventories are valued at the lower of cost or net realizable value which at June 30, 2017 is cost.