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Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
REVENUE    
Concentrate sales $ 5,007,093 $ 5,341,997
Contract processing income 2,734,822 132,110
Total revenue 7,741,915 5,474,107
OPERATING EXPENSES    
General production and project costs 5,270,126 4,493,260
Contract processing costs 242,758 46,409
Depreciation and amortization 1,030,920 1,255,897
Other operating costs 403,025 686,673
Consulting expense 89,898
Exploration expense 8,738 342,350
Legal and professional 183,816 118,908
Officers and directors fees 345,955 338,500
General and administrative 357,948 293,343
Loss on disposal of equipment 239,651 162
Forward gold contract expense (NOTE 7) 2,434,438
TOTAL OPERATING EXPENSES 10,517,375 7,665,400
LOSS FROM OPERATIONS (2,775,460) (2,191,293)
OTHER INCOME (EXPENSE)    
Interest and other income 16,144 4,198
Interest expense – equipment financing (73,022) (84,629)
Interest expense – other (123,611) (32,366)
Gain on forgiveness of CARES Act Loan 463,497
TOTAL OTHER INCOME (EXPENSE) (180,489) 350,700
NET LOSS BEFORE INCOME TAX (2,955,949) (1,840,593)
Provision (benefit) for income tax
NET LOSS $ (2,955,949) $ (1,840,593)
Basic and diluted loss per share (in Dollars per share) $ (0.11) $ (0.07)
Basic and diluted weighted average number of shares outstanding (in Shares) 26,831,603 26,723,953