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Condensed Interim Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
REVENUE        
Concentrate sales $ 1,242,095 $ 940,151 $ 2,035,029 $ 2,311,281
Contract processing income 497,241 675,640 971,429 1,436,495
Total revenue 1,739,336 1,615,791 3,006,458 3,747,776
OPERATING EXPENSES        
General production and project costs 1,422,412 850,840 2,650,138 2,959,742
Contract processing costs 30,509 65,196 71,214 143,144
Depreciation and amortization 179,433 237,424 494,121 494,230
Other operating costs 148,815 102,557 263,730 135,161
Exploration expense   4,997   4,997
Legal and professional 23,150 41,005 90,921 113,436
Officers and directors fees 84,658 78,371 172,547 167,665
General and administrative 69,121 120,966 180,901 195,545
Loss on disposal of equipment 18,468 30,081 18,468 234,164
Forward gold contract expense (NOTE 7) 883,333 576,444 1,459,777 1,281,550
TOTAL OPERATING EXPENSES 2,859,899 2,107,881 5,401,817 5,729,634
LOSS FROM OPERATIONS (1,120,563) (492,090) (2,395,359) (1,981,858)
OTHER INCOME (EXPENSE)        
Interest and other income 30 40 56 40
Interest expense – equipment financing (5,224) (29,415) (11,515) (52,878)
Interest expense - other (176,808) (3,612) (232,974) (34,845)
TOTAL OTHER INCOME (EXPENSE) (182,002) (32,987) (244,433) (87,683)
NET LOSS BEFORE INCOME TAX (1,302,565) (525,077) (2,639,792) (2,069,541)
Provision (benefit) for income tax
NET LOSS $ (1,302,565) $ (525,077) $ (2,639,792) $ (2,069,541)
Basic and diluted loss per share (in Dollars per share) $ (0.05) $ (0.02) $ (0.1) $ (0.08)
Basic and diluted weighted average number of shares outstanding (in Shares) 26,831,603 26,831,603 26,831,603 26,831,603