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Condensed Interim Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 470,868 $ 581,022
Inventories (NOTE 4) 2,804,734 3,544,071
Prepaid expenses and other current assets 47,575 50,523
TOTAL CURRENT ASSETS 3,323,177 4,175,616
INVENTORIES (NOTE 4) 194,798
PROPERTY AND EQUIPMENT, net (NOTE 5) 4,322,411 4,368,398
MINERAL PROPERTIES AND INTERESTS, net (NOTE 6) 3,638,671 3,616,493
RECLAMATION BONDS (NOTE 3) 1,592,936 1,591,547
TOTAL ASSETS 13,071,993 13,752,054
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 361,794 159,741
Royalties and upside participation payable (NOTE 7) 3,049,930 2,843,091
Accrued interest, prepaid forward gold contract (NOTE 7) 925,358 640,742
Accrued liabilities – officers and other wages (NOTES 11 and 12) 142,159 137,159
Notes payable, current portion (NOTE 8) 58,061
Settlement of consulting contract payable (NOTE 10) 200,000 200,000
Prepaid forward gold contract liability (NOTE 7) 4,630,717 5,841,383
Due in lieu of gold deliveries (NOTE 7) 15,513,500 13,419,500
TOTAL CURRENT LIABILITIES 24,823,458 23,299,677
LONG-TERM LIABILITIES    
Asset retirement obligation (NOTE 9) 1,556,021 1,496,434
TOTAL LONG-TERM LIABILITIES 1,556,021 1,496,434
TOTAL LIABILITIES 26,379,479 24,796,111
COMMITMENTS AND CONTINGENCIES (NOTES 3, 6 AND 12)
STOCKHOLDERS’ EQUITY (DEFICIT)    
Preferred Stock, $.001 par value; 10,000,000 shares authorized, none issued or outstanding
Common Stock, $.001 par value; 100,000,000 shares authorized; 26,831,603 and 26,831,603 shares issued and outstanding, respectively 26,833 26,833
Additional paid-in capital 9,666,275 9,666,275
Accumulated deficit (23,000,594) (20,737,165)
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) (13,307,486) (11,044,057)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) $ 13,071,993 $ 13,752,054