XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Interim Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
REVENUE    
Concentrate sales $ 738,283 $ 792,934
Contract processing income 474,188
Total revenue 738,283 1,267,122
OPERATING EXPENSES    
General production and project costs 1,380,782 1,227,726
Contract processing costs 40,705
Depreciation and amortization 163,184 314,688
Other operating costs 66,484 114,915
Legal and professional 66,610 67,771
Officers and directors’ fees 92,023 87,889
General and administrative 70,283 111,780
Gain on disposal of equipment (5,669)
Forward gold contract expense (NOTE 7) 883,334 576,444
TOTAL OPERATING EXPENSES 2,717,031 2,541,918
LOSS FROM OPERATIONS (1,978,748) (1,274,796)
OTHER INCOME (EXPENSE)    
Interest and other income 1,390 26
Interest expense – equipment financing (1,399) (6,291)
Interest expense - other (284,672) (56,166)
TOTAL OTHER INCOME (EXPENSE) (284,681) (62,431)
NET LOSS BEFORE INCOME TAX (2,263,429) (1,337,227)
Provision (benefit) for income tax
NET LOSS $ (2,263,429) $ (1,337,227)
Basic and diluted loss per share (in Dollars per share) $ (0.08) $ (0.05)
Basic and diluted weighted average number of shares outstanding (in Shares) 26,831,603 26,831,603