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Consolidated Statements of Operations - USD ($)
6 Months Ended 12 Months Ended
Dec. 31, 2023
Jun. 30, 2023
Jun. 30, 2022
EXPENSES:      
Claim rental expense $ (255,121) $ (526,279) $ (621,298)
Exploration expense (1,815,822) (7,878,863) (8,517,938)
Depreciation expense (52,620) (136,501) (55,740)
Accretion expense (6,284) (11,860) (9,156)
Impairment from loss, net of recovery 0 (7,111) (92,777)
General and administrative expense (6,752,910) (9,091,127) (10,336,378)
Total expenses (8,882,757) (17,651,741) (19,633,287)
OTHER INCOME/(EXPENSE):      
Interest income 68,662 29,651 1,503
Interest expense (2,358,920) (1,959,666) (330,047)
Loss from equity investment in Peak Gold, LLC (NOTE 10) (6,315,595) (21,120,000) (3,706,000)
Unrealized loss on derivative contracts (23,417,781) 0 0
Other income 140,083 622,155 41,450
Insurance recoveries 0 338,301 0
Total other expense (31,883,551) (22,089,559) (3,993,094)
LOSS BEFORE INCOME TAXES (40,766,308) (39,741,300) (23,626,381)
Income tax benefit 0 0 119,731
NET LOSS $ (40,766,308) $ (39,741,300) $ (23,506,650)
NET LOSS PER SHARE      
Net loss per share, basic $ (4.44) $ (5.61) $ (3.49)
Net loss per share, diluted $ (4.44) $ (5.61) $ (3.49)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING      
Weighted average number of shares outstanding, basic 9,180,032 7,087,027 6,734,444
Weighted average number of shares outstanding, diluted 9,180,032 7,087,027 6,734,444