Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
CURRENT ASSETS:
Cash	$ 7,618,414	$ 15,504,819
Restricted cash	233,501	232,572
Prepaid expenses and other	1,189,852	1,112,910
Total current assets	9,041,767	16,850,301
LONG-TERM ASSETS:
Investment in Peak Gold, LLC	43,374,152	28,064,405
Property & equipment, net	13,306,851	13,326,347
Commitment fee	436,333	350,575
Total long-term assets	57,117,336	41,741,327
TOTAL ASSETS	66,159,103	58,591,628
CURRENT LIABILITIES:
Accounts payable	420,850	250,739
Accrued liabilities	1,117,107	2,241,087
Derivative contract liability	9,494,487	2,679,784
Debt, current portion	21,700,000	7,900,000
Total current liabilities	32,732,444	13,071,610
NON-CURRENT LIABILITIES:
Advance royalty reimbursement	1,200,000	1,200,000
Asset retirement obligations	249,367	246,227
Contingent consideration liability	1,100,480	1,100,480
Derivative contract liability	29,548,624	20,737,997
Debt, net	35,378,008	36,779,859
Total non-current liabilities	67,476,479	60,064,563
TOTAL LIABILITIES	100,208,923	73,136,173
COMMITMENTS AND CONTINGENCIES (NOTE 12)
STOCKHOLDERS’ EQUITY/(DEFICIT):
Preferred Stock, 15,000,000 shares authorized
Common Stock, $0.01 par value, 45,000,000 shares authorized; 9,616,084 shares issued and 9,613,604 shares outstanding as of March 31, 2024; 9,454,233 shares issued and 9,451,753 shares outstanding as of December 31, 2023	96,160	94,542
Additional paid-in capital	125,441,413	124,451,067
Treasury stock at cost (2,480 at March 31, 2024; and 2,480 shares at December 31, 2023)	(48,308)	(48,308)
Accumulated deficit	(159,539,085)	(139,041,846)
TOTAL STOCKHOLDERS’ EQUITY/(DEFICIT)	(34,049,820)	(14,544,545)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY/(DEFICIT)	$ 66,159,103	$ 58,591,628