Note 3 - Liquidity	6 Months Ended
Jun. 30, 2024
Notes To Financial Statements [Abstract]
Liquidity	3. Liquidity The Company’s cash needs going forward will primarily relate to capital calls from the Peak Gold JV, exploration of the Contango Properties, repayment of debt and related interest and general and administrative expenses of the Company. The JV Management Committee approved a significant budget to complete the required development to start the operations of the Manh Choh mine, which began production early in the third quarter of 2024. In 2024, it is anticipated that there will be $31.3 million of capital calls to the Peak Gold JV to reach production, $27.2 million of such amount has already been funded by the Company as of June 30, 2024 and the remaining $4.1 million was funded as of July 31, 2024. As of June 30, 2024, the Company has funded $74.5 million of the 2023 and 2024 capital calls to the Peak Gold JV and $78.6 million as of July 31, 2024, of which $60.0 million was funded from the Facility (as defined below). The Company believes it has sufficient capital to continue production at the Manh Choh mine, with its cash on hand and the $5.0 million of availability under the Facility. The Manh Choh mine has commenced production in July 2024 and the Project remains on track to deliver its planned production this year. The Company anticipates no further cash calls to the Peak Gold JV. Although there can be no guarantee that the Peak Gold JV will make distributions to the Company, the Company believes that distributions are probable and that it will maintain sufficient liquidity to meet its working capital requirements, including repayment obligations of approximately $29.9 million on the Facility, for the next twelve months from the date of this report. Failure to pay current debt obligations will result in an event of default and the Company's debt would be due immediately or callable (See Note 13). The Company made a $2.0 million principal payment towards the Facility in July 2024. If the Company elects to not fund a portion of its cash calls to the Peak Gold JV, its membership interest in the Peak Gold JV would be diluted. If the Company’s interest in the Peak Gold JV is diluted, the Company may not be able to fully realize its investment in the Peak Gold JV. Also, if no additional financing is obtained, the Company may not be able to fully realize its investment in the Contango Properties. The Company has limited financial resources and the ability of the Company to refinance current debt or arrange additional financing in the future will depend, in part, on the prevailing capital market conditions, the results achieved at the Peak Gold JV Property, as well as the market price of metals. The Company cannot be certain that financing will be available to the Company on acceptable terms, if at all.

Note 3 - Liquidity

6 Months Ended

Jun. 30, 2024

Notes To Financial Statements [Abstract]

3. Liquidity

The Company’s cash needs going forward will primarily relate to capital calls from the Peak Gold JV, exploration of the Contango Properties, repayment of debt and related interest and general and administrative expenses of the Company. The JV Management Committee approved a significant budget to complete the required development to start the operations of the Manh Choh mine, which began production early in the third quarter of 2024. In 2024, it is anticipated that there will be $31.3 million of capital calls to the Peak Gold JV to reach production, $27.2 million of such amount has already been funded by the Company as of June 30, 2024 and the remaining $4.1 million was funded as of July 31, 2024. As of June 30, 2024, the Company has funded $74.5 million of the 2023 and 2024 capital calls to the Peak Gold JV and $78.6 million as of July 31, 2024, of which $60.0 million was funded from the Facility (as defined below). The Company believes it has sufficient capital to continue production at the Manh Choh mine, with its cash on hand and the $5.0 million of availability under the Facility. The Manh Choh mine has commenced production in July 2024 and the Project remains on track to deliver its planned production this year. The Company anticipates no further cash calls to the Peak Gold JV. Although there can be no guarantee that the Peak Gold JV will make distributions to the Company, the Company believes that distributions are probable and that it will maintain sufficient liquidity to meet its working capital requirements, including repayment obligations of approximately $29.9 million on the Facility, for the next twelve months from the date of this report. Failure to pay current debt obligations will result in an event of default and the Company's debt would be due immediately or callable (See Note 13). The Company made a $2.0 million principal payment towards the Facility in July 2024. If the Company elects to not fund a portion of its cash calls to the Peak Gold JV, its membership interest in the Peak Gold JV would be diluted. If the Company’s interest in the Peak Gold JV is diluted, the Company may not be able to fully realize its investment in the Peak Gold JV. Also, if no additional financing is obtained, the Company may not be able to fully realize its investment in the Contango Properties. The Company has limited financial resources and the ability of the Company to refinance current debt or arrange additional financing in the future will depend, in part, on the prevailing capital market conditions, the results achieved at the Peak Gold JV Property, as well as the market price of metals. The Company cannot be certain that financing will be available to the Company on acceptable terms, if at all.