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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
EXPENSES:        
Claim rental expense $ (128,117) $ (126,451) $ (256,234) $ (252,903)
Exploration expense (35,788) (1,010,453) (122,432) (1,262,380)
Depreciation expense (26,996) (33,859) (53,992) (68,073)
Accretion expense (3,181) (3,021) (6,321) (5,886)
Impairment from loss, net of recovery 0 (7,111) 0 (7,111)
General and administrative expense (2,192,406) (2,510,042) (4,660,401) (4,490,963)
Total expenses (2,386,488) (3,690,937) (5,099,380) (6,087,316)
OTHER INCOME/(EXPENSE):        
Interest income 10,409 4,905 22,459 13,307
Interest expense (2,920,550) (615,979) (4,951,364) (1,063,489)
Loss from equity investment in Peak Gold, LLC (695,633) (6,720,000) (835,886) (11,810,000)
Unrealized loss on derivative contracts (12,553,491) 0 (28,178,821) 0
Other income 0 606,499 0 606,499
Total other income/(expense) (16,159,265) (6,724,575) (33,943,612) (12,253,683)
NET LOSS $ (18,545,753) $ (10,415,512) $ (39,042,992) $ (18,340,999)
NET LOSS PER SHARE        
Net loss per share, basic $ (1.9) $ (1.38) $ (4.03) $ (2.46)
Net loss per share, diluted $ (1.9) $ (1.38) $ (4.03) $ (2.46)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
Weighted average number of shares outstanding, basic 9,775,758 7,547,472 9,681,064 7,455,691
Weighted average number of shares outstanding, diluted 9,775,758 7,547,472 9,681,064 7,455,691