Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Mar. 31, 2025	Dec. 31, 2024
CURRENT ASSETS:
Cash	$ 34,976,963	$ 20,058,477
Restricted cash	236,852	257,045
Prepaid expenses and other	1,194,001	1,114,522
Income taxes receivable	649,125	649,125
Total current assets	37,056,941	22,079,169
LONG-TERM ASSETS:
Investment in Peak Gold, LLC	58,843,656	60,523,622
Property & equipment, net	50,524,348	50,577,097
Marketable securities	939,060	712,375
Total long-term assets	110,307,064	111,813,094
TOTAL ASSETS	147,364,005	133,892,263
CURRENT LIABILITIES:
Accounts payable	8,918,438	418,836
Accrued liabilities	1,882,868	2,803,598
Advance royalty reimbursement	855,063	855,548
Derivative contract liability	54,641,009	29,076,582
Debt, current portion	24,700,000	42,600,000
Total current liabilities	90,997,378	75,754,564
NON-CURRENT LIABILITIES:
Advance royalty reimbursement	104,449	217,086
Asset retirement obligations	255,769	255,769
Contingent consideration liability	1,100,480	1,100,480
Derivative contract liability	43,526,754	28,615,525
Debt non-current portion, net	31,351,920	26,369,199
Deferred tax liability	530,676	306,995
Total non-current liabilities	76,870,048	56,865,054
TOTAL LIABILITIES	167,867,426	132,619,618
COMMITMENTS AND CONTINGENCIES (NOTE 11)
STOCKHOLDERS’ EQUITY/(DEFICIT):
Preferred Stock, 15,000,000 shares authorized
Common Stock, $0.01 par value, 45,000,000 shares authorized; 12,541,962 shares issued and 12,539,482 shares outstanding as of March 31, 2025; 12,230,959 shares issued and 12,228,479 shares outstanding as of December 31, 2024	125,418	122,308
Additional paid-in capital	179,039,931	178,270,782
Treasury stock at cost (2,480 at March 31, 2025; and 2,480 shares at December 31, 2024)	(48,308)	(48,308)
Accumulated deficit	(199,620,462)	(177,072,137)
TOTAL STOCKHOLDERS’ EQUITY/(DEFICIT)	(20,503,421)	1,272,645
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY/(DEFICIT)	$ 147,364,005	$ 133,892,263