Note 5 - Investment in the Peak Gold JV (Tables)

3 Months Ended

Mar. 31, 2025

Roll-forward of Equity Method Investment [Table Text Block]

The following table is a roll-forward of the Company’s investment in the Peak Gold JV as of March 31, 2025:

	Investment
	in Peak Gold, LLC
Investment balance at December 31, 2023	$	28,064,405
Investment in Peak Gold, LLC		15,450,000
Loss from equity investment in Peak Gold, LLC		(140,253	)
Investment balance at March 31, 2024	$	43,374,152
Investment in Peak Gold, LLC		11,790,000
Loss from equity investment in Peak Gold, LLC		(695,633	)
Investment balance at June 30, 2024	$	54,468,519
Investment in Peak Gold, LLC		4,050,000
Distributions received from Peak Gold, LLC		(19,500,000	)
Income from equity investment in Peak Gold, LLC		28,525,857
Investment balance at September 30, 2024	$	67,544,376
Distributions received from Peak Gold, LLC		(21,000,000	)
Income from equity investment in Peak Gold, LLC		13,979,245
Investment balance at December 31, 2024	$	60,523,622
Distributions received from Peak Gold, LLC		(24,000,000	)
Income from equity investment in Peak Gold, LLC		22,320,034
Investment balance at March 31, 2025	$	58,843,656

The Joint Venture Company [Member]

Summarized Income Statement of Equity Method Investment [Table Text Block]

The following table presents the condensed unaudited results of operations for the Peak Gold JV for the three month periods ended March 31, 2025 and 2024 in accordance with US GAAP:

	Three Months Ended			Three Months Ended
	March 31, 2025			March 31, 2024
Revenue	$	168,229,394		$	—
Cost of sales		(78,622,724	)		—
Gross profit		89,606,670			—
Other expenses		(15,206,557	)		(467,510	)
Net Income/(Loss)	$	74,400,113		$	(467,510	)