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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
EXPENSES:    
Claim rental expense $ (108,839) $ (128,117)
Exploration expense (460,003) (86,644)
Depreciation expense (33,622) (26,996)
Accretion expense 0 (3,140)
General and administrative expense (2,448,066) (2,467,995)
Total expenses (3,050,530) (2,712,892)
Income/(loss) from equity investment in Peak Gold, LLC 22,320,034 (140,253)
Total income/(loss) from operations 19,269,504 (2,853,145)
OTHER INCOME/(EXPENSE):    
Interest and other income 231,940 12,050
Interest and finance expense (2,747,712) (2,030,814)
Loss on derivative contracts (40,475,656) (15,625,330)
Gain on metal sales 1,170,820 0
Unrealized gain on marketable securities 226,460 0
Total other income/(expense) (41,594,148) (17,644,094)
Loss before income taxes (22,324,644) (20,497,239)
Income tax expense (223,681) 0
NET LOSS $ (22,548,325) $ (20,497,239)
NET LOSS PER SHARE    
Net loss per share, basic $ (1.88) $ (2.14)
Net loss per share, diluted $ (1.88) $ (2.14)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING    
Weighted average number of shares outstanding, basic 12,020,108 9,587,113
Weighted average number of shares outstanding, diluted 12,020,108 9,587,113