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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
EXPENSES:        
Claim rental expense $ (126,452) $ (157,162) $ (399,828) $ (464,135)
Exploration expense (251,927) (1,987,345) (6,868,410) (4,153,027)
Depreciation expense (34,214) (10,239) (102,642) (23,954)
Accretion expense (2,865) (2,723) (8,839) (6,283)
Impairment from casualty loss, net of recovery 0 (41,249) 0 (41,249)
General and administrative expense (1,980,921) (3,228,096) (6,581,085) (7,995,029)
Total expenses (2,396,379) (5,426,814) (13,960,804) (12,683,677)
OTHER INCOME/(EXPENSE):        
Interest income 8,402 319 24,746 1,310
Interest expense (447,510) (3,103) (1,343,687) (6,483)
Loss from equity investment in Peak Gold, LLC (Note 5) (5,090,000) (1,518,000) (14,400,000) (3,706,000)
Insurance recoveries 0 0 338,301 0
Other income 0 0 15,656 0
Total other income/(expense) (5,529,108) (1,520,784) (15,364,984) (3,711,173)
LOSS BEFORE TAXES (7,925,487) (6,947,598) (29,325,788) (16,394,850)
Income tax benefit 0 119,731 0 119,731
NET LOSS $ (7,925,487) $ (6,827,867) $ (29,325,788) $ (16,275,119)
LOSS PER SHARE        
Basic and diluted (in dollars per share) $ 1.09 $ 1.01 $ 4.23 $ 2.42
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
Basic and diluted (in shares) 7,243,345 6,743,528 6,938,664 6,725,079