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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating expenses:        
Mine preparation costs $ 11,216 $ 9,108 $ 25,443 $ 40,805
Exploration expense 8,012
Management fees and salaries 46,388 48,525 143,813 158,281
Professional services 244 12,209 61,185 92,706
General and administration 48,090 70,117 152,186 284,417
Office supplies and other 5,992 5,788 21,891 17,924
Directors’ fees 2,500 2,400 6,100 18,700
Mineral property maintenance 31,942 20,991 94,915 83,963
Arbitration costs (Note 3) 2,143 9,998 19,221 74,731
Total operating expenses 148,515 179,136 524,754 779,539
Other (income) expense:        
Change in fair value of notes payable in gold (38,751) (5,429) (35,777) (38,631)
Interest expense and finance costs – related party 155,627 183,175 462,814 541,864
Interest expense and finance costs 63,059 31,137 198,838 71,554
Gain on forgiveness of CARES Act PPP loan (51,135)
Total other (income) expense 179,935 208,883 625,875 523,652
Net loss 328,450 388,019 1,150,629 1,303,191
Preferred dividends 1,917 1,917 5,688 5,688
Net loss available to common stockholders $ 330,367 $ 389,936 $ 1,156,316 $ 1,308,879
Net loss per common share – basic and diluted $ (0.00) $ (0.00) $ (0.01) $ (0.01)
Weighted average common shares outstanding – basic and diluted 177,479,791 175,427,662 183,667,400 172,282,832