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1. Summary of Significant Accounting Policies and Business Operations: Investments in Joint Venture (Policies)
9 Months Ended
Sep. 30, 2021
Policies  
Investments in Joint Venture

Investments in Joint Ventures

 

For companies and joint ventures where the Company holds more than 50% of the voting interests, but less than 100%, and has significant influence, the company or joint venture is consolidated, and other investor interests are presented as noncontrolling. See Note 3 regarding the Company’s investment in Owyhee Gold Trust. Joint Ventures in which the Company has the ability to exercise significant influence, but does not control, are accounted for under the equity method of accounting.