4. Sales of Products

The Company’s products consist of both gold flotation concentrates which are sold to a single broker (H&H Metals (“H&H”)), and an unrefined gold-silver product known as doré which is sold to a precious metal refinery (Cascade Refining). At June 30, 2025, gold concentrate that had been sold but not finally settled included 9,244 ounces of gold of which 2,258 ounces were sold at a predetermined price with the remaining 6,986 exposed to future price changes until prices are locked in based on the month of settlement. The Company has received provisional payments on the sale of these ounces with the remaining amount due reflected in gold sales receivable. The Company has received provisional payments on the sale of these ounces with the remaining amount due reflected in gold sales receivable. Sales of products by metal type for the three and six-month periods ended June 30, 2025 and 2024 were as follows:

Sales by significant product type for the three and six-month periods ended June 30, 2025, and 2024 were as follows:

At June 30, 2025 and December 31, 2024 the gold sales receivable balance of $2,641,438, and $1,578,694, respectively, consisted only of amounts due from H&H. There is no allowance for doubtful accounts.