Property, Plant and Equipment |
8. Property, Plant, and Equipment Property, plant and equipment at June 30, 2025 and December 31, 2024 consisted of the following: | | June 30, 2025 | | | December 31, 2024 | | Mine Equipment | | $ | 10,461,808 | | | $ | 8,223,596 | | Accumulated Depreciation | | | (4,092,648 | ) | | | (3,845,349 | ) | Total Mine Equipment | | | 6,369,160 | | | | 4,378,247 | | | | | | | | | | | Mill Equipment | | | 9,069,657 | | | | 7,580,452 | | Accumulated Depreciation | | | (2,899,653 | ) | | | (2,453,673 | ) | Total Mill Equipment | | | 6,170,004 | | | | 5,126,779 | | | | | | | | | | | Buildings | | | 3,111,516 | | | | 2,715,931 | | Accumulated Depreciation | | | (340,359 | ) | | | (295,595 | ) | Total Buildings | | | 2,771,157 | | | | 2,420,336 | | | | | | | | | | | Land | | | 978,703 | | | | 978,703 | | | | | | | | | | | Total | | $ | 16,289,024 | | | $ | 12,904,065 | |
For the three and six-month periods ended June 30, 2025 and 2024, depreciation expense for property, plant, and equipment was as follows. June 30, 2025 | | | June 30, 2024 | | Three Months | | | Six Months | | | Three Months | | | Six Months | | $ | 488,183 | | | $ | 1,003,465 | | | $ | 431,598 | | | $ | 908,223 | |
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