v3.25.2
Property Plant and Equipment
6 Months Ended
Jun. 30, 2025
Property Plant and Equipment  
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