| Roll-forward of Equity Method Investment [Table Text Block] |
The following table is a roll-forward of our investment in the Peak Gold JV as of December 31, 2025:
|
|
|
|
|
|
|
Investment |
|
|
|
in Peak Gold, LLC |
|
Investment balance at December 31, 2023 |
|
$ |
28,064,405 |
|
Investment in Peak Gold, LLC |
|
|
15,450,000 |
|
Loss from equity investment in Peak Gold, LLC |
|
|
(140,253 |
) |
Investment balance at March 31, 2024 |
|
$ |
43,374,152 |
|
Investment in Peak Gold, LLC |
|
|
11,790,000 |
|
Loss from equity investment in Peak Gold, LLC |
|
|
(695,633 |
) |
Investment balance at June 30, 2024 |
|
$ |
54,468,519 |
|
Investment in Peak Gold, LLC |
|
|
4,050,000 |
|
Distributions received from Peak Gold, LLC |
|
|
(19,500,000 |
) |
Income from equity investment in Peak Gold, LLC |
|
|
28,525,857 |
|
Investment balance at September 30, 2024 |
|
$ |
67,544,376 |
|
Distributions received from Peak Gold, LLC |
|
|
(21,000,000 |
) |
Income from equity investment in Peak Gold, LLC |
|
|
13,979,246 |
|
Investment balance at December 31, 2024 |
|
$ |
60,523,622 |
|
Distributions received from Peak Gold, LLC |
|
|
(24,000,000 |
) |
Income from equity investment in Peak Gold, LLC |
|
|
22,320,034 |
|
Investment balance at March 31, 2025 |
|
$ |
58,843,656 |
|
Distributions received from Peak Gold, LLC |
|
|
(30,000,000 |
) |
Income from equity investment in Peak Gold, LLC |
|
|
27,326,184 |
|
Investment balance at June 30, 2025 |
|
$ |
56,169,840 |
|
Distributions received from Peak Gold, LLC |
|
|
(33,000,000 |
) |
Income from equity investment in Peak Gold, LLC |
|
|
29,533,425 |
|
Investment balance at September 30, 2025 |
|
$ |
52,703,265 |
|
Distributions received from Peak Gold, LLC |
|
|
(15,000,000 |
) |
Income from equity investment in Peak Gold, LLC |
|
|
9,405,468 |
|
Investment balance at December 31, 2025 |
|
$ |
47,108,733 |
|
|
|
|
|
|
| Summarized Balance Sheet of Equity Method Investment [Table Text Block] |
The following table presents the condensed balance sheets for the Peak Gold JV as of December 31, 2025 and December 31, 2024 in accordance with US GAAP:
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|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
December 31, 2024 |
|
ASSETS |
|
|
|
|
|
|
Current assets |
|
$ |
168,737,044 |
|
|
$ |
166,365,590 |
|
Non-current assets |
|
|
198,799,122 |
|
|
|
218,643,898 |
|
TOTAL ASSETS |
|
$ |
367,536,166 |
|
|
$ |
385,009,488 |
|
|
|
|
|
|
|
|
LIABILITIES AND MEMBERS’EQUITY |
|
|
|
|
|
|
Current liabilities |
|
$ |
64,110,196 |
|
|
$ |
45,985,161 |
|
Non-current liabilities |
|
|
68,148,959 |
|
|
|
59,031,019 |
|
TOTAL LIABILITIES |
|
$ |
132,259,155 |
|
|
$ |
105,016,180 |
|
|
|
|
|
|
|
|
MEMBERS’ EQUITY |
|
|
235,277,011 |
|
|
|
279,993,308 |
|
TOTAL LIABILITIES AND MEMBERS’ EQUITY |
|
$ |
367,536,166 |
|
|
$ |
385,009,488 |
|
|
| Summarized Income Statement of Equity Method Investment [Table Text Block] |
The following table presents the condensed results of operations for the Peak Gold JV for the fiscal year ended December 31, 2025 and the fiscal year ended December 31, 2024 in accordance with US GAAP:
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|
|
|
|
|
|
|
|
|
Fiscal Year Ended |
|
|
Fiscal Year Ended |
|
|
|
December 31, 2025 |
|
|
December 31, 2024 |
|
|
|
|
|
|
|
|
Revenue |
|
$ |
645,561,578 |
|
|
$ |
344,859,461 |
|
Cost of sales |
|
|
(289,074,573 |
) |
|
|
(168,125,264 |
) |
Gross profit |
|
|
356,487,005 |
|
|
|
176,734,197 |
|
Other expenses |
|
|
(61,203,303 |
) |
|
|
(37,836,809 |
) |
|
|
|
|
|
|
|
Net Income |
|
$ |
295,283,702 |
|
|
$ |
138,897,388 |
|
|