v3.26.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
EXPENSES:    
Claim rental expense $ (463,949) $ (589,461)
Exploration expense (5,820,896) (4,059,505)
Depreciation expense (140,729) (121,876)
Accretion expense 0 (9,542)
General and administrative expense (13,082,874) (10,611,271)
Total expenses (19,508,448) (15,391,655)
Income (loss) from equity investment in Peak Gold, LLC 88,585,112 41,669,216
Total income from operations 69,076,664 26,277,561
OTHER INCOME/(EXPENSE):    
Interest and other income 1,772,675 480,235
Interest and finance expense (7,598,562) (11,731,622)
Loss on derivative contracts (109,108,194) (54,150,141)
Gain on metal sales 5,324,700 1,209,293
Gain/(loss) on marketable securities 4,749,312 (199,018)
Total other income/(expense) (104,860,069) (64,391,253)
Loss before income taxes (35,783,405) (38,113,692)
Income tax (expense) / benefit (303,240) 83,401
NET LOSS $ (36,086,645) $ (38,030,291)
LOSS PER SHARE    
Net loss per share, basic $ (2.8) $ (3.49)
Net loss per share, diluted $ (2.8) $ (3.49)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING    
Weighted average number of shares outstanding, basic 12,902,668 10,896,228
Weighted average number of shares outstanding, diluted 12,902,668 10,896,228