v3.26.1
Property Plant and Equipment
12 Months Ended
Dec. 31, 2025
Property Plant and Equipment  
Property, Plant and Equipment

4. Property, Plant and Equipment

 

Property, plant and equipment at December 31, 2025 and 2024 consisted of the following:

 

 

 

2025

 

 

2024

 

Mine Equipment

 

 

12,536,011

 

 

 

8,223,596

 

Accumulated Depreciation

 

$(4,679,153)

 

$(3,845,349)

Total Mine Equipment

 

 

7,856,858

 

 

 

4,378,247

 

 

 

 

 

 

 

 

 

 

Mill Equipment

 

 

10,415,564

 

 

 

7,580,452

 

Accumulated Depreciation

 

 

(3,277,234)

 

 

(2,453,673)

Total Mill Equipment

 

 

7,138,330

 

 

 

5,126,779

 

 

 

 

 

 

 

 

 

 

Buildings

 

 

3,934,123

 

 

 

2,715,931

 

Accumulated Depreciation

 

 

(404,052)

 

 

(295,595)

Total Buildings

 

 

3,530,071

 

 

 

2,420,336

 

 

 

 

 

 

 

 

 

 

Land

 

 

978,703

 

 

 

978,703

 

 

 

 

 

 

 

 

 

 

Total

 

$19,503,962

 

 

$12,904,065

 

 

For the years ended December 31, 2025 and 2024, depreciation expense for property, plant, and equipment was as follows:

 

December 31, 2025

 

 

December 31, 2024

 

$

2,110,840

 

 

$1,835,854