| Roll-forward of Equity Method Investment [Table Text Block] |
The following table is a roll-forward of the Company’s investment in the Peak Gold JV as of March 31, 2026:
|
|
|
|
|
|
|
Investment |
|
|
|
in Peak Gold, LLC |
|
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 |
|
Distributions received from Peak Gold, LLC |
|
|
(9,000,000 |
) |
Income from equity investment in Peak Gold, LLC |
|
|
12,758,228 |
|
Investment balance at March 31, 2026 |
|
$ |
50,866,961 |
|
|
|
|
|
|
| Summarized Income Statement of Equity Method Investment [Table Text Block] |
The following table presents the condensed unaudited results of operations for the Peak Gold JV for the three-month periods ended March 31, 2026 and 2025 in accordance with US GAAP:
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Three Months Ended |
|
|
|
March 31, 2026 |
|
|
March 31, 2025 |
|
|
|
|
|
|
|
|
Revenue |
|
$ |
133,970,443 |
|
|
$ |
168,229,394 |
|
Cost of sales |
|
|
(76,088,075 |
) |
|
|
(78,622,724 |
) |
Gross profit |
|
|
57,882,368 |
|
|
|
89,606,670 |
|
Other expenses |
|
|
(15,354,941 |
) |
|
|
(15,206,557 |
) |
Net Income |
|
$ |
42,527,427 |
|
|
$ |
74,400,113 |
|
|