v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
EXPENSES:    
Claim rental $ 128,261 $ 108,839
Exploration (3,834,816) (460,003)
Depreciation (39,590) (33,622)
Accretion (82,332) 0
General and administrative (3,863,839) (2,448,066)
Total expenses (7,948,838) (3,050,530)
Income from equity investment in Peak Gold, LLC 12,758,228 22,320,034
Total income from operations 4,809,390 19,269,504
OTHER INCOME/(EXPENSE):    
Interest and other income 870,018 231,940
Interest and finance expense (919,708) (2,747,712)
Loss on derivative contracts (19,026,382) (40,475,656)
Gain on metal sales 672,313 1,170,820
Gain/(loss) on marketable securities (734,229) 226,460
Total other income/(expense) (19,137,988) (41,594,148)
Loss before income taxes (14,328,598) (22,324,644)
Income tax (expense) / benefit 23,008 (223,681)
NET LOSS $ (14,305,590) $ (22,548,325)
LOSS PER SHARE    
Net loss per share, basic $ (0.83) $ (1.88)
Net loss per share, diluted $ (0.83) $ (1.88)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING    
Weighted average number of shares outstanding, basic 17,241,665 12,020,108
Weighted average number of shares outstanding, diluted 17,241,665 12,020,108