4. Sales of Products

The Company’s products consist of both gold flotation concentrates which are sold to a single broker (H&H Metals Corp. (“H&H”)), and an unrefined gold-silver product known as doré which is sold to various precious metals refineries. At March 31, 2026, gold concentrate that had been sold but not finally settled included 7,819 ounces of gold of which 7,102 ounces were sold at a predetermined price with the remaining 717 exposed to future price changes until prices are locked in based on the month of settlement. The Company has received provisional payments on the sale of these ounces with the remaining amount due reflected in gold sales receivable. Sales of products by metal type for the three-month periods ended March 31, 2026 and 2025 were as follows:

Sales by significant product type for the three-month periods ended March 31, 2026, and 2025 were as follows:

At March 31, 2026 and December 31, 2025, the gold sales receivable balance of $3,920,174, and $3,912,922, respectively, consisted only of amounts due from H&H for concentrates. There is no allowance for doubtful accounts.