| Property & Equipment |
9. Property & Equipment The table below sets forth the book value by type of fixed asset owned by the Company (excludes Peak Gold LLC assets) as well as the estimated useful life:
|
|
|
|
|
|
|
|
|
|
|
Asset Type |
|
Estimated
Useful Life |
|
June 30, 2026 |
|
|
December 31, 2025 |
|
Mineral properties |
|
Not Depleted |
|
|
|
|
|
|
Dolly Varden |
|
|
|
$ |
285,999,842 |
|
|
$ |
— |
|
Johson Tract |
|
|
|
|
34,959,954 |
|
|
|
34,959,954 |
|
Lucky Shot |
|
|
|
|
16,883,226 |
|
|
|
13,225,874 |
|
Other |
|
|
|
|
2,172,981 |
|
|
|
2,172,981 |
|
Land |
|
Not Depreciated |
|
|
87,737 |
|
|
|
87,737 |
|
Buildings and improvements |
|
20 - 39 |
|
|
1,455,546 |
|
|
|
1,455,546 |
|
Construction in progress |
|
Not Depreciated |
|
|
3,396,645 |
|
|
|
— |
|
Machinery and equipment |
|
3 - 10 |
|
|
650,855 |
|
|
|
544,064 |
|
Vehicles |
|
5 |
|
|
204,032 |
|
|
|
184,032 |
|
Computer and office equipment |
|
5 |
|
|
27,731 |
|
|
|
27,731 |
|
Furniture & fixtures |
|
5 |
|
|
2,270 |
|
|
|
2,270 |
|
Right of use asset |
|
2 - 3 |
|
|
1,385,228 |
|
|
|
86,952 |
|
Less: Accumulated depreciation and
amortization |
|
|
|
|
(735,614 |
) |
|
|
(559,712 |
) |
Less: Accumulated impairment |
|
|
|
|
(122,136 |
) |
|
|
(122,136 |
) |
Property & Equipment, net |
|
|
|
$ |
346,368,297 |
|
|
$ |
52,065,293 |
|
|