| 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 June 30, 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 |
|
Distributions received from Peak Gold, LLC |
|
|
(9,000,000 |
) |
Income from equity investment in Peak Gold, LLC |
|
|
9,289,390 |
|
Investment balance at June 30, 2026 |
|
$ |
51,156,351 |
|
|
|
|
|
|
| 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 and six month periods ended June 30, 2026 and 2025 in accordance with US GAAP:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
June 30, |
|
|
Six Months Ended
June 30, |
|
|
|
June 30, 2026 |
|
|
June 30, 2025 |
|
|
June 30, 2026 |
|
|
June 30, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
$ |
124,997,378 |
|
|
$ |
195,062,829 |
|
|
$ |
258,967,821 |
|
|
$ |
363,292,223 |
|
Cost of sales |
|
|
(78,438,505 |
) |
|
|
(85,591,495 |
) |
|
|
(154,526,580 |
) |
|
|
(164,214,219 |
) |
Gross profit |
|
|
46,558,873 |
|
|
|
109,471,334 |
|
|
|
104,441,241 |
|
|
|
199,078,004 |
|
Other expenses |
|
|
(15,594,240 |
) |
|
|
(18,384,055 |
) |
|
|
(30,949,181 |
) |
|
|
(33,590,612 |
) |
Net Income |
|
$ |
30,964,633 |
|
|
$ |
91,087,279 |
|
|
$ |
73,492,060 |
|
|
$ |
165,487,392 |
|
|