| Derivatives Not Designated as Hedging Instruments [Table Text Block] |
As of June 30, 2026, the Company had the following outstanding derivatives that were not designated as hedges in qualifying hedging relationships:
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Period |
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Commodity |
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Volume |
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Weighted
Average Price
($/oz) |
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2027 |
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Gold |
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15,000 |
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$ |
1,933 |
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15,000 |
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$ |
1,933 |
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| Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] |
The table below presents the fair value of the Company’s derivative financial instruments, as well as their classification on the Condensed Consolidated Balance Sheets as of June 30, 2026 and December 31, 2025.
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As of June 30, 2026 |
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As of December 31, 2025 |
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Derivatives not designated as hedging instruments |
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Balance Sheet
Location |
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Gross
Recognized
Assets /
Liabilities |
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Gross
Amounts
Offset |
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Net
Recognized
Assets /
Liabilities |
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Gross
Recognized
Assets /
Liabilities |
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Gross
Amounts
Offset |
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Net
Recognized
Assets /
Liabilities |
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Commodity Contracts |
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Derivative contract asset - current |
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$ |
478,998 |
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$ |
(478,998 |
) |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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Commodity Contracts |
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Derivative contract liability - current |
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$ |
(61,958,230 |
) |
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$ |
478,998 |
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$ |
(61,479,232 |
) |
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$ |
(66,465,622 |
) |
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$ |
— |
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$ |
(66,465,622 |
) |
Commodity Contracts |
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Derivative contract liability - noncurrent |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
(37,191,718 |
) |
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$ |
— |
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$ |
(37,191,718 |
) |
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| Derivative Instruments, Gain (Loss) [Table Text Block] |
The table below presents the effect of the Company’s derivative financial instruments that are not designated as hedging instruments on the Unaudited Condensed Consolidated Statement of Operations for the three and six months ended June 30, 2026 and 2025, respectively.
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Derivatives Not Designated as Hedging Instruments under Subtopic 815-20 |
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Location of Gain or (Loss) Recognized in Other Income (Expense) |
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Amount of Loss
Recognized in Other Income (Expense) |
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Amount of Loss
Recognized in Other Income (Expense) |
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Three Months Ended
June 30, 2026 |
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Three Months Ended
June 30, 2025 |
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Six Months Ended
June 30, 2026 |
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Six Months Ended
June 30, 2025 |
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Commodity Contracts |
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Unrealized gain/(loss) on derivative contracts |
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$ |
10,273,745 |
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$ |
(2,106,754 |
) |
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$ |
42,178,108 |
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$ |
(42,582,410 |
) |
Commodity Contracts |
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Realized gain/(loss) on derivative contracts |
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$ |
35,240 |
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$ |
(10,738,049 |
) |
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$ |
(50,895,505 |
) |
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$ |
(10,738,049 |
) |
Total |
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$ |
10,308,985 |
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$ |
(12,844,803 |
) |
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$ |
(8,717,397 |
) |
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$ |
(53,320,459 |
) |
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