Condensed Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| EXPENSES: | ||||
| Claim rental | $ (141,851) | $ (115,315) | $ (270,112) | $ (224,154) |
| Exploration | (12,264,382) | (1,038,469) | (16,099,198) | (1,498,472) |
| Depreciation | (39,924) | (21,237) | (79,514) | (54,859) |
| Accretion | (85,429) | 0 | (167,761) | 0 |
| General and administrative | (5,261,892) | (3,114,052) | (9,125,733) | (5,562,117) |
| Total expenses | (17,793,478) | (4,289,073) | (25,742,318) | (7,339,602) |
| Income from equity investment in Peak Gold, LLC | 9,289,390 | 27,326,184 | 22,047,618 | 49,646,218 |
| Total (loss)/income from operations | (8,504,088) | 23,037,111 | (3,694,700) | 42,306,616 |
| OTHER INCOME/(EXPENSE): | ||||
| Interest and other income | 903,033 | 326,609 | 1,773,053 | 558,549 |
| Interest and finance expense | (936,304) | (2,033,871) | (1,856,012) | (4,781,584) |
| Loss on derivative contracts | 10,308,985 | (12,844,803) | (8,717,397) | (53,320,459) |
| Gain on metal sales | 605,226 | 959,453 | 1,277,539 | 2,130,273 |
| Gain/(loss) on marketable securities | 541,959 | 6,427,915 | (192,270) | 6,654,375 |
| Total other income/(expense) | 11,422,899 | (7,164,697) | (7,715,087) | (48,758,846) |
| Income/(loss) before income taxes | 2,918,811 | 15,872,414 | (11,409,787) | (6,452,230) |
| Income tax benefit/(expense) | 1,868,176 | 52,451 | 1,891,184 | (171,230) |
| NET INCOME/(LOSS) | 4,786,987 | 15,924,865 | (9,518,603) | (6,623,460) |
| Other comprehensive loss | (2,229,538) | (2,229,538) | ||
| NET COMPREHENSIVE INCOME/(LOSS) | $ 2,557,449 | $ 15,924,865 | $ (11,748,141) | $ (6,623,460) |
| Net Income/(Loss) Per Share | ||||
| Net Income/(loss) per share, basic | $ 0.14 | $ 1.26 | $ (0.38) | $ (0.55) |
| Net Income/(loss) per share, diluted | $ 0.14 | $ 1.24 | $ (0.38) | $ (0.55) |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING | ||||
| Weighted average number of shares outstanding, basic | 32,866,494 | 12,116,897 | 25,085,470 | 12,070,370 |
| Weighted average number of shares outstanding, diluted | 33,097,811 | 12,328,749 | 25,085,470 | 12,070,370 |
| X | ||||||||||
- Definition Amount of claim rental expense. No definition available.
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| X | ||||||||||
- Definition Amount recognized for the passage of time, typically for liabilities, that have been discounted to their net present values. Excludes accretion associated with asset retirement obligations. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The expense recognized in the current period that allocates the cost of nonproduction tangible assets over their useful lives. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Exploration expenses (including prospecting) related to oil and gas producing entities and would be included in operating expenses of that entity. Costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of containing oil and gas reserves, including costs of drilling exploratory wells and exploratory-type stratigraphic test wells. Exploration costs may be incurred both before acquiring the related property (sometimes referred to in part as prospecting costs) and after acquiring the property. Principal types of exploration costs, which include depreciation and applicable operating costs of support equipment and facilities and other costs of exploration activities, are: (i) Costs of topographical, geographical and geophysical studies, rights of access to properties to conduct those studies, and salaries and other expenses of geologists, geophysical crews, and others conducting those studies. Collectively, these are sometimes referred to as geological and geophysical or "G&G" costs. (ii) Costs of carrying and retaining undeveloped properties, such as delay rentals, ad valorem taxes on properties, legal costs for title defense, and the maintenance of land and lease records. (iii) Dry hole contributions and bottom hole contributions. (iv) Costs of drilling and equipping exploratory wells. (v) Costs of drilling exploratory-type stratigraphic test wells. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The difference between the book value and the sale price of options, swaps, futures, forward contracts, and other derivative instruments. This element refers to the gain (loss) included in earnings. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The amount of interest income and other income recognized during the period. Included in this element is interest derived from investments in debt securities, cash and cash equivalents, and other investments which reflect the time value of money or transactions in which the payments are for the use or forbearance of money and other income from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business). No definition available.
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| X | ||||||||||
- Definition Amount of interest income (expense) classified as operating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of realized and unrealized gain (loss) on investment in marketable security. No definition available.
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| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- References No definition available.
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| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount after tax of other comprehensive income (loss) attributable to parent entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income related to nonoperating assets, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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