v3.26.1
Property Plant and Equipment
6 Months Ended
Jun. 30, 2026
Property Plant and Equipment  
Property, Plant and Equipment

8. Property, Plant, and Equipment

 

Property, plant and equipment at June 30, 2026 and December 31, 2025 consisted of the following:

 

 

 

June 30,

2026

 

 

December 31,

2025

 

Mine Equipment

 

$15,726,784

 

 

$12,536,011

 

Accumulated Depreciation

 

 

(5,493,749)

 

 

(4,679,153)

Total Mine Equipment

 

 

10,233,035

 

 

 

7,856,858

 

 

 

 

 

 

 

 

 

 

Mill Equipment

 

 

13,467,293

 

 

 

10,415,564

 

Accumulated Depreciation

 

 

(3,696,720)

 

 

(3,277,234)

Total Mill Equipment

 

 

9,770,573

 

 

 

7,138,330

 

 

 

 

 

 

 

 

 

 

Buildings

 

 

4,717,774

 

 

 

3,934,123

 

Accumulated Depreciation

 

 

(485,842)

 

 

(404,052)

Total Buildings

 

 

4,231,932

 

 

 

3,530,071

 

 

 

 

 

 

 

 

 

 

Land

 

 

978,703

 

 

 

978,703

 

 

 

 

 

 

 

 

 

 

Total

 

$25,214,243

 

 

$19,503,962

 

 

For the three and six-month periods ended June 30, 2026 and 2025, depreciation expense for property, plant, and equipment was as follows:

 

June 30, 2026

 

 

June 30, 2025

 

Three Months

 

 

Six Months

 

 

Three Months

 

 

Six Months

 

$

719,670

 

 

$1,330,002

 

 

$488,183

 

 

$1,003,465