v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 9,997,030 $ 4,331,823
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,559,425 1,091,359
(Gain) loss on sale of equipment (632) 308,840
Accretion of asset retirement obligation 10,530 9,855
Loss on investment in equity securities and mutual funds 304,241 0
Equity (income) loss on investment in Buckskin Gold and Silver, Inc (1,077) (1,187)
Stock-based compensation 277,282 990,292
Amortization of (premium) discount on US treasury notes (253,852) 14,068
Deferred tax provision 1,395,177 0
Change in operating assets and liabilities:    
Gold sales receivable 951,113 (1,062,744)
Inventories (927,558) (221,069)
Joint venture receivable 1,282 1,784
Other current assets 158,030 12,332
Accounts payable and accrued expenses 416,558 529,780
Accrued payroll and related payroll expenses 130,009 6,435
Income taxes payable (286,030) 0
Net cash provided by operating activities 13,731,528 6,011,568
Cash flows from investing activities:    
Purchases of property, plant, and equipment (5,799,650) (2,481,547)
Deposits on equipment (4,702,572) (62,600)
Proceeds from sale of equipment 0 90,400
Purchase of mineral property (1,404,315) 0
Additions to mineral property (3,613,831) (1,112,712)
Purchase of US treasury notes (23,459,474) (10,524,963)
Maturity of US treasury notes 14,883,000 3,801,000
Proceeds from sale of equity securities 3,912,963 0
Proceeds from sale of mutual funds 3,869,814 0
Purchase of reclamation bond (101,500) (81,000)
Net cash used by investing activities (16,415,565) (10,371,422)
Cash flows from financing activities:    
Proceeds from sale of common stock, net of issuance cost 1,778,817 6,246,713
Proceeds from issuance of common stock for stock options exercised 253,000 0
Principal payments on notes payable (1,015,690) (565,087)
Contributions from non-controlling interest 12,807 15,803
Net cash provided by financing activities 1,028,934 5,697,429
Net change in cash and cash equivalents (1,655,103) 1,337,575
Cash and cash equivalents, beginning of period 9,889,765 1,106,901
Cash and cash equivalents, end of period 8,234,662 2,444,476
Non-cash investing and financing activities:    
Deposit on equipment applied to purchase 430,868 194,101
Notes payable for equipment purchase 809,133 2,156,967
Principal payments on notes payable paid by 3rd party $ 0 $ 44,951