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Statement of Financial Position (USD $)
Sep. 30, 2011
Dec. 31, 2010
Current assets:  
Cash and cash equivalents$ 437,564$ 357,317
Investment in marketable equity security at market (cost-$3,868)13,20019,344
Joint venture receivables191,24011,913
Other current assets61,48915,392
Inventory19,08216,381
Total current assets722,575420,347
Property, plant, and equipment, net of accumulated depreciation3,123,1851,323,330
Deposit on equipment422,9950
Mineral properties, net of accumulated amortization871,374871,374
Investment in Golden Chest LLC553,205553,205
Reclamation bonds121,243121,133
Total assets5,814,5773,289,389
Current liabilities:  
Accounts payable80,03642,958
Accrued payroll and related payroll expenses55,00615,986
Account payable related party1,5000
Accounts payable joint venture and related party75,3120
Obligations under capital lease, current4,33513,246
Notes payable, current100,62654,661
Total current liabilities316,815126,851
Asset retirement obligation31,98929,385
Obligations under capital lease, non-current01,403
Notes payable, non-current335,67264,720
Total non-current liabilities367,66195,508
Total liabilities684,476222,359
Stockholders' equity:  
Preferred stock, no par value, 1,000,000 shares authorized; no shares issued and outstanding Common stock, no par value, 50,000,000 shares authorized; September 30, 2011-45,040,662 and December 31, 2010-45,017,862 shares issued and outstanding10,370,42910,365,429
Deficit accumulated during the development stage(7,200,022)(7,313,874)
Accumulated other comprehensive income00
Unrealized gain in marketable equity security9,33215,475
Total New Jersey Mining Company stockholders' equity3,179,7393,067,030
Noncontrolling interest in New Jersey Mill Joint Venture1,950,3620
Total stockholders' equity5,130,1013,067,030
Total liabilities and stockholders' equity$ 5,814,577$ 3,289,389