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New Jersey Mining Company Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue:        
Gold Sales $ 1,262,690 $ 48,312 $ 1,952,008 $ 77,663
Milling income       14,614
Total revenue 1,262,690 48,312 1,952,008 92,277
Costs and expenses:        
Production 803,949 43,337 1,304,353 95,187
Pre-development expenses 59,928   99,334  
Exploration 17,328 38,634 35,980 80,057
Depreciation and amortization 32,711 1,116 59,991 3,214
Management 37,550 21,102 92,639 56,151
Accounting and legal services 32,889 4,340 98,522 55,026
General and administrative expenses 61,722 25,718 141,481 56,842
Total operating expenses 1,046,077 134,247 1,832,300 346,477
Operating income (loss) 216,613 (85,935) 119,708 (254,200)
Other (income) expense:        
Royalties and other income       (200)
Timber income   (42,011)   (42,011)
Timber expense 5,231   5,304 500
Interest income (102) (1,325) (859) (3,049)
Interest expense 16,948 28,868 37,173 40,077
Change in fair value of forward gold contracts 141,596   141,596  
Amortization of discount on note payable 11,756 12,454 26,274 24,908
Total other (income) expense 32,215 (2,014) 209,488 20,225
Net income (loss) 184,398 (83,921) (89,780) (274,425)
Net income (loss) attributable to non-controlling interest (16,274) 13,633 (27,307) 13,609
Net income (loss) attributable to New Jersey Mining Company $ 200,672 $ (97,554) $ (62,473) $ (288,034)
Net income (loss) per common share-basic and diluted $ 0.00 $ 0.00 $ 0.00 $ 0.00
Weighted average common shares outstanding-basic 108,893,704 94,760,148 104,893,704 94,298,610
Weighted average common shares outstanding-diluted 109,698,060 94,760,148 104,893,704 94,298,610