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New Jersey Mining Company Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue:        
Gold sales $ 1,032,845 $ 1,266,139 $ 2,623,792 $ 3,218,147
Total revenue 1,032,845 1,266,139 2,623,792 3,218,147
Costs of Sales:        
Cost of sales and other direct production costs 1,123,679 813,785 3,175,857 2,118,138
Depreciation and amortization 103,987 40,597 249,551 100,588
Total costs of sales 1,227,666 854,382 3,425,408 2,218,726
Gross profit (loss) (194,821) 411,757 (801,616) 999,421
Other operating expenses (income):        
Pre-development expense   59,769   159,102
Exploration 160,147 9,220 368,417 45,200
Gain on sale of mineral property     (2,947,862)  
Management 44,808 35,678 113,788 128,317
Professional services 57,152 33,232 158,786 131,754
General and administrative 110,219 51,135 295,917 192,616
Total other operating expenses (income) 372,326 189,034 (2,010,954) 656,989
Operating income (expense) (567,147) 222,723 1,209,338 342,432
Other (income) expense:        
Timber expense       5,304
Interest income (12,896) (7,745) (14,888) (8,604)
Interest expense 17,912 16,070 65,371 53,243
Change in fair value of forward gold contracts 8,096 76,865 15,983 218,461
Amortization of discount on debt 8,016 8,925 8,016 35,200
Total other (income) expense 21,128 94,115 74,482 303,604
Net income (loss) (588,275) 128,608 1,134,856 38,828
Net loss attributable to non-controlling interest (14,797) (15,799) (44,413) (43,107)
Net income (loss) attributable to New Jersey Mining Company $ (573,478) $ 144,407 $ 1,179,269 $ 81,935
Net income (loss) per common share-basic and diluted $ 0.00 $ 0.00 $ 0.01 $ 0.00
Weighted average common shares outstanding-basic 122,513,543 108,893,704 119,111,952 105,707,990
Weighted average common shares outstanding-diluted 122,513,543 109,805,242 121,585,011 106,461,364