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v3.19.1

5. Property, Plant and Equipment | 12 Months Ended
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Dec. 31, 2018
Notes |
5. Property, Plant and Equipment | 5. Property, Plant and Equipment Property, plant and equipment at December 31, 2018 and 2017, consisted of the following:
|  | 2018 |  | 2017
Mill |  |  |  |
Land | $ | 225,289 | $ | 225,289
Building |  | 536,193 |  | 536,193
Equipment |  | 4,192,940 |  | 4,192,940
|  | 4,954,422 |  | 4,954,422
Less accumulated depreciation |  | (557,502) |  | (428,760)
Total mill |  | 4,396,920 |  | 4,525,662
Buildings and equipment |  |  |  |
Buildings |  | 124,677 |  | 80,000
Equipment |  | 1,631,908 |  | 593,338
|  | 1,756,585 |  | 673,338
Less accumulated depreciation |  | (453,625) |  | (222,648)
Total building and equipment |  | 1,302,960 |  | 450,690
Land |  |  |  |
Bear Creek |  | 266,934 |  | 266,934
Little Baldy |  | - |  | 47,139
BOW |  | 230,449 |  | 230,449
Eastern Star |  | 250,817 |  | 250,817
Gillig |  | 79,137 |  | 79,137
Highwater |  | 40,133 |  | 40,133
Total land |  | 867,470 |  | 914,609
Total | $ | 6,567,350 | $ | 5,890,961
During the year ended December 31, 2012, a lease agreement was entered into with Hecla Mining Company (“Hecla”) on the Company’s Little Baldy land holding. Under the agreement, Hecla paid $15,000 in 2017 for advanced royalty/lease payments to the Company. The Company recorded this payment as a reduction in the carrying value of the land for the year ended December 31, 2017. In the second quarter of 2018 the Company sold property including the Little Baldy and Toboggan mineral properties to Hecla Mining Company for $3,000,000. This sale resulted in a net gain of $2,947,862 which was recognized in the second quarter of 2018.

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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