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Investment in Buckskin
3 Months Ended
Mar. 31, 2024
Investment in Buckskin  
Investment in Buckskin

10. Investment in Buckskin

 

The investment in Buckskin is being accounted for using the equity method and resulted in recognition of equity income on the investment of $1,867 and $350 for the respective three-month periods ended March 31, 2024 and 2023. The Company makes an annual payment of $12,000 to Buckskin per a mineral lease covering 218 acres of patented mining claims. As of March 31, 2024, the Company holds 37% of Buckskin’s outstanding shares.