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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 2,155,814 $ 44,186
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 501,788 328,037
Loss on disposal of equipment 4,409 6,120
Accretion of asset retirement obligation 4,575 3,899
Loss on investment in equity securities 453 0
Equity income on investment in Buckskin Gold and Silver, Inc (1,867) (350)
Change in operating assets and liabilities:    
Gold sales receivable (199,607) (432,393)
Inventories 79,845 72,669
Joint venture receivable 482 (1,601)
Other current assets 27,013 11,856
Accounts payable and accrued expenses 1,142 64,565
Accrued payroll and related payroll expenses 5,806 63,774
Net cash provided by operating activities 2,579,853 160,762
Cash flows from investing activities:    
Purchases of property, plant, and equipment (322,596) (129,249)
Deposits on equipment (123,060) 0
Proceeds from sale of equipment 0 8,500
Additions to mineral property (564,355) (284,272)
Proceeds from sale of investment in equity securities 5,196 0
Investment in equity securities 0 (11,100)
Net cash used by investing activities (1,004,815) (416,121)
Cash flows from financing activities:    
Proceeds from sale of common stock, net of issuance cost 847,492 878,503
Proceeds from issuance of common stock for warrants exercised 823,346 0
Proceeds from issuance of common stock for stock options exercised 29,999 0
Principal payments on notes payable (269,015) (238,354)
Principal payments on notes payable, related parties 0 (10,618)
Contributions from non-controlling interest 1,598 1,601
Net cash provided by financing activities 1,433,420 631,132
Net change in cash and cash equivalents 3,008,458 375,773
Cash and cash equivalents, beginning of period 2,286,999 1,638,031
Cash and cash equivalents, end of period 5,295,457 2,013,804
Non-cash investing and financing activities:    
Deposit on equipment applied to purchase 30,719 42,610
Notes payable for equipment purchase 559,752 0
Notes payable for mineral property purchase $ 650,000 $ 0