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Investment in Buckskin
6 Months Ended
Jun. 30, 2024
Investment in Buckskin  
Investment in Buckskin

11. Investment in Buckskin

 

The investment in Buckskin is being accounted for using the equity method and resulted in recognition of change of equity value on the investment of loss of $1,589 and income of $278 for the respective three and six-month periods ended June 30, 2024 and income of $1,007 and $1,357 for the respective three and six-month periods ended June 30, 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 June 30, 2024, the Company holds 37% of Buckskin’s outstanding shares.