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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 4,290,736 $ 340,008
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 957,718 671,079
(Gain) loss on disposal of equipment 7,431 (224)
Accretion of asset retirement obligation 9,226 7,856
Loss on investment in equity securities 453 2,880
Gain on short term investments (21,862) 0
Equity income on investment in Buckskin Gold and Silver, Inc (278) (1,357)
Change in operating assets and liabilities:    
Gold sales receivable (477,647) 69,709
Inventories 110,069 (36,979)
Joint venture receivable 667 372
Other current assets 64,801 70,402
Accounts payable and accrued expenses 248,611 (36,703)
Accrued payroll and related payroll expenses 19,517 56,303
Net cash provided by operating activities 5,209,442 1,143,346
Cash flows from investing activities:    
Purchases of property, plant, and equipment (583,841) (343,356)
Deposits on equipment (345,907) 0
Proceeds from sale of equipment 0 8,500
Additions to mineral property (960,388) (523,785)
Purchase of reclamation bond (5,000) 0
Purchase of short term investments (6,322,863) 0
Proceeds from sale of investment in equity securities 5,196 0
Investment in equity securities 0 (11,100)
Net cash used by investing activities (8,212,803) (869,741)
Cash flows from financing activities:    
Proceeds from sale of common stock, net of issuance cost 2,160,884 878,503
Proceeds from issuance of common stock for warrants exercised 990,019 0
Proceeds from issuance of common stock for stock options exercised 150,001 0
Principal payments on notes payable (795,530) (502,948)
Principal payments on notes payable, related parties 0 (75,183)
Contributions from non-controlling interest 12,245 18,010
Net cash provided by financing activities 2,517,619 318,382
Net change in cash and cash equivalents (485,742) 591,987
Cash and cash equivalents, beginning of period 2,286,999 1,638,031
Cash and cash equivalents, end of period 1,801,257 2,230,018
Non-cash investing and financing activities:    
Deposit on equipment applied to purchase 30,719 76,110
Notes payable for equipment 559,752 1,110,737
Notes payable for mineral property purchase $ 650,000 $ 0