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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net income $ 8,753,377 $ 1,073,449
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,953,388 1,466,703
Accretion of asset retirement obligation 18,761 15,952
(Gain) loss on disposal of equipment 1,431 (13,026)
Loss on investment in equity securities 453 5,451
Equity income on investment in Buckskin Gold and Silver, Inc. (2,667) (4,517)
Write down of reclamation bond 300 0
Change in operating assets and liabilities:    
Gold sales receivable (539,827) (128,870)
Inventories (23,243) (258,368)
Joint venture receivable (812) (154)
Other current assets (141,632) (44,812)
Accounts payable and accrued expenses 521,857 (95,320)
Accrued payroll and related payroll expenses 297,420 87,521
Net cash provided by operating activities 10,838,806 2,104,009
Cash flows from investing activities:    
Purchases of property, plant, and equipment (2,219,147) (772,245)
Proceeds from sale of equipment 6,372 8,500
Deposits on equipment (1,178,185) (285,079)
Additions to mineral properties (2,392,822) (1,118,021)
Purchase of reclamation bonds (5,000) 0
Refund of reclamation bonds 6,900 75,710
Purchase of US treasury notes (14,984,123) 0
Proceeds from sale of investment in equity securities 5,196 0
Purchase of equity securities 0 (11,100)
Net cash used by investing activities (20,760,809) (2,102,235)
Cash flows from financing activities:    
Proceeds from sale of common stock, net of issuance costs 9,120,521 1,718,117
Proceeds from issuance of common stock for warrants exercised 1,695,047 0
Proceeds from issuance of common stock for stock options exercised 280,011 0
Principal payments on notes payable (2,382,434) (1,026,702)
Principal payments on notes, related parties 0 (75,183)
Contributions from non-controlling interest 28,760 30,962
Net cash provided by financing activities 8,741,905 647,194
Net change in cash and cash equivalents (1,180,098) 648,968
Cash and cash equivalents, beginning of year 2,286,999 1,638,031
Cash and cash equivalents, end of year 1,106,901 2,286,999
Non-cash investing and financing activities:    
Deposit on equipment applied to purchase 895,597 76,110
Notes payable for equipment 1,148,521 1,168,893
Notes payable for mineral property $ 650,000 $ 0