$AUGG
AUGUSTA GOLD CORP.

2024 Q3 Form 10-Q Financial Statement

#000121390024067676 Filed on August 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $455.3K
YoY Change -62.6%
% of Gross Profit
Research & Development $836.2K
YoY Change 33.49%
% of Gross Profit
Depreciation & Amortization $11.01K $11.02K
YoY Change 0.0% 0.0%
% of Gross Profit
Operating Expenses $1.075M $1.374M
YoY Change -20.4% -26.91%
Operating Profit -$1.075M -$1.374M
YoY Change -20.66% -26.91%
Interest Expense $751.2K
YoY Change 19.04%
% of Operating Profit
Other Income/Expense, Net $1.586M
YoY Change -70.29%
Pretax Income -$538.9K
YoY Change -118.73%
Income Tax
% Of Pretax Income
Net Earnings -$1.709M -$538.9K
YoY Change -298.28% -118.73%
Net Earnings / Revenue
Basic Earnings Per Share -$0.02 -$0.01
Diluted Earnings Per Share -$0.02 -$0.01
COMMON SHARES
Basic Shares Outstanding 85.93M shares 85.96M shares
Diluted Shares Outstanding 85.93M shares 85.93M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $612.8K
YoY Change -70.01%
Cash & Equivalents $232.4K $612.8K
Short-Term Investments
Other Short-Term Assets $112.3K
YoY Change -42.65%
Inventory
Prepaid Expenses $72.03K $112.3K
Receivables
Other Receivables
Total Short-Term Assets $304.4K $725.1K
YoY Change -75.44% -67.62%
LONG-TERM ASSETS
Property, Plant & Equipment $1.011M $1.022M
YoY Change -4.17% -4.13%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.116M
YoY Change 0.0%
Total Long-Term Assets $60.33M $60.43M
YoY Change -1.31% -1.18%
TOTAL ASSETS
Total Short-Term Assets $304.4K $725.1K
Total Long-Term Assets $60.33M $60.43M
Total Assets $60.64M $61.15M
YoY Change -2.78% -3.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.646M $1.540M
YoY Change 37.18% 44.03%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $29.07M
YoY Change 20.61%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $32.06M $30.69M
YoY Change 23.05% 21.4%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $2.641M
YoY Change -58.55%
Total Long-Term Liabilities $2.249M $2.641M
YoY Change -34.75% -58.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $32.06M $30.69M
Total Long-Term Liabilities $2.249M $2.641M
Total Liabilities $34.31M $33.33M
YoY Change 16.29% 5.3%
SHAREHOLDERS EQUITY
Retained Earnings -$38.06M -$36.35M
YoY Change 23.94% 15.14%
Common Stock $8.593K $8.593K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $26.33M $27.82M
YoY Change
Total Liabilities & Shareholders Equity $60.64M $61.15M
YoY Change -2.78% -3.52%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$1.709M -$538.9K
YoY Change -298.28% -118.73%
Depreciation, Depletion And Amortization $11.01K $11.02K
YoY Change 0.0% 0.0%
Cash From Operating Activities -$1.328M
YoY Change -14.2%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.500M
YoY Change
NET CHANGE
Cash From Operating Activities -1.328M
Cash From Investing Activities
Cash From Financing Activities 1.500M
Net Change In Cash 172.3K
YoY Change -111.13%
FREE CASH FLOW
Cash From Operating Activities -$1.328M
Capital Expenditures
Free Cash Flow
YoY Change

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span style="text-decoration:underline">Critical Judgements and Estimation Uncertainties</span></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, and expenses. These estimates and judgements are subject to change based on experience and new information which could result in outcomes that require a material adjustment to the carrying amounts of assets or liabilities affecting future periods. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized prospectively.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Impairment of mineral properties</i> – Management applies significant judgment in its assessment of mineral properties and whether there are any indications of impairment. The Company considers both internal and external sources of information when making the impairment assessment. External sources of information considered are changes in the Company’s economic, legal and regulatory environment, which it does not control, but affects the recoverability of its mining assets. Internal sources of information the Company considers include the manner in which mining properties are expected to be used and indications of economic performance.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Share-based compensation</i> – The fair value of share-based compensation is calculated using the Black-Scholes model. The main assumptions used in the model include the estimated life of the option, the expected volatility of the Company’s share price, and the risk-free rate of interest. The resulting value calculated is not necessarily the value that the holder of the option could receive in an arm’s-length transaction.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Warrant liability</i> – The fair value of the warrant liability is calculated using the Black-Scholes model. The main assumptions used in the model include the estimated life of the warrant, the expected volatility of the Company’s share price, and the risk-free rate of interest. The resulting value calculated is not necessarily the value that the holder of the warrant could receive in an arm’s-length transaction.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Asset retirement obligation</i> – Significant judgment is involved in the determination of future reclamation costs, inflation rates, discount rate, and the life of mine. Revisions to these inputs may result in an adjustment to the carrying value of the obligation and the mineral properties involved.</p>
CY2024Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
3081797 usd
CY2023Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
2814435 usd
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
101180 usd
CY2023 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
111548 usd
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
43887 usd
CY2023 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
59285 usd
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
-704969 usd
CY2023 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
215099 usd
CY2024Q2 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
67000 usd
CY2023Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
110700 usd
CY2024Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
2367121 usd
CY2023Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
2971097 usd
augg Asset Retirement Obligation Life Of Mine
AssetRetirementObligationLifeOfMine
2031
CY2023 augg Asset Retirement Obligation Life Of Mine
AssetRetirementObligationLifeOfMine
2031
augg Asset Retirement Obligation Life Of Mine Reward Project
AssetRetirementObligationLifeOfMineRewardProject
2029
CY2023 augg Asset Retirement Obligation Life Of Mine Reward Project
AssetRetirementObligationLifeOfMineRewardProject
2029
augg Asset Retirement Obligation Discount Rate
AssetRetirementObligationDiscountRate
0.115 pure
CY2023 augg Asset Retirement Obligation Discount Rate
AssetRetirementObligationDiscountRate
0.039 pure
augg Asset Retirement Obligation Inflation Rateaverage
AssetRetirementObligationInflationRateaverage
0.022 pure
CY2023 augg Asset Retirement Obligation Inflation Rateaverage
AssetRetirementObligationInflationRateaverage
0.022 pure
augg Cash Flows Rate
CashFlowsRate
0.115 pure
augg Cash Flows Rate
CashFlowsRate
0.04 pure
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-538937 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
2876946 usd
us-gaap Net Income Loss
NetIncomeLoss
-3116180 usd
us-gaap Net Income Loss
NetIncomeLoss
8322904 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85929753 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85929753 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85929753 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85186643 shares
CY2024Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
58334 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
58334 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
85929753 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
85988087 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
85929753 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
85244977 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.04
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.1
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.1
us-gaap Incremental Common Shares Attributable To Accelerated Share Repurchase Agreements
IncrementalCommonSharesAttributableToAcceleratedShareRepurchaseAgreements
39751617 shares
CY2022Q4 augg Mineral Properties And Equipment
MineralPropertiesAndEquipment
60139481 usd
CY2023 augg Mineral Properties And Equipment Total Additions
MineralPropertiesAndEquipmentTotalAdditions
30000 usd
CY2023Q4 augg Mineral Properties And Equipment
MineralPropertiesAndEquipment
60169481 usd
augg Total Change In Aro Estimate
TotalChangeInAROEstimate
-704969 usd
augg Mineral Properties And Equipment Total Additions
MineralPropertiesAndEquipmentTotalAdditions
0 usd
CY2024Q2 augg Mineral Properties And Equipment
MineralPropertiesAndEquipment
59464512 usd
CY2022Q4 augg Accumulateddepreciation Mineralproperties
AccumulateddepreciationMineralproperties
88746 usd
CY2023 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
44057 usd
CY2023Q4 augg Accumulateddepreciation Mineralproperties
AccumulateddepreciationMineralproperties
132803 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
22029 usd
CY2024Q2 augg Accumulateddepreciation Mineralproperties
AccumulateddepreciationMineralproperties
154832 usd
CY2024Q2 augg Net Book Value On Total
NetBookValueOnTotal
59309680 usd
CY2021Q1 augg Shares Outstanding Percentage
SharesOutstandingPercentage
0.10 pure
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
416482 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
718123 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5200002 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.56
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y5M12D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
57468 usd
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2023 augg Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercised Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisedWeightedAverageRemainingContractualTerm
P0Y
CY2023 augg Share Based Compensation Arrangement By Share Based Payment Award Options Exercised In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedInPeriodTotalIntrinsicValue
0 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2023 augg Sharebased Compensation Arrangement By Sharebased Payment Award Options Issued Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsIssuedWeightedAverageRemainingContractualTerm
P0Y
CY2023 augg Share Based Compensation Arrangement By Share Based Payment Award Options Issued In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsIssuedInPeriodTotalIntrinsicValue
0 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
190000 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
2.02
CY2023 augg Sharebased Compensation Arrangement By Sharebased Payment Award Options Canceled Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsCanceledWeightedAverageRemainingContractualTerm2
P0Y
CY2023 augg Sharebased Compensation Arrangement By Sharebased Payment Award Options Aggregate Intrinsic Value Canceled
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAggregateIntrinsicValueCanceled
0 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5010002 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.48
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y5M4D
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 usd
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
augg Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercised Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisedWeightedAverageRemainingContractualTerm
P0Y
augg Share Based Compensation Arrangement By Share Based Payment Award Options Exercised In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedInPeriodTotalIntrinsicValue
0 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2800000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.11
augg Sharebased Compensation Arrangement By Sharebased Payment Award Options Issued Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsIssuedWeightedAverageRemainingContractualTerm
P4Y9M18D
augg Share Based Compensation Arrangement By Share Based Payment Award Options Issued In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsIssuedInPeriodTotalIntrinsicValue
0 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
765000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
2.02
augg Sharebased Compensation Arrangement By Sharebased Payment Award Options Canceled Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsCanceledWeightedAverageRemainingContractualTerm2
P0Y
augg Sharebased Compensation Arrangement By Sharebased Payment Award Options Aggregate Intrinsic Value Canceled
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAggregateIntrinsicValueCanceled
0 usd
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
7045002 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.18
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y14D
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1750 usd
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
4378336 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
1.88
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y25D
CY2024Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
1750 usd
CY2024Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
30887574 shares
CY2024Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
14342 usd
CY2023Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
691782 usd
CY2024Q2 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
274373 usd
CY2023Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
417758 usd
CY2022Q3 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
22232561 usd
CY2024Q2 us-gaap Short Term Debt Percentage Bearing Variable Interest Rate
ShortTermDebtPercentageBearingVariableInterestRate
0.03 pure
augg Investments An Origination Fee Percentage
InvestmentsAnOriginationFeePercentage
0.005 pure
CY2023Q4 augg Extension Fee
ExtensionFee
33501 usd
CY2024Q1 augg Agreed To Purchase
AgreedToPurchase
22232561 usd
us-gaap Financing Receivable Allowance For Credit Loss Loan Purchased
FinancingReceivableAllowanceForCreditLossLoanPurchased
525000 usd
us-gaap Loan Processing Fee
LoanProcessingFee
25000 usd
CY2024Q1 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
22818853 usd
CY2022Q3 us-gaap Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
22126000 usd
CY2022Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
106561 usd
CY2023Q4 augg Lender Extension Fee
LenderExtensionFee
33501 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Loss Loan Purchased
FinancingReceivableAllowanceForCreditLossLoanPurchased
500000 usd
CY2024Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
25000 usd
CY2024Q1 augg Extension Fee
ExtensionFee
27791 usd
CY2024Q2 us-gaap Investment Maturity Date
InvestmentMaturityDate
2024-06-30
augg Additional Loan
AdditionalLoan
1500000 usd
us-gaap Payments For Fees
PaymentsForFees
30399 usd
CY2024Q2 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
24349251 usd
CY2024Q1 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
250000 usd
CY2024Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
12500 usd
CY2024Q1 us-gaap Short Term Debt Percentage Bearing Variable Interest Rate
ShortTermDebtPercentageBearingVariableInterestRate
0.14 pure
CY2024Q1 us-gaap Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
0.62
CY2024Q1 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
97370 usd
us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
106365 usd
us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
228542 usd
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
44193 usd
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
52182 usd
us-gaap Operating Expenses
OperatingExpenses
38989 usd
us-gaap Operating Expenses
OperatingExpenses
51523 usd
augg Office Expense Net
OfficeExpenseNet
189547 usd
augg Office Expense Net
OfficeExpenseNet
332247 usd
augg Percentage Of Consulting Arrangement
PercentageOfConsultingArrangement
1 pure
CY2024Q2 us-gaap Debt Instrument Fee Amount
DebtInstrumentFeeAmount
183752 usd
CY2024Q2 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
645823 usd
CY2023Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
520825 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
30400 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
10400 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
10400 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
10900 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
10900 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
10900 usd
CY2024Q2 augg Lessee Operating Lease Liability Payments Due Year Six
LesseeOperatingLeaseLiabilityPaymentsDueYearSix
11400 usd
CY2024Q2 augg Lessee Operating Lease Liability Payments Due Year Seven
LesseeOperatingLeaseLiabilityPaymentsDueYearSeven
9000 usd
CY2024Q2 augg Lessee Operating Lease Liability Payments Due Year Eight
LesseeOperatingLeaseLiabilityPaymentsDueYearEight
9000 usd
CY2024Q2 augg Lessee Operating Lease Liability Payments Due Year Nine
LesseeOperatingLeaseLiabilityPaymentsDueYearNine
9500 usd
CY2024Q2 augg Lessee Operating Lease Liability Payments Due Year Ten
LesseeOperatingLeaseLiabilityPaymentsDueYearTen
9500 usd
CY2024Q2 augg Lessee Operating Lease Liability Payments Due Year Eleven
LesseeOperatingLeaseLiabilityPaymentsDueYearEleven
9500 usd
CY2024Q2 augg Lessee Operating Lease Liability Payments Due Year Twelve
LesseeOperatingLeaseLiabilityPaymentsDueYearTwelve
10000 usd
CY2024Q2 augg Lessee Operating Lease Liability Payments Due Year Thirteen
LesseeOperatingLeaseLiabilityPaymentsDueYearThirteen
10000 usd
CY2024Q2 augg Lessee Operating Lease Liability Payments Due Year Fourteen
LesseeOperatingLeaseLiabilityPaymentsDueYearFourteen
10000 usd
augg Lessee Operating Lease Liability Payments Applicable Net Smaler Return Percentage
LesseeOperatingLeaseLiabilityPaymentsApplicableNetSmalerReturnPercentage
0.03 pure
CY2017Q3 augg Number Of Patented Mining
NumberOfPatentedMining
24 pure
CY2017Q3 augg Undivided Interest Percentage
UndividedInterestPercentage
1 pure
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
500000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
153000 usd
CY2014Q4 us-gaap Area Of Land
AreaOfLand
156 acre
augg Property Interset Rate
PropertyIntersetRate
1 pure
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
190000 usd
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P10Y
CY2023Q1 us-gaap Payments For Repurchase Of Initial Public Offering
PaymentsForRepurchaseOfInitialPublicOffering
25000 cad
CY2021Q4 us-gaap Cash
Cash
50000 cad
CY2023Q1 us-gaap Cash
Cash
78750 cad
CY2023Q1 us-gaap Investment Interest Rate
InvestmentInterestRate
0.02 pure
CY2023Q1 augg Percentage Of Option Purchase
PercentageOfOptionPurchase
0.005 pure
CY2023Q1 us-gaap Purchase Obligation
PurchaseObligation
500000 cad
us-gaap Exploration Expense
ExplorationExpense
1232458 usd
CY2024Q2 augg Reclamation Bonds
ReclamationBonds
1115813 usd
CY2024Q2 us-gaap Mineral Properties Net
MineralPropertiesNet
58287317 usd
CY2023 us-gaap Exploration Expense
ExplorationExpense
2686656 usd
CY2023Q4 augg Reclamation Bonds
ReclamationBonds
1115813 usd
CY2023Q4 us-gaap Mineral Properties Net
MineralPropertiesNet
58992286 usd
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 augg Non Rule10b51 Arrangement Modified
NonRule10b51ArrangementModified
false
CY2024Q2 augg Rule10b51 Arrangement Modified
Rule10b51ArrangementModified
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001448597
dei No Trading Symbol Flag
NoTradingSymbolFlag
true
dei Security Exchange Name
SecurityExchangeName
NONE

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