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Document and Entity Information	3 Months Ended
Document and Entity Information	Mar. 31, 2020
Document and Entity Information [Abstract]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Mar. 31, 2020
Entity Registrant Name	Gold Reserve Inc.
Entity Central Index Key	0001072725
Current Fiscal Year End Date	--12-31

CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Current Assets:
Cash and cash equivalents (Note 4)	$ 63,717,328	$ 61,822,137
Marketable securities (Note 5)	133,219	177,945
Income tax receivable (Note 10)	7,593,479	10,798,291
Deposits, advances and other	336,886	747,872
Total current assets	71,780,912	73,546,245
Property, plant and equipment, net (Note 6)	6,437,693	6,470,722
Deferred tax asset	597,358	0
Right of use asset	230,807	251,984
Total assets	79,046,770	80,268,951
Current Liabilities:
Accounts payable and accrued expenses (Note 3)	976,033	728,790
Lease liability	87,305	85,516
Contingent value rights (Note 3)	33,344	0
Total current liabilities	1,096,682	814,306
Lease liability	147,326	169,911
Total liabilities	1,244,008	984,217
SHAREHOLDERS' EQUITY
Common shares (Note 11)	302,469,647	302,469,647
Contributed surplus	20,625,372	20,625,372
Stock options (Note 9)	20,752,893	20,752,893
Accumulated deficit	(266,045,150)	(264,563,178)
Total shareholders' equity	77,802,762	79,284,734
Total liabilities and shareholders' equity	$ 79,046,770	$ 80,268,951

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
INCOME (LOSS)
Interest income	$ 202,317	$ 530,638
Loss on marketable equity securities	(44,726)	(14,126)
Foreign currency gain (loss)	(40,621)	290,266
Total INCOME (LOSS)	116,970	806,778
EXPENSES
Corporate general and administrative (Note 3)	1,213,413	1,156,848
Contingent value rights (Note 3)	32,654	0
Siembra Minera Project costs (Note 7)	377,042	1,837,862
Legal and accounting	187,132	380,362
Arbitration and settlement (Note 3)	277,486	84,102
Equipment holding costs	108,573	107,962
Total EXPENSES	2,196,300	3,567,136
Net loss before income tax	(2,079,330)	(2,760,358)
Income tax benefit (Note 10)	597,358	0
Net loss and comprehensive loss for the period	$ (1,481,972)	$ (2,760,358)
Net loss per share, basic and diluted	$ (0.01)	$ (0.03)
Weighted average common shares outstanding, basic and diluted	99,395,048	99,395,048

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)	Total	Common Shares	Common Shares Amount	Contributed Surplus	Stock Options	Accumulated Deficit
Balance			$ 378,009,884	$ 20,625,372	$ 20,721,850	$ (251,416,280)
Balance (in shares)		99,395,048
Net loss for the period	$ (2,760,358)
Net loss for the period						(2,760,358)
Stock option compensation (Note 9)					31,043
Balance at Mar. 31, 2019			378,009,884	20,625,372	20,752,893	(254,176,638)
Balance (in shares) at Mar. 31, 2019		99,395,048
Balance at Dec. 31, 2019	79,284,734		302,469,647	20,625,372	20,752,893	(264,563,178)
Balance (in shares) at Dec. 31, 2019		99,395,048
Net loss for the period	(1,481,972)					(1,481,972)
Balance at Mar. 31, 2020			$ 302,469,647	$ 20,625,372	$ 20,752,893	$ (266,045,150)
Balance at Mar. 31, 2020	$ 77,802,762
Balance (in shares)		99,395,048

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Mar. 31, 2020	Mar. 31, 2019
Cash Flows from Operating Activities:
Net loss for the period	$ (1,481,972)	$ (2,760,358)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock option compensation	0	31,043
Depreciation	33,029	12,294
Loss on marketable equity securities	44,726	14,126
Deferred tax	(597,358)	0
Changes in non-cash working capital:
Decrease in income tax receivable	3,204,812	0
Net decrease in deposits, advances and other	410,986	1,153,309
Net increase in payables and accrued expenses	280,968	369,143
Net cash provided by (used in) operating activities	1,895,191	(1,180,443)
Cash Flows from Investing Activities:
Purchase of property, plant and equipment	0	(1,250)
Net cash used in investing activities	0	(1,250)
Change in Cash and Cash Equivalents:
Net increase (decrease) in cash and cash equivalents	1,895,191	(1,181,693)
Cash and cash equivalents - beginning of period	61,822,137	147,646,353
Cash and cash equivalents - end of period	$ 63,717,328	$ 146,464,660

New Accounting Policies:

3 Months Ended

Mar. 31, 2020

New Accounting Policies: [Abstract]

New Accounting Policies:

Note 2. New Accounting Policies:

Recently issued accounting pronouncements

In January 2020, the FASB issued ASU 2020-01, Investments - Equity Securities (Topic 321), Investments - Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815). This update is intended to clarify certain interactions between Topics which guide the accounting for certain equity securities and investments under the equity method of accounting. These amendments improve current GAAP by reducing diversity in practice and increasing comparability of the accounting for these interactions. This update is effective for us commencing with the annual period beginning after December 15, 2020, including interim periods within that year. We do not expect the adoption of this standard will have a significant impact on our financial statements.

Cash and Cash Equivalents:

3 Months Ended

Mar. 31, 2020

Cash and Cash Equivalents: [Abstract]

Cash and Cash Equivalents:

Note 4. Cash and Cash Equivalents:

		March 31,		December 31,
		2020		2019
Bank deposits	$	55,717,328	$	31,499,893
Short term investments		8,000,000		30,322,244
Total	$	63,717,328	$	61,822,137

Short term investments include money market funds and US treasury bills which mature in three months or less.

Payments made by Venezuela associated with the Settlement have been deposited into a trust account (the "Trust Account") for the benefit of the Company at Banco de Desarrollo Económico y Social de Venezuela ("Bandes Bank"), a Venezuelan state-owned development bank. As Bandes Bank has been designated as an SDN, in 2018 the Company recorded an impairment loss on the remaining balance in the account and considers the Trust Account to be blocked property and not recoverable for accounting purposes. The Trust Account and the approximately $21.5 million therein will remain blocked property until the U.S. government delists Bandes Bank as an SDN or issues a specific license to the Company to unblock this property.

Marketable Securities:

3 Months Ended

Mar. 31, 2020

Marketable Securities: [Abstract]

Marketable Securities:

Note 5. Marketable Securities:

		March 31,		December 31,
		2020		2019
Equity securities
Fair value at beginning of period	$	177,945	$	287,638
Decrease in fair value		(44,726)		(109,693)
Fair value at balance sheet date	$	133,219	$	177,945

Marketable equity securities are classified as trading securities and accounted for at fair value, based on quoted market prices with unrealized gains or losses recorded in the Consolidated Statements of Operations.

Accounting Standards Codification ("ASC") 820 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels: Level 1 inputs are quoted prices in active markets for identical assets or liabilities, Level 2 inputs are inputs other than quoted prices included within Level 1 that are directly or indirectly observable for the asset or liability and Level 3 inputs are unobservable inputs for the asset or liability that reflect the entity's own assumptions. The fair values of the Company's marketable equity securities as at the balance sheet date are based on Level 1 inputs.

Property, Plant and Equipment:

3 Months Ended

Mar. 31, 2020

Property, Plant and Equipment: [Abstract]

Property, Plant and Equipment:

Note 6. Property, Plant and Equipment:

				Accumulated
		Cost		Depreciation		Net
March 31, 2020
Machinery and equipment	$	5,609,567	$	-	$	5,609,567
Furniture and office equipment		479,579		(366,953)		112,626
Transportation equipment		491,025		(157,378)		333,647
Leasehold improvements		51,658		(19,805)		31,853
Mineral property		350,000		-		350,000
	$	6,981,829	$	(544,136)	$	6,437,693

				Accumulated
		Cost		Depreciation		Net
December 31, 2019
Machinery and equipment	$	5,609,567	$	-	$	5,609,567
Furniture and office equipment		479,579		(360,224)		119,355
Transportation equipment		491,025		(132,827)		358,198
Leasehold improvements		51,658		(18,056)		33,602
Mineral property		350,000		-		350,000
	$	6,981,829	$	(511,107)	$	6,470,722

Machinery and equipment consists of infrastructure and milling equipment originally intended for use on the Brisas Project. We evaluate our equipment to determine whether events or changes in circumstances have occurred that may indicate that the carrying amount may not be recoverable. We regularly obtain comparable market data for similar equipment as evidence that fair value less cost to sell is in excess of the carrying amount. No impairment write-downs of property, plant and equipment were recorded during the three months ended March 31, 2020 and 2019.

Empresa Mixta Ecosocialista Siembra Minera, S.

3 Months Ended

Mar. 31, 2020

Empresa Mixta Ecosocialista Siembra Minera, S. [Abstract]

Empresa Mixta Ecosocialista Siembra Minera, S.

Note 7. Empresa Mixta Ecosocialista Siembra Minera, S.A.:

In October 2016, together with an affiliate of the government of Venezuela, we established Siembra Minera. The primary purpose of this entity is to develop the Siembra Minera Project, as defined below.

Siembra Minera is beneficially owned 55% by Corporacion Venezolana de Mineria, S.A., a Venezuelan government corporation, and 45% by Gold Reserve. Siembra Minera (pursuant to the agreement which governs the formation and operation of Siembra Minera) holds certain gold, copper, silver and other strategic mineral rights (primarily comprised of the Brisas and Las Cristinas concessions) contained within Bolivar State comprising the Siembra Minera Project (which has a twenty year term with two ten year extensions) and is, among other things authorized, via current or future Presidential Decrees and Ministerial resolutions, to carry on its business, pay a net smelter return royalty to Venezuela on the future sale of gold, copper, silver and any other strategic minerals over the life of the Siembra Minera Project and provide net profits participation based on the sales price of gold per ounce. A number of authorizations, which still have not been provided by the current administration, are critical to the future operation and economics of the Siembra Minera Project. Pursuant to the Settlement Agreement, both parties will retain their respective interest in Siembra Minera in the event all of the agreed upon Settlement Agreement payments are not made by Venezuela.

On March 16, 2018, the Company announced the completion of a technical report for the Preliminary Economic Assessment ("PEA") for the Siembra Minera Project in accordance with Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects which included, among other information, resource estimates, pit design, mine plan, flowsheet design, design criteria, project layout, infrastructure requirements, capital and operating estimates. The Company has directly incurred the costs associated with the Siembra Minera Project outside of Siembra Minera, which beginning in 2016 through March 31, 2020, amounted to a total of approximately $19.9 million. The Siembra Minera Project expenditures primarily include costs associated with the completion of the PEA that included a number of engineering, environmental and social third party advisors as well as costs associated with a number of social work programs in the vicinity of the Siembra Minera Project, which are expensed as incurred and classified within "Siembra Minera Project Costs" in the Consolidated Statements of Operations.

In addition to other constraints, the Sanctions restrict the Company from working with those Venezuelan government officials responsible for the operation of Siembra Minera and the development of the Siembra Minera Project which, until Sanctions are lifted, obstructs our ability to develop the Siembra Minera Project as originally planned.

Stock Based Compensation Plans:

3 Months Ended

Mar. 31, 2020

Stock Based Compensation Plans: [Abstract]

Stock Based Compensation Plans:

Note 9. Stock Based Compensation Plans:

Equity Incentive Plans

The Company's equity incentive plan provides for the grant of stock options to purchase up to a maximum of 8,750,000 of the Class A common shares. As of March 31, 2020, there were 2,307,000 options available for grant. Grants are made for terms of up to ten years with vesting periods as required by the TSXV and as may be determined by a committee of the Board established pursuant to the equity incentive plan.

Stock option transactions for the three months ended March 31, 2020 and 2019 are as follows:

	2020		2019
	Shares	Weighted Average Exercise Price	Shares	Weighted Average Exercise Price
Options outstanding - beginning of period	4,369,565	$ 3.09	4,554,565	$ 3.11

Options outstanding - end of period	4,369,565	$ 3.09	4,554,565	$ 3.11

Options exercisable - end of period	4,369,565	$ 3.09	4,554,565	$ 3.11

The following table relates to stock options at March 31, 2020:

	Outstanding Options				Exercisable Options
Exercise Price	Number	Weighted Average Exercise Price	Aggregate Intrinsic Value	Weighted Average Remaining Contractual Term (Years)	Number	Weighted Average Exercise Price	Aggregate Intrinsic Value	Weighted Average Remaining Contractual Term (Years)
$1.92	444,922	$1.92	$ -	1.19	444,922	$1.92	$ -	1.19
$2.69	125,000	$2.69	-	7.08	125,000	$2.69	-	7.08
$3.15	3,369,643	$3.15	-	6.88	3,369,643	$3.15	-	6.88
$3.91	180,000	$3.91	-	5.25	180,000	$3.91	-	5.25
$4.02	250,000	$4.02	-	4.32	250,000	$4.02	-	4.32
$1.92 - $4.02	4,369,565	$3.09	$ -	6.09	4,369,565	$3.09	$ -	6.09

No options were granted during the three month periods ended March 31, 2020 and 2019. The Company recorded non-cash compensation expense during the three months ended March 31, 2020 and 2019 of approximately NIL and $31,000, respectively for stock options granted in prior periods.

Change of Control Agreements

The Company maintains change of control agreements with certain officers and employees. A Change of Control is generally defined as one or more of the following: the acquisition by any individual, entity or group, of beneficial ownership of the Company of 25 percent of the voting power of the outstanding Common Shares; a change in the composition of the Board that causes less than a majority of the current directors of the Board to be members of the incoming board; reorganization, merger or consolidation or sale or other disposition of all or substantially all of the assets of the Company; liquidation or dissolution of the Company; or any other event the Board reasonably determines constitutes a Change of Control. As of March 31, 2020, the amount payable under the change of control agreements, in the event of a Change of Control, was approximately $7.1 million, which has not been recognized herein as no event of a change of control has been triggered as of the date of this report.

Income Tax:

3 Months Ended

Mar. 31, 2020

Income Tax: [Abstract]

Income Tax:

Note 10. Income Tax:

Income tax benefit for the three months ended March 31, 2020 and 2019 differs from the amount that would result from applying Canadian tax rates to net income before taxes. These differences result from the items noted below:

	2020		2019
	Amount	%	Amount	%
Income tax benefit based on Canadian tax rates	$ (519,833)	(25)	$ (690,090)	(25)
Increase (decrease) due to:
Different tax rates on foreign subsidiaries	34,139	2	96,812	4
Non-deductible expenses	9,882	-	7,349	-
Change in valuation allowance and other	(121,546)	(6)	585,929	21
	$ (597,358)	(29)	$ -	-

The Company recorded income tax benefit of $0.6 million and NIL for the three months ended March 31, 2020 and 2019, respectively. We have recorded a valuation allowance to reflect the estimated amount of the deferred tax assets which may not be realized, principally due to the uncertainty of utilization of net operating losses and other carry forwards prior to expiration. The valuation allowance for deferred tax assets may be reduced in the near term if our estimate of future taxable income changes. As part of the US government response to the COVID-19 pandemic, the U.S. Congress passed the CARES act in late March 2020 which, among other things, allows companies to carryback losses incurred in 2018, 2019 and 2020. The Company expects that its U.S. taxable losses incurred in 2020 and 2019 will be carried back to offset taxable income in 2018. Accordingly, the Company has reduced its valuation allowance to account for the tax effect of its net operating losses in 2019 and the first quarter of 2020 and recorded a deferred tax asset of approximately $0.6 million. The Company has an income tax receivable of $7.6 million related to prior year overpayments, which includes $4.3 million recorded during the year ended December 31, 2019, resulting from revisions to management's estimates of the timing and amount of deductions available to the Company's U.S. subsidiary associated with the write-off of certain subsidiaries.

The components of the Canadian and U.S. deferred income tax assets and liabilities as of March 31, 2020 and December 31, 2019 were as follows:


		March 31,		December 31,
		2020		2019
Deferred income tax assets
Net operating loss carry forwards	$	32,136,101	$	34,569,939
Property, Plant and Equipment		4,742,876		4,742,961
Other		1,811,546		1,623,503
		38,690,523		40,936,403
Valuation allowance		(38,081,177)		(40,915,022)
	$	609,346	$	21,381

Deferred income tax liabilities
Other		(11,988)		(21,381)
Net deferred income tax asset	$	597,358	$	-

At March 31, 2020, we had the following U.S. and Canadian tax loss carry forwards stated in U.S. dollars.

	U.S.	Canadian	Expires
$		1,850,408	2026
		3,434,116	2027
		13,089,285	2028
		12,404,812	2029
		15,325,456	2030
		17,160,962	2031
		4,979,123	2032
		7,238,620	2033
		8,387,038	2034
		11,971,878	2035
		14,233,304	2036
		10,733,864	2037
		387,554	2038
		3,883,938	2039
		1,074,612	2040
	2,844,563		-
$	2,844,563	126,154,970

Return of Capital:

3 Months Ended

Mar. 31, 2020

Return of Capital: [Abstract]

Return of Capital:

Note 11. Return of Capital:

In June 2019, the Company completed a return of capital transaction by way of a court-approved plan of arrangement transaction under the Business Corporations Act (Alberta) which required approval by the Alberta Court of Queen's Bench and at least two-thirds of the votes of shareholders. Pursuant to the plan of arrangement, the Company returned to holders of its Class A common shares approximately $76 million or $0.76 per Class A Share.

Cash and Cash Equivalents: (Tables)

3 Months Ended

Mar. 31, 2020

Cash and Cash Equivalents: (Tables) [Abstract]

Cash and Cash Equivalents:

Note 4. Cash and Cash Equivalents:

		March 31,		December 31,
		2020		2019
Bank deposits	$	55,717,328	$	31,499,893
Short term investments		8,000,000		30,322,244
Total	$	63,717,328	$	61,822,137

Marketable Securities: (Tables)

3 Months Ended

Mar. 31, 2020

Marketable Securities: (Tables) [Abstract]

Marketable Securities:

Note 5. Marketable Securities:

		March 31,		December 31,
		2020		2019
Equity securities
Fair value at beginning of period	$	177,945	$	287,638
Decrease in fair value		(44,726)		(109,693)
Fair value at balance sheet date	$	133,219	$	177,945

Property, Plant and Equipment: (Tables)

3 Months Ended

Mar. 31, 2020

Property, Plant and Equipment: (Tables) [Abstract]

Property, Plant and Equipment:

Note 6. Property, Plant and Equipment:

				Accumulated
		Cost		Depreciation		Net
March 31, 2020
Machinery and equipment	$	5,609,567	$	-	$	5,609,567
Furniture and office equipment		479,579		(366,953)		112,626
Transportation equipment		491,025		(157,378)		333,647
Leasehold improvements		51,658		(19,805)		31,853
Mineral property		350,000		-		350,000
	$	6,981,829	$	(544,136)	$	6,437,693

				Accumulated
		Cost		Depreciation		Net
December 31, 2019
Machinery and equipment	$	5,609,567	$	-	$	5,609,567
Furniture and office equipment		479,579		(360,224)		119,355
Transportation equipment		491,025		(132,827)		358,198
Leasehold improvements		51,658		(18,056)		33,602
Mineral property		350,000		-		350,000
	$	6,981,829	$	(511,107)	$	6,470,722

Stock Based Compensation Plans: (Tables)

3 Months Ended

Mar. 31, 2020

Stock Based Compensation Plans: (Tables) [Abstract]

Stock Option Transactions

Stock option transactions for the three months ended March 31, 2020 and 2019 are as follows:

	2020		2019
	Shares	Weighted Average Exercise Price	Shares	Weighted Average Exercise Price
Options outstanding - beginning of period	4,369,565	$ 3.09	4,554,565	$ 3.11

Options outstanding - end of period	4,369,565	$ 3.09	4,554,565	$ 3.11

Options exercisable - end of period	4,369,565	$ 3.09	4,554,565	$ 3.11

Options Outstanding and Exercisable

The following table relates to stock options at March 31, 2020:

	Outstanding Options				Exercisable Options
Exercise Price	Number	Weighted Average Exercise Price	Aggregate Intrinsic Value	Weighted Average Remaining Contractual Term (Years)	Number	Weighted Average Exercise Price	Aggregate Intrinsic Value	Weighted Average Remaining Contractual Term (Years)
$1.92	444,922	$1.92	$ -	1.19	444,922	$1.92	$ -	1.19
$2.69	125,000	$2.69	-	7.08	125,000	$2.69	-	7.08
$3.15	3,369,643	$3.15	-	6.88	3,369,643	$3.15	-	6.88
$3.91	180,000	$3.91	-	5.25	180,000	$3.91	-	5.25
$4.02	250,000	$4.02	-	4.32	250,000	$4.02	-	4.32
$1.92 - $4.02	4,369,565	$3.09	$ -	6.09	4,369,565	$3.09	$ -	6.09

Income Tax: (Tables)

3 Months Ended

Mar. 31, 2020

Income Tax: (Tables) [Abstract]

Income tax expense (benefit)

	2020		2019
	Amount	%	Amount	%
Income tax benefit based on Canadian tax rates	$ (519,833)	(25)	$ (690,090)	(25)
Increase (decrease) due to:
Different tax rates on foreign subsidiaries	34,139	2	96,812	4
Non-deductible expenses	9,882	-	7,349	-
Change in valuation allowance and other	(121,546)	(6)	585,929	21
	$ (597,358)	(29)	$ -	-

Net Deferred Income Tax Asset

The components of the Canadian and U.S. deferred income tax assets and liabilities as of March 31, 2020 and December 31, 2019 were as follows:


		March 31,		December 31,
		2020		2019
Deferred income tax assets
Net operating loss carry forwards	$	32,136,101	$	34,569,939
Property, Plant and Equipment		4,742,876		4,742,961
Other		1,811,546		1,623,503
		38,690,523		40,936,403
Valuation allowance		(38,081,177)		(40,915,022)
	$	609,346	$	21,381

Deferred income tax liabilities
Other		(11,988)		(21,381)
Net deferred income tax asset	$	597,358	$	-

Loss carryforwards

At March 31, 2020, we had the following U.S. and Canadian tax loss carry forwards stated in U.S. dollars.

	U.S.	Canadian	Expires
$		1,850,408	2026
		3,434,116	2027
		13,089,285	2028
		12,404,812	2029
		15,325,456	2030
		17,160,962	2031
		4,979,123	2032
		7,238,620	2033
		8,387,038	2034
		11,971,878	2035
		14,233,304	2036
		10,733,864	2037
		387,554	2038
		3,883,938	2039
		1,074,612	2040
	2,844,563		-
$	2,844,563	126,154,970

The Company and Significant Accounting Policies: (Details Text)	Mar. 31, 2020
The Company and Significant Accounting Policies: [Abstract]
Siembra Minera beneficial ownership by Venezuela	55.00%
Siembra Minera beneficial ownership by Company	45.00%

Arbitral Award, Settlement Agreement and Mining Data Sale: (Details Text) $ in Thousands	Mar. 31, 2020 USD ($)
Arbitral Award, Settlement Agreement and Mining Data Sale: [Abstract]
Total Award	$ 740,300
Settlement Agreement	1,032,000
Venezuela agreed to pay to satisfy award	792,000
Venezuela agreed to pay for mining data	240,000
Payments made pursuant to settlement agreement	254,000
Amount remaining in trust account	21,500
Amount due and unpaid including interest	888,000
Interest due	$ 110,000
Amount of proceeds cvr holders entitled to	5.466%
Cumulative amount paid to cvr holders	$ 10,000
Increase in obligation to cvr holders	$ 30
Bonus percentage of first two hundred million collected	1.28%
Bonus percentage Thereafter	6.40%
Cumulative amount paid to bonus plan participants	$ 4,400
Increase in obligation to bonus plan participants	$ 40

Cash and Cash Equivalents: (Details 1) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Cash And Cash Equivalents Detailsabstract [Abstract]
Bank deposits	$ 55,717,328	$ 31,499,893
Short term investments	8,000,000	30,322,244
Total	$ 63,717,328	$ 61,822,137

Cash and Cash Equivalents: (Details Text) $ in Millions	12 Months Ended
Cash and Cash Equivalents: (Details Text) $ in Millions	Dec. 31, 2018 USD ($)
Cash And Cash Equivalents Details Textabstract [Abstract]
Impairment loss	$ 21.5

Marketable Securities: (Details 1) - USD ($)	3 Months Ended	12 Months Ended
Marketable Securities: (Details 1) - USD ($)	Mar. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Equity securities
Fair value at beginning of period			$ 287,638
Decrease in fair value	$ (44,726)	$ (109,693)
Fair value at balance sheet date	$ 133,219	$ 177,945

Property, Plant and Equipment: (Details 1) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Property Plant And Equipment Detailsabstract [Abstract]
Cost: Machinery and equipment	$ 5,609,567	$ 5,609,567
Accumulated Depreciation: Machinery and equipment	0	0
Net: Machinery and equipment	5,609,567	5,609,567
Cost: Furniture and office equipment	479,579	479,579
Accumulated Depreciation: Furniture and office equipment	(366,953)	(360,224)
Net: Furniture and office equipment	112,626	119,355
Cost: Transportation equipment	491,025	491,025
Accumulated Depreciation: Transportation equipment	(157,378)	(132,827)
Net: Transportation equipment	333,647	358,198
Cost: Leasehold improvements	51,658	51,658
Accumulated Depreciation: Leasehold improvements	(19,805)	(18,056)
Net: Leasehold improvements	31,853	33,602
Cost: Mineral property	350,000	350,000
Accumulated Depreciation: Mineral property	0	0
Net: Mineral property	350,000	350,000
Total cost property, plant and equipment	6,981,829	6,981,829
Total Accumulated Depreciation property, plant and equipment	(544,136)	(511,107)
Total net, property, plant and equipment	$ 6,437,693	$ 6,470,722

Empresa Mixta Ecosocialista Siembra Minera, S. (Details Text) $ in Millions	Mar. 31, 2020 USD ($)
Empresa Mixta Ecosocialista Siembra Minera, S. [Abstract]
Siembra Minera beneficial ownership by Venezuela	55.00%
Siembra Minera beneficial ownership by Company	45.00%
Cumulative expenditures associated with Siembra Minera	$ 19.9

KSOP Plan: (Details Text) - USD ($)	3 Months Ended	12 Months Ended
KSOP Plan: (Details Text) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
KSOP Plan: [Abstract]
Cash contributions to the plan	$ 0	$ 171,000

Stock Based Compensation Plans: (Details 1) - $ / shares	Mar. 31, 2020	Mar. 31, 2019
Stock Based Compensation Plans Details One [Abstract]
Options outstanding - beginning of period	4,369,565	4,554,565
Weighted average exercise price - options outstanding	$ 3.09	$ 3.11
Options exercisable - end of period	4,369,565	4,554,565
Weighted average exercise price - options exercisable	$ 3.09	$ 3.11
Options outstanding - end of period	4,369,565	4,554,565

Stock Based Compensation Plans: (Details 2)	3 Months Ended
Stock Based Compensation Plans: (Details 2)	Mar. 31, 2020 USD ($) $ / shares shares
Stock Based Compensation Plans Details Two [Abstract]
Outstanding Options Number: $1.92 \| shares	444,922
Outstanding Options Weighted Average Exercise Price: $1.92 \| $ / shares	$ 1.92
Outstanding Options Aggregate Intrinsic Value: $1.92 \| $	$ 0
Outstanding Options Weighted Average Remaining Contractual Term (Years): $1.92	1 year 69 days
Exercisable Options Number: $1.92 \| shares	444,922
Exercisable Options Weighted Average Exercise Price: $1.92 \| $ / shares	$ 1.92
Exercisable Options Aggregate Intrinsic Value: $1.92 \| $	$ 0
Exercisable Options Weighted Average Remaining Contractual Term (Years): $1.92	1 year 69 days
Outstanding Options Number: $2.69 \| shares	125,000
Outstanding Options Weighted Average Exercise Price: $2.69 \| $ / shares	$ 2.69
Outstanding Options Aggregate Intrinsic Value: $2.69 \| $	$ 0
Outstanding Options Weighted Average Remaining Contractual Term (Years): $2.69	7 years 29 days
Exercisable Options Number: $2.69 \| shares	125,000
Exercisable Options Weighted Average Exercise Price: $2.69 \| $ / shares	$ 2.69
Exercisable Options Aggregate Intrinsic Value: $2.69 \| $	$ 0
Exercisable Options Weighted Average Remaining Contractual Term (Years): $2.69	7 years 29 days
Outstanding Options Number: $3.15 \| shares	3,369,643
Outstanding Options Weighted Average Exercise Price: $3.15 \| $ / shares	$ 3.15
Outstanding Options Aggregate Intrinsic Value: $3.15 \| $	$ 0
Outstanding Options Weighted Average Remaining Contractual Term (Years): $3.15	6 years 321 days
Exercisable Options Number: $3.15 \| shares	3,369,643
Exercisable Options Weighted Average Exercise Price: $3.15 \| $ / shares	$ 3.15
Exercisable Options Aggregate Intrinsic Value: $3.15 \| $	$ 0
Exercisable Options Weighted Average Remaining Contractual Term (Years): $3.15	6 years 321 days
Outstanding Options Number: $3.91 \| shares	180,000
Outstanding Options Weighted Average Exercise Price: $3.91 \| $ / shares	$ 3.91
Outstanding Options Aggregate Intrinsic Value: $3.91 \| $	$ 0
Outstanding Options Weighted Average Remaining Contractual Term (Years): $3.91	5 years 91 days
Exercisable Options Number: $3.91 \| shares	180,000
Exercisable Options Weighted Average Exercise Price: $3.91 \| $ / shares	$ 3.91
Exercisable Options Aggregate Intrinsic Value: $3.91 \| $	$ 0
Exercisable Options Weighted Average Remaining Contractual Term (Years): $3.91	5 years 91 days
Outstanding Options Number: $4.02 \| shares	250,000
Outstanding Options Weighted Average Exercise Price: $4.02 \| $ / shares	$ 4.02
Outstanding Options Aggregate Intrinsic Value: $4.02 \| $	$ 0
Outstanding Options Weighted Average Remaining Contractual Term (Years): $4.02	4 years 117 days
Exercisable Options Number: $4.02 \| shares	250,000
Exercisable Options Weighted Average Exercise Price: $4.02 \| $ / shares	$ 4.02
Exercisable Options Aggregate Intrinsic Value: $4.02 \| $	$ 0
Exercisable Options Weighted Average Remaining Contractual Term (Years): $4.02	4 years 117 days
Outstanding Options Number: $1.92 - $4.02 \| shares	4,369,565
Outstanding Options Weighted Average Exercise Price: $1.92 - $4.02 \| $ / shares	$ 3.09
Outstanding Options Aggregate Intrinsic Value: $1.92 - $4.02 \| $	$ 0
Outstanding Options Weighted Average Remaining Contractual Term (Years): $1.92 - $4.02	6 years 33 days
Exercisable Options Number: $1.92 - $4.02 \| shares	4,369,565
Exercisable Options Weighted Average Exercise Price: $1.92 - $4.02 \| $ / shares	$ 3.09
Exercisable Options Aggregate Intrinsic Value: $1.92 - $4.02 \| $	$ 0
Exercisable Options Weighted Average Remaining Contractual Term (Years): $1.92 - $4.02	6 years 33 days

Stock Based Compensation Plans: (Details Text) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Stock Based Compensation Plans Details Text [Abstract]
Maximum number of options available under the plan	8,750
Options available for grant	2,300
Maximum term of options	10 years
Non-cash compensation expense	$ 0	$ 31
Amount payable in event of change of control	$ 7,100

Income Tax: (Details 1) - USD ($)	3 Months Ended
Income Tax: (Details 1) - USD ($)	Mar. 31, 2020	Mar. 31, 2019
Income Tax Details Oneabstract [Abstract]
Income tax benefit based on Canadian tax rates	$ (519,833)	$ (690,090)
Increase (decrease) due to:
Different tax rates on foreign subsidiaries	34,139	96,812
Non-deductible expenses	9,882	7,349
Change in valuation allowance and other	(121,546)	585,929
Income tax benefit	$ (597,358)	$ 0

Income Tax: (Details 2) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Deferred income tax assets
Net operating loss carry forwards	$ 32,136,101	$ 34,569,939
Property, Plant and Equipment	4,742,876	4,742,961
Other deferred tax assets	1,811,546	1,623,503
Total deferred tax assets	38,690,523	40,936,403
Valuation allowance	(38,081,177)	(40,915,022)
Net deferred tax assets	609,346	21,381
Deferred income tax liabilities
Other deferred tax liability	(11,988)	(21,381)
Net deferred income tax asset	$ 597,358	$ 0

Income Tax: (Details 3)	Mar. 31, 2020 USD ($)
Income Tax Details Threeabstract [Abstract]
Canadian tax loss carryforward expiring 2026	$ 1,850,408
Canadian tax loss carryforward expiring 2027	3,434,116
Canadian tax loss carryforward expiring 2028	13,089,285
Canadian tax loss carryforward expiring 2029	12,404,812
Canadian tax loss carryforward expiring 2030	15,325,456
Canadian tax loss carryforward expiring 2031	17,160,962
Canadian tax loss carryforward expiring 2032	4,979,123
Canadian tax loss carryforward expiring 2033	7,238,620
Canadian tax loss carryforward expiring 2034	8,387,038
Canadian tax loss carryforward expiring 2035	11,971,878
Canadian tax loss carryforward expiring 2036	14,233,304
Canadian tax loss carryforward expiring 2037	10,733,864
Canadian tax loss carryforward expiring 2038	387,554
Canadian tax loss carryforward expiring 2039	3,883,938
Canadian tax loss carryforward expiring 2040	1,074,612
Total Canadian tax loss carryforward	126,154,970
Total US tax loss carryforward	$ 2,844,563

Income Tax: (Details Text) - USD ($) $ in Millions	3 Months Ended
Income Tax: (Details Text) - USD ($) $ in Millions	Mar. 31, 2020	Mar. 31, 2019
Income Tax Details Textabstract [Abstract]
Income tax benefit recorded by the Company	$ 0.6	$ 0.0
The Company's income tax receivable	7.6
The Company's income tax receivable relating to 2019 revisions of estimates	$ 4.3

Return of Capital: (Details Text) $ / shares in Units, $ in Millions	1 Months Ended
	Jun. 30, 2019 USD ($) $ / shares
Return of Capital: [Abstract]
Returned to shareholders \| $	$ 76
Returned to shareholders per share \| $ / shares	$ 0.76