|
Consolidated Statements of Operations (An Exploration Stage Company) (Unaudited) (CAD)
In Thousands, except Per Share data, unless otherwise specified
|
3 Months Ended |
6 Months Ended |
114 Months Ended |
|
Dec. 31, 2011
|
Dec. 31, 2010
|
Dec. 31, 2011
|
Dec. 31, 2010
|
Dec. 31, 2011
|
| Revenues |
0 |
0 |
0 |
0 |
0 |
| Costs and expenses: |
|
|
|
|
|
| Stock based compensation |
14 |
|
35 |
|
2,957 |
| Exploration expenditure |
383 |
761 |
1,403 |
1,590 |
10,166 |
| Depreciation and amortization |
60 |
128 |
86 |
253 |
1,005 |
| Interest (income) expense, net |
|
(107) |
3 |
(65) |
486 |
| Legal, accounting and professional |
49 |
165 |
160 |
401 |
2,563 |
| Administrative expenses |
364 |
424 |
749 |
995 |
8,137 |
| Total costs and expenses |
870 |
1,371 |
2,436 |
3,174 |
25,314 |
| (Loss) from operations |
(870) |
(1,371) |
(2,436) |
(3,174) |
(25,314) |
| Foreign currency exchange (loss) |
(4) |
(21) |
(20) |
(147) |
(379) |
| Adjustment to fair value on stepped acquisition |
|
|
|
|
7,433 |
| Gain on bargain purchase |
|
|
|
|
10,305 |
| Impairment of mineral rights (notes 8 and 9) |
(33,221) |
|
(33,221) |
|
(33,221) |
| Profit on disposal of plant and equipment |
|
48 |
|
48 |
48 |
| Write off on plant and equipment |
|
(170) |
|
(170) |
(170) |
| Other Income: |
|
|
|
|
|
| Profit from sale of equity investment |
|
|
|
|
1,355 |
| Gain on settlement of guarantee obligation |
|
|
|
|
1,199 |
| Net gain from sale of subsidiary |
|
|
|
|
641 |
| Interest (expense) income - net, related entity |
|
|
|
|
5 |
| Interest (expense) income - other |
|
(34) |
|
1 |
17 |
| (Loss) before income tax and equity in (losses) of unconsolidated entities |
(34,095) |
(1,548) |
(35,677) |
(3,442) |
(38,081) |
| Benefit/(provision) for deferred income taxes (note 13) |
6,333 |
|
6,373 |
(105) |
|
| (Loss) before equity in (losses) of unconsolidated entities |
(27,762) |
(1,548) |
(29,304) |
(3,547) |
(38,081) |
| Equity in (losses) of unconsolidated entities |
|
|
|
|
(26) |
| Net (loss) |
(27,762) |
(1,548) |
(29,304) |
(3,547) |
(38,107) |
| Net loss attributable to non-controlling interests |
9,527 |
347 |
9,925 |
795 |
12,175 |
| Net (loss) attributable to Golden River Resources stockholders |
(18,235) |
(1,201) |
(19,379) |
(2,752) |
(25,932) |
| Basic and diluted net (loss) per common equivalent shares |
|
|
|
|
|
| Net (loss) per share |
(0.32) |
(0.05) |
(0.34) |
(0.11) |
(2.33) |
| Weighted average number of common equivalent shares used per share calculation |
56,807 |
24,712 |
56,807 |
24,435 |
11,132 |