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Barkerville Gold Mns Ltd BGMZF

Barkerville Gold Mines Ltd is a Canada based company operates in the business of Gold. It is engaged in the production and sale of gold, and the exploration, development, and acquisition of mineral properties in British Columbia. The mineral tenures cover approximately 2,000 square kilometres. The company primarily holds interests in Cariboo Gold Belt District, Island Mountain, Cow Mountain and Barkerville Mountain.


OTCQX:BGMZF - Post by User

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Post by Czechlateon Jan 29, 2015 11:26pm
100 Views
Post# 23380586

Net loss last 3 mos $4.2 mil last 9 mos $11.7 mil.

Net loss last 3 mos $4.2 mil last 9 mos $11.7 mil.
Where is all the huge money you said they have been making WangLicker ??And this loss is without them paying a dime back to Sprott. Yet you pumpers trying to put spin on this like its good news. Its getting real old real quick . They should build a skihill on Cow Mountain ,maybe they can turn a profit that way!! LOL Barkerville Gold Mines Ltd. Condensed Consolidated Interim Statement of Loss and Comprehensive Loss (Unaudited) For the period ended November 30, 2014 November 30, 2014 November 30, 2013 November 30, 2014 November 30, 2013 Revenue $ - 11,494,915 $ 20,842,347 $ 36,788 $ Cost of sales and direct costs (Note 7) (11,950,793) - (20,328,759) (19,084) Gross Profit - (455,878) 513,588 17,704 Mine operating expense (Note 19) (847,153) (2,638,899) (3,733,284) (5,040,567) Mine operating income (loss) (2,638,899) (1,303,031) (3,219,696) (5,022,863) Expenses: Exploration (Note 20) 339,840 687,528 2,839,785 1,877,332 Corporate administration (Note 21) 581,449 2,305,952 2,351,885 3,625,181 2,645,792 1,268,977 5,191,670 5,502,513 Loss from operations (5,284,691) (2,572,007) (8,411,366) (10,525,376) Other income (expense): Finance expense (Note 22) (6,661,460) (1,575,212) (4,200,007) (6,354,115) Change in fair value of derivative (Note 15) (129,080) - 868,115 98,900 Gain on disposal of vehicle 3,290 - 3,290 - (6,661,460) (1,701,002) (3,328,602) (6,255,215) Net loss and total comprehensive loss for the period (4,273,009) (11,946,151) (11,739,968) (16,780,591) Loss per common share, basic and diluted (Note 25) $ (0.03) $ (0.11) $ (0.09) $ (0.15) Weighted average number of common shares outstanding (Note 25) 126,634,706 109,763,728 124,882,047 109,555,170 The accompanying notes form an integral part of these condensed consolidated interim financial statements.
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