Post by
HEYmoneymoney on Aug 21, 2020 8:51am
GOLD in the ground NO MONEY IN BANK
QMX GOLD CORPORATION -See accompanying notes to the condensed interim consolidated financial statements - 3 in Canadian dollars 2020 2019 2020 2019 Other income and expenses Mine site carrying costs $ (104,271) $ (274,032) (162,456) $ (385,742) Professional, consulting and management 16 (186,512) (101,747) (721,966) (275,961) Other general and administrative expenses (192,290) (143,044) (365,798) (287,991) Depreciation 9 (23,261) (17,752) (35,816) (33,505) Other gains and (losses) 18 383,379 134,527 156,013 180,326 Finance costs 19 (67,764) (70,229) (136,900) (136,187) Loss before income tax (190,719) (472,277) (1,266,923) (939,060) Income tax recovery 20 - - 1,386,000 596,160 Net (loss) income and comprehensive (loss) income for the period $ (190,719) $ (472,277) 119,077 $ (342,900)
Comment by
inviolablspirit on Aug 21, 2020 3:23pm
There's money in the core samples that they are pulling out of the ground. If I recall correctly, Walbridge pulled out over 80 million dollars worth of gold in their samples at a much lower gold price.