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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

Bullboard Posts
Comment by halcroon Feb 10, 2015 12:32pm
102 Views
Post# 23414666

RE:Trade payables

RE:Trade payables
GoldExecute wrote: Would anyone care to explain what those are...  Would these be,

Payments to Snowden
Payables to the contract hauling company - The ore didn't get there on its own
Mining contractor
other consultants
Frank
Rent

Are the trade payables actually worked into the cost stated to process the ore?


Amounts owing to Frank, his companies and other related-party entities are separated and show on the balance sheet as "due to related parties: $1,396,284".

As to whether the payables are worked into the cost stated to process the ore, I'd have to surmise that some are, somehow, and that others aren't, somehow. Some of the trade payables will be included in prepaids ($453,983) and inventory ($308,231).
Bullboard Posts