Golden Queen Mining Co LTD (GQM) Financial Statements (2024 and earlier)

Company Profile

Business Address GOLDEN QUEEN MINING CO. LTD.
VANCOUVER, BC V6E 3X2
State of Incorp. BC
Fiscal Year End December 31
Industry (SIC) 10 - Metal Mining (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2019
MRQ
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 5,7252,93713,30137,58791,4085,031
Cash and cash equivalents 5,7252,93713,30137,58791,4085,031
Receivables   34245214
Inventory, net of allowances, customer advances and progress billings 25,0319,02810,9411,852 
Inventory 25,0319,02810,9411,852  
Prepaid expense     11563
Advance royalties  304303   
Other undisclosed current assets 467395274516  
Total current assets: 31,22312,66424,85339,97991,5745,107
Noncurrent Assets
Inventory, Noncurrent 6,913     
Property, plant and equipment 135,818141,84885,20931,069251286
Restricted cash and investments 1,005     
Other undisclosed noncurrent assets 3,81130449,64498,39637,69110,398
Total noncurrent assets: 147,547142,152134,853129,46537,94310,684
TOTAL ASSETS: 178,770154,816159,706169,444129,51715,792
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 6,8996,9844,2653,2593,3091,439
Interest and dividends payable 773 296970321 
Other undisclosed accounts payable and accrued liabilities 6,1266,9843,9692,2892,9891,439
Debt 31,26815,3415,65640,99620,754 
Derivative instruments and hedges, liabilities 3,390   1,830 
Other undisclosed current liabilities 7733,4416,7263,46857183
Total current liabilities: 42,33025,76616,64747,72226,4641,522
Noncurrent Liabilities
Long-term debt and lease obligation 10,62232,00135,84113,4306904,643
Long-term debt, excluding current maturities 10,62232,00135,84113,4306904,643
Liabilities, other than long-term debt 11,08510,03514,28813,900624552
Asset retirement obligations 2,4971,8381,366978624552
Deferred tax liabilities, net 8,5888,19712,92212,922  
Other undisclosed noncurrent liabilities      2,834
Total noncurrent liabilities: 21,70742,03650,12927,3311,3148,029
Total liabilities: 64,03767,80266,77675,05327,7799,551
Temporary equity, carrying amount 24,28624,21426,21927,124  
Equity
Equity, attributable to parent, including: 44,01826,47927,38426,58244,6556,241
Preferred stock      62,289
Common stock 95,57571,12671,06762,86062,709 
Additional paid in capital 44,00243,85343,65243,62856,3919,927
Accumulated deficit (95,559)(88,500)(87,335)(79,906)  
Other undisclosed equity, attributable to parent     (74,445)(65,976)
Equity, attributable to noncontrolling interest 46,42936,32139,32740,68634,250 
Total equity: 90,44762,80066,71167,26878,9056,241
Other undisclosed liabilities and equity     22,834 
TOTAL LIABILITIES AND EQUITY: 178,770154,816159,706169,444129,51715,792

Income Statement (P&L) ($ in thousands)

3/31/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 58,40362,12127,193   
Revenue, net62,12127,193   
Cost of revenue
(Cost of Goods and Services Sold)
 (44,491)(56,131)(21,569)   
Gross profit: 13,9125,9905,624   
Operating expenses (5,262)(5,361)(4,308)(1,281)(3,981)2,851
Other undisclosed operating loss (9,678)(11,955)(7,517)   
Operating income (loss): (1,028)(11,326)(6,201)(1,281)(3,981)2,851
Nonoperating income (expense) (5,460)426(3,491) 1,0045,386
Investment income, nonoperating 3655,9891,840 1,0045,386
Interest and debt expense (5,925)(5,217)(5,488)(4,659)(1,493)(888)
Income (loss) from continuing operations before equity method investments, income taxes: (12,413)(16,117)(15,180)(5,940)(4,469)7,348
Other undisclosed income from continuing operations before income taxes 5,9255,217    
Income (loss) from continuing operations before income taxes: (6,488)(10,900)(15,180)(5,940)(4,469)7,348
Income tax expense (benefit) (391)4,725    
Income (loss) from continuing operations: (6,879)(6,175)(15,180)(5,940)(4,469)7,348
Income (loss) before gain (loss) on sale of properties: (6,879)(6,175)(15,180)(5,940)(4,469)7,348
Other undisclosed net income   5,488   
Net income (loss): (6,879)(6,175)(9,692)(5,940)(4,469)7,348
Net income (loss) attributable to noncontrolling interest (180)5,0102,2631,7751,402 
Other undisclosed net loss attributable to parent    (3,071)(6,805)(5,370)
Net income (loss) attributable to parent: (7,059)(1,165)(7,429)(7,236)(9,872)1,978
Other undisclosed net income available to common stockholders, basic 7,052  1,775  
Net income (loss) available to common stockholders, diluted: (7)(1,165)(7,429)(5,461)(9,872)1,978

Comprehensive Income ($ in thousands)

3/31/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss): (6,879)(6,175)(9,692)(5,940)(4,469)7,348
Other undisclosed comprehensive income (loss) (72)2,004904(586)(4,841) 
Comprehensive income (loss): (6,951)(4,171)(8,788)(6,526)(9,311)7,348
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (180)5,0102,2631,7751,402 
Other undisclosed comprehensive loss, net of tax, attributable to parent    (710)(561) 
Comprehensive income (loss), net of tax, attributable to parent: (7,131)839(6,525)(5,461)(8,469)7,348

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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