Midway Gold Corp (MDW) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
POINT AT INVERNESS, SUITE 280 ENGLEWOOD, CO 80112 |
| State of Incorp. | BC |
| Fiscal Year End | December 31 |
| Industry (SIC) | 104 - Gold And Silver Ores (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) (USD)Annual | Quarterly
| 3/31/2015 Q1 | 12/31/2014 Q4 | 9/30/2014 Q3 | 6/30/2014 Q2 | 3/31/2014 Q1 | 12/31/2013 Q4 | 9/30/2013 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 17,398,152 | 22,978,965 | 45,881,898 | 43,529,083 | 51,363,302 | 58,373,402 | |||
| Cash and cash equivalents | 17,398,152 | 22,978,965 | 45,881,898 | 43,529,083 | 51,363,302 | 58,373,402 | |||
| Receivables | 69,920 | 44,411 | 64,852 | 123,343 | 102,897 | 152,194 | |||
| Inventory, net of allowances, customer advances and progress billings | 14,682,609 | 486,238 | ✕ | ✕ | |||||
| Inventory | 14,682,609 | 486,238 | |||||||
| Prepaid expense | 537,022 | 583,297 | |||||||
| Deposits current assets | 83,878 | 37,010 | |||||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | 431,023 | 334,768 | ||
| Other current assets | 553,339 | 1,654,212 | |||||||
| Other undisclosed current assets | 444,870 | 450,669 | |||||||
| Total current assets: | 33,324,920 | 25,784,133 | 46,391,620 | 44,103,095 | 51,897,222 | 58,860,364 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 96,006,319 | 63,766,278 | 39,947,846 | 22,901,258 | 16,750,950 | 12,826,286 | |||
| Derivative instruments and hedges | 107,967 | ||||||||
| Deposits noncurrent assets | 846,491 | 846,491 | 846,491 | 846,491 | 846,491 | 846,491 | |||
| Deferred costs | 4,983,386 | 4,138,031 | |||||||
| Other noncurrent assets | 8,734,235 | 4,248,069 | 1,922,169 | 685,713 | |||||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | ✕ | 405,162 | 76,207 | ||
| Other undisclosed noncurrent assets | 57,298,526 | 56,971,625 | 56,700,436 | 57,118,623 | 51,948,635 | 50,832,471 | |||
| Total noncurrent assets: | 167,976,924 | 129,970,494 | 99,416,942 | 81,552,085 | 69,951,238 | 64,581,455 | |||
| Other undisclosed assets | 2,000,562 | ||||||||
| TOTAL ASSETS: | 201,301,844 | 155,754,627 | 145,808,562 | 125,655,180 | 123,849,022 | 123,441,819 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 10,187,418 | 8,343,044 | 2,637,962 | 2,561,762 | 2,879,730 | 2,202,219 | |||
| Accounts payable | 2,879,730 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | 10,187,418 | 8,343,044 | 2,637,962 | 2,561,762 | 2,202,219 | ||||
| Debt | 10,672,920 | ||||||||
| Asset retirement obligation | 10,110 | 9,761 | 9,299 | 9,634 | 9,269 | ||||
| Other liabilities | 1,594,210 | 963,270 | 763,646 | 781,128 | 1,440,926 | ||||
| Other undisclosed current liabilities | 1,638,409 | 1,581,776 | 1,490,333 | 1,526,914 | 1,506,576 | 2,548,826 | |||
| Total current liabilities: | 24,103,067 | 10,897,851 | 4,901,240 | 4,879,438 | 5,836,501 | 4,751,045 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 32,444,577 | 305,805 | 289,888 | 284,167 | 173,656 | 138,432 | |||
| Long-term debt, excluding current maturities | 32,444,577 | 305,805 | 289,888 | 284,167 | 173,656 | 138,432 | |||
| Liabilities, other than long-term debt | 4,162,169 | 3,532,475 | 2,205,410 | 1,221,452 | 8,241,687 | 12,902,696 | |||
| Asset retirement obligations | 4,128,200 | 3,532,475 | 2,205,410 | 1,221,452 | 51,967 | ||||
| Derivative instruments and hedges, liabilities | 33,969 | 8,189,720 | 12,902,696 | ||||||
| Other undisclosed noncurrent liabilities | (51,967) | ||||||||
| Total noncurrent liabilities: | 36,606,746 | 3,838,280 | 2,495,298 | 1,505,619 | 8,363,376 | 13,041,128 | |||
| Total liabilities: | 60,709,813 | 14,736,131 | 7,396,538 | 6,385,057 | 14,199,877 | 17,792,173 | |||
| Temporary equity, carrying amount | 81,207,000 | 50,738,937 | 49,595,793 | 48,541,241 | 47,482,972 | 46,680,179 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 88,610,776 | 90,279,559 | 88,816,231 | 70,728,882 | 62,166,173 | 58,969,467 | |||
| Preferred stock | 46,680,179 | ||||||||
| Common stock | 176,278,968 | 174,934,487 | 171,970,786 | 142,655,448 | 140,834,370 | 139,557,696 | |||
| Additional paid in capital | 693,126 | 3,210,029 | 6,420,718 | 8,961,583 | 3,195,325 | 5,346,532 | |||
| Accumulated other comprehensive income (loss) | 14,219,007 | 9,220,156 | 2,428,540 | 7,198,945 | 2,126,923 | 270,778 | |||
| Accumulated deficit | (102,580,325) | (97,085,113) | (92,003,813) | ||||||
| Warrants and rights outstanding | 589,637 | 19,638 | |||||||
| Other undisclosed equity, attributable to parent | (88,676,731) | (83,990,445) | (132,905,356) | ||||||
| Other undisclosed equity | (29,225,745) | ||||||||
| Total equity: | 59,385,031 | 90,279,559 | 88,816,231 | 70,728,882 | 62,166,173 | 58,969,467 | |||
| TOTAL LIABILITIES AND EQUITY: | 201,301,844 | 155,754,627 | 145,808,562 | 125,655,180 | 123,849,022 | 123,441,819 | |||
Income Statement (P&L) (USD)Annual | Quarterly
| 3/31/2015 Q1 | 12/31/2014 Q4 | 9/30/2014 Q3 | 6/30/2014 Q2 | 3/31/2014 Q1 | 12/31/2013 Q4 | 9/30/2013 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Gross profit: | (570,952) | (1,468,318) | (705,255) | (618,266) | (1,164,168) | (1,605,572) | ||
| Operating expenses | (7,894,127) | (4,211,999) | (738,813) | (965,152) | (403,267) | (444,413) | ||
| Other undisclosed operating income (loss) | 3,356,919 | 1,132,820 | (2,023,953) | (2,109,313) | (2,429,435) | (1,914,586) | ||
| Operating loss: | (5,108,160) | (4,547,497) | (3,468,021) | (3,692,731) | (3,996,870) | (3,964,571) | ||
| Nonoperating income (expense) | 99,376 | (56,558) | (120,434) | 684 | 6,546,182 | (291,878) | ||
| Investment income, nonoperating | 4,861 | 8,797 | 15,002 | 23,149 | 40,397 | |||
| Gain (loss), foreign currency transaction, before tax | (25,462) | (613) | (3,656) | 1,802,297 | (1,259,322) | |||
| Other nonoperating expense | (35,957) | (128,618) | (10,662) | (11,878) | (15,590) | |||
| Interest and debt expense | (2,239) | (1,124) | (793) | (1,027) | (1,033) | (825) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 2,239 | 1,124 | 793 | 1,027 | 1,033 | 825 | ||
| Income (loss) from continuing operations before income taxes: | (5,008,784) | (4,604,055) | (3,588,455) | (3,692,047) | 2,549,312 | (4,256,449) | ||
| Income tax expense (benefit) | (486,428) | (477,245) | (328,265) | (404,602) | (334,218) | 272,628 | ||
| Income (loss) from continuing operations: | (5,495,212) | (5,081,300) | (3,916,720) | (4,096,649) | 2,215,094 | (3,983,821) | ||
| Income (loss) before gain (loss) on sale of properties: | (5,495,212) | (5,081,300) | (3,916,720) | (4,096,649) | 2,215,094 | (3,983,821) | ||
| Net income (loss) attributable to parent: | (5,495,212) | (5,081,300) | (3,916,720) | (4,096,649) | 2,215,094 | (3,983,821) | ||
| Other undisclosed net loss available to common stockholders, basic | (2,890,837) | (2,734,680) | (2,554,184) | (2,594,817) | (2,318,638) | (2,427,886) | ||
| Net loss available to common stockholders, diluted: | (8,386,049) | (7,815,980) | (6,470,904) | (6,691,466) | (103,544) | (6,411,707) | ||
Comprehensive Income (USD)Annual | Quarterly
| 3/31/2015 Q1 | 12/31/2014 Q4 | 9/30/2014 Q3 | 6/30/2014 Q2 | 3/31/2014 Q1 | 12/31/2013 Q4 | 9/30/2013 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (5,495,212) | (5,081,300) | (3,916,720) | (4,096,649) | 2,215,094 | (3,983,821) | ||
| Other comprehensive income (loss) | 4,998,851 | 6,791,616 | (6,231,078) | 5,072,022 | ||||
| Comprehensive income (loss): | (496,361) | 1,710,316 | (10,147,798) | 975,373 | 2,215,094 | (3,983,821) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 1,856,145 | (1,145,104) | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (496,361) | 1,710,316 | (10,147,798) | 975,373 | 4,071,239 | (5,128,925) | ||
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.