Golden Queen Mining Co LTD (GQM) financial statements (2023 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,7252,93713,30137,58791,4085,0314,031
Cash and cash equivalents5,7252,93713,30137,58791,4085,0314,031
Receivables  3424521417
Inventory, net of allowances, customer advances and progress billings25,0319,02810,9411,852 
Inventory25,0319,02810,9411,852   
Prepaid expense    11563
Advance royalties 304303    
Prepaid expense and other current assets82
Other undisclosed current assets467395274516   
Total current assets:31,22312,66424,85339,97991,5745,1074,130
Noncurrent Assets
Inventory, Noncurrent6,913      
Property, plant and equipment135,818141,84885,20931,069251286298
Restricted cash and investments1,005      
Other undisclosed noncurrent assets3,81130449,64498,39637,69110,3982,138
Total noncurrent assets:147,547142,152134,853129,46537,94310,6842,437
TOTAL ASSETS:178,770154,816159,706169,444129,51715,7926,567
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6,8996,9844,2653,2593,3091,439149
Interest and dividends payable773 296970321  
Other undisclosed accounts payable and accrued liabilities6,1266,9843,9692,2892,9891,439149
Debt31,26815,3415,65640,99620,754  
Derivative instruments and hedges, liabilities3,390   1,830  
Other undisclosed current liabilities7733,4416,7263,468571836
Total current liabilities:42,33025,76616,64747,72226,4641,522155
Noncurrent Liabilities
Long-term debt and lease obligation10,62232,00135,84113,4306904,643 
Long-term debt, excluding current maturities10,62232,00135,84113,4306904,643 
Liabilities, other than long-term debt11,08510,03514,28813,9006245523,998
Asset retirement obligations2,4971,8381,366978624552476
Deferred tax liabilities, net8,5888,19712,92212,922   
Derivative instruments and hedges, liabilities      3,522
Other undisclosed noncurrent liabilities     2,834 
Total noncurrent liabilities:21,70742,03650,12927,3311,3148,0293,998
Total liabilities:64,03767,80266,77675,05327,7799,5514,153
Temporary equity, carrying amount24,28624,21426,21927,124   
Stockholders' equity
Stockholders' equity attributable to parent, including:44,01826,47927,38426,58244,6556,2412,414
Preferred stock     62,289 
Common stock95,57571,12671,06762,86062,709 61,959
Additional paid in capital44,00243,85343,65243,62856,3919,9278,408
Accumulated deficit(95,559)(88,500)(87,335)(79,906)   
Other undisclosed stockholders' equity attributable to parent    (74,445)(65,976)(67,954)
Stockholders' equity attributable to noncontrolling interest46,42936,32139,32740,68634,250  
Total stockholders' equity:90,44762,80066,71167,26878,9056,2412,414
Other undisclosed liabilities and equity    22,834  
TOTAL LIABILITIES AND EQUITY:178,770154,816159,706169,444129,51715,7926,567

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues58,40362,12127,193    
Revenue, net62,12127,193    
Cost of revenue
(Cost of Goods and Services Sold)
(44,491)(56,131)(21,569)   (1,568)
Gross profit:13,9125,9905,624   (1,568)
Operating expenses(5,262)(5,361)(4,308)(1,281)(3,981)2,851(1,322)
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(2,890)
Nonoperating income (expense)(5,460)426(3,491) 1,0045,386 
Investment income, nonoperating3655,9891,840 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(2,890)
Other undisclosed income from continuing operations before income taxes5,9255,217     
Income (loss) from continuing operations before income taxes:(6,488)(10,900)(15,180)(5,940)(4,469)7,348(2,890)
Income tax expense (benefit)(391)4,725     
Income (loss) before gain (loss) on sale of properties:(6,879)(6,175)(15,180)(5,940)(4,469)7,348(2,890)
Other undisclosed net income  5,488    
Net income (loss):(6,879)(6,175)(9,692)(5,940)(4,469)7,348(2,890)
Net income (loss) attributable to noncontrolling interest(180)5,0102,2631,7751,402  
Other undisclosed net income (loss) attributable to parent   (3,071)(6,805)(5,370)1,619
Net income (loss) attributable to parent:(7,059)(1,165)(7,429)(7,236)(9,872)1,978(1,271)
Other undisclosed net income available to common stockholders, basic7,052  1,775   
Net income (loss) available to common stockholders, diluted:(7)(1,165)(7,429)(5,461)(9,872)1,978(1,271)

Comprehensive Income ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):(6,879)(6,175)(9,692)(5,940)(4,469)7,348(2,890)
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(2,890)
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(2,890)

Statements sources

The financial statements are based on the company's filings with the 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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