CARLIN GOLD CORPORATION CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS | |
(Expressed in Canadian dollars) | |
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2021 | |
Index | Page |
Condensed Consolidated Interim Financial Statements | |
Notice to Reader | 2 |
Condensed Consolidated Interim Statements of Financial Position | 3 |
Condensed Consolidated Interim Statements of Loss and Comprehensive Loss | 4 |
Condensed Consolidated Interim Statements of Equity | 5 |
Condensed Consolidated Interim Statements of Cash Flows | 6 |
Notes to Condensed Consolidated Interim Financial Statements | 7 - 16 |
1
Notice to Reader:
These condensed consolidated interim financial statements of Carlin Gold Corporation (the "Company") have been prepared by management and reviewed by the Audit Committee and approved and authorized for issue by the Board of Directors of the Company. In accordance with National Instrument 51-102 released by the Canadian Securities Administrators, the Company discloses that its external auditors have not reviewed these condensed consolidated interim financial statements, notes to financial statements and the related quarterly Management Discussion and Analysis.
2
Condensed Consolidated Interim Statements of Financial Position As at September 30, 2021 and December 31, 2020 (Expressed in Canadian dollars)
September 30 | December 31 | |||
2021 | 2020 | |||
Assets | ||||
Current assets: | ||||
Cash | $ | 35,042 | $ | 73,878 |
Accounts receivable | 1,436 | 3,692 | ||
Marketable securities (Note 4) | 360,000 | 338,280 | ||
396,478 | 415,850 | |||
Exploration and evaluation properties (Note 5) | 1,890,223 | 1,852,225 | ||
$ | 2,286,701 | $ | 2,268,075 | |
Liabilities | ||||
Current liabilities: | ||||
Trade payables and accrued liabilities | $ | 34,768 | $ | 50,957 |
Other amounts due to related parties (Note 7) | 685,432 | 589,986 | ||
720,200 | 640,943 | |||
Equity | ||||
Share capital (Note 6) | 10,603,291 | 10,603,291 | ||
Reserves - Stock options | 169,627 | 169,627 | ||
Deficit | (9,206,417) | (9,145,786) | ||
1,566,501 | 1,627,132 | |||
$ | 2,286,701 | $ | 2,268,075 |
"K. Wayne Livingstone" | "Robert Culbert" |
Director | Director |
See accompanying notes to condensed consolidated interim financial statements.
3
Condensed Consolidated Interim Statements of Loss and Comprehensive Loss For the three and nine months ended September 30, 2021 and 2020 (Expressed in Canadian dollars)
Three months ended | Nine months ended | |||||||
September 30 | September 30 | |||||||
2021 | 2020 | 2021 | 2020 | |||||
Expenses: | ||||||||
Accounting and audit | $ | 1,473 | $ | 5,207 | $ | 10,146 | $ | 13,207 |
Interest | - | - | - | 186 | ||||
Legal fees | - | 3,487 | 862 | 12,565 | ||||
Management and administration fees (Note 7) | - | 29,263 | 60,000 | 90,000 | ||||
Office | 165 | 576 | 1,806 | 3,809 | ||||
Regulatory fees | - | 200 | 6,979 | 7,679 | ||||
Technical consulting (Note 7) | 7,559 | 16,183 | 22,523 | 24,374 | ||||
Transfer agent fees | 2,520 | 935 | 3,642 | 4,324 | ||||
(11,717) | (55,851) | (105,958) | (156,144) | |||||
Foreign exchange gain | (5,792) | 4,205 | (1,003) | 894 | ||||
Gain on recovery of exploration costs | 137,500 | 273,000 | 137,500 | 298,000 | ||||
Gain (loss) on sale of marketable securities (Note 4) | (8,850) | - | (8,850) | - | ||||
Fair value change of marketable securities (Note 4) | 16,190 | 59,931 | (66,250) | 75,446 | ||||
Write-down of exploration properties (Note 5d) | (12,329) | (15,360) | (16,070) | (17,408) | ||||
Net and comprehensive income (loss) for the period | $ | 115,002 | $ | 265,925 | $ | (60,631) | $ | 200,788 |
Income (loss) per share (basic and diluted) | $ | 0.00 | $ | 0.00 | $ | (0.00) | $ | 0.00 |
Weighted average number of common shares | ||||||||
outstanding | 88,939,464 | 88,939,464 | 88,939,464 | 88,939,464 |
See accompanying notes to condensed consolidated interim financial statements.
4
Condensed Consolidated Interim Statements of Equity For the nine months ended September 30, 2021 and 2020 (Expressed in Canadian dollars)
Share Capital | Reserves | |||||
Number of | Stock | |||||
Shares | Amount | options | Deficit | Total equity | ||
Balance, December 31, 2019 | 88,939,464 | $10,603,291 | $238,542 | ($9,369,438) | $1,472,395 | |
Net income (loss) for the period | - | - | - | 200,788 | 200,788 | |
Balance, September 30, 2020 | 88,939,464 | $10,603,291 | $238,542 | ($9,168,650) | $1,673,183 | |
Cancellation of stock options (Note 6b) | - | - | (68,915) | 68,915 | - | |
Net income (loss) for the period | - | - | - | (46,051) | (46,051) | |
Balance, December 31, 2020 | 88,939,464 | $10,603,291 | $ 169,627 | ($9,145,786) | $ 1,627,132 | |
Net income (loss) for the period | - | - | - | (60,631) | (60,631) | |
Balance, September 30, 2021 | 88,939,464 | $10,603,291 | $169,627 | ($9,206,417) | $1,566,501 |
See accompanying notes to condensed consolidated interim financial statements.
5
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Carlin Gold Corporation published this content on 09 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 December 2021 01:41:02 UTC.
