In accordance with National Instrument 51-102 of the Canadian Securities Administrators, the Company discloses that its external auditors have not reviewed the unaudited condensed interim consolidated financial statements for the three months ended March 31, 2023. These condensed interim consolidated financial statements have been prepared by management and approved by the Audit Committee and the Board of Directors of the Company.
Medgold Resources Corp.
(Exploration Stage Company)
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED)
The accompanying notes form an integral part of these condensed interim consolidated financial statements
1
Medgold Resources Corp.
(Exploration Stage Company)
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF LOSS AND COMPREHENSIVE LOSS (UNAUDITED)
(Expressed in Canadian Dollars)
Three months ended March 31,
2023
2022
Exploration expenditures (Notes 9 and 10)
$
42,031
$
93,952
General and administrative expenses
Accretion expense (Note 6)
1,440
-
Depreciation (Note 4)
4,023
7,002
Foreign exchange loss
216
4,375
Legal and accounting
1,191
3,231
Management fees (Note 10)
43,500
21,750
Office and administration
26,219
17,081
Salaries and benefits (Note 10)
32,278
17,870
Shareholder communications
1,365
235
Share-based payments (Notes 8 and 10)
5,513
19,362
Transfer agent and regulatory fees
6,970
7,123
Travel and accommodation
5,781
1,633
128,496
99,662
(170,527)
(193,614)
Interest and other income (Note 5)
308
25,975
Net loss and comprehensive loss for the period
$
(170,219)
$
(167,639)
Loss per share, basic and diluted
$(0.00)
$(0.00)
Weighted average number of shares outstanding
134,789,032
134,789,032
The accompanying notes form an integral part of these condensed interim consolidated financial statements
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Medgold Resources Corp. published this content on 02 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 June 2023 00:02:08 UTC.
Electrum Discovery Corp., formerly Medgold Resources Corp., is a Canada-based mineral exploration and development company. The Company is focused on the Western Tethyan Belt with activities in the Republic of Serbia. It focuses on its copper-gold Timok East Project. The Company holds a portfolio of exploration licenses in Serbia covering close to 1,000 square kilometers.