Marimaca Copper Corp.

Condensed Interim Consolidated Financial Statements

For the Three and Six Months Ended June 30, 2023 and 2022

(Unaudited, expressed in thousands of U.S. dollars, except where indicated)

Marimaca Copper Corp.

Condensed Interim Consolidated Statements of Financial Position

As at June 30, 2023, and December 31, 2022.

(Unaudited, expressed in thousands of U.S. dollars, except where indicated)

As at

As at

June 30, 2023

December 31, 2022

Assets

Current assets

Cash

$

7,801

$

14,636

Amounts receivable and prepaid expenses (Note 3(c))

4,947

4,830

12,748

19,466

Non-current assets

Amounts receivable (Note 3(c))

3,936

3,936

Property, plant and equipment

22

21

Exploration and evaluation assets (Note 4)

66,634

61,402

Total assets

$

83,340

$

84,825

Liabilities

Current liabilities

Accounts payable and accrued liabilities (Note 5)

$

1,129

$

561

Total liabilities

1,129

561

Shareholders' equity (Note 6)

Common shares

192,832

192,800

Contributed surplus

32,093

30,553

Accumulated other comprehensive income ("AOCI")

266

112

Deficit

(142,980)

(139,201)

Total equity

82,211

84,264

Total liabilities and equity

$

83,340

$

84,825

Nature of Operations and Liquidity Risk (Note 1)

Subsequent Event (Note 10)

The accompanying notes are an integral part of these unaudited condensed interim consolidated

financial statements.

Marimaca Copper Corp.

Condensed Interim Consolidated Statements of Loss and Comprehensive Loss

For the three and six months ended June 30, 2023 and 2022

(Unaudited, expressed in thousands of U.S. dollars, except where indicated)

Three months ended June 30,

Six months ended June 30,

2023

2022

2023

2022

(Restated - Note

2(c))

Expenses

Exploration expenditures

$

-

$

-

$

-

$

55

Depreciation and amortization

3

11

6

23

Legal and filing fees

58

36

148

102

Other corporate costs

731

190

1,050

369

Salaries and management fees

616

374

1,240

774

Share-based compensation (Note 6(b))

1,170

951

1,570

2,635

Operating loss

(2,578)

(1,562)

(4,014)

(3,958)

Finance income

115

60

219

76

Change in fair value of derivative (Note 3(c))

1

-

(3)

-

Foreign exchange gain

(58)

62

19

226

Loss from continuing operations

$

(2,520)

$

(1,440)

$

(3,779)

$

(3,656)

Discontinued operations

Loss from discontinued operations (Note 3(a))

-

-

-

2,817

Net income (loss)

$

(2,520)

$

(1,440)

$

(3,779)

$

(839)

Other comprehensive income

Items that may be reclassified subsequently to net income:

Foreign currency translation adjustment

148

(296)

154

(152)

Comprehensive income (loss)

$

(2,372)

$

(1,736)

$

(3,625)

$

(991)

Loss per share from continuing operations

Basic and dilulted loss per share

$

(0.03)

$

(0.02)

$

(0.04)

$

(0.04)

Income (loss) per share from discontinued operations

Basic and diluted loss per share

$

-

$

-

$

-

$

0.03

Loss per share

Basic and diluted loss per share

$

(0.03)

$

(0.02)

$

(0.04)

$

0.00

Weighted average number of shares outstanding (000's)

Basic

88,234

88,209

88,230

88,144

Diluted

89,998

89,500

89,773

89,464

The accompanying notes are an integral part of these unaudited condensed interim consolidated

financial statements.

Marimaca Copper Corp.

Condensed Interim Consolidated Statements of Shareholders' Equity

For the six months ended June 30, 2023 and 2022

(Unaudited, expressed in thousands of U.S. dollars, except where indicated)

The accompanying notes are an integral part of these unaudited condensed interim consolidated

financial statements.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Marimaca Copper Corp. published this content on 11 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2023 18:23:06 UTC.