Minco : Reports Second Quarter 2017 Financial Results

MINCO plc CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

Unaudited - prepared by management

For the six-month period ended 30 June 2017

(Expressed in US$000's)

NOTICE OF NO AUDITOR REVIEW OF CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

The accompanying unaudited condensed interim consolidated financial statements of the Company have been

prepared by and are the responsibility of the Company's management.

The Company's independent auditor has not performed a review of these condensed interim consolidated financial statements in accordance with standards established by the Canadian Institute of Chartered Accountants for a review of interim financial statements by an entity's auditor.

MINCO plc CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

Unaudited - prepared by management

For the six-month period ended 30 June 2017

INDEX PAGE

Condensed Interim Consolidated Statements of Financial Position 1

Condensed Interim Consolidated Statements of Operations and Comprehensive (Income) Loss 2

Condensed Interim Consolidated Statements of Changes in Equity 3

Condensed Interim Consolidated Statements of Cash Flows 4

Notes to the Condensed Interim Consolidated Financial Statements 5- 15

MINCO PLC CONDENSED INTERIM CONSOLIDATED BALANCE SHEET AS AT 30 JUNE 2017

Unaudited - prepared by management

Expressed in US$000's Assets	Notes	June 30, 2017 (unaudited) $	December 31, 2016 (audited) $
Non-current assets
Exploration and evaluation assets	10	13,718	12,863
Investment in associate - note receivable	11	668	559
Prepaid expenses and other non-current assets	9	9
Total non-current assets	14,395	13,431
Current assets
Trade and other receivables	12	159	147
Cash and cash equivalents	13	1,581	2,351
Total current assets	1,740	2,498
Total assets	16,135	15,929
Equity and liabilities
Capital and reserves
Share capital	15	9,767	9,767
Share premium	29,790	29,790
Capital conversion reserve fund	39	39
Foreign currency translation reserve	(2,743)	(3,324)
Share-based payment reserve	16	-	209
Retained deficit	(21,266)	(21,115)
Total equity	15,587	15,366
Current liabilities
Trade and other payables	14	548	563
Total current l iabilities	548	563
Total equity and liabilities	16,135	15,929
COMMITMENTS AND CONTINGENCIES (Notes 10)

The financial statements were approved by the Board of Directors on 22 August 2017 and signed on its behalf by:

Signed "John F. Kearney" , Director Signed " Dan esh K. Var ma" , Director

See accompanying notes to the condensed interim consolidated financial statements

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MINCO PLC CONDENSED INTERIM CONSOLIDATED STATEMENT OF LOSS AND COMPREHENSIVE LOSS FOR THE SIX MONTH PERIOD ENDED 30 JUNE

Unaudited - prepared by management

Expressed in US$000's, except for per share amounts	Notes	Three months ended 30 June 2017 2016		Six months ended 30 June 2017 2016
$	$	$	$
Continuing operations
General and administrative expenses	(119)	(148)	(318)	(429)
Foreign exchange (loss)/gain	(30)	61	(62)	(98)
Opera ting loss	(149)	(87)	(380)	(527)
Finance income	8	14	20	28
Loss before and after taxation	(141)	(73)	(360)	(499)
Income tax	-	(14)	-	(14)
Group loss for the period	(141)	(87)	(360)	(513)
Other Comprehensive Income
operations	440	(227)	581	775
Total comprehensive gain/(loss) for the period	299	(314)	221	262
US Cents per share	US Cents per share	US Cents per share	US Cents per share
Earnings/(loss) per share
Basic	9	(0.03)	(0.02)	(0.08)	(0.11)
Diluted	9	(0.03)	(0.02)	(0.08)	(0.11)

See accompanying notes to the condensed interim consolidated financial statements

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