Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Loss

v2.4.0.8
Consolidated Statements of Operations and Comprehensive Loss (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenue (net of direct taxes) (note 19) $ 7,616 $ 0 $ 0
Cost of sales (3,096) 0 0
Gross profit 4,520 0 0
Operating Expenses      
Exploration and evaluation (2,385) (3,285) (5,126)
Development (18,465) (8,979) (3,769)
General and administrative (5,592) (6,107) (7,585)
Write-off of mineral properties (note 9) (1,430) 0 0
Loss from operations (23,352) (18,371) (16,480)
Interest (expense) income (net) (6,138) 307 243
Loss on equity investment (note 11) (1,022) (64) (314)
Foreign exchange gain (loss) 164 (385) 186
Other (loss) income (5) 955 (78)
Net loss for the year (30,353) (17,558) (16,443)
Loss per common share:      
Basic and diluted $ (0.25) $ (0.15) $ (0.16)
Weighted average number of common shares outstanding:      
Basic and diluted 122,231,993 118,521,509 103,467,475
COMPREHENSIVE LOSS      
Net Loss (30,353) (17,558) (16,443)
Translation adjustment as of date of adoption of US$ as functional currency (6,161) 0 0
Translation adjustment on foreign operations (210) 1,445 (1,107)
Comprehensive loss for the year $ (36,724) $ (16,113) $ (17,550)