XML 16 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating Expenses    
Consulting fees $ 73,190 $ 147,370
Depreciation 1,315 1,769
Insurance 61,749 67,377
Investor relations 20,958 32,203
Mineral property exploration 796,505 401,330
Office 7,837 6,988
Other 4,476 4,761
Professional fees 42,834 50,146
Regulatory 36,738 70,852
Rent 35,361 40,880
Travel 19,213 20,853
Wages and benefits 570,238 710,577
Total operating expenses (1,670,414) (1,555,106)
Other income (expenses)    
Gain/(loss) on foreign exchange (123,862) 702,255
Interest income 6,820 16,356
Unrealized gain/(loss) on derivative (700,000) 200,000
Total other income (expenses) (817,042) 918,611
Net loss for the period (2,487,456) (636,495)
Other comprehensive income (loss)    
Unrealized loss on marketable securities (473) (8,379)
Exchange difference on translating foreign operations 299,483 (1,027,199)
Total other comprehensive income (loss) for the period 299,010 (1,035,578)
Comprehensive loss for the period $ (2,188,446) $ (1,672,073)
Basic and fully diluted loss per share $ (0.02) $ (0.01)
Weighted average number of shares outstanding 116,313,638 116,313,638