Condensed Consolidated Interim Statements of Financial Position
3
Condensed Consolidated Interim Statements of Loss and Comprehensive Loss
4
Condensed Consolidated Interim Statements of Equity
5
Condensed Consolidated Interim Statements of Cash Flows
6
Notes to Condensed Consolidated Interim Financial Statements
7 - 15
Notice to Reader:
These condensed consolidated interim financial statements of Carlin Gold Corporation (the "Company") have been prepared by management and reviewed by the Audit Committee and approved and authorized for issue by the Board of Directors of the Company. In accordance with National Instrument 51-102 released by the Canadian Securities Administrators, the Company discloses that its external auditors have not reviewed these condensed consolidated interim financial statements, notes to financial statements and the related quarterly Management Discussion and Analysis.
Condensed Consolidated Interim Statements of Financial Position As at March 31, 2021 and December 31, 2020
(Expressed in Canadian dollars)
March 31
December 31
2021
2020
Assets
Current assets:
Cash
$
52,660
$
73,878
Accounts receivable
581
3,692
Marketable securities (Note 4)
260,480
338,280
313,721
415,850
Exploration and evaluation properties (Note 5)
1,854,428
1,852,225
$
2,168,149
$
2,268,075
Liabilities
Current liabilities:
Trade payables and accrued liabilities
$
37,842
$
50,957
Other amounts due to related parties (Note 7)
629,386
589,986
667,228
640,943
Equity
Share capital (Note 6)
10,603,291
10,603,291
Reserves - Stock options
169,627
169,627
Deficit
(9,271,997)
(9,145,786)
1,500,921
1,627,132
$
2,168,149
$
2,268,075
"K. Wayne Livingstone"
"Robert Culbert"
Director
Director
See accompanying notes to condensed consolidated interim financial statements.
Condensed Consolidated Interim Statements of Loss and Comprehensive Loss For the three months ended March 31, 2021 and 2020
(Expressed in Canadian dollars)
2020
2019
Expenses:
Accounting and audit
$
4,279
$
4,000
Interest
-
186
Legal fees
667
7,020
Management and administration fees (Note 7)
30,000
324
Office
115
2,267
Regulatory fees
5,200
5,700
Technical consulting (Note 7)
7,596
8,069
Transfer agent fees
893
1,408
(48,750)
(28,974)
Foreign exchange gain
2,238
(9,687)
Gain (loss) on sale of marketable securities (Note 4)
-
(5,620)
Fair value change of marketable securities (Note 4)
(77,800)
(41,072)
Write-down of exploration properties (Note 5d)
(1,899)
(2,017)
Net loss and comprehensive loss for the period
$
(126,211)
$
(87,370)
Income (loss) per share (basic and diluted)
$
(0.00)
$
(0.00)
Weighted average number of common shares outstanding
88,939,464
88,939,464
See accompanying notes to condensed consolidated interim financial statements.
Condensed Consolidated Interim Statements of Equity For the three months ended March 31, 2021 and 2020 (Expressed in Canadian dollars)
Share Capital
Reserves
Number of
Stock
Shares
Amount
options
Deficit
Total equity
Balance, December 31, 2019
88,939,464
$10,603,291
$238,542
($9,369,438)
$1,472,395
Net loss for the period
-
-
-
(87,370)
(87,370)
Balance, March 31, 2020
88,939,464
$10,603,291
$238,542
($9,456,808)
$1,385,025
Cancellation of stock options (Note 6b)
-
-
(68,915)
68,915
-
Net income for the period
-
-
-
242,107
242,107
Balance, December 31, 2020
88,939,464
$10,603,291
$ 169,627
($9,145,786)
$ 1,627,132
Net loss for the period
-
-
-
(126,211)
(126,211)
Balance, March 31, 2021
88,939,464
$10,603,291
$169,627
($9,271,997)
$1,500,921
See accompanying notes to condensed consolidated interim financial statements.
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Carlin Gold Corporation published this content on 07 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 June 2021 07:38:05 UTC.
Carlin Gold Corporation is a Canada-based exploration company. The Company is focused on Carlin-type gold exploration in Nevada. The Company has two 100% owned gold exploration properties in Nevada, both containing Carlinstyle gold targets and IVY copper-gold property in northeastern Nevada. Its flagship Cortez Summit Property consists of 142 unpatented claims located in the southern Cortez Mountains in Eureka County, Nevada, between the historic Buckhorn and Horse Canyon mines. Its Willow property is an early-stage project consisting of 47 claims in Elko County north of the town of Wells. The Willow property is located in the northern Snake Mountains, approximately 30 air miles (48 kilometers) north-northwest of the town of Wells, Nevada. Its 100% owned Ivy Property consists of approximately 49 unpatented mining claims located within the Contact Mining District in northeastern Elko County, Nevada.