CANDELARIA MINING CORP. Candelaria Mining Corp.
Condensed Interim Consolidated Financial Statements For the six months ended October 31, 2021 and 2020
(amounts expressed in thousands of Canadian dollars, except where indicated)
NOTICE
RE: CONDENSED CONSOLIDATED INTERIM FINANCIALS STATEMENTS (UNAUDITED) FOR THE SIX MONTHS PERIOD ENDED OCTOBER 31, 2021
The second quarter financial statements for the six months ended October 31, 2021 and 2020 have not been reviewed by the auditors of Candelaria Mining Corp.
CANDELARIA MINING CORP.
"Sam Wong"
SAM WONG
Chief Financial Officer
Candelaria Mining Corp.
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
(Amounts expressed in thousands of Canadian dollars, except where indicated)
Note | October 31, 2021 | April 30, 2021 | |||
Assets | |||||
Current assets | |||||
Cash and cash equivalents | 4 | $ | 5,951 | $ | 756 |
Other receivables and prepaid expenses | 3,4 | 958 | 104 | ||
Total current assets | 6,909 | 860 | |||
Other receivables - non-current | 3,4 | 1,475 | 1,839 | ||
Equipment | 396 | 270 | |||
Deposit | 1,087 | 1,087 | |||
Deferred charges - Debenture | 5,261 | 5,261 | |||
Exploration and evaluation assets | 5 | 8,843 | 8,965 | ||
Total assets | $ | 23,971 | $ | 18,282 | |
Liabilities | |||||
Current liabilities | |||||
Accounts payable and accrued liabilities | 4 | $ | 911 | $ | 1,794 |
Caballo Blanco Acquisition Payable | 4,5(b) | 929 | 921 | ||
Total current liabilities | $ | 1,840 | $ | 2,715 | |
Debenture | 6 | 1,156 | 990 | ||
Caballo Blanco Acquisition Payable - non-current | 5(b) | 429 | 400 | ||
Total liabilities | $ | 3,425 | $ | 4,105 | |
Shareholders' equity | |||||
Share capital | 60,579 | 51,807 | |||
Reserves | 10,229 | 10,149 | |||
Deficit | (50,262) | (47,779) | |||
20,546 | 14,177 | ||||
Total liabilities and shareholders' equity | $ | 23,971 | $ | 18,282 | |
Nature of operations and going concern (note 1)
Approved by the Board of Directors
___________"Ramon Perez"_____________Director _________"Matthew Roma"__________Director
The accompanying notes are an integral part of these interim consolidated financial statements.
Candelaria Mining Corp.
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF LOSS AND COMPREHENSIVE LOSS
(Amounts expressed in thousands of Canadian dollars, except where indicated)
Three months ended October 31, | Six months ended October 31, | |||||||||
Notes | 2021 | 2020 | 2021 | 2020 | ||||||
Operating expenses | ||||||||||
Exploration expenses | 12 | (491) | (110) | (614) | (911) | |||||
Consulting and professional fees | 9 | (281) | (135) | (543) | (504) | |||||
Salary and wages | (143) | (54) | (143) | (241) | ||||||
Investors development | (278) | - | (278) | - | ||||||
General and administration | (53) | (91) | (213) | (247) | ||||||
Travel | (6) | - | (6) | - | ||||||
Regulatory and filing fees | (19) | (13) | (19) | (23) | ||||||
Stock-based compensation | 8 | (153) | (652) | (562) | (681) | |||||
Net loss before other (expense) income | (1,424) | (1,055) | (2,378) | (2,607) | ||||||
Other (expenses) income, net | ||||||||||
Foreign exchange gain | 36 | 8 | 1 | 113 | ||||||
Gain on settlement of payables | 4 | 214 | - | 214 | - | |||||
Finance cost | (193) | (399) | (320) | (586) | ||||||
Net loss | (1,367) | (1,446) | (2,483) | (3,080) | ||||||
Other comprehensive gain (loss) ("OCI") | ||||||||||
Items that may be reclassified to profit or loss | ||||||||||
Gain translation of foreign operations | (450) | 610 | (141) | 1,067 | ||||||
Total comprehensive loss | (1,817) | (836) | (2,624) | (2,013) | ||||||
Net loss attributable to: | ||||||||||
Owners of the Company | (1,367) | (1,446) | (2,483) | (3,106) | ||||||
NCI | - | - | - | 26 | ||||||
Total net loss | (1,367) | (1,446) | (2,483) | (3,080) | ||||||
OCI attributable to: | ||||||||||
Owners of the Company | (450) | 610 | (141) | 1,067 | ||||||
NCI | - | - | - | - | ||||||
Total other comprehensive gain | (450) | 610 | (141) | 1,067 | ||||||
Total comprehensive loss attributable to: | ||||||||||
Owners of the Company | (1,817) | (836) | (2,624) | (2,039) | ||||||
NCI | - | - | - | 26 | ||||||
Total comprehensive loss | (1,817) | (836) | (2,624) | (2,013) | ||||||
Loss per share - basic and diluted | $ | (0.01) | $ | (0.01) | $ | (0.02) | $ | (0.03) | ||
Weighted average shares outstanding (000's) - | ||||||||||
basic and diluted | 137,553 | 126,151 | 133,181 | 122,105 | ||||||
Total shares issued and outstanding (000's) | 148,541 | 127,475 | 148,541 | 127,475 | ||||||
The accompanying notes are an integral part of these interim consolidated financial statements.
Candelaria Mining Corp.
CONSOLIDATED STATEMENTS OF CHANGE IN SHAREHOLDERS' EQUITY
(Amount expressed in thousands of Canadian dollars, except where indicated)
Shares | Share | RSU | Translation | Total equity | Total | ||||||||||||||||||||||
Notes | ('000) | capital | Reserves | Reserves | reserves | Deficit | for owners | NCI | equity | ||||||||||||||||||
Balance as at April 30, 2021 | 128,829 | $ | 51,807 | $ | 11,428 | $ | 422 | $ | (1,701) | $ | (47,779) | $ | 14,177 | $ | - | $ | 14,177 | ||||||||||
Share issuance, stock options exercised | 7 | 83 | 66 | (28) | - | - | - | 38 | - | 38 | |||||||||||||||||
Share issuance, private placement | 7 | 18,759 | 8,393 | - | - | - | - | 8,393 | - | 8,393 | |||||||||||||||||
RSU issuance | 7 | 870 | 313 | - | (313) | - | - | - | - | - | |||||||||||||||||
Stock based compensation | 8 | - | - | 382 | 180 | - | - | 562 | - | 562 | |||||||||||||||||
Cumulative translation | - | - | - | - | (141) | - | (141) | - | (141) | ||||||||||||||||||
Net loss for the period | - | - | - | - | - | (2,483) | (2,483) | - | (2,483) | ||||||||||||||||||
As at October 31, 2021 | 148,541 | $ | 60,579 | $ | 11,782 | $ | 289 | $ | (1,842) | $ | (50,262) | $ | 20,546 | $ | - | $ | 20,546 | ||||||||||
Shares | |||||||||||||||||||||||||||
('000) | Share | RSU | Translation | Total equity | Total | ||||||||||||||||||||||
Notes | capital | Reserves | Reserves | Reserves | Deficit | for owners | NCI | equity | |||||||||||||||||||
Balance as at April 30, 2020 | 118,059 | $ | 45,102 | $ | 4,200 | $ | 1,309 | $ | (2,572) | $ | (40,567) | $ | 7,472 | $ | 1,737 | $ | 9,209 | ||||||||||
Share issuance, acquisition of Apolo | 5(a) | 7,075 | 3,750 | - | - | - | (2,003) | 1,747 | (1,763) | (16) | |||||||||||||||||
Share issuance, stock options exercised | 7 | 166 | 44 | (19) | - | - | - | 25 | - | 25 | |||||||||||||||||
Warrants issuance, Debenture | 6,7 | - | - | 6,253 | - | - | - | 6,253 | - | 6,253 | |||||||||||||||||
Share for debt | 7 | 2,175 | 1,087 | - | - | - | - | 1,087 | - | 1,087 | |||||||||||||||||
Stock based compensation | - | - | 320 | 361 | - | - | 681 | - | 681 | ||||||||||||||||||
Cumulative translation | - | - | - | - | 1,067 | - | 1,067 | - | 1,067 | ||||||||||||||||||
Net loss for the period | - | - | - | - | - | (3,106) | (3,106) | 26 | (3,080) | ||||||||||||||||||
As at October 31, 2020 | 127,475 | $ | 49,983 | $ | 10,754 | $ | 1,670 | $ | (1,505) | $ | (45,676) | $ | 15,226 | $ | - | $ | 15,226 | ||||||||||
The accompanying notes are an integral part of these interim consolidated financial statements.
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Candelaria Mining Corp. published this content on 30 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 December 2021 23:26:08 UTC.
