Slide 1: Statement of financial position notes
The accompanying notes are an integral part of these interim financial statements. Nature of operations and going concern (Note 1) Commitments related to project spending (Note 6)
Slide 2: Interim financial statements
The accompanying notes are an integral part of these interim financial statements.
Slide 3: Interim financial statements
The accompanying notes are an integral part of these interim financial statements.
Slide 4: Interim financial statements
The accompanying notes are an integral part of these interim financial statements.
Slide 5: 5. Mineral Property Costs
5. Mineral Property Costs Total accumulated deferred mineral property costs are detailed as follows:
Slide 6: Mineral property costs by project
Year ended December 31, 2020 Back Forty Project Reef Gold Project Bend Gold Project Period ended September 30, 2021 Back Forty Project Reef Gold Project Bend Gold Project Balance, beginning of year $24,114,551 457,276 50,000 $24,621,827 Balance, beginning of year $ 24,120,551. 528,172 50,000 $ 24,69
Slide 7: Property, plant and equipment
Furniture and Cost Land Buildings Fixtures Total Balance December 31, 2020 $378,880 $1,025,880 $339,459 $1,744,219 Balance, September 30, 2021 $ 378,880 $1,025,880 $339,459 $1,744,219 Furniture and Accumulated Depreciation Land Buildings Fixtures Total Balance, December 31, 2019 $ - $ 290,709 $214,4
Slide 8: Stream arrangements under IFRS 15
Under IFRS 15, the stream arrangements are considered to have significant financing components on which an implied interest rate is accrued and added to deferred revenue, to be amortized once the stream begins to be paid down. Under these rules, the Company reports a notional non-cash interest
Slide 9: Share capital continuity
Balance, December 31, 2019 Shares issued on exercise of RSUs (i) Fair value transferred on exercise of RSUs (i) Balance, September 30, 2020 Balance, December 31, 2020 Shares issued on exercise of RSUs (i) Fair value transferred on exercise of RSUs (i) Shares issued on exercise of DSUs (ii) Fair valu
Slide 10: Stock options outstanding
As at September 30, 2021, common share stock options held by directors, officers, employees and consultants are as follows:
Slide 11: Issued under plan of arrangement
* Issued under plan of arrangement.
Slide 12: 11. Warrants
11. Warrants The movements in the number of outstanding share purchase warrants for the period ended September 30, 2021 are as follows:
Slide 13: No warrants outstanding
There are no warrants issued and outstanding as at September 30, 2021.
Slide 14: Deferred share units
Number of Fair Value Deferred Share Units on Issuance Balance - January 1, 2020 2,076,238 $ 271,744 Change due to foreign exchange (6,447) Change due to revaluation 14,883 Balance, September 30, 2020 2,076,238 $ 280,180 Number of Fair Value Deferred Share Units on Issuance Balance - January 1, 2021
Slide 15: Related party transactions
During the three and nine months ended September 30, 2021, the Company had expenditures in the amount of $26,984 (September 30, 2020 – $30,189) and $84,278 (September 30, 2020 - $86,540) for shared office costs paid to a partnership in which one of the Company’s directors is an owner. Beginnin
Slide 16: Administrative expenses
For the three months For the nine months ended September 30, ended September 30, 2021 2020 2021 2020 Salaries and benefits $ 306,545 $ 407,724 $ 873,057 $1,398,378 Professional fees 24,446 18,040 242,853 299,388 Office, general and administration 69,876 93,107 199,430 294,236 Management and consulti
Slide 17: 17. Financial Risk Management
17. Financial Risk Management In the normal course of business, the Company is exposed to a number of financial risks that can affect its operating performance. These risks are: credit risk, liquidity risk and market risk. The Company’s overall risk management program and prudent business practi