Golden Queen Announces Q2 Financial Results, Review of Operations

Company News

Golden Queen Mining Co. Ltd. (TSX:GQM; OTCQX:GQMNF) released its second quarter financial results. For the second quarter, the company highlighted , a proposed joint venture transaction with Gauss LLC, completion of the construction of the workshop-warehouse on budget; completion of the site grading and site preparation of the area where the crushing-screening plant will be built; and further advanced detailed engineering work.

Golden Queen Mining Co. Ltd. (TSX:GQM; OTCQX:GQMNF) released its second quarter financial results. For the second quarter, the company highlighted , a proposed joint venture transaction with Gauss LLC, completion of the construction of the workshop-warehouse on budget; completion of the site grading and site preparation of the area where the crushing-screening plant will be built; and further advanced detailed engineering work.
Financial highlights include:
Financial position as at:June 30, 2014Dec. 31, 2013
 $$
Cash5,0775,031
Mineral property interests18,4139,919
Total assets24,42815,792
Working capital (deficit)(7,520)3,585
Total liabilities26,0599,551
Stockholders’ equity (deficiency)(1,632)6,241
Results for the quarter ended on:June 30, 2014June 30, 2013
 $$
Net income (loss) and comprehensive income (loss)(706)1,227
Basic income (loss) per share(0.01)0.01
Diluted income (loss) per share(0.02)(0.00)
Financial position as at:June 30, 2014Dec. 31, 2013
 $$
Cash5,0775,031
Mineral property interests18,4139,919
Total assets24,42815,792
Working capital (deficit)(7,520)3,585
Total liabilities26,0599,551
Stockholders’ equity (deficiency)(1,632)6,241
Results for the quarter ended on:June 30, 2014June 30, 2013
 $$
Net income (loss) and comprehensive income (loss)(706)1,227
Basic income (loss) per share(0.01)0.01
Diluted income (loss) per share(0.02)(0.00)
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