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Guyana Goldfields Inc. (TSX:GUY) reported that, effective in 2014, its financial year-end will be changed from October 31st to December 31st to align the company’s financial reporting calendar with other public mining companies and to facilitate the investment community’s ability to compare its financial performance.
Guyana Goldfields Inc. (TSX:GUY) reported that, effective in 2014, its financial year-end will be changed from October 31st to December 31st to align the company’s financial reporting calendar with other public mining companies and to facilitate the investment community’s ability to compare its financial performance. GGI will report a, one-time, fourteen month transition year covering the months of November 2013 to December 2014. Subsequent to the transition year, the Company’s first full financial year will cover the period January 1, 2015 to December 31, 2015.
According to the company’s press release:
During the remainder of the transition year, GGI will file interim financial statements for the three and nine-month interim periods ending July 31, 2014 and July 31, 2013 and the three and twelve-month interim periods endingOctober 31, 2014 and October 31, 2013. Year-end financial statements will be filed for the fourteen month period ending December 31, 2014 and these will be compared to the financial statements for the twelve months endedOctober 31, 2013.
Click here to view the full press release.