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Condensed Consolidated Interim Statements of Income (Loss) and Comprehensive Income (Loss) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues $ 13,450,545 $ 0 $ 16,914,638 $ 0
Costs and expenses        
Direct mining costs (9,110,596) 0 (12,673,605) 0
Depreciation and depletion (2,231,897) 0 (4,081,828) 0
Accretion (Note 5) (22,530) 0 (45,059) 0
General and administrative expenses (Notes 7(i)) (657,305) (672,738) (3,166,970) (3,403,485)
Gain (loss) on derivative instruments (Notes 7(iii), 8 and 9) 3,944,411 (598,770) (1,951,581) 1,868,329
Total costs and expenses (8,077,917) (1,271,508) (21,919,043) (1,535,156)
Other income (expenses)        
Interest expense (Notes 7(ii) and 7(iv)) (1,814,561) (981,390) (4,369,026) (2,999,254)
Interest income 33,313 49,805 116,215 168,330
Loss on extinguishment of debt 0 0 0 (151,539)
Closing fee (Note 7(ii)) 0 0 0 (1,500,000)
Total other (expenses) (1,781,248) (931,585) (4,252,811) (4,482,463)
Net and comprehensive income (loss) for the period 3,591,380 (2,203,093) (9,257,216) (6,017,619)
Add: Net and comprehensive (gain) loss attributable to the non-controlling interest for the period (Note 7(v)) (853,173) 278,926 960,867 1,278,001
Net and comprehensive income (loss) attributable to Golden Queen Mining Co Ltd. for the period $ 2,738,207 $ (1,924,167) $ (8,296,349) $ (4,739,618)
Earnings (Loss) per share - basic (Note 12) $ 0.03 $ (0.02) $ (0.08) $ (0.05)
Earnings (Loss) per share - diluted (Note 12) $ 0.03 $ (0.02) $ (0.08) $ (0.05)
Weighted average number of common shares outstanding -basic (in shares) 108,026,944 99,928,683 102,657,767 99,881,430
Weighted average number of common shares outstanding - diluted (in shares) [1] 108,402,626 99,928,683 102,657,767 99,881,430
[1] Diluted weighted average number of shares for the three months ended September 30, 2016, excludes 500,000 options and 16,317,700 warrants because out of money, for the nine months ended September 30,2016, 1,070,000 anti-dilutive options and 16,317,700 warrants were excluded, (three and nine months ended September 30, 2015 –1,070,000 ant-dilutive options and 10,000,000 warrants.).