XML 39 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended 205 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2011
EXPENSES (INCOME)        
Exploration costs [note 4] $ 10,894 $ 16,299 $ 10,966 $ 89,053
General and administrative 7,154 7,798 8,236 38,445
Stock based compensation [notes 6-7] 729 784 972 18,586
Change in fair value of warrants [note7] (129) (662) 116 (675)
Interest and bank charges 37 60 55 391
Depreciation 936 895 734 3,589
Mineral property impairment       3,244
Total expenses 19,621 25,174 21,079 152,633
Other income (864)     (864)
Loss on asset disposal 67     67
Interest income (57) (6) (112) (4,853)
Net loss before income taxes (18,767) (25,168) (20,967) (146,983)
Income tax expense (benefit) [note 11]     (75) (65)
Consolidated net loss (18,767) (25,168) (20,892) (146,918)
Less: Net loss attributed to the noncontrolling interest (3,949) (6,884) (4,601) (30,149)
Net loss attributed to Geovic stockholders $ (14,818) $ (18,284) $ (16,291) $ (116,769)
Net loss per share $ (0.14) $ (0.18) $ (0.16)  
Weighted average shares outstanding 104,963,741 103,829,109 103,016,274