Golden Queen Announces Q2 Financial Results, Review of Operations

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, 2014 Dec. 31, 2013
  $ $
Cash 5,077 5,031
Mineral property interests 18,413 9,919
Total assets 24,428 15,792
Working capital (deficit) (7,520) 3,585
Total liabilities 26,059 9,551
Stockholders’ equity (deficiency) (1,632) 6,241
Results for the quarter ended on: June 30, 2014 June 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, 2014 Dec. 31, 2013
  $ $
Cash 5,077 5,031
Mineral property interests 18,413 9,919
Total assets 24,428 15,792
Working capital (deficit) (7,520) 3,585
Total liabilities 26,059 9,551
Stockholders’ equity (deficiency) (1,632) 6,241
Results for the quarter ended on: June 30, 2014 June 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)