Chaarat has several other promising prospects also located
within the Kyrgyz Republic. An exploration programme is underway at
the Company's Chontash molybdenum-copper-gold-porphyry project,
located in the Akshirak range of mountains. A mining licence has
been obtained for the Mironovskoye polymetallic asset, located
about 120km east of Bishkek.
Consolidated income statement
For the six months ended
30 June
6 months 6 months to 12 months
to to
30 June 30 June 31 December
2013 2012 2012
(unaudited) (unaudited) (audited)
USD USD USD
Exploration expenses (6,756,622) (2,819,809) (6,301,714)
Payment for mining licence (5,666,213) - -
Administrative expenses (2,865,015) (2,441,901) (5,905,089)
- Share options expense (338,383) (275,583) (588,514)
- Foreign exchange (loss)/gain (551,330) (11,998) 229,581
----------------------------------------- ------------ -------------- ----------------
Total administrative expenses (3,754,728) 2,729,482 (6,264,022)
Other operating income 591 364,097 345,862
----------------------------------------- ------------ -------------- ----------------
Operating loss (16,176,972) (5,185,194) (12,219,874)
Financial income 110,315 347,275 730,086
----------------------------------------- ------------ -------------- ----------------
Loss for the period, attributable
to equity shareholders of
the parent (16,066,657) (4,837,919) (11,489,788)
----------------------------------------- ------------ -------------- ----------------
Loss per share (basic and
diluted) - USD cents (6.41) (1.93)c (4.59)c
----------------------------------------- ------------ -------------- ----------------
Consolidated statement of
comprehensive income
For the six months ended
30 June
6 months 6 months to 12 months
to to
30 June 30 June 31 December
2013 2012 2012
(unaudited) (unaudited) (audited)
USD USD USD
Loss for the period, attributable
to equity shareholders of
the parent (16,066,657) (4,837,919) (11,489,788)
Other comprehensive income:
Exchange differences on translating
foreign operations and investments 731,264 (519,814) (918,873)
Other comprehensive income
for the period, net of tax 731,264 (519,814) (918,873)
Total comprehensive loss
for the period attributable
to equity shareholders of
the parent (15,335,393) (5,357,733) (12,408,661)
------------------------------------------- ------------ ------------ ---------------
Consolidated balance sheet
At 30 June
30 June 30 June 31 December
2013 2012 2012
(unaudited) (unaudited) (audited)
USD USD USD
Assets
Non-current assets
Intangible assets 120,942 156,231 129,740
Mining exploration assets 8,349,367 8,349,367 8,349,367
Mine properties 8,353,682 4,913,369 8,400,984
Property, plant and equipment 7,026,987 2,030,354 4,685,330
Assets in construction 15,018,098 7,821,718 15,598,101
Other receivables - 1,878,355 -
38,869,076 25,149,394 37,163,522
--------------------------------- ------------------ ------------------ ------------------
Current assets
Inventories 2,336,790 1,291,950 2,783,323
Trade and other receivables 2,697,557 6,853,233 3,143,397
Cash and cash equivalents 20,727,659 52,611,254 36,944,060
25,762,006 60,756,437 42,870,780
Total assets 64,631,082 85,905,831 80,034,302
---------------------------------- ------------------ ------------------ ------------------
Equity and liabilities
Equity attributable to
shareholders
Share capital 2,504,778 2,504,778 2,504,778
Share premium 128,551,662 128,551,662 128,551,662
Other reserves 14,808,155 14,437,527 14,618,604
Translation reserve (1,257,789) (1,589,994) (1,989,053)
Accumulated losses (82,549,024) (60,111,184) (66,631,199)
---------------------------------- ------------------ ------------------ ------------------
62,057,782 83,792,789 77,054,792
--------------------------------- ------------------ ------------------ ------------------
Non- current liabilities
---------------------------- ---- ------------------ ------------------ ------------------
Deferred tax 472,961 460,579 472,620
---------------------------------- ------------------ ------------------ ------------------
472,961 460,579 472,620
Current liabilities
Trade payables 1,423,399 828,166 754,951
Accrued liabilities 676,940 824,297 1,751,939
---------------------------------- ------------------ ------------------ ------------------
2,100,339 1,652,463 2,506,890
--------------------------------- ------------------ ------------------ ------------------
Total liabilities 2,573,300 2,113,042 2,979,510
---------------------------------- ------------------ ------------------ ------------------
Total liabilities and equity 64,631,082 85,905,831 80,034,302
---------------------------------- ------------------ ------------------ ------------------
Consolidated statement of changes in equity
For the six months ended 30 June
Share Share Accumulated Other Translation
capital premium losses reserves reserve Total
USD USD USD USD USD USD
Balance at 31
December
2011 2,504,778 128,551,662 (55,420,195) 14,308,874 (1,070,180) 88,874,939
----------------- --------- ----------- ------------ ---------- ----------- ------------
Currency
translation - - - - (519,814) (519,814)
----------------- --------- ----------- ------------ ---------- ----------- ------------
Other
comprehensive
income - - - - (519,814) (519,814)
----------------- --------- ----------- ------------ ---------- ----------- ------------
Loss for the six
months ended
Chaarat Gold (LSE:CGH)
Historical Stock Chart
From Jun 2024 to Jul 2024
Chaarat Gold (LSE:CGH)
Historical Stock Chart
From Jul 2023 to Jul 2024
