West Red Lake Gold Mines Ltd.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2023Nov 30, 2023 | FY 2022Nov 30, 2022 | FY 2021Nov 30, 2021 |
|---|---|---|---|
| Total Revenue | 0.00 | 0.00 | 0.00 |
| Operating Revenue | 0.00 | 0.00 | 0.00 |
| Cost Of Revenue | 250,402 | 0.00 | -- |
| Gross Profit | -250,402 | 0.00 | -- |
| Selling General And Administration | 9.2M | 205,162 | 186,032 |
| General And Administrative Expense | 6.5M | 205,162 | 186,032 |
| Other Operating Expenses | 23.2M | 22,684 | 17,846 |
| Operating Expense | 32.4M | 227,846 | 203,878 |
| Operating Income | -32.7M | -227,846 | -203,878 |
| EBIT | -32.5M | -192,309 | -203,878 |
| Interest Expense | 6,128 | 0.00 | -- |
| Interest Expense Non Operating | 6,128 | 0.00 | -- |
| Interest Income | 475,450 | 35,537 | 11,599 |
| Interest Income Non Operating | 475,450 | 35,537 | 11,599 |
| Net Interest Income | 469,322 | 35,537 | 11,599 |
| Other Income Expense | -311,157 | -- | 15,000 |
| Special Income Charges | 0.00 | 0.00 | 15,000 |
| Gain On Sale Of Security | -311,157 | -- | -- |
| Pretax Income | -32.5M | -192,309 | -177,279 |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -32.5M | -192,309 | -177,279 |
| Net Income From Continuing Operation Net Minority Interest | -32.5M | -192,309 | -177,279 |
| Net Income Including Noncontrolling Interests | -32.5M | -192,309 | -177,279 |
| Net Income Common Stockholders | -32.5M | -192,309 | -177,279 |
| Net Income | -32.5M | -192,309 | -177,279 |
| EBITDA | -32.3M | -192,309 | -203,878 |
| Normalized EBITDA | -31.9M | -192,309 | -218,878 |
| Reconciled Depreciation | 250,402 | 0.00 | -- |
| Basic EPS | -0.30 | -0.01 | -0.01 |
| Diluted EPS | -0.30 | -0.01 | -0.01 |
| Basic Average Shares | 108.6M | 14.9M | 14.9M |
| Diluted Average Shares | 108.6M | 14.9M | 14.9M |
| Total Unusual Items | -311,157 | 0.00 | 15,000 |
| Total Unusual Items Excluding Goodwill | -311,157 | 0.00 | 15,000 |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 |
| Normalized Income | -32.2M | -192,309 | -192,279 |
| Diluted NI Availto Com Stockholders | -32.5M | -192,309 | -177,279 |
| Gain On Sale Of Ppe | -- | 0.00 | 15,000 |
| Net Income Continuous Operations | -32.5M | -192,309 | -177,279 |
| Net Non Operating Interest Income Expense | 469,322 | 35,537 | 11,599 |
| Other Gand A | 2.0M | 44,162 | 186,032 |
| Reconciled Cost Of Revenue | 250,402 | 0.00 | -- |
| Salaries And Wages | 4.5M | 161,000 | -- |
| Selling And Marketing Expense | 2.7M | 0.00 | -- |
| Total Expenses | 32.7M | 227,846 | 203,878 |
| Line Item | FY 2023Nov 30, 2023 | FY 2022Nov 30, 2022 | FY 2021Nov 30, 2021 |
|---|---|---|---|
| Cash And Cash Equivalents | 16.3M | 1.6M | 2.0M |
| Cash Cash Equivalents And Short Term Investments | 16.3M | 1.6M | 2.0M |
| Cash Financial | -- | 1.6M | 2.0M |
| Accounts Receivable | -- | 13,750 | 2,499 |
| Receivables | 1.0M | 13,750 | 2,499 |
| Inventory | 350,026 | 0.00 | -- |
| Prepaid Assets | 1.5M | 0.00 | -- |
| Current Assets | 19.2M | 1.9M | 2.0M |
| Gross PPE | 78.9M | 0.00 | -- |
| Accumulated Depreciation | -250,402 | 0.00 | -- |
| Net PPE | 78.7M | 0.00 | -- |
| Other Non Current Assets | 169,913 | -- | -- |
| Total Non Current Assets | 78.8M | 0.00 | 0.00 |
| Total Assets | 98.0M | 1.9M | 2.0M |
| Current Debt | 7.5M | -- | -- |
| Current Debt And Capital Lease Obligation | 7.8M | -- | -- |
| Accounts Payable | -- | 71,433 | 39,498 |
| Payables | -- | 71,433 | 39,498 |
| Payables And Accrued Expenses | 5.3M | 71,433 | 39,498 |
| Current Liabilities | 13.1M | 71,433 | 39,498 |
| Long Term Capital Lease Obligation | 0.00 | -- | -- |
| Total Non Current Liabilities Net Minority Interest | 18.9M | 0.00 | 0.00 |
| Total Liabilities Net Minority Interest | 32.0M | 71,433 | 39,498 |
| Common Stock | 110.8M | 20.7M | 20.7M |
| Capital Stock | 110.8M | 20.7M | 20.7M |
| Retained Earnings | -51.6M | -19.1M | -18.9M |
| Gains Losses Not Affecting Retained Earnings | 6.8M | 198,059 | 198,059 |
| Other Equity Adjustments | 6.8M | -- | -- |
| Common Stock Equity | 66.0M | 1.8M | 2.0M |
| Stockholders Equity | 66.0M | 1.8M | 2.0M |
| Total Equity Gross Minority Interest | 66.0M | 1.8M | 2.0M |
| Total Capitalization | 66.0M | 1.8M | 2.0M |
| Net Tangible Assets | 66.0M | 1.8M | 2.0M |
| Tangible Book Value | 66.0M | 1.8M | 2.0M |
| Working Capital | 6.1M | 1.8M | 2.0M |
| Invested Capital | 73.5M | 1.8M | 2.0M |
| Total Debt | 7.8M | 0.00 | -- |
| Share Issued | 215.2M | 14.9M | 14.9M |
| Ordinary Shares Number | 215.2M | 14.9M | 14.9M |
| Capital Lease Obligations | 288,209 | 0.00 | -- |
| Construction In Progress | 0.00 | -- | -- |
| Current Capital Lease Obligation | 288,209 | 0.00 | -- |
| Current Deferred Assets | 0.00 | 204,477 | 0.00 |
| Current Notes Payable | 7.5M | 0.00 | -- |
| Long Term Provisions | 18.9M | -- | -- |
| Machinery Furniture Equipment | 53.3M | 0.00 | -- |
| Other Properties | 25.6M | -- | -- |
| Taxes Receivable | 1.0M | 13,750 | -- |
| Treasury Shares Number | 0.00 | -- | -- |
| Line Item | FY 2023Nov 30, 2023 | FY 2022Nov 30, 2022 | FY 2021Nov 30, 2021 |
|---|---|---|---|
| Operating Cash Flow | -26.1M | -203,086 | -196,194 |
| Cash Flow From Continuing Operating Activities | -26.1M | -203,086 | -196,194 |
| Depreciation And Amortization | 250,402 | 0.00 | -- |
| Depreciation Amortization Depletion | 250,402 | 0.00 | -- |
| Stock Based Compensation | 3.6M | 0.00 | -- |
| Change In Working Capital | 2.0M | -10,777 | -3,915 |
| Change In Receivables | -125,267 | -11,251 | 76.00 |
| Change In Inventory | -350,026 | 0.00 | -- |
| Change In Payables And Accrued Expense | 2.5M | 474.00 | -3,991 |
| Change In Payable | -- | 474.00 | -3,991 |
| Other Non Cash Items | 268,980 | -- | -- |
| Capital Expenditure | -200,847 | -- | -- |
| Purchase Of PPE | -200,847 | 0.00 | -- |
| Net PPE Purchase And Sale | -200,847 | 0.00 | 15,000 |
| Purchase Of Business | -7.5M | 0.00 | -- |
| Sale Of Business | 3.3M | 0.00 | -- |
| Investing Cash Flow | -4.4M | -173,016 | 15,000 |
| Cash Flow From Continuing Investing Activities | -4.4M | -173,016 | 15,000 |
| Issuance Of Debt | 0.00 | -- | -- |
| Repayment Of Debt | -98,894 | 0.00 | -- |
| Net Issuance Payments Of Debt | -98,894 | 0.00 | -- |
| Issuance Of Capital Stock | 47.7M | 0.00 | -- |
| Net Common Stock Issuance | 47.7M | 0.00 | -- |
| Financing Cash Flow | 45.2M | 0.00 | -- |
| Cash Flow From Continuing Financing Activities | 45.2M | 0.00 | -- |
| Effect Of Exchange Rate Changes | 0.00 | -- | -- |
| Changes In Cash | 14.7M | -376,102 | -181,194 |
| Beginning Cash Position | 1.6M | 2.0M | 2.2M |
| End Cash Position | 16.3M | 1.6M | 2.0M |
| Free Cash Flow | -26.3M | -203,086 | -196,194 |
| Cash Dividends Paid | 0.00 | -- | -- |
| Common Stock Issuance | 47.7M | 0.00 | -- |
| Depreciation | 250,402 | 0.00 | -- |
| Gain Loss On Sale Of PPE | -- | 0.00 | -15,000 |
| Interest Paid Cff | 0.00 | -- | -- |
| Long Term Debt Issuance | 0.00 | -- | -- |
| Long Term Debt Payments | -98,894 | 0.00 | -- |
| Net Business Purchase And Sale | -4.2M | 0.00 | -- |
| Net Foreign Currency Exchange Gain Loss | 241,614 | 0.00 | -- |
| Net Income From Continuing Operations | -32.5M | -192,309 | -177,279 |
| Net Long Term Debt Issuance | -98,894 | 0.00 | -- |
| Net Other Financing Charges | -3.1M | -- | -- |
| Net Other Investing Changes | -- | -173,016 | -- |
| Operating Gains Losses | 241,614 | -- | -15,000 |
| Proceeds From Stock Option Exercised | 707,500 | 0.00 | -- |
| Sale Of PPE | -- | 0.00 | 15,000 |
| Unrealized Gain Loss On Investment Securities | 0.00 | -- | -- |