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ALPHAMIN RESOURCES CORPORATION - Unaudited condensed consolidated interim financial statements for the three and nine months ended 30 September 2018

Release Date: 30/11/2018 08:00
Code(s): APH     PDF:  
 
Wrap Text
Alphamin Resources Corp.
Continued in the Republic of Mauritius
Date of incorporation: 12 August 1981
Corporation number: C125884 C1/GBL
TSX-V share code: AFM
JSE share code: APH
ISIN: MU0456S00006


UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (EXPRESSED IN US DOLLARS)
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2018 AND 2017
C/o ADANSONIA MANAGEMENT SERVICES LIMITED, Suite 1, PERRIERI
OFFICE SUITES, C2-302, Level 3, Office Block C, La Croisette, Grand Baie 30517, Mauritius Phone: +230 269 4166 www.alphaminresources.com TABLE OF CONTENTS
Consolidated statement of financial position 3 Consolidated statement of loss and comprehensive loss 4 Consolidated statement of cash flows 5 Consolidated statement of changes in stockholders? equity 6 Notes to the financial statements 7 Notice to Reader
Under National Instrument 51-102, Part 4, subsection 4.3(3)(a), if an auditor has not performed a review of the condensed interim financial statements, they must be accompanied by a notice indicating that the financial statements have not been reviewed by an auditor.
The accompanying unaudited condensed consolidated interim financial statements of the Company have been prepared by and are the responsibility of the Company?s management.
The Company?s independent auditor has not performed a review of these unaudited condensed consolidated interim financial statements in accordance with standards established for a review of condensed interim financial statements by an entity?s auditor. CONSOLIDATED STATEMENT OF FINANCIAL POSITION
ALPHAMIN RESOURCE CORP. September 30, December 31, Consolidated Statements of Financial Position 2018 2017 As at
(Expressed in US dollars) $ $ ASSETS Current assets
Consumable Stores (Note 4) 2,103,970 1,155,564 Prepaids and other receivables (Note 3) 8,503,117 8,952,444 Cash and cash equivalents 8,433,749 7,236,425 Total current assets 19,040,836 17,344,433 Non-current assets
Plant and equipment (Note 5) 4,222,020 4,067,827 Prepaids and other receivables (Note 3) 513,564 463,739 Mine under construction (Note 6) 186,795,869 99,504,474 Exploration and evaluation assets (Note 7) 2,201,450 2,201,450 Total non-current assets 193,732,903 106,237,490 Total assets 212,773,739 123,581,923 LIABILITIES AND STOCKHOLDERS? EQUITY Current liabilities
Accounts payable and accrued liabilities (Note 8) 9,068,377 5,965,815 Accounts payable and accrued liabilities - related parties (Note 10) 251,833 304,468 Warrants (Note 11) 6,504,304 3,476,167 Total current liabilities 15,824,514 9,746,450 Non-current liabilities
Provision for closure and reclamation (Note 12) 5,700,876 1,974,
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