61
RARE ELEMENT RESOURCES LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(Expressed in thousands of U.S. Dollars, except per share and common share amounts)
Year Ended December 31,
2014
2013
2012
(unaudited)
Operating income and (expenses):
Exploration and evaluation
$ (8,558)
$ (14,126)
$ (18,314)
Corporate administration
(4,946)
(6,616)
(11,914)
Depreciation
(210)
(197)
(170)
Write-down of mineral property
-
-
(943)
Total operating expenses
(13,714)
(20,939)
(31,341)
Non-operating income and (expenses):
Interest income
76
232
627
Gain/(loss) on currency translation
(507)
(1,531)
1,525
Loss on sale of marketable securities
-
(39)
(9)
Gain/(loss) on derivatives
116
81
(142)
Other income/(expense)
-
(50)
(22)
Total non-operating income/(expenses)
(315)
(1,307)
1,979
Net loss
$ (14,029)
$ (22,246)
$ (29,362)
Other comprehensive income/(loss)
Realized gain on available-for-sale securities
$ - $ 39
$ 9
Unrealized gain/(loss) on available-for-sale
securities
-
4
(17)
Total other comprehensive income/(loss)
-
43
(8)
COMPREHENSIVE LOSS
$ (14,029)
$ (22,203)
$ (29,370)
LOSS PER SHARE - BASIC AND DILUTED
$ (0.29)
$ (0.48)
$ (0.66)
WEIGHTED AVERAGE NUMBER OF
SHARES OUTSTANDING
47,706,559
46,299,560
44,581,287
See accompanying notes to consolidated financial statements.
