62
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)
Six Months Ended December 31,
2012
2011
(unaudited)
Operating income and (expenses):
Exploration and evaluation
$ (12,939)
$ (10,363)
Corporate administration
(4,158)
(7,791)
Depreciation
(90)
(42)
Write-down of mineral property
-
(931)
Total operating expenses
(17,187)
(19,127)
Non-operating income and (expenses):
Interest income
301
538
Gain/(loss) on currency translation
1,457
(2,686)
Loss on sale of marketable securities
(7)
(9)
Unrealized gain/(loss) on derivatives
(4)
173
Other income
10
50
Total non-operating income/(expenses)
1,757
(1,934)
Net loss
$ (15,430)
$ (21,061)
Other comprehensive income/(loss)
Realized loss on available-for-sale securities
$ 7
$ 9
Unrealized gain/(loss) on available-for-sale securities
2
(39)
Total other comprehensive income/(loss)
9
(30)
COMPREHENSIVE LOSS
$ (15,421)
$ (21,091)
LOSS PER SHARE - BASIC AND DILUTED
$ (0.35)
$ (0.48)
WEIGHTED AVERAGE NUMBER OF
SHARES OUTSTANDING
44,610,070
44,096,346
See accompanying notes to consolidated financial statements.
