63
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 June 30,
2012
Operating income and (expenses):
Exploration and evaluation
$ (15,168)
Corporate administration
(16,109)
Depreciation
(123)
Write-down of mineral property
(1,874)
Total operating expenses
(33,274)
Non-operating income and (expenses):
Interest income
864
Gain/(loss) on currency translation
(2,618)
Loss on sale of marketable securities
(11)
Unrealized gain/(loss) on derivatives
35
Other income
10
Total non-operating income/(expenses)
(1,720)
Net loss
$ (34,994)
Other comprehensive income/(loss)
Realized loss on available-for-sale securities
$ 11
Unrealized gain/(loss) on available-for-sale securities
(59)
Total other comprehensive income/(loss)
(48)
COMPREHENSIVE LOSS
$ (35,042)
LOSS PER SHARE - BASIC AND DILUTED
$ (0.79)
WEIGHTED AVERAGE NUMBER OF
SHARES OUTSTANDING
44,189,656
See accompanying notes to consolidated financial statements.
