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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,
2015
2014
Operating income and (expenses):
Exploration and evaluation
$ (5,070) $ (8,558)
Corporate administration
(4,042)
(4,946)
Depreciation
(118)
(210)
Total operating expenses
(9,230)
(13,714)
Non-operating income and (expenses):
Interest income
28
76
Loss on currency translation
(476)
(507)
Gain/(loss) on derivatives
-
116
Total non-operating expenses
(448)
(315)
Net loss
$ (9,678)
$ (14,029)
LOSS PER SHARE
–
BASIC AND DILUTED
$ (0.19)
$ (0.29)
WEIGHTED AVERAGE NUMBER OF
SHARES OUTSTANDING
51,234,725
47,706,559
See accompanying notes to consolidated financial statements.